tower radio group limited

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tower radio group limited Company Information

Share TOWER RADIO GROUP LIMITED

Company Number

01322461

Shareholders

mr bernard peter litman

mrs stephanie litman-lanceron

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Group Structure

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Industry

Development of building projects

 

Registered Address

unit 2, kingsgate court, rayleigh road, leigh-on-sea, SS9 5PS

tower radio group limited Estimated Valuation

£126k

Pomanda estimates the enterprise value of TOWER RADIO GROUP LIMITED at £126k based on a Turnover of £265k and 0.48x industry multiple (adjusted for size and gross margin).

tower radio group limited Estimated Valuation

£32.7k

Pomanda estimates the enterprise value of TOWER RADIO GROUP LIMITED at £32.7k based on an EBITDA of £8.7k and a 3.76x industry multiple (adjusted for size and gross margin).

tower radio group limited Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of TOWER RADIO GROUP LIMITED at £8.3m based on Net Assets of £5.9m and 1.41x industry multiple (adjusted for liquidity).

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Tower Radio Group Limited Overview

Tower Radio Group Limited is a live company located in leigh-on-sea, SS9 5PS with a Companies House number of 01322461. It operates in the development of building projects sector, SIC Code 41100. Founded in July 1977, it's largest shareholder is mr bernard peter litman with a 71% stake. Tower Radio Group Limited is a mature, micro sized company, Pomanda has estimated its turnover at £265k with high growth in recent years.

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Tower Radio Group Limited Health Check

Pomanda's financial health check has awarded Tower Radio Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £265k, make it smaller than the average company (£2.3m)

£265k - Tower Radio Group Limited

£2.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.1%)

21% - Tower Radio Group Limited

6.1% - Industry AVG

production

Production

with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)

26.4% - Tower Radio Group Limited

26.4% - Industry AVG

profitability

Profitability

an operating margin of 3% make it less profitable than the average company (7.6%)

3% - Tower Radio Group Limited

7.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (6)

1 - Tower Radio Group Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)

£48.3k - Tower Radio Group Limited

£48.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £265k, this is equally as efficient (£277.7k)

£265k - Tower Radio Group Limited

£277.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Tower Radio Group Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 56 days, this is slower than average (31 days)

56 days - Tower Radio Group Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tower Radio Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)

0 weeks - Tower Radio Group Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.7%, this is a lower level of debt than the average (73.6%)

31.7% - Tower Radio Group Limited

73.6% - Industry AVG

TOWER RADIO GROUP LIMITED financials

EXPORTms excel logo

Tower Radio Group Limited's latest turnover from March 2024 is estimated at £265 thousand and the company has net assets of £5.9 million. According to their latest financial statements, Tower Radio Group Limited has 1 employee and maintains cash reserves of £994 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover264,966166,569140,751148,394156,225153,950160,463658,210397,42523,618,04528,308,9876,867,6877,436,5689,401,0109,517,909
Other Income Or Grants
Cost Of Sales194,996123,372105,047113,041115,113109,825112,813453,133279,28416,926,74320,232,8495,088,9705,925,3187,576,9637,611,463
Gross Profit69,97043,19735,70435,35341,11244,12547,651205,077118,1416,691,3028,076,1371,778,7171,511,2501,824,0471,906,446
Admin Expenses61,93338,313-1,322,17493,14463,670-934,657-415,480238,63529,2596,375,7958,378,6952,022,0541,565,4631,648,8831,611,511
Operating Profit8,0374,8841,357,878-57,791-22,558978,782463,131-33,55888,882315,507-302,558-243,337-54,213175,164294,935
Interest Payable18,20418,20411,97314,33112,34110,0352,470
Interest Receivable4724222622,6583,0817,6134,0681,36020,424542
Pre-Tax Profit8,0844,9091,357,880-75,993-40,760978,844465,789-30,47796,495319,575-313,171-254,668-61,503210,155293,007
Tax-2,021-933-257,997-185,980-88,500-19,299-63,915-6,985-2,620-38,096-53,708
Profit After Tax6,0633,9761,099,883-75,993-40,760792,864377,289-30,47777,196255,660-313,171-261,653-64,123172,059239,299
Dividends Paid24,602
Retained Profit6,0633,9761,099,883-75,993-40,760792,864377,289-30,47777,196255,660-313,171-261,653-64,123147,457239,299
Employee Costs48,31546,02144,62543,38343,13542,50341,95841,22241,3863,084,8003,726,3451,332,211800,981768,697835,013
Number Of Employees1111111117910243454749
EBITDA*8,6905,3871,376,504-37,758-1,5231,000,584498,3258,122128,567343,987-289,001-170,7204,701216,022329,990

