Network Tyre & Auto Limited

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network tyre & auto limited Company Information

Live

EstablishedSmallHigh

Company Number

06533485

Website

www.maidstonetyrescentre.co.uk

Registered Address

adams & moore house, instone road, dartford, DA1 2AG

Industry

Retail trade of motor vehicle parts and accessories

Telephone

01622600252

Next Accounts Due

March 2025

Group Structure

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Directors

Jason Harding16 Years

Nigel Shellan13 Years

Shareholders

jason colin harding 91.3%

amy harding 4.4%

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network tyre & auto limited Estimated Valuation

£539.6k - £1.3m

The estimated valuation range for network tyre & auto limited, derived from financial data as of June 2023 and the most recent industry multiples, is between £539.6k to £1.3m

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Network Tyre & Auto Limited AI Business Plan

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Network Tyre & Auto Limited is a live company located in dartford, DA1 2AG with a Companies House number of 06533485. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in March 2008, it's largest shareholder is jason colin harding with a 91.3% stake. Network Tyre & Auto Limited is a established, small sized company, Pomanda has estimated its turnover at £4.3m with high growth in recent years.

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Pomanda's financial health check has awarded Network Tyre & Auto Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £4.3m, make it in line with the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (6.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NETWORK TYRE & AUTO LIMITED group structure

Network Tyre & Auto Limited has no subsidiary companies.

Ultimate parent company

NETWORK TYRE & AUTO LIMITED

06533485

NETWORK TYRE & AUTO LIMITED Shareholders

jason colin harding	91.3%
amy harding	4.35%
nigel shellan	4.35%

Network Tyre & Auto Limited currently has 2 directors. The longest serving directors include Mr Jason Harding (Mar 2008) and Mr Nigel Shellan (Apr 2011).

officer	country	age	start	end	role
Mr Jason Harding	United Kingdom	47 years	Mar 2008	-	Director
Mr Nigel Shellan	England	61 years	Apr 2011	-	Director

EXPORT

Network Tyre & Auto Limited's latest turnover from June 2023 is estimated at £4.3 million and the company has net assets of £243.4 thousand. According to their latest financial statements, Network Tyre & Auto Limited has 45 employees and maintains cash reserves of £137.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Mar 2012	Mar 2011	Mar 2010
Turnover	4,335,776	3,699,052	2,490,883	2,169,172	2,648,425	2,204,892	1,757,309	1,802,858	2,176,228	1,966,016	1,060,596	710,632	351,769	247,466	344,502
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,922,467	2,527,679	1,746,099	1,508,029	1,709,568	1,468,816	1,161,914	1,229,303	1,463,973	1,345,797	703,822	350,865	169,519	165,245	230,987
Gross Profit	1,413,309	1,171,374	744,784	661,144	938,856	736,076	595,395	573,556	712,256	620,219	356,773	359,767	182,250	82,221	113,515
Admin Expenses	1,308,882	1,270,422	821,682	501,053	875,505	724,609	625,738	534,325	646,967	611,521	327,609	326,905	111,472	-15,831	183,675
Operating Profit	104,427	-99,048	-76,898	160,091	63,351	11,467	-30,343	39,231	65,289	8,698	29,164	32,862	70,778	98,052	-70,160
Interest Payable	35,118	26,727	15,692	4,503	263	711	1,031	614	0	0	0	0	68	0	0
Interest Receivable	7,672	3,376	343	211	895	558	352	634	304	335	281	0	0	156	38
Pre-Tax Profit	76,981	-122,399	-92,247	155,799	63,983	11,314	-31,022	39,251	65,593	9,033	29,444	32,862	70,710	98,208	-70,122
Tax	-19,245	0	0	-29,602	-12,157	-2,150	0	-7,850	-13,118	-1,897	-6,772	0	0	-27,498	0
Profit After Tax	57,736	-122,399	-92,247	126,197	51,826	9,164	-31,022	31,401	52,474	7,136	22,672	32,862	70,710	70,710	-70,122
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	25,628	0	0	0
Retained Profit	57,736	-122,399	-92,247	126,197	51,826	9,164	-31,022	31,401	52,474	7,136	22,672	7,234	70,710	70,710	-70,122
Employee Costs	1,302,639	1,176,934	819,013	719,639	572,681	558,596	371,829	386,624	336,545	346,486	188,688	138,716	69,455	46,675	68,146
Number Of Employees	45	44	32	27	22	22	16	16	14	14	8	6	3	2	3
EBITDA*	144,286	-56,516	-30,910	182,418	72,642	23,768	-14,042	39,231	88,945	11,700	45,045	47,836	70,778	99,247	-69,972

