bandvulc tyres ltd
bandvulc tyres ltd Company Information
Company Number
01350593
Next Accounts
Sep 2025
Shareholders
continental uk group holdings limited
Group Structure
View All
Industry
Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Registered Address
gillard way, lee mill industrial estate, ivybridge, devon, PL21 9LN
Website
http://www.bandvulc.co.ukbandvulc tyres ltd Estimated Valuation
Pomanda estimates the enterprise value of BANDVULC TYRES LTD at £69.9m based on a Turnover of £109.8m and 0.64x industry multiple (adjusted for size and gross margin).
bandvulc tyres ltd Estimated Valuation
Pomanda estimates the enterprise value of BANDVULC TYRES LTD at £19.4m based on an EBITDA of £4.3m and a 4.51x industry multiple (adjusted for size and gross margin).
bandvulc tyres ltd Estimated Valuation
Pomanda estimates the enterprise value of BANDVULC TYRES LTD at £55.4m based on Net Assets of £34m and 1.63x industry multiple (adjusted for liquidity).
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Bandvulc Tyres Ltd Overview
Bandvulc Tyres Ltd is a live company located in ivybridge, PL21 9LN with a Companies House number of 01350593. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in January 1978, it's largest shareholder is continental uk group holdings limited with a 100% stake. Bandvulc Tyres Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £109.8m with high growth in recent years.
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Bandvulc Tyres Ltd Health Check
Pomanda's financial health check has awarded Bandvulc Tyres Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £109.8m, make it larger than the average company (£54.1m)
£109.8m - Bandvulc Tyres Ltd
£54.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.4%)
17% - Bandvulc Tyres Ltd
8.4% - Industry AVG
Production
with a gross margin of 8.6%, this company has a higher cost of product (16.6%)
8.6% - Bandvulc Tyres Ltd
16.6% - Industry AVG
Profitability
an operating margin of 2.2% make it as profitable than the average company (2%)
2.2% - Bandvulc Tyres Ltd
2% - Industry AVG
Employees
with 274 employees, this is above the industry average (218)
274 - Bandvulc Tyres Ltd
218 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has a lower pay structure (£52.4k)
£33.5k - Bandvulc Tyres Ltd
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £400.8k, this is equally as efficient (£353.3k)
£400.8k - Bandvulc Tyres Ltd
£353.3k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (85 days)
28 days - Bandvulc Tyres Ltd
85 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (38 days)
33 days - Bandvulc Tyres Ltd
38 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (62 days)
3 days - Bandvulc Tyres Ltd
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (2 weeks)
1 weeks - Bandvulc Tyres Ltd
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.2%, this is a lower level of debt than the average (57.1%)
33.2% - Bandvulc Tyres Ltd
57.1% - Industry AVG
BANDVULC TYRES LTD financials
Bandvulc Tyres Ltd's latest turnover from December 2023 is £109.8 million and the company has net assets of £34 million. According to their latest financial statements, Bandvulc Tyres Ltd has 274 employees and maintains cash reserves of £457 thousand 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 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 109,823,000 | 98,814,000 | 70,411,325 | 68,615,608 | 70,307,271 | 71,827,941 | 64,992,532 | 43,454,274 | 54,219,465 | 49,940,592 | 55,471,455 | 55,795,468 | 53,852,381 | 46,537,914 | 38,738,065 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 100,402,000 | 91,471,000 | 55,934,810 | 56,097,981 | 55,103,734 | 58,761,560 | 51,721,435 | 34,040,583 | 40,240,119 | 38,001,656 | 43,080,858 | 44,962,473 | 42,905,701 | 36,698,305 | 29,039,082 |
