Charing Cross Cars Limited

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charing cross cars limited Company Information

Live

MatureSmallDeclining

Company Number

SC213715

Website

Registered Address

86 st. andrews drive, bridge of weir, renfrewshire, PA11 3JD

Industry

Sale of used cars and light motor vehicles

Telephone

01419529460

Next Accounts Due

December 2024

Group Structure

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Directors

Graeme Rankin23 Years

Shareholders

graeme rankin 83.3%

sharron rankin 16.7%

charing cross cars limited Estimated Valuation

£359.5k

Pomanda estimates the enterprise value of CHARING CROSS CARS LIMITED at £359.5k based on a Turnover of £1.6m and 0.23x industry multiple (adjusted for size and gross margin).

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Charing Cross Cars Limited is a live company located in renfrewshire, PA11 3JD with a Companies House number of SC213715. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in December 2000, it's largest shareholder is graeme rankin with a 83.3% stake. Charing Cross Cars Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Charing Cross Cars Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (7.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHARING CROSS CARS LIMITED group structure

Charing Cross Cars Limited has no subsidiary companies.

Ultimate parent company

CHARING CROSS CARS LIMITED

SC213715

CHARING CROSS CARS LIMITED Shareholders

graeme rankin	83.33%
sharron rankin	16.67%

Charing Cross Cars Limited currently has 1 director, Mr Graeme Rankin serving since Dec 2000.

officer	country	age	start	end	role
Mr Graeme Rankin		58 years	Dec 2000	-	Director

EXPORT

Charing Cross Cars Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £12.4 thousand. According to their latest financial statements, Charing Cross Cars Limited has 4 employees and maintains cash reserves of £76.9 thousand 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	1,551,865	1,321,490	2,356,844	1,788,105	2,409,854	3,477,395	3,985,989	3,129,704	4,889,767	5,326,005	4,950,252	3,093,012	4,725,269	4,337,199
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,378,808	1,167,462	2,105,822	1,578,417	2,135,160	3,082,599	3,532,902	2,738,910	4,265,172	4,677,431	4,369,014	2,722,079	4,132,699	3,785,743
Gross Profit	173,056	154,028	251,022	209,688	274,695	394,796	453,087	390,795	624,595	648,574	581,238	370,933	592,570	551,456
Admin Expenses	153,526	356,488	206,049	207,443	247,974	307,774	381,701	359,921	626,767	634,509	561,537	409,453	623,088	457,062
Operating Profit	19,530	-202,460	44,973	2,245	26,721	87,022	71,386	30,874	-2,172	14,065	19,701	-38,520	-30,518	94,394
Interest Payable	7,972	8,640	5,579	3,580	6,161	5,686	5,372	2,442	0	0	0	0	0	0
Interest Receivable	1,932	53	0	0	0	0	0	103	103	0	0	0	0	0
Pre-Tax Profit	13,490	-211,048	39,394	-1,335	20,560	81,336	66,014	28,535	-2,069	14,065	19,701	-38,520	-30,518	94,394
Tax	-2,563	0	-7,485	0	-3,906	-15,454	-13,203	-5,707	0	-3,235	-4,728	0	0	-26,430
Profit After Tax	10,927	-211,048	31,909	-1,335	16,654	65,882	52,811	22,828	-2,069	10,830	14,973	-38,520	-30,518	67,964
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,927	-211,048	31,909	-1,335	16,654	65,882	52,811	22,828	-2,069	10,830	14,973	-38,520	-30,518	67,964
Employee Costs	128,265	123,202	85,263	86,852	86,135	83,832	111,200	132,631	316,695	355,122	329,404	219,086	364,648	310,144
Number Of Employees	4	4	3	3	3	3	4	5	12	14	13	9	15	12
EBITDA*	20,210	-201,899	45,198	2,470	26,740	87,022	71,386	30,975	-1,490	14,803	20,960	-37,135	-29,732	95,560

