Bridgend Garage Limited

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bridgend garage limited Company Information

Live

MatureLargeHealthy

Company Number

SC098499

Website

www.bridgendgroup.co.uk

Registered Address

riverside complex, glasgow road, kilwinning, ayrshire, KA13 7JB

Industry

Sale of new cars and light motor vehicles

Sale of used cars and light motor vehicles

Telephone

01292290902

Next Accounts Due

December 2024

Group Structure

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Directors

Alexander McLaughlan35 Years

Daniel McLaughlan35 Years

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Shareholders

bridgend holdings ltd 100%

alan mclaughlan 0%

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bridgend garage limited Estimated Valuation

£44.3m

Pomanda estimates the enterprise value of BRIDGEND GARAGE LIMITED at £44.3m based on Net Assets of £14.4m and 3.08x industry multiple (adjusted for liquidity).

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Bridgend Garage Limited is a live company located in kilwinning, KA13 7JB with a Companies House number of SC098499. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in April 1986, it's largest shareholder is bridgend holdings ltd with a 100% stake. Bridgend Garage Limited is a mature, large sized company, Pomanda has estimated its turnover at £39.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Bridgend Garage Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £39.8m, make it larger than the average company (£26.9m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.6%)

EXPORT

Bridgend Garage Limited's latest turnover from March 2023 is £39.8 million and the company has net assets of £14.4 million. According to their latest financial statements, Bridgend Garage Limited has 206 employees and maintains cash reserves of £1.1 million 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	39,754,444	44,554,330	26,947,200	30,977,599	30,820,700	28,414,662	25,117,541	22,389,526	17,414,830	14,178,079	13,060,732	11,843,713	12,475,210	11,576,262
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	32,788,659	36,589,797	21,929,965	25,853,725	25,811,782	23,984,719	20,888,088	18,211,912	15,435,772	10,729,118	9,711,284	8,839,561	11,021,750	10,173,960
Gross Profit	6,965,785	7,964,533	5,017,235	5,123,874	5,008,918	4,429,943	4,229,453	4,177,614	1,979,058	3,448,961	3,349,448	3,004,152	1,453,460	1,402,302
Admin Expenses	5,874,842	5,113,992	3,454,275	4,306,127	3,899,527	3,502,976	3,583,782	3,438,001	1,492,965	3,107,446	2,888,357	2,780,365	1,195,354	1,088,885
Operating Profit	1,090,943	2,850,541	1,562,960	817,747	1,109,391	926,967	645,671	739,613	486,093	341,515	461,091	223,787	258,106	313,417
Interest Payable	99,418	82,852	74,996	65,856	48,218	35,546	139,705	110,005	0	0	4,486	4,205	3,895	2,882
Interest Receivable	160,374	161,790	115,317	119,230	105,726	95,550	75,683	58,001	55,250	20,116	24	29	56	61
Pre-Tax Profit	1,151,899	2,929,479	1,360,488	871,121	1,166,899	986,971	3,581,649	687,609	541,343	361,631	461,115	223,816	258,162	313,478
Tax	-170,326	-589,330	-315,840	-175,253	-233,104	-196,143	-127,967	-146,407	-119,730	-90,370	-113,610	-54,799	-77,349	-89,041
Profit After Tax	981,573	2,340,149	1,044,648	695,868	933,795	790,828	3,453,682	541,202	421,613	271,261	347,505	169,017	180,813	224,437
Dividends Paid	155,632	129,891	116,629	96,586	16,000	40,000	0	0	0	0	0	0	0	0
Retained Profit	825,941	2,210,258	928,019	599,282	917,795	750,828	3,453,682	541,202	421,613	271,261	347,505	169,017	180,813	224,437
Employee Costs	5,837,014	5,028,877	4,081,185	4,102,878	3,789,632	3,387,228	3,302,311	2,995,782	2,402,408	2,083,591	2,067,383	1,979,299	2,051,526	1,967,026
Number Of Employees	206	189	161	157	166	140	134	129	106	97	82	89	77	70
EBITDA*	1,275,710	2,970,939	1,683,358	938,145	1,229,789	1,047,365	741,257	831,335	579,270	442,115	532,944	304,616	331,515	381,776

