Mcwilliams Car Sales Limited

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mcwilliams car sales limited Company Information

Live

MatureSmallLow

Company Number

NI050889

Website

www.mcwilliamscarsales.com

Registered Address

64 markethill road, tandragee, co armagh, BT62 2ET

Industry

Sale of used cars and light motor vehicles

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Terry McWilliams1 Years

Shareholders

cherith mcwilliams 100%

mcwilliams car sales limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of MCWILLIAMS CAR SALES LIMITED at £1.5m based on Net Assets of £572k and 2.67x industry multiple (adjusted for liquidity).

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Mcwilliams Car Sales Limited is a live company located in co armagh, BT62 2ET with a Companies House number of NI050889. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in June 2004, it's largest shareholder is cherith mcwilliams with a 100% stake. Mcwilliams Car Sales Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with low growth in recent years.

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Pomanda's financial health check has awarded Mcwilliams Car Sales Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£3.1m)

Growth

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

EXPORT

Mcwilliams Car Sales Limited's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of £572 thousand. According to their latest financial statements, Mcwilliams Car Sales Limited has 5 employees and maintains cash reserves of £180.9 thousand 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	Feb 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,680,918	1,559,070	1,271,157	1,543,867	6,341,920	7,561,331	4,361,409	6,743,222	5,938,891	751,863	834,441	552,062	471,285	323,663
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,495,652	1,377,009	1,135,769	1,362,691	5,617,863	6,701,836	3,862,387	5,894,857	5,175,816	661,560	735,976	485,566	412,407	282,511
Gross Profit	185,266	182,061	135,388	181,176	724,058	859,495	499,022	848,365	763,075	90,303	98,465	66,496	58,878	41,152
Admin Expenses	162,194	22,973	55,202	115,843	690,814	728,548	524,408	776,889	710,956	52,173	16,363	48,826	60,893	42,107
Operating Profit	23,072	159,088	80,186	65,333	33,244	130,947	-25,386	71,476	52,119	38,130	82,102	17,670	-2,015	-955
Interest Payable	4,796	3,361	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,814	1,353	200	66	0	0	0	0	162	278	132	53	72	36
Pre-Tax Profit	24,089	157,080	78,860	65,399	33,244	130,947	-25,386	71,476	52,281	38,408	82,234	17,723	-1,943	-920
Tax	-4,577	-29,845	-14,983	-12,426	-6,316	-24,880	0	-14,295	-10,979	-8,834	-19,736	-4,608	0	0
Profit After Tax	19,512	127,235	63,877	52,973	26,928	106,067	-25,386	57,181	41,302	29,574	62,498	13,115	-1,943	-920
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	19,512	127,235	63,877	52,973	26,928	106,067	-25,386	57,181	41,302	29,574	62,498	13,115	-1,943	-920
Employee Costs	159,480	154,003	142,176	144,753	401,962	473,089	277,247	424,418	369,477	50,806	76,016	48,686	48,686	25,845
Number Of Employees	5	5	5	5	14	17	10	16	14	2	3	2	2	1
EBITDA*	47,572	161,613	89,843	73,696	33,244	130,947	-25,386	71,476	52,119	40,880	82,398	18,064	-1,751	-602

* 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	Feb 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	174,057	148,821	28,973	38,081	33,448	58,163	25,285	33,714	11,960	8,248	9,798	1,184	793	1,057
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	174,057	148,821	28,973	38,081	33,448	58,163	25,285	33,714	11,960	8,248	9,798	1,184	793	1,057
Stock & work in progress	364,388	392,600	253,400	250,450	0	0	0	0	0	115,250	100,735	68,850	39,056	14,200
Trade Debtors	0	0	0	0	335,072	320,183	176,528	250,703	213,391	400	3,906	400	400	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	11,327	0	8,626	0	0	0	0	0	0	0	0	0	0
Cash	180,859	92,728	267,997	131,975	0	0	0	0	0	64,915	46,204	6,551	14,665	14,198
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	545,247	496,655	521,397	391,051	335,072	320,183	176,528	250,703	213,391	180,565	150,845	75,801	54,121	28,398
total assets	719,304	645,476	550,370	429,132	368,520	378,346	201,813	284,417	225,351	188,813	160,643	76,985	54,914	29,455
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	6,218	6,218	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	42,764	17,139	56,450	0	30,473	40,040	11,034	64,861	81,725	86,488	87,892	66,732	57,776	30,374
Group/Directors Accounts	758	88	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	8,344	672	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	16,846	25,493	0	41,421	0	0	0	0	0	0	0	0	0	0
total current liabilities	74,930	49,610	56,450	41,421	30,473	40,040	11,034	64,861	81,725	86,488	87,892	66,732	57,776	30,374
loans	37,787	43,364	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	29,271	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	2,204	12,382	0	0	0	0	0	0	0	0
other liabilities	0	0	18,653	26,321	27,427	44,436	13,960	18,749	0	0	0	0	0	0
provisions	5,302	0	0	0	0	0	1,398	0	0	0	0	0	0	0
total long term liabilities	72,360	43,364	68,653	26,321	29,631	56,818	15,358	18,749	0	0	0	0	0	0
total liabilities	147,290	92,974	125,103	67,742	60,104	96,858	26,392	83,610	81,725	86,488	87,892	66,732	57,776	30,374
net assets	572,014	552,502	425,267	361,390	308,416	281,488	175,421	200,807	143,626	102,325	72,751	10,253	-2,862	-919
total shareholders funds	572,014	552,502	425,267	361,390	308,416	281,488	175,421	200,807	143,626	102,325	72,751	10,253	-2,862	-919

