remove my car ltd
remove my car ltd Company Information
Company Number
07978223
Website
www.removemycar.co.ukRegistered Address
1st floor cashs business centre, 228 widdrington road, coventry, west midlands, CV1 4PB
Industry
Sale of used cars and light motor vehicles
Telephone
08459190000
Next Accounts Due
December 2024
Group Structure
View All
Directors
Steven Queen12 Years
Shareholders
sq holdings ltd 100%
remove my car ltd Estimated Valuation
The estimated valuation range for remove my car ltd, derived from financial data as of March 2023 and the most recent industry multiples, is between £259.4k to £633.7k
remove my car ltd Estimated Valuation
The estimated valuation range for remove my car ltd, derived from financial data as of March 2023 and the most recent industry multiples, is between £259.4k to £633.7k
remove my car ltd Estimated Valuation
The estimated valuation range for remove my car ltd, derived from financial data as of March 2023 and the most recent industry multiples, is between £259.4k to £633.7k
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Remove My Car Ltd Overview
Remove My Car Ltd is a live company located in coventry, CV1 4PB with a Companies House number of 07978223. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in March 2012, it's largest shareholder is sq holdings ltd with a 100% stake. Remove My Car Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.
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Remove My Car Ltd Health Check
Pomanda's financial health check has awarded Remove My Car Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£3m)
- Remove My Car Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.9%)
- Remove My Car Ltd
7.9% - Industry AVG
Production
with a gross margin of 11%, this company has a comparable cost of product (11%)
- Remove My Car Ltd
11% - Industry AVG
Profitability
an operating margin of 15.6% make it more profitable than the average company (2.9%)
- Remove My Car Ltd
2.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Remove My Car Ltd
7 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)
- Remove My Car Ltd
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £584.6k, this is more efficient (£463.6k)
- Remove My Car Ltd
£463.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is later than average (8 days)
- Remove My Car Ltd
8 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is close to average (15 days)
- Remove My Car Ltd
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Remove My Car Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (9 weeks)
53 weeks - Remove My Car Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.4%, this is a lower level of debt than the average (68.5%)
60.4% - Remove My Car Ltd
68.5% - Industry AVG
remove my car ltd Credit Report and Business Information
Remove My Car Ltd Competitor Analysis
Perform a competitor analysis for remove my car ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
remove my car ltd Ownership
REMOVE MY CAR LTD group structure
Remove My Car Ltd has no subsidiary companies.
remove my car ltd directors
Remove My Car Ltd currently has 1 director, Mr Steven Queen serving since Mar 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Queen | United Kingdom | 43 years | Mar 2012 | - | Director |
REMOVE MY CAR LTD financials
Remove My Car Ltd's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £197.5 thousand. According to their latest financial statements, Remove My Car Ltd has 2 employees and maintains cash reserves of £309.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 3 | 3 | 7 | 9 | 5 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,425 | 35,594 | 41,876 | 48,409 | 41,089 | 18,326 | 21,562 | 11,538 | 9,681 | 7,975 | 6,620 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 26,008 | 326,101 | 125,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,425 | 61,602 | 367,977 | 173,409 | 41,089 | 18,326 | 21,562 | 11,538 | 9,681 | 7,975 | 6,620 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 41,510 | 11,104 | 22,490 | 6,713 | 0 | 17,825 | 14,781 | 19,744 | 23,805 | 1,794 | 24,861 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 130,667 | 0 | 0 | 1,000 | 942 | 45,292 | 8,500 | 0 | 0 | 0 | 0 |
| Cash | 309,621 | 351,817 | 153,253 | 173,570 | 222,795 | 154,487 | 145,467 | 38,097 | 19,421 | 162,292 | 105,975 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 481,798 | 362,921 | 175,743 | 181,283 | 223,737 | 217,604 | 168,748 | 57,841 | 43,226 | 164,086 | 130,836 |
| total assets | 499,223 | 424,523 | 543,720 | 354,692 | 264,826 | 235,930 | 190,310 | 69,379 | 52,907 | 172,061 | 137,456 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 42,882 | 15,344 | 1,088 | 7,469 | 1 | 6,828 | 2,578 | 29,185 | 12,826 | 64,825 | 61,870 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 258,798 | 370,339 | 253,652 | 217,429 | 183,770 | 149,850 | 98,886 | 31,059 | 0 | 0 | 0 |
| total current liabilities | 301,680 | 385,683 | 254,740 | 224,898 | 183,771 | 156,678 | 101,464 | 60,244 | 12,826 | 64,825 | 61,870 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 301,680 | 385,683 | 254,740 | 224,898 | 183,771 | 156,678 | 101,464 | 60,244 | 12,826 | 64,825 | 61,870 |
| net assets | 197,543 | 38,840 | 288,980 | 129,794 | 81,055 | 79,252 | 88,846 | 9,135 | 40,081 | 107,236 | 75,586 |
| total shareholders funds | 197,543 | 38,840 | 288,980 | 129,794 | 81,055 | 79,252 | 88,846 | 9,135 | 40,081 | 107,236 | 75,586 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 6,979 | 6,282 | 6,533 | 8,545 | 7,972 | 3,236 | 3,871 | 2,813 | 1,196 | 1,407 | 2,043 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 161,073 | -11,386 | 14,777 | 6,771 | -62,175 | 39,836 | 3,537 | -4,061 | 22,011 | -23,067 | 24,861 |
| Creditors | 27,538 | 14,256 | -6,381 | 7,468 | -6,827 | 4,250 | -26,607 | 16,359 | -51,999 | 2,955 | 61,870 |
| Accruals and Deferred Income | -111,541 | 116,687 | 36,223 | 33,659 | 33,920 | 50,964 | 67,827 | 31,059 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -26,008 | -300,093 | 201,101 | 125,000 | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -42,196 | 198,564 | -20,317 | -49,225 | 68,308 | 9,020 | 107,370 | 18,676 | -142,871 | 56,317 | 105,975 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -42,196 | 198,564 | -20,317 | -49,225 | 68,308 | 9,020 | 107,370 | 18,676 | -142,871 | 56,317 | 105,975 |
P&L
March 2023turnover
1.2m
+73%
operating profit
181.9k
0%
gross margin
11.1%
-5.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
197.5k
+4.09%
total assets
499.2k
+0.18%
cash
309.6k
-0.12%
net assets
Total assets minus all liabilities
Similar Companies
remove my car ltd company details
company number
07978223
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
March 2012
age
12
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
1st floor cashs business centre, 228 widdrington road, coventry, west midlands, CV1 4PB
last accounts submitted
March 2023
remove my car 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 remove my car ltd.
remove my car ltd Companies House Filings - See Documents
| date | description | view/download |
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