Andrews Garage Sales Limited

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andrews garage sales limited Company Information

Live

EstablishedSmallDeclining

Company Number

07054455

Website

www.andrewsgarage.net

Registered Address

4 caludon road, coventry, CV2 4LP

Industry

Sale of used cars and light motor vehicles

Telephone

02476458635

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Scott-Lazarus15 Years

Cordelia Scott-Lazarus15 Years

Shareholders

ian douglas scott 50%

cordelia louise scott-lazarus 50%

andrews garage sales limited Estimated Valuation

£150.2k

Pomanda estimates the enterprise value of ANDREWS GARAGE SALES LIMITED at £150.2k based on a Turnover of £684k and 0.22x industry multiple (adjusted for size and gross margin).

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Andrews Garage Sales Limited is a live company located in coventry, CV2 4LP with a Companies House number of 07054455. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2009, it's largest shareholder is ian douglas scott with a 50% stake. Andrews Garage Sales Limited is a established, small sized company, Pomanda has estimated its turnover at £684k with declining growth in recent years.

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Pomanda's financial health check has awarded Andrews Garage Sales Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £684k, make it smaller than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (7.9%)

EXPORT

Andrews Garage Sales Limited's latest turnover from March 2023 is estimated at £684 thousand and the company has net assets of £4 thousand. According to their latest financial statements, Andrews Garage Sales Limited has 3 employees and maintains cash reserves of £3.4 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
Turnover	684,002	646,398	823,777	1,280,705	2,058,154	2,095,509	1,680,338	1,818,267	2,527,888	2,998,173	3,893,476	3,918,139	3,453,700
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	604,738	570,772	736,038	1,131,617	1,823,361	1,857,313	1,488,706	1,591,227	2,206,899	2,635,146	3,436,321	3,451,746	3,020,591
Gross Profit	79,263	75,625	87,739	149,089	234,792	238,196	191,632	227,040	320,989	363,027	457,155	466,393	433,110
Admin Expenses	50,715	67,239	-5,601	179,387	231,484	302,312	209,931	239,093	292,002	349,615	441,899	477,250	324,281
Operating Profit	28,548	8,386	93,340	-30,298	3,308	-64,116	-18,299	-12,053	28,987	13,412	15,256	-10,857	108,829
Interest Payable	26,339	19,576	17,658	15,523	16,352	8,071	0	0	0	0	0	0	0
Interest Receivable	276	99	9	2	159	102	7	12	107	209	169	162	98
Pre-Tax Profit	2,485	-11,091	75,690	-45,819	-12,884	-72,085	-18,292	-12,041	29,094	13,621	15,425	-10,695	108,928
Tax	-472	0	-14,381	0	0	0	0	0	-6,110	-3,133	-3,702	0	-30,500
Profit After Tax	2,013	-11,091	61,309	-45,819	-12,884	-72,085	-18,292	-12,041	22,984	10,488	11,723	-10,695	78,428
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,013	-11,091	61,309	-45,819	-12,884	-72,085	-18,292	-12,041	22,984	10,488	11,723	-10,695	78,428
Employee Costs	96,199	92,238	85,263	202,349	200,981	250,459	249,522	371,365	158,012	200,509	277,180	267,129	243,099
Number Of Employees	3	3	3	7	7	9	9	14	6	8	11	11	10
EBITDA*	29,248	9,318	94,583	-29,042	4,340	-63,038	-16,973	-10,621	30,840	14,493	16,698	-9,199	110,810

* 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
Tangible Assets	2,098	2,798	3,730	3,766	3,098	3,233	3,977	4,298	5,558	3,244	4,325	4,975	4,358
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,098	2,798	3,730	3,766	3,098	3,233	3,977	4,298	5,558	3,244	4,325	4,975	4,358
Stock & work in progress	101,068	88,182	188,259	97,419	221,069	244,127	194,369	162,401	294,243	256,911	260,828	295,627	353,771
Trade Debtors	2,336	13,132	0	16,867	6,827	1,203	4,115	2,866	42,854	61,223	90,967	84,977	23,323
Group Debtors	194,008	209,496	189,596	221,295	178,664	139,359	93,222	126,167	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	3,408	9,592	16,684	314	3,303	39,141	1,553	3,657	1,201	41,616	41,904	25,586	39,330
misc current assets	2,044	0	0	0	25,195	0	0	0	0	0	0	0	0
total current assets	302,864	320,402	394,539	335,895	435,058	423,830	293,259	295,091	338,298	359,750	393,699	406,190	416,424
total assets	304,962	323,200	398,269	339,661	438,156	427,063	297,236	299,389	343,856	362,994	398,024	411,165	420,782
Bank overdraft	45,789	46,488	44,605	36,980	23,414	23,414	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	41,017	22,455	29,658	82,509	193,220	148,631	82,309	29,484	229,814	272,399	317,701	342,435	341,436
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	19,638	24,569	48,685	31,890	10,507	18,937	131,534	168,156	0	0	0	0	0
total current liabilities	106,444	93,512	122,948	151,379	227,141	190,982	213,843	197,640	229,814	272,399	317,701	342,435	341,436
loans	194,281	227,375	261,556	235,826	212,740	224,922	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	197	286	647	647	647	647	796	860	1,112	649	865	995	916
total long term liabilities	194,478	227,661	262,203	236,473	213,387	225,569	796	860	1,112	649	865	995	916
total liabilities	300,922	321,173	385,151	387,852	440,528	416,551	214,639	198,500	230,926	273,048	318,566	343,430	342,352
net assets	4,040	2,027	13,118	-48,191	-2,372	10,512	82,597	100,889	112,930	89,946	79,458	67,735	78,430
total shareholders funds	4,040	2,027	13,118	-48,191	-2,372	10,512	82,597	100,889	112,930	89,946	79,458	67,735	78,430