* 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	4,147,147	3,867,380	3,944,062	3,812,834	3,034,708	2,662,718	2,705,983	2,776,888	2,834,717	3,096,126	2,226,536	2,303,166	2,328,728	2,352,251
Intangible Assets	0	-338,872	-351,270	-363,668	-376,066	-388,464	-400,862	-413,260	-425,658	-438,056	-450,454	-462,852	-475,250	-487,648
Investments & Other	1,363,420	1,595,670	1,143,420	232,250	297,250	297,250	297,250	297,250	297,250	0	0	0	0	0
Debtors (Due After 1 year)	744,170	1,009,990	314,032	327,402	225,075	179,738	208,427	177,460	128,842	131,607	0	0	0	0
Total Fixed Assets	6,254,737	6,134,168	5,050,244	4,008,818	3,180,967	2,751,242	2,810,798	2,838,338	2,835,151	2,789,677	1,776,082	1,840,314	1,853,478	1,864,603
Stock & work in progress	11,776,652	12,566,828	10,224,799	9,027,389	9,495,426	7,681,578	7,413,120	6,267,324	5,184,464	4,632,104	3,838,908	3,910,848	3,712,798	3,592,303
Trade Debtors	936,302	875,560	646,863	792,964	655,689	726,623	463,162	330,236	266,368	296,708	310,866	279,804	229,865	209,453
Group Debtors	0	0	0	242,793	242,793	242,793	242,793	242,793	242,793	242,793	242,793	242,793	242,793	242,793
Misc Debtors	68,521	78,006	64,936	66,144	476,565	69,016	45,228	61,845	83,611	103,477	113,236	77,152	60,130	38,633
Cash	1,123,883	1,050,827	1,554,676	1,207,018	225,538	676,050	106,649	96,900	151,990	58,482	55,392	70,507	23,630	44,569
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	13,905,358	14,571,221	12,491,274	11,336,308	11,096,011	9,396,060	8,270,952	6,999,098	5,929,226	5,333,564	4,561,195	4,581,104	4,269,216	4,127,751
total assets	20,160,095	20,705,389	17,541,518	15,345,126	14,276,978	12,147,302	11,081,750	9,837,436	8,764,377	8,123,241	6,337,277	6,421,418	6,122,694	5,992,354
Bank overdraft	0	0	0	13,044	527,682	212,784	540,353	481,243	228,816	456,253	24,800	83,233	16,148	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	492,094	473,320	268,817	196,144	148,112	251,419	197,027	183,945	222,336	151,100	220,785	253,022	195,549	332,596
Group/Directors Accounts	3,162,814	4,316,692	2,198,185	2,213,172	1,817,319	1,412,609	1,082,008	3,156,215	3,502,313	3,424,945	2,240,276	2,596,703	2,574,649	2,445,868
other short term finances	275,714	119,796	822,074	642,821	814,601	452,917	373,039	799,592	225,000	0	15,000	15,000	15,000	88,685
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,463,632	1,917,022	2,639,667	1,654,249	1,098,820	867,928	692,099	472,810	362,497	306,010	332,791	308,440	335,608	322,140
total current liabilities	5,394,254	6,826,830	5,928,743	4,719,430	4,406,534	3,197,657	2,884,526	5,093,805	4,540,962	4,338,308	2,833,652	3,256,398	3,136,954	3,189,289
loans	0	0	0	0	0	0	0	0	18,750	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	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
provisions	363,279	301,938	246,412	187,356	31,386	28,382	26,798	26,887	29,123	32,649	22,602	31,502	21,239	19,377
total long term liabilities	363,279	301,938	246,412	187,356	31,386	28,382	26,798	26,887	47,873	32,649	22,602	31,502	21,239	19,377
total liabilities	5,757,533	7,128,768	6,175,155	4,906,786	4,437,920	3,226,039	2,911,324	5,120,692	4,588,835	4,370,957	2,856,254	3,287,900	3,158,193	3,208,666
net assets	14,402,562	13,576,621	11,366,363	10,438,340	9,839,058	8,921,263	8,170,426	4,716,744	4,175,542	3,752,284	3,481,023	3,133,518	2,964,501	2,783,688
total shareholders funds	14,402,562	13,576,621	11,366,363	10,438,340	9,839,058	8,921,263	8,170,426	4,716,744	4,175,542	3,752,284	3,481,023	3,133,518	2,964,501	2,783,688

