commercial motor products ltd

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commercial motor products ltd Company Information

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Company Number

NI024386

Registered 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

£1m

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

£0

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

£2.9m

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).

Valuation Calculator
This valuation is estimated based on financial data from April 2023 

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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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £3.7m, make it smaller than the average company (£16m)

£3.7m - Commercial Motor Products Ltd

£16m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.4%)

-11% - Commercial Motor Products Ltd

6.4% - Industry AVG

production

Production

with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)

28.7% - Commercial Motor Products Ltd

28.7% - Industry AVG

profitability

Profitability

an operating margin of -13% make it less profitable than the average company (5.2%)

-13% - Commercial Motor Products Ltd

5.2% - Industry AVG

employees

Employees

with 16 employees, this is below the industry average (58)

16 - Commercial Motor Products Ltd

58 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)

£34.2k - Commercial Motor Products Ltd

£34.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £230.7k, this is less efficient (£271.5k)

£230.7k - Commercial Motor Products Ltd

£271.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 84 days, this is later than average (55 days)

84 days - Commercial Motor Products Ltd

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 69 days, this is slower than average (44 days)

69 days - Commercial Motor Products Ltd

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 64 days, this is less than average (105 days)

64 days - Commercial Motor Products Ltd

105 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Commercial Motor Products Ltd Competitor Analysis

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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.

Ultimate parent company

1 parent

COMMERCIAL MOTOR PRODUCTS LTD

NI024386

COMMERCIAL MOTOR PRODUCTS LTD Shareholders

mtc enterprises ltd 100%

commercial motor products ltd directors

Commercial Motor Products Ltd currently has 1 director, Mr John Coombes serving since Feb 2024.

officercountryagestartendrole
Mr John CoombesNorthern Ireland58 years Feb 2024- Director

COMMERCIAL MOTOR PRODUCTS LTD financials

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover3,690,7303,921,7196,089,8065,291,6725,249,0165,886,0143,275,1497,366,6187,060,4007,215,2874,792,2363,537,5793,457,2333,455,220
Other Income Or Grants00000000000000
Cost Of Sales2,631,1572,824,3094,437,8403,868,0353,843,4714,235,0112,349,4355,167,3505,012,2925,218,9873,460,0292,565,0302,496,0952,511,988
Gross Profit1,059,5731,097,4101,651,9661,423,6371,405,5441,651,003925,7142,199,2682,048,1081,996,3001,332,207972,549961,137943,231
Admin Expenses1,537,8042,865,7861,345,5361,362,3241,219,5611,179,082463,6761,894,4931,997,2671,719,3551,151,781962,376909,300-1,195,062
Operating Profit-478,231-1,768,376306,43061,313185,983471,921462,038304,77550,841276,945180,42610,17351,8372,138,293
Interest Payable2991,0731,3081,9175,3226,1714,0561,679002,7397,0339,0024,708
Interest Receivable21,1665,1845236447,3763,8771,1982,1241,9161,6832,1651,8391,368746
Pre-Tax Profit-457,364-1,764,265305,64460,040188,037469,627459,180305,22052,758278,628179,8524,97944,2032,134,331
Tax00-58,072-11,408-35,727-89,229-87,244-61,044-10,551-58,512-41,366-1,195-11,493-597,613
Profit After Tax-457,364-1,764,265247,57248,632152,310380,398371,936244,17642,206220,116138,4863,78432,7101,536,718
Dividends Paid00000000000000
Retained Profit-457,364-1,764,265247,57248,632152,310380,398371,936244,17642,206220,116138,4863,78432,7101,536,718
Employee Costs547,483522,340550,921539,606585,371546,038476,7421,036,772845,215854,521586,245426,002431,317450,454
Number Of Employees1616171719181636303121161617
EBITDA*-429,106-1,700,312361,776119,376209,693528,280504,605356,033131,941368,968251,15140,09690,8682,166,770

