Velvis Limited

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velvis limited Company Information

Live

EstablishedSmallDeclining

Company Number

07525695

Website

www.velviscars.co.uk

Registered Address

37 meachen road, colchester, CO2 8JD

Industry

Sale of used cars and light motor vehicles

Telephone

01206861351

Next Accounts Due

December 2024

Group Structure

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Directors

Andrew Wynne13 Years

Thomas Vickers6 Years

Shareholders

aew holdings limited 99%

thomas adrian vickers 1%

velvis limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of VELVIS LIMITED at £2m based on Net Assets of £753.4k and 2.67x industry multiple (adjusted for liquidity).

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Velvis Limited is a live company located in colchester, CO2 8JD with a Companies House number of 07525695. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in February 2011, it's largest shareholder is aew holdings limited with a 99% stake. Velvis Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Velvis Limited a 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 Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -13%, 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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VELVIS LIMITED group structure

Velvis Limited has no subsidiary companies.

Ultimate parent company

VELVIS LIMITED

07525695

VELVIS LIMITED Shareholders

aew holdings limited	99.01%
thomas adrian vickers	0.99%

Velvis Limited currently has 2 directors. The longest serving directors include Mr Andrew Wynne (Feb 2011) and Mr Thomas Vickers (Jan 2018).

officer	country	age	start	end	role
Mr Andrew Wynne	United Kingdom	40 years	Feb 2011	-	Director
Mr Thomas Vickers	England	35 years	Jan 2018	-	Director

EXPORT

Velvis Limited's latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of £753.4 thousand. According to their latest financial statements, Velvis Limited has 3 employees and maintains cash reserves of £260.4 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	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Turnover	1,475,025	1,413,936	1,564,390	2,268,167	3,154,542	3,124,514	2,482,833	1,769,088	918,471	856,742	394,794	80,632
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,373,358	1,312,405	1,465,532	2,111,279	2,927,363	2,897,132	2,294,901	1,614,494	841,762	795,401	363,776	74,356
Gross Profit	101,667	101,531	98,857	156,888	227,179	227,383	187,933	154,594	76,709	61,342	31,017	6,276
Admin Expenses	-14,125	338,027	-94,511	24,496	5,819	-38,434	65,849	101,996	73,310	-3,695	2,398	-12,286
Operating Profit	115,792	-236,496	193,368	132,392	221,360	265,817	122,084	52,598	3,399	65,037	28,619	18,562
Interest Payable	0	60	54	0	0	0	0	0	0	0	0	0
Interest Receivable	7,929	1,712	302	208	913	291	39	11	39	70	40	3
Pre-Tax Profit	123,721	-234,843	193,616	132,600	222,273	266,109	122,123	52,609	3,438	65,106	28,659	18,565
Tax	-23,507	0	-36,787	-25,194	-42,232	-50,561	-24,424	-10,522	-722	-14,974	-6,878	-4,827
Profit After Tax	100,214	-234,843	156,829	107,406	180,041	215,548	97,698	42,087	2,716	50,132	21,781	13,738
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	100,214	-234,843	156,829	107,406	180,041	215,548	97,698	42,087	2,716	50,132	21,781	13,738
Employee Costs	96,339	154,003	113,740	173,703	143,558	111,315	110,899	80,269	53,268	50,806	25,608	25,155
Number Of Employees	3	5	4	6	5	4	4	3	2	2	1	1
EBITDA*	117,538	-234,078	196,334	137,772	229,629	274,536	130,723	58,392	3,399	65,710	28,995	18,900

