spirit motor company limited

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spirit motor company limited Company Information

Share SPIRIT MOTOR COMPANY LIMITED

Company Number

07298546

Shareholders

mohammed sadiq

Group Structure

View All

Industry

Sale of used cars and light motor vehicles

 

Registered Address

parsonage garage kirkhall lane, leigh, lancashire, WN7 5RP

spirit motor company limited Estimated Valuation

£2.5m

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

£587.7k

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

£817k

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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £7.2m, make it larger than the average company (£2.6m)

£7.2m - Spirit Motor Company Limited

£2.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8%)

10% - Spirit Motor Company Limited

8% - Industry AVG

production

Production

with a gross margin of 11.2%, this company has a comparable cost of product (11.2%)

11.2% - Spirit Motor Company Limited

11.2% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (2.8%)

1.8% - Spirit Motor Company Limited

2.8% - Industry AVG

employees

Employees

with 22 employees, this is above the industry average (8)

22 - Spirit Motor Company Limited

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)

£31.4k - Spirit Motor Company Limited

£31.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £326.1k, this is less efficient (£459.2k)

£326.1k - Spirit Motor Company Limited

£459.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Spirit Motor Company Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Spirit Motor Company Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 63 days, this is in line with average (66 days)

63 days - Spirit Motor Company Limited

66 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011
Turnover7,174,3355,641,3235,281,6815,398,2423,652,1503,910,7303,377,8632,077,3352,044,0112,609,2871,692,9001,606,5540
Other Income Or Grants0000000000000
Cost Of Sales6,374,2895,006,6234,710,8914,757,3963,235,6333,467,3192,989,2781,823,5191,785,1512,303,8951,507,8331,424,0890
Gross Profit800,047634,700570,790640,846416,518443,411388,584253,816258,859305,392185,067182,4650
Admin Expenses669,354486,792505,826569,382412,319444,774339,881215,328276,647413,293181,251-69,9810
Operating Profit130,693147,90864,96471,4644,199-1,36348,70338,488-17,788-107,9013,816252,4460
Interest Payable100,46671,47353,83322,8750031332600000
Interest Receivable9,2542,993206154705245611941352180
Pre-Tax Profit39,48079,42811,33748,7434,904-1,11848,45138,181-17,747-107,8673,836252,4540
Tax-9,870-15,091-2,154-9,261-9320-9,206-7,63600-882-60,5890
Profit After Tax29,61064,3379,18339,4823,972-1,11839,24530,545-17,747-107,8672,954191,8650
Dividends Paid0000000000000
Retained Profit29,61064,3379,18339,4823,972-1,11839,24530,545-17,747-107,8672,954191,8650
Employee Costs690,255436,620406,263462,513227,838258,620224,584135,196131,677177,821127,032125,7760
Number Of Employees22141416898557550
EBITDA*130,851154,76871,89578,39511,3485,95256,24038,488-9,956-101,71611,668254,0490

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011
Tangible Assets4736318411,1221,4961,9952,6603,5473,5475,4053,6084,8100
Intangible Assets006,65013,30019,95026,60033,25039,90039,90053,20059,85066,5000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets4736317,49114,42221,44628,59535,91043,44743,44758,60563,45871,3100
Stock & work in progress1,103,7081,034,8201,109,145957,441690,617665,685589,858356,426204,317243,535280,000264,2500
Trade Debtors00000000001,7401,7400
Group Debtors0000000000000
Misc Debtors013,5298,045924,71200000000
Cash133,417236,734242,225169,838138,84449,20048,70307,4778,8594,9403,2650
misc current assets0000000000000
total current assets1,237,1251,285,0831,359,4151,127,371834,173714,885638,561356,426211,794252,394286,680269,2550
total assets1,237,5981,285,7141,366,9061,141,793855,619743,480674,471399,873255,241310,999350,138340,5650
Bank overdraft290,000140,00040,000000010,02200000
Bank loan0000000000000
Trade Creditors 00000000185,936223,947155,219148,6000
Group/Directors Accounts0000271,035171,1440000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities83,03774,100161,292210,362442,635434,359535,376290,00100000
total current liabilities373,037214,100201,292210,362713,670605,503535,376300,023185,936223,947155,219148,6000
loans580,000816,663975,000750,000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities0000000000000
provisions0000000000000
total long term liabilities580,000816,663975,000750,000000000000
total liabilities953,0371,030,7631,176,292960,362713,670605,503535,376300,023185,936223,947155,219148,6000
net assets284,561254,951190,614181,431141,949137,977139,09599,85069,30587,052194,919191,9650
total shareholders funds284,561254,951190,614181,431141,949137,977139,09599,85069,30587,052194,919191,9650
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011
Operating Activities
Operating Profit130,693147,90864,96471,4644,199-1,36348,70338,488-17,788-107,9013,816252,4460
Depreciation15821028128149966588701,1822001,2021,6030
Amortisation06,6506,6506,6506,6506,6506,65006,6505,9856,65000
Tax-9,870-15,091-2,154-9,261-9320-9,206-7,63600-882-60,5890
Stock68,888-74,325151,704266,82424,93275,827233,432152,109-39,218-36,46515,750264,2500
Debtors-13,5295,4847,953-4,6204,7120000-1,74001,7400
Creditors0000000-185,936-38,01168,7286,619148,6000
Accruals and Deferred Income8,937-87,192-49,070-232,2738,276-101,017245,375290,00100000
Deferred Taxes & Provisions0000000000000
Cash flow from operations74,559121,326-138,986-425,343-10,952-170,89258,977-17,192-8,7495,2171,65576,0700
Investing Activities
capital expenditure0009300007,326-1,3320-72,9130
Change in Investments0000000000000
cash flow from investments0009300007,326-1,3320-72,9130
Financing Activities
Bank loans0000000000000
Group/Directors Accounts000-271,03599,891171,1440000000
Other Short Term Loans 0000000000000
Long term loans-236,663-158,337225,000750,000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities0000000000000
share issue000000000001000
interest-91,212-68,480-53,627-22,721705245-252-30741352180
cash flow from financing-327,875-226,817171,373456,244100,596171,389-252-3074135211080
cash and cash equivalents
cash-103,317-5,49172,38730,99489,64449748,703-7,477-1,3823,9191,6753,2650
overdraft150,000100,00040,000000-10,02210,02200000
change in cash-253,317-105,49132,38730,99489,64449758,725-17,499-1,3823,9191,6753,2650

spirit motor company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Spirit Motor Company Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

mohammed sadiq 100%

spirit motor company limited directors

Spirit Motor Company Limited currently has 1 director, Mr Mohammed Sadiq serving since Aug 2012.

officercountryagestartendrole
Mr Mohammed SadiqUnited Kingdom57 years Aug 2012- Director

P&L

June 2023

turnover

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 2023

net 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

None

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

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