Tanker Service Solutions Ltd

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tanker service solutions ltd Company Information

Company Number

06813813

Next Accounts

Apr 2025

Directors

Nigel Yates

Shareholders

nigel yates

Group Structure

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Industry

Repair and maintenance of other transport equipment

Registered Address

c/o gaines robson insolvency ltd, carrwood park, leeds, LS15 4LG

Website

www.tankerservicesolutions.co.uk

tanker service solutions ltd Estimated Valuation

£363.4k

Pomanda estimates the enterprise value of TANKER SERVICE SOLUTIONS LTD at £363.4k based on a Turnover of £1m and 0.35x industry multiple (adjusted for size and gross margin).

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Tanker Service Solutions Ltd is a dissolved company that was located in leeds, LS15 4LG with a Companies House number of 06813813. It operated in the repair and maintenance of other transport equipment n.e.c. sector, SIC Code 33170. Founded in February 2009, it's largest shareholder was nigel yates with a 100% stake. The last turnover for Tanker Service Solutions Ltd was estimated at £1m.

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Pomanda's financial health check has awarded Tanker Service Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £1m, make it larger than the average company (£480k)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.5%)

EXPORT

Tanker Service Solutions Ltd's latest turnover from February 2021 is estimated at £1 million and the company has net assets of £70.7 thousand. According to their latest financial statements, Tanker Service Solutions Ltd has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,046,890	836,456	698,592	587,633	523,957	559,377	498,959	563,735	609,378	376,655	367,839	361,157
Other Income Or Grants
Cost Of Sales	823,474	656,798	581,446	469,620	412,293	452,427	401,957	450,429	474,820	302,601	280,975	287,819
Gross Profit	223,416	179,658	117,146	118,014	111,664	106,950	97,002	113,306	134,558	74,053	86,864	73,338
Admin Expenses	180,872	205,929	95,051	105,727	76,235	120,514	116,240	111,283	133,263	91,154	59,257	26,830
Operating Profit	42,544	-26,271	22,095	12,287	35,429	-13,564	-19,238	2,023	1,295	-17,101	27,607	46,508
Interest Payable
Interest Receivable				8	4	7	56	59	33	45	81	60
Pre-Tax Profit	42,544	-26,271	22,095	12,295	35,434	-13,557	-19,182	2,082	1,328	-17,056	27,688	46,568
Tax	-8,083		-4,198	-2,336	-7,087			-479	-319		-7,752	-13,039
Profit After Tax	34,461	-26,271	17,897	9,959	28,347	-13,557	-19,182	1,603	1,009	-17,056	19,935	33,529
Dividends Paid
Retained Profit	34,461	-26,271	17,897	9,959	28,347	-13,557	-19,182	1,603	1,009	-17,056	19,935	33,529
Employee Costs	321,740	297,965	316,754	359,083	105,713	95,090	105,787	96,775	127,178	63,589	89,320	89,373
Number Of Employees	9	9	9	10	3	3	3	3	4	2	3	3
EBITDA*	42,544	-26,271	22,095	12,287	38,228	-11,952	-11,649	13,710	12,302	-615	40,687	49,179

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	91	6,613	30,737	36,472	8,638	4,658	3,086	10,675	6,138	21,632	24,873	6,406
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	91	6,613	30,737	36,472	8,638	4,658	3,086	10,675	6,138	21,632	24,873	6,406
Stock & work in progress					13,436	27,014	39,011	42,411	18,500	2,500	2,500
Trade Debtors	324,448	237,463	200,762	161,463	149,792	140,682	137,485	139,959	178,924	110,289	120,571	66,663
Group Debtors
Misc Debtors	3,416	3,984
Cash					3,147	418	2,271	20,082	3,453	9,545	8,354	23,959
misc current assets			4,095	3,887	2,207				2,539	1,818	2,129	484
total current assets	327,864	241,447	204,857	165,350	168,582	168,114	178,767	202,452	203,416	124,152	133,554	91,106
total assets	327,955	248,060	235,594	201,822	177,220	172,772	181,853	213,127	209,554	145,784	158,427	97,512
Bank overdraft
Bank loan
Trade Creditors	256,331	192,602	128,382	141,275	139,682	164,003	128,145	133,919	145,099	99,464	81,037	62,577
Group/Directors Accounts			17,884				31,809	37,659	24,619	4,181	11,879
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	256,331	192,602	146,266	141,275	139,682	164,003	159,954	171,578	169,718	103,645	92,916	62,577
loans
hp & lease commitments
Accruals and Deferred Income	950	950	2,550	950	950
other liabilities		18,295	24,294	15,010						404	5,255
provisions						528	101	569	459	3,387	4,872	906
total long term liabilities	950	19,245	26,844	15,960	950	528	101	569	459	3,791	10,127	906
total liabilities	257,281	211,847	173,110	157,235	140,632	164,531	160,055	172,147	170,177	107,436	103,043	63,483
net assets	70,674	36,213	62,484	44,587	36,588	8,241	21,798	40,980	39,377	38,348	55,384	34,029
total shareholders funds	70,674	36,213	62,484	44,587	36,588	8,241	21,798	40,980	39,377	38,348	55,384	34,029

