tiflex limited
tiflex limited Company Information
Company Number
00394614
Next Accounts
Dec 2025
Shareholders
james walker group ltd
Group Structure
View All
Industry
Manufacture of other rubber products
Registered Address
lion house, oriental road, woking, surrey, GU22 8AP
Website
http://www.tiflex.co.uktiflex limited Estimated Valuation
Pomanda estimates the enterprise value of TIFLEX LIMITED at £13m based on a Turnover of £17.3m and 0.75x industry multiple (adjusted for size and gross margin).
tiflex limited Estimated Valuation
Pomanda estimates the enterprise value of TIFLEX LIMITED at £17.8m based on an EBITDA of £2.6m and a 6.77x industry multiple (adjusted for size and gross margin).
tiflex limited Estimated Valuation
Pomanda estimates the enterprise value of TIFLEX LIMITED at £12.7m based on Net Assets of £6.5m and 1.95x industry multiple (adjusted for liquidity).
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Tiflex Limited Overview
Tiflex Limited is a live company located in woking, GU22 8AP with a Companies House number of 00394614. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in April 1945, it's largest shareholder is james walker group ltd with a 100% stake. Tiflex Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.3m with healthy growth in recent years.
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Tiflex Limited Health Check
Pomanda's financial health check has awarded Tiflex Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £17.3m, make it larger than the average company (£13.9m)
£17.3m - Tiflex Limited
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (8.4%)
10% - Tiflex Limited
8.4% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (30.1%)
30.1% - Tiflex Limited
30.1% - Industry AVG
Profitability
an operating margin of 14.1% make it more profitable than the average company (5.1%)
14.1% - Tiflex Limited
5.1% - Industry AVG
Employees
with 145 employees, this is above the industry average (77)
145 - Tiflex Limited
77 - Industry AVG
Pay Structure
on an average salary of £38.8k, the company has an equivalent pay structure (£44.7k)
£38.8k - Tiflex Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £119.3k, this is less efficient (£182k)
£119.3k - Tiflex Limited
£182k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (57 days)
49 days - Tiflex Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (47 days)
41 days - Tiflex Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 68 days, this is in line with average (75 days)
68 days - Tiflex Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Tiflex Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.3%, this is a lower level of debt than the average (41.4%)
35.3% - Tiflex Limited
41.4% - Industry AVG
TIFLEX LIMITED financials
Tiflex Limited's latest turnover from March 2024 is £17.3 million and the company has net assets of £6.5 million. According to their latest financial statements, Tiflex Limited has 145 employees and maintains cash reserves of £15 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,292,000 | 12,137,000 | 16,253,000 | 13,069,000 | 14,127,000 | 16,599,000 | 17,648,000 | 17,357,000 | 14,426,000 | 15,219,000 | 13,480,000 | 12,904,000 | 12,194,000 | 14,242,000 | 10,319,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 2,438,000 | -196,000 | 2,473,000 | 2,099,000 | 481,000 | 1,625,000 | 2,861,000 | 371,000 | 458,000 | 1,781,000 | 1,562,000 | 1,309,000 | 675,000 | 2,253,000 | 1,002,000 |
