Sureway Express Transport Limited

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sureway express transport limited Company Information

Company Number

04498410

Next Accounts

Sep 2025

Directors

Thomas Strom

Dan Eriksson

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Shareholders

ntex limited

Group Structure

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Industry

Freight transport by road

Registered Address

unit 12 the i.o. centre, cabot park moorend farm avenue, avonmouth, bristol, BS11 0QL

Website

www.surewaytransport.co.uk

sureway express transport limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of SUREWAY EXPRESS TRANSPORT LIMITED at £8.2m based on an EBITDA of £2m and a 4.17x industry multiple (adjusted for size and gross margin).

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Sureway Express Transport Limited is a live company located in avonmouth, BS11 0QL with a Companies House number of 04498410. It operates in the freight transport by road sector, SIC Code 49410. Founded in July 2002, it's largest shareholder is ntex limited with a 100% stake. Sureway Express Transport Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with high growth in recent years.

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Pomanda's financial health check has awarded Sureway Express Transport Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

2 Weak

Size

annual sales of £5.9m, make it smaller than the average company (£10.8m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.9%)

EXPORT

Sureway Express Transport Limited's latest turnover from December 2023 is estimated at £5.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Sureway Express Transport Limited has 42 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	5,927,324	3,733,507	2,991,747	3,586,268	3,396,766	3,962,602	3,207,375	2,725,083	2,788,102	4,249,418	4,309,577	4,290,911	4,271,266	4,746,016
Other Income Or Grants
Cost Of Sales	4,610,465	2,944,921	2,368,467	2,870,821	2,729,245	3,181,893	2,554,485	2,167,316	2,259,979	3,457,129	3,525,565	3,496,633	3,446,475	3,716,152
Gross Profit	1,316,859	788,586	623,280	715,447	667,521	780,709	652,890	557,767	528,123	792,288	784,012	794,278	824,791	1,029,864
Admin Expenses	-531,363	1,304,361	319,457	563,848	378,269	519,108	444,463	281,356	635,226	462,546	561,401	569,483	694,328	921,358	-542,508
Operating Profit	1,848,222	-515,775	303,823	151,599	289,252	261,601	208,427	276,411	-107,103	329,742	222,611	224,795	130,463	108,506	542,508
Interest Payable		60,387	81,114	84,079	101,398	111,992	107,347	83,468	29,844
Interest Receivable	5,314	8,469	248	135	473	285	41	68	425	365	11	4	43	43	2
Pre-Tax Profit	1,853,536	-567,693	222,957	67,656	188,327	149,894	101,121	193,011	-136,522	330,106	222,622	224,799	130,507	108,549	542,510
Tax	-463,384		-42,362	-12,855	-35,782	-28,480	-19,213	-38,602		-69,322	-51,203	-53,952	-33,932	-30,394	-151,903
Profit After Tax	1,390,152	-567,693	180,595	54,801	152,545	121,414	81,908	154,409	-136,522	260,784	171,419	170,847	96,575	78,155	390,607
Dividends Paid
Retained Profit	1,390,152	-567,693	180,595	54,801	152,545	121,414	81,908	154,409	-136,522	260,784	171,419	170,847	96,575	78,155	390,607
Employee Costs	1,714,423	1,594,302	1,105,595	1,304,772	1,359,712	1,318,064	1,156,215	1,228,906	747,365	1,135,530	1,160,227	1,170,645	1,150,799	1,329,505
Number Of Employees	42	41	32	38	40	40	36	39	24	38	39	40	40	47
EBITDA*	1,972,781	-225,408	549,951	352,838	486,016	457,312	446,206	559,994	155,021	517,245	360,164	408,575	306,900	256,116	680,431

