vehicle replacement group limited
vehicle replacement group limited Company Information
Company Number
09957616
Next Accounts
11 days late
Shareholders
davies group limited
Group Structure
View All
Industry
Renting and leasing of cars and light motor vehicles
Registered Address
5th floor 20 gracechurch street, london, EC3V 0BG
vehicle replacement group limited Estimated Valuation
Pomanda estimates the enterprise value of VEHICLE REPLACEMENT GROUP LIMITED at £31.5m based on a Turnover of £33.3m and 0.95x industry multiple (adjusted for size and gross margin).
vehicle replacement group limited Estimated Valuation
Pomanda estimates the enterprise value of VEHICLE REPLACEMENT GROUP LIMITED at £14.1m based on an EBITDA of £3.2m and a 4.36x industry multiple (adjusted for size and gross margin).
vehicle replacement group limited Estimated Valuation
Pomanda estimates the enterprise value of VEHICLE REPLACEMENT GROUP LIMITED at £18.4m based on Net Assets of £8.2m and 2.24x industry multiple (adjusted for liquidity).
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Vehicle Replacement Group Limited Overview
Vehicle Replacement Group Limited is a live company located in london, EC3V 0BG with a Companies House number of 09957616. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in January 2016, it's largest shareholder is davies group limited with a 100% stake. Vehicle Replacement Group Limited is a young, large sized company, Pomanda has estimated its turnover at £33.3m with high growth in recent years.
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Vehicle Replacement Group Limited Health Check
Pomanda's financial health check has awarded Vehicle Replacement Group 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
1 Regular
4 Weak
Size
annual sales of £33.3m, make it larger than the average company (£11.4m)
£33.3m - Vehicle Replacement Group Limited
£11.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (5.1%)
28% - Vehicle Replacement Group Limited
5.1% - Industry AVG
Production
with a gross margin of 18.1%, this company has a higher cost of product (32.3%)
18.1% - Vehicle Replacement Group Limited
32.3% - Industry AVG
Profitability
an operating margin of 9.3% make it less profitable than the average company (12%)
9.3% - Vehicle Replacement Group Limited
12% - Industry AVG
Employees
with 94 employees, this is above the industry average (35)
94 - Vehicle Replacement Group Limited
35 - Industry AVG
Pay Structure
on an average salary of £29.5k, the company has a lower pay structure (£41.3k)
£29.5k - Vehicle Replacement Group Limited
£41.3k - Industry AVG
Efficiency
resulting in sales per employee of £354k, this is equally as efficient (£326.2k)
£354k - Vehicle Replacement Group Limited
£326.2k - Industry AVG
Debtor Days
it gets paid by customers after 161 days, this is later than average (39 days)
161 days - Vehicle Replacement Group Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 109 days, this is slower than average (24 days)
109 days - Vehicle Replacement Group Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vehicle Replacement Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (4 weeks)
1 weeks - Vehicle Replacement Group Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.6%, this is a lower level of debt than the average (78.7%)
61.6% - Vehicle Replacement Group Limited
78.7% - Industry AVG
VEHICLE REPLACEMENT GROUP LIMITED financials
Vehicle Replacement Group Limited's latest turnover from June 2023 is £33.3 million and the company has net assets of £8.2 million. According to their latest financial statements, Vehicle Replacement Group Limited has 94 employees and maintains cash reserves of £394.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 33,274,240 | 26,408,775 | 13,780,802 | 15,740,600 | ||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 27,258,255 | 20,789,904 | 10,540,823 | 11,716,046 | ||||
| Gross Profit | 6,015,985 | 5,618,871 | 3,239,979 | 4,024,554 | ||||
| Admin Expenses | 2,926,268 | 2,752,509 | 2,265,253 | 2,091,224 | ||||
| Operating Profit | 3,089,717 | 2,866,362 | 974,726 | 1,933,330 | ||||
| Interest Payable | 1,507 | 2,394 | ||||||
| Interest Receivable | 108 | 18 | ||||||
| Pre-Tax Profit | 3,089,825 | 2,866,380 | 973,219 | 1,930,936 | ||||
| Tax | 26,854 | 5,347 | -71,374 | -233,988 | ||||
| Profit After Tax | 3,116,679 | 2,871,727 | 901,845 | 1,696,948 | ||||
| Dividends Paid | 611,937 | |||||||
| Retained Profit | 3,116,679 | 2,871,727 | 901,845 | 1,085,011 | ||||
| Employee Costs | 2,769,823 | 2,275,540 | 1,637,317 | 1,463,070 | ||||
| Number Of Employees | 94 | 85 | 64 | 61 | 42 | 19 | 8 | 6 |
| EBITDA* | 3,227,034 | 3,013,514 | 1,091,321 | 2,031,324 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 99,319 | 210,579 | 200,002 | 293,927 | 121,324 | 36,667 | 6,386 | 1,554 |
| Intangible Assets | 285,185 | 263,288 | 252,407 | 179,483 | 48,330 | |||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 384,504 | 473,867 | 452,409 | 473,410 | 169,654 | 36,667 | 6,386 | 1,554 |
| Stock & work in progress | ||||||||
| Trade Debtors | 14,683,148 | 9,496,874 | 4,767,180 | 5,740,293 | 4,291,023 | 2,355,503 | 493,708 | 409,094 |
