eco settle cars ltd
eco settle cars ltd Company Information
Company Number
11308544
Next Accounts
807 days late
Shareholders
bradley joseph thompson
mark ritchie
Group Structure
View All
Industry
Sale of used cars and light motor vehicles
Registered Address
fortis insolvency limited, 683-693 wilmslow road, manchester, M20 6RE
Website
www.ecosettlecars.co.ukeco settle cars ltd Estimated Valuation
Pomanda estimates the enterprise value of ECO SETTLE CARS LTD at £15.4k based on a Turnover of £77.6k and 0.2x industry multiple (adjusted for size and gross margin).
eco settle cars ltd Estimated Valuation
Pomanda estimates the enterprise value of ECO SETTLE CARS LTD at £0 based on an EBITDA of £-51.5k and a 3.1x industry multiple (adjusted for size and gross margin).
eco settle cars ltd Estimated Valuation
Pomanda estimates the enterprise value of ECO SETTLE CARS LTD at £0 based on Net Assets of £-7.2k and 2.73x industry multiple (adjusted for liquidity).
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Eco Settle Cars Ltd Overview
Eco Settle Cars Ltd is a live company located in manchester, M20 6RE with a Companies House number of 11308544. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in April 2018, it's largest shareholder is bradley joseph thompson with a 50% stake. Eco Settle Cars Ltd is a young, micro sized company, Pomanda has estimated its turnover at £77.6k with unknown growth in recent years.
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Eco Settle Cars Ltd Health Check
Pomanda's financial health check has awarded Eco Settle Cars Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
7 Weak
Size
annual sales of £77.6k, make it smaller than the average company (£2.5m)
- Eco Settle Cars Ltd
£2.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Eco Settle Cars Ltd
- - Industry AVG
Production
with a gross margin of 6.3%, this company has a higher cost of product (10.7%)
- Eco Settle Cars Ltd
10.7% - Industry AVG
Profitability
an operating margin of -66.4% make it less profitable than the average company (2.8%)
- Eco Settle Cars Ltd
2.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (10)
1 - Eco Settle Cars Ltd
10 - Industry AVG
Pay Structure
on an average salary of £28.7k, the company has an equivalent pay structure (£28.7k)
- Eco Settle Cars Ltd
£28.7k - Industry AVG
Efficiency
resulting in sales per employee of £77.6k, this is less efficient (£326.9k)
- Eco Settle Cars Ltd
£326.9k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is later than average (11 days)
- Eco Settle Cars Ltd
11 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Eco Settle Cars Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Eco Settle Cars Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Eco Settle Cars Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.7%, this is a higher level of debt than the average (71.9%)
108.7% - Eco Settle Cars Ltd
71.9% - Industry AVG
ECO SETTLE CARS LTD financials
Eco Settle Cars Ltd's latest turnover from April 2021 is estimated at £77.6 thousand and the company has net assets of -£7.2 thousand. According to their latest financial statements, Eco Settle Cars Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2021 | Apr 2020 | Apr 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 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|
| Tangible Assets | 72,845 | 41,000 | |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 72,845 | 41,000 | |
| Stock & work in progress | |||
| Trade Debtors | 4,352 | 5,300 | |
| Group Debtors | |||
| Misc Debtors | |||
| Cash | |||
| misc current assets | 5,635 | 41,009 | |
| total current assets | 9,987 | 46,309 | |
| total assets | 82,832 | 87,309 | |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | |||
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | |||
| total current liabilities | |||
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | 89,997 | 43,000 | |
| provisions | |||
| total long term liabilities | 89,997 | 43,000 | |
| total liabilities | 89,997 | 43,000 | |
| net assets | -7,165 | 44,309 | |
| total shareholders funds | -7,165 | 44,309 |
| Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | -948 | 5,300 | |
| Creditors | |||
| Accruals and Deferred Income | |||
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | 46,997 | 43,000 | |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | |||
| overdraft | |||
| change in cash |
eco settle cars ltd Credit Report and Business Information
Eco Settle Cars Ltd Competitor Analysis
Perform a competitor analysis for eco settle cars ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in M20 area or any other competitors across 12 key performance metrics.
eco settle cars ltd Ownership
ECO SETTLE CARS LTD group structure
Eco Settle Cars Ltd has no subsidiary companies.
Ultimate parent company
ECO SETTLE CARS LTD
11308544
eco settle cars ltd directors
Eco Settle Cars Ltd currently has 2 directors. The longest serving directors include Mr Mark Ritchie (Apr 2018) and Mr Bradley Thompson (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Ritchie | United Kingdom | 45 years | Apr 2018 | - | Director |
| Mr Bradley Thompson | 38 years | Feb 2019 | - | Director |
P&L
April 2021turnover
77.6k
-16%
operating profit
-51.5k
0%
gross margin
6.4%
-8.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2021net assets
-7.2k
-1.16%
total assets
82.8k
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
eco settle cars ltd company details
company number
11308544
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2021
previous names
N/A
accountant
-
auditor
-
address
fortis insolvency limited, 683-693 wilmslow road, manchester, M20 6RE
Bank
-
Legal Advisor
-
eco settle cars 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 did not find charges/mortgages relating to eco settle cars ltd.
eco settle cars 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.
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eco settle cars ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
