Springside Motors (irvine) Limited

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springside motors (irvine) limited Company Information

Dissolved (Voluntary Arrangement)

Company Number

SC281379

Next Accounts

Jan 2025

Industry

Sale of used cars and light motor vehicles

Sale of new cars and light motor vehicles

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Directors

Allan Irvine

Shareholders

allan irvine

executors of graham j. irvine

Group Structure

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Contact

Registered Address

2nd floor, 18 bothwell street, glasgow, G2 6NU

Website

http://kia.co.uk

springside motors (irvine) limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of SPRINGSIDE MOTORS (IRVINE) LIMITED at £3.4m based on Net Assets of £1.2m and 2.84x industry multiple (adjusted for liquidity).

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Springside Motors (irvine) Limited is a dissolved company that was located in glasgow, G2 6NU with a Companies House number of SC281379. It operated in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in March 2005, it's largest shareholder was allan irvine with a 50% stake. The last turnover for Springside Motors (irvine) Limited was estimated at £4.9m.

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Pomanda's financial health check has awarded Springside Motors (Irvine) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (2.3%)

EXPORT

Springside Motors (Irvine) Limited's latest turnover from February 2022 is estimated at £4.9 million and the company has net assets of £1.2 million. According to their latest financial statements, Springside Motors (Irvine) Limited has 19 employees and maintains cash reserves of £949.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	4,880,463	4,280,361	5,196,938	6,721,693	6,657,108	5,813,794	6,203,442	6,711,369	5,698,245	5,522,640	5,145,691	4,768,632	5,737,555
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,811,335	3,351,801	4,006,261	5,137,468	5,076,134	4,452,788	4,677,510	5,094,227	4,344,162	4,173,697	3,857,718	3,577,485	4,331,863
Gross Profit	1,069,129	928,559	1,190,678	1,584,224	1,580,974	1,361,006	1,525,931	1,617,143	1,354,082	1,348,943	1,287,972	1,191,147	1,405,691
Admin Expenses	938,782	1,049,446	1,306,176	1,661,313	1,322,638	1,124,064	1,418,789	1,579,584	1,484,656	1,415,230	1,185,316	947,555	335,200
Operating Profit	130,347	-120,887	-115,498	-77,089	258,336	236,942	107,142	37,559	-130,574	-66,287	102,656	243,592	1,070,491
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,399	932	8,283	8,687	5,565	2,386	3,805	3,512	3,916	4,447	4,742	3,793	1,400
Pre-Tax Profit	134,746	-119,955	-107,215	-68,402	263,901	239,328	110,948	41,071	-126,658	-61,840	107,399	247,385	1,071,890
Tax	-25,602	0	0	0	-50,141	-47,865	-22,189	-8,625	0	0	-27,924	-69,268	-300,129
Profit After Tax	109,144	-119,955	-107,215	-68,402	213,760	191,462	88,758	32,446	-126,658	-61,840	79,475	178,117	771,761
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	109,144	-119,955	-107,215	-68,402	213,760	191,462	88,758	32,446	-126,658	-61,840	79,475	178,117	771,761
Employee Costs	564,211	556,156	610,337	631,011	634,335	570,879	530,540	899,587	804,706	811,060	762,906	733,641	801,785
Number Of Employees	19	20	21	22	23	21	20	34	31	32	31	30	32
EBITDA*	133,744	-117,190	-107,717	-69,616	265,529	244,859	118,344	76,211	-89,896	-24,232	146,692	281,690	1,106,848

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	16,281	16,428	17,457	22,858	28,329	30,908	34,801	36,922	42,724	48,202	56,129	32,400	39,470
Intangible Assets	0	0	0	0	0	0	0	2,500	32,500	62,500	92,500	122,500	152,500
Investments & Other	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
Total Fixed Assets	16,281	16,428	17,457	22,858	28,329	30,908	34,801	39,422	75,224	110,702	148,629	154,900	191,970
Stock & work in progress	1,139,166	1,118,332	1,160,277	1,261,285	1,181,026	981,696	886,231	949,715	853,075	971,006	953,269	769,103	524,539
Trade Debtors	50,116	42,454	92,283	301,170	313,423	261,592	352,953	290,182	181,299	104,322	63,853	56,790	307,886
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,752	17,049	14,075	12,098	37,491	29,250	10,859	0	0	0	0	0	0
Cash	949,851	809,710	1,054,621	1,154,181	1,162,263	1,063,837	844,732	677,441	727,399	838,919	939,784	957,185	559,847
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,150,885	1,987,545	2,321,256	2,728,734	2,694,203	2,336,375	2,094,775	1,917,338	1,761,773	1,914,247	1,956,906	1,783,078	1,392,272
total assets	2,167,166	2,003,973	2,338,713	2,751,592	2,722,532	2,367,283	2,129,576	1,956,760	1,836,997	2,024,949	2,105,535	1,937,978	1,584,242
Bank overdraft	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
Trade Creditors	691,661	717,038	908,643	1,162,235	1,142,407	916,254	895,914	1,070,906	982,461	1,042,325	1,058,518	983,100	807,481
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	286,751	208,513	230,376	281,275	202,628	286,875	260,313	0	0	0	0	0	0
total current liabilities	978,412	925,551	1,139,019	1,443,510	1,345,035	1,203,129	1,156,227	1,070,906	982,461	1,042,325	1,058,518	983,100	807,481
loans	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
Accruals and Deferred Income	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
provisions	2,901	1,713	3,030	4,203	5,216	5,633	6,290	7,553	8,681	10,111	12,664	0	0
total long term liabilities	2,901	1,713	3,030	4,203	5,216	5,633	6,290	7,553	8,681	10,111	12,664	0	0
total liabilities	981,313	927,264	1,142,049	1,447,713	1,350,251	1,208,762	1,162,517	1,078,459	991,142	1,052,436	1,071,182	983,100	807,481
net assets	1,185,853	1,076,709	1,196,664	1,303,879	1,372,281	1,158,521	967,059	878,301	845,855	972,513	1,034,353	954,878	776,761
total shareholders funds	1,185,853	1,076,709	1,196,664	1,303,879	1,372,281	1,158,521	967,059	878,301	845,855	972,513	1,034,353	954,878	776,761

