Driven Car Sales Limited

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driven car sales limited Company Information

Live

EstablishedMidLow

Company Number

07109711

Website

http://mg.co.uk

Registered Address

middleway, mandale triangle industrial esta, stockton-on-tees, TS17 6BZ

Industry

Sale of used cars and light motor vehicles

Telephone

01642601999

Next Accounts Due

September 2024

Group Structure

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Directors

Jonathan Hobday14 Years

Christopher Maddren14 Years

Shareholders

christopher dixon maddren 50%

jonathan stephen hobday 50%

driven car sales limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of DRIVEN CAR SALES LIMITED at £1.5m based on a Turnover of £6m and 0.25x industry multiple (adjusted for size and gross margin).

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Driven Car Sales Limited is a live company located in stockton-on-tees, TS17 6BZ with a Companies House number of 07109711. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in December 2009, it's largest shareholder is christopher dixon maddren with a 50% stake. Driven Car Sales Limited is a established, mid sized company, Pomanda has estimated its turnover at £6m with low growth in recent years.

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Pomanda's financial health check has awarded Driven Car Sales Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

0 Strong

6 Regular

5 Weak

Size

annual sales of £6m, make it in line with the average company (£6.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.7%)

EXPORT

Driven Car Sales Limited's latest turnover from December 2022 is estimated at £6 million and the company has net assets of £413.8 thousand. According to their latest financial statements, Driven Car Sales Limited has 14 employees and maintains cash reserves of £332 thousand 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
Turnover	5,974,393	6,329,937	5,583,593	5,532,728	15,325,230	13,470,297	25,607,431	9,645,150	6,281,455	5,259,387	1,368,609	1,647,000	1,336,074
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,315,913	5,672,205	4,998,849	4,931,070	13,618,359	11,948,188	22,703,944	8,424,051	5,527,334	4,661,805	1,211,608	1,448,619	1,167,780
Gross Profit	658,480	657,732	584,744	601,658	1,706,871	1,522,109	2,903,487	1,221,099	754,121	597,582	157,002	198,381	168,294
Admin Expenses	791,907	440,691	441,999	557,172	1,560,821	1,413,954	2,800,430	1,106,567	690,715	568,027	168,222	145,677	19,674
Operating Profit	-133,427	217,041	142,745	44,486	146,050	108,155	103,057	114,532	63,406	29,555	-11,220	52,704	148,620
Interest Payable	168,337	110,976	87,310	56,246	20,920	5,116	0	0	0	0	418	418	0
Interest Receivable	18,419	1,712	577	3,353	3,061	2,254	1,018	1,133	438	359	224	68	50
Pre-Tax Profit	-283,345	107,778	56,012	-8,406	128,191	105,294	104,075	115,665	63,844	29,914	-11,415	52,354	148,669
Tax	0	-20,478	-10,642	0	-24,356	-20,006	-20,815	-23,133	-13,407	-6,880	0	-13,612	-41,627
Profit After Tax	-283,345	87,300	45,370	-8,406	103,835	85,288	83,260	92,532	50,437	23,034	-11,415	38,742	107,042
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-283,345	87,300	45,370	-8,406	103,835	85,288	83,260	92,532	50,437	23,034	-11,415	38,742	107,042
Employee Costs	457,906	399,699	361,718	458,664	851,204	1,167,324	1,124,153	584,750	388,217	346,879	103,209	130,256	106,097
Number Of Employees	14	13	12	15	29	40	39	21	14	13	4	5	4
EBITDA*	-86,306	246,497	169,985	68,228	173,627	127,977	115,152	124,349	71,984	35,466	-5,627	58,129	150,352

* 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
Tangible Assets	441,680	343,579	333,035	315,198	338,940	285,923	268,539	255,635	229,952	220,745	25,816	29,011	20,730
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	441,680	343,579	333,035	315,198	338,940	285,923	268,539	255,635	229,952	220,745	25,816	29,011	20,730
Stock & work in progress	1,626,652	1,761,173	1,549,448	1,162,045	4,046,221	2,655,889	2,460,176	836,467	581,366	504,474	156,365	258,974	169,805
Trade Debtors	0	0	0	0	0	0	0	0	0	0	13,284	8,510	11,244
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	161,074	156,000	156,000	156,000	156,000	6,000	0	0	0	0	0	0	0
Cash	331,970	720,537	649,429	504,774	389,424	426,881	474,833	339,686	113,584	61,568	82,147	7,323	19,970
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,119,696	2,637,710	2,354,877	1,822,819	4,591,645	3,088,770	2,935,009	1,176,153	694,950	566,042	251,796	274,807	201,019
total assets	2,561,376	2,981,289	2,687,912	2,138,017	4,930,585	3,374,693	3,203,548	1,431,788	924,902	786,787	277,612	303,818	221,749
Bank overdraft	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
Trade Creditors	69,995	147,131	139,831	142,837	119,835	191,657	2,693,328	993,870	580,444	484,112	137,586	145,062	114,607
Group/Directors Accounts	45,000	105,000	105,000	105,000	3,650,534	2,475,266	0	0	0	0	0	0	0
other short term finances	1,584,359	1,716,116	1,506,975	1,105,840	294,838	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	332,800	106,486	147,597	99,748	124,921	81,346	0	0	0	0	0	0	0
total current liabilities	2,032,154	2,074,733	1,899,403	1,453,425	4,190,128	2,748,269	2,693,328	993,870	580,444	484,112	137,586	145,062	114,607
loans	66,869	176,590	151,543	98,256	167,602	157,404	0	0	0	0	0	12,872	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	112,780	126,319	136,518	145,172	5,557	0	0
provisions	48,579	32,847	27,147	21,887	0	0	13,708	11,127	0	0	0	0	0
total long term liabilities	115,448	209,437	178,690	120,143	167,602	157,404	126,488	137,446	136,518	145,172	5,557	12,872	0
total liabilities	2,147,602	2,284,170	2,078,093	1,573,568	4,357,730	2,905,673	2,819,816	1,131,316	716,962	629,284	143,143	157,934	114,607
net assets	413,774	697,119	609,819	564,449	572,855	469,020	383,732	300,472	207,940	157,503	134,469	145,884	107,142
total shareholders funds	413,774	697,119	609,819	564,449	572,855	469,020	383,732	300,472	207,940	157,503	134,469	145,884	107,142

