bespoke motor works ltd
bespoke motor works ltd Company Information
Company Number
09104746
Website
www.bespokemotorworks.co.ukRegistered Address
1 harley court sopwith close, preston farm industrial estate, stockton-on-tees, cleveland, TS18 3TT
Industry
Sale of used cars and light motor vehicles
Telephone
01642602752
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
daniel john king 50%
russell john jackson 28%
View Allbespoke motor works ltd Estimated Valuation
Pomanda estimates the enterprise value of BESPOKE MOTOR WORKS LTD at £1.3m based on a Turnover of £5.1m and 0.25x industry multiple (adjusted for size and gross margin).
bespoke motor works ltd Estimated Valuation
Pomanda estimates the enterprise value of BESPOKE MOTOR WORKS LTD at £444.9k based on an EBITDA of £118.5k and a 3.76x industry multiple (adjusted for size and gross margin).
bespoke motor works ltd Estimated Valuation
Pomanda estimates the enterprise value of BESPOKE MOTOR WORKS LTD at £1.7m based on Net Assets of £660.3k and 2.65x industry multiple (adjusted for liquidity).
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Bespoke Motor Works Ltd Overview
Bespoke Motor Works Ltd is a live company located in stockton-on-tees, TS18 3TT with a Companies House number of 09104746. 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 daniel john king with a 50% stake. Bespoke Motor Works Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with low growth in recent years.
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Bespoke Motor Works Ltd Health Check
Pomanda's financial health check has awarded Bespoke Motor Works Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £5.1m, make it larger than the average company (£3m)
- Bespoke Motor Works Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.9%)
- Bespoke Motor Works Ltd
7.9% - Industry AVG
Production
with a gross margin of 10.9%, this company has a comparable cost of product (10.9%)
- Bespoke Motor Works Ltd
10.9% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (2.8%)
- Bespoke Motor Works Ltd
2.8% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (8)
9 - Bespoke Motor Works Ltd
8 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
- Bespoke Motor Works Ltd
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £570.7k, this is more efficient (£458.6k)
- Bespoke Motor Works Ltd
£458.6k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (8 days)
- Bespoke Motor Works Ltd
8 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (15 days)
- Bespoke Motor Works Ltd
15 days - Industry AVG
Stock Days
it holds stock equivalent to 148 days, this is more than average (66 days)
- Bespoke Motor Works Ltd
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (9 weeks)
4 weeks - Bespoke Motor Works Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.6%, this is a similar level of debt than the average (68.2%)
71.6% - Bespoke Motor Works Ltd
68.2% - Industry AVG
bespoke motor works ltd Credit Report and Business Information
Bespoke Motor Works Ltd Competitor Analysis
Perform a competitor analysis for bespoke motor works ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bespoke motor works ltd Ownership
BESPOKE MOTOR WORKS LTD group structure
Bespoke Motor Works Ltd has no subsidiary companies.
Ultimate parent company
BESPOKE MOTOR WORKS LTD
09104746
bespoke motor works ltd directors
Bespoke Motor Works Ltd currently has 2 directors. The longest serving directors include Mr Daniel King (Jun 2014) and Mr Russell Jackson (Jun 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel King | United Kingdom | 44 years | Jun 2014 | - | Director |
| Mr Russell Jackson | United Kingdom | 41 years | Jun 2014 | - | Director |
BESPOKE MOTOR WORKS LTD financials
Bespoke Motor Works Ltd's latest turnover from June 2023 is estimated at £5.1 million and the company has net assets of £660.3 thousand. According to their latest financial statements, Bespoke Motor Works Ltd has 9 employees and maintains cash reserves of £131.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 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 | 6 | 5 | 4 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 200,345 | 157,357 | 146,502 | 14,560 | 18,605 | 8,278 | 8,501 | 8,658 | 2,773 |
| 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 | 200,345 | 157,357 | 146,502 | 14,560 | 18,605 | 8,278 | 8,501 | 8,658 | 2,773 |
