T & K Flooring Services Limited

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t & k flooring services limited Company Information

Live

MatureMicroRapid

Company Number

04366348

Website

https://www.parketilaminat.com

Registered Address

2 evans drive, runwell, wickford, SS11 7LQ

Industry

Floor and wall covering

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Tony Stevens22 Years

Kara Stevens8 Years

Shareholders

tony stevens 66.7%

kara jo stevens 33.3%

t & k flooring services limited Estimated Valuation

£140.6k

Pomanda estimates the enterprise value of T & K FLOORING SERVICES LIMITED at £140.6k based on an EBITDA of £43.5k and a 3.23x industry multiple (adjusted for size and gross margin).

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T & K Flooring Services Limited is a live company located in wickford, SS11 7LQ with a Companies House number of 04366348. It operates in the floor and wall covering sector, SIC Code 43330. Founded in February 2002, it's largest shareholder is tony stevens with a 66.7% stake. T & K Flooring Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £384.5k with rapid growth in recent years.

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Pomanda's financial health check has awarded T & K Flooring Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

1 Weak

Size

annual sales of £384.5k, make it larger than the average company (£210.7k)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (4.6%)

EXPORT

T & K Flooring Services Limited's latest turnover from March 2023 is estimated at £384.5 thousand and the company has net assets of £68.9 thousand. According to their latest financial statements, T & K Flooring Services Limited has 2 employees and maintains cash reserves of £66.5 thousand 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	384,525	318,672	313,892	162,986	289,255	544,749	374,554	698,429	645,413	619,498	614,062	203,425	184,975	242,321
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	271,846	222,454	221,665	115,830	202,597	374,668	261,925	483,560	436,738	414,260	414,745	133,068	121,647	159,691
Gross Profit	112,679	96,217	92,227	47,157	86,658	170,081	112,629	214,869	208,675	205,238	199,317	70,357	63,329	82,630
Admin Expenses	71,309	74,384	133,647	91,826	105,467	159,239	105,666	174,587	160,032	154,281	191,309	87,128	91,180	26,878
Operating Profit	41,370	21,833	-41,420	-44,669	-18,809	10,842	6,963	40,282	48,643	50,957	8,008	-16,771	-27,851	55,752
Interest Payable	3,741	3,282	1,695	0	0	280	269	0	0	0	0	0	0	0
Interest Receivable	2,491	504	87	87	645	405	211	306	69	0	59	92	176	143
Pre-Tax Profit	40,120	19,054	-43,028	-44,582	-18,164	10,967	6,905	40,589	48,713	50,957	8,067	-16,679	-27,675	55,896
Tax	-7,623	-3,620	0	0	0	-2,084	-1,381	-8,118	-10,230	-11,720	-1,936	0	0	-15,651
Profit After Tax	32,497	15,434	-43,028	-44,582	-18,164	8,883	5,524	32,471	38,483	39,237	6,131	-16,679	-27,675	40,245
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	32,497	15,434	-43,028	-44,582	-18,164	8,883	5,524	32,471	38,483	39,237	6,131	-16,679	-27,675	40,245
Employee Costs	46,262	44,804	49,480	55,651	55,458	67,113	68,749	153,857	138,357	146,023	115,924	74,678	68,576	69,135
Number Of Employees	2	2	2	2	2	2	2	4	4	4	3	2	2	2
EBITDA*	43,481	24,546	-37,869	-40,585	-17,014	13,170	9,869	43,861	50,383	53,276	10,321	-12,731	-23,808	70,125

* 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	4,841	6,952	9,665	11,655	3,595	5,793	8,121	10,736	5,218	6,958	6,937	1,875	5,915	16,590
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	4,841	6,952	9,665	11,655	3,595	5,793	8,121	10,736	5,218	6,958	6,937	1,875	5,915	16,590
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	98,961	80,972	76,484	25,123	73,044	96,466	94,321	89,413	114,373	113,641	87,277	20,056	25,765	21,450
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,004	2,118	0	0	0	0	0	0	0	0	0	0	0	0
Cash	66,468	50,741	83,618	90,332	84,129	87,799	74,326	94,857	27,701	49	49	23,720	13,116	57,355
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	167,433	133,831	160,102	115,455	157,173	184,265	168,647	184,270	142,074	113,690	87,326	43,776	38,881	78,805
total assets	172,274	140,783	169,767	127,110	160,768	190,058	176,768	195,006	147,292	120,648	94,263	45,651	44,796	95,395
Bank overdraft	22,000	8,333	5,758	0	0	0	8,620	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	24,824	15,852	23,308	11,826	6,845	0	473	0	66,092	75,359	86,399	48,818	30,908	55,075
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	46,344	45,589	67,739	49,121	0	62,263	48,239	80,571	0	0	0	0	0	0
total current liabilities	93,168	69,774	96,805	60,947	51,554	62,263	57,332	80,571	66,092	75,359	86,399	48,818	30,908	55,075
loans	9,334	33,333	49,827	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	339	2,568	4,380	0	0	0
provisions	920	1,321	2,214	2,214	0	1,100	1,624	2,147	1,044	1,387	1,387	867	1,243	0
total long term liabilities	10,254	34,654	52,041	2,214	683	1,100	1,624	2,147	1,383	3,955	5,767	867	1,243	0
total liabilities	103,422	104,428	148,846	63,161	52,237	63,363	58,956	82,718	67,475	79,314	92,166	49,685	32,151	55,075
net assets	68,852	36,355	20,921	63,949	108,531	126,695	117,812	112,288	79,817	41,334	2,097	-4,034	12,645	40,320
total shareholders funds	68,852	36,355	20,921	63,949	108,531	126,695	117,812	112,288	79,817	41,334	2,097	-4,034	12,645	40,320

