Pomanda estimates the enterprise value of TRUCK TYRE SOLUTIONS LTD at £733.2k based on a Turnover of £2.5m and 0.29x industry multiple (adjusted for size and gross margin).
truck tyre solutions ltdEstimated Valuation
£395.2k
Pomanda estimates the enterprise value of TRUCK TYRE SOLUTIONS LTD at £395.2k based on an EBITDA of £101.1k and a 3.91x industry multiple (adjusted for size and gross margin).
truck tyre solutions ltdEstimated Valuation
£286.9k
Pomanda estimates the enterprise value of TRUCK TYRE SOLUTIONS LTD at £286.9k based on Net Assets of £129.1k and 2.22x industry multiple (adjusted for liquidity).
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Truck Tyre Solutions LtdOverview
Truck Tyre Solutions Ltd is a live company located in w midlands, B65 0LJ with a Companies House number of 05733614. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in March 2006, it's largest shareholder is
paul jackson
with a 60% stake. Truck Tyre Solutions Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£2.5m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Truck Tyre Solutions Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
2 Regular
8 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£16.1m)
£2.5m - Truck Tyre Solutions Ltd
£16.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11.2%)
7% - Truck Tyre Solutions Ltd
11.2% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
28.4% - Truck Tyre Solutions Ltd
28.4% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (5.7%)
2.3% - Truck Tyre Solutions Ltd
5.7% - Industry AVG
Employees
with 13 employees, this is below the industry average (51)
13 - Truck Tyre Solutions Ltd
51 - Industry AVG
Pay Structure
on an average salary of £38k, the company has an equivalent pay structure (£38k)
£38k - Truck Tyre Solutions Ltd
£38k - Industry AVG
Efficiency
resulting in sales per employee of £192.6k, this is less efficient (£290.8k)
£192.6k - Truck Tyre Solutions Ltd
£290.8k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (50 days)
66 days - Truck Tyre Solutions Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (44 days)
76 days - Truck Tyre Solutions Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is less than average (100 days)
44 days - Truck Tyre Solutions Ltd
100 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (10 weeks)
4 weeks - Truck Tyre Solutions Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (50.7%)
86% - Truck Tyre Solutions Ltd
50.7% - Industry AVG
TRUCK TYRE SOLUTIONS LTD financials
EXPORT
Truck Tyre Solutions Ltd's latest turnover from February 2024 is estimated at £2.5 million and the company has net assets of £129.1 thousand. According to their latest financial statements, Truck Tyre Solutions Ltd has 13 employees and maintains cash reserves of £58.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
2,503,959
2,625,477
2,489,865
2,030,703
2,313,804
2,357,339
1,923,409
1,947,708
2,291,085
3,171,366
4,742,981
3,688,039
2,312,917
3,701,449
1,774,733
Other Income Or Grants
Cost Of Sales
1,792,668
1,884,463
1,797,091
1,479,840
1,701,715
1,741,624
1,395,246
1,407,630
1,623,914
2,277,069
3,424,930
2,680,792
1,672,780
2,661,847
1,284,890
Gross Profit
711,291
741,015
692,774
550,864
612,090
615,714
528,162
540,078
667,170
894,297
1,318,051
1,007,246
640,138
1,039,601
489,843
Admin Expenses
655,048
681,266
632,092
511,156
612,124
612,218
548,386
535,546
557,097
913,175
1,341,302
1,062,527
615,753
1,033,831
482,788
Operating Profit
56,243
59,749
60,682
39,708
-34
3,496