| Gross Profit | 9,421,000 | 7,343,000 | 14,476,515 | 12,517,627 | 15,203,537 | 13,066,381 | 13,271,097 | 9,413,691 | 13,979,346 | 11,938,936 | 12,390,597 | 10,832,995 | 10,946,680 | 9,839,609 | 9,698,983 |
| Admin Expenses | 6,961,000 | 6,613,000 | 7,237,322 | 8,262,656 | 9,925,981 | 8,486,127 | 8,325,396 | 11,109,444 | 8,680,684 | 8,338,470 | 7,620,811 | 7,323,482 | 6,590,564 | 6,515,099 | 6,509,187 |
| Operating Profit | 2,460,000 | 730,000 | 7,239,193 | 4,254,971 | 5,277,556 | 4,580,254 | 4,945,701 | -1,695,753 | 5,298,662 | 3,600,466 | 4,769,786 | 3,509,513 | 4,356,116 | 3,324,510 | 3,189,796 |
| Interest Payable | 8,000 | 9,000 | 12,331 | 14,339 | 12,621 | 15,597 | 30,942 | ||||||||
| Interest Receivable | 872,000 | 330,000 | 50,141 | 59,193 | 71,614 | 67,734 | 15,103 | 36,886 | 35,756 | 66,042 | 16,715 | 22,064 | 20,835 | 17,245 | |
| Pre-Tax Profit | 3,324,000 | 1,051,000 | 7,277,003 | 4,299,825 | 5,336,549 | 4,593,387 | 5,013,435 | -1,680,650 | 5,335,548 | 3,636,222 | 4,835,828 | 3,526,228 | 4,356,238 | 3,345,345 | 3,207,041 |
| Tax | -790,000 | -169,000 | -995,043 | -917,666 | -1,320,341 | -754,662 | -1,028,191 | 80,646 | -1,030,569 | -676,830 | -1,097,119 | -763,701 | -1,140,605 | -949,295 | -913,653 |
| Profit After Tax | 2,534,000 | 882,000 | 6,281,960 | 3,382,159 | 4,016,208 | 3,838,725 | 3,985,244 | -1,600,004 | 4,304,979 | 2,959,392 | 3,738,709 | 2,762,527 | 3,215,633 | 2,396,050 | 2,293,388 |
| Dividends Paid | 5,000,000 | 1,500,000 | 1,500,000 | 2,500,000 | 2,000,000 | 1,700,000 | 1,500,000 | 1,300,000 | |||||||
| Retained Profit | 2,534,000 | 882,000 | 6,281,960 | -1,617,841 | 4,016,208 | 3,838,725 | 3,985,244 | -1,600,004 | 2,804,979 | 1,459,392 | 1,238,709 | 762,527 | 1,515,633 | 896,050 | 993,388 |
| Employee Costs | 9,181,000 | 9,068,000 | 8,765,020 | 9,308,782 | 10,245,827 | 10,035,630 | 9,210,422 | 8,400,545 | 8,508,539 | 8,137,323 | 7,661,421 | 7,349,968 | 6,764,889 | 6,389,370 | 6,492,506 |
| Number Of Employees | 274 | 296 | 299 | 324 | 361 | 361 | 327 | 310 | 302 | 288 | 283 | 275 | 264 | 244 | 240 |
| EBITDA* | 4,301,000 | 2,422,000 | 9,029,246 | 6,062,361 | 6,963,230 | 5,815,953 | 6,053,120 | -1,023,540 | 6,160,742 | 4,532,406 | 5,704,291 | 4,453,471 | 5,256,753 | 4,141,542 | 3,959,056 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,599,000 | 7,834,000 | 8,572,369 | 9,228,564 | 9,787,400 | 9,083,632 | 9,473,707 | 7,734,667 | 3,061,118 | 3,197,993 | 3,342,396 | 3,604,825 | 3,278,695 | 3,187,285 | 2,804,883 |
| Intangible Assets | 320,000 | 601,000 | |||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 8,919,000 | 8,435,000 | 8,572,369 | 9,228,564 | 9,787,400 | 9,083,632 | 9,473,707 | 7,734,667 | 3,061,118 | 3,197,993 | 3,342,396 | 3,604,825 | 3,278,695 | 3,187,285 | 2,804,883 |
| Stock & work in progress | 900,000 | 1,461,000 | 1,562,116 | 2,265,227 | 3,406,188 | 2,376,964 | 2,524,759 | 2,326,684 | 2,789,940 | 3,031,211 | 3,264,183 | 3,796,335 | 4,536,768 | 3,768,782 | 2,669,761 |
| Trade Debtors | 8,467,000 | 6,633,000 | 10,639,678 | 12,291,063 | 11,917,670 | 12,972,153 | 13,316,406 | 15,170,778 | 14,880,223 | 12,389,841 | 11,357,072 | 11,981,194 | 11,277,218 | 11,113,500 | 8,814,081 |
| Group Debtors | 27,899,000 | 22,611,000 | 19,872,073 | 13,803,079 | 10,362,718 | 3,382,306 | 9,206,841 | 2,103,384 | 1,776,393 | 1,753,632 | 1,217,752 | 1,911,667 | 463,911 | 463,911 | |
| Misc Debtors | 4,278,000 | 6,645,000 | 3,716,965 | 4,584,279 | 4,737,970 | 1,740,554 | 760,834 | 680,372 | 1,610,306 | 1,775,795 | 1,814,030 | 1,751,109 | 1,657,041 | 1,881,075 | |
| Cash | 457,000 | 466,000 | 444,535 | 514,125 | 1,437,667 | 5,476,867 | 5,296,031 | 3,039,595 | 8,631,633 | 5,789,879 | 5,459,187 | 3,303,113 | 3,802,291 | 2,482,459 | 3,165,989 |
| misc current assets | |||||||||||||||
