thames transit limited
thames transit limited Company Information
Company Number
02272113
Next Accounts
Jan 2026
Shareholders
stagecoach bus holdings ltd
Group Structure
View All
Industry
Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
Registered Address
one stockport exchange, 20 railway road, stockport, SK1 3SW
thames transit limited Estimated Valuation
Pomanda estimates the enterprise value of THAMES TRANSIT LIMITED at £32.1m based on a Turnover of £47.1m and 0.68x industry multiple (adjusted for size and gross margin).
thames transit limited Estimated Valuation
Pomanda estimates the enterprise value of THAMES TRANSIT LIMITED at £40m based on an EBITDA of £8.5m and a 4.71x industry multiple (adjusted for size and gross margin).
thames transit limited Estimated Valuation
Pomanda estimates the enterprise value of THAMES TRANSIT LIMITED at £43.1m based on Net Assets of £18m and 2.39x industry multiple (adjusted for liquidity).
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Thames Transit Limited Overview
Thames Transit Limited is a live company located in stockport, SK1 3SW with a Companies House number of 02272113. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in June 1988, it's largest shareholder is stagecoach bus holdings ltd with a 100% stake. Thames Transit Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.1m with rapid growth in recent years.
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Thames Transit Limited Health Check
Pomanda's financial health check has awarded Thames Transit Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £47.1m, make it larger than the average company (£32.9m)
£47.1m - Thames Transit Limited
£32.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (11.7%)
44% - Thames Transit Limited
11.7% - Industry AVG
Production
with a gross margin of 3.6%, this company has a lower cost of product (2.4%)
3.6% - Thames Transit Limited
2.4% - Industry AVG
Profitability
an operating margin of 11.3% make it more profitable than the average company (3%)
11.3% - Thames Transit Limited
3% - Industry AVG
Employees
with 554 employees, this is similar to the industry average (520)
554 - Thames Transit Limited
520 - Industry AVG
Pay Structure
on an average salary of £47.5k, the company has a higher pay structure (£36.8k)
£47.5k - Thames Transit Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £85k, this is more efficient (£69.3k)
£85k - Thames Transit Limited
£69.3k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is later than average (7 days)
10 days - Thames Transit Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (6 days)
5 days - Thames Transit Limited
6 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (3 days)
1 days - Thames Transit Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (3 weeks)
0 weeks - Thames Transit Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.1%, this is a similar level of debt than the average (63.7%)
64.1% - Thames Transit Limited
63.7% - Industry AVG
THAMES TRANSIT LIMITED financials
