enkae prestige motors ltd

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enkae prestige motors ltd Company Information

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Company Number

09951828

Registered Address

537 blackmoorfoot road, huddersfield, HD4 5NT

Industry

Sale of used cars and light motor vehicles

 

Telephone

01484300794

Next Accounts Due

October 2024

Group Structure

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Directors

Khalid Ahmad8 Years

Nadeem Uddin1 Years

Shareholders

khalid ahmad 50%

nadeem uddin 50%

enkae prestige motors ltd Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of ENKAE PRESTIGE MOTORS LTD at £3.8m based on a Turnover of £13.9m and 0.27x industry multiple (adjusted for size and gross margin).

enkae prestige motors ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of ENKAE PRESTIGE MOTORS LTD at £1.1m based on an EBITDA of £246.1k and a 4.31x industry multiple (adjusted for size and gross margin).

enkae prestige motors ltd Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of ENKAE PRESTIGE MOTORS LTD at £2.6m based on Net Assets of £1.1m and 2.38x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from January 2023 

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Enkae Prestige Motors Ltd Overview

Enkae Prestige Motors Ltd is a live company located in huddersfield, HD4 5NT with a Companies House number of 09951828. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in January 2016, it's largest shareholder is khalid ahmad with a 50% stake. Enkae Prestige Motors Ltd is a young, mid sized company, Pomanda has estimated its turnover at £13.9m with rapid growth in recent years.

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Enkae Prestige Motors Ltd Health Check

Pomanda's financial health check has awarded Enkae Prestige Motors Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £13.9m, make it larger than the average company (£2.9m)

£13.9m - Enkae Prestige Motors Ltd

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (7.9%)

65% - Enkae Prestige Motors Ltd

7.9% - Industry AVG

production

Production

with a gross margin of 11.7%, this company has a comparable cost of product (11.7%)

11.7% - Enkae Prestige Motors Ltd

11.7% - Industry AVG

profitability

Profitability

an operating margin of 1.6% make it less profitable than the average company (2.9%)

1.6% - Enkae Prestige Motors Ltd

2.9% - Industry AVG

employees

Employees

with 21 employees, this is above the industry average (7)

21 - Enkae Prestige Motors Ltd

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)

£31.9k - Enkae Prestige Motors Ltd

£31.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £661.3k, this is more efficient (£451k)

£661.3k - Enkae Prestige Motors Ltd

£451k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (10 days)

0 days - Enkae Prestige Motors Ltd

10 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is slower than average (16 days)

21 days - Enkae Prestige Motors Ltd

16 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 144 days, this is more than average (65 days)

144 days - Enkae Prestige Motors Ltd

65 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (10 weeks)

16 weeks - Enkae Prestige Motors Ltd

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.5%, this is a higher level of debt than the average (67.8%)

82.5% - Enkae Prestige Motors Ltd

67.8% - Industry AVG

enkae prestige motors ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Enkae Prestige Motors Ltd Competitor Analysis

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Perform a competitor analysis for enkae prestige motors ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

enkae prestige motors ltd Ownership

ENKAE PRESTIGE MOTORS LTD group structure

Enkae Prestige Motors Ltd has no subsidiary companies.

Ultimate parent company

ENKAE PRESTIGE MOTORS LTD

09951828

ENKAE PRESTIGE MOTORS LTD Shareholders

khalid ahmad 50%
nadeem uddin 50%

enkae prestige motors ltd directors

Enkae Prestige Motors Ltd currently has 2 directors. The longest serving directors include Mr Khalid Ahmad (Jan 2016) and Mr Nadeem Uddin (Oct 2022).

officercountryagestartendrole
Mr Khalid AhmadUnited Kingdom44 years Jan 2016- Director
Mr Nadeem UddinUnited Kingdom42 years Oct 2022- Director

