North Down Motor Factors Limited

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north down motor factors limited Company Information

Company Number

NI009367

Next Accounts

Jul 2025

Directors

Ruth Coulter

Jeremy Coulter

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Shareholders

executors of kenneth coulter

ruth coulter

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Group Structure

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Industry

Wholesale trade of motor vehicle parts and accessories

Registered Address

23 jubilee road, newtownards, county down, BT23 4YJ

Website

http://motorfactors.com

north down motor factors limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of NORTH DOWN MOTOR FACTORS LIMITED at £1.3m based on a Turnover of £4.4m and 0.3x industry multiple (adjusted for size and gross margin).

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North Down Motor Factors Limited is a live company located in county down, BT23 4YJ with a Companies House number of NI009367. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in April 1973, it's largest shareholder is executors of kenneth coulter with a 50.9% stake. North Down Motor Factors Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.

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Pomanda's financial health check has awarded North Down Motor Factors Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £4.4m, make it smaller than the average company (£16.2m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7.2%)

EXPORT

North Down Motor Factors Limited's latest turnover from October 2023 is estimated at £4.4 million and the company has net assets of £513.3 thousand. According to their latest financial statements, North Down Motor Factors Limited has 28 employees and maintains cash reserves of £80.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	4,430,856	4,526,671	4,606,536	4,579,349	4,441,835	4,204,765	4,365,907	4,265,340	4,985,950	4,597,752	4,165,538	3,248,294	3,615,128	3,242,008
Other Income Or Grants
Cost Of Sales	3,174,026	3,267,181	3,380,539	3,327,532	3,257,945	3,058,245	3,164,099	2,992,377	3,572,746	3,337,335	3,010,891	2,330,475	2,598,543	2,333,783
Gross Profit	1,256,830	1,259,490	1,225,997	1,251,817	1,183,889	1,146,521	1,201,808	1,272,963	1,413,204	1,260,417	1,154,647	917,820	1,016,585	908,225
Admin Expenses	1,221,668	1,236,756	1,141,982	1,180,184	1,127,740	1,030,380	1,112,116	1,304,575	1,367,705	1,158,103	1,092,182	863,601	976,870	913,705	-449,789
Operating Profit	35,162	22,734	84,015	71,633	56,149	116,141	89,692	-31,612	45,499	102,314	62,465	54,219	39,715	-5,480	449,789
Interest Payable	71,447	52,292	33,529	40,707	60,520	66,790	68,778	39,948	9,501	8,774	8,521	7,714	8,526	4,722
Interest Receivable	3,397	1,365	153	124	146	159	113	102	40	154	139	10	8	2	1
Pre-Tax Profit	-32,888	-28,192	50,638	31,049	-4,225	49,510	21,026	-71,458	36,038	93,695	54,083	46,514	31,197	-10,200	449,790
Tax			-9,621	-5,899		-9,407	-3,995		-7,207	-19,676	-12,439	-11,163	-8,111		-125,941
Profit After Tax	-32,888	-28,192	41,017	25,150	-4,225	40,103	17,031	-71,458	28,830	74,019	41,644	35,351	23,086	-10,200	323,849
Dividends Paid
Retained Profit	-32,888	-28,192	41,017	25,150	-4,225	40,103	17,031	-71,458	28,830	74,019	41,644	35,351	23,086	-10,200	323,849
Employee Costs	1,019,006	1,050,838	1,156,138	1,213,124	1,168,369	1,123,549	1,090,969	1,070,234	646,583	515,999	496,398	396,749	453,923	424,745
Number Of Employees	28	31	35	37	37	37	36	37	23	19	18	15	17	16
EBITDA*	59,299	57,517	113,312	95,173	58,889	141,238	121,065	6,565	94,971	168,807	119,201	110,856	101,341	45,965	468,522

