dexel tyre company limited
dexel tyre company limited Company Information
Company Number
00683166
Website
www.dexel.co.ukRegistered Address
128-144 staniforth road, sheffield, S9 3JQ
Industry
Maintenance and repair of motor vehicles
Telephone
01142446187
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
benjamin alexander france 39.4%
james benjamin france 39.4%
View Alldexel tyre company limited Estimated Valuation
Pomanda estimates the enterprise value of DEXEL TYRE COMPANY LIMITED at £6m based on a Turnover of £17.4m and 0.34x industry multiple (adjusted for size and gross margin).
dexel tyre company limited Estimated Valuation
Pomanda estimates the enterprise value of DEXEL TYRE COMPANY LIMITED at £3.5m based on an EBITDA of £727.1k and a 4.76x industry multiple (adjusted for size and gross margin).
dexel tyre company limited Estimated Valuation
Pomanda estimates the enterprise value of DEXEL TYRE COMPANY LIMITED at £10.1m based on Net Assets of £3.6m and 2.79x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Dexel Tyre Company Limited Overview
Dexel Tyre Company Limited is a live company located in sheffield, S9 3JQ with a Companies House number of 00683166. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in February 1961, it's largest shareholder is benjamin alexander france with a 39.4% stake. Dexel Tyre Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.4m with healthy growth in recent years.
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Dexel Tyre Company Limited Health Check
Pomanda's financial health check has awarded Dexel Tyre Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £17.4m, make it larger than the average company (£446k)
£17.4m - Dexel Tyre Company Limited
£446k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.8%)
5% - Dexel Tyre Company Limited
5.8% - Industry AVG
Production
with a gross margin of 36.8%, this company has a comparable cost of product (34.8%)
36.8% - Dexel Tyre Company Limited
34.8% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (5.6%)
2.7% - Dexel Tyre Company Limited
5.6% - Industry AVG
Employees
with 128 employees, this is above the industry average (6)
128 - Dexel Tyre Company Limited
6 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has a higher pay structure (£24.3k)
£33.8k - Dexel Tyre Company Limited
£24.3k - Industry AVG
Efficiency
resulting in sales per employee of £135.8k, this is more efficient (£92.8k)
£135.8k - Dexel Tyre Company Limited
£92.8k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (42 days)
41 days - Dexel Tyre Company Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (42 days)
102 days - Dexel Tyre Company Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (23 days)
51 days - Dexel Tyre Company Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (16 weeks)
3 weeks - Dexel Tyre Company Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.4%, this is a lower level of debt than the average (66.3%)
58.4% - Dexel Tyre Company Limited
66.3% - Industry AVG
DEXEL TYRE COMPANY LIMITED financials
Dexel Tyre Company Limited's latest turnover from March 2023 is £17.4 million and the company has net assets of £3.6 million. According to their latest financial statements, Dexel Tyre Company Limited has 128 employees and maintains cash reserves of £286.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 17,380,940 | 15,627,349 | 13,326,367 | 14,944,135 | 14,532,075 | 14,665,506 | 13,729,783 | 13,524,694 | 13,812,669 | 14,286,780 | 13,548,981 | 13,144,105 | 12,180,651 | 11,430,369 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 10,977,991 | 9,872,741 | 8,279,421 | 9,378,887 | 9,398,532 | 9,773,233 | 8,653,078 | 8,427,378 | 8,776,779 | |||||
| Gross Profit | 6,402,949 | 5,754,608 | 5,046,946 | 5,565,248 | 5,133,543 | 4,892,273 | 5,076,705 | 5,097,316 | 5,035,890 | |||||
