Pomanda estimates the enterprise value of RIGHT CAR MOVE LIMITED at £518.9k based on a Turnover of £1.8m and 0.28x industry multiple (adjusted for size and gross margin).
right car move limitedEstimated Valuation
£202.2k
Pomanda estimates the enterprise value of RIGHT CAR MOVE LIMITED at £202.2k based on an EBITDA of £53.4k and a 3.79x industry multiple (adjusted for size and gross margin).
right car move limitedEstimated Valuation
£8.9k
Pomanda estimates the enterprise value of RIGHT CAR MOVE LIMITED at £8.9k based on Net Assets of £3.2k and 2.78x industry multiple (adjusted for liquidity).
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Right Car Move LimitedOverview
Right Car Move Limited is a live company located in chelmsford, CM3 8HD with a Companies House number of 06492114. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in February 2008, it's largest shareholder is
gail marie phillips
with a 50% stake. Right Car Move Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.8m with
declining
growth in recent years.
Pomanda's financial health check has awarded Right Car Move Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£2.8m)
£1.8m - Right Car Move Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (8.5%)
-23% - Right Car Move Limited
8.5% - Industry AVG
Production
with a gross margin of 9.2%, this company has a comparable cost of product (11.2%)
9.2% - Right Car Move Limited
11.2% - Industry AVG
Profitability
an operating margin of 2.8% make it as profitable than the average company (2.9%)
2.8% - Right Car Move Limited
2.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (8)
2 - Right Car Move Limited
8 - Industry AVG
Pay Structure
on an average salary of £13k, the company has a lower pay structure (£32.3k)
£13k - Right Car Move Limited
£32.3k - Industry AVG
Efficiency
resulting in sales per employee of £923.3k, this is more efficient (£468.5k)
£923.3k - Right Car Move Limited
£468.5k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (9 days)
1 days - Right Car Move Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (15 days)
56 days - Right Car Move Limited
15 days - Industry AVG
Stock Days
it holds stock equivalent to 120 days, this is more than average (66 days)
120 days - Right Car Move Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Right Car Move Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.5%, this is a higher level of debt than the average (69.3%)
99.5% - Right Car Move Limited
69.3% - Industry AVG
RIGHT CAR MOVE LIMITED financials
EXPORT
Right Car Move Limited's latest turnover from April 2023 is £1.8 million and the company has net assets of £3.2 thousand. According to their latest financial statements, Right Car Move Limited has 2 employees and maintains cash reserves of £7.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
1,846,638
1,141,053
7,573,817
4,064,990
4,747,649
9,669,406
5,087,640
1,752,698
1,390,093
1,109,429
620,824
444,422
351,566
313,717
Other Income Or Grants
Cost Of Sales
1,676,978
1,009,544
6,774,579
3,587,285
4,203,348
8,570,782
4,504,470
1,538,224
1,213,991
977,464
550,669
392,423
306,587
274,328
Gross Profit
169,660
131,509
799,238
477,705
544,301
1,098,624
583,170
214,474
176,101
131,965
70,155
51,999
44,979
39,388
Admin Expenses
117,731
127,529
741,310
527,413
541,318
1,098,054
583,500
226,992
161,014
125,866
45,614
80,215
33,159
42,718
Operating Profit
51,929
3,980
57,928
-49,708
2,983
570
-330
-12,518
15,087
6,099
24,541
-28,216
11,820
-3,330
Interest Payable
48,777
3,755
Interest Receivable
67
32
12
140
196
162
86
83
78
Pre-Tax Profit
3,219
257
57,928
-49,708
2,983
570
-318
-12,378
15,284
6,261
24,628
-28,133
11,899
-3,330
Tax
-340
-49
-11,006
-567
-108
-3,210
-1,440
-5,911
-3,332
Profit After Tax
2,879
208
46,922
-49,708
2,416
462
-318
-12,378
12,074
4,821
18,717
-28,133
8,567
-3,330
Dividends Paid
Retained Profit
2,879
208
46,922
-49,708
2,416
462
-318
-12,378
12,074
4,821
18,717
-28,133
8,567
-3,330
Employee Costs
25,964
63,969
57,767
57,858
115,905
116,161
112,007
110,610
105,722
76,154
50,813
49,851
24,564
27,169
Number Of Employees
2
2
2
2
4
4
4
4
4
3
2
2
1
1
EBITDA*
53,357
5,125
57,928
-49,708
2,983
570
-330
-12,473
15,132
6,148
25,115
-27,531
12,505
-2,670
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
4,283
3,436
4,345
858
1,143
643
338
45
90
139
533
1,218
1,903
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,283
3,436
4,345
858
1,143
643
338
45
90
139
533
1,218
1,903
Stock & work in progress
553,206
333,464
227,423
106,530
83,030
45,250
30,000
15,315
34,575
Trade Debtors
6,933
