harvey's autos ltd
harvey's autos ltd Company Information
Company Number
10716625
Website
www.harveysautosltd.co.ukRegistered Address
unit 1, rear of 115/120 stafford st, walsall, west midlands, WS2 8DX
Industry
Sale of used cars and light motor vehicles
Telephone
01785212888
Next Accounts Due
December 2024
Group Structure
View All
Directors
Jez Hill7 Years
Shareholders
hills international ltd 100%
harvey's autos ltd Estimated Valuation
Pomanda estimates the enterprise value of HARVEY'S AUTOS LTD at £2.1m based on a Turnover of £8.1m and 0.26x industry multiple (adjusted for size and gross margin).
harvey's autos ltd Estimated Valuation
Pomanda estimates the enterprise value of HARVEY'S AUTOS LTD at £0 based on an EBITDA of £-2.9m and a 4.03x industry multiple (adjusted for size and gross margin).
harvey's autos ltd Estimated Valuation
Pomanda estimates the enterprise value of HARVEY'S AUTOS LTD at £0 based on Net Assets of £-2.9m and 2.67x industry multiple (adjusted for liquidity).
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Harvey's Autos Ltd Overview
Harvey's Autos Ltd is a live company located in walsall, WS2 8DX with a Companies House number of 10716625. 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 hills international ltd with a 100% stake. Harvey's Autos Ltd is a young, mid sized company, Pomanda has estimated its turnover at £8.1m with high growth in recent years.
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Harvey's Autos Ltd Health Check
Pomanda's financial health check has awarded Harvey'S Autos Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £8.1m, make it larger than the average company (£3.1m)
- Harvey's Autos Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.9%)
- Harvey's Autos Ltd
7.9% - Industry AVG
Production
with a gross margin of 11%, this company has a comparable cost of product (11%)
- Harvey's Autos Ltd
11% - Industry AVG
Profitability
an operating margin of -36.8% make it less profitable than the average company (2.9%)
- Harvey's Autos Ltd
2.9% - Industry AVG
Employees
with 8 employees, this is similar to the industry average (7)
8 - Harvey's Autos Ltd
7 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
- Harvey's Autos Ltd
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£468.4k)
- Harvey's Autos Ltd
£468.4k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (8 days)
- Harvey's Autos Ltd
8 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Harvey's Autos Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 131 days, this is more than average (66 days)
- Harvey's Autos Ltd
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Harvey's Autos Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 179.5%, this is a higher level of debt than the average (68.5%)
179.5% - Harvey's Autos Ltd
68.5% - Industry AVG
HARVEY'S AUTOS LTD financials
Harvey'S Autos Ltd's latest turnover from March 2023 is estimated at £8.1 million and the company has net assets of -£2.9 million. According to their latest financial statements, Harvey'S Autos Ltd has 8 employees and maintains cash reserves of £751 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 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 | 8 | 4 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 353,577 | 360,594 | 220,712 | 35,119 | 9,024 | 2,900 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 143,567 | 148,560 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 497,144 | 509,154 | 220,712 | 35,119 | 9,024 | 2,900 |
| Stock & work in progress | 2,611,907 | 5,112,605 | 3,905,066 | 1,601,534 | 1,094,508 | 223,857 |
| Trade Debtors | 115,038 | 171,231 | 0 | 0 | 0 | 0 |
| Group Debtors | 472,405 | 458,511 | 179,110 | 0 | 0 | 0 |
| Misc Debtors | 1,450 | 28,621 | 0 | 139,366 | 85,739 | 301 |
| Cash | 751 | 1,098 | 44,844 | 22,405 | 60,768 | 12,339 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,201,551 | 5,772,066 | 4,129,020 | 1,763,305 | 1,241,015 | 236,497 |
| total assets | 3,698,695 | 6,281,220 | 4,349,732 | 1,798,424 | 1,250,039 | 239,397 |
| Bank overdraft | 24,448 | 36,928 | 50,000 | 0 | 28,035 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 88,033 | 0 | 1 | 759,573 | 24,546 |
| Group/Directors Accounts | 4,333,003 | 2,727,545 | 36,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 71,942 | 0 | 0 | 0 |
| other current liabilities | 2,271,679 | 3,361,045 | 4,220,512 | 1,562,141 | 395,654 | 150,917 |
| total current liabilities | 6,629,130 | 6,213,551 | 4,378,454 | 1,562,142 | 1,183,262 | 175,463 |
| loans | 10,000 | 10,000 | 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 | 0 | 0 | 117,181 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,000 | 10,000 | 117,181 | 0 | 0 | 0 |
| total liabilities | 6,639,130 | 6,223,551 | 4,495,635 | 1,562,142 | 1,183,262 | 175,463 |
| net assets | -2,940,435 | 57,669 | -145,903 | 236,282 | 66,777 | 63,934 |
| total shareholders funds | -2,940,435 | 57,669 | -145,903 | 236,282 | 66,777 | 63,934 |
| Mar 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 92,854 | 57,922 | 6,006 | 3,212 | 615 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | -2,500,698 | 1,207,539 | 2,303,532 | 507,026 | 870,651 | 223,857 |
| Debtors | -74,463 | 627,813 | 39,744 | 53,627 | 85,438 | 301 |
| Creditors | -88,033 | 88,033 | -1 | -759,572 | 735,027 | 24,546 |
| Accruals and Deferred Income | -1,089,366 | -859,467 | 2,658,371 | 1,166,487 | 244,737 | 150,917 |
| 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 | 1,605,458 | 2,691,545 | 36,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 10,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -71,942 | 71,942 | 0 | 0 | 0 |
| other long term liabilities | 0 | -117,181 | 117,181 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -347 | -43,746 | 22,439 | -38,363 | 48,429 | 12,339 |
| overdraft | -12,480 | -13,072 | 50,000 | -28,035 | 28,035 | 0 |
| change in cash | 12,133 | -30,674 | -27,561 | -10,328 | 20,394 | 12,339 |
harvey's autos ltd Credit Report and Business Information
Harvey's Autos Ltd Competitor Analysis
Perform a competitor analysis for harvey's autos ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
harvey's autos ltd Ownership
HARVEY'S AUTOS LTD group structure
Harvey'S Autos Ltd has no subsidiary companies.
harvey's autos ltd directors
Harvey'S Autos Ltd currently has 1 director, Mr Jez Hill serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jez Hill | United Kingdom | 48 years | Apr 2017 | - | Director |
P&L
March 2023turnover
8.1m
-33%
operating profit
-3m
0%
gross margin
11.1%
-4.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-2.9m
-51.99%
total assets
3.7m
-0.41%
cash
751
-0.32%
net assets
Total assets minus all liabilities
Similar Companies
harvey's autos ltd company details
company number
10716625
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
April 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 1, rear of 115/120 stafford st, walsall, west midlands, WS2 8DX
last accounts submitted
March 2023
harvey's 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 found 3 charges/mortgages relating to harvey's autos ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
harvey's autos ltd Companies House Filings - See Documents
| date | description | view/download |
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