Comiskey Cars Ltd

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comiskey cars ltd Company Information

Live

EstablishedMidLow

Company Number

NI613869

Website

www.comiskeymotors.co.uk

Registered Address

75 belfast road, newry, BT34 1QH

Industry

Sale of used cars and light motor vehicles

Telephone

02830835541

Next Accounts Due

May 2025

Group Structure

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Directors

Gareth Comiskey11 Years

John Comiskey11 Years

Shareholders

gareth comiskey 100%

comiskey cars ltd Estimated Valuation

£11.7m

Pomanda estimates the enterprise value of COMISKEY CARS LTD at £11.7m based on Net Assets of £4.4m and 2.67x industry multiple (adjusted for liquidity).

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Comiskey Cars Ltd is a live company located in newry, BT34 1QH with a Companies House number of NI613869. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in August 2012, it's largest shareholder is gareth comiskey with a 100% stake. Comiskey Cars Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.3m with low growth in recent years.

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Pomanda's financial health check has awarded Comiskey Cars Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £5.3m, make it larger than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.4%)

EXPORT

Comiskey Cars Ltd's latest turnover from August 2023 is estimated at £5.3 million and the company has net assets of £4.4 million. According to their latest financial statements, Comiskey Cars Ltd has 14 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015
Turnover	5,271,863	5,265,129	11,643,698	4,818,336	4,949,568	6,862,512	3,734,465	2,215,322	1,695,786
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,938,137	4,869,588	10,889,012	4,480,014	4,599,242	6,340,932	3,458,236	2,035,605	1,548,862
Gross Profit	333,726	395,541	754,685	338,322	350,326	521,581	276,230	179,717	146,924
Admin Expenses	-214,472	-260,165	-529,918	-615,598	-343,673	25,550	-177,011	-46,858	27,278
Operating Profit	548,198	655,706	1,284,603	953,920	693,999	496,031	453,241	226,575	119,646
Interest Payable	0	0	15,629	15,629	0	0	0	17,418	18,115
Interest Receivable	82,433	11,973	411	527	1,261	518	62	68	98
Pre-Tax Profit	630,631	667,679	1,269,385	938,819	695,259	496,549	453,302	209,225	101,629
Tax	-157,658	-126,859	-241,183	-178,376	-132,099	-94,344	-86,127	-41,845	-20,326
Profit After Tax	472,973	540,820	1,028,202	760,443	563,160	402,205	367,175	167,380	81,303
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	472,973	540,820	1,028,202	760,443	563,160	402,205	367,175	167,380	81,303
Employee Costs	440,099	439,016	449,129	462,861	200,981	259,374	229,249	194,600	79,628
Number Of Employees	14	14	15	16	7	9	8	7	3
EBITDA*	591,525	655,706	1,305,377	961,172	703,647	505,679	462,902	236,236	124,385

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015
Tangible Assets	129,983	106,509	62,262	41,325	29,007	38,655	48,303	57,964	28,439
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	185,000	185,000	0	0	0	0	0	0	29,682
Total Fixed Assets	314,983	291,509	62,262	41,325	29,007	38,655	48,303	57,964	58,121
Stock & work in progress	2,642,877	2,918,169	0	2,569,183	2,384,212	2,014,665	1,619,017	921,785	593,830
Trade Debtors	241,764	32,658	4,402,809	89,248	29,766	0	42,760	23,340	0
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	3,850	0	0	0	0	0
Cash	1,928,929	1,368,377	0	822,051	232,220	103,933	34,259	15,137	39,277
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	4,813,570	4,319,204	4,402,809	3,484,332	2,646,198	2,118,598	1,696,036	960,262	633,107
total assets	5,128,553	4,610,713	4,465,071	3,525,657	2,675,205	2,157,253	1,744,339	1,018,226	691,228
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	615,664	456,122	440,227	427,345	478,093	511,767	517,658	189,988	52,534
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	224,846	0	0	0	0	0
total current liabilities	615,664	456,122	440,227	652,191	478,093	511,767	517,658	189,988	52,534
loans	0	0	0	512,421	0	0	0	0	557,389
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0
other liabilities	129,226	243,901	654,976	19,377	615,887	627,421	610,821	579,553	0
provisions	0	0	0	0	0	0	0	0	0
total long term liabilities	129,226	243,901	654,976	531,798	615,887	627,421	610,821	579,553	557,389
total liabilities	744,890	700,023	1,095,203	1,183,989	1,093,980	1,139,188	1,128,479	769,541	609,923
net assets	4,383,663	3,910,690	3,369,868	2,341,668	1,581,225	1,018,065	615,860	248,685	81,305
total shareholders funds	4,383,663	3,910,690	3,369,868	2,341,668	1,581,225	1,018,065	615,860	248,685	81,305

