Retail sale of automotive fuel in specialised stores
Registered Address
binleywood service station, a46 eastern by pass, binley woods, CV3 2ZZ
Website
-
socka forecourts ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of SOCKA FORECOURTS LTD at £1.3m based on a Turnover of £4.8m and 0.26x industry multiple (adjusted for size and gross margin).
socka forecourts ltdEstimated Valuation
£69.1k
Pomanda estimates the enterprise value of SOCKA FORECOURTS LTD at £69.1k based on an EBITDA of £21.6k and a 3.2x industry multiple (adjusted for size and gross margin).
socka forecourts ltdEstimated Valuation
£55.7k
Pomanda estimates the enterprise value of SOCKA FORECOURTS LTD at £55.7k based on Net Assets of £30.5k and 1.83x industry multiple (adjusted for liquidity).
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Socka Forecourts LtdOverview
Socka Forecourts Ltd is a live company located in binley woods, CV3 2ZZ with a Companies House number of 10012394. It operates in the retail sale of automotive fuel in specialised stores sector, SIC Code 47300. Founded in February 2016, it's largest shareholder is
pradeep sockalingam
with a 100% stake. Socka Forecourts Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£4.8m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Socka Forecourts Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
1 Regular
8 Weak
Size
annual sales of £4.8m, make it smaller than the average company (£28.3m)
£4.8m - Socka Forecourts Ltd
£28.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (12.3%)
33% - Socka Forecourts Ltd
12.3% - Industry AVG
Production
with a gross margin of 9.3%, this company has a higher cost of product (12.7%)
9.3% - Socka Forecourts Ltd
12.7% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (4%)
0.5% - Socka Forecourts Ltd
4% - Industry AVG
Employees
with 18 employees, this is below the industry average (67)
18 - Socka Forecourts Ltd
67 - Industry AVG
Pay Structure
on an average salary of £18.6k, the company has an equivalent pay structure (£18.6k)
£18.6k - Socka Forecourts Ltd
£18.6k - Industry AVG
Efficiency
resulting in sales per employee of £267.1k, this is less efficient (£402.8k)
£267.1k - Socka Forecourts Ltd
£402.8k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is later than average (4 days)
20 days - Socka Forecourts Ltd
4 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (19 days)
15 days - Socka Forecourts Ltd
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Socka Forecourts Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Socka Forecourts Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.5%, this is a higher level of debt than the average (50.6%)
91.5% - Socka Forecourts Ltd
50.6% - Industry AVG
SOCKA FORECOURTS LTD financials
EXPORT
Socka Forecourts Ltd's latest turnover from February 2024 is estimated at £4.8 million and the company has net assets of £30.5 thousand. According to their latest financial statements, Socka Forecourts Ltd has 18 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Turnover
4,807,881
4,600,743
4,622,595
2,062,459
2,584,842
2,420,142
1,068,383
896,163
Other Income Or Grants
Cost Of Sales
4,358,993
4,208,338
4,194,523
1,891,987
2,403,726
2,242,932
990,764
829,944
Gross Profit
448,889
392,405
428,072
170,472
181,116
177,210
77,619
66,219
Admin Expenses
427,317
389,196
435,354
182,915
150,241
176,430
72,260
62,482
Operating Profit
21,572
3,209
-7,282
-12,443
30,875
780
5,359
3,737
Interest Payable
610
992
389
Interest Receivable
75
15
Pre-Tax Profit
21,572
3,209
-7,207
-12,428
30,875
170
4,367
3,348
Tax
-5,393
-610
-5,866
-32
-830
-669
Profit After Tax
16,179
2,599
-7,207
-12,428
25,009
138
3,537
2,678
Dividends Paid
Retained Profit
16,179
2,599
-7,207
-12,428
25,009
138
3,537
2,678
Employee Costs
335,446
297,612
286,594
198,144
199,003
74,904
46,532
