vbta limited

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vbta limited Company Information

Share VBTA LIMITED

Company Number

08724514

Directors

David Cleal

James Smith

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Shareholders

macs truck sales ltd

commercial body specialists ltd

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Group Structure

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Industry

Manufacture of bodies (coachwork) for motor vehicles (except caravans)

 

Registered Address

fred smith building kelvin way, west bromwich, B70 7LF

vbta limited Estimated Valuation

£617.1k

Pomanda estimates the enterprise value of VBTA LIMITED at £617.1k based on a Turnover of £2.6m and 0.24x industry multiple (adjusted for size and gross margin).

vbta limited Estimated Valuation

£494k

Pomanda estimates the enterprise value of VBTA LIMITED at £494k based on an EBITDA of £169.8k and a 2.91x industry multiple (adjusted for size and gross margin).

vbta limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of VBTA LIMITED at £1.7m based on Net Assets of £785.2k and 2.18x industry multiple (adjusted for liquidity).

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Vbta Limited Overview

Vbta Limited is a live company located in west bromwich, B70 7LF with a Companies House number of 08724514. It operates in the manufacture of bodies (coachwork) for motor vehicles (except caravans) sector, SIC Code 29201. Founded in October 2013, it's largest shareholder is macs truck sales ltd with a 3.3% stake. Vbta Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Vbta Limited Health Check

Pomanda's financial health check has awarded Vbta Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £2.6m, make it smaller than the average company (£18.6m)

£2.6m - Vbta Limited

£18.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.6%)

12% - Vbta Limited

8.6% - Industry AVG

production

Production

with a gross margin of 11.4%, this company has a higher cost of product (18.7%)

11.4% - Vbta Limited

18.7% - Industry AVG

profitability

Profitability

an operating margin of 6.5% make it more profitable than the average company (3.8%)

6.5% - Vbta Limited

3.8% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (102)

10 - Vbta Limited

102 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.8k, the company has an equivalent pay structure (£37.8k)

£37.8k - Vbta Limited

£37.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £260.4k, this is more efficient (£184.4k)

£260.4k - Vbta Limited

£184.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 137 days, this is later than average (41 days)

137 days - Vbta Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 30 days, this is quicker than average (53 days)

30 days - Vbta Limited

53 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Vbta Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Vbta Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.8%, this is a lower level of debt than the average (61.2%)

19.8% - Vbta Limited

61.2% - Industry AVG

VBTA LIMITED financials

EXPORTms excel logo

Vbta Limited's latest turnover from December 2023 is estimated at £2.6 million and the company has net assets of £785.2 thousand. According to their latest financial statements, Vbta Limited has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Turnover2,603,5452,207,5601,890,8391,840,0171,908,5261,636,2961,310,1751,151,138583,6191,049,636
Other Income Or Grants
Cost Of Sales2,307,8891,941,5091,704,4471,632,2791,661,6861,415,9961,146,317977,882494,993891,388
Gross Profit295,656266,051186,392207,738246,841220,300163,857173,25688,627158,249
Admin Expenses125,820149,81069,35182,000106,948160,832183,279-187,81265,803242,160
Operating Profit169,836116,241117,041125,738139,89359,468-19,422361,06822,824-83,911
Interest Payable
Interest Receivable3111,181560
Pre-Tax Profit169,836116,241117,041125,738139,89359,468-19,422361,37924,005-83,351
Tax-42,459-22,086-22,238-23,890-26,580-11,299-72,276-4,801
Profit After Tax127,37794,15594,803101,848113,31348,169-19,422289,10319,204-83,351
Dividends Paid
Retained Profit127,37794,15594,803101,848113,31348,169-19,422289,10319,204-83,351
Employee Costs378,068349,551326,287364,725457,855253,408177,539166,76098,025201,636
Number Of Employees101010111375536
EBITDA*169,836116,241117,041125,738139,89359,468-19,422361,06828,684-81,220