| Group Debtors | 4,064,668 | 2,859,432 | 1,661,418 | 181,011 | ||||
| Misc Debtors | 1,749,565 | 874,118 | 950,375 | 117,957 | 63,519 | 12,325 | 101 | 9,350 |
| Cash | 394,225 | 162,798 | 173,500 | 429,569 | 220,291 | 153,544 | 9,589 | 14,400 |
| misc current assets | 46,961 | 9,995 | ||||||
| total current assets | 20,938,567 | 13,403,217 | 7,552,473 | 6,468,830 | 4,574,833 | 2,521,372 | 503,398 | 432,844 |
| total assets | 21,323,071 | 13,877,084 | 8,004,882 | 6,942,240 | 4,744,487 | 2,558,039 | 509,784 | 434,398 |
| Bank overdraft | 13 | |||||||
| Bank loan | ||||||||
| Trade Creditors | 8,191,007 | 5,280,148 | 3,949,801 | 4,611,801 | 3,574,161 | 863,322 | 39,717 | 14,738 |
| Group/Directors Accounts | 3,696,574 | 2,294,018 | 660,518 | 140,482 | 606,556 | |||
| other short term finances | ||||||||
| hp & lease commitments | 15,023 | |||||||
| other current liabilities | 1,239,584 | 1,223,691 | 1,183,503 | 907,616 | 786,135 | 629,864 | 430,684 | 410,201 |
| total current liabilities | 13,127,165 | 8,797,857 | 5,793,822 | 5,534,440 | 4,500,791 | 2,099,742 | 470,401 | 424,939 |
| loans | ||||||||
| hp & lease commitments | 84,365 | |||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 3,560 | 17,780 | 23,052 | 6,967 | ||||
| total long term liabilities | 3,560 | 102,145 | 23,052 | 6,967 | ||||
| total liabilities | 13,127,165 | 8,797,857 | 5,797,382 | 5,636,585 | 4,523,843 | 2,106,709 | 470,401 | 424,939 |
| net assets | 8,195,906 | 5,079,227 | 2,207,500 | 1,305,655 | 220,644 | 451,330 | 39,383 | 9,459 |
| total shareholders funds | 8,195,906 | 5,079,227 | 2,207,500 | 1,305,655 | 220,644 | 451,330 | 39,383 | 9,459 |
| Jun 2023 | Jun 2022 | Jun 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 3,089,717 | 2,866,362 | 974,726 | 1,933,330 | ||||
| Depreciation | 43,515 | 73,250 | 70,175 | 72,202 | 44,153 | 12,278 | 802 | 141 |
| Amortisation | 93,802 | 73,902 | 46,420 | 25,792 | 4,261 | |||
| Tax | 26,854 | 5,347 | -71,374 | -233,988 | ||||
| Stock | ||||||||
| Debtors | 7,266,957 | 5,851,451 | 1,339,712 | 1,684,719 | 1,986,714 | 1,874,019 | 493,809 | 418,444 |
| Creditors | 2,910,859 | 1,330,347 | -662,000 | 1,037,640 | 2,710,839 | 823,605 | 39,717 | 14,738 |
| Accruals and Deferred Income | 15,893 | 40,188 | 275,887 | 121,481 | 156,271 | 199,180 | 430,684 | 410,201 |
| Deferred Taxes & Provisions | -3,560 | -14,220 | -5,272 | 16,085 | 6,967 | |||
| Cash flow from operations | -1,086,317 | -1,465,615 | -720,098 | 1,266,466 | ||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 1,402,556 | 1,633,500 | 660,518 | -140,482 | -466,074 | 606,556 | ||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | -99,388 | 99,388 | ||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | 108 | 18 | -1,507 | -2,394 | ||||
| cash flow from financing | 1,402,664 | 1,633,518 | 559,623 | -43,488 | ||||
| cash and cash equivalents | ||||||||
| cash | 231,427 | -10,702 | -256,069 | 209,278 | 66,747 | 143,955 | 9,589 | 14,400 |
| overdraft | -13 | 13 | ||||||
| change in cash | 231,427 | -10,702 | -256,069 | 209,291 | 66,734 | 143,955 | 9,589 | 14,400 |
vehicle replacement group limited Credit Report and Business Information
Vehicle Replacement Group Limited Competitor Analysis
Perform a competitor analysis for vehicle replacement group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC3V area or any other competitors across 12 key performance metrics.
vehicle replacement group limited Ownership
VEHICLE REPLACEMENT GROUP LIMITED group structure
Vehicle Replacement Group Limited has no subsidiary companies.
Ultimate parent company
DAVIES BIDCO LTD
#0127498
2 parents
VEHICLE REPLACEMENT GROUP LIMITED
09957616
vehicle replacement group limited directors
Vehicle Replacement Group Limited currently has 3 directors. The longest serving directors include Ms Allison Carr (Dec 2024) and Ms Amber Wilkinson (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Allison Carr | United Kingdom | 54 years | Dec 2024 | - | Director |
| Ms Amber Wilkinson | United Kingdom | 45 years | Jan 2025 | - | Director |
| Mr Matthew Button | United Kingdom | 37 years | Jan 2025 | - | Director |
P&L
June 2023turnover
33.3m
+26%
operating profit
3.1m
+8%
gross margin
18.1%
-15.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
8.2m
+0.61%
total assets
21.3m
+0.54%
cash
394.2k
+1.42%
net assets
Total assets minus all liabilities
Similar Companies
vehicle replacement group limited company details
company number
09957616
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
5th floor 20 gracechurch street, london, EC3V 0BG
Bank
-
Legal Advisor
-
vehicle replacement group 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 4 charges/mortgages relating to vehicle replacement group limited. Currently there are 2 open charges and 2 have been satisfied in the past.
vehicle replacement group 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 VEHICLE REPLACEMENT GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
vehicle replacement group limited Companies House Filings - See Documents
| date | description | view/download |
|---|
