ford spare parts ltd
ford spare parts ltd Company Information
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
unit 16 station approach, hitchin, SG4 9UW
Website
www.fordspareparts.co.ukford spare parts ltd Estimated Valuation
Pomanda estimates the enterprise value of FORD SPARE PARTS LTD at £248.4k based on a Turnover of £764k and 0.33x industry multiple (adjusted for size and gross margin).
ford spare parts ltd Estimated Valuation
Pomanda estimates the enterprise value of FORD SPARE PARTS LTD at £178.3k based on an EBITDA of £47.7k and a 3.74x industry multiple (adjusted for size and gross margin).
ford spare parts ltd Estimated Valuation
Pomanda estimates the enterprise value of FORD SPARE PARTS LTD at £224.2k based on Net Assets of £101.7k and 2.21x industry multiple (adjusted for liquidity).
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Ford Spare Parts Ltd Overview
Ford Spare Parts Ltd is a live company located in hitchin, SG4 9UW with a Companies House number of 09723728. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in August 2015, it's largest shareholder is azeem ahmed with a 100% stake. Ford Spare Parts Ltd is a established, small sized company, Pomanda has estimated its turnover at £764k with declining growth in recent years.
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Ford Spare Parts Ltd Health Check
Pomanda's financial health check has awarded Ford Spare Parts Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £764k, make it larger than the average company (£333.4k)
- Ford Spare Parts Ltd
£333.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5.7%)
- Ford Spare Parts Ltd
5.7% - Industry AVG
Production
with a gross margin of 36.7%, this company has a comparable cost of product (36.7%)
- Ford Spare Parts Ltd
36.7% - Industry AVG
Profitability
an operating margin of 4.6% make it more profitable than the average company (2.3%)
- Ford Spare Parts Ltd
2.3% - Industry AVG
Employees
with 8 employees, this is above the industry average (4)
8 - Ford Spare Parts Ltd
4 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has an equivalent pay structure (£27.5k)
- Ford Spare Parts Ltd
£27.5k - Industry AVG
Efficiency
resulting in sales per employee of £95.5k, this is less efficient (£159.3k)
- Ford Spare Parts Ltd
£159.3k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (21 days)
- Ford Spare Parts Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 136 days, this is slower than average (35 days)
- Ford Spare Parts Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 161 days, this is more than average (88 days)
- Ford Spare Parts Ltd
88 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Ford Spare Parts Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.9%, this is a similar level of debt than the average (74.6%)
78.9% - Ford Spare Parts Ltd
74.6% - Industry AVG
FORD SPARE PARTS LTD financials
Ford Spare Parts Ltd's latest turnover from August 2023 is estimated at £764 thousand and the company has net assets of £101.7 thousand. According to their latest financial statements, Ford Spare Parts Ltd has 8 employees and maintains cash reserves of £496 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 8 | 13 | 9 | 5 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 66,845 | 75,937 | 272,338 | 240,306 | 217,496 | 33,274 | 32,560 | 2,883 |
| Intangible Assets | ||||||||
| Investments & Other | 184,465 | 184,465 | ||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 251,310 | 260,402 | 272,338 | 240,306 | 217,496 | 33,274 | 32,560 | 2,883 |
| Stock & work in progress | 214,650 | 128,475 | ||||||
| Trade Debtors | 13,808 | 5,590 | 129,691 | 79,815 | 56,931 | 60,545 | 32,965 | 10,258 |
| Group Debtors | ||||||||
| Misc Debtors | 2,176 | 18,580 | ||||||
| Cash | 496 | 3,848 | ||||||
| misc current assets | ||||||||
| total current assets | 231,130 | 156,493 | 129,691 | 79,815 | 56,931 | 60,545 | 32,965 | 10,258 |
| total assets | 482,440 | 416,895 | 402,029 | 320,121 | 274,427 | 93,819 | 65,525 | 13,141 |
| Bank overdraft | 38 | |||||||
| Bank loan | ||||||||
| Trade Creditors | 180,489 | 104,046 | 147,244 | 191,555 | 171,432 | 73,377 | 75,247 | 16,762 |
| Group/Directors Accounts | 52,517 | 53,450 | ||||||
| other short term finances | 24,742 | 925 | ||||||
| hp & lease commitments | ||||||||
| other current liabilities | 21,360 | 25,069 | ||||||
| total current liabilities | 279,108 | 183,528 | 147,244 | 191,555 | 171,432 | 73,377 | 75,247 | 16,762 |
| loans | 88,953 | 133,035 | ||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 1,701 | 2,851 | 1,513 | 1,813 | 913 | |||
| other liabilities | 161,820 | 69,980 | 74,400 | |||||
| provisions | 12,701 | 14,428 | ||||||
| total long term liabilities | 101,654 | 147,463 | 161,820 | 71,681 | 77,251 | 1,513 | 1,813 | 913 |
| total liabilities | 380,762 | 330,991 | 309,064 | 263,236 | 248,683 | 74,890 | 77,060 | 17,675 |
| net assets | 101,678 | 85,904 | 92,965 | 56,885 | 25,744 | 18,929 | -11,535 | -4,534 |
| total shareholders funds | 101,678 | 85,904 | 92,965 | 56,885 | 25,744 | 18,929 | -11,535 | -4,534 |
| Aug 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 12,810 | |||||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | 86,175 | 128,475 | ||||||
| Debtors | -8,186 | -105,521 | 49,876 | 22,884 | -3,614 | 27,580 | 22,707 | 10,258 |
| Creditors | 76,443 | -43,198 | -44,311 | 20,123 | 98,055 | -1,870 | 58,485 | 16,762 |
| Accruals and Deferred Income | -3,709 | 25,069 | -1,701 | -1,150 | 1,338 | -300 | 900 | 913 |
| Deferred Taxes & Provisions | -1,727 | 14,428 | ||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 184,465 | |||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | -933 | 53,450 | ||||||
| Other Short Term Loans | 23,817 | 925 | ||||||
| Long term loans | -44,082 | 133,035 | ||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -161,820 | 91,840 | -4,420 | 74,400 | ||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -3,352 | 3,848 | ||||||
| overdraft | -38 | 38 | ||||||
| change in cash | -3,314 | 3,810 |
ford spare parts ltd Credit Report and Business Information
Ford Spare Parts Ltd Competitor Analysis
Perform a competitor analysis for ford spare parts ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SG4 area or any other competitors across 12 key performance metrics.
ford spare parts ltd Ownership
FORD SPARE PARTS LTD group structure
Ford Spare Parts Ltd has no subsidiary companies.
Ultimate parent company
FORD SPARE PARTS LTD
09723728
ford spare parts ltd directors
Ford Spare Parts Ltd currently has 1 director, Mr Azeem Ahmed serving since Aug 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Azeem Ahmed | England | 45 years | Aug 2015 | - | Director |
P&L
August 2023turnover
764k
-2%
operating profit
34.9k
0%
gross margin
36.7%
+0.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
101.7k
+0.18%
total assets
482.4k
+0.16%
cash
496
-0.87%
net assets
Total assets minus all liabilities
Similar Companies
ford spare parts ltd company details
company number
09723728
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
CBS ACCOUNTANTS LTD
auditor
-
address
unit 16 station approach, hitchin, SG4 9UW
Bank
-
Legal Advisor
-
ford spare parts 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 ford spare parts ltd.
ford spare parts 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.
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ford spare parts ltd Companies House Filings - See Documents
| date | description | view/download |
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