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets		3,679,323	3,857,452	3,102,502	3,063,237	3,065,699	3,093,860	3,214,917	2,423,378	2,202,892	1,895,627	1,893,066	1,937,523	1,925,179	1,797,222
Intangible Assets													10,000	20,000	30,000
Investments & Other									10,190	10,190	10,190	10,190	10,190	10,190	10,190
Debtors (Due After 1 year)								285,611
Total Fixed Assets		3,679,323	3,857,452	3,102,502	3,063,237	3,065,699	3,093,860	3,500,528	2,433,568	2,213,082	1,905,817	1,903,256	1,957,713	1,955,369	1,837,412
Stock & work in progress		36,952	3,000	14,000	2,800	1,400	6,000	5,400	2,100	5,500	25,300	25,875
Trade Debtors		471,061	710,359	746,570	706,922	879,868	723,081	462,583	696,338	548,794	528,983	477,233	453,754	552,890	492,480
Group Debtors	2,600,996	3,757
Misc Debtors		220,072			1,553	6,784	5,743	25,576	7,145					740
Cash		202,426	281,542	214,271	56,448	69,601	6,418	26,430	27,947	142,094	3,827	620	921	16,455	634
misc current assets
total current assets	2,600,996	934,268	994,901	974,841	767,723	957,653	741,242	519,989	733,530	696,388	558,110	503,728	454,675	570,085	493,114
total assets	2,600,996	4,613,591	4,852,353	4,077,343	3,830,960	4,023,352	3,835,102	4,020,517	3,167,098	2,909,470	2,463,927	2,406,984	2,412,388	2,525,454	2,330,526
Bank overdraft					260,574		393,637	371,801	407,695
Bank loan			307,487	403,340		439,691
Trade Creditors		306,177	142,579	129,222	193,721	293,940	160,134	178,348	186,169	830,488	748,646	844,319	814,317	866,887	702,790
Group/Directors Accounts		1,590,656
other short term finances
hp & lease commitments					171,348	200,624	202,268	265,904	349,265
other current liabilities		416,289	557,612	513,782	214,358	205,115	207,576	270,152	139,838
total current liabilities		2,313,122	1,007,678	1,046,344	840,001	1,139,370	963,615	1,086,205	1,082,967	830,488	748,646	844,319	814,317	866,887	702,790
loans			963,828	984,823	1,107,944	1,196,174	1,288,776	1,380,905	510,580
hp & lease commitments					176,379	134,281	114,729	154,769	265,645
Accruals and Deferred Income
other liabilities			183,281	283,310						909,595	806,678	825,481	1,031,734	1,188,805	1,236,129
provisions		203,933	168,337	139,232	137,803	137,239	173,108	185,672	171,584
total long term liabilities		203,933	1,315,446	1,407,365	1,422,126	1,467,694	1,576,613	1,721,346	947,809	909,595	806,678	825,481	1,031,734	1,188,805	1,236,129
total liabilities		2,517,055	2,323,124	2,453,709	2,262,127	2,607,064	2,540,228	2,807,551	2,030,776	1,740,083	1,555,324	1,669,800	1,846,051	2,055,692	1,938,919
net assets	2,600,996	2,096,536	2,529,229	1,623,634	1,568,833	1,416,288	1,294,874	1,212,966	1,136,322	1,169,387	908,603	737,184	566,337	469,762	391,607
total shareholders funds	2,600,996	2,096,536	2,529,229	1,623,634	1,568,833	1,416,288	1,294,874	1,212,966	1,136,322	1,169,387	908,603	737,184	566,337	469,762	391,607

