Mcr Car Hire Ltd

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mcr car hire ltd Company Information

Live

YoungMicroDeclining

Company Number

09740762

Website

mcrcarhire.co.uk

Registered Address

353 lower broughton road, salford, M7 2HR

Industry

Renting and leasing of cars and light motor vehicles

Telephone

01617910795

Next Accounts Due

112 days late

Group Structure

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Directors

Nasir Iqbal3 Years

Shareholders

nasir iqbal 100%

mcr car hire ltd Estimated Valuation

£35.3k

Pomanda estimates the enterprise value of MCR CAR HIRE LTD at £35.3k based on a Turnover of £66.5k and 0.53x industry multiple (adjusted for size and gross margin).

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Mcr Car Hire Ltd is a live company located in salford, M7 2HR with a Companies House number of 09740762. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in August 2015, it's largest shareholder is nasir iqbal with a 100% stake. Mcr Car Hire Ltd is a young, micro sized company, Pomanda has estimated its turnover at £66.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Mcr Car Hire Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £66.5k, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.1%)

EXPORT

Mcr Car Hire Ltd's latest turnover from August 2022 is estimated at £66.5 thousand and the company has net assets of -£33.2 thousand. According to their latest financial statements, Mcr Car Hire Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Turnover	66,455	72,963	100,421	85,933	54,545	49,532	53,775
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	54,593	63,150	85,806	70,908	44,490	40,320	43,201
Gross Profit	11,862	9,813	14,615	15,025	10,054	9,212	10,574
Admin Expenses	12,896	27,311	13,306	27,304	9,870	13,244	10,025
Operating Profit	-1,034	-17,498	1,309	-12,279	184	-4,032	549
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	7	3	1
Pre-Tax Profit	-1,034	-17,498	1,309	-12,279	191	-4,029	550
Tax	0	0	-249	0	-36	0	-110
Profit After Tax	-1,034	-17,498	1,060	-12,279	155	-4,029	440
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-1,034	-17,498	1,060	-12,279	155	-4,029	440
Employee Costs	77,096	66,494	67,113	67,535	31,118	33,894	33,385
Number Of Employees	2	2	2	2	1	1	1
EBITDA*	-1,034	-17,498	1,309	-12,279	184	-4,032	689

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Tangible Assets	298	350	412	485	570	671	790
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	298	350	412	485	570	671	790
Stock & work in progress	0	0	0	0	0	17,005	16,989
Trade Debtors	3,527	9,363	20,651	9,270	17,646	0	0
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	0	0	0	0	0	1,839	710
misc current assets	0	0	0	0	0	0	0
total current assets	3,527	9,363	20,651	9,270	17,646	18,844	17,699
total assets	3,825	9,713	21,063	9,755	18,216	19,515	18,489
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	400	5,254	4,396	4,448	885	1,039	404
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	400	5,254	4,396	4,448	885	1,039	404
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	36,610	36,610	31,320	21,020	20,765	21,965	17,545
provisions	0	0	0	0	0	0	0
total long term liabilities	36,610	36,610	31,320	21,020	20,765	21,965	17,545
total liabilities	37,010	41,864	35,716	25,468	21,650	23,004	17,949
net assets	-33,185	-32,151	-14,653	-15,713	-3,434	-3,489	540
total shareholders funds	-33,185	-32,151	-14,653	-15,713	-3,434	-3,489	540

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Operating Activities
Operating Profit	-1,034	-17,498	1,309	-12,279	184	-4,032	549
Depreciation	0	0	0	0	0	0	140
Amortisation	0	0	0	0	0	0	0
Tax	0	0	-249	0	-36	0	-110
Stock	0	0	0	0	-17,005	16	16,989
Debtors	-5,836	-11,288	11,381	-8,376	17,646	0	0
Creditors	-4,854	858	-52	3,563	-154	635	404
Accruals and Deferred Income	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	-52	-5,352	-10,373	-340	-647	-3,413	-16,006
Investing Activities
capital expenditure	52	62	73	85	101	119	-930
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	52	62	73	85	101	119	-930
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	5,290	10,300	255	-1,200	4,420	17,545
share issue	0	0	0	0	-100	0	100
interest	0	0	0	0	7	3	1
cash flow from financing	0	5,290	10,300	255	-1,293	4,423	17,646
cash and cash equivalents
cash	0	0	0	0	-1,839	1,129	710
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	-1,839	1,129	710

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mcr car hire ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in M 7 area or any other competitors across 12 key performance metrics.

MCR CAR HIRE LTD group structure

Mcr Car Hire Ltd has no subsidiary companies.

Ultimate parent company

MCR CAR HIRE LTD

09740762

MCR CAR HIRE LTD Shareholders

nasir iqbal

100%

Mcr Car Hire Ltd currently has 1 director, Mr Nasir Iqbal serving since Dec 2020.

officer	country	age	start	end	role
Mr Nasir Iqbal	England	51 years	Dec 2020	-	Director

P&L

August 2022

turnover

66.5k

-9%

operating profit

-1k

gross margin

17.9%

+32.72%

turnover

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

Balance Sheet

August 2022

net assets

-33.2k

+0.03%

total assets

3.8k

-0.61%

cash

net assets

Total assets minus all liabilities

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company number

09740762

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

incorporation date

August 2015

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

August 2022

address

353 lower broughton road, salford, M7 2HR

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 mcr car hire ltd.

mcr car hire ltd Company Information

mcr car hire ltd Estimated Valuation

mcr car hire ltd Estimated Valuation

mcr car hire ltd Estimated Valuation

Mcr Car Hire Ltd Overview

Mcr Car Hire Ltd Health Check

MCR CAR HIRE LTD financials

mcr car hire ltd Credit Report and Business Information

Mcr Car Hire Ltd Competitor Analysis

mcr car hire ltd Ownership

mcr car hire ltd directors

mcr car hire ltd company details

mcr car hire ltd Charges & Mortgages

mcr car hire ltd Companies House Filings - See Documents