	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	1,090,943	2,850,541	1,562,960	817,747	1,109,391	926,967	645,671	739,613	486,093	341,515	461,091	223,787	258,106	313,417
Depreciation	184,767	108,000	108,000	108,000	108,000	108,000	107,984	104,120	105,575	112,998	84,251	93,227	85,807	80,757
Amortisation	0	12,398	12,398	12,398	12,398	12,398	-12,398	-12,398	-12,398	-12,398	-12,398	-12,398	-12,398	-12,398
Tax	-170,326	-589,330	-315,840	-175,253	-233,104	-196,143	-127,967	-146,407	-119,730	-90,370	-113,610	-54,799	-77,349	-89,041
Stock	-790,176	2,342,029	1,197,410	-468,037	1,813,848	268,458	1,145,796	1,082,860	552,360	793,196	-71,940	198,050	120,495	3,592,303
Debtors	-214,563	937,725	-403,472	-170,819	381,952	258,560	147,276	90,720	-52,971	107,690	67,146	66,961	41,909	490,879
Creditors	18,774	204,503	72,673	48,032	-103,307	54,392	13,082	-38,391	71,236	-69,685	-32,237	57,473	-137,047	332,596
Accruals and Deferred Income	-453,390	-722,645	985,418	555,429	230,892	175,829	219,289	110,313	56,487	-26,781	24,351	-27,168	13,468	322,140
Deferred Taxes & Provisions	61,341	55,526	59,056	155,970	3,004	1,584	-89	-2,236	-3,526	10,047	-8,900	10,263	1,862	19,377
Cash flow from operations	1,736,848	-1,360,761	1,690,727	2,161,179	-1,068,526	556,009	-447,500	-418,966	84,348	-635,560	407,342	25,374	-29,955	-3,116,334
Investing Activities
capital expenditure	0	0	0	0	-486,309	-63,732	-39,059	-45,889	-139,771	-982,588	-7,621	-67,665	-62,284	-1,932,962
Change in Investments	-232,250	452,250	911,170	-65,000	0	0	0	0	297,250	0	0	0	0	0
cash flow from investments	232,250	-452,250	-911,170	65,000	-486,309	-63,732	-39,059	-45,889	-437,021	-982,588	-7,621	-67,665	-62,284	-1,932,962
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,153,878	2,118,507	-14,987	395,853	404,710	330,601	-2,074,207	-346,098	77,368	1,184,669	-356,427	22,054	128,781	2,445,868
Other Short Term Loans	155,918	-702,278	179,253	-171,780	361,684	79,878	-426,553	574,592	225,000	-15,000	0	0	-73,685	88,685
Long term loans	0	0	0	0	0	0	0	-18,750	18,750	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	4	0	0	9	0	0	1,645	0	0	0	0	2,559,251
interest	60,956	78,938	40,321	53,374	57,508	60,004	-64,022	-52,004	55,250	20,116	-4,462	-4,176	-3,839	-2,821
cash flow from financing	-937,004	1,495,167	204,591	277,447	823,902	470,492	-2,564,782	157,740	378,013	1,189,785	-360,889	17,878	51,257	5,090,983
cash and cash equivalents
cash	73,056	-503,849	347,658	981,480	-450,512	569,401	9,749	-55,090	93,508	3,090	-15,115	46,877	-20,939	44,569
overdraft	0	0	-13,044	-514,638	314,898	-327,569	59,110	252,427	-227,437	431,453	-58,433	67,085	16,148	0
change in cash	73,056	-503,849	360,702	1,496,118	-765,410	896,970	-49,361	-307,517	320,945	-428,363	43,318	-20,208	-37,087	44,569

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 bridgend garage limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in KA13 area or any other competitors across 12 key performance metrics.

BRIDGEND GARAGE LIMITED group structure

Bridgend Garage Limited has 3 subsidiary companies.

Ultimate parent company

BRIDGEND HOLDINGS LIMITED

SC175640

1 parent

BRIDGEND GARAGE LIMITED

SC098499

3 subsidiaries

VEHICLE TRADE CENTRE LTD

SC462230

WE BUY AYRSHIRE VANS LTD

SC462227

WE BUY AYRSHIRE CARS LTD

SC462247

BRIDGEND GARAGE LIMITED Shareholders

bridgend holdings ltd	99.99%
alan mclaughlan	0%
james mclaughlan	0%
sofia logan	0%
amanda boucher	0%
craig nixon	0%
ethan logan	0%
gary logan	0%
sofia indra logan	0%
alison mitchell	0%

Bridgend Garage Limited currently has 4 directors. The longest serving directors include Mr Alexander McLaughlan (Dec 1988) and Mr Daniel McLaughlan (Dec 1988).

officer	country	age	start	end	role
Mr Alexander McLaughlan	Scotland	76 years	Dec 1988	-	Director
Mr Daniel McLaughlan	Scotland	79 years	Dec 1988	-	Director
Mr Alan McLaughlan		49 years	Feb 2018	-	Director
Mrs Angela Logan		49 years	Apr 2021	-	Director

P&L

March 2023

turnover

39.8m

-11%

operating profit

1.1m

-62%

gross margin

17.6%

-1.98%

turnover

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

Balance Sheet

March 2023

net assets

14.4m

+0.06%

total assets

20.2m

-0.03%

cash

1.1m

+0.07%

net assets

Total assets minus all liabilities

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company number

SC098499

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

45112 - Sale of used cars and light motor vehicles

incorporation date

April 1986

accounts

Full Accounts

ultimate parent company

BRIDGEND HOLDINGS LIMITED

previous names

bridgend garage (irvine) limited (April 1997)

eddraport limited (June 1986)

last accounts submitted

March 2023

address

riverside complex, glasgow road, kilwinning, ayrshire, KA13 7JB

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 bridgend garage limited.

bridgend garage limited Company Information

bridgend garage limited Estimated Valuation

bridgend garage limited Estimated Valuation

bridgend garage limited Estimated Valuation

Bridgend Garage Limited Overview

Bridgend Garage Limited Health Check

BRIDGEND GARAGE LIMITED financials

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bridgend garage limited Ownership

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