motor oil finance plc
motor oil finance plc Company Information
Company Number
09023703
Next Accounts
567 days late
Shareholders
motor oil (hellas) corinth refineries sa
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Website
-motor oil finance plc Estimated Valuation
Pomanda estimates the enterprise value of MOTOR OIL FINANCE PLC at £5.9m based on a Turnover of £7.5m and 0.79x industry multiple (adjusted for size and gross margin).
motor oil finance plc Estimated Valuation
Pomanda estimates the enterprise value of MOTOR OIL FINANCE PLC at £290.8k based on an EBITDA of £106.9k and a 2.72x industry multiple (adjusted for size and gross margin).
motor oil finance plc Estimated Valuation
Pomanda estimates the enterprise value of MOTOR OIL FINANCE PLC at £367.9k based on Net Assets of £281.9k and 1.31x industry multiple (adjusted for liquidity).
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Motor Oil Finance Plc Overview
Motor Oil Finance Plc is a live company located in london, EC2V 7BG with a Companies House number of 09023703. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2014, it's largest shareholder is motor oil (hellas) corinth refineries sa with a 100% stake. Motor Oil Finance Plc is a established, mid sized company, Pomanda has estimated its turnover at £7.5m with declining growth in recent years.
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Motor Oil Finance Plc Health Check
Pomanda's financial health check has awarded Motor Oil Finance Plc a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
7 Weak
Size
annual sales of £7.5m, make it larger than the average company (£4.6m)
£7.5m - Motor Oil Finance Plc
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (1.6%)
-16% - Motor Oil Finance Plc
1.6% - Industry AVG
Production
with a gross margin of 3.7%, this company has a higher cost of product (58.1%)
3.7% - Motor Oil Finance Plc
58.1% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (10.4%)
1.4% - Motor Oil Finance Plc
10.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Motor Oil Finance Plc
13 - Industry AVG
Pay Structure
on an average salary of £5.2k, the company has a lower pay structure (£77.2k)
£5.2k - Motor Oil Finance Plc
£77.2k - Industry AVG
Efficiency
resulting in sales per employee of £2.5m, this is more efficient (£219.2k)
£2.5m - Motor Oil Finance Plc
£219.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Motor Oil Finance Plc
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (45 days)
0 days - Motor Oil Finance Plc
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Motor Oil Finance Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (31 weeks)
8 weeks - Motor Oil Finance Plc
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.2%, this is a higher level of debt than the average (70.3%)
98.2% - Motor Oil Finance Plc
70.3% - Industry AVG
MOTOR OIL FINANCE PLC financials
Motor Oil Finance Plc's latest turnover from December 2021 is £7.5 million and the company has net assets of £281.9 thousand. According to their latest financial statements, Motor Oil Finance Plc has 3 employees and maintains cash reserves of £352.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 7,483,106 | 11,622,060 | 12,277,794 | 12,538,105 | 24,655,347 | 16,839,836 | 16,333,837 | 8,827,141 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 7,204,563 | 11,451,355 | 12,111,896 | 12,279,962 | 24,418,197 | 16,651,497 | 16,154,437 | 8,778,088 |
| Gross Profit | 278,543 | 170,705 | 165,898 | 258,143 | 237,150 | 188,340 | 179,400 | 49,053 |
| Admin Expenses | 171,644 | |||||||
| Operating Profit | 106,899 | |||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | 106,899 | 2,930 | 23,208 | 53,642 | 56,657 | 16,292 | 24,928 | 2,349 |
| Tax | -20,313 | -557 | -4,410 | -10,192 | -10,907 | -3,258 | -4,985 | -470 |
| Profit After Tax | 86,586 | 2,373 | 18,798 | 43,450 | 45,750 | 13,034 | 19,943 | 1,879 |
| Dividends Paid | ||||||||
| Retained Profit | 86,586 | 2,373 | 18,798 | 43,450 | 45,750 | 13,034 | 19,943 | 1,879 |
| Employee Costs | 15,687 | 14,768 | 15,224 | 18,731 | ||||
| Number Of Employees | 3 | 3 | 3 | 3 | ||||
| EBITDA* | 106,899 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 307,520,773 | 312,873,830 | 330,512,035 | 302,846,066 | 301,145,806 | 293,046,217 | 262,243,888 | |
| Intangible Assets | ||||||||
| Investments & Other | 1 | |||||||
| Debtors (Due After 1 year) | 12,739,160 | 307,520,773 | 312,873,829 | 330,512,035 | 302,846,065 | 301,145,806 | 293,046,216 | |
| Total Fixed Assets | 12,739,161 | 307,520,773 | 312,873,829 | 330,512,035 | 302,846,065 | 301,145,806 | 293,046,216 | 262,243,887 |
| Stock & work in progress | ||||||||
| Trade Debtors | 47,999 | 31,101 | 41,713 | 24,240 | 2,144,567 | 2,175,481 | 52,898 | |
| Group Debtors | 2,047,364 | 3,754,825 | 5,468,573 | 9,826,147 | ||||
| Misc Debtors | 66,661 | 2,781,649 | 2,756,478 | 2,933,813 | 2,806,759 | 1,842,998 | ||
