Pomanda estimates the enterprise value of RADIUS VEHICLE SOLUTIONS (NI) LIMITED at £24.2m based on a Turnover of £27.7m and 0.87x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of RADIUS VEHICLE SOLUTIONS (NI) LIMITED at £40.8m based on an EBITDA of £10.2m and a 4.01x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of RADIUS VEHICLE SOLUTIONS (NI) LIMITED at £6.7m based on Net Assets of £3m and 2.24x industry multiple (adjusted for liquidity).
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Radius Vehicle Solutions (ni) LimitedOverview
Radius Vehicle Solutions (ni) Limited is a live company located in belfast, BT17 9HY with a Companies House number of NI046821. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in June 2003, it's largest shareholder is
radius limited
with a 60% stake. Radius Vehicle Solutions (ni) Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£27.7m with
high
growth in recent years.
Radius Vehicle Solutions (ni) Limited Health Check
Pomanda's financial health check has awarded Radius Vehicle Solutions (Ni) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
1 Regular
6 Weak
Size
annual sales of £27.7m, make it larger than the average company (£14m)
£27.7m - Radius Vehicle Solutions (ni) Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (11.3%)
20% - Radius Vehicle Solutions (ni) Limited
11.3% - Industry AVG
Production
with a gross margin of 17.9%, this company has a higher cost of product (30.2%)
17.9% - Radius Vehicle Solutions (ni) Limited
30.2% - Industry AVG
Profitability
an operating margin of 10.4% make it as profitable than the average company (12.4%)
10.4% - Radius Vehicle Solutions (ni) Limited
12.4% - Industry AVG
Employees
with 24 employees, this is below the industry average (35)
24 - Radius Vehicle Solutions (ni) Limited
35 - Industry AVG
Pay Structure
on an average salary of £63.6k, the company has a higher pay structure (£42.7k)
£63.6k - Radius Vehicle Solutions (ni) Limited
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£303k)
£1.2m - Radius Vehicle Solutions (ni) Limited
£303k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (32 days)
14 days - Radius Vehicle Solutions (ni) Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (25 days)
15 days - Radius Vehicle Solutions (ni) Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is more than average (9 days)
42 days - Radius Vehicle Solutions (ni) Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is more cash available to meet short term requirements (4 weeks)
5 weeks - Radius Vehicle Solutions (ni) Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.7%, this is a higher level of debt than the average (79%)
93.7% - Radius Vehicle Solutions (ni) Limited
79% - Industry AVG
RADIUS VEHICLE SOLUTIONS (NI) LIMITED financials
EXPORT
Radius Vehicle Solutions (Ni) Limited's latest turnover from March 2024 is £27.7 million and the company has net assets of £3 million. According to their latest financial statements, Radius Vehicle Solutions (Ni) Limited has 24 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
27,725,384
17,483,359
15,896,202
15,445,796
5,258,128
6,441,074
8,746,019
5,250,582
4,002,367
4,366,409
4,032,050
3,537,812
4,282,099
5,786,493
Other Income Or Grants
Cost Of Sales
22,761,133
13,524,037
12,937,280
12,568,295
3,910,447
4,793,524
6,403,765
3,814,097
2,871,193
3,100,484
2,857,909
2,457,973
2,919,059
3,933,199
Gross Profit
4,964,251
3,959,322
2,958,922
2,877,501
1,347,681
1,647,550
2,342,254
1,436,485
1,131,174
1,265,926
1,174,141
1,079,840
1,363,039
1,853,294
Admin Expenses
2,072,155
2,073,133
1,585,596
1,855,151
1,322,287
1,815,118
2,192,769
1,440,409
1,053,581
1,224,598
1,115,483
931,057
1,189,846
1,194,948
