James Logan Cars Limited

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james logan cars limited Company Information

Live

MatureSmallRapid

Company Number

NI035997

Website

www.jameslogancars.co.uk

Registered Address

104/108 frances street, newtownards, co down, BT23 7DY

Industry

Sale of used cars and light motor vehicles

Telephone

02890365551

Next Accounts Due

December 2024

Group Structure

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Directors

Margaret Logan25 Years

Gareth Logan1 Years

Shareholders

knockalla holdings ltd 100%

james logan cars limited Estimated Valuation

£341.1k

Pomanda estimates the enterprise value of JAMES LOGAN CARS LIMITED at £341.1k based on Net Assets of £127.6k and 2.67x industry multiple (adjusted for liquidity).

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James Logan Cars Limited is a live company located in co down, BT23 7DY with a Companies House number of NI035997. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in April 1999, it's largest shareholder is knockalla holdings ltd with a 100% stake. James Logan Cars Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded James Logan Cars Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 108%, show it is growing at a faster rate (7.9%)

EXPORT

James Logan Cars Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of £127.6 thousand. According to their latest financial statements, James Logan Cars Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,778,198	1,774,381	251,412	197,907	1,064,825	2,022,336	5,242,394	427,973	430,734	611,585	834,527	629,256	759,163	693,221
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,655,635	1,646,161	235,438	184,160	987,305	1,874,430	4,845,210	392,047	394,523	567,408	767,531	580,141	697,353	631,403
Gross Profit	122,564	128,220	15,974	13,747	77,520	147,906	397,184	35,926	36,211	44,177	66,996	49,115	61,810	61,819
Admin Expenses	150,112	142,304	26,286	62,762	1,385,714	180,896	-1,945,083	53,447	52,184	35,916	38,740	59,500	23,107	290,570
Operating Profit	-27,548	-14,084	-10,312	-49,015	-1,308,194	-32,990	2,342,267	-17,521	-15,973	8,261	28,256	-10,385	38,703	-228,751
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	98	484	508	439	462	752	1,876	1,368
Pre-Tax Profit	-27,548	-14,084	-9,877	-49,015	-1,308,194	-32,990	2,342,365	-17,037	-15,465	8,700	28,718	-9,633	40,579	-227,383
Tax	0	0	-435	0	0	0	-468,473	0	0	-2,001	-6,892	0	-11,362	0
Profit After Tax	-27,548	-14,084	-10,312	-49,015	-1,308,194	-32,990	1,873,892	-17,037	-15,465	6,699	21,826	-9,633	29,217	-227,383
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-27,548	-14,084	-10,312	-49,015	-1,308,194	-32,990	1,873,892	-17,037	-15,465	6,699	21,826	-9,633	29,217	-227,383
Employee Costs	95,688	92,402	43,559	42,031	86,135	83,486	221,798	26,526	26,391	25,366	50,678	48,686	48,686	51,689
Number Of Employees	3	3	3	3	3	3	8	1	1	1	2	2	2	2
EBITDA*	-27,548	-14,084	102	-44,554	-1,308,194	-32,990	2,342,267	-12,841	-11,189	13,083	33,226	-9,458	39,864	-223,267

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	121,377	413,724	424,101	434,515	138,975	1,067,859	1,072,077	352,302	356,982	361,328	366,150	371,120	372,047	372,525
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	724,364	724,364	724,364	724,364	724,364	724,364	130,200
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	121,377	413,724	424,101	434,515	138,975	1,067,859	1,072,077	1,076,666	1,081,346	1,085,692	1,090,514	1,095,484	1,096,411	502,725
Stock & work in progress	0	0	0	0	0	0	0	175,623	179,194	228,981	226,195	217,863	268,118	282,839
Trade Debtors	281,830	133,626	148,487	166,407	249,177	584,659	625,060	5,492	1,471	11,213	43,247	16,194	11,694	19,098
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	15	13	0	0	0	0	0	0	0	0	0	0	0	3,163
Cash	0	0	0	0	0	0	0	78,547	114,934	88,365	87,288	97,657	202,982	547,360
misc current assets	0	0	0	0	0	0	0	400,158	388,504	389,187	355,256	339,142	221,051	354,033
total current assets	281,845	133,639	148,487	166,407	249,177	584,659	625,060	659,820	684,103	717,746	711,986	670,856	703,845	1,206,493
total assets	403,222	547,363	572,588	600,922	388,152	1,652,518	1,697,137	1,736,486	1,765,449	1,803,438	1,802,500	1,766,340	1,800,256	1,709,218
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	275,616	392,209	403,350	421,372	67,220	19,395	6,281	31,212	43,138	65,662	71,423	56,347	80,398	18,476
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	275,616	392,209	403,350	421,372	67,220	19,395	6,281	31,212	43,138	65,662	71,423	56,347	80,398	18,476
loans	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
Accruals and Deferred Income	0	0	0	0	0	3,997	28,740	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	742	974	1,075
total long term liabilities	0	0	0	0	0	3,997	28,740	0	0	0	0	742	974	1,075
total liabilities	275,616	392,209	403,350	421,372	67,220	23,392	35,021	31,212	43,138	65,662	71,423	57,089	81,372	19,551
net assets	127,606	155,154	169,238	179,550	320,932	1,629,126	1,662,116	1,705,274	1,722,311	1,737,776	1,731,077	1,709,251	1,718,884	1,689,667
total shareholders funds	127,606	155,154	169,238	179,550	320,932	1,629,126	1,662,116	1,705,274	1,722,311	1,737,776	1,731,077	1,709,251	1,718,884	1,689,667

