Southern Tyre Wholesalers Limited

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southern tyre wholesalers limited Company Information

Live

MatureSmallHealthy

Company Number

02698127

Website

Registered Address

1349-1353 london road, leigh on sea, essex, SS9 2AB

Industry

Wholesale trade of motor vehicle parts and accessories

Telephone

01702330716

Next Accounts Due

September 2024

Group Structure

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Directors

Roger Gates32 Years

Christopher Wilson26 Years

Shareholders

mr roger franklin gates 60%

christopher paul wilson 40%

southern tyre wholesalers limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of SOUTHERN TYRE WHOLESALERS LIMITED at £1.2m based on a Turnover of £4.6m and 0.26x industry multiple (adjusted for size and gross margin).

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Southern Tyre Wholesalers Limited is a live company located in essex, SS9 2AB with a Companies House number of 02698127. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in March 1992, it's largest shareholder is mr roger franklin gates with a 60% stake. Southern Tyre Wholesalers Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Southern Tyre Wholesalers Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£15.8m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.1%)

EXPORT

Southern Tyre Wholesalers Limited's latest turnover from December 2022 is estimated at £4.6 million and the company has net assets of £7.6 thousand. According to their latest financial statements, Southern Tyre Wholesalers Limited has 19 employees and maintains cash reserves of £611.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,598,831	3,738,733	2,640,533	3,208,957	3,275,505	3,328,033	3,866,835	3,679,311	4,165,890	4,756,519	5,266,086	5,269,134	4,990,327	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,283,696	2,702,133	1,932,221	2,366,020	2,382,140	2,383,108	2,710,420	2,588,496	2,996,065	3,454,944	3,868,916	3,843,162	3,610,736	0
Gross Profit	1,315,135	1,036,600	708,312	842,937	893,365	944,925	1,156,414	1,090,816	1,169,825	1,301,574	1,397,170	1,425,972	1,379,591	0
Admin Expenses	1,405,728	1,038,753	693,641	881,986	895,530	939,540	1,151,934	1,104,801	1,159,753	1,305,369	1,421,601	1,436,271	1,367,671	438
Operating Profit	-90,593	-2,153	14,671	-39,049	-2,165	5,385	4,480	-13,985	10,072	-3,795	-24,431	-10,299	11,920	-438
Interest Payable	5,703	3,756	59	34	36	137	141	33	0	0	0	0	0	0
Interest Receivable	16,818	640	247	2,246	2,201	1,661	858	1,837	1,918	1,619	1,608	2,023	1,537	6,704
Pre-Tax Profit	-79,478	-5,269	14,859	-36,837	0	6,909	5,198	-12,181	11,990	-2,176	-22,823	-8,276	13,457	0
Tax	0	0	-2,823	0	0	-1,313	-1,039	0	-2,518	0	0	0	-3,768	0
Profit After Tax	-79,478	-5,269	12,036	-36,837	0	5,596	4,158	-12,181	9,472	-2,176	-22,823	-8,276	9,689	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-79,478	-5,269	12,036	-36,837	0	5,596	4,158	-12,181	9,472	-2,176	-22,823	-8,276	9,689	0
Employee Costs	651,439	536,018	561,819	542,312	531,016	489,167	533,678	522,844	512,415	573,013	645,758	624,967	623,350	0
Number Of Employees	19	16	17	17	17	16	18	18	18	20	23	23	23	0
EBITDA*	-70,629	24,386	26,296	-23,661	18,223	22,555	20,199	-3,479	24,201	14,066	-14,129	4,196	25,699	11,192

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	61,252	81,216	36,757	48,382	63,770	54,571	50,756	35,754	47,220	57,615	35,668	49,045	47,864	42,575
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	61,252	81,216	36,757	48,382	63,770	54,571	50,756	35,754	47,220	57,615	35,668	49,045	47,864	42,575
Stock & work in progress	329,056	388,633	257,224	224,484	325,668	254,221	223,370	293,080	321,499	283,318	344,842	455,779	350,036	326,308
Trade Debtors	480,003	489,401	330,745	402,837	435,608	575,179	699,183	574,409	658,814	787,258	866,619	835,796	806,829	653,152
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,871	48,697	10,495	10,295	16,955	10,932	4,553	5,666	0	0	0	0	0	0
Cash	611,855	349,195	163,081	331,572	267,406	319,405	344,951	341,354	393,382	373,783	273,661	369,401	439,721	175,192
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,438,785	1,275,926	761,545	969,188	1,045,637	1,159,737	1,272,057	1,214,509	1,373,695	1,444,359	1,485,122	1,660,976	1,596,586	1,154,652
total assets	1,500,037	1,357,142	798,302	1,017,570	1,109,407	1,214,308	1,322,813	1,250,263	1,420,915	1,501,974	1,520,790	1,710,021	1,644,450	1,197,227
Bank overdraft	0	117,897	0	0	0	0	2,060	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,468,080	1,127,182	651,302	866,437	921,348	907,052	1,074,523	1,025,253	1,142,951	1,329,491	1,363,533	1,529,941	1,456,094	1,018,560
Group/Directors Accounts	0	0	2,708	12,708	23,408	23,408	23,737	23,737	38,737	0	0	0	0	0
other short term finances	1,097	1,072	1,235	694	321	731	1,427	1,021	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,392	5,310	4,947	4,585	4,490	0	0	0	0	0
other current liabilities	23,214	23,867	50,664	57,374	45,744	114,289	53,396	43,295	65,973	0	0	0	0	0
total current liabilities	1,492,391	1,270,018	705,909	937,213	992,213	1,050,790	1,160,090	1,097,891	1,252,151	1,329,491	1,363,533	1,529,941	1,456,094	1,018,560
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	1,392	6,193	0	4,211	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	17,402	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	1,392	6,193	0	4,211	17,402	0	0	0	0
total liabilities	1,492,391	1,270,018	705,909	937,213	992,213	1,052,182	1,166,283	1,097,891	1,256,362	1,346,893	1,363,533	1,529,941	1,456,094	1,018,560
net assets	7,646	87,124	92,393	80,357	117,194	162,126	156,530	152,372	164,553	155,081	157,257	180,080	188,356	178,667
total shareholders funds	7,646	87,124	92,393	80,357	117,194	162,126	156,530	152,372	164,553	155,081	157,257	180,080	188,356	178,667

