Strickland Tracks Limited

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strickland tracks limited Company Information

Live

MatureLargeHigh

Company Number

03477947

Website

www.stricklandtracks.co.uk

Registered Address

bay 2 / unit 5 the heath works, main road cropthorne, pershore, worcestershire, WR10 3NE

Industry

Other personal service activities n.e.c.

Telephone

01386862800

Next Accounts Due

September 2025

Group Structure

View All

Directors

Christopher Hopcroft14 Years

Matthew Corbett4 Years

Shareholders

knockturn limited 100%

strickland tracks limited Estimated Valuation

£103.2m

Pomanda estimates the enterprise value of STRICKLAND TRACKS LIMITED at £103.2m based on a Turnover of £94m and 1.1x industry multiple (adjusted for size and gross margin).

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Strickland Tracks Limited is a live company located in pershore, WR10 3NE with a Companies House number of 03477947. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in December 1997, it's largest shareholder is knockturn limited with a 100% stake. Strickland Tracks Limited is a mature, large sized company, Pomanda has estimated its turnover at £94m with high growth in recent years.

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Pomanda's financial health check has awarded Strickland Tracks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

0 Regular

7 Weak

Size

annual sales of £94m, make it larger than the average company (£996.4k)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7%)

EXPORT

Strickland Tracks Limited's latest turnover from December 2023 is £94 million and the company has net assets of £20.3 million. According to their latest financial statements, Strickland Tracks Limited has 71 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	93,954,224	98,044,100	78,603,965	50,915,605	66,277,917	68,321,026	55,399,324	41,557,668	44,936,769	43,611,690	66,906,872	51,062,642	35,600,879	20,228,196	11,519,688
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	79,131,066	85,954,825	69,593,471	42,855,283	59,509,122	61,635,348	49,610,343	37,375,700	40,838,841	38,712,435	61,772,588	46,746,980	33,343,574	19,159,539	11,399,475
Gross Profit	14,823,158	12,089,275	9,010,494	8,060,322	6,768,795	6,685,678	5,788,981	4,181,968	4,097,928	4,899,255	5,134,284	4,315,662	2,257,305	1,068,657	120,213
Admin Expenses	3,034,750	1,982,995	1,558,858	1,244,022	1,659,517	1,809,410	1,315,147	1,328,108	1,336,513	1,208,796	1,186,641	893,596	582,706	420,549	325,768
Operating Profit	11,788,408	10,106,280	7,451,636	6,816,300	5,109,278	4,876,268	4,473,834	2,853,860	2,761,415	3,690,459	3,947,643	3,422,066	1,674,599	648,108	-205,555
Interest Payable	60,092	67,230	0	0	0	0	0	0	5,986	9,594	103,535	146,068	84,173	18,112	108,580
Interest Receivable	0	0	0	0	0	3,898	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	11,853,507	10,039,050	7,451,636	6,816,300	5,109,278	4,880,166	4,479,592	2,868,336	2,755,429	3,702,386	3,628,578	2,550,948	1,590,704	629,996	-334,098
Tax	-1,810,837	-860,836	-274,358	-750,354	-476,935	-254,945	-397,626	-384,551	-368,465	-469,266	-467,906	-603,967	-266,693	-56,747	169,033
Profit After Tax	10,042,670	9,178,214	7,177,278	6,065,946	4,632,343	4,625,221	4,081,966	2,483,785	2,386,964	3,233,120	3,160,672	1,946,981	1,324,011	573,249	-165,065
Dividends Paid	16,000,000	4,500,000	5,000,000	0	14,000,000	0	0	0	0	2,536,023	1,257,034	0	0	0	0
Retained Profit	-5,957,330	4,678,214	2,177,278	6,065,946	-9,367,657	4,625,221	4,081,966	2,483,785	2,386,964	697,097	1,903,638	1,946,981	1,324,011	573,249	-165,065
Employee Costs	3,980,410	2,846,952	2,231,553	1,913,033	2,552,192	2,707,479	1,933,919	1,743,203	1,975,569	1,684,317	2,210,400	1,499,491	1,088,739	711,825	672,789
