north west truck services limited
north west truck services limited Company Information
Company Number
02147882
Next Accounts
Sep 2025
Shareholders
heatons truck group ltd
Group Structure
View All
Industry
Sale of other motor vehicles
+2Registered Address
greenhous village osbaston, telford, shropshire, TF6 6RA
Website
www.northwesttrucks.co.uknorth west truck services limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST TRUCK SERVICES LIMITED at £33.5m based on a Turnover of £80.7m and 0.42x industry multiple (adjusted for size and gross margin).
north west truck services limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST TRUCK SERVICES LIMITED at £6.7m based on an EBITDA of £1.3m and a 5.33x industry multiple (adjusted for size and gross margin).
north west truck services limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST TRUCK SERVICES LIMITED at £13.3m based on Net Assets of £4.9m and 2.71x industry multiple (adjusted for liquidity).
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North West Truck Services Limited Overview
North West Truck Services Limited is a live company located in shropshire, TF6 6RA with a Companies House number of 02147882. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in July 1987, it's largest shareholder is heatons truck group ltd with a 100% stake. North West Truck Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £80.7m with low growth in recent years.
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North West Truck Services Limited Health Check
Pomanda's financial health check has awarded North West Truck Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £80.7m, make it larger than the average company (£13.5m)
£80.7m - North West Truck Services Limited
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.3%)
3% - North West Truck Services Limited
9.3% - Industry AVG
Production
with a gross margin of 8.9%, this company has a higher cost of product (25.1%)
8.9% - North West Truck Services Limited
25.1% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (4.5%)
1% - North West Truck Services Limited
4.5% - Industry AVG
Employees
with 151 employees, this is above the industry average (42)
151 - North West Truck Services Limited
42 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£34.9k)
£34.6k - North West Truck Services Limited
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £534.7k, this is more efficient (£281k)
£534.7k - North West Truck Services Limited
£281k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (29 days)
56 days - North West Truck Services Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (45 days)
101 days - North West Truck Services Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 240 days, this is more than average (58 days)
240 days - North West Truck Services Limited
58 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - North West Truck Services Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (66.5%)
92.4% - North West Truck Services Limited
66.5% - Industry AVG
NORTH WEST TRUCK SERVICES LIMITED financials
North West Truck Services Limited's latest turnover from December 2023 is £80.7 million and the company has net assets of £4.9 million. According to their latest financial statements, North West Truck Services Limited has 151 employees and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 80,735,935 | 70,112,371 | 47,755,446 | 41,397,829 | 74,823,000 | 58,242,000 | 64,056,000 | 43,591,000 | 47,181,000 | 32,496,812 | 44,452,235 | 27,354,765 | 26,522,797 | 26,767,856 | 21,582,931 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 73,585,269 | 64,925,261 | 43,029,030 | 36,981,848 | 69,097,000 | 52,671,000 | 59,237,000 | 39,624,000 | 43,284,000 | 28,706,139 | 40,628,189 | 23,914,002 | 23,144,335 | 23,496,263 | 18,149,260 |
| Gross Profit | 7,150,666 | 5,187,110 | 4,726,416 | 4,415,981 | 5,726,000 | 5,571,000 | 4,819,000 | 3,967,000 | 3,897,000 | 3,790,673 | 3,824,046 | 3,440,763 | 3,378,462 | 3,271,593 | 3,433,671 |
