on route cars limited
on route cars limited Company Information
Group Structure
View All
Industry
Taxi operation
Registered Address
30 junction road, london, N9 7JU
Website
www.route1carsales.co.ukon route cars limited Estimated Valuation
Pomanda estimates the enterprise value of ON ROUTE CARS LIMITED at £108.9k based on a Turnover of £79.4k and 1.37x industry multiple (adjusted for size and gross margin).
on route cars limited Estimated Valuation
Pomanda estimates the enterprise value of ON ROUTE CARS LIMITED at £0 based on an EBITDA of £-9.3k and a 3.56x industry multiple (adjusted for size and gross margin).
on route cars limited Estimated Valuation
Pomanda estimates the enterprise value of ON ROUTE CARS LIMITED at £0 based on Net Assets of £-38.1k and 2.48x industry multiple (adjusted for liquidity).
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On Route Cars Limited Overview
On Route Cars Limited is a live company located in london, N9 7JU with a Companies House number of 09854199. It operates in the taxi operation sector, SIC Code 49320. Founded in November 2015, it's largest shareholder is kendal kendall with a 100% stake. On Route Cars Limited is a established, micro sized company, Pomanda has estimated its turnover at £79.4k with declining growth in recent years.
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On Route Cars Limited Health Check
Pomanda's financial health check has awarded On Route Cars Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
5 Weak
Size
annual sales of £79.4k, make it smaller than the average company (£352.4k)
- On Route Cars Limited
£352.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (10%)
- On Route Cars Limited
10% - Industry AVG
Production
with a gross margin of 51.6%, this company has a comparable cost of product (51.6%)
- On Route Cars Limited
51.6% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (9.6%)
- On Route Cars Limited
9.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - On Route Cars Limited
5 - Industry AVG
Pay Structure
on an average salary of £24.9k, the company has an equivalent pay structure (£24.9k)
- On Route Cars Limited
£24.9k - Industry AVG
Efficiency
resulting in sales per employee of £79.4k, this is equally as efficient (£76.4k)
- On Route Cars Limited
£76.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- On Route Cars Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (10 days)
- On Route Cars Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- On Route Cars Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is average cash available to meet short term requirements (28 weeks)
31 weeks - On Route Cars Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 194.1%, this is a higher level of debt than the average (58.7%)
194.1% - On Route Cars Limited
58.7% - Industry AVG
ON ROUTE CARS LIMITED financials
On Route Cars Limited's latest turnover from November 2023 is estimated at £79.4 thousand and the company has net assets of -£38.1 thousand. According to their latest financial statements, On Route Cars Limited has 1 employee and maintains cash reserves of £20.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 107,823 | 62,227 | ||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 58,640 | 2,444 | ||||||
| Gross Profit | 49,183 | 59,783 | ||||||
| Admin Expenses | 46,619 | 50,908 | ||||||
| Operating Profit | 2,564 | 8,875 | ||||||
| Interest Payable | ||||||||
| Interest Receivable | 41 | |||||||
| Pre-Tax Profit | 2,605 | 8,875 | ||||||
| Tax | -495 | -1,774 | ||||||
| Profit After Tax | 2,110 | 7,101 | ||||||
| Dividends Paid | 12,000 | |||||||
| Retained Profit | -9,890 | 7,101 | ||||||
| Employee Costs | 41,033 | 48,886 | ||||||
| Number Of Employees | 1 | 1 | 1 | 5 | 5 | 3 | ||
| EBITDA* | 2,767 | 8,875 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,030 | 11,288 | 14,110 | 17,638 | 22,047 | |||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 9,030 | 11,288 | 14,110 | 17,638 | 22,047 | |||
| Stock & work in progress | ||||||||