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Tangible Assets	1,920	3,246	5,664	5,457	7,879	13,496	20,831	20,865	18,727	1,304	790	1,016
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,920	3,246	5,664	5,457	7,879	13,496	20,831	20,865	18,727	1,304	790	1,016
Stock & work in progress	690,050	689,223	428,244	886,389	1,120,544	1,055,803	780,229	404,825	198,163	240,513	101,559	26,630
Trade Debtors	42,128	47,757	385,521	89,197	80,627	62,259	26,243	50,295	36,886	9,968	3,979	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	260,374	112,748	343,901	260,066	155,699	87,800	28,713	2,200	2,224	13,187	14,796	1,101
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	992,552	849,728	1,157,666	1,235,652	1,356,870	1,205,862	835,185	457,320	237,273	263,668	120,334	27,731
total assets	994,472	852,974	1,163,330	1,241,109	1,364,749	1,219,358	856,016	478,185	256,000	264,972	121,124	28,747
Bank overdraft	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
Trade Creditors	218,203	166,353	232,083	508,918	739,664	773,406	624,202	344,245	164,743	178,960	74,202	3,561
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	218,203	166,353	232,083	508,918	739,664	773,406	624,202	344,245	164,743	178,960	74,202	3,561
loans	0	0	1,769	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	22,593	32,770	40,325	0	0	0	0	0	0	0	11,145	11,145
provisions	228	617	1,076	943	1,243	2,151	3,562	3,386	2,790	261	158	203
total long term liabilities	22,821	33,387	43,170	943	1,243	2,151	3,562	3,386	2,790	261	11,303	11,348
total liabilities	241,024	199,740	275,253	509,861	740,907	775,557	627,764	347,631	167,533	179,221	85,505	14,909
net assets	753,448	653,234	888,077	731,248	623,842	443,801	228,252	130,554	88,467	85,751	35,619	13,838
total shareholders funds	753,448	653,234	888,077	731,248	623,842	443,801	228,252	130,554	88,467	85,751	35,619	13,838

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Operating Activities
Operating Profit	115,792	-236,496	193,368	132,392	221,360	265,817	122,084	52,598	3,399	65,037	28,619	18,562
Depreciation	1,746	2,418	2,966	5,380	8,269	8,719	8,639	5,794	0	673	376	338
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-23,507	0	-36,787	-25,194	-42,232	-50,561	-24,424	-10,522	-722	-14,974	-6,878	-4,827
Stock	827	260,979	-458,145	-234,155	64,741	275,574	375,404	206,662	-42,350	138,954	74,929	26,630
Debtors	-5,629	-337,764	296,324	8,570	18,368	36,016	-24,052	13,409	26,918	5,989	3,979	0
Creditors	51,850	-65,730	-276,835	-230,746	-33,742	149,204	279,957	179,502	-14,217	104,758	70,641	3,561
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-389	-459	133	-300	-908	-1,411	176	596	2,529	103	-45	203
Cash flow from operations	150,294	-223,482	44,666	107,117	69,638	60,178	35,080	7,897	6,421	10,654	13,805	-8,793
Investing Activities
capital expenditure	-420	0	-3,173	-2,958	-2,652	-1,384	-8,605	-7,932	-17,423	-1,187	-150	-1,354
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-420	0	-3,173	-2,958	-2,652	-1,384	-8,605	-7,932	-17,423	-1,187	-150	-1,354
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-1,769	1,769	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
other long term liabilities	-10,177	-7,555	40,325	0	0	0	0	0	0	-11,145	0	11,145
share issue	0	0	0	0	0	1	0	0	0	0	0	100
interest	7,929	1,652	248	208	913	291	39	11	39	70	40	3
cash flow from financing	-2,248	-7,672	42,342	208	913	292	39	11	39	-11,075	40	11,248
cash and cash equivalents
cash	147,626	-231,153	83,835	104,367	67,899	59,087	26,513	-24	-10,963	-1,609	13,695	1,101
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	147,626	-231,153	83,835	104,367	67,899	59,087	26,513	-24	-10,963	-1,609	13,695	1,101

P&L

March 2023

turnover

1.5m

+4%

operating profit

115.8k

gross margin

6.9%

-4.01%

turnover

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

Balance Sheet

March 2023

net assets

753.4k

+0.15%

total assets

994.5k

+0.17%

cash

260.4k

+1.31%

net assets

Total assets minus all liabilities

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company number

07525695

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

February 2011

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

37 meachen road, colchester, CO2 8JD

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 velvis limited. Currently there are 0 open charges and 1 have been satisfied in the past.

velvis limited Company Information

velvis limited Estimated Valuation

velvis limited Estimated Valuation

velvis limited Estimated Valuation

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