kal tire (uk) limited
kal tire (uk) limited Company Information
Company Number
07013332
Website
http://otr-tyres.co.ukRegistered Address
8 bluebell close, clover nook industrial park, alfreton, derbyshire, DE55 4RD
Industry
Support activities for other mining and quarrying
Telephone
01773833232
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kal tire international holdings ltd 100%
kal tire (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of KAL TIRE (UK) LIMITED at £217.7m based on a Turnover of £159.8m and 1.36x industry multiple (adjusted for size and gross margin).
kal tire (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of KAL TIRE (UK) LIMITED at £69.8m based on an EBITDA of £9.5m and a 7.32x industry multiple (adjusted for size and gross margin).
kal tire (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of KAL TIRE (UK) LIMITED at £36.3m based on Net Assets of £19.4m and 1.87x industry multiple (adjusted for liquidity).
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Kal Tire (uk) Limited Overview
Kal Tire (uk) Limited is a live company located in alfreton, DE55 4RD with a Companies House number of 07013332. It operates in the support activities for other mining and quarrying sector, SIC Code 09900. Founded in September 2009, it's largest shareholder is kal tire international holdings ltd with a 100% stake. Kal Tire (uk) Limited is a established, mega sized company, Pomanda has estimated its turnover at £159.8m with low growth in recent years.
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Kal Tire (uk) Limited Health Check
Pomanda's financial health check has awarded Kal Tire (Uk) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £159.8m, make it larger than the average company (£3.8m)
£159.8m - Kal Tire (uk) Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.5%)
1% - Kal Tire (uk) Limited
3.5% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (24.1%)
25.8% - Kal Tire (uk) Limited
24.1% - Industry AVG
Profitability
an operating margin of 4.4% make it as profitable than the average company (4.3%)
4.4% - Kal Tire (uk) Limited
4.3% - Industry AVG
Employees
with 1794 employees, this is above the industry average (8)
1794 - Kal Tire (uk) Limited
8 - Industry AVG
Pay Structure
on an average salary of £21k, the company has a lower pay structure (£51k)
£21k - Kal Tire (uk) Limited
£51k - Industry AVG
Efficiency
resulting in sales per employee of £89k, this is less efficient (£259.1k)
£89k - Kal Tire (uk) Limited
£259.1k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is near the average (67 days)
71 days - Kal Tire (uk) Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (37 days)
40 days - Kal Tire (uk) Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 108 days, this is more than average (49 days)
108 days - Kal Tire (uk) Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (8 weeks)
2 weeks - Kal Tire (uk) Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (69.7%)
84.2% - Kal Tire (uk) Limited
69.7% - Industry AVG
KAL TIRE (UK) LIMITED financials