121,606
Number Of Employees
18
18
17
13
14
5
3
8
EBITDA*
21,572
3,209
-6,229
-12,443
30,875
780
5,359
3,737
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Tangible Assets
49,701
34,347
9,478
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
49,701
34,347
9,478
Stock & work in progress
75,000
80,000
50,000
Trade Debtors
264,341
282,164
320,492
83,309
120,390
117,662
8,205
8,515
Group Debtors
Misc Debtors
46,000
46,000
46,000
25,500
25,500
Cash
30,000
misc current assets
total current assets
310,341
328,164
366,492
188,309
120,390
117,662
113,705
84,015
total assets
360,042
362,511
375,970
188,309
120,390
117,662
113,705
84,015
Bank overdraft
18,068
12,455
Bank loan
Trade Creditors
185,671
165,188
125,243
119,374
89,028
111,309
45,954
36,376
Group/Directors Accounts
18,194
18,734
other short term finances
hp & lease commitments
other current liabilities
25,273
13,771
total current liabilities
185,671
165,188
125,243
119,374
89,028
111,309
107,489
81,336
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
143,866
182,997
239,000
50,000
provisions
total long term liabilities
143,866
182,997
239,000
50,000
total liabilities
329,537
348,185
364,243
169,374
89,028
111,309
107,489
81,336
net assets
30,505
14,326
11,727
18,935
31,362
6,353
6,216
2,679
total shareholders funds
30,505
14,326
11,727
18,935
31,362
6,353
6,216
2,679
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Operating Activities
Operating Profit
21,572
3,209
-7,282
-12,443
30,875
780
5,359
3,737
Depreciation
1,053
Amortisation
Tax
-5,393
-610
-5,866
-32
-830
-669
Stock
-75,000
75,000
-80,000
30,000
50,000
Debtors
-17,823
-38,328
283,183
-37,081
2,728
83,957
-310
34,015
Creditors
20,483
39,945
5,869
30,346
-22,281
65,355
9,578
36,376
Accruals and Deferred Income
-25,273
11,502
13,771
Deferred Taxes & Provisions
Cash flow from operations
54,485
80,872
-208,543
-20,016
36,873
-4,081
-30,800
Investing Activities
capital expenditure
-15,354
-24,869
-10,531
Change in Investments
cash flow from investments
-15,354
-24,869
-10,531
Financing Activities
Bank loans
Group/Directors Accounts
-18,194
-540
18,734
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-39,131
-56,003
189,000
50,000
share issue
-1
1
-1
1
interest
75
15
-610
-992
-389
cash flow from financing
-39,131
-56,003
189,074
50,016
-18,805
-1,532
18,346
cash and cash equivalents
cash
-30,000
30,000
overdraft
-18,068
5,613
12,455
change in cash
-30,000
30,000
18,068
-5,613
-12,455
socka forecourts ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for socka forecourts ltd. Get real-time insights into socka forecourts ltd's credit score, group structure and payment trends.
Perform a competitor analysis for socka forecourts ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CV3 area or any other competitors across 12 key performance metrics.
socka forecourts ltd Ownership
SOCKA FORECOURTS LTD group structure
Socka Forecourts Ltd has no subsidiary companies.
Ultimate parent company
SOCKA FORECOURTS LTD
10012394
SOCKA FORECOURTS LTD Shareholders
The sole shareholder of Socka Forecourts Ltd is Pradeep Sockalingam.
pradeep sockalingam
100%
socka forecourts ltd directors
Socka Forecourts Ltd currently has 1 director, Mr Pradeep Sockalingam serving since Feb 2016.
47300 - Retail sale of automotive fuel in specialised stores
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
binleywood service station, a46 eastern by pass, binley woods, CV3 2ZZ
Bank
-
Legal Advisor
-
socka forecourts 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 did not find charges/mortgages relating to socka forecourts ltd.
socka forecourts ltd 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 SOCKA FORECOURTS LTD. This can take several minutes, an email will notify you when this has completed.
socka forecourts ltdCompanies House Filings - See Documents
