trade tyre services (midlands) limited

5

trade tyre services (midlands) limited Company Information

Share TRADE TYRE SERVICES (MIDLANDS) LIMITED
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Company Number

04580587

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

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Directors

Jamie Wadlow22 Years

Tina Warner2 Years

View All

Shareholders

jamie wadlow 75%

benjamin spencer wadlow 25%

trade tyre services (midlands) limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of TRADE TYRE SERVICES (MIDLANDS) LIMITED at £1.3m based on a Turnover of £2m and 0.63x industry multiple (adjusted for size and gross margin).

trade tyre services (midlands) limited Estimated Valuation

£423.8k

Pomanda estimates the enterprise value of TRADE TYRE SERVICES (MIDLANDS) LIMITED at £423.8k based on an EBITDA of £87.8k and a 4.83x industry multiple (adjusted for size and gross margin).

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 Overview

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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Trade Tyre Services (midlands) Limited Health Check

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 Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

5 Regular

positive_score

1 Weak

size

Size

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

£2m - Trade Tyre Services (midlands) Limited

£569.1k - Industry AVG

growth

Growth

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

15% - Trade Tyre Services (midlands) Limited

12.9% - Industry AVG

production

Production

with a gross margin of 26.8%, this company has a comparable cost of product (26.8%)

26.8% - Trade Tyre Services (midlands) Limited

26.8% - Industry AVG

profitability

Profitability

an operating margin of 2.3% make it less profitable than the average company (4.7%)

2.3% - Trade Tyre Services (midlands) Limited

4.7% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (10)

20 - Trade Tyre Services (midlands) Limited

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)

£27.2k - Trade Tyre Services (midlands) Limited

£27.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £102k, this is equally as efficient (£89.8k)

£102k - Trade Tyre Services (midlands) Limited

£89.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 41 days, this is near the average (36 days)

41 days - Trade Tyre Services (midlands) Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 82 days, this is slower than average (30 days)

82 days - Trade Tyre Services (midlands) Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 22 days, this is less than average (48 days)

22 days - Trade Tyre Services (midlands) Limited

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 76 weeks, this is more cash available to meet short term requirements (46 weeks)

76 weeks - Trade Tyre Services (midlands) Limited

46 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.3%, this is a lower level of debt than the average (57%)

48.3% - Trade Tyre Services (midlands) Limited

57% - Industry AVG

TRADE TYRE SERVICES (MIDLANDS) LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,040,6841,938,4261,694,6321,349,8011,209,8281,350,5201,233,0561,412,1661,368,5961,281,0351,479,7041,230,9161,296,692999,7591,051,636
Other Income Or Grants000000000000000
Cost Of Sales1,494,7371,357,3531,177,179963,393848,865945,379809,401970,043951,816886,403977,788800,351859,609634,133656,681
Gross Profit545,946581,074517,453386,409360,963405,140423,655442,123416,780394,632501,916430,564437,083365,626394,955
Admin Expenses499,016542,758458,986379,386326,801333,358345,570403,006358,620323,538458,614392,025433,591385,193123,845
Operating Profit46,93038,31658,4677,02334,16271,78278,08539,11758,16071,09443,30238,5393,492-19,567271,110
Interest Payable000000000000000
Interest Receivable44,23333,1285,5956765623,8042,3169711,5861,3511,101973978876379
Pre-Tax Profit91,16371,44364,0627,69934,72375,58680,40140,08959,74672,44644,40339,5124,470-18,691271,489
Tax-22,791-13,574-12,172-1,463-6,597-14,361-15,276-8,018-11,949-15,214-10,213-9,483-1,1620-76,017
Profit After Tax68,37257,86951,8906,23628,12661,22565,12532,07147,79757,23234,19030,0293,308-18,691195,472
Dividends Paid000000000000000
Retained Profit68,37257,86951,8906,23628,12661,22565,12532,07147,79757,23234,19030,0293,308-18,691195,472
Employee Costs544,227684,807602,830571,982562,024523,743578,503518,589483,488359,758416,178295,741325,587277,335272,602
Number Of Employees201817161615161514101291099
EBITDA*87,77983,72095,22847,51679,757117,541128,86981,95597,023105,43674,59764,12528,0254,370293,050