| Interest Payable | 2,000 | 10,000 | 23,000 | ||||||||||||
| Interest Receivable | 13,000 | 3,000 | 4,000 | 1,000 | 3,000 | 2,000 | 3,000 | 2,000 | 1,000 | ||||||
| Pre-Tax Profit | 2,451,000 | -193,000 | 2,477,000 | 2,100,000 | 484,000 | 1,627,000 | 2,851,000 | 371,000 | 458,000 | 1,783,000 | 1,565,000 | 1,311,000 | 676,000 | 2,253,000 | 979,000 |
| Tax | -133,000 | -35,000 | -69,000 | -80,000 | -232,000 | -151,000 | -119,000 | 35,000 | 30,000 | -130,000 | 75,000 | -25,000 | -25,000 | 150,000 | |
| Profit After Tax | 2,318,000 | -228,000 | 2,408,000 | 2,020,000 | 252,000 | 1,476,000 | 2,732,000 | 406,000 | 488,000 | 1,653,000 | 1,640,000 | 1,286,000 | 651,000 | 2,253,000 | 1,129,000 |
| Dividends Paid | 5,000,000 | 1,200,000 | 2,000,000 | 800,000 | 600,000 | 1,700,000 | 2,000,000 | 1,200,000 | 1,000,000 | 800,000 | |||||
| Retained Profit | 2,318,000 | -5,228,000 | 2,408,000 | 2,020,000 | -948,000 | -524,000 | 1,932,000 | -194,000 | -1,212,000 | -347,000 | 440,000 | 286,000 | -149,000 | 2,253,000 | 1,129,000 |
| Employee Costs | 5,628,000 | 5,159,000 | 5,092,000 | 5,114,000 | 5,244,000 | 5,408,000 | 5,541,000 | 5,625,000 | 5,595,000 | 5,703,000 | 5,472,000 | 5,024,000 | 4,711,000 | 4,983,000 | 3,798,000 |
| Number Of Employees | 145 | 144 | 151 | 158 | 167 | 179 | 171 | 157 | 161 | 161 | 154 | 154 | 163 | 166 | 146 |
| EBITDA* | 2,629,000 | -16,000 | 2,621,000 | 2,278,000 | 738,000 | 1,883,000 | 3,145,000 | 688,000 | 718,000 | 1,969,000 | 1,749,000 | 1,515,000 | 872,000 | 2,461,000 | 1,226,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,913,000 | 1,947,000 | 1,468,000 | 1,056,000 | 1,100,000 | 1,106,000 | 1,166,000 | 1,190,000 | 1,399,000 | 1,463,000 | 908,000 | 948,000 | 928,000 | 848,000 | 906,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,093,000 | ||||||||||||||
| Debtors (Due After 1 year) | 20,000 | 30,000 | 70,000 | 60,000 | 110,000 | 75,000 | 45,000 | 175,000 | 100,000 | 125,000 | 150,000 | 150,000 | |||
| Total Fixed Assets | 4,006,000 | 1,947,000 | 1,468,000 | 1,076,000 | 1,130,000 | 1,176,000 | 1,226,000 | 1,300,000 | 1,474,000 | 1,508,000 | 1,083,000 | 1,048,000 | 1,053,000 | 998,000 | 1,056,000 |
| Stock & work in progress | 2,264,000 | 2,208,000 | 1,899,000 | 1,625,000 | 2,033,000 | 2,227,000 | 2,746,000 | 2,493,000 | 2,169,000 | 2,087,000 | 2,294,000 | 2,172,000 | 2,139,000 | 2,576,000 | 1,858,000 |
| Trade Debtors | 2,332,000 | 1,212,000 | 1,637,000 | 1,084,000 | 1,088,000 | 2,449,000 | 3,580,000 | 2,586,000 | 1,845,000 | 2,780,000 | 2,837,000 | 2,112,000 | 1,100,000 | 1,389,000 | 958,000 |
| Group Debtors | 1,000,000 | 560,000 | 8,367,000 | 4,895,000 | 2,814,000 | 1,735,000 | 1,040,000 | 1,440,000 | 1,517,000 | 2,457,000 | 3,110,000 | 2,756,000 | 2,252,000 | 2,038,000 | 1,013,000 |
| Misc Debtors | 413,000 | 120,000 | 237,000 | 270,000 | 258,000 | 213,000 | 268,000 | 239,000 | 246,000 | 194,000 | 201,000 | 246,000 | 224,000 | 203,000 | 147,000 |
| Cash | 15,000 | 15,000 | 524,000 | 120,000 | 315,000 | 281,000 | 216,000 | 109,000 | 104,000 | 62,000 | 126,000 | 125,000 | 192,000 | 966,000 | 44,000 |
| misc current assets | |||||||||||||||
| total current assets | 6,024,000 | 4,115,000 | 12,664,000 | 7,994,000 | 6,508,000 | 6,905,000 | 7,850,000 | 6,867,000 | 5,881,000 | 7,580,000 | 8,568,000 | 7,411,000 | 5,907,000 | 7,172,000 | 4,020,000 |
