truck-lite europe limited Company Information
Company Number
00195431
Website
http://truck-lite.eu.comRegistered 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
Shareholders
truck-lite company ltd 100%
truck-lite europe limited Estimated Valuation
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
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
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).
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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.
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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
5 Strong
2 Regular
5 Weak
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
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
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
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
with 330 employees, this is above the industry average (122)
330 - Truck-lite Europe Limited
122 - Industry AVG
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
resulting in sales per employee of £139.6k, this is less efficient (£167.1k)
£139.6k - Truck-lite Europe Limited
£167.1k - Industry AVG
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
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
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
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
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
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 House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 46,079,000 | 43,005,000 | 32,430,000 | 36,038,000 | 35,493,000 | 31,663,000 | 29,488,000 | 27,533,000 | 29,196,000 | 33,800,000 | 31,689,000 | 35,668,000 | 31,178,000 | 25,010,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 32,263,000 | 29,047,000 | 27,315,000 | 26,830,000 | 22,617,000 | 19,561,000 | 18,226,000 | 16,015,000 | 16,951,000 | 20,811,000 | 17,241,000 | 19,467,000 | 16,352,000 | 13,573,000 |
Gross Profit | 13,816,000 | 13,958,000 | 5,115,000 | 9,208,000 | 12,876,000 | 12,102,000 | 11,262,000 | 11,518,000 | 12,245,000 | 12,989,000 | 14,448,000 | 16,201,000 | 14,826,000 | 11,437,000 |
Admin Expenses | 14,459,000 | 13,296,000 | 11,785,000 | 12,926,000 | 12,488,000 | 10,943,000 | 11,719,000 | 11,272,000 | 12,212,000 | 12,724,000 | 15,435,000 | 16,121,000 | 14,534,000 | 12,066,000 |
Operating Profit | -643,000 | 662,000 | -6,670,000 | -3,718,000 | 388,000 | 1,159,000 | -457,000 | 246,000 | 33,000 | 265,000 | -987,000 | 80,000 | 292,000 | -629,000 |
Interest Payable | 940,000 | 701,000 | 2,000 | 4,000 | 1,144,000 | 1,338,000 | 0 | 901,000 | 836,000 | 1,743,000 | 1,783,000 | 1,698,000 | 12,000 | 61,000 |
Interest Receivable | 627,000 | 453,000 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 1,612,000 | 1,410,000 | 1,720,000 | 17,000 | 58,000 |
Pre-Tax Profit | -956,000 | 414,000 | -6,983,000 | -5,783,000 | 98,000 | 694,000 | -2,687,000 | -1,074,000 | -918,000 | 288,000 | -1,202,000 | 402,000 | 268,000 | -650,000 |
Tax | -71,000 | -159,000 | -2,501,000 | 1,768,000 | -389,000 | 179,000 | 268,000 | -59,000 | -114,000 | -411,000 | -38,000 | -344,000 | -187,000 | 515,000 |
Profit After Tax | -1,027,000 | 255,000 | -9,484,000 | -4,015,000 | -291,000 | 873,000 | -2,419,000 | -1,133,000 | -1,032,000 | -123,000 | -1,240,000 | 58,000 | 81,000 | -135,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -1,027,000 | 255,000 | -9,484,000 | -4,015,000 | -291,000 | 873,000 | -2,419,000 | -1,133,000 | -1,032,000 | -123,000 | -1,240,000 | 58,000 | 81,000 | -135,000 |
Employee Costs | 10,830,000 | 11,516,000 | 10,180,000 | 9,966,000 | 9,142,000 | 8,715,000 | 8,564,000 | 9,109,000 | 8,926,000 | 8,961,000 | 8,403,000 | 8,726,000 | 7,887,000 | 7,425,000 |
Number Of Employees | 330 | 347 | 343 | 329 | 315 | 313 | 312 | 319 | 334 | 328 | 294 | 310 | 287 | 274 |