Kal Tire (Uk) Limited's latest turnover from December 2022 is £159.8 million and the company has net assets of £19.4 million. According to their latest financial statements, Kal Tire (Uk) Limited has 1,794 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 159,751,000 | 141,229,000 | 131,121,000 | 155,741,000 | 156,049,000 | 133,913,000 | 78,468,000 | 68,443,000 | 87,713,000 | 97,545,000 | 98,877,000 | 102,136,000 | 54,954,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 118,622,000 | 105,069,000 | 96,995,000 | 116,703,000 | 111,241,000 | 91,927,000 | 50,486,000 | 43,756,000 | 58,078,000 | 65,402,000 | 66,191,000 | 79,111,000 | 39,044,000 |
| Gross Profit | 41,129,000 | 36,160,000 | 34,126,000 | 39,038,000 | 44,808,000 | 41,986,000 | 27,982,000 | 24,687,000 | 29,635,000 | 32,143,000 | 32,686,000 | 23,025,000 | 15,910,000 |
| Admin Expenses | 34,166,000 | 31,463,000 | 33,860,000 | 40,412,000 | 50,959,000 | 46,868,000 | 31,274,000 | 33,137,000 | 31,340,000 | 35,013,000 | 30,895,000 | 16,469,000 | 14,989,000 |
| Operating Profit | 6,963,000 | 4,697,000 | 266,000 | -1,374,000 | -6,151,000 | -4,882,000 | -3,292,000 | -8,450,000 | -1,705,000 | -2,870,000 | 1,791,000 | 6,556,000 | 921,000 |
| Interest Payable | 86,000 | 652,000 | 459,000 | 1,733,000 | 2,897,000 | 3,223,000 | 2,391,000 | 2,173,000 | 2,206,000 | 1,736,000 | 2,003,000 | 1,210,000 | 964,000 |
| Interest Receivable | 2,984,000 | 1,844,000 | 1,139,000 | 2,000 | 8,000 | 188,000 | 306,000 | 18,000 | 0 | 1,000 | 57,000 | 133,000 | 5,000 |
| Pre-Tax Profit | 13,117,000 | 4,407,000 | -1,241,000 | -3,105,000 | -9,040,000 | -7,912,000 | -5,377,000 | -10,605,000 | -3,911,000 | -4,577,000 | -256,000 | 5,461,000 | -77,000 |
| Tax | -3,733,000 | -981,000 | -432,000 | -1,603,000 | -1,557,000 | -867,000 | -737,000 | -389,000 | -1,038,000 | -259,000 | -1,092,000 | -1,907,000 | -412,000 |
| Profit After Tax | 9,384,000 | 3,426,000 | -1,673,000 | -4,708,000 | -10,597,000 | -8,779,000 | -6,114,000 | -10,994,000 | -4,949,000 | -4,836,000 | -1,348,000 | 3,554,000 | -489,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 9,384,000 | 3,426,000 | -1,673,000 | -4,708,000 | -10,597,000 | -8,779,000 | -6,114,000 | -10,994,000 | -4,949,000 | -3,947,000 | -1,314,000 | 1,541,000 | -589,000 |
| Employee Costs | 37,693,000 | 36,469,000 | 33,086,000 | 37,308,000 | 42,685,000 | 39,392,000 | 23,234,000 | 15,581,000 | 16,739,000 | 17,585,000 | 16,384,000 | 11,558,000 | 9,601,000 |
| Number Of Employees | 1,794 | 1,758 | 1,714 | 1,852 | 1,907 | 1,966 | 924 | 760 | 741 | 691 | 622 | 412 | 310 |
| EBITDA* | 9,526,000 | 7,727,000 | 3,961,000 | 2,717,000 | -1,628,000 | -578,000 | 136,000 | -5,535,000 | 3,159,000 | 2,052,000 | 6,614,000 | 9,632,000 | 3,994,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,123,000 | 10,882,000 | 10,971,000 | 11,903,000 | 12,836,000 | 13,955,000 | 13,665,000 | 10,226,000 | 11,006,000 | 10,639,000 | 10,789,000 | 8,387,000 | 6,837,000 |
| Intangible Assets | 0 | 0 | 408,000 | 1,231,000 | 2,172,000 | 2,667,000 | 4,171,000 | 196,000 | 2,286,000 | 4,233,000 | 6,779,000 | 5,093,000 | 6,623,000 |
| Investments & Other | 0 | 0 | 0 | 57,000 | 57,000 | 63,000 | 0 | 0 | 0 | 0 | 552,000 | 334,000 | 0 |