	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
Operating Activities
Operating Profit	28,548	8,386	93,340	-30,298	3,308	-64,116	-18,299	-12,053	28,987	13,412	15,256	-10,857	108,829
Depreciation	700	932	1,243	1,256	1,032	1,078	1,326	1,432	1,853	1,081	1,442	1,658	1,981
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-472	0	-14,381	0	0	0	0	0	-6,110	-3,133	-3,702	0	-30,500
Stock	12,886	-100,077	90,840	-123,650	-23,058	49,758	31,968	-131,842	37,332	-3,917	-34,799	-58,144	353,771
Debtors	-26,284	33,032	-48,566	52,671	44,929	43,225	-31,696	86,179	-18,369	-29,744	5,990	61,654	23,323
Creditors	18,562	-7,203	-52,851	-110,711	44,589	66,322	52,825	-200,330	-42,585	-45,302	-24,734	999	341,436
Accruals and Deferred Income	-4,931	-24,116	16,795	21,383	-8,430	-112,597	-36,622	168,156	0	0	0	0	0
Deferred Taxes & Provisions	-89	-361	0	0	0	-149	-64	-252	463	-216	-130	79	916
Cash flow from operations	55,716	44,683	1,872	-47,391	18,628	-202,445	-1,106	2,616	-36,355	-497	16,941	-11,631	45,568
Investing Activities
capital expenditure	0	0	-1,207	-1,924	-897	-334	-1,005	-172	-4,167	0	-792	-2,275	-6,339
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-1,207	-1,924	-897	-334	-1,005	-172	-4,167	0	-792	-2,275	-6,339
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-33,094	-34,181	25,730	23,086	-12,182	224,922	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-26,063	-19,477	-17,649	-15,521	-16,193	-7,969	7	12	107	209	169	162	98
cash flow from financing	-59,157	-53,658	8,081	7,565	-28,375	216,953	7	12	107	209	169	162	100
cash and cash equivalents
cash	-6,184	-7,092	16,370	-2,989	-35,838	37,588	-2,104	2,456	-40,415	-288	16,318	-13,744	39,330
overdraft	-699	1,883	7,625	13,566	0	23,414	0	0	0	0	0	0	0
change in cash	-5,485	-8,975	8,745	-16,555	-35,838	14,174	-2,104	2,456	-40,415	-288	16,318	-13,744	39,330

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for andrews garage sales 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 CV2 area or any other competitors across 12 key performance metrics.

ANDREWS GARAGE SALES LIMITED group structure

Andrews Garage Sales Limited has no subsidiary companies.

Ultimate parent company

ANDREWS GARAGE SALES LIMITED

07054455

ANDREWS GARAGE SALES LIMITED Shareholders

ian douglas scott	50%
cordelia louise scott-lazarus	50%

Andrews Garage Sales Limited currently has 2 directors. The longest serving directors include Mr Ian Scott-Lazarus (Oct 2009) and Mrs Cordelia Scott-Lazarus (Oct 2009).

officer	country	age	start	end	role
Mr Ian Scott-Lazarus	United Kingdom	67 years	Oct 2009	-	Director
Mrs Cordelia Scott-Lazarus	United Kingdom	55 years	Oct 2009	-	Director

P&L

March 2023

turnover

684k

+6%

operating profit

28.5k

gross margin

11.6%

-0.95%

turnover

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

Balance Sheet

March 2023

net assets

+0.99%

total assets

305k

-0.06%

cash

3.4k

-0.64%

net assets

Total assets minus all liabilities

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company number

07054455

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

October 2009

ultimate parent company

None

previous names

N/A

address

4 caludon road, coventry, CV2 4LP

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.

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andrews garage sales limited Company Information

andrews garage sales limited Estimated Valuation

andrews garage sales limited Estimated Valuation

andrews garage sales limited Estimated Valuation

Andrews Garage Sales Limited Overview

Andrews Garage Sales Limited Health Check

ANDREWS GARAGE SALES LIMITED financials

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andrews garage sales limited Ownership

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