spirit motor company limited Company Information
Group Structure
View All
Industry
Sale of used cars and light motor vehicles
Registered Address
parsonage garage kirkhall lane, leigh, lancashire, WN7 5RP
Website
spiritmotorcompany.co.ukspirit motor company limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT MOTOR COMPANY LIMITED at £2.5m based on a Turnover of £7.2m and 0.34x industry multiple (adjusted for size and gross margin).
spirit motor company limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT MOTOR COMPANY LIMITED at £587.7k based on an EBITDA of £130.9k and a 4.49x industry multiple (adjusted for size and gross margin).
spirit motor company limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT MOTOR COMPANY LIMITED at £817k based on Net Assets of £284.6k and 2.87x industry multiple (adjusted for liquidity).
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Spirit Motor Company Limited Overview
Spirit Motor Company Limited is a live company located in lancashire, WN7 5RP with a Companies House number of 07298546. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in June 2010, it's largest shareholder is mohammed sadiq with a 100% stake. Spirit Motor Company Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.2m with healthy growth in recent years.
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Spirit Motor Company Limited Health Check
Pomanda's financial health check has awarded Spirit Motor Company Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £7.2m, make it larger than the average company (£2.6m)
- Spirit Motor Company Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8%)
- Spirit Motor Company Limited
8% - Industry AVG
Production
with a gross margin of 11.2%, this company has a comparable cost of product (11.2%)
- Spirit Motor Company Limited
11.2% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (2.8%)
- Spirit Motor Company Limited
2.8% - Industry AVG
Employees
with 22 employees, this is above the industry average (8)
22 - Spirit Motor Company Limited
8 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
- Spirit Motor Company Limited
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £326.1k, this is less efficient (£459.2k)
- Spirit Motor Company Limited
£459.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Spirit Motor Company Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Spirit Motor Company Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is in line with average (66 days)
- Spirit Motor Company Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (9 weeks)
18 weeks - Spirit Motor Company Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77%, this is a higher level of debt than the average (69.5%)
77% - Spirit Motor Company Limited
69.5% - Industry AVG
SPIRIT MOTOR COMPANY LIMITED financials
Spirit Motor Company Limited's latest turnover from June 2023 is estimated at £7.2 million and the company has net assets of £284.6 thousand. According to their latest financial statements, Spirit Motor Company Limited has 22 employees and maintains cash reserves of £133.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||
Other Income Or Grants | |||||||||||||
Cost Of Sales | |||||||||||||
Gross Profit | |||||||||||||
Admin Expenses | |||||||||||||
Operating Profit | |||||||||||||
Interest Payable | |||||||||||||
Interest Receivable | |||||||||||||
Pre-Tax Profit | |||||||||||||
Tax | |||||||||||||
Profit After Tax | |||||||||||||
Dividends Paid | |||||||||||||
Retained Profit | |||||||||||||
Employee Costs | |||||||||||||
Number Of Employees | 22 | 14 | 14 | 16 | |||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 473 | 631 | 841 | 1,122 | 1,496 | 1,995 | 2,660 | 3,547 | 3,547 | 5,405 | 3,608 | 4,810 | 0 |
Intangible Assets | 0 | 0 | 6,650 | 13,300 | 19,950 | 26,600 | 33,250 | 39,900 | 39,900 | 53,200 | 59,850 | 66,500 | 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 | 473 | 631 | 7,491 | 14,422 | 21,446 | 28,595 | 35,910 | 43,447 | 43,447 | 58,605 | 63,458 | 71,310 | 0 |
Stock & work in progress | 1,103,708 | 1,034,820 | 1,109,145 | 957,441 | 690,617 | 665,685 | 589,858 | 356,426 | 204,317 | 243,535 | 280,000 | 264,250 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,740 | 1,740 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 13,529 | 8,045 | 92 | 4,712 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 133,417 | 236,734 | 242,225 | 169,838 | 138,844 | 49,200 | 48,703 | 0 | 7,477 | 8,859 | 4,940 | 3,265 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,237,125 | 1,285,083 | 1,359,415 | 1,127,371 | 834,173 | 714,885 | 638,561 | 356,426 | 211,794 | 252,394 | 286,680 | 269,255 | 0 |
