Pomanda estimates the enterprise value of ELITE AUTOMOTIVE LTD at £12.8m based on a Turnover of £27m and 0.47x industry multiple (adjusted for size and gross margin).
elite automotive ltdEstimated Valuation
£8.1m
Pomanda estimates the enterprise value of ELITE AUTOMOTIVE LTD at £8.1m based on an EBITDA of £1.1m and a 7.37x industry multiple (adjusted for size and gross margin).
elite automotive ltdEstimated Valuation
£9.9m
Pomanda estimates the enterprise value of ELITE AUTOMOTIVE LTD at £9.9m based on Net Assets of £3.6m and 2.73x industry multiple (adjusted for liquidity).
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Elite Automotive LtdOverview
Elite Automotive Ltd is a live company located in milton keynes, MK1 1BU with a Companies House number of 09717681. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in August 2015, it's largest shareholder is
kamal syed shahryar
with a 100% stake. Elite Automotive Ltd is a established,
large sized company, Pomanda has estimated its turnover at
£27m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Elite Automotive Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 0 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
10 Strong
2 Regular
0 Weak
Size
annual sales of £27m, make it larger than the average company (£2.1m)
£27m - Elite Automotive Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (8.7%)
54% - Elite Automotive Ltd
8.7% - Industry AVG
Production
with a gross margin of 14%, this company has a lower cost of product (11.6%)
14% - Elite Automotive Ltd
11.6% - Industry AVG
Profitability
an operating margin of 3.9% make it more profitable than the average company (2.8%)
3.9% - Elite Automotive Ltd
2.8% - Industry AVG
Employees
with 24 employees, this is above the industry average (6)
24 - Elite Automotive Ltd
6 - Industry AVG
Pay Structure
on an average salary of £31.3k, the company has an equivalent pay structure (£31.3k)
£31.3k - Elite Automotive Ltd
£31.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£404.2k)
£1.1m - Elite Automotive Ltd
£404.2k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is near the average (10 days)
8 days - Elite Automotive Ltd
10 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is slower than average (16 days)
21 days - Elite Automotive Ltd
16 days - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is less than average (66 days)
40 days - Elite Automotive Ltd
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 21 weeks, this is more cash available to meet short term requirements (9 weeks)
21 weeks - Elite Automotive Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.7%, this is a lower level of debt than the average (71.3%)
28.7% - Elite Automotive Ltd
71.3% - Industry AVG
ELITE AUTOMOTIVE LTD financials
EXPORT
Elite Automotive Ltd's latest turnover from August 2023 is £27 million and the company has net assets of £3.6 million. According to their latest financial statements, Elite Automotive Ltd has 24 employees and maintains cash reserves of £575.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Turnover
27,003,938
21,391,447
18,930,853
7,451,980
12,321,531
8,654,344
3,961,504
1,457,313
Other Income Or Grants
Cost Of Sales
23,216,175
19,378,990
17,520,994
6,553,051
10,908,911
7,647,427
3,508,238
1,280,407
Gross Profit
3,787,763
2,012,457
1,409,859
898,929
1,412,620
1,006,917
453,266
176,906
Admin Expenses
2,745,052
1,589,463
1,389,442
131,605
724,887
352,861
-125,080
-248,010
Operating Profit
1,042,711
422,994
20,417
767,324
687,733
654,056
578,346
424,916
Interest Payable
6,182
8,108
799
Interest Receivable
2,990
821
289
779
467
252
Pre-Tax Profit
1,036,529
414,886
23,407
767,346
688,022
654,835
578,814
425,169
Tax
-259,132
-111,517
-8,520
-145,796
-130,724
-124,419
-109,975
-85,034
Profit After Tax
777,397
303,369
14,887
621,550
557,298
530,416
468,839
340,135
Dividends Paid
Retained Profit
777,397
303,369
14,887
621,550
557,298
530,416
468,839
340,135
Employee Costs
750,030
673,515
737,193
635,955
516,809
518,748
401,568
111,524
Number Of Employees
24
21
25
22
18
18
14
4
EBITDA*
1,100,359
448,005
46,224
793,952
729,720
676,919
602,455
455,577
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Tangible Assets
797,591
69,320
94,331
113,013
130,671
142,306
133,650
91,984
Intangible Assets
61,134
Investments & Other
