vortex cars limited
vortex cars limited Company Information
Company Number
10704457
Next Accounts
Mar 2025
Industry
Sale of used cars and light motor vehicles
Shareholders
scott taylor
lee taylor
Group Structure
View All
Contact
Registered Address
175 higher hillgate, stockport, SK1 3JG
Website
www.vortexcars.co.ukvortex cars limited Estimated Valuation
Pomanda estimates the enterprise value of VORTEX CARS LIMITED at £484.6k based on a Turnover of £1.9m and 0.25x industry multiple (adjusted for size and gross margin).
vortex cars limited Estimated Valuation
Pomanda estimates the enterprise value of VORTEX CARS LIMITED at £81.1k based on an EBITDA of £23.7k and a 3.42x industry multiple (adjusted for size and gross margin).
vortex cars limited Estimated Valuation
Pomanda estimates the enterprise value of VORTEX CARS LIMITED at £150.1k based on Net Assets of £48.1k and 3.12x industry multiple (adjusted for liquidity).
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Vortex Cars Limited Overview
Vortex Cars Limited is a live company located in stockport, SK1 3JG with a Companies House number of 10704457. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in April 2017, it's largest shareholder is scott taylor with a 50% stake. Vortex Cars Limited is a young, small sized company, Pomanda has estimated its turnover at £1.9m with low growth in recent years.
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Vortex Cars Limited Health Check
Pomanda's financial health check has awarded Vortex Cars Limited a 2 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 £1.9m, make it smaller than the average company (£2.5m)
- Vortex Cars Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8%)
- Vortex Cars Limited
8% - Industry AVG
Production
with a gross margin of 7.2%, this company has a higher cost of product (11.2%)
- Vortex Cars Limited
11.2% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (2.8%)
- Vortex Cars Limited
2.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (8)
3 - Vortex Cars Limited
8 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
- Vortex Cars Limited
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £643.5k, this is more efficient (£445.9k)
- Vortex Cars Limited
£445.9k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (9 days)
- Vortex Cars Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (15 days)
- Vortex Cars Limited
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Vortex Cars Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Vortex Cars Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.1%, this is a higher level of debt than the average (69.3%)
87.1% - Vortex Cars Limited
69.3% - Industry AVG
VORTEX CARS LIMITED financials
Vortex Cars Limited's latest turnover from June 2023 is estimated at £1.9 million and the company has net assets of £48.1 thousand. According to their latest financial statements, Vortex Cars Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 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 | 3 | 1 | 3 | 3 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 15,433 | 18,816 | 17,769 | 17,066 | 9,618 | 1,126 |
| 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 | 15,433 | 18,816 | 17,769 | 17,066 | 9,618 | 1,126 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 272,080 | 140,000 |
| Trade Debtors | 348,401 | 367,260 | 308,123 | 352,054 | 80,296 | 1,800 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,325 | 6,173 | 4,266 | 469 | 197 | 0 |
| Cash | 0 | 0 | 0 | 0 | 11,815 | 10,169 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 355,726 | 373,433 | 312,389 | 352,523 | 364,388 | 151,969 |
| total assets | 371,159 | 392,249 | 330,158 | 369,589 | 374,006 | 153,095 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 277,083 | 275,029 | 208,944 | 222,300 | 56,419 | 189 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 110,785 | 72,091 |
| 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 | 195,834 | 76,807 |
| total current liabilities | 277,083 | 275,029 | 208,944 | 222,300 | 363,038 | 149,087 |
| 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 | 43,888 | 84,938 | 112,707 | 0 | 0 | 0 |
| provisions | 2,127 | 2,014 | 1,386 | 143,964 | 1,012 | 214 |
| total long term liabilities | 46,015 | 86,952 | 114,093 | 143,964 | 1,012 | 214 |
| total liabilities | 323,098 | 361,981 | 323,037 | 366,264 | 364,050 | 149,301 |
| net assets | 48,061 | 30,268 | 7,121 | 3,325 | 9,956 | 3,794 |
| total shareholders funds | 48,061 | 30,268 | 7,121 | 3,325 | 9,956 | 3,794 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 4,065 | 1,978 | 199 | |||
| Amortisation | 0 | 0 | 0 | |||
| Tax | ||||||
| Stock | 0 | 0 | 0 | -272,080 | 132,080 | 140,000 |
| Debtors | -17,707 | 61,044 | -40,134 | 272,030 | 78,693 | 1,800 |
| Creditors | 2,054 | 66,085 | -13,356 | 165,881 | 56,230 | 189 |
| Accruals and Deferred Income | 0 | 0 | 0 | -195,834 | 119,027 | 76,807 |
| Deferred Taxes & Provisions | 113 | 628 | -142,578 | 142,952 | 798 | 214 |
| 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 | -110,785 | 38,694 | 72,091 |
| 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 | -41,050 | -27,769 | 112,707 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | -11,815 | 1,646 | 10,169 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -11,815 | 1,646 | 10,169 |
vortex cars limited Credit Report and Business Information
Vortex Cars Limited Competitor Analysis
Perform a competitor analysis for vortex cars 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 SK1 area or any other competitors across 12 key performance metrics.
vortex cars limited Ownership
VORTEX CARS LIMITED group structure
Vortex Cars Limited has no subsidiary companies.
Ultimate parent company
VORTEX CARS LIMITED
10704457
vortex cars limited directors
Vortex Cars Limited currently has 3 directors. The longest serving directors include Mr Scott Taylor (Apr 2017) and Mr Lee Taylor (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Taylor | England | 33 years | Apr 2017 | - | Director |
| Mr Lee Taylor | England | 53 years | Apr 2017 | - | Director |
| Mr Scott Taylor | United Kingdom | 33 years | Apr 2017 | - | Director |
P&L
June 2023turnover
1.9m
-1%
operating profit
23.7k
0%
gross margin
7.2%
-1.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
48.1k
+0.59%
total assets
371.2k
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
vortex cars limited company details
company number
10704457
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
April 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
BWP INSPIRE LTD
auditor
-
address
175 higher hillgate, stockport, SK1 3JG
Bank
-
Legal Advisor
-
vortex cars 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 vortex cars limited.
vortex cars 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.
Click to start generating capital raising & share issue transactions for VORTEX CARS LIMITED. This can take several minutes, an email will notify you when this has completed.
vortex cars limited Companies House Filings - See Documents
| date | description | view/download |
|---|
