Trek Kit (hereford) Limited

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trek kit (hereford) limited Company Information

Live

EstablishedMidRapid

Company Number

05668115

Website

www.trekitt.co.uk

Registered Address

51 eign gate, hereford, HR4 0AB

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

441432263335

Next Accounts Due

September 2025

Group Structure

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Directors

David Cassidy7 Years

Rolf Hoffman3 Years

View All

Shareholders

trek kit holdings limited 100%

trek kit (hereford) limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of TREK KIT (HEREFORD) LIMITED at £7.3m based on Net Assets of £2.3m and 3.23x industry multiple (adjusted for liquidity).

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Trek Kit (hereford) Limited is a live company located in hereford, HR4 0AB with a Companies House number of 05668115. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in January 2006, it's largest shareholder is trek kit holdings limited with a 100% stake. Trek Kit (hereford) Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Trek Kit (Hereford) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £9.6m, make it in line with the average company (£9.9m)

Growth

3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (7.7%)

EXPORT

Trek Kit (Hereford) Limited's latest turnover from December 2023 is £9.6 million and the company has net assets of £2.3 million. According to their latest financial statements, Trek Kit (Hereford) Limited has 35 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	9,620,202	10,679,683	6,472,514	4,007,810	2,412,162	2,550,182	2,661,577	2,123,147	2,252,439	1,455,394	772,588	1,136,444	1,070,746	895,265	730,725
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,459,756	7,162,129	3,940,377	2,309,107	1,425,469	1,491,411	1,555,727	1,249,609	1,348,417	873,722	474,728	690,774	658,729	549,137	441,105
Gross Profit	3,160,446	3,517,554	2,532,137	1,698,703	986,694	1,058,770	1,105,850	873,537	904,022	581,673	297,860	445,670	412,017	346,129	289,620
Admin Expenses	3,363,837	3,059,376	1,512,169	935,648	930,710	738,723	860,026	779,742	901,175	596,725	282,197	430,896	344,861	275,628	59,304
Operating Profit	-203,391	458,178	1,019,968	763,055	55,984	320,047	245,824	93,795	2,847	-15,052	15,663	14,774	67,156	70,501	230,316
Interest Payable	0	0	3,903	36,039	33,018	30,366	38,073	21,923	0	12,673	25,329	23,369	21,852	22,971	11,832
Interest Receivable	1,762	0	0	301	54	434	452	132	134	130	78	34	72	90	31
Pre-Tax Profit	-201,629	458,178	1,016,065	727,317	23,020	290,115	208,202	72,005	2,981	-27,595	-9,588	-8,560	45,376	47,620	218,515
Tax	39,008	-85,597	-208,600	-138,190	-4,374	-55,122	-39,558	-13,681	-596	0	0	0	-10,890	-12,381	-61,184
Profit After Tax	-162,621	372,581	807,465	589,127	18,646	234,993	168,644	58,324	2,385	-27,595	-9,588	-8,560	34,486	35,239	157,331
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-162,621	372,581	807,465	589,127	18,646	234,993	168,644	58,324	2,385	-27,595	-9,588	-8,560	34,486	35,239	157,331
Employee Costs	951,792	934,158	669,764	725,548	653,403	621,277	496,976	448,875	342,926	259,778	144,244	198,000	184,150	147,761	149,634
Number Of Employees	35	37	36	32	30	28	23	21	16	13	7	10	9	8	8
EBITDA*	-158,940	534,606	1,042,892	786,293	77,529	332,471	258,717	111,385	16,512	-4,156	25,663	21,766	70,970	75,586	236,211