Debtors (Due After 1 year)
101,749
289,078
Total Fixed Assets
858,725
69,320
94,331
113,013
232,420
431,384
133,650
91,984
Stock & work in progress
2,591,218
1,906,260
1,264,938
1,267,504
2,303,984
1,309,488
690,000
377,600
Trade Debtors
644,514
133,148
322,612
167,170
22,562
19,522
Group Debtors
Misc Debtors
397,908
268,814
778,387
363,769
345,736
73,687
Cash
575,478
942,071
590,931
1,600,460
41,405
35,615
172,019
201,812
misc current assets
total current assets
4,209,118
3,250,293
2,956,868
3,398,903
2,345,389
1,345,103
1,230,317
672,621
total assets
5,067,843
3,319,613
3,051,199
3,511,916
2,577,809
1,776,487
1,363,967
764,605
Bank overdraft
44,909
26,197
Bank loan
Trade Creditors
1,351,029
349,376
681,021
436,997
21,960
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
21,990
19,350
298,167
746,578
507,658
355,175
total current liabilities
1,373,019
368,726
343,076
772,775
681,021
436,997
507,658
377,135
loans
174,898
hp & lease commitments
80,833
114,293
Accruals and Deferred Income
other liabilities
220,803
47,235
47,235
provisions
total long term liabilities
80,833
114,293
174,898
220,803
47,235
47,235
total liabilities
1,453,852
483,019
517,974
993,578
681,021
436,997
554,893
424,370
net assets
3,613,991
2,836,594
2,533,225
2,518,338
1,896,788
1,339,490
809,074
340,235
total shareholders funds
3,613,991
2,836,594
2,533,225
2,518,338
1,896,788
1,339,490
809,074
340,235
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Operating Activities
Operating Profit
1,042,711
422,994
20,417
767,324
687,733
654,056
578,346
424,916
Depreciation
57,648
25,011
25,807
26,628
41,987
22,863
24,109
30,661
Amortisation
Tax
-259,132
-111,517
-8,520
-145,796
-130,724
-124,419
-109,975
-85,034
Stock
684,958
641,322
-2,566
-1,036,480
994,496
619,488
312,400
377,600
Debtors
640,460
-699,037
570,060
429,190
-187,329
-79,220
275,089
93,209
Creditors
1,001,653
349,376
-681,021
244,024
436,997
-21,960
21,960
Accruals and Deferred Income
2,640
-278,817
-448,411
746,578
-507,658
152,483
355,175
Deferred Taxes & Provisions
Cash flow from operations
520,102
464,762
-978,201
1,321,003
35,853
-58,429
35,514
276,869
Investing Activities
capital expenditure
-847,053
-7,125
-8,970
-30,352
-31,519
-65,775
-122,645
Change in Investments
cash flow from investments
-847,053
-7,125
-8,970
-30,352
-31,519
-65,775
-122,645
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-174,898
174,898
Hire Purchase and Lease Commitments
-33,460
114,293
other long term liabilities
-220,803
220,803
-47,235
47,235
share issue
100
interest
-6,182
-8,108
2,990
22
289
779
467
252
cash flow from financing
-39,642
-68,713
-42,915
220,825
289
-46,456
467
47,587
cash and cash equivalents
cash
-366,593
351,140
-1,009,529
1,559,055
5,790
-136,404
-29,793
201,812
overdraft
-44,909
18,712
26,197
change in cash
-366,593
396,049
-1,028,241
1,532,858
5,790
-136,404
-29,793
201,812
elite automotive 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 elite automotive ltd. Get real-time insights into elite automotive ltd's credit score, group structure and payment trends.
Perform a competitor analysis for elite automotive ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in MK1 area or any other competitors across 12 key performance metrics.
elite automotive ltd Ownership
ELITE AUTOMOTIVE LTD group structure
Elite Automotive Ltd has no subsidiary companies.
Ultimate parent company
ELITE AUTOMOTIVE LTD
09717681
ELITE AUTOMOTIVE LTD Shareholders
The sole shareholder of Elite Automotive Ltd is Kamal Syed Shahryar.
kamal syed shahryar
100%
elite automotive ltd directors
Elite Automotive Ltd currently has 3 directors.
The longest serving directors include
Mr Chandandeep Singh (Jun 2019) and
Mrs Sana Shahryar Kamal (Apr 2021).
45112 - Sale of used cars and light motor vehicles
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
hilton car supermarket, auckland park, milton keynes, MK1 1BU
Bank
-
Legal Advisor
-
elite automotive 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 2 charges/mortgages relating to elite automotive ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
elite automotive 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 ELITE AUTOMOTIVE LTD. This can take several minutes, an email will notify you when this has completed.
elite automotive ltdCompanies House Filings - See Documents
