avantgarde classics ltd
avantgarde classics ltd Company Information
Company Number
08718511
Website
www.avantgardecars.co.ukRegistered Address
the old council chambers, halford street, tamworth, staffordshire, B79 7RB
Industry
Sale of other motor vehicles
Telephone
01827288177
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
jonathon aucott 100%
avantgarde classics ltd Estimated Valuation
Pomanda estimates the enterprise value of AVANTGARDE CLASSICS LTD at £330.6k based on a Turnover of £1.3m and 0.26x industry multiple (adjusted for size and gross margin).
avantgarde classics ltd Estimated Valuation
Pomanda estimates the enterprise value of AVANTGARDE CLASSICS LTD at £47.7k based on an EBITDA of £14.3k and a 3.33x industry multiple (adjusted for size and gross margin).
avantgarde classics ltd Estimated Valuation
Pomanda estimates the enterprise value of AVANTGARDE CLASSICS LTD at £535.6k based on Net Assets of £182.6k and 2.93x industry multiple (adjusted for liquidity).
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Avantgarde Classics Ltd Overview
Avantgarde Classics Ltd is a live company located in tamworth, B79 7RB with a Companies House number of 08718511. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in October 2013, it's largest shareholder is jonathon aucott with a 100% stake. Avantgarde Classics Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.
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Avantgarde Classics Ltd Health Check
Pomanda's financial health check has awarded Avantgarde Classics Ltd a 2 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
2 Regular
8 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£23.8m)
- Avantgarde Classics Ltd
£23.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.4%)
- Avantgarde Classics Ltd
7.4% - Industry AVG
Production
with a gross margin of 14.4%, this company has a comparable cost of product (14.4%)
- Avantgarde Classics Ltd
14.4% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (4.1%)
- Avantgarde Classics Ltd
4.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (49)
2 - Avantgarde Classics Ltd
49 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
- Avantgarde Classics Ltd
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £630.3k, this is more efficient (£539.6k)
- Avantgarde Classics Ltd
£539.6k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (19 days)
- Avantgarde Classics Ltd
19 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (44 days)
- Avantgarde Classics Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 218 days, this is more than average (79 days)
- Avantgarde Classics Ltd
79 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (10 weeks)
4 weeks - Avantgarde Classics Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.3%, this is a higher level of debt than the average (67.5%)
75.3% - Avantgarde Classics Ltd
67.5% - Industry AVG
AVANTGARDE CLASSICS LTD financials
Avantgarde Classics Ltd's latest turnover from October 2023 is estimated at £1.3 million and the company has net assets of £182.6 thousand. According to their latest financial statements, Avantgarde Classics Ltd has 2 employees and maintains cash reserves of £25 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 554,346 | |||||||||
| Other Income Or Grants | 0 | |||||||||
| Cost Of Sales | 464,268 | |||||||||
| Gross Profit | 90,078 | |||||||||
| Admin Expenses | 20,252 | |||||||||
| Operating Profit | 69,826 | |||||||||
| Interest Payable | ||||||||||
| Interest Receivable | 0 | |||||||||
| Pre-Tax Profit | 66,825 | |||||||||
| Tax | -13,360 | |||||||||
| Profit After Tax | 53,465 | |||||||||
| Dividends Paid | 0 | |||||||||
| Retained Profit | 53,465 | |||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | ||||
| EBITDA* | 69,826 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,376 | 19,981 | 5,195 | 5,199 | 5,739 | 14,023 | 57,922 | 53,094 | 24,828 | 213 |
| Intangible Assets | 1,461 | 1,826 | 2,282 | 2,853 | 3,566 | 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 | 19,837 | 21,807 | 7,477 | 8,052 | 9,305 | 14,023 | 57,922 | 53,094 | 24,828 | 213 |
| Stock & work in progress | 644,700 | 890,901 | 555,529 | 471,000 | 705,513 | 644,582 | 564,026 | 507,135 | 589,716 | 543,915 |
| Trade Debtors | 50,000 | 0 | 0 | 0 | 620 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 281 | 2,775 | 142 | 412 | 0 | 5,975 | 0 | 0 | 0 | 0 |
| Cash | 24,957 | 70,156 | 59,719 | 288,994 | 20,165 | 12,681 | 34 | 31,059 | 1,109 | 499 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 719,938 | 963,832 | 615,390 | 760,406 | 726,298 | 663,238 | 564,060 | 538,194 | 590,825 | 544,414 |
