Vaculug Limited

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vaculug limited Company Information

Live

MatureLargeHealthy

Company Number

00488961

Website

http://vaculug.com

Registered Address

gonerby road, gonerby hill foot, grantham, lincolnshire, NG31 8HE

Industry

Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

Telephone

01476593095

Next Accounts Due

September 2024

Group Structure

View All

Directors

Harjeev Kandhari5 Years

Shareholders

grantham capital limited 100%

vaculug limited Estimated Valuation

£19.3m

Pomanda estimates the enterprise value of VACULUG LIMITED at £19.3m based on Net Assets of £11.6m and 1.67x industry multiple (adjusted for liquidity).

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Vaculug Limited is a live company located in grantham, NG31 8HE with a Companies House number of 00488961. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in December 1950, it's largest shareholder is grantham capital limited with a 100% stake. Vaculug Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Vaculug Limited a 4.5 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 Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £28.2m, make it smaller than the average company (£84.6m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (-2.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VACULUG LIMITED group structure

Vaculug Limited has 2 subsidiary companies.

Ultimate parent company

QUEENS ROAD CAPITAL LTD

#0118919

GRANTHAM CAPITAL LIMITED

11321148

2 parents

VACULUG LIMITED

00488961

2 subsidiaries

VACU-LUG TYRES LIMITED

01653421

VACU-LUG INDUSTRIAL TYRES LIMITED

01986003

VACULUG LIMITED Shareholders

grantham capital limited

100%

Vaculug Limited currently has 1 director, Mr Harjeev Kandhari serving since Jul 2018.

officer	country	age	start	end	role
Mr Harjeev Kandhari	United Kingdom	49 years	Jul 2018	-	Director

EXPORT

Vaculug Limited's latest turnover from December 2022 is £28.2 million and the company has net assets of £11.6 million. According to their latest financial statements, Vaculug Limited has 158 employees and maintains cash reserves of £957.5 thousand 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	28,168,653	21,909,537	21,358,064	20,355,081	18,760,818	16,737,939	17,690,801	21,492,790	24,308,908	24,456,488	23,258,954	23,216,852	21,095,855	19,145,727
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	19,085,450	14,518,574	15,262,611	13,650,715	12,153,779	10,110,532	10,350,566	13,233,085	16,938,007	17,665,642	17,248,416	19,563,969	17,673,377	0
Gross Profit	9,083,203	7,390,963	6,095,453	6,704,366	6,607,039	6,627,407	7,340,235	8,259,705	7,370,901	6,790,846	6,010,538	3,652,883	3,422,478	0
Admin Expenses	8,469,300	7,010,906	6,010,622	6,404,926	6,354,577	5,796,553	6,127,161	6,765,590	6,309,730	6,107,659	5,655,286	3,269,691	3,243,965	449,281
Operating Profit	613,903	380,057	84,831	299,440	252,462	830,854	1,213,074	1,494,115	1,061,171	683,187	355,252	383,192	178,513	-449,281
Interest Payable	156,565	50,562	57,626	67,858	51,577	261,548	38,627	38,299	34,056	92,760	80,070	85,712	112,962	123,245
Interest Receivable	25,000	17,288	24,096	0	0	236,054	108,440	73,625	48,002	0	0	0	0	0
Pre-Tax Profit	482,338	346,783	51,301	251,582	955,885	2,031,381	1,177,887	1,450,109	1,002,117	590,427	234,182	239,480	-55,449	-89,901
Tax	278,605	78,294	180,225	0	0	-11,059	-4,650	-4,431	-4,606	-5,030	0	0	0	0
Profit After Tax	760,943	425,077	231,526	251,582	955,885	2,020,322	1,173,237	1,445,678	997,511	585,397	234,182	239,480	-55,449	-89,901
Dividends Paid	0	0	0	0	0	125,884	169,251	0	0	0	0	0	0	0
Retained Profit	760,943	425,077	231,526	251,582	955,885	1,894,438	1,003,986	1,445,678	997,511	585,397	234,182	239,480	-55,449	-89,901
Employee Costs	5,012,793	4,938,462	4,342,679	4,054,007	4,284,275	4,059,016	4,448,658	5,001,908	4,892,191	4,661,418	4,550,346	4,614,921	4,356,960	4,336,248
Number Of Employees	158	139	129	129	136	136	145	158	170	170	173	172	166	168
EBITDA*	1,805,458	1,312,005	661,097	847,277	779,470	1,318,992	1,668,505	2,143,439	1,527,733	1,157,644	841,511	840,324	590,457	46,822

