Alan Storrar Cars Ltd

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alan storrar cars ltd Company Information

Dissolved (Voluntary Arrangement)

Company Number

SC222397

Next Accounts

Jan 2025

Industry

Sale of used cars and light motor vehicles

Directors

Alan Storrar

Shareholders

alan storrar

Group Structure

View All

Contact

Registered Address

titanium 1 king's inch place, renfrew, PA4 8WF

Website

www.alanstorrarcars.co.uk

alan storrar cars ltd Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of ALAN STORRAR CARS LTD at £1.9m based on Net Assets of £670.8k and 2.87x industry multiple (adjusted for liquidity).

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Alan Storrar Cars Ltd is a dissolved company that was located in renfrew, PA4 8WF with a Companies House number of SC222397. It operated in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in August 2001, it's largest shareholder was alan storrar with a 100% stake. The last turnover for Alan Storrar Cars Ltd was estimated at £3.2m.

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Pomanda's financial health check has awarded Alan Storrar Cars Ltd a 3 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 Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £3.2m, make it larger than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (7%)

EXPORT

Alan Storrar Cars Ltd's latest turnover from March 2019 is estimated at £3.2 million and the company has net assets of £670.8 thousand. According to their latest financial statements, Alan Storrar Cars Ltd has 10 employees and maintains cash reserves of £251 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,245,477	3,145,202	3,778,330	2,487,030	4,418,017	18,276,654	17,264,933	15,272,698	16,908,665	16,531,313
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,875,635	2,787,849	3,348,848	2,176,483	3,857,036	16,065,213	15,264,347	13,460,954	14,762,807	14,429,428
Gross Profit	369,842	357,353	429,482	310,546	560,981	2,211,441	2,000,586	1,811,745	2,145,858	2,101,884
Admin Expenses	404,386	336,541	439,649	222,798	557,306	2,146,819	1,961,433	1,790,773	2,149,824	1,353,256
Operating Profit	-34,544	20,812	-10,167	87,748	3,675	64,622	39,153	20,972	-3,966	748,628
Interest Payable	4,198	0	1,044	1,086	0	0	0	0	0	0
Interest Receivable	570	882	252	2	1	0	0	0	0	0
Pre-Tax Profit	-38,172	21,694	-10,959	86,665	3,676	64,622	39,153	20,972	-3,966	748,628
Tax	0	-4,122	0	-17,333	-772	-14,863	-9,397	-5,453	0	-209,616
Profit After Tax	-38,172	17,572	-10,959	69,332	2,904	49,759	29,756	15,519	-3,966	539,012
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-38,172	17,572	-10,959	69,332	2,904	49,759	29,756	15,519	-3,966	539,012
Employee Costs	287,655	305,084	332,696	159,157	288,168	1,152,927	1,153,067	993,271	1,189,569	1,059,302
Number Of Employees	10	11	12	6	11	46	46	41	49	41
EBITDA*	-17,095	45,406	18,741	120,072	33,556	64,622	39,153	20,972	-3,966	748,628

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	5,419	14,749	25,383	26,171	26,817	0	0	0	0	0
Intangible Assets	80,596	96,716	112,836	128,956	145,076	0	0	0	0	0
Investments & Other	1,299	1,299	1,299	1,299	1,299	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	87,314	112,764	139,518	156,426	173,192	0	0	0	0	0
Stock & work in progress	741,542	616,530	729,764	797,703	635,387	0	0	0	0	0
Trade Debtors	75,840	41,227	18,235	6,927	95,955	650,965	599,050	565,808	546,357	553,000
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,267	9,895	21,686	11,251	0	0	0	0	0	0
Cash	251	151,852	201,039	379	552	2	2	2	2	2
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	826,900	819,504	970,724	816,260	731,894	650,967	599,052	565,810	546,359	553,002
total assets	914,214	932,268	1,110,242	972,686	905,086	650,967	599,052	565,810	546,359	553,002
Bank overdraft	124,396	0	0	33,405	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	22,449	75,543	187,373	50,151	269,036	20,885	18,729	15,243	11,311	13,988
Group/Directors Accounts	19,021	75,398	122,594	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	77,474	70,488	104,788	182,526	0	0	0	0	0	0
total current liabilities	243,340	221,429	414,755	266,082	269,036	20,885	18,729	15,243	11,311	13,988
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	115	1,908	4,128	4,286	3,064	0	0	0	0	0
total long term liabilities	115	1,908	4,128	4,286	3,064	0	0	0	0	0
total liabilities	243,455	223,337	418,883	270,368	272,100	20,885	18,729	15,243	11,311	13,988
net assets	670,759	708,931	691,359	702,318	632,986	630,082	580,323	550,567	535,048	539,014
total shareholders funds	670,759	708,931	691,359	702,318	632,986	630,082	580,323	550,567	535,048	539,014