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013
Operating Activities
Operating Profit	548,198	655,706	1,284,603	953,920	693,999	496,031	453,241	226,575	119,646	0	0
Depreciation	43,327	0	20,774	7,252	9,648	9,648	9,661	9,661	4,739	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-157,658	-126,859	-241,183	-178,376	-132,099	-94,344	-86,127	-41,845	-20,326	0	0
Stock	-275,292	2,918,169	-2,569,183	184,971	369,547	395,648	697,232	327,955	593,830	0	0
Debtors	209,106	-4,185,151	4,309,711	63,332	29,766	-42,760	19,420	-6,342	29,682	0	0
Creditors	159,542	15,895	12,882	-50,748	-33,674	-5,891	327,670	137,454	52,534	0	0
Accruals and Deferred Income	0	0	-224,846	224,846	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	659,595	1,811,724	-888,298	708,591	138,561	52,556	-12,207	10,232	-466,919	0	0
Investing Activities
capital expenditure	-66,801	-44,247	-41,711	-19,570	0	0	0	-39,186	-33,178	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-66,801	-44,247	-41,711	-19,570	0	0	0	-39,186	-33,178	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-512,421	512,421	0	0	0	-557,389	557,389	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-114,675	-411,075	635,599	-596,510	-11,534	16,600	31,268	579,553	0	0	0
share issue	0	2	-2	0	0	0	0	0	2	0	0
interest	82,433	11,973	-15,218	-15,102	1,261	518	62	-17,350	-18,017	0	0
cash flow from financing	-32,242	-399,100	107,958	-99,191	-10,273	17,118	31,330	4,814	539,374	0	0
cash and cash equivalents
cash	560,552	1,368,377	-822,051	589,831	128,287	69,674	19,122	-24,140	39,277	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	560,552	1,368,377	-822,051	589,831	128,287	69,674	19,122	-24,140	39,277	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMISKEY CARS LTD group structure

Comiskey Cars Ltd has no subsidiary companies.

Ultimate parent company

COMISKEY CARS LTD

NI613869

COMISKEY CARS LTD Shareholders

gareth comiskey

100%

Comiskey Cars Ltd currently has 2 directors. The longest serving directors include Mr Gareth Comiskey (Aug 2012) and Mr John Comiskey (Aug 2012).

officer	country	age	start	end	role
Mr Gareth Comiskey	United Kingdom	41 years	Aug 2012	-	Director
Mr John Comiskey	United Kingdom	75 years	Aug 2012	-	Director

P&L

August 2023

turnover

5.3m

operating profit

548.2k

gross margin

6.4%

-15.74%

turnover

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

Balance Sheet

August 2023

net assets

4.4m

+0.12%

total assets

5.1m

+0.11%

cash

1.9m

+0.41%

net assets

Total assets minus all liabilities

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company number

NI613869

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

August 2012

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

75 belfast road, newry, BT34 1QH

last accounts submitted

August 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 comiskey cars ltd.

comiskey cars ltd Company Information

comiskey cars ltd Estimated Valuation

comiskey cars ltd Estimated Valuation

comiskey cars ltd Estimated Valuation

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COMISKEY CARS LTD financials

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