Pomanda estimates the enterprise value of VIDAK SERVICE CENTRE LTD at £56.3k based on a Turnover of £219.3k and 0.26x industry multiple (adjusted for size and gross margin).
vidak service centre ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of VIDAK SERVICE CENTRE LTD at £0 based on an EBITDA of £-25.8k and a 3.73x industry multiple (adjusted for size and gross margin).
vidak service centre ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of VIDAK SERVICE CENTRE LTD at £0 based on Net Assets of £-5.4k and 2.79x industry multiple (adjusted for liquidity).
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Vidak Service Centre LtdOverview
Vidak Service Centre Ltd is a live company located in nuneaton, CV11 5DU with a Companies House number of 13221823. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in February 2021, it's largest shareholder is
dean james lake
with a 100% stake. Vidak Service Centre Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£219.3k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Vidak Service Centre Ltd a 2.5 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
Health Rating2.5out of 5
2 Strong
4 Regular
5 Weak
Size
annual sales of £219.3k, make it smaller than the average company (£342.9k)
£219.3k - Vidak Service Centre Ltd
£342.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Vidak Service Centre Ltd
- - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)
36.3% - Vidak Service Centre Ltd
36.3% - Industry AVG
Profitability
an operating margin of -12.5% make it less profitable than the average company (6.3%)
-12.5% - Vidak Service Centre Ltd
6.3% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (5)
6 - Vidak Service Centre Ltd
5 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has an equivalent pay structure (£27.5k)
£27.5k - Vidak Service Centre Ltd
£27.5k - Industry AVG
Efficiency
resulting in sales per employee of £36.5k, this is less efficient (£99.9k)
£36.5k - Vidak Service Centre Ltd
£99.9k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (35 days)
15 days - Vidak Service Centre Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (43 days)
33 days - Vidak Service Centre Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (24 days)
10 days - Vidak Service Centre Ltd
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 16 weeks, this is average cash available to meet short term requirements (17 weeks)
16 weeks - Vidak Service Centre Ltd
17 weeks - 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 (66.6%)
115.5% - Vidak Service Centre Ltd
66.6% - Industry AVG
VIDAK SERVICE CENTRE LTD financials
EXPORT
Vidak Service Centre Ltd's latest turnover from February 2024 is estimated at £219.3 thousand and the company has net assets of -£5.4 thousand. According to their latest financial statements, Vidak Service Centre Ltd has 6 employees and maintains cash reserves of £12.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Turnover
219,264
245,954
256,422
Other Income Or Grants
Cost Of Sales
139,725
161,028
169,905
Gross Profit
79,539
84,926
86,517
Admin Expenses
106,915
65,182
80,672
Operating Profit
-27,376
19,744
5,845
Interest Payable
Interest Receivable
785
550
24
Pre-Tax Profit
-26,591
20,294
5,869
Tax
-3,856
-1,115
Profit After Tax
-26,591
16,438
4,754
Dividends Paid
Retained Profit
-26,591
16,438
4,754
Employee Costs
164,757
160,109
161,755
Number Of Employees
6
6
6
EBITDA*
-25,828
21,674
6,809
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Tangible Assets
5,177
6,725
8,655
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
614
Total Fixed Assets
5,791
6,725
8,655
Stock & work in progress
4,000
4,000
4,000
Trade Debtors
9,385
22,955
26,011
Group Debtors
15,105
Misc Debtors
3,432
Cash
12,200
17,706
9,785
misc current assets
total current assets
29,017
59,766
39,796
total assets
34,808
66,491
48,451
Bank overdraft
Bank loan
Trade Creditors
12,917
11,112
12,762
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
26,304
32,907
29,289
total current liabilities
39,221
44,019
42,051
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
984
1,278
1,644
total long term liabilities
984
1,278
1,644
total liabilities
40,205
45,297
43,695
net assets
-5,397
21,194
4,756
total shareholders funds
-5,397
21,194
4,756
Feb 2024
Feb 2023
Feb 2022
Operating Activities
Operating Profit
-27,376
19,744
5,845
Depreciation
1,548
1,930
964
Amortisation
Tax
-3,856
-1,115
Stock
4,000
Debtors
-24,629
12,049
26,011
Creditors
1,805
-1,650
12,762
Accruals and Deferred Income
-6,603
3,618
29,289
Deferred Taxes & Provisions
-294
-366
1,644
Cash flow from operations
-6,291
7,371
19,378
Investing Activities
capital expenditure
-9,619
Change in Investments
cash flow from investments
-9,619
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
2
interest
785
550
24
cash flow from financing
785
550
26
cash and cash equivalents
cash
-5,506
7,921
9,785
overdraft
change in cash
-5,506
7,921
9,785
vidak service centre ltd 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 vidak service centre ltd. Get real-time insights into vidak service centre ltd's credit score, group structure and payment trends.
Perform a competitor analysis for vidak service centre 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 CV11 area or any other competitors across 12 key performance metrics.
vidak service centre ltd Ownership
VIDAK SERVICE CENTRE LTD group structure
Vidak Service Centre Ltd has no subsidiary companies.
Ultimate parent company
VIDAK SERVICE CENTRE LTD
13221823
VIDAK SERVICE CENTRE LTD Shareholders
The sole shareholder of Vidak Service Centre Ltd is Dean James Lake.
dean james lake
100%
vidak service centre ltd directors
Vidak Service Centre Ltd currently has 1 director, Mr Dean Lake serving since Feb 2021.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024
net assets
-5.4k
-1.25%
total assets
34.8k
-0.48%
cash
12.2k
-0.31%
net assets
Total assets minus all liabilities
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vidak service centre ltd company details
company number
13221823
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
February 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
53 midland road, nuneaton, CV11 5DU
Bank
-
Legal Advisor
-
vidak service centre 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 vidak service centre ltd.
vidak service centre 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.
Click to start generating capital raising & share issue transactions for VIDAK SERVICE CENTRE LTD. This can take several minutes, an email will notify you when this has completed.
vidak service centre ltdCompanies House Filings - See Documents