Number Of Employees	71	62	61	63	69	71	60	56	65	60	54	49	38	28	26
EBITDA*	11,972,268	10,212,829	7,545,199	6,901,157	5,195,022	4,960,716	4,558,585	2,913,072	2,809,567	3,731,659	3,995,844	3,447,977	1,705,387	693,425	-156,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	1,171,710	508,375	337,948	301,135	319,228	395,685	381,986	265,230	123,766	128,102	109,140	29,826	55,737	86,525	131,842
Intangible Assets	43,962	47,102	35,318	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	669,603	1,627,787	1,599,287
Total Fixed Assets	1,215,672	555,477	373,266	301,135	319,228	395,685	381,986	265,230	123,766	128,102	109,140	29,826	725,340	1,714,312	1,731,129
Stock & work in progress	21,428,333	18,833,888	16,911,021	11,025,901	13,789,165	11,565,258	8,843,334	6,253,862	6,322,516	6,481,107	8,266,870	8,147,525	5,462,901	4,199,289	3,840,243
Trade Debtors	14,218,580	15,363,077	15,168,010	8,673,607	9,088,649	13,852,336	10,492,726	8,489,339	8,395,159	8,821,675	8,392,425	14,518,734	9,769,888	7,607,957	2,353,833
Group Debtors	654,577	2,253,393	1,974,084	1,365,083	2,340,735	3,724,570	1,554,385	5,680,310	354,639	409,095	430,167	467,106	53,476	26,127	0
Misc Debtors	1,584,460	843,034	541,880	1,331,374	2,198,480	1,667,067	574,556	3,077,062	3,159,361	2,459,915	414,740	427,349	60,142	136,631	358,266
Cash	5,149,667	6,296,223	5,457,186	5,013,039	1,948,051	2,291,385	4,671,439	5,413,347	4,096,830	4,045,991	1,148,665	810,386	975,204	822,154	203,846
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	43,035,617	43,589,615	40,052,181	27,409,004	29,365,080	33,100,616	26,136,440	28,913,920	22,328,505	22,217,783	18,652,867	24,371,100	16,321,611	12,792,158	6,756,188
total assets	44,251,289	44,145,092	40,425,447	27,710,139	29,684,308	33,496,301	26,518,426	29,179,150	22,452,271	22,345,885	18,762,007	24,400,926	17,046,951	14,506,470	8,487,317
Bank overdraft	517,369	1,265,807	4,095,242	0	0	0	0	0	0	0	0	0	0	145,590	196,323
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	206,227	334,035	357,020	252,255	5,772,363	5,268,609	4,953,513	3,193,129	3,518,493	3,750,752	4,406,899	7,956,926	4,741,734	5,681,838	3,247,526
Group/Directors Accounts	20,533,248	14,666,204	12,742,362	6,327,419	0	0	0	0	1,561,384	3,696,828	1,319,908	675,008	149,960	1,137,306	772,049
other short term finances	0	0	0	0	0	0	0	0	0	0	0	5,962,169	5,611,568	2,502,854	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,547,941	1,572,264	1,637,977	1,728,386	10,567,379	5,533,175	3,534,029	12,037,103	5,888,231	5,486,859	4,325,957	2,015,611	1,523,283	679,691	548,064
total current liabilities	23,804,785	17,838,310	18,832,601	8,308,060	16,339,742	10,801,784	8,487,542	15,230,232	10,968,108	12,934,439	10,052,764	16,609,714	12,026,545	10,147,279	4,763,962
loans	0	0	0	0	0	0	0	0	0	0	0	999,065	175,240	838,036	775,449
hp & lease commitments	0	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	0
other liabilities	0	0	0	66	0	0	0	0	0	0	0	0	0	0	0
provisions	193,949	96,897	61,175	47,620	112,236	76,824	0	0	19,030	18,564	13,458	0	0	0	0
total long term liabilities	193,949	96,897	61,175	47,686	56,118	38,412	0	0	19,030	18,564	13,458	999,065	175,240	838,036	775,449
total liabilities	23,998,734	17,935,207	18,893,776	8,355,746	16,395,860	10,840,196	8,487,542	15,230,232	10,987,138	12,953,003	10,066,222	17,608,779	12,201,785	10,985,315	5,539,411
net assets	20,252,555	26,209,885	21,531,671	19,354,393	13,288,448	22,656,105	18,030,884	13,948,918	11,465,133	9,392,882	8,695,785	6,792,147	4,845,166	3,521,155	2,947,906
total shareholders funds	20,252,555	26,209,885	21,531,671	19,354,393	13,288,448	22,656,105	18,030,884	13,948,918	11,465,133	9,392,882	8,695,785	6,792,147	4,845,166	3,521,155	2,947,906

