ct automotive group plc
ct automotive group plc Company Information
Company Number
10451211
Next Accounts
Jun 2025
Shareholders
undisclosed
simon brian
View AllGroup Structure
View All
Industry
Manufacture of other parts and accessories for motor vehicles
Registered Address
1000 lakeside north harbour, western road, portsmouth, PO6 3EN
Website
ct-automotive.netct automotive group plc Estimated Valuation
Pomanda estimates the enterprise value of CT AUTOMOTIVE GROUP PLC at £73.2m based on a Turnover of £112.5m and 0.65x industry multiple (adjusted for size and gross margin).
ct automotive group plc Estimated Valuation
Pomanda estimates the enterprise value of CT AUTOMOTIVE GROUP PLC at £54.6m based on an EBITDA of £8.4m and a 6.51x industry multiple (adjusted for size and gross margin).
ct automotive group plc Estimated Valuation
Pomanda estimates the enterprise value of CT AUTOMOTIVE GROUP PLC at £23.8m based on Net Assets of £13.3m and 1.79x industry multiple (adjusted for liquidity).
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Ct Automotive Group Plc Overview
Ct Automotive Group Plc is a live company located in portsmouth, PO6 3EN with a Companies House number of 10451211. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in October 2016, it's largest shareholder is undisclosed with a 54.4% stake. Ct Automotive Group Plc is a young, mega sized company, Pomanda has estimated its turnover at £112.5m with healthy growth in recent years.
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Ct Automotive Group Plc Health Check
Pomanda's financial health check has awarded Ct Automotive Group Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £112.5m, make it larger than the average company (£23.5m)
£112.5m - Ct Automotive Group Plc
£23.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.6%)
8% - Ct Automotive Group Plc
3.6% - Industry AVG
Production
with a gross margin of 21.6%, this company has a comparable cost of product (21.3%)
21.6% - Ct Automotive Group Plc
21.3% - Industry AVG
Profitability
an operating margin of 5.9% make it more profitable than the average company (3.4%)
5.9% - Ct Automotive Group Plc
3.4% - Industry AVG
Employees
with 2216 employees, this is above the industry average (119)
2216 - Ct Automotive Group Plc
119 - Industry AVG
Pay Structure
on an average salary of £10.9k, the company has a lower pay structure (£41.8k)
£10.9k - Ct Automotive Group Plc
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £50.8k, this is less efficient (£194.4k)
£50.8k - Ct Automotive Group Plc
£194.4k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (49 days)
43 days - Ct Automotive Group Plc
49 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (39 days)
65 days - Ct Automotive Group Plc
39 days - Industry AVG
Stock Days
it holds stock equivalent to 84 days, this is more than average (63 days)
84 days - Ct Automotive Group Plc
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (7 weeks)
7 weeks - Ct Automotive Group Plc
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.9%, this is a higher level of debt than the average (58.2%)
79.9% - Ct Automotive Group Plc
58.2% - Industry AVG
CT AUTOMOTIVE GROUP PLC financials
Ct Automotive Group Plc's latest turnover from December 2023 is £112.5 million and the company has net assets of £13.3 million. According to their latest financial statements, Ct Automotive Group Plc has 2,216 employees and maintains cash reserves of £7.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 112,498,230 | 97,780,313 | 100,364,436 | 89,283,451 | 81,047,319 | 87,193,114 | 120,061,830 | 68,775,960 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 88,219,372 | 86,086,238 | 80,536,444 | 71,966,041 | 59,819,601 | 59,090,431 | 82,527,617 | 49,404,336 |
| Gross Profit | 24,278,858 | 11,694,075 | 19,827,992 | 17,317,410 | 21,227,719 | 28,102,684 | 37,534,213 | 19,371,624 |
| Admin Expenses | 17,612,716 | 24,939,806 | 25,631,479 | 21,506,215 | 17,409,980 | 18,806,285 | 21,560,594 | 10,213,009 |
| Operating Profit | 6,666,142 | -13,245,731 | -5,803,487 | -4,188,805 | 3,817,739 | 9,296,399 | 15,973,619 | 9,158,615 |
| Interest Payable | 1,994,649 | 1,571,327 | 3,454,288 | 3,232,594 | 3,560,742 | 3,000,075 | 3,176,422 | 1,195,131 |