	Dec 2023	Dec 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	1,848,222	-515,775	303,823	151,599	289,252	261,601	208,427	276,411	-107,103	329,742	222,611	224,795	130,463	108,506	542,508
Depreciation	124,559	290,367	246,128	201,239	196,764	195,711	237,779	283,583	262,124	187,503	137,553	173,780	166,437	137,610	127,923
Amortisation												10,000	10,000	10,000	10,000
Tax	-463,384		-42,362	-12,855	-35,782	-28,480	-19,213	-38,602		-69,322	-51,203	-53,952	-33,932	-30,394	-151,903
Stock	-36,952	33,952	-11,000	11,200	1,400	-4,600	600	3,300	-3,400	-19,800	-575	25,875
Debtors	1,906,106	-15,469	-36,211	38,095	-178,177	157,828	-44,946	70,287	154,689	19,811	51,750	23,479	-99,876	61,150	492,480
Creditors	-306,177	163,598	13,357	-64,499	-100,219	133,806	-18,214	-7,821	-644,319	81,842	-95,673	30,002	-52,570	164,097	702,790
Accruals and Deferred Income	-416,289	-141,323	43,830	299,424	9,243	-2,461	-62,576	130,314	139,838
Deferred Taxes & Provisions	-203,933	35,596	29,105	1,429	564	-35,869	-12,564	14,088	171,584
Cash flow from operations	-1,286,156	-186,020	641,092	527,042	536,599	371,080	377,985	584,386	-329,165	529,754	162,113	335,271	320,274	328,669	738,838
Investing Activities
capital expenditure	3,554,764	-112,238	-1,001,078	-240,504	-194,302	-167,550	-116,722	-1,075,122	-482,610	-494,768	-140,114	-129,323	-178,781	-265,567	-1,965,145
Change in Investments								-10,190							10,190
cash flow from investments	3,554,764	-112,238	-1,001,078	-240,504	-194,302	-167,550	-116,722	-1,064,932	-482,610	-494,768	-140,114	-129,323	-178,781	-265,567	-1,975,335
Financing Activities
Bank loans		-307,487	-95,853	403,340	-439,691	439,691
Group/Directors Accounts	-1,590,656	1,590,656
Other Short Term Loans
Long term loans		-963,828	-20,995	-123,121	-88,230	-92,602	-92,129	870,325	510,580
Hire Purchase and Lease Commitments				-347,727	12,822	17,908	-103,676	-194,237	614,910
other long term liabilities		-183,281	-100,029	283,310					-909,595	102,917	-18,803	-206,253	-157,071	-47,324	1,236,129
share issue	-885,692	135,000	725,000					-77,765	103,457						1,000
interest	5,314	-51,918	-80,866	-83,944	-100,925	-111,707	-107,306	-83,400	-29,419	365	11	4	43	43	2
cash flow from financing	-2,471,034	219,142	427,257	131,858	-616,024	253,290	-303,111	514,923	289,933	103,282	-18,792	-206,249	-157,028	-47,281	1,237,131
cash and cash equivalents
cash	-202,426	-79,116	67,271	157,823	-13,153	63,183	-20,012	-1,517	-114,147	138,267	3,207	-301	-15,534	15,821	634
overdraft				-260,574	260,574	-393,637	21,836	-35,894	407,695
change in cash	-202,426	-79,116	67,271	418,397	-273,727	456,820	-41,848	34,377	-521,842	138,267	3,207	-301	-15,534	15,821	634

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SUREWAY EXPRESS TRANSPORT LIMITED group structure

Sureway Express Transport Limited has no subsidiary companies.

Ultimate parent company

NTEX AB

#0061523

NTEX HOLDINGS LIMITED

01375292

2 parents

SUREWAY EXPRESS TRANSPORT LIMITED

04498410

SUREWAY EXPRESS TRANSPORT LIMITED Shareholders

ntex limited

100%

Sureway Express Transport Limited currently has 3 directors. The longest serving directors include Mr Thomas Strom (Jul 2022) and Mr Dan Eriksson (Jul 2022).

officer	country	age	start	end	role
Mr Thomas Strom		68 years	Jul 2022	-	Director
Mr Dan Eriksson	England	63 years	Jul 2022	-	Director
Mr Malcolm Thorpe	England	55 years	Mar 2024	-	Director

P&L

December 2023

turnover

5.9m

+59%

operating profit

1.8m

gross margin

22.3%

+5.18%

turnover

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

Balance Sheet

December 2023

net assets

2.6m

+0.24%

total assets

2.6m

-0.44%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04498410

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

July 2002

ultimate parent company

NTEX AB

previous names

N/A

address

unit 12 the i.o. centre, cabot park moorend farm avenue, avonmouth, bristol, BS11 0QL

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 10 charges/mortgages relating to sureway express transport limited. Currently there are 0 open charges and 10 have been satisfied in the past.

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sureway express transport limited Company Information

sureway express transport limited Estimated Valuation

sureway express transport limited Estimated Valuation

sureway express transport limited Estimated Valuation

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