cssl 1 realisations limited
cssl 1 realisations limited Company Information
Company Number
09829742
Next Accounts
182 days late
Shareholders
cazoo holdings limited
Group Structure
View All
Industry
Renting and leasing of cars and light motor vehicles
Registered Address
6th floor bank house, cherry street, birmingham, B2 5AL
Website
www.joindrover.comcssl 1 realisations limited Estimated Valuation
Pomanda estimates the enterprise value of CSSL 1 REALISATIONS LIMITED at £2.3m based on a Turnover of £4m and 0.58x industry multiple (adjusted for size and gross margin).
cssl 1 realisations limited Estimated Valuation
Pomanda estimates the enterprise value of CSSL 1 REALISATIONS LIMITED at £96.2m based on an EBITDA of £36.3m and a 2.65x industry multiple (adjusted for size and gross margin).
cssl 1 realisations limited Estimated Valuation
Pomanda estimates the enterprise value of CSSL 1 REALISATIONS LIMITED at £0 based on Net Assets of £-4m and 2.24x industry multiple (adjusted for liquidity).
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Cssl 1 Realisations Limited Overview
Cssl 1 Realisations Limited is a live company located in birmingham, B2 5AL with a Companies House number of 09829742. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in October 2015, it's largest shareholder is cazoo holdings limited with a 100% stake. Cssl 1 Realisations Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.
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Cssl 1 Realisations Limited Health Check
Pomanda's financial health check has awarded Cssl 1 Realisations Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £4m, make it smaller than the average company (£13.3m)
- Cssl 1 Realisations Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (3.7%)
- Cssl 1 Realisations Limited
3.7% - Industry AVG
Production
with a gross margin of 18.8%, this company has a higher cost of product (30.6%)
- Cssl 1 Realisations Limited
30.6% - Industry AVG
Profitability
an operating margin of 908.2% make it more profitable than the average company (11.3%)
- Cssl 1 Realisations Limited
11.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (53)
2 - Cssl 1 Realisations Limited
53 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£40.6k)
- Cssl 1 Realisations Limited
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£295.2k)
- Cssl 1 Realisations Limited
£295.2k - Industry AVG
Debtor Days
it gets paid by customers after 187 days, this is later than average (38 days)
- Cssl 1 Realisations Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (23 days)
- Cssl 1 Realisations Limited
23 days - Industry AVG
Stock Days
it holds stock equivalent to 71 days, this is more than average (13 days)
- Cssl 1 Realisations Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)
0 weeks - Cssl 1 Realisations Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.2%, this is a higher level of debt than the average (81.5%)
121.2% - Cssl 1 Realisations Limited
81.5% - Industry AVG
CSSL 1 REALISATIONS LIMITED financials
Cssl 1 Realisations Limited's latest turnover from December 2022 is estimated at £4 million and the company has net assets of -£4 million. According to their latest financial statements, Cssl 1 Realisations Limited has 2 employees and maintains cash reserves of £65 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 9,062,000 | 12,469,000 | 15,307,900 | ||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 7,922,000 | 12,011,000 | 12,926,387 | ||||
| Gross Profit | 1,140,000 | 458,000 | 2,381,513 | ||||
| Admin Expenses | 4,266,000 | 11,775,000 | 13,854,212 | ||||
| Operating Profit | -3,126,000 | -11,317,000 | -11,472,699 | ||||
| Interest Payable | 460,000 | 317,000 | 102,712 | ||||
| Interest Receivable | 1,000 | 99 | |||||
| Pre-Tax Profit | -3,585,000 | -11,634,000 | -11,575,312 | ||||
| Tax | -24,000 | 257,000 | 547,101 | ||||
| Profit After Tax | -3,609,000 | -11,377,000 | -11,028,211 | ||||
| Dividends Paid | |||||||
| Retained Profit | -3,609,000 | -11,377,000 | -11,028,211 | ||||
| Employee Costs | 864,000 | 3,575,000 | 6,440,222 | ||||
| Number Of Employees | 2 | 16 | 83 | 83 | 66 | 32 | 9 |
| EBITDA* | -1,558,000 | -11,184,000 | -11,407,267 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,778,000 | 8,203,000 | 1,837,000 | 864,775 | 442,182 | 101,961 | 58,620 |
| Intangible Assets | |||||||
| Investments & Other | 5,000 | 123,000 | 123,000 | 4,472 | |||
| Debtors (Due After 1 year) | 79,058 | ||||||
| Total Fixed Assets | 2,783,000 | 8,326,000 | 1,960,000 | 943,833 | 446,654 | 101,961 | 58,620 |
| Stock & work in progress | 635,000 | ||||||
| Trade Debtors | 2,043,000 | 259,000 | 46,000 | 296,964 | |||
| Group Debtors | 13,063,000 | 15,200,000 | 534,000 | 146,414 | |||
| Misc Debtors | 294,000 | 1,349,000 | 2,620,000 | 2,557,006 | 637,287 | 243,495 | 174,025 |
| Cash | 65,000 | 197,000 | 3,971,000 | 5,236,670 | 2,485,899 | 4,671,219 | 1,448,247 |
| misc current assets | 4 | ||||||
| total current assets | 16,100,000 | 17,005,000 | 7,171,000 | 8,090,640 | 3,269,600 | 4,914,714 | 1,622,276 |
