dunlop aircraft tyres limited

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dunlop aircraft tyres limited Company Information

Share DUNLOP AIRCRAFT TYRES LIMITED

Company Number

03226333

Directors

Adrian Thompson

Sean Brady

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Shareholders

castle mezzanine ltd

Group Structure

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Industry

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

 

Registered Address

40 fort parkway, birmingham, B24 9HL

dunlop aircraft tyres limited Estimated Valuation

£64.4m

Pomanda estimates the enterprise value of DUNLOP AIRCRAFT TYRES LIMITED at £64.4m based on a Turnover of £54.1m and 1.19x industry multiple (adjusted for size and gross margin).

dunlop aircraft tyres limited Estimated Valuation

£54.3m

Pomanda estimates the enterprise value of DUNLOP AIRCRAFT TYRES LIMITED at £54.3m based on an EBITDA of £6.4m and a 8.44x industry multiple (adjusted for size and gross margin).

dunlop aircraft tyres limited Estimated Valuation

£127.3m

Pomanda estimates the enterprise value of DUNLOP AIRCRAFT TYRES LIMITED at £127.3m based on Net Assets of £78.2m and 1.63x industry multiple (adjusted for liquidity).

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Dunlop Aircraft Tyres Limited Overview

Dunlop Aircraft Tyres Limited is a live company located in birmingham, B24 9HL with a Companies House number of 03226333. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in July 1996, it's largest shareholder is castle mezzanine ltd with a 100% stake. Dunlop Aircraft Tyres Limited is a mature, large sized company, Pomanda has estimated its turnover at £54.1m with healthy growth in recent years.

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Dunlop Aircraft Tyres Limited Health Check

Pomanda's financial health check has awarded Dunlop Aircraft Tyres Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £54.1m, make it in line with the average company (£54.1m)

£54.1m - Dunlop Aircraft Tyres Limited

£54.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.4%)

8% - Dunlop Aircraft Tyres Limited

8.4% - Industry AVG

production

Production

with a gross margin of 36.1%, this company has a lower cost of product (16.6%)

36.1% - Dunlop Aircraft Tyres Limited

16.6% - Industry AVG

profitability

Profitability

an operating margin of 6.1% make it more profitable than the average company (2%)

6.1% - Dunlop Aircraft Tyres Limited

2% - Industry AVG

employees

Employees

with 346 employees, this is above the industry average (218)

346 - Dunlop Aircraft Tyres Limited

218 - Industry AVG

paystructure

Pay Structure

on an average salary of £53k, the company has an equivalent pay structure (£52.4k)

£53k - Dunlop Aircraft Tyres Limited

£52.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £156.3k, this is less efficient (£353.3k)

£156.3k - Dunlop Aircraft Tyres Limited

£353.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is earlier than average (85 days)

57 days - Dunlop Aircraft Tyres Limited

85 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 116 days, this is slower than average (38 days)

116 days - Dunlop Aircraft Tyres Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 83 days, this is more than average (62 days)

83 days - Dunlop Aircraft Tyres Limited

62 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is more cash available to meet short term requirements (2 weeks)

3 weeks - Dunlop Aircraft Tyres Limited

2 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 28.1%, this is a lower level of debt than the average (57.1%)