Thames Transit Limited's latest turnover from April 2024 is £47.1 million and the company has net assets of £18 million. According to their latest financial statements, Thames Transit Limited has 554 employees and maintains cash reserves of £178 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | May 2021 | May 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,104,000 | 40,537,000 | 29,824,000 | 15,877,000 | 35,004,000 | 36,947,000 | 36,415,000 | 35,756,000 | 36,838,000 | 38,410,000 | 37,131,000 | 36,065,000 | 33,992,000 | 32,943,000 | 31,643,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 45,432,000 | 41,237,000 | 36,533,000 | 33,751,000 | 36,000,000 | 35,539,000 | 33,287,000 | 31,506,000 | 29,970,000 | 31,238,000 | 29,709,000 | 29,009,000 | 29,761,000 | 26,650,000 | |
| Gross Profit | 1,672,000 | -700,000 | -6,709,000 | -17,874,000 | -996,000 | 1,408,000 | 3,128,000 | 4,250,000 | 6,868,000 | 7,172,000 | 7,422,000 | 7,056,000 | 4,231,000 | 6,293,000 | |
| Admin Expenses | -3,637,000 | -5,158,000 | -7,632,000 | -17,863,000 | -2,545,000 | -195,000 | -204,000 | -170,000 | -166,000 | -197,000 | -162,000 | -173,000 | -152,000 | -188,000 | |
| Operating Profit | 5,309,000 | 4,458,000 | 923,000 | -11,000 | 1,549,000 | 1,603,000 | 3,332,000 | 4,420,000 | 7,034,000 | 7,369,000 | 7,584,000 | 7,229,000 | 4,383,000 | 6,481,000 | 6,192,000 |
| Interest Payable | 250,000 | 268,000 | 339,000 | 401,000 | 91,000 | 138,000 | 99,000 | 198,000 | 198,000 | 76,000 | 80,000 | 109,000 | 134,000 | 111,000 | |
| Interest Receivable | 442,000 | 78,000 | 7,000 | 319,000 | 278,000 | 119,000 | |||||||||
| Pre-Tax Profit | 5,501,000 | 4,268,000 | 584,000 | -412,000 | 1,198,000 | 1,512,000 | 3,194,000 | 4,321,000 | 6,836,000 | 7,171,000 | 7,508,000 | 7,156,000 | 4,593,000 | 6,625,000 | 6,200,000 |
| Tax | -948,000 | -632,000 | -711,000 | 120,000 | -397,000 | 246,000 | -489,000 | -631,000 | -999,000 | -1,392,000 | -1,414,000 | -1,515,000 | -1,506,000 | -1,266,000 | -1,634,000 |
| Profit After Tax | 4,553,000 | 3,636,000 | -127,000 | -292,000 | 801,000 | 1,758,000 | 2,705,000 | 3,690,000 | 5,837,000 | 5,779,000 | 6,094,000 | 5,641,000 | 3,087,000 | 5,359,000 | 4,566,000 |
| Dividends Paid | 7,000,000 | 5,000,000 | 2,000,000 | 8,250,000 | 5,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | |||||||
| Retained Profit | 4,553,000 | 3,636,000 | -127,000 | -292,000 | 801,000 | -5,242,000 | -2,295,000 | 3,690,000 | 5,837,000 | 3,779,000 | -2,156,000 | 641,000 | 87,000 | 2,359,000 | -434,000 |
| Employee Costs | 26,339,000 | 22,203,000 | 20,567,000 | 20,287,000 | 22,058,000 | 21,805,000 | 20,353,000 | 19,621,000 | 19,353,000 | 18,894,000 | 17,620,000 | 16,639,000 | 15,490,000 | 15,661,000 | 15,063,000 |
| Number Of Employees | 554 | 511 | 537 | 551 | 556 | 551 | 540 | 515 | 515 | 505 | 492 | 490 | 462 | 475 | 476 |
| EBITDA* | 8,507,000 | 7,467,000 | 4,314,000 | 3,677,000 | 5,105,000 | 4,557,000 | 6,139,000 | 7,161,000 | 9,924,000 | 10,274,000 | 10,166,000 | 9,700,000 | 6,838,000 | 8,744,000 | 7,937,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | May 2021 | May 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 31,298,000 | 24,420,000 | 32,639,000 | 36,529,000 | 33,714,000 | 25,656,000 | 27,736,000 | 30,312,000 | 28,963,000 | 28,905,000 | 24,398,000 | 24,634,000 | 24,503,000 | 24,745,000 | 21,252,000 |
