jm performance cars limited
jm performance cars limited Company Information
Group Structure
View All
Industry
Sale of used cars and light motor vehicles
Registered Address
249-251 merton road, london, SW18 5EB
Website
www.joemacari.comjm performance cars limited Estimated Valuation
Pomanda estimates the enterprise value of JM PERFORMANCE CARS LIMITED at £9.9m based on a Turnover of £36.4m and 0.27x industry multiple (adjusted for size and gross margin).
jm performance cars limited Estimated Valuation
Pomanda estimates the enterprise value of JM PERFORMANCE CARS LIMITED at £52k based on an EBITDA of £12.3k and a 4.23x industry multiple (adjusted for size and gross margin).
jm performance cars limited Estimated Valuation
Pomanda estimates the enterprise value of JM PERFORMANCE CARS LIMITED at £222.3k based on Net Assets of £81.5k and 2.73x industry multiple (adjusted for liquidity).
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Jm Performance Cars Limited Overview
Jm Performance Cars Limited is a live company located in london, SW18 5EB with a Companies House number of 08726811. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2013, it's largest shareholder is joseph macari with a 100% stake. Jm Performance Cars Limited is a established, large sized company, Pomanda has estimated its turnover at £36.4m with declining growth in recent years.
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Jm Performance Cars Limited Health Check
Pomanda's financial health check has awarded Jm Performance Cars Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £36.4m, make it larger than the average company (£2.1m)
£36.4m - Jm Performance Cars Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.8%)
-11% - Jm Performance Cars Limited
8.8% - Industry AVG
Production
with a gross margin of 1.2%, this company has a higher cost of product (11.6%)
1.2% - Jm Performance Cars Limited
11.6% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (2.7%)
0% - Jm Performance Cars Limited
2.7% - Industry AVG
Employees
with 13 employees, this is above the industry average (6)
13 - Jm Performance Cars Limited
6 - Industry AVG
Pay Structure
on an average salary of £89.1k, the company has a higher pay structure (£32.1k)
£89.1k - Jm Performance Cars Limited
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £2.8m, this is more efficient (£433k)
£2.8m - Jm Performance Cars Limited
£433k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (9 days)
0 days - Jm Performance Cars Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is slower than average (16 days)
22 days - Jm Performance Cars Limited
16 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is less than average (65 days)
33 days - Jm Performance Cars Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (8 weeks)
7 weeks - Jm Performance Cars Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (69%)
99% - Jm Performance Cars Limited
69% - Industry AVG
JM PERFORMANCE CARS LIMITED financials
Jm Performance Cars Limited's latest turnover from October 2023 is £36.4 million and the company has net assets of £81.5 thousand. According to their latest financial statements, Jm Performance Cars Limited has 13 employees and maintains cash reserves of £1.1 million 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 | 36,373,738 | 22,373,721 | 21,123,705 | 52,319,553 | 66,058,267 | 38,108,021 | 61,064,844 | 29,583,998 | 74,652,957 | 46,582,606 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 35,956,486 | 21,230,257 | 20,931,349 | 51,689,276 | 64,588,213 | 36,695,594 | 59,931,844 | 28,563,924 | 73,512,968 | 45,986,994 |
