Pomanda estimates the enterprise value of STEVENAGE CARS LIMITED at £349k based on a Turnover of £1.1m and 0.31x industry multiple (adjusted for size and gross margin).
stevenage cars limitedEstimated Valuation
£31.4k
Pomanda estimates the enterprise value of STEVENAGE CARS LIMITED at £31.4k based on an EBITDA of £7.3k and a 4.31x industry multiple (adjusted for size and gross margin).
stevenage cars limitedEstimated Valuation
£805k
Pomanda estimates the enterprise value of STEVENAGE CARS LIMITED at £805k based on Net Assets of £289.5k and 2.78x industry multiple (adjusted for liquidity).
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Stevenage Cars LimitedOverview
Stevenage Cars Limited is a live company located in bedfordshire, LU1 2BJ with a Companies House number of 09760296. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in September 2015, it's largest shareholder is
scott mitchell
with a 50% stake. Stevenage Cars Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.1m with
declining
growth in recent years.
Pomanda's financial health check has awarded Stevenage Cars Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
2 Strong
5 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£2m)
£1.1m - Stevenage Cars Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (9.3%)
-1% - Stevenage Cars Limited
9.3% - Industry AVG
Production
with a gross margin of 11.8%, this company has a comparable cost of product (11.8%)
11.8% - Stevenage Cars Limited
11.8% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (2.8%)
0.5% - Stevenage Cars Limited
2.8% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (6)
5 - Stevenage Cars Limited
6 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
£31.4k - Stevenage Cars Limited
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £228.4k, this is less efficient (£397.4k)
£228.4k - Stevenage Cars Limited
£397.4k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is near the average (10 days)
8 days - Stevenage Cars Limited
10 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Stevenage Cars Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is in line with average (65 days)
52 days - Stevenage Cars Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 114 weeks, this is more cash available to meet short term requirements (9 weeks)
114 weeks - Stevenage Cars Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31%, this is a lower level of debt than the average (69.7%)
31% - Stevenage Cars Limited
69.7% - Industry AVG
STEVENAGE CARS LIMITED financials
EXPORT
Stevenage Cars Limited's latest turnover from September 2023 is estimated at £1.1 million and the company has net assets of £289.5 thousand. According to their latest financial statements, Stevenage Cars Limited has 5 employees and maintains cash reserves of £243.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Turnover
1,141,773
1,616,917
1,470,473
1,191,722
1,142,086
635,605
426,026
376,920
Other Income Or Grants
Cost Of Sales
1,007,003
1,430,730
1,311,319
1,045,209
1,010,663
560,413
376,435
330,867
Gross Profit
134,770
186,188
159,153
146,513
131,423
75,192
49,591
46,053
Admin Expenses
129,035
130,808
93,774
118,439
5,131
16,317
45,651
38,078
Operating Profit
5,735
55,380
65,379
28,074
126,292
58,875
3,940
7,975
Interest Payable
3,671
3,412
2,919
1,525
Interest Receivable
11,227
4,942
247
215
1,074
449
42
12
Pre-Tax Profit
13,291
56,910
62,706
26,764
127,365
59,325
3,983
7,986
Tax
-3,323
-10,813
-11,914
-5,085
-24,199
-11,272
-757
-1,597
Profit After Tax
9,968
46,097
50,792
21,679
103,166
48,053
3,226
6,389
Dividends Paid
Retained Profit
9,968
46,097
50,792
21,679
103,166
48,053
3,226
6,389
Employee Costs
157,081
221,652
267,856
259,379
199,902
113,884
56,554
55,681
Number Of Employees
5
7
9
9
7
4
2
2
EBITDA*
7,273
57,377
69,263
32,584
130,284
61,950
4,690
7,975
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Tangible Assets
