reliable vehicle solutions limited
reliable vehicle solutions limited Company Information
Company Number
NI615186
Next Accounts
Sep 2025
Shareholders
prestige insurance holdings ltd
Group Structure
View All
Industry
Renting and leasing of cars and light motor vehicles
Registered Address
10 governors place, carrickfergus, county antrim, BT38 7BN
reliable vehicle solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RELIABLE VEHICLE SOLUTIONS LIMITED at £1m based on a Turnover of £1.3m and 0.79x industry multiple (adjusted for size and gross margin).
reliable vehicle solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RELIABLE VEHICLE SOLUTIONS LIMITED at £2.6m based on an EBITDA of £918k and a 2.84x industry multiple (adjusted for size and gross margin).
reliable vehicle solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RELIABLE VEHICLE SOLUTIONS LIMITED at £3.5m based on Net Assets of £1.4m and 2.43x industry multiple (adjusted for liquidity).
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Reliable Vehicle Solutions Limited Overview
Reliable Vehicle Solutions Limited is a live company located in county antrim, BT38 7BN with a Companies House number of NI615186. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in October 2012, it's largest shareholder is prestige insurance holdings ltd with a 100% stake. Reliable Vehicle Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.
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Reliable Vehicle Solutions Limited Health Check
Pomanda's financial health check has awarded Reliable Vehicle Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£16.4m)
£1.3m - Reliable Vehicle Solutions Limited
£16.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.3%)
9% - Reliable Vehicle Solutions Limited
8.3% - Industry AVG
Production
with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)
31.6% - Reliable Vehicle Solutions Limited
31.6% - Industry AVG
Profitability
an operating margin of 42.1% make it more profitable than the average company (11.7%)
42.1% - Reliable Vehicle Solutions Limited
11.7% - Industry AVG
Employees
with 7 employees, this is below the industry average (44)
7 - Reliable Vehicle Solutions Limited
44 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has an equivalent pay structure (£42.1k)
£35.3k - Reliable Vehicle Solutions Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £185.4k, this is less efficient (£311.1k)
£185.4k - Reliable Vehicle Solutions Limited
£311.1k - Industry AVG
Debtor Days
it gets paid by customers after 212 days, this is later than average (33 days)
212 days - Reliable Vehicle Solutions Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Reliable Vehicle Solutions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Reliable Vehicle Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (3 weeks)
34 weeks - Reliable Vehicle Solutions Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.6%, this is a lower level of debt than the average (79.3%)
42.6% - Reliable Vehicle Solutions Limited
79.3% - Industry AVG
RELIABLE VEHICLE SOLUTIONS LIMITED financials
Reliable Vehicle Solutions Limited's latest turnover from December 2023 is £1.3 million and the company has net assets of £1.4 million. According to their latest financial statements, Reliable Vehicle Solutions Limited has 7 employees and maintains cash reserves of £326 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,298,000 | 1,221,000 | 995,000 | 990,000 | 936,000 | 971,000 | 1,235,000 | 1,236,000 | 814,000 | 925,000 | 1,200,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | 547,000 | 271,000 | 149,000 | 381,000 | 326,000 | 275,000 | 332,000 | 347,000 | 194,000 | 309,000 | 39,000 |
