lomond motors (east) limited

3.5

lomond motors (east) limited Company Information

Share LOMOND MOTORS (EAST) LIMITED
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EstablishedMegaLow

Company Number

SC304405

Registered Address

520 hillington road, braehead, glasgow, G52 4UB

Industry

Sale of new cars and light motor vehicles

 

Maintenance and repair of motor vehicles

 
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Telephone

01415656300

Next Accounts Due

September 2024

Group Structure

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Directors

James Robinson-Wyatt4 Years

Richard Walker4 Years

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Shareholders

lomond motors limited 100%

lomond motors (east) limited Estimated Valuation

£54.1m

Pomanda estimates the enterprise value of LOMOND MOTORS (EAST) LIMITED at £54.1m based on a Turnover of £157.4m and 0.34x industry multiple (adjusted for size and gross margin).

lomond motors (east) limited Estimated Valuation

£20m

Pomanda estimates the enterprise value of LOMOND MOTORS (EAST) LIMITED at £20m based on an EBITDA of £4.1m and a 4.91x industry multiple (adjusted for size and gross margin).

lomond motors (east) limited Estimated Valuation

£26.5m

Pomanda estimates the enterprise value of LOMOND MOTORS (EAST) LIMITED at £26.5m based on Net Assets of £11.1m and 2.39x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Lomond Motors (east) Limited Overview

Lomond Motors (east) Limited is a live company located in glasgow, G52 4UB with a Companies House number of SC304405. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in June 2006, it's largest shareholder is lomond motors limited with a 100% stake. Lomond Motors (east) Limited is a established, mega sized company, Pomanda has estimated its turnover at £157.4m with low growth in recent years.

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Lomond Motors (east) Limited Health Check

Pomanda's financial health check has awarded Lomond Motors (East) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £157.4m, make it larger than the average company (£18.9m)

£157.4m - Lomond Motors (east) Limited

£18.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.7%)

2% - Lomond Motors (east) Limited

4.7% - Industry AVG

production

Production

with a gross margin of 9.4%, this company has a higher cost of product (21.1%)

9.4% - Lomond Motors (east) Limited

21.1% - Industry AVG

profitability

Profitability

an operating margin of 2.3% make it less profitable than the average company (4.2%)

2.3% - Lomond Motors (east) Limited

4.2% - Industry AVG

employees

Employees

with 142 employees, this is above the industry average (40)

142 - Lomond Motors (east) Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.8k, the company has a higher pay structure (£32.7k)

£43.8k - Lomond Motors (east) Limited

£32.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.1m, this is more efficient (£363.6k)

£1.1m - Lomond Motors (east) Limited

£363.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (27 days)

2 days - Lomond Motors (east) Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (31 days)

3 days - Lomond Motors (east) Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 40 days, this is less than average (62 days)

40 days - Lomond Motors (east) Limited

62 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Lomond Motors (east) Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.2%, this is a similar level of debt than the average (62.9%)

62.2% - Lomond Motors (east) Limited

62.9% - Industry AVG

lomond motors (east) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lomond Motors (east) Limited Competitor Analysis

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Perform a competitor analysis for lomond motors (east) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

lomond motors (east) limited Ownership

LOMOND MOTORS (EAST) LIMITED group structure

Lomond Motors (East) Limited has no subsidiary companies.

Ultimate parent company

IMPERO JERSEY CORP LTD

#0149885

2 parents

LOMOND MOTORS (EAST) LIMITED

SC304405

LOMOND MOTORS (EAST) LIMITED Shareholders

lomond motors limited 100%

lomond motors (east) limited directors

Lomond Motors (East) Limited currently has 4 directors. The longest serving directors include Mr James Robinson-Wyatt (Jun 2019) and Mr Richard Walker (Dec 2019).

officercountryagestartendrole
Mr James Robinson-WyattUnited Kingdom44 years Jun 2019- Director
Mr Richard WalkerUnited Kingdom58 years Dec 2019- Director
Mr Duncan McPheeUnited Kingdom47 years Feb 2021- Director
Mr Martin ReayUnited Kingdom47 years Jan 2024- Director

