Pomanda estimates the enterprise value of EASYDRIVE CARS LTD at £681.2k based on a Turnover of £2.6m and 0.26x industry multiple (adjusted for size and gross margin).
easydrive cars ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of EASYDRIVE CARS LTD at £1.3m based on an EBITDA of £368.7k and a 3.51x industry multiple (adjusted for size and gross margin).
easydrive cars ltdEstimated Valuation
£873.8k
Pomanda estimates the enterprise value of EASYDRIVE CARS LTD at £873.8k based on Net Assets of £314.2k and 2.78x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Easydrive Cars LtdOverview
Easydrive Cars Ltd is a live company located in county durham, DL3 0RP with a Companies House number of 08428192. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in March 2013, it's largest shareholder is
terry miller
with a 100% stake. Easydrive Cars Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£2.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Easydrive Cars Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
2 Regular
3 Weak
Size
annual sales of £2.6m, make it in line with the average company (£2.6m)
£2.6m - Easydrive Cars Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 82%, show it is growing at a faster rate (7.2%)
82% - Easydrive Cars Ltd
7.2% - Industry AVG
Production
with a gross margin of 7.3%, this company has a higher cost of product (11.5%)
7.3% - Easydrive Cars Ltd
11.5% - Industry AVG
Profitability
an operating margin of 14.1% make it more profitable than the average company (2.6%)
14.1% - Easydrive Cars Ltd
2.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (25)
4 - Easydrive Cars Ltd
25 - Industry AVG
Pay Structure
on an average salary of £28.9k, the company has an equivalent pay structure (£28.9k)
£28.9k - Easydrive Cars Ltd
£28.9k - Industry AVG
Efficiency
resulting in sales per employee of £653.7k, this is more efficient (£462.5k)
£653.7k - Easydrive Cars Ltd
£462.5k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (9 days)
64 days - Easydrive Cars Ltd
9 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is slower than average (15 days)
22 days - Easydrive Cars Ltd
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Easydrive Cars Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Easydrive Cars Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.2%, this is a lower level of debt than the average (72.7%)
32.2% - Easydrive Cars Ltd
72.7% - Industry AVG
EASYDRIVE CARS LTD financials
EXPORT
Easydrive Cars Ltd's latest turnover from March 2019 is estimated at £2.6 million and the company has net assets of £314.2 thousand. According to their latest financial statements, we estimate that Easydrive Cars Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Turnover
2,614,886
487,010
780,365
434,722
418,281
196,343
Other Income Or Grants
Cost Of Sales
2,424,239
451,558
721,500
398,753
383,219
182,144
Gross Profit
190,647
35,452
58,865
35,969
35,062
14,200
Admin Expenses
-178,037
34,225
45,316
38,598
35,979
4,963
Operating Profit
368,684
1,227
13,549
-2,629
-917
9,237
Interest Payable
Interest Receivable
16
74
62
20
Pre-Tax Profit
368,684
1,227
13,565
-2,555
-855
9,257
Tax
-70,050
-233
-2,713
-2,129
Profit After Tax
298,634
994
10,852
-2,555
-855
7,128
Dividends Paid
Retained Profit
298,634
994
10,852
-2,555
-855
7,128
Employee Costs
115,564
28,277
55,762
26,756
26,335
25,064
Number Of Employees
4
1
2
1
1
1
EBITDA*
368,684
1,227
13,549
-2,451
-739
9,415
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Tangible Assets
177
355
533
711
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
177
355
533
711
Stock & work in progress
71,255
67,928
35,340
Trade Debtors
463,578
61,545
63,538
Group Debtors
Misc Debtors
Cash
12,587
16,910
7,926
misc current assets
total current assets
463,578
61,545
63,538
83,842
84,838
43,266
total assets
463,578
61,545
63,715
84,197
85,371
43,977
Bank overdraft
Bank loan
Trade Creditors
149,380
45,981
49,145
80,379
78,998
36,749
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
149,380
45,981
49,145
80,379
78,998
36,749
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
149,380
45,981
49,145
80,379
78,998
36,749
net assets
314,198
15,564
14,570
3,818
6,373
7,228
total shareholders funds
314,198
15,564
14,570
3,818
6,373
7,228
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Operating Activities
Operating Profit
368,684
1,227
13,549
-2,629
-917
9,237
Depreciation
178
178
178
Amortisation
Tax
-70,050
-233
-2,713
-2,129
Stock
-71,255
3,327
32,588
35,340
Debtors
402,033
-1,993
63,538
Creditors
103,399
-3,164
-31,234
1,381
42,249
36,749
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-177
-12,681
-4,397
8,922
8,695
Investing Activities
capital expenditure
177
178
-889
Change in Investments
cash flow from investments
177
178
-889
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-100
100
interest
16
74
62
20
cash flow from financing
-84
74
62
120
cash and cash equivalents
cash
-12,587
-4,323
8,984
7,926
overdraft
change in cash
-12,587
-4,323
8,984
7,926
easydrive cars ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for easydrive cars ltd. Get real-time insights into easydrive cars ltd's credit score, group structure and payment trends.
Perform a competitor analysis for easydrive cars ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in DL3 area or any other competitors across 12 key performance metrics.
easydrive cars ltd Ownership
EASYDRIVE CARS LTD group structure
Easydrive Cars Ltd has no subsidiary companies.
Ultimate parent company
EASYDRIVE CARS LTD
08428192
EASYDRIVE CARS LTD Shareholders
The sole shareholder of Easydrive Cars Ltd is Terry Miller.
terry miller
100%
easydrive cars ltd directors
Easydrive Cars Ltd currently has 1 director, Mr Terry Miller serving since Sep 2017.
45112 - Sale of used cars and light motor vehicles
incorporation date
March 2013
age
12
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2019
previous names
N/A
accountant
-
auditor
-
address
398 whessoe road, darlington, county durham, DL3 0RP
Bank
-
Legal Advisor
-
easydrive cars 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 easydrive cars ltd.
easydrive cars ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for EASYDRIVE CARS LTD. This can take several minutes, an email will notify you when this has completed.
easydrive cars ltdCompanies House Filings - See Documents
