tmg sports vehicles limited

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tmg sports vehicles limited Company Information

Share TMG SPORTS VEHICLES LIMITED

Company Number

08222969

Shareholders

trevor maurice grimes

thomas francis grimes

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Group Structure

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Industry

Manufacture of other transport equipment n.e.c.

 

Registered Address

unit 1 deveron mill, meadow street, great harwood, BB6 7EJ

Website

-

tmg sports vehicles limited Estimated Valuation

£475.8k

Pomanda estimates the enterprise value of TMG SPORTS VEHICLES LIMITED at £475.8k based on a Turnover of £1.3m and 0.37x industry multiple (adjusted for size and gross margin).

tmg sports vehicles limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TMG SPORTS VEHICLES LIMITED at £0 based on an EBITDA of £-22k and a 3.31x industry multiple (adjusted for size and gross margin).

tmg sports vehicles limited Estimated Valuation

£745.9k

Pomanda estimates the enterprise value of TMG SPORTS VEHICLES LIMITED at £745.9k based on Net Assets of £307k and 2.43x industry multiple (adjusted for liquidity).

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Tmg Sports Vehicles Limited Overview

Tmg Sports Vehicles Limited is a live company located in great harwood, BB6 7EJ with a Companies House number of 08222969. It operates in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in September 2012, it's largest shareholder is trevor maurice grimes with a 84% stake. Tmg Sports Vehicles Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with low growth in recent years.

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Tmg Sports Vehicles Limited Health Check

Pomanda's financial health check has awarded Tmg Sports Vehicles Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

9 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£15.6m)

£1.3m - Tmg Sports Vehicles Limited

£15.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5%)

4% - Tmg Sports Vehicles Limited

5% - Industry AVG

production

Production

with a gross margin of 18.9%, this company has a higher cost of product (25.1%)

18.9% - Tmg Sports Vehicles Limited

25.1% - Industry AVG

profitability

Profitability

an operating margin of -2.2% make it less profitable than the average company (5.1%)

-2.2% - Tmg Sports Vehicles Limited

5.1% - Industry AVG

employees

Employees

with 15 employees, this is below the industry average (73)

15 - Tmg Sports Vehicles Limited

73 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.7k, the company has an equivalent pay structure (£39.7k)

£39.7k - Tmg Sports Vehicles Limited

£39.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £86.6k, this is less efficient (£183.8k)

£86.6k - Tmg Sports Vehicles Limited

£183.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (63 days)

22 days - Tmg Sports Vehicles Limited

63 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 190 days, this is slower than average (51 days)

190 days - Tmg Sports Vehicles Limited

51 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 175 days, this is more than average (88 days)

175 days - Tmg Sports Vehicles Limited

88 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)

1 weeks - Tmg Sports Vehicles Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.8%, this is a higher level of debt than the average (52.4%)

64.8% - Tmg Sports Vehicles Limited

52.4% - Industry AVG

TMG SPORTS VEHICLES LIMITED financials

EXPORTms excel logo

Tmg Sports Vehicles Limited's latest turnover from October 2023 is estimated at £1.3 million and the company has net assets of £307 thousand. According to their latest financial statements, Tmg Sports Vehicles Limited has 15 employees and maintains cash reserves of £20 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013
Turnover1,299,1681,703,5981,111,2271,171,1071,034,534930,969910,782862,734659,810286,763283,015
Other Income Or Grants00000000000
Cost Of Sales1,053,6861,410,499906,911949,489875,530788,094713,408685,185546,339241,332236,471
Gross Profit245,481293,100204,316221,618159,004142,876197,375177,549113,47045,43246,544
Admin Expenses274,607283,680137,167233,88587,59963,738128,28789,61662,23953,03045,278
Operating Profit-29,1269,42067,149-12,26771,40579,13869,08887,93351,231-7,5981,266
Interest Payable0000000025100
Interest Receivable1,3211,27880104590238116144199546
Pre-Tax Profit-27,80510,69867,228-12,16371,99579,37769,20488,07851,430-7,5441,271
Tax0-2,033-12,7730-13,679-15,082-13,149-17,615-10,2860-292
Profit After Tax-27,8058,66554,455-12,16358,31664,29556,05570,46241,144-7,544979
Dividends Paid00000000000
Retained Profit-27,8058,66554,455-12,16358,31664,29556,05570,46241,144-7,544979
Employee Costs595,309565,931499,009453,039434,226405,657387,724145,628134,45760,12959,611
Number Of Employees151514121212129822
EBITDA*-21,98515,82873,883-8,26871,40582,67373,27291,66054,462-3,3206,936

