Edwin May,limited

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edwin may,limited Company Information

Live

MatureLargeHealthy

Company Number

NI003528

Website

http://volkswagen.co.uk

Registered Address

71 belfast road, lurgan, craigavon, BT66 7JP

Industry

Sale of used cars and light motor vehicles

Sale of new cars and light motor vehicles

Telephone

02838332238

Next Accounts Due

June 2025

Group Structure

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Directors

William Hutchinson24 Years

Brian Hutchinson24 Years

Shareholders

roadside motors ltd 100%

edwin may,limited Estimated Valuation

£11.8m

Pomanda estimates the enterprise value of EDWIN MAY,LIMITED at £11.8m based on a Turnover of £40.7m and 0.29x industry multiple (adjusted for size and gross margin).

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Edwin May,limited is a live company located in craigavon, BT66 7JP with a Companies House number of NI003528. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in April 1955, it's largest shareholder is roadside motors ltd with a 100% stake. Edwin May,limited is a mature, large sized company, Pomanda has estimated its turnover at £40.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Edwin May,Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £40.7m, make it larger than the average company (£26.9m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.7%)

EXPORT

Edwin May,Limited's latest turnover from September 2023 is £40.7 million and the company has net assets of £3.6 million. According to their latest financial statements, Edwin May,Limited has 68 employees and maintains cash reserves of £350 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	40,737,571	31,165,411	32,203,014	27,803,387	34,675,801	34,186,632	32,661,931	30,756,475	32,756,093	30,159,659	25,702,241	21,960,390	21,095,501	22,846,193	20,970,808
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	39,337,948	29,475,254	30,413,108	26,524,876	32,980,007	32,395,806	31,051,972	29,124,807	31,189,141	28,460,474	24,122,528	20,472,256	19,578,198	21,213,357	19,062,545
Gross Profit	1,399,623	1,690,157	1,789,906	1,278,511	1,695,794	1,790,826	1,609,959	1,631,668	1,566,952	1,699,185	1,579,713	1,488,134	1,517,303	1,632,836	1,908,263
Admin Expenses	893,820	1,024,051	889,232	1,005,020	1,499,095	1,467,923	1,347,690	1,337,716	1,412,281	1,512,342	1,406,930	1,280,334	1,252,817	1,302,667	1,530,902
Operating Profit	505,803	666,106	900,674	273,491	196,699	322,903	262,269	293,952	154,671	186,843	172,783	207,800	264,486	330,169	377,361
Interest Payable	133,985	46,534	107,722	101,439	92,634	87,455	89,216	100,273	116,995	121,897	85,880	91,162	76,512	46,662	89,211
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	371,818	619,572	792,952	172,052	104,065	235,448	173,053	193,679	37,676	64,946	86,903	116,638	187,974	283,507	288,150
Tax	-98,828	-134,168	-176,590	-48,420	-36,699	-49,131	-49,087	-37,310	-25,567	-34,302	-35,456	-28,100	-50,018	-54,195	-98,839
Profit After Tax	272,990	485,404	616,362	123,632	67,366	186,317	123,966	156,369	12,109	30,644	51,447	88,538	137,956	229,312	189,311
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	500,000
Retained Profit	272,990	485,404	616,362	123,632	67,366	186,317	123,966	156,369	12,109	30,644	51,447	88,538	137,956	229,312	-310,689
Employee Costs	2,101,550	1,967,382	1,730,624	1,710,178	1,843,245	1,770,320	1,716,179	1,597,977	1,539,347	1,455,706	1,380,589	1,338,791	1,225,673	1,211,534	1,171,836
Number Of Employees	68	68	70	70	73	72	72	68	68	67	68	63	55	55	54
EBITDA*	630,469	784,228	1,021,838	397,580	321,437	453,699	395,737	419,874	316,671	335,210	204,582	229,599	281,242	349,364	407,983

