Worcester Carsales (holdings) Limited

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worcester carsales (holdings) limited Company Information

Company Number

06523178

Next Accounts

Sep 2025

Directors

Frances Grieveson

Stuart Grieveson

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Shareholders

stuart grieveson

frances grieveson

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Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

t wall garages high street, pensnett, kingswinford, west midlands, DY6 8XB

Website

www.ludlowmotors.co.uk

worcester carsales (holdings) limited Estimated Valuation

£437m

Pomanda estimates the enterprise value of WORCESTER CARSALES (HOLDINGS) LIMITED at £437m based on a Turnover of £163.9m and 2.67x industry multiple (adjusted for size and gross margin).

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Worcester Carsales (holdings) Limited is a live company located in kingswinford, DY6 8XB with a Companies House number of 06523178. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2008, it's largest shareholder is stuart grieveson with a 74.1% stake. Worcester Carsales (holdings) Limited is a established, mega sized company, Pomanda has estimated its turnover at £163.9m with high growth in recent years.

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Pomanda's financial health check has awarded Worcester Carsales (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £163.9m, make it larger than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.5%)

EXPORT

Worcester Carsales (Holdings) Limited's latest turnover from December 2023 is £163.9 million and the company has net assets of £28.6 million. According to their latest financial statements, Worcester Carsales (Holdings) Limited has 349 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	Mar 2010
Turnover	163,870,080	132,811,094	100,385,440	81,259,837	106,556,518	94,402,101	87,157,929	87,737,514	80,840,789	76,770,924	71,764,166	62,399,089	59,105,836	40,904,312	8,495,255
Other Income Or Grants
Cost Of Sales	145,554,161	117,953,216	86,321,121	69,963,369	91,818,053	81,554,072	75,287,390	75,993,826	69,825,784	66,243,825	61,695,264	53,505,249	51,210,479	34,880,508	7,547,554
Gross Profit	18,315,919	14,857,878	14,064,319	11,296,468	14,738,465	12,848,029	11,870,539	11,743,688	11,015,005	10,527,099	10,068,902	8,893,840	7,895,357	6,023,804	947,701
Admin Expenses	16,171,879	12,194,554	10,747,681	9,352,770	12,096,383	10,708,493	10,000,346	9,773,149	9,025,062	9,624,136	7,726,119	7,143,650	6,369,277	5,129,730	414,861
Operating Profit	2,144,040	2,663,324	3,316,638	1,943,698	2,642,082	2,139,536	1,870,193	1,970,539	1,989,943	902,963	2,342,783	1,750,190	1,526,080	894,074	532,840
Interest Payable	352,636	129,434	82,594	115,014	115,357	115,806	100,520	131,671	127,311	125,508	146,518	146,698	165,272	131,728	13,196
Interest Receivable	89,268	5,224	960	1,265	1,105				3,738	4,340	1,851	2,657
Pre-Tax Profit	1,900,952	2,539,114	3,235,004	1,829,949	2,540,752	2,027,632	2,113,077	1,839,576	1,866,370	1,781,795	2,198,116	1,606,149	1,360,808	762,346	352,004
Tax	-773,649	-476,537	-621,663	-390,000	-473,250	-393,560	-359,859	-377,806	-333,602	-293,280	-479,887	-339,378	-369,453	-349,997	-13,898
Profit After Tax	1,127,303	2,062,577	2,613,341	1,439,949	2,067,502	1,634,072	1,753,218	1,461,770	1,532,768	1,488,515	1,718,229	1,266,771	991,355	412,349	338,106
Dividends Paid	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000
Retained Profit	997,303	1,932,577	2,483,341	1,309,949	1,937,502	1,504,072	1,623,218	1,331,770	1,402,768	1,358,515	1,588,229	1,136,771	861,355	282,349	338,106
Employee Costs	11,962,032	9,284,336	8,518,751	9,157,292	8,914,725	7,690,740	7,232,731	7,331,995	6,463,619	6,370,128	6,850,474	6,447,796	5,738,376	4,075,964	452,885
Number Of Employees	349	303	269	302	330	290	282	281	280	263	243	235	236	231	231
EBITDA*	2,490,920	3,021,999	3,611,034	2,268,832	2,993,395	2,478,241	2,182,631	2,275,079	2,243,467	1,063,292	2,465,707	1,904,095	1,716,434	1,017,200	552,419

