trade tyre services (midlands) limited Company Information
Company Number
04580587
Website
www.trade-tyres.co.ukRegistered 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
Shareholders
jamie wadlow 75%
benjamin spencer wadlow 25%
trade tyre services (midlands) limited Estimated Valuation
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
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
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
6 Strong
5 Regular
1 Weak
Size
annual sales of £2m, make it larger than the average company (£569.1k)
- Trade Tyre Services (midlands) Limited
£569.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (12.9%)
- Trade Tyre Services (midlands) Limited
12.9% - Industry AVG
Production
with a gross margin of 26.8%, this company has a comparable cost of product (26.8%)
- Trade Tyre Services (midlands) Limited
26.8% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (4.7%)
- Trade Tyre Services (midlands) Limited
4.7% - Industry AVG
Employees
with 20 employees, this is above the industry average (10)
20 - Trade Tyre Services (midlands) Limited
10 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)
- Trade Tyre Services (midlands) Limited
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £102k, this is equally as efficient (£89.8k)
- Trade Tyre Services (midlands) Limited
£89.8k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (36 days)
- Trade Tyre Services (midlands) Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (30 days)
- Trade Tyre Services (midlands) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (48 days)
- Trade Tyre Services (midlands) Limited
48 days - Industry AVG
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
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
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 | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 20 | 18 | 17 | 16 | 16 | 15 | 16 | 15 | 14 | ||||||
EBITDA* |
* 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 | |||||||||||||||
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 | |||||||||||||||
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 | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
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 | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
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 |
trade tyre services (midlands) limited Credit Report and Business Information
Trade Tyre Services (midlands) Limited Competitor Analysis
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 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).
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 2024turnover
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 2024net 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
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.
trade tyre services (midlands) limited Companies House Filings - See Documents
date | description | view/download |
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