Pomanda estimates the enterprise value of THANET WASTE SERVICES LIMITED at £13.8m based on a Turnover of £19.3m and 0.72x industry multiple (adjusted for size and gross margin).
thanet waste services limitedEstimated Valuation
£11.3m
Pomanda estimates the enterprise value of THANET WASTE SERVICES LIMITED at £11.3m based on an EBITDA of £2.3m and a 4.97x industry multiple (adjusted for size and gross margin).
thanet waste services limitedEstimated Valuation
£9.6m
Pomanda estimates the enterprise value of THANET WASTE SERVICES LIMITED at £9.6m based on Net Assets of £3.9m and 2.45x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Thanet Waste Services LimitedOverview
Thanet Waste Services Limited is a live company located in kent, TN24 8DH with a Companies House number of 03501825. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in January 1998, it's largest shareholder is
1948 group ltd
with a 100% stake. Thanet Waste Services Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£19.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Thanet Waste Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
4 Regular
4 Weak
Size
annual sales of £19.3m, make it larger than the average company (£13.6m)
£19.3m - Thanet Waste Services Limited
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.6%)
11% - Thanet Waste Services Limited
9.6% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (22.8%)
17.2% - Thanet Waste Services Limited
22.8% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (5.4%)
3.2% - Thanet Waste Services Limited
5.4% - Industry AVG
Employees
with 120 employees, this is above the industry average (45)
120 - Thanet Waste Services Limited
45 - Industry AVG
Pay Structure
on an average salary of £36.2k, the company has an equivalent pay structure (£43.3k)
£36.2k - Thanet Waste Services Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £160.5k, this is less efficient (£271.4k)
£160.5k - Thanet Waste Services Limited
£271.4k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (44 days)
42 days - Thanet Waste Services Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (35 days)
50 days - Thanet Waste Services Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (12 days)
0 days - Thanet Waste Services Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is less cash available to meet short term requirements (11 weeks)
9 weeks - Thanet Waste Services Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.1%, this is a similar level of debt than the average (59.9%)
64.1% - Thanet Waste Services Limited
59.9% - Industry AVG
THANET WASTE SERVICES LIMITED financials
EXPORT
Thanet Waste Services Limited's latest turnover from December 2023 is £19.3 million and the company has net assets of £3.9 million. According to their latest financial statements, Thanet Waste Services Limited has 120 employees and maintains cash reserves of £735.4 thousand 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
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
19,265,099
17,892,070
15,405,044
14,032,343
14,259,307
15,867,567
13,899,288
13,597,777
12,153,052
11,985,136
11,194,062
9,277,052
9,484,176
8,607,016
6,550,450
Other Income Or Grants
Cost Of Sales
15,951,542
15,389,758
12,935,580
11,539,252
12,419,181
12,934,974
11,538,354
11,496,415
9,892,459
9,015,217
9,170,637
7,702,643
8,062,303
6,854,251
5,209,032
Gross Profit
3,313,557
2,502,312
2,469,464
2,493,091
1,840,126
2,932,593
2,360,934
2,101,362
2,260,593
2,969,919
2,023,425
1,574,409
1,421,873
1,752,765
1,341,418
Admin Expenses
2,699,666
2,203,638
1,854,096
1,353,197
1,758,441
1,899,649
1,750,819
1,885,454
1,834,347
1,728,509
1,417,016
1,292,841
1,181,661
1,154,622
1,137,154
Operating Profit
613,891
298,674
615,368
1,139,894
81,685
1,032,944
610,115
215,908
426,246
1,241,410
606,409
281,568
240,212
598,143
204,264
Interest Payable
226,232
157,839
241,085
56,401
87,927
75,979
66,759
76,984
54,093
48,895
60,690
66,694
65,166
61,704
66,615
Interest Receivable
8,903
4,210
4,733
3,176
849
35
630
Pre-Tax Profit
396,562
145,045
379,016
1,086,669
-5,393
956,965
543,356
138,924
372,153
1,192,515
545,719
214,874
175,046
536,474
138,279
Tax
-153,802
68,160
-93,966
-68,948
-5,534
-205,722
-124,051
-52,132
-86,167
-279,900
-151,603
-74,938
-72,127
-186,990
-64,252
