Lower Mill Garage Limited

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lower mill garage limited Company Information

Live

MatureMicroDeclining

Company Number

SC054824

Next Accounts

Apr 2025

Industry

Maintenance and repair of motor vehicles

Directors

Gordon Mitchell

Shareholders

gwm16 holdings ltd

Group Structure

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Contact

Registered Address

lowermill road, clarkston, glasgow, G76 8BJ

Website

lowermillgarage.co.uk

lower mill garage limited Estimated Valuation

£428.7k

Pomanda estimates the enterprise value of LOWER MILL GARAGE LIMITED at £428.7k based on Net Assets of £142.6k and 3.01x industry multiple (adjusted for liquidity).

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Lower Mill Garage Limited is a live company located in glasgow, G76 8BJ with a Companies House number of SC054824. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in January 1974, it's largest shareholder is gwm16 holdings ltd with a 100% stake. Lower Mill Garage Limited is a mature, micro sized company, Pomanda has estimated its turnover at £442.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Lower Mill Garage Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £442.5k, make it in line with the average company (£455k)

Growth

3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (6.8%)

EXPORT

Lower Mill Garage Limited's latest turnover from July 2023 is estimated at £442.5 thousand and the company has net assets of £142.6 thousand. According to their latest financial statements, Lower Mill Garage Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	442,451	1,257,748	1,237,519	1,449,268	1,263,709	1,411,782	1,359,169	112,593	98,502	78,373	90,607	46,862	67,508	75,325	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	341,137	982,810	974,161	1,107,231	955,750	1,034,785	987,809	80,754	72,100	56,923	64,805	33,335	47,310	52,070	0
Gross Profit	101,314	274,938	263,358	342,037	307,960	376,997	371,360	31,839	26,402	21,450	25,802	13,526	20,198	23,255	0
Admin Expenses	540,093	258,153	279,989	315,184	291,076	343,565	313,571	-21,189	30,346	-28,486	-29,292	-14,802	-29,983	33,426	-410,392
Operating Profit	-438,779	16,785	-16,631	26,853	16,884	33,432	57,789	53,028	-3,944	49,936	55,094	28,328	50,181	-10,171	410,392
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	595	2,275	2,093	1,895	1,634	1,426	1,264	1,194	608
Pre-Tax Profit	-438,779	16,785	-16,631	26,853	16,884	33,432	58,384	55,303	-1,851	51,830	56,727	29,754	51,445	-8,977	411,000
Tax	0	-3,189	0	-5,102	-3,208	-6,352	-11,093	-11,060	0	-10,884	-13,047	-7,141	-13,376	0	-115,080
Profit After Tax	-438,779	13,596	-16,631	21,751	13,676	27,080	47,291	44,242	-1,851	40,946	43,680	22,613	38,069	-8,977	295,920
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-438,779	13,596	-16,631	21,751	13,676	27,080	47,291	44,242	-1,851	40,946	43,680	22,613	38,069	-8,977	295,920
Employee Costs	164,553	131,273	128,024	136,597	143,002	141,093	136,092	26,635	26,616	26,564	26,335	24,850	24,706	23,805	0
Number Of Employees	6	5	5	5	5	5	5	1	1	1	1	1	1	1	0
EBITDA*	-438,779	16,785	-16,631	26,853	16,884	33,432	57,789	55,537	-1,459	52,794	58,414	32,264	54,587	-4,904	416,744