EBITDA* | 526,000 | 2,056,000 | -5,007,000 | -2,578,000 | 1,510,000 | 2,107,000 | 496,000 | 1,105,000 | 1,055,000 | 1,365,000 | 54,000 | 1,112,000 | 1,448,000 | 603,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 6,478,000 | 7,171,000 | 8,325,000 | 8,286,000 | 10,451,000 | 9,986,000 | 9,559,000 | 8,874,000 | 8,796,000 | 9,367,000 | 8,836,000 | 9,920,000 | 9,113,000 | 9,011,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 56,000 | 56,000 | 56,000 | 56,000 | 56,000 | 56,000 | 56,000 | 56,000 | 149,000 | 176,000 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 6,478,000 | 7,171,000 | 8,325,000 | 8,286,000 | 10,507,000 | 10,042,000 | 9,615,000 | 8,930,000 | 8,852,000 | 9,423,000 | 8,892,000 | 9,976,000 | 9,262,000 | 9,187,000 |
Stock & work in progress | 8,810,000 | 9,139,000 | 7,106,000 | 9,191,000 | 7,325,000 | 7,435,000 | 6,511,000 | 5,913,000 | 6,282,000 | 6,079,000 | 5,928,000 | 4,505,000 | 3,868,000 | 2,671,000 |
Trade Debtors | 6,276,000 | 6,155,000 | 5,564,000 | 6,551,000 | 6,112,000 | 5,184,000 | 5,500,000 | 4,799,000 | 5,423,000 | 5,361,000 | 5,407,000 | 5,144,000 | 5,115,000 | 3,528,000 |
Group Debtors | 45,000 | 99,000 | 76,000 | 103,000 | 14,000 | 26,000 | 82,000 | 50,000 | 146,000 | 214,000 | 2,489,000 | 67,000 | 106,000 | 891,000 |
Misc Debtors | 1,751,000 | 1,524,000 | 1,400,000 | 8,669,000 | 5,153,000 | 5,431,000 | 5,617,000 | 3,489,000 | 4,031,000 | 2,074,000 | 1,940,000 | 1,570,000 | 1,585,000 | 1,568,000 |
Cash | 1,662,000 | 886,000 | 787,000 | 509,000 | 142,000 | 49,000 | 58,000 | 652,000 | 825,000 | 51,000 | 86,000 | 76,000 | 363,000 | 205,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 18,544,000 | 17,803,000 | 14,933,000 | 25,023,000 | 18,746,000 | 18,125,000 | 17,768,000 | 14,903,000 | 16,707,000 | 13,779,000 | 15,850,000 | 11,362,000 | 11,037,000 | 8,863,000 |
total assets | 25,022,000 | 24,974,000 | 23,258,000 | 33,309,000 | 29,253,000 | 28,167,000 | 27,383,000 | 23,833,000 | 25,559,000 | 23,202,000 | 24,742,000 | 21,338,000 | 20,299,000 | 18,050,000 |
Bank overdraft | 0 | 0 | 0 | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 4,377,000 | 4,660,000 | 10,269,000 | 5,236,000 | 3,541,000 | 3,452,000 | 3,779,000 | 2,597,000 | 2,534,000 | 3,329,000 | 3,770,000 | 2,431,000 | 2,610,000 | 1,543,000 |
Group/Directors Accounts | 5,615,000 | 14,334,000 | 0 | 7,797,000 | 1,625,000 | 430,000 | 598,000 | 242,000 | 167,000 | 285,000 | 6,637,000 | 2,290,000 | 1,030,000 | 222,000 |
other short term finances | 0 | 0 | 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 | 0 | 0 |
other current liabilities | 2,038,000 | 1,499,000 | 0 | 953,000 | 801,000 | 778,000 | 563,000 | 709,000 | 931,000 | 823,000 | 719,000 | 1,562,000 | 1,448,000 | 1,141,000 |
total current liabilities | 12,030,000 | 20,493,000 | 10,269,000 | 13,997,000 | 5,967,000 | 4,660,000 | 4,940,000 | 3,548,000 | 3,632,000 | 4,437,000 | 11,126,000 | 6,283,000 | 5,088,000 | 2,906,000 |
loans | 10,337,000 | 0 | 8,424,000 | 2,607,000 | 2,844,000 | 2,348,000 | 1,053,000 | 7,699,000 | 7,825,000 | 5,596,000 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 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 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 343,000 | 606,000 | 383,000 | 432,000 | 175,000 | 160,000 | 140,000 | 126,000 | 143,000 | 169,000 | 134,000 | 277,000 | 161,000 | 151,000 |
total long term liabilities | 29,651,000 | 18,439,000 | 29,010,000 | 15,029,000 | 13,257,000 | 14,202,000 | 18,611,000 | 17,723,000 | 19,583,000 | 9,914,000 | 7,473,000 | 7,255,000 | 4,049,000 | 5,853,000 |
total liabilities | 41,681,000 | 38,932,000 | 39,279,000 | 29,026,000 | 19,224,000 | 18,862,000 | 23,551,000 | 21,271,000 | 23,215,000 | 14,351,000 | 18,599,000 | 13,538,000 | 9,137,000 | 8,759,000 |
net assets | -16,659,000 | -13,958,000 | -16,021,000 | 4,283,000 | 10,029,000 | 9,305,000 | 3,832,000 | 2,562,000 | 2,344,000 | 8,851,000 | 6,143,000 | 7,800,000 | 11,162,000 | 9,291,000 |