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-34,544	20,812	-10,167	87,748	3,675	64,622	39,153	20,972	-3,966	748,628
Depreciation	1,329	8,474	12,788	16,204	13,761	0	0	0	0	0
Amortisation	16,120	16,120	16,120	16,120	16,120	0	0	0	0	0
Tax	0	-4,122	0	-17,333	-772	-14,863	-9,397	-5,453	0	-209,616
Stock	125,012	-113,234	-67,939	162,316	635,387	0	0	0	0	0
Debtors	33,985	11,201	21,743	-77,777	-555,010	51,915	33,242	19,451	-6,643	553,000
Creditors	-53,094	-111,830	137,222	-218,885	248,151	2,156	3,486	3,932	-2,677	13,988
Accruals and Deferred Income	6,986	-34,300	-77,738	182,526	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,793	-2,220	-158	1,222	3,064	0	0	0	0	0
Cash flow from operations	-223,993	-5,033	124,263	-16,937	203,622	0	0	0	0	0
Investing Activities
capital expenditure	8,001	2,160	-12,000	-15,558	-201,774	0	0	0	0	0
Change in Investments	0	0	0	0	1,299	0	0	0	0	0
cash flow from investments	8,001	2,160	-12,000	-15,558	-203,073	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-56,377	-47,196	122,594	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	2
interest	-3,628	882	-792	-1,084	1	0	0	0	0	0
cash flow from financing	-60,005	-46,314	121,802	-1,084	1	0	0	0	0	2
cash and cash equivalents
cash	-151,601	-49,187	200,660	-173	550	0	0	0	0	2
overdraft	124,396	0	-33,405	33,405	0	0	0	0	0	0
change in cash	-275,997	-49,187	234,065	-33,578	550	0	0	0	0	2

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 alan storrar cars ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in PA4 area or any other competitors across 12 key performance metrics.

ALAN STORRAR CARS LTD group structure

Alan Storrar Cars Ltd has no subsidiary companies.

Ultimate parent company

ALAN STORRAR CARS LTD

SC222397

ALAN STORRAR CARS LTD Shareholders

alan storrar

100%

Alan Storrar Cars Ltd currently has 1 director, Mr Alan Storrar serving since Aug 2001.

officer	country	age	start	end	role
Mr Alan Storrar	Scotland	64 years	Aug 2001	-	Director

P&L

March 2019

turnover

3.2m

+3%

operating profit

-34.5k

gross margin

11.4%

+0.3%

turnover

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

Balance Sheet

March 2019

net assets

670.8k

-0.05%

total assets

914.2k

-0.02%

cash

251

-1%

net assets

Total assets minus all liabilities

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company number

SC222397

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

August 2001

ultimate parent company

None

previous names

tayside motor leasing company ltd. (March 2014)

address

titanium 1 king's inch place, renfrew, PA4 8WF

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 alan storrar cars ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

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alan storrar cars ltd Company Information

alan storrar cars ltd Estimated Valuation

alan storrar cars ltd Estimated Valuation

alan storrar cars ltd Estimated Valuation

Alan Storrar Cars Ltd Overview

Alan Storrar Cars Ltd Health Check

ALAN STORRAR CARS LTD financials

alan storrar cars ltd Credit Report and Business Information

Alan Storrar Cars Ltd Competitor Analysis

alan storrar cars ltd Ownership

alan storrar cars ltd directors

alan storrar cars ltd company details

alan storrar cars ltd Charges & Mortgages

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alan storrar cars ltd Companies House Filings - See Documents