| Admin Expenses | 6,329,647 | 4,559,155 | 4,077,623 | 4,094,236 | 5,444,000 | 5,302,000 | 4,653,000 | 3,884,000 | 3,767,000 | 3,644,684 | 3,678,608 | 3,315,278 | 3,237,628 | 3,155,957 | 3,210,556 |
| Operating Profit | 821,019 | 627,955 | 648,793 | 321,745 | 282,000 | 269,000 | 166,000 | 83,000 | 130,000 | 145,989 | 145,438 | 125,485 | 140,834 | 115,636 | 223,115 |
| Interest Payable | 1,112,342 | 20,574 | 24,959 | 20,961 | 26,000 | 27,000 | 34,000 | 32,000 | 28,000 | 34,837 | 30,606 | 36,206 | 28,694 | 24,455 | 22,205 |
| Interest Receivable | 60,000 | 60,851 | 55,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 72,000 | 952 | |||||
| Pre-Tax Profit | -231,323 | 668,232 | 678,834 | 360,784 | 316,000 | 302,000 | 192,000 | 111,000 | 174,000 | 111,152 | 114,832 | 89,279 | 112,140 | 92,133 | 41,640 |
| Tax | -72,541 | 15,777 | -175,706 | -96,008 | -72,000 | -105,000 | -35,000 | -41,000 | -59,000 | -27,209 | -30,216 | -24,228 | -28,730 | -23,909 | -9,080 |
| Profit After Tax | -303,864 | 684,009 | 503,128 | 264,776 | 244,000 | 197,000 | 157,000 | 70,000 | 115,000 | 83,943 | 84,616 | 65,051 | 83,410 | 68,224 | 32,560 |
| Dividends Paid | 200,000 | 250,000 | |||||||||||||
| Retained Profit | -303,864 | 684,009 | 503,128 | 264,776 | 244,000 | 197,000 | 157,000 | -130,000 | -135,000 | 83,943 | 84,616 | 65,051 | 83,410 | 68,224 | 32,560 |
| Employee Costs | 5,228,432 | 3,850,637 | 3,011,880 | 3,075,330 | 3,618,000 | 3,567,000 | 3,645,000 | 3,710,000 | 3,397,000 | 3,173,731 | 3,151,151 | 2,805,536 | 2,661,388 | 2,654,990 | 2,840,604 |
| Number Of Employees | 151 | 110 | 99 | 91 | 104 | 105 | 105 | 101 | 99 | 99 | 97 | 97 | 96 | 98 | 104 |
| EBITDA* | 1,264,662 | 884,850 | 845,691 | 527,290 | 516,000 | 493,000 | 415,000 | 302,000 | 318,000 | 318,578 | 285,001 | 264,688 | 263,856 | 241,600 | 386,169 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,613,291 | 906,190 | 2,175,906 | 2,177,035 | 2,211,000 | 1,733,000 | 1,736,000 | 1,778,000 | 1,631,000 | 1,571,309 | 1,551,865 | 1,484,594 | 1,448,164 | 1,114,947 | 1,091,781 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 2,070,494 | 1,752,508 | 1,711,611 | 1,868,738 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 | 1,630,000 |
| Total Fixed Assets | 3,683,785 | 2,658,698 | 3,887,517 | 4,045,773 | 3,841,000 | 3,363,000 | 3,366,000 | 3,408,000 | 3,261,000 | 3,201,309 | 3,181,865 | 3,114,594 | 3,078,164 | 2,744,947 | 2,721,781 |
| Stock & work in progress | 48,407,526 | 19,741,277 | 7,669,317 | 4,608,077 | 8,986,000 | 7,205,000 | 7,540,000 | 7,545,000 | 5,349,000 | 10,020,918 | 2,965,464 | 3,290,865 | 4,201,653 | 1,918,707 | 3,974,821 |
| Trade Debtors | 12,452,903 | 2,128,142 | 1,404,530 | 5,453,898 | 2,475,000 | 3,327,000 | 3,160,000 | 2,960,000 | 2,044,000 | 3,654,501 | 1,536,017 | 1,394,857 | 1,548,947 | 2,315,962 | 1,704,889 |
| Group Debtors | 119,983 | 17,383 | 11,304 | ||||||||||||
| Misc Debtors | 331,223 | 1,547,872 | 243,536 | 204,082 | 173,000 | 145,000 | 143,000 | 106,000 | 211,000 | 227,951 | 127,798 | 60,388 | 68,061 | 111,584 | 241,610 |
| Cash | 2,039 | 3,549,591 | 1,304,856 | 2,419,511 | 1,961,000 | 413,000 | 1,276,000 | 837,000 | 356,000 | 1,330,837 | 2,565,456 | 706,682 | 985,399 | 720,365 | 326,670 |
| misc current assets | |||||||||||||||
| total current assets | 61,193,691 | 26,966,882 | 10,622,239 | 12,685,568 | 13,595,000 | 11,090,000 | 12,119,000 | 11,448,000 | 7,960,000 | 15,354,190 | 7,212,118 | 5,464,096 | 6,804,060 | 5,066,618 | 6,247,990 |
| total assets | 64,877,476 | 29,625,580 | 14,509,756 | 16,731,341 | 17,436,000 | 14,453,000 | 15,485,000 | 14,856,000 | 11,221,000 | 18,555,499 | 10,393,983 | 8,578,690 | 9,882,224 | 7,811,565 | 8,969,771 |
| Bank overdraft | 2,895,870 | ||||||||||||||
| Bank loan | 20,000 | 20,000 | 28,000 | 74,000 | 76,000 | 73,000 | 107,348 | 105,333 | 103,413 | 61,556 | 59,756 | 59,181 | |||