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-90,593	-2,153	14,671	-39,049	-2,165	5,385	4,480	-13,985	10,072	-3,795	-24,431	-10,299	11,920	-438
Depreciation	19,964	26,539	11,625	15,388	20,388	17,170	15,719	10,506	14,129	17,861	10,302	14,495	13,779	11,630
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-2,823	0	0	-1,313	-1,039	0	-2,518	0	0	0	-3,768	0
Stock	-59,577	131,409	32,740	-101,184	71,447	30,851	-69,710	-28,419	38,181	-61,524	-110,937	105,743	23,728	326,308
Debtors	-40,224	196,858	-71,892	-39,431	-133,548	-117,625	123,661	-78,739	-128,444	-79,361	30,823	28,967	153,677	653,152
Creditors	340,898	475,880	-215,135	-54,911	14,296	-167,471	49,270	-117,698	-186,540	-34,042	-166,408	73,847	437,534	1,018,560
Accruals and Deferred Income	-653	-26,797	-6,710	11,630	-68,545	60,893	10,101	-22,678	65,973	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	369,417	145,202	-159,220	73,673	26,075	1,438	24,580	-36,697	-8,621	120,909	-100,423	-56,667	282,060	50,292
Investing Activities
capital expenditure	0	-70,998	0	0	-29,587	-20,985	-30,721	960	-3,734	-39,808	3,075	-15,676	-19,068	-54,205
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-70,998	0	0	-29,587	-20,985	-30,721	960	-3,734	-39,808	3,075	-15,676	-19,068	-54,205
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-2,708	-10,000	-10,700	0	-329	0	-15,000	38,737	0	0	0	0	0
Other Short Term Loans	25	-163	541	373	-410	-696	406	1,021	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-1,392	-5,310	-4,438	6,555	-4,116	8,701	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-17,402	17,402	0	0	0	0
share issue	0	0	0	0	-44,932	0	0	0	0	0	0	0	0	178,667
interest	11,115	-3,116	188	2,212	2,165	1,524	717	1,804	1,918	1,619	1,608	2,023	1,537	6,704
cash flow from financing	11,140	-5,987	-9,271	-9,507	-48,487	-3,939	7,678	-16,291	31,954	19,021	1,608	2,023	1,537	185,371
cash and cash equivalents
cash	262,660	186,114	-168,491	64,166	-51,999	-25,546	3,597	-52,028	19,599	100,122	-95,740	-70,320	264,529	175,192
overdraft	-117,897	117,897	0	0	0	-2,060	2,060	0	0	0	0	0	0	0
change in cash	380,557	68,217	-168,491	64,166	-51,999	-23,486	1,537	-52,028	19,599	100,122	-95,740	-70,320	264,529	175,192

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOUTHERN TYRE WHOLESALERS LIMITED group structure

Southern Tyre Wholesalers Limited has no subsidiary companies.

Ultimate parent company

SOUTHERN TYRE WHOLESALERS LIMITED

02698127

SOUTHERN TYRE WHOLESALERS LIMITED Shareholders

mr roger franklin gates	60%
christopher paul wilson	40%

Southern Tyre Wholesalers Limited currently has 2 directors. The longest serving directors include Mr Roger Gates (Mar 1992) and Mr Christopher Wilson (Jun 1997).

officer	country	age	start	end	role
Mr Roger Gates	United Kingdom	70 years	Mar 1992	-	Director
Mr Christopher Wilson	United Kingdom	63 years	Jun 1997	-	Director

P&L

December 2022

turnover

4.6m

+23%

operating profit

-90.6k

gross margin

28.6%

+3.14%

turnover

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

Balance Sheet

December 2022

net assets

7.6k

-0.91%

total assets

1.5m

+0.11%

cash

611.9k

+0.75%

net assets

Total assets minus all liabilities

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company number

02698127

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

March 1992

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

1349-1353 london road, leigh on sea, essex, SS9 2AB

last accounts submitted

December 2022

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 2 charges/mortgages relating to southern tyre wholesalers limited. Currently there are 2 open charges and 0 have been satisfied in the past.

southern tyre wholesalers limited Company Information

southern tyre wholesalers limited Estimated Valuation

southern tyre wholesalers limited Estimated Valuation

southern tyre wholesalers limited Estimated Valuation

Southern Tyre Wholesalers Limited Overview

Southern Tyre Wholesalers Limited Health Check

SOUTHERN TYRE WHOLESALERS LIMITED financials

southern tyre wholesalers limited Credit Report and Business Information

Southern Tyre Wholesalers Limited Competitor Analysis

southern tyre wholesalers limited Ownership

southern tyre wholesalers limited directors

southern tyre wholesalers limited company details

southern tyre wholesalers limited Charges & Mortgages

southern tyre wholesalers limited Companies House Filings - See Documents