2,372
2,079
2,327
5,713
8,150
8,475
2,250
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,372
2,079
2,327
5,713
8,150
8,475
2,250
Stock & work in progress
145,800
195,451
109,000
112,547
91,547
60,700
27,655
37,386
Trade Debtors
28,030
24,748
32,019
23,805
20,790
7,245
7,341
679
Group Debtors
Misc Debtors
Cash
243,126
184,563
254,718
238,953
191,172
95,209
24,635
9,341
misc current assets
total current assets
416,956
404,762
395,737
375,305
303,509
163,154
59,631
47,406
total assets
419,328
406,841
398,064
381,018
311,659
171,629
61,881
47,406
Bank overdraft
8,724
8,724
Bank loan
Trade Creditors
4,043
21,684
3,620
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
101,543
90,300
118,502
143,276
127,492
108,631
51,783
40,917
total current liabilities
110,267
99,024
118,502
147,319
149,176
112,251
51,783
40,917
loans
19,544
28,268
45,715
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
47
47
442
1,086
1,549
1,610
383
total long term liabilities
19,591
28,315
46,157
51,086
1,549
1,610
383
total liabilities
129,858
127,339
164,659
198,405
150,725
113,861
52,166
40,917
net assets
289,470
279,502
233,405
182,613
160,934
57,768
9,715
6,489
total shareholders funds
289,470
279,502
233,405
182,613
160,934
57,768
9,715
6,489
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Operating Activities
Operating Profit
5,735
55,380
65,379
28,074
126,292
58,875
3,940
7,975
Depreciation
1,538
1,997
3,884
4,510
3,992
3,075
750
Amortisation
Tax
-3,323
-10,813
-11,914
-5,085
-24,199
-11,272
-757
-1,597
Stock
-49,651
86,451
-3,547
21,000
30,847
33,045
-9,731
37,386
Debtors
3,282
-7,271
8,214
3,015
13,545
-96
6,662
679
Creditors
-4,043
-17,641
18,064
3,620
Accruals and Deferred Income
11,243
-28,202
-24,774
15,784
18,861
56,848
10,866
40,917
Deferred Taxes & Provisions
-395
-644
-463
-61
1,227
383
Cash flow from operations
61,562
-61,213
23,221
1,164
98,557
79,424
18,251
9,230
Investing Activities
capital expenditure
-1,831
-1,749
-498
-2,073
-3,667
-9,300
-3,000
Change in Investments
cash flow from investments
-1,831
-1,749
-498
-2,073
-3,667
-9,300
-3,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-8,724
-17,447
-4,285
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
7,556
1,530
-2,672
-1,310
1,074
449
42
12
cash flow from financing
-1,168
-15,917
-6,957
48,690
1,074
449
42
112
cash and cash equivalents
cash
58,563
-70,155
15,765
47,781
95,963
70,574
15,294
9,341
overdraft
8,724
change in cash
58,563
-78,879
15,765
47,781
95,963
70,574
15,294
9,341
stevenage cars limited 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 stevenage cars limited. Get real-time insights into stevenage cars limited's credit score, group structure and payment trends.
Perform a competitor analysis for stevenage cars limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LU1 area or any other competitors across 12 key performance metrics.
stevenage cars limited Ownership
STEVENAGE CARS LIMITED group structure
Stevenage Cars Limited has no subsidiary companies.
Ultimate parent company
STEVENAGE CARS LIMITED
09760296
STEVENAGE CARS LIMITED Shareholders
The largest shareholders in Stevenage Cars Limited include Scott Mitchell and Leslie Simon Izzard.
scott mitchell
50%
leslie simon izzard
50%
stevenage cars limited directors
Stevenage Cars Limited currently has 2 directors.
The longest serving directors include
Mr Leslie Simon Izzard (Sep 2015) and
Mr Scott Mitchell (May 2016).
45112 - Sale of used cars and light motor vehicles
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
11 george street west, luton, bedfordshire, LU1 2BJ
Bank
-
Legal Advisor
-
stevenage cars limited 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 stevenage cars limited.
stevenage cars limited 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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stevenage cars limitedCompanies House Filings - See Documents