total assets | 1,237,598 | 1,285,714 | 1,366,906 | 1,141,793 | 855,619 | 743,480 | 674,471 | 399,873 | 255,241 | 310,999 | 350,138 | 340,565 | 0 |
Bank overdraft | 290,000 | 140,000 | 40,000 | 0 | 0 | 0 | 0 | 10,022 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 185,936 | 223,947 | 155,219 | 148,600 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 271,035 | 171,144 | 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 | 83,037 | 74,100 | 161,292 | 210,362 | 442,635 | 434,359 | 535,376 | 290,001 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 373,037 | 214,100 | 201,292 | 210,362 | 713,670 | 605,503 | 535,376 | 300,023 | 185,936 | 223,947 | 155,219 | 148,600 | 0 |
loans | 580,000 | 816,663 | 975,000 | 750,000 | 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 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 580,000 | 816,663 | 975,000 | 750,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 953,037 | 1,030,763 | 1,176,292 | 960,362 | 713,670 | 605,503 | 535,376 | 300,023 | 185,936 | 223,947 | 155,219 | 148,600 | 0 |
net assets | 284,561 | 254,951 | 190,614 | 181,431 | 141,949 | 137,977 | 139,095 | 99,850 | 69,305 | 87,052 | 194,919 | 191,965 | 0 |
total shareholders funds | 284,561 | 254,951 | 190,614 | 181,431 | 141,949 | 137,977 | 139,095 | 99,850 | 69,305 | 87,052 | 194,919 | 191,965 | 0 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | |||||||||||||
Depreciation | 158 | 210 | 281 | 281 | 499 | 665 | 887 | 1,182 | 200 | 1,202 | 1,603 | ||
Amortisation | 0 | 6,650 | 6,650 | 6,650 | 6,650 | 6,650 | 6,650 | 6,650 | 5,985 | 6,650 | 0 | ||
Tax | |||||||||||||
Stock | 68,888 | -74,325 | 151,704 | 266,824 | 24,932 | 75,827 | 233,432 | 152,109 | -39,218 | -36,465 | 15,750 | 264,250 | 0 |
Debtors | -13,529 | 5,484 | 7,953 | -4,620 | 4,712 | 0 | 0 | 0 | 0 | -1,740 | 0 | 1,740 | 0 |
Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -185,936 | -38,011 | 68,728 | 6,619 | 148,600 | 0 |
Accruals and Deferred Income | 8,937 | -87,192 | -49,070 | -232,273 | 8,276 | -101,017 | 245,375 | 290,001 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||
Financing Activities | |||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -271,035 | 99,891 | 171,144 | 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 | -236,663 | -158,337 | 225,000 | 750,000 | 0 | 0 | 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 | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
cash and cash equivalents | |||||||||||||
cash | -103,317 | -5,491 | 72,387 | 30,994 | 89,644 | 497 | 48,703 | -7,477 | -1,382 | 3,919 | 1,675 | 3,265 | 0 |
overdraft | 150,000 | 100,000 | 40,000 | 0 | 0 | 0 | -10,022 | 10,022 | 0 | 0 | 0 | 0 | 0 |
change in cash | -253,317 | -105,491 | 32,387 | 30,994 | 89,644 | 497 | 58,725 | -17,499 | -1,382 | 3,919 | 1,675 | 3,265 | 0 |
spirit motor company limited Credit Report and Business Information
Spirit Motor Company Limited Competitor Analysis
Perform a competitor analysis for spirit motor company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in WN7 area or any other competitors across 12 key performance metrics.
spirit motor company limited Ownership
SPIRIT MOTOR COMPANY LIMITED group structure
Spirit Motor Company Limited has no subsidiary companies.
Ultimate parent company
SPIRIT MOTOR COMPANY LIMITED
07298546
spirit motor company limited directors
Spirit Motor Company Limited currently has 1 director, Mr Mohammed Sadiq serving since Aug 2012.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Mohammed Sadiq | United Kingdom | 57 years | Aug 2012 | - | Director |
P&L
June 2023turnover
7.2m
+27%
operating profit
130.7k
0%
gross margin
11.2%
-0.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
284.6k
+0.12%
total assets
1.2m
-0.04%
cash
133.4k
-0.44%
net assets
Total assets minus all liabilities
spirit motor company limited company details
company number
07298546
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
June 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
jeff johnson cars ltd (April 2019)
accountant
-
auditor
-
address
parsonage garage kirkhall lane, leigh, lancashire, WN7 5RP
Bank
-
Legal Advisor
-
spirit motor company limited Charges & Mortgages
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 2 charges/mortgages relating to spirit motor company limited. Currently there are 2 open charges and 0 have been satisfied in the past.
spirit motor company limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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spirit motor company limited Companies House Filings - See Documents
date | description | view/download |
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