| Interest Payable | 49,000 | 26,000 | 30,000 | 27,000 | 14,000 | 21,000 | 33,000 | 40,000 | 26,000 | 15,000 | 25,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 4,000 | 5,000 |
| Pre-Tax Profit | 498,000 | 245,000 | 119,000 | 354,000 | 312,000 | 254,000 | 299,000 | 307,000 | 169,000 | 298,000 | 19,000 |
| Tax | -118,000 | -35,000 | 3,000 | -67,000 | -58,000 | -48,000 | -60,000 | -65,000 | -39,000 | -62,000 | -4,000 |
| Profit After Tax | 380,000 | 210,000 | 122,000 | 287,000 | 254,000 | 206,000 | 239,000 | 242,000 | 130,000 | 236,000 | 15,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 200,000 | 500,000 | 0 | 200,000 | 0 | 0 |
| Retained Profit | 380,000 | 210,000 | 122,000 | 287,000 | 254,000 | 6,000 | -261,000 | 242,000 | -70,000 | 236,000 | 15,000 |
| Employee Costs | 247,000 | 235,000 | 196,000 | 194,000 | 178,000 | 204,000 | 238,000 | 241,000 | 182,000 | 161,000 | 202,000 |
| Number Of Employees | 7 | 7 | 6 | 7 | 7 | 6 | 7 | 6 | 6 | 6 | 6 |
| EBITDA* | 918,000 | 552,000 | 428,000 | 641,000 | 472,000 | 453,000 | 571,000 | 586,000 | 373,000 | 428,000 | 117,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 788,000 | 440,000 | 560,000 | 798,000 | 462,000 | 268,000 | 349,000 | 601,000 | 495,000 | 435,000 | 220,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 788,000 | 440,000 | 560,000 | 798,000 | 462,000 | 268,000 | 349,000 | 601,000 | 495,000 | 435,000 | 220,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,000 |
| Trade Debtors | 757,000 | 906,000 | 962,000 | 924,000 | 1,037,000 | 879,000 | 975,000 | 823,000 | 515,000 | 362,000 | 151,000 |
| Group Debtors | 401,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 204,000 | 231,000 | 95,000 | 76,000 | 49,000 | 55,000 | 67,000 | 38,000 | 40,000 | 30,000 | 18,000 |
| Cash | 326,000 | 284,000 | 135,000 | 429,000 | 195,000 | 118,000 | 109,000 | 104,000 | 116,000 | 49,000 | 34,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,688,000 | 1,421,000 | 1,192,000 | 1,429,000 | 1,281,000 | 1,052,000 | 1,151,000 | 965,000 | 671,000 | 441,000 | 222,000 |
| total assets | 2,476,000 | 1,861,000 | 1,752,000 | 2,227,000 | 1,743,000 | 1,320,000 | 1,500,000 | 1,566,000 | 1,166,000 | 876,000 | 442,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 2,000 | 3,000 | 1,000 | 2,000 | 4,000 | 4,000 | 4,000 | 11,000 | 17,000 | 10,000 |
| Group/Directors Accounts | 0 | 103,000 | 240,000 | 742,000 | 654,000 | 663,000 | 652,000 | 217,000 | 348,000 | 189,000 | 288,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 232,000 | 285,000 | 260,000 | 197,000 | 132,000 | 173,000 | 427,000 | 265,000 | 99,000 | 83,000 | 68,000 |
| other current liabilities | 258,000 | 259,000 | 162,000 | 55,000 | 239,000 | 218,000 | 255,000 | 218,000 | 123,000 | 116,000 | 35,000 |
| total current liabilities | 490,000 | 649,000 | 665,000 | 995,000 | 1,027,000 | 1,058,000 | 1,176,000 | 704,000 | 581,000 | 405,000 | 401,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 565,000 | 171,000 | 256,000 | 523,000 | 294,000 | 94,000 | 0 | 439,000 | 404,000 | 220,000 | 26,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 565,000 | 171,000 | 256,000 | 523,000 | 294,000 | 94,000 | 162,000 | 439,000 | 404,000 | 220,000 | 26,000 |
| total liabilities | 1,055,000 | 820,000 | 921,000 | 1,518,000 | 1,321,000 | 1,152,000 | 1,338,000 | 1,143,000 | 985,000 | 625,000 | 427,000 |
| net assets | 1,421,000 | 1,041,000 | 831,000 | 709,000 | 422,000 | 168,000 | 162,000 | 423,000 | 181,000 | 251,000 | 15,000 |
| total shareholders funds | 1,421,000 | 1,041,000 | 831,000 | 709,000 | 422,000 | 168,000 | 162,000 | 423,000 | 181,000 | 251,000 | 15,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 547,000 | 271,000 | 149,000 | 381,000 | 326,000 | 275,000 | 332,000 | 347,000 | 194,000 | 309,000 | 39,000 |