Operating Profit
2,892,096
1,886,189
1,373,326
1,022,350
25,394
-167,568
149,485
-3,924
77,593
41,328
58,658
148,783
173,193
658,346
Interest Payable
2,600,744
1,584,224
784,572
69,889
335
4,132
3,962
Interest Receivable
12,031
1,044,000
1,373
1,646
1,338
1,041
2,591
1,503
1,011
1,110
1,143
650
Pre-Tax Profit
303,383
1,345,965
588,754
998,527
26,767
-165,922
150,488
-7,015
76,223
42,832
59,669
149,893
174,336
658,996
Tax
-29,974
-73,865
-126,233
-209,988
-5,086
-28,593
-15,244
-8,995
-13,724
-35,974
-45,327
-184,519
Profit After Tax
273,409
1,272,100
462,521
788,539
21,681
-165,922
121,895
-7,015
60,978
33,837
45,945
113,919
129,009
474,477
Dividends Paid
63,820
92,150
67,773
Retained Profit
273,409
1,208,280
370,371
720,766
21,681
-165,922
121,895
-7,015
60,978
33,837
45,945
113,919
129,009
474,477
Employee Costs
1,526,549
1,648,465
994,613
1,818,236
742,082
470,843
1,202,946
671,053
479,773
603,366
460,772
441,802
543,529
855,300
Number Of Employees
24
21
19
48
21
13
35
20
15
19
16
15
20
28
EBITDA*
10,172,774
7,580,867
4,478,842
2,222,162
321,161
81,590
265,371
179,545
282,804
124,948
157,797
229,946
235,046
697,869
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
39,538,148
27,515,712
16,382,549
4,118,101
1,159,738
1,064,936
938,103
465,714
446,936
559,560
591,030
552,188
494,255
427,268
Intangible Assets
Investments & Other
1,354,523
1,354,523
1,354,523
90
90
Debtors (Due After 1 year)
Total Fixed Assets
40,892,671
28,870,235
17,737,072
4,118,101
1,159,828
1,065,026
938,103
465,714
446,936
559,560
591,030
552,188
494,255
427,268
Stock & work in progress
2,680,244
2,118,555
1,021,170
1,941,096
697,248
723,789
807,941
548,957
263,555
383,350
423,041
367,267
470,771
572,453
Trade Debtors
1,102,916
989,367
530,907
1,734,466
382,188
316,545
316,862
301,722
343,164
208,527
211,784
147,190
185,461
221,702
Group Debtors
1,269,549
893,454
65,577
Misc Debtors
256,179
707,699
90,432
106,573
166,071
17,829
Cash
1,568,169
375,844
658,234
920,734
221,993
144,107
294,852
240,328
592,841
443,750
157,566
246,782
197,284
259,957
misc current assets
total current assets
6,877,057
5,084,919
2,366,320
4,702,869
1,467,500
1,184,441
1,419,655
1,091,007
1,217,389
1,035,627
792,391
761,239
853,516
1,054,112
total assets
47,769,728
33,955,154
20,103,392
8,820,970
2,627,328
2,249,467
2,357,758
1,556,721
1,664,325
1,595,187
1,383,421
1,313,427
1,347,771
1,481,380
Bank overdraft
108,333
10,314
121,920
Bank loan
108,333
Trade Creditors
951,692
976,901
181,259
867,118
213,078
958,427
1,384,711
592,454
557,434
772,723
591,926
536,317
694,861
955,855
Group/Directors Accounts
427,392
462,376
31,786
other short term finances
hp & lease commitments
10,507,699
6,252,498
5,039,840
982,148
244,012
other current liabilities
3,797,144
2,364,513
908,548
887,186
370,787
102,801
103,263
total current liabilities
15,683,927
10,056,288
6,269,766
2,844,785
827,877
958,427
1,384,711
705,569
782,617
772,723
591,926
536,317
694,861
955,855
loans
395,418
hp & lease commitments
28,929,353
21,014,981
11,817,557
508,217
Accruals and Deferred Income
360,293
other liabilities
3,062,800
483,915
14,187
12,913
42,444
31,715
39,227
provisions
156,458
157,304
102,350
321,226
102,135
23,541
11,088
15,230
17,259
17,707
11,819
total long term liabilities
29,085,811
21,172,285
12,315,325
3,384,026
970,645
483,915
23,541
25,275
28,143
59,703
49,422
51,046
total liabilities
44,769,738
31,228,573
18,585,091
6,228,811
1,798,522
1,442,342
1,384,711
705,569
806,158
797,998
620,069
596,020
744,283
1,006,901
net assets
2,999,990
2,726,581
1,518,301
2,592,159
828,806
807,125
973,047
851,152
858,167
797,189
763,352
717,407
603,488
474,479
total shareholders funds
2,999,990
2,726,581
1,518,301
2,592,159
828,806
807,125