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	711,765	785,703	834,820	928,345	1,010,869	1,108,553	1,225,642	1,058,907	1,154,634	1,296,967	916,703	231,711	109,693	108,773	127,968
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	711,765	785,703	834,820	928,345	1,010,869	1,108,553	1,225,642	1,058,907	1,154,634	1,296,967	916,703	231,711	109,693	108,773	127,968
Stock & work in progress	9,438,065	6,994,562	5,606,456	5,709,270	6,013,871	6,240,420	5,639,321	5,618,901	5,754,352	6,009,424	4,979,745	4,428,257	3,720,334	2,959,307	3,194,309
Trade Debtors	486,220	307,535	416,792	396,582	784,423	434,758	757,222	800,127	613,311	580,494	517,820	461,425	309,206	226,856	486,997
Group Debtors	484	1,140	12,725	0	50,016	0	12,920	0	75,627	26,461	4,841	282,644	418,680	77,892	0
Misc Debtors	282,953	59,648	126,002	109,064	115,454	82,995	138,291	112,110	108,608	89,258	251,185	146,581	147,322	131,966	181,036
Cash	350	261	380	585	702	860	926	1,177	492	598	735	967	251	17,928	432,808
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	10,208,072	7,363,146	6,162,355	6,215,501	6,964,466	6,759,033	6,548,680	6,532,315	6,552,390	6,706,235	5,754,326	5,319,874	4,595,793	3,413,949	4,295,150
total assets	10,919,837	8,148,849	6,997,175	7,143,846	7,975,335	7,867,586	7,774,322	7,591,222	7,707,024	8,003,202	6,671,029	5,551,585	4,705,486	3,522,722	4,423,118
Bank overdraft	2,130,142	680,570	1,087,125	1,101,824	1,472,596	1,138,866	1,505,206	1,390,273	1,028,012	1,300,427	670,412	172,163	124,768	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,539,818	3,129,474	2,246,408	2,943,393	3,732,327	3,673,802	3,147,597	3,265,829	3,647,171	3,601,976	3,395,248	3,119,087	2,848,333	1,709,611	2,381,414
Group/Directors Accounts	250,128	529,943	236,225	488,506	236,226	626,895	774,758	678,571	1,094,555	1,224,179	673,613	457,360	0	171,820	739,661
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	376,182	458,401	581,062	423,606	470,490	422,660	490,343	508,591	328,430	272,624	392,706	349,529	380,868	429,769	318,161
total current liabilities	7,296,270	4,798,388	4,150,820	4,957,329	5,911,639	5,862,223	5,917,904	5,843,264	6,098,168	6,399,206	5,131,979	4,098,139	3,353,969	2,311,200	3,439,236
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	72,253	72,137	53,435	9,959	10,770	19,803	57,175	72,681	89,948	97,197	62,895	28,736	15,347	13,308	14,980
total long term liabilities	72,253	72,137	53,435	9,959	10,770	19,803	57,175	72,681	89,948	97,197	62,895	28,736	15,347	13,308	14,980
total liabilities	7,368,523	4,870,525	4,204,255	4,967,288	5,922,409	5,882,026	5,975,079	5,915,945	6,188,116	6,496,403	5,194,874	4,126,875	3,369,316	2,324,508	3,454,216
net assets	3,551,314	3,278,324	2,792,920	2,176,558	2,052,926	1,985,560	1,799,243	1,675,277	1,518,908	1,506,799	1,476,155	1,424,710	1,336,170	1,198,214	968,902
total shareholders funds	3,551,314	3,278,324	2,792,920	2,176,558	2,052,926	1,985,560	1,799,243	1,675,277	1,518,908	1,506,799	1,476,155	1,424,710	1,336,170	1,198,214	968,902