| Trade Creditors | 20,375,703 | 22,340,026 | 9,180,889 | 10,419,517 | 11,164,000 | 9,954,000 | 10,183,000 | 10,255,000 | 6,662,000 | 14,381,205 | 4,501,087 | 4,495,500 | 5,791,004 | 3,488,668 | 4,981,941 |
| Group/Directors Accounts | 31,353 | 390,000 | 233,000 | 207,000 | 21,000 | 14,000 | 63,763 | 153,111 | 59,087 | ||||||
| other short term finances | 6,549,058 | 734,403 | |||||||||||||
| hp & lease commitments | 103,130 | 331,375 | 89,836 | 152,000 | 131,000 | 116,000 | 180,000 | 235,000 | 155,000 | 87,141 | 74,070 | 120,412 | 170,734 | 51,518 | 56,529 |
| other current liabilities | 29,885,342 | 932,628 | 395,650 | 1,677,085 | 1,658,000 | 842,000 | 1,797,000 | 1,336,000 | 1,174,000 | 645,575 | 2,359,400 | 498,558 | 519,689 | 841,302 | 660,288 |
| total current liabilities | 59,809,103 | 24,338,432 | 9,697,728 | 12,268,602 | 13,363,000 | 11,173,000 | 12,441,000 | 11,923,000 | 8,078,000 | 15,221,269 | 7,039,890 | 5,217,883 | 6,606,746 | 4,594,355 | 5,817,026 |
| loans | 9,746 | 30,747 | 50,000 | 68,000 | 96,000 | 163,000 | 234,000 | 314,856 | 419,720 | 522,329 | 492,647 | 551,080 | 609,082 | ||
| hp & lease commitments | 116,909 | 277,022 | 169,000 | 129,000 | 79,000 | 56,000 | 97,000 | 99,781 | 103,846 | 87,565 | 95,299 | 77,212 | 51,443 | ||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 149,162 | 73,819 | 165,799 | 128,778 | 94,000 | 89,000 | 72,000 | 74,000 | 42,000 | 13,655 | 8,532 | 13,534 | 15,204 | ||
| total long term liabilities | 158,908 | 73,819 | 282,708 | 436,547 | 313,000 | 286,000 | 247,000 | 293,000 | 373,000 | 428,292 | 532,098 | 623,428 | 603,150 | 628,292 | 660,525 |
| total liabilities | 59,968,011 | 24,412,251 | 9,980,436 | 12,705,149 | 13,676,000 | 11,459,000 | 12,688,000 | 12,216,000 | 8,451,000 | 15,649,561 | 7,571,988 | 5,841,311 | 7,209,896 | 5,222,647 | 6,477,551 |
| net assets | 4,909,465 | 5,213,329 | 4,529,320 | 4,026,192 | 3,760,000 | 2,994,000 | 2,797,000 | 2,640,000 | 2,770,000 | 2,905,938 | 2,821,995 | 2,737,379 | 2,672,328 | 2,588,918 | 2,492,220 |
| total shareholders funds | 4,909,465 | 5,213,329 | 4,529,320 | 4,026,192 | 3,760,000 | 2,994,000 | 2,797,000 | 2,640,000 | 2,770,000 | 2,905,938 | 2,821,995 | 2,737,379 | 2,672,328 | 2,588,918 | 2,492,220 |
| Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 821,019 | 627,955 | 648,793 | 321,745 | 282,000 | 269,000 | 166,000 | 83,000 | 130,000 | 145,989 | 145,438 | 125,485 | 140,834 | 115,636 | 223,115 |
| Depreciation | 443,643 | 256,895 | 196,898 | 205,545 | 234,000 | 224,000 | 249,000 | 219,000 | 188,000 | 172,589 | 139,563 | 139,203 | 123,022 | 125,964 | 163,054 |
| Amortisation | |||||||||||||||
| Tax | -72,541 | 15,777 | -175,706 | -96,008 | -72,000 | -105,000 | -35,000 | -41,000 | -59,000 | -27,209 | -30,216 | -24,228 | -28,730 | -23,909 | -9,080 |
| Stock | 28,666,249 | 12,071,960 | -1,316,683 | -4,377,923 | 1,781,000 | -335,000 | -5,000 | 2,196,000 | -4,671,918 | 7,055,454 | -325,401 | -910,788 | 2,282,946 | -2,056,114 | 3,974,821 |
| Debtors | 9,426,098 | 2,068,845 | -918,323 | 3,248,718 | -824,000 | 169,000 | 237,000 | 811,000 | -1,747,435 | 2,321,237 | 214,649 | -150,459 | -810,538 | 481,047 | 3,576,499 |
| Creditors | -1,964,323 | 13,159,137 | -1,983,111 | -744,483 | 1,210,000 | -229,000 | -72,000 | 3,593,000 | -7,719,205 | 9,880,118 | 5,587 | -1,295,504 | 2,302,336 | -1,493,273 | 4,981,941 |
| Accruals and Deferred Income | 28,952,714 | 536,978 | -1,262,350 | 19,085 | 816,000 | -955,000 | 461,000 | 162,000 | 528,425 | -1,713,825 | 1,860,842 | -21,131 | -321,613 | 181,014 | 660,288 |
| Deferred Taxes & Provisions | 75,343 | -91,980 | 71,799 | 34,778 | 5,000 | 17,000 | -2,000 | 32,000 | 28,345 | 5,123 | -5,002 | -1,670 | 15,204 | ||
| Cash flow from operations | -9,836,492 | 363,957 | -268,671 | 869,867 | 1,518,000 | -613,000 | 535,000 | 1,041,000 | -484,082 | -913,906 | 2,226,964 | -16,598 | 758,645 | 480,499 | -1,532,002 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -20,000 | -8,000 | -46,000 | -2,000 | 3,000 | -34,348 | 2,015 | 1,920 | 41,857 | 1,800 | 575 | 59,181 | |||
