Pomanda estimates the enterprise value of MIDLAND PREMIER CARS LTD at £763.2k based on a Turnover of £2.9m and 0.27x industry multiple (adjusted for size and gross margin).
midland premier cars ltdEstimated Valuation
£12m
Pomanda estimates the enterprise value of MIDLAND PREMIER CARS LTD at £12m based on an EBITDA of £3.4m and a 3.59x industry multiple (adjusted for size and gross margin).
midland premier cars ltdEstimated Valuation
£7.4m
Pomanda estimates the enterprise value of MIDLAND PREMIER CARS LTD at £7.4m based on Net Assets of £2.7m and 2.78x industry multiple (adjusted for liquidity).
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Midland Premier Cars LtdOverview
Midland Premier Cars Ltd is a dissolved company that was located in coventry, CV7 8HN with a Companies House number of 09264395. It operated in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2014, it's largest shareholder was
wesley britton
with a 100% stake. The last turnover for Midland Premier Cars Ltd was estimated at £2.9m.
Pomanda's financial health check has awarded Midland Premier Cars 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 Rating5out of 5
5 Strong
3 Regular
3 Weak
Size
annual sales of £2.9m, make it in line with the average company (£3m)
£2.9m - Midland Premier Cars Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (7.6%)
57% - Midland Premier Cars Ltd
7.6% - Industry AVG
Production
with a gross margin of 7.6%, this company has a higher cost of product (11.8%)
7.6% - Midland Premier Cars Ltd
11.8% - Industry AVG
Profitability
an operating margin of 116.7% make it more profitable than the average company (2.9%)
116.7% - Midland Premier Cars Ltd
2.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (30)
4 - Midland Premier Cars Ltd
30 - Industry AVG
Pay Structure
on an average salary of £28.5k, the company has an equivalent pay structure (£28.5k)
£28.5k - Midland Premier Cars Ltd
£28.5k - Industry AVG
Efficiency
resulting in sales per employee of £717.8k, this is more efficient (£459.3k)
£717.8k - Midland Premier Cars Ltd
£459.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Midland Premier Cars Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is close to average (15 days)
15 days - Midland Premier Cars Ltd
15 days - Industry AVG
Stock Days
it holds stock equivalent to 132 days, this is more than average (54 days)
132 days - Midland Premier Cars Ltd
54 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 118 weeks, this is more cash available to meet short term requirements (8 weeks)
118 weeks - Midland Premier Cars Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.2%, this is a lower level of debt than the average (69.7%)
4.2% - Midland Premier Cars Ltd
69.7% - Industry AVG
MIDLAND PREMIER CARS LTD financials
EXPORT
Midland Premier Cars Ltd's latest turnover from October 2018 is estimated at £2.9 million and the company has net assets of £2.7 million. According to their latest financial statements, we estimate that Midland Premier Cars Ltd has 4 employees and maintains cash reserves of £265.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Turnover
2,871,091
2,890,288
1,164,292
735,072
Other Income Or Grants
Cost Of Sales
2,653,866
2,679,891
1,072,704
670,842
Gross Profit
217,226
210,397
91,587
64,231
Admin Expenses
-3,132,950
205,077
248,544
-57,595
Operating Profit
3,350,176
5,320
-156,957
121,826
Interest Payable
Interest Receivable
1,022
77
69
1
Pre-Tax Profit
3,351,199
5,398
-156,888
121,828
Tax
-636,728
-1,026
-24,365
Profit After Tax
2,714,471
4,372
-156,888
97,462
Dividends Paid
Retained Profit
2,714,471
4,372
-156,888
97,462
Employee Costs
113,871
113,033
55,681
52,560
Number Of Employees
4
4
2
2
EBITDA*
3,350,176
5,320
-156,957
121,826
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Tangible Assets
500,000
Intangible Assets
500,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,000,000
Stock & work in progress
965,329
732,964
286,211
95,700
Trade Debtors
78,000
Group Debtors
Misc Debtors
545,000
30,000
24,246
Cash
265,488
7,162
54,663
433
misc current assets
total current assets
1,775,817
770,126
365,120
174,133
total assets
2,775,817
770,126
365,120
174,133
Bank overdraft
Bank loan
Trade Creditors
116,300
48,082
Group/Directors Accounts
67,589
37,089
28,489
other short term finances
hp & lease commitments
other current liabilities
757,491
387,357
total current liabilities
116,300
825,080
424,446
76,571
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
116,300
825,080
424,446
76,571
net assets
2,659,517
-54,954
-59,326
97,562
total shareholders funds
2,659,517
-54,954
-59,326
97,562
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Operating Activities
Operating Profit
3,350,176
5,320
-156,957
121,826
Depreciation
Amortisation
Tax
-636,728
-1,026
-24,365
Stock
232,365
446,753
190,511
95,700
Debtors
515,000
5,754
-53,754
78,000
Creditors
116,300
-48,082
48,082
Accruals and Deferred Income
-757,491
370,134
387,357
Deferred Taxes & Provisions
Cash flow from operations
1,324,892
-78,079
45,561
-28,157
Investing Activities
capital expenditure
-1,000,000
Change in Investments
cash flow from investments
-1,000,000
Financing Activities
Bank loans
Group/Directors Accounts
-67,589
30,500
8,600
28,489
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
1,022
77
69
1
cash flow from financing
-66,567
30,577
8,669
28,590
cash and cash equivalents
cash
258,326
-47,501
54,230
433
overdraft
change in cash
258,326
-47,501
54,230
433
midland premier cars ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for midland premier cars ltd. Get real-time insights into midland premier cars ltd's credit score, group structure and payment trends.
Perform a competitor analysis for midland premier cars ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in CV7 area or any other competitors across 12 key performance metrics.
midland premier cars ltd Ownership
MIDLAND PREMIER CARS LTD group structure
Midland Premier Cars Ltd has no subsidiary companies.
Ultimate parent company
MIDLAND PREMIER CARS LTD
09264395
MIDLAND PREMIER CARS LTD Shareholders
The sole shareholder of Midland Premier Cars Ltd is Wesley Britton.
wesley britton
100%
midland premier cars ltd directors
Midland Premier Cars Ltd currently has 1 director, Mr Wesley Britton serving since Oct 2014.
45112 - Sale of used cars and light motor vehicles
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
October 2018
previous names
N/A
accountant
-
auditor
-
address
2-3 arley industrial park, colliers way, coventry, CV7 8HN
Bank
-
Legal Advisor
-
midland premier cars 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 midland premier cars ltd.
midland premier cars ltd 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.
Click to start generating capital raising & share issue transactions for MIDLAND PREMIER CARS LTD. This can take several minutes, an email will notify you when this has completed.
midland premier cars ltdCompanies House Filings - See Documents
