truck-lite europe limited

3

truck-lite europe limited Company Information

Share TRUCK-LITE EUROPE LIMITED
Live 
MatureLargeHealthy

Company Number

00195431

Registered Address

barrows road, harlow, essex, CM19 5FA

Industry

Manufacture of other parts and accessories for motor vehicles

 

Telephone

01279406406

Next Accounts Due

35 days late

Group Structure

View All

Directors

Brian Kupchella17 Years

Paul Lucchi3 Years

View All

Shareholders

truck-lite company ltd 100%

truck-lite europe limited Estimated Valuation

£30.8m

Pomanda estimates the enterprise value of TRUCK-LITE EUROPE LIMITED at £30.8m based on a Turnover of £46.1m and 0.67x industry multiple (adjusted for size and gross margin).

truck-lite europe limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of TRUCK-LITE EUROPE LIMITED at £3.4m based on an EBITDA of £526k and a 6.51x industry multiple (adjusted for size and gross margin).

truck-lite europe limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TRUCK-LITE EUROPE LIMITED at £0 based on Net Assets of £-16.7m and 1.86x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Truck-lite Europe Limited Overview

Truck-lite Europe Limited is a live company located in essex, CM19 5FA with a Companies House number of 00195431. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in January 1924, it's largest shareholder is truck-lite company ltd with a 100% stake. Truck-lite Europe Limited is a mature, large sized company, Pomanda has estimated its turnover at £46.1m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Truck-lite Europe Limited Health Check

Pomanda's financial health check has awarded Truck-Lite Europe Limited a 3 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 Rating3out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £46.1m, make it larger than the average company (£21.9m)

£46.1m - Truck-lite Europe Limited

£21.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (-2.8%)

9% - Truck-lite Europe Limited

-2.8% - Industry AVG

production

Production

with a gross margin of 30%, this company has a lower cost of product (19.8%)

30% - Truck-lite Europe Limited

19.8% - Industry AVG

profitability

Profitability

an operating margin of -1.4% make it less profitable than the average company (3.3%)

-1.4% - Truck-lite Europe Limited

3.3% - Industry AVG

employees

Employees

with 330 employees, this is above the industry average (122)

330 - Truck-lite Europe Limited

122 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.8k, the company has an equivalent pay structure (£40k)

£32.8k - Truck-lite Europe Limited

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £139.6k, this is less efficient (£167.1k)

£139.6k - Truck-lite Europe Limited

£167.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (52 days)

49 days - Truck-lite Europe Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is slower than average (43 days)

49 days - Truck-lite Europe Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 99 days, this is more than average (63 days)

99 days - Truck-lite Europe Limited

63 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (9 weeks)

7 weeks - Truck-lite Europe Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 166.6%, this is a higher level of debt than the average (58.7%)

