pirelli uk tyres limited

pirelli uk tyres limited Company Information

Share PIRELLI UK TYRES LIMITED
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Company Number

02622111

Industry

Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

 

Shareholders

pirelli tyre spa

Group Structure

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Contact

Registered Address

derby road, burton-on-trent, staffordshire, DE13 0BH

pirelli uk tyres limited Estimated Valuation

£445.4m

Pomanda estimates the enterprise value of PIRELLI UK TYRES LIMITED at £445.4m based on a Turnover of £471.3m and 0.94x industry multiple (adjusted for size and gross margin).

pirelli uk tyres limited Estimated Valuation

£205m

Pomanda estimates the enterprise value of PIRELLI UK TYRES LIMITED at £205m based on an EBITDA of £33.5m and a 6.12x industry multiple (adjusted for size and gross margin).

pirelli uk tyres limited Estimated Valuation

£295.2m

Pomanda estimates the enterprise value of PIRELLI UK TYRES LIMITED at £295.2m based on Net Assets of £180.2m and 1.64x industry multiple (adjusted for liquidity).

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Pirelli Uk Tyres Limited Overview

Pirelli Uk Tyres Limited is a live company located in staffordshire, DE13 0BH with a Companies House number of 02622111. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in June 1991, it's largest shareholder is pirelli tyre spa with a 100% stake. Pirelli Uk Tyres Limited is a mature, mega sized company, Pomanda has estimated its turnover at £471.3m with healthy growth in recent years.

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Pirelli Uk Tyres Limited Health Check

Pomanda's financial health check has awarded Pirelli Uk Tyres Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £471.3m, make it larger than the average company (£54.1m)

£471.3m - Pirelli Uk Tyres Limited

£54.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (8.4%)

13% - Pirelli Uk Tyres Limited

8.4% - Industry AVG

production

Production

with a gross margin of 16.6%, this company has a comparable cost of product (16.6%)

16.6% - Pirelli Uk Tyres Limited

16.6% - Industry AVG

profitability

Profitability

an operating margin of 3% make it more profitable than the average company (2%)

3% - Pirelli Uk Tyres Limited

2% - Industry AVG

employees

Employees

with 1121 employees, this is above the industry average (218)

1121 - Pirelli Uk Tyres Limited

218 - Industry AVG

paystructure

Pay Structure

on an average salary of £68.4k, the company has a higher pay structure (£52.4k)

£68.4k - Pirelli Uk Tyres Limited

£52.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £420.4k, this is more efficient (£353.3k)

£420.4k - Pirelli Uk Tyres Limited

£353.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (85 days)

6 days - Pirelli Uk Tyres Limited

85 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 80 days, this is slower than average (38 days)

80 days - Pirelli Uk Tyres Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 62 days, this is in line with average (62 days)

62 days - Pirelli Uk Tyres Limited

62 days - Industry AVG

cashbalance

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 - Pirelli Uk Tyres Limited

2 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.2%, this is a lower level of debt than the average (57.1%)

