Timmins Waste Services Limited

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timmins waste services limited Company Information

Live

EstablishedSmallHealthy

Company Number

05852744

Website

www.timmins-waste.co.uk

Registered Address

mander street mander street, wolverhampton, west midlands, WV3 0JZ

Industry

Treatment and disposal of non-hazardous waste

Telephone

01902772089

Next Accounts Due

June 2025

Group Structure

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Directors

Neal Timmins18 Years

Carl Timmins18 Years

Shareholders

carl william timmins 50%

neil phillip timmins 50%

timmins waste services limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of TIMMINS WASTE SERVICES LIMITED at £1.1m based on a Turnover of £2.4m and 0.49x industry multiple (adjusted for size and gross margin).

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Timmins Waste Services Limited is a live company located in west midlands, WV3 0JZ with a Companies House number of 05852744. It operates in the treatment and disposal of non-hazardous waste sector, SIC Code 38210. Founded in June 2006, it's largest shareholder is carl william timmins with a 50% stake. Timmins Waste Services Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Timmins Waste Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£14.2m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.3%)

EXPORT

Timmins Waste Services Limited's latest turnover from September 2023 is estimated at £2.4 million and the company has net assets of £978.4 thousand. According to their latest financial statements, Timmins Waste Services Limited has 8 employees and maintains cash reserves of £496.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,357,319	2,311,028	1,709,741	2,026,775	1,543,155	1,236,541	1,393,859	1,955,777	4,614,507	2,834,997	2,222,942	1,319,282	1,435,291	1,471,954	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,987,387	1,966,091	1,480,661	1,752,391	1,386,190	1,133,398	1,306,699	1,779,611	4,417,633	2,629,160	2,031,584	1,185,780	1,294,209	1,320,946	0
Gross Profit	369,933	344,936	229,080	274,384	156,965	103,143	87,160	176,166	196,873	205,837	191,358	133,503	141,081	151,008	0
Admin Expenses	292,359	287,437	378,528	228,420	-182,234	-269,178	145,925	147,978	96,007	216,741	111,212	83,858	-9,194	98,725	-146,721
Operating Profit	77,574	57,499	-149,448	45,964	339,199	372,321	-58,765	28,188	100,866	-10,904	80,146	49,645	150,275	52,283	146,721
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	16,254	2,788	171	461	3,859	1,842	389	412	543	357	432	486	255	20	20
Pre-Tax Profit	93,828	60,286	-149,277	46,425	343,058	374,163	-58,376	28,600	101,409	-10,547	80,578	50,132	150,530	52,303	146,740
Tax	-23,457	-11,454	0	-8,821	-65,181	-71,091	0	-5,720	-20,282	0	-18,533	-12,032	-39,138	-14,645	-41,087
Profit After Tax	70,371	48,832	-149,277	37,604	277,877	303,072	-58,376	22,880	81,127	-10,547	62,045	38,100	111,392	37,658	105,653
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	70,371	48,832	-149,277	37,604	277,877	303,072	-58,376	22,880	81,127	-10,547	62,045	38,100	111,392	37,658	105,653
Employee Costs	330,925	269,632	251,923	299,863	242,581	310,266	371,036	123,642	274,772	146,616	115,888	56,927	82,782	81,894	0
Number Of Employees	8	7	7	8	7	9	12	4	9	5	4	2	3	3	0
EBITDA*	153,051	159,516	-22,018	198,832	533,891	578,456	72,590	80,959	152,828	47,009	132,176	97,548	192,594	101,715	179,069

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	237,526	306,508	363,275	416,955	485,656	630,285	405,172	159,808	179,804	219,665	224,003	222,513	227,756	271,095	306,400
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	237,526	306,508	363,275	416,955	485,656	630,285	405,172	159,808	179,804	219,665	224,003	222,513	227,756	271,095	306,400
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	555,897	657,929	565,975	569,285	334,745	304,515	313,494	427,589	890,304	551,326	437,120	257,025	302,199	293,908	277,794
Group Debtors	0	0	1,512	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	42,591	0	0	32,255	26,428	19,786	0	0	0	0	0	0	0
Cash	496,131	154,014	93,792	247,890	674,123	354,834	136,410	174,809	154,488	62,806	79,843	92,820	101,718	253	7,834
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,052,028	811,943	703,870	817,175	1,008,868	691,604	476,332	622,184	1,044,792	614,132	516,963	349,845	403,917	294,161	285,628
total assets	1,289,554	1,118,451	1,067,145	1,234,130	1,494,524	1,321,889	881,504	781,992	1,224,596	833,797	740,966	572,358	631,673	565,256	592,028
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	289,721	189,019	124,155	182,693	312,460	107,879	168,740	282,980	777,011	461,910	357,469	214,202	273,316	294,954	290,858
Group/Directors Accounts	0	0	550	0	0	5,653	4,895	4,103	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	116,745	53,520	0	0	0	0	0	0	0	0
other current liabilities	0	0	46,910	0	0	54,030	24,168	26,359	0	0	0	0	0	0	0
total current liabilities	289,721	189,019	171,615	182,693	312,460	284,307	251,323	313,442	777,011	461,910	357,469	214,202	273,316	294,954	290,858
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	284,976	196,240	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	22,155	27,584	0	0	0	0	0
other liabilities	0	0	0	0	168,231	0	0	0	0	0	3,300	42,900	82,500	126,989	195,515
provisions	21,420	21,390	36,320	42,950	42,950	59,600	44,007	20,240	0	0	25,347	22,451	21,152	0	0
total long term liabilities	21,420	21,390	36,320	42,950	211,181	344,576	240,247	20,240	22,155	27,584	28,647	65,351	103,652	126,989	195,515
total liabilities	311,141	210,409	207,935	225,643	523,641	628,883	491,570	333,682	799,166	489,494	386,116	279,553	376,968	421,943	486,373
net assets	978,413	908,042	859,210	1,008,487	970,883	693,006	389,934	448,310	425,430	344,303	354,850	292,805	254,705	143,313	105,655
total shareholders funds	978,413	908,042	859,210	1,008,487	970,883	693,006	389,934	448,310	425,430	344,303	354,850	292,805	254,705	143,313	105,655

