Chapel Street Tyre Centre Limited

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chapel street tyre centre limited Company Information

Live

MatureSmallHealthy

Company Number

05187381

Website

www.chapelstreettyres.co.uk

Registered Address

chapel street tyre centre, chapel street handsworth, birmingham, west midlands, B21 0PA

Industry

Maintenance and repair of motor vehicles

Telephone

01215238034

Next Accounts Due

April 2025

Group Structure

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Directors

Jaspal Singh Bahra19 Years

Manpreet Kaur19 Years

Shareholders

manpreet kaur 50%

jaspal singh bahra 50%

chapel street tyre centre limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of CHAPEL STREET TYRE CENTRE LIMITED at £1.8m based on Net Assets of £631k and 2.79x industry multiple (adjusted for liquidity).

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Chapel Street Tyre Centre Limited is a live company located in birmingham, B21 0PA with a Companies House number of 05187381. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in July 2004, it's largest shareholder is manpreet kaur with a 50% stake. Chapel Street Tyre Centre Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Chapel Street Tyre Centre Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £2.7m, make it larger than the average company (£417.9k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.8%)

EXPORT

Chapel Street Tyre Centre Limited's latest turnover from July 2023 is estimated at £2.7 million and the company has net assets of £631 thousand. According to their latest financial statements, Chapel Street Tyre Centre Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,654,647	2,153,940	2,031,609	1,960,852	1,602,989	1,383,806	22,798	31,838	397,364	891,889	435,310	292,093	265,520	465,751	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,023,465	1,645,271	1,567,445	1,479,790	1,194,680	1,001,202	16,207	22,835	289,607	646,000	310,589	206,679	184,943	320,205	0
Gross Profit	631,182	508,669	464,164	481,062	408,309	382,604	6,591	9,003	107,757	245,889	124,720	85,414	80,577	145,546	0
Admin Expenses	640,108	267,157	374,992	379,920	334,114	300,474	-59,063	-28,145	60,121	234,200	116,742	61,942	81,717	149,327	-5,817
Operating Profit	-8,926	241,512	89,172	101,142	74,195	82,130	65,654	37,148	47,636	11,689	7,978	23,472	-1,140	-3,781	5,817
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	1,611	1,442	2,358	1,854	1,301	1,091	1,006	809	601	239
Pre-Tax Profit	-8,926	241,512	89,172	101,142	74,195	83,741	67,096	39,506	49,490	12,990	9,069	24,478	-331	-3,180	6,056
Tax	0	-45,887	-16,943	-19,217	-14,097	-15,911	-12,748	-7,901	-9,898	-2,728	-2,086	-5,875	0	0	-1,696
Profit After Tax	-8,926	195,625	72,229	81,925	60,098	67,830	54,348	31,605	39,592	10,262	6,983	18,603	-331	-3,180	4,360
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,926	195,625	72,229	81,925	60,098	67,830	54,348	31,605	39,592	10,262	6,983	18,603	-331	-3,180	4,360
Employee Costs	146,945	118,437	123,690	132,975	141,407	138,940	26,798	26,610	79,812	131,918	78,877	49,365	48,067	96,244	0
Number Of Employees	6	5	5	5	5	5	1	1	3	5	3	2	2	4	0
EBITDA*	-8,926	241,512	89,172	101,142	74,195	82,130	68,158	39,883	50,853	15,197	11,636	27,775	3,923	-1,803	8,144

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	14,587	15,479	11,237	12,580	13,331	15,683	13,709	15,493	18,228	19,881	20,731	24,389	28,692	11,206	13,184
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	14,587	15,479	11,237	12,580	13,331	15,683	13,709	15,493	18,228	19,881	20,731	24,389	28,692	11,206	13,184
Stock & work in progress	0	0	0	0	0	0	0	0	7,176	0	0	0	0	0	0
Trade Debtors	978,596	884,728	770,537	652,510	540,160	461,530	3,500	0	3,351	0	30,000	944	522	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,322	1,167	1,518	1,882	815	0	2,015	24,518	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	644,219	509,380	433,917	307,659	212,778	223,620	178,679	144,830	95,530
misc current assets	0	0	0	0	0	652	0	0	0	0	0	0	0	0	0
total current assets	979,918	885,895	772,055	654,392	540,975	462,182	649,734	533,898	444,444	307,659	242,778	224,564	179,201	144,830	95,530
total assets	994,505	901,374	783,292	666,972	554,306	477,865	663,443	549,391	462,672	327,540	263,509	248,953	207,893	156,036	108,714
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	361,482	259,925	337,468	294,877	263,136	246,593	8,334	10,132	382,923	287,116	233,253	225,055	201,712	153,268	102,567
Group/Directors Accounts	0	0	0	0	0	0	460,959	406,332	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	29,258	22,069	0	0	0	0	0	0	0
total current liabilities	361,482	259,925	337,468	294,877	263,136	246,593	498,551	438,533	382,923	287,116	233,253	225,055	201,712	153,268	102,567
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	2,000	1,500	1,500	0	1,000	1,200	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	0	0	0	0	0	0	2,550	2,864	3,360	3,627	3,721	4,346	5,232	1,488	1,687
total long term liabilities	2,000	1,500	1,500	0	1,000	1,200	2,550	2,864	3,360	3,627	3,721	4,346	5,232	1,488	1,687
total liabilities	363,482	261,425	338,968	294,877	264,136	247,793	501,101	441,397	386,283	290,743	236,974	229,401	206,944	154,756	104,254
net assets	631,023	639,949	444,324	372,095	290,170	230,072	162,342	107,994	76,389	36,797	26,535	19,552	949	1,280	4,460
total shareholders funds	631,023	639,949	444,324	372,095	290,170	230,072	162,342	107,994	76,389	36,797	26,535	19,552	949	1,280	4,460

