go car credit limited
go car credit limited Company Information
Company Number
09821673
Next Accounts
Dec 2024
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Shareholders
carfico limited
Group Structure
View All
Contact
Registered Address
1st floor, chadwick house, birchwood park, warrington, WA3 6AE
Website
www.gocarcredit.co.ukgo car credit limited Estimated Valuation
Pomanda estimates the enterprise value of GO CAR CREDIT LIMITED at £45.4m based on a Turnover of £20.6m and 2.21x industry multiple (adjusted for size and gross margin).
go car credit limited Estimated Valuation
Pomanda estimates the enterprise value of GO CAR CREDIT LIMITED at £75.1m based on an EBITDA of £8.3m and a 9.08x industry multiple (adjusted for size and gross margin).
go car credit limited Estimated Valuation
Pomanda estimates the enterprise value of GO CAR CREDIT LIMITED at £0 based on Net Assets of £-28.2m and 2.3x industry multiple (adjusted for liquidity).
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Go Car Credit Limited Overview
Go Car Credit Limited is a live company located in warrington, WA3 6AE with a Companies House number of 09821673. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in October 2015, it's largest shareholder is carfico limited with a 100% stake. Go Car Credit Limited is a young, large sized company, Pomanda has estimated its turnover at £20.6m with healthy growth in recent years.
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Go Car Credit Limited Health Check
Pomanda's financial health check has awarded Go Car Credit Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £20.6m, make it larger than the average company (£6.1m)
£20.6m - Go Car Credit Limited
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.3%)
8% - Go Car Credit Limited
4.3% - Industry AVG
Production
with a gross margin of 87.6%, this company has a lower cost of product (63.7%)
87.6% - Go Car Credit Limited
63.7% - Industry AVG
Profitability
an operating margin of 37.4% make it more profitable than the average company (24.2%)
37.4% - Go Car Credit Limited
24.2% - Industry AVG
Employees
with 107 employees, this is above the industry average (25)
107 - Go Car Credit Limited
25 - Industry AVG
Pay Structure
on an average salary of £49.2k, the company has an equivalent pay structure (£56.9k)
£49.2k - Go Car Credit Limited
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £192.1k, this is less efficient (£235.3k)
£192.1k - Go Car Credit Limited
£235.3k - Industry AVG
Debtor Days
it gets paid by customers after 212 days, this is near the average (201 days)
212 days - Go Car Credit Limited
201 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (48 days)
60 days - Go Car Credit Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 202 days, this is more than average (45 days)
202 days - Go Car Credit Limited
45 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Go Car Credit Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 146%, this is a higher level of debt than the average (89.7%)
146% - Go Car Credit Limited
89.7% - Industry AVG
GO CAR CREDIT LIMITED financials
Go Car Credit Limited's latest turnover from March 2023 is £20.6 million and the company has net assets of -£28.2 million. According to their latest financial statements, Go Car Credit Limited has 107 employees and maintains cash reserves of £383 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 20,550,000 | 18,376,000 | 16,760,000 | 16,173,000 | 13,469,000 | 3,940,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 2,558,000 | 3,368,000 | 4,047,000 | 5,198,000 | 3,208,000 | 692,000 | |
| Gross Profit | 17,992,000 | 15,008,000 | 12,713,000 | 10,975,000 | 10,261,000 | 3,248,000 | |
| Admin Expenses | 10,308,000 | 8,235,000 | 8,739,000 | 13,563,000 | 10,482,000 | 5,094,000 | |
| Operating Profit | 7,684,000 | 6,773,000 | 3,974,000 | -2,588,000 | -221,000 | -1,846,000 | |
| Interest Payable | 420,000 | 69,000 | 0 | 10,307,000 | 8,935,000 | 978,000 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -5,877,000 | 6,176,000 | -9,815,000 | -12,895,000 | -9,156,000 | -2,824,000 | |
| Tax | 891,000 | 1,671,000 | 1,629,000 | 1,138,000 | 810,000 | 32,000 | |
| Profit After Tax | -4,986,000 | 7,847,000 | -8,186,000 | -11,757,000 | -8,346,000 | -2,792,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -4,986,000 | 7,847,000 | -8,186,000 | -11,757,000 | -8,346,000 | -2,792,000 | |
| Employee Costs | 5,260,000 | 4,801,000 | 4,877,000 | 5,771,000 | 4,563,000 | 1,986,000 | |
| Number Of Employees | 107 | 115 | 125 | 162 | 131 | 79 | |
| EBITDA* | 8,270,000 | 7,517,000 | 4,914,000 | -1,808,000 | 448,000 | -1,523,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 683,000 | 876,000 | 1,012,000 | 1,396,000 | 1,195,000 | 775,000 | 0 |
| Intangible Assets | 487,000 | 410,000 | 528,000 | 534,000 | 585,000 | 444,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 43,725,000 | 32,995,000 | 0 | 24,798,000 | 0 | 0 | 0 |
| Total Fixed Assets | 44,895,000 | 34,281,000 | 1,540,000 | 26,728,000 | 1,780,000 | 1,219,000 | 0 |
| Stock & work in progress | 1,417,000 | 1,070,000 | 1,085,000 | 1,206,000 | 685,000 | 265,000 | 0 |
| Trade Debtors | 11,976,000 | 11,431,000 | 36,958,000 | 13,183,000 | 31,797,000 | 16,223,000 | 0 |