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	Mar 2010
Tangible Assets	12,964,089	12,537,884	10,001,022	7,698,754	7,550,473	7,591,971	7,178,473	7,282,967	7,307,408	7,078,150	6,603,414	6,572,157	6,294,947	6,412,878	6,449,889
Intangible Assets	694,875	780,000
Investments & Other	810,000	909,681	906,949	906,949	906,949	612,393	608,148	201,013
Debtors (Due After 1 year)
Total Fixed Assets	14,468,964	14,227,565	10,907,971	8,605,703	8,457,422	8,204,364	7,786,621	7,483,980	7,307,408	7,078,150	6,603,414	6,572,157	6,294,947	6,412,878	6,449,889
Stock & work in progress	27,942,480	21,404,809	20,674,330	19,547,807	18,254,411	16,563,089	16,499,377	15,725,940	13,978,292	12,744,687	12,199,415	9,915,914	9,066,652	8,872,339	9,253,322
Trade Debtors	2,439,097	760,232	357,019	517,471	464,022	645,260	591,043	593,321	623,308	540,675	524,161	558,990	522,715	673,432	1,455,789
Group Debtors			1,500,000							868,567
Misc Debtors	1,321,014	1,068,200	645,639	997,954	962,297	660,480	854,495	847,139	754,448	1,186,661	430,074	441,154	768,026	566,323	1,015,786
Cash	3,242,980	3,774,518	6,518,667	4,165,611	3,187,004	1,266,524	681,611	1,880,192	1,917,358	1,173,535	494,543	947,497	492,828	3,195	3,187
misc current assets
total current assets	34,945,571	27,007,759	29,695,655	25,228,843	22,867,734	19,135,353	18,626,526	19,046,592	17,273,406	16,514,125	13,648,193	11,863,555	10,850,221	10,115,289	11,728,084
total assets	49,414,535	41,235,324	40,603,626	33,834,546	31,325,156	27,339,717	26,413,147	26,530,572	24,580,814	23,592,275	20,251,607	18,435,712	17,145,168	16,528,167	18,177,973
Bank overdraft														556,778	1,005,354
Bank loan						89,764	120,043				265,354	267,354	267,354	267,354	267,354
Trade Creditors	17,231,786	9,369,513	8,148,025	8,315,142	6,991,642	5,426,270	6,201,261	6,895,805	6,045,708	4,497,783	4,253,223	3,523,714	3,262,137	2,454,669	3,083,673
Group/Directors Accounts			1,864,203	166,326	103,694	104,081	28,967	226,616	280,656	868,567	26,688	285,167	680,041	852,014	1,245,461
other short term finances			169,609	631,969	663,452	386,870	230,205	265,354	962,400	393,031				1,415,152
hp & lease commitments
other current liabilities	3,236,492	4,226,882	4,715,437	3,818,182	3,693,296	3,305,787	3,216,937	4,008,014	3,206,413	4,872,429	3,831,115	3,805,749	3,254,706	1,902,660	3,586,965
total current liabilities	20,468,278	13,596,395	14,897,274	12,931,619	11,452,084	9,312,772	9,797,413	11,395,789	10,495,177	10,631,810	8,376,380	7,881,984	7,464,238	7,448,627	9,188,807
loans					280,094	371,468	464,329	606,596	889,221	1,166,817	1,440,095	1,706,825	1,970,798	2,230,763	2,422,738
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	310,025
total long term liabilities	310,025				280,094	371,468	464,329	606,596	889,221	1,166,817	1,440,095	1,706,825	1,970,798	2,230,763	2,422,738
total liabilities	20,778,303	13,596,395	14,897,274	12,931,619	11,732,178	9,684,240	10,261,742	12,002,385	11,384,398	11,798,627	9,816,475	9,588,809	9,435,036	9,679,390	11,611,545
net assets	28,636,232	27,638,929	25,706,352	20,902,927	19,592,978	17,655,477	16,151,405	14,528,187	13,196,416	11,793,648	10,435,132	8,846,903	7,710,132	6,848,777	6,566,428
total shareholders funds	28,636,232	27,638,929	25,706,352	20,902,927	19,592,978	17,655,477	16,151,405	14,528,187	13,196,416	11,793,648	10,435,132	8,846,903	7,710,132	6,848,777	6,566,428