| Intangible Assets | 6,029,000 | 6,478,000 | 1,000 | 2,000 | 5,000 | 10,000 | 11,000 | 15,000 | 19,000 | ||||||
| Investments & Other | 5,515,000 | 5,954,000 | 1,661,000 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 42,842,000 | 36,852,000 | 34,301,000 | 36,531,000 | 33,719,000 | 25,666,000 | 27,747,000 | 30,327,000 | 28,982,000 | 28,905,000 | 24,398,000 | 24,634,000 | 24,503,000 | 24,745,000 | 21,252,000 |
| Stock & work in progress | 226,000 | 238,000 | 279,000 | 197,000 | 219,000 | 218,000 | 203,000 | 192,000 | 142,000 | 166,000 | 195,000 | 234,000 | 256,000 | 204,000 | 142,000 |
| Trade Debtors | 1,371,000 | 781,000 | 1,131,000 | 553,000 | |||||||||||
| Group Debtors | 963,000 | 6,000 | 203,000 | 236,000 | 32,000 | 17,000 | 1,061,000 | 420,000 | 706,000 | 1,695,000 | 301,000 | 1,686,000 | 4,447,000 | 7,468,000 | 9,763,000 |
| Misc Debtors | 4,526,000 | 5,701,000 | 2,104,000 | 5,791,000 | 3,049,000 | 1,430,000 | 1,275,000 | 1,339,000 | 881,000 | 648,000 | 1,202,000 | 1,669,000 | 1,027,000 | 615,000 | 741,000 |
| Cash | 178,000 | 1,369,000 | 11,000 | 93,000 | 48,000 | 680,000 | 913,000 | 1,848,000 | 391,000 | 874,000 | 2,329,000 | 352,000 | 263,000 | 17,850,000 | 9,587,000 |
| misc current assets | |||||||||||||||
| total current assets | 7,264,000 | 8,095,000 | 3,728,000 | 6,870,000 | 3,348,000 | 2,345,000 | 3,452,000 | 3,799,000 | 2,120,000 | 3,383,000 | 4,027,000 | 3,941,000 | 5,993,000 | 26,137,000 | 20,233,000 |
| total assets | 50,106,000 | 44,947,000 | 38,029,000 | 43,401,000 | 37,067,000 | 28,011,000 | 31,199,000 | 34,126,000 | 31,102,000 | 32,288,000 | 28,425,000 | 28,575,000 | 30,496,000 | 50,882,000 | 41,485,000 |
| Bank overdraft | 9,438,000 | 1,277,000 | 1,155,000 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 655,000 | 673,000 | 460,000 | 357,000 | |||||||||||
| Group/Directors Accounts | 12,692,000 | 16,589,000 | 14,244,000 | 12,362,000 | 12,587,000 | 12,748,000 | 11,080,000 | 11,628,000 | 16,542,000 | 14,338,000 | 16,933,000 | 37,992,000 | 26,109,000 | ||
| other short term finances | |||||||||||||||
| hp & lease commitments | 645,000 | 593,000 | 582,000 | 750,000 | 819,000 | 364,000 | 363,000 | 542,000 | 583,000 | 718,000 | 718,000 | 711,000 | 465,000 | 657,000 | 587,000 |
| other current liabilities | 3,712,000 | 3,621,000 | 2,929,000 | 2,575,000 | 3,907,000 | 3,882,000 | 3,811,000 | 3,465,000 | 16,131,000 | 22,139,000 | 5,057,000 | 4,400,000 | 3,872,000 | 3,806,000 | 7,076,000 |
| total current liabilities | 17,704,000 | 21,476,000 | 18,215,000 | 25,482,000 | 18,590,000 | 16,994,000 | 15,254,000 | 15,635,000 | 16,714,000 | 22,857,000 | 22,317,000 | 19,449,000 | 22,425,000 | 42,455,000 | 33,772,000 |
| loans | 1,936,000 | 3,738,000 | |||||||||||||
| hp & lease commitments | 5,952,000 | 6,251,000 | 6,347,000 | 6,529,000 | 6,974,000 | 558,000 | 922,000 | 1,273,000 | 968,000 | 1,869,000 | 2,588,000 | 3,290,000 | 2,844,000 | 4,454,000 | 5,270,000 |
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,900,000 | ||||||||||||||
| provisions | 4,546,000 | 2,912,000 | 2,879,000 | 1,459,000 | 493,000 | 1,533,000 | 1,783,000 | 1,344,000 | 8,214,000 | 12,478,000 | 2,062,000 | 2,222,000 | 2,254,000 | 1,099,000 | 1,974,000 |