| Gross Profit | 417,252 | 1,143,464 | 192,356 | 630,277 | 1,470,054 | 1,412,427 | 1,133,000 | 1,020,074 | 1,139,989 | 595,612 |
| Admin Expenses | 405,580 | 1,106,620 | 149,101 | 570,416 | 1,314,298 | 1,311,279 | 1,130,783 | 1,016,370 | 1,103,018 | 544,614 |
| Operating Profit | 11,672 | 36,844 | 43,255 | 59,861 | 155,756 | 101,148 | 2,217 | 3,704 | 36,971 | 50,998 |
| Interest Payable | 3,115 | 30,377 | 39,421 | 50,661 | 152,577 | 96,425 | 90 | |||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | 8,557 | 6,467 | 3,834 | 9,200 | 3,179 | 4,723 | 2,217 | 3,704 | 36,881 | 50,998 |
| Tax | -7,875 | -3,021 | -2,385 | -8,936 | -594 | -1,849 | -2,256 | -9,853 | -11,497 | |
| Profit After Tax | 682 | 3,446 | 1,449 | 264 | 2,585 | 2,874 | 2,217 | 1,448 | 27,028 | 39,501 |
| Dividends Paid | ||||||||||
| Retained Profit | 682 | 3,446 | 1,449 | 264 | 2,585 | 2,874 | 2,217 | 1,448 | 27,028 | 39,501 |
| Employee Costs | 1,158,359 | 1,005,859 | 617,490 | 501,153 | 472,114 | 498,422 | 483,112 | 370,533 | 350,221 | 144,675 |
| Number Of Employees | 13 | 12 | 10 | 10 | 10 | 12 | 10 | 9 | 8 | 7 |
| EBITDA* | 12,272 | 39,316 | 45,728 | 63,691 | 158,987 | 102,505 | 2,217 | 3,704 | 36,971 | 50,998 |
* 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 | 600 | 3,073 | 5,546 | 6,982 | 2,714 | 4,071 | ||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 600 | 3,073 | 5,546 | 6,982 | 2,714 | 4,071 | ||||
| Stock & work in progress | 3,322,427 | 3,480,861 | 2,274,820 | 2,909,410 | 6,250,859 | 3,397,584 | 7,156,656 | 5,025,610 | 6,879,042 | 8,983,963 |
| Trade Debtors | 75,000 | 345,712 | 806,891 | 955,691 | 736,385 | 2,386,533 | 2,197,751 | 2,367,538 | 2,242,462 | 311,214 |
| Group Debtors | 3,376,662 | 3,093,900 | 4,008,027 | 1,543,864 | 2,163,870 | 554,935 | 1,474,755 | 1,879,250 | 236,960 | |
| Misc Debtors | 127,335 | 181,938 | 42,190 | 201,191 | 168,137 | 66,014 | 306,266 | 305,671 | 23,678 | |
| Cash | 1,138,836 | 2,526,177 | 707,150 | 815,107 | 664,277 | 17,190 | 204,864 | 691,607 | 589,260 | 129,227 |
| misc current assets | ||||||||||
| total current assets | 8,040,260 | 9,628,588 | 7,839,078 | 6,425,263 | 9,983,528 | 8,751,870 | 10,180,220 | 9,865,776 | 11,895,685 | 9,685,042 |
| total assets | 8,040,260 | 9,629,188 | 7,842,151 | 6,430,809 | 9,990,510 | 8,754,584 | 10,184,291 | 9,865,776 | 11,895,685 | 9,685,042 |
| Bank overdraft | 166,667 | 83,333 | ||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,263,818 | 1,374,203 | 1,159,007 | 6,354,882 | 1,231,276 | 1,769,144 | 1,662,375 | 1,898,429 | 2,175,680 | 1,021,765 |
| Group/Directors Accounts | 5,674,277 | 7,994,776 | 6,324,968 | 8,481,669 | 7,985,867 | 6,494,604 | 7,160,974 | 7,174,775 | ||
| other short term finances | 6,910,513 | |||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 20,661 | 12,720 | 30,800 | 201,902 | 465,845 | 1,404,756 | 2,492,492 | 1,448,991 | ||
| total current liabilities | 7,958,756 | 9,548,366 | 7,598,108 | 6,354,882 | 9,914,847 | 8,681,506 | 10,114,087 | 9,797,789 | 11,829,146 | 9,645,531 |
| loans | 166,667 | |||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | 166,667 | |||||||||
| total liabilities | 7,958,756 | 9,548,366 | 7,764,775 | 6,354,882 | 9,914,847 | 8,681,506 | 10,114,087 | 9,797,789 | 11,829,146 | 9,645,531 |
| net assets | 81,504 | 80,822 | 77,376 | 75,927 | 75,663 | 73,078 | 70,204 | 67,987 | 66,539 | 39,511 |
| total shareholders funds | 81,504 | 80,822 | 77,376 | 75,927 | 75,663 | 73,078 | 70,204 | 67,987 | 66,539 | 39,511 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 11,672 | 36,844 | 43,255 | 59,861 | 155,756 | 101,148 | 2,217 | 3,704 | 36,971 | 50,998 |