total shareholders funds | -16,659,000 | -13,958,000 | -16,021,000 | 4,283,000 | 10,029,000 | 9,305,000 | 3,832,000 | 2,562,000 | 2,344,000 | 8,851,000 | 6,143,000 | 7,800,000 | 11,162,000 | 9,291,000 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | -643,000 | 662,000 | -6,670,000 | -3,718,000 | 388,000 | 1,159,000 | -457,000 | 246,000 | 33,000 | 265,000 | -987,000 | 80,000 | 292,000 | -629,000 |
Depreciation | 1,169,000 | 1,394,000 | 1,663,000 | 1,140,000 | 1,122,000 | 948,000 | 953,000 | 859,000 | 1,022,000 | 1,100,000 | 1,041,000 | 1,032,000 | 1,156,000 | 1,232,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -71,000 | -159,000 | -2,501,000 | 1,768,000 | -389,000 | 179,000 | 268,000 | -59,000 | -114,000 | -411,000 | -38,000 | -344,000 | -187,000 | 515,000 |
Stock | -329,000 | 2,033,000 | -2,085,000 | 1,866,000 | -110,000 | 924,000 | 598,000 | -369,000 | 203,000 | 151,000 | 1,423,000 | 637,000 | 1,197,000 | 2,671,000 |
Debtors | 294,000 | 738,000 | -8,283,000 | 4,044,000 | 638,000 | -558,000 | 2,861,000 | -1,262,000 | 1,951,000 | -2,187,000 | 3,055,000 | -25,000 | 819,000 | 5,987,000 |
Creditors | -283,000 | -5,609,000 | 5,033,000 | 1,695,000 | 89,000 | -327,000 | 1,182,000 | 63,000 | -795,000 | -441,000 | 1,339,000 | -179,000 | 1,067,000 | 1,543,000 |
Accruals and Deferred Income | 539,000 | 1,499,000 | -953,000 | 152,000 | 23,000 | 215,000 | -146,000 | -222,000 | 108,000 | 104,000 | -843,000 | 114,000 | 307,000 | 1,141,000 |
Deferred Taxes & Provisions | -263,000 | 223,000 | -49,000 | 257,000 | 15,000 | 20,000 | 14,000 | -17,000 | -26,000 | 35,000 | -143,000 | 116,000 | 10,000 | 151,000 |
Cash flow from operations | 483,000 | -4,761,000 | 6,891,000 | -4,616,000 | 720,000 | 1,828,000 | -1,645,000 | 2,501,000 | -1,926,000 | 2,688,000 | -4,109,000 | 207,000 | 629,000 | -4,705,000 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | ||||||||||
Change in Investments | 0 | 0 | 0 | -56,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -93,000 | -27,000 | 176,000 |
cash flow from investments | 0 | 0 | 0 | 56,000 | ||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -8,719,000 | 14,334,000 | -7,797,000 | 6,172,000 | 1,195,000 | -168,000 | 356,000 | 75,000 | -118,000 | -6,352,000 | 4,347,000 | 1,260,000 | 808,000 | 222,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 10,337,000 | -8,424,000 | 5,817,000 | -237,000 | 496,000 | 1,295,000 | -6,646,000 | -126,000 | 2,229,000 | 5,596,000 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -313,000 | -248,000 | -2,000 | -4,000 | -1,144,000 | -1,338,000 | 1,000 | -901,000 | -836,000 | -131,000 | -373,000 | 22,000 | 5,000 | -3,000 |
cash flow from financing | -369,000 | 7,470,000 | -12,802,000 | 4,200,000 | 1,562,000 | 4,389,000 | -2,600,000 | 399,000 | -4,200,000 | 1,944,000 | 3,557,000 | -2,138,000 | 2,603,000 | 9,645,000 |
cash and cash equivalents | ||||||||||||||
cash | 776,000 | 99,000 | 278,000 | 367,000 | 93,000 | -9,000 | -594,000 | -173,000 | 774,000 | -35,000 | 10,000 | -287,000 | 158,000 | 205,000 |
overdraft | 0 | 0 | -11,000 | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 776,000 | 99,000 | 289,000 | 356,000 | 93,000 | -9,000 | -594,000 | -173,000 | 774,000 | -35,000 | 10,000 | -287,000 | 158,000 | 205,000 |
truck-lite europe limited Credit Report and Business Information
Truck-lite Europe Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Brian Kupchella | United States | 57 years | Jul 2007 | - | Director |
Mr Paul Lucchi | England | 56 years | Nov 2020 | - | Director |
Mr Robert Willing | 56 years | Jun 2023 | - | Director |
P&L
December 2022turnover
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 2022net 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
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.
truck-lite europe limited Companies House Filings - See Documents
date | description | view/download |
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