10,250
445,601
203,005
224,024
424,922
189,869
6,650
1,134
3,035
1,911
374
Group Debtors
Misc Debtors
14,741
40,556
18,916
Cash
7,887
8,436
9,417
46,488
32,056
32,639
1,930
31,397
misc current assets
total current assets
582,767
392,706
445,601
203,005
224,024
424,922
208,785
243,490
153,018
115,086
79,023
34,965
48,623
34,949
total assets
587,050
396,142
449,946
203,863
225,167
425,565
209,123
243,490
153,063
115,176
79,162
35,498
49,841
36,852
Bank overdraft
1,182
43,290
Bank loan
34,288
Trade Creditors
260,678
52,532
339,119
156,421
177,269
346,850
175,242
196,787
140,336
114,514
83,339
58,392
44,602
40,180
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
252,771
232,019
total current liabilities
548,919
327,841
339,119
156,421
177,269
346,850
175,242
196,787
140,336
114,514
83,339
58,392
44,602
40,180
loans
34,930
67,979
hp & lease commitments
Accruals and Deferred Income
other liabilities
110,715
94,252
45,000
78,233
33,861
46,363
provisions
9
18
total long term liabilities
34,930
67,979
110,715
94,252
45,000
78,233
33,861
46,363
9
18
total liabilities
583,849
395,820
449,834
250,673
222,269
425,083
209,103
243,150
140,345
114,532
83,339
58,392
44,602
40,180
net assets
3,201
322
112
-46,810
2,898
482
20
340
12,718
644
-4,177
-22,894
5,239
-3,328
total shareholders funds
3,201
322
112
-46,810
2,898
482
20
340
12,718
644
-4,177
-22,894
5,239
-3,328
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
51,929
3,980
57,928
-49,708
2,983
570
-330
-12,518
15,087
6,099
24,541
-28,216
11,820
-3,330
Depreciation
1,428
1,145
45
45
49
574
685
685
660
Amortisation
Tax
-340
-49
-11,006
-567
-108
-3,210
-1,440
-5,911
-3,332
Stock
219,742
333,464
-227,423
120,893
23,500
37,780
15,250
14,685
-19,260
34,575
Debtors
-29,132
-394,795
242,596
-21,019
-200,898
216,137
202,135
6,650
-1,134
-1,901
1,124
1,537
374
Creditors
208,146
-286,587
182,698
-20,848
-169,581
171,608
-21,545
56,451
25,822
31,175
24,947
13,790
4,422
40,180
Accruals and Deferred Income
20,752
232,019
Deferred Taxes & Provisions
-9
-9
18
Cash flow from operations
91,305
11,839
-12,976
-49,537
33,733
-44,067
3,413
-83,574
14,235
-745
30,802
-29,550
31,318
2,561
Investing Activities
capital expenditure
-2,275
-236
-3,487
285
-500
-305
-338
-180
-2,563
Change in Investments
cash flow from investments
-2,275
-236
-3,487
285
-500
-305
-338
-180
-2,563
Financing Activities
Bank loans
34,288
Group/Directors Accounts
Other Short Term Loans
Long term loans
-33,049
67,979
Hire Purchase and Lease Commitments
other long term liabilities
-110,715
16,463
49,252
-33,233
44,372
-12,502
46,363
share issue
2
-2
2
interest
-48,710
-3,723
12
140
196
162
86
83
78
cash flow from financing
-47,471
-46,457
16,463
49,252
-33,233
44,372
-12,492
46,503
196
162
86
83
78
2
cash and cash equivalents
cash
-549
8,436
-9,417
-37,071
14,432
-583
30,709
-29,467
31,397
overdraft
-42,108
43,290
change in cash
41,559
-34,854
-9,417
-37,071
14,432
-583
30,709
-29,467
31,397
right car move limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for right car move limited. Get real-time insights into right car move limited's credit score, group structure and payment trends.
Perform a competitor analysis for right car move limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CM3 area or any other competitors across 12 key performance metrics.
right car move limited Ownership
RIGHT CAR MOVE LIMITED group structure
Right Car Move Limited has no subsidiary companies.
Ultimate parent company
RIGHT CAR MOVE LIMITED
06492114
RIGHT CAR MOVE LIMITED Shareholders
The largest shareholders in Right Car Move Limited include Gail Marie Phillips and Andrew Trevor Phillips.
gail marie phillips
50%
andrew trevor phillips
50%
right car move limited directors
Right Car Move Limited currently has 1 director, Mr Andrew Phillips serving since Feb 2008.
45112 - Sale of used cars and light motor vehicles
incorporation date
February 2008
age
17
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
PUGH CLARKE & CO
auditor
-
address
hobbits hole, south hanningfield road, chelmsford, essex, CM3 8HD
Bank
-
Legal Advisor
-
right car move limited Charges & Mortgages
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.
We found 1 charges/mortgages relating to right car move limited. Currently there are 0 open charges and 1 have been satisfied in the past.
right car move limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for RIGHT CAR MOVE LIMITED. This can take several minutes, an email will notify you when this has completed.
right car move limitedCompanies House Filings - See Documents