| total assets | 18,883,000 | 25,331,000 | 9,131,000 | 9,034,473 | 3,716,254 | 5,016,675 | 1,680,896 |
| Bank overdraft | |||||||
| Bank loan | 3,000,000 | 350,000 | |||||
| Trade Creditors | 93,000 | 576,000 | 1,343,000 | 2,458,393 | 12,291 | 183,837 | 29,665 |
| Group/Directors Accounts | 11,475,000 | 7,218,000 | 261,000 | 83,348 | |||
| other short term finances | 8,370,000 | ||||||
| hp & lease commitments | 1,387,000 | 68,849 | 68,916 | 16,026 | 16,026 | ||
| other current liabilities | 2,949,000 | 6,267,000 | 1,474,000 | 2,254,624 | 1,545,877 | 657,776 | 1,069,353 |
| total current liabilities | 22,887,000 | 14,061,000 | 7,465,000 | 5,131,866 | 1,710,432 | 857,639 | 1,115,044 |
| loans | 207,265 | ||||||
| hp & lease commitments | 70,909 | 149,319 | 15,684 | ||||
| Accruals and Deferred Income | |||||||
| other liabilities | 14,035,000 | 1,636,594 | |||||
| provisions | 329,000 | 1,151,000 | 838,040 | ||||
| total long term liabilities | 14,364,000 | 1,151,000 | 908,949 | 1,993,178 | 15,684 | ||
| total liabilities | 22,887,000 | 28,425,000 | 8,616,000 | 6,040,815 | 3,703,610 | 857,639 | 1,130,728 |
| net assets | -4,004,000 | -3,094,000 | 515,000 | 2,993,658 | 12,644 | 4,159,036 | 550,168 |
| total shareholders funds | -4,004,000 | -3,094,000 | 515,000 | 2,993,658 | 12,644 | 4,159,036 | 550,168 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -3,126,000 | -11,317,000 | -11,472,699 | ||||
| Depreciation | 266,000 | 1,568,000 | 133,000 | 65,432 | 48,491 | 18,620 | 15,017 |
| Amortisation | |||||||
| Tax | -24,000 | 257,000 | 547,101 | ||||
| Stock | 635,000 | ||||||
| Debtors | -1,408,000 | 13,608,000 | 266,972 | 2,149,327 | 540,206 | 69,470 | 174,025 |
| Creditors | -483,000 | -767,000 | -1,115,393 | 2,446,102 | -171,546 | 154,172 | 29,665 |
| Accruals and Deferred Income | -3,318,000 | 4,793,000 | -780,624 | 708,747 | 888,101 | -411,577 | 1,069,353 |
| Deferred Taxes & Provisions | -329,000 | -822,000 | 312,960 | 838,040 | |||
| Cash flow from operations | -11,986,000 | -12,777,029 | -9,016,604 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -118,000 | 123,000 | -4,472 | 4,472 | |||
| cash flow from investments | 4,472 | ||||||
| Financing Activities | |||||||
| Bank loans | -3,000,000 | 2,650,000 | 350,000 | ||||
| Group/Directors Accounts | 4,257,000 | 6,957,000 | 261,000 | -83,348 | 83,348 | ||
| Other Short Term Loans | 8,370,000 | ||||||
| Long term loans | -207,265 | 207,265 | |||||
| Hire Purchase and Lease Commitments | -1,387,000 | 1,247,242 | -78,477 | 202,209 | -15,684 | 31,710 | |
| other long term liabilities | -14,035,000 | 14,035,000 | -1,636,594 | 1,636,594 | |||
| share issue | |||||||
| interest | -459,000 | -317,000 | -102,613 | ||||
| cash flow from financing | 16,146,000 | 12,739,584 | 12,250,928 | ||||
| cash and cash equivalents | |||||||
| cash | -132,000 | -3,774,000 | -1,265,670 | 2,750,771 | -2,185,320 | 3,222,972 | 1,448,247 |
| overdraft | |||||||
| change in cash | -132,000 | -3,774,000 | -1,265,670 | 2,750,771 | -2,185,320 | 3,222,972 | 1,448,247 |
cssl 1 realisations limited Credit Report and Business Information
Cssl 1 Realisations Limited Competitor Analysis
Perform a competitor analysis for cssl 1 realisations limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in B 2 area or any other competitors across 12 key performance metrics.
cssl 1 realisations limited Ownership
CSSL 1 REALISATIONS LIMITED group structure
Cssl 1 Realisations Limited has 1 subsidiary company.
Ultimate parent company
1 parent
CSSL 1 REALISATIONS LIMITED
09829742
1 subsidiary
cssl 1 realisations limited directors
Cssl 1 Realisations Limited currently has 3 directors. The longest serving directors include Mr Ben Kaminski (Jun 2020) and Mr Stephen Morana (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben Kaminski | United Kingdom | 41 years | Jun 2020 | - | Director |
| Mr Stephen Morana | United Kingdom | 54 years | Jan 2021 | - | Director |
| Mr Nicholas Pike | England | 62 years | Mar 2024 | - | Director |
P&L
December 2022turnover
4m
-56%
operating profit
36m
0%
gross margin
18.8%
+49.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4m
+0.29%
total assets
18.9m
-0.25%
cash
65k
-0.67%
net assets
Total assets minus all liabilities
Similar Companies
cssl 1 realisations limited company details
company number
09829742
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
October 2015
age
10
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
cazoo subscription services limited (June 2024)
drover limited (December 2021)
accountant
-
auditor
-
address
6th floor bank house, cherry street, birmingham, B2 5AL
Bank
-
Legal Advisor
-
cssl 1 realisations 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 5 charges/mortgages relating to cssl 1 realisations limited. Currently there are 2 open charges and 3 have been satisfied in the past.
cssl 1 realisations 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 CSSL 1 REALISATIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
cssl 1 realisations limited Companies House Filings - See Documents
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