Tyreworld Limited

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tyreworld limited Company Information

Live

MatureSmallLow

Company Number

03523558

Website

www.tyreworlduk.com

Registered Address

raynor house 6 raynor road, fallings park, wolverhampton, west midlands, WV10 9QY

Industry

Retail trade of motor vehicle parts and accessories

Telephone

01514241448

Next Accounts Due

December 2024

Group Structure

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Directors

Clive Brampton26 Years

Stephen Brampton26 Years

Shareholders

stephen charles brampton 50%

clive peter brampton 50%

tyreworld limited Estimated Valuation

£345k

Pomanda estimates the enterprise value of TYREWORLD LIMITED at £345k based on Net Assets of £121.7k and 2.84x industry multiple (adjusted for liquidity).

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Tyreworld Limited is a live company located in wolverhampton, WV10 9QY with a Companies House number of 03523558. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in March 1998, it's largest shareholder is stephen charles brampton with a 50% stake. Tyreworld Limited is a mature, small sized company, Pomanda has estimated its turnover at £559.6k with low growth in recent years.

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

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £559.6k, make it smaller than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.9%)

EXPORT

Tyreworld Limited's latest turnover from March 2023 is estimated at £559.6 thousand and the company has net assets of £121.7 thousand. According to their latest financial statements, Tyreworld Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	559,634	520,393	498,030	549,106	493,146	515,504	100,352	98,200	267,012	241,598	230,511	203,504	185,607	261,914
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	469,892	422,751	408,645	441,913	387,447	411,061	80,344	80,374	218,700	206,850	182,087	159,963	145,265	204,283
Gross Profit	89,742	97,641	89,385	107,193	105,699	104,443	20,008	17,825	48,312	34,748	48,425	43,541	40,343	57,632
Admin Expenses	79,898	34,687	47,108	108,337	70,285	105,245	53,539	1,979	34,581	34,975	42,592	66,503	45,384	9,682
Operating Profit	9,844	62,954	42,277	-1,144	35,414	-802	-33,531	15,846	13,731	-227	5,833	-22,962	-5,041	47,950
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	36	62	161	169	203	146	120	174	94
Pre-Tax Profit	9,844	62,954	42,277	-1,144	35,414	-766	-33,469	16,006	13,900	-24	5,979	-22,842	-4,867	48,044
Tax	-1,870	-11,961	-8,033	0	-6,729	0	0	-3,201	-2,919	0	-1,435	0	0	-13,452
Profit After Tax	7,974	50,993	34,244	-1,144	28,685	-766	-33,469	12,805	10,981	-24	4,544	-22,842	-4,867	34,592
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,974	50,993	34,244	-1,144	28,685	-766	-33,469	12,805	10,981	-24	4,544	-22,842	-4,867	34,592
Employee Costs	165,337	157,991	150,163	161,811	156,250	74,037	23,404	24,498	49,411	24,749	23,331	23,152	23,338	45,431
Number Of Employees	6	6	6	6	6	3	1	1	2	1	1	1	1	2
EBITDA*	9,844	62,954	42,277	-1,144	35,414	-802	-31,400	18,242	14,891	944	7,660	-18,503	45	54,698

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	15,963	13,446	9,859	11,598	10,937	11,637	9,216	9,764	5,827	5,637	6,808	8,635	13,094	18,180
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	15,963	13,446	9,859	11,598	10,937	11,637	9,216	9,764	5,827	5,637	6,808	8,635	13,094	18,180
Stock & work in progress	0	0	0	0	0	0	51,271	68,370	72,140	64,238	68,154	64,250	49,553	66,540
Trade Debtors	188,554	188,911	168,715	157,781	141,782	131,334	8,167	9,098	39,896	29,874	26,121	30,500	31,953	36,187
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	13,095	23,992	0	0	0	0	0	0
Cash	0	0	0	0	0	0	14,213	35,176	29,099	38,611	42,459	15,953	31,907	37,742
misc current assets	0	0	0	0	0	0	1,146	0	0	0	0	0	0	0
total current assets	188,554	188,911	168,715	157,781	141,782	131,334	87,892	136,636	141,135	132,723	136,734	110,703	113,413	140,469
total assets	204,517	202,357	178,574	169,379	152,719	142,971	97,108	146,400	146,962	138,360	143,542	119,338	126,507	158,649
Bank overdraft	0	0	0	0	0	0	0	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	79,778	86,027	114,116	138,680	121,002	140,086	51,499	35,587	122,947	125,482	130,548	110,698	94,305	119,129
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	41,484	73,109	0	0	0	0	0	0
total current liabilities	79,778	86,027	114,116	138,680	121,002	140,086	92,983	108,696	122,947	125,482	130,548	110,698	94,305	119,129
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	3,033	2,598	1,719	2,204	2,078	1,931	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	1,405	1,515	631	475	567	757	1,477	3,928
total long term liabilities	3,033	2,598	1,719	2,204	2,078	1,931	1,405	1,515	631	475	567	757	1,477	3,928
total liabilities	82,811	88,625	115,835	140,884	123,080	142,017	94,388	110,211	123,578	125,957	131,115	111,455	95,782	123,057
net assets	121,706	113,732	62,739	28,495	29,639	954	2,720	36,189	23,384	12,403	12,427	7,883	30,725	35,592
total shareholders funds	121,706	113,732	62,739	28,495	29,639	954	2,720	36,189	23,384	12,403	12,427	7,883	30,725	35,592

