1st choice autos ltd
1st choice autos ltd Company Information
Company Number
10551537
Website
http://1choiceautos.comRegistered Address
49 cobden street, walsall, WS1 4AQ
Industry
Other transportation support activities
Freight transport by road
Telephone
01753575055
Next Accounts Due
October 2024
Group Structure
View All
Directors
Shahid Iqbal6 Years
Shareholders
shahid iqbal 100%
1st choice autos ltd Estimated Valuation
Pomanda estimates the enterprise value of 1ST CHOICE AUTOS LTD at £58.8k based on a Turnover of £161.7k and 0.36x industry multiple (adjusted for size and gross margin).
1st choice autos ltd Estimated Valuation
Pomanda estimates the enterprise value of 1ST CHOICE AUTOS LTD at £8.6k based on an EBITDA of £3.1k and a 2.8x industry multiple (adjusted for size and gross margin).
1st choice autos ltd Estimated Valuation
Pomanda estimates the enterprise value of 1ST CHOICE AUTOS LTD at £12.3k based on Net Assets of £5.2k and 2.35x industry multiple (adjusted for liquidity).
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1st Choice Autos Ltd Overview
1st Choice Autos Ltd is a live company located in walsall, WS1 4AQ with a Companies House number of 10551537. It operates in the freight transport by road sector, SIC Code 49410. Founded in January 2017, it's largest shareholder is shahid iqbal with a 100% stake. 1st Choice Autos Ltd is a young, micro sized company, Pomanda has estimated its turnover at £161.7k with rapid growth in recent years.
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1st Choice Autos Ltd Health Check
Pomanda's financial health check has awarded 1St Choice Autos Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £161.7k, make it smaller than the average company (£7.3m)
- 1st Choice Autos Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 66%, show it is growing at a faster rate (7.2%)
- 1st Choice Autos Ltd
7.2% - Industry AVG
Production
with a gross margin of 15.1%, this company has a higher cost of product (27.5%)
- 1st Choice Autos Ltd
27.5% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (5.9%)
- 1st Choice Autos Ltd
5.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (40)
2 - 1st Choice Autos Ltd
40 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)
- 1st Choice Autos Ltd
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £80.8k, this is less efficient (£175.2k)
- 1st Choice Autos Ltd
£175.2k - Industry AVG
Debtor Days
it gets paid by customers after 101 days, this is later than average (48 days)
- 1st Choice Autos Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (34 days)
- 1st Choice Autos Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 1st Choice Autos Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 1st Choice Autos Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.4%, this is a higher level of debt than the average (64%)
88.4% - 1st Choice Autos Ltd
64% - Industry AVG
1ST CHOICE AUTOS LTD financials
1St Choice Autos Ltd's latest turnover from January 2023 is estimated at £161.7 thousand and the company has net assets of £5.2 thousand. According to their latest financial statements, 1St Choice Autos Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 152 | 385 | 618 | 851 | 1,084 | 1,317 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 152 | 385 | 618 | 851 | 1,084 | 1,317 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 1,458 | 1,286 |
| Trade Debtors | 45,093 | 32,894 | 24,377 | 4,202 | 1,400 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 933 | 73 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 45,093 | 32,894 | 24,377 | 4,202 | 3,791 | 1,359 |
| total assets | 45,245 | 33,279 | 24,995 | 5,053 | 4,875 | 2,676 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,274 | 6,433 | 6,405 | 3,275 | 1,761 | 659 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 17,274 | 6,433 | 6,405 | 3,275 | 1,761 | 659 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 22,733 | 24,096 | 20,250 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 22,733 | 24,096 | 20,250 | 0 | 0 | 0 |
| total liabilities | 40,007 | 30,529 | 26,655 | 3,275 | 1,761 | 659 |
| net assets | 5,238 | 2,750 | -1,660 | 1,778 | 3,114 | 2,017 |
| total shareholders funds | 5,238 | 2,750 | -1,660 | 1,778 | 3,114 | 2,017 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 233 | |||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | -1,458 | 172 | 1,286 |
| Debtors | 12,199 | 8,517 | 20,175 | 2,802 | 41 | 1,359 |
| Creditors | 10,841 | 28 | 3,130 | 1,514 | 1,102 | 659 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,363 | 3,846 | 20,250 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | -933 | 860 | 73 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -933 | 860 | 73 |
1st choice autos ltd Credit Report and Business Information
1st Choice Autos Ltd Competitor Analysis
Perform a competitor analysis for 1st choice autos ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in WS1 area or any other competitors across 12 key performance metrics.
1st choice autos ltd Ownership
1ST CHOICE AUTOS LTD group structure
1St Choice Autos Ltd has no subsidiary companies.
Ultimate parent company
1ST CHOICE AUTOS LTD
10551537
1st choice autos ltd directors
1St Choice Autos Ltd currently has 1 director, Mr Shahid Iqbal serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shahid Iqbal | United Kingdom | 40 years | Apr 2018 | - | Director |
P&L
January 2023turnover
161.7k
+40%
operating profit
3.1k
0%
gross margin
15.1%
+6.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
5.2k
+0.9%
total assets
45.2k
+0.36%
cash
0
0%
net assets
Total assets minus all liabilities
1st choice autos ltd company details
company number
10551537
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
52290 - Other transportation support activities
49410 - Freight transport by road
incorporation date
January 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
49 cobden street, walsall, WS1 4AQ
accountant
-
auditor
-
1st choice autos 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 1st choice autos ltd.
1st choice autos ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
