midlands car & van ltd
midlands car & van ltd Company Information
Company Number
10433770
Website
-Registered Address
31 west street, swadlincote, DE11 9DN
Industry
Sale of used cars and light motor vehicles
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Directors
Donna Smith7 Years
Shareholders
daniel smith 100%
midlands car & van ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS CAR & VAN LTD at £227.9k based on a Turnover of £784.4k and 0.29x industry multiple (adjusted for size and gross margin).
midlands car & van ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS CAR & VAN LTD at £384.7k based on an EBITDA of £80.8k and a 4.76x industry multiple (adjusted for size and gross margin).
midlands car & van ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS CAR & VAN LTD at £8k based on Net Assets of £2.5k and 3.16x industry multiple (adjusted for liquidity).
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Midlands Car & Van Ltd Overview
Midlands Car & Van Ltd is a dissolved company that was located in swadlincote, DE11 9DN with a Companies House number of 10433770. It operated in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2016, it's largest shareholder was daniel smith with a 100% stake. The last turnover for Midlands Car & Van Ltd was estimated at £784.4k.
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Midlands Car & Van Ltd Health Check
Pomanda's financial health check has awarded Midlands Car & Van Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £784.4k, make it smaller than the average company (£2.5m)
£784.4k - Midlands Car & Van Ltd
£2.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Midlands Car & Van Ltd
- - Industry AVG
Production
with a gross margin of 19.9%, this company has a lower cost of product (11.8%)
19.9% - Midlands Car & Van Ltd
11.8% - Industry AVG
Profitability
an operating margin of 10.2% make it more profitable than the average company (2.8%)
10.2% - Midlands Car & Van Ltd
2.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (30)
1 - Midlands Car & Van Ltd
30 - Industry AVG
Pay Structure
on an average salary of £28.3k, the company has an equivalent pay structure (£28.3k)
- Midlands Car & Van Ltd
£28.3k - Industry AVG
Efficiency
resulting in sales per employee of £784.4k, this is more efficient (£458.1k)
£784.4k - Midlands Car & Van Ltd
£458.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Midlands Car & Van Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Midlands Car & Van Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midlands Car & Van Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 94 weeks, this is more cash available to meet short term requirements (8 weeks)
94 weeks - Midlands Car & Van Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.8%, this is a higher level of debt than the average (70.1%)
92.8% - Midlands Car & Van Ltd
70.1% - Industry AVG
MIDLANDS CAR & VAN LTD financials
Midlands Car & Van Ltd's latest turnover from October 2018 is £784.4 thousand and the company has net assets of £2.5 thousand. According to their latest financial statements, Midlands Car & Van Ltd has 1 employee and maintains cash reserves of £28 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2018 | Oct 2017 | |
|---|---|---|
| Turnover | 784,443 | 439,932 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 628,075 | 362,698 |
| Gross Profit | 156,368 | 77,234 |
| Admin Expenses | 76,651 | 57,016 |
| Operating Profit | 79,717 | 20,218 |
| Interest Payable | 0 | 0 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | 79,717 | 20,218 |
| Tax | -15,351 | -3,746 |
| Profit After Tax | 64,366 | 16,472 |
| Dividends Paid | 0 | 0 |
| Retained Profit | 64,366 | 16,472 |
| Employee Costs | ||
| Number Of Employees | 1 | |
| EBITDA* | 80,793 | 20,696 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2018 | Oct 2017 | |
|---|---|---|
| Tangible Assets | 6,098 | 7,174 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 6,098 | 7,174 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 1,151 | 0 |
| Cash | 27,956 | 258 |
| misc current assets | 0 | 0 |
| total current assets | 29,107 | 258 |
| total assets | 35,205 | 7,432 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 15,351 | 3,786 |
| total current liabilities | 15,351 | 3,786 |
| loans | 17,325 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 17,325 | 0 |
| total liabilities | 32,676 | 3,786 |
| net assets | 2,529 | 3,646 |
| total shareholders funds | 2,529 | 3,646 |
| Oct 2018 | Oct 2017 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 79,717 | 20,218 |
| Depreciation | 1,076 | 478 |
| Amortisation | 0 | 0 |
| Tax | -15,351 | -3,746 |
| Stock | 0 | 0 |
| Debtors | 1,151 | 0 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | 11,565 | 3,786 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | 75,856 | 20,736 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 17,325 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | 0 | 0 |
| cash flow from financing | -48,158 | -12,826 |
| cash and cash equivalents | ||
| cash | 27,698 | 258 |
| overdraft | 0 | 0 |
| change in cash | 27,698 | 258 |
midlands car & van ltd Credit Report and Business Information
Midlands Car & Van Ltd Competitor Analysis
Perform a competitor analysis for midlands car & van ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in DE11 area or any other competitors across 12 key performance metrics.
midlands car & van ltd Ownership
MIDLANDS CAR & VAN LTD group structure
Midlands Car & Van Ltd has no subsidiary companies.
Ultimate parent company
MIDLANDS CAR & VAN LTD
10433770
midlands car & van ltd directors
Midlands Car & Van Ltd currently has 1 director, Mrs Donna Smith serving since Dec 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Donna Smith | England | 37 years | Dec 2016 | - | Director |
P&L
October 2018turnover
784.4k
+78%
operating profit
79.7k
+294%
gross margin
20%
+13.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2018net assets
2.5k
-0.31%
total assets
35.2k
+3.74%
cash
28k
+107.36%
net assets
Total assets minus all liabilities
midlands car & van ltd company details
company number
10433770
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
October 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2018
address
31 west street, swadlincote, DE11 9DN
accountant
AMOS ACCOUNTANCY & BOOKKEEPING SERVICES
auditor
-
midlands car & van 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 midlands car & van ltd.
midlands car & van ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