51.2% - Pirelli Uk Tyres Limited

57.1% - Industry AVG

PIRELLI UK TYRES LIMITED financials

EXPORTms excel logo

Pirelli Uk Tyres Limited's latest turnover from December 2023 is £471.3 million and the company has net assets of £180.2 million. According to their latest financial statements, Pirelli Uk Tyres Limited has 1,121 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover471,317,000419,307,000369,102,000329,431,000393,317,000397,373,000384,076,000349,802,000320,760,000345,054,000342,527,000329,625,000329,667,000290,435,000265,045,000
Other Income Or Grants000000000000000
Cost Of Sales393,206,000347,416,000303,332,000283,218,000319,026,000320,502,000307,565,000278,139,000267,265,000285,960,000285,575,000273,547,000277,798,000238,113,000216,341,000
Gross Profit78,111,00071,891,00065,770,00046,213,00074,291,00076,871,00076,511,00071,663,00053,495,00059,094,00056,952,00056,078,00051,869,00052,322,00048,704,000
Admin Expenses63,921,00056,503,00057,241,00043,443,00053,820,00058,330,00046,533,00052,448,00043,579,00040,631,00040,406,00036,587,00039,856,00039,965,00041,468,000
Operating Profit14,190,00015,388,0008,529,0002,770,00020,471,00018,541,00029,978,00019,215,0009,916,00018,463,00016,546,00019,491,00012,013,00012,357,0007,236,000
Interest Payable3,162,0004,878,0004,101,0003,620,0001,665,000608,000219,000698,0008,000008,000022,00011,000
Interest Receivable1,658,000877,00038,00032,0003,00017,00039,0003,00090,00062,00040,00084,000124,000135,000200,000
Pre-Tax Profit14,310,00011,558,0003,994,000-1,710,00017,399,00016,171,00027,425,00015,753,0006,913,00017,549,00014,723,00016,787,00010,227,00010,089,00012,974,000
Tax-3,634,000-2,312,000-800,000-977,000-3,019,000-2,821,000-5,626,000-2,956,000-1,326,000-3,725,000-3,850,000-4,557,000-3,123,000-2,800,000-2,172,000
Profit After Tax10,676,0009,246,0003,194,000-2,687,00014,380,00013,350,00021,799,00012,797,0005,587,00013,824,00010,873,00012,230,0007,104,0007,289,00010,802,000
Dividends Paid000000000000000
Retained Profit10,676,0009,246,0003,194,000-2,687,00014,380,00013,350,00021,799,00012,797,0005,587,00013,824,00010,873,00012,230,0007,104,0007,289,00010,802,000
Employee Costs76,719,00069,021,00076,507,00074,358,00072,951,00076,722,00062,272,00063,986,00062,276,00058,995,00054,668,00051,365,00051,186,00047,566,00043,869,000
Number Of Employees1,1211,1251,1881,2661,2751,2601,2531,2161,1951,1611,1391,1161,1101,1241,187
EBITDA*33,499,00031,179,00023,933,00023,500,00037,924,00031,206,00042,619,00032,416,00022,957,00030,369,00027,845,00029,507,00021,794,00021,980,00016,873,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets107,500,000110,464,000131,749,000119,604,000117,968,00095,736,00085,641,00089,354,00089,084,00088,291,00079,384,00075,379,00070,122,00065,628,00068,847,000
Intangible Assets19,014,00018,152,00027,00038,00079,00078,000186,000293,000141,000119,00090,00096,00030,00042,0000
Investments & Other37,674,00041,475,00019,485,00016,100,00031,884,00016,100,00016,100,00016,100,00016,100,000099,00099,00099,00099,00099,000
Debtors (Due After 1 year)3,606,0005,311,00080,111,00094,484,00021,476,00022,970,00024,470,00026,130,00013,719,0001,253,0002,098,0002,136,000000
Total Fixed Assets167,794,000175,402,000231,372,000230,226,000171,407,000134,884,000126,397,000131,877,000119,044,00089,663,00081,671,00077,710,00070,251,00065,769,00068,946,000
Stock & work in progress66,973,00058,873,00051,281,00045,904,00049,948,00053,674,00047,884,00040,188,00038,928,00043,754,00041,226,00040,188,00038,888,00032,025,00031,157,000
Trade Debtors7,787,0006,673,00021,093,00025,706,0006,623,00017,074,00026,959,00027,230,00022,283,00020,147,00026,066,00016,883,00024,323,00031,300,00030,694,000
Group Debtors116,953,00099,183,00097,468,00075,307,00071,508,000105,308,000119,077,000108,115,00063,620,00098,331,00099,070,00099,295,000108,031,00084,837,00076,470,000
Misc Debtors5,100,00084,133,0008,846,00011,064,00024,407,0009,912,0006,286,0006,807,0002,372,0002,234,0003,923,0002,301,0002,878,0003,512,0003,178,000
Cash4,540,0003,586,0002,874,00029,147,00020,906,00015,305,00011,366,0002,467,00023,056,0001,926,0004,538,0008,295,0009,000416,0001,811,000
misc current assets000000000000000
total current assets201,353,000252,448,000181,562,000187,128,000173,392,000201,273,000211,572,000184,807,000150,259,000166,392,000174,823,000166,962,000174,129,000152,090,000143,310,000
total assets369,147,000427,850,000412,934,000417,354,000344,799,000336,157,000337,969,000316,684,000269,303,000256,055,000256,494,000244,672,000244,380,000217,859,000212,256,000
Bank overdraft0000000002,219,00000818,00000
Bank loan000000000000000
Trade Creditors 86,326,00085,365,000100,226,00086,365,00076,037,00072,101,00066,667,00048,273,00033,662,00026,455,00023,289,00032,236,00031,372,00021,770,00018,350,000
Group/Directors Accounts49,170,00041,989,00098,905,00041,379,00033,283,00058,257,00066,301,00056,706,00032,375,00027,519,00043,816,00034,133,00041,792,00028,961,00028,255,000
