concorde tyre & exhaust centres ltd Company Information
Company Number
07554616
Website
www.concordeautocentre.comRegistered Address
1 radian court, knowlhill, milton keynes, MK5 8PJ
Industry
Retail trade of motor vehicle parts and accessories
Telephone
01945582252
Next Accounts Due
March 2024
Group Structure
View All
Shareholders
adam wayne hughes 41.7%
andrew wood 41.7%
View Allconcorde tyre & exhaust centres ltd Estimated Valuation
Pomanda estimates the enterprise value of CONCORDE TYRE & EXHAUST CENTRES LTD at £1.6m based on a Turnover of £3.6m and 0.45x industry multiple (adjusted for size and gross margin).
concorde tyre & exhaust centres ltd Estimated Valuation
Pomanda estimates the enterprise value of CONCORDE TYRE & EXHAUST CENTRES LTD at £926.4k based on an EBITDA of £157.2k and a 5.9x industry multiple (adjusted for size and gross margin).
concorde tyre & exhaust centres ltd Estimated Valuation
Pomanda estimates the enterprise value of CONCORDE TYRE & EXHAUST CENTRES LTD at £0 based on Net Assets of £-2m and 2.21x industry multiple (adjusted for liquidity).
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Concorde Tyre & Exhaust Centres Ltd Overview
Concorde Tyre & Exhaust Centres Ltd is a dissolved company that was located in milton keynes, MK5 8PJ with a Companies House number of 07554616. It operated in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in March 2011, it's largest shareholder was adam wayne hughes with a 41.7% stake. The last turnover for Concorde Tyre & Exhaust Centres Ltd was estimated at £3.6m.
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Concorde Tyre & Exhaust Centres Ltd Health Check
Pomanda's financial health check has awarded Concorde Tyre & Exhaust Centres Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £3.6m, make it larger than the average company (£1.1m)
£3.6m - Concorde Tyre & Exhaust Centres Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (5%)
- Concorde Tyre & Exhaust Centres Ltd
5% - Industry AVG
Production
with a gross margin of 82.6%, this company has a lower cost of product (33.5%)
82.6% - Concorde Tyre & Exhaust Centres Ltd
33.5% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (4.8%)
2% - Concorde Tyre & Exhaust Centres Ltd
4.8% - Industry AVG
Employees
with 26 employees, this is below the industry average (95)
- Concorde Tyre & Exhaust Centres Ltd
95 - Industry AVG
Pay Structure
on an average salary of £24.3k, the company has an equivalent pay structure (£24.3k)
- Concorde Tyre & Exhaust Centres Ltd
£24.3k - Industry AVG
Efficiency
resulting in sales per employee of £137.9k, this is equally as efficient (£142.6k)
- Concorde Tyre & Exhaust Centres Ltd
£142.6k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (30 days)
17 days - Concorde Tyre & Exhaust Centres Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 811 days, this is slower than average (46 days)
811 days - Concorde Tyre & Exhaust Centres Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 244 days, this is more than average (67 days)
244 days - Concorde Tyre & Exhaust Centres Ltd
67 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Concorde Tyre & Exhaust Centres Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 177.5%, this is a higher level of debt than the average (68.7%)
177.5% - Concorde Tyre & Exhaust Centres Ltd
68.7% - Industry AVG
concorde tyre & exhaust centres ltd Credit Report and Business Information
Concorde Tyre & Exhaust Centres Ltd Competitor Analysis
Perform a competitor analysis for concorde tyre & exhaust centres ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
concorde tyre & exhaust centres ltd Ownership
CONCORDE TYRE & EXHAUST CENTRES LTD group structure
Concorde Tyre & Exhaust Centres Ltd has no subsidiary companies.
