Pomanda estimates the enterprise value of EVTEC AUTOMOTIVE LIMITED at £59.1m based on a Turnover of £61.2m and 0.96x industry multiple (adjusted for size and gross margin).
evtec automotive limitedEstimated Valuation
£15.4m
Pomanda estimates the enterprise value of EVTEC AUTOMOTIVE LIMITED at £15.4m based on an EBITDA of £2.4m and a 6.35x industry multiple (adjusted for size and gross margin).
evtec automotive limitedEstimated Valuation
£2.3m
Pomanda estimates the enterprise value of EVTEC AUTOMOTIVE LIMITED at £2.3m based on Net Assets of £1.2m and 1.96x industry multiple (adjusted for liquidity).
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Evtec Automotive LimitedOverview
Evtec Automotive Limited is a live company located in coventry, CV4 9AQ with a Companies House number of 12650654. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2020, it's largest shareholder is
david roberts
with a 100% stake. Evtec Automotive Limited is a young,
large sized company, Pomanda has estimated its turnover at
£61.2m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Evtec Automotive Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £61.2m, make it larger than the average company (£848.9k)
£61.2m - Evtec Automotive Limited
£848.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Evtec Automotive Limited
- - Industry AVG
Production
with a gross margin of 12.5%, this company has a higher cost of product (40%)
12.5% - Evtec Automotive Limited
40% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (5.8%)
3.6% - Evtec Automotive Limited
5.8% - Industry AVG
Employees
with 153 employees, this is above the industry average (14)
153 - Evtec Automotive Limited
14 - Industry AVG
Pay Structure
on an average salary of £37.7k, the company has a higher pay structure (£29k)
£37.7k - Evtec Automotive Limited
£29k - Industry AVG
Efficiency
resulting in sales per employee of £400.3k, this is more efficient (£73.3k)
£400.3k - Evtec Automotive Limited
£73.3k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (28 days)
26 days - Evtec Automotive Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (37 days)
12 days - Evtec Automotive Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (32 days)
22 days - Evtec Automotive Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (57 weeks)
0 weeks - Evtec Automotive Limited
57 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (38%)
91.2% - Evtec Automotive Limited
38% - Industry AVG
EVTEC AUTOMOTIVE LIMITED financials
EXPORT
Evtec Automotive Limited's latest turnover from March 2024 is £61.2 million and the company has net assets of £1.2 million. According to their latest financial statements, Evtec Automotive Limited has 153 employees and maintains cash reserves of £53.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Dec 2020
Turnover
61,244,368
48,170,118
71,278,482
Other Income Or Grants
Cost Of Sales
53,606,395
43,334,272
63,450,152
Gross Profit
7,637,973
4,835,846
7,828,330
Admin Expenses
5,406,569
4,181,491
5,837,112
Operating Profit
2,231,404
654,355
1,991,218
Interest Payable
954,334
1,451,835
1,817,983
Interest Receivable
Pre-Tax Profit
1,277,070
-797,480
173,235
Tax
-189,993
-3,707
-78,876
Profit After Tax
1,087,077
-801,187
94,359
Dividends Paid
Retained Profit
1,087,077
-801,187
94,359
Employee Costs
5,761,181
4,725,314
6,077,361
Number Of Employees
153
141
153
EBITDA*
2,424,420
776,807
2,074,353
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Dec 2020
Tangible Assets
3,623,319
3,494,526
3,663,474
Intangible Assets
1,820,755
1,911,479
1,428,272
Investments & Other
100
Debtors (Due After 1 year)
Total Fixed Assets
5,444,074
5,406,005
5,091,746
100
Stock & work in progress
3,234,106
3,782,454
3,714,760
Trade Debtors
4,379,288
4,399,640
4,034,240
Group Debtors
Misc Debtors
317,496
539,119
1,126,708
Cash
53,883
210,767
56,524
misc current assets
30,861
total current assets
8,015,634
8,966,439
8,932,232
total assets
13,459,708
14,372,444
14,023,978
100
Bank overdraft
Bank loan
4,587,459
5,299,581
6,480,927
Trade Creditors
1,779,276
2,351,025
2,203,025
Group/Directors Accounts
other short term finances
1,381,164
2,226,815
hp & lease commitments
30,910
32,101
7,337
other current liabilities
3,022,046
2,714,571
4,026,445
total current liabilities
10,800,855
12,624,093
12,717,734
loans
164,786
1,071,380
1,138,855
hp & lease commitments
82,393
109,911
9,556
Accruals and Deferred Income
82,486
other liabilities
1,291,387
1,229,345
provisions
195,510
134,074
total long term liabilities
1,471,535
1,832,072
1,211,785
total liabilities
12,272,390
14,456,165
13,929,519
net assets
1,187,318
-83,721
94,459
100
total shareholders funds
1,187,318
-83,721
94,459
100
Mar 2024
Mar 2023
Mar 2022
Dec 2020
Operating Activities
Operating Profit
2,231,404
654,355
1,991,218
Depreciation
89,577
70,729
83,135
Amortisation
103,439
51,723
Tax
-189,993
-3,707
-78,876
Stock
-548,348
67,694
3,714,760
Debtors
-241,975
-222,189
5,160,948
Creditors
-571,749
148,000
2,203,025
Accruals and Deferred Income
307,475
-1,394,360
4,108,931
Deferred Taxes & Provisions
61,436
134,074
Cash flow from operations
2,821,912
-184,691
-568,275
Investing Activities
capital expenditure
-231,085
-436,711
-5,174,881
Change in Investments
100
cash flow from investments
-231,085
-436,711
-5,174,881
-100
Financing Activities
Bank loans
-712,122
-1,181,346
6,480,927
Group/Directors Accounts
Other Short Term Loans
-845,651
2,226,815
Long term loans
-906,594
-67,475
1,138,855
Hire Purchase and Lease Commitments
-28,709
125,119
16,893
other long term liabilities
62,042
1,229,345
share issue
183,962
623,007
100
100
interest
-954,334
-1,451,835
-1,817,983
cash flow from financing
-3,201,406
1,503,630
5,818,792
100
cash and cash equivalents
cash
-156,884
154,243
56,524
overdraft
change in cash
-156,884
154,243
56,524
evtec automotive limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for evtec automotive limited. Get real-time insights into evtec automotive limited's credit score, group structure and payment trends.
Perform a competitor analysis for evtec automotive limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in CV4 area or any other competitors across 12 key performance metrics.
evtec automotive limited Ownership
EVTEC AUTOMOTIVE LIMITED group structure
Evtec Automotive Limited has no subsidiary companies.
Ultimate parent company
EVTEC AUTOMOTIVE LIMITED
12650654
EVTEC AUTOMOTIVE LIMITED Shareholders
The sole shareholder of Evtec Automotive Limited is David Roberts.
david roberts
100%
evtec automotive limited directors
Evtec Automotive Limited currently has 6 directors.
The longest serving directors include
Mr David Roberts (Jun 2020) and
Mr David Roberts (Jun 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
1.2m
-15.18%
total assets
13.5m
-0.06%
cash
53.9k
-0.74%
net assets
Total assets minus all liabilities
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evtec automotive limited company details
company number
12650654
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
rempower limited (December 2020)
remploy automotive ltd (June 2020)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
79 torrington avenue, coventry, CV4 9AQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
evtec automotive 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 3 charges/mortgages relating to evtec automotive limited. Currently there are 1 open charges and 2 have been satisfied in the past.
evtec automotive limited 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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evtec automotive limitedCompanies House Filings - See Documents