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	69,837	73,295	77,375	77,734	82,433	86,250	91,994	71,215	71,524	74,009	76,867	80,187	82,912	87,318	92,585
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	69,837	73,295	77,375	77,734	82,433	86,250	91,994	71,215	71,524	74,009	76,867	80,187	82,912	87,318	92,585
Stock & work in progress	0	0	0	0	0	0	0	820	820	700	700	700	700	770	770
Trade Debtors	124,993	551,215	524,187	549,828	501,288	543,042	501,097	8,509	5,859	6,979	10,741	3,113	7,761	7,979	7,114
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	12,557	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	476,143	433,703	403,647	354,218	299,201	271,166	234,408	243,353
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	124,993	551,215	524,187	549,828	513,845	543,042	501,097	485,472	440,382	411,326	365,659	303,014	279,627	243,157	251,237
total assets	194,830	624,510	601,562	627,562	596,278	629,292	593,091	556,687	511,906	485,335	442,526	383,201	362,539	330,475	343,822
Bank overdraft	0	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	0
Trade Creditors	52,204	43,105	33,753	43,122	33,589	80,279	71,158	80,485	80,038	51,361	49,192	33,165	34,821	40,263	43,993
Group/Directors Accounts	0	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	0
hp & lease commitments	0	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	0
total current liabilities	52,204	43,105	33,753	43,122	33,589	80,279	71,158	80,485	80,038	51,361	49,192	33,165	34,821	40,263	43,993
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	1,410	1,318	1,573	1,879	2,261	2,556	3,119	3,759
total long term liabilities	0	0	0	0	0	0	0	1,410	1,318	1,573	1,879	2,261	2,556	3,119	3,759
total liabilities	52,204	43,105	33,753	43,122	33,589	80,279	71,158	81,895	81,356	52,934	51,071	35,426	37,377	43,382	47,752
net assets	142,626	581,405	567,809	584,440	562,689	549,013	521,933	474,792	430,550	432,401	391,455	347,775	325,162	287,093	296,070
total shareholders funds	142,626	581,405	567,809	584,440	562,689	549,013	521,933	474,792	430,550	432,401	391,455	347,775	325,162	287,093	296,070

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-438,779	16,785	-16,631	26,853	16,884	33,432	57,789	53,028	-3,944	49,936	55,094	28,328	50,181	-10,171	410,392
Depreciation	0	0	0	0	0	0	0	2,509	2,485	2,858	3,320	3,936	4,406	5,267	6,352
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-3,189	0	-5,102	-3,208	-6,352	-11,093	-11,060	0	-10,884	-13,047	-7,141	-13,376	0	-115,080
Stock	0	0	0	0	0	0	-820	0	120	0	0	0	-70	0	770
Debtors	-426,222	27,028	-25,641	35,983	-29,197	41,945	492,588	2,650	-1,120	-3,762	7,628	-4,648	-218	865	7,114
Creditors	9,099	9,352	-9,369	9,533	-46,690	9,121	-9,327	447	28,677	2,169	16,027	-1,656	-5,442	-3,730	43,993
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-1,410	92	-255	-306	-382	-295	-563	-640	3,759
Cash flow from operations	-3,458	-4,080	-359	-4,699	-3,817	-5,744	-455,809	42,366	27,963	47,535	53,384	27,820	35,494	-10,139	341,532
Investing Activities
capital expenditure	3,458	4,080	359	4,699	3,817	5,744	-20,779	-2,200	0	0	0	-1,211	0	0	-98,937
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,458	4,080	359	4,699	3,817	5,744	-20,779	-2,200	0	0	0	-1,211	0	0	-98,937
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-150	0	0	0	0	0	0	0	150
interest	0	0	0	0	0	0	595	2,275	2,093	1,895	1,634	1,426	1,264	1,194	608
cash flow from financing	0	0	0	0	0	0	445	2,275	2,093	1,895	1,634	1,426	1,264	1,194	758
cash and cash equivalents
cash	0	0	0	0	0	0	-476,143	42,440	30,056	49,429	55,017	28,035	36,758	-8,945	243,353
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-476,143	42,440	30,056	49,429	55,017	28,035	36,758	-8,945	243,353

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for lower mill garage limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in G76 area or any other competitors across 12 key performance metrics.

LOWER MILL GARAGE LIMITED group structure

Lower Mill Garage Limited has no subsidiary companies.

Ultimate parent company

LOWER MILL GARAGE LIMITED

SC054824

LOWER MILL GARAGE LIMITED Shareholders

gwm16 holdings ltd

100%

Lower Mill Garage Limited currently has 1 director, Mr Gordon Mitchell serving since Aug 1994.

officer	country	age	start	end	role
Mr Gordon Mitchell	Scotland	55 years	Aug 1994	-	Director

P&L

July 2023

turnover

442.5k

-65%

operating profit

-438.8k

gross margin

22.9%

+4.75%

turnover

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

Balance Sheet

July 2023

net assets

142.6k

-0.75%

total assets

194.8k

-0.69%

cash

net assets

Total assets minus all liabilities

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3.5

company number

SC054824

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

January 1974

ultimate parent company

None

previous names

N/A

address

lowermill road, clarkston, glasgow, G76 8BJ

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 2 charges/mortgages relating to lower mill garage limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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lower mill garage limited Company Information

lower mill garage limited Estimated Valuation

lower mill garage limited Estimated Valuation

lower mill garage limited Estimated Valuation

Lower Mill Garage Limited Overview

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LOWER MILL GARAGE LIMITED financials

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