top treads limited
top treads limited Company Information
Company Number
02550143
Website
www.toptreads.co.ukRegistered Address
unit 1 crigglestone ind estate, wakefield, west yorkshire, WF4 3HT
Industry
Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Telephone
01924257341
Next Accounts Due
August 2024
Group Structure
View All
Directors
Mark Small2 Years
Shareholders
top treads (holdings) ltd 100%
top treads limited Estimated Valuation
Pomanda estimates the enterprise value of TOP TREADS LIMITED at £1.1m based on a Turnover of £3.7m and 0.29x industry multiple (adjusted for size and gross margin).
top treads limited Estimated Valuation
Pomanda estimates the enterprise value of TOP TREADS LIMITED at £433.1k based on an EBITDA of £181.3k and a 2.39x industry multiple (adjusted for size and gross margin).
top treads limited Estimated Valuation
Pomanda estimates the enterprise value of TOP TREADS LIMITED at £1.5m based on Net Assets of £875.7k and 1.67x industry multiple (adjusted for liquidity).
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Top Treads Limited Overview
Top Treads Limited is a live company located in west yorkshire, WF4 3HT with a Companies House number of 02550143. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in October 1990, it's largest shareholder is top treads (holdings) ltd with a 100% stake. Top Treads Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with healthy growth in recent years.
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Top Treads Limited Health Check
Pomanda's financial health check has awarded Top Treads Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£41.4m)
- Top Treads Limited
£41.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (-5.6%)
- Top Treads Limited
-5.6% - Industry AVG
Production
with a gross margin of 17.5%, this company has a comparable cost of product (17.5%)
- Top Treads Limited
17.5% - Industry AVG
Profitability
an operating margin of 4.3% make it more profitable than the average company (2.6%)
- Top Treads Limited
2.6% - Industry AVG
Employees
with 17 employees, this is below the industry average (174)
17 - Top Treads Limited
174 - Industry AVG
Pay Structure
on an average salary of £56.3k, the company has an equivalent pay structure (£56.3k)
- Top Treads Limited
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £219.5k, this is less efficient (£273.1k)
- Top Treads Limited
£273.1k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (66 days)
- Top Treads Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (49 days)
- Top Treads Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (37 days)
- Top Treads Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Top Treads Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.2%, this is a similar level of debt than the average (60.7%)
55.2% - Top Treads Limited
60.7% - Industry AVG
top treads limited Credit Report and Business Information
Top Treads Limited Competitor Analysis
Perform a competitor analysis for top treads limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
top treads limited Ownership
TOP TREADS LIMITED group structure
Top Treads Limited has no subsidiary companies.
Ultimate parent company
2 parents
TOP TREADS LIMITED
02550143
top treads limited directors
Top Treads Limited currently has 1 director, Mr Mark Small serving since Mar 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Small | 45 years | Mar 2022 | - | Director |
TOP TREADS LIMITED financials
Top Treads Limited's latest turnover from November 2022 is estimated at £3.7 million and the company has net assets of £875.7 thousand. According to their latest financial statements, Top Treads Limited has 17 employees and maintains cash reserves of £7 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 3,332 | 5,176 | ||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | 677,124 | 603,150 | ||||||||||||
| Number Of Employees | 17 | 17 | 17 | 18 | 19 | 21 | 20 | 21 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 90,595 | 95,814 | 120,814 | 129,755 | 119,967 | 124,511 | 82,441 | 81,446 | 93,075 | 87,756 | 97,288 | 109,802 | 131,642 | 139,208 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 90,595 | 95,814 | 120,814 | 129,755 | 119,967 | 124,511 | 82,441 | 81,446 | 93,075 | 87,756 | 97,288 | 109,802 | 131,642 | 139,208 |
| Stock & work in progress | 129,357 | 149,397 | 93,320 | 104,268 | 111,949 | 93,464 | 112,935 | 75,556 | 92,514 | 109,116 | 96,860 | 63,552 | 70,035 | 54,934 |