| Depreciation | 600 | 2,472 | 2,473 | 3,830 | 3,231 | 1,357 | ||||
| Amortisation | ||||||||||
| Tax | -7,875 | -3,021 | -2,385 | -8,936 | -594 | -1,849 | -2,256 | -9,853 | -11,497 | |
| Stock | -158,434 | 1,206,041 | -634,590 | -3,341,449 | 2,853,275 | -3,759,072 | 2,131,046 | -1,853,432 | -2,104,921 | 8,983,963 |
| Debtors | -42,553 | -1,235,558 | 2,156,362 | -367,646 | 681,859 | -432,167 | -1,329,859 | -278,824 | 3,855,531 | 571,852 |
| Creditors | 889,615 | 215,196 | -5,195,875 | 5,123,606 | -537,868 | 106,769 | -236,054 | -277,251 | 1,153,915 | 1,021,765 |
| Accruals and Deferred Income | 7,941 | -18,080 | 30,800 | -201,902 | 201,902 | -465,845 | -938,911 | -1,087,736 | 1,043,501 | 1,448,991 |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | 1,102,940 | 262,928 | -6,643,504 | 8,685,554 | -3,712,707 | -1,973,935 | 768,717 | 473,924 | -7,045,558 | |
| Investing Activities | ||||||||||
| capital expenditure | -5,428 | |||||||||
| Change in Investments | ||||||||||
| cash flow from investments | -5,428 | |||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -2,320,499 | 1,669,808 | 6,324,968 | -8,481,669 | 8,481,669 | -7,985,867 | 1,491,263 | -666,370 | -13,801 | 7,174,775 |
| Other Short Term Loans | -6,910,513 | 6,910,513 | ||||||||
| Long term loans | -166,667 | 166,667 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -3,115 | -30,377 | -39,421 | -50,661 | -152,577 | -90 | ||||
| cash flow from financing | -2,323,614 | 1,472,764 | 6,452,214 | -8,532,330 | 1,418,579 | 1,491,263 | -666,370 | -13,891 | 7,174,785 | |
| cash and cash equivalents | ||||||||||
| cash | -1,387,341 | 1,819,027 | -107,957 | 150,830 | 647,087 | -187,674 | -486,743 | 102,347 | 460,033 | 129,227 |
| overdraft | -166,667 | 83,334 | 83,333 | |||||||
| change in cash | -1,220,674 | 1,735,693 | -191,290 | 150,830 | 647,087 | -187,674 | -486,743 | 102,347 | 460,033 | 129,227 |
jm performance cars limited Credit Report and Business Information
Jm Performance Cars Limited Competitor Analysis
Perform a competitor analysis for jm performance cars limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SW18 area or any other competitors across 12 key performance metrics.
jm performance cars limited Ownership
JM PERFORMANCE CARS LIMITED group structure
Jm Performance Cars Limited has no subsidiary companies.
Ultimate parent company
JM PERFORMANCE CARS LIMITED
08726811
jm performance cars limited directors
Jm Performance Cars Limited currently has 1 director, Mr Joseph MacAri serving since Oct 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joseph MacAri | 58 years | Oct 2013 | - | Director |
P&L
October 2023turnover
36.4m
+63%
operating profit
11.7k
-68%
gross margin
1.2%
-77.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
81.5k
+0.01%
total assets
8m
-0.17%
cash
1.1m
-0.55%
net assets
Total assets minus all liabilities
jm performance cars limited company details
company number
08726811
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
October 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
WESTCOTTS (SW) LLP
address
249-251 merton road, london, SW18 5EB
Bank
HSBC BANK PLC
Legal Advisor
-
jm performance cars 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 found 2 charges/mortgages relating to jm performance cars limited. Currently there are 2 open charges and 0 have been satisfied in the past.
jm performance cars 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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jm performance cars limited Companies House Filings - See Documents
| date | description | view/download |
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