Tanvic Group Limited

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tanvic group limited Company Information

Company Number

00985614

Next Accounts

Sep 2025

Directors

Stephen McCracken

Andrew Zelos

Shareholders

tanvic group holdings limited

Group Structure

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Industry

Wholesale trade of motor vehicle parts and accessories

Registered Address

granary lodge, 96 appletongate,, newark, notts, NG24 1LS

Website

http://tanvic.co.uk

tanvic group limited Estimated Valuation

£44.6m

Pomanda estimates the enterprise value of TANVIC GROUP LIMITED at £44.6m based on an EBITDA of £6.3m and a 7.13x industry multiple (adjusted for size and gross margin).

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Tanvic Group Limited is a live company located in notts, NG24 1LS with a Companies House number of 00985614. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in July 1970, it's largest shareholder is tanvic group holdings limited with a 100% stake. Tanvic Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £69.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Tanvic Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

5 Regular

0 Weak

Size

annual sales of £69.3m, make it larger than the average company (£8.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.9%)

EXPORT

Tanvic Group Limited's latest turnover from December 2023 is £69.3 million and the company has net assets of £13.7 million. According to their latest financial statements, Tanvic Group Limited has 262 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	69,265,178	65,869,909	58,677,783	50,368,467	58,174,724	58,700,435	54,481,666	52,903,364	50,428,931	53,614,995	50,804,508	46,480,725	46,381,566	41,934,632	38,933,574
Other Income Or Grants
Cost Of Sales	50,942,276	49,651,663	43,241,333	36,101,886	43,024,248	43,504,868	39,883,413	38,238,536	36,852,042	39,827,880	38,544,698	35,116,346	35,427,263	31,622,085	29,552,495
Gross Profit	18,322,902	16,218,246	15,436,450	14,266,581	15,150,476	15,195,567	14,598,253	14,664,828	13,576,889	13,787,115	12,259,810	11,364,379	10,954,303	10,312,547	9,381,079
Admin Expenses	12,669,565	12,094,363	11,174,355	10,302,866	11,714,768	11,378,876	7,910,106	10,198,938	9,341,623	9,786,090	9,244,886	8,551,906	8,207,577	7,870,866	7,759,453
Operating Profit	5,653,337	4,123,883	4,262,095	3,963,715	3,435,708	3,816,691	6,688,147	4,465,890	4,235,266	4,001,025	3,014,924	2,812,473	2,746,726	2,441,681	1,621,626
Interest Payable	45,780	50,792	47,906	53,539	43,909	30,000	8,504	9,195	12,940	50,278	51,806	101,955	161,246	139,717	202,751
Interest Receivable	121,687	69,738	55,725	3,530	62,730	66,754	14,878	45,635	16,769	71,019	11,000	39,257	21,926	27,798	57,351
Pre-Tax Profit	5,729,244	4,142,829	4,269,914	3,964,706	3,454,529	3,853,445	6,744,521	4,502,330	4,311,745	4,072,099	2,974,118	2,749,775	2,607,406	2,329,762	1,659,422
Tax	-1,354,042	-835,181	-796,883	-743,498	-584,623	-674,575	-833,896	-924,706	-928,412	-916,230	-866,894	-713,266	-656,045	-687,254	-435,086
Profit After Tax	4,375,202	3,307,648	3,473,031	3,221,208	2,869,906	3,178,870	5,910,625	3,577,624	3,383,333	3,155,869	2,107,224	2,036,509	1,951,361	1,642,508	1,224,336
Dividends Paid	6,000,000			5,000,000	7,000,000	1,000,000	20,000,000
Retained Profit	-1,624,798	3,307,648	3,473,031	-1,778,792	-4,130,094	2,178,870	-14,089,375	3,577,624	3,383,333	3,155,869	2,107,224	2,036,509	1,951,361	1,642,508	1,224,336
Employee Costs	8,403,122	7,836,335	7,407,072	7,372,618	7,509,641	7,328,618	6,963,917	7,093,719	6,576,626	6,337,982	5,487,848	5,492,184	5,459,540	5,521,640	5,068,615
Number Of Employees	262	262	261	295	305	305	308	309	303	267	248	249	249	233	239
EBITDA*	6,257,588	4,640,838	4,780,650	4,547,413	4,060,638	4,432,384	7,390,520	4,729,667	4,822,999	4,535,594	3,406,259	3,169,468	3,139,031	2,779,129	1,968,794