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	557,946	580,555	616,921	545,715	543,479	556,938	568,136	540,484	533,968	508,661	509,271	496,949	490,771	491,228	493,658
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	557,946	580,555	616,921	545,715	543,479	556,938	568,136	540,484	533,968	508,661	509,271	496,949	490,771	491,228	493,658
Stock & work in progress	5,231,740	5,615,057	4,481,358	2,555,575	1,515,183	1,527,109	1,330,350	1,015,953	669,799	458,580	302,568	352,900	297,631	236,508	190,456
Trade Debtors	7,113	44,211	43,509	31,610	1,496	10,683	12,822	5,016	0	12,336	4,409	0	0	0	0
Group Debtors	0	0	1,200	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	103,261	62,627	30,984	90,796	22,949	23,374	22,444	23,006	17,031	0	0	0	0	0	0
Cash	1,578,052	805,325	876,366	510,025	91,591	16,530	99,255	81,429	24,434	29,336	22,852	8,469	5,266	23,653	12,328
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,920,166	6,527,220	5,433,417	3,188,006	1,631,219	1,577,696	1,464,871	1,125,404	711,264	500,252	329,829	361,369	302,897	260,161	202,784
total assets	7,478,112	7,107,775	6,050,338	3,733,721	2,174,698	2,134,634	2,033,007	1,665,888	1,245,232	1,008,913	839,100	858,318	793,668	751,389	696,442
Bank overdraft	0	0	0	79,845	72,529	140,158	104,382	158,311	0	0	78,799	43,671	33,504	33,003	37,248
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	978,492	2,647,545	2,563,958	1,552,400	531,521	638,280	810,252	552,871	662,485	484,267	239,147	249,297	235,997	215,073	174,057
Group/Directors Accounts	3,427,207	1,390,540	811,657	0	5,919	37,460	16,110	16,871	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	744	4,272	4,000	0	0	0	0	0	0	0	0
other current liabilities	782,983	611,712	582,826	386,366	307,739	364,738	302,063	151,504	0	0	0	0	0	0	0
total current liabilities	5,188,682	4,649,797	3,958,441	2,018,611	918,452	1,184,908	1,236,807	879,557	662,485	484,267	317,946	292,968	269,501	248,076	211,305
loans	0	0	0	448,978	580,241	289,623	365,568	543,209	0	0	311,145	345,754	296,111	309,743	326,806
hp & lease commitments	0	0	0	0	0	744	4,666	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	397,949	342,233	1	0	0	0	0
provisions	17,473	23,400	29,900	11,600	10,600	12,600	14,200	0	0	0	0	0	0	0	0
total long term liabilities	17,473	23,400	29,900	460,578	590,841	302,967	384,434	543,209	397,949	342,233	311,146	345,754	296,111	309,743	326,806
total liabilities	5,206,155	4,673,197	3,988,341	2,479,189	1,509,293	1,487,875	1,621,241	1,422,766	1,060,434	826,500	629,092	638,722	565,612	557,819	538,111
net assets	2,271,957	2,434,578	2,061,997	1,254,532	665,405	646,759	411,766	243,122	184,798	182,413	210,008	219,596	228,056	193,570	158,331
total shareholders funds	2,271,957	2,434,578	2,061,997	1,254,532	665,405	646,759	411,766	243,122	184,798	182,413	210,008	219,596	228,056	193,570	158,331