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	23,072	159,088	80,186	65,333	33,244	130,947	-25,386	71,476	52,119	38,130	82,102	17,670	-2,015	-955
Depreciation	24,500	2,525	9,657	8,363	0	0	0	0	0	2,750	296	394	264	353
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,577	-29,845	-14,983	-12,426	-6,316	-24,880	0	-14,295	-10,979	-8,834	-19,736	-4,608	0	0
Stock	-28,212	139,200	2,950	250,450	0	0	0	0	-115,250	14,515	31,885	29,794	24,856	14,200
Debtors	-11,327	11,327	-8,626	-326,446	14,889	143,655	-74,175	37,312	212,991	-3,506	3,506	0	400	0
Creditors	25,625	-39,311	56,450	-30,473	-9,567	29,006	-53,827	-16,864	-4,763	-1,404	21,160	8,956	27,402	30,374
Accruals and Deferred Income	-8,647	25,493	-41,421	39,217	-10,178	12,382	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,302	0	0	0	0	-1,398	1,398	0	0	0	0	0	0	0
Cash flow from operations	104,814	-32,577	95,565	146,010	-7,706	2,402	-3,640	3,005	-61,364	19,633	48,431	-7,382	395	15,572
Investing Activities
capital expenditure	-49,736	-122,373	-549	-12,996	24,715	-32,878	8,429	-21,754	-3,712	-1,200	-8,910	-785	0	-1,410
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-49,736	-122,373	-549	-12,996	24,715	-32,878	8,429	-21,754	-3,712	-1,200	-8,910	-785	0	-1,410
Financing Activities
Bank loans	0	6,218	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	670	88	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	-5,577	-6,636	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	36,943	672	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-18,653	-7,668	-1,106	-17,009	30,476	-4,789	18,749	0	0	0	0	0	0
share issue	0	0	0	1	0	0	0	0	-1	0	0	0	0	1
interest	1,018	-2,008	-1,325	66	0	0	0	0	162	278	132	53	72	36
cash flow from financing	33,054	-20,319	41,007	-1,039	-17,009	30,476	-4,789	18,749	161	278	132	53	72	37
cash and cash equivalents
cash	88,131	-175,269	136,022	131,975	0	0	0	0	-64,915	18,711	39,653	-8,114	467	14,198
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	88,131	-175,269	136,022	131,975	0	0	0	0	-64,915	18,711	39,653	-8,114	467	14,198

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MCWILLIAMS CAR SALES LIMITED group structure

Mcwilliams Car Sales Limited has no subsidiary companies.

Ultimate parent company

MCWILLIAMS CAR SALES LIMITED

NI050889

MCWILLIAMS CAR SALES LIMITED Shareholders

cherith mcwilliams

100%

Mcwilliams Car Sales Limited currently has 1 director, Mr Terry McWilliams serving since Aug 2022.

officer	country	age	start	end	role
Mr Terry McWilliams		49 years	Aug 2022	-	Director

P&L

March 2023

turnover

1.7m

+8%

operating profit

23.1k

gross margin

11.1%

-5.62%

turnover

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

Balance Sheet

March 2023

net assets

572k

+0.04%

total assets

719.3k

+0.11%

cash

180.9k

+0.95%

net assets

Total assets minus all liabilities

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3.5

company number

NI050889

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

June 2004

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

64 markethill road, tandragee, co armagh, BT62 2ET

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.

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mcwilliams car sales limited Company Information

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mcwilliams car sales limited Estimated Valuation

mcwilliams car sales limited Estimated Valuation

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MCWILLIAMS CAR SALES LIMITED financials

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