	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	41,370	21,833	-41,420	-44,669	-18,809	10,842	6,963	40,282	48,643	50,957	8,008	-16,771	-27,851	55,752
Depreciation	2,111	2,713	3,551	4,084	1,795	2,328	2,906	3,579	1,740	2,319	2,313	4,040	4,043	14,373
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,623	-3,620	0	0	0	-2,084	-1,381	-8,118	-10,230	-11,720	-1,936	0	0	-15,651
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	17,875	6,606	51,361	-47,921	-23,422	2,145	4,908	-24,960	732	26,364	67,221	-5,709	4,315	21,450
Creditors	8,972	-7,456	11,482	4,981	6,845	-473	473	-66,092	-9,267	-11,040	37,581	17,910	-24,167	55,075
Accruals and Deferred Income	755	-22,150	18,618	49,121	-62,263	14,024	-32,332	80,571	0	0	0	0	0	0
Deferred Taxes & Provisions	-401	-893	0	2,214	-1,100	-524	-523	1,103	-343	0	520	-376	1,243	0
Cash flow from operations	27,309	-16,179	-59,130	63,652	-50,110	21,968	-28,802	76,285	29,811	4,152	-20,735	10,512	-51,047	88,099
Investing Activities
capital expenditure	0	0	-1,561	-12,144	403	0	-291	-9,097	0	-2,340	-7,375	0	6,632	-30,963
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-1,561	-12,144	403	0	-291	-9,097	0	-2,340	-7,375	0	6,632	-30,963
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	-23,999	-16,494	49,827	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	-339	-2,229	-1,812	4,380	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	75
interest	-1,250	-2,778	-1,608	87	645	125	-58	306	69	0	59	92	176	143
cash flow from financing	-25,249	-19,272	48,219	87	645	125	-58	-33	-2,160	-1,812	4,439	92	176	218
cash and cash equivalents
cash	15,727	-32,877	-6,714	6,203	-3,670	13,473	-20,531	67,156	27,652	0	-23,671	10,604	-44,239	57,355
overdraft	13,667	2,575	5,758	0	0	-8,620	8,620	0	0	0	0	0	0	0
change in cash	2,060	-35,452	-12,472	6,203	-3,670	22,093	-29,151	67,156	27,652	0	-23,671	10,604	-44,239	57,355

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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T & K FLOORING SERVICES LIMITED group structure

T & K Flooring Services Limited has no subsidiary companies.

Ultimate parent company

T & K FLOORING SERVICES LIMITED

04366348

T & K FLOORING SERVICES LIMITED Shareholders

tony stevens	66.67%
kara jo stevens	33.33%

T & K Flooring Services Limited currently has 2 directors. The longest serving directors include Mr Tony Stevens (Feb 2002) and Mrs Kara Stevens (May 2016).

officer	country	age	start	end	role
Mr Tony Stevens	England	53 years	Feb 2002	-	Director
Mrs Kara Stevens	England	52 years	May 2016	-	Director

P&L

March 2023

turnover

384.5k

+21%

operating profit

41.4k

gross margin

29.4%

-2.95%

turnover

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

Balance Sheet

March 2023

net assets

68.9k

+0.89%

total assets

172.3k

+0.22%

cash

66.5k

+0.31%

net assets

Total assets minus all liabilities

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company number

04366348

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

February 2002

ultimate parent company

None

previous names

speed 9073 limited (March 2002)

address

2 evans drive, runwell, wickford, SS11 7LQ

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.

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t & k flooring services limited Company Information

t & k flooring services limited Estimated Valuation

t & k flooring services limited Estimated Valuation

t & k flooring services limited Estimated Valuation

T & K Flooring Services Limited Overview

T & K Flooring Services Limited Health Check

T & K FLOORING SERVICES LIMITED financials

t & k flooring services limited Credit Report and Business Information

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t & k flooring services limited Ownership

t & k flooring services limited directors

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