M R Automotive Ltd

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m r automotive ltd Company Information

Live

EstablishedMicroHigh

Company Number

06381059

Website

https://mrautomotive.com

Registered Address

warwick house roydon road, harlow, essex, CM19 5DY

Industry

Other business support service activities n.e.c.

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Michael McVeigh14 Years

Shareholders

autoprotect (mbi) ltd 53.9%

john garrett morter 15.4%

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m r automotive ltd Estimated Valuation

£36.7k

Pomanda estimates the enterprise value of M R AUTOMOTIVE LTD at £36.7k based on a Turnover of £92.2k and 0.4x industry multiple (adjusted for size and gross margin).

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M R Automotive Ltd is a live company located in essex, CM19 5DY with a Companies House number of 06381059. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2007, it's largest shareholder is autoprotect (mbi) ltd with a 53.8% stake. M R Automotive Ltd is a established, micro sized company, Pomanda has estimated its turnover at £92.2k with high growth in recent years.

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Pomanda's financial health check has awarded M R Automotive Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £92.2k, make it smaller than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3%)

EXPORT

M R Automotive Ltd's latest turnover from December 2022 is estimated at £92.2 thousand and the company has net assets of -£236.9 thousand. According to their latest financial statements, we estimate that M R Automotive Ltd has 1 employee and maintains cash reserves of £85.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	92,247	91,999	98,167	53,712	39,905	14,238	45,372	71,039	336,982	335,427	304,340	232,633	137,716	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	76,211	77,510	82,373	44,646	33,322	11,826	37,470	59,389	283,124	282,741	255,226	193,248	113,391	0
Gross Profit	16,036	14,488	15,793	9,067	6,583	2,412	7,903	11,650	53,858	52,685	49,114	39,384	24,325	0
Admin Expenses	18,075	14,077	38,214	31,566	24,190	-4,503	4,566	24,807	57,608	48,694	100,471	90,666	88,559	2,385
Operating Profit	-2,039	411	-22,421	-22,499	-17,607	6,915	3,337	-13,157	-3,750	3,991	-51,357	-51,282	-64,234	-2,385
Interest Payable	950	625	610	675	675	325	0	0	0	0	0	0	0	0
Interest Receivable	2,989	214	70	413	412	224	108	293	286	262	274	248	139	26
Pre-Tax Profit	0	0	-22,961	-22,761	-17,870	6,814	3,445	-12,864	-3,464	4,253	-51,083	-51,034	-64,095	-2,359
Tax	0	0	0	0	0	-1,295	-689	0	0	-978	0	0	0	0
Profit After Tax	0	0	-22,961	-22,761	-17,870	5,519	2,756	-12,864	-3,464	3,275	-51,083	-51,034	-64,095	-2,359
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	-22,961	-22,761	-17,870	5,519	2,756	-12,864	-3,464	3,275	-51,083	-51,034	-64,095	-2,359
Employee Costs	50,544	48,324	46,079	45,506	43,932	41,811	41,879	41,556	41,548	40,993	39,954	39,526	38,440	0
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	0
EBITDA*	-2,039	411	-15,196	-11,035	-5,975	18,873	11,714	-8,570	-3,482	4,041	-51,299	-51,214	-64,154	-2,291

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	0	0	0	0	0	27,545	8,213	280	330	388	456	536
Intangible Assets	2,929	2,929	2,929	10,154	21,618	33,250	38,698	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,929	2,929	2,929	10,154	21,618	33,250	38,698	27,545	8,213	280	330	388	456	536
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	4,029	4,029	4,029	4,029	1,162	2,320	3,256	6,621	3,557	9,003	4,442	5,900	3,781	1,315
Group Debtors	0	0	0	0	0	2,041	8,518	0	0	0	0	0	0	0
Misc Debtors	7,610	7,610	7,610	1,806	365	104	104	931	0	0	0	0	0	0
Cash	85,410	85,410	85,410	55,432	54,700	55,206	34,369	52,233	65,063	49,287	55,449	54,320	44,948	10,564
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	97,049	97,049	97,049	61,267	56,227	59,671	46,247	59,785	68,620	58,290	59,891	60,220	48,729	11,879
total assets	99,978	99,978	99,978	71,421	77,845	92,921	84,945	87,330	76,833	58,570	60,221	60,608	49,185	12,415
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	68,178	68,178	68,178	34,177	29,475	6,950	29,543	40,719	245,580	223,853	228,779	178,083	115,626	14,655
Group/Directors Accounts	258,728	258,728	258,728	228,488	224,316	224,520	224,520	224,520	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	12,723	5,260	24,787	9,737	3,702	0	0	0	0	0	0
total current liabilities	326,906	326,906	326,906	275,388	259,051	256,257	263,800	268,941	245,580	223,853	228,779	178,083	115,626	14,655
loans	10,000	10,000	10,000	10,000	10,000	10,000	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	113
total long term liabilities	10,000	10,000	10,000	10,000	10,000	10,000	0	0	0	0	0	0	0	113
total liabilities	336,906	336,906	336,906	285,388	269,051	266,257	263,800	268,941	245,580	223,853	228,779	178,083	115,626	14,768
net assets	-236,928	-236,928	-236,928	-213,967	-191,206	-173,336	-178,855	-181,611	-168,747	-165,283	-168,558	-117,475	-66,441	-2,353
total shareholders funds	-236,928	-236,928	-236,928	-213,967	-191,206	-173,336	-178,855	-181,611	-168,747	-165,283	-168,558	-117,475	-66,441	-2,353