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	77,574	57,499	-149,448	45,964	339,199	372,321	-58,765	28,188	100,866	-10,904	80,146	49,645	150,275	52,283	146,721
Depreciation	75,477	102,017	127,430	152,868	194,692	206,135	131,355	52,771	51,962	57,913	52,030	47,903	42,319	49,432	32,348
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-23,457	-11,454	0	-8,821	-65,181	-71,091	0	-5,720	-20,282	0	-18,533	-12,032	-39,138	-14,645	-41,087
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-102,032	47,851	40,793	234,540	-2,025	-3,152	-107,453	-442,929	338,978	114,206	180,095	-45,174	8,291	16,114	277,794
Creditors	100,702	64,864	-58,538	-129,767	204,581	-60,861	-114,240	-494,031	315,101	104,441	143,267	-59,114	-21,638	4,096	290,858
Accruals and Deferred Income	0	-46,910	46,910	0	-54,030	29,862	-2,191	4,204	-5,429	27,584	0	0	0	0	0
Deferred Taxes & Provisions	30	-14,930	-6,630	0	-16,650	15,593	23,767	20,240	0	-25,347	2,896	1,299	21,152	0	0
Cash flow from operations	332,358	103,235	-81,069	-174,296	604,636	495,111	87,379	48,581	103,240	39,481	79,711	72,875	144,679	75,052	151,046
Investing Activities
capital expenditure	-6,495	-45,250	-73,750	-84,167	-50,063	-431,248	-376,719	-32,775	-12,101	-53,575	-53,520	-42,660	1,020	-14,127	-338,748
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,495	-45,250	-73,750	-84,167	-50,063	-431,248	-376,719	-32,775	-12,101	-53,575	-53,520	-42,660	1,020	-14,127	-338,748
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-550	550	0	-5,653	758	792	4,103	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	-401,721	151,961	249,760	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-168,231	168,231	0	0	0	0	-3,300	-39,600	-39,600	-44,489	-68,526	195,515
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	16,254	2,788	171	461	3,859	1,842	389	412	543	357	432	486	255	20	20
cash flow from financing	16,254	2,238	721	-167,770	-235,284	154,561	250,941	4,515	543	-2,943	-39,168	-39,114	-44,234	-68,506	195,537
cash and cash equivalents
cash	342,117	60,222	-154,098	-426,233	319,289	218,424	-38,399	20,321	91,682	-17,037	-12,977	-8,898	101,465	-7,581	7,834
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	342,117	60,222	-154,098	-426,233	319,289	218,424	-38,399	20,321	91,682	-17,037	-12,977	-8,898	101,465	-7,581	7,834

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 timmins waste services limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in WV3 area or any other competitors across 12 key performance metrics.

TIMMINS WASTE SERVICES LIMITED group structure

Timmins Waste Services Limited has no subsidiary companies.

Ultimate parent company

TIMMINS WASTE SERVICES LIMITED

05852744

TIMMINS WASTE SERVICES LIMITED Shareholders

carl william timmins	50%
neil phillip timmins	50%

Timmins Waste Services Limited currently has 2 directors. The longest serving directors include Mr Neal Timmins (Jun 2006) and Mr Carl Timmins (Aug 2006).

officer	country	age	start	end	role
Mr Neal Timmins		52 years	Jun 2006	-	Director
Mr Carl Timmins	England	48 years	Aug 2006	-	Director

P&L

September 2023

turnover

2.4m

+2%

operating profit

77.6k

gross margin

15.7%

+5.14%

turnover

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

Balance Sheet

September 2023

net assets

978.4k

+0.08%

total assets

1.3m

+0.15%

cash

496.1k

+2.22%

net assets

Total assets minus all liabilities

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company number

05852744

Type

Private limited with Share Capital

industry

38210 - Treatment and disposal of non-hazardous waste

incorporation date

June 2006

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

mander street mander street, wolverhampton, west midlands, WV3 0JZ

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timmins waste services limited Company Information

timmins waste services limited Estimated Valuation

timmins waste services limited Estimated Valuation

timmins waste services limited Estimated Valuation

Timmins Waste Services Limited Overview

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TIMMINS WASTE SERVICES LIMITED financials

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