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013
Tangible Assets265,84641,704164,091156,383152,257130,98927,22019,63010,51813,74918,027
Intangible Assets00000000000
Investments & Other00000000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets265,84641,704164,091156,383152,257130,98927,22019,63010,51813,74918,027
Stock & work in progress507,000592,000408,467392,295304,851560,889468,125378,260204,55087,10084,601
Trade Debtors79,508266,190113,030116,07081,25425,38054,1020000
Group Debtors00000000000
Misc Debtors00000000000
Cash20,02430,29083,27676,016131,51125,93937,55655,15260,40119,2372,273
misc current assets00000000000
total current assets606,532888,480604,773584,381517,616612,208559,783433,412264,951106,33786,874
total assets872,378930,184768,864740,764669,873743,197587,003453,042275,469120,086104,901
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 550,419570,420442,765469,120386,165517,805425,906280,539192,711126,650103,921
Group/Directors Accounts000000085315,17700
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities000000066,60833,00100
total current liabilities550,419570,420442,765469,120386,165517,805425,906348,000240,889126,650103,921
loans00000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities15,00025,000000000000
provisions00000000000
total long term liabilities15,00025,000000000000
total liabilities565,419595,420442,765469,120386,165517,805425,906348,000240,889126,650103,921
net assets306,959334,764326,099271,644283,708225,392161,097105,04234,580-6,564980
total shareholders funds306,959334,764326,099271,644283,708225,392161,097105,04234,580-6,564980
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013
Operating Activities
Operating Profit-29,1269,42067,149-12,26771,40579,13869,08887,93351,231-7,5981,266
Depreciation7,1416,4086,7343,99903,5354,1843,7273,2314,2785,670
Amortisation00000000000
Tax0-2,033-12,7730-13,679-15,082-13,149-17,615-10,2860-292
Stock-85,000183,53316,17287,444-256,03892,76489,865173,710117,4502,49984,601
Debtors-186,682153,160-3,04034,81655,874-28,72254,1020000
Creditors-20,001127,655-26,35582,955-131,64091,899145,36787,82866,06122,729103,921
Accruals and Deferred Income000000-66,60833,60733,00100
Deferred Taxes & Provisions00000000000
Cash flow from operations229,696-195,24321,623-47,573126,25095,448-5,08521,77025,78816,91025,964
Investing Activities
capital expenditure-231,283115,979-14,442-8,125-21,268-107,304-11,774-12,83900-23,697
Change in Investments00000000000
cash flow from investments-231,283115,979-14,442-8,125-21,268-107,304-11,774-12,83900-23,697
Financing Activities
Bank loans00000000000
Group/Directors Accounts000000-853-14,32415,17700
Other Short Term Loans 00000000000
Long term loans00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities-10,00025,000000000000
share issue000990000001
interest1,3211,27880104590238116144-52546
cash flow from financing-8,67926,27880203590238-737-14,18015,125547
cash and cash equivalents
cash-10,266-52,9867,260-55,495105,572-11,617-17,596-5,24941,16416,9642,273
overdraft00000000000
change in cash-10,266-52,9867,260-55,495105,572-11,617-17,596-5,24941,16416,9642,273

tmg sports vehicles limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tmg Sports Vehicles Limited Competitor Analysis

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Perform a competitor analysis for tmg sports vehicles limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BB6 area or any other competitors across 12 key performance metrics.

tmg sports vehicles limited Ownership

TMG SPORTS VEHICLES LIMITED group structure

Tmg Sports Vehicles Limited has no subsidiary companies.

Ultimate parent company

TMG SPORTS VEHICLES LIMITED

08222969

TMG SPORTS VEHICLES LIMITED Shareholders

trevor maurice grimes 84%
thomas francis grimes 8%
douglas john grimes 8%

tmg sports vehicles limited directors

Tmg Sports Vehicles Limited currently has 3 directors. The longest serving directors include Mr Trevor Grimes (Nov 2012) and Mr Thomas Grimes (Aug 2021).

officercountryagestartendrole
Mr Trevor GrimesEngland68 years Nov 2012- Director
Mr Thomas GrimesEngland33 years Aug 2021- Director
Mr Douglas GrimesEngland33 years Aug 2021- Director

P&L

October 2023

turnover

1.3m

-24%

operating profit

-29.1k

0%

gross margin

18.9%

+9.83%

turnover

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

Balance Sheet

October 2023

net assets

307k

-0.08%

total assets

872.4k

-0.06%

cash

20k

-0.34%

net assets

Total assets minus all liabilities

tmg sports vehicles limited company details

company number

08222969

Type

Private limited with Share Capital

industry

30990 - Manufacture of other transport equipment n.e.c.

incorporation date

September 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

October 2023

previous names

k.p.y. limited (November 2012)

accountant

-

auditor

-

address

unit 1 deveron mill, meadow street, great harwood, BB6 7EJ

Bank

-

Legal Advisor

-

tmg sports vehicles 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 tmg sports vehicles limited.

tmg sports vehicles limited Capital Raised & Share Issues BETA

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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tmg sