24 Hours Crayford Cars Ltd

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24 hours crayford cars ltd Company Information

Live

EstablishedSmallRapid

Company Number

06558121

Website

https://24hourscrayfordcars.co.uk

Registered Address

26 station road, crayford, dartford, DA1 3QA

Industry

Taxi operation

Telephone

01322555452

Next Accounts Due

December 2024

Group Structure

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Directors

Mohammed Sarwari15 Years

Shareholders

mohammed nader sarwari 100%

24 hours crayford cars ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of 24 HOURS CRAYFORD CARS LTD at £1.2m based on a Turnover of £3.3m and 0.35x industry multiple (adjusted for size and gross margin).

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24 Hours Crayford Cars Ltd AI Business Plan

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24 Hours Crayford Cars Ltd is a live company located in dartford, DA1 3QA with a Companies House number of 06558121. It operates in the taxi operation sector, SIC Code 49320. Founded in April 2008, it's largest shareholder is mohammed nader sarwari with a 100% stake. 24 Hours Crayford Cars Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded 24 Hours Crayford Cars Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

1 Weak

Size

annual sales of £3.3m, make it larger than the average company (£352.4k)

Growth

3 year (CAGR) sales growth of 73%, show it is growing at a faster rate (3.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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24 HOURS CRAYFORD CARS LTD group structure

24 Hours Crayford Cars Ltd has no subsidiary companies.

Ultimate parent company

24 HOURS CRAYFORD CARS LTD

06558121

24 HOURS CRAYFORD CARS LTD Shareholders

mohammed nader sarwari

100%

24 Hours Crayford Cars Ltd currently has 1 director, Mr Mohammed Sarwari serving since Apr 2009.

officer	country	age	start	end	role
Mr Mohammed Sarwari	England	50 years	Apr 2009	-	Director

EXPORT

24 Hours Crayford Cars Ltd's latest turnover from March 2023 is estimated at £3.3 million and the company has net assets of £297.4 thousand. According to their latest financial statements, 24 Hours Crayford Cars Ltd has 45 employees and maintains cash reserves of £190.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,339,431	2,466,326	1,628,427	645,623	1,440,821	2,513,404	2,199,052	510,997	259,295	447,909	537,048	294,500	264,512	105,166
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,724,244	1,318,742	912,809	317,139	783,597	1,180,146	1,013,647	245,767	133,765	234,046	294,449	145,271	127,993	54,619
Gross Profit	1,615,186	1,147,584	715,619	328,484	657,224	1,333,258	263,451	206,844	125,530	213,863	242,599	149,230	136,519	50,546
Admin Expenses	1,572,976	1,042,220	526,494	266,092	643,983	1,347,736	287,090	122,137	136,502	202,914	265,353	135,363	171,575	66,047
Operating Profit	42,210	105,364	189,125	62,392	13,241	-14,478	-23,639	84,707	-10,972	10,949	-22,754	13,867	-35,056	-15,501
Interest Payable	3,706	3,092	1,525	0	0	702	1	2,314	0	0	0	0	0	0
Interest Receivable	6,768	1,684	198	38	39	26	4	11	44	10	8	7	5	3
Pre-Tax Profit	45,272	103,956	187,799	62,430	13,280	-15,154	-24,224	67,937	-10,928	10,960	-22,746	13,874	-35,051	-15,498
Tax	-8,602	-19,752	-35,682	-11,862	-2,523	0	0	0	0	-2,521	0	-3,607	0	0
Profit After Tax	36,670	84,204	152,117	50,568	10,757	-15,154	-24,224	67,937	-10,928	8,439	-22,746	10,267	-35,051	-15,498
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	36,670	84,204	152,117	50,568	10,757	-15,154	-24,224	67,937	-10,928	8,439	-22,746	10,267	-35,051	-15,498
Employee Costs	1,050,480	899,283	614,484	514,161	415,360	674,684	655,968	373,748	97,578	176,452	181,975	106,043	95,395	54,865
Number Of Employees	45	34	27	25	22	36	34	20	4	7	8	5	5	2
EBITDA*	45,188	111,682	201,971	73,581	13,241	49,041	22,100	119,761	-9,222	12,699	-21,004	15,617	-35,056	-15,501