166.6% - Truck-lite Europe Limited

58.7% - Industry AVG

TRUCK-LITE EUROPE LIMITED financials

EXPORTms excel logo

Truck-Lite Europe Limited's latest turnover from December 2022 is £46.1 million and the company has net assets of -£16.7 million. According to their latest financial statements, Truck-Lite Europe Limited has 330 employees and maintains cash reserves of £1.7 million 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
Turnover46,079,00043,005,00032,430,00036,038,00035,493,00031,663,00029,488,00027,533,00029,196,00033,800,00031,689,00035,668,00031,178,00025,010,000
Other Income Or Grants00000000000000
Cost Of Sales32,263,00029,047,00027,315,00026,830,00022,617,00019,561,00018,226,00016,015,00016,951,00020,811,00017,241,00019,467,00016,352,00013,573,000
Gross Profit13,816,00013,958,0005,115,0009,208,00012,876,00012,102,00011,262,00011,518,00012,245,00012,989,00014,448,00016,201,00014,826,00011,437,000
Admin Expenses14,459,00013,296,00011,785,00012,926,00012,488,00010,943,00011,719,00011,272,00012,212,00012,724,00015,435,00016,121,00014,534,00012,066,000
Operating Profit-643,000662,000-6,670,000-3,718,000388,0001,159,000-457,000246,00033,000265,000-987,00080,000292,000-629,000
Interest Payable940,000701,0002,0004,0001,144,0001,338,0000901,000836,0001,743,0001,783,0001,698,00012,00061,000
Interest Receivable627,000453,00000001,000001,612,0001,410,0001,720,00017,00058,000
Pre-Tax Profit-956,000414,000-6,983,000-5,783,00098,000694,000-2,687,000-1,074,000-918,000288,000-1,202,000402,000268,000-650,000
Tax-71,000-159,000-2,501,0001,768,000-389,000179,000268,000-59,000-114,000-411,000-38,000-344,000-187,000515,000
Profit After Tax-1,027,000255,000-9,484,000-4,015,000-291,000873,000-2,419,000-1,133,000-1,032,000-123,000-1,240,00058,00081,000-135,000
Dividends Paid00000000000000
Retained Profit-1,027,000255,000-9,484,000-4,015,000-291,000873,000-2,419,000-1,133,000-1,032,000-123,000-1,240,00058,00081,000-135,000
Employee Costs10,830,00011,516,00010,180,0009,966,0009,142,0008,715,0008,564,0009,109,0008,926,0008,961,0008,403,0008,726,0007,887,0007,425,000
Number Of Employees330347343329315313312319334328294310287274
EBITDA*526,0002,056,000-5,007,000-2,578,0001,510,0002,107,000496,0001,105,0001,055,0001,365,00054,0001,112,0001,448,000603,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets6,478,0007,171,0008,325,0008,286,00010,451,0009,986,0009,559,0008,874,0008,796,0009,367,0008,836,0009,920,0009,113,0009,011,000
Intangible Assets00000000000000
Investments & Other000056,00056,00056,00056,00056,00056,00056,00056,000149,000176,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets6,478,0007,171,0008,325,0008,286,00010,507,00010,042,0009,615,0008,930,0008,852,0009,423,0008,892,0009,976,0009,262,0009,187,000
Stock & work in progress8,810,0009,139,0007,106,0009,191,0007,325,0007,435,0006,511,0005,913,0006,282,0006,079,0005,928,0004,505,0003,868,0002,671,000
Trade Debtors6,276,0006,155,0005,564,0006,551,0006,112,0005,184,0005,500,0004,799,0005,423,0005,361,0005,407,0005,144,0005,115,0003,528,000
Group Debtors45,00099,00076,000103,00014,00026,00082,00050,000146,000214,0002,489,00067,000106,000891,000
Misc Debtors1,751,0001,524,0001,400,0008,669,0005,153,0005,431,0005,617,0003,489,0004,031,0002,074,0001,940,0001,570,0001,585,0001,568,000
Cash1,662,000886,000787,000509,000142,00049,00058,000652,000825,00051,00086,00076,000363,000205,000
misc current assets00000000000000
total current assets18,544,00017,803,00014,933,00025,023,00018,746,00018,125,00017,768,00014,903,00016,707,00013,779,00015,850,00011,362,00011,037,0008,863,000
total assets25,022,00024,974,00023,258,00033,309,00029,253,00028,167,00027,383,00023,833,00025,559,00023,202,00024,742,00021,338,00020,299,00018,050,000
Bank overdraft00011,0000000000000
Bank loan00000000000000
Trade Creditors 4,377,0004,660,00010,269,0005,236,0003,541,0003,452,0003,779,0002,597,0002,534,0003,329,0003,770,0002,431,0002,610,0001,543,000
Group/Directors Accounts5,615,00014,334,00007,797,0001,625,000430,000598,000242,000167,000285,0006,637,0002,290,0001,030,000222,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities2,038,0001,499,0000953,000801,000778,000563,000709,000931,000823,000719,0001,562,0001,448,0001,141,000
total current liabilities12,030,00020,493,00010,269,00013,997,0005,967,0004,660,0004,940,0003,548,0003,632,0004,437,00011,126,0006,283,0005,088,0002,906,000
loans10,337,00008,424,0002,607,0002,844,0002,348,0001,053,0007,699,0007,825,0005,596,0000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions343,000606,000383,000432,000175,000160,000140,000126,000143,000169,000134,000277,000161,000151,000
total long term liabilities29,651,00018,439,00029,010,00015,029,00013,257,00014,202,00018,611,00017,723,00019,583,0009,914,0007,473,0007,255,0004,049,0005,853,000
total liabilities41,681,00038,932,00039,279,00029,026,00019,224,00018,862,00023,551,00021,271,00023,215,00014,351,00018,599,00013,538,0009,137,0008,759,000
net assets-16,659,000-13,958,000-16,021,0004,283,00010,029,0009,305,0003,832,0002,562,0002,344,0008,851,0006,143,0007,800,00011,162,0009,291,000
total shareholders funds-16,659,000-13,958,000-16,021,0004,283,00010,029,0009,305,0003,832,0002,562,0002,344,0008,851,0006,143,0007,800,00011,162,0009,291,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-643,000662,000-6,670,000-3,718,000388,0001,159,000-457,000246,00033,000265,000-987,00080,000292,000-629,000
Depreciation1,169,0001,394,0001,663,0001,140,0001,122,000948,000953,000859,0001,022,0001,100,0001,041,0001,032,0001,156,0001,232,000
Amortisation00000000000000
Tax-71,000-159,000-2,501,0001,768,000-389,000179,000268,000-59,000-114,000-411,000-38,000-344,000-187,000515,000
Stock-329,0002,033,000-2,085,0001,866,000-110,000924,000598,000-369,000203,000151,0001,423,000637,0001,197,0002,671,000
Debtors294,000738,000-8,283,0004,044,000638,000-558,0002,861,000-1,262,0001,951,000-2,187,0003,055,000-25,000819,0005,987,000
Creditors-283,000-5,609,0005,033,0001,695,00089,000-327,0001,182,00063,000-795,000-441,0001,339,000-179,0001,067,0001,543,000
Accruals and Deferred Income539,0001,499,000-953,000152,00023,000215,000-146,000-222,000108,000104,000-843,000114,000307,0001,141,000
Deferred Taxes & Provisions-263,000223,000-49,000257,00015,00020,00014,000-17,000-26,00035,000-143,000116,00010,000151,000
Cash flow from operations483,000-4,761,0006,891,000-4,616,000720,0001,828,000-1,645,0002,501,000-1,926,0002,688,000-4,109,000207,000629,000-4,705,000
Investing Activities
capital expenditure0000-1,587,000-1,375,000-1,638,000-937,000-451,000-1,631,00043,000-1,839,000-1,258,000-10,243,000
Change in Investments000-56,0000000000-93,000-27,000176,000
cash flow from investments00056,000-1,587,000-1,375,000-1,638,000-937,000-451,000-1,631,00043,000-1,746,000-1,231,000-10,419,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-8,719,00014,334,000-7,797,0006,172,0001,195,000-168,000356,00075,000-118,000-6,352,0004,347,0001,260,000808,000222,000
Other Short Term Loans 00000000000000
Long term loans10,337,000-8,424,0005,817,000-237,000496,0001,295,000-6,646,000-126,0002,229,0005,596,0000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-1,674,0001,808,000-10,820,000-1,731,0001,015,0004,600,0003,689,0001,351,000-5,475,0002,831,000-417,000-3,420,0001,790,0009,426,000
interest-313,000-248,000-2,000-4,000-1,144,000-1,338,0001,000-901,000-836,000-131,000-373,00022,0005,000-3,000
cash flow from financing-369,0007,470,000-12,802,0004,200,0001,562,0004,389,000-2,600,000399,000-4,200,0001,944,0003,557,000-2,138,0002,603,0009,645,000
cash and cash equivalents
cash776,00099,000278,000367,00093,000-9,000-594,000-173,000774,000-35,00010,000-287,000158,000205,000
overdraft00-11,00011,0000000000000
change in cash776,00099,000289,000356,00093,000-9,000-594,000-173,000774,000-35,00010,000-287,000158,000205,000