* 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	7,717,430	5,078,472	2,676,747	1,801,427	2,071,893	1,978,618	1,869,902	1,737,693	1,592,158	1,588,112	1,560,533	1,594,198	1,558,436	1,413,179
Intangible Assets	0	0	0	0	0	0	0	0	205,629	293,755	432,903	470,008	558,135	646,261
Investments & Other	527,000	1,006,000	862,000	1,106,004	1,114,004	300,004	300,004	300,006	362,825	62,825	62,825	62,825	62,825	72,825
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,244,430	6,084,472	3,538,747	2,907,431	3,185,897	2,278,622	2,169,906	2,037,699	2,160,612	1,944,692	2,056,261	2,127,031	2,179,396	2,132,265
Stock & work in progress	5,395,762	3,311,165	1,985,710	3,668,792	4,006,538	3,194,547	3,378,498	3,606,334	3,355,687	3,522,603	3,525,408	3,240,448	2,539,086	2,900,642
Trade Debtors	10,737,423	8,627,863	7,128,716	7,691,530	5,921,607	4,355,123	3,802,191	4,291,226	4,921,141	5,485,658	4,777,290	5,019,541	4,993,384	4,286,489
Group Debtors	2,886,569	2,886,569	2,886,569	2,931,569	2,561,069	1	1	0	0	0	0	0	0	0
Misc Debtors	3,759,690	3,114,945	4,551,194	2,866,119	2,447,448	1,643,376	1,566,806	2,021,527	2,285,737	1,655,908	1,377,306	1,984,615	1,631,859	1,254,766
Cash	957,548	5,677,474	4,176,622	1,513,041	100,054	2,264,840	3,385,763	2,288,837	207,867	346,572	196,038	60,960	82,836	72,945
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	23,736,992	23,618,016	20,728,811	18,671,051	15,036,716	11,457,887	12,133,259	12,207,924	10,770,432	11,010,741	9,876,042	10,305,564	9,247,165	8,514,842
total assets	31,981,422	29,702,488	24,267,558	21,578,482	18,222,613	13,736,509	14,303,165	14,245,623	12,931,044	12,955,433	11,932,303	12,432,595	11,426,561	10,647,107
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	41,144	237,522
Bank loan	125,000	125,000	52,083	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	7,871,222	2,348,303	3,194,598	2,991,669	2,978,909	2,278,922	2,420,262	2,537,601	3,399,974	4,135,095	3,698,232	4,620,711	2,304,061	1,499,176
Group/Directors Accounts	40	40	40	45	45	46	46	47	63,534	63,534	63,534	63,535	63,534	73,534
other short term finances	0	0	1,642,413	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	45,785	18,765	30,616	74,544	158,754	107,088	139,537	158,185	60,111	33,652	33,652	26,579	16,507	29,414
other current liabilities	8,894,358	11,930,585	8,939,761	8,819,625	5,643,888	2,198,544	3,073,005	3,553,034	3,023,561	3,145,851	2,841,417	2,584,800	4,099,109	3,908,606
total current liabilities	16,936,405	14,422,693	13,859,511	11,885,883	8,781,596	4,584,600	5,632,850	6,248,867	6,547,180	7,378,132	6,636,835	7,295,625	6,524,355	5,748,252
loans	3,281,605	3,906,138	447,917	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	132,812	0	0	0	0	81,333	188,421	325,305	74,177	52,104	85,756	44,210	22,177	27,139
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	204,244	0	0	0	0	0	6,730	25,915	30,153
provisions	36,005	36,005	36,005	0	0	0	0	0	0	0	0	0	0	2,997,000
total long term liabilities	3,450,422	3,942,143	483,922	0	0	717,577	2,130,421	2,087,305	2,474,177	1,999,104	2,852,756	2,416,940	2,331,092	3,054,292
total liabilities	20,386,827	18,364,836	14,343,433	11,885,883	8,781,596	5,302,177	7,763,271	8,336,172	9,021,357	9,377,236	9,489,591	9,712,565	8,855,447	8,802,544
net assets	11,594,595	11,337,652	9,924,125	9,692,599	9,441,017	8,434,332	6,539,894	5,909,451	3,909,687	3,578,197	2,442,712	2,720,030	2,571,114	1,844,563
total shareholders funds	11,594,595	11,337,652	9,924,125	9,692,599	9,441,017	8,434,332	6,539,894	5,909,451	3,909,687	3,578,197	2,442,712	2,720,030	2,571,114	1,844,563

