vertex cars ltd

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vertex cars ltd Company Information

Share VERTEX CARS LTD

Company Number

11736010

Directors

Rana Farooq

Shareholders

rana imran farooq

Group Structure

View All

Industry

Renting and leasing of cars and light motor vehicles

 +1

Registered Address

langley railway station yard, station road, slough, berkshire, SL3 6DB

vertex cars ltd Estimated Valuation

£347.2k

Pomanda estimates the enterprise value of VERTEX CARS LTD at £347.2k based on a Turnover of £816.9k and 0.43x industry multiple (adjusted for size and gross margin).

vertex cars ltd Estimated Valuation

£184.6k

Pomanda estimates the enterprise value of VERTEX CARS LTD at £184.6k based on an EBITDA of £68k and a 2.71x industry multiple (adjusted for size and gross margin).

vertex cars ltd Estimated Valuation

£706.6k

Pomanda estimates the enterprise value of VERTEX CARS LTD at £706.6k based on Net Assets of £261.3k and 2.7x industry multiple (adjusted for liquidity).

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Vertex Cars Ltd Overview

Vertex Cars Ltd is a live company located in slough, SL3 6DB with a Companies House number of 11736010. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in December 2018, it's largest shareholder is rana imran farooq with a 100% stake. Vertex Cars Ltd is a young, small sized company, Pomanda has estimated its turnover at £816.9k with declining growth in recent years.

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Vertex Cars Ltd Health Check

Pomanda's financial health check has awarded Vertex Cars Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £816.9k, make it smaller than the average company (£6.6m)

£816.9k - Vertex Cars Ltd

£6.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8.6%)

0% - Vertex Cars Ltd

8.6% - Industry AVG

production

Production

with a gross margin of 12.9%, this company has a higher cost of product (21.7%)

12.9% - Vertex Cars Ltd

21.7% - Industry AVG

profitability

Profitability

an operating margin of 1.2% make it less profitable than the average company (7.2%)

1.2% - Vertex Cars Ltd

7.2% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (20)

4 - Vertex Cars Ltd

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.1k, the company has an equivalent pay structure (£37.1k)

£37.1k - Vertex Cars Ltd

£37.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £204.2k, this is less efficient (£356.4k)

£204.2k - Vertex Cars Ltd

£356.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is near the average (21 days)

20 days - Vertex Cars Ltd

21 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 215 days, this is slower than average (19 days)

215 days - Vertex Cars Ltd

19 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 36 days, this is in line with average (40 days)

36 days - Vertex Cars Ltd

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)

0 weeks - Vertex Cars Ltd

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 61.6%, this is a lower level of debt than the average (73.6%)

61.6% - Vertex Cars Ltd

73.6% - Industry AVG

VERTEX CARS LTD financials

EXPORTms excel logo

Vertex Cars Ltd's latest turnover from November 2023 is estimated at £816.9 thousand and the company has net assets of £261.3 thousand. According to their latest financial statements, Vertex Cars Ltd has 4 employees and maintains cash reserves of £5.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Dec 2019
Turnover816,872622,746715,918824,083660,685
Other Income Or Grants00000
Cost Of Sales711,795541,293644,891736,918588,099
Gross Profit105,07781,45371,02887,16572,586
Admin Expenses95,618-141,417-2,00268,19874,552
Operating Profit9,459222,87073,03018,967-1,966
Interest Payable00000
Interest Receivable6655761550
Pre-Tax Profit10,124223,44673,04418,972-1,966
Tax-2,531-42,455-13,878-3,6050
Profit After Tax7,593180,99159,16615,367-1,966
Dividends Paid00000
Retained Profit7,593180,99159,16615,367-1,966
Employee Costs148,508141,839128,22564,24165,925
Number Of Employees44422
EBITDA*68,015274,699105,17318,967-1,966

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Dec 2019
Tangible Assets557,002466,462289,29100
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets557,002466,462289,29100
Stock & work in progress71,561114,360160,901293,0370
Trade Debtors46,48150,62434,01611,885135,175
Group Debtors00000
Misc Debtors0022,51217,3000
Cash5,82019,50618,86510,1670
misc current assets00000
total current assets123,862184,490236,294332,389135,175
total assets680,864650,952525,585332,389135,175
Bank overdraft00000
Bank loan00000
Trade Creditors 419,613201,756269,337131,783137,141
Group/Directors Accounts00090,8430
other short term finances00000
hp & lease commitments00000
other current liabilities0195,538183,58196,2620
total current liabilities419,613397,294452,918318,888137,141
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities00000
total liabilities419,613397,294452,918318,888137,141
net assets261,251253,65872,66713,501-1,966
total shareholders funds261,251253,65872,66713,501-1,966
Nov 2023Nov 2022Nov 2021Nov 2020Dec 2019
Operating Activities
Operating Profit9,459222,87073,03018,967-1,966
Depreciation58,55651,82932,14300
Amortisation00000
Tax-2,531-42,455-13,878-3,6050
Stock-42,799-46,541-132,136293,0370
Debtors-4,143-5,90427,343-105,990135,175
Creditors217,857-67,581137,554-5,358137,141
Accruals and Deferred Income-195,53811,95787,31996,2620
Deferred Taxes & Provisions00000
Cash flow from operations134,745229,065420,961-80,7810
Investing Activities
capital expenditure-149,096-229,000-321,43400
Change in Investments00000
cash flow from investments-149,096-229,000-321,43400
Financing Activities
Bank loans00000
Group/Directors Accounts00-90,84390,8430
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue0001000
interest6655761550
cash flow from financing665576-90,82890,9480
cash and cash equivalents
cash-13,6866418,69810,1670
overdraft00000
change in cash-13,6866418,69810,1670

vertex cars ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vertex Cars Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for vertex cars 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 SL3 area or any other competitors across 12 key performance metrics.

vertex cars ltd Ownership

VERTEX CARS LTD group structure

Vertex Cars Ltd has no subsidiary companies.

Ultimate parent company

VERTEX CARS LTD

11736010

VERTEX CARS LTD Shareholders

rana imran farooq 100%

vertex cars ltd directors

Vertex Cars Ltd currently has 1 director, Mr Rana Farooq serving since Mar 2020.

officercountryagestartendrole
Mr Rana FarooqEngland40 years Mar 2020- Director

P&L

November 2023

turnover

816.9k

+31%

operating profit

9.5k

0%

gross margin

12.9%

-1.65%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2023

net assets

261.3k

+0.03%

total assets

680.9k

+0.05%

cash

5.8k

-0.7%

net assets

Total assets minus all liabilities

vertex cars ltd company details

company number

11736010

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

45112 - Sale of used cars and light motor vehicles

incorporation date

December 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

langley railway station yard, station road, slough, berkshire, SL3 6DB

Bank

-

Legal Advisor

-

vertex 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 vertex cars ltd.

vertex 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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vertex cars ltd Companies House Filings - See Documents

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