Tyrenet (uk) Limited

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tyrenet (uk) limited Company Information

Live

MatureMidHealthy

Company Number

05011012

Website

www.tyrenetwork.net

Registered Address

aviation house 2 windward drive, speke, liverpool, L24 8QR

Industry

Maintenance and repair of motor vehicles

Telephone

08452301144

Next Accounts Due

December 2024

Group Structure

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Directors

Aaron Mikoleizik13 Years

Shareholders

michael riley 50%

aaron mikoleizik 50%

tyrenet (uk) limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of TYRENET (UK) LIMITED at £2.1m based on a Turnover of £9.1m and 0.24x industry multiple (adjusted for size and gross margin).

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Tyrenet (uk) Limited is a live company located in liverpool, L24 8QR with a Companies House number of 05011012. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in January 2004, it's largest shareholder is michael riley with a 50% stake. Tyrenet (uk) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Tyrenet (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £9.1m, make it larger than the average company (£446k)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.8%)

EXPORT

Tyrenet (Uk) Limited's latest turnover from March 2023 is estimated at £9.1 million and the company has net assets of £758.4 thousand. According to their latest financial statements, Tyrenet (Uk) Limited has 20 employees and maintains cash reserves of £220.5 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	9,066,115	7,717,280	6,479,560	6,444,773	8,849,677	7,925,054	9,447,177	6,654,170	6,461,547	5,668,669	4,964,938	3,617,756	3,122,150	2,924,285
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,977,067	6,069,955	4,952,836	4,812,868	6,587,570	5,703,061	6,757,321	4,769,361	4,662,811	4,053,024	3,500,745	2,531,499	2,146,440	2,030,472
Gross Profit	2,089,047	1,647,325	1,526,724	1,631,905	2,262,106	2,221,994	2,689,856	1,884,809	1,798,737	1,615,645	1,464,192	1,086,256	975,711	893,813
Admin Expenses	1,870,680	1,460,189	974,947	1,341,115	2,233,457	2,682,326	2,530,949	1,829,088	1,809,511	1,601,044	1,466,339	1,032,078	971,331	935,775
Operating Profit	218,367	187,136	551,777	290,790	28,649	-460,332	158,907	55,721	-10,774	14,601	-2,147	54,178	4,380	-41,962
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,781	1,347	196	94	815	523	463	1,516	856	473	411	247	90	47
Pre-Tax Profit	226,148	188,483	551,973	290,884	29,464	-459,809	159,370	57,238	-9,918	15,074	-1,736	54,426	4,469	-41,915
Tax	-42,968	-35,812	-104,875	-55,268	-5,598	0	-31,874	-11,447	0	-3,467	0	-14,151	-1,251	0
Profit After Tax	183,180	152,671	447,098	235,616	23,866	-459,809	127,496	45,790	-9,918	11,607	-1,736	40,275	3,218	-41,915
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	183,180	152,671	447,098	235,616	23,866	-459,809	127,496	45,790	-9,918	11,607	-1,736	40,275	3,218	-41,915
Employee Costs	485,000	433,841	329,056	437,469	1,852,266	1,682,291	2,045,415	1,188,034	1,008,011	896,481	894,468	670,687	586,120	562,397
Number Of Employees	20	17	13	16	65	63	76	45	38	34	34	27	24	23
EBITDA*	231,469	208,435	559,710	301,368	42,752	-460,332	158,907	61,692	-3,248	26,052	6,831	64,096	10,228	-36,753

* 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	39,304	48,444	49,884	31,730	42,308	56,411	28,821	17,912	22,580	31,453	26,932	29,755	36,678	15,627
Intangible Assets	858,169	615,543	322,649	8,000	8,000	8,000	0	8,000	8,000	8,000	8,000	8,000	8,000	8,000
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	897,473	663,987	372,533	39,730	50,308	64,411	28,821	25,912	30,580	39,453	34,932	37,755	44,678	23,627
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,662,204	2,290,804	1,919,060	1,739,612	1,805,593	1,584,481	1,965,545	1,252,018	1,192,818	1,019,556	854,208	599,811	513,770	442,239
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	220,476	145,683	213,430	179,119	8,227	209,095	0	370,394	236,198	106,235	82,800	81,731	17,226	18,634
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,882,680	2,436,487	2,132,490	1,918,731	1,813,820	1,793,576	1,965,545	1,622,412	1,429,016	1,125,791	937,008	681,542	530,996	460,873
total assets	3,780,153	3,100,474	2,505,023	1,958,461	1,864,128	1,857,987	1,994,366	1,648,324	1,459,596	1,165,244	971,940	719,297	575,674	484,500
Bank overdraft	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
Trade Creditors	3,021,714	2,525,215	2,082,435	1,982,971	2,124,254	2,141,979	1,819,549	1,600,003	1,457,065	1,152,795	971,098	716,719	613,371	525,415
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	3,021,714	2,525,215	2,082,435	1,982,971	2,124,254	2,141,979	1,819,549	1,600,003	1,457,065	1,152,795	971,098	716,719	613,371	525,415
loans	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
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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	3,021,714	2,525,215	2,082,435	1,982,971	2,124,254	2,141,979	1,819,549	1,600,003	1,457,065	1,152,795	971,098	716,719	613,371	525,415
net assets	758,439	575,259	422,588	-24,510	-260,126	-283,992	174,817	48,321	2,531	12,449	842	2,578	-37,697	-40,915
total shareholders funds	758,439	575,259	422,588	-24,510	-260,126	-283,992	174,817	48,321	2,531	12,449	842	2,578	-37,697	-40,915

