commercial motor products ltd Company Information
Company Number
NI024386
Website
cmpireland.comRegistered Address
c/o fps 4 houston business park, newtownabbey, BT36 5RZ
Industry
Wholesale trade of motor vehicle parts and accessories
Telephone
02837788159
Next Accounts Due
January 2025
Group Structure
View All
Directors
John Coombes0 Years
Shareholders
mtc enterprises ltd 100%
commercial motor products ltd Estimated Valuation
Pomanda estimates the enterprise value of COMMERCIAL MOTOR PRODUCTS LTD at £1m based on a Turnover of £3.7m and 0.28x industry multiple (adjusted for size and gross margin).
commercial motor products ltd Estimated Valuation
Pomanda estimates the enterprise value of COMMERCIAL MOTOR PRODUCTS LTD at £0 based on an EBITDA of £-429.1k and a 3.73x industry multiple (adjusted for size and gross margin).
commercial motor products ltd Estimated Valuation
Pomanda estimates the enterprise value of COMMERCIAL MOTOR PRODUCTS LTD at £2.9m based on Net Assets of £1.2m and 2.41x industry multiple (adjusted for liquidity).
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Commercial Motor Products Ltd Overview
Commercial Motor Products Ltd is a live company located in newtownabbey, BT36 5RZ with a Companies House number of NI024386. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in April 1990, it's largest shareholder is mtc enterprises ltd with a 100% stake. Commercial Motor Products Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.
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Commercial Motor Products Ltd Health Check
Pomanda's financial health check has awarded Commercial Motor Products Ltd a 4 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
4 Strong
2 Regular
6 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£16m)
- Commercial Motor Products Ltd
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.4%)
- Commercial Motor Products Ltd
6.4% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
- Commercial Motor Products Ltd
28.7% - Industry AVG
Profitability
an operating margin of -13% make it less profitable than the average company (5.2%)
- Commercial Motor Products Ltd
5.2% - Industry AVG
Employees
with 16 employees, this is below the industry average (58)
16 - Commercial Motor Products Ltd
58 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)
- Commercial Motor Products Ltd
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £230.7k, this is less efficient (£271.5k)
- Commercial Motor Products Ltd
£271.5k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (55 days)
- Commercial Motor Products Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (44 days)
- Commercial Motor Products Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 64 days, this is less than average (105 days)
- Commercial Motor Products Ltd
105 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (7 weeks)
30 weeks - Commercial Motor Products Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.7%, this is a lower level of debt than the average (48.2%)
35.7% - Commercial Motor Products Ltd
48.2% - Industry AVG
commercial motor products ltd Credit Report and Business Information
Commercial Motor Products Ltd Competitor Analysis
Perform a competitor analysis for commercial motor products ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
commercial motor products ltd Ownership
COMMERCIAL MOTOR PRODUCTS LTD group structure
Commercial Motor Products Ltd has no subsidiary companies.
commercial motor products ltd directors
Commercial Motor Products Ltd currently has 1 director, Mr John Coombes serving since Feb 2024.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr John Coombes | Northern Ireland | 58 years | Feb 2024 | - | Director |
COMMERCIAL MOTOR PRODUCTS LTD financials
Commercial Motor Products Ltd's latest turnover from April 2023 is estimated at £3.7 million and the company has net assets of £1.2 million. According to their latest financial statements, Commercial Motor Products Ltd has 16 employees and maintains cash reserves of £368.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 16 | 16 | 17 | 17 | 19 | 18 | 16 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 152,338 | 174,902 | 233,202 | 174,190 | 166,181 | 169,175 | 127,805 | 153,874 | 183,406 | 216,073 | 673,924 | 551,512 | 578,835 | 547,173 |
Intangible Assets | 4,881 | 9,764 | 14,647 | 0 | 0 | 0 | 0 | 0 | 60,000 | 80,000 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 60,000 | 125,515 | 125,515 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 157,219 | 184,666 | 247,849 | 174,190 | 166,181 | 169,175 | 127,805 | 153,874 | 243,406 | 296,073 | 733,924 | 611,512 | 704,350 | 672,688 |
Stock & work in progress | 465,127 | 653,952 | 535,324 | 396,266 | 330,493 | 321,122 | 314,235 | 247,099 | 426,016 | 658,233 | 652,981 | 455,239 | 327,787 | 319,213 |
Trade Debtors | 851,579 | 892,119 | 1,875,658 | 1,605,164 | 1,595,274 | 1,816,946 | 728,194 | 2,245,808 | 1,804,296 | 1,773,705 | 970,560 | 754,583 | 898,954 | 878,974 |
Group Debtors | 0 | 27,126 | 992,177 | 1,349,733 | 756,555 | 735,227 | 767,024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 20,314 | 15,998 | 16,995 | 35,289 | 27,809 | 47,459 | 976,388 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 368,431 | 627,613 | 754,844 | 290,339 | 997,690 | 969,297 | 581,454 | 377,100 | 472,597 | 293,904 | 379,288 | 486,589 | 248,978 | 298,290 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,705,451 | 2,216,808 | 4,174,998 | 3,676,791 | 3,707,821 | 3,890,051 | 3,367,295 | 2,870,007 | 2,702,909 | 2,725,842 | 2,002,829 | 1,696,411 | 1,475,719 | 1,496,477 |