| Interest Receivable | 7,868 | 6,283 | 72,915 | |||||
| Pre-Tax Profit | 4,671,493 | -14,809,190 | -9,706,252 | -7,887,724 | 256,998 | 6,369,240 | 12,797,197 | 7,963,484 |
| Tax | 484,696 | -2,403,021 | 904,807 | 879,032 | -211,898 | -404,420 | -1,442,704 | -1,027,767 |
| Profit After Tax | 5,156,189 | -17,212,212 | -8,801,445 | -7,008,693 | 45,100 | 5,964,820 | 11,354,493 | 6,935,717 |
| Dividends Paid | ||||||||
| Retained Profit | 4,968,920 | -19,406,720 | -8,801,445 | -7,008,693 | 45,100 | 5,964,820 | 11,354,493 | 6,935,717 |
| Employee Costs | 24,225,352 | 25,221,497 | 24,860,980 | 21,106,507 | 20,371,537 | 17,837,330 | 22,679,308 | 14,900,723 |
| Number Of Employees | 2,216 | 2,834 | 2,721 | 2,698 | 2,849 | 2,668 | 2,361 | 2,018 |
| EBITDA* | 8,390,904 | -11,506,806 | -4,125,040 | -2,349,501 | 7,080,678 | 10,653,236 | 17,318,219 | 10,336,249 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,050,201 | 5,745,535 | 12,855,796 | 15,591,843 | 13,250,770 | 8,092,911 | 8,500,412 | 5,724,610 |
| Intangible Assets | 7,449,839 | 9,879,613 | 2,306,786 | 2,406,369 | 2,260,720 | 2,189,732 | 2,262,160 | 1,885,127 |
| Investments & Other | 1,172,312 | |||||||
| Debtors (Due After 1 year) | 1,236,131 | 1,370,562 | 250,223 | |||||
| Total Fixed Assets | 14,263,907 | 15,625,147 | 15,162,582 | 17,747,989 | 15,511,489 | 10,282,643 | 10,762,572 | 7,609,737 |
| Stock & work in progress | 20,455,582 | 21,513,887 | 24,743,952 | 32,677,715 | 26,052,688 | 20,305,194 | 18,981,863 | 12,569,798 |
| Trade Debtors | 13,331,497 | 12,720,906 | 20,769,714 | 22,403,120 | 14,918,033 | 15,419,078 | 19,217,642 | 19,897,299 |
| Group Debtors | 1,713,959 | |||||||
| Misc Debtors | 10,728,617 | 8,429,459 | 12,832,233 | 13,851,653 | 17,470,828 | 13,834,473 | 10,939,818 | 6,348,421 |
| Cash | 7,427,807 | 3,799,669 | 10,560,006 | 1,751,563 | 2,319,421 | 4,248,665 | 2,802,967 | 1,478,889 |
| misc current assets | ||||||||
| total current assets | 52,148,871 | 46,642,537 | 70,080,899 | 71,835,243 | 61,158,995 | 53,807,412 | 51,942,292 | 42,008,368 |
| total assets | 66,412,778 | 62,267,684 | 85,243,481 | 89,583,232 | 76,670,484 | 64,090,055 | 62,704,864 | 49,618,105 |
| Bank overdraft | 2,439,689 | 160,115 | 91,509 | 1 | ||||
| Bank loan | 17,740,339 | 21,165,437 | 9,804,555 | 4,552,349 | 3,944,465 | |||
| Trade Creditors | 15,884,019 | 17,147,691 | 19,586,868 | 25,261,191 | 16,537,333 | 9,122,754 | 17,664,468 | 14,127,805 |
| Group/Directors Accounts | ||||||||
| other short term finances | 10,425,682 | 13,949,956 | 30,157,608 | 8,896,489 | 8,218,466 | 689,235 | ||
| hp & lease commitments | 2,747,659 | 2,377,842 | 2,233,741 | 2,179,705 | 1,950,748 | 366,082 | 699,093 | |
| other current liabilities | 19,710,440 | 19,593,987 | 20,233,269 | 17,569,257 | 26,775,715 | 20,675,786 | 7,898,597 | 18,895,396 |
| total current liabilities | 48,767,802 | 53,069,478 | 59,794,219 | 75,167,763 | 68,868,924 | 49,025,784 | 39,124,485 | 37,656,904 |
| loans | 8,589,188 | 14,155,322 | 8,080,426 | 46,236,086 | 19,152,408 | 33,720,212 | 54,380,872 | |
| hp & lease commitments | 4,294,594 | 7,002,911 | 4,040,213 | 4,462,588 | 4,755,530 | |||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 185,694 | 442,407 | 141,320 | 158,284 | 18,256 | |||
| total long term liabilities | 4,294,594 | 7,170,509 | 4,040,213 | 23,118,043 | 9,797,408 | 16,930,767 | 27,269,579 | 9,128 |
| total liabilities | 53,062,396 | 60,239,987 | 63,834,432 | 98,285,806 | 78,666,332 | 65,956,551 | 66,394,064 | 37,666,032 |
| net assets | 13,301,598 | 2,027,696 | 21,409,048 | -8,702,575 | -1,995,848 | -1,866,496 | -3,689,200 | 11,952,073 |
| total shareholders funds | 13,301,597 | 2,027,697 | 21,409,048 | -8,702,575 | -1,995,848 | -1,866,496 | -3,689,200 | 11,952,073 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 6,666,142 | -13,245,731 | -5,803,487 | -4,188,805 | 3,817,739 | 9,296,399 | 15,973,619 | 9,158,615 |
| Depreciation | 1,493,430 | 1,265,245 | 1,332,862 | 1,603,705 | 1,430,310 | 1,163,647 | 1,223,413 | 1,128,186 |
| Amortisation | 231,332 | 473,680 | 345,585 | 235,599 | 1,832,629 | 193,189 | 121,187 | 49,448 |