| Cash | 352,768 | 3,794,357 | 2,702,163 | 1,688,137 | 594,013 | 2,485,261 | 18,008,091 | 463,998 |
| misc current assets | ||||||||
| total current assets | 2,466,794 | 10,378,832 | 10,958,316 | 14,489,811 | 3,425,013 | 4,629,829 | 20,183,573 | 2,359,896 |
| total assets | 15,205,955 | 317,899,605 | 323,832,145 | 345,001,846 | 306,271,078 | 305,775,635 | 313,229,789 | 264,603,783 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 11,370 | 8,120 | 18,596 | 18,837 | 43,490 | 27,857 | 24,248 | 7,541 |
| Group/Directors Accounts | 29,001 | 1 | ||||||
| other short term finances | 2,047,364 | 3,754,825 | 5,468,573 | 9,826,148 | ||||
| hp & lease commitments | ||||||||
| other current liabilities | 97,165 | 2,490,232 | 2,463,868 | 2,644,571 | 2,534,792 | 2,030,142 | 18,605,733 | 1,773,837 |
| total current liabilities | 2,184,902 | 6,253,180 | 7,951,040 | 12,489,557 | 2,578,284 | 2,058,001 | 18,629,983 | 1,781,379 |
| loans | 12,739,160 | 311,452,387 | 315,689,442 | 332,331,388 | 303,557,464 | 303,628,711 | 589,051,918 | 262,774,165 |
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | ||||||||
| total long term liabilities | 12,739,161 | 311,452,387 | 315,689,442 | 332,331,388 | 303,557,464 | 303,628,711 | 294,525,959 | 262,774,165 |
| total liabilities | 14,924,062 | 317,705,567 | 323,640,482 | 344,820,945 | 306,135,748 | 305,686,712 | 313,155,942 | 264,555,544 |
| net assets | 281,892 | 194,038 | 191,663 | 180,901 | 135,330 | 88,923 | 73,847 | 48,238 |
| total shareholders funds | 281,892 | 194,037 | 191,664 | 180,900 | 135,331 | 88,922 | 73,847 | 48,238 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 106,899 | |||||||
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | -20,313 | -557 | -4,410 | -10,192 | -10,907 | -3,258 | -4,985 | -470 |
| Stock | ||||||||
| Debtors | -299,252,060 | -7,024,735 | -22,183,727 | 37,636,644 | 2,386,692 | 8,068,675 | 293,325,801 | 1,895,896 |
| Creditors | 3,250 | -10,476 | -240 | -24,654 | 15,633 | 3,609 | 16,707 | 7,541 |
| Accruals and Deferred Income | -2,393,067 | 26,364 | -180,703 | 109,779 | 504,650 | -16,575,591 | 16,831,896 | 1,773,837 |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | 296,948,829 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 1 | |||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 29,001 | -1 | 1 | |||||
| Other Short Term Loans | -1,707,461 | -1,713,748 | -4,357,575 | 9,826,148 | ||||
| Long term loans | -298,713,227 | -4,237,055 | -16,641,946 | 28,773,924 | -71,247 | -285,423,207 | 326,277,753 | 262,774,165 |
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | -300,390,418 | -5,950,803 | -21,007,556 | 38,602,191 | -70,589 | -285,421,167 | 326,283,420 | 262,820,524 |
| cash and cash equivalents | ||||||||
| cash | -3,441,589 | 1,092,194 | 1,014,026 | 1,094,124 | -1,891,248 | -15,522,830 | 17,544,093 | 463,998 |
| overdraft | ||||||||
| change in cash | -3,441,589 | 1,092,194 | 1,014,026 | 1,094,124 | -1,891,248 | -15,522,830 | 17,544,093 | 463,998 |
motor oil finance plc Credit Report and Business Information
Motor Oil Finance Plc Competitor Analysis
Perform a competitor analysis for motor oil finance plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2V area or any other competitors across 12 key performance metrics.
motor oil finance plc Ownership
MOTOR OIL FINANCE PLC group structure
Motor Oil Finance Plc has no subsidiary companies.
Ultimate parent company
MOTOR OIL (HELLAS) CORINTH REFINERIES SA
#0059209
1 parent
MOTOR OIL FINANCE PLC
09023703
motor oil finance plc directors
Motor Oil Finance Plc currently has 4 directors. The longest serving directors include Mr Petros Tzanetakis (May 2014) and Ms Pavlina Tavridaki (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Petros Tzanetakis | 69 years | May 2014 | - | Director | |
| Ms Pavlina Tavridaki | United Kingdom | 56 years | May 2014 | - | Director |
| Mr Paul Price | United Kingdom | 52 years | Feb 2022 | - | Director |
| Mr Paul Price | United Kingdom | 52 years | Feb 2022 | - | Director |
P&L
December 2021turnover
7.5m
-36%
operating profit
106.9k
0%
gross margin
3.8%
+153.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
281.9k
+0.45%
total assets
15.2m
-0.95%
cash
352.8k
-0.91%
net assets
Total assets minus all liabilities
Similar Companies
motor oil finance plc company details
company number
09023703
Type
Public limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
May 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Bank
HSBC BANK PLC
Legal Advisor
GEORGE PROUSANIDES
motor oil finance plc 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 motor oil finance plc.
motor oil finance plc 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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motor oil finance plc Companies House Filings - See Documents
| date | description | view/download |
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