carfico limited
carfico limited Company Information
Company Number
10754779
Next Accounts
Dec 2024
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
adam james barron
chrome holdings limited
View AllGroup Structure
View All
Contact
Registered Address
1st floor, chadwick house, birchwood park, warrington, WA3 6AE
Website
-carfico limited Estimated Valuation
Pomanda estimates the enterprise value of CARFICO LIMITED at £36.3m based on a Turnover of £16.2m and 2.24x industry multiple (adjusted for size and gross margin).
carfico limited Estimated Valuation
Pomanda estimates the enterprise value of CARFICO LIMITED at £31m based on an EBITDA of £3.8m and a 8.27x industry multiple (adjusted for size and gross margin).
carfico limited Estimated Valuation
Pomanda estimates the enterprise value of CARFICO LIMITED at £8.9m based on Net Assets of £6.8m and 1.31x industry multiple (adjusted for liquidity).
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Carfico Limited Overview
Carfico Limited is a live company located in warrington, WA3 6AE with a Companies House number of 10754779. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2017, it's largest shareholder is adam james barron with a 48.9% stake. Carfico Limited is a young, mid sized company, Pomanda has estimated its turnover at £16.2m with low growth in recent years.
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Carfico Limited Health Check
Pomanda's financial health check has awarded Carfico Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £16.2m, make it larger than the average company (£3.9m)
£16.2m - Carfico Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (3.9%)
3% - Carfico Limited
3.9% - Industry AVG
Production
with a gross margin of 84.2%, this company has a lower cost of product (63.3%)
84.2% - Carfico Limited
63.3% - Industry AVG
Profitability
an operating margin of 19.5% make it more profitable than the average company (11.1%)
19.5% - Carfico Limited
11.1% - Industry AVG
Employees
with 107 employees, this is above the industry average (13)
107 - Carfico Limited
13 - Industry AVG
Pay Structure
on an average salary of £49.2k, the company has a lower pay structure (£72.4k)
£49.2k - Carfico Limited
£72.4k - Industry AVG
Efficiency
resulting in sales per employee of £151.4k, this is less efficient (£202.3k)
£151.4k - Carfico Limited
£202.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Carfico Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (38 days)
60 days - Carfico Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 202 days, this is more than average (28 days)
202 days - Carfico Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (39 weeks)
4 weeks - Carfico Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.4%, this is a higher level of debt than the average (57.3%)
89.4% - Carfico Limited
57.3% - Industry AVG
CARFICO LIMITED financials
Carfico Limited's latest turnover from March 2023 is £16.2 million and the company has net assets of £6.8 million. According to their latest financial statements, Carfico Limited has 107 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 16,196,000 | 14,978,000 | 14,421,000 | 14,795,000 | 10,813,000 | 3,408,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,558,000 | 3,368,000 | 4,047,000 | 5,198,000 | 3,208,000 | 692,000 |
| Gross Profit | 13,638,000 | 11,610,000 | 10,374,000 | 9,597,000 | 7,605,000 | 2,716,000 |
| Admin Expenses | 10,479,000 | 8,466,000 | 8,920,000 | 11,238,000 | 10,506,000 | 5,106,000 |
| Operating Profit | 3,159,000 | 3,144,000 | 1,454,000 | -1,641,000 | -2,901,000 | -2,390,000 |
| Interest Payable | 5,866,000 | 4,418,000 | 3,542,000 | 3,464,000 | 2,008,000 | 273,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -2,707,000 | -1,247,000 | -2,088,000 | -5,105,000 | -4,909,000 | -2,663,000 |
| Tax | 92,000 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2,615,000 | -1,247,000 | -2,088,000 | -5,105,000 | -4,909,000 | -2,663,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,615,000 | -1,247,000 | -2,088,000 | -5,105,000 | -4,909,000 | -2,663,000 |
| Employee Costs | 5,260,000 | 4,801,000 | 4,877,000 | 5,771,000 | 4,563,000 | 1,986,000 |
| Number Of Employees | 107 | 115 | 125 | 162 | 131 | 79 |
| EBITDA* | 3,754,000 | 3,895,000 | 2,406,000 | -854,000 | -2,220,000 | -2,188,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 683,000 | 876,000 | 1,012,000 | 1,396,000 | 1,195,000 | 775,000 |
| Intangible Assets | 520,000 | 451,000 | 576,000 | 590,000 | 648,000 | 519,000 |
| Investments & Other | 4,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 43,725,000 | 32,995,000 | 0 | 31,884,000 | 24,833,000 | 15,467,000 |
| Total Fixed Assets | 44,932,000 | 34,322,000 | 1,588,000 | 33,870,000 | 26,676,000 | 16,761,000 |
| Stock & work in progress | 1,417,000 | 1,070,000 | 1,084,000 | 1,205,000 | 685,000 | 265,000 |
