Trade Tyre Services (midlands) Limited

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trade tyre services (midlands) limited Company Information

Live

MatureSmallHealthy

Company Number

04580587

Website

www.trade-tyres.co.uk

Registered Address

old bank chambers, 582-586 kingsbury road, birmingham, B24 9ND

Industry

Repair and maintenance of other transport equipment

Telephone

01543482048

Next Accounts Due

December 2025

Group Structure

View All

Directors

Jamie Wadlow22 Years

Tina Warner2 Years

View All

Shareholders

jamie wadlow 75%

benjamin spencer wadlow 25%

trade tyre services (midlands) limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of TRADE TYRE SERVICES (MIDLANDS) LIMITED at £2.3m based on Net Assets of £720.4k and 3.14x industry multiple (adjusted for liquidity).

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Trade Tyre Services (midlands) Limited is a live company located in birmingham, B24 9ND with a Companies House number of 04580587. It operates in the repair and maintenance of other transport equipment n.e.c. sector, SIC Code 33170. Founded in November 2002, it's largest shareholder is jamie wadlow with a 75% stake. Trade Tyre Services (midlands) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Trade Tyre Services (Midlands) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

5 Regular

1 Weak

Size

annual sales of £2m, make it larger than the average company (£569.1k)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (12.9%)

EXPORT

Trade Tyre Services (Midlands) Limited's latest turnover from March 2024 is estimated at £2 million and the company has net assets of £720.4 thousand. According to their latest financial statements, Trade Tyre Services (Midlands) Limited has 20 employees and maintains cash reserves of £946.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	2,040,684	1,938,426	1,694,632	1,349,801	1,209,828	1,350,520	1,233,056	1,412,166	1,368,596	1,281,035	1,479,704	1,230,916	1,296,692	999,759	1,051,636
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,494,737	1,357,353	1,177,179	963,393	848,865	945,379	809,401	970,043	951,816	886,403	977,788	800,351	859,609	634,133	656,681
Gross Profit	545,946	581,074	517,453	386,409	360,963	405,140	423,655	442,123	416,780	394,632	501,916	430,564	437,083	365,626	394,955
Admin Expenses	499,016	542,758	458,986	379,386	326,801	333,358	345,570	403,006	358,620	323,538	458,614	392,025	433,591	385,193	123,845
Operating Profit	46,930	38,316	58,467	7,023	34,162	71,782	78,085	39,117	58,160	71,094	43,302	38,539	3,492	-19,567	271,110
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	44,233	33,128	5,595	676	562	3,804	2,316	971	1,586	1,351	1,101	973	978	876	379
Pre-Tax Profit	91,163	71,443	64,062	7,699	34,723	75,586	80,401	40,089	59,746	72,446	44,403	39,512	4,470	-18,691	271,489
Tax	-22,791	-13,574	-12,172	-1,463	-6,597	-14,361	-15,276	-8,018	-11,949	-15,214	-10,213	-9,483	-1,162	0	-76,017
Profit After Tax	68,372	57,869	51,890	6,236	28,126	61,225	65,125	32,071	47,797	57,232	34,190	30,029	3,308	-18,691	195,472
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	68,372	57,869	51,890	6,236	28,126	61,225	65,125	32,071	47,797	57,232	34,190	30,029	3,308	-18,691	195,472
Employee Costs	544,227	684,807	602,830	571,982	562,024	523,743	578,503	518,589	483,488	359,758	416,178	295,741	325,587	277,335	272,602
Number Of Employees	20	18	17	16	16	15	16	15	14	10	12	9	10	9	9
EBITDA*	87,779	83,720	95,228	47,516	79,757	117,541	128,869	81,955	97,023	105,436	74,597	64,125	28,025	4,370	293,050

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	102,888	84,820	114,085	93,108	84,989	91,101	99,474	114,385	114,256	85,812	67,938	72,354	52,184	51,841	48,259
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	102,888	84,820	114,085	93,108	84,989	91,101	99,474	114,385	114,256	85,812	67,938	72,354	52,184	51,841	48,259
Stock & work in progress	93,999	80,973	68,325	48,475	39,628	32,400	24,841	5,618	5,972	4,270	4,348	6,344	11,438	8,918	12,111
Trade Debtors	232,298	265,988	231,878	167,220	172,035	205,470	175,004	166,116	167,705	187,190	209,690	193,132	206,677	168,881	170,310
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,585	17,653	7,809	13,058	4,110	4,104	5,148	6,761	7,960	0	0	0	0	0	0
Cash	946,077	823,231	735,713	756,277	595,780	527,648	486,733	439,689	337,501	297,049	243,489	196,840	192,446	198,839	151,650
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,289,959	1,187,845	1,043,725	985,030	811,553	769,622	691,726	618,184	519,138	488,509	457,527	396,316	410,561	376,638	334,071
total assets	1,392,847	1,272,665	1,157,810	1,078,138	896,542	860,723	791,200	732,569	633,394	574,321	525,465	468,670	462,745	428,479	382,330
Bank overdraft	0	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	0
Trade Creditors	336,067	334,488	362,158	270,831	204,357	201,117	208,768	224,552	186,563	260,304	272,357	249,992	275,549	244,923	162,410
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	19,384
other short term finances	0	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	0
other current liabilities	310,939	265,738	180,769	248,372	142,121	137,558	121,981	109,514	80,225	0	0	0	0	0	0
total current liabilities	647,006	600,226	542,927	519,203	346,478	338,675	330,749	334,066	266,788	260,304	272,357	249,992	275,549	244,923	181,794
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	25,490	20,460	20,773	16,715	14,080	14,190	13,818	16,995	17,169	12,377	8,700	8,460	7,007	6,675	4,964
total long term liabilities	25,490	20,460	20,773	16,715	14,080	14,190	13,818	16,995	17,169	12,377	8,700	8,460	7,007	6,675	4,964
total liabilities	672,496	620,686	563,700	535,918	360,558	352,865	344,567	351,061	283,957	272,681	281,057	258,452	282,556	251,598	186,758
net assets	720,351	651,979	594,110	542,220	535,984	507,858	446,633	381,508	349,437	301,640	244,408	210,218	180,189	176,881	195,572
total shareholders funds	720,351	651,979	594,110	542,220	535,984	507,858	446,633	381,508	349,437	301,640	244,408	210,218	180,189	176,881	195,572