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	152,297	173,630	174,039	150,450	171,620	167,023	91,184	87,854	99,997	134,089	145,435	186,312	238,220	239,720	35,657
Intangible Assets	23,100	23,100	23,100
Investments & Other	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648	8,648
Debtors (Due After 1 year)
Total Fixed Assets	184,045	205,378	205,787	159,098	180,268	175,671	99,832	96,502	108,645	142,737	154,083	194,960	246,868	248,368	44,305
Stock & work in progress	1,025,734	1,084,976	947,935	811,602	976,166	937,892	977,659	1,055,978	1,040,708	880,930	724,881	705,389	771,478	665,328	654,312
Trade Debtors	602,639	535,235	653,752	582,853	734,429	739,607	831,802	758,481	706,645	722,863	681,843	484,472	518,231	465,121	421,420
Group Debtors
Misc Debtors	14,178	14,273	52,704	13,965	11,849	13,803	15,966	28,955	31,229	35,445				282	2,236
Cash	80,135	49,290	72,078	233,452	13,915	24,981	17,521	72,776	8,442	7,491	54,290	1,319	2,573	490	490
misc current assets
total current assets	1,722,686	1,683,774	1,726,469	1,641,872	1,736,359	1,716,283	1,842,948	1,916,190	1,787,024	1,646,729	1,461,014	1,191,180	1,292,282	1,131,221	1,078,458
total assets	1,906,731	1,889,152	1,932,256	1,800,970	1,916,627	1,891,954	1,942,780	2,012,692	1,895,669	1,789,466	1,615,097	1,386,140	1,539,150	1,379,589	1,122,763
Bank overdraft	489,436	435,553	423,591	83,265	765,980	727,914	933,615	953,437
Bank loan				53,906	28,890	28,655	13,091	12,439
Trade Creditors	570,830	626,168	571,092	691,246	202,781	198,578	222,645	241,889	1,180,774	1,088,143	997,340	789,101	952,829	817,560	753,268
Group/Directors Accounts
other short term finances
hp & lease commitments				9,441	12,163	11,719	19,435	17,499
other current liabilities	138,453	90,161	98,031	123,886	270,911	267,811	127,715	161,851
total current liabilities	1,198,719	1,151,882	1,092,714	961,744	1,280,725	1,234,677	1,316,501	1,387,115	1,180,774	1,088,143	997,340	789,101	952,829	817,560	753,268
loans	178,767	166,413	242,119	296,441	106,171	135,580	140,110	148,219	164,240	128,111	141,843	120,343	117,021	145,305
hp & lease commitments				7,908	15,727	5,423	11,953	20,209	21,986
Accruals and Deferred Income
other liabilities	6,790	16,719	15,698							69,213	43,592	80,970	102,297	76,487	35,208
provisions	9,186	7,981	7,376	1,545	5,822	3,867	1,912	1,876	1,938	6,098	8,440	13,488	20,116	16,436	286
total long term liabilities	194,743	191,113	265,193	305,894	127,720	144,870	153,975	170,304	188,164	203,422	193,875	214,801	239,434	238,228	35,494
total liabilities	1,393,462	1,342,995	1,357,907	1,267,638	1,408,445	1,379,547	1,470,476	1,557,419	1,368,938	1,291,565	1,191,215	1,003,902	1,192,263	1,055,788	788,762
net assets	513,269	546,157	574,349	533,332	508,182	512,407	472,304	455,273	526,731	497,901	423,882	382,238	346,887	323,801	334,001
total shareholders funds	513,269	546,157	574,349	533,332	508,182	512,407	472,304	455,273	526,731	497,901	423,882	382,238	346,887	323,801	334,001

