Ipswich Truck Services Limited

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ipswich truck services limited Company Information

Live

EstablishedSmallRapid

Company Number

05434192

Website

www.electricians-ipswich.co.uk

Registered Address

ipswich truck services ltd, addison way, ipswich, suffolk, IP6 0RL

Industry

Maintenance and repair of motor vehicles

Telephone

01473744295

Next Accounts Due

January 2025

Group Structure

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Directors

Colin Canham19 Years

Sam Canham2 Years

Shareholders

colin canham 60%

ruth canham 40%

ipswich truck services limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of IPSWICH TRUCK SERVICES LIMITED at £1.9m based on Net Assets of £641.2k and 2.94x industry multiple (adjusted for liquidity).

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Ipswich Truck Services Limited is a live company located in ipswich, IP6 0RL with a Companies House number of 05434192. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in April 2005, it's largest shareholder is colin canham with a 60% stake. Ipswich Truck Services Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Ipswich Truck Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £2m, make it larger than the average company (£387.3k)

Growth

3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (6.3%)

EXPORT

Ipswich Truck Services Limited's latest turnover from April 2023 is estimated at £2 million and the company has net assets of £641.2 thousand. According to their latest financial statements, Ipswich Truck Services Limited has 8 employees and maintains cash reserves of £194.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,014,426	2,056,753	909,048	552,227	848,536	585,732	437,270	541,220	671,118	776,831	602,353	547,296	643,906	618,452
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,281,509	1,346,573	587,790	346,654	530,905	354,328	259,524	321,305	400,585	458,491	357,967	316,997	366,951	353,628
Gross Profit	732,916	710,180	321,258	205,573	317,632	231,403	177,746	219,915	270,533	318,340	244,387	230,299	276,955	264,825
Admin Expenses	631,828	676,613	188,150	153,335	177,413	190,676	100,934	142,124	242,750	283,098	256,743	213,342	277,346	181,039
Operating Profit	101,088	33,567	133,108	52,238	140,219	40,727	76,812	77,791	27,783	35,242	-12,356	16,957	-391	83,786
Interest Payable	3,673	3,066	1,525	0	0	0	103	107	0	0	0	0	0	0
Interest Receivable	8,491	2,217	363	310	1,877	1,112	476	579	318	265	238	184	156	75
Pre-Tax Profit	105,907	32,719	131,946	52,548	142,096	41,840	77,185	78,263	28,101	35,508	-12,118	17,141	-235	83,861
Tax	-26,477	-6,217	-25,070	-9,984	-26,998	-7,950	-14,665	-15,652	-5,620	-7,457	0	-4,114	0	-23,481
Profit After Tax	79,430	26,502	106,876	42,564	115,098	33,890	62,520	62,610	22,481	28,051	-12,118	13,027	-235	60,380
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	79,430	26,502	106,876	42,564	115,098	33,890	62,520	62,610	22,481	28,051	-12,118	13,027	-235	60,380
Employee Costs	191,379	199,812	146,580	186,851	199,957	110,473	107,962	105,641	185,567	210,937	184,155	171,683	195,373	195,616
Number Of Employees	8	8	6	7	7	4	4	4	7	8	7	7	8	8
EBITDA*	117,842	47,070	146,847	66,033	152,719	49,864	83,643	86,374	31,337	38,054	-10,030	19,504	1,015	84,678

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	79,571	50,067	121,627	53,871	56,709	44,685	20,731	26,756	36,781	10,166	10,773	8,418	4,770	3,053
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	79,571	50,067	121,627	53,871	56,709	44,685	20,731	26,756	36,781	10,166	10,773	8,418	4,770	3,053
Stock & work in progress	9,195	9,790	9,190	8,273	7,435	5,075	4,955	4,640	4,319	3,305	3,285	3,290	2,965	2,585
Trade Debtors	531,891	535,031	187,732	96,106	172,892	117,132	74,372	82,432	81,445	92,252	61,602	64,625	67,573	64,023
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	74,009	56,204	58,143	20,563	22,780	9,637	116	9,209	0	1,900	0	0	72	72
Cash	194,428	205,171	385,998	340,042	280,081	220,552	224,382	156,361	75,317	51,787	54,271	41,117	32,585	29,897
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	809,523	806,196	641,063	464,984	483,188	352,396	303,825	252,642	161,081	149,244	119,158	109,032	103,195	96,577
total assets	889,094	856,263	762,690	518,855	539,897	397,081	324,556	279,398	197,862	159,410	129,931	117,450	107,965	99,630
Bank overdraft	0	0	0	0	0	0	0	3,300	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	62,182	108,149	89,353	18,927	51,919	67,989	21,831	40,501	65,616	68,170	66,622	42,493	46,880	38,725
Group/Directors Accounts	0	0	0	0	0	0	884	0	0	0	0	0	0	0
other short term finances	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	275	3,300	3,300	3,300	0	0	0	0	0	0	0
other current liabilities	137,023	137,710	66,833	63,060	89,999	45,351	50,910	45,776	0	0	0	0	0	0
total current liabilities	209,205	255,859	156,186	82,262	145,218	116,640	76,925	89,577	65,616	68,170	66,622	42,493	46,880	38,725
loans	20,833	30,833	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	275	3,575	6,875	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	10,175	13,200	0	0	0	0	0
provisions	17,880	7,825	21,260	8,225	8,600	6,160	3,940	5,350	7,360	2,035	2,155	1,685	840	425
total long term liabilities	38,713	38,658	71,260	8,225	8,875	9,735	10,815	15,525	20,560	2,035	2,155	1,685	840	425
total liabilities	247,918	294,517	227,446	90,487	154,093	126,375	87,740	105,102	86,176	70,205	68,777	44,178	47,720	39,150
net assets	641,176	561,746	535,244	428,368	385,804	270,706	236,816	174,296	111,686	89,205	61,154	73,272	60,245	60,480
total shareholders funds	641,176	561,746	535,244	428,368	385,804	270,706	236,816	174,296	111,686	89,205	61,154	73,272	60,245	60,480

