Austin Tyre Services Ltd

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austin tyre services ltd Company Information

Live

EstablishedSmallHealthy

Company Number

07590628

Website

Registered Address

12 york place, barry, vale of glamorgan, CF62 7ED

Industry

Maintenance and repair of motor vehicles

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

Nadine Pittard2 Years

Jennine Boon2 Years

Shareholders

executors of estate of ronald hayden austin 100%

austin tyre services ltd Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of AUSTIN TYRE SERVICES LTD at £2.9m based on Net Assets of £984.8k and 2.94x industry multiple (adjusted for liquidity).

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Austin Tyre Services Ltd is a live company located in vale of glamorgan, CF62 7ED with a Companies House number of 07590628. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in April 2011, it's largest shareholder is executors of estate of ronald hayden austin with a 100% stake. Austin Tyre Services Ltd is a established, small sized company, Pomanda has estimated its turnover at £773.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Austin Tyre Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £773.4k, make it larger than the average company (£316.1k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11%)

EXPORT

Austin Tyre Services Ltd's latest turnover from March 2024 is estimated at £773.4 thousand and the company has net assets of £984.8 thousand. According to their latest financial statements, Austin Tyre Services Ltd has 12 employees and maintains cash reserves of £646.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	773,433	724,327	709,276	635,727	670,660	689,322	726,322	683,560	1,002,044	1,435,426	1,553,757	1,630,599	1,253,395
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	496,735	464,495	465,784	404,578	420,106	429,548	435,794	405,681	478,061	851,568	913,103	948,653	713,313
Gross Profit	276,698	259,832	243,492	231,149	250,554	259,775	290,528	277,879	523,983	583,858	640,654	681,946	540,083
Admin Expenses	182,310	220,569	150,781	166,970	175,475	166,852	239,562	162,580	421,824	485,329	562,802	619,634	295,227
Operating Profit	94,388	39,263	92,711	64,179	75,079	92,923	50,966	115,299	102,159	98,529	77,852	62,312	244,856
Interest Payable	2,800	2,981	1,021	228	403	392	190	416	0	0	0	0	0
Interest Receivable	34,602	30,262	4,818	572	527	3,614	2,210	968	0	1,321	1,049	738	283
Pre-Tax Profit	126,189	66,544	96,509	64,522	75,204	96,144	52,986	115,851	102,630	99,849	78,901	63,050	245,139
Tax	-31,547	-12,643	-18,337	-12,259	-14,289	-18,267	-10,067	-23,170	-22,244	-20,968	-18,147	-15,132	-63,736
Profit After Tax	94,642	53,901	78,172	52,263	60,915	77,877	42,919	92,681	80,386	78,881	60,754	47,918	181,403
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	94,642	53,901	78,172	52,263	60,915	77,877	42,919	92,681	80,386	78,881	60,754	47,918	181,403
Employee Costs	315,166	291,369	307,257	303,744	328,101	313,781	320,436	242,526	290,814	372,626	425,023	477,403	375,781
Number Of Employees	12	12	12	12	12	11	12	9	11	14	16	18	15
EBITDA*	118,698	57,037	111,859	78,047	84,373	104,423	58,918	123,157	109,366	106,249	85,982	71,507	248,830

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	296,482	279,549	286,349	273,186	262,143	271,436	263,471	265,863	266,589	270,806	274,713	280,583	282,154
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	296,482	279,549	286,349	273,186	262,143	271,436	263,471	265,863	266,589	270,806	274,713	280,583	282,154
Stock & work in progress	60,585	57,970	47,142	51,950	53,211	44,260	40,515	49,379	45,286	47,531	39,090	44,600	38,104
Trade Debtors	74,714	68,444	71,530	53,624	55,201	56,319	67,595	61,508	69,121	107,050	112,146	111,828	74,891
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	73,845	58,522	25,476	16,603	16,747	47,777	55,415	50,142	39,931	0	0	0	0
Cash	646,445	737,616	686,475	598,385	544,988	509,416	454,266	429,817	344,276	290,535	237,701	181,998	113,138
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	855,589	922,552	830,623	720,562	670,147	657,772	617,791	590,846	498,614	445,116	388,937	338,426	226,133
total assets	1,152,071	1,202,101	1,116,972	993,748	932,290	929,208	881,262	856,709	765,203	715,922	663,650	619,009	508,287
Bank overdraft	17,087	33,821	24,335	5,912	1,578	11,622	0	5,848	7,449	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	80,058	100,044	96,179	78,731	70,787	114,691	123,879	116,885	108,078	346,866	373,475	389,588	326,784
Group/Directors Accounts	0	102,000	102,000	100,000	100,000	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	56,263	67,911	49,349	45,298	51,135	153,942	188,548	208,304	217,438	0	0	0	0
total current liabilities	153,408	303,776	271,863	229,941	223,500	280,255	312,427	331,037	332,965	346,866	373,475	389,588	326,784
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	13,851	8,155	8,840	5,710	2,956	4,034	1,793	1,549	796	0	0	0	0
total long term liabilities	13,851	8,155	8,840	5,710	2,956	4,034	1,793	1,549	796	0	0	0	0
total liabilities	167,259	311,931	280,703	235,651	226,456	284,289	314,220	332,586	333,761	346,866	373,475	389,588	326,784
net assets	984,812	890,170	836,269	758,097	705,834	644,919	567,042	524,123	431,442	369,056	290,175	229,421	181,503
total shareholders funds	984,812	890,170	836,269	758,097	705,834	644,919	567,042	524,123	431,442	369,056	290,175	229,421	181,503