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	2,320,045	1,973,926	1,736,751	1,771,543	1,800,976	1,828,910	1,798,285	13,592,978	13,442,122	13,349,732	12,696,060	12,680,823	12,077,320	11,163,495	10,724,993
Intangible Assets						19,197	95,984	213,948	340,302	458,266	164,709
Investments & Other	760,463	572,229	463,229	352,048	179,775	43,887	126,237	493,289	493,289	420,639	337,256	258,739	258,739	262,453	2,200
Debtors (Due After 1 year)
Total Fixed Assets	3,080,508	2,546,155	2,199,980	2,123,591	1,980,751	1,891,994	2,020,506	14,300,215	14,275,713	14,228,637	13,198,025	12,939,562	12,336,059	11,425,948	10,727,193
Stock & work in progress	10,368,463	10,773,511	11,720,283	7,749,789	8,073,102	9,659,520	8,828,328	7,948,242	7,259,074	6,612,484	6,276,851	6,707,459	8,606,819	7,376,296	5,124,194
Trade Debtors	6,875,470	7,630,307	6,906,530	6,129,209	7,180,978	7,417,633	7,102,142	6,736,572	7,178,474	7,592,899	8,309,931	7,096,219	7,552,767	6,305,121	5,350,115
Group Debtors			1,626	7,238	3,576			1,510,000
Misc Debtors	448,227	572,696	790,735	855,296	697,937	911,326	911,501	1,730,301	3,848,772	1,593,551	1,082,263	711,998	922,365	356,189	1,230,345
Cash	2,252,141	2,302,514	106,137	996,591	411,378	2,166,166	2,802,340	7,426,196	2,466,845	1,221,028	1,150,885	2,195	111,094	99,717	90,765
misc current assets
total current assets	19,944,301	21,279,028	19,525,311	15,738,123	16,366,971	20,154,645	19,644,311	25,351,311	20,753,165	17,019,962	16,819,930	14,517,871	17,193,045	14,137,323	11,795,419
total assets	23,024,809	23,825,183	21,725,291	17,861,714	18,347,722	22,046,639	21,664,817	39,651,526	35,028,878	31,248,599	30,017,955	27,457,433	29,529,104	25,563,271	22,522,612
Bank overdraft			1,208,802							209,060		644,381	4,376,412	2,290,040	1,396,130
Bank loan
Trade Creditors	6,207,779	6,183,709	5,577,006	6,136,161	5,935,020	5,861,520	7,623,166	7,561,088	6,662,056	5,371,063	6,831,016	6,359,099	7,137,624	6,738,959	5,804,123
Group/Directors Accounts			813,869	881,124	125,307			485,000	4,923		75,009	44,967	14,051	86,130	156,716
other short term finances
hp & lease commitments									12,219	44,097
other current liabilities	2,690,758	2,164,951	2,175,687	2,494,828	2,347,394	2,273,420	2,129,280	2,774,510	3,069,538	2,806,113	3,265,058	2,150,927	1,977,583	2,159,803	1,557,233
total current liabilities	8,898,537	8,348,660	9,775,364	9,512,113	8,407,721	8,134,940	9,752,446	10,820,598	9,748,736	8,430,333	10,171,083	9,199,374	13,505,670	11,274,932	8,914,202
loans										1,007,820	1,259,907	1,773,644	683,472	408,140	2,760,000
hp & lease commitments										12,219
Accruals and Deferred Income
other liabilities													860,000	1,360,000
provisions	432,925	320,689	198,741	173,627	152,508	113,000	179,770	160,987	179,436	80,854	33,931		23,760	16,897	10,964
total long term liabilities	432,925	320,689	198,741	173,627	152,508	113,000	179,770	186,477	285,361	1,246,088	1,438,263	1,911,909	1,572,883	1,938,109	2,977,944
total liabilities	9,331,462	8,669,349	9,974,105	9,685,740	8,560,229	8,247,940	9,932,216	11,007,075	10,034,097	9,676,421	11,609,346	11,111,283	15,078,553	13,213,041	11,892,146
net assets	13,693,347	15,155,834	11,751,186	8,175,974	9,787,493	13,798,699	11,732,601	28,644,451	24,994,781	21,572,178	18,408,609	16,346,150	14,450,551	12,350,230	10,630,466
total shareholders funds	13,693,347	15,155,834	11,751,186	8,175,974	9,787,493	13,798,699	11,732,601	28,644,451	24,994,781	21,572,178	18,408,609	16,346,150	14,450,551	12,350,230	10,630,466