ENKAE PRESTIGE MOTORS LTD financials

EXPORTms excel logo

Enkae Prestige Motors Ltd's latest turnover from January 2023 is estimated at £13.9 million and the company has net assets of £1.1 million. According to their latest financial statements, Enkae Prestige Motors Ltd has 21 employees and maintains cash reserves of £321.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017
Turnover13,886,94212,461,8776,062,2793,097,7734,732,5562,956,0853,043,478
Other Income Or Grants0000000
Cost Of Sales12,260,05811,022,5035,364,1062,735,2564,186,8052,619,3292,688,203
Gross Profit1,626,8841,439,374698,173362,516545,751336,757355,275
Admin Expenses1,405,093841,347250,157280,106505,386311,906315,359
Operating Profit221,791598,027448,01682,41040,36524,85139,916
Interest Payable79,44720,18912,6584,978000
Interest Receivable9,9984931024925321760
Pre-Tax Profit152,342578,331435,46077,92340,89625,02739,916
Tax-28,945-109,883-82,737-14,805-7,770-4,755-7,983
Profit After Tax123,397468,448352,72363,11833,12620,27231,933
Dividends Paid0000000
Retained Profit123,397468,448352,72363,11833,12620,27231,933
Employee Costs669,817664,840630,359173,893317,013197,940195,167
Number Of Employees21222261177
EBITDA*246,094621,890449,56782,84440,81125,40939,916

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017
Tangible Assets1,047,23485,7046,2021,7411,7852,2310
Intangible Assets10,80014,40000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets1,058,034100,1046,2021,7411,7852,2310
Stock & work in progress4,844,5753,275,9701,618,218674,987820,285503,097523,971
Trade Debtors16,61250079,83226,055000
Group Debtors0000000
Misc Debtors0000000
Cash321,218250,075144,62259,89171,31970,4600
misc current assets0000000
total current assets5,182,4053,526,5451,842,672760,933891,604573,557523,971
total assets6,240,4393,626,6491,848,874762,674893,389575,788523,971
Bank overdraft0000000
Bank loan0000000
Trade Creditors 709,207939,324238,626214,413000
Group/Directors Accounts0000265,145486,321107,073
other short term finances0000000
hp & lease commitments0000000
other current liabilities320,026537,015512,367252,31167,61237,26118,264
total current liabilities1,029,2331,476,339750,993466,724332,757523,582125,337
loans1,294,009378,554267,500147,500000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities2,824,080802,135329,2080475,3000366,700
provisions0000000
total long term liabilities4,118,0891,180,689596,708147,500475,3000366,700
total liabilities5,147,3222,657,0281,347,701614,224808,057523,582492,037
net assets1,093,117969,621501,173148,45085,33252,20631,934
total shareholders funds1,093,117969,621501,173148,45085,33252,20631,934
Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017
Operating Activities
Operating Profit221,791598,027448,01682,41040,36524,85139,916
Depreciation20,70320,2631,5514344465580
Amortisation3,6003,60000000
Tax-28,945-109,883-82,737-14,805-7,770-4,755-7,983
Stock1,568,6051,657,752943,231-145,298317,188-20,874523,971
Debtors16,112-79,33253,77726,055000
Creditors-230,117700,69824,213214,413000
Accruals and Deferred Income-216,98924,648260,056184,69930,35118,99718,264
Deferred Taxes & Provisions0000000
Cash flow from operations-1,814,674-341,067-345,909586,394-253,79660,525-473,774
Investing Activities
capital expenditure-982,233-117,765-6,012-3900-2,7890
Change in Investments0000000
cash flow from investments-982,233-117,765-6,012-3900-2,7890
Financing Activities
Bank loans0000000
Group/Directors Accounts000-265,145-221,176379,248107,073
Other Short Term Loans 0000000
Long term loans915,455111,054120,000147,500000
Hire Purchase and Lease Commitments0000000
other long term liabilities2,021,945472,927329,208-475,300475,300-366,700366,700
share issue99000001
interest-69,449-19,696-12,556-4,4865321760
cash flow from financing2,868,050564,285436,652-597,431254,65612,724473,774
cash and cash equivalents
cash71,143105,45384,731-11,42885970,4600
overdraft0000000
change in cash71,143105,45384,731-11,42885970,4600

P&L

January 2023

turnover

13.9m

+11%

operating profit

221.8k

0%

gross margin

11.8%

+1.43%

turnover

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

Balance Sheet

January 2023

net assets

1.1m

+0.13%

total assets

6.2m

+0.72%

cash

321.2k

+0.28%

net assets

Total assets minus all liabilities

enkae prestige motors ltd company details

company number

09951828

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

January 2016

age

8

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

537 blackmoorfoot road, huddersfield, HD4 5NT

last accounts submitted

January 2023

enkae prestige motors ltd 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 2 charges/mortgages relating to enkae prestige motors ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

enkae prestige motors ltd Companies House Filings - See Documents

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