	Dec 2023	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	Mar 2010
Operating Activities
Operating Profit	2,144,040	2,663,324	3,316,638	1,943,698	2,642,082	2,139,536	1,870,193	1,970,539	1,989,943	902,963	2,342,783	1,750,190	1,526,080	894,074	532,840
Depreciation	261,755	321,175	294,396	325,134	351,313	338,705	312,438	304,540	253,524	160,329	122,924	153,905	190,354	123,126	19,579
Amortisation	85,125	37,500
Tax	-773,649	-476,537	-621,663	-390,000	-473,250	-393,560	-359,859	-377,806	-333,602	-293,280	-479,887	-339,378	-369,453	-349,997	-13,898
Stock	6,537,671	730,479	1,126,523	1,293,396	1,691,322	63,712	773,437	1,747,648	1,233,605	545,272	2,283,501	849,262	194,313	8,872,339	9,253,322
Debtors	1,931,679	-674,226	987,233	89,106	120,579	-139,798	5,078	62,704	-1,218,147	1,641,668	-45,909	-290,597	50,986	1,239,755	2,471,575
Creditors	7,862,273	1,221,488	-167,117	1,323,500	1,565,372	-774,991	-694,544	850,097	1,547,925	244,560	729,509	261,577	807,468	2,454,669	3,083,673
Accruals and Deferred Income	-990,390	-488,555	897,255	124,886	387,509	88,850	-791,077	801,601	-1,666,016	1,041,314	25,366	551,043	1,352,046	1,902,660	3,586,965
Deferred Taxes & Provisions	310,025
Cash flow from operations	429,829	3,222,142	1,605,753	1,944,716	2,661,125	1,474,626	-441,364	1,738,619	1,776,316	-131,054	503,103	1,818,672	3,261,196	-5,087,562	-4,515,738
Investing Activities
capital expenditure						102,810	112,954	469,193	1,072	-729,648	-155,456	-430,401	-72,041	-78,145
Change in Investments	-99,681	2,732			294,556	4,245	407,135	201,013
cash flow from investments	99,681	-2,732			-294,556	98,565	-294,181	268,180	1,072	-729,648	-155,456	-430,401	-72,041	-78,145
Financing Activities
Bank loans					-89,764	-30,279	120,043			-265,354	-2,000			267,354	267,354
Group/Directors Accounts		-1,864,203	1,697,877	62,632	-387	75,114	-197,649	-54,040	-587,911	841,879	-258,479	-394,874	-171,973	852,014	1,245,461
Other Short Term Loans		-169,609	-462,360	-31,483	276,582	156,665	-35,149	-697,046	569,369	393,031			-1,415,152	1,415,152
Long term loans				-280,094	-91,374	-92,861	-142,267	-282,625	-277,596	-273,278	-266,730	-263,973	-259,965	2,230,763	2,422,738
Hire Purchase and Lease Commitments
other long term liabilities
share issue			2,320,084		-1			1		1				6,566,428	6,228,322
interest	-263,368	-124,210	-81,634	-113,749	-114,252	-115,806	-100,520	-131,671	-123,573	-121,168	-144,667	-144,041	-165,272	-131,728	-13,196
cash flow from financing	-263,368	-2,158,022	3,473,967	-362,694	-19,196	-7,167	-355,542	-1,165,381	-419,711	575,111	-671,876	-802,888	-2,012,362	11,199,983	10,150,679
cash and cash equivalents
cash	-531,538	-2,744,149	2,353,056	978,607	1,920,480	584,913	-1,198,581	-37,166	743,823	678,992	-452,954	454,669	489,633	3,195	3,187
overdraft													-556,778	556,778	1,005,354
change in cash	-531,538	-2,744,149	2,353,056	978,607	1,920,480	584,913	-1,198,581	-37,166	743,823	678,992	-452,954	454,669	1,046,411	-553,583	-1,002,167

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WORCESTER CARSALES (HOLDINGS) LIMITED group structure

Worcester Carsales (Holdings) Limited has 1 subsidiary company.

Ultimate parent company

WORCESTER CARSALES (HOLDINGS) LIMITED

06523178

1 subsidiary

WORCESTER CARSALES LIMITED

00595935

WORCESTER CARSALES (HOLDINGS) LIMITED Shareholders

stuart grieveson	74.11%
frances grieveson	9.89%
oliver grieveson	5%
stephen grieveson	5%
alexandra grieveson	5%
no 1 grieveson discretionary trust	0.28%
no.1 grieveson discretionary trust	0.28%
no 2 grieveson discretionary trust	0.22%
no.2 grieveson discretionary trust	0.22%

Worcester Carsales (Holdings) Limited currently has 5 directors. The longest serving directors include Mrs Frances Grieveson (Jan 2010) and Mr Stuart Grieveson (Jan 2010).

officer	country	age	start	end	role
Mrs Frances Grieveson	United Kingdom	69 years	Jan 2010	-	Director
Mr Stuart Grieveson	United Kingdom	71 years	Jan 2010	-	Director
Miss Alexandra Grieveson		43 years	Jun 2011	-	Director
Mr Oliver Grieveson	United Kingdom	37 years	May 2018	-	Director
Mr Stephen Grieveson	United Kingdom	38 years	Mar 2019	-	Director

P&L

December 2023

turnover

163.9m

+23%

operating profit

2.1m

-19%

gross margin

11.2%

-0.09%

turnover

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

Balance Sheet

December 2023

net assets

28.6m

+0.04%

total assets

49.4m

+0.2%

cash

3.2m

-0.14%

net assets

Total assets minus all liabilities

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company number

06523178

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

70100 - Activities of head offices

incorporation date

March 2008

ultimate parent company

None

previous names

mfg company formations 72 limited (March 2009)

address

t wall garages high street, pensnett, kingswinford, west midlands, DY6 8XB

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 7 charges/mortgages relating to worcester carsales (holdings) limited. Currently there are 2 open charges and 5 have been satisfied in the past.

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.

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worcester carsales (holdings) limited Company Information

worcester carsales (holdings) limited Estimated Valuation

worcester carsales (holdings) limited Estimated Valuation

worcester carsales (holdings) limited Estimated Valuation

Worcester Carsales (holdings) Limited Overview

Worcester Carsales (holdings) Limited Health Check

WORCESTER CARSALES (HOLDINGS) LIMITED financials

worcester carsales (holdings) limited Credit Report and Business Information

Worcester Carsales (holdings) Limited Competitor Analysis

worcester carsales (holdings) limited Ownership

worcester carsales (holdings) limited directors

worcester carsales (holdings) limited company details

worcester carsales (holdings) limited Charges & Mortgages

worcester carsales (holdings) limited Capital Raised & Share Issues BETA

worcester carsales (holdings) limited Companies House Filings - See Documents