	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	130,347	-120,887	-115,498	-77,089	258,336	236,942	107,142	37,559	-130,574	-66,287	102,656	243,592	1,070,491
Depreciation	3,397	3,697	7,781	7,473	7,193	7,917	8,702	8,652	10,678	12,055	14,036	8,098	8,857
Amortisation	0	0	0	0	0	0	2,500	30,000	30,000	30,000	30,000	30,000	27,500
Tax	-25,602	0	0	0	-50,141	-47,865	-22,189	-8,625	0	0	-27,924	-69,268	-300,129
Stock	20,834	-41,945	-101,008	80,259	199,330	95,465	-63,484	96,640	-117,931	17,737	184,166	244,564	524,539
Debtors	2,365	-46,855	-206,910	-37,646	60,072	-72,970	73,630	108,883	76,977	40,469	7,063	-251,096	307,886
Creditors	-25,377	-191,605	-253,592	19,828	226,153	20,340	-174,992	88,445	-59,864	-16,193	75,418	175,619	807,481
Accruals and Deferred Income	78,238	-21,863	-50,899	78,647	-84,247	26,562	260,313	0	0	0	0	0	0
Deferred Taxes & Provisions	1,188	-1,317	-1,173	-1,013	-417	-657	-1,263	-1,128	-1,430	-2,553	12,664	0	0
Cash flow from operations	138,992	-243,175	-105,463	-14,767	97,475	220,744	170,067	-50,620	-110,236	-101,184	15,621	394,573	781,775
Investing Activities
capital expenditure	-3,250	-2,668	-2,380	-2,002	-4,614	-4,024	-6,581	-2,850	-5,200	-4,128	-37,765	-1,028	-228,327
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,250	-2,668	-2,380	-2,002	-4,614	-4,024	-6,581	-2,850	-5,200	-4,128	-37,765	-1,028	-228,327
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	5,000
interest	4,399	932	8,283	8,687	5,565	2,386	3,805	3,512	3,916	4,447	4,742	3,793	1,400
cash flow from financing	4,399	932	8,283	8,687	5,565	2,386	3,805	3,512	3,916	4,447	4,742	3,793	6,400
cash and cash equivalents
cash	140,141	-244,911	-99,560	-8,082	98,426	219,105	167,291	-49,958	-111,520	-100,865	-17,401	397,338	559,847
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	140,141	-244,911	-99,560	-8,082	98,426	219,105	167,291	-49,958	-111,520	-100,865	-17,401	397,338	559,847

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 springside motors (irvine) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in G 2 area or any other competitors across 12 key performance metrics.

SPRINGSIDE MOTORS (IRVINE) LIMITED group structure

Springside Motors (Irvine) Limited has no subsidiary companies.

Ultimate parent company

SPRINGSIDE MOTORS (IRVINE) LIMITED

SC281379

SPRINGSIDE MOTORS (IRVINE) LIMITED Shareholders

allan irvine	50%
executors of graham j. irvine	50%

Springside Motors (Irvine) Limited currently has 1 director, Mr Allan Irvine serving since Mar 2005.

officer	country	age	start	end	role
Mr Allan Irvine	United Kingdom	56 years	Mar 2005	-	Director

P&L

February 2022

turnover

4.9m

+14%

operating profit

130.3k

gross margin

22%

+0.98%

turnover

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

Balance Sheet

February 2022

net assets

1.2m

+0.1%

total assets

2.2m

+0.08%

cash

949.9k

+0.17%

net assets

Total assets minus all liabilities

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company number

SC281379

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

45111 - Sale of new cars and light motor vehicles

45200 - Maintenance and repair of motor vehicles

incorporation date

March 2005

ultimate parent company

None

previous names

N/A

address

2nd floor, 18 bothwell street, glasgow, G2 6NU

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 springside motors (irvine) limited. Currently there are 0 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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springside motors (irvine) limited Company Information

springside motors (irvine) limited Estimated Valuation

springside motors (irvine) limited Estimated Valuation

springside motors (irvine) limited Estimated Valuation

Springside Motors (irvine) Limited Overview

Springside Motors (irvine) Limited Health Check

SPRINGSIDE MOTORS (IRVINE) LIMITED financials

springside motors (irvine) limited Credit Report and Business Information

Springside Motors (irvine) Limited Competitor Analysis

springside motors (irvine) limited Ownership

springside motors (irvine) limited directors

springside motors (irvine) limited company details

springside motors (irvine) limited Charges & Mortgages

springside motors (irvine) limited Capital Raised & Share Issues BETA

springside motors (irvine) limited Companies House Filings - See Documents