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	101,088	33,567	133,108	52,238	140,219	40,727	76,812	77,791	27,783	35,242	-12,356	16,957	-391	83,786
Depreciation	16,754	13,503	13,739	13,795	12,500	9,137	6,831	8,583	3,554	2,812	2,326	2,547	1,406	892
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-26,477	-6,217	-25,070	-9,984	-26,998	-7,950	-14,665	-15,652	-5,620	-7,457	0	-4,114	0	-23,481
Stock	-595	600	917	838	2,360	120	315	321	1,014	20	-5	325	380	2,585
Debtors	14,665	345,360	129,206	-79,003	68,903	52,281	-17,153	10,196	-12,707	32,550	-3,023	-3,020	3,550	64,095
Creditors	-45,967	18,796	70,426	-32,992	-16,070	46,158	-18,670	-25,115	-2,554	1,548	24,129	-4,387	8,155	38,725
Accruals and Deferred Income	-687	70,877	3,773	-26,939	44,648	-5,559	5,134	45,776	0	0	0	0	0	0
Deferred Taxes & Provisions	10,055	-13,435	13,035	-375	2,440	2,220	-1,410	-2,010	5,325	-120	470	845	415	425
Cash flow from operations	40,696	-228,869	78,888	73,908	85,476	32,332	70,870	78,856	40,181	-545	17,597	14,543	5,655	33,667
Investing Activities
capital expenditure	-46,258	58,057	-81,495	-10,957	-24,524	-33,091	-806	1,442	-30,169	-2,205	-4,681	-6,195	-3,123	-3,945
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-46,258	58,057	-81,495	-10,957	-24,524	-33,091	-806	1,442	-30,169	-2,205	-4,681	-6,195	-3,123	-3,945
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	-884	884	0	0	0	0	0	0	0
Other Short Term Loans	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-19,167	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-275	-3,300	-3,300	-3,300	10,175	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-10,175	-3,025	13,200	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	4,818	-849	-1,162	310	1,877	1,112	373	472	318	265	238	184	156	75
cash flow from financing	-5,182	-10,016	48,563	-2,990	-1,423	-3,072	1,257	-2,553	13,518	265	238	184	156	175
cash and cash equivalents
cash	-10,743	-180,827	45,956	59,961	59,529	-3,830	68,021	81,044	23,530	-2,484	13,154	8,532	2,688	29,897
overdraft	0	0	0	0	0	0	-3,300	3,300	0	0	0	0	0	0
change in cash	-10,743	-180,827	45,956	59,961	59,529	-3,830	71,321	77,744	23,530	-2,484	13,154	8,532	2,688	29,897

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ipswich truck services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in IP6 area or any other competitors across 12 key performance metrics.

IPSWICH TRUCK SERVICES LIMITED group structure

Ipswich Truck Services Limited has no subsidiary companies.

Ultimate parent company

IPSWICH TRUCK SERVICES LIMITED

05434192

IPSWICH TRUCK SERVICES LIMITED Shareholders

colin canham	60%
ruth canham	40%

Ipswich Truck Services Limited currently has 2 directors. The longest serving directors include Mr Colin Canham (Apr 2005) and Mr Sam Canham (Mar 2022).

officer	country	age	start	end	role
Mr Colin Canham	England	63 years	Apr 2005	-	Director
Mr Sam Canham		31 years	Mar 2022	-	Director

P&L

April 2023

turnover

-2%

operating profit

101.1k

gross margin

36.4%

+5.37%

turnover

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

Balance Sheet

April 2023

net assets

641.2k

+0.14%

total assets

889.1k

+0.04%

cash

194.4k

-0.05%

net assets

Total assets minus all liabilities

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company number

05434192

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

April 2005

ultimate parent company

None

previous names

N/A

address

ipswich truck services ltd, addison way, ipswich, suffolk, IP6 0RL

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ipswich truck services limited Company Information

ipswich truck services limited Estimated Valuation

ipswich truck services limited Estimated Valuation

ipswich truck services limited Estimated Valuation

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IPSWICH TRUCK SERVICES LIMITED financials

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