we buy cars for more limited
we buy cars for more limited Company Information
Company Number
08963870
Website
www.webuycarsformore.comRegistered Address
we buy cars for more limited, adamsez industrial estate, newcastle upon tyne, tyne & wear, NE15 6XA
Industry
Sale of used cars and light motor vehicles
Telephone
01912750886
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
amanda denning 25%
roberta purba 25%
View Allwe buy cars for more limited Estimated Valuation
Pomanda estimates the enterprise value of WE BUY CARS FOR MORE LIMITED at £1.6m based on a Turnover of £6.4m and 0.25x industry multiple (adjusted for size and gross margin).
we buy cars for more limited Estimated Valuation
Pomanda estimates the enterprise value of WE BUY CARS FOR MORE LIMITED at £1m based on an EBITDA of £259.9k and a 3.94x industry multiple (adjusted for size and gross margin).
we buy cars for more limited Estimated Valuation
Pomanda estimates the enterprise value of WE BUY CARS FOR MORE LIMITED at £1.5m based on Net Assets of £577.5k and 2.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
We Buy Cars For More Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
We Buy Cars For More Limited Overview
We Buy Cars For More Limited is a live company located in newcastle upon tyne, NE15 6XA with a Companies House number of 08963870. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in March 2014, it's largest shareholder is amanda denning with a 25% stake. We Buy Cars For More Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.4m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
We Buy Cars For More Limited Health Check
Pomanda's financial health check has awarded We Buy Cars For More Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
2 Weak
Size
annual sales of £6.4m, make it larger than the average company (£3.1m)
- We Buy Cars For More Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (7.9%)
- We Buy Cars For More Limited
7.9% - Industry AVG
Production
with a gross margin of 11.2%, this company has a comparable cost of product (11.2%)
- We Buy Cars For More Limited
11.2% - Industry AVG
Profitability
an operating margin of 3.8% make it more profitable than the average company (2.9%)
- We Buy Cars For More Limited
2.9% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (7)
9 - We Buy Cars For More Limited
7 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)
- We Buy Cars For More Limited
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £708.6k, this is more efficient (£463.6k)
- We Buy Cars For More Limited
£463.6k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (8 days)
- We Buy Cars For More Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is close to average (15 days)
- We Buy Cars For More Limited
15 days - Industry AVG
Stock Days
it holds stock equivalent to 126 days, this is more than average (66 days)
- We Buy Cars For More Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (9 weeks)
7 weeks - We Buy Cars For More Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.1%, this is a similar level of debt than the average (68.4%)
75.1% - We Buy Cars For More Limited
68.4% - Industry AVG
we buy cars for more limited Credit Report and Business Information
We Buy Cars For More Limited Competitor Analysis
Perform a competitor analysis for we buy cars for more limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
we buy cars for more limited Ownership
WE BUY CARS FOR MORE LIMITED group structure
We Buy Cars For More Limited has no subsidiary companies.
Ultimate parent company
WE BUY CARS FOR MORE LIMITED
08963870
we buy cars for more limited directors
We Buy Cars For More Limited currently has 2 directors. The longest serving directors include Mr Christian Denning (Mar 2014) and Mr Jaspal Purba (Mar 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christian Denning | 54 years | Mar 2014 | - | Director | |
| Mr Jaspal Purba | England | 43 years | Mar 2014 | - | Director |
WE BUY CARS FOR MORE LIMITED financials
