Lae Vehicle Rental Limited

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lae vehicle rental limited Company Information

Live

EstablishedSmallDeclining

Company Number

06686135

Website

www.laevehiclerental.co.uk

Registered Address

23-27 bolton street, chorley, lancashire, PR7 3AA

Industry

Renting and leasing of cars and light motor vehicles

Telephone

01695722833

Next Accounts Due

June 2024

Group Structure

View All

Directors

Ian Ellison1 Years

Shareholders

ian ellison 100%

lae vehicle rental limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of LAE VEHICLE RENTAL LIMITED at £2.3m based on Net Assets of £1.1m and 2.15x industry multiple (adjusted for liquidity).

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Lae Vehicle Rental Limited is a live company located in lancashire, PR7 3AA with a Companies House number of 06686135. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in September 2008, it's largest shareholder is ian ellison with a 100% stake. Lae Vehicle Rental Limited is a established, small sized company, Pomanda has estimated its turnover at £3.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Lae Vehicle Rental Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £3.6m, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LAE VEHICLE RENTAL LIMITED group structure

Lae Vehicle Rental Limited has no subsidiary companies.

Ultimate parent company

LAE VEHICLE RENTAL LIMITED

06686135

LAE VEHICLE RENTAL LIMITED Shareholders

ian ellison

100%

Lae Vehicle Rental Limited currently has 1 director, Mr Ian Ellison serving since Apr 2023.

officer	country	age	start	end	role
Mr Ian Ellison	England	65 years	Apr 2023	-	Director

EXPORT

Lae Vehicle Rental Limited's latest turnover from September 2022 is estimated at £3.6 million and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that Lae Vehicle Rental Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,649,220	3,981,406	2,471,631	3,765,618	4,144,325	4,045,564	9,733,272	2,292,771	2,460,544	1,986,661	2,108,464	2,071,915	946,365	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,996,846	3,439,085	2,103,703	3,109,253	3,380,071	3,282,142	7,824,294	1,878,641	2,042,422	1,622,286	1,727,426	1,675,129	757,087	0
Gross Profit	652,374	542,321	367,928	656,365	764,253	763,421	1,908,978	414,130	418,122	364,375	381,038	396,786	189,278	0
Admin Expenses	652,373	290,255	352,680	665,514	720,189	290,579	2,160,200	287,144	294,724	211,850	258,286	15,722	203,146	720
Operating Profit	1	252,066	15,248	-9,149	44,064	472,842	-251,222	126,986	123,398	152,525	122,752	381,064	-13,868	-720
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	33	35	73	159	37	13	26	16	45	211	231	245	190
Pre-Tax Profit	1	252,099	15,283	-9,076	44,222	472,879	-251,209	127,013	123,414	152,570	122,963	381,295	-13,623	-530
Tax	0	-47,899	-2,904	0	-8,402	-89,847	0	-25,402	-25,917	-35,091	-29,511	-99,137	0	0
Profit After Tax	1	204,200	12,379	-9,076	35,820	383,032	-251,209	101,610	97,497	117,479	93,452	282,158	-13,623	-530
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1	204,200	12,379	-9,076	35,820	383,032	-251,209	101,610	97,497	117,479	93,452	282,158	-13,623	-530
Employee Costs	238,682	235,608	335,564	340,000	284,755	305,049	707,394	128,021	126,661	88,554	117,836	88,291	61,871	0
Number Of Employees	6	7	10	10	9	9	21	4	4	3	4	3	2	0
EBITDA*	1	252,066	15,248	-9,149	44,064	1,094,612	-251,222	126,986	123,398	152,525	122,752	381,064	-12,268	-720