| Admin Expenses | 5,931,395 | 5,416,932 | 4,082,637 | 5,187,605 | 4,960,124 | 4,888,934 | 4,830,497 | 4,847,426 | 4,790,065 | |||||
| Operating Profit | 471,554 | 337,676 | 964,309 | 377,643 | 173,419 | 3,339 | 246,208 | 249,890 | 245,825 | 158,896 | -13,352 | 87,342 | 253,035 | 70,583 |
| Interest Payable | 66,246 | 65,191 | 72,737 | 111,254 | 106,705 | 97,062 | 96,178 | 66,464 | 30,646 | 34,067 | 53,044 | 47,804 | 37,007 | 42,653 |
| Interest Receivable | 1,024 | 0 | 53 | 0 | 67 | 2 | 7 | 0 | 4 | 33 | 533 | 969 | 936 | 397 |
| Pre-Tax Profit | 406,332 | 272,485 | 891,625 | 266,389 | 192,841 | -333,721 | 150,037 | 183,426 | 215,183 | 124,862 | -65,863 | 40,507 | 216,964 | 149,215 |
| Tax | -71,435 | -65,078 | -158,813 | -55,669 | -17,915 | 20,220 | -27,009 | -36,679 | -24,368 | 0 | 22,289 | 17,654 | -38,073 | -29,406 |
| Profit After Tax | 334,897 | 207,407 | 732,812 | 210,720 | 174,926 | -313,501 | 123,028 | 146,747 | 190,815 | 124,862 | -43,574 | 58,161 | 178,891 | 119,809 |
| Dividends Paid | 334,897 | 158,792 | 122,048 | 138,689 | 112,657 | 113,434 | 118,230 | 128,568 | 131,821 | 44,153 | 44,153 | 0 | 11,501 | 0 |
| Retained Profit | 0 | 48,615 | 610,764 | 72,031 | 62,269 | -426,935 | 4,798 | 18,179 | 58,994 | 80,709 | -87,727 | 58,161 | 167,390 | 119,809 |
| Employee Costs | 4,327,977 | 3,993,011 | 3,722,911 | 3,786,542 | 3,544,079 | 3,499,066 | 3,476,065 | 3,378,181 | 3,225,329 | 3,257,345 | 3,041,734 | 2,922,669 | 2,826,335 | 2,851,569 |
| Number Of Employees | 128 | 129 | 136 | 144 | 130 | 140 | 148 | 146 | 140 | 136 | 133 | 130 | 125 | 132 |
| EBITDA* | 727,110 | 641,106 | 1,226,498 | 643,035 | 446,117 | 247,823 | 527,057 | 531,902 | 518,739 | 403,226 | 163,837 | 245,462 | 431,430 | 305,206 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 4,673,593 | 4,625,900 | 4,651,822 | 4,855,691 | 4,886,715 | 5,098,344 | 5,383,602 | 5,411,632 | 4,357,351 | 3,264,639 | 3,102,569 | 3,057,755 | 2,798,338 | 2,785,761 |
| Intangible Assets | 29,600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,145 |
| Investments & Other | 3,203 | 3,203 | 3,203 | 3,203 | 3,203 | 34,435 | 34,435 | 34,435 | 34,435 | 34,435 | 34,435 | 34,435 | 34,435 | 35,588 |
| Debtors (Due After 1 year) | 0 | 0 | 3,912 | 5,728 | 11,105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,706,396 | 4,629,103 | 4,658,937 | 4,864,622 | 4,901,023 | 5,132,779 | 5,418,037 | 5,446,067 | 4,391,786 | 3,299,074 | 3,137,004 | 3,092,190 | 2,832,773 | 2,846,494 |
| Stock & work in progress | 1,542,142 | 1,494,314 | 1,191,832 | 1,329,480 | 1,191,819 | 1,334,470 | 1,377,762 | 1,323,478 | 1,398,237 | 1,426,085 | 1,294,341 | 1,472,484 | 1,067,376 | 889,344 |
| Trade Debtors | 1,971,520 | 1,972,332 | 1,655,915 | 2,122,578 | 1,912,034 | 1,732,071 | 1,763,574 | 1,625,877 | 1,654,481 | 1,762,640 | 1,664,886 | 1,618,625 | 1,652,787 | 1,434,389 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 197,700 | 86,352 | 47,872 | 82,990 | 71,830 | 118,495 | 171,662 | 186,438 | 186,932 | 156,923 | 90,892 | 53,331 | 110,860 | 82,812 |
| Cash | 286,488 | 331,209 | 868,567 | 1,210 | 1,210 | 1,210 | 1,210 | 1,210 | 1,076 | 1,076 | 1,076 | 1,037 | 387,246 | 276,209 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,997,850 | 3,884,207 | 3,764,186 | 3,536,258 | 3,176,893 | 3,186,246 | 3,314,208 | 3,137,003 | 3,240,726 | 3,346,724 | 3,051,195 | 3,145,477 | 3,218,269 | 2,682,754 |
| total assets | 8,704,246 | 8,513,310 | 8,423,123 | 8,400,880 | 8,077,916 | 8,319,025 | 8,732,245 | 8,583,070 | 7,632,512 | 6,645,798 | 6,188,199 | 6,237,667 | 6,051,042 | 5,529,248 |
| Bank overdraft | 64,562 | 41,454 | 414,112 | 1,417,916 | 1,190,474 | 1,207,528 | 810,085 | 877,700 | 910,097 | 717,422 | 518,653 | 453,183 | 396,328 | 334,495 |
