Rims & Motors Ltd

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rims & motors ltd Company Information

Live

EstablishedSmallDeclining

Company Number

07995518

Website

www.rimsmotors.co.uk

Registered Address

rims motors lyme street, rotherham, south yorkshire, S60 1EH

Industry

Sale of used cars and light motor vehicles

Telephone

01709561909

Next Accounts Due

December 2024

Group Structure

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Directors

Caroline Corker12 Years

Shakeel Khan7 Years

Shareholders

caroline corker 50%

shakeel khan 50%

rims & motors ltd Estimated Valuation

£0 - £405.3k

The estimated valuation range for rims & motors ltd, derived from financial data as of March 2023 and the most recent industry multiples, is between £0 to £405.3k

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Rims & Motors Ltd is a live company located in south yorkshire, S60 1EH with a Companies House number of 07995518. 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 caroline corker with a 50% stake. Rims & Motors Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Rims & Motors Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIMS & MOTORS LTD group structure

Rims & Motors Ltd has no subsidiary companies.

Ultimate parent company

RIMS & MOTORS LTD

07995518

RIMS & MOTORS LTD Shareholders

caroline corker	50%
shakeel khan	50%

Rims & Motors Ltd currently has 2 directors. The longest serving directors include Miss Caroline Corker (Mar 2012) and Mr Shakeel Khan (Apr 2017).

officer	country	age	start	end	role
Miss Caroline Corker	United Kingdom	38 years	Mar 2012	-	Director
Mr Shakeel Khan		44 years	Apr 2017	-	Director

EXPORT

Rims & Motors Ltd's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of -£36 thousand. According to their latest financial statements, Rims & Motors Ltd has 3 employees and maintains cash reserves of £2.9 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	1,774,203	2,548,375	2,081,496	2,691,064	2,760,898	3,371,030	3,381,893	2,990,188	4,581,323	2,437,346	942,687
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,578,656	2,250,787	1,859,801	2,375,488	2,446,189	2,988,310	2,997,474	2,616,814	3,996,127	2,140,538	832,000
Gross Profit	195,548	297,588	221,695	315,577	314,709	382,720	384,419	373,374	585,196	296,808	110,686
Admin Expenses	223,524	314,463	222,982	326,675	334,720	408,044	387,208	357,043	520,025	294,409	104,488
Operating Profit	-27,976	-16,875	-1,287	-11,098	-20,011	-25,324	-2,789	16,331	65,171	2,399	6,198
Interest Payable	1,984	0	0	0	0	0	0	0	0	0	0
Interest Receivable	127	21	1	1	11	22	16	28	14	22	21
Pre-Tax Profit	-29,833	-16,854	-1,286	-11,097	-20,000	-25,302	-2,773	16,359	65,185	2,421	6,220
Tax	0	0	0	0	0	0	0	-3,272	-13,689	-557	-1,493
Profit After Tax	-29,833	-16,854	-1,286	-11,097	-20,000	-25,302	-2,773	13,087	51,496	1,864	4,727
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-29,833	-16,854	-1,286	-11,097	-20,000	-25,302	-2,773	13,087	51,496	1,864	4,727
Employee Costs	96,480	123,202	56,870	115,802	86,135	167,664	166,800	132,631	290,303	177,561	76,016
Number Of Employees	3	4	2	4	3	6	6	5	11	7	3
EBITDA*	-27,976	-16,875	-3	-11,098	-20,011	-23,778	-726	16,331	65,171	2,399	6,198

* 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	2,891	3,856	3,856	5,140	4,641	4,641	6,187	8,250	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	2,891	3,856	3,856	5,140	4,641	4,641	6,187	8,250	0	0	0
Stock & work in progress	605,000	615,000	620,000	620,000	630,500	630,500	632,000	591,265	471,300	233,790	108,944
Trade Debtors	0	0	0	0	0	0	0	0	0	0	340
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	27,405	35,683	22,524	26,519	39,436	39,436	0	0	0	0	0
Cash	2,878	3,078	2,501	380	1,401	1,401	7,525	5,597	5,597	108	8,532
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	635,283	653,761	645,025	646,899	671,337	671,337	639,525	596,862	476,897	233,898	117,816
total assets	638,174	657,617	648,881	652,039	675,978	675,978	645,712	605,112	476,897	233,898	117,816
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	5,342	0	0	0	0	0	0	0	418,808	227,305	113,087
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	163,358	663,020	637,186	639,058	651,995	631,995	576,133	532,286	0	0	0
total current liabilities	168,700	663,020	637,186	639,058	651,995	631,995	576,133	532,286	418,808	227,305	113,087
loans	38,707	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	466,187	0	0	0	0	0	0	0	0	0	0
provisions	549	733	977	977	882	882	1,176	1,650	0	0	0
total long term liabilities	505,443	733	977	977	882	882	1,176	1,650	0	0	0
total liabilities	674,143	663,753	638,163	640,035	652,877	632,877	577,309	533,936	418,808	227,305	113,087
net assets	-35,969	-6,136	10,718	12,004	23,101	43,101	68,403	71,176	58,089	6,593	4,729
total shareholders funds	-35,969	-6,136	10,718	12,004	23,101	43,101	68,403	71,176	58,089	6,593	4,729

	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	-27,976	-16,875	-1,287	-11,098	-20,011	-25,324	-2,789	16,331	65,171	2,399	6,198
Depreciation	0	0	1,284	0	0	1,546	2,063	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	-3,272	-13,689	-557	-1,493
Stock	-10,000	-5,000	0	-10,500	0	-1,500	40,735	119,965	237,510	124,846	108,944
Debtors	-8,278	13,159	-3,995	-12,917	0	39,436	0	0	0	-340	340
Creditors	5,342	0	0	0	0	0	0	-418,808	191,503	114,218	113,087
Accruals and Deferred Income	-499,662	25,834	-1,872	-12,937	20,000	55,862	43,847	532,286	0	0	0
Deferred Taxes & Provisions	-184	-244	0	95	0	-294	-474	1,650	0	0	0
Cash flow from operations	-504,202	556	2,120	-523	-11	-6,146	1,912	8,222	5,475	-8,446	8,508
Investing Activities
capital expenditure	965	0	0	-499	0	0	0	-8,250	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	965	0	0	-499	0	0	0	-8,250	0	0	0
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	38,707	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	466,187	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	2
interest	-1,857	21	1	1	11	22	16	28	14	22	21
cash flow from financing	503,037	21	1	1	11	22	16	28	14	22	23
cash and cash equivalents
cash	-200	577	2,121	-1,021	0	-6,124	1,928	0	5,489	-8,424	8,532
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-200	577	2,121	-1,021	0	-6,124	1,928	0	5,489	-8,424	8,532

P&L

March 2023

turnover

1.8m

-30%

operating profit

-28k

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 2023

net assets

-36k

+4.86%

total assets

638.2k

-0.03%

cash

2.9k

-0.06%

net assets

Total assets minus all liabilities

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company number

07995518

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

March 2012

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

rims motors lyme street, rotherham, south yorkshire, S60 1EH

last accounts submitted

March 2023

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 rims & motors ltd.

rims & motors ltd Company Information

rims & motors ltd Estimated Valuation

rims & motors ltd Estimated Valuation

rims & motors ltd Estimated Valuation

Rims & Motors Ltd AI Business Plan

Rims & Motors Ltd Overview

Rims & Motors Ltd Health Check

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rims & motors ltd Ownership

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RIMS & MOTORS LTD financials

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