| total assets | 10,030,000 | 6,062,000 | 14,132,000 | 9,070,000 | 7,638,000 | 8,081,000 | 9,076,000 | 8,167,000 | 7,355,000 | 9,088,000 | 9,651,000 | 8,459,000 | 6,960,000 | 8,170,000 | 5,076,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,369,000 | 1,106,000 | 3,197,000 | 1,229,000 | 2,278,000 | 1,428,000 | 1,432,000 | 2,155,000 | 1,481,000 | 1,562,000 | 1,701,000 | 1,463,000 | 916,000 | 1,356,000 | 1,064,000 |
| Group/Directors Accounts | 5,000 | 271,000 | 21,000 | 13,000 | 72,000 | 4,000 | 1,000 | 850,000 | 847,000 | 581,000 | 673,000 | 492,000 | 57,000 | 402,000 | 14,000 |
| other short term finances | 153,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 900,000 | 405,000 | 1,485,000 | 887,000 | 303,000 | 661,000 | 1,194,000 | 684,000 | 355,000 | 1,014,000 | 1,012,000 | 669,000 | 402,000 | 684,000 | 555,000 |
| total current liabilities | 2,427,000 | 1,782,000 | 4,703,000 | 2,129,000 | 2,653,000 | 2,093,000 | 2,627,000 | 3,689,000 | 2,683,000 | 3,157,000 | 3,386,000 | 2,624,000 | 1,375,000 | 2,442,000 | 1,633,000 |
| loans | 847,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 37,000 | 32,000 | 8,000 | 14,000 | 7,000 | 2,000 | 2,000 | 3,000 | 7,000 | 5,000 | 11,000 | ||||
| provisions | 228,000 | 115,000 | 80,000 | ||||||||||||
| total long term liabilities | 1,112,000 | 147,000 | 80,000 | 8,000 | 14,000 | 7,000 | 2,000 | 2,000 | 3,000 | 7,000 | 5,000 | 11,000 | |||
| total liabilities | 3,539,000 | 1,929,000 | 4,783,000 | 2,129,000 | 2,661,000 | 2,107,000 | 2,634,000 | 3,689,000 | 2,683,000 | 3,159,000 | 3,388,000 | 2,627,000 | 1,382,000 | 2,447,000 | 1,644,000 |
| net assets | 6,491,000 | 4,133,000 | 9,349,000 | 6,941,000 | 4,977,000 | 5,974,000 | 6,442,000 | 4,478,000 | 4,672,000 | 5,929,000 | 6,263,000 | 5,832,000 | 5,578,000 | 5,723,000 | 3,432,000 |
| total shareholders funds | 6,491,000 | 4,133,000 | 9,349,000 | 6,941,000 | 4,977,000 | 5,974,000 | 6,442,000 | 4,478,000 | 4,672,000 | 5,929,000 | 6,263,000 | 5,832,000 | 5,578,000 | 5,723,000 | 3,432,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,438,000 | -196,000 | 2,473,000 | 2,099,000 | 481,000 | 1,625,000 | 2,861,000 | 371,000 | 458,000 | 1,781,000 | 1,562,000 | 1,309,000 | 675,000 | 2,253,000 | 1,002,000 |
| Depreciation | 191,000 | 180,000 | 148,000 | 179,000 | 257,000 | 258,000 | 284,000 | 317,000 | 260,000 | 188,000 | 187,000 | 206,000 | 197,000 | 208,000 | 224,000 |
| Amortisation | |||||||||||||||
| Tax | -133,000 | -35,000 | -69,000 | -80,000 | -232,000 | -151,000 | -119,000 | 35,000 | 30,000 | -130,000 | 75,000 | -25,000 | -25,000 | 150,000 | |
| Stock | 56,000 | 309,000 | 274,000 | -408,000 | -194,000 | -519,000 | 253,000 | 324,000 | 82,000 | -207,000 | 122,000 | 33,000 | -437,000 | 718,000 | 1,858,000 |
| Debtors | 1,853,000 | -8,349,000 | 3,972,000 | 2,079,000 | -277,000 | -481,000 | 573,000 | 692,000 | -1,793,000 | -847,000 | 1,109,000 | 1,513,000 | -79,000 | 1,512,000 | 2,268,000 |
| Creditors | 263,000 | -2,091,000 | 1,968,000 | -1,049,000 | 850,000 | -4,000 | -723,000 | 674,000 | -81,000 | -139,000 | 238,000 | 547,000 | -440,000 | 292,000 | 1,064,000 |
| Accruals and Deferred Income | 495,000 | -1,080,000 | 598,000 | 584,000 | -358,000 | -533,000 | 510,000 | 329,000 | -659,000 | 2,000 | 343,000 | 267,000 | -282,000 | 129,000 | 555,000 |