LOMOND MOTORS (EAST) LIMITED financials

EXPORTms excel logo

Lomond Motors (East) Limited's latest turnover from December 2022 is £157.4 million and the company has net assets of £11.1 million. According to their latest financial statements, Lomond Motors (East) Limited has 142 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover157,374,000138,798,000117,604,000149,263,000158,934,000148,525,000129,713,000137,829,000127,526,000107,398,00082,591,00080,448,00076,858,39973,388,520
Other Income Or Grants00000000000000
Cost Of Sales142,621,000125,198,000108,047,000136,376,000146,098,000135,401,000118,630,000125,976,000115,545,00096,776,00075,355,00072,865,00070,161,91467,518,316
Gross Profit14,753,00013,600,0009,557,00012,887,00012,836,00013,124,00011,083,00011,853,00011,981,00010,622,0007,236,0007,583,0006,696,4855,870,204
Admin Expenses11,180,00010,120,0008,952,00011,663,00011,542,00011,292,00010,384,00010,514,0009,668,0008,859,0008,557,0006,979,0005,970,2785,932,156
Operating Profit3,573,0003,480,000605,0001,224,0001,294,0001,832,000699,0001,339,0002,313,0001,763,000-1,321,000604,000726,207-61,952
Interest Payable423,000406,000469,000559,000482,000348,000318,000312,000254,000286,000365,000264,000180,864126,679
Interest Receivable00000000000000
Pre-Tax Profit3,150,0003,074,000136,000665,000812,0001,484,000381,0001,027,0002,059,0001,477,000-1,686,000340,000475,343-188,631
Tax-351,000-605,000-25,000-242,000-186,0000000001,000-7,91031,162
Profit After Tax2,799,0002,469,000111,000423,000626,0001,484,000381,0001,027,0002,059,0001,477,000-1,686,000341,000467,433-157,469
Dividends Paid00000000000000
Retained Profit2,799,0002,469,000111,000423,000626,0001,484,000381,0001,027,0002,059,0001,477,000-1,686,000341,000467,433-157,469
Employee Costs6,213,0005,961,0005,577,0006,345,0006,005,0005,788,0005,006,0005,102,0004,655,0004,094,0003,421,0003,347,0003,116,4373,120,200
Number Of Employees142138153172167170156152137125131122118119
EBITDA*4,076,0003,801,0001,048,0002,005,0001,896,0002,427,0001,146,0001,468,0002,429,0001,971,000-1,075,0001,017,0001,368,508616,191