| Debtors (Due After 1 year) | 0 | 30,793,000 | 31,277,000 | 1,663,000 | 1,877,000 | 1,908,000 | 1,438,000 | 330,000 | 191,000 | 897,000 | 436,000 | 503,000 | 266,000 |
| Total Fixed Assets | 11,123,000 | 41,675,000 | 42,656,000 | 14,854,000 | 16,942,000 | 18,593,000 | 19,274,000 | 10,752,000 | 13,483,000 | 15,769,000 | 18,556,000 | 14,317,000 | 13,726,000 |
| Stock & work in progress | 35,150,000 | 25,249,000 | 27,994,000 | 35,927,000 | 39,417,000 | 29,304,000 | 21,754,000 | 19,157,000 | 19,635,000 | 18,677,000 | 22,067,000 | 10,412,000 | 7,197,000 |
| Trade Debtors | 31,400,000 | 26,135,000 | 28,587,000 | 28,817,000 | 27,113,000 | 31,082,000 | 20,864,000 | 14,427,000 | 17,925,000 | 14,964,000 | 18,958,000 | 20,635,000 | 10,932,000 |
| Group Debtors | 32,367,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142,000 | 190,000 | 0 | 0 |
| Misc Debtors | 7,833,000 | 0 | 0 | 4,208,000 | 4,169,000 | 4,244,000 | 2,040,000 | 1,531,000 | 2,479,000 | 2,661,000 | 2,238,000 | 1,310,000 | 707,000 |
| Cash | 4,788,000 | 8,307,000 | 8,494,000 | 3,308,000 | 5,149,000 | 16,550,000 | 4,861,000 | 2,928,000 | 1,388,000 | 2,088,000 | 1,134,000 | 1,588,000 | 3,290,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 111,538,000 | 59,691,000 | 65,075,000 | 72,260,000 | 75,848,000 | 81,180,000 | 49,519,000 | 38,043,000 | 41,427,000 | 38,532,000 | 44,587,000 | 33,945,000 | 22,126,000 |
| total assets | 122,661,000 | 101,366,000 | 107,731,000 | 87,114,000 | 92,790,000 | 99,773,000 | 68,793,000 | 48,795,000 | 54,910,000 | 54,301,000 | 63,143,000 | 48,262,000 | 35,852,000 |
| Bank overdraft | 0 | 0 | 0 | 748,000 | 0 | 1,804,000 | 1,197,000 | 4,510,000 | 5,074,000 | 2,363,000 | 3,598,000 | 621,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 908,000 | 3,671,000 | 2,041,000 |
| Trade Creditors | 13,241,000 | 93,581,000 | 11,001,000 | 9,553,000 | 14,176,000 | 14,044,000 | 8,259,000 | 5,930,000 | 9,422,000 | 8,273,000 | 14,348,000 | 15,708,000 | 11,416,000 |
| Group/Directors Accounts | 80,698,000 | 0 | 84,444,000 | 98,772,000 | 95,936,000 | 90,860,000 | 59,775,000 | 33,866,000 | 18,993,000 | 15,840,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,912,000 | 17,735,000 | 3,323,000 | 2,079,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 17,000 | 1,000 | 406,000 | 590,000 | 1,135,000 | 877,000 | 285,000 | 441,000 |
| other current liabilities | 9,139,000 | 0 | 8,833,000 | 6,505,000 | 9,677,000 | 10,762,000 | 9,164,000 | 4,069,000 | 6,294,000 | 2,530,000 | 2,226,000 | 4,385,000 | 2,643,000 |
| total current liabilities | 103,078,000 | 93,581,000 | 104,278,000 | 115,578,000 | 119,789,000 | 117,487,000 | 78,396,000 | 48,781,000 | 40,373,000 | 32,053,000 | 39,692,000 | 27,993,000 | 18,620,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62,000 | 7,425,000 | 5,840,000 | 1,589,000 | 7,662,000 | 10,492,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 470,000 | 213,000 | 1,500,000 | 2,134,000 | 996,000 | 484,000 |
| Accruals and Deferred Income | 0 | 263,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 169,000 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 | 0 | 0 | 0 | 0 | 40,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 195,000 | 0 | 0 | 315,000 | 496,000 | 134,000 | 122,000 |