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	35,162	22,734	84,015	71,633	56,149	116,141	89,692	-31,612	45,499	102,314	62,465	54,219	39,715	-5,480	449,789
Depreciation	24,137	34,783	29,297	23,540	2,740	25,097	31,373	38,177	49,472	66,493	56,736	56,637	61,626	51,445	18,733
Amortisation
Tax			-9,621	-5,899		-9,407	-3,995		-7,207	-19,676	-12,439	-11,163	-8,111		-125,941
Stock	-59,242	137,041	136,333	-164,564	38,274	-39,767	-78,319	15,270	159,778	156,049	19,492	-66,089	106,150	11,016	654,312
Debtors	67,309	-156,948	109,638	-149,460	-7,132	-94,358	60,332	49,562	-20,434	76,465	197,371	-33,759	52,828	41,747	423,656
Creditors	-55,338	55,076	-120,154	488,465	4,203	-24,067	-19,244	-938,885	92,631	90,803	208,239	-163,728	135,269	64,292	753,268
Accruals and Deferred Income	48,292	-7,870	-25,855	-147,025	3,100	140,096	-34,136	161,851
Deferred Taxes & Provisions	1,205	605	5,831	-4,277	1,955	1,955	36	-62	-4,160	-2,342	-5,048	-6,628	3,680	16,150	286
Cash flow from operations	45,391	125,235	-282,458	740,461	37,005	383,940	81,713	-835,363	36,891	5,078	93,090	29,185	73,201	73,644	18,167
Investing Activities
capital expenditure	-2,804	-34,374	-75,986	-2,370	-7,337	-100,936	-34,703	-26,034	-15,380	-55,147	-15,859	-4,729	-60,126	-255,508	-54,390
Change in Investments															8,648
cash flow from investments	-2,804	-34,374	-75,986	-2,370	-7,337	-100,936	-34,703	-26,034	-15,380	-55,147	-15,859	-4,729	-60,126	-255,508	-63,038
Financing Activities
Bank loans			-53,906	25,016	235	15,564	652	12,439
Group/Directors Accounts
Other Short Term Loans
Long term loans	12,354	-75,706	-54,322	190,270	-29,409	-4,530	-8,109	-16,021	36,129	-13,732	21,500	3,322	-28,284	145,305
Hire Purchase and Lease Commitments			-17,349	-10,541	10,748	-14,246	-6,320	15,722	21,986
other long term liabilities	-9,929	1,021	15,698						-69,213	25,621	-37,378	-21,327	25,810	41,279	35,208
share issue															10,152
interest	-68,050	-50,927	-33,376	-40,583	-60,374	-66,631	-68,665	-39,846	-9,461	-8,620	-8,382	-7,704	-8,518	-4,720	1
cash flow from financing	-65,625	-125,612	-143,255	164,162	-78,800	-69,843	-82,442	-27,706	-20,559	3,269	-24,260	-25,709	-10,992	181,864	45,361
cash and cash equivalents
cash	30,845	-22,788	-161,374	219,537	-11,066	7,460	-55,255	64,334	951	-46,799	52,971	-1,254	2,083		490
overdraft	53,883	11,962	340,326	-682,715	38,066	-205,701	-19,822	953,437
change in cash	-23,038	-34,750	-501,700	902,252	-49,132	213,161	-35,433	-889,103	951	-46,799	52,971	-1,254	2,083		490

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 north down motor factors limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BT23 area or any other competitors across 12 key performance metrics.

NORTH DOWN MOTOR FACTORS LIMITED group structure

North Down Motor Factors Limited has 2 subsidiary companies.

Ultimate parent company

NORTH DOWN MOTOR FACTORS LIMITED

NI009367

2 subsidiaries

WELDPRO (N.I.) LIMITED

NI015226

AUTRAD DISTRIBUTION CO. LIMITED

NI013204

NORTH DOWN MOTOR FACTORS LIMITED Shareholders

executors of kenneth coulter	50.91%
ruth coulter	33.33%
jeremy coulter	15.76%

North Down Motor Factors Limited currently has 3 directors. The longest serving directors include Ms Ruth Coulter (Nov 1999) and Mr Jeremy Coulter (Nov 1999).

officer	age	start	end	role
Ms Ruth Coulter	85 years	Nov 1999	-	Director
Mr Jeremy Coulter	58 years	Nov 1999	-	Director
Mr Kenneth Coulter	86 years	Dec 2007	-	Director

P&L

October 2023

turnover

4.4m

-2%

operating profit

35.2k

gross margin

28.4%

+1.95%

turnover

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

Balance Sheet

October 2023

net assets

513.3k

-0.06%

total assets

1.9m

+0.01%

cash

80.1k

+0.63%

net assets

Total assets minus all liabilities

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company number

NI009367

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

April 1973

ultimate parent company

None

previous names

N/A

address

23 jubilee road, newtownards, county down, BT23 4YJ

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 4 charges/mortgages relating to north down motor factors limited. Currently there are 3 open charges and 1 have been satisfied in the past.

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north down motor factors limited Company Information

north down motor factors limited Estimated Valuation

north down motor factors limited Estimated Valuation

north down motor factors limited Estimated Valuation

North Down Motor Factors Limited Overview

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NORTH DOWN MOTOR FACTORS LIMITED financials

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