west car commercial ltd

2

west car commercial ltd Company Information

Share WEST CAR COMMERCIAL LTD
Dissolved 

Company Number

07625433

Registered Address

183 station lane, hornchurch, essex, RM12 6LL

Industry

Sale of used cars and light motor vehicles

 

Telephone

-

Next Accounts Due

March 2024

Group Structure

View All

Directors

Westley Parnell12 Years

James Parnell8 Years

Shareholders

westley james parnell 50%

james parnell 50%

west car commercial ltd Estimated Valuation

£338.1k

Pomanda estimates the enterprise value of WEST CAR COMMERCIAL LTD at £338.1k based on a Turnover of £2m and 0.17x industry multiple (adjusted for size and gross margin).

west car commercial ltd Estimated Valuation

£3.2k

Pomanda estimates the enterprise value of WEST CAR COMMERCIAL LTD at £3.2k based on an EBITDA of £1.2k and a 2.7x industry multiple (adjusted for size and gross margin).

west car commercial ltd Estimated Valuation

£42.8k

Pomanda estimates the enterprise value of WEST CAR COMMERCIAL LTD at £42.8k based on Net Assets of £18k and 2.38x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from April 2018 

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West Car Commercial Ltd Overview

West Car Commercial Ltd is a dissolved company that was located in essex, RM12 6LL with a Companies House number of 07625433. It operated in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in May 2011, it's largest shareholder was westley james parnell with a 50% stake. The last turnover for West Car Commercial Ltd was estimated at £2m.

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West Car Commercial Ltd Health Check

Pomanda's financial health check has awarded West Car Commercial Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £2m, make it in line with the average company (£2m)

£2m - West Car Commercial Ltd

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (7.6%)

-3% - West Car Commercial Ltd

7.6% - Industry AVG

production

Production

with a gross margin of 7.2%, this company has a higher cost of product (11.3%)

7.2% - West Car Commercial Ltd

11.3% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (2.9%)

0.1% - West Car Commercial Ltd

2.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (27)

3 - West Car Commercial Ltd

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.7k, the company has an equivalent pay structure (£28.7k)

£28.7k - West Car Commercial Ltd

£28.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £661.7k, this is more efficient (£497.8k)

£661.7k - West Car Commercial Ltd

£497.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 45 days, this is later than average (8 days)

45 days - West Car Commercial Ltd

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 45 days, this is slower than average (13 days)

45 days - West Car Commercial Ltd

13 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - West Car Commercial Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - West Car Commercial Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 92.7%, this is a higher level of debt than the average (71.5%)

92.7% - West Car Commercial Ltd

71.5% - Industry AVG

west car commercial ltd 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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West Car Commercial Ltd Competitor Analysis

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west car commercial ltd Ownership

WEST CAR COMMERCIAL LTD group structure

West Car Commercial Ltd has no subsidiary companies.

Ultimate parent company

WEST CAR COMMERCIAL LTD

07625433

WEST CAR COMMERCIAL LTD Shareholders

westley james parnell 50%
james parnell 50%

west car commercial ltd directors

West Car Commercial Ltd currently has 2 directors. The longest serving directors include Mr Westley Parnell (May 2011) and Mr James Parnell (Jun 2015).

officercountryagestartendrole
Mr Westley ParnellUnited Kingdom46 years May 2011- Director
Mr James ParnellUnited Kingdom75 years Jun 2015- Director

WEST CAR COMMERCIAL LTD financials

EXPORTms excel logo

West Car Commercial Ltd's latest turnover from April 2018 is estimated at £2 million and the company has net assets of £18 thousand. According to their latest financial statements, we estimate that West Car Commercial Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013May 2012
Turnover1,985,2102,699,8722,412,0792,197,2261,078,8311,425,524902,647
Other Income Or Grants0000000
Cost Of Sales1,842,7632,502,4832,215,6352,011,5291,002,1641,315,473831,485
Gross Profit142,447197,389196,444185,69676,667110,05271,162
Admin Expenses141,247178,962194,309190,58771,66020,856139,060
Operating Profit1,20018,4272,135-4,8915,00789,196-67,898
Interest Payable0000000
Interest Receivable041163174180870
Pre-Tax Profit1,20018,4682,298-4,7185,18789,283-67,898
Tax-228-3,509-4590-1,089-20,5350
Profit After Tax97214,9591,838-4,7184,09868,748-67,898
Dividends Paid0000000
Retained Profit97214,9591,838-4,7184,09868,748-67,898
Employee Costs85,968111,624108,157105,45351,21077,37850,593
Number Of Employees3444232
EBITDA*1,20018,4272,135-4,4815,55389,742-67,898

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013May 2012
Tangible Assets00001,6372,1820
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets00001,6372,1820
Stock & work in progress0000177,849215,140127,166
Trade Debtors245,861245,213152,332156,998000
Group Debtors0000000
Misc Debtors0000000
Cash0033,10032,09937,29934,7000
misc current assets0000000
total current assets245,861245,213185,432189,097215,148249,840127,166
total assets245,861245,213185,432189,097216,785252,022127,166
Bank overdraft0000000
Bank loan0000000
Trade Creditors 227,862228,186183,264188,767211,836251,171195,063
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities227,862228,186183,264188,767211,836251,171195,063
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions0000000
total long term liabilities0000000
total liabilities227,862228,186183,264188,767211,836251,171195,063
net assets17,99917,0272,1683304,949851-67,897
total shareholders funds17,99917,0272,1683304,949851-67,897
Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013May 2012
Operating Activities
Operating Profit1,20018,4272,135-4,8915,00789,196-67,898
Depreciation0004105465460
Amortisation0000000
Tax-228-3,509-4590-1,089-20,5350
Stock000-177,849-37,29187,974127,166
Debtors64892,881-4,666156,998000
Creditors-32444,922-5,503-23,069-39,33556,108195,063
Accruals and Deferred Income0000000
Deferred Taxes & Provisions0000000
Cash flow from operations0-33,041839-6,6992,42037,341-1
Investing Activities
capital expenditure0001,227-1-2,7280
Change in Investments0000000
cash flow from investments0001,227-1-2,7280
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0-100099001
interest041163174180870
cash flow from financing0-59163273180871
cash and cash equivalents
cash0-33,1001,001-5,2002,59934,7000
overdraft0000000
change in cash0-33,1001,001-5,2002,59934,7000

P&L

April 2018

turnover

2m

-26%

operating profit

1.2k

0%

gross margin

7.2%

-1.86%

turnover

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

Balance Sheet

April 2018

net assets

18k

+0.06%

total assets

245.9k

0%

cash

0

0%

net assets

Total assets minus all liabilities

west car commercial ltd company details

company number

07625433

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

May 2011

age

13

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

UK

address

183 station lane, hornchurch, essex, RM12 6LL

last accounts submitted

April 2018

west car commercial 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 west car commercial ltd.

charges

west car commercial ltd Companies House Filings - See Documents

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