28.1% - Dunlop Aircraft Tyres Limited

57.1% - Industry AVG

DUNLOP AIRCRAFT TYRES LIMITED financials

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Dunlop Aircraft Tyres Limited's latest turnover from December 2023 is £54.1 million and the company has net assets of £78.2 million. According to their latest financial statements, Dunlop Aircraft Tyres Limited has 346 employees and maintains cash reserves of £1.3 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
Turnover54,079,00049,540,00041,394,00042,453,00052,642,00049,626,00053,340,00052,260,00047,298,00040,675,00039,420,00040,047,00035,498,00030,583,00031,329,000
Other Income Or Grants
Cost Of Sales34,547,00034,331,00027,082,00031,641,00034,882,00033,657,00031,569,00031,370,00029,736,00027,503,00023,881,00024,781,00022,223,00018,436,00017,615,000
Gross Profit19,532,00015,209,00014,312,00010,812,00017,760,00015,969,00021,771,00020,890,00017,562,00013,172,00015,539,00015,266,00013,275,00012,147,00013,714,000
Admin Expenses16,221,00017,369,00011,256,00014,810,0001,276,00010,723,0004,634,00013,356,00010,894,0009,568,0008,820,0008,319,0007,672,0006,421,0007,699,000
Operating Profit3,311,000-2,160,0003,056,000-3,998,00016,484,0005,246,00017,137,0007,534,0006,668,0003,604,0006,719,0006,947,0005,603,0005,726,0006,015,000
Interest Payable2,507,000811,000852,000321,0001,063,000164,000108,00010,00015,000190,00019,00021,00030,000113,000146,000
Interest Receivable463,000507,000285,000323,000271,000173,00061,00035,00020,000
Pre-Tax Profit804,000-2,971,0002,204,000-4,319,00015,421,0005,882,00022,142,0003,555,0006,547,0004,638,0006,971,0007,099,0005,634,0005,648,0005,889,000
Tax-785,000198,000-1,033,000563,000-2,342,000-901,000-2,241,000-773,000-1,411,000-856,000-1,430,000-1,681,000-1,204,000-1,494,000-1,708,000
Profit After Tax19,000-2,773,0001,171,000-3,756,00013,079,0004,981,00019,901,0002,782,0005,136,0003,782,0005,541,0005,418,0004,430,0004,154,0004,181,000
Dividends Paid23,467,000
Retained Profit19,000-2,773,0001,171,000-3,756,00013,079,0004,981,000-3,566,0002,782,0005,136,0003,782,0005,541,0005,418,0004,430,0004,154,0004,181,000
Employee Costs18,323,00017,797,00014,423,00016,754,00018,972,00019,355,00019,085,00018,033,00016,185,00014,704,00013,255,00013,269,00012,256,00010,371,00010,516,000
Number Of Employees346316313432446427434411388365350352322306314
EBITDA*6,437,0001,212,0005,864,000-1,248,00018,678,0007,830,00019,712,0009,809,0008,644,0005,411,0008,363,0008,284,0006,668,0006,554,0006,722,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets16,357,00016,989,00017,958,00019,459,00020,500,00020,628,00014,293,00013,730,00012,586,00012,921,00010,047,0008,775,0008,641,0007,439,0005,256,000
Intangible Assets3,609,0004,058,0004,678,0003,834,0003,761,0002,749,0001,531,0001,565,000778,000714,000247,000256,000270,000283,000288,000
Investments & Other7,375,0002,575,0002,575,0002,575,0002,575,0002,575,0002,575,0003,925,0003,925,0002,575,0002,575,0002,575,0001,597,0001,597,0001,597,000
Debtors (Due After 1 year)35,376,00033,388,00030,612,000
Total Fixed Assets27,341,00023,622,00060,587,00059,256,00057,448,00025,952,00018,399,00019,220,00017,289,00016,210,00012,869,00011,606,00010,508,0009,319,0007,141,000
Stock & work in progress7,948,0008,145,0009,329,0009,722,00010,175,0009,126,0009,787,0007,709,0006,274,0005,936,0007,187,0006,037,0005,194,0003,777,0003,467,000
Trade Debtors8,458,0006,393,0005,189,0003,834,0006,345,0006,951,0007,723,0008,597,0007,720,0007,402,0006,027,0005,902,0004,869,0003,451,0003,736,000
Group Debtors60,563,00060,153,00023,980,00018,725,00012,849,00023,847,00017,366,00019,032,00011,965,0008,035,0006,716,0006,188,0002,045,000222,000291,000
Misc Debtors3,045,0001,836,0002,610,0002,570,0002,120,0002,184,0001,761,0001,488,0002,164,0001,950,000735,0001,038,0001,100,000847,000676,000
Cash1,316,0006,162,0004,715,0004,604,0002,776,0001,320,0005,499,0006,240,0006,563,0008,058,0004,986,0007,968,0006,809,0007,336,000
misc current assets
total current assets81,330,00082,689,00045,823,00039,455,00031,489,00044,884,00037,957,00042,325,00034,363,00029,886,00028,723,00024,151,00021,176,00015,106,00015,506,000
total assets108,671,000106,311,000106,410,00098,711,00088,937,00070,836,00056,356,00061,545,00051,652,00046,096,00041,592,00035,757,00031,684,00024,425,00022,647,000
Bank overdraft93,000131,000
Bank loan
Trade Creditors 10,988,0009,381,0005,912,0005,795,0007,159,0006,394,0005,106,0004,598,0003,905,0004,076,0003,978,0004,082,0005,620,0002,454,0002,807,000
Group/Directors Accounts2,426,0005,643,00010,866,0009,083,00010,634,0007,065,00095,00014,00035,0002,114,000