other short term finances000000000000000
hp & lease commitments4,413,0003,966,0002,841,0001,489,0003,776,0000000000000
other current liabilities24,484,00020,597,00018,531,00024,796,00027,136,00017,732,00020,697,00022,145,00021,208,00022,597,00020,316,00014,085,00014,723,00013,833,00011,798,000
total current liabilities164,393,000151,917,000220,503,000154,029,000140,232,000148,090,000153,665,000127,124,00087,245,00078,790,00087,421,00080,454,00088,705,00064,564,00058,403,000
loans070,000,000070,000,00000000000000
hp & lease commitments14,616,00014,922,00017,442,00011,645,00012,804,0000000000000
Accruals and Deferred Income000001,124,0001,328,0001,487,0001,673,000494,000512,0008,0008,0008,00018,000
other liabilities57,000000070,000000000000
provisions9,860,0007,636,0008,325,0004,934,0004,884,0004,673,0005,039,000100,455,0004,045,0004,775,0005,489,0006,789,0005,959,0007,295,0008,481,000
total long term liabilities24,533,00092,558,00025,767,000126,148,00065,808,00060,002,00083,901,000101,942,00083,918,00075,663,00089,693,00089,105,00081,773,00064,257,00067,124,000
total liabilities188,926,000244,475,000246,270,000280,177,000206,040,000208,092,000237,566,000229,066,000171,163,000154,453,000177,114,000169,559,000170,478,000128,821,000125,527,000
net assets180,221,000183,375,000166,664,000137,177,000138,759,000128,065,000100,403,00087,618,00098,140,000101,602,00079,380,00075,113,00073,902,00089,038,00086,729,000
total shareholders funds180,221,000183,375,000166,664,000137,177,000138,759,000128,065,000100,403,00087,618,00098,140,000101,602,00079,380,00075,113,00073,902,00089,038,00086,729,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit14,190,00015,388,0008,529,0002,770,00020,471,00018,541,00029,978,00019,215,0009,916,00018,463,00016,546,00019,491,00012,013,00012,357,0007,236,000
Depreciation19,288,00015,773,00015,373,00020,689,00017,385,00012,530,00012,495,00013,077,00012,974,00011,842,00011,244,0009,983,0009,753,0009,600,0009,637,000
Amortisation21,00018,00031,00041,00068,000135,000146,000124,00067,00064,00055,00033,00028,00023,0000
Tax-3,634,000-2,312,000-800,000-977,000-3,019,000-2,821,000-5,626,000-2,956,000-1,326,000-3,725,000-3,850,000-4,557,000-3,123,000-2,800,000-2,172,000
Stock8,100,0007,592,0005,377,000-4,044,000-3,726,0005,790,0007,696,0001,260,000-4,826,0002,528,0001,038,0001,300,0006,863,000868,00031,157,000
Debtors-61,854,000-12,218,000957,00082,547,000-31,250,000-21,528,0008,510,00066,288,000-19,971,000-9,192,00010,542,000-14,617,00015,583,0009,307,000110,342,000
Creditors961,000-14,861,00013,861,00010,328,0003,936,0005,434,00018,394,00014,611,0007,207,0003,166,000-8,947,000864,0009,602,0003,420,00018,350,000
Accruals and Deferred Income3,887,0002,066,000-6,265,000-2,340,0008,280,000-3,169,000-1,607,000751,000-210,0002,263,0006,735,000-638,000890,0002,025,00011,816,000
Deferred Taxes & Provisions2,224,000-689,0003,391,00050,000211,000-366,000-95,416,00096,410,000-730,000-714,000-1,300,000830,000-1,336,000-1,186,0008,481,000
Cash flow from operations90,691,00020,009,00027,786,000-47,942,00082,308,00046,022,000-57,842,00073,684,00052,695,00038,023,0008,903,00039,323,0005,381,00013,264,000-88,151,000
Investing Activities
capital expenditure-17,207,000-12,631,000-27,538,000-22,325,000-39,686,000-22,652,000-8,821,000-13,623,000-13,856,000-20,842,000-15,298,000-15,339,000-14,263,000-6,446,000-78,484,000
Change in Investments-3,801,00021,990,0003,385,000-15,784,00015,784,00000016,100,000-99,000000099,000
cash flow from investments-13,406,000-34,621,000-30,923,000-6,541,000-55,470,000-22,652,000-8,821,000-13,623,000-29,956,000-20,743,000-15,298,000-15,339,000-14,263,000-6,446,000-78,583,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts7,181,000-56,916,00057,526,0008,096,000-24,974,000-8,044,0009,595,00024,331,0004,856,000-16,297,0009,683,000-7,659,00012,831,000706,00028,255,000
Other Short Term Loans 000000000000000
Long term loans-70,000,00070,000,000-70,000,00070,000,00000000000000
Hire Purchase and Lease Commitments141,000-1,395,0007,149,000-3,446,00016,580,0000000000000
other long term liabilities57,000000-70,00070,000000000000
share issue-13,830,0007,465,00026,293,0001,105,000-3,686,00014,312,000-9,014,000-23,319,000-9,049,0008,398,000-6,606,000-11,019,000-22,240,000-4,980,00075,927,000
interest-1,504,000-4,001,000-4,063,000-3,588,000-1,662,000-591,000-180,000-695,00082,00062,00040,00076,000124,000113,000189,000
cash flow from financing-77,955,00015,153,00016,905,00072,167,000-13,812,0005,747,000401,000317,000-4,111,000-7,837,0003,117,000-18,602,000-9,285,000-4,161,000104,371,000
cash and cash equivalents
cash954,000712,000-26,273,0008,241,0005,601,0003,939,0008,899,000-20,589,00021,130,000-2,612,000-3,757,0008,286,000-407,000-1,395,0001,811,000
overdraft00000000-2,219,0002,219,0000-818,000818,00000
change in cash954,000712,000-26,273,0008,241,0005,601,0003,939,0008,899,000-20,589,00023,349,000-4,831,000-3,757,0009,104,000-1,225,000-1,395,0001,811,000