973,047
851,152
858,167
797,189
763,352
717,407
603,488
474,479
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
2,892,096
1,886,189
1,373,326
1,022,350
25,394
-167,568
149,485
-3,924
77,593
41,328
58,658
148,783
173,193
658,346
Depreciation
7,280,678
5,694,678
3,105,516
1,199,812
295,767
249,158
115,886
183,469
205,211
83,620
99,139
81,163
61,853
39,523
Amortisation
Tax
-29,974
-73,865
-126,233
-209,988
-5,086
-28,593
-15,244
-8,995
-13,724
-35,974
-45,327
-184,519
Stock
561,689
2,118,555
-919,926
1,243,848
-26,541
-84,152
258,984
285,402
-119,795
-39,691
55,774
-103,504
-101,682
572,453
Debtors
38,124
2,590,520
-1,154,123
1,292,780
231,714
-317
15,140
-59,271
152,466
-3,257
64,594
-38,271
-36,241
221,702
Creditors
-25,209
976,901
-685,859
654,040
-745,349
-426,284
792,257
35,020
-215,289
180,797
55,609
-158,544
-260,994
955,855
Accruals and Deferred Income
1,432,631
2,364,513
21,362
156,106
731,080
-102,801
-462
103,263
Deferred Taxes & Provisions
-846
157,304
-218,876
219,091
102,135
-23,541
12,453
-4,142
-2,029
-448
5,888
11,819
Cash flow from operations
10,949,563
6,296,645
5,543,285
504,783
198,768
-260,225
652,110
-35,569
135,316
335,556
77,285
176,755
72,536
686,869
Investing Activities
capital expenditure
-19,303,114
-33,210,390
-15,369,964
-390,569
-375,991
-588,275
-202,247
-92,587
-52,150
-137,981
-139,096
-128,840
-466,791
Change in Investments
1,354,523
1,354,523
-90
90
cash flow from investments
-19,303,114
-34,564,913
-16,724,487
90
-390,569
-376,081
-588,275
-202,247
-92,587
-52,150
-137,981
-139,096
-128,840
-466,791
Financing Activities
Bank loans
-108,333
108,333
Group/Directors Accounts
-34,984
462,376
31,786
Other Short Term Loans
Long term loans
395,418
Hire Purchase and Lease Commitments
12,169,573
27,267,479
15,875,249
229,919
752,229
other long term liabilities
-3,062,800
3,062,800
-483,915
483,915
-14,187
1,274
-29,531
10,729
-7,512
39,227
share issue
1,518,301
-1,444,229
1,042,587
2
interest
-2,588,713
-540,224
-784,572
-69,889
1,373
1,646
1,003
-3,091
-1,371
1,503
1,011
1,110
1,143
650
cash flow from financing
9,545,876
28,707,932
10,902,519
4,373,750
269,687
485,561
1,003
-3,091
-15,558
2,777
-28,520
11,839
-6,369
39,879
cash and cash equivalents
cash
1,192,325
375,844
-262,500
698,741
77,886
-150,745
54,524
-352,513
149,091
286,184
-89,216
49,498
-62,673
259,957
overdraft
108,333
-10,314
-111,606
121,920
change in cash
1,192,325
375,844
-370,833
698,741
77,886
-150,745
64,838
-240,907
27,171
286,184
-89,216
49,498
-62,673
259,957
radius vehicle solutions (ni) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for radius vehicle solutions (ni) limited. Get real-time insights into radius vehicle solutions (ni) limited's credit score, group structure and payment trends.
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radius vehicle solutions (ni) limited Ownership
RADIUS VEHICLE SOLUTIONS (NI) LIMITED group structure
Radius Vehicle Solutions (Ni) Limited has 1 subsidiary company.
The largest shareholders in Radius Vehicle Solutions (Ni) Limited include Radius Limited and Paul Mcguire.
radius limited
60%
paul mcguire
40%
radius vehicle solutions (ni) limited directors
Radius Vehicle Solutions (Ni) Limited currently has 4 directors.
The longest serving directors include
Mr Paul McGuire (Jun 2003) and
Mr Ciaran O'Neill (Oct 2021).
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 14 charges/mortgages relating to radius vehicle solutions (ni) limited. Currently there are 4 open charges and 10 have been satisfied in the past.
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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radius vehicle solutions (ni) limitedCompanies House Filings - See Documents