| Group Debtors | 0 | 0 | 2,201,000 | 7,058,000 | 3,312,000 | 4,297,000 | 0 |
| Misc Debtors | 2,641,000 | 1,717,000 | 1,189,000 | 5,518,000 | 4,710,000 | 6,629,000 | 0 |
| Cash | 383,000 | 1,951,000 | 2,889,000 | 1,184,000 | 5,521,000 | 4,548,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,417,000 | 16,169,000 | 44,322,000 | 28,149,000 | 46,025,000 | 31,962,000 | 0 |
| total assets | 61,312,000 | 50,450,000 | 45,862,000 | 54,877,000 | 47,805,000 | 33,181,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 421,000 | 410,000 | 465,000 | 676,000 | 955,000 | 988,000 | 0 |
| Group/Directors Accounts | 48,593,000 | 44,334,000 | 49,429,000 | 48,696,000 | 30,696,000 | 22,025,000 | 0 |
| other short term finances | 3,517,000 | 1,702,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 967,000 | 606,000 | 537,000 | 822,000 | 4,866,000 | 1,091,000 | 0 |
| total current liabilities | 53,498,000 | 47,052,000 | 50,431,000 | 50,194,000 | 36,517,000 | 24,104,000 | 0 |
| loans | 36,034,000 | 26,632,000 | 26,512,000 | 27,578,000 | 22,426,000 | 11,869,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 36,034,000 | 26,632,000 | 26,512,000 | 27,578,000 | 22,426,000 | 11,869,000 | 0 |
| total liabilities | 89,532,000 | 73,684,000 | 76,943,000 | 77,772,000 | 58,943,000 | 35,973,000 | 0 |
| net assets | -28,220,000 | -23,234,000 | -31,081,000 | -22,895,000 | -11,138,000 | -2,792,000 | 0 |
| total shareholders funds | -28,220,000 | -23,234,000 | -31,081,000 | -22,895,000 | -11,138,000 | -2,792,000 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 7,684,000 | 6,773,000 | 3,974,000 | -2,588,000 | -221,000 | -1,846,000 | |
| Depreciation | 325,000 | 410,000 | 572,000 | 407,000 | 405,000 | 228,000 | |
| Amortisation | 261,000 | 334,000 | 368,000 | 373,000 | 264,000 | 95,000 | |
| Tax | 891,000 | 1,671,000 | 1,629,000 | 1,138,000 | 810,000 | 32,000 | |
| Stock | 347,000 | -15,000 | -121,000 | 521,000 | 420,000 | 265,000 | 0 |
| Debtors | 12,199,000 | 5,795,000 | -10,209,000 | 10,738,000 | 12,670,000 | 27,149,000 | 0 |
| Creditors | 11,000 | -55,000 | -211,000 | -279,000 | -33,000 | 988,000 | 0 |
| Accruals and Deferred Income | 361,000 | 69,000 | -285,000 | -4,044,000 | 3,775,000 | 1,091,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,013,000 | 3,422,000 | 16,377,000 | -16,252,000 | -8,090,000 | -26,826,000 | |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,259,000 | -5,095,000 | 733,000 | 18,000,000 | 8,671,000 | 22,025,000 | 0 |
| Other Short Term Loans | 1,815,000 | 1,702,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 9,402,000 | 120,000 | -1,066,000 | 5,152,000 | 10,557,000 | 11,869,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -420,000 | -69,000 | 0 | -10,307,000 | -8,935,000 | -978,000 | |
| cash flow from financing | 15,056,000 | -3,342,000 | -333,000 | 12,845,000 | 10,293,000 | 32,916,000 | |
| cash and cash equivalents | |||||||
| cash | -1,568,000 | -938,000 | 1,705,000 | -4,337,000 | 973,000 | 4,548,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,568,000 | -938,000 | 1,705,000 | -4,337,000 | 973,000 | 4,548,000 | 0 |
go car credit limited Credit Report and Business Information
Go Car Credit Limited Competitor Analysis
Perform a competitor analysis for go car credit limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in WA3 area or any other competitors across 12 key performance metrics.
go car credit limited Ownership
GO CAR CREDIT LIMITED group structure
Go Car Credit Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
GO CAR CREDIT LIMITED
09821673
4 subsidiaries
go car credit limited directors
Go Car Credit Limited currently has 4 directors. The longest serving directors include Mr Mark Giles (Jul 2017) and Mr Paul Hogan (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Giles | England | 56 years | Jul 2017 | - | Director |
| Mr Paul Hogan | England | 46 years | Nov 2023 | - | Director |
| Mrs Amy Andrews | England | 43 years | Nov 2023 | - | Director |
| Miss Lorna Rossi | England | 48 years | Nov 2023 | - | Director |
P&L
March 2023turnover
20.6m
+12%
operating profit
7.7m
+13%
gross margin
87.6%
+7.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-28.2m
+0.21%
total assets
61.3m
+0.22%
cash
383k
-0.8%
net assets
Total assets minus all liabilities
Similar Companies
go car credit limited company details
company number
09821673
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
October 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
zenon finance ltd (July 2017)
accountant
-
auditor
GRANT THORNTON UK LLP
address
1st floor, chadwick house, birchwood park, warrington, WA3 6AE
Bank
-
Legal Advisor
-
go car credit 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 found 16 charges/mortgages relating to go car credit limited. Currently there are 5 open charges and 11 have been satisfied in the past.
go car credit 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.
Click to start generating capital raising & share issue transactions for GO CAR CREDIT LIMITED. This can take several minutes, an email will notify you when this has completed.
go car credit limited Companies House Filings - See Documents
| date | description | view/download |
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