| total long term liabilities | 14,398,000 | 9,163,000 | 9,226,000 | 12,435,000 | 16,885,000 | 5,603,000 | 4,971,000 | 7,602,000 | 5,075,000 | 8,108,000 | 4,650,000 | 5,512,000 | 5,098,000 | 5,553,000 | 7,244,000 |
| total liabilities | 32,102,000 | 30,639,000 | 27,441,000 | 37,917,000 | 35,475,000 | 22,597,000 | 20,225,000 | 23,237,000 | 21,789,000 | 30,965,000 | 26,967,000 | 24,961,000 | 27,523,000 | 48,008,000 | 41,016,000 |
| net assets | 18,004,000 | 14,308,000 | 10,588,000 | 5,484,000 | 1,592,000 | 5,414,000 | 10,974,000 | 10,889,000 | 9,313,000 | 1,323,000 | 1,458,000 | 3,614,000 | 2,973,000 | 2,874,000 | 469,000 |
| total shareholders funds | 18,004,000 | 14,308,000 | 10,588,000 | 5,484,000 | 1,592,000 | 5,414,000 | 10,974,000 | 10,889,000 | 9,313,000 | 1,323,000 | 1,458,000 | 3,614,000 | 2,973,000 | 2,874,000 | 469,000 |
| Apr 2024 | Apr 2023 | Apr 2022 | May 2021 | May 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 5,309,000 | 4,458,000 | 923,000 | -11,000 | 1,549,000 | 1,603,000 | 3,332,000 | 4,420,000 | 7,034,000 | 7,369,000 | 7,584,000 | 7,229,000 | 4,383,000 | 6,481,000 | 6,192,000 |
| Depreciation | 3,122,000 | 3,002,000 | 3,390,000 | 3,685,000 | 3,551,000 | 2,949,000 | 2,803,000 | 2,737,000 | 2,889,000 | 2,905,000 | 2,582,000 | 2,471,000 | 2,455,000 | 2,263,000 | 1,745,000 |
| Amortisation | 76,000 | 7,000 | 1,000 | 3,000 | 5,000 | 5,000 | 4,000 | 4,000 | 1,000 | ||||||
| Tax | -948,000 | -632,000 | -711,000 | 120,000 | -397,000 | 246,000 | -489,000 | -631,000 | -999,000 | -1,392,000 | -1,414,000 | -1,515,000 | -1,506,000 | -1,266,000 | -1,634,000 |
| Stock | -12,000 | -41,000 | 82,000 | -22,000 | 1,000 | 15,000 | 11,000 | 50,000 | -24,000 | -29,000 | -39,000 | -22,000 | 52,000 | 62,000 | 142,000 |
| Debtors | 372,000 | 3,050,000 | -3,142,000 | 3,499,000 | 1,634,000 | -889,000 | 577,000 | 172,000 | -756,000 | 840,000 | -1,852,000 | -2,119,000 | -2,609,000 | -2,421,000 | 10,504,000 |
| Creditors | -18,000 | 213,000 | 103,000 | 357,000 | |||||||||||
| Accruals and Deferred Income | 91,000 | 692,000 | 354,000 | -1,332,000 | 25,000 | 71,000 | 346,000 | -12,666,000 | -6,008,000 | 17,082,000 | 657,000 | 528,000 | 66,000 | -3,270,000 | 7,076,000 |
| Deferred Taxes & Provisions | 1,634,000 | 33,000 | 1,420,000 | 966,000 | -1,040,000 | -250,000 | 439,000 | -6,870,000 | -4,264,000 | 10,416,000 | -160,000 | -32,000 | 1,155,000 | -875,000 | 1,974,000 |
| Cash flow from operations | 8,906,000 | 4,764,000 | 8,540,000 | 311,000 | 2,058,000 | 5,498,000 | 5,847,000 | -13,228,000 | -567,000 | 35,569,000 | 11,140,000 | 10,822,000 | 9,110,000 | 5,692,000 | 4,707,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -439,000 | 4,293,000 | 1,661,000 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -3,897,000 | 2,345,000 | 1,882,000 | -225,000 | -161,000 | 1,668,000 | -548,000 | 11,628,000 | -16,542,000 | 2,204,000 | -2,595,000 | -21,059,000 | 11,883,000 | 26,109,000 | |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,936,000 | -1,802,000 | 3,738,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -247,000 | -85,000 | -350,000 | -514,000 | 6,871,000 | -363,000 | -530,000 | 264,000 | -1,036,000 | -719,000 | -695,000 | 692,000 | -1,802,000 | -746,000 | 5,857,000 |