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	94,388	39,263	92,711	64,179	75,079	92,923	50,966	115,299	102,159	98,529	77,852	62,312	244,856
Depreciation	24,310	17,774	19,148	13,868	9,294	11,500	7,952	7,858	7,207	7,720	8,130	9,195	3,974
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-31,547	-12,643	-18,337	-12,259	-14,289	-18,267	-10,067	-23,170	-22,244	-20,968	-18,147	-15,132	-63,736
Stock	2,615	10,828	-4,808	-1,261	8,951	3,745	-8,864	4,093	-2,245	8,441	-5,510	6,496	38,104
Debtors	21,593	29,960	26,779	-1,721	-32,148	-18,914	11,360	2,598	2,002	-5,096	318	36,937	74,891
Creditors	-19,986	3,865	17,448	7,944	-43,904	-9,188	6,994	8,807	-238,788	-26,609	-16,113	62,804	326,784
Accruals and Deferred Income	-11,648	18,562	4,051	-5,837	-102,807	-34,606	-19,756	-9,134	217,438	0	0	0	0
Deferred Taxes & Provisions	5,696	-685	3,130	2,754	-1,078	2,241	244	753	796	0	0	0	0
Cash flow from operations	37,005	25,348	96,180	73,631	-54,508	59,772	33,837	93,722	66,811	55,327	56,914	75,746	398,883
Investing Activities
capital expenditure	-41,243	-10,974	-32,311	-24,911	-1	-19,465	-5,560	-7,132	-2,990	-3,813	-2,260	-7,624	-286,128
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-41,243	-10,974	-32,311	-24,911	-1	-19,465	-5,560	-7,132	-2,990	-3,813	-2,260	-7,624	-286,128
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-102,000	0	2,000	0	100,000	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-18,000	0	0	0	100
interest	31,802	27,281	3,797	344	124	3,222	2,020	552	0	1,321	1,049	738	283
cash flow from financing	-70,198	27,281	5,797	344	100,124	3,222	2,020	552	-18,000	1,321	1,049	738	383
cash and cash equivalents
cash	-91,171	51,141	88,090	53,397	35,572	55,150	24,449	85,541	53,741	52,834	55,703	68,860	113,138
overdraft	-16,734	9,486	18,423	4,334	-10,044	11,622	-5,848	-1,601	7,449	0	0	0	0
change in cash	-74,437	41,655	69,667	49,063	45,616	43,528	30,297	87,142	46,292	52,834	55,703	68,860	113,138

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 austin tyre services ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CF62 area or any other competitors across 12 key performance metrics.

AUSTIN TYRE SERVICES LTD group structure

Austin Tyre Services Ltd has no subsidiary companies.

Ultimate parent company

AUSTIN TYRE SERVICES LTD

07590628

AUSTIN TYRE SERVICES LTD Shareholders

executors of estate of ronald hayden austin

100%

Austin Tyre Services Ltd currently has 2 directors. The longest serving directors include Ms Nadine Pittard (Oct 2022) and Ms Jennine Boon (Oct 2022).

officer	country	age	start	end	role
Ms Nadine Pittard	Wales	53 years	Oct 2022	-	Director
Ms Jennine Boon	Wales	63 years	Oct 2022	-	Director

P&L

March 2024

turnover

773.4k

+7%

operating profit

94.4k

gross margin

35.8%

-0.27%

turnover

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

Balance Sheet

March 2024

net assets

984.8k

+0.11%

total assets

1.2m

-0.04%

cash

646.4k

-0.12%

net assets

Total assets minus all liabilities

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company number

07590628

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

April 2011

ultimate parent company

None

previous names

N/A

address

12 york place, barry, vale of glamorgan, CF62 7ED

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austin tyre services ltd Company Information

austin tyre services ltd Estimated Valuation

austin tyre services ltd Estimated Valuation

austin tyre services ltd Estimated Valuation

Austin Tyre Services Ltd Overview

Austin Tyre Services Ltd Health Check

AUSTIN TYRE SERVICES LTD financials

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Austin Tyre Services Ltd Competitor Analysis

austin tyre services ltd Ownership

austin tyre services ltd directors

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