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	95,100	98,078	98,958	100,705	111,894	111,894	98,861	87,702	25,951	1,750	3,500	5,250	0	0
Intangible Assets	0	0	0	0	0	0	0	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	95,100	98,078	98,958	100,705	111,894	111,894	98,861	87,702	25,951	1,750	3,500	5,250	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	130,421	0	0	353	1,827	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	244,223	500	0	0	4,891	4,891	0	0	0	0	0	0	0
Cash	190,517	127,963	321,173	75,593	0	10,368	0	71,684	14,192	3,289	883	2,245	651	1,205
misc current assets	221,000	2	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	411,517	372,188	321,673	75,593	130,421	15,259	4,891	72,037	16,019	3,289	883	2,245	651	1,205
total assets	506,617	470,266	420,631	176,298	242,315	127,153	103,752	159,739	41,970	5,039	4,383	7,495	651	1,205
Bank overdraft	30,678	0	0	0	0	0	21,598	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	0	0	0	2	268,517	0	0	152,278	107,485	59,626	67,409	47,775	51,198	16,701
Group/Directors Accounts	0	0	0	86,745	0	78,938	6,350	0	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	12,513	49,859	0	0	0	0	0	0	0
other current liabilities	173,142	162,512	148,634	65,183	0	72,659	47,748	0	0	0	0	0	0	0
total current liabilities	203,820	162,512	148,634	151,930	268,517	164,110	125,555	152,278	107,485	59,626	67,409	47,775	51,198	16,701
loans	0	41,627	50,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	5,040	0	0	0	0	0	0
other liabilities	5,438	5,438	45,512	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	5,438	47,065	95,512	0	0	0	0	5,040	0	0	0	0	0	0
total liabilities	209,258	209,577	244,146	151,930	268,517	164,110	125,555	157,318	107,485	59,626	67,409	47,775	51,198	16,701
net assets	297,359	260,689	176,485	24,368	-26,202	-36,957	-21,803	2,421	-65,515	-54,587	-63,026	-40,280	-50,547	-15,496
total shareholders funds	297,359	260,689	176,485	24,368	-26,202	-36,957	-21,803	2,421	-65,515	-54,587	-63,026	-40,280	-50,547	-15,496

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	42,210	105,364	189,125	62,392	13,241	-14,478	-23,639	84,707	-10,972	10,949	-22,754	13,867	-35,056	-15,501
Depreciation	2,978	6,318	12,846	11,189	0	63,519	45,739	35,054	1,750	1,750	1,750	1,750	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,602	-19,752	-35,682	-11,862	-2,523	0	0	0	0	-2,521	0	-3,607	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-244,223	243,723	500	-130,421	125,530	0	4,538	-1,474	1,827	0	0	0	0	0
Creditors	0	0	-2	-268,515	268,517	0	-152,278	44,793	47,859	-7,783	19,634	-3,423	34,497	16,701
Accruals and Deferred Income	10,630	13,878	83,451	65,183	-72,659	24,911	42,708	5,040	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	291,439	-137,915	249,238	-11,192	81,046	73,952	-92,008	171,068	36,810	2,395	-1,370	8,587	-559	1,200
Investing Activities
capital expenditure	0	-5,438	-11,099	0	0	-76,552	-56,898	-96,805	-25,951	0	0	-7,000	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-5,438	-11,099	0	0	-76,552	-56,898	-96,805	-25,951	0	0	-7,000	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-86,745	86,745	-78,938	72,588	6,350	0	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	-41,627	-8,373	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-12,513	-37,346	49,859	0	0	0	0	0	0	0
other long term liabilities	0	-40,074	45,512	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	2	-2	0	0	-1	0	0	0	0	0	2
interest	3,062	-1,408	-1,327	38	39	-676	3	-2,303	44	10	8	7	5	3
cash flow from financing	-38,565	-49,855	7,440	86,785	-91,414	34,566	56,212	-2,304	44	10	8	7	5	5
cash and cash equivalents
cash	62,554	-193,210	245,580	75,593	-10,368	10,368	-71,684	57,492	10,903	2,406	-1,362	1,594	-554	1,205
overdraft	30,678	0	0	0	0	-21,598	21,598	0	0	0	0	0	0	0
change in cash	31,876	-193,210	245,580	75,593	-10,368	31,966	-93,282	57,492	10,903	2,406	-1,362	1,594	-554	1,205

P&L

March 2023

turnover

3.3m

+35%

operating profit

42.2k

gross margin

48.4%

+3.95%

turnover

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

Balance Sheet

March 2023

net assets

297.4k

+0.14%

total assets

506.6k

+0.08%

cash

190.5k

+0.49%

net assets

Total assets minus all liabilities

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company number

06558121

Type

Private limited with Share Capital

industry

49320 - Taxi operation

incorporation date

April 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

all time cars limited (June 2008)

incorporated

address

26 station road, crayford, dartford, DA1 3QA

last accounts submitted

March 2023

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 3 charges/mortgages relating to 24 hours crayford cars ltd. Currently there are 3 open charges and 0 have been satisfied in the past.

24 hours crayford cars ltd Company Information

24 hours crayford cars ltd Estimated Valuation

24 hours crayford cars ltd Estimated Valuation

24 hours crayford cars ltd Estimated Valuation

24 Hours Crayford Cars Ltd AI Business Plan

24 Hours Crayford Cars Ltd Overview

24 Hours Crayford Cars Ltd Health Check

24 hours crayford cars ltd Credit Report and Business Information

24 Hours Crayford Cars Ltd Competitor Analysis

24 hours crayford cars ltd Ownership

24 hours crayford cars ltd directors

24 HOURS CRAYFORD CARS LTD financials

24 hours crayford cars ltd company details

24 hours crayford cars ltd Charges & Mortgages

24 hours crayford cars ltd Companies House Filings - See Documents