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets102,88884,820114,08593,10884,98991,10199,474114,385114,25685,81267,93872,35452,18451,84148,259
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets102,88884,820114,08593,10884,98991,10199,474114,385114,25685,81267,93872,35452,18451,84148,259
Stock & work in progress93,99980,97368,32548,47539,62832,40024,8415,6185,9724,2704,3486,34411,4388,91812,111
Trade Debtors232,298265,988231,878167,220172,035205,470175,004166,116167,705187,190209,690193,132206,677168,881170,310
Group Debtors000000000000000
Misc Debtors17,58517,6537,80913,0584,1104,1045,1486,7617,960000000
Cash946,077823,231735,713756,277595,780527,648486,733439,689337,501297,049243,489196,840192,446198,839151,650
misc current assets000000000000000
total current assets1,289,9591,187,8451,043,725985,030811,553769,622691,726618,184519,138488,509457,527396,316410,561376,638334,071
total assets1,392,8471,272,6651,157,8101,078,138896,542860,723791,200732,569633,394574,321525,465468,670462,745428,479382,330
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 336,067334,488362,158270,831204,357201,117208,768224,552186,563260,304272,357249,992275,549244,923162,410
Group/Directors Accounts0000000000000019,384
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities310,939265,738180,769248,372142,121137,558121,981109,51480,225000000
total current liabilities647,006600,226542,927519,203346,478338,675330,749334,066266,788260,304272,357249,992275,549244,923181,794
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions25,49020,46020,77316,71514,08014,19013,81816,99517,16912,3778,7008,4607,0076,6754,964
total long term liabilities25,49020,46020,77316,71514,08014,19013,81816,99517,16912,3778,7008,4607,0076,6754,964
total liabilities672,496620,686563,700535,918360,558352,865344,567351,061283,957272,681281,057258,452282,556251,598186,758
net assets720,351651,979594,110542,220535,984507,858446,633381,508349,437301,640244,408210,218180,189176,881195,572
total shareholders funds720,351651,979594,110542,220535,984507,858446,633381,508349,437301,640244,408210,218180,189176,881195,572
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit46,93038,31658,4677,02334,16271,78278,08539,11758,16071,09443,30238,5393,492-19,567271,110
Depreciation40,84945,40436,76140,49345,59545,75950,78442,83838,86334,34231,29525,58624,53323,93721,940
Amortisation000000000000000
Tax-22,791-13,574-12,172-1,463-6,597-14,361-15,276-8,018-11,949-15,214-10,213-9,483-1,1620-76,017
Stock13,02612,64819,8508,8477,2287,55919,223-3541,702-78-1,996-5,0942,520-3,19312,111
Debtors-33,75843,95459,4094,133-33,42929,4227,275-2,788-11,525-22,50016,558-13,54537,796-1,429170,310
Creditors1,579-27,67091,32766,4743,240-7,651-15,78437,989-73,741-12,05322,365-25,55730,62682,513162,410
Accruals and Deferred Income45,20184,969-67,603106,2514,56315,57712,46729,28980,225000000
Deferred Taxes & Provisions5,030-3134,0582,635-110372-3,177-1744,7923,6772401,4533321,7114,964
Cash flow from operations137,53070,53031,579208,433107,05474,49780,601144,183106,173104,42472,42749,17717,50593,216201,986
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 Investments000000000000000
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 loans000000000000000
Group/Directors Accounts0000000000000-19,38419,384
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000000000100
interest44,23333,1285,5956765623,8042,3169711,5861,3511,101973978876379
cash flow from financing44,23333,1285,5956765623,8042,3169711,5861,3511,101973978-18,50819,863
cash and cash equivalents
cash122,84687,518-20,564160,49768,13240,91547,044102,18840,45253,56046,6494,394-6,39347,189151,650
overdraft000000000000000
change in cash122,84687,518-20,564160,49768,13240,91547,044102,18840,45253,56046,6494,394-6,39347,189151,650

trade tyre services (midlands) 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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Trade Tyre Services (midlands) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for trade tyre services (midlands) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in B24 area or any other competitors across 12 key performance metrics.

trade tyre services (midlands) limited Ownership

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 directors

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).

officercountryagestartendrole
Mr Jamie Wadlow47 years Nov 2002- Director
Mrs Tina Warner67 years Apr 2022- Director
Mr Benjamin WadlowEngland49 years Apr 2024- Director

P&L

March 2024

turnover

2m

+5%

operating profit

46.9k

0%

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

trade tyre services (midlands) limited company details

company number

04580587

Type

Private limited with Share Capital

industry

33170 - Repair and maintenance of other transport equipment

incorporation date

November 2002

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

TREVOR JONES & CO

auditor

-

address

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

Bank

-

Legal Advisor

-

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

charges

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

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