| Trade Debtors | 0 | 41,000 | 92,000 | 313,000 | 678,000 | 1,118,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,924,000 | 13,119,000 | 38,129,000 | 11,364,000 | 11,099,000 | 6,420,000 |
| Cash | 2,660,000 | 3,633,000 | 4,465,000 | 2,410,000 | 6,220,000 | 5,381,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,001,000 | 17,863,000 | 43,770,000 | 15,292,000 | 18,682,000 | 13,184,000 |
| total assets | 63,933,000 | 52,185,000 | 45,358,000 | 49,162,000 | 45,358,000 | 29,945,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 8,674,000 | 2,790,000 |
| Bank loan | 30,901,000 | 8,395,000 | 8,510,000 | 9,312,000 | 0 | 0 |
| Trade Creditors | 421,000 | 410,000 | 465,000 | 676,000 | 955,000 | 988,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 18,220,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,220,000 | 851,000 | 721,000 | 960,000 | 4,884,000 | 1,119,000 |
| total current liabilities | 32,542,000 | 9,656,000 | 9,696,000 | 10,948,000 | 14,513,000 | 23,117,000 |
| loans | 24,580,000 | 33,787,000 | 25,673,000 | 26,137,000 | 19,663,000 | 9,488,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 24,580,000 | 33,787,000 | 25,673,000 | 26,137,000 | 19,663,000 | 9,488,000 |
| total liabilities | 57,122,000 | 43,443,000 | 35,369,000 | 37,085,000 | 34,176,000 | 32,605,000 |
| net assets | 6,811,000 | 8,742,000 | 9,989,000 | 12,077,000 | 11,182,000 | -2,660,000 |
| total shareholders funds | 6,811,000 | 8,742,000 | 9,989,000 | 12,077,000 | 11,182,000 | -2,660,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 3,159,000 | 3,144,000 | 1,454,000 | -1,641,000 | -2,901,000 | -2,390,000 |
| Depreciation | 326,000 | 410,000 | 576,000 | 407,000 | 405,000 | 108,000 |
| Amortisation | 269,000 | 341,000 | 376,000 | 380,000 | 276,000 | 94,000 |
| Tax | 92,000 | 0 | 0 | 0 | 0 | 0 |
| Stock | 347,000 | -14,000 | -121,000 | 520,000 | 420,000 | 265,000 |
| Debtors | 12,494,000 | 7,934,000 | -5,340,000 | 6,951,000 | 13,605,000 | 23,005,000 |
| Creditors | 11,000 | -55,000 | -211,000 | -279,000 | -33,000 | 988,000 |
| Accruals and Deferred Income | 369,000 | 130,000 | -239,000 | -3,924,000 | 3,765,000 | 1,119,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -8,615,000 | -3,950,000 | 7,417,000 | -12,528,000 | -12,513,000 | -23,351,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 4,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -4,000 | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | ||||||
| Bank loans | 22,506,000 | -115,000 | -802,000 | 9,312,000 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -18,220,000 | 18,220,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,207,000 | 8,114,000 | -464,000 | 6,474,000 | 10,175,000 | 9,488,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -5,866,000 | -4,418,000 | -3,542,000 | -3,464,000 | -2,008,000 | -273,000 |
| cash flow from financing | 8,117,000 | 3,581,000 | -4,808,000 | 18,322,000 | 8,698,000 | 27,438,000 |
| cash and cash equivalents | ||||||
| cash | -973,000 | -832,000 | 2,055,000 | -3,810,000 | 839,000 | 5,381,000 |
| overdraft | 0 | 0 | 0 | -8,674,000 | 5,884,000 | 2,790,000 |
| change in cash | -973,000 | -832,000 | 2,055,000 | 4,864,000 | -5,045,000 | 2,591,000 |
carfico limited Credit Report and Business Information
Carfico Limited Competitor Analysis
Perform a competitor analysis for carfico limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in WA3 area or any other competitors across 12 key performance metrics.
carfico limited Ownership
CARFICO LIMITED group structure
Carfico Limited has 1 subsidiary company.
carfico limited directors
Carfico Limited currently has 3 directors. The longest serving directors include Mr Toby Franklin (May 2017) and Mr Adam Barron (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Toby Franklin | England | 52 years | May 2017 | - | Director |
| Mr Adam Barron | 56 years | Jul 2017 | - | Director | |
| Mr Mark Giles | England | 56 years | Jan 2019 | - | Director |
P&L
March 2023turnover
16.2m
+8%
operating profit
3.2m
0%
gross margin
84.3%
+8.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.8m
-0.22%
total assets
63.9m
+0.23%
cash
2.7m
-0.27%
net assets
Total assets minus all liabilities
carfico limited company details
company number
10754779
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
May 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
1st floor, chadwick house, birchwood park, warrington, WA3 6AE
Bank
-
Legal Advisor
-
carfico 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 carfico limited.
carfico 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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carfico limited Companies House Filings - See Documents
| date | description | view/download |
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