-20,224
4,532
110,073
-18,878
-23,251
-55,281
24,385
5,770
7,055
Interest Payable
6,525
12,759
10,532
10,501
6,392
4,361
4,361
Interest Receivable
2,481
1,235
154
38
186
186
109
90
218
96
113
178
111
106
106
Pre-Tax Profit
58,724
60,984
60,836
39,746
-6,373
-9,077
-30,647
-5,879
103,900
-18,782
-23,138
-59,464
20,135
5,876
7,161
Tax
-14,681
-11,587
-11,559
-7,552
-20,780
-5,235
-1,645
-2,005
Profit After Tax
44,043
49,397
49,277
32,194
-6,373
-9,077
-30,647
-5,879
83,120
-18,782
-23,138
-59,464
14,900
4,231
5,156
Dividends Paid
Retained Profit
44,043
49,397
49,277
32,194
-6,373
-9,077
-30,647
-5,879
83,120
-18,782
-23,138
-59,464
14,900
4,231
5,156
Employee Costs
494,624
417,859
404,973
426,752
392,215
404,871
336,255
478,899
312,663
380,841
551,579
437,007
267,013
456,963
236,878
Number Of Employees
13
12
12
13
12
13
11
16
11
14
20
16
10
17
9
EBITDA*
101,081
94,915
87,352
59,807
17,921
15,240
-5,376
17,948
110,073
-9,844
-10,942
-55,281
30,604
12,417
14,492
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
170,651
117,365
159,885
93,863
82,395
68,022
43,711
51,233
41,250
22,271
33,270
20,568
19,800
20,721
23,184
Intangible Assets
4,800
9,600
14,400
19,200
24,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
170,651
117,365
159,885
93,863
82,395
68,022
43,711
56,033
50,850
36,671
52,470
44,568
19,800
20,721
23,184
Stock & work in progress
219,484
227,410
249,996
177,017
180,044
231,790
169,423
127,487
146,565
197,357
234,094
243,119
142,537
39,546
19,922
Trade Debtors
458,211
496,659
466,507
356,628
417,309
406,207
349,680
323,108
480,913
527,088
874,234
582,319
473,293
836,345
349,120
Group Debtors
Misc Debtors
12,883
9,723
13,849
10,997
13,538
13,561
12,407
10,360
19,129
44,775
45,126
14,510
Cash
58,295
36,212
25,553
36,140
39,066
10,455
39,146
4,558
67,262
20,100
18,278
26,778
44,278
42,429
misc current assets
total current assets
748,873
770,004
755,905
569,785
647,416
661,990
571,810
467,560
705,100
744,545
1,145,735
896,991
705,234
875,891
425,981
total assets
919,524
887,369
915,790
663,648
729,811
730,012
615,521
523,593
755,950
781,216
1,198,205
941,559
725,034
896,612
449,165
Bank overdraft
193,326
184,705
139,371
196,664
134,174
Bank loan
Trade Creditors
377,441
380,811
478,872
358,077
426,895
489,507
413,151
322,399
490,850
858,213
1,256,420
967,522
552,468
882,674
439,586
Group/Directors Accounts
other short term finances
hp & lease commitments
16,243
8,033
8,033
other current liabilities
288,884
362,342
315,055
275,434
306,492
33,062
21,549
25,910
56,897
10,045
total current liabilities
666,325
743,153
793,927
633,511
733,387
732,138
627,438
495,713
744,411
858,213
1,256,420
967,522
696,687
882,674
439,586
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
97,427
47,923
71,204
26,746
27,577
20,319
6,095
14,128
5,000
provisions
26,714
11,278
15,041
17,050
14,700
11,619
6,975
8,092
4,114
3,960
4,451
4,323
total long term liabilities
124,141
59,201
86,245
43,796
42,277
31,938
13,070
22,220
9,114
3,960
4,451
4,323
total liabilities
790,466
802,354
880,172
677,307
775,664
764,076
640,508
517,933
744,411
858,213
1,256,420
976,636
700,647
887,125
443,909
net assets
129,058
85,015
35,618
-13,659
-45,853
-34,064
-24,987
5,660
11,539
-76,997
-58,215
-35,077
24,387
9,487
5,256
total shareholders funds
129,058
85,015
35,618
-13,659
-45,853
-34,064
-24,987
5,660
11,539
-76,997
-58,215
-35,077
24,387
9,487
5,256
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
56,243
59,749
60,682
39,708
-34
3,496
-20,224
4,532
110,073
-18,878