| Bank loan | 0 | 0 | 491,454 | 69,182 | 61,291 | 100,878 | 94,598 | 164,824 | 70,000 | 70,000 | 70,000 | 70,000 | 50,000 | 79,454 |
| Trade Creditors | 3,097,110 | 3,274,476 | 2,010,793 | 2,250,864 | 2,212,099 | 2,266,112 | 2,492,125 | 2,181,108 | 2,213,693 | 2,630,325 | 2,448,858 | 2,485,506 | 2,374,546 | 2,008,148 |
| Group/Directors Accounts | 16,790 | 10,648 | 255 | 13,431 | 3,687 | 3,243 | 2,540 | 1,839 | 11,409 | 1,352 | 161,742 | 161,840 | 163,738 | 162,189 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 139,970 | 167,069 | 164,796 | 165,709 | 172,716 | 134,446 | 132,136 | 74,530 | 62,141 | 156,630 | 124,959 | 85,622 | 0 | 1,155 |
| other current liabilities | 584,236 | 483,934 | 820,617 | 453,544 | 354,559 | 320,182 | 305,644 | 344,844 | 410,872 | 282,236 | 247,827 | 177,899 | 458,498 | 450,517 |
| total current liabilities | 3,902,668 | 3,977,581 | 3,902,027 | 4,370,646 | 3,994,826 | 4,032,389 | 3,837,128 | 3,644,845 | 3,678,212 | 3,857,965 | 3,572,039 | 3,434,050 | 3,443,110 | 3,035,958 |
| loans | 875,933 | 800,410 | 841,377 | 975,338 | 1,055,752 | 1,452,359 | 1,580,261 | 1,697,261 | 581,890 | 660,162 | 735,870 | 809,132 | 698,076 | 750,824 |
| hp & lease commitments | 209,440 | 199,600 | 224,764 | 217,795 | 270,287 | 157,410 | 203,059 | 131,610 | 279,159 | 166,672 | 0 | 26,468 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 10,910 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 83,775 | 72,530 | 40,380 | 33,290 | 25,271 | 7,356 | 15,351 | 17,706 | 221,834 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,180,058 | 1,072,540 | 1,106,521 | 1,226,423 | 1,351,310 | 1,617,125 | 1,798,671 | 1,846,577 | 1,082,883 | 826,834 | 735,870 | 835,600 | 698,076 | 750,824 |
| total liabilities | 5,082,726 | 5,050,121 | 5,008,548 | 5,597,069 | 5,346,136 | 5,649,514 | 5,635,799 | 5,491,422 | 4,761,095 | 4,684,799 | 4,307,909 | 4,269,650 | 4,141,186 | 3,786,782 |
| net assets | 3,621,520 | 3,463,189 | 3,414,575 | 2,803,811 | 2,731,780 | 2,669,511 | 3,096,446 | 3,091,648 | 2,871,417 | 1,960,999 | 1,880,290 | 1,968,017 | 1,909,856 | 1,742,466 |
| total shareholders funds | 3,621,520 | 3,463,189 | 3,414,575 | 2,803,811 | 2,731,780 | 2,669,511 | 3,096,446 | 3,091,648 | 2,871,417 | 1,960,999 | 1,880,290 | 1,968,017 | 1,909,856 | 1,742,466 |
| 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 | 471,554 | 337,676 | 964,309 | 377,643 | 173,419 | 3,339 | 246,208 | 249,890 | 245,825 | 158,896 | -13,352 | 87,342 | 253,035 | 70,583 |
| Depreciation | 255,556 | 303,430 | 262,189 | 265,392 | 272,698 | 244,484 | 280,849 | 282,012 | 272,914 | 244,330 | 177,189 | 158,120 | 153,250 | 191,483 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,145 | 43,140 |
| Tax | -71,435 | -65,078 | -158,813 | -55,669 | -17,915 | 20,220 | -27,009 | -36,679 | -24,368 | 0 | 22,289 | 17,654 | -38,073 | -29,406 |
| Stock | 47,828 | 302,482 | -137,648 | 137,661 | -142,651 | -43,292 | 54,284 | -74,759 | -27,848 | 131,744 | -178,143 | 405,108 | 178,032 | 889,344 |
| Debtors | 110,536 | 350,985 | -503,597 | 216,327 | 144,403 | -84,670 | 122,921 | -29,098 | -78,150 | 163,785 | 83,822 | -91,691 | 246,446 | 1,517,201 |
| Creditors | -177,366 | 1,263,683 | -240,071 | 38,765 | -54,013 | -226,013 | 311,017 | -32,585 | -416,632 | 181,467 | -36,648 | 110,960 | 366,398 | 2,008,148 |
| Accruals and Deferred Income | 100,302 | -336,683 | 367,073 | 98,985 | 34,377 | 14,538 | -39,200 | -66,028 | 128,636 | 34,409 | 69,928 | -280,599 | 7,981 | 450,517 |
| Deferred Taxes & Provisions | 11,245 | 32,150 | 7,090 | 8,019 | 17,915 | -7,995 | -2,355 | -204,128 | 221,834 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 431,492 | 881,711 | 1,843,022 | 379,147 | 424,729 | 176,535 | 592,305 | 296,339 | 534,207 | 323,573 | 313,727 | -219,940 | 343,258 | 327,920 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 323,572 | -75,278 | 21,412 | -1,222,283 | -55,966 | -389,124 | -205,384 | -220,879 | -140,363 | 95,245 |