* 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	1,087	1,213	429	654	879	0	0	0	569	1,251	1,989	5,467	1,602	2,388
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,087	1,213	429	654	879	0	0	0	569	1,251	1,989	5,467	1,602	2,388
Stock & work in progress	260,059	291,603	334,745	268,663	435,809	315,750	215,301	305,601	171,050	228,075	251,200	264,600	235,122	201,722
Trade Debtors	76,939	49,730	238,737	135,167	151,953	254,412	297,516	178,814	197,588	190,436	147,692	50,818	126,616	127,656
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,550	6,046	7,753	6,673	13,419	31,735	40,894	39,811	0	0	0	0	0	0
Cash	76,905	14,023	0	0	0	0	0	0	41,243	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	418,453	361,402	581,235	410,503	601,181	601,897	553,711	524,226	409,881	418,511	398,892	315,418	361,738	329,378
total assets	419,540	362,615	581,664	411,157	602,060	601,897	553,711	524,226	410,450	419,762	400,881	320,885	363,340	331,766
Bank overdraft	16,667	16,667	85,175	13,031	104,345	78,189	96,779	75,137	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	7,791	2,817	24,371	185	14,639	26,823	27,129	38,765	376,576	383,683	375,484	310,473	324,716	262,540
Group/Directors Accounts	0	0	0	0	0	80,406	121,745	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	129,860	72,426	174,887	217,341	301,141	251,198	208,659	353,736	0	0	0	0	0	0
total current liabilities	154,318	91,910	284,433	230,557	420,125	436,616	454,312	467,638	376,576	383,683	375,484	310,473	324,716	262,540
loans	52,778	69,445	84,722	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	199,799	199,799	0	0	0	0	0	10,000	10,000	10,000	10,000	10,000	0	0
provisions	207	0	0	0	0	0	0	0	114	250	398	386	78	162
total long term liabilities	252,784	269,244	84,722	0	0	0	0	10,000	10,114	10,250	10,398	10,386	78	162
total liabilities	407,102	361,154	369,155	230,557	420,125	436,616	454,312	477,638	386,690	393,933	385,882	320,859	324,794	262,702
net assets	12,438	1,461	212,509	180,600	181,935	165,281	99,399	46,588	23,760	25,829	14,999	26	38,546	69,064
total shareholders funds	12,438	1,461	212,509	180,600	181,935	165,281	99,399	46,588	23,760	25,829	14,999	26	38,546	69,064

	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	19,530	-202,460	44,973	2,245	26,721	87,022	71,386	30,874	-2,172	14,065	19,701	-38,520	-30,518	94,394
Depreciation	680	561	225	225	19	0	0	101	682	738	1,259	1,385	786	1,166
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,563	0	-7,485	0	-3,906	-15,454	-13,203	-5,707	0	-3,235	-4,728	0	0	-26,430
Stock	-31,544	-43,142	66,082	-167,146	120,059	100,449	-90,300	134,551	-57,025	-23,125	-13,400	29,478	33,400	201,722
Debtors	25,713	-190,714	104,650	-23,532	-120,775	-52,263	119,785	21,037	7,152	42,744	96,874	-75,798	-1,040	127,656
Creditors	4,974	-21,554	24,186	-14,454	-12,184	-306	-11,636	-337,811	-7,107	8,199	65,011	-14,243	62,176	262,540
Accruals and Deferred Income	57,434	-102,461	-42,454	-83,800	49,943	42,539	-145,077	353,736	0	0	0	0	0	0
Deferred Taxes & Provisions	207	0	0	0	0	0	0	-114	-136	-148	12	308	-84	162
Cash flow from operations	86,093	-92,058	-151,287	94,894	61,309	65,615	-128,015	-114,509	41,140	0	-2,219	-4,750	0	2,454
Investing Activities
capital expenditure	-554	-1,345	0	0	-898	0	0	468	0	0	2,219	-5,250	0	-3,554
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-554	-1,345	0	0	-898	0	0	468	0	0	2,219	-5,250	0	-3,554
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-80,406	-41,339	121,745	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
Long term loans	-16,667	-15,277	84,722	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
other long term liabilities	0	199,799	0	0	0	0	-10,000	0	0	0	0	10,000	0	0
share issue	50	0	0	0	0	0	0	0	0	0	0	0	0	1,100
interest	-6,040	-8,587	-5,579	-3,580	-6,161	-5,686	-5,372	-2,339	103	0	0	0	0	0
cash flow from financing	-22,657	175,935	79,143	-3,580	-86,567	-47,025	106,373	-2,339	103	0	0	10,000	0	1,100
cash and cash equivalents
cash	62,882	14,023	0	0	0	0	0	-41,243	41,243	0	0	0	0	0
overdraft	0	-68,508	72,144	-91,314	26,156	-18,590	21,642	75,137	0	0	0	0	0	0
change in cash	62,882	82,531	-72,144	91,314	-26,156	18,590	-21,642	-116,380	41,243	0	0	0	0	0

P&L

March 2023

turnover

1.6m

+17%

operating profit

19.5k

gross margin

11.2%

-4.32%

turnover

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

Balance Sheet

March 2023

net assets

12.4k

+7.51%

total assets

419.5k

+0.16%

cash

76.9k

+4.48%

net assets

Total assets minus all liabilities

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company number

SC213715

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

December 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

86 st. andrews drive, bridge of weir, renfrewshire, PA11 3JD

last accounts submitted

March 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 found 1 charges/mortgages relating to charing cross cars limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charing cross cars limited Company Information

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charing cross cars limited Estimated Valuation

charing cross cars limited Estimated Valuation

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