pirelli uk tyres limited Credit Report and Business Information

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Pirelli Uk Tyres Limited Competitor Analysis

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Perform a competitor analysis for pirelli uk tyres limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in DE13 area or any other competitors across 12 key performance metrics.

pirelli uk tyres limited Ownership

PIRELLI UK TYRES LIMITED group structure

Pirelli Uk Tyres Limited has 2 subsidiary companies.

Ultimate parent company

CHINA NATIONAL CHEMICAL CORPORATION

#0069662

PIRELLI TYRE SPA

#0051621

2 parents

PIRELLI UK TYRES LIMITED

02622111

2 subsidiaries

PIRELLI UK TYRES LIMITED Shareholders

pirelli tyre spa 100%

pirelli uk tyres limited directors

Pirelli Uk Tyres Limited currently has 4 directors. The longest serving directors include Mr Giuseppe Cangelosi (Apr 2019) and Mr Francesco Perone (Jun 2021).

officercountryagestartendrole
Mr Giuseppe Cangelosi63 years Apr 2019- Director
Mr Francesco Perone42 years Jun 2021- Director
Mr Eduardo Ocione Nogueira45 years Aug 2021- Director
Mr Livio Magni48 years Oct 2022- Director

P&L

December 2023

turnover

471.3m

+12%

operating profit

14.2m

-8%

gross margin

16.6%

-3.34%

turnover

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

Balance Sheet

December 2023

net assets

180.2m

-0.02%

total assets

369.1m

-0.14%

cash

4.5m

+0.27%

net assets

Total assets minus all liabilities

pirelli uk tyres limited company details

company number

02622111

Type

Private limited with Share Capital

industry

22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

incorporation date

June 1991

age

34

incorporated

UK

ultimate parent company

CHINA NATIONAL CHEMICAL CORPORATION

accounts

Full Accounts

last accounts submitted

December 2023

previous names

burginhall 554 limited (September 1991)

accountant

-

auditor

ROSTANCE EDWARDS LIMITED

address

derby road, burton-on-trent, staffordshire, DE13 0BH

Bank

HSBC BANK PLC

Legal Advisor

-

pirelli uk tyres 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 did not find charges/mortgages relating to pirelli uk tyres limited.

pirelli uk tyres 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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pirelli uk tyres limited Companies House Filings - See Documents

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