| total current assets | 42,001,000 | 37,816,000 | 36,235,367 | 33,457,773 | 31,862,213 | 28,623,683 | 26,260,056 | 30,504,732 | 29,085,552 | 24,597,630 | 23,609,869 | 22,112,424 | 23,279,053 | 19,485,693 | 16,994,817 |
| total assets | 50,920,000 | 46,251,000 | 44,807,736 | 42,686,337 | 41,649,613 | 37,707,315 | 35,733,763 | 38,239,399 | 32,146,670 | 27,795,623 | 26,952,265 | 25,717,249 | 26,557,748 | 22,672,978 | 19,799,700 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 9,198,000 | 9,726,000 | 8,718,322 | 9,006,602 | 8,245,462 | 10,073,359 | 8,273,278 | 8,578,359 | 8,521,457 | 7,907,423 | 8,012,931 | 8,656,323 | 8,967,476 | 9,791,734 | 7,881,025 |
| Group/Directors Accounts | 2,459,000 | 545,000 | 543,754 | 512,309 | 772,132 | 2,620,861 | 8,762,816 | 8,970,858 | 8,671,102 | 8,922,347 | 8,666,415 | 8,738,280 | 5,959,939 | 5,959,939 | |
| other short term finances | 290,825 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,221,000 | 2,842,000 | 3,139,169 | 6,260,634 | 4,205,547 | 5,299,285 | 5,275,420 | 2,381,885 | 1,837,088 | 1,993,530 | 1,540,969 | 2,657,591 | 2,484,047 | 2,478,270 | |
| total current liabilities | 14,878,000 | 13,113,000 | 12,401,245 | 15,779,545 | 13,223,141 | 14,294,385 | 16,193,424 | 22,616,595 | 19,874,200 | 18,415,613 | 18,928,808 | 18,863,707 | 20,363,347 | 18,235,720 | 16,319,234 |
| loans | |||||||||||||||
| hp & lease commitments | 136,000 | 299,000 | 510,176 | 832,204 | 892,153 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,891,000 | 1,358,000 | 1,296,625 | 1,756,858 | 1,598,748 | 1,459,701 | 1,527,410 | 556,353 | 421,779 | 524,618 | 593,412 | 696,798 | 455,288 | 394,546 | |
| total long term liabilities | 2,027,000 | 1,657,000 | 1,806,801 | 2,589,062 | 2,490,901 | 1,493,567 | 1,459,701 | 1,527,410 | 556,353 | 421,779 | 524,618 | 593,412 | 696,798 | 455,288 | 394,546 |
| total liabilities | 16,905,000 | 14,770,000 | 14,208,046 | 18,368,607 | 15,714,042 | 15,787,952 | 17,653,125 | 24,144,005 | 20,430,553 | 18,837,392 | 19,453,426 | 19,457,119 | 21,060,145 | 18,691,008 | 16,713,780 |
| net assets | 34,015,000 | 31,481,000 | 30,599,690 | 24,317,730 | 25,935,571 | 21,919,363 | 18,080,638 | 14,095,394 | 11,716,117 | 8,958,231 | 7,498,839 | 6,260,130 | 5,497,603 | 3,981,970 | 3,085,920 |
| total shareholders funds | 34,015,000 | 31,481,000 | 30,599,690 | 24,317,730 | 25,935,571 | 21,919,363 | 18,080,638 | 14,095,394 | 11,716,117 | 8,958,231 | 7,498,839 | 6,260,130 | 5,497,603 | 3,981,970 | 3,085,920 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,460,000 | 730,000 | 7,239,193 | 4,254,971 | 5,277,556 | 4,580,254 | 4,945,701 | -1,695,753 | 5,298,662 | 3,600,466 | 4,769,786 | 3,509,513 | 4,356,116 | 3,324,510 | 3,189,796 |
| Depreciation | 1,841,000 | 1,692,000 | 1,790,053 | 1,807,390 | 1,685,674 | 1,235,699 | 1,107,419 | 672,213 | 862,080 | 931,940 | 934,505 | 943,958 | 900,637 | 817,032 | 769,260 |
| Amortisation | |||||||||||||||
| Tax | -790,000 | -169,000 | -995,043 | -917,666 | -1,320,341 | -754,662 | -1,028,191 | 80,646 | -1,030,569 | -676,830 | -1,097,119 | -763,701 | -1,140,605 | -949,295 | -913,653 |
| Stock | -561,000 | -101,116 | -703,111 | -1,140,961 | 1,029,224 | -147,795 | 198,075 | -704,527 | -241,271 | -232,972 | -532,152 | -740,433 | 767,986 | 1,099,021 | 2,669,761 |
| Debtors | 4,755,000 | 1,660,284 | 3,550,295 | 3,660,063 | 14,046,205 | -5,467,113 | -6,699,187 | 9,361,913 | 1,887,439 | 890,041 | -126,477 | 72,982 | 1,705,542 | 2,075,385 | 11,159,067 |
| Creditors | -528,000 | 1,007,678 | -288,280 | 761,140 | -1,827,897 | 1,800,081 | -305,081 | 670,936 | 614,034 | -105,508 | -643,392 | -311,153 | -824,258 | 1,910,709 | 7,881,025 |
| Accruals and Deferred Income | 379,000 | -297,169 | -3,121,465 | 2,055,087 | 4,205,547 | -5,299,285 | 23,865 | 3,438,332 | 544,797 | -156,442 | 452,561 | -1,116,622 | 173,544 | 5,777 | 2,478,270 |