-23,251
-55,281
24,385
5,770
7,055
Depreciation
44,838
35,166
26,670
20,099
17,955
11,744
10,048
8,616
4,234
7,509
6,219
6,647
7,437
Amortisation
4,800
4,800
4,800
4,800
Tax
-14,681
-11,587
-11,559
-7,552
-20,780
-5,235
-1,645
-2,005
Stock
-7,926
-22,586
72,979
-3,027
-51,746
62,367
41,936
-19,078
-50,792
-36,737
-9,025
100,582
102,991
19,624
19,922
Debtors
-35,288
26,026
123,728
-71,678
8,561
56,504
27,726
-155,758
-35,815
-366,275
266,269
108,675
-317,926
472,715
363,630
Creditors
-3,370
-98,061
120,795
-68,818
-62,612
76,356
90,752
-168,451
-367,363
-398,207
288,898
415,054
-330,206
443,088
439,586
Accruals and Deferred Income
-73,458
47,287
39,621
-31,058
273,430
11,513
-4,361
-30,987
56,897
-10,045
10,045
Deferred Taxes & Provisions
15,436
-3,763
-2,009
2,350
3,081
4,644
-1,117
8,092
-4,114
154
-491
128
4,323
Cash flow from operations
68,222
25,351
37,493
29,434
275,005
-11,118
10,236
1,438
-134,566
-5,039
16,598
140,625
-80,348
-38,351
72,844
Investing Activities
capital expenditure
-98,124
7,354
-92,692
-31,567
-32,328
-36,055
-2,526
-18,599
-14,179
6,765
-20,211
-24,768
-5,298
-4,184
-30,621
Change in Investments
cash flow from investments
-98,124
7,354
-92,692
-31,567
-32,328
-36,055
-2,526
-18,599
-14,179
6,765
-20,211
-24,768
-5,298
-4,184
-30,621
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-16,243
8,210
8,033
other long term liabilities
49,504
-23,281
44,458
-831
7,258
14,224
-8,033
14,128
-5,000
5,000
share issue
-5,416
5,416
100
interest
2,481
1,235
154
38
-6,339
-12,573
-10,423
-10,411
-6,174
96
113
-4,183
-4,250
106
106
cash flow from financing
51,985
-22,046
44,612
-793
-20,740
9,861
-18,456
11,750
-758
96
-4,887
817
-4,250
106
206
cash and cash equivalents
cash
22,083
10,659
-10,587
-2,926
28,611
-28,691
34,588
-62,704
47,162
1,822
-8,500
-17,500
44,278
-42,429
42,429
overdraft
-193,326
8,621
45,334
-57,293
196,664
-134,174
134,174
change in cash
22,083
10,659
-10,587
-2,926
221,937
-37,312
-10,746
-5,411
-149,502
1,822
-8,500
116,674
-89,896
-42,429
42,429
truck tyre solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for truck tyre solutions ltd. Get real-time insights into truck tyre solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for truck tyre solutions ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in B65 area or any other competitors across 12 key performance metrics.
truck tyre solutions ltd Ownership
TRUCK TYRE SOLUTIONS LTD group structure
Truck Tyre Solutions Ltd has no subsidiary companies.
Ultimate parent company
TRUCK TYRE SOLUTIONS LTD
05733614
TRUCK TYRE SOLUTIONS LTD Shareholders
The largest shareholders in Truck Tyre Solutions Ltd include Paul Jackson and Andrew Paul Jackson.
paul jackson
60%
andrew paul jackson
20%
craig jackson
20%
truck tyre solutions ltd directors
Truck Tyre Solutions Ltd currently has 3 directors.
The longest serving directors include
Mr Paul Jackson (Mar 2006) and
Mr Andrew Jackson (Jun 2009).
45310 - Wholesale trade of motor vehicle parts and accessories
incorporation date
March 2006
age
19
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
station road, rowley regis, w midlands, B65 0LJ
Bank
-
Legal Advisor
-
truck tyre solutions ltd 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 truck tyre solutions ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
truck tyre solutions ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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truck tyre solutions ltdCompanies House Filings - See Documents
