flexible motor contracts ltd
flexible motor contracts ltd Company Information
Company Number
11134583
Website
www.flex-mc.comRegistered Address
88 bellamy drive, stanmore, HA7 2DA
Industry
Sale of used cars and light motor vehicles
Renting and leasing of cars and light motor vehicles
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
giovanni benvenga 50%
ali mupemba johnson 50%
flexible motor contracts ltd Estimated Valuation
Pomanda estimates the enterprise value of FLEXIBLE MOTOR CONTRACTS LTD at £1.9m based on a Turnover of £3.9m and 0.49x industry multiple (adjusted for size and gross margin).
flexible motor contracts ltd Estimated Valuation
Pomanda estimates the enterprise value of FLEXIBLE MOTOR CONTRACTS LTD at £171.3k based on an EBITDA of £55.3k and a 3.1x industry multiple (adjusted for size and gross margin).
flexible motor contracts ltd Estimated Valuation
Pomanda estimates the enterprise value of FLEXIBLE MOTOR CONTRACTS LTD at £66.5k based on Net Assets of £89.6k and 0.74x industry multiple (adjusted for liquidity).
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Flexible Motor Contracts Ltd Overview
Flexible Motor Contracts Ltd is a live company located in stanmore, HA7 2DA with a Companies House number of 11134583. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in January 2018, it's largest shareholder is giovanni benvenga with a 50% stake. Flexible Motor Contracts Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.9m with unknown growth in recent years.
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Flexible Motor Contracts Ltd Health Check
Pomanda's financial health check has awarded Flexible Motor Contracts Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£5.2m)
- Flexible Motor Contracts Ltd
£5.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Flexible Motor Contracts Ltd
- - Industry AVG
Production
with a gross margin of 23%, this company has a comparable cost of product (23%)
- Flexible Motor Contracts Ltd
23% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (9%)
- Flexible Motor Contracts Ltd
9% - Industry AVG
Employees
with 5 employees, this is below the industry average (18)
5 - Flexible Motor Contracts Ltd
18 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has an equivalent pay structure (£35.7k)
- Flexible Motor Contracts Ltd
£35.7k - Industry AVG
Efficiency
resulting in sales per employee of £782k, this is more efficient (£351.5k)
- Flexible Motor Contracts Ltd
£351.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Flexible Motor Contracts Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (20 days)
- Flexible Motor Contracts Ltd
20 days - Industry AVG
Stock Days
it holds stock equivalent to 111 days, this is more than average (39 days)
- Flexible Motor Contracts Ltd
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)
2 weeks - Flexible Motor Contracts Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.5%, this is a higher level of debt than the average (73.8%)
92.5% - Flexible Motor Contracts Ltd
73.8% - Industry AVG
FLEXIBLE MOTOR CONTRACTS LTD financials
Flexible Motor Contracts Ltd's latest turnover from January 2023 is estimated at £3.9 million and the company has net assets of £89.6 thousand. According to their latest financial statements, Flexible Motor Contracts Ltd has 5 employees and maintains cash reserves of £27.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| 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 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 118,341 | 14,199 | 17,699 | 47,892 | 37,856 |
| 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 | 118,341 | 14,199 | 17,699 | 47,892 | 37,856 |
| Stock & work in progress | 923,504 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 479,369 | 128,309 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 120,357 | 0 | 0 | 9,410 | 0 |
| Cash | 27,895 | 0 | 0 | 828 | 36 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,071,756 | 479,369 | 128,309 | 10,238 | 36 |
| total assets | 1,190,097 | 493,568 | 146,008 | 58,130 | 37,892 |
| Bank overdraft | 0 | 0 | 0 | 0 | 278 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 65,040 | 151,876 | 37,956 | 0 | 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 | 437,304 | 0 | 0 | 24,940 | 36,413 |
| total current liabilities | 502,344 | 151,876 | 37,956 | 24,940 | 36,691 |
| loans | 34,027 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 564,122 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 268,656 | 50,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 598,149 | 268,656 | 50,000 | 0 | 0 |
| total liabilities | 1,100,493 | 420,532 | 87,956 | 24,940 | 36,691 |
| net assets | 89,604 | 73,036 | 58,052 | 33,190 | 1,201 |
| total shareholders funds | 89,604 | 73,036 | 58,052 | 33,190 | 1,201 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 33,720 | 5,700 | 15,964 | 12,619 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | 923,504 | 0 | 0 | 0 | 0 |
| Debtors | -359,012 | 351,060 | 118,899 | 9,410 | 0 |
| Creditors | -86,836 | 113,920 | 37,956 | 0 | 0 |
| Accruals and Deferred Income | 437,304 | 0 | -24,940 | -11,473 | 36,413 |
| 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 | 34,027 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 564,122 | 0 | 0 | 0 | 0 |
| other long term liabilities | -268,656 | 218,656 | 50,000 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 27,895 | 0 | -828 | 792 | 36 |
| overdraft | 0 | 0 | 0 | -278 | 278 |
| change in cash | 27,895 | 0 | -828 | 1,070 | -242 |
flexible motor contracts ltd Credit Report and Business Information
Flexible Motor Contracts Ltd Competitor Analysis
Perform a competitor analysis for flexible motor contracts ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HA7 area or any other competitors across 12 key performance metrics.
flexible motor contracts ltd Ownership
FLEXIBLE MOTOR CONTRACTS LTD group structure
Flexible Motor Contracts Ltd has no subsidiary companies.
Ultimate parent company
FLEXIBLE MOTOR CONTRACTS LTD
11134583
flexible motor contracts ltd directors
Flexible Motor Contracts Ltd currently has 2 directors. The longest serving directors include Mr Giovanni Benvenga (Jan 2018) and Mr Ali Johnson (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Giovanni Benvenga | England | 34 years | Jan 2018 | - | Director |
| Mr Ali Johnson | United Kingdom | 40 years | Jan 2024 | - | Director |
P&L
January 2023turnover
3.9m
+15%
operating profit
21.6k
0%
gross margin
23%
+10.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
89.6k
+0.23%
total assets
1.2m
+1.41%
cash
27.9k
0%
net assets
Total assets minus all liabilities
flexible motor contracts ltd company details
company number
11134583
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
January 2018
age
6
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
88 bellamy drive, stanmore, HA7 2DA
accountant
-
auditor
-
flexible motor contracts 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 flexible motor contracts ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
flexible motor contracts ltd Companies House Filings - See Documents
| date | description | view/download |
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