Trico Freight Uk Limited

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trico freight uk limited Company Information

Company Number

06561897

Next Accounts

Feb 2025

Directors

Ashoka Wijesinghe

Shareholders

ashoka wijesinghe

ismail ravat

Group Structure

View All

Industry

Freight transport by road

Registered Address

c/o edge recovery limited 5-7, ravensbourne road, bromley, BR1 1HN

Website

www.tricocarshipping.co.uk

trico freight uk limited Estimated Valuation

£614.1k

Pomanda estimates the enterprise value of TRICO FREIGHT UK LIMITED at £614.1k based on a Turnover of £1m and 0.59x industry multiple (adjusted for size and gross margin).

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Trico Freight Uk Limited is a dissolved company that was located in bromley, BR1 1HN with a Companies House number of 06561897. It operated in the freight transport by road sector, SIC Code 49410. Founded in April 2008, it's largest shareholder was ashoka wijesinghe with a 80% stake. The last turnover for Trico Freight Uk Limited was estimated at £1m.

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Pomanda's financial health check has awarded Trico Freight Uk Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

2 Regular

9 Weak

Size

annual sales of £1m, make it smaller than the average company (£6.6m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.3%)

EXPORT

Trico Freight Uk Limited's latest turnover from March 2018 is estimated at £1 million and the company has net assets of -£75.6 thousand. According to their latest financial statements, we estimate that Trico Freight Uk Limited has 6 employees and maintains cash reserves of £48 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,039,098	1,027,986	2,029,324	1,126,964	804,042	495,577	490,917	355,672	319,118
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	824,149	809,703	1,606,446	903,203	655,698	404,855	393,364	281,777	246,983
Gross Profit	214,949	218,283	422,878	223,761	148,343	90,723	97,554	73,895	72,135
Admin Expenses	328,240	219,660	410,024	243,900	157,010	111,687	6,291	65,884	65,926
Operating Profit	-113,291	-1,377	12,854	-20,139	-8,667	-20,964	91,263	8,011	6,209
Interest Payable	2,604	1,061	0	0	0	0	0	0	0
Interest Receivable	3	2	31	46	33	143	175	66	16
Pre-Tax Profit	-115,892	-2,436	12,885	-20,093	-8,634	-20,821	91,438	8,077	6,225
Tax	0	0	-2,577	0	0	0	-21,945	-2,100	-1,743
Profit After Tax	-115,892	-2,436	10,308	-20,093	-8,634	-20,821	69,493	5,977	4,482
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	-115,892	-2,436	10,308	-20,093	-8,634	-20,821	69,493	5,977	4,482
Employee Costs	253,275	292,120	486,252	278,234	192,103	113,243	108,433	109,089	108,246
Number Of Employees	6	7	12	7	5	3	3	3	3
EBITDA*	-109,270	-1,377	12,854	-9,391	-3,226	-16,806	100,112	9,386	7,840

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	13,079	17,100	17,100	30,055	18,332	18,664	22,822	4,493	5,182
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	43,678	0	0	0	0	0	0	0
Total Fixed Assets	13,079	60,778	17,100	30,055	18,332	18,664	22,822	4,493	5,182
Stock & work in progress	0	0	0	0	0	0	0	0	0
Trade Debtors	193,538	134,716	238,684	108,892	90,120	51,489	37,656	16,557	34,025
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	11,121	62,108	0	32,731	33,006	45,783	51,086	42,950	0
Cash	48	1,280	0	12,312	6,165	7,020	50,024	20,154	6,417
misc current assets	0	0	2,317	0	0	0	0	0	0
total current assets	204,707	198,104	241,001	153,935	129,291	104,292	138,766	79,661	40,442
total assets	217,786	258,882	258,101	183,990	147,623	122,956	161,588	84,154	45,624
Bank overdraft	9,687	9,478	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	40,773	99,305	207,955	151,586	95,126	61,825	79,636	71,695	39,142
Group/Directors Accounts	11,796	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	194,662	85,354	0	0	0	0	0	0	0
total current liabilities	256,918	194,137	207,955	151,586	95,126	61,825	79,636	71,695	39,142
loans	36,484	24,469	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	9,434	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0
total long term liabilities	36,484	24,469	9,434	0	0	0	0	0	0
total liabilities	293,402	218,606	217,389	151,586	95,126	61,825	79,636	71,695	39,142
net assets	-75,616	40,276	40,712	32,404	52,497	61,131	81,952	12,459	6,482
total shareholders funds	-75,616	40,276	40,712	32,404	52,497	61,131	81,952	12,459	6,482