	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
Operating Activities
Operating Profit	-133,427	217,041	142,745	44,486	146,050	108,155	103,057	114,532	63,406	29,555	-11,220	52,704	148,620
Depreciation	47,121	29,456	27,240	23,742	27,577	19,822	12,095	9,817	8,578	5,911	5,593	5,425	1,732
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-20,478	-10,642	0	-24,356	-20,006	-20,815	-23,133	-13,407	-6,880	0	-13,612	-41,627
Stock	-134,521	211,725	387,403	-2,884,176	1,390,332	195,713	1,623,709	255,101	76,892	348,109	-102,609	89,169	169,805
Debtors	5,074	0	0	0	150,000	6,000	0	0	0	-13,284	4,774	-2,734	11,244
Creditors	-77,136	7,300	-3,006	23,002	-71,822	-2,501,671	1,699,458	413,426	96,332	346,526	-7,476	30,455	114,607
Accruals and Deferred Income	226,314	-41,111	47,849	-25,173	43,575	81,346	0	0	0	0	0	0	0
Deferred Taxes & Provisions	15,732	5,700	5,260	21,887	0	-13,708	2,581	11,127	0	0	0	0	0
Cash flow from operations	208,051	-13,817	-177,957	2,972,120	-1,419,308	-2,527,775	172,667	270,668	78,017	40,287	84,732	-11,463	42,283
Investing Activities
capital expenditure	-145,222	-40,000	-45,077	0	-80,594	-37,206	-24,999	-35,500	-17,785	-200,840	-2,398	-13,706	-22,462
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-145,222	-40,000	-45,077	0	-80,594	-37,206	-24,999	-35,500	-17,785	-200,840	-2,398	-13,706	-22,462
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-60,000	0	0	-3,545,534	1,175,268	2,475,266	0	0	0	0	0	0	0
Other Short Term Loans	-131,757	209,141	401,135	811,002	294,838	0	0	0	0	0	0	0	0
Long term loans	-109,721	25,047	53,287	-69,346	10,198	157,404	0	0	0	0	-12,872	12,872	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	-112,780	-13,539	-10,199	-8,654	139,615	5,557	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-149,918	-109,264	-86,733	-52,893	-17,859	-2,862	1,018	1,133	438	359	-194	-350	50
cash flow from financing	-451,396	124,924	367,689	-2,856,771	1,462,445	2,517,028	-12,521	-9,066	-8,216	139,974	-7,509	12,522	150
cash and cash equivalents
cash	-388,567	71,108	144,655	115,350	-37,457	-47,952	135,147	226,102	52,016	-20,579	74,824	-12,647	19,970
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-388,567	71,108	144,655	115,350	-37,457	-47,952	135,147	226,102	52,016	-20,579	74,824	-12,647	19,970

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRIVEN CAR SALES LIMITED group structure

Driven Car Sales Limited has no subsidiary companies.

Ultimate parent company

DRIVEN CAR SALES LIMITED

07109711

DRIVEN CAR SALES LIMITED Shareholders

christopher dixon maddren	50%
jonathan stephen hobday	50%

Driven Car Sales Limited currently has 2 directors. The longest serving directors include Mr Jonathan Hobday (Dec 2009) and Mr Christopher Maddren (Dec 2009).

officer	country	age	start	end	role
Mr Jonathan Hobday	United Kingdom	39 years	Dec 2009	-	Director
Mr Christopher Maddren	United Kingdom	54 years	Dec 2009	-	Director

P&L

December 2022

turnover

-6%

operating profit

-133.4k

gross margin

11.1%

+6.07%

turnover

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

Balance Sheet

December 2022

net assets

413.8k

-0.41%

total assets

2.6m

-0.14%

cash

332k

-0.54%

net assets

Total assets minus all liabilities

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company number

07109711

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

December 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

middleway, mandale triangle industrial esta, stockton-on-tees, TS17 6BZ

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 6 charges/mortgages relating to driven car sales limited. Currently there are 4 open charges and 2 have been satisfied in the past.

driven car sales limited Company Information

driven car sales limited Estimated Valuation

driven car sales limited Estimated Valuation

driven car sales limited Estimated Valuation

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DRIVEN CAR SALES LIMITED financials

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