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	9,844	62,954	42,277	-1,144	35,414	-802	-33,531	15,846	13,731	-227	5,833	-22,962	-5,041	47,950
Depreciation	0	0	0	0	0	0	2,131	2,396	1,160	1,171	1,827	4,459	5,086	6,748
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,870	-11,961	-8,033	0	-6,729	0	0	-3,201	-2,919	0	-1,435	0	0	-13,452
Stock	0	0	0	0	0	-51,271	-17,099	-3,770	7,902	-3,916	3,904	14,697	-16,987	66,540
Debtors	-357	20,196	10,934	15,999	10,448	110,072	-11,828	-6,806	10,022	3,753	-4,379	-1,453	-4,234	36,187
Creditors	-6,249	-28,089	-24,564	17,678	-19,084	88,587	15,912	-87,360	-2,535	-5,066	19,850	16,393	-24,824	119,129
Accruals and Deferred Income	435	879	-485	126	147	-39,553	-31,625	73,109	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-1,405	-110	884	156	-92	-190	-720	-2,451	3,928
Cash flow from operations	2,517	3,587	-1,739	661	-700	-11,974	-18,296	12,250	-8,331	-4,051	26,360	-16,074	-6,009	61,576
Investing Activities
capital expenditure	-2,517	-3,587	1,739	-661	700	-2,421	-1,583	-6,333	-1,350	0	0	0	0	-24,928
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,517	-3,587	1,739	-661	700	-2,421	-1,583	-6,333	-1,350	0	0	0	0	-24,928
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-1,000	0	0	0	0	0	0	0	1,000
interest	0	0	0	0	0	36	62	161	169	203	146	120	174	94
cash flow from financing	0	0	0	0	0	-964	62	161	169	203	146	120	174	1,094
cash and cash equivalents
cash	0	0	0	0	0	-14,213	-20,963	6,077	-9,512	-3,848	26,506	-15,954	-5,835	37,742
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-14,213	-20,963	6,077	-9,512	-3,848	26,506	-15,954	-5,835	37,742

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for tyreworld limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WV10 area or any other competitors across 12 key performance metrics.

TYREWORLD LIMITED group structure

Tyreworld Limited has no subsidiary companies.

Ultimate parent company

TYREWORLD LIMITED

03523558

TYREWORLD LIMITED Shareholders

stephen charles brampton	50%
clive peter brampton	50%

Tyreworld Limited currently has 2 directors. The longest serving directors include Mr Clive Brampton (Mar 1998) and Mr Stephen Brampton (Mar 1998).

officer	country	age	start	end	role
Mr Clive Brampton	England	64 years	Mar 1998	-	Director
Mr Stephen Brampton	England	64 years	Mar 1998	-	Director

P&L

March 2023

turnover

559.6k

+8%

operating profit

9.8k

gross margin

16.1%

-14.53%

turnover

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

Balance Sheet

March 2023

net assets

121.7k

+0.07%

total assets

204.5k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

03523558

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

March 1998

ultimate parent company

None

previous names

tenorways limited (April 1998)

address

raynor house 6 raynor road, fallings park, wolverhampton, west midlands, WV10 9QY

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tyreworld limited Company Information

tyreworld limited Estimated Valuation

tyreworld limited Estimated Valuation

tyreworld limited Estimated Valuation

Tyreworld Limited Overview

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TYREWORLD LIMITED financials

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tyreworld limited Ownership

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