| Group/Directors Accounts | -31,353 | -358,647 | -390,000 | 157,000 | 26,000 | 186,000 | 7,000 | 14,000 | -63,763 | -89,348 | 94,024 | 59,087 | |||
| Other Short Term Loans | 5,814,655 | 734,403 | |||||||||||||
| Long term loans | 9,746 | -50,000 | -19,253 | -18,000 | -28,000 | -67,000 | -71,000 | -80,856 | -104,864 | -102,609 | 29,682 | -58,433 | -58,002 | 609,082 | |
| Hire Purchase and Lease Commitments | -228,245 | 124,630 | -93,255 | 129,022 | 55,000 | -14,000 | -32,000 | 39,000 | 65,078 | 9,006 | -30,061 | -58,056 | 137,303 | 20,758 | 107,972 |
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -1,052,342 | 40,277 | 30,041 | 39,039 | 34,000 | 33,000 | 26,000 | 28,000 | 44,000 | -34,837 | -30,606 | -36,206 | -28,694 | -23,503 | -22,205 |
| cash flow from financing | 4,543,814 | 867,957 | -225,669 | -239,776 | 742,000 | -29,000 | 111,000 | 6,000 | 6,936 | -128,680 | -161,356 | -86,486 | -37,372 | 62,326 | 3,272,777 |
| cash and cash equivalents | |||||||||||||||
| cash | -3,547,552 | 2,244,735 | -656,144 | 458,511 | 1,548,000 | -863,000 | 439,000 | 481,000 | -974,837 | -1,234,619 | 1,858,774 | -278,717 | 265,034 | 393,695 | 326,670 |
| overdraft | 2,895,870 | ||||||||||||||
| change in cash | -6,443,422 | 2,244,735 | -656,144 | 458,511 | 1,548,000 | -863,000 | 439,000 | 481,000 | -974,837 | -1,234,619 | 1,858,774 | -278,717 | 265,034 | 393,695 | 326,670 |
north west truck services limited Credit Report and Business Information
North West Truck Services Limited Competitor Analysis
Perform a competitor analysis for north west truck services 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 TF6 area or any other competitors across 12 key performance metrics.
north west truck services limited Ownership
NORTH WEST TRUCK SERVICES LIMITED group structure
North West Truck Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
NORTH WEST TRUCK SERVICES LIMITED
02147882
north west truck services limited directors
North West Truck Services Limited currently has 5 directors. The longest serving directors include Mr Kevin Swinnerton (Nov 2021) and Mr Michael Pawson (Nov 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Swinnerton | England | 58 years | Nov 2021 | - | Director |
| Mr Michael Pawson | United Kingdom | 63 years | Nov 2021 | - | Director |
| Mr William Paynton | England | 39 years | Nov 2021 | - | Director |
| Mr Derek Passant | United Kingdom | 65 years | Nov 2021 | - | Director |
| Mr Ashley Passant | United Kingdom | 33 years | Jun 2023 | - | Director |
P&L
December 2023turnover
80.7m
+15%
operating profit
821k
+31%
gross margin
8.9%
+19.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.9m
-0.06%
total assets
64.9m
+1.19%
cash
2k
-1%
net assets
Total assets minus all liabilities
north west truck services limited company details
company number
02147882
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
45190 - Sale of other motor vehicles
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
July 1987
age
38
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
WR PARTNERS
address
greenhous village osbaston, telford, shropshire, TF6 6RA
Bank
LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC
Legal Advisor
TICKLE HALL CROSS
north west truck services 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 13 charges/mortgages relating to north west truck services limited. Currently there are 2 open charges and 11 have been satisfied in the past.
north west truck services 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.
Click to start generating capital raising & share issue transactions for NORTH WEST TRUCK SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
north west truck services limited Companies House Filings - See Documents
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