| Depreciation | 371,000 | 281,000 | 279,000 | 260,000 | 146,000 | 178,000 | 239,000 | 239,000 | 179,000 | 119,000 | 78,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -118,000 | -35,000 | 3,000 | -67,000 | -58,000 | -48,000 | -60,000 | -65,000 | -39,000 | -62,000 | -4,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19,000 | 19,000 |
| Debtors | 225,000 | 80,000 | 57,000 | -86,000 | 44,000 | -108,000 | 181,000 | 306,000 | 163,000 | 223,000 | 169,000 |
| Creditors | -2,000 | -1,000 | 2,000 | -1,000 | -2,000 | 0 | 0 | -7,000 | -6,000 | 7,000 | 10,000 |
| Accruals and Deferred Income | -1,000 | 97,000 | 107,000 | -184,000 | -16,000 | -37,000 | 37,000 | 95,000 | 7,000 | 81,000 | 35,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 572,000 | 533,000 | 483,000 | 475,000 | 352,000 | 476,000 | 367,000 | 303,000 | 172,000 | 250,000 | -30,000 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -103,000 | -137,000 | -502,000 | 88,000 | 2,000 | 11,000 | 435,000 | -131,000 | 159,000 | -99,000 | 288,000 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 341,000 | -60,000 | -204,000 | 294,000 | -1,000 | -160,000 | -277,000 | 201,000 | 200,000 | 209,000 | 94,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -49,000 | -26,000 | -30,000 | -27,000 | -14,000 | -21,000 | -33,000 | -40,000 | -25,000 | -11,000 | -20,000 |
| cash flow from financing | 189,000 | -223,000 | -736,000 | 355,000 | -7,000 | -170,000 | 125,000 | 30,000 | 334,000 | 99,000 | 362,000 |
| cash and cash equivalents | |||||||||||
| cash | 42,000 | 149,000 | -294,000 | 234,000 | 86,000 | 9,000 | 5,000 | -12,000 | 67,000 | 15,000 | 34,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 42,000 | 149,000 | -294,000 | 234,000 | 86,000 | 9,000 | 5,000 | -12,000 | 67,000 | 15,000 | 34,000 |
reliable vehicle solutions limited Credit Report and Business Information
Reliable Vehicle Solutions Limited Competitor Analysis
Perform a competitor analysis for reliable vehicle solutions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BT38 area or any other competitors across 12 key performance metrics.
reliable vehicle solutions limited Ownership
RELIABLE VEHICLE SOLUTIONS LIMITED group structure
Reliable Vehicle Solutions Limited has no subsidiary companies.
Ultimate parent company
CAPITAL Z (PRESTIGE) PARTNERS LP
#0115480
2 parents
RELIABLE VEHICLE SOLUTIONS LIMITED
NI615186
reliable vehicle solutions limited directors
Reliable Vehicle Solutions Limited currently has 3 directors. The longest serving directors include Mr Mark McKinney (Oct 2012) and Mr Paul Hanna (Oct 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark McKinney | Northern Ireland | 48 years | Oct 2012 | - | Director |
| Mr Paul Hanna | England | 48 years | Oct 2012 | - | Director |
| Mr Justin Hillen | Northern Ireland | 47 years | Jul 2022 | - | Director |
P&L
December 2023turnover
1.3m
+6%
operating profit
547k
+102%
gross margin
31.6%
+4.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4m
+0.37%
total assets
2.5m
+0.33%
cash
326k
+0.15%
net assets
Total assets minus all liabilities
reliable vehicle solutions limited company details
company number
NI615186
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
October 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
10 governors place, carrickfergus, county antrim, BT38 7BN
Bank
DANSKE BANK LIMITED
Legal Advisor
CARSON MCDOWELL
reliable vehicle solutions limited Charges & Mortgages
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 4 charges/mortgages relating to reliable vehicle solutions limited. Currently there are 1 open charges and 3 have been satisfied in the past.
reliable vehicle solutions limited Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for RELIABLE VEHICLE SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
reliable vehicle solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