	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	42,544	-26,271	22,095	12,287	35,429	-13,564	-19,238	2,023	1,295	-17,101	27,607	46,508
Depreciation					2,799	1,612	7,589	11,687	11,007	16,486	13,080	2,671
Amortisation
Tax	-8,083		-4,198	-2,336	-7,087			-479	-319		-7,752	-13,039
Stock				-13,436	-13,578	-11,997	-3,400	23,911	16,000		2,500
Debtors	86,417	40,685	39,299	11,671	9,110	3,197	-2,474	-38,965	68,635	-10,282	53,908	66,663
Creditors	63,729	64,220	-12,893	1,593	-24,321	35,858	-5,774	-11,180	45,635	18,427	18,460	62,577
Accruals and Deferred Income		-1,600	1,600		950
Deferred Taxes & Provisions					-528	427	-468	110	-2,928	-1,485	3,966	906
Cash flow from operations	11,773	-4,336	-32,695	13,309	11,710	33,133	-12,017	17,215	-29,945	26,609	-1,047	32,960
Investing Activities
capital expenditure	6,522	24,124	5,735	-27,834	-6,779	-3,184		-16,224	4,487	-13,245	-31,547	-9,077
Change in Investments
cash flow from investments	6,522	24,124	5,735	-27,834	-6,779	-3,184		-16,224	4,487	-13,245	-31,547	-9,077
Financing Activities
Bank loans
Group/Directors Accounts		-17,884	17,884			-31,809	-5,850	13,040	20,438	-7,698	11,879
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-18,295	-5,999	9,284	15,010					-404	-4,851	5,255
share issue				-1,960					20	20	1,420	500
interest				8	4	7	56	59	33	45	81	60
cash flow from financing	-18,295	-23,883	27,168	13,058	4	-31,802	-5,794	13,099	20,087	-12,484	18,635	560
cash and cash equivalents
cash				-3,147	2,729	-1,853	-17,811	16,629	-6,092	1,191	-15,605	23,959
overdraft
change in cash				-3,147	2,729	-1,853	-17,811	16,629	-6,092	1,191	-15,605	23,959

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TANKER SERVICE SOLUTIONS LTD group structure

Tanker Service Solutions Ltd has no subsidiary companies.

Ultimate parent company

TANKER SERVICE SOLUTIONS LTD

06813813

TANKER SERVICE SOLUTIONS LTD Shareholders

nigel yates

100%

Tanker Service Solutions Ltd currently has 1 director, Mr Nigel Yates serving since Oct 2009.

officer	country	age	start	end	role
Mr Nigel Yates		69 years	Oct 2009	-	Director

P&L

February 2021

turnover

+25%

operating profit

42.5k

gross margin

21.4%

-0.64%

turnover

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

Balance Sheet

February 2021

net assets

70.7k

+0.95%

total assets

328k

+0.32%

cash

net assets

Total assets minus all liabilities

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company number

06813813

Type

Private limited with Share Capital

industry

33170 - Repair and maintenance of other transport equipment

incorporation date

February 2009

ultimate parent company

None

previous names

N/A

address

c/o gaines robson insolvency ltd, carrwood park, leeds, LS15 4LG

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 tanker service solutions ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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tanker service solutions ltd Company Information

tanker service solutions ltd Estimated Valuation

tanker service solutions ltd Estimated Valuation

tanker service solutions ltd Estimated Valuation

Tanker Service Solutions Ltd Overview

Tanker Service Solutions Ltd Health Check

TANKER SERVICE SOLUTIONS LTD financials

tanker service solutions ltd Credit Report and Business Information

Tanker Service Solutions Ltd Competitor Analysis

tanker service solutions ltd Ownership

tanker service solutions ltd directors

tanker service solutions ltd company details

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