total assets | 1,862,670 | 2,401,474 | 4,422,847 | 3,850,981 | 3,874,002 | 4,059,226 | 3,495,100 | 3,023,881 | 2,946,315 | 3,021,915 | 2,736,753 | 2,307,923 | 2,180,069 | 2,169,165 |
Bank overdraft | 0 | 5,837 | 25,960 | 16,936 | 45,923 | 111,758 | 78,124 | 51,666 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 504,038 | 517,364 | 665,140 | 423,245 | 537,294 | 749,989 | 627,103 | 560,681 | 885,816 | 986,150 | 860,055 | 629,979 | 449,248 | 462,673 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 14,567 | 24,341 | 43,792 | 27,345 | 5,832 | 5,833 | 9,033 | 25,999 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 113,231 | 154,604 | 191,552 | 161,089 | 126,688 | 179,858 | 171,266 | 134,526 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 631,836 | 702,146 | 926,444 | 628,615 | 715,737 | 1,047,438 | 885,526 | 772,872 | 885,816 | 986,150 | 860,055 | 629,979 | 449,248 | 462,673 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84,270 | 132,124 | 144,861 |
hp & lease commitments | 0 | 14,567 | 38,908 | 24,550 | 4,861 | 10,694 | 0 | 0 | 0 | 0 | 0 | 7,359 | 20,278 | 18,750 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,034 | 66,249 | 83,721 | 144,770 | 0 | 0 | 0 |
provisions | 33,406 | 29,969 | 38,438 | 26,331 | 30,551 | 30,551 | 19,429 | 23,769 | 20,220 | 20,220 | 20,220 | 13,093 | 8,981 | 6,153 |
total long term liabilities | 33,406 | 44,536 | 77,346 | 50,881 | 35,412 | 41,245 | 19,429 | 32,803 | 86,469 | 103,941 | 164,990 | 104,722 | 161,383 | 169,764 |
total liabilities | 665,242 | 746,682 | 1,003,790 | 679,496 | 751,149 | 1,088,683 | 904,955 | 805,675 | 972,285 | 1,090,091 | 1,025,045 | 734,701 | 610,631 | 632,437 |
net assets | 1,197,428 | 1,654,792 | 3,419,057 | 3,171,485 | 3,122,853 | 2,970,543 | 2,590,145 | 2,218,206 | 1,974,030 | 1,931,824 | 1,711,708 | 1,573,222 | 1,569,438 | 1,536,728 |
total shareholders funds | 1,197,428 | 1,654,792 | 3,419,057 | 3,171,485 | 3,122,853 | 2,970,543 | 2,590,145 | 2,218,206 | 1,974,030 | 1,931,824 | 1,711,708 | 1,573,222 | 1,569,438 | 1,536,728 |
Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 44,242 | 58,300 | 50,463 | 58,063 | 23,710 | 56,359 | 42,567 | 51,258 | 61,100 | 72,023 | 70,725 | 29,923 | 39,031 | 28,477 |
Amortisation | 4,883 | 9,764 | 4,883 | 0 | 0 | 0 | 0 | 20,000 | 20,000 | 0 | 0 | 0 | 0 | |
Tax | ||||||||||||||
Stock | -188,825 | 118,628 | 139,058 | 65,773 | 9,371 | 6,887 | 67,136 | -178,917 | -232,217 | 5,252 | 197,742 | 127,452 | 8,574 | 319,213 |
Debtors | -63,350 | -1,949,587 | -105,356 | 610,548 | -219,994 | 128,026 | 225,798 | 441,512 | 30,591 | 803,145 | 215,977 | -144,371 | 19,980 | 878,974 |
Creditors | -13,326 | -147,776 | 241,895 | -114,049 | -212,695 | 122,886 | 66,422 | -325,135 | -100,334 | 126,095 | 230,076 | 180,731 | -13,425 | 462,673 |
Accruals and Deferred Income | -41,373 | -36,948 | 30,463 | 34,401 | -53,170 | 8,592 | 36,740 | 134,526 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 3,437 | -8,469 | 12,107 | -4,220 | 0 | 11,122 | -4,340 | 3,549 | 0 | 0 | 7,127 | 4,112 | 2,828 | 6,153 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -60,000 | 0 | -65,515 | 0 | 125,515 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 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 | -84,270 | -47,854 | -12,737 | 144,861 |
Hire Purchase and Lease Commitments | -24,341 | -43,792 | 30,805 | 41,202 | -5,834 | 7,494 | -16,966 | 25,999 | 0 | 0 | -7,359 | -12,919 | 1,528 | 18,750 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -9,034 | -57,215 | -17,472 | -61,049 | 144,770 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -259,182 | -127,231 | 464,505 | -707,351 | 28,393 | 387,843 | 204,354 | -95,497 | 178,693 | -85,384 | -107,301 | 237,611 | -49,312 | 298,290 |
overdraft | -5,837 | -20,123 | 9,024 | -28,987 | -65,835 | 33,634 | 26,458 | 51,666 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -253,345 | -107,108 | 455,481 | -678,364 | 94,228 | 354,209 | 177,896 | -147,163 | 178,693 | -85,384 | -107,301 | 237,611 | -49,312 | 298,290 |
P&L
April 2023turnover
3.7m
-6%
operating profit
-478.2k
0%
gross margin
28.8%
+2.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
1.2m
-0.28%
total assets
1.9m
-0.22%
cash
368.4k
-0.41%
net assets
Total assets minus all liabilities
commercial motor products ltd company details
company number
NI024386
Type
Private limited with Share Capital
industry
45310 - Wholesale trade of motor vehicle parts and accessories
incorporation date
April 1990
age
34
accounts
Total Exemption Full
ultimate parent company
previous names
aberdare agencies limited (June 1990)
incorporated
UK
address
c/o fps 4 houston business park, newtownabbey, BT36 5RZ
last accounts submitted
April 2023
commercial motor products 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 5 charges/mortgages relating to commercial motor products ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
commercial motor products ltd Companies House Filings - See Documents
date | description | view/download |
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