Pomanda estimates the enterprise value of SMARTWAY CARS LIMITED at £333.9k based on a Turnover of £1.3m and 0.26x industry multiple (adjusted for size and gross margin).
smartway cars limitedEstimated Valuation
£494.2k
Pomanda estimates the enterprise value of SMARTWAY CARS LIMITED at £494.2k based on an EBITDA of £120.9k and a 4.09x industry multiple (adjusted for size and gross margin).
smartway cars limitedEstimated Valuation
£940.4k
Pomanda estimates the enterprise value of SMARTWAY CARS LIMITED at £940.4k based on Net Assets of £344.8k and 2.73x industry multiple (adjusted for liquidity).
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Smartway Cars LimitedOverview
Smartway Cars Limited is a live company located in hook, RG29 1PG with a Companies House number of 10749393. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in May 2017, it's largest shareholder is
james parsons
with a 100% stake. Smartway Cars Limited is a young,
small sized company, Pomanda has estimated its turnover at
£1.3m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Smartway Cars Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
5 Regular
2 Weak
Size
annual sales of £1.3m, make it in line with the average company (£1.5m)
£1.3m - Smartway Cars Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (12.3%)
54% - Smartway Cars Limited
12.3% - Industry AVG
Production
with a gross margin of 11.4%, this company has a comparable cost of product (11.4%)
11.4% - Smartway Cars Limited
11.4% - Industry AVG
Profitability
an operating margin of 9.2% make it more profitable than the average company (2.8%)
9.2% - Smartway Cars Limited
2.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Smartway Cars Limited
5 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has an equivalent pay structure (£33.3k)
£33.3k - Smartway Cars Limited
£33.3k - Industry AVG
Efficiency
resulting in sales per employee of £636.6k, this is more efficient (£387.9k)
£636.6k - Smartway Cars Limited
£387.9k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is near the average (8 days)
9 days - Smartway Cars Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is close to average (12 days)
12 days - Smartway Cars Limited
12 days - Industry AVG
Stock Days
it holds stock equivalent to 107 days, this is more than average (63 days)
107 days - Smartway Cars Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 47 weeks, this is more cash available to meet short term requirements (9 weeks)
47 weeks - Smartway Cars Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.3%, this is a lower level of debt than the average (66.8%)
28.3% - Smartway Cars Limited
66.8% - Industry AVG
SMARTWAY CARS LIMITED financials
EXPORT
Smartway Cars Limited's latest turnover from May 2024 is estimated at £1.3 million and the company has net assets of £344.8 thousand. According to their latest financial statements, Smartway Cars Limited has 2 employees and maintains cash reserves of £92.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
Turnover
1,273,133
598,890
3,003,427
347,348
1,211,773
1,061,499
3,030,576
Other Income Or Grants
Cost Of Sales
1,127,519
532,073
2,664,553
311,149
1,071,067
941,939
2,686,246
Gross Profit
145,614
66,817
338,874
36,199
140,706
119,560
344,330
Admin Expenses
29,017
-126,815
288,098
-76,970
171,207
104,258
336,225
Operating Profit
116,597
193,632
50,776
113,169
-30,501
15,302
8,105
Interest Payable
4,797
13,481
9,174
1,525
Interest Receivable
7,382
8,607
1,538
57
Pre-Tax Profit
119,181
188,759
43,140
111,701
-30,501
15,302
8,105
Tax
-29,795
-47,190
-8,197
-21,223
-2,907
-1,540
Profit After Tax
89,386
141,569
34,943
90,478
-30,501
12,395
6,565
Dividends Paid
Retained Profit
89,386
141,569
34,943
90,478
-30,501
12,395
6,565
Employee Costs
66,597
64,020
32,237
28,988
28,863
28,712
204,282
Number Of Employees
2
2
1
1
1
1
7
EBITDA*
120,922
197,740
54,261
113,169
-30,501
15,302
8,105
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
Tangible Assets
20,128
23,055
25,188
23,256
727
103
Intangible Assets
Investments & Other
1
1
Debtors (Due After 1 year)
Total Fixed Assets
20,128
23,055
25,188
23,256
728
104
Stock & work in progress
332,390
180,150
94,760
Trade Debtors
32,300
9,650
173,695
48,855
47,785
92,910
Group Debtors
Misc Debtors
3,798
2,755
3,552
Cash
92,458
188,750
193,790
113,805
misc current assets
620
371
total current assets
460,946
381,305
371,037
208,565
48,855
48,405
93,281
total assets
481,074
404,360
396,225
231,821
48,855
49,133
93,385
Bank overdraft
5,836
5,836
166,714
Bank loan
Trade Creditors
37,920
182
3,388
8,000
58,896
28,673
85,320
Group/Directors Accounts
other short term finances
5,017
hp & lease commitments
other current liabilities
57,692
104,073
66,836
94,883
total current liabilities
101,448
110,091
236,938
107,900
58,896
28,673
85,320
loans
34,790
38,819
45,406
44,983
hp & lease commitments
Accruals and Deferred Income
1,500
1,500
1,500
other liabilities
provisions
total long term liabilities
34,790
38,819
45,406
44,983
1,500
1,500
1,500
total liabilities
136,238
148,910
282,344
152,883
60,396
30,173
86,820
net assets
344,836
255,450
113,881
78,938
-11,541
18,960
6,565
total shareholders funds
344,836
255,450
113,881
78,938
-11,541
18,960
6,565
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
Operating Activities
Operating Profit
116,597
193,632
50,776
113,169
-30,501
15,302
8,105
Depreciation
4,325
4,108
3,485
Amortisation
Tax
-29,795
-47,190
-8,197
-21,223
-2,907
-1,540
Stock
152,240
180,150
-94,760
94,760
Debtors
23,693
-164,842
177,247
-48,855
1,070
-45,125
92,910
Creditors
37,738
-3,206
-4,612
-50,896
30,223
-56,647
85,320
Accruals and Deferred Income
-46,381
37,237
-28,047
93,383
1,500
Deferred Taxes & Provisions
Cash flow from operations
-93,449
169,273
-69,082
88,528
-1,348
873
475
Investing Activities
capital expenditure
-1,398
-1,975
-5,417
-23,256
727
-624
-103
Change in Investments
-1
1
cash flow from investments
-1,398
-1,975
-5,417
-23,256
728
-624
-104
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-5,017
5,017
Long term loans
-4,029
-6,587
423
44,983
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1
interest
2,585
-4,874
-7,636
-1,468
cash flow from financing
-1,444
-11,461
-12,230
48,533
cash and cash equivalents
cash
-96,292
-5,040
79,985
113,805
overdraft
-160,878
166,714
change in cash
-96,292
155,838
-86,729
113,805
smartway cars limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for smartway cars limited. Get real-time insights into smartway cars limited's credit score, group structure and payment trends.
Perform a competitor analysis for smartway 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 RG29 area or any other competitors across 12 key performance metrics.
smartway cars limited Ownership
SMARTWAY CARS LIMITED group structure
Smartway Cars Limited has no subsidiary companies.
Ultimate parent company
SMARTWAY CARS LIMITED
10749393
SMARTWAY CARS LIMITED Shareholders
The sole shareholder of Smartway Cars Limited is James Parsons.
james parsons
100%
smartway cars limited directors
Smartway Cars Limited currently has 1 director, Mr James Parsons serving since May 2017.
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 smartway cars limited.
smartway 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.
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smartway cars limitedCompanies House Filings - See Documents