	Mar 2024	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	46,930	38,316	58,467	7,023	34,162	71,782	78,085	39,117	58,160	71,094	43,302	38,539	3,492	-19,567	271,110
Depreciation	40,849	45,404	36,761	40,493	45,595	45,759	50,784	42,838	38,863	34,342	31,295	25,586	24,533	23,937	21,940
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-22,791	-13,574	-12,172	-1,463	-6,597	-14,361	-15,276	-8,018	-11,949	-15,214	-10,213	-9,483	-1,162	0	-76,017
Stock	13,026	12,648	19,850	8,847	7,228	7,559	19,223	-354	1,702	-78	-1,996	-5,094	2,520	-3,193	12,111
Debtors	-33,758	43,954	59,409	4,133	-33,429	29,422	7,275	-2,788	-11,525	-22,500	16,558	-13,545	37,796	-1,429	170,310
Creditors	1,579	-27,670	91,327	66,474	3,240	-7,651	-15,784	37,989	-73,741	-12,053	22,365	-25,557	30,626	82,513	162,410
Accruals and Deferred Income	45,201	84,969	-67,603	106,251	4,563	15,577	12,467	29,289	80,225	0	0	0	0	0	0
Deferred Taxes & Provisions	5,030	-313	4,058	2,635	-110	372	-3,177	-174	4,792	3,677	240	1,453	332	1,711	4,964
Cash flow from operations	137,530	70,530	31,579	208,433	107,054	74,497	80,601	144,183	106,173	104,424	72,427	49,177	17,505	93,216	201,986
Investing Activities
capital expenditure	-58,917	-16,139	-57,738	-48,612	-39,483	-37,386	-35,873	-42,967	-67,307	-52,216	-26,879	-45,756	-24,876	-27,519	-70,199
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-58,917	-16,139	-57,738	-48,612	-39,483	-37,386	-35,873	-42,967	-67,307	-52,216	-26,879	-45,756	-24,876	-27,519	-70,199
Financing Activities
Bank loans	0	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	-19,384	19,384
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	44,233	33,128	5,595	676	562	3,804	2,316	971	1,586	1,351	1,101	973	978	876	379
cash flow from financing	44,233	33,128	5,595	676	562	3,804	2,316	971	1,586	1,351	1,101	973	978	-18,508	19,863
cash and cash equivalents
cash	122,846	87,518	-20,564	160,497	68,132	40,915	47,044	102,188	40,452	53,560	46,649	4,394	-6,393	47,189	151,650
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	122,846	87,518	-20,564	160,497	68,132	40,915	47,044	102,188	40,452	53,560	46,649	4,394	-6,393	47,189	151,650

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TRADE TYRE SERVICES (MIDLANDS) LIMITED group structure

Trade Tyre Services (Midlands) Limited has no subsidiary companies.

Ultimate parent company

TRADE TYRE SERVICES (MIDLANDS) LIMITED

04580587

TRADE TYRE SERVICES (MIDLANDS) LIMITED Shareholders

jamie wadlow	75%
benjamin spencer wadlow	25%

Trade Tyre Services (Midlands) Limited currently has 3 directors. The longest serving directors include Mr Jamie Wadlow (Nov 2002) and Mrs Tina Warner (Apr 2022).

officer	country	age	start	end	role
Mr Jamie Wadlow		47 years	Nov 2002	-	Director
Mrs Tina Warner		67 years	Apr 2022	-	Director
Mr Benjamin Wadlow	England	49 years	Apr 2024	-	Director

P&L

March 2024

turnover

+5%

operating profit

46.9k

gross margin

26.8%

-10.75%

turnover

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

Balance Sheet

March 2024

net assets

720.4k

+0.1%

total assets

1.4m

+0.09%

cash

946.1k

+0.15%

net assets

Total assets minus all liabilities

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company number

04580587

Type

Private limited with Share Capital

industry

33170 - Repair and maintenance of other transport equipment

incorporation date

November 2002

ultimate parent company

None

previous names

N/A

address

old bank chambers, 582-586 kingsbury road, birmingham, B24 9ND

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 1 charges/mortgages relating to trade tyre services (midlands) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

trade tyre services (midlands) limited Company Information

trade tyre services (midlands) limited Estimated Valuation

trade tyre services (midlands) limited Estimated Valuation

trade tyre services (midlands) limited Estimated Valuation

Trade Tyre Services (midlands) Limited Overview

Trade Tyre Services (midlands) Limited Health Check

TRADE TYRE SERVICES (MIDLANDS) LIMITED financials

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Trade Tyre Services (midlands) Limited Competitor Analysis

trade tyre services (midlands) limited Ownership

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trade tyre services (midlands) limited company details

trade tyre services (midlands) limited Charges & Mortgages

trade tyre services (midlands) limited Companies House Filings - See Documents