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-27,548	-14,084	-10,312	-49,015	-1,308,194	-32,990	2,342,267	-17,521	-15,973	8,261	28,256	-10,385	38,703	-228,751
Depreciation	0	0	10,414	4,461	0	0	0	4,680	4,784	4,822	4,970	927	1,161	5,484
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-435	0	0	0	-468,473	0	0	-2,001	-6,892	0	-11,362	0
Stock	0	0	0	0	0	0	-175,623	-3,571	-49,787	2,786	8,332	-50,255	-14,721	282,839
Debtors	148,206	-14,848	-17,920	-82,770	-335,482	-40,401	619,568	4,021	-9,742	-32,034	27,053	4,500	-10,567	22,261
Creditors	-116,593	-11,141	-18,022	354,152	47,825	13,114	-24,931	-11,926	-22,524	-5,761	15,076	-24,051	61,922	18,476
Accruals and Deferred Income	0	0	0	0	-3,997	-24,743	28,740	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-742	-232	-101	1,075
Cash flow from operations	-292,347	-10,377	-435	392,368	-928,884	-4,218	1,433,658	-25,217	25,816	34,569	5,283	12,014	115,611	-508,816
Investing Activities
capital expenditure	292,347	10,377	0	-300,001	928,884	4,218	-719,775	0	-438	0	0	0	-683	-378,009
Change in Investments	0	0	0	0	0	0	-724,364	0	0	0	0	0	594,164	130,200
cash flow from investments	292,347	10,377	0	-300,001	928,884	4,218	4,589	0	-438	0	0	0	-594,847	-508,209
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	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	0	0	0	0
share issue	0	0	0	-92,367	0	0	-1,917,050	0	0	0	0	0	0	1,917,050
interest	0	0	0	0	0	0	98	484	508	439	462	752	1,876	1,368
cash flow from financing	0	0	0	-92,367	0	0	-1,916,952	484	508	439	462	752	1,876	1,918,418
cash and cash equivalents
cash	0	0	0	0	0	0	-78,547	-36,387	26,569	1,077	-10,369	-105,325	-344,378	547,360
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-78,547	-36,387	26,569	1,077	-10,369	-105,325	-344,378	547,360

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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JAMES LOGAN CARS LIMITED group structure

James Logan Cars Limited has no subsidiary companies.

Ultimate parent company

JAMES LOGAN CARS LIMITED

NI035997

JAMES LOGAN CARS LIMITED Shareholders

knockalla holdings ltd

100%

James Logan Cars Limited currently has 2 directors. The longest serving directors include Ms Margaret Logan (Apr 1999) and Mr Gareth Logan (Sep 2022).

officer	country	age	start	end	role
Ms Margaret Logan	Northern Ireland	72 years	Apr 1999	-	Director
Mr Gareth Logan	Northern Ireland	44 years	Sep 2022	-	Director

P&L

March 2023

turnover

1.8m

operating profit

-27.5k

gross margin

6.9%

-4.62%

turnover

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

Balance Sheet

March 2023

net assets

127.6k

-0.18%

total assets

403.2k

-0.26%

cash

net assets

Total assets minus all liabilities

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company number

NI035997

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

April 1999

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

104/108 frances street, newtownards, co down, BT23 7DY

last accounts submitted

March 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 1 charges/mortgages relating to james logan cars limited. Currently there are 1 open charges and 0 have been satisfied in the past.

james logan cars limited Company Information

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james logan cars limited Estimated Valuation

james logan cars limited Estimated Valuation

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