truckwright limited

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truckwright limited Company Information

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Company Number

04331367

Registered Address

geddington road, corby, northants, NN18 8AA

Industry

Freight transport by road

 

Telephone

01536406088

Next Accounts Due

September 2024

Group Structure

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Directors

Akio Hayakawa5 Years

Tomoori Ito1 Years

Shareholders

sansetsu (uk) limited 100%

truckwright limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of TRUCKWRIGHT LIMITED at £1m based on a Turnover of £3.1m and 0.33x industry multiple (adjusted for size and gross margin).

truckwright limited Estimated Valuation

£230.7k

Pomanda estimates the enterprise value of TRUCKWRIGHT LIMITED at £230.7k based on an EBITDA of £59.6k and a 3.87x industry multiple (adjusted for size and gross margin).

truckwright limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of TRUCKWRIGHT LIMITED at £1.4m based on Net Assets of £568.7k and 2.42x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Truckwright Limited Overview

Truckwright Limited is a live company located in northants, NN18 8AA with a Companies House number of 04331367. It operates in the freight transport by road sector, SIC Code 49410. Founded in November 2001, it's largest shareholder is sansetsu (uk) limited with a 100% stake. Truckwright Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.

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Truckwright Limited Health Check

Pomanda's financial health check has awarded Truckwright Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

5 Weak

size

Size

annual sales of £3.1m, make it smaller than the average company (£10.8m)

£3.1m - Truckwright Limited

£10.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.4%)

-4% - Truckwright Limited

6.4% - Industry AVG

production

Production

with a gross margin of 21.2%, this company has a comparable cost of product (21.2%)

21.2% - Truckwright Limited

21.2% - Industry AVG

profitability

Profitability

an operating margin of -0.4% make it less profitable than the average company (5.5%)

-0.4% - Truckwright Limited

5.5% - Industry AVG

employees

Employees

with 27 employees, this is below the industry average (67)

27 - Truckwright Limited

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.8k, the company has an equivalent pay structure (£38.8k)

£38.8k - Truckwright Limited

£38.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £114.8k, this is equally as efficient (£132.4k)

£114.8k - Truckwright Limited

£132.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 64 days, this is near the average (56 days)

64 days - Truckwright Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 34 days, this is close to average (32 days)

34 days - Truckwright Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Truckwright Limited

- - Industry AVG

cashbalance

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 - Truckwright Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.2%, this is a lower level of debt than the average (63.2%)

49.2% - Truckwright Limited

63.2% - Industry AVG

truckwright limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Truckwright Limited Competitor Analysis

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Perform a competitor analysis for truckwright limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

truckwright limited Ownership

TRUCKWRIGHT LIMITED group structure

Truckwright Limited has no subsidiary companies.

Ultimate parent company

1 parent

TRUCKWRIGHT LIMITED

04331367

TRUCKWRIGHT LIMITED Shareholders

sansetsu (uk) limited 100%

truckwright limited directors

Truckwright Limited currently has 2 directors. The longest serving directors include Mr Akio Hayakawa (Jun 2018) and Mr Tomoori Ito (Mar 2023).

officercountryagestartendrole
Mr Akio HayakawaUnited Kingdom48 years Jun 2018- Director
Mr Tomoori Ito44 years Mar 2023- Director

TRUCKWRIGHT LIMITED financials

EXPORTms excel logo

Truckwright Limited's latest turnover from December 2022 is estimated at £3.1 million and the company has net assets of £568.7 thousand. According to their latest financial statements, Truckwright Limited has 27 employees and maintains cash reserves of £86.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover3,099,4103,949,6443,456,3923,526,8843,394,9212,425,8352,613,3132,656,6063,025,2203,946,8993,184,4473,209,9532,604,3772,153,353
Other Income Or Grants00000000000000
Cost Of Sales2,442,1833,133,0742,777,8502,840,8932,750,2041,937,2422,074,5602,138,4422,453,2073,235,7952,607,0102,612,8282,076,0421,714,039
Gross Profit657,226816,570678,542685,991644,717488,593538,752518,164572,013711,104577,437597,125528,335439,315
Admin Expenses668,530641,507615,502615,148674,865471,689514,095444,554437,042644,129574,562659,940489,714171,283
Operating Profit-11,304175,06363,04070,843-30,14816,90424,65773,610134,97166,9752,875-62,81538,621268,032
Interest Payable00004,7168,8768,5464,3465,49011,9789,1115,7706,9813,833
Interest Receivable4,1193441199681,209977418718496279167137178103
Pre-Tax Profit-7,185175,40763,15971,811-33,6559,00516,53069,981129,97755,275-6,068-68,44831,818264,301
Tax0-33,327-12,000-13,6440-1,711-3,306-13,996-27,295-12,71300-8,909-74,004
Profit After Tax-7,185142,08051,15958,167-33,6557,29413,22455,985102,68242,562-6,068-68,44822,909190,297
Dividends Paid00000000000000
Retained Profit-7,185142,08051,15958,167-33,6557,29413,22455,985102,68242,562-6,068-68,44822,909190,297
Employee Costs1,048,1421,077,6591,031,7961,126,0201,036,856679,022888,308912,978816,7501,042,788857,071864,898704,461598,014
Number Of Employees2730303331212829273529302521
EBITDA*59,605297,809241,636286,776150,289147,127114,777165,102234,580152,03673,8927,006120,376334,114