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-8,926	241,512	89,172	101,142	74,195	82,130	65,654	37,148	47,636	11,689	7,978	23,472	-1,140	-3,781	5,817
Depreciation	0	0	0	0	0	0	2,504	2,735	3,217	3,508	3,658	4,303	5,063	1,978	2,327
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-45,887	-16,943	-19,217	-14,097	-15,911	-12,748	-7,901	-9,898	-2,728	-2,086	-5,875	0	0	-1,696
Stock	0	0	0	0	0	0	0	-7,176	7,176	0	0	0	0	0	0
Debtors	94,023	113,840	117,663	113,417	79,445	456,015	-19,003	21,167	3,351	-30,000	29,056	422	522	0	0
Creditors	101,557	-77,543	42,591	31,741	16,543	238,259	-1,798	-372,791	95,807	53,863	8,198	23,343	48,444	50,701	102,567
Accruals and Deferred Income	500	0	1,500	-1,000	-200	-28,058	7,189	22,069	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-2,550	-314	-496	-267	-94	-625	-886	3,744	-199	1,687
Cash flow from operations	-892	4,242	-1,343	-751	-3,004	-182,145	79,490	-333,227	125,968	96,238	-11,933	43,935	55,589	48,699	110,702
Investing Activities
capital expenditure	892	-4,242	1,343	751	2,352	-1,974	-720	0	-1,564	-2,658	0	0	-22,549	0	-15,511
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	892	-4,242	1,343	751	2,352	-1,974	-720	0	-1,564	-2,658	0	0	-22,549	0	-15,511
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	-460,959	54,627	406,332	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	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	-100	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	1,611	1,442	2,358	1,854	1,301	1,091	1,006	809	601	239
cash flow from financing	0	0	0	0	0	-459,448	56,069	408,690	1,854	1,301	1,091	1,006	809	601	339
cash and cash equivalents
cash	0	0	0	0	0	-644,219	134,839	75,463	126,258	94,881	-10,842	44,941	33,849	49,300	95,530
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-644,219	134,839	75,463	126,258	94,881	-10,842	44,941	33,849	49,300	95,530

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHAPEL STREET TYRE CENTRE LIMITED group structure

Chapel Street Tyre Centre Limited has no subsidiary companies.

Ultimate parent company

CHAPEL STREET TYRE CENTRE LIMITED

05187381

CHAPEL STREET TYRE CENTRE LIMITED Shareholders

manpreet kaur	50%
jaspal singh bahra	50%

Chapel Street Tyre Centre Limited currently has 2 directors. The longest serving directors include Jaspal Singh Bahra (Jul 2004) and Manpreet Kaur (Jul 2004).

officer	country	age	start	end	role
Jaspal Singh Bahra		46 years	Jul 2004	-	Director
Manpreet Kaur		43 years	Jul 2004	-	Director

P&L

July 2023

turnover

2.7m

+23%

operating profit

-8.9k

gross margin

23.8%

+0.68%

turnover

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

Balance Sheet

July 2023

net assets

631k

-0.01%

total assets

994.5k

+0.1%

cash

net assets

Total assets minus all liabilities

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company number

05187381

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

July 2004

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

chapel street tyre centre, chapel street handsworth, birmingham, west midlands, B21 0PA

last accounts submitted

July 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 chapel street tyre centre limited.

chapel street tyre centre limited Company Information

chapel street tyre centre limited Estimated Valuation

chapel street tyre centre limited Estimated Valuation

chapel street tyre centre limited Estimated Valuation

Chapel Street Tyre Centre Limited Overview

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CHAPEL STREET TYRE CENTRE LIMITED financials

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chapel street tyre centre limited directors

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