Burnside Garage Limited

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burnside garage limited Company Information

Live

EstablishedSmallDeclining

Company Number

NI059212

Website

www.burnsiderecovery.co.uk

Registered Address

units 2&3 24 ballyrashane road, coleraine, county londonderry, BT52 2NL

Industry

Maintenance and repair of motor vehicles

Telephone

08444142471

Next Accounts Due

December 2024

Group Structure

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Directors

David Witherow18 Years

Timothy Witherow18 Years

Shareholders

mr timothy witherow 66.7%

mr david witherow 33.3%

burnside garage limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of BURNSIDE GARAGE LIMITED at £2m based on Net Assets of £720.6k and 2.79x industry multiple (adjusted for liquidity).

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Burnside Garage Limited is a live company located in county londonderry, BT52 2NL with a Companies House number of NI059212. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in May 2006, it's largest shareholder is mr timothy witherow with a 66.7% stake. Burnside Garage Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Burnside Garage Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £1.8m, make it larger than the average company (£446k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.8%)

EXPORT

Burnside Garage Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of £720.6 thousand. According to their latest financial statements, Burnside Garage Limited has 6 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	1,836,755	2,026,254	1,841,523	1,862,697	1,636,826	1,986,909	1,993,988	441,299	291,151	269,709	259,572	238,306	208,940	235,010
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,413,523	1,593,732	1,407,621	1,391,037	1,218,430	1,429,828	1,426,248	316,300	210,102	192,838	183,022	166,753	143,643	163,179
Gross Profit	423,232	432,523	433,903	471,660	418,397	557,081	567,740	124,999	81,049	76,871	76,549	71,553	65,296	71,831
Admin Expenses	288,932	368,964	396,789	426,014	363,095	492,706	490,371	115,741	54,662	9,140	9,310	34,912	-7,641	-87,811
Operating Profit	134,300	63,559	37,114	45,646	55,302	64,375	77,369	9,258	26,387	67,731	67,239	36,641	72,937	159,642
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	486	2,011	2,026	1,810	1,561	1,362	1,171	548
Pre-Tax Profit	134,300	63,559	37,114	45,646	55,302	64,375	77,855	11,269	28,413	69,542	68,800	38,003	74,108	160,190
Tax	-25,517	-12,076	-7,052	-8,673	-10,507	-12,231	-15,571	-2,254	-5,967	-15,995	-16,512	-9,881	-20,750	-44,853
Profit After Tax	108,783	51,483	30,062	36,973	44,795	52,144	62,284	9,015	22,446	53,547	52,288	28,122	53,358	115,337
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	108,783	51,483	30,062	36,973	44,795	52,144	62,284	9,015	22,446	53,547	52,288	28,122	53,358	115,337
Employee Costs	145,500	153,120	177,184	191,392	170,978	427,248	430,614	79,202	53,053	52,734	52,616	49,680	48,843	48,904
Number Of Employees	6	6	7	7	6	16	16	3	2	2	2	2	2	2
EBITDA*	134,300	63,559	37,114	45,646	55,302	64,375	77,369	39,643	54,754	95,903	102,467	70,991	100,525	171,090

* 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	152,536	59,876	76,551	102,067	137,604	100,435	129,341	91,151	104,241	84,511	105,683	103,052	82,763	34,343
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	152,536	59,876	76,551	102,067	137,604	100,435	129,341	91,151	104,241	84,511	105,683	103,052	82,763	34,343
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	740,944	793,409	697,743	655,998	594,533	545,275	494,751	60,458	19,213	11,857	12,238	9,917	9,352	7,723
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	867	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	389,162	415,070	395,341	328,762	295,613	249,158	219,300
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	741,811	793,409	697,743	655,998	594,533	545,275	494,751	449,620	434,283	407,198	341,000	305,530	258,510	227,023
total assets	894,347	853,285	774,294	758,065	732,137	645,710	624,092	540,771	538,524	491,709	446,683	408,582	341,273	261,366
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	171,810	231,456	193,868	191,621	181,982	160,824	170,780	175,905	174,273	172,246	159,750	154,302	136,819	146,026
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	171,810	231,456	193,868	191,621	181,982	160,824	170,780	175,905	174,273	172,246	159,750	154,302	136,819	146,026
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	1,900	1,675	1,675	1,650	1,754	1,670	1,540	0	0	0	0	0	0	0
other liabilities	0	8,300	18,380	34,485	55,065	34,675	55,375	30,750	39,150	16,808	37,825	57,460	35,756	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,900	9,975	20,055	36,135	56,819	36,345	56,915	30,750	39,150	16,808	37,825	57,460	35,756	0
total liabilities	173,710	241,431	213,923	227,756	238,801	197,169	227,695	206,655	213,423	189,054	197,575	211,762	172,575	146,026
net assets	720,637	611,854	560,371	530,309	493,336	448,541	396,397	334,116	325,101	302,655	249,108	196,820	168,698	115,340
total shareholders funds	720,637	611,854	560,371	530,309	493,336	448,541	396,397	334,116	325,101	302,655	249,108	196,820	168,698	115,340