| Trade Debtors | 938,171 | 745,603 | 753,251 | 652,537 | 677,427 | 695,936 | 579,329 | 619,501 | 940,766 | 1,030,376 | 1,209,226 | 1,257,364 | 1,029,688 | 1,011,476 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 798,050 | 660,581 | 558,878 | 508,843 | 351,901 | 228,428 | 204,402 | 225,273 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 7 | 878 | 327 | 105 | 0 | 186 | 453 | 252 | 448 | 63 | 397 | 573 | 159 | 15,055 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,865,585 | 1,556,459 | 1,405,776 | 1,265,753 | 1,141,277 | 1,018,014 | 897,119 | 920,582 | 1,033,728 | 1,139,555 | 1,306,483 | 1,321,489 | 1,099,882 | 1,081,465 |
| total assets | 1,956,180 | 1,652,273 | 1,526,590 | 1,395,508 | 1,261,244 | 1,142,525 | 979,560 | 1,002,028 | 1,126,803 | 1,227,311 | 1,403,771 | 1,431,291 | 1,231,524 | 1,220,673 |
| Bank overdraft | 178,998 | 209,973 | 117,817 | 251,952 | 164,021 | 0 | 73,478 | 93,947 | 135,985 | 70,660 | 20,355 | 39,813 | 38,450 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192,105 | 443,657 | 402,580 | 0 |
| Trade Creditors | 694,143 | 468,726 | 388,376 | 250,362 | 294,480 | 404,751 | 200,610 | 156,702 | 443,218 | 628,039 | 684,268 | 461,679 | 373,334 | 851,451 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 165,139 | 157,571 | 292,222 | 235,110 | 165,969 | 144,260 | 153,653 | 200,815 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,038,280 | 836,270 | 798,415 | 737,424 | 624,470 | 549,011 | 427,741 | 451,464 | 579,203 | 698,699 | 896,728 | 945,149 | 814,364 | 851,451 |
| loans | 25,000 | 35,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 17,213 | 18,205 | 22,955 | 23,010 | 20,789 | 21,213 | 13,351 | 12,463 | 13,949 | 11,862 | 12,519 | 13,429 | 16,447 | 15,236 |
| total long term liabilities | 42,213 | 53,205 | 67,955 | 23,010 | 20,789 | 21,213 | 13,351 | 12,463 | 13,949 | 11,862 | 12,519 | 13,429 | 16,447 | 15,236 |
| total liabilities | 1,080,493 | 889,475 | 866,370 | 760,434 | 645,259 | 570,224 | 441,092 | 463,927 | 593,152 | 710,561 | 909,247 | 958,578 | 830,811 | 866,687 |
| net assets | 875,687 | 762,798 | 660,220 | 635,074 | 615,985 | 572,301 | 538,468 | 538,101 | 533,651 | 516,750 | 494,524 | 472,713 | 400,713 | 353,986 |
| total shareholders funds | 875,687 | 762,798 | 660,220 | 635,074 | 615,985 | 572,301 | 538,468 | 538,101 | 533,651 | 516,750 | 494,524 | 472,713 | 400,713 | 353,986 |
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 21,719 | 25,000 | 29,888 | 34,562 | 27,294 | 24,861 | 21,225 | 16,035 | 23,359 | 19,182 | 23,014 | 22,662 | 27,609 | 27,263 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | -20,040 | 56,077 | -10,948 | -7,681 | 18,485 | -19,471 | 37,379 | -16,958 | -16,602 | 12,256 | 33,308 | -6,483 | 15,101 | 54,934 |
| Debtors | 330,037 | 94,055 | 150,749 | 132,052 | 104,964 | 140,633 | -61,043 | -95,992 | -89,610 | -178,850 | -48,138 | 227,676 | 18,212 | 1,011,476 |
| Creditors | 225,417 | 80,350 | 138,014 | -44,118 | -110,271 | 204,141 | 43,908 | -286,516 | -184,821 | -56,229 | 222,589 | 88,345 | -478,117 | 851,451 |
| Accruals and Deferred Income | 7,568 | -134,651 | 57,112 | 69,141 | 21,709 | -9,393 | -47,162 | 200,815 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -992 | -4,750 | -55 | 2,221 | -424 | 7,862 | 888 | -1,486 | 2,087 | -657 | -910 | -3,018 | 1,211 | 15,236 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -192,105 | -251,552 | 41,077 | 402,580 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -10,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -871 | 551 | 222 | 105 | -186 | -267 | 201 | -196 | 385 | -334 | -176 | 414 | -14,896 | 15,055 |
| overdraft | -30,975 | 92,156 | -134,135 | 87,931 | 164,021 | -73,478 | -20,469 | -42,038 | 65,325 | 50,305 | -19,458 | 1,363 | 38,450 | 0 |
| change in cash | 30,104 | -91,605 | 134,357 | -87,826 | -164,207 | 73,211 | 20,670 | 41,842 | -64,940 | -50,639 | 19,282 | -949 | -53,346 | 15,055 |
P&L
November 2022turnover
3.7m
+28%
operating profit
159.6k
0%
gross margin
17.5%
-2.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
875.7k
+0.15%
total assets
2m
+0.18%
cash
7
-0.99%
net assets
Total assets minus all liabilities
top treads limited company details
company number
02550143
Type
Private limited with Share Capital
industry
22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
incorporation date
October 1990
age
34
accounts
Total Exemption Full
ultimate parent company
previous names
modern tyre (holding) company limited (August 1993)
incorporated
UK
address
unit 1 crigglestone ind estate, wakefield, west yorkshire, WF4 3HT
last accounts submitted
November 2022
top treads 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 5 charges/mortgages relating to top treads limited. Currently there are 1 open charges and 4 have been satisfied in the past.
top treads limited Companies House Filings - See Documents
| date | description | view/download |
|---|
