Central Garages (crossgar) Ltd

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central garages (crossgar) ltd Company Information

Live

MatureMidHigh

Company Number

NI024462

Website

www.centralgarages.com

Registered Address

21 killyleagh street, crossgar, downpatrick, co down, BT30 9DQ

Industry

Sale of used cars and light motor vehicles

Sale of new cars and light motor vehicles

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Telephone

02844830306

Next Accounts Due

January 2025

Group Structure

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Directors

Desmond Orr34 Years

Shareholders

mr desmond orr 100%

central garages (crossgar) ltd Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of CENTRAL GARAGES (CROSSGAR) LTD at £2.8m based on Net Assets of £1m and 2.78x industry multiple (adjusted for liquidity).

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Central Garages (crossgar) Ltd is a live company located in downpatrick, BT30 9DQ with a Companies House number of NI024462. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in May 1990, it's largest shareholder is mr desmond orr with a 100% stake. Central Garages (crossgar) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with high growth in recent years.

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Pomanda's financial health check has awarded Central Garages (Crossgar) Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £5.4m, make it smaller than the average company (£17.5m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.9%)

EXPORT

Central Garages (Crossgar) Ltd's latest turnover from April 2023 is estimated at £5.4 million and the company has net assets of £1 million. According to their latest financial statements, Central Garages (Crossgar) Ltd has 25 employees and maintains cash reserves of £445.4 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	5,414,476	5,300,044	4,687,490	3,079,852	3,657,163	3,410,291	3,575,216	3,023,020	2,649,528	3,117,903	3,827,116	3,324,656	3,028,681	3,134,838
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,396,802	4,288,121	3,814,709	2,473,679	2,930,400	2,712,881	2,830,003	2,383,284	2,089,227	2,452,252	3,020,848	2,605,039	2,357,758	2,428,503
Gross Profit	1,017,674	1,011,922	872,781	606,173	726,763	697,410	745,213	639,736	560,301	665,650	806,268	719,617	670,923	706,335
Admin Expenses	1,043,699	798,120	779,893	634,976	706,836	667,542	699,312	612,349	545,062	685,984	814,343	747,435	577,839	-226,050
Operating Profit	-26,025	213,802	92,888	-28,803	19,927	29,868	45,901	27,387	15,239	-20,334	-8,075	-27,818	93,084	932,385
Interest Payable	1,922	6,328	4,575	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,819	2,947	218	87	646	609	297	692	479	415	611	678	1,165	792
Pre-Tax Profit	-8,128	210,421	88,531	-28,716	20,573	30,478	46,198	28,079	15,718	-19,919	-7,464	-27,140	94,249	933,176
Tax	0	-39,980	-16,821	0	-3,909	-5,791	-8,778	-5,616	-3,143	0	0	0	-24,505	-261,289
Profit After Tax	-8,128	170,441	71,710	-28,716	16,664	24,687	37,420	22,463	12,574	-19,919	-7,464	-27,140	69,744	671,887
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,128	170,441	71,710	-28,716	16,664	24,687	37,420	22,463	12,574	-19,919	-7,464	-27,140	69,744	671,887
Employee Costs	774,749	759,497	706,168	494,612	557,196	544,850	560,762	409,168	349,238	397,060	517,242	476,641	448,752	478,076
Number Of Employees	25	25	25	17	19	19	20	15	13	15	20	19	18	19
EBITDA*	-8,193	230,290	108,523	-12,118	37,785	44,843	61,860	44,131	32,866	-1,421	11,563	-6,662	113,554	943,882

* 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	238,832	243,224	241,712	257,347	274,032	254,218	269,193	282,352	296,396	314,023	326,585	346,223	345,979	258,179
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	238,832	243,224	241,712	257,347	274,032	254,218	269,193	282,352	296,396	314,023	326,585	346,223	345,979	258,179
Stock & work in progress	574,330	603,716	770,812	628,985	722,450	616,880	614,087	539,684	510,397	562,884	525,241	542,120	490,865	449,681
Trade Debtors	82,048	61,002	49,228	49,617	64,757	85,959	88,119	61,368	31,352	62,567	128,944	111,935	103,930	98,730
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	445,394	487,243	298,684	136,571	37,100	135,172	108,602	129,023	147,765	43,669	122,181	122,029	149,198	316,735
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,101,772	1,151,961	1,118,724	815,173	824,307	838,011	810,808	730,075	689,514	669,120	776,366	776,084	743,993	865,146
total assets	1,340,604	1,395,185	1,360,436	1,072,520	1,098,339	1,092,229	1,080,001	1,012,427	985,910	983,143	1,102,951	1,122,307	1,089,972	1,123,325
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	280,256	290,063	389,952	200,891	141,416	242,338
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	328,409	337,362	360,554	294,348	291,451	302,005	314,464	284,310	0	0	0	0	0	0
total current liabilities	328,409	337,362	360,554	294,348	291,451	302,005	314,464	284,310	280,256	290,063	389,952	200,891	141,416	242,338
loans	0	37,500	150,000	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
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	0	0	0	0	200,953	200,953	203,128
provisions	972	972	972	972	972	972	972	972	972	972	972	972	972	972
total long term liabilities	972	38,472	150,972	972	972	972	972	972	972	972	972	201,925	201,925	204,100
total liabilities	329,381	375,834	511,526	295,320	292,423	302,977	315,436	285,282	281,228	291,035	390,924	402,816	343,341	446,438
net assets	1,011,223	1,019,351	848,910	777,200	805,916	789,252	764,565	727,145	704,682	692,108	712,027	719,491	746,631	676,887
total shareholders funds	1,011,223	1,019,351	848,910	777,200	805,916	789,252	764,565	727,145	704,682	692,108	712,027	719,491	746,631	676,887

