friends autos limited
friends autos limited Company Information
Company Number
10032159
Next Accounts
Nov 2025
Directors
Shareholders
mubashar faiz-e-rasool
nbila riaz ahmad begum
Group Structure
View All
Industry
Sale of used cars and light motor vehicles
Registered Address
19 glendale drive, birmingham, B33 8RG
Website
www.friendsautos.co.ukfriends autos limited Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS AUTOS LIMITED at £298.7k based on a Turnover of £1m and 0.3x industry multiple (adjusted for size and gross margin).
friends autos limited Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS AUTOS LIMITED at £87.2k based on an EBITDA of £22.7k and a 3.84x industry multiple (adjusted for size and gross margin).
friends autos limited Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS AUTOS LIMITED at £42.4k based on Net Assets of £14.2k and 2.98x industry multiple (adjusted for liquidity).
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Friends Autos Limited Overview
Friends Autos Limited is a live company located in birmingham, B33 8RG with a Companies House number of 10032159. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in February 2016, it's largest shareholder is mubashar faiz-e-rasool with a 50% stake. Friends Autos Limited is a young, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.
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Friends Autos Limited Health Check
Pomanda's financial health check has awarded Friends Autos Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £1m, make it smaller than the average company (£1.8m)
- Friends Autos Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (12.6%)
- Friends Autos Limited
12.6% - Industry AVG
Production
with a gross margin of 11.1%, this company has a comparable cost of product (11.1%)
- Friends Autos Limited
11.1% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (2.8%)
- Friends Autos Limited
2.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Friends Autos Limited
6 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)
- Friends Autos Limited
£32.7k - Industry AVG
Efficiency
resulting in sales per employee of £333.8k, this is less efficient (£415.4k)
- Friends Autos Limited
£415.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Friends Autos Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Friends Autos Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is in line with average (61 days)
- Friends Autos Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is more cash available to meet short term requirements (9 weeks)
11 weeks - Friends Autos Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.1%, this is a higher level of debt than the average (68.6%)
93.1% - Friends Autos Limited
68.6% - Industry AVG
FRIENDS AUTOS LIMITED financials
Friends Autos Limited's latest turnover from February 2024 is estimated at £1 million and the company has net assets of £14.2 thousand. According to their latest financial statements, Friends Autos Limited has 3 employees and maintains cash reserves of £40.4 thousand 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 | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 3 | 2 | 1 | 2 | 2 | 4 | 4 | 3 |
| EBITDA* |
* 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 | 4,395 | 7,124 | 10,687 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,395 | 7,124 | 10,687 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 161,500 | 178,000 | 0 | 0 | 0 | 88,850 | 77,500 | 39,900 |
| Trade Debtors | 0 | 0 | 177,310 | 193,633 | 119,694 | 0 | 0 | 3,350 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 7,800 | 0 | 0 | 1,400 | 3,500 | 4,450 | 4,450 |
| Cash | 40,360 | 9,485 | 0 | 0 | 0 | 7,614 | 16,517 | 9,604 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 201,860 | 195,285 | 177,310 | 193,633 | 121,094 | 99,964 | 98,467 | 57,304 |
| total assets | 206,255 | 202,409 | 187,997 | 193,633 | 121,094 | 99,964 | 98,467 | 57,304 |
| Bank overdraft | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 143,952 | 118,578 | 101,114 | 0 | 0 | 0 |
| Group/Directors Accounts | 151,415 | 157,757 | 0 | 0 | 0 | 82,500 | 86,000 | 48,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 17,674 | 9,748 | 0 | 0 | 0 | 2,914 | 781 | 2,911 |
| total current liabilities | 179,089 | 177,505 | 143,952 | 118,578 | 101,114 | 85,414 | 86,781 | 50,911 |
| loans | 12,921 | 23,618 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 475 | 772 | 272 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 34,565 | 50,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 12,921 | 23,618 | 35,040 | 50,772 | 272 | 0 | 0 | 0 |
| total liabilities | 192,010 | 201,123 | 178,992 | 169,350 | 101,386 | 85,414 | 86,781 | 50,911 |
| net assets | 14,245 | 1,286 | 9,005 | 24,283 | 19,708 | 14,550 | 11,686 | 6,393 |
| total shareholders funds | 14,245 | 1,286 | 9,005 | 24,283 | 19,708 | 14,550 | 11,686 | 6,393 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 3,562 | 3,563 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||
| Stock | -16,500 | 178,000 | 0 | 0 | -88,850 | 11,350 | 37,600 | 39,900 |
| Debtors | -7,800 | -169,510 | -16,323 | 72,539 | 117,594 | -950 | -3,350 | 7,800 |
| Creditors | 0 | -143,952 | 25,374 | 17,464 | 101,114 | 0 | 0 | 0 |
| Accruals and Deferred Income | 7,926 | 9,273 | -297 | 500 | -2,642 | 2,133 | -2,130 | 2,911 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -6,342 | 157,757 | 0 | 0 | -82,500 | -3,500 | 38,000 | 48,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,697 | 23,618 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -34,565 | -15,435 | 50,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 30,875 | 9,485 | 0 | 0 | -7,614 | -8,903 | 6,913 | 9,604 |
| overdraft | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 30,875 | -515 | 0 | 0 | -7,614 | -8,903 | 6,913 | 9,604 |
friends autos limited Credit Report and Business Information
Friends Autos Limited Competitor Analysis
Perform a competitor analysis for friends autos limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in B33 area or any other competitors across 12 key performance metrics.
friends autos limited Ownership
FRIENDS AUTOS LIMITED group structure
Friends Autos Limited has no subsidiary companies.
Ultimate parent company
FRIENDS AUTOS LIMITED
10032159
friends autos limited directors
Friends Autos Limited currently has 1 director, Mr Mubashar Faiz-E-Rasool serving since Feb 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mubashar Faiz-E-Rasool | England | 48 years | Feb 2016 | - | Director |
P&L
February 2024turnover
1m
+13%
operating profit
19.2k
0%
gross margin
11.2%
-5.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
14.2k
+10.08%
total assets
206.3k
+0.02%
cash
40.4k
+3.26%
net assets
Total assets minus all liabilities
friends autos limited company details
company number
10032159
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
19 glendale drive, birmingham, B33 8RG
Bank
-
Legal Advisor
-
friends autos 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 friends autos limited.
friends autos 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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friends autos limited Companies House Filings - See Documents
| date | description | view/download |
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