abacus motor company limited
abacus motor company limited Company Information
Company Number
09344283
Website
abacusmotorgroup.co.ukRegistered Address
suite a 7th floor east west bu, 2 tollhouse hill, nottingham, NG1 5FS
Industry
Sale of other motor vehicles
Telephone
-
Next Accounts Due
May 2024
Group Structure
View All
Directors
Michael Baldry9 Years
Shareholders
michael terence baldry 100%
abacus motor company limited Estimated Valuation
Pomanda estimates the enterprise value of ABACUS MOTOR COMPANY LIMITED at £1.3m based on a Turnover of £4.9m and 0.26x industry multiple (adjusted for size and gross margin).
abacus motor company limited Estimated Valuation
Pomanda estimates the enterprise value of ABACUS MOTOR COMPANY LIMITED at £0 based on an EBITDA of £-14.4k and a 3.29x industry multiple (adjusted for size and gross margin).
abacus motor company limited Estimated Valuation
Pomanda estimates the enterprise value of ABACUS MOTOR COMPANY LIMITED at £0 based on Net Assets of £-231.2k and 2.88x industry multiple (adjusted for liquidity).
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Abacus Motor Company Limited Overview
Abacus Motor Company Limited is a dissolved company that was located in nottingham, NG1 5FS with a Companies House number of 09344283. It operated in the sale of other motor vehicles sector, SIC Code 45190. Founded in December 2014, it's largest shareholder was michael terence baldry with a 100% stake. The last turnover for Abacus Motor Company Limited was estimated at £4.9m.
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Abacus Motor Company Limited Health Check
Pomanda's financial health check has awarded Abacus Motor Company Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £4.9m, make it smaller than the average company (£20.5m)
- Abacus Motor Company Limited
£20.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Abacus Motor Company Limited
- - Industry AVG
Production
with a gross margin of 12.6%, this company has a comparable cost of product (12.6%)
- Abacus Motor Company Limited
12.6% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (2.6%)
- Abacus Motor Company Limited
2.6% - Industry AVG
Employees
with 15 employees, this is below the industry average (83)
- Abacus Motor Company Limited
83 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Abacus Motor Company Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £327.6k, this is equally as efficient (£350.7k)
- Abacus Motor Company Limited
£350.7k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is near the average (20 days)
- Abacus Motor Company Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (48 days)
- Abacus Motor Company Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 99 days, this is more than average (72 days)
- Abacus Motor Company Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Abacus Motor Company Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.1%, this is a higher level of debt than the average (73.5%)
108.1% - Abacus Motor Company Limited
73.5% - Industry AVG
abacus motor company limited Credit Report and Business Information
Abacus Motor Company Limited Competitor Analysis
Perform a competitor analysis for abacus motor company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
abacus motor company limited Ownership
ABACUS MOTOR COMPANY LIMITED group structure
Abacus Motor Company Limited has no subsidiary companies.
Ultimate parent company
ABACUS MOTOR COMPANY LIMITED
09344283
abacus motor company limited directors
Abacus Motor Company Limited currently has 1 director, Mr Michael Baldry serving since Dec 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Baldry | England | 65 years | Dec 2014 | - | Director |
ABACUS MOTOR COMPANY LIMITED financials
Abacus Motor Company Limited's latest turnover from December 2016 is estimated at £4.9 million and the company has net assets of -£231.2 thousand. According to their latest financial statements, we estimate that Abacus Motor Company Limited has 15 employees and maintains cash reserves of £380 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | |
|---|---|---|
| Turnover | ||
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | ||
| Tax | ||
| Profit After Tax | ||
| Dividends Paid | ||
| Retained Profit | ||
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | |
|---|---|---|
| Tangible Assets | 1,442,524 | 1,514,915 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 1,442,524 | 1,514,915 |
| Stock & work in progress | 1,164,324 | 2,071,565 |
| Trade Debtors | 261,231 | 260,542 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 380 | 380 |
| misc current assets | 0 | 0 |
| total current assets | 1,425,935 | 2,332,487 |
| total assets | 2,868,459 | 3,847,402 |
| Bank overdraft | 176,002 | 85,313 |
| Bank loan | 0 | 0 |
| Trade Creditors | 755,967 | 925,226 |
| Group/Directors Accounts | 340,000 | 40,000 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 486,962 | 1,226,782 |
| total current liabilities | 1,758,931 | 2,277,321 |
| loans | 1,340,776 | 1,611,841 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 1,340,776 | 1,611,841 |
| total liabilities | 3,099,707 | 3,889,162 |
| net assets | -231,248 | -41,760 |
| total shareholders funds | -231,248 | -41,760 |
| Dec 2016 | Dec 2015 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 74,670 | 13,937 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | -907,241 | 2,071,565 |
| Debtors | 689 | 260,542 |
| Creditors | -169,259 | 925,226 |
| Accruals and Deferred Income | -739,820 | 1,226,782 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 300,000 | 40,000 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -271,065 | 1,611,841 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 0 | 380 |
| overdraft | 90,689 | 85,313 |
| change in cash | -90,689 | -84,933 |
P&L
December 2016turnover
4.9m
-26%
operating profit
-89.1k
0%
gross margin
12.7%
-5.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
-231.2k
+4.54%
total assets
2.9m
-0.25%
cash
380
0%
net assets
Total assets minus all liabilities
abacus motor company limited company details
company number
09344283
Type
Private limited with Share Capital
industry
45190 - Sale of other motor vehicles
incorporation date
December 2014
age
10
accounts
Small Company
ultimate parent company
previous names
the lace market hotel limited (January 2015)
incorporated
UK
address
suite a 7th floor east west bu, 2 tollhouse hill, nottingham, NG1 5FS
last accounts submitted
December 2016
abacus motor company 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 did not find charges/mortgages relating to abacus motor company limited.
abacus motor company limited Companies House Filings - See Documents
| date | description | view/download |
|---|