| Change in Investments | 0 | 0 | 0 | 0 | -31,232 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,153 | 35,588 |
| cash flow from investments | 0 | 0 | 0 | 0 | 354,804 | -75,278 | 21,412 | -1,222,283 | -55,966 | -389,124 | -205,384 | -220,879 | -139,210 | 59,657 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -491,454 | 422,272 | 7,891 | -39,587 | 6,280 | -70,226 | 94,824 | 0 | 0 | 0 | 20,000 | -29,454 | 79,454 |
| Group/Directors Accounts | 6,142 | 10,393 | -13,176 | 9,744 | 444 | 703 | 701 | -9,570 | 10,057 | -160,390 | -98 | -1,898 | 1,549 | 162,189 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 75,523 | -40,967 | -133,961 | -80,414 | -396,607 | -127,902 | -117,000 | 1,115,371 | -78,272 | -75,708 | -73,262 | 111,056 | -52,748 | 750,824 |
| Hire Purchase and Lease Commitments | -17,259 | -22,891 | 6,056 | -59,499 | 151,147 | -43,339 | 129,055 | -135,160 | 17,998 | 198,343 | 12,869 | 112,090 | -1,155 | 1,155 |
| other long term liabilities | 10,910 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -65,222 | -65,191 | -72,684 | -111,254 | -106,638 | -97,060 | -96,171 | -66,464 | -30,642 | -34,034 | -52,511 | -46,835 | -36,071 | -42,256 |
| cash flow from financing | 168,425 | -610,111 | 208,507 | -233,532 | -391,241 | -261,318 | -153,641 | 1,201,053 | 770,565 | -71,789 | -113,002 | 194,413 | -117,879 | 2,574,023 |
| cash and cash equivalents | ||||||||||||||
| cash | -44,721 | -537,358 | 867,357 | 0 | 0 | 0 | 0 | 134 | 0 | 0 | 39 | -386,209 | 111,037 | 276,209 |
| overdraft | 23,108 | -372,658 | -1,003,804 | 227,442 | -17,054 | 397,443 | -67,615 | -32,397 | 192,675 | 198,769 | 65,470 | 56,855 | 61,833 | 334,495 |
| change in cash | -67,829 | -164,700 | 1,871,161 | -227,442 | 17,054 | -397,443 | 67,615 | 32,531 | -192,675 | -198,769 | -65,431 | -443,064 | 49,204 | -58,286 |
dexel tyre company limited Credit Report and Business Information
Dexel Tyre Company Limited Competitor Analysis
Perform a competitor analysis for dexel tyre company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
dexel tyre company limited Ownership
DEXEL TYRE COMPANY LIMITED group structure
Dexel Tyre Company Limited has 4 subsidiary companies.
Ultimate parent company
DEXEL TYRE COMPANY LIMITED
00683166
4 subsidiaries
dexel tyre company limited directors
Dexel Tyre Company Limited currently has 6 directors. The longest serving directors include Mr Paul France (Oct 1991) and Mrs Julie Brunton (Jun 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul France | 71 years | Oct 1991 | - | Director | |
| Mrs Julie Brunton | United Kingdom | 66 years | Jun 1997 | - | Director |
| Ms Lesley France | 67 years | Sep 1997 | - | Director | |
| Mr Mark Mellon | 62 years | Jun 1998 | - | Director | |
| Mr James France | 41 years | Apr 2008 | - | Director | |
| Mr Benjamin France | United Kingdom | 39 years | Jan 2011 | - | Director |
P&L
March 2023turnover
17.4m
+11%
operating profit
471.6k
+40%
gross margin
36.9%
+0.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.6m
+0.05%
total assets
8.7m
+0.02%
cash
286.5k
-0.14%
net assets
Total assets minus all liabilities
Similar Companies
dexel tyre company limited company details
company number
00683166
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
February 1961
age
63
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
128-144 staniforth road, sheffield, S9 3JQ
last accounts submitted
March 2023
dexel tyre company 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 15 charges/mortgages relating to dexel tyre company limited. Currently there are 12 open charges and 3 have been satisfied in the past.
dexel tyre company limited Companies House Filings - See Documents
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