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Tangible Assets931847221,5238294,9284,6449,34215,20722,197
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets931847221,5238294,9284,6449,34215,20722,197
Stock & work in progress
Trade Debtors979,160824,993742,238697,743595,155453,595358,528410,728106,627190,584
Group Debtors
Misc Debtors3,548
Cash248,717223,860
misc current assets3,3592,7833,0261,937
total current assets979,160824,993742,238701,291598,514456,378361,554412,665355,344414,444
total assets979,253825,177742,960702,814599,343461,306366,198422,007370,551436,641
Bank overdraft
Bank loan
Trade Creditors 194,054167,355179,293233,950232,327207,603160,66457,051154,686239,981
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities194,054167,355179,293233,950232,327207,603160,66457,051154,686239,981
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities140,000140,000140,000
provisions
total long term liabilities140,000140,000140,000
total liabilities194,054167,355179,293233,950232,327207,603160,664197,051294,686379,981
net assets785,199657,822563,667468,864367,016253,703205,534224,95675,86556,660
total shareholders funds785,199657,822563,667468,864367,016253,703205,534224,95675,86556,660
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Operating Activities
Operating Profit169,836116,241117,041125,738139,89359,468-19,422361,06822,824-83,911
Depreciation5,8602,691
Amortisation
Tax-42,459-22,086-22,238-23,890-26,580-11,299-72,276-4,801
Stock
Debtors154,16782,75540,947106,136141,56095,067-52,200304,101-83,957190,584
Creditors26,699-11,938-54,6571,62324,72446,939103,613-97,635-85,295239,981
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-91-538-801-2,665-3,52341136,391-112,94422,545-31,823
Investing Activities
capital expenditure91538801-6944,099-2844,6985,8651,130-24,888
Change in Investments
cash flow from investments91538801-6944,099-2844,6985,8651,130-24,888
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-140,000140,000
share issue-140,0121140,011
interest3111,181560
cash flow from financing-140,000-139,7011,182280,571
cash and cash equivalents
cash-248,71724,857223,860
overdraft
change in cash-248,71724,857223,860

vbta limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vbta Limited Competitor Analysis

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Perform a competitor analysis for vbta limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in B70 area or any other competitors across 12 key performance metrics.

vbta limited Ownership

VBTA LIMITED group structure

Vbta Limited has no subsidiary companies.

Ultimate parent company

VBTA LIMITED

08724514

VBTA LIMITED Shareholders

macs truck sales ltd 3.33%
commercial body specialists ltd 3.33%
cartwright group ltd 3.33%
roco truck bodies ltd 3.33%
wheelbase engineering ltd 3.33%
vancraft ltd 3.33%
nmc holdings ltd 3.33%
james a cuthbertson ltd 3.33%
pps commercials ltd 3.33%
essex bodies ltd 3.33%

vbta limited directors

Vbta Limited currently has 6 directors. The longest serving directors include Mr David Cleal (Nov 2013) and Mr James Smith (Nov 2013).

officercountryagestartendrole
Mr David ClealEngland75 years Nov 2013- Director
Mr James SmithEngland50 years Nov 2013- Director
Mrs Margaret SturtEngland76 years Nov 2013- Director
Mr Alan BraceyEngland60 years Nov 2013- Director
Mr Christopher Pickles60 years Oct 2019- Director
Mr Russell TaitEngland53 years Oct 2021- Director

P&L

December 2023

turnover

2.6m

+18%

operating profit

169.8k

0%

gross margin

11.4%

-5.77%

turnover

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

Balance Sheet

December 2023

net assets

785.2k

+0.19%

total assets

979.3k

+0.19%

cash

0

0%

net assets

Total assets minus all liabilities

vbta limited company details

company number

08724514

Type

Private limited with Share Capital

industry

29201 - Manufacture of bodies (coachwork) for motor vehicles (except caravans)

incorporation date

October 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

fred smith building kelvin way, west bromwich, B70 7LF

Bank

-

Legal Advisor

-

vbta 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 vbta limited.

vbta limited Capital Raised & Share Issues BETA

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vbta limited Companies House Filings - See Documents

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