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets203,276203,059370,173558,493714,488632,834561,965431,281446,307392,615393,450300,923726,110581,422
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)000000026091,067164,307206,237000
Total Fixed Assets203,276203,059370,173558,493714,488632,834561,965431,541537,374556,922599,687300,923726,110581,422
Stock & work in progress00000000000000
Trade Debtors551,471861,121582,011648,260685,175499,205484,900490,595357,584453,738327,336492,355282,439228,771
Group Debtors116,6050005,61207,3330000000
Misc Debtors160,609142,219122,096134,907130,45312,2585,9416,551000000
Cash86,410148,939126,283112,670145,544213,889176,848157,762129,27969,21342,24724,55730,17341,191
misc current assets00000000000000
total current assets915,0951,152,279830,390895,837966,784725,352675,022654,908486,863522,951369,583516,912312,612269,962
total assets1,118,3711,355,3381,200,5631,454,3301,681,2721,358,1861,236,9871,086,4491,024,2371,079,873969,270817,8351,038,722851,384
Bank overdraft0000033,70229,883133,729000000
Bank loan00000000000000
Trade Creditors 227,559272,335315,582250,933221,443183,028188,203176,722518,837684,637591,597450,232499,717380,618
Group/Directors Accounts035,17830,58932,10001,64900000000
other short term finances00000000000000
hp & lease commitments30,11676,21958,024110,715171,978153,219028,762000000
other current liabilities235,959340,958212,642440,280632,679263,806306,136288,816000000
total current liabilities493,634724,690616,837834,0281,026,100635,404524,222628,029518,837684,637591,597450,232499,717380,618
loans0000099,673109,84800168,913199,64880,67596,848117,951
hp & lease commitments5,30034,365115,905179,526255,457166,533046,820000000
Accruals and Deferred Income00000000000000
other liabilities000000161,8350169,63000101,104154,222105,855
provisions50,72820,38934,00758,12175,22791,13982,93966,68146,83640,07134,33536,06639,72921,663
total long term liabilities56,02854,754149,912237,647330,684357,345354,622113,501216,466208,984233,983217,845290,799245,469
total liabilities549,662779,444766,7491,071,6751,356,784992,749878,844741,530735,303893,621825,580668,077790,516626,087
net assets568,709575,894433,814382,655324,488365,437358,143344,919288,934186,252143,690149,758248,206225,297
total shareholders funds568,709575,894433,814382,655324,488365,437358,143344,919288,934186,252143,690149,758248,206225,297
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit-11,304175,06363,04070,843-30,14816,90424,65773,610134,97166,9752,875-62,81538,621268,032
Depreciation70,909122,746178,596215,933180,437130,22390,12091,49299,60985,06171,01769,82181,75566,082
Amortisation00000000000000
Tax0-33,327-12,000-13,6440-1,711-3,306-13,996-27,295-12,71300-8,909-74,004
Stock00000000000000
Debtors-174,655299,233-79,060-38,073323,06613,28976848,755-169,39484,47241,218209,91653,668228,771
Creditors-44,776-43,24764,64929,49033,240-5,17511,481-342,115-165,80093,040141,365-49,485119,099380,618
Accruals and Deferred Income-104,999128,316-227,638-192,399326,543-42,33017,320288,816000000
Deferred Taxes & Provisions30,339-13,618-24,114-17,106-7,7128,20016,25819,8456,7655,736-1,731-3,66318,06621,663
Cash flow from operations114,82436,700121,593131,190179,29492,822155,76268,897217,644153,627172,308-256,058194,964433,620
Investing Activities
capital expenditure-71,12644,3689,724-59,938-332,960-201,092-220,804-76,466-153,301-84,226-163,544355,366-226,443-647,504
Change in Investments00000000000000
cash flow from investments-71,12644,3689,724-59,938-332,960-201,092-220,804-76,466-153,301-84,226-163,544355,366-226,443-647,504
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-35,1784,589-1,51132,10001,64900000000
Other Short Term Loans 00000000000000
Long term loans0000-109,848-10,175109,8480-168,913-30,735118,973-16,173-21,103117,951
Hire Purchase and Lease Commitments-75,168-63,345-116,312-137,194427,435319,752-75,58275,582000000
other long term liabilities0000-161,835-161,835161,835-169,630169,6300-101,104-53,11848,367105,855
share issue00000000000-30,000035,000
interest4,119344119968-3,507-7,899-8,128-3,628-4,994-11,699-8,944-5,633-6,803-3,730
cash flow from financing-106,227-58,412-117,704-104,126152,245141,492187,973-97,676-4,277-42,4348,925-104,92420,461255,076
cash and cash equivalents
cash-62,52922,65613,613-32,874-31,30437,04119,08628,48360,06626,96617,690-5,616-11,01841,191
overdraft0000-29,8833,819-103,846133,729000000
change in cash-62,52922,65613,613-32,874-1,42133,222122,932-105,24660,06626,96617,690-5,616-11,01841,191

P&L

December 2022

turnover

3.1m

-22%

operating profit

-11.3k

0%

gross margin

21.3%

+2.57%

turnover

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

Balance Sheet

December 2022

net assets

568.7k

-0.01%

total assets

1.1m

-0.17%

cash

86.4k

-0.42%

net assets

Total assets minus all liabilities

truckwright limited company details

company number

04331367

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

November 2001

age

23

accounts

Small Company

ultimate parent company

previous names

N/A

incorporated

UK

address

geddington road, corby, northants, NN18 8AA

last accounts submitted

December 2022

truckwright 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 7 charges/mortgages relating to truckwright limited. Currently there are 4 open charges and 3 have been satisfied in the past.

charges

truckwright limited Companies House Filings - See Documents

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