spec autos limited
spec autos limited Company Information
Company Number
08160179
Website
-Registered Address
langley house park road, east finchley, london, N2 8EY
Industry
Sale of used cars and light motor vehicles
Telephone
-
Next Accounts Due
April 2024
Group Structure
View All
Directors
Vivien Ulakatu11 Years
Shareholders
vivien uyor ulakatu 100%
spec autos limited Estimated Valuation
The estimated valuation range for spec autos limited, derived from financial data as of July 2016 and the most recent industry multiples, is between £0 to £266.9k
spec autos limited Estimated Valuation
The estimated valuation range for spec autos limited, derived from financial data as of July 2016 and the most recent industry multiples, is between £0 to £266.9k
spec autos limited Estimated Valuation
The estimated valuation range for spec autos limited, derived from financial data as of July 2016 and the most recent industry multiples, is between £0 to £266.9k
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Spec Autos Limited Overview
Spec Autos Limited is a dissolved company that was located in london, N2 8EY with a Companies House number of 08160179. It operated in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in July 2012, it's largest shareholder was vivien uyor ulakatu with a 100% stake. The last turnover for Spec Autos Limited was estimated at £1.4m.
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Spec Autos Limited Health Check
Pomanda's financial health check has awarded Spec Autos Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.1m)
- Spec Autos Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.4%)
- Spec Autos Limited
7.4% - Industry AVG
Production
with a gross margin of 8.1%, this company has a higher cost of product (12.3%)
- Spec Autos Limited
12.3% - Industry AVG
Profitability
an operating margin of -6.3% make it less profitable than the average company (2.9%)
- Spec Autos Limited
2.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (30)
- Spec Autos Limited
30 - Industry AVG
Pay Structure
on an average salary of £27.3k, the company has an equivalent pay structure (£27.3k)
- Spec Autos Limited
£27.3k - Industry AVG
Efficiency
resulting in sales per employee of £688k, this is more efficient (£472.1k)
- Spec Autos Limited
£472.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Spec Autos Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is slower than average (15 days)
- Spec Autos Limited
15 days - Industry AVG
Stock Days
it holds stock equivalent to 131 days, this is more than average (55 days)
- Spec Autos Limited
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (7 weeks)
5 weeks - Spec Autos Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.1%, this is a higher level of debt than the average (70.4%)
119.1% - Spec Autos Limited
70.4% - Industry AVG
spec autos limited Credit Report and Business Information
Spec Autos Limited Competitor Analysis
Perform a competitor analysis for spec autos limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
spec autos limited Ownership
SPEC AUTOS LIMITED group structure
Spec Autos Limited has no subsidiary companies.
Ultimate parent company
SPEC AUTOS LIMITED
08160179
spec autos limited directors
Spec Autos Limited currently has 1 director, Miss Vivien Ulakatu serving since Jul 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Vivien Ulakatu | United Kingdom | 42 years | Jul 2012 | - | Director |
SPEC AUTOS LIMITED financials
Spec Autos Limited's latest turnover from July 2016 is estimated at £1.4 million and the company has net assets of -£89.3 thousand. According to their latest financial statements, we estimate that Spec Autos Limited has 2 employees and maintains cash reserves of £7.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2016 | Jul 2015 | Jul 2014 | Jul 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|
| Tangible Assets | 3,375 | 3,750 | 7,500 | 11,250 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,375 | 3,750 | 7,500 | 11,250 |
| Stock & work in progress | 456,921 | 590,266 | 568,167 | 188,364 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 7,897 | 7,897 | 2,317 | 59,378 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 464,818 | 598,163 | 570,484 | 247,742 |
| total assets | 468,193 | 601,913 | 577,984 | 258,992 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 77,488 | 123,850 | 87,303 | 80,030 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 77,488 | 123,850 | 87,303 | 80,030 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 480,000 | 480,000 | 478,218 | 178,526 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 480,000 | 480,000 | 478,218 | 178,526 |
| total liabilities | 557,488 | 603,850 | 565,521 | 258,556 |
| net assets | -89,295 | -1,937 | 12,463 | 436 |
| total shareholders funds | -89,295 | -1,937 | 12,463 | 436 |
| Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 375 | 3,750 | 3,750 | |
| Amortisation | 0 | 0 | 0 | |
| Tax | ||||
| Stock | -133,345 | 22,099 | 379,803 | 188,364 |
| Debtors | 0 | 0 | 0 | 0 |
| Creditors | -46,362 | 36,547 | 7,273 | 80,030 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 1,782 | 299,692 | 178,526 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 5,580 | -57,061 | 59,378 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 5,580 | -57,061 | 59,378 |
P&L
July 2016turnover
1.4m
-26%
operating profit
-87.4k
0%
gross margin
8.1%
-5.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2016net assets
-89.3k
+45.1%
total assets
468.2k
-0.22%
cash
7.9k
0%
net assets
Total assets minus all liabilities
Similar Companies
spec autos limited company details
company number
08160179
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
July 2012
age
12
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
incorporated
UK
address
langley house park road, east finchley, london, N2 8EY
last accounts submitted
July 2016
spec autos limited 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 spec autos limited.
spec autos limited Companies House Filings - See Documents
| date | description | view/download |
|---|