Profit After Tax
242,760
213,205
285,050
1,017,721
-10,927
751,243
419,305
86,792
285,986
912,615
394,116
139,936
102,919
349,484
74,027
Dividends Paid
500,000
300,000
300,000
300,000
300,000
300,000
300,000
230,000
Retained Profit
242,760
213,205
285,050
517,721
-10,927
451,243
119,305
-213,208
-14,014
612,615
94,116
-90,064
102,919
349,484
74,027
Employee Costs
4,346,787
3,963,296
3,596,410
3,320,157
3,662,020
3,575,385
3,347,276
3,150,910
2,848,972
2,334,707
2,141,858
2,033,871
1,789,799
1,544,104
1,381,001
Number Of Employees
120
114
106
103
113
113
111
109
101
86
81
81
70
66
60
EBITDA*
2,279,738
2,056,125
2,305,525
2,465,292
1,554,158
2,495,470
1,915,698
1,584,363
1,542,888
2,081,396
1,428,799
1,122,519
1,015,019
1,261,506
898,797
* 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
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
5,448,741
5,650,179
5,738,501
4,381,178
4,685,255
4,777,235
4,239,139
4,498,601
4,933,767
3,139,772
2,486,439
2,534,101
2,801,671
2,089,512
1,959,814
Intangible Assets
287,528
396,380
505,232
614,084
722,936
677,413
778,767
880,121
981,475
1,057,600
1,158,515
1,269,842
1,370,757
1,458,333
1,558,333
Investments & Other
202
202
202
202
202
2
2
2
2
1
1
Debtors (Due After 1 year)
Total Fixed Assets
5,736,471
6,046,761
6,243,935
4,995,464
5,408,393
5,454,650
5,017,908
5,378,724
5,915,244
4,197,373
3,644,955
3,803,943
4,172,428
3,547,845
3,518,147
Stock & work in progress
34,741
44,394
269,504
46,974
30,231
7,834
14,496
18,139
27,345
17,912
17,912
572
20,999
Trade Debtors
2,217,380
2,417,813
1,853,088
1,691,140
1,832,751
1,883,108
1,950,595
1,950,519
1,775,828
1,869,625
1,566,916
1,432,566
1,284,146
1,122,442
755,120
Group Debtors
1,704,138
1,246,105
572,570
70,147
121,095
139,798
Misc Debtors
513,440
522,608
474,126
2,128,158
515,360
305,267
234,564
421,811
258,792
194,947
270,725
148,388
175,509
130,248
133,870
Cash
735,401
272,597
631,618
1,635,159
52,803
394,352
40,256
26,836
208,142
510,273
115,418
88,122
124,441
14,710
25,035
misc current assets
total current assets
5,205,100
4,503,517
3,800,906
5,571,578
2,552,240
2,590,561
2,239,911
2,557,103
2,270,107
2,592,757
1,970,971
1,669,648
1,605,095
1,267,400
914,025
total assets
10,941,571
10,550,278
10,044,841
10,567,042
7,960,633
8,045,211
7,257,819
7,935,827
8,185,351
6,790,130
5,615,926
5,473,591
5,777,523
4,815,245
4,432,172
Bank overdraft
11,530
73,768
53,689
163,315
224,271
90,451
15,128
271,588
297,534
299,488
217,579
444,040
195,100
203,331
209,710
Bank loan
Trade Creditors
2,196,574
2,130,915
1,791,098
1,957,135
1,620,806
1,663,750
1,770,169
1,923,391
1,175,979
1,798,239
1,442,691
1,076,530
1,213,719
967,101
582,960
Group/Directors Accounts
188,595
164,500
7,460
227,296
290,813
193,193
574,146
440,496
795,992
704,052
8,419
32,657
75,081
49,897
other short term finances
hp & lease commitments
1,359,116
1,351,014
1,403,465
1,419,854
965,000
951,913
796,021
936,279
962,401
523,152
578,908
661,041
634,335
387,994
432,801
other current liabilities
477,958
436,281
508,561
372,928
354,166
549,645
465,545
414,476
389,125
452,386
561,909
461,444
481,694
391,708
234,503
total current liabilities
4,233,773
4,156,478
3,764,273
4,140,528
3,455,056
3,448,952
3,621,009
3,986,230
3,621,031
3,777,317
2,809,506
2,643,055
2,557,505
2,025,215
1,509,871
loans
680,000
644,134
600,000
750,000
1,119,564
hp & lease commitments
2,340,647
2,520,541
2,552,354
3,085,699
1,785,359
1,876,376
1,355,769
1,725,899
2,075,074
543,752
378,948
488,168
796,345
318,859
408,900
Accruals and Deferred Income
other liabilities
provisions
439,748
188,616
256,776
154,427
51,551
40,289
52,690
114,652
166,992
132,793
23,819
68,697
104,072
104,489
126,639
total long term liabilities
2,780,395
2,709,157
2,809,130
3,240,126
1,836,910
1,916,665
1,408,459
1,840,551
2,242,066
676,545
1,082,767
1,200,999
1,500,417
1,173,348
1,655,103
total liabilities
7,014,168
6,865,635
6,573,403
7,380,654
5,291,966
5,365,617
5,029,468
5,826,781
5,863,097
4,453,862
3,892,273
3,844,054
4,057,922
3,198,563
3,164,974
net assets
3,927,403
3,684,643
3,471,438
3,186,388
2,668,667
2,679,594
2,228,351
2,109,046
2,322,254
2,336,268
1,723,653
1,629,537
1,719,601
1,616,682
1,267,198
total shareholders funds
3,927,403
3,684,643
3,471,438
3,186,388
2,668,667
2,679,594
2,228,351