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets187,2522,8543,357782,928804,923823,8471,368,0211,500,3951,264,2221,253,089501,102772,710838,331607,674619,122
Intangible Assets
Investments & Other1,520,0041,520,0041,520,004446,66446,66446,66246,66246,66246,66246,6622,501,4582,651,4581,056,4581,056,458
Debtors (Due After 1 year)
Total Fixed Assets1,707,2561,522,8581,523,361782,932851,587870,5111,414,6831,547,0571,310,8841,299,751547,7643,274,1683,489,7891,664,1321,675,580
Stock & work in progress272,118257,4443,171,1073,568,0002,148,0761,340,738
Trade Debtors38744,5107,0632,321,0363,581,50386,057138,884158,104463,511
Group Debtors6,902,1546,555,9886,093,7734,319,3186,494,3815,777,6744,710,2923,134,6851,978,326110,00040,000
Misc Debtors3,4712,6231,6161,099,3932,8462,4282,47973,397364,9021,007,267456,450262,281283,281
Cash9948103372863,70420816,4171,046,7431,417,7151,627,319544,054162,1751,406,506605,198
misc current assets
total current assets6,906,6196,559,8086,095,7265,418,9976,500,9315,780,3104,729,1884,571,4534,025,4503,948,3553,581,5034,808,4854,435,5094,014,9672,692,728
total assets8,613,8758,082,6667,619,0876,201,9297,352,5186,650,8216,143,8716,118,5105,336,3345,248,1064,129,2678,082,6537,925,2985,679,0994,368,308
Bank overdraft368,40040,859226
Bank loan26,078
Trade Creditors 29,93829,3876,0559,5179,32110,42410,759161,009116,6412,056,7581,193,579204,812274,552390,752243,064
Group/Directors Accounts261,403188,71672,918553,787416,155
other short term finances
hp & lease commitments
other current liabilities2,564,2322,039,6371,603,3661,639,5402,190,1622,159,2571,963,9692,303,2791,951,1494,235,8704,074,6631,690,663674,940
total current liabilities2,594,1702,069,0241,609,4211,910,4602,414,2772,242,5992,528,5152,880,4432,067,7902,056,7581,193,5794,809,0824,390,0742,081,641918,004
loans570,779
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions137,014137,014137,01420,04020,04018,15018,351
total long term liabilities137,014137,014137,014570,77920,04020,04018,15018,351
total liabilities2,731,1842,206,0381,746,4351,910,4602,985,0562,242,5992,528,5152,880,4432,067,7902,056,7581,193,5794,829,1224,410,1142,099,791936,355
net assets5,882,6915,876,6285,872,6524,291,4694,367,4624,408,2223,615,3563,238,0673,268,5443,191,3482,935,6883,253,4313,515,0843,579,2073,431,752
total shareholders funds5,882,6915,876,6285,872,6524,291,4694,367,4624,408,2223,615,3563,238,0673,268,5443,191,3482,935,6883,253,4313,515,0843,579,2073,431,752
Mar 2024Mar 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit8,0374,8841,357,878-57,791-22,558978,782463,131-33,55888,882315,507-302,558-243,337-54,213175,164294,935
Depreciation65350318,62620,03321,03521,80235,19441,68039,68528,48013,55772,61758,91440,85835,055
Amortisation
Tax-2,021-933-257,997-185,980-88,500-19,299-63,915-6,985-2,620-38,096-53,708
Stock-272,11814,674257,444-3,171,107-396,8931,419,924807,3381,340,738
Debtors346,627463,609676,678-1,078,516717,1251,067,3311,460,179902,30129,255-1,260,4672,488,179387,990244,949-286,407746,792
Creditors55123,332-3,462196-1,103-335-150,25044,368-1,940,117863,179988,767-69,740-116,200147,688243,064
Accruals and Deferred Income524,595436,271-36,174-550,62230,905195,288-339,310352,1301,951,149-4,235,870161,2072,384,0001,015,723674,940
Deferred Taxes & Provisions137,014-20,0401,890-20118,351
Cash flow from operations185,188448539,207490,332-688,846-57,774-1,267,796-512,355-166,3992,403,718-2,873,216-77,335606,898820,205-874,893
Investing Activities
capital expenditure-185,051760,9451,962-2,111522,37297,180-277,853-50,818-780,467258,051144,414-1,884,667-29,513-596,583
Change in Investments1,520,000-46,6602-2,454,796-150,0001,595,0001,056,458
cash flow from investments-185,051-759,05548,622-2,111522,37097,180-277,853-50,818-780,4672,712,847294,414-3,479,667-29,513-1,653,041
Financing Activities
Bank loans-26,07826,078
Group/Directors Accounts-261,40372,687115,798-480,869137,632416,155
Other Short Term Loans
Long term loans-570,779570,779
Hire Purchase and Lease Commitments
other long term liabilities
share issue481,3002-4,572-23,192,453
interest47242-18,202-18,202622,6583,0817,6134,068-10,613-14,331-12,34110,389-1,928
cash flow from financing4724219,899-542,372694,453-480,805140,290419,2367,6134,068-15,185-14,331-12,34110,3873,190,525
cash and cash equivalents
cash18447351-3,4183,496-16,209-1,030,326-370,972-209,6041,627,319-544,054381,879-1,244,331801,308605,198
overdraft-368,400327,54140,633226
change in cash18447351-3,4183,496-16,209-1,030,326-370,972-209,6041,627,319-175,65454,338-1,284,964801,082605,198