	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	-26,025	213,802	92,888	-28,803	19,927	29,868	45,901	27,387	15,239	-20,334	-8,075	-27,818	93,084	932,385
Depreciation	17,832	16,488	15,635	16,685	17,858	14,975	15,959	16,744	17,627	18,913	19,638	21,156	20,470	11,497
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-39,980	-16,821	0	-3,909	-5,791	-8,778	-5,616	-3,143	0	0	0	-24,505	-261,289
Stock	-29,386	-167,096	141,827	-93,465	105,570	2,793	74,403	29,287	-52,487	37,643	-16,879	51,255	41,184	449,681
Debtors	21,046	11,774	-389	-15,140	-21,202	-2,160	26,751	30,016	-31,215	-66,377	17,009	8,005	5,200	98,730
Creditors	0	0	0	0	0	0	0	-280,256	-9,807	-99,889	189,061	59,475	-100,922	242,338
Accruals and Deferred Income	-8,953	-23,192	66,206	2,897	-10,554	-12,459	30,154	284,310	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	972
Cash flow from operations	-8,806	322,440	16,470	99,384	-61,046	25,960	-17,918	-16,734	103,618	-72,576	200,494	-6,447	-58,257	377,492
Investing Activities
capital expenditure	-13,440	-18,000	0	0	-37,672	0	-2,800	-2,700	0	-6,351	0	-21,400	-108,270	-269,676
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-13,440	-18,000	0	0	-37,672	0	-2,800	-2,700	0	-6,351	0	-21,400	-108,270	-269,676
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	-37,500	-112,500	150,000	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-200,953	0	-2,175	203,128
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	5,000
interest	17,897	-3,381	-4,357	87	646	609	297	692	479	415	611	678	1,165	792
cash flow from financing	-19,603	-115,881	145,643	87	646	609	297	692	479	415	-200,342	678	-1,010	208,920
cash and cash equivalents
cash	-41,849	188,559	162,113	99,471	-98,072	26,570	-20,421	-18,742	104,096	-78,512	152	-27,169	-167,537	316,735
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-41,849	188,559	162,113	99,471	-98,072	26,570	-20,421	-18,742	104,096	-78,512	152	-27,169	-167,537	316,735

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CENTRAL GARAGES (CROSSGAR) LTD group structure

Central Garages (Crossgar) Ltd has no subsidiary companies.

Ultimate parent company

CENTRAL GARAGES (CROSSGAR) LTD

NI024462

CENTRAL GARAGES (CROSSGAR) LTD Shareholders

mr desmond orr

100%

Central Garages (Crossgar) Ltd currently has 1 director, Mr Desmond Orr serving since May 1990.

officer	country	age	start	end	role
Mr Desmond Orr		68 years	May 1990	-	Director

P&L

April 2023

turnover

5.4m

+2%

operating profit

-26k

gross margin

18.8%

-1.56%

turnover

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

Balance Sheet

April 2023

net assets

-0.01%

total assets

1.3m

-0.04%

cash

445.4k

-0.09%

net assets

Total assets minus all liabilities

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company number

NI024462

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

45112 - Sale of used cars and light motor vehicles

45111 - Sale of new cars and light motor vehicles

incorporation date

May 1990

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

21 killyleagh street, crossgar, downpatrick, co down, BT30 9DQ

last accounts submitted

April 2023

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 central garages (crossgar) ltd. Currently there are 0 open charges and 5 have been satisfied in the past.

central garages (crossgar) ltd Company Information

central garages (crossgar) ltd Estimated Valuation

central garages (crossgar) ltd Estimated Valuation

central garages (crossgar) ltd Estimated Valuation

Central Garages (crossgar) Ltd Overview

Central Garages (crossgar) Ltd Health Check

CENTRAL GARAGES (CROSSGAR) LTD financials

central garages (crossgar) ltd Credit Report and Business Information

Central Garages (crossgar) Ltd Competitor Analysis

central garages (crossgar) ltd Ownership

central garages (crossgar) ltd directors

central garages (crossgar) ltd company details

central garages (crossgar) ltd Charges & Mortgages

central garages (crossgar) ltd Companies House Filings - See Documents