	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	218,367	187,136	551,777	290,790	28,649	-460,332	158,907	55,721	-10,774	14,601	-2,147	54,178	4,380	-41,962
Depreciation	13,102	21,299	7,933	10,578	14,103	0	0	5,971	7,526	11,451	8,978	9,918	5,848	5,209
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-42,968	-35,812	-104,875	-55,268	-5,598	0	-31,874	-11,447	0	-3,467	0	-14,151	-1,251	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	371,400	371,744	179,448	-65,981	221,112	-381,064	713,527	59,200	173,262	165,348	254,397	86,041	71,531	442,239
Creditors	496,499	442,780	99,464	-141,283	-17,725	322,430	219,546	142,938	304,270	181,697	254,379	103,348	87,956	525,415
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	313,600	243,659	374,851	170,798	-201,683	243,162	-366,948	133,983	127,760	38,934	6,813	67,252	25,402	46,423
Investing Activities
capital expenditure	-246,588	-312,753	-340,736	0	0	-35,590	-2,909	-1,303	1,347	-15,972	-6,155	-2,995	-26,899	-28,836
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-246,588	-312,753	-340,736	0	0	-35,590	-2,909	-1,303	1,347	-15,972	-6,155	-2,995	-26,899	-28,836
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	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	1,000	-1,000	0	0	0	0	0	0	1,000
interest	7,781	1,347	196	94	815	523	463	1,516	856	473	411	247	90	47
cash flow from financing	7,781	1,347	196	94	815	1,523	-537	1,516	856	473	411	247	90	1,047
cash and cash equivalents
cash	74,793	-67,747	34,311	170,892	-200,868	209,095	-370,394	134,196	129,963	23,435	1,069	64,505	-1,408	18,634
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	74,793	-67,747	34,311	170,892	-200,868	209,095	-370,394	134,196	129,963	23,435	1,069	64,505	-1,408	18,634

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TYRENET (UK) LIMITED group structure

Tyrenet (Uk) Limited has no subsidiary companies.

Ultimate parent company

TYRENET (UK) LIMITED

05011012

TYRENET (UK) LIMITED Shareholders

michael riley	50%
aaron mikoleizik	50%

Tyrenet (Uk) Limited currently has 1 director, Mr Aaron Mikoleizik serving since Jul 2010.

officer	country	age	start	end	role
Mr Aaron Mikoleizik	England	50 years	Jul 2010	-	Director

P&L

March 2023

turnover

9.1m

+17%

operating profit

218.4k

gross margin

23.1%

+7.95%

turnover

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

Balance Sheet

March 2023

net assets

758.4k

+0.32%

total assets

3.8m

+0.22%

cash

220.5k

+0.51%

net assets

Total assets minus all liabilities

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company number

05011012

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

January 2004

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

aviation house 2 windward drive, speke, liverpool, L24 8QR

last accounts submitted

March 2023

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 did not find charges/mortgages relating to tyrenet (uk) limited.

tyrenet (uk) limited Company Information

tyrenet (uk) limited Estimated Valuation

tyrenet (uk) limited Estimated Valuation

tyrenet (uk) limited Estimated Valuation

Tyrenet (uk) Limited Overview

Tyrenet (uk) Limited Health Check

TYRENET (UK) LIMITED financials

tyrenet (uk) limited Credit Report and Business Information

Tyrenet (uk) Limited Competitor Analysis

tyrenet (uk) limited Ownership

tyrenet (uk) limited directors

tyrenet (uk) limited company details

tyrenet (uk) limited Charges & Mortgages

tyrenet (uk) limited Companies House Filings - See Documents