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Company No. 07177616 · Incorporated 4 Mar 2010

Completely Motoring Limited

Registered name: COMPLETELY MOTORING LIMITED

Completely Motoring Limited made £78.4m revenue and £513k profit in the year to 31 Mar 2023.

Completely Motoring Limited’s revenue grew 56% to £78.4m in the year to 31 Mar 2023, with £513k profit and 194 employees. The company is classified under “sale of used cars and light motor vehicles” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45112Sale of used cars and light motor vehicles
Status
In Administration/Receiver Manager
Location
Manchester, North West
Age
16 yrs · since 2010
Type
Private Limited Company
Latest accounts · year to 31 Mar 2023

Key figures

IndependentCash flow filed
Revenue
£78.4m
Growth ▲55.8%
Profit
£513k
Growth ▼32.3%
Profit margin
0.7%
Gross 9.9%
Employees
194
Change ▲84.8%
Profit / employee
£2.6k
Revenue/employee £404k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£50.3m£78.4m
Cost of sales£45.7m£70.6m
Gross profit£4.6m£7.8m
Operating profit£1.4m£1.6m
Profit before tax£1m£677k
Profit after tax£758k£513k
Profit (best available)£758k£513k
Staff costs£2.8m£6.2m
Employees (average)105194
Ratios
Profit margin1.5%0.7%
Gross margin9.2%9.9%
Revenue per employee£479k£404k
Profit per employee£7.2k£2.6k
Cash conversion−102.6%61.8%
Growth (year on year)
Revenue growth—▲55.8%
Profit growth—▼32.3%
Headcount growth—▲84.8%
Balance sheet — indirect signals, not revenue
Cash at bank£171k£185k
Net assets£1.7m£1.2m
Fixed assets£8.1m£8.4m
Current assets£13.4m£16.5m
Debtors£461k£1m
Cash from operations−£1.4m£993k
SourceAccounts · bulk data Dec 2023Accounts · bulk data Dec 2023
Derived from the latest filing

How the business works

Profit margin
0.7%
Profit ÷ revenue.
Gross margin
9.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£404k
Revenue ÷ average employees.
Profit per employee
£2.6k
Profit ÷ average employees.
Cash conversion
61.8%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
10.7%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
1.3%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▼26%
Now £1.2m
Cash at bank
▲8%
Now £185k
Headcount
▲85%
Now 194
Deferred income
—
Now —
Fixed assets
▲3%
Now £8.4m
Corporate ownership

Group structure

Subsidiaries (1)

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit £513k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.