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	3,023,195	3,023,195	2,969,410	2,865,397	2,683,820	2,327,569	2,601,749	2,407,216	2,135,884	1,745,578	1,425,590	909,170	375,555	8,255
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	212,071	0	0	334,955	0	0	0	0	0	0	0
Total Fixed Assets	3,023,195	3,023,195	2,969,410	3,077,468	2,683,820	2,327,569	2,936,704	2,407,216	2,135,884	1,745,578	1,425,590	909,170	375,555	8,255
Stock & work in progress	0	0	325,000	320,000	190,000	156,000	0	0	0	0	0	0	51,344	279,630
Trade Debtors	908,407	908,407	229,886	6,312	230,516	247,637	0	237,743	170,456	172,379	125,580	204,020	33,332	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	65,417	4,181	15,275	27,051	2,562	7,996	2,588	3,729	14,202	70,331	21,947	75,971
misc current assets	0	0	0	0	0	0	0	199	0	0	0	0	0	0
total current assets	908,407	908,407	620,303	330,493	435,791	430,688	2,562	245,938	173,044	176,108	139,782	274,351	106,623	355,601
total assets	3,931,602	3,931,602	3,589,713	3,407,961	3,119,611	2,758,257	2,939,266	2,653,154	2,308,928	1,921,686	1,565,372	1,183,521	482,178	363,856
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	996,984	996,984	859,295	2,571,350	2,266,574	1,948,390	2,460,713	1,056,736	1,422,776	1,133,031	1,152,196	905,270	496,330	364,385
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	93,371	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	515,285	0	0	0	0	0	0
total current liabilities	996,984	996,984	859,295	2,571,350	2,266,574	1,948,390	2,460,713	1,665,392	1,422,776	1,133,031	1,152,196	905,270	496,330	364,385
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	309,718	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	1,881,428	1,881,428	1,881,428	0	7,350	0	51,718	0	309,718	309,718	51,718	10,245	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,881,428	1,881,428	1,881,428	0	7,350	0	51,718	309,718	309,718	309,718	51,718	10,245	0	0
total liabilities	2,878,412	2,878,412	2,740,723	2,571,350	2,273,924	1,948,390	2,512,431	1,975,110	1,732,494	1,442,749	1,203,914	915,515	496,330	364,385
net assets	1,053,190	1,053,190	848,990	836,611	845,687	809,867	426,835	678,044	576,434	478,937	361,458	268,006	-14,152	-529
total shareholders funds	1,053,190	1,053,190	848,990	836,611	845,687	809,867	426,835	678,044	576,434	478,937	361,458	268,006	-14,152	-529

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	1	252,066	15,248	-9,149	44,064	472,842	-251,222	126,986	123,398	152,525	122,752	381,064	-13,868	-720
Depreciation	0	0	0	0	0	621,770	0	0	0	0	0	0	1,600	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-47,899	-2,904	0	-8,402	-89,847	0	-25,402	-25,917	-35,091	-29,511	-99,137	0	0
Stock	0	-325,000	5,000	130,000	34,000	156,000	0	0	0	0	0	-51,344	-228,286	279,630
Debtors	0	678,521	11,503	-12,133	-17,121	-87,318	97,212	67,287	-1,923	46,799	-78,440	170,688	33,332	0
Creditors	0	137,689	-1,712,055	304,776	318,184	-512,323	1,403,977	-366,040	289,745	-19,165	246,926	408,940	131,945	364,385
Accruals and Deferred Income	0	0	0	0	0	0	-515,285	515,285	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	1	-11,665	-1,716,214	177,760	336,967	423,760	540,258	183,542	389,149	51,470	418,607	571,523	314,631	84,035
Investing Activities
capital expenditure	0	-53,785	-104,013	-181,577	-356,251	-347,590	-194,533	-271,332	-390,306	-319,988	-516,420	-533,615	-368,900	-8,255
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-53,785	-104,013	-181,577	-356,251	-347,590	-194,533	-271,332	-390,306	-319,988	-516,420	-533,615	-368,900	-8,255
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-403,089	403,089	0	0	0	0	0	0
other long term liabilities	0	0	1,881,428	-7,350	7,350	-51,718	51,718	-309,718	0	258,000	41,473	10,245	0	0
share issue	-1	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	0	33	35	73	159	37	13	26	16	45	211	231	245	190
cash flow from financing	-1	33	1,881,463	-7,277	7,509	-51,681	-351,358	93,397	16	258,045	41,684	10,476	245	191
cash and cash equivalents
cash	0	-65,417	61,236	-11,094	-11,776	24,489	-5,434	5,408	-1,141	-10,473	-56,129	48,384	-54,024	75,971
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-65,417	61,236	-11,094	-11,776	24,489	-5,434	5,408	-1,141	-10,473	-56,129	48,384	-54,024	75,971

P&L

September 2022

turnover

3.6m

-8%

operating profit

1.2

gross margin

17.9%

+31.24%

turnover

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

Balance Sheet

September 2022

net assets

1.1m

total assets

3.9m

cash

net assets

Total assets minus all liabilities

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company number

06686135

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

incorporation date

September 2008

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

23-27 bolton street, chorley, lancashire, PR7 3AA

last accounts submitted

September 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 16 charges/mortgages relating to lae vehicle rental limited. Currently there are 13 open charges and 3 have been satisfied in the past.

lae vehicle rental limited Company Information

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lae vehicle rental limited Estimated Valuation

lae vehicle rental limited Estimated Valuation

Lae Vehicle Rental Limited AI Business Plan

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