| total long term liabilities | 169,000 | 263,000 | 0 | 0 | 0 | 0 | 195,000 | 552,000 | 7,638,000 | 7,655,000 | 4,219,000 | 8,792,000 | 11,138,000 |
| total liabilities | 103,247,000 | 93,844,000 | 104,278,000 | 115,578,000 | 119,789,000 | 117,487,000 | 78,591,000 | 49,333,000 | 48,011,000 | 39,708,000 | 43,911,000 | 36,785,000 | 29,758,000 |
| net assets | 19,414,000 | 7,522,000 | 3,453,000 | -28,464,000 | -26,999,000 | -17,714,000 | -9,798,000 | -538,000 | 6,899,000 | 13,489,000 | 17,291,000 | 7,366,000 | 4,050,000 |
| total shareholders funds | 19,414,000 | 7,522,000 | 3,453,000 | -28,464,000 | -26,999,000 | -17,714,000 | -9,798,000 | -538,000 | 6,899,000 | 13,489,000 | 17,291,000 | 7,366,000 | 4,050,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 6,963,000 | 4,697,000 | 266,000 | -1,374,000 | -6,151,000 | -4,882,000 | -3,292,000 | -8,450,000 | -1,705,000 | -2,870,000 | 1,791,000 | 6,556,000 | 921,000 |
| Depreciation | 2,563,000 | 2,636,000 | 2,837,000 | 3,220,000 | 4,126,000 | 3,612,000 | 2,808,000 | 2,327,000 | 2,805,000 | 2,642,000 | 2,435,000 | 1,534,000 | 1,979,000 |
| Amortisation | 0 | 394,000 | 858,000 | 871,000 | 397,000 | 692,000 | 620,000 | 588,000 | 2,059,000 | 2,280,000 | 2,388,000 | 1,542,000 | 1,094,000 |
| Tax | -3,733,000 | -981,000 | -432,000 | -1,603,000 | -1,557,000 | -867,000 | -737,000 | -389,000 | -1,038,000 | -259,000 | -1,092,000 | -1,907,000 | -412,000 |
| Stock | 9,901,000 | -2,745,000 | -7,933,000 | -3,490,000 | 10,113,000 | 7,550,000 | 2,597,000 | -478,000 | 958,000 | -3,390,000 | 11,655,000 | 3,215,000 | 7,197,000 |
| Debtors | 14,672,000 | -2,936,000 | 25,176,000 | 1,529,000 | -4,075,000 | 12,892,000 | 8,054,000 | -4,307,000 | 1,931,000 | -3,158,000 | -626,000 | 10,543,000 | 11,905,000 |
| Creditors | -80,340,000 | 82,580,000 | 1,448,000 | -4,623,000 | 132,000 | 5,785,000 | 2,329,000 | -3,492,000 | 1,149,000 | -6,075,000 | -1,360,000 | 4,292,000 | 11,416,000 |
| Accruals and Deferred Income | 8,876,000 | -8,570,000 | 2,328,000 | -3,172,000 | -1,085,000 | 1,598,000 | 5,095,000 | -2,225,000 | 3,764,000 | 304,000 | -2,159,000 | 1,742,000 | 2,643,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -195,000 | 195,000 | 0 | -315,000 | -181,000 | 362,000 | 12,000 | 122,000 |
| Cash flow from operations | -90,244,000 | 86,437,000 | -9,938,000 | -4,720,000 | -10,176,000 | -14,699,000 | -3,633,000 | -6,856,000 | 3,830,000 | 2,389,000 | -8,664,000 | 13,000 | -1,339,000 |
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 755,000 | 604,000 | 860,000 | -4,210,000 | -2,363,000 | -2,587,000 | -9,275,000 | -2,696,000 | -12,334,000 |
| Change in Investments | 0 | 0 | -57,000 | 0 | -6,000 | 63,000 | 0 | 0 | 0 | -552,000 | 218,000 | 334,000 | 0 |
| cash flow from investments | 0 | 0 | 57,000 | 0 | 761,000 | 541,000 | 860,000 | -4,210,000 | -2,363,000 | -2,035,000 | -9,493,000 | -3,030,000 | -12,334,000 |
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -908,000 | -2,763,000 | 1,630,000 | 2,041,000 |