| total assets | 739,775 | 985,639 | 622,867 | 768,458 | 735,603 | 677,261 | 621,982 | 591,288 | 615,653 | 544,627 |
| Bank overdraft | 10,000 | 10,000 | 10,000 | 4,167 | 0 | 0 | 14,414 | 0 | 0 | 42,478 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,821 | 4,409 | 3,039 | 10,283 | 9,551 | 8,807 | 16,884 | 153,596 | 196,604 | 39,483 |
| 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 | 274,928 | 505,755 | 128,689 | 173,539 | 354,013 | 252,755 | 33,031 | 0 | 0 | 33,811 |
| total current liabilities | 287,749 | 520,164 | 141,728 | 187,989 | 363,564 | 261,562 | 64,329 | 153,596 | 196,604 | 115,772 |
| loans | 266,667 | 26,667 | 36,667 | 45,833 | 0 | 0 | 319,528 | 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 | 0 | 250,000 | 250,000 | 450,000 | 250,000 | 250,000 | 0 | 244,024 | 246,818 | 375,290 |
| provisions | 2,800 | 3,300 | 1,500 | 1,500 | 1,500 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 269,467 | 279,967 | 288,167 | 497,333 | 251,500 | 250,000 | 319,528 | 244,024 | 246,818 | 375,290 |
| total liabilities | 557,216 | 800,131 | 429,895 | 685,322 | 615,064 | 511,562 | 383,857 | 397,620 | 443,422 | 491,062 |
| net assets | 182,559 | 185,508 | 192,972 | 83,136 | 120,539 | 165,699 | 238,125 | 193,668 | 172,231 | 53,565 |
| total shareholders funds | 182,559 | 185,508 | 192,972 | 83,136 | 120,539 | 165,699 | 238,125 | 193,668 | 172,231 | 53,565 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 69,826 | |||||||||
| Depreciation | 2,045 | 1,325 | 1,364 | 1,147 | 2,433 | 9,394 | 6,626 | 6,749 | 7,731 | 0 |
| Amortisation | 365 | 456 | 571 | 713 | 549 | 0 | 0 | 0 | 0 | 0 |
| Tax | -13,360 | |||||||||
| Stock | -246,201 | 335,372 | 84,529 | -234,513 | 60,931 | 80,556 | 56,891 | -82,581 | 45,801 | 543,915 |
| Debtors | 47,506 | 2,633 | -270 | -208 | -5,355 | 5,975 | 0 | 0 | 0 | 0 |
| Creditors | -1,588 | 1,370 | -7,244 | 732 | 744 | -8,077 | -136,712 | -43,008 | 157,121 | 39,483 |
| Accruals and Deferred Income | -230,827 | 377,066 | -44,850 | -180,474 | 101,258 | 219,724 | 33,031 | 0 | -33,811 | 33,811 |
| Deferred Taxes & Provisions | -500 | 1,800 | 0 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -414,155 | |||||||||
| 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 | 240,000 | -10,000 | -9,166 | 45,833 | 0 | -319,528 | 319,528 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -250,000 | 0 | -200,000 | 200,000 | 0 | 250,000 | -244,024 | -2,794 | -128,472 | 375,290 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -45,199 | 10,437 | -229,275 | 268,829 | 7,484 | 12,647 | -31,025 | 29,950 | 610 | 499 |
| overdraft | 0 | 0 | 5,833 | 4,167 | 0 | -14,414 | 14,414 | 0 | -42,478 | 42,478 |
| change in cash | -45,199 | 10,437 | -235,108 | 264,662 | 7,484 | 27,061 | -45,439 | 29,950 | 43,088 | -41,979 |
avantgarde classics ltd Credit Report and Business Information
Avantgarde Classics Ltd Competitor Analysis
Perform a competitor analysis for avantgarde classics 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 B79 area or any other competitors across 12 key performance metrics.
avantgarde classics ltd Ownership
AVANTGARDE CLASSICS LTD group structure
Avantgarde Classics Ltd has no subsidiary companies.
Ultimate parent company
AVANTGARDE CLASSICS LTD
08718511
avantgarde classics ltd directors
Avantgarde Classics Ltd currently has 2 directors. The longest serving directors include Jonathan Aucott (Oct 2013) and Mrs Lucy Aucott (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Jonathan Aucott | United Kingdom | 49 years | Oct 2013 | - | Director |
| Mrs Lucy Aucott | United Kingdom | 36 years | Sep 2017 | - | Director |
P&L
October 2023turnover
1.3m
-33%
operating profit
11.9k
0%
gross margin
14.4%
-3.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
182.6k
-0.02%
total assets
739.8k
-0.25%
cash
25k
-0.64%
net assets
Total assets minus all liabilities
avantgarde classics ltd company details
company number
08718511
Type
Private limited with Share Capital
industry
45190 - Sale of other motor vehicles
incorporation date
October 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
avantgarde classic limited (January 2018)
last accounts submitted
October 2023
address
the old council chambers, halford street, tamworth, staffordshire, B79 7RB
accountant
PHILIP BARNES & CO LIMITED
auditor
-
avantgarde classics 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 avantgarde classics ltd.
avantgarde classics ltd Companies House Filings - See Documents
| date | description | view/download |
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