| Stock & work in progress | 1,857,447 | 1,581,541 | 1,052,618 | 1,183,591 | 926,811 | 721,198 | 596,830 | 531,825 | 218,705 |
| Trade Debtors | 67,414 | 85,269 | 50,360 | 76,458 | 140,777 | 132,848 | 34,539 | 98,387 | 15,665 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 65,797 | 87,364 | 45,618 | 19,819 | 937 | 4,243 | 2,649 | 7,998 | 0 |
| Cash | 131,181 | 119,450 | 455,225 | 146,996 | 20,663 | 129,128 | 74,601 | 53,010 | 66,214 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,121,839 | 1,873,624 | 1,603,821 | 1,426,864 | 1,089,188 | 987,417 | 708,619 | 691,220 | 300,584 |
| total assets | 2,322,184 | 2,030,981 | 1,750,323 | 1,441,424 | 1,107,793 | 995,695 | 717,120 | 699,878 | 303,357 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 991,710 | 557,554 | 491,570 | 434,192 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 75,446 | 199,309 | 90,915 | 258,232 | 97,536 | 161,808 | 29,431 | 124,654 | 185,978 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 78,100 | 68,169 | 122,019 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 295,883 | 236,840 | 165,481 | 111,773 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 380,492 | 417,020 | 361,288 | 200,522 | 203,603 | 66,409 | 73,273 | 85,975 | 0 |
| total current liabilities | 1,447,648 | 1,173,883 | 943,773 | 892,946 | 597,022 | 543,157 | 336,354 | 444,421 | 185,978 |
| loans | 50,615 | 29,923 | 47,120 | 70,475 | 28,876 | 5,557 | 18,889 | 2,222 | 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 | 155,420 | 145,799 | 113,232 | 0 | 0 | 0 | 0 | 0 | 15,556 |
| provisions | 8,198 | 10,959 | 2,239 | 2,767 | 3,535 | 1,573 | 1,615 | 1,732 | 554 |
| total long term liabilities | 214,233 | 186,681 | 162,591 | 73,242 | 32,411 | 7,130 | 20,504 | 3,954 | 16,110 |
| total liabilities | 1,661,881 | 1,360,564 | 1,106,364 | 966,188 | 629,433 | 550,287 | 356,858 | 448,375 | 202,088 |
| net assets | 660,303 | 670,417 | 643,959 | 475,236 | 478,360 | 445,408 | 360,262 | 251,503 | 101,269 |
| total shareholders funds | 660,303 | 670,417 | 643,959 | 475,236 | 478,360 | 445,408 | 360,262 | 251,503 | 101,269 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 45,214 | 32,495 | 26,647 | 5,579 | 5,711 | 2,895 | 2,943 | 1,719 | 831 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 275,906 | 528,923 | -130,973 | 256,780 | 205,613 | 124,368 | 65,005 | 313,120 | 218,705 |
| Debtors | -39,422 | 76,655 | -299 | -45,437 | 4,623 | 99,903 | -69,197 | 90,720 | 15,665 |
| Creditors | -123,863 | 108,394 | -167,317 | 160,696 | -64,272 | 132,377 | -95,223 | -61,324 | 185,978 |
| Accruals and Deferred Income | -36,528 | 55,732 | 160,766 | -3,081 | 137,194 | -6,864 | -12,702 | 85,975 | 0 |
| Deferred Taxes & Provisions | -2,761 | 8,720 | -528 | -768 | 1,962 | -42 | -117 | 1,178 | 554 |
| 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 | 434,156 | 65,984 | 57,378 | 434,192 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -78,100 | 9,931 | -53,850 | 122,019 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -295,883 | 59,043 | 71,359 | 53,708 | 111,773 | 0 |
| Long term loans | 20,692 | -17,197 | -23,355 | 41,599 | 23,319 | -13,332 | 16,667 | 2,222 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 9,621 | 32,567 | 113,232 | 0 | 0 | 0 | 0 | -15,556 | 15,556 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 11,731 | -335,775 | 308,229 | 126,333 | -108,465 | 54,527 | 21,591 | -13,204 | 66,214 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 11,731 | -335,775 | 308,229 | 126,333 | -108,465 | 54,527 | 21,591 | -13,204 | 66,214 |
P&L
June 2023turnover
5.1m
-11%
operating profit
73.3k
0%
gross margin
10.9%
-5.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
660.3k
-0.02%
total assets
2.3m
+0.14%
cash
131.2k
+0.1%
net assets
Total assets minus all liabilities
bespoke motor works ltd company details
company number
09104746
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
1 harley court sopwith close, preston farm industrial estate, stockton-on-tees, cleveland, TS18 3TT
last accounts submitted
June 2023
bespoke motor works 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 found 1 charges/mortgages relating to bespoke motor works ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
bespoke motor works ltd Companies House Filings - See Documents
| date | description | view/download |
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