B&h Cars Ltd

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b&h cars ltd Company Information

Live

YoungMidRapid

Company Number

09384815

Website

www.bandhcars-worcester.co.uk

Registered Address

1 shanklin road, london, N15 4FB

Industry

Sale of used cars and light motor vehicles

Sale of new cars and light motor vehicles

Telephone

02088651929

Next Accounts Due

October 2024

Group Structure

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Directors

Berish Strom9 Years

Benjamin Hochhauser9 Years

Shareholders

berish strom 50%

benjamin hochhauser 50%

b&h cars ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of B&H CARS LTD at £2.1m based on a Turnover of £7.7m and 0.28x industry multiple (adjusted for size and gross margin).

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B&h Cars Ltd is a live company located in london, N15 4FB with a Companies House number of 09384815. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in January 2015, it's largest shareholder is berish strom with a 50% stake. B&h Cars Ltd is a young, mid sized company, Pomanda has estimated its turnover at £7.7m with rapid growth in recent years.

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Pomanda's financial health check has awarded B&H Cars Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £7.7m, make it smaller than the average company (£25.8m)

Growth

3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (5.3%)

EXPORT

B&H Cars Ltd's latest turnover from January 2023 is estimated at £7.7 million and the company has net assets of £454.6 thousand. According to their latest financial statements, B&H Cars Ltd has 14 employees and maintains cash reserves of £303.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016
Turnover	7,650,450	6,417,477	3,213,689	1,998,352	2,417,249	1,225,577	622,462	67,884
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	6,794,429	5,718,295	2,877,776	1,787,770	2,160,375	1,095,515	555,475	59,891
Gross Profit	856,021	699,182	335,913	210,582	256,874	130,062	66,987	7,993
Admin Expenses	741,489	596,389	225,766	162,130	211,872	113,942	55,201	6,274
Operating Profit	114,532	102,793	110,147	48,452	45,002	16,120	11,786	1,719
Interest Payable	14,800	6,524	3,125	0	0	299	287	0
Interest Receivable	9,742	542	163	951	639	156	77	154
Pre-Tax Profit	109,474	96,811	107,185	49,402	45,641	15,977	11,576	1,874
Tax	-20,800	-18,394	-20,365	-9,386	-8,672	-3,036	-2,315	-375
Profit After Tax	88,674	78,417	86,820	40,016	36,969	12,941	9,261	1,499
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	88,674	78,417	86,820	40,016	36,969	12,941	9,261	1,499
Employee Costs	479,112	227,033	210,765	151,604	178,109	87,233	57,092	27,525
Number Of Employees	14	7	7	5	6	3	2	1
EBITDA*	117,244	105,985	115,496	55,585	49,511	34,234	11,786	1,719

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016
Tangible Assets	63,931	50,886	16,053	21,402	13,530	54,343	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	3,333	0	0	0	0	0	0	0
Total Fixed Assets	67,264	50,886	16,053	21,402	13,530	54,343	0	0
Stock & work in progress	572,644	535,327	346,386	267,692	168,851	135,627	134,389	12,000
Trade Debtors	409,729	343,843	190,374	109,534	142,153	65,293	22,048	0
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	0	36,875	5,489	15,042	76,748	0	1,619	3
Cash	303,588	253,119	180,082	145,404	108,103	62,272	0	61,723
misc current assets	0	0	0	0	0	0	0	0
total current assets	1,285,961	1,169,164	722,331	537,672	495,855	263,192	158,056	73,726
total assets	1,353,225	1,220,050	738,384	559,074	509,385	317,535	158,056	73,726
Bank overdraft	147,951	28,964	7,688	0	0	0	9,196	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	444,141	484,901	159,152	63,326	104,542	27,844	583	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	34,294	64,891	58,598	22,807	13,691	8,758	6,785	375
total current liabilities	626,386	578,756	225,438	86,133	118,233	36,602	16,564	375
loans	57,325	77,341	94,765	0	0	0	0	0
hp & lease commitments	19,001	39,524	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	195,914	158,504	130,673	272,253	330,480	257,230	130,730	71,850
provisions	0	0	0	0	0	0	0	0
total long term liabilities	272,240	275,369	225,438	272,253	330,480	257,230	130,730	71,850
total liabilities	898,626	854,125	450,876	358,386	448,713	293,832	147,294	72,225
net assets	454,599	365,925	287,508	200,688	60,672	23,703	10,762	1,501
total shareholders funds	454,599	365,925	287,508	200,688	60,672	23,703	10,762	1,501