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	11,788,408	10,106,280	7,451,636	6,816,300	5,109,278	4,876,268	4,473,834	2,853,860	2,761,415	3,690,459	3,947,643	3,422,066	1,674,599	648,108	-205,555
Depreciation	180,720	106,549	93,563	84,857	85,744	84,448	84,751	59,212	48,152	41,200	48,201	25,911	30,788	45,317	48,601
Amortisation	3,140	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,810,837	-860,836	-274,358	-750,354	-476,935	-254,945	-397,626	-384,551	-368,465	-469,266	-467,906	-603,967	-266,693	-56,747	169,033
Stock	2,594,445	1,922,867	5,885,120	-2,763,264	2,223,907	2,721,924	2,589,472	-68,654	-158,591	-1,785,763	119,345	2,684,624	1,263,612	359,046	3,840,243
Debtors	-2,001,887	775,530	6,313,910	-2,257,800	-5,616,109	6,622,306	-4,625,044	5,337,552	218,474	2,453,353	-6,175,857	4,860,080	1,154,607	5,087,116	4,311,386
Creditors	-127,808	-22,985	104,765	-5,520,108	503,754	315,096	1,760,384	-325,364	-232,259	-656,147	-3,550,027	3,215,192	-940,104	2,434,312	3,247,526
Accruals and Deferred Income	975,677	-65,713	-90,409	-8,838,993	5,034,204	1,999,146	-8,503,074	6,148,872	401,372	1,160,902	2,310,346	492,328	843,592	131,627	548,064
Deferred Taxes & Provisions	97,052	35,722	13,555	-64,616	35,412	76,824	0	-19,030	466	5,106	13,458	0	0	0	0
Cash flow from operations	10,513,794	6,600,620	-4,900,278	-3,251,850	13,683,659	-2,247,393	-546,159	3,064,101	2,550,798	3,104,664	8,358,227	-993,174	-1,076,037	-2,243,545	-4,343,960
Investing Activities
capital expenditure	-844,055	-288,760	-165,694	-66,764	-9,287	-98,147	-201,507	-200,676	-43,816	-60,162	-127,515	0	0	0	-180,443
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-844,055	-288,760	-165,694	-66,764	-9,287	-98,147	-201,507	-200,676	-43,816	-60,162	-127,515	0	0	0	-180,443
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	5,867,044	1,923,842	6,414,943	6,327,419	0	0	0	-1,561,384	-2,135,444	2,376,920	644,900	525,048	-987,346	365,257	772,049
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	-5,962,169	350,601	3,108,714	2,502,854	0
Long term loans	0	0	0	0	0	0	0	0	0	0	-999,065	823,825	-662,796	62,587	775,449
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-66	66	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	-1	0	0	0	0	-314,713	0	0	0	0	0	3,112,971
interest	-60,092	-67,230	0	0	0	3,898	0	0	-5,986	-9,594	-103,535	-146,068	-84,173	-18,112	-108,580
cash flow from financing	5,806,952	1,856,612	6,414,877	6,327,484	0	3,898	0	-1,561,384	-2,456,143	2,367,326	-6,419,869	1,553,406	1,374,399	2,912,586	4,551,889
cash and cash equivalents
cash	-1,146,556	839,037	444,147	3,064,988	-343,334	-2,380,054	-741,908	1,316,517	50,839	2,897,326	338,279	-164,818	153,050	618,308	203,846
overdraft	-748,438	-2,829,435	4,095,242	0	0	0	0	0	0	0	0	0	-145,590	-50,733	196,323
change in cash	-398,118	3,668,472	-3,651,095	3,064,988	-343,334	-2,380,054	-741,908	1,316,517	50,839	2,897,326	338,279	-164,818	298,640	669,041	7,523

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STRICKLAND TRACKS LIMITED group structure

Strickland Tracks Limited has no subsidiary companies.

Ultimate parent company

KNOCKTURN LTD

#0090170

1 parent

STRICKLAND TRACKS LIMITED

03477947

STRICKLAND TRACKS LIMITED Shareholders

knockturn limited

100%

Strickland Tracks Limited currently has 2 directors. The longest serving directors include Mr Christopher Hopcroft (Nov 2009) and Mr Matthew Corbett (Jan 2020).

officer	country	age	start	end	role
Mr Christopher Hopcroft		47 years	Nov 2009	-	Director
Mr Matthew Corbett		51 years	Jan 2020	-	Director

P&L

December 2023

turnover

94m

-4%

operating profit

11.8m

+17%

gross margin

15.8%

+27.95%

turnover

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

Balance Sheet

December 2023

net assets

20.3m

-0.23%

total assets

44.3m

cash

5.1m

-0.18%

net assets

Total assets minus all liabilities

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company number

03477947

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

December 1997

accounts

Full Accounts

ultimate parent company

KNOCKTURN LTD

previous names

crawler track systems limited (March 2002)

strickland crawler track systems ltd. (January 2000)

last accounts submitted

December 2023

address

bay 2 / unit 5 the heath works, main road cropthorne, pershore, worcestershire, WR10 3NE

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 strickland tracks limited. Currently there are 0 open charges and 5 have been satisfied in the past.

strickland tracks limited Company Information

strickland tracks limited Estimated Valuation

strickland tracks limited Estimated Valuation

strickland tracks limited Estimated Valuation

Strickland Tracks Limited Overview

Strickland Tracks Limited Health Check

STRICKLAND TRACKS LIMITED financials

strickland tracks limited Credit Report and Business Information

Strickland Tracks Limited Competitor Analysis

strickland tracks limited Ownership

strickland tracks limited directors

strickland tracks limited company details

strickland tracks limited Charges & Mortgages

strickland tracks limited Companies House Filings - See Documents