prestige cars of essex ltd

5

prestige cars of essex ltd Company Information

Share PRESTIGE CARS OF ESSEX LTD
Live 
EstablishedSmallRapid

Company Number

09080933

Registered 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

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Directors

Thomas Willmott10 Years

Gerald Willmott0 Years

Shareholders

thomas james willmott 100%

prestige cars of essex ltd Estimated Valuation

£763k

Pomanda estimates the enterprise value of PRESTIGE CARS OF ESSEX LTD at £763k based on a Turnover of £3.3m and 0.23x industry multiple (adjusted for size and gross margin).

prestige cars of essex ltd Estimated Valuation

£988.5k

Pomanda estimates the enterprise value of PRESTIGE CARS OF ESSEX LTD at £988.5k based on an EBITDA of £276.4k and a 3.58x industry multiple (adjusted for size and gross margin).

prestige cars of essex ltd Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of PRESTIGE CARS OF ESSEX LTD at £1.5m based on Net Assets of £579.7k and 2.67x 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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £3.3m, make it in line with the average company (£3.2m)

£3.3m - Prestige Cars Of Essex Ltd

£3.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (8.3%)

69% - Prestige Cars Of Essex Ltd

8.3% - Industry AVG

production

Production

with a gross margin of 10.8%, this company has a comparable cost of product (10.8%)

10.8% - Prestige Cars Of Essex Ltd

10.8% - Industry AVG

profitability

Profitability

an operating margin of 8.1% make it more profitable than the average company (2.9%)

8.1% - Prestige Cars Of Essex Ltd

2.9% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (8)

5 - Prestige Cars Of Essex Ltd

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)

£32.2k - Prestige Cars Of Essex Ltd

£32.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £661k, this is more efficient (£474.3k)

£661k - Prestige Cars Of Essex Ltd

£474.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is later than average (8 days)

11 days - Prestige Cars Of Essex Ltd

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is close to average (15 days)

16 days - Prestige Cars Of Essex Ltd

15 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 92 days, this is more than average (66 days)

92 days - Prestige Cars Of Essex Ltd

66 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015
Turnover3,304,8655,626,7083,604,947682,4784,134,0161,598,5691,538,926831,94678,869
Other Income Or Grants000000000
Cost Of Sales2,949,4044,969,6453,224,529600,3013,658,6761,417,2181,362,208730,08568,993
Gross Profit355,461657,062380,41782,176475,339181,351176,718101,8629,876
Admin Expenses88,565567,788175,263136,396390,508129,896110,56078,532265
Operating Profit266,89689,274205,154-54,22084,83151,45566,15823,3309,611
Interest Payable000000000
Interest Receivable4,665428486944716510811610
Pre-Tax Profit271,56189,702205,202-54,15185,27851,62066,26523,4469,621
Tax-67,890-17,043-38,9880-16,203-9,808-12,590-4,689-1,924
Profit After Tax203,67172,659166,214-54,15169,07541,81253,67518,7577,697
Dividends Paid000000000
Retained Profit203,67172,659166,214-54,15169,07541,81253,67518,7577,697
Employee Costs160,98693,82286,31828,95128,81928,56427,85554,01826,363
Number Of Employees533111121
EBITDA*276,38096,383208,160-53,95185,14751,82866,32223,3309,611

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015
Tangible Assets29,83222,94610,3641,5241,7932,10993500
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets29,83222,94610,3641,5241,7932,10993500
Stock & work in progress749,440664,506322,088163,572609,299511,465451,50193,1549,850
Trade Debtors101,590268,611319,08025,750236,7200021,5000
Group Debtors000000000
Misc Debtors31,6835,22910,1544,753480480000
Cash161,15058,38455,80540,28096,82622,34643,69842,4724,072
misc current assets000000000
total current assets1,043,863996,730707,127234,355943,325534,291495,199157,12613,922
total assets1,073,6951,019,676717,491235,879945,118536,400496,134157,12613,922
Bank overdraft000000000
Bank loan000000000
Trade Creditors 132,640332,241195,01413,346209,63810,89831,44006,223
Group/Directors Accounts000000000
other short term finances000000000
hp & lease commitments4,48500000000
other current liabilities323,641307,027217,12785,366544,163403,260384,563130,6700
total current liabilities460,766639,268412,14198,712753,801414,158416,003130,6706,223
loans000000000
hp & lease commitments25,76000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions7,4584,3681,969000000
total long term liabilities33,2184,3681,969000000
total liabilities493,984643,636414,11098,712753,801414,158416,003130,6706,223
net assets579,711376,040303,381137,167191,317122,24280,13126,4567,699
total shareholders funds579,711376,040303,381137,167191,317122,24280,13126,4567,699
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015
Operating Activities
Operating Profit266,89689,274205,154-54,22084,83151,45566,15823,3309,611
Depreciation9,4847,1093,00626931637316400
Amortisation000000000
Tax-67,890-17,043-38,9880-16,203-9,808-12,590-4,689-1,924
Stock84,934342,418158,516-445,72797,83459,964358,34783,3049,850
Debtors-140,567-55,394298,731-206,697236,720480-21,50021,5000
Creditors-199,601137,227181,668-196,292198,740-20,54231,440-6,2236,223
Accruals and Deferred Income16,61489,900131,761-458,797140,90318,697253,893130,6700
Deferred Taxes & Provisions3,0902,3991,969000000
Cash flow from operations84,22621,84227,323-56,61674,033-20,2692,21838,2844,060
Investing Activities
capital expenditure-16,370-19,691-11,84600-1,547-1,09900
Change in Investments000000000
cash flow from investments-16,370-19,691-11,84600-1,547-1,09900
Financing Activities
Bank loans000000000
Group/Directors Accounts000000000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments30,24500000000
other long term liabilities000000000
share issue00010299002
interest4,665428486944716510811610
cash flow from financing34,910428487044746410811612
cash and cash equivalents
cash102,7662,57915,525-56,54674,480-21,3521,22638,4004,072
overdraft000000000
change in cash102,7662,57915,525-56,54674,480-21,3521,22638,4004,072

prestige cars of essex ltd 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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Prestige Cars Of Essex Ltd Competitor Analysis

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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 Shareholders

thomas james willmott 100%

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).

officercountryagestartendrole
Mr Thomas WillmottEngland33 years Jun 2014- Director
Mr Gerald Willmott70 years May 2024- Director

P&L

April 2023

turnover

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 2023

net assets

579.7k

+0.54%

total assets

1.1m

+0.05%

cash

161.2k

+1.76%

net assets

Total assets minus all liabilities

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

None

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.

charges

prestige cars of essex ltd Companies House Filings - See Documents

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