| Deferred Taxes & Provisions | 533,000 | 61,375 | -460,233 | 158,110 | 1,598,748 | -1,459,701 | -67,709 | 1,105,631 | 134,574 | -102,839 | -68,794 | -103,386 | 241,510 | 60,742 | 394,546 |
| Cash flow from operations | -299,000 | 1,465,716 | 1,317,041 | 5,599,930 | -5,456,142 | 11,177,116 | 4,777,410 | 2,833,718 | 5,006,176 | 2,826,060 | 1,233,416 | 1,995,069 | -29,584 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,914,000 | 1,246 | 31,445 | -259,823 | 772,132 | -2,620,861 | -6,141,955 | 91,714 | 299,756 | -251,245 | 255,932 | -71,865 | 2,778,341 | 5,959,939 | |
| Other Short Term Loans | -290,825 | 290,825 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -163,000 | -211,176 | -322,028 | -59,949 | 892,153 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 864,000 | 321,000 | 37,810 | 44,854 | 58,993 | 67,734 | 15,103 | 36,886 | 35,756 | 66,042 | 16,715 | -8,878 | 20,835 | 17,245 | |
| cash flow from financing | 2,615,000 | 110,380 | -252,773 | -274,918 | 1,432,453 | -6,074,221 | 6,843,984 | 289,549 | -215,489 | 321,974 | -55,150 | 2,769,463 | 20,835 | 8,069,716 | |
| cash and cash equivalents | |||||||||||||||
| cash | -9,000 | 21,465 | -69,590 | -923,542 | -4,039,200 | 180,836 | 2,256,436 | -2,750,284 | 2,841,754 | 330,692 | 2,156,074 | -499,178 | 1,319,832 | -683,530 | 3,165,989 |
| overdraft | |||||||||||||||
| change in cash | -9,000 | 21,465 | -69,590 | -923,542 | -4,039,200 | 180,836 | 2,256,436 | -2,750,284 | 2,841,754 | 330,692 | 2,156,074 | -499,178 | 1,319,832 | -683,530 | 3,165,989 |
bandvulc tyres ltd Credit Report and Business Information
Bandvulc Tyres Ltd Competitor Analysis
Perform a competitor analysis for bandvulc tyres ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in PL21 area or any other competitors across 12 key performance metrics.
bandvulc tyres ltd Ownership
BANDVULC TYRES LTD group structure
Bandvulc Tyres Ltd has no subsidiary companies.
Ultimate parent company
CONTINENTAL AKTIENGESELLSCHAFT
#0144785
2 parents
BANDVULC TYRES LTD
01350593
bandvulc tyres ltd directors
Bandvulc Tyres Ltd currently has 3 directors. The longest serving directors include Mr Tansu Isik (May 2023) and Mrs Tracey Mortimer (Dec 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tansu Isik | 44 years | May 2023 | - | Director | |
| Mrs Tracey Mortimer | 54 years | Dec 2024 | - | Director | |
| Mr Nafaz Choudhury | 42 years | Feb 2025 | - | Director |
P&L
December 2023turnover
109.8m
+11%
operating profit
2.5m
+237%
gross margin
8.6%
+15.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
34m
+0.08%
total assets
50.9m
+0.1%
cash
457k
-0.02%
net assets
Total assets minus all liabilities
bandvulc tyres ltd company details
company number
01350593
Type
Private limited with Share Capital
industry
22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
incorporation date
January 1978
age
47
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
bandvulc remoulds limited (January 1998)
aeroflo (r.w. devon) limited (December 1980)
accountant
-
auditor
CROWE U K LLP
address
gillard way, lee mill industrial estate, ivybridge, devon, PL21 9LN
Bank
ROYAL BANK OF SCOTLAND PLC
Legal Advisor
MICHELMORES
bandvulc tyres ltd 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 5 charges/mortgages relating to bandvulc tyres ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
bandvulc tyres ltd 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.
Click to start generating capital raising & share issue transactions for BANDVULC TYRES LTD. This can take several minutes, an email will notify you when this has completed.
bandvulc tyres ltd Companies House Filings - See Documents
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