truck-lite europe limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for truck-lite europe limited. Get real-time insights into truck-lite europe limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Truck-lite Europe Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for truck-lite europe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in CM19 area or any other competitors across 12 key performance metrics.

truck-lite europe limited Ownership

TRUCK-LITE EUROPE LIMITED group structure

Truck-Lite Europe Limited has 3 subsidiary companies.

Ultimate parent company

TRUCK-LITE CO INC

#0029752

2 parents

TRUCK-LITE EUROPE LIMITED

00195431

3 subsidiaries

TRUCK-LITE EUROPE LIMITED Shareholders

truck-lite company ltd 100%

truck-lite europe limited directors

Truck-Lite Europe Limited currently has 3 directors. The longest serving directors include Mr Brian Kupchella (Jul 2007) and Mr Paul Lucchi (Nov 2020).

officercountryagestartendrole
Mr Brian KupchellaUnited States57 years Jul 2007- Director
Mr Paul LucchiEngland56 years Nov 2020- Director
Mr Robert Willing56 years Jun 2023- Director

P&L

December 2022

turnover

46.1m

+7%

operating profit

-643k

-197%

gross margin

30%

-7.62%

turnover

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

Balance Sheet

December 2022

net assets

-16.7m

+0.19%

total assets

25m

0%

cash

1.7m

+0.88%

net assets

Total assets minus all liabilities

truck-lite europe limited company details

company number

00195431

Type

Private limited with Share Capital

industry

29320 - Manufacture of other parts and accessories for motor vehicles

incorporation date

January 1924

age

100

incorporated

UK

ultimate parent company

TRUCK-LITE CO INC

accounts

Full Accounts

last accounts submitted

December 2022

previous names

flexible lamps limited (February 2007)

accountant

-

auditor

ERNST & YOUNG LLP

address

barrows road, harlow, essex, CM19 5FA

Bank

BANK OF SCOTLAND

Legal Advisor

-

truck-lite europe 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 4 charges/mortgages relating to truck-lite europe limited. Currently there are 2 open charges and 2 have been satisfied in the past.

charges

truck-lite europe limited Companies House Filings - See Documents

datedescriptionview/download