Errigal Motor Company Ltd

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errigal motor company ltd Company Information

Live

YoungSmallDeclining

Company Number

NI634742

Website

www.errigalmotorcompany.co.uk

Registered Address

34-36 dundrod road, nutts corner, crumlin, BT29 4ST

Industry

Sale of used cars and light motor vehicles

Telephone

Next Accounts Due

August 2024

Group Structure

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Directors

Conor Moran8 Years

Shareholders

conor moran 66.7%

danielle moran 33.3%

errigal motor company ltd Estimated Valuation

£78k - £430.3k

The estimated valuation range for errigal motor company ltd, derived from financial data as of November 2022 and the most recent industry multiples, is between £78k to £430.3k

Get a detailed valuation report, edit figures and unlock valuation multiples.

Errigal Motor Company Ltd AI Business Plan

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Errigal Motor Company Ltd is a live company located in crumlin, BT29 4ST with a Companies House number of NI634742. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in November 2015, it's largest shareholder is conor moran with a 66.7% stake. Errigal Motor Company Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Errigal Motor Company Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ERRIGAL MOTOR COMPANY LTD group structure

Errigal Motor Company Ltd has no subsidiary companies.

Ultimate parent company

ERRIGAL MOTOR COMPANY LTD

NI634742

ERRIGAL MOTOR COMPANY LTD Shareholders

conor moran	66.67%
danielle moran	33.33%

Errigal Motor Company Ltd currently has 1 director, Mr Conor Moran serving since Nov 2015.

officer	country	age	start	end	role
Mr Conor Moran	Northern Ireland	31 years	Nov 2015	-	Director

EXPORT

Errigal Motor Company Ltd's latest turnover from November 2022 is estimated at £1.1 million and the company has net assets of £162.6 thousand. According to their latest financial statements, Errigal Motor Company Ltd has 2 employees and maintains cash reserves of £64.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016
Turnover	1,135,832	1,156,362	744,913	1,151,197	978,221	781,143	318,586
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	1,048,131	1,083,828	694,048	1,070,365	904,909	723,364	293,824
Gross Profit	87,702	72,534	50,865	80,832	73,312	57,779	24,762
Admin Expenses	68,106	53,338	-15,181	58,048	34,745	42,067	8,876
Operating Profit	19,596	19,196	66,046	22,784	38,567	15,712	15,886
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	2,702	115	58	0	0	71	35
Pre-Tax Profit	22,298	19,311	66,104	22,784	38,567	15,783	15,921
Tax	-4,237	-3,669	-12,560	-4,329	-7,328	-2,999	-3,184
Profit After Tax	18,061	15,642	53,544	18,455	31,239	12,784	12,737
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	18,061	15,642	53,544	18,455	31,239	12,784	12,737
Employee Costs	62,717	59,884	57,961	57,953	28,069	55,902	27,881
Number Of Employees	2	2	2	2	1	2	1
EBITDA*	26,921	26,188	72,311	22,784	38,567	15,712	16,936

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016
Tangible Assets	13,575	19,235	17,646	10,153	8,650	3,450	4,500
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	13,575	19,235	17,646	10,153	8,650	3,450	4,500
Stock & work in progress	383,128	320,452	250,548	0	0	0	44,460
Trade Debtors	18,987	0	24,831	253,405	202,943	135,969	0
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	64,632	115,497	114,993	0	0	0	28,294
misc current assets	0	0	0	0	0	0	0
total current assets	466,747	435,949	390,372	253,405	202,943	135,969	72,754
total assets	480,322	455,184	408,018	263,558	211,593	139,419	77,254
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	275,113	267,385	204,061	105,317	135,910	30,515	64,417
Group/Directors Accounts	0	0	0	0	0	75,038	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	275,113	267,385	204,061	105,317	135,910	105,553	64,417
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	12,259	12,259	8,345	0
other liabilities	42,597	43,248	75,098	70,767	6,664	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	42,597	43,248	75,098	83,026	18,923	8,345	0
total liabilities	317,710	310,633	279,159	188,343	154,833	113,898	64,417
net assets	162,612	144,551	128,859	75,215	56,760	25,521	12,837
total shareholders funds	162,612	144,551	128,859	75,215	56,760	25,521	12,837

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016
Operating Activities
Operating Profit	19,596	19,196	66,046	22,784	38,567	15,712	15,886
Depreciation	7,325	6,992	6,265	0	0	0	1,050
Amortisation	0	0	0	0	0	0	0
Tax	-4,237	-3,669	-12,560	-4,329	-7,328	-2,999	-3,184
Stock	62,676	69,904	250,548	0	0	-44,460	44,460
Debtors	18,987	-24,831	-228,574	50,462	66,974	135,969	0
Creditors	7,728	63,324	98,744	-30,593	105,395	-33,902	64,417
Accruals and Deferred Income	0	0	-12,259	0	3,914	8,345	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	-51,251	40,770	124,262	-62,600	73,574	-104,353	33,709
Investing Activities
capital expenditure	-1,665	-8,581	-13,758	-1,503	-5,200	1,050	-5,550
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-1,665	-8,581	-13,758	-1,503	-5,200	1,050	-5,550
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-75,038	75,038	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-651	-31,850	4,331	64,103	6,664	0	0
share issue	0	50	100	0	0	-100	100
interest	2,702	115	58	0	0	71	35
cash flow from financing	2,051	-31,685	4,489	64,103	-68,374	75,009	135
cash and cash equivalents
cash	-50,865	504	114,993	0	0	-28,294	28,294
overdraft	0	0	0	0	0	0	0
change in cash	-50,865	504	114,993	0	0	-28,294	28,294

P&L

November 2022

turnover

1.1m

-2%

operating profit

19.6k

gross margin

7.8%

+23.1%

turnover

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

Balance Sheet

November 2022

net assets

162.6k

+0.12%

total assets

480.3k

+0.06%

cash

64.6k

-0.44%

net assets

Total assets minus all liabilities

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company number

NI634742

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

November 2015

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

34-36 dundrod road, nutts corner, crumlin, BT29 4ST

last accounts submitted

November 2022

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 errigal motor company ltd.

errigal motor company ltd Company Information

errigal motor company ltd Estimated Valuation

errigal motor company ltd Estimated Valuation

errigal motor company ltd Estimated Valuation

Errigal Motor Company Ltd AI Business Plan

Errigal Motor Company Ltd Overview

Errigal Motor Company Ltd Health Check

errigal motor company ltd Credit Report and Business Information

Errigal Motor Company Ltd Competitor Analysis

errigal motor company ltd Ownership

errigal motor company ltd directors

ERRIGAL MOTOR COMPANY LTD financials

errigal motor company ltd company details

errigal motor company ltd Charges & Mortgages

errigal motor company ltd Companies House Filings - See Documents