prestige cars of essex ltd
prestige cars of essex ltd Company Information
Company Number
09080933
Website
www.prestigecarsgb.co.ukRegistered Address
humphreys barn magdalen laver, ongar, CM5 0ER
Industry
Sale of used cars and light motor vehicles
Telephone
01277366845
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
thomas james willmott 100%
prestige cars of essex ltd Estimated Valuation
Pomanda estimates the enterprise value of PRESTIGE CARS OF ESSEX LTD at £683.3k based on a Turnover of £3.3m and 0.21x industry multiple (adjusted for size and gross margin).
prestige cars of essex ltd Estimated Valuation
Pomanda estimates the enterprise value of PRESTIGE CARS OF ESSEX LTD at £898.3k based on an EBITDA of £276.4k and a 3.25x industry multiple (adjusted for size and gross margin).
prestige cars of essex ltd Estimated Valuation
Pomanda estimates the enterprise value of PRESTIGE CARS OF ESSEX LTD at £1.6m based on Net Assets of £579.7k and 2.7x industry multiple (adjusted for liquidity).
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Prestige Cars Of Essex Ltd Overview
Prestige Cars Of Essex Ltd is a live company located in ongar, CM5 0ER with a Companies House number of 09080933. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in June 2014, it's largest shareholder is thomas james willmott with a 100% stake. Prestige Cars Of Essex Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.
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Prestige Cars Of Essex Ltd Health Check
Pomanda's financial health check has awarded Prestige Cars Of Essex Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £3.3m, make it in line with the average company (£3.2m)
- Prestige Cars Of Essex Ltd
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (8.3%)
- Prestige Cars Of Essex Ltd
8.3% - Industry AVG
Production
with a gross margin of 10.8%, this company has a comparable cost of product (10.8%)
- Prestige Cars Of Essex Ltd
10.8% - Industry AVG
Profitability
an operating margin of 8.1% make it more profitable than the average company (2.9%)
- Prestige Cars Of Essex Ltd
2.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (8)
5 - Prestige Cars Of Essex Ltd
8 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Prestige Cars Of Essex Ltd
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £661k, this is more efficient (£474.3k)
- Prestige Cars Of Essex Ltd
£474.3k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is later than average (8 days)
- Prestige Cars Of Essex Ltd
8 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is close to average (15 days)
- Prestige Cars Of Essex Ltd
15 days - Industry AVG
Stock Days
it holds stock equivalent to 92 days, this is more than average (66 days)
- Prestige Cars Of Essex Ltd
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (9 weeks)
18 weeks - Prestige Cars Of Essex Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46%, this is a lower level of debt than the average (68.4%)
46% - Prestige Cars Of Essex Ltd
68.4% - Industry AVG
PRESTIGE CARS OF ESSEX LTD financials
Prestige Cars Of Essex Ltd's latest turnover from April 2023 is estimated at £3.3 million and the company has net assets of £579.7 thousand. According to their latest financial statements, Prestige Cars Of Essex Ltd has 5 employees and maintains cash reserves of £161.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 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 | 5 | 3 | 3 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 29,832 | 22,946 | 10,364 | 1,524 | 1,793 | 2,109 | 935 | 0 | 0 |
| 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 | 29,832 | 22,946 | 10,364 | 1,524 | 1,793 | 2,109 | 935 | 0 | 0 |
| Stock & work in progress | 749,440 | 664,506 | 322,088 | 163,572 | 609,299 | 511,465 | 451,501 | 93,154 | 9,850 |
| Trade Debtors | 101,590 | 268,611 | 319,080 | 25,750 | 236,720 | 0 | 0 | 21,500 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 31,683 | 5,229 | 10,154 | 4,753 | 480 | 480 | 0 | 0 | 0 |
| Cash | 161,150 | 58,384 | 55,805 | 40,280 | 96,826 | 22,346 | 43,698 | 42,472 | 4,072 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,043,863 | 996,730 | 707,127 | 234,355 | 943,325 | 534,291 | 495,199 | 157,126 | 13,922 |
| total assets | 1,073,695 | 1,019,676 | 717,491 | 235,879 | 945,118 | 536,400 | 496,134 | 157,126 | 13,922 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 132,640 | 332,241 | 195,014 | 13,346 | 209,638 | 10,898 | 31,440 | 0 | 6,223 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,485 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 323,641 | 307,027 | 217,127 | 85,366 | 544,163 | 403,260 | 384,563 | 130,670 | 0 |
| total current liabilities | 460,766 | 639,268 | 412,141 | 98,712 | 753,801 | 414,158 | 416,003 | 130,670 | 6,223 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 25,760 | 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 | 7,458 | 4,368 | 1,969 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 33,218 | 4,368 | 1,969 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 493,984 | 643,636 | 414,110 | 98,712 | 753,801 | 414,158 | 416,003 | 130,670 | 6,223 |
| net assets | 579,711 | 376,040 | 303,381 | 137,167 | 191,317 | 122,242 | 80,131 | 26,456 | 7,699 |
| total shareholders funds | 579,711 | 376,040 | 303,381 | 137,167 | 191,317 | 122,242 | 80,131 | 26,456 | 7,699 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 9,484 | 7,109 | 3,006 | 269 | 316 | 373 | 164 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 84,934 | 342,418 | 158,516 | -445,727 | 97,834 | 59,964 | 358,347 | 83,304 | 9,850 |
| Debtors | -140,567 | -55,394 | 298,731 | -206,697 | 236,720 | 480 | -21,500 | 21,500 | 0 |
| Creditors | -199,601 | 137,227 | 181,668 | -196,292 | 198,740 | -20,542 | 31,440 | -6,223 | 6,223 |
| Accruals and Deferred Income | 16,614 | 89,900 | 131,761 | -458,797 | 140,903 | 18,697 | 253,893 | 130,670 | 0 |
| Deferred Taxes & Provisions | 3,090 | 2,399 | 1,969 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 30,245 | 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 | 102,766 | 2,579 | 15,525 | -56,546 | 74,480 | -21,352 | 1,226 | 38,400 | 4,072 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 102,766 | 2,579 | 15,525 | -56,546 | 74,480 | -21,352 | 1,226 | 38,400 | 4,072 |
prestige cars of essex ltd Credit Report and Business Information
Prestige Cars Of Essex Ltd Competitor Analysis
Perform a competitor analysis for prestige cars of essex ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
prestige cars of essex ltd Ownership
PRESTIGE CARS OF ESSEX LTD group structure
Prestige Cars Of Essex Ltd has no subsidiary companies.
Ultimate parent company
PRESTIGE CARS OF ESSEX LTD
09080933
prestige cars of essex ltd directors
Prestige Cars Of Essex Ltd currently has 2 directors. The longest serving directors include Mr Thomas Willmott (Jun 2014) and Mr Gerald Willmott (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Willmott | England | 33 years | Jun 2014 | - | Director |
| Mr Gerald Willmott | 70 years | May 2024 | - | Director |
P&L
April 2023turnover
3.3m
-41%
operating profit
266.9k
0%
gross margin
10.8%
-7.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
579.7k
+0.54%
total assets
1.1m
+0.05%
cash
161.2k
+1.76%
net assets
Total assets minus all liabilities
Similar Companies
prestige cars of essex ltd company details
company number
09080933
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
June 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
humphreys barn magdalen laver, ongar, CM5 0ER
last accounts submitted
April 2023
prestige cars of essex 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 prestige cars of essex ltd.
prestige cars of essex ltd Companies House Filings - See Documents
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