2,109,046
2,322,254
2,336,268
1,723,653
1,629,537
1,719,601
1,616,682
1,267,198
Dec 2023
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
613,891
298,674
615,368
1,139,894
81,685
1,032,944
610,115
215,908
426,246
1,241,410
606,409
281,568
240,212
598,143
204,264
Depreciation
1,556,995
1,648,599
1,581,305
1,216,546
1,367,996
1,361,172
1,204,229
1,267,101
1,015,517
739,071
721,476
740,036
674,731
563,363
594,533
Amortisation
108,852
108,852
108,852
108,852
104,477
101,354
101,354
101,354
101,125
100,915
100,914
100,915
100,076
100,000
100,000
Tax
-153,802
68,160
-93,966
-68,948
-5,534
-205,722
-124,051
-52,132
-86,167
-279,900
-151,603
-74,938
-72,127
-186,990
-64,252
Stock
-9,653
-225,110
222,530
16,743
22,397
-6,662
-3,643
-9,206
9,433
17,340
-20,427
20,999
Debtors
248,432
1,286,742
-989,661
1,420,239
280,831
3,216
-326,969
477,508
-29,952
226,931
256,687
121,299
206,965
363,700
888,990
Creditors
65,659
339,817
-166,037
336,329
-42,944
-106,419
-153,222
747,412
-622,260
355,548
366,161
-137,189
246,618
384,141
582,960
Accruals and Deferred Income
41,677
-72,280
135,633
18,762
-195,479
84,100
51,069
25,351
-63,261
-109,523
100,465
-20,250
89,986
157,205
234,503
Deferred Taxes & Provisions
251,132
-68,160
102,349
102,876
11,262
-12,401
-61,962
-52,340
34,199
108,974
-44,878
-35,375
-417
-22,150
126,639
Cash flow from operations
2,245,625
1,262,030
3,050,635
1,417,329
1,018,235
2,258,474
1,958,144
1,784,352
825,918
1,929,564
1,424,917
753,895
1,051,115
1,230,012
889,657
Investing Activities
capital expenditure
-1,355,557
-1,560,277
-2,938,628
-912,469
-1,426,016
-1,899,268
-944,767
-831,935
-2,834,512
-1,392,404
-128,736
-17,584
-141,943
-330,171
-91,381
Change in Investments
200
1
1
cash flow from investments
-1,355,557
-1,560,277
-2,938,628
-912,469
-1,426,216
-1,899,268
-944,767
-831,935
-2,834,513
-1,392,404
-128,737
-17,584
-141,943
-330,171
-91,381
Financing Activities
Bank loans
Group/Directors Accounts
24,095
157,040
-219,836
-63,517
97,620
-380,953
133,650
-355,496
91,940
695,633
8,419
-32,657
-42,424
25,184
49,897
Other Short Term Loans
Long term loans
-680,000
35,866
44,134
-150,000
-369,564
1,119,564
Hire Purchase and Lease Commitments
-171,792
-84,264
-549,734
1,755,194
-77,930
676,499
-510,388
-375,297
1,970,571
109,048
-191,353
-281,471
723,827
-134,848
841,701
other long term liabilities
share issue
1,193,171
interest
-217,329
-153,629
-236,352
-53,225
-87,078
-75,979
-66,759
-76,984
-54,093
-48,895
-60,690
-66,694
-65,166
-61,669
-65,985
cash flow from financing
-365,026
-80,853
-1,005,922
1,638,452
-67,388
219,567
-443,497
-807,777
2,008,418
75,786
-207,758
-336,688
466,237
-540,897
3,138,348
cash and cash equivalents
cash
462,804
-359,021
-1,003,541
1,582,356
-341,549
354,096
13,420
-181,306
-302,131
394,855
27,296
-36,319
109,731
-10,325
25,035
overdraft
-62,238
20,079
-109,626
-60,956
133,820
75,323
-256,460
-25,946
-1,954
81,909
-226,461
248,940
-8,231
-6,379
209,710
change in cash
525,042
-379,100
-893,915
1,643,312
-475,369
278,773
269,880
-155,360
-300,177
312,946
253,757
-285,259
117,962
-3,946
-184,675
thanet waste services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for thanet waste services limited. Get real-time insights into thanet waste services limited's credit score, group structure and payment trends.
Perform a competitor analysis for thanet waste services limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in TN24 area or any other competitors across 12 key performance metrics.
thanet waste services limited Ownership
THANET WASTE SERVICES LIMITED group structure
Thanet Waste Services Limited has 4 subsidiary companies.
The sole shareholder of Thanet Waste Services Limited is 1948 Group Ltd.
1948 group ltd
100%
thanet waste services limited directors
Thanet Waste Services Limited currently has 5 directors.
The longest serving directors include
Mr Leslie Ray (Jan 1998) and
Mrs Lorraine Ray (Aug 2005).
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 thanet waste services limited. Currently there are 1 open charges and 1 have been satisfied in the past.
thanet waste services 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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thanet waste services limitedCompanies House Filings - See Documents
