mycardirect ltd
mycardirect ltd Company Information
Company Number
11124261
Next Accounts
Mar 2025
Industry
Renting and leasing of cars and light motor vehicles
Renting and leasing of trucks
Shareholders
alliance asset management limited
Group Structure
View All
Contact
Registered Address
3 colmworth business park, eaton socon, st. neots, PE19 8ER
Website
https://mycardirect.commycardirect ltd Estimated Valuation
Pomanda estimates the enterprise value of MYCARDIRECT LTD at £4.9m based on a Turnover of £5.9m and 0.82x industry multiple (adjusted for size and gross margin).
mycardirect ltd Estimated Valuation
Pomanda estimates the enterprise value of MYCARDIRECT LTD at £0 based on an EBITDA of £-104.1k and a 3.11x industry multiple (adjusted for size and gross margin).
mycardirect ltd Estimated Valuation
Pomanda estimates the enterprise value of MYCARDIRECT LTD at £0 based on Net Assets of £-6.2m and 2.48x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mycardirect Ltd Overview
Mycardirect Ltd is a live company located in st. neots, PE19 8ER with a Companies House number of 11124261. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in December 2017, it's largest shareholder is alliance asset management limited with a 100% stake. Mycardirect Ltd is a young, mid sized company, Pomanda has estimated its turnover at £5.9m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mycardirect Ltd Health Check
Pomanda's financial health check has awarded Mycardirect Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
8 Weak
Size
annual sales of £5.9m, make it smaller than the average company (£12.2m)
- Mycardirect Ltd
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (4.8%)
- Mycardirect Ltd
4.8% - Industry AVG
Production
with a gross margin of 30.9%, this company has a comparable cost of product (30.9%)
- Mycardirect Ltd
30.9% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (12.4%)
- Mycardirect Ltd
12.4% - Industry AVG
Employees
with 23 employees, this is below the industry average (39)
23 - Mycardirect Ltd
39 - Industry AVG
Pay Structure
on an average salary of £42.6k, the company has an equivalent pay structure (£42.6k)
- Mycardirect Ltd
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £257.5k, this is less efficient (£339.6k)
- Mycardirect Ltd
£339.6k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (42 days)
- Mycardirect Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (29 days)
- Mycardirect Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mycardirect Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Mycardirect Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 227.7%, this is a higher level of debt than the average (71.5%)
227.7% - Mycardirect Ltd
71.5% - Industry AVG
MYCARDIRECT LTD financials
Mycardirect Ltd's latest turnover from June 2023 is estimated at £5.9 million and the company has net assets of -£6.2 million. According to their latest financial statements, Mycardirect Ltd has 23 employees and maintains cash reserves of £206.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 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 | 23 | 26 | 27 | 35 | 28 | 29 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 10,869 | 8,862 | 2,328 | 4,395 | 11,373 | 4,790 |
| Intangible Assets | 5,663 | 17,055 | 28,389 | 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 | 16,532 | 25,917 | 30,717 | 4,395 | 11,373 | 4,790 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 954,143 | 658,985 | 335,979 | 564,092 | 1,069,851 | 1,072,900 |
| Group Debtors | 2,980,975 | 2,527,578 | 1,887,976 | 1,461,537 | 0 | 0 |
| Misc Debtors | 720,288 | 485,681 | 502,451 | 614,858 | 1,005,980 | 393,537 |
| Cash | 206,858 | 23,274 | 37,115 | 29,952 | 21,669 | 53,517 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,862,264 | 3,695,518 | 2,763,521 | 2,670,439 | 2,097,500 | 1,519,954 |
| total assets | 4,878,796 | 3,721,435 | 2,794,238 | 2,674,834 | 2,108,873 | 1,524,744 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 157,755 | 96,990 | 269,949 | 247,399 | 697,777 | 327,142 |
| Group/Directors Accounts | 10,498,811 | 9,170,024 | 8,088,636 | 6,381,665 | 1,413,209 | 1,960,252 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 453,401 | 567,413 | 221,009 | 358,667 | 169,396 | 38,298 |
| total current liabilities | 11,109,967 | 9,834,427 | 8,579,594 | 6,987,731 | 2,280,382 | 2,325,692 |
| loans | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,109,967 | 9,834,427 | 8,579,594 | 6,987,731 | 2,280,382 | 2,325,692 |
| net assets | -6,231,171 | -6,112,992 | -5,785,356 | -4,312,897 | -171,509 | -800,948 |
| total shareholders funds | -6,231,171 | -6,112,992 | -5,785,356 | -4,312,897 | -171,509 | -800,948 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 8,457 | 2,533 | 5,648 | 7,398 | 3,106 | 631 |
| Amortisation | 11,392 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 983,162 | 945,838 | 85,919 | 564,656 | 609,394 | 1,466,437 |
| Creditors | 60,765 | -172,959 | 22,550 | -450,378 | 370,635 | 327,142 |
| Accruals and Deferred Income | -114,012 | 346,404 | -137,658 | 189,271 | 131,098 | 38,298 |
| 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 | 1,328,787 | 1,081,388 | 1,706,971 | 4,968,456 | -547,043 | 1,960,252 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 183,584 | -13,841 | 7,163 | 8,283 | -31,848 | 53,517 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 183,584 | -13,841 | 7,163 | 8,283 | -31,848 | 53,517 |
mycardirect ltd Credit Report and Business Information
Mycardirect Ltd Competitor Analysis
Perform a competitor analysis for mycardirect ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in PE19 area or any other competitors across 12 key performance metrics.
mycardirect ltd Ownership
MYCARDIRECT LTD group structure
Mycardirect Ltd has no subsidiary companies.
mycardirect ltd directors
Mycardirect Ltd currently has 2 directors. The longest serving directors include Mr Colin Mather (Dec 2017) and Mr Mark Thompson (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Mather | United Kingdom | 62 years | Dec 2017 | - | Director |
| Mr Mark Thompson | 50 years | Aug 2024 | - | Director |
P&L
June 2023turnover
5.9m
+32%
operating profit
-123.9k
0%
gross margin
31%
+5.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-6.2m
+0.02%
total assets
4.9m
+0.31%
cash
206.9k
+7.89%
net assets
Total assets minus all liabilities
mycardirect ltd company details
company number
11124261
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
77120 - Renting and leasing of trucks
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
avalon vehicle rental ltd (January 2021)
accountant
SHAW GIBBS (AUDIT) LIMITED
auditor
-
address
3 colmworth business park, eaton socon, st. neots, PE19 8ER
Bank
-
Legal Advisor
-
mycardirect 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 2 charges/mortgages relating to mycardirect ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
mycardirect ltd 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.
Click to start generating capital raising & share issue transactions for MYCARDIRECT LTD. This can take several minutes, an email will notify you when this has completed.
mycardirect ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