Ultimate parent company
CONCORDE TYRE & EXHAUST CENTRES LTD
07554616
concorde tyre & exhaust centres ltd directors
Concorde Tyre & Exhaust Centres Ltd currently has 2 directors. The longest serving directors include Mr Adam Hughes (Mar 2011) and Mr Andrew Wood (Aug 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Adam Hughes | 45 years | Mar 2011 | - | Director | |
Mr Andrew Wood | 51 years | Aug 2012 | - | Director |
CONCORDE TYRE & EXHAUST CENTRES LTD financials
Concorde Tyre & Exhaust Centres Ltd's latest turnover from August 2016 is £3.6 million and the company has net assets of -£2 million. According to their latest financial statements, we estimate that Concorde Tyre & Exhaust Centres Ltd has 26 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | |
---|---|---|---|---|---|
Turnover | 3,585,418 | 3,175,640 | 3,452,537 | 211,853 | |
Other Income Or Grants | 0 | 0 | 0 | 0 | |
Cost Of Sales | 623,915 | 967,537 | 1,297,241 | 95,024 | |
Gross Profit | 2,961,503 | 2,208,103 | 2,155,296 | 116,829 | |
Admin Expenses | 2,891,549 | 2,603,901 | 3,211,767 | 190,534 | |
Operating Profit | 69,954 | -395,798 | -1,056,471 | -73,705 | |
Interest Payable | 48,576 | 11,441 | 42,838 | 0 | |
Interest Receivable | 0 | 0 | 0 | 0 | |
Pre-Tax Profit | 21,378 | -407,239 | -1,099,309 | -73,705 | |
Tax | 0 | 0 | 0 | 0 | |
Profit After Tax | 21,378 | -407,239 | -1,099,309 | -73,705 | |
Dividends Paid | 0 | 0 | 0 | 0 | |
Retained Profit | 21,378 | -407,239 | -1,099,309 | -73,705 | |
Employee Costs | |||||
Number Of Employees | |||||
EBITDA* | 157,150 | -264,890 | -870,233 | -49,890 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | |
---|---|---|---|---|---|
Tangible Assets | 1,928,319 | 1,050,950 | 841,387 | 424,564 | 132,110 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,928,319 | 1,050,950 | 841,387 | 424,564 | 132,110 |
Stock & work in progress | 417,866 | 406,482 | 351,882 | 66,722 | 22,745 |
Trade Debtors | 171,913 | 245,943 | 119,630 | 151,137 | 11,418 |
Group Debtors | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 89,673 |
Cash | 0 | 14,407 | 0 | 167,833 | 20,685 |
misc current assets | 0 | 0 | 0 | 0 | 0 |
total current assets | 589,779 | 666,832 | 471,512 | 385,692 | 144,521 |
total assets | 2,518,098 | 1,717,782 | 1,312,899 | 810,256 | 276,631 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,387,583 | 855,066 | 540,609 | 288,538 | 70,911 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 249,159 |
other short term finances | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 30,264 |
total current liabilities | 1,387,583 | 855,066 | 540,609 | 288,538 | 350,334 |
loans | 2,409,475 | 2,472,335 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
other liabilities | 672,567 | 363,286 | 2,238,074 | 988,193 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 3,082,042 | 2,835,621 | 2,238,074 | 988,193 | 0 |
total liabilities | 4,469,625 | 3,690,687 | 2,778,683 | 1,276,731 | 350,334 |
net assets | -1,951,527 | -1,972,905 | -1,465,784 | -466,475 | -73,703 |
total shareholders funds | -1,951,527 | -1,972,905 | -1,465,784 | -466,475 | -73,703 |
Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | |
---|---|---|---|---|---|
Operating Activities | |||||
Operating Profit | 69,954 | -395,798 | -1,056,471 | -73,705 | |
Depreciation | 87,196 | 130,908 | 186,238 | 61,061 | 23,815 |
Amortisation | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 0 | |
Stock | 11,384 | 54,600 | 285,160 | 43,977 | 22,745 |
Debtors | -74,030 | 126,313 | -31,507 | 50,046 | 101,091 |
Creditors | 532,517 | 314,457 | 252,071 | 217,627 | 70,911 |
Accruals and Deferred Income | 0 | 0 | 0 | -30,264 | 30,264 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 752,313 | -131,346 | -871,815 | -72,551 | |
Investing Activities | |||||
capital expenditure | |||||
Change in Investments | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||
Financing Activities | |||||
Bank loans | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -249,159 | 249,159 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
Long term loans | -62,860 | 2,472,335 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 309,281 | -1,874,788 | 1,249,881 | 988,193 | 0 |
share issue | |||||
interest | -48,576 | -11,441 | -42,838 | 0 | |
cash flow from financing | 197,845 | 486,224 | 1,307,043 | 249,161 | |
cash and cash equivalents | |||||
cash | -14,407 | 14,407 | -167,833 | 147,148 | 20,685 |
overdraft | 0 | 0 | 0 | 0 | 0 |
change in cash | -14,407 | 14,407 | -167,833 | 147,148 | 20,685 |
P&L
August 2016turnover
3.6m
+13%
operating profit
70k
-118%
gross margin
82.6%
+18.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2016net assets
-2m
-0.01%
total assets
2.5m
+0.47%
cash
0
-1%
net assets
Total assets minus all liabilities
concorde tyre & exhaust centres ltd company details
company number
07554616
Type
Private limited with Share Capital
industry
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
March 2011
age
13
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
1 radian court, knowlhill, milton keynes, MK5 8PJ
last accounts submitted
August 2016
concorde tyre & exhaust centres ltd 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 did not find charges/mortgages relating to concorde tyre & exhaust centres ltd.
concorde tyre & exhaust centres ltd Companies House Filings - See Documents
date | description | view/download |
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