	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	134,300	63,559	37,114	45,646	55,302	64,375	77,369	9,258	26,387	67,731	67,239	36,641	72,937	159,642
Depreciation	0	0	0	0	0	0	0	30,385	28,367	28,172	35,228	34,350	27,588	11,448
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-25,517	-12,076	-7,052	-8,673	-10,507	-12,231	-15,571	-2,254	-5,967	-15,995	-16,512	-9,881	-20,750	-44,853
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-51,598	95,666	41,745	61,465	49,258	50,524	434,293	41,245	7,356	-381	2,321	565	1,629	7,723
Creditors	-59,646	37,588	2,247	9,639	21,158	-9,956	-5,125	1,632	2,027	12,496	5,448	17,483	-9,207	146,026
Accruals and Deferred Income	225	0	25	-104	84	130	1,540	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	100,960	-6,595	-9,411	-14,957	16,779	-8,206	-376,080	-2,224	43,458	92,785	89,082	78,028	68,939	264,540
Investing Activities
capital expenditure	-92,660	16,675	25,516	35,537	-37,169	28,906	-38,190	-17,295	-48,097	-7,000	-37,859	-54,639	-76,008	-45,791
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-92,660	16,675	25,516	35,537	-37,169	28,906	-38,190	-17,295	-48,097	-7,000	-37,859	-54,639	-76,008	-45,791
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	-8,300	-10,080	-16,105	-20,580	20,390	-20,700	24,625	-8,400	22,342	-21,017	-19,635	21,704	35,756	0
share issue	0	0	0	0	0	0	-3	0	0	0	0	0	0	3
interest	0	0	0	0	0	0	486	2,011	2,026	1,810	1,561	1,362	1,171	548
cash flow from financing	-8,300	-10,080	-16,105	-20,580	20,390	-20,700	25,108	-6,389	24,368	-19,207	-18,074	23,066	36,927	551
cash and cash equivalents
cash	0	0	0	0	0	0	-389,162	-25,908	19,729	66,579	33,149	46,455	29,858	219,300
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-389,162	-25,908	19,729	66,579	33,149	46,455	29,858	219,300

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BURNSIDE GARAGE LIMITED group structure

Burnside Garage Limited has no subsidiary companies.

Ultimate parent company

BURNSIDE GARAGE LIMITED

NI059212

BURNSIDE GARAGE LIMITED Shareholders

mr timothy witherow	66.67%
mr david witherow	33.33%

Burnside Garage Limited currently has 2 directors. The longest serving directors include Mr David Witherow (May 2006) and Mr Timothy Witherow (May 2006).

officer	country	age	start	end	role
Mr David Witherow	Northern Ireland	44 years	May 2006	-	Director
Mr Timothy Witherow	Northern Ireland	39 years	May 2006	-	Director

P&L

March 2023

turnover

1.8m

-9%

operating profit

134.3k

gross margin

23.1%

+7.95%

turnover

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

Balance Sheet

March 2023

net assets

720.6k

+0.18%

total assets

894.3k

+0.05%

cash

net assets

Total assets minus all liabilities

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company number

NI059212

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

May 2006

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

units 2&3 24 ballyrashane road, coleraine, county londonderry, BT52 2NL

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 did not find charges/mortgages relating to burnside garage limited.

burnside garage limited Company Information

burnside garage limited Estimated Valuation

burnside garage limited Estimated Valuation

burnside garage limited Estimated Valuation

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BURNSIDE GARAGE LIMITED financials

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