other short term finances3,107,0009,470,0009,344,0003,148,000809,000
hp & lease commitments107,000103,00097,000124,000108,000167,000178,000181,000
other current liabilities3,352,0009,440,0003,844,0002,596,0002,362,0002,682,0004,238,0006,239,0003,987,0003,826,0002,825,0002,459,0001,991,0002,148,0002,070,000
total current liabilities19,873,00033,934,00029,966,00017,567,00020,286,00016,141,0009,344,00014,092,0008,899,0008,013,0006,927,0006,649,0007,778,0004,815,0007,172,000
loans8,957,0006,453,0007,840,0005,025,0001,994,000
hp & lease commitments154,000356,00019,00056,000163,000266,000363,00034,000134,000309,000491,000
Accruals and Deferred Income
other liabilities5,105,0004,100,0002,100,000
provisions5,531,0005,880,0002,872,0002,142,0001,761,000838,000932,000801,000770,000956,000783,0001,096,0001,212,0001,171,0001,008,000
total long term liabilities10,636,0006,034,0007,328,00013,199,0008,214,0008,678,0005,976,0002,851,000933,0001,222,0001,146,0001,130,0001,346,0001,480,0001,499,000
total liabilities30,509,00039,968,00037,294,00030,766,00028,500,00024,819,00015,320,00016,943,0009,832,0009,235,0008,073,0007,779,0009,124,0006,295,0008,671,000
net assets78,162,00066,343,00069,116,00067,945,00060,437,00046,017,00041,036,00044,602,00041,820,00036,861,00033,519,00027,978,00022,560,00018,130,00013,976,000
total shareholders funds78,162,00066,343,00069,116,00067,945,00060,437,00046,017,00041,036,00044,602,00041,820,00036,861,00033,519,00027,978,00022,560,00018,130,00013,976,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,311,000-2,160,0003,056,000-3,998,00016,484,0005,246,00017,137,0007,534,0006,668,0003,604,0006,719,0006,947,0005,603,0005,726,0006,015,000
Depreciation1,879,0001,878,0002,638,0002,412,0001,929,0002,292,0002,290,0002,182,0001,892,0001,773,0001,635,0001,323,0001,052,000816,000695,000
Amortisation1,247,0001,494,000170,000338,000265,000292,000285,00093,00084,00034,0009,00014,00013,00012,00012,000
Tax-785,000198,000-1,033,000563,000-2,342,000-901,000-2,241,000-773,000-1,411,000-856,000-1,430,000-1,681,000-1,204,000-1,494,000-1,708,000
Stock-197,000-1,184,000-393,000-453,0001,049,000-661,0002,078,0001,435,000338,000-1,251,0001,150,000843,0001,417,000310,0003,467,000
Debtors3,684,0001,227,0008,638,0006,591,00018,944,0006,132,000-2,267,0007,268,0004,462,0003,909,000350,0005,114,0003,494,000-183,0004,703,000
Creditors1,607,0003,469,000117,000-1,364,000765,0001,288,000508,000693,000-171,00098,000-104,000-1,538,0003,166,000-353,0002,807,000
Accruals and Deferred Income-6,088,0005,596,0001,248,000234,000-320,000-1,556,000-2,001,0002,252,000161,0001,001,000366,000468,000-157,00078,0002,070,000
Deferred Taxes & Provisions-349,0003,008,000730,000381,000923,000-94,000131,00031,000-186,000173,000-313,000-116,00041,000163,0001,008,000
Cash flow from operations-2,665,00013,440,000-1,319,000-7,572,000-2,289,0001,096,00016,298,0003,309,0002,237,0003,169,0005,382,000-540,0003,603,0004,821,0002,729,000
Investing Activities
capital expenditure-2,045,000-1,783,000-2,151,000-1,782,000-3,078,000-10,137,000-3,104,000-4,206,000-2,917,000-5,043,000-2,906,000-1,461,000-2,254,000-3,006,000-1,247,000
Change in Investments4,800,000-1,350,0001,350,000978,0001,597,000
cash flow from investments-6,845,000-1,783,000-2,151,000-1,782,000-3,078,000-10,137,000-1,754,000-4,206,000-4,267,000-5,043,000-2,906,000-2,439,000-2,254,000-3,006,000-2,844,000
Financing Activities
Bank loans
Group/Directors Accounts-3,217,000-5,223,0001,783,000-1,551,0003,569,0007,065,000-95,00081,00014,000-35,000-2,079,0002,114,000
Other Short Term Loans -6,363,000126,0009,344,000-3,148,0002,339,000809,000
Long term loans-8,957,0002,504,000-1,387,0002,815,0003,031,0001,994,000
Hire Purchase and Lease Commitments-154,000-202,000356,000-19,000-144,000-103,000-97,000-124,000345,000-159,000-186,000-185,000672,000
other long term liabilities5,105,000-4,100,0002,000,0002,100,000
share issue11,800,00011,264,0001,341,000-177,000-440,0009,795,000
interest-2,507,000-811,000-852,000-321,000-1,063,000-164,000355,000497,000270,000133,000252,000152,00031,000-78,000-126,000
cash flow from financing4,664,000-10,210,0003,674,00013,996,0002,460,0009,697,00094,0004,632,000886,000-417,000597,000-7,000-190,000-2,342,00012,455,000
cash and cash equivalents
cash-4,846,0001,447,000111,0004,604,000-2,776,0001,456,000-4,179,000-741,000-323,000-1,495,0003,072,000-2,982,0001,159,000-527,0007,336,000
overdraft-93,000-38,000131,000
change in cash-4,846,0001,447,000204,0004,642,000-2,907,0001,456,000-4,179,000-741,000-323,000-1,495,0003,072,000-2,982,0001,159,000-527,0007,336,000