We Buy Cars For More Limited's latest turnover from March 2023 is estimated at £6.4 million and the company has net assets of £577.5 thousand. According to their latest financial statements, We Buy Cars For More Limited has 9 employees and maintains cash reserves of £217.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 9 | 9 | 8 | 8 | 10 | 8 | 7 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,037 | 30,300 | 47,589 | 46,169 | 61,440 | 9,133 | 11,854 | 19,490 | 25,988 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,037 | 30,300 | 47,589 | 46,169 | 61,440 | 9,133 | 11,854 | 19,490 | 25,988 |
| Stock & work in progress | 1,962,490 | 1,495,932 | 1,252,568 | 775,403 | 1,119,878 | 803,796 | 619,717 | 483,514 | 230,642 |
| Trade Debtors | 98,671 | 6,492 | 11,700 | 2,052 | 34,612 | 32,868 | 48,665 | 14,664 | 2,600 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,568 | 0 | 0 | 37,532 | 1,500 | 8,667 | 4,167 | 0 | 0 |
| Cash | 217,631 | 634,769 | 504,399 | 346,669 | 213,113 | 194,199 | 160,318 | 94,197 | 31,153 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,298,360 | 2,137,193 | 1,768,667 | 1,161,656 | 1,369,103 | 1,039,530 | 832,867 | 592,375 | 264,395 |
| total assets | 2,315,397 | 2,167,493 | 1,816,256 | 1,207,825 | 1,430,543 | 1,048,663 | 844,721 | 611,865 | 290,383 |
| Bank overdraft | 1,024,540 | 998,465 | 986,612 | 787,151 | 0 | 0 | 220,396 | 149,324 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 476,517 | 403,504 | 0 | 0 | 0 |
| Trade Creditors | 265,482 | 220,394 | 170,411 | 14,753 | 276,827 | 153,282 | 78,487 | 59,618 | 242,841 |
| Group/Directors Accounts | 0 | 32,682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 306,631 | 315,085 | 335,111 | 139,058 | 283,988 | 221,594 | 240,706 | 233,037 | 0 |
| total current liabilities | 1,596,653 | 1,566,626 | 1,492,134 | 940,962 | 1,037,332 | 778,380 | 539,589 | 441,979 | 242,841 |
| loans | 137,000 | 130,000 | 0 | 0 | 41,241 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,259 | 7,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 141,259 | 137,575 | 0 | 0 | 41,241 | 0 | 0 | 0 | 0 |
| total liabilities | 1,737,912 | 1,704,201 | 1,492,134 | 940,962 | 1,078,573 | 778,380 | 539,589 | 441,979 | 242,841 |
| net assets | 577,485 | 463,292 | 324,122 | 266,863 | 351,970 | 270,283 | 305,132 | 169,886 | 47,542 |
| total shareholders funds | 577,485 | 463,292 | 324,122 | 266,863 | 351,970 | 270,283 | 305,132 | 169,886 | 47,542 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 19,663 | 18,309 | 16,580 | 15,271 | 18,648 | 5,521 | 5,190 | 6,498 | 7,427 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 466,558 | 243,364 | 477,165 | -344,475 | 316,082 | 184,079 | 136,203 | 252,872 | 230,642 |
| Debtors | 111,747 | -5,208 | -27,884 | 3,472 | -5,423 | -11,297 | 38,168 | 12,064 | 2,600 |
| Creditors | 45,088 | 49,983 | 155,658 | -262,074 | 123,545 | 74,795 | 18,869 | -183,223 | 242,841 |
| Accruals and Deferred Income | -8,454 | -20,026 | 196,053 | -144,930 | 62,394 | -19,112 | 7,669 | 233,037 | 0 |
| Deferred Taxes & Provisions | -3,316 | 7,575 | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | -476,517 | 73,013 | 403,504 | 0 | 0 | 0 |
| Group/Directors Accounts | -32,682 | 32,682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 7,000 | 130,000 | 0 | -41,241 | 41,241 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -417,138 | 130,370 | 157,730 | 133,556 | 18,914 | 33,881 | 66,121 | 63,044 | 31,153 |
| overdraft | 26,075 | 11,853 | 199,461 | 787,151 | 0 | -220,396 | 71,072 | 149,324 | 0 |
| change in cash | -443,213 | 118,517 | -41,731 | -653,595 | 18,914 | 254,277 | -4,951 | -86,280 | 31,153 |
P&L
March 2023turnover
6.4m
+38%
operating profit
240.2k
0%
gross margin
11.2%
-4.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
577.5k
+0.25%
total assets
2.3m
+0.07%
cash
217.6k
-0.66%
net assets
Total assets minus all liabilities
we buy cars for more limited company details
company number
08963870
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
March 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
we buy cars for more limited, adamsez industrial estate, newcastle upon tyne, tyne & wear, NE15 6XA
last accounts submitted
March 2023
we buy cars for more 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 we buy cars for more limited. Currently there are 1 open charges and 1 have been satisfied in the past.
we buy cars for more limited Companies House Filings - See Documents
| date | description | view/download |
|---|
