german spare parts limited
german spare parts limited Company Information
Company Number
08519865
Next Accounts
Feb 2025
Directors
Shareholders
karim mirza turkemani
rahim mirzai
Group Structure
View All
Industry
Retail trade of motor vehicle parts and accessories
Registered Address
unit1 clapgate, chivers road, stondon massey, brentwood, CM15 0LH
Website
www.germansparepartsltd.comgerman spare parts limited Estimated Valuation
Pomanda estimates the enterprise value of GERMAN SPARE PARTS LIMITED at £45.4k based on a Turnover of £194.7k and 0.23x industry multiple (adjusted for size and gross margin).
german spare parts limited Estimated Valuation
Pomanda estimates the enterprise value of GERMAN SPARE PARTS LIMITED at £12k based on an EBITDA of £4.5k and a 2.67x industry multiple (adjusted for size and gross margin).
german spare parts limited Estimated Valuation
Pomanda estimates the enterprise value of GERMAN SPARE PARTS LIMITED at £261.5k based on Net Assets of £99.2k and 2.64x industry multiple (adjusted for liquidity).
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German Spare Parts Limited Overview
German Spare Parts Limited is a live company located in brentwood, CM15 0LH with a Companies House number of 08519865. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in May 2013, it's largest shareholder is karim mirza turkemani with a 50% stake. German Spare Parts Limited is a established, micro sized company, Pomanda has estimated its turnover at £194.7k with declining growth in recent years.
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German Spare Parts Limited Health Check
Pomanda's financial health check has awarded German Spare Parts Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £194.7k, make it smaller than the average company (£3.1m)
- German Spare Parts Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (6.2%)
- German Spare Parts Limited
6.2% - Industry AVG
Production
with a gross margin of 16.7%, this company has a higher cost of product (28.4%)
- German Spare Parts Limited
28.4% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (4.2%)
- German Spare Parts Limited
4.2% - Industry AVG
Employees
with 4 employees, this is below the industry average (27)
4 - German Spare Parts Limited
27 - Industry AVG
Pay Structure
on an average salary of £28.9k, the company has an equivalent pay structure (£28.9k)
- German Spare Parts Limited
£28.9k - Industry AVG
Efficiency
resulting in sales per employee of £48.7k, this is less efficient (£171.2k)
- German Spare Parts Limited
£171.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- German Spare Parts Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (48 days)
- German Spare Parts Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 229 days, this is more than average (64 days)
- German Spare Parts Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1956 weeks, this is more cash available to meet short term requirements (13 weeks)
1956 weeks - German Spare Parts Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.5%, this is a lower level of debt than the average (65.8%)
40.5% - German Spare Parts Limited
65.8% - Industry AVG
GERMAN SPARE PARTS LIMITED financials
German Spare Parts Limited's latest turnover from May 2023 is estimated at £194.7 thousand and the company has net assets of £99.2 thousand. According to their latest financial statements, German Spare Parts Limited has 4 employees and maintains cash reserves of £40.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4 | 3 | 3 | 3 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,000 | 0 | 0 | 0 | 0 | 0 | 5,729 | 4,107 | 1,009 | 1,230 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 24,000 | 0 | 0 | 0 | 0 | 0 | 5,729 | 4,107 | 1,009 | 1,230 |
| Stock & work in progress | 102,156 | 93,656 | 61,135 | 0 | 0 | 79,971 | 94,085 | 99,321 | 106,642 | 55,172 |
| Trade Debtors | 0 | 7,443 | 28,183 | 164,000 | 136,507 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 329 | 0 | 0 | 0 |
| Cash | 40,476 | 32,781 | 125,120 | 0 | 0 | 3,216 | 3,216 | 4,577 | 2,310 | 1,582 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 142,632 | 133,880 | 214,438 | 164,000 | 136,507 | 83,187 | 97,630 | 103,898 | 108,952 | 56,754 |
| total assets | 166,632 | 133,880 | 214,438 | 164,000 | 136,507 | 83,187 | 103,359 | 108,005 | 109,961 | 57,984 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,076 | 3,829 | 9,570 | 35,369 | 24,069 | 13,309 | 14,763 | 17,537 | 29,957 | 24,551 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 1,094 | 4,478 | 4,148 | 0 | 0 |
| total current liabilities | 1,076 | 3,829 | 9,570 | 35,369 | 24,069 | 14,403 | 19,241 | 21,685 | 29,957 | 24,551 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 66,396 | 35,480 | 126,621 | 91,182 | 97,968 | 60,000 | 80,000 | 84,000 | 84,000 | 70,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 66,396 | 35,480 | 126,621 | 91,182 | 97,968 | 60,000 | 80,000 | 84,000 | 84,000 | 70,000 |
| total liabilities | 67,472 | 39,309 | 136,191 | 126,551 | 122,037 | 74,403 | 99,241 | 105,685 | 113,957 | 94,551 |
| net assets | 99,160 | 94,571 | 78,247 | 37,449 | 14,470 | 8,784 | 4,118 | 2,320 | -3,996 | -36,567 |
| total shareholders funds | 99,160 | 94,571 | 78,247 | 37,449 | 14,470 | 8,784 | 4,118 | 2,320 | -3,996 | -36,567 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1,257 | 902 | 221 | 270 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 8,500 | 32,521 | 61,135 | 0 | -79,971 | -14,114 | -5,236 | -7,321 | 51,470 | 55,172 |
| Debtors | -7,443 | -20,740 | -135,817 | 27,493 | 136,507 | -329 | 329 | 0 | 0 | 0 |
| Creditors | -2,753 | -5,741 | -25,799 | 11,300 | 10,760 | -1,454 | -2,774 | -12,420 | 5,406 | 24,551 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -1,094 | -3,384 | 330 | 4,148 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 30,916 | -91,141 | 35,439 | -6,786 | 37,968 | -20,000 | -4,000 | 0 | 14,000 | 70,000 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 7,695 | -92,339 | 125,120 | 0 | -3,216 | 0 | -1,361 | 2,267 | 728 | 1,582 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 7,695 | -92,339 | 125,120 | 0 | -3,216 | 0 | -1,361 | 2,267 | 728 | 1,582 |
german spare parts limited Credit Report and Business Information
German Spare Parts Limited Competitor Analysis
Perform a competitor analysis for german spare parts limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in CM15 area or any other competitors across 12 key performance metrics.
german spare parts limited Ownership
GERMAN SPARE PARTS LIMITED group structure
German Spare Parts Limited has no subsidiary companies.
Ultimate parent company
GERMAN SPARE PARTS LIMITED
08519865
german spare parts limited directors
German Spare Parts Limited currently has 1 director, Mr Karim Turkemani serving since Feb 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Karim Turkemani | England | 50 years | Feb 2022 | - | Director |
P&L
May 2023turnover
194.7k
+54%
operating profit
4.5k
0%
gross margin
16.7%
-3.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
99.2k
+0.05%
total assets
166.6k
+0.24%
cash
40.5k
+0.23%
net assets
Total assets minus all liabilities
german spare parts limited company details
company number
08519865
Type
Private limited with Share Capital
industry
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
May 2013
age
12
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
May 2023
previous names
N/A
accountant
EDGWARE ACCOUNTANTS AND TAX ADVISORS LTD
auditor
-
address
unit1 clapgate, chivers road, stondon massey, brentwood, CM15 0LH
Bank
-
Legal Advisor
-
german spare parts 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 german spare parts limited.
german spare parts limited 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.
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german spare parts limited Companies House Filings - See Documents
| date | description | view/download |
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