dunlop aircraft tyres limited Credit Report and Business Information

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High Risk20 - 30
Very High Risk0 - 20
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Dunlop Aircraft Tyres Limited Competitor Analysis

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Perform a competitor analysis for dunlop aircraft tyres limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in B24 area or any other competitors across 12 key performance metrics.

dunlop aircraft tyres limited Ownership

DUNLOP AIRCRAFT TYRES LIMITED group structure

Dunlop Aircraft Tyres Limited has no subsidiary companies.

Ultimate parent company

2 parents

DUNLOP AIRCRAFT TYRES LIMITED

03226333

DUNLOP AIRCRAFT TYRES LIMITED Shareholders

castle mezzanine ltd 100%

dunlop aircraft tyres limited directors

Dunlop Aircraft Tyres Limited currently has 7 directors. The longest serving directors include Mr Adrian Thompson (Jan 2016) and Mr Sean Brady (Oct 2017).

officercountryagestartendrole
Mr Adrian Thompson49 years Jan 2016- Director
Mr Sean Brady59 years Oct 2017- Director
Mrs Sarah Bentzen47 years Mar 2018- Director
Mr Andrew GoodierEngland51 years Mar 2022- Director
Mr Adam Amadeo57 years Mar 2022- Director
Mrs Susan McKenna60 years Jan 2023- Director
Mr Shashank Dhawan54 years Apr 2023- Director

P&L

December 2023

turnover

54.1m

+9%

operating profit

3.3m

-253%

gross margin

36.2%

+17.64%

turnover

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

Balance Sheet

December 2023

net assets

78.2m

+0.18%

total assets

108.7m

+0.02%

cash

1.3m

-0.79%

net assets

Total assets minus all liabilities

dunlop aircraft tyres limited company details

company number

03226333

Type

Private limited with Share Capital

industry

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

incorporation date

July 1996

age

29

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ingleby (917) limited (September 1996)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

40 fort parkway, birmingham, B24 9HL

Bank

ROYAL BANK OF SCOTLAND

Legal Advisor

-

dunlop aircraft 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 found 11 charges/mortgages relating to dunlop aircraft tyres limited. Currently there are 6 open charges and 5 have been satisfied in the past.

dunlop aircraft 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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dunlop aircraft tyres limited Companies House Filings - See Documents

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