var logistics ltd
var logistics ltd Company Information
Company Number
12625559
Website
-Registered Address
plot c supergas ind est, downs road, witney, OX29 0SZ
Industry
Freight transport by road
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Directors
Paul Newport4 Years
Shareholders
paul newport 51%
roger alder 49%
var logistics ltd Estimated Valuation
Pomanda estimates the enterprise value of VAR LOGISTICS LTD at £811.5k based on a Turnover of £2.3m and 0.36x industry multiple (adjusted for size and gross margin).
var logistics ltd Estimated Valuation
Pomanda estimates the enterprise value of VAR LOGISTICS LTD at £0 based on an EBITDA of £-65.7k and a 3.26x industry multiple (adjusted for size and gross margin).
var logistics ltd Estimated Valuation
Pomanda estimates the enterprise value of VAR LOGISTICS LTD at £0 based on Net Assets of £-99.6k and 2.51x industry multiple (adjusted for liquidity).
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Var Logistics Ltd Overview
Var Logistics Ltd is a live company located in witney, OX29 0SZ with a Companies House number of 12625559. It operates in the freight transport by road sector, SIC Code 49410. Founded in May 2020, it's largest shareholder is paul newport with a 51% stake. Var Logistics Ltd is a startup, small sized company, Pomanda has estimated its turnover at £2.3m with unknown growth in recent years.
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Var Logistics Ltd Health Check
Pomanda's financial health check has awarded Var Logistics Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£8.8m)
- Var Logistics Ltd
£8.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Var Logistics Ltd
- - Industry AVG
Production
with a gross margin of 14.5%, this company has a higher cost of product (21.6%)
- Var Logistics Ltd
21.6% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (5.7%)
- Var Logistics Ltd
5.7% - Industry AVG
Employees
with 12 employees, this is below the industry average (58)
12 - Var Logistics Ltd
58 - Industry AVG
Pay Structure
on an average salary of £39.5k, the company has an equivalent pay structure (£39.5k)
- Var Logistics Ltd
£39.5k - Industry AVG
Efficiency
resulting in sales per employee of £188.7k, this is more efficient (£132.5k)
- Var Logistics Ltd
£132.5k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (52 days)
- Var Logistics Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (30 days)
- Var Logistics Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Var Logistics Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Var Logistics Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.5%, this is a higher level of debt than the average (62.1%)
115.5% - Var Logistics Ltd
62.1% - Industry AVG
VAR LOGISTICS LTD financials
Var Logistics Ltd's latest turnover from May 2023 is estimated at £2.3 million and the company has net assets of -£99.6 thousand. According to their latest financial statements, Var Logistics Ltd has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| 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 | 12 | 12 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Tangible Assets | 268,189 | 116,669 | 13,125 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 268,189 | 116,669 | 13,125 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 374,483 | 272,362 | 19,973 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 711 |
| Cash | 0 | 0 | 27,363 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 374,483 | 272,362 | 48,047 |
| total assets | 642,672 | 389,031 | 61,172 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 569,349 | 320,076 | 4,123 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 500 |
| total current liabilities | 569,349 | 320,076 | 4,623 |
| loans | 0 | 0 | 50,000 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 172,885 | 102,776 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 172,885 | 102,776 | 50,000 |
| total liabilities | 742,234 | 422,852 | 54,623 |
| net assets | -99,562 | -33,821 | 6,549 |
| total shareholders funds | -99,562 | -33,821 | 6,549 |
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 38,890 | ||
| Amortisation | 0 | ||
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 102,121 | 251,678 | 20,684 |
| Creditors | 249,273 | 315,953 | 4,123 |
| Accruals and Deferred Income | 0 | -500 | 500 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | -50,000 | 50,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 70,109 | 102,776 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | -27,363 | 27,363 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | -27,363 | 27,363 |
var logistics ltd Credit Report and Business Information
Var Logistics Ltd Competitor Analysis
Perform a competitor analysis for var logistics ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in OX29 area or any other competitors across 12 key performance metrics.
var logistics ltd Ownership
VAR LOGISTICS LTD group structure
Var Logistics Ltd has no subsidiary companies.
Ultimate parent company
VAR LOGISTICS LTD
12625559
var logistics ltd directors
Var Logistics Ltd currently has 1 director, Mr Paul Newport serving since May 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Newport | England | 49 years | May 2020 | - | Director |
P&L
May 2023turnover
2.3m
+58%
operating profit
-65.7k
0%
gross margin
14.5%
+1.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-99.6k
+1.94%
total assets
642.7k
+0.65%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
var logistics ltd company details
company number
12625559
Type
Private limited with Share Capital
industry
49410 - Freight transport by road
incorporation date
May 2020
age
4
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
May 2023
address
plot c supergas ind est, downs road, witney, OX29 0SZ
accountant
-
auditor
-
var logistics 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 1 charges/mortgages relating to var logistics ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
var logistics ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