	Dec 2023	Dec 2022	Dec 2021	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-203,391	458,178	1,019,968	763,055	55,984	320,047	245,824	93,795	2,847	-15,052	15,663	14,774	67,156	70,501	230,316
Depreciation	44,451	76,428	22,924	23,238	21,545	12,424	12,893	17,590	13,665	10,896	10,000	6,992	3,814	5,085	5,895
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	39,008	-85,597	-208,600	-138,190	-4,374	-55,122	-39,558	-13,681	-596	0	0	0	-10,890	-12,381	-61,184
Stock	-383,317	1,133,699	2,966,175	1,040,392	-11,926	196,759	314,397	346,154	211,219	156,012	-50,332	55,269	61,123	46,052	190,456
Debtors	3,536	31,145	51,248	97,961	-9,612	-1,209	7,244	10,991	4,695	7,927	4,409	0	0	0	0
Creditors	-1,669,053	83,587	2,032,437	1,020,879	-106,759	-171,972	257,381	-109,614	178,218	245,120	-10,150	13,300	20,924	41,016	174,057
Accruals and Deferred Income	171,271	28,886	275,087	78,627	-56,999	62,675	150,559	151,504	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,927	-6,500	19,300	1,000	-2,000	-1,600	14,200	0	0	0	0	0	0	0	0
Cash flow from operations	-1,243,860	-609,862	143,693	610,256	-71,065	-29,098	319,658	-217,551	-21,780	77,025	61,436	-20,203	19,881	58,169	158,628
Investing Activities
capital expenditure	-21,842	-40,062	0	-25,474	-8,086	-1,226	-40,545	-24,106	-38,972	-10,286	-22,322	-13,170	-3,357	-2,655	-499,553
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-21,842	-40,062	0	-25,474	-8,086	-1,226	-40,545	-24,106	-38,972	-10,286	-22,322	-13,170	-3,357	-2,655	-499,553
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,036,667	578,883	805,738	-5,919	-31,541	21,350	-761	16,871	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	-580,241	-131,263	290,618	-75,945	-177,641	543,209	0	-311,145	-34,609	49,643	-13,632	-17,063	326,806
Hire Purchase and Lease Commitments	0	0	-744	-744	-4,272	-3,650	8,666	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-397,949	55,716	342,232	1	0	0	0	0
share issue	0	0	589,127	0	0	0	0	0	0	0	0	100	0	0	1,000
interest	1,762	0	-3,903	-35,738	-32,964	-29,932	-37,621	-21,791	134	-12,543	-25,251	-23,335	-21,780	-22,881	-11,801
cash flow from financing	2,038,429	578,883	809,977	-173,664	221,841	-88,177	-207,357	140,340	55,850	18,544	-59,859	26,408	-35,412	-39,944	316,005
cash and cash equivalents
cash	772,727	-71,041	784,775	418,434	75,061	-82,725	17,826	56,995	-4,902	6,484	14,383	3,203	-18,387	11,325	12,328
overdraft	0	0	-72,529	7,316	-67,629	35,776	-53,929	158,311	0	-78,799	35,128	10,167	501	-4,245	37,248
change in cash	772,727	-71,041	857,304	411,118	142,690	-118,501	71,755	-101,316	-4,902	85,283	-20,745	-6,964	-18,888	15,570	-24,920

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 trek kit (hereford) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in HR4 area or any other competitors across 12 key performance metrics.

TREK KIT (HEREFORD) LIMITED group structure

Trek Kit (Hereford) Limited has no subsidiary companies.

Ultimate parent company

FRILUFTS RETAIL EUROPE AB

#0149681

TREK KIT HOLDINGS LIMITED

13097650

2 parents

TREK KIT (HEREFORD) LIMITED

05668115

TREK KIT (HEREFORD) LIMITED Shareholders

trek kit holdings limited

100%

Trek Kit (Hereford) Limited currently has 3 directors. The longest serving directors include Mr David Cassidy (Jan 2017) and Mr Rolf Hoffman (Aug 2021).

officer	country	age	start	end	role
Mr David Cassidy	United Kingdom	43 years	Jan 2017	-	Director
Mr Rolf Hoffman	United Kingdom	46 years	Aug 2021	-	Director
Mr Jan Lindberg	Sweden	61 years	Aug 2021	-	Director

P&L

December 2023

turnover

9.6m

-10%

operating profit

-203.4k

-144%

gross margin

32.9%

-0.26%

turnover

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

Balance Sheet

December 2023

net assets

2.3m

-0.07%

total assets

7.5m

+0.05%

cash

1.6m

+0.96%

net assets

Total assets minus all liabilities

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2.5

company number

05668115

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

January 2006

ultimate parent company

FRILUFTS RETAIL EUROPE AB

previous names

N/A

address

51 eign gate, hereford, HR4 0AB

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 3 charges/mortgages relating to trek kit (hereford) limited. Currently there are 0 open charges and 3 have been satisfied in the past.

trek kit (hereford) limited Company Information

trek kit (hereford) limited Estimated Valuation

trek kit (hereford) limited Estimated Valuation

trek kit (hereford) limited Estimated Valuation

Trek Kit (hereford) Limited Overview

Trek Kit (hereford) Limited Health Check

TREK KIT (HEREFORD) LIMITED financials

trek kit (hereford) limited Credit Report and Business Information

Trek Kit (hereford) Limited Competitor Analysis

trek kit (hereford) limited Ownership

trek kit (hereford) limited directors

trek kit (hereford) limited company details

trek kit (hereford) limited Charges & Mortgages

trek kit (hereford) limited Companies House Filings - See Documents