Worcester Carsales (holdings) Limited

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worcester carsales (holdings) limited Company Information

Live

EstablishedMegaHealthy

Company Number

06523178

Website

www.ludlowmotors.co.uk

Registered Address

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

Industry

Activities of head offices

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

Telephone

01584876444

Next Accounts Due

September 2024

Group Structure

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Directors

Frances Grieveson14 Years

Stuart Grieveson14 Years

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Shareholders

stuart grieveson 74.1%

frances grieveson 9.9%

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worcester carsales (holdings) limited Estimated Valuation

£512.4m

Pomanda estimates the enterprise value of WORCESTER CARSALES (HOLDINGS) LIMITED at £512.4m based on a Turnover of £132.8m and 3.86x 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 £132.8m with healthy 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 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £132.8m, make it larger than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.2%)

EXPORT

Worcester Carsales (Holdings) Limited's latest turnover from December 2022 is £132.8 million and the company has net assets of £27.6 million. According to their latest financial statements, Worcester Carsales (Holdings) Limited has 303 employees and maintains cash reserves of £3.8 million 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	Mar 2010
Turnover	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	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	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	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	2,663,324	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	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	5,224	960	1,265	1,105	0	0	0	3,738	4,340	1,851	2,657	0	0	0
Pre-Tax Profit	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	-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	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	0	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	0
Retained Profit	2,062,577	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	9,284,337	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	303	269	302	330	290	282	281	280	263	243	235	236	231	231
EBITDA*	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 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	12,605,385	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	712,500	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	909,681	906,949	906,949	906,949	612,393	608,148	201,013	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	14,227,566	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	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	760,231	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	578,995	1,500,000	0	0	0	0	0	0	868,567	0	0	0	0	0
Misc Debtors	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	3,774,518	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	27,586,753	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	41,814,319	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	0	0	0	0	0	0	0	0	0	0	0	0	556,778	1,005,354
Bank loan	0	0	0	0	89,764	120,043	0	0	0	265,354	267,354	267,354	267,354	267,354
Trade Creditors	8,499,173	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	880,523	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	870,340	169,609	631,969	663,452	386,870	230,205	265,354	962,400	393,031	0	0	0	1,415,152	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,925,354	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	14,175,390	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	0	0	0	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	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	0
total long term liabilities	0	0	0	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	14,175,390	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	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	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 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	2,663,324	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	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	37,500	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-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	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	-95,232	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	351,148	-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	-790,083	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,471,280	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	0	0	0	0	102,810	112,954	469,193	1,072	-729,648	-155,456	-430,401	-72,041	-78,145	0
Change in Investments	2,732	0	0	294,556	4,245	407,135	201,013	0	0	0	0	0	0	0
cash flow from investments	-2,732	0	0	-294,556	98,565	-294,181	268,180	1,072	-729,648	-155,456	-430,401	-72,041	-78,145	0
Financing Activities
Bank loans	0	0	0	-89,764	-30,279	120,043	0	0	-265,354	-2,000	0	0	267,354	267,354
Group/Directors Accounts	-983,680	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	700,731	-462,360	-31,483	276,582	156,665	-35,149	-697,046	569,369	393,031	0	0	-1,415,152	1,415,152	0
Long term loans	0	0	-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	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	-130,000	2,320,084	0	-1	0	0	1	0	1	0	0	0	6,566,428	6,228,322
interest	-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	-537,159	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	-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	0	0	0	0	0	0	0	0	0	0	0	-556,778	556,778	1,005,354
change in cash	-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%
stephen grieveson	5%
alexandra grieveson	5%
oliver 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	68 years	Jan 2010	-	Director
Mr Stuart Grieveson	United Kingdom	70 years	Jan 2010	-	Director
Miss Alexandra Grieveson		42 years	Jun 2011	-	Director
Mr Oliver Grieveson	United Kingdom	36 years	May 2018	-	Director
Mr Stephen Grieveson	United Kingdom	38 years	Mar 2019	-	Director

P&L

December 2022

turnover

132.8m

+32%

operating profit

2.7m

-20%

gross margin

11.2%

-20.15%

turnover

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

Balance Sheet

December 2022

net assets

27.6m

+0.08%

total assets

41.8m

+0.03%

cash

3.8m

-0.42%

net assets

Total assets minus all liabilities

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company number

06523178

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

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

incorporation date

March 2008

age

accounts

Group

ultimate parent company

None

previous names

mfg company formations 72 limited (March 2009)

incorporated

address

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

last accounts submitted

December 2022

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 4 open charges and 3 have been satisfied in the past.

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 Companies House Filings - See Documents