| Trade Debtors | 65,348 | 32,745 | 3,330 | |||||
| Group Debtors | ||||||||
| Misc Debtors | 20,000 | 20,000 | 20,000 | 3,330 | 4,520 | |||
| Cash | 20,521 | 32,598 | 39,979 | 23,806 | 6,762 | 2,412 | ||
| misc current assets | 585 | 207 | ||||||
| total current assets | 40,521 | 52,598 | 59,979 | 65,348 | 32,745 | 27,721 | 10,092 | 7,139 |
| total assets | 40,521 | 61,628 | 71,267 | 79,458 | 50,383 | 49,768 | 10,092 | 7,139 |
| Bank overdraft | 1,031 | 1,181 | 13,019 | |||||
| Bank loan | ||||||||
| Trade Creditors | 4,763 | 2,689 | 7,025 | 10,731 | 30,258 | 11,257 | 2,898 | |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 29,609 | 34,563 | 10,896 | 297 | 37 | |||
| total current liabilities | 34,372 | 38,283 | 19,102 | 10,731 | 30,258 | 24,573 | 2,898 | 37 |
| loans | 44,278 | 44,280 | 48,198 | 13,684 | ||||
| hp & lease commitments | 4,213 | 8,773 | ||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 59,315 | 13,551 | ||||||
| provisions | ||||||||
| total long term liabilities | 44,278 | 48,493 | 56,971 | 59,315 | 13,551 | 13,684 | ||
| total liabilities | 78,650 | 86,776 | 76,073 | 70,046 | 43,809 | 38,257 | 2,898 | 37 |
| net assets | -38,129 | -25,148 | -4,806 | 9,412 | 6,574 | 11,511 | 7,194 | 7,102 |
| total shareholders funds | -38,129 | -25,148 | -4,806 | 9,412 | 6,574 | 11,511 | 7,194 | 7,102 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,564 | 8,875 | ||||||
| Depreciation | 2,258 | 2,822 | 203 | |||||
| Amortisation | ||||||||
| Tax | -495 | -1,774 | ||||||
| Stock | ||||||||
| Debtors | -45,348 | 32,603 | 29,415 | -1,190 | 4,520 | |||
| Creditors | 2,074 | -4,336 | -3,706 | -19,527 | 19,001 | 8,359 | 2,898 | |
| Accruals and Deferred Income | -4,954 | 23,667 | 10,896 | -297 | 297 | -37 | 37 | |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | 10,928 | 2,618 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | -2 | -3,918 | 48,198 | -13,684 | 13,684 | |||
| Hire Purchase and Lease Commitments | -4,213 | -4,560 | 8,773 | |||||
| other long term liabilities | -59,315 | 45,764 | 13,551 | |||||
| share issue | ||||||||
| interest | 41 | |||||||
| cash flow from financing | 27,932 | 1 | ||||||
| cash and cash equivalents | ||||||||
| cash | -12,077 | -7,381 | 39,979 | -23,806 | 17,044 | 4,350 | 2,412 | |
| overdraft | -1,031 | -150 | 1,181 | -13,019 | 13,019 | |||
| change in cash | -11,046 | -7,231 | 38,798 | -10,787 | 4,025 | 4,350 | 2,412 |
on route cars limited Credit Report and Business Information
On Route Cars Limited Competitor Analysis
Perform a competitor analysis for on route cars limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in N 9 area or any other competitors across 12 key performance metrics.
on route cars limited Ownership
ON ROUTE CARS LIMITED group structure
On Route Cars Limited has no subsidiary companies.
Ultimate parent company
ON ROUTE CARS LIMITED
09854199
on route cars limited directors
On Route Cars Limited currently has 1 director, Mr Kendal Kendall serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kendal Kendall | England | 32 years | May 2017 | - | Director |
P&L
November 2023turnover
79.4k
+54%
operating profit
-9.3k
0%
gross margin
51.7%
+13.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-38.1k
+0.52%
total assets
40.5k
-0.34%
cash
20.5k
-0.37%
net assets
Total assets minus all liabilities
Similar Companies
on route cars limited company details
company number
09854199
Type
Private limited with Share Capital
industry
49320 - Taxi operation
incorporation date
November 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
30 junction road, london, N9 7JU
Bank
-
Legal Advisor
-
on route 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 on route cars limited.
on route 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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on route cars limited Companies House Filings - See Documents
| date | description | view/download |
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