| Deferred Taxes & Provisions | 113,000 | 35,000 | 80,000 | ||||||||||||
| Cash flow from operations | 1,458,000 | 4,853,000 | 952,000 | 62,000 | 1,469,000 | 2,195,000 | 1,987,000 | 710,000 | 1,719,000 | 2,756,000 | 1,174,000 | 758,000 | 641,000 | 652,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 2,093,000 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -266,000 | 250,000 | 8,000 | -59,000 | 68,000 | 3,000 | -849,000 | 3,000 | 266,000 | -92,000 | 181,000 | 435,000 | -345,000 | 388,000 | 14,000 |
| Other Short Term Loans | 153,000 | ||||||||||||||
| Long term loans | 847,000 | ||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 5,000 | 32,000 | -8,000 | -6,000 | 7,000 | 7,000 | -2,000 | -1,000 | -4,000 | 2,000 | -6,000 | 11,000 | |||
| share issue | |||||||||||||||
| interest | 13,000 | 3,000 | 4,000 | 1,000 | 3,000 | -2,000 | -10,000 | 2,000 | 3,000 | 2,000 | 1,000 | -23,000 | |||
| cash flow from financing | 792,000 | 297,000 | 12,000 | -122,000 | 16,000 | 64,000 | -820,000 | 3,000 | 219,000 | -77,000 | 174,000 | 401,000 | -338,000 | 420,000 | 2,305,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -509,000 | 404,000 | -195,000 | 34,000 | 65,000 | 107,000 | 5,000 | 42,000 | -64,000 | 1,000 | -67,000 | -774,000 | 922,000 | 44,000 | |
| overdraft | |||||||||||||||
| change in cash | -509,000 | 404,000 | -195,000 | 34,000 | 65,000 | 107,000 | 5,000 | 42,000 | -64,000 | 1,000 | -67,000 | -774,000 | 922,000 | 44,000 |
tiflex limited Credit Report and Business Information
Tiflex Limited Competitor Analysis
Perform a competitor analysis for tiflex limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in GU22 area or any other competitors across 12 key performance metrics.
tiflex limited Ownership
TIFLEX LIMITED group structure
Tiflex Limited has 1 subsidiary company.
Ultimate parent company
1 parent
TIFLEX LIMITED
00394614
1 subsidiary
tiflex limited directors
Tiflex Limited currently has 5 directors. The longest serving directors include Mr David Jackson (Mar 2014) and Mr Tom Collins (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Jackson | England | 52 years | Mar 2014 | - | Director |
| Mr Tom Collins | United Kingdom | 54 years | Jun 2015 | - | Director |
| Mr Diederik Neeb | England | 59 years | Dec 2021 | - | Director |
| Mr Matthew Orton | 36 years | Jan 2023 | - | Director | |
| Mr Nathan Searle | 47 years | Nov 2023 | - | Director |
P&L
March 2024turnover
17.3m
+42%
operating profit
2.4m
-1344%
gross margin
30.1%
+0.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6.5m
+0.57%
total assets
10m
+0.65%
cash
15k
0%
net assets
Total assets minus all liabilities
tiflex limited company details
company number
00394614
Type
Private limited with Share Capital
industry
22190 - Manufacture of other rubber products
incorporation date
April 1945
age
80
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
flexible cork company limited (April 1990)
accountant
-
auditor
HAYS MACINTYRE LLP
address
lion house, oriental road, woking, surrey, GU22 8AP
Bank
HSBC BANK PLC
Legal Advisor
-
tiflex 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 tiflex limited.
tiflex limited Capital Raised & Share Issues BETA
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tiflex limited Companies House Filings - See Documents
| date | description | view/download |
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