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-2,039	411	-22,421	-22,499	-17,607	6,915	3,337	-13,157	-3,750	3,991	-51,357	-51,282	-64,234	-2,385
Depreciation	0	0	0	0	0	0	8,377	4,587	268	50	58	68	80	94
Amortisation	0	0	7,225	11,464	11,632	11,958	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-1,295	-689	0	0	-978	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	5,804	4,308	-2,938	-7,413	4,326	3,995	-5,446	4,561	-1,458	2,119	2,466	1,315
Creditors	0	0	34,001	4,702	22,525	-22,593	-11,176	-204,861	21,727	-4,926	50,696	62,457	100,971	14,655
Accruals and Deferred Income	0	0	-12,723	7,463	-19,527	15,050	6,035	3,702	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-113	113
Cash flow from operations	-2,039	411	278	-3,178	-39	17,448	1,558	-213,724	23,691	-6,424	855	9,124	34,238	11,162
Investing Activities
capital expenditure	0	0	0	0	0	-6,510	-19,530	-23,919	-8,201	0	0	0	0	-630
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-6,510	-19,530	-23,919	-8,201	0	0	0	0	-630
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	30,240	4,172	-204	0	0	224,520	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	10,000	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	7	6
interest	2,039	-411	-540	-262	-263	-101	108	293	286	262	274	248	139	26
cash flow from financing	2,039	-411	29,700	3,910	-467	9,899	108	224,813	286	262	274	248	146	32
cash and cash equivalents
cash	0	0	29,978	732	-506	20,837	-17,864	-12,830	15,776	-6,162	1,129	9,372	34,384	10,564
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	29,978	732	-506	20,837	-17,864	-12,830	15,776	-6,162	1,129	9,372	34,384	10,564

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m r automotive ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in CM19 area or any other competitors across 12 key performance metrics.

M R AUTOMOTIVE LTD group structure

M R Automotive Ltd has no subsidiary companies.

Ultimate parent company

CORRELATION THREE HOLDINGS LTD

#0162789

AUTOPROTECT (MBI) LTD

05089293

2 parents

M R AUTOMOTIVE LTD

06381059

M R AUTOMOTIVE LTD Shareholders

autoprotect (mbi) ltd	53.85%
john garrett morter	15.38%
oliver rolf geirge bocking	15.38%
wendy jessica robinson	15.38%

M R Automotive Ltd currently has 2 directors. The longest serving directors include Mr Michael McVeigh (Dec 2009) and Mr Michael McVeigh (Dec 2009).

officer	country	age	start	end	role
Mr Michael McVeigh		53 years	Dec 2009	-	Director
Mr Michael McVeigh		53 years	Dec 2009	-	Director

P&L

December 2022

turnover

92.2k

operating profit

-2k

gross margin

17.4%

+10.38%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

-236.9k

total assets

100k

cash

85.4k

net assets

Total assets minus all liabilities

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company number

06381059

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 2007

accounts

Dormant

ultimate parent company

CORRELATION THREE HOLDINGS LTD

previous names

N/A

last accounts submitted

December 2022

address

warwick house roydon road, harlow, essex, CM19 5DY

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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m r automotive ltd Company Information

m r automotive ltd Estimated Valuation

m r automotive ltd Estimated Valuation

m r automotive ltd Estimated Valuation

M R Automotive Ltd Overview

M R Automotive Ltd Health Check

M R AUTOMOTIVE LTD financials

m r automotive ltd Credit Report and Business Information

M R Automotive Ltd Competitor Analysis

m r automotive ltd Ownership

m r automotive ltd directors

m r automotive ltd company details

m r automotive ltd Charges & Mortgages

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