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,686,0002,116,0002,435,0004,058,0003,209,0003,677,0004,104,0001,741,000403,000244,000382,000503,000577,769675,007
Intangible Assets00000000000138,000349,619806,619
Investments & Other00000000000000
Debtors (Due After 1 year)78,000055,00047,0000000000000
Total Fixed Assets1,764,0002,116,0002,380,0004,011,0003,209,0003,677,0004,104,0001,741,000403,000244,000382,000641,000927,3881,481,626
Stock & work in progress15,654,00015,550,00018,131,00023,658,00022,365,00021,285,00015,618,00017,336,00015,724,00013,459,00014,184,00014,603,0009,559,4387,395,520
Trade Debtors928,0001,508,000970,0003,199,0001,620,0004,201,0002,196,0002,103,0001,961,0001,121,0001,449,0002,142,0002,111,9932,151,232
Group Debtors10,747,0008,661,0004,430,0001,456,0001,592,00034,00039,0003,00013,000117,0002,000151,00032,714161,004
Misc Debtors293,000184,000197,000535,000687,000485,000427,000328,000517,000492,000643,000391,000394,137186,421
Cash000000001,318,00000000
misc current assets00000000000000
total current assets27,622,00025,903,00023,728,00028,848,00026,264,00026,005,00018,280,00019,770,00019,533,00015,189,00016,278,00017,287,00012,098,2829,894,177
total assets29,386,00028,019,00026,108,00032,859,00029,473,00029,682,00022,384,00021,511,00019,936,00015,433,00016,660,00017,928,00013,025,67011,375,803
Bank overdraft000000000444,0002,494,0001,513,000243,8441,327,892
Bank loan00000000000000
Trade Creditors 1,341,000905,000831,0001,598,0001,311,0004,009,0001,796,0001,910,0002,416,0001,658,0002,634,0006,700,00010,065,9477,263,315
Group/Directors Accounts366,00000000000000351,5101,101,312
other short term finances11,340,0000008,582,0007,975,0008,197,0007,747,0005,518,0005,626,00000400,000400,000
hp & lease commitments244,000244,000244,000244,00000000000114,947125,130
other current liabilities4,529,00017,876,00018,330,00024,404,00013,622,00012,503,0008,739,0008,583,0009,758,0007,520,00012,824,0009,321,0001,387,100644,243
total current liabilities17,820,00019,025,00019,405,00026,246,00023,515,00024,487,00018,732,00018,240,00017,692,00015,248,00017,952,00017,534,00012,563,34810,861,892
loans01,340,0001,736,0002,172,00000000000400,000800,000
hp & lease commitments463,000670,000868,0001,086,000000000009,579128,601
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions040,00000392,000118,00000000000
total long term liabilities463,000690,000868,0001,086,000196,00059,000000000409,579928,601
total liabilities18,283,00019,715,00020,273,00027,332,00023,711,00024,546,00018,732,00018,240,00017,692,00015,248,00017,952,00017,534,00012,972,92711,790,493
net assets11,103,0008,304,0005,835,0005,527,0005,762,0005,136,0003,652,0003,271,0002,244,000185,000-1,292,000394,00052,743-414,690
total shareholders funds11,103,0008,304,0005,835,0005,527,0005,762,0005,136,0003,652,0003,271,0002,244,000185,000-1,292,000394,00052,743-414,690
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,573,0003,480,000605,0001,224,0001,294,0001,832,000699,0001,339,0002,313,0001,763,000-1,321,000604,000726,207-61,952
Depreciation503,000321,000443,000781,000602,000595,000447,000129,000116,000208,000108,000201,000185,301221,143
Amortisation0000000000138,000212,000457,000457,000
Tax-351,000-605,000-25,000-242,000-186,0000000001,000-7,91031,162
Stock104,000-2,581,000-5,527,0001,293,0001,080,0005,667,000-1,718,0001,612,0002,265,000-725,000-419,0005,043,5622,163,9187,395,520
Debtors1,693,0004,701,000415,0001,338,000-821,0002,058,000228,000-57,000761,000-364,000-590,000145,15640,1872,498,657
Creditors436,00074,000-767,000287,000-2,698,0002,213,000-114,000-506,000758,000-976,000-4,066,000-3,365,9472,802,6327,263,315
Accruals and Deferred Income-13,347,000-454,000-6,074,00010,782,0001,119,0003,764,000156,000-1,175,0002,238,000-5,304,0003,503,0007,933,900742,857644,243
Deferred Taxes & Provisions-40,00040,0000-392,000274,000118,00000000000
Cash flow from operations-11,023,000736,000-706,0009,809,000146,000797,0002,678,000-1,768,0002,399,000-3,220,000-629,000397,2352,701,982-1,339,266
Investing Activities
capital expenditure-73,000-2,0001,180,000-1,630,000-134,000-168,000-2,810,000-1,467,000-275,000-70,00013,000-126,612-88,063-2,159,769
Change in Investments00000000000000
cash flow from investments-73,000-2,0001,180,000-1,630,000-134,000-168,000-2,810,000-1,467,000-275,000-70,00013,000-126,612-88,063-2,159,769
Financing Activities
Bank loans00000000000000
Group/Directors Accounts366,0000000000000-351,510-749,8021,101,312
Other Short Term Loans 11,340,00000-8,582,000607,000-222,000450,0002,229,000-108,0005,626,0000-400,0000400,000
Long term loans-1,340,000-396,000-436,0002,172,0000000000-400,000-400,000800,000
Hire Purchase and Lease Commitments-207,000-198,000-218,0001,330,0000000000-124,526-129,205253,731
other long term liabilities00000000000000
share issue00197,000-658,00000000002570-257,221
interest-423,000-406,000-469,000-559,000-482,000-348,000-318,000-312,000-254,000-286,000-365,000-264,000-180,864-126,679
cash flow from financing9,736,000-1,000,000-926,000-6,297,000125,000-570,000132,0001,917,000-362,0005,340,000-365,000-1,539,779-1,459,8712,171,143
cash and cash equivalents
cash0000000-1,318,0001,318,00000000
overdraft00000000-444,000-2,050,000981,0001,269,156-1,084,0481,327,892
change in cash0000000-1,318,0001,762,0002,050,000-981,000-1,269,1561,084,048-1,327,892

P&L

December 2022

turnover

157.4m

+13%

operating profit

3.6m

+3%

gross margin

9.4%

-4.33%

turnover

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

Balance Sheet

December 2022

net assets

11.1m

+0.34%

total assets

29.4m

+0.05%

cash

0

0%

net assets

Total assets minus all liabilities

lomond motors (east) limited company details

company number

SC304405

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

45200 - Maintenance and repair of motor vehicles

45112 - Sale of used cars and light motor vehicles

incorporation date

June 2006

age

18

accounts

Full Accounts

ultimate parent company

IMPERO JERSEY CORP LTD

previous names

mm&s (5121) limited (July 2006)

incorporated

UK

address

520 hillington road, braehead, glasgow, G52 4UB

last accounts submitted

December 2022

lomond motors (east) limited Charges & Mortgages

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 5 charges/mortgages relating to lomond motors (east) limited. Currently there are 0 open charges and 5 have been satisfied in the past.

charges

lomond motors (east) limited Companies House Filings - See Documents

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