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	75,043	82,424	95,066	38,695	29,336	38,627	50,928	53,228	70,972	70,261	47,642	32,940	3,584	3,584	562
Intangible Assets	145,500	168,000	190,500	108,000	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	26,000	14,000	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	220,543	250,424	285,566	146,695	29,336	38,627	50,928	79,228	84,972	70,261	47,642	32,940	3,584	3,584	562
Stock & work in progress	482,390	403,898	464,710	375,310	308,725	254,626	237,090	207,210	230,402	146,514	67,386	60,706	8,081	8,081	7,440
Trade Debtors	493,532	430,415	285,561	259,855	413,522	327,246	273,944	232,084	284,588	221,937	131,369	113,529	20,008	24,273	20,764
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	157,808	168,738	135,458	118,272	0	119,104	115,965	118,630	0	0	0	0	4,265	0	0
Cash	137,366	169,527	370,698	314,929	106,829	131,720	91,618	190,217	63,470	58,074	75,792	36,464	47,421	47,421	15,023
misc current assets	26,000	26,000	26,000	26,000	26,000	26,000	31,579	0	0	0	0	0	0	0	0
total current assets	1,297,096	1,198,578	1,282,427	1,094,366	855,076	858,696	750,196	748,141	578,460	426,525	274,547	210,699	79,775	79,775	43,227
total assets	1,517,639	1,449,002	1,567,993	1,241,061	884,412	897,323	801,124	827,369	663,432	496,786	322,189	243,639	83,359	83,359	43,789
Bank overdraft	0	0	0	0	0	7,789	14,097	18,889	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	838,659	748,368	530,446	311,512	536,281	405,518	340,225	303,608	361,172	258,276	163,967	139,815	58,183	82,769	113,909
Group/Directors Accounts	3,012	1,401	115,580	118,520	0	90,091	91,427	0	0	0	0	0	7,804	0	0
other short term finances	117,459	34,658	30,027	30,809	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	28,377	40,691	14,799	19,472	0	17,382	17,387	0	0	0	0	0	0	0	0
other current liabilities	136,131	102,391	158,251	169,584	0	80,238	44,620	180,482	0	0	0	0	16,782	0	0
total current liabilities	1,123,638	927,509	849,103	649,897	536,281	601,018	507,756	502,979	361,172	258,276	163,967	139,815	82,769	82,769	113,909
loans	150,583	335,811	336,809	116,836	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	6,375	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	6,375	15,646	4,370	6,218	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	150,583	335,811	336,809	116,836	0	0	6,375	6,375	15,646	4,370	6,218	0	0	0	0
total liabilities	1,274,221	1,263,320	1,185,912	766,733	536,281	601,018	514,131	509,354	376,818	262,646	170,185	139,815	82,769	82,769	113,909
net assets	243,418	185,682	382,081	474,328	348,131	296,305	286,993	318,015	286,614	234,140	152,004	103,824	590	590	-70,120
total shareholders funds	243,418	185,682	382,081	474,328	348,131	296,305	286,993	318,015	286,614	234,140	152,004	103,824	590	590	-70,120