	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-113,291	-1,377	12,854	-20,139	-8,667	-20,964	91,263	8,011	6,209
Depreciation	4,021	0	0	10,748	5,441	4,158	8,849	1,375	1,631
Amortisation	0	0	0	0	0	0	0	0	0
Tax	0	0	-2,577	0	0	0	-21,945	-2,100	-1,743
Stock	0	0	0	0	0	0	0	0	0
Debtors	-35,843	1,818	97,061	18,497	25,854	8,530	29,235	25,482	34,025
Creditors	-58,532	-108,650	56,369	56,460	33,301	-17,811	7,941	32,553	39,142
Accruals and Deferred Income	109,308	75,920	9,434	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0
Cash flow from operations	-22,651	-35,925	-20,981	28,572	4,221	-43,147	56,873	14,357	11,214
Investing Activities
capital expenditure	0	0	12,955	-22,471	-5,109	0	-27,178	-686	-6,813
Change in Investments	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	12,955	-22,471	-5,109	0	-27,178	-686	-6,813
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	11,796	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0
Long term loans	12,015	24,469	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0
share issue	0	2,000	-2,000	0	0	0	0	0	2,000
interest	-2,601	-1,059	31	46	33	143	175	66	16
cash flow from financing	21,210	25,410	-1,969	46	33	143	175	66	2,016
cash and cash equivalents
cash	-1,232	1,280	-12,312	6,147	-855	-43,004	29,870	13,737	6,417
overdraft	209	9,478	0	0	0	0	0	0	0
change in cash	-1,441	-8,198	-12,312	6,147	-855	-43,004	29,870	13,737	6,417

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TRICO FREIGHT UK LIMITED group structure

Trico Freight Uk Limited has no subsidiary companies.

Ultimate parent company

TRICO FREIGHT UK LIMITED

06561897

TRICO FREIGHT UK LIMITED Shareholders

ashoka wijesinghe	80%
ismail ravat	20%

Trico Freight Uk Limited currently has 1 director, Ms Ashoka Wijesinghe serving since Oct 2015.

officer	country	age	start	end	role
Ms Ashoka Wijesinghe	England	68 years	Oct 2015	-	Director

P&L

March 2018

turnover

+1%

operating profit

-113.3k

gross margin

20.7%

-2.58%

turnover

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

Balance Sheet

March 2018

net assets

-75.6k

-2.88%

total assets

217.8k

-0.16%

cash

-0.96%

net assets

Total assets minus all liabilities

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company number

06561897

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

50200 - Sea and coastal freight water transport

incorporation date

April 2008

ultimate parent company

None

previous names

N/A

address

c/o edge recovery limited 5-7, ravensbourne road, bromley, BR1 1HN

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.

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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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trico freight uk limited Company Information

trico freight uk limited Estimated Valuation

trico freight uk limited Estimated Valuation

trico freight uk limited Estimated Valuation

Trico Freight Uk Limited Overview

Trico Freight Uk Limited Health Check

TRICO FREIGHT UK LIMITED financials

trico freight uk limited Credit Report and Business Information

Trico Freight Uk Limited Competitor Analysis

trico freight uk limited Ownership

trico freight uk limited directors

trico freight uk limited company details

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trico freight uk limited Capital Raised & Share Issues BETA

trico freight uk limited Companies House Filings - See Documents