carnet midlands limited
carnet midlands limited Company Information
Company Number
10744039
Website
-Registered Address
19f cobbett road zone 1, burntwood business park, burntwood, WS7 3GL
Industry
Sale of used cars and light motor vehicles
Telephone
01543396688
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
david bishop 50%
nicola bishop 50%
carnet midlands limited Estimated Valuation
Pomanda estimates the enterprise value of CARNET MIDLANDS LIMITED at £253.2k based on a Turnover of £1.2m and 0.22x industry multiple (adjusted for size and gross margin).
carnet midlands limited Estimated Valuation
Pomanda estimates the enterprise value of CARNET MIDLANDS LIMITED at £0 based on an EBITDA of £-53.6k and a 3.4x industry multiple (adjusted for size and gross margin).
carnet midlands limited Estimated Valuation
Pomanda estimates the enterprise value of CARNET MIDLANDS LIMITED at £160.8k based on Net Assets of £60.1k and 2.67x industry multiple (adjusted for liquidity).
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Carnet Midlands Limited Overview
Carnet Midlands Limited is a live company located in burntwood, WS7 3GL with a Companies House number of 10744039. 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 david bishop with a 50% stake. Carnet Midlands Limited is a young, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Carnet Midlands Limited Health Check
Pomanda's financial health check has awarded Carnet Midlands Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£3.2m)
- Carnet Midlands Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (8.3%)
- Carnet Midlands Limited
8.3% - Industry AVG
Production
with a gross margin of 10.8%, this company has a comparable cost of product (10.8%)
- Carnet Midlands Limited
10.8% - Industry AVG
Profitability
an operating margin of -5.1% make it less profitable than the average company (2.9%)
- Carnet Midlands Limited
2.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (8)
5 - Carnet Midlands Limited
8 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Carnet Midlands Limited
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £230.8k, this is less efficient (£474.3k)
- Carnet Midlands Limited
£474.3k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (8 days)
- Carnet Midlands Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (15 days)
- Carnet Midlands Limited
15 days - Industry AVG
Stock Days
it holds stock equivalent to 91 days, this is more than average (66 days)
- Carnet Midlands Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (9 weeks)
3 weeks - Carnet Midlands Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.5%, this is a higher level of debt than the average (68.4%)
81.5% - Carnet Midlands Limited
68.4% - Industry AVG
CARNET MIDLANDS LIMITED financials
Carnet Midlands Limited's latest turnover from April 2023 is estimated at £1.2 million and the company has net assets of £60.1 thousand. According to their latest financial statements, Carnet Midlands Limited has 5 employees and maintains cash reserves of £16.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 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 | 5 | 5 | 4 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 20,376 | 25,474 | 1,307 | 0 | 0 | 0 |
| 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 | 20,376 | 25,474 | 1,307 | 0 | 0 | 0 |
| Stock & work in progress | 256,784 | 457,375 | 550,698 | 307,037 | 0 | 0 |
| Trade Debtors | 15,680 | 29,492 | 15,379 | 0 | 372,235 | 350,368 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 15,314 | 15,289 | 15,089 | 12,000 | 0 | 0 |
| Cash | 16,305 | 3,401 | 14,557 | 18,851 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 1,615 | 0 | 0 |
| total current assets | 304,083 | 505,557 | 595,723 | 339,503 | 372,235 | 350,368 |
| total assets | 324,459 | 531,031 | 597,030 | 339,503 | 372,235 | 350,368 |
| Bank overdraft | 6,660 | 8,230 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 12,738 | 14,370 | 24,728 | 0 | 318,532 | 313,623 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,678 | 4,678 | 0 | 0 | 0 | 0 |
| other current liabilities | 192,238 | 301,802 | 400,334 | 328,053 | 0 | 0 |
| total current liabilities | 216,314 | 329,080 | 425,062 | 328,053 | 318,532 | 313,623 |
| loans | 35,904 | 38,247 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 12,095 | 16,773 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 23,919 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 47,999 | 78,939 | 50,000 | 0 | 0 | 0 |
| total liabilities | 264,313 | 408,019 | 475,062 | 328,053 | 318,532 | 313,623 |
| net assets | 60,146 | 123,012 | 121,968 | 11,450 | 53,703 | 36,745 |
| total shareholders funds | 60,146 | 123,012 | 121,968 | 11,450 | 53,703 | 36,745 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 5,098 | 3,008 | 195 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | -200,591 | -93,323 | 243,661 | 307,037 | 0 | 0 |
| Debtors | -13,787 | 14,313 | 18,468 | -360,235 | 21,867 | 350,368 |
| Creditors | -1,632 | -10,358 | 24,728 | -318,532 | 4,909 | 313,623 |
| Accruals and Deferred Income | -109,564 | -98,532 | 72,281 | 328,053 | 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 | -2,343 | -11,753 | 50,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -4,678 | 21,451 | 0 | 0 | 0 | 0 |
| other long term liabilities | -23,919 | 23,919 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 12,904 | -11,156 | -4,294 | 18,851 | 0 | 0 |
| overdraft | -1,570 | 8,230 | 0 | 0 | 0 | 0 |
| change in cash | 14,474 | -19,386 | -4,294 | 18,851 | 0 | 0 |
carnet midlands limited Credit Report and Business Information
Carnet Midlands Limited Competitor Analysis
Perform a competitor analysis for carnet midlands limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
carnet midlands limited Ownership
CARNET MIDLANDS LIMITED group structure
Carnet Midlands Limited has no subsidiary companies.
Ultimate parent company
CARNET MIDLANDS LIMITED
10744039
carnet midlands limited directors
Carnet Midlands Limited currently has 2 directors. The longest serving directors include Mr David Bishop (Apr 2017) and Mrs Nicola Bishop (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Bishop | England | 56 years | Apr 2017 | - | Director |
| Mrs Nicola Bishop | England | 45 years | May 2021 | - | Director |
P&L
April 2023turnover
1.2m
-31%
operating profit
-58.7k
0%
gross margin
10.8%
-7.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
60.1k
-0.51%
total assets
324.5k
-0.39%
cash
16.3k
+3.79%
net assets
Total assets minus all liabilities
Similar Companies
carnet midlands limited company details
company number
10744039
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
19f cobbett road zone 1, burntwood business park, burntwood, WS7 3GL
last accounts submitted
April 2023
carnet midlands 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 carnet midlands limited.
carnet midlands limited Companies House Filings - See Documents
| date | description | view/download |
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