| other long term liabilities | 3,900,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | 192,000 | -190,000 | -339,000 | -401,000 | -91,000 | -138,000 | -99,000 | -198,000 | -198,000 | -76,000 | -73,000 | 210,000 | 144,000 | 8,000 | |
| cash flow from financing | -909,000 | 2,154,000 | 6,424,000 | 3,044,000 | 2,087,000 | 896,000 | 1,164,000 | 7,743,000 | -883,000 | -17,635,000 | 1,433,000 | -1,976,000 | -22,639,000 | 11,327,000 | 32,877,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,191,000 | 1,358,000 | -82,000 | 45,000 | -632,000 | -233,000 | -935,000 | 1,457,000 | -483,000 | -1,455,000 | 1,977,000 | 89,000 | -17,587,000 | 8,263,000 | 9,587,000 |
| overdraft | -9,438,000 | 8,161,000 | 1,277,000 | -1,155,000 | 1,155,000 | ||||||||||
| change in cash | -1,191,000 | 1,358,000 | 9,356,000 | -8,116,000 | -1,909,000 | -233,000 | -935,000 | 1,457,000 | -483,000 | -1,455,000 | 1,977,000 | 1,244,000 | -18,742,000 | 8,263,000 | 9,587,000 |
thames transit limited Credit Report and Business Information
Thames Transit Limited Competitor Analysis
Perform a competitor analysis for thames transit limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in SK1 area or any other competitors across 12 key performance metrics.
thames transit limited Ownership
THAMES TRANSIT LIMITED group structure
Thames Transit Limited has no subsidiary companies.
Ultimate parent company
PEIF III LUXCO TWO SARL
#0139200
2 parents
THAMES TRANSIT LIMITED
02272113
thames transit limited directors
Thames Transit Limited currently has 4 directors. The longest serving directors include Mr Bruce Dingwall (May 2019) and Mrs Carla Stockton-Jones (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Dingwall | United Kingdom | 42 years | May 2019 | - | Director |
| Mrs Carla Stockton-Jones | United Kingdom | 52 years | Feb 2020 | - | Director |
| Mr Samuel Greer | Scotland | 57 years | Jul 2023 | - | Director |
| Mr Christopher Hanson | United Kingdom | 36 years | Jun 2024 | - | Director |
P&L
April 2024turnover
47.1m
+16%
operating profit
5.3m
+19%
gross margin
3.6%
-305.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
18m
+0.26%
total assets
50.1m
+0.11%
cash
178k
-0.87%
net assets
Total assets minus all liabilities
thames transit limited company details
company number
02272113
Type
Private limited with Share Capital
industry
49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
incorporation date
June 1988
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
city minibus limited (January 1989)
bondco no.7 limited (October 1988)
accountant
-
auditor
ERNST & YOUNG LLP
address
one stockport exchange, 20 railway road, stockport, SK1 3SW
Bank
BANK OF SCOTLAND
Legal Advisor
-
thames transit 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 7 charges/mortgages relating to thames transit limited. Currently there are 2 open charges and 5 have been satisfied in the past.
thames transit 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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thames transit limited Companies House Filings - See Documents
| date | description | view/download |
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