| Group/Directors Accounts | 80,698,000 | -84,444,000 | -14,328,000 | 2,836,000 | 5,076,000 | 31,085,000 | 25,909,000 | 14,873,000 | 3,153,000 | 15,840,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,912,000 | -15,823,000 | 14,412,000 | 1,244,000 | 2,079,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -62,000 | -7,363,000 | 1,585,000 | 4,251,000 | -6,073,000 | -2,830,000 | 10,492,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -17,000 | 16,000 | -875,000 | 73,000 | -1,832,000 | -376,000 | 1,730,000 | 356,000 | 925,000 |
| other long term liabilities | 169,000 | 0 | 0 | 0 | 0 | 0 | -20,000 | 20,000 | 0 | 0 | 0 | -40,000 | 40,000 |
| share issue | |||||||||||||
| interest | 2,898,000 | 1,192,000 | 680,000 | -1,731,000 | -2,889,000 | -3,035,000 | -2,085,000 | -2,155,000 | -2,206,000 | -1,735,000 | -1,946,000 | -1,077,000 | -959,000 |
| cash flow from financing | 86,273,000 | -82,609,000 | 19,942,000 | 4,348,000 | 3,482,000 | 28,929,000 | 19,721,000 | 9,005,000 | -2,853,000 | 1,394,000 | 16,599,000 | 1,058,000 | 19,257,000 |
| cash and cash equivalents | |||||||||||||
| cash | -3,519,000 | -187,000 | 5,186,000 | -1,841,000 | -11,401,000 | 11,689,000 | 1,933,000 | 1,540,000 | -700,000 | 954,000 | -454,000 | -1,702,000 | 3,290,000 |
| overdraft | 0 | 0 | -748,000 | 748,000 | -1,804,000 | 607,000 | -3,313,000 | -564,000 | 2,711,000 | -1,235,000 | 2,977,000 | 621,000 | 0 |
| change in cash | -3,519,000 | -187,000 | 5,934,000 | -2,589,000 | -9,597,000 | 11,082,000 | 5,246,000 | 2,104,000 | -3,411,000 | 2,189,000 | -3,431,000 | -2,323,000 | 3,290,000 |
kal tire (uk) limited Credit Report and Business Information
Kal Tire (uk) Limited Competitor Analysis
Perform a competitor analysis for kal tire (uk) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
kal tire (uk) limited Ownership
KAL TIRE (UK) LIMITED group structure
Kal Tire (Uk) Limited has 1 subsidiary company.
Ultimate parent company
KAL TIRE
#0034614
KAL TIRE INTERNATIONAL HOLDINGS LTD
#0033402
2 parents
KAL TIRE (UK) LIMITED
07013332
1 subsidiary
kal tire (uk) limited directors
Kal Tire (Uk) Limited currently has 3 directors. The longest serving directors include Mr Iain Butler (Oct 2015) and Mr Daniel Allan (Oct 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Iain Butler | Canada | 54 years | Oct 2015 | - | Director |
| Mr Daniel Allan | Canada | 60 years | Oct 2015 | - | Director |
| Mr Darren Flint | 60 years | Jan 2020 | - | Director |
P&L
December 2022turnover
159.8m
+13%
operating profit
7m
+48%
gross margin
25.8%
+0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
19.4m
+1.58%
total assets
122.7m
+0.21%
cash
4.8m
-0.42%
net assets
Total assets minus all liabilities
Similar Companies
kal tire (uk) limited company details
company number
07013332
Type
Private limited with Share Capital
industry
09900 - Support activities for other mining and quarrying
incorporation date
September 2009
age
15
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
8 bluebell close, clover nook industrial park, alfreton, derbyshire, DE55 4RD
last accounts submitted
December 2022
kal tire (uk) limited 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 did not find charges/mortgages relating to kal tire (uk) limited.
kal tire (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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