motormiles limited
motormiles limited Company Information
Company Number
11026659
Website
www.motormiles.co.ukRegistered Address
127 waxwell lane, pinner, middlesex, HA5 3EP
Industry
Sale of used cars and light motor vehicles
Telephone
-
Next Accounts Due
July 2024
Group Structure
View All
Directors
Shairaz Ahmad6 Years
Shareholders
shairaz ahmad 100%
motormiles limited Estimated Valuation
Pomanda estimates the enterprise value of MOTORMILES LIMITED at £389.5k based on a Turnover of £2.1m and 0.19x industry multiple (adjusted for size and gross margin).
motormiles limited Estimated Valuation
Pomanda estimates the enterprise value of MOTORMILES LIMITED at £73.4k based on an EBITDA of £25k and a 2.94x industry multiple (adjusted for size and gross margin).
motormiles limited Estimated Valuation
Pomanda estimates the enterprise value of MOTORMILES LIMITED at £382.8k based on Net Assets of £143.2k and 2.67x industry multiple (adjusted for liquidity).
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Motormiles Limited Overview
Motormiles Limited is a live company located in middlesex, HA5 3EP with a Companies House number of 11026659. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2017, it's largest shareholder is shairaz ahmad with a 100% stake. Motormiles Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.
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Motormiles Limited Health Check
Pomanda's financial health check has awarded Motormiles Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £2.1m, make it in line with the average company (£2.4m)
- Motormiles Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.5%)
- Motormiles Limited
6.5% - Industry AVG
Production
with a gross margin of 7.5%, this company has a higher cost of product (11.7%)
- Motormiles Limited
11.7% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (3.6%)
- Motormiles Limited
3.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (7)
1 - Motormiles Limited
7 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Motormiles Limited
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £2.1m, this is more efficient (£451.8k)
- Motormiles Limited
£451.8k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (8 days)
- Motormiles Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (16 days)
- Motormiles Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Motormiles Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Motormiles Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.7%, this is a similar level of debt than the average (67.6%)
66.7% - Motormiles Limited
67.6% - Industry AVG
MOTORMILES LIMITED financials
Motormiles Limited's latest turnover from October 2022 is estimated at £2.1 million and the company has net assets of £143.2 thousand. According to their latest financial statements, Motormiles Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 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 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 430,076 | 427,672 | 317,463 | 210,312 | 84,037 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 430,076 | 427,672 | 317,463 | 210,312 | 84,037 |
| total assets | 430,076 | 427,672 | 317,463 | 210,312 | 84,037 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 261,049 | 268,857 | 188,141 | 192,236 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 261,049 | 268,857 | 188,141 | 192,236 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 25,833 | 35,833 | 50,000 | 0 | 91,646 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 25,833 | 35,833 | 50,000 | 0 | 91,646 |
| total liabilities | 286,882 | 304,690 | 238,141 | 192,236 | 91,646 |
| net assets | 143,194 | 122,982 | 79,322 | 18,076 | -7,609 |
| total shareholders funds | 143,194 | 122,982 | 79,322 | 18,076 | -7,609 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,404 | 110,209 | 107,151 | 126,275 | 84,037 |
| Creditors | -7,808 | 80,716 | -4,095 | 192,236 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -10,000 | -14,167 | 50,000 | -91,646 | 91,646 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
motormiles limited Credit Report and Business Information
Motormiles Limited Competitor Analysis
Perform a competitor analysis for motormiles limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
motormiles limited Ownership
MOTORMILES LIMITED group structure
Motormiles Limited has no subsidiary companies.
Ultimate parent company
MOTORMILES LIMITED
11026659
motormiles limited directors
Motormiles Limited currently has 1 director, Mr Shairaz Ahmad serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shairaz Ahmad | 49 years | Oct 2017 | - | Director |
P&L
October 2022turnover
2.1m
+13%
operating profit
25k
0%
gross margin
7.5%
+18.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
143.2k
+0.16%
total assets
430.1k
+0.01%
cash
0
0%
net assets
Total assets minus all liabilities
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motormiles limited company details
company number
11026659
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
October 2017
age
7
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
127 waxwell lane, pinner, middlesex, HA5 3EP
last accounts submitted
October 2022
motormiles 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 motormiles limited.
motormiles limited Companies House Filings - See Documents
| date | description | view/download |
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