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	505,803	666,106	900,674	273,491	196,699	322,903	262,269	293,952	154,671	186,843	172,783	207,800	264,486	330,169	377,361
Depreciation	124,666	118,122	121,164	124,089	124,738	130,796	133,468	125,922	162,000	148,367	31,799	21,799	16,756	19,195	30,622
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-98,828	-134,168	-176,590	-48,420	-36,699	-49,131	-49,087	-37,310	-25,567	-34,302	-35,456	-28,100	-50,018	-54,195	-98,839
Stock	2,443,503	1,388,106	-102,814	-304,601	-226,549	601,099	20,420	-135,451	-255,072	1,029,679	551,488	707,923	761,027	-235,002	3,194,309
Debtors	401,334	-187,196	49,873	-444,247	432,140	-390,680	-3,804	114,691	101,333	-77,633	-116,804	15,442	438,494	-231,319	668,033
Creditors	1,410,344	883,066	-696,985	-788,934	58,525	526,205	-118,232	-381,342	45,195	206,728	276,161	270,754	1,138,722	-671,803	2,381,414
Accruals and Deferred Income	-82,219	-122,661	157,456	-46,884	47,830	-67,683	-18,248	180,161	55,806	-120,082	43,177	-31,339	-48,901	111,608	318,161
Deferred Taxes & Provisions	116	18,702	43,476	-811	-9,033	-37,372	-15,506	-17,267	-7,249	34,302	34,159	13,389	2,039	-1,672	14,980
Cash flow from operations	-984,955	228,257	402,136	261,379	176,469	615,299	178,048	184,876	538,595	-530,190	87,939	-269,062	123,563	199,623	-838,643
Investing Activities
capital expenditure	-50,728	-69,005	-27,639	-41,565	-27,054	-13,707	-300,203	-30,195	-19,667	-528,631	-716,791	-143,817	-17,676	0	-158,590
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-50,728	-69,005	-27,639	-41,565	-27,054	-13,707	-300,203	-30,195	-19,667	-528,631	-716,791	-143,817	-17,676	0	-158,590
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-279,815	293,718	-252,281	252,280	-390,669	-147,863	96,187	-415,984	-129,624	550,566	216,253	457,360	-171,820	-567,841	739,661
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	-2	2	0	0	1,279,591
interest	-133,985	-46,534	-107,722	-101,439	-92,634	-87,455	-89,216	-100,273	-116,995	-121,897	-85,880	-91,162	-76,512	-46,662	-89,211
cash flow from financing	-413,800	247,184	-360,003	150,841	-483,303	-235,318	6,971	-516,257	-246,619	428,669	130,371	366,200	-248,332	-614,503	1,930,041
cash and cash equivalents
cash	89	-119	-205	-117	-158	-66	-251	685	-106	-137	-232	716	-17,677	-414,880	432,808
overdraft	1,449,572	-406,555	-14,699	-370,772	333,730	-366,340	114,933	362,261	-272,415	630,015	498,249	47,395	124,768	0	0
change in cash	-1,449,483	406,436	14,494	370,655	-333,888	366,274	-115,184	-361,576	272,309	-630,152	-498,481	-46,679	-142,445	-414,880	432,808

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for edwin may,limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in BT66 area or any other competitors across 12 key performance metrics.

EDWIN MAY,LIMITED group structure

Edwin May,Limited has no subsidiary companies.

Ultimate parent company

ROADSIDE MOTORS LIMITED

NI010431

1 parent

EDWIN MAY,LIMITED

NI003528

EDWIN MAY,LIMITED Shareholders

roadside motors ltd

100%

Edwin May,Limited currently has 2 directors. The longest serving directors include Mr William Hutchinson (Aug 2000) and Mr Brian Hutchinson (Aug 2000).

officer	country	age	start	end	role
Mr William Hutchinson		59 years	Aug 2000	-	Director
Mr Brian Hutchinson	Northern Ireland	54 years	Aug 2000	-	Director

P&L

September 2023

turnover

40.7m

+31%

operating profit

505.8k

-24%

gross margin

3.5%

-36.65%

turnover

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

Balance Sheet

September 2023

net assets

3.6m

+0.08%

total assets

10.9m

+0.34%

cash

350

+0.34%

net assets

Total assets minus all liabilities

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company number

NI003528

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

45111 - Sale of new cars and light motor vehicles

incorporation date

April 1955

accounts

Full Accounts

ultimate parent company

ROADSIDE MOTORS LIMITED

previous names

N/A

last accounts submitted

September 2023

address

71 belfast road, lurgan, craigavon, BT66 7JP

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 edwin may,limited. Currently there are 2 open charges and 1 have been satisfied in the past.

edwin may,limited Company Information

edwin may,limited Estimated Valuation

edwin may,limited Estimated Valuation

edwin may,limited Estimated Valuation

Edwin May,limited Overview

Edwin May,limited Health Check

EDWIN MAY,LIMITED financials

edwin may,limited Credit Report and Business Information

Edwin May,limited Competitor Analysis

edwin may,limited Ownership

edwin may,limited directors

edwin may,limited company details

edwin may,limited Charges & Mortgages

edwin may,limited Companies House Filings - See Documents