| Tax | 484,696 | -2,403,021 | 904,807 | 879,032 | -211,898 | -404,420 | -1,442,704 | -1,027,767 |
| Stock | -1,058,305 | -3,230,065 | -7,933,763 | 6,625,027 | 5,747,494 | 1,323,331 | 6,412,065 | 12,569,798 |
| Debtors | 4,145,880 | -13,822,144 | -1,532,486 | 4,116,134 | 3,135,310 | -903,909 | 2,197,780 | 27,959,680 |
| Creditors | -1,263,671 | -2,439,177 | -5,674,323 | 8,723,858 | 7,414,578 | -8,541,714 | 3,536,663 | 14,127,805 |
| Accruals and Deferred Income | 116,453 | -639,282 | 2,664,012 | -9,206,458 | 6,099,929 | 12,777,189 | -10,996,799 | 18,895,396 |
| Deferred Taxes & Provisions | -185,694 | 185,694 | -442,407 | 301,087 | -16,964 | 140,028 | 18,256 | |
| Cash flow from operations | 4,455,113 | 249,617 | 3,235,705 | -13,136,637 | 11,801,570 | 14,047,904 | -54,438 | 1,820,461 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -1,172,312 | 1,172,312 | ||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -17,740,339 | 17,740,339 | -21,165,437 | 11,360,882 | 5,252,206 | 607,884 | 3,944,465 | |
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | -3,524,274 | 13,949,956 | -30,157,608 | 30,157,608 | -8,896,489 | 678,023 | 7,529,231 | 689,235 |
| Long term loans | -5,566,134 | 6,074,896 | -38,155,660 | 27,083,678 | -14,567,804 | -20,660,660 | 54,380,872 | |
| Hire Purchase and Lease Commitments | -2,338,500 | 3,106,799 | -368,339 | -63,985 | 6,340,196 | -333,011 | 699,093 | |
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -1,994,649 | -1,563,459 | -3,448,005 | -3,232,594 | -3,560,742 | -2,927,160 | -3,176,422 | -1,195,131 |
| cash flow from financing | -7,118,577 | 3,853,222 | -15,476,205 | 33,081,236 | -9,498,409 | -22,132,718 | 33,044,892 | 8,454,925 |
| cash and cash equivalents | ||||||||
| cash | 3,628,138 | -6,760,337 | 8,808,443 | -567,858 | -1,929,244 | 1,445,698 | 1,324,078 | 1,478,889 |
| overdraft | -2,439,689 | 2,279,574 | 68,606 | 91,508 | 1 | |||
| change in cash | 3,628,138 | -6,760,337 | 8,808,443 | 1,871,831 | -4,208,818 | 1,377,092 | 1,232,570 | 1,478,888 |
ct automotive group plc Credit Report and Business Information
Ct Automotive Group Plc Competitor Analysis
Perform a competitor analysis for ct automotive group plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in PO6 area or any other competitors across 12 key performance metrics.
ct automotive group plc Ownership
CT AUTOMOTIVE GROUP PLC group structure
Ct Automotive Group Plc has no subsidiary companies.
Ultimate parent company
CT AUTOMOTIVE GROUP PLC
10451211
ct automotive group plc directors
Ct Automotive Group Plc currently has 5 directors. The longest serving directors include Mr Simon Phillips (Sep 2021) and Mr Raymond Bench (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Phillips | England | 55 years | Sep 2021 | - | Director |
| Mr Raymond Bench | England | 51 years | Dec 2021 | - | Director |
| Mr Nicholas Timberlake | England | 56 years | Jul 2023 | - | Director |
| Mr Geraint Davies | 68 years | Sep 2023 | - | Director | |
| Mr Salman Mohammed | England | 45 years | Oct 2024 | - | Director |
P&L
December 2023turnover
112.5m
+15%
operating profit
6.7m
-150%
gross margin
21.6%
+80.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.3m
+5.56%
total assets
66.4m
+0.07%
cash
7.4m
+0.95%
net assets
Total assets minus all liabilities
ct automotive group plc company details
company number
10451211
Type
Public limited with Share Capital
industry
29320 - Manufacture of other parts and accessories for motor vehicles
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
ct automotive group limited (November 2021)
accountant
-
auditor
BDO LLP
address
1000 lakeside north harbour, western road, portsmouth, PO6 3EN
Bank
-
Legal Advisor
-
ct automotive group plc 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 ct automotive group plc. Currently there are 3 open charges and 1 have been satisfied in the past.
ct automotive group plc 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 CT AUTOMOTIVE GROUP PLC. This can take several minutes, an email will notify you when this has completed.
ct automotive group plc Companies House Filings - See Documents
| date | description | view/download |
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