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets152,338174,902233,202174,190166,181169,175127,805153,874183,406216,073673,924551,512578,835547,173
Intangible Assets4,8819,76414,6470000060,00080,0000000
Investments & Other000000000060,00060,000125,515125,515
Debtors (Due After 1 year)00000000000000
Total Fixed Assets157,219184,666247,849174,190166,181169,175127,805153,874243,406296,073733,924611,512704,350672,688
Stock & work in progress465,127653,952535,324396,266330,493321,122314,235247,099426,016658,233652,981455,239327,787319,213
Trade Debtors851,579892,1191,875,6581,605,1641,595,2741,816,946728,1942,245,8081,804,2961,773,705970,560754,583898,954878,974
Group Debtors027,126992,1771,349,733756,555735,227767,0240000000
Misc Debtors20,31415,99816,99535,28927,80947,459976,3880000000
Cash368,431627,613754,844290,339997,690969,297581,454377,100472,597293,904379,288486,589248,978298,290
misc current assets00000000000000
total current assets1,705,4512,216,8084,174,9983,676,7913,707,8213,890,0513,367,2952,870,0072,702,9092,725,8422,002,8291,696,4111,475,7191,496,477
total assets1,862,6702,401,4744,422,8473,850,9813,874,0024,059,2263,495,1003,023,8812,946,3153,021,9152,736,7532,307,9232,180,0692,169,165
Bank overdraft05,83725,96016,93645,923111,75878,12451,666000000
Bank loan00000000000000
Trade Creditors 504,038517,364665,140423,245537,294749,989627,103560,681885,816986,150860,055629,979449,248462,673
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments14,56724,34143,79227,3455,8325,8339,03325,999000000
other current liabilities113,231154,604191,552161,089126,688179,858171,266134,526000000
total current liabilities631,836702,146926,444628,615715,7371,047,438885,526772,872885,816986,150860,055629,979449,248462,673
loans0000000000084,270132,124144,861
hp & lease commitments014,56738,90824,5504,86110,694000007,35920,27818,750
Accruals and Deferred Income00000000000000
other liabilities00000009,03466,24983,721144,770000
provisions33,40629,96938,43826,33130,55130,55119,42923,76920,22020,22020,22013,0938,9816,153
total long term liabilities33,40644,53677,34650,88135,41241,24519,42932,80386,469103,941164,990104,722161,383169,764
total liabilities665,242746,6821,003,790679,496751,1491,088,683904,955805,675972,2851,090,0911,025,045734,701610,631632,437
net assets1,197,4281,654,7923,419,0573,171,4853,122,8532,970,5432,590,1452,218,2061,974,0301,931,8241,711,7081,573,2221,569,4381,536,728
total shareholders funds1,197,4281,654,7923,419,0573,171,4853,122,8532,970,5432,590,1452,218,2061,974,0301,931,8241,711,7081,573,2221,569,4381,536,728
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-478,231-1,768,376306,43061,313185,983471,921462,038304,77550,841276,945180,42610,17351,8372,138,293
Depreciation44,24258,30050,46358,06323,71056,35942,56751,25861,10072,02370,72529,92339,03128,477
Amortisation4,8839,7644,8830000020,00020,0000000
Tax00-58,072-11,408-35,727-89,229-87,244-61,044-10,551-58,512-41,366-1,195-11,493-597,613
Stock-188,825118,628139,05865,7739,3716,88767,136-178,917-232,2175,252197,742127,4528,574319,213
Debtors-63,350-1,949,587-105,356610,548-219,994128,026225,798441,51230,591803,145215,977-144,37119,980878,974
Creditors-13,326-147,776241,895-114,049-212,695122,88666,422-325,135-100,334126,095230,076180,731-13,425462,673
Accruals and Deferred Income-41,373-36,94830,46334,401-53,1708,59236,740134,526000000
Deferred Taxes & Provisions3,437-8,46912,107-4,220011,122-4,3403,549007,1274,1122,8286,153
Cash flow from operations-228,193-62,546554,467-652,221118,724446,738223,249-154,666222,682-371,84633,269240,66340,224839,796
Investing Activities
capital expenditure-21,678-4,881-129,005-66,072-20,716-97,729-16,49838,274-28,433285,828-193,137-2,600-70,693-575,650
Change in Investments000000000-60,0000-65,5150125,515
cash flow from investments-21,678-4,881-129,005-66,072-20,716-97,729-16,49838,274-28,433345,828-193,13762,915-70,693-701,165
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans0000000000-84,270-47,854-12,737144,861
Hire Purchase and Lease Commitments-24,341-43,79230,80541,202-5,8347,494-16,96625,99900-7,359-12,9191,52818,750
other long term liabilities000000-9,034-57,215-17,472-61,049144,770000
share issue000000300000010
interest20,8674,111-785-1,2732,054-2,294-2,8584451,9161,683-574-5,194-7,634-3,962
cash flow from financing-3,474-39,68130,02039,929-3,7805,200-28,855-30,771-15,556-59,36652,567-65,967-18,843159,659
cash and cash equivalents
cash-259,182-127,231464,505-707,35128,393387,843204,354-95,497178,693-85,384-107,301237,611-49,312298,290
overdraft-5,837-20,1239,024-28,987-65,83533,63426,45851,666000000
change in cash-253,345-107,108455,481-678,36494,228354,209177,896-147,163178,693-85,384-107,301237,611-49,312298,290

P&L

April 2023

turnover

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 2023

net 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.

charges

commercial motor products ltd Companies House Filings - See Documents

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