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016
Operating Activities
Operating Profit	114,532	102,793	110,147	48,452	45,002	16,120	11,786	1,719
Depreciation	2,712	3,192	5,349	7,133	4,509	18,114	0	0
Amortisation	0	0	0	0	0	0	0	0
Tax	-20,800	-18,394	-20,365	-9,386	-8,672	-3,036	-2,315	-375
Stock	37,317	188,941	78,694	98,841	33,224	1,238	122,389	12,000
Debtors	32,344	184,855	71,287	-94,325	153,608	41,626	23,664	3
Creditors	-40,760	325,749	95,826	-41,216	76,698	27,261	583	0
Accruals and Deferred Income	-30,597	6,293	35,791	9,116	4,933	1,973	6,410	375
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	-44,574	45,837	76,767	9,583	-64,362	17,568	-129,589	-10,284
Investing Activities
capital expenditure	-15,757	-38,025	0	-15,005	36,304	-72,457	0	0
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	-15,757	-38,025	0	-15,005	36,304	-72,457	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	-20,016	-17,424	94,765	0	0	0	0	0
Hire Purchase and Lease Commitments	-20,523	39,524	0	0	0	0	0	0
other long term liabilities	37,410	27,831	-141,580	-58,227	73,250	126,500	58,880	71,850
share issue	0	0	0	100,000	0	0	0	2
interest	-5,058	-5,982	-2,962	951	639	-143	-210	154
cash flow from financing	-8,187	43,949	-49,777	42,724	73,889	126,357	58,670	72,006
cash and cash equivalents
cash	50,469	73,037	34,678	37,301	45,831	62,272	-61,723	61,723
overdraft	118,987	21,276	7,688	0	0	-9,196	9,196	0
change in cash	-68,518	51,761	26,990	37,301	45,831	71,468	-70,919	61,723

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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B&H CARS LTD group structure

B&H Cars Ltd has no subsidiary companies.

Ultimate parent company

B&H CARS LTD

09384815

B&H CARS LTD Shareholders

berish strom	50%
benjamin hochhauser	50%

B&H Cars Ltd currently has 2 directors. The longest serving directors include Mr Berish Strom (Jan 2015) and Mr Benjamin Hochhauser (Jan 2015).

officer	country	age	start	end	role
Mr Berish Strom	England	41 years	Jan 2015	-	Director
Mr Benjamin Hochhauser	England	34 years	Jan 2015	-	Director

P&L

January 2023

turnover

7.7m

+19%

operating profit

114.5k

gross margin

11.2%

+2.7%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2023

net assets

454.6k

+0.24%

total assets

1.4m

+0.11%

cash

303.6k

+0.2%

net assets

Total assets minus all liabilities

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company number

09384815

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

45111 - Sale of new cars and light motor vehicles

incorporation date

January 2015

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

1 shanklin road, london, N15 4FB

last accounts submitted

January 2023

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 b&h cars ltd.

b&h cars ltd Company Information

b&h cars ltd Estimated Valuation

b&h cars ltd Estimated Valuation

b&h cars ltd Estimated Valuation

B&h Cars Ltd Overview

B&h Cars Ltd Health Check

B&H CARS LTD financials

b&h cars ltd Credit Report and Business Information

B&h Cars Ltd Competitor Analysis

b&h cars ltd Ownership

b&h cars ltd directors

b&h cars ltd company details

b&h cars ltd Charges & Mortgages

b&h cars ltd Companies House Filings - See Documents