sports cars (england) acquisitions limited
sports cars (england) acquisitions limited Company Information
Company Number
11838903
Website
www.morgan-motor.comRegistered Address
c/o morgan motor company limited, pickersleigh road, malvern link, worcestershire, WR14 2LL
Industry
Manufacture of motor vehicles
Telephone
01684573104
Next Accounts Due
18 days late
Group Structure
View All
Shareholders
sports cars (england) 1 limited 100%
sports cars (england) acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED at £0 based on a Turnover of £0 and 0.34x industry multiple (adjusted for size and gross margin).
sports cars (england) acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED at £1.5m based on an EBITDA of £548.4k and a 2.76x industry multiple (adjusted for size and gross margin).
sports cars (england) acquisitions limited Estimated Valuation
Pomanda estimates the enterprise value of SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED at £0 based on Net Assets of £-19.6m and 1.81x industry multiple (adjusted for liquidity).
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Sports Cars (england) Acquisitions Limited Overview
Sports Cars (england) Acquisitions Limited is a live company located in malvern link, WR14 2LL with a Companies House number of 11838903. It operates in the manufacture of motor vehicles sector, SIC Code 29100. Founded in February 2019, it's largest shareholder is sports cars (england) 1 limited with a 100% stake. Sports Cars (england) Acquisitions Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Sports Cars (england) Acquisitions Limited Health Check
There is insufficient data available to calculate a health check for Sports Cars (England) Acquisitions Limited. Company Health Check FAQs
0 Strong
0 Regular
4 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Sports Cars (england) Acquisitions Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Sports Cars (england) Acquisitions Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 3 employees, this is below the industry average (474)
- - Sports Cars (england) Acquisitions Limited
- - Industry AVG
Pay Structure
on an average salary of £327k, the company has a higher pay structure (£48.9k)
- - Sports Cars (england) Acquisitions Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
- - Sports Cars (england) Acquisitions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.6%, this is a higher level of debt than the average (80.4%)
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- - Industry AVG
SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED financials
Sports Cars (England) Acquisitions Limited's latest turnover from December 2022 is 0 and the company has net assets of -£19.6 million. According to their latest financial statements, Sports Cars (England) Acquisitions Limited has 3 employees and maintains cash reserves of £2.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 |
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | 472,918 | 17,217 | -10,200 | -482,828 |
| Interest Payable | 9,366,998 | 8,316,486 | 7,403,673 | 4,976,399 |
| Interest Receivable | 890 | 738 | 144 | 182 |
| Pre-Tax Profit | -8,893,190 | -8,298,531 | -7,413,729 | -5,459,045 |
| Tax | 1,741,628 | 1,632,613 | 1,773,126 | 630,006 |
| Profit After Tax | -7,151,562 | -6,665,918 | -5,640,603 | -4,829,039 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -7,151,562 | -6,665,918 | -5,640,603 | -4,829,039 |
| Employee Costs | 980,984 | 436,071 | 337,765 | 542,227 |
| Number Of Employees | 3 | 2 | 2 | 2 |
| EBITDA* | 548,449 | 92,748 | -10,200 | -482,828 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 48,665,343 | 48,665,343 | 48,665,343 | 48,665,343 |
| Debtors (Due After 1 year) | 424,090 | 196,946 | 76,047 | 630,006 |
| Total Fixed Assets | 49,089,433 | 48,862,289 | 48,741,390 | 49,295,349 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 9,142,889 | 7,499,838 | 7,378,717 | 7,441,132 |
| Misc Debtors | 14,015 | 13,585 | 54,420 | 0 |
| Cash | 2,439 | 50,473 | 30,308 | 120,968 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 9,159,343 | 7,563,896 | 7,463,445 | 7,562,100 |
| total assets | 58,248,776 | 56,426,185 | 56,204,835 | 56,857,449 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 78 | 78 | 754 | 6,877 |
| Group/Directors Accounts | 304,129 | 266,292 | 267,200 | 75,797 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,186,815 | 103,017 | 18,934 | 292,732 |
| total current liabilities | 1,491,022 | 369,387 | 286,888 | 375,406 |
| loans | 76,354,886 | 68,502,368 | 61,697,599 | 56,621,092 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 76,354,886 | 68,502,368 | 61,697,599 | 56,621,092 |
| total liabilities | 77,845,908 | 68,871,755 | 61,984,487 | 56,996,498 |
| net assets | -19,597,132 | -12,445,570 | -5,779,652 | -139,049 |
| total shareholders funds | -19,597,132 | -12,445,570 | -5,779,652 | -139,049 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 472,918 | 17,217 | -10,200 | -482,828 |
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 75,531 | 75,531 | 0 | 0 |
| Tax | 1,741,628 | 1,632,613 | 1,773,126 | 630,006 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 1,870,625 | 201,185 | -561,954 | 8,071,138 |
| Creditors | 0 | -676 | -6,123 | 6,877 |
| Accruals and Deferred Income | 1,083,798 | 84,083 | -273,798 | 292,732 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,503,250 | 1,607,583 | 2,044,959 | -7,624,351 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 48,665,343 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 37,837 | -908 | 191,403 | 75,797 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 7,852,518 | 6,804,769 | 5,076,507 | 56,621,092 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -9,366,108 | -8,315,748 | -7,403,529 | -4,976,217 |
| cash flow from financing | -1,475,753 | -1,511,887 | -2,135,619 | 56,410,662 |
| cash and cash equivalents | ||||
| cash | -48,034 | 20,165 | -90,660 | 120,968 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -48,034 | 20,165 | -90,660 | 120,968 |
sports cars (england) acquisitions limited Credit Report and Business Information
Sports Cars (england) Acquisitions Limited Competitor Analysis
Perform a competitor analysis for sports cars (england) acquisitions limited by selecting its closest rivals, whether from the MANUFACTURING sector, other young companies, companies in WR14 area or any other competitors across 12 key performance metrics.
sports cars (england) acquisitions limited Ownership
SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED group structure
Sports Cars (England) Acquisitions Limited has 1 subsidiary company.
Ultimate parent company
SPORTS CARS (ENGLAND) COMBINED SCA
#0117185
2 parents
SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED
11838903
1 subsidiary
sports cars (england) acquisitions limited directors
Sports Cars (England) Acquisitions Limited currently has 3 directors. The longest serving directors include Mr Colin Boden (Apr 2019) and Mr Massimo Fumarola (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Boden | 40 years | Apr 2019 | - | Director | |
| Mr Massimo Fumarola | 55 years | Apr 2022 | - | Director | |
| Mr Massimo Fumarola | 55 years | Apr 2022 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
472.9k
+2647%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-19.6m
+0.57%
total assets
58.2m
+0.03%
cash
2.4k
-0.95%
net assets
Total assets minus all liabilities
Similar Companies
sports cars (england) acquisitions limited company details
company number
11838903
Type
Private limited with Share Capital
industry
29100 - Manufacture of motor vehicles
incorporation date
February 2019
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
c/o morgan motor company limited, pickersleigh road, malvern link, worcestershire, WR14 2LL
Bank
-
Legal Advisor
-
sports cars (england) acquisitions 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 found 2 charges/mortgages relating to sports cars (england) acquisitions limited. Currently there are 2 open charges and 0 have been satisfied in the past.
sports cars (england) acquisitions limited Companies House Filings - See Documents
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