Saabtech Parts Europe Limited

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saabtech parts europe limited Company Information

Live

EstablishedSmallDeclining

Company Number

08039964

Website

www.saabtechwelwyn.co.uk

Registered Address

4 park end, harlow business park, harlow, CM19 5QF

Industry

Wholesale trade of motor vehicle parts and accessories

Telephone

01707379950

Next Accounts Due

December 2024

Group Structure

View All

Directors

Dean Gilchrist12 Years

Shareholders

dean gilchrist 100%

saabtech parts europe limited Estimated Valuation

£308.7k

Pomanda estimates the enterprise value of SAABTECH PARTS EUROPE LIMITED at £308.7k based on Net Assets of £121.6k and 2.54x industry multiple (adjusted for liquidity).

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Saabtech Parts Europe Limited is a live company located in harlow, CM19 5QF with a Companies House number of 08039964. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in April 2012, it's largest shareholder is dean gilchrist with a 100% stake. Saabtech Parts Europe Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Saabtech Parts Europe Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£16.8m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (6.3%)

EXPORT

Saabtech Parts Europe Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £121.6 thousand. According to their latest financial statements, Saabtech Parts Europe Limited has 4 employees and maintains cash reserves of 0 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	1,558,994	1,552,187	1,627,382	2,313,489	1,749,733	1,685,152	2,256,418	1,099,321	997,132	581,886	482,863
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,310,787	1,301,668	1,368,875	1,953,076	1,441,882	1,392,153	1,846,294	895,606	808,775	475,403	400,692
Gross Profit	248,207	250,519	258,507	360,414	307,851	292,999	410,123	203,716	188,356	106,482	82,170
Admin Expenses	210,030	294,983	249,932	395,392	309,436	305,730	340,975	190,122	138,858	17,104	78,900
Operating Profit	38,177	-44,464	8,575	-34,978	-1,585	-12,731	69,148	13,594	49,498	89,378	3,270
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	30	404	389	197	151
Pre-Tax Profit	38,177	-44,464	8,575	-34,978	-1,585	-12,731	69,179	13,998	49,887	89,575	3,421
Tax	-7,254	0	-1,629	0	0	0	-13,836	-2,799	-10,476	-20,602	-821
Profit After Tax	30,923	-44,464	6,946	-34,978	-1,585	-12,731	55,343	11,198	39,411	68,973	2,600
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	30,923	-44,464	6,946	-34,978	-1,585	-12,731	55,343	11,198	39,411	68,973	2,600
Employee Costs	136,871	131,985	131,379	128,059	123,536	122,283	120,024	86,477	83,818	55,667	55,148
Number Of Employees	4	4	4	4	4	4	4	3	3	2	2
EBITDA*	38,177	-44,464	8,575	-34,978	-1,585	-12,731	69,148	15,857	51,092	91,341	3,270

* 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	14,379	14,190	20,298	8,059	10,729	11,084	9,145	8,062	5,065	6,099	3,000
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	14,379	14,190	20,298	8,059	10,729	11,084	9,145	8,062	5,065	6,099	3,000
Stock & work in progress	0	0	0	0	0	0	0	343,206	326,162	167,023	122,587
Trade Debtors	516,132	512,205	574,109	691,519	562,625	552,951	741,087	216,425	150,962	121,740	71,937
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	14,988	13,320	10,124	2,808	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	24,364	137,070	18,656	60,302
misc current assets	0	0	0	0	4,864	5,692	4,973	0	0	0	0
total current assets	531,120	525,525	584,233	694,327	567,489	558,643	746,060	583,995	614,194	307,419	254,826
total assets	545,499	539,715	604,531	702,386	578,218	569,727	755,205	592,057	619,259	313,518	257,826
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	342,045	331,465	304,888	572,635	392,914	403,275	575,091	469,775	508,175	241,845	255,126
Group/Directors Accounts	0	0	0	0	21,095	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	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	342,045	331,465	304,888	572,635	414,009	403,275	575,091	469,775	508,175	241,845	255,126
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	2,500	2,745	4,049	1,520	1,000	1,658	2,589	0	0	0	0
other liabilities	79,318	114,792	160,417	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	81,818	117,537	164,466	1,520	1,000	1,658	2,589	0	0	0	0
total liabilities	423,863	449,002	469,354	574,155	415,009	404,933	577,680	469,775	508,175	241,845	255,126
net assets	121,636	90,713	135,177	128,231	163,209	164,794	177,525	122,282	111,084	71,673	2,700
total shareholders funds	121,636	90,713	135,177	128,231	163,209	164,794	177,525	122,282	111,084	71,673	2,700

	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	38,177	-44,464	8,575	-34,978	-1,585	-12,731	69,148	13,594	49,498	89,378	3,270
Depreciation	0	0	0	0	0	0	0	2,263	1,594	1,963	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,254	0	-1,629	0	0	0	-13,836	-2,799	-10,476	-20,602	-821
Stock	0	0	0	0	0	0	-343,206	17,044	159,139	44,436	122,587
Debtors	5,595	-58,708	-110,094	131,702	9,674	-188,136	524,662	65,463	29,222	49,803	71,937
Creditors	10,580	26,577	-267,747	179,721	-10,361	-171,816	105,316	-38,400	266,330	-13,281	255,126
Accruals and Deferred Income	-245	-1,304	2,529	520	-658	-931	2,589	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	35,663	39,517	-148,178	13,561	-22,278	2,658	-18,239	-107,849	118,585	-36,781	63,051
Investing Activities
capital expenditure	-189	6,108	-12,239	2,670	355	-1,939	-1,083	-5,260	-560	-5,062	-3,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-189	6,108	-12,239	2,670	355	-1,939	-1,083	-5,260	-560	-5,062	-3,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-21,095	21,095	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	-35,474	-45,625	160,417	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	30	404	389	197	151
cash flow from financing	-35,474	-45,625	160,417	-21,095	21,095	0	-70	404	389	197	251
cash and cash equivalents
cash	0	0	0	0	0	0	-24,364	-112,706	118,414	-41,646	60,302
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-24,364	-112,706	118,414	-41,646	60,302

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SAABTECH PARTS EUROPE LIMITED group structure

Saabtech Parts Europe Limited has no subsidiary companies.

Ultimate parent company

SAABTECH PARTS EUROPE LIMITED

08039964

SAABTECH PARTS EUROPE LIMITED Shareholders

dean gilchrist

100%

Saabtech Parts Europe Limited currently has 1 director, Mr Dean Gilchrist serving since Apr 2012.

officer	country	age	start	end	role
Mr Dean Gilchrist	England	60 years	Apr 2012	-	Director

P&L

March 2023

turnover

1.6m

operating profit

38.2k

gross margin

16%

-1.36%

turnover

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

Balance Sheet

March 2023

net assets

121.6k

+0.34%

total assets

545.5k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

08039964

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

April 2012

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

saab parts welwyn limited (April 2012)

incorporated

address

4 park end, harlow business park, harlow, CM19 5QF

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 saabtech parts europe limited.

saabtech parts europe limited Company Information

saabtech parts europe limited Estimated Valuation

saabtech parts europe limited Estimated Valuation

saabtech parts europe limited Estimated Valuation

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SAABTECH PARTS EUROPE LIMITED financials

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