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	104,427	-99,048	-76,898	160,091	63,351	11,467	-30,343	39,231	65,289	8,698	29,164	32,862	70,778	98,052	-70,160
Depreciation	17,359	20,032	23,488	10,327	9,291	12,301	16,301	0	23,656	3,002	15,881	14,974	0	1,195	188
Amortisation	22,500	22,500	22,500	12,000	0	0	0	0	0	0	0	0	0	0	0
Tax	-19,245	0	0	-29,602	-12,157	-2,150	0	-7,850	-13,118	-1,897	-6,772	0	0	-27,498	0
Stock	78,492	-60,812	89,400	66,585	54,099	17,536	29,880	-23,192	83,888	79,128	6,680	52,625	0	641	7,440
Debtors	52,187	178,134	42,892	-35,395	-32,828	56,441	39,195	66,126	62,651	90,568	17,840	89,256	0	3,509	20,764
Creditors	90,291	217,922	218,934	-224,769	130,763	65,293	36,617	-57,564	102,896	94,309	24,152	57,046	-24,586	-31,140	113,909
Accruals and Deferred Income	33,740	-55,860	-11,333	169,584	-80,238	35,618	-135,862	180,482	0	0	0	0	16,782	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	118,393	-11,776	44,399	66,441	89,739	48,552	-182,362	111,365	32,184	-65,584	37,905	-36,999	62,974	36,459	15,733
Investing Activities
capital expenditure	-9,978	-7,390	-184,859	-139,686	0	0	-14,001	17,744	-24,367	-25,621	-30,583	-44,330	0	-4,217	-750
Change in Investments	0	0	0	0	0	0	-26,000	12,000	14,000	0	0	0	0	0	0
cash flow from investments	-9,978	-7,390	-184,859	-139,686	0	0	11,999	5,744	-38,367	-25,621	-30,583	-44,330	0	-4,217	-750
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,611	-114,179	-2,940	118,520	-90,091	-1,336	91,427	0	0	0	0	0	7,804	0	0
Other Short Term Loans	82,801	4,631	-782	30,809	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-185,228	-998	219,973	116,836	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-12,314	25,892	-4,673	19,472	-17,382	-6,380	23,762	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-6,375	-9,271	11,276	-1,848	6,218	0	0	0	0
share issue	0	-74,000	0	0	0	148	0	0	0	75,000	25,508	96,000	-70,710	0	2
interest	-27,446	-23,351	-15,349	-4,292	632	-153	-679	20	304	335	281	0	-68	156	38
cash flow from financing	-140,576	-182,005	196,229	281,345	-106,841	-7,721	108,135	-9,251	11,580	73,487	32,007	96,000	-62,974	156	40
cash and cash equivalents
cash	-32,161	-201,171	55,769	208,100	-24,891	40,102	-98,599	126,747	5,396	-17,718	39,328	-10,957	0	32,398	15,023
overdraft	0	0	0	0	-7,789	-6,308	-4,792	18,889	0	0	0	0	0	0	0
change in cash	-32,161	-201,171	55,769	208,100	-17,102	46,410	-93,807	107,858	5,396	-17,718	39,328	-10,957	0	32,398	15,023

P&L

June 2023

turnover

4.3m

+17%

operating profit

104.4k

gross margin

32.6%

+2.94%

turnover

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

Balance Sheet

June 2023

net assets

243.4k

+0.31%

total assets

1.5m

+0.05%

cash

137.4k

-0.19%

net assets

Total assets minus all liabilities

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company number

06533485

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

March 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

network tyre auto limited (June 2011)

castleview tyre & auto limited (April 2011)

incorporated

address

adams & moore house, instone road, dartford, DA1 2AG

last accounts submitted

June 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 found 2 charges/mortgages relating to network tyre & auto limited. Currently there are 2 open charges and 0 have been satisfied in the past.

network tyre & auto limited Company Information

network tyre & auto limited Estimated Valuation

network tyre & auto limited Estimated Valuation

network tyre & auto limited Estimated Valuation

Network Tyre & Auto Limited AI Business Plan

Network Tyre & Auto Limited Overview

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NETWORK TYRE & AUTO LIMITED financials

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network tyre & auto limited Companies House Filings - See Documents