	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	613,903	380,057	84,831	299,440	252,462	830,854	1,213,074	1,494,115	1,061,171	683,187	355,252	383,192	178,513	-449,281
Depreciation	1,191,555	931,948	576,266	547,837	527,008	488,138	455,431	443,695	378,436	335,309	389,905	369,005	323,818	407,976
Amortisation	0	0	0	0	0	0	0	205,629	88,126	139,148	96,354	88,127	88,126	88,127
Tax	278,605	78,294	180,225	0	0	-11,059	-4,650	-4,431	-4,606	-5,030	0	0	0	0
Stock	2,084,597	1,325,455	-1,683,082	-337,746	811,991	-183,951	-227,836	250,647	-166,916	-2,805	284,960	701,362	-361,556	2,900,642
Debtors	2,754,305	62,898	1,077,261	2,559,094	4,931,624	629,502	-943,755	-894,125	65,312	986,970	-849,560	378,913	1,083,988	5,541,255
Creditors	5,522,919	-846,295	202,929	12,760	699,987	-141,340	-117,339	-862,373	-735,121	436,863	-922,479	2,316,650	804,885	1,499,176
Accruals and Deferred Income	-3,036,227	2,990,824	120,136	3,175,737	3,445,344	-874,461	-480,029	529,473	-122,290	304,434	256,617	-1,514,309	190,503	3,908,606
Deferred Taxes & Provisions	0	0	36,005	0	0	0	0	0	0	0	0	0	-2,997,000	2,997,000
Cash flow from operations	-268,147	2,146,475	1,806,213	1,814,426	-818,814	-153,419	2,238,078	2,449,586	767,320	909,746	740,249	562,390	-2,133,587	9,707
Investing Activities
capital expenditure	0	0	0	0	-620,283	-596,604	-574,386	-525,743	-573,856	-362,888	-303,854	-348,960	-439,612	3,410,482
Change in Investments	-479,000	144,000	-244,004	-8,000	814,000	0	-2	-62,819	300,000	0	0	0	-10,000	72,825
cash flow from investments	479,000	-144,000	244,004	8,000	-1,434,283	-596,604	-574,384	-462,924	-873,856	-362,888	-303,854	-348,960	-429,612	3,337,657
Financing Activities
Bank loans	0	72,917	52,083	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-5	0	-1	0	-1	-63,487	0	0	-1	1	-10,000	73,534
Other Short Term Loans	0	-1,642,413	1,642,413	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-624,533	3,458,221	447,917	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	159,832	-11,851	-43,928	-84,210	-29,667	-139,537	-155,532	349,202	48,532	-33,652	48,619	32,105	-17,869	56,553
other long term liabilities	0	0	0	0	-204,244	204,244	0	0	0	0	-6,730	-19,185	-4,238	30,153
share issue	-504,000	988,450	0	0	50,800	0	-373,543	554,086	-666,021	550,088	-511,500	-90,564	782,000	1,934,464
interest	-131,565	-33,274	-33,530	-67,858	-51,577	-25,494	69,813	35,326	13,946	-92,760	-80,070	-85,712	-112,962	-123,245
cash flow from financing	-1,100,266	2,832,050	2,064,950	-152,068	-234,689	39,213	-459,263	875,127	-603,543	423,676	-549,682	-163,355	636,931	1,971,459
cash and cash equivalents
cash	-4,719,926	1,500,852	2,663,581	1,412,987	-2,164,786	-1,120,923	1,096,926	2,080,970	-138,705	150,534	135,078	-21,876	9,891	72,945
overdraft	0	0	0	0	0	0	0	0	0	0	0	-41,144	-196,378	237,522
change in cash	-4,719,926	1,500,852	2,663,581	1,412,987	-2,164,786	-1,120,923	1,096,926	2,080,970	-138,705	150,534	135,078	19,268	206,269	-164,577

P&L

December 2022

turnover

28.2m

+29%

operating profit

613.9k

+62%

gross margin

32.3%

-4.41%

turnover

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

Balance Sheet

December 2022

net assets

11.6m

+0.02%

total assets

32m

+0.08%

cash

957.5k

-0.83%

net assets

Total assets minus all liabilities

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company number

00488961

Type

Private limited with Share Capital

industry

22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

incorporation date

December 1950

age

accounts

Full Accounts

ultimate parent company

QUEENS ROAD CAPITAL LTD

previous names

vaculug technologies limited (April 2020)

vacu-lug traction tyres limited (May 2019)

incorporated

address

gonerby road, gonerby hill foot, grantham, lincolnshire, NG31 8HE

last accounts submitted

December 2022

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 10 charges/mortgages relating to vaculug limited. Currently there are 3 open charges and 7 have been satisfied in the past.

vaculug limited Company Information

vaculug limited Estimated Valuation

vaculug limited Estimated Valuation

vaculug limited Estimated Valuation

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