tower radio group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tower Radio Group Limited Competitor Analysis

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Perform a competitor analysis for tower radio group limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in SS9 area or any other competitors across 12 key performance metrics.

tower radio group limited Ownership

TOWER RADIO GROUP LIMITED group structure

Tower Radio Group Limited has 3 subsidiary companies.

TOWER RADIO GROUP LIMITED Shareholders

mr bernard peter litman 71%
mrs stephanie litman-lanceron 23%
bernard litman 6%

tower radio group limited directors

Tower Radio Group Limited currently has 1 director, Mr Bernard Litman serving since Feb 1991.

officercountryagestartendrole
Mr Bernard LitmanEngland69 years Feb 1991- Director

P&L

March 2024

turnover

265k

+59%

operating profit

8k

0%

gross margin

26.5%

+1.83%

turnover

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

Balance Sheet

March 2024

net assets

5.9m

0%

total assets

8.6m

+0.07%

cash

994

+0.23%

net assets

Total assets minus all liabilities

tower radio group limited company details

company number

01322461

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

July 1977

age

48

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

tower radio (basildon) limited (March 2016)

accountant

-

auditor

-

address

unit 2, kingsgate court, rayleigh road, leigh-on-sea, SS9 5PS

Bank

BARCLAYS BANK PLC

Legal Advisor

-

tower radio group 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 2 charges/mortgages relating to tower radio group limited. Currently there are 0 open charges and 2 have been satisfied in the past.

tower radio group limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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tower radio group limited Companies House Filings - See Documents

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