	Dec 2023	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	5,653,337	4,123,883	4,262,095	3,963,715	3,435,708	3,816,691	6,688,147	4,465,890	4,235,266	4,001,025	3,014,924	2,812,473	2,746,726	2,441,681	1,621,626
Depreciation	604,251	516,955	518,555	583,698	605,733	538,906	584,409	145,813	469,769	435,802	350,158	356,995	392,305	337,448	347,168
Amortisation					19,197	76,787	117,964	117,964	117,964	98,767	41,177
Tax	-1,354,042	-835,181	-796,883	-743,498	-584,623	-674,575	-833,896	-924,706	-928,412	-916,230	-866,894	-713,266	-656,045	-687,254	-435,086
Stock	-405,048	-946,772	3,970,494	-323,313	-1,586,418	831,192	880,086	689,168	646,590	335,633	-430,608	-1,899,360	1,230,523	2,252,102	5,124,194
Debtors	-879,306	504,112	707,148	-890,748	-446,468	315,316	-1,963,230	-1,050,373	1,840,796	-205,744	1,583,977	-666,915	1,813,822	80,850	6,580,460
Creditors	24,070	606,703	-559,155	201,141	73,500	-1,761,646	62,078	899,032	1,290,993	-1,459,953	471,917	-778,525	398,665	934,836	5,804,123
Accruals and Deferred Income	525,807	-10,736	-319,141	147,434	73,974	144,140	-645,230	-295,028	263,425	-458,945	1,114,131	173,344	-182,220	602,570	1,557,233
Deferred Taxes & Provisions	112,236	121,948	25,114	21,119	39,508	-66,770	18,783	-18,449	98,582	46,923	33,931	-23,760	6,863	5,933	10,964
Cash flow from operations	6,850,013	4,966,232	-1,547,057	5,387,670	5,695,883	927,025	7,075,399	4,751,721	3,060,201	1,617,500	3,005,975	4,393,536	-338,051	1,302,262	-2,798,626
Investing Activities
capital expenditure	-950,370	-754,130	-483,763	-554,265	-577,799	-569,531	11,210,284	-674,018			-662,671	-977,794	-1,783,601	-959,052	-1,828,818
Change in Investments	188,234	109,000	111,181	172,273	135,888	-82,350	-367,052		72,650	83,383	78,517		-3,714	260,253	2,200
cash flow from investments	-1,138,604	-863,130	-594,944	-726,538	-713,687	-487,181	11,577,336	-674,018	-72,650	-83,383	-741,188	-977,794	-1,779,887	-1,219,305	-1,831,018
Financing Activities
Bank loans
Group/Directors Accounts		-813,869	-67,255	755,817	125,307		-485,000	480,077	4,923	-75,009	30,042	30,916	-72,079	-70,586	156,716
Other Short Term Loans
Long term loans									-1,007,820	-252,087	-513,737	1,090,172	275,332	-2,351,860	2,760,000
Hire Purchase and Lease Commitments								-12,219	-44,097	56,316
other long term liabilities												-860,000	-500,000	1,360,000
share issue	162,311	97,000	102,181	167,273	118,888	-112,772	-2,822,475	72,046	39,270	7,700	-44,765	-140,910	148,960	77,256	9,406,130
interest	75,907	18,946	7,819	-50,009	18,821	36,754	6,374	36,440	3,829	20,741	-40,806	-62,698	-139,320	-111,919	-145,400
cash flow from financing	238,218	-697,923	42,745	873,081	263,016	-76,018	-3,301,101	576,344	-1,003,895	-242,339	-569,266	57,480	-287,107	-1,097,109	12,177,446
cash and cash equivalents
cash	-50,373	2,196,377	-890,454	585,213	-1,754,788	-636,174	-4,623,856	4,959,351	1,245,817	70,143	1,148,690	-108,899	11,377	8,952	90,765
overdraft		-1,208,802	1,208,802						-209,060	209,060	-644,381	-3,732,031	2,086,372	893,910	1,396,130
change in cash	-50,373	3,405,179	-2,099,256	585,213	-1,754,788	-636,174	-4,623,856	4,959,351	1,454,877	-138,917	1,793,071	3,623,132	-2,074,995	-884,958	-1,305,365

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for tanvic group limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in NG24 area or any other competitors across 12 key performance metrics.

TANVIC GROUP LIMITED group structure

Tanvic Group Limited has 2 subsidiary companies.

Ultimate parent company

TANVIC INVESTMENTS LIMITED

10734774

TANVIC PROPERTIES LIMITED

10328922

2 parents

TANVIC GROUP LIMITED

00985614

2 subsidiaries

STEER TYRES LIMITED

02326348

LINK TYRE SALES LIMITED

01571177

TANVIC GROUP LIMITED Shareholders

tanvic group holdings limited

100%

Tanvic Group Limited currently has 2 directors. The longest serving directors include Mr Stephen McCracken (Oct 2002) and Mr Andrew Zelos (Jan 2012).

officer	country	age	start	end	role
Mr Stephen McCracken	United Kingdom	52 years	Oct 2002	-	Director
Mr Andrew Zelos		52 years	Jan 2012	-	Director

P&L

December 2023

turnover

69.3m

+5%

operating profit

5.7m

+37%

gross margin

26.5%

+7.44%

turnover

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

Balance Sheet

December 2023

net assets

13.7m

-0.1%

total assets

23m

-0.03%

cash

2.3m

-0.02%

net assets

Total assets minus all liabilities

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company number

00985614

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

45310 - Wholesale trade of motor vehicle parts and accessories

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

July 1970

ultimate parent company

TANVIC INVESTMENTS LIMITED

previous names

tanvic tyre distributors limited (December 2005)

address

granary lodge, 96 appletongate,, newark, notts, NG24 1LS

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 20 charges/mortgages relating to tanvic group limited. Currently there are 2 open charges and 18 have been satisfied in the past.

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tanvic group limited Company Information

tanvic group limited Estimated Valuation

tanvic group limited Estimated Valuation

tanvic group limited Estimated Valuation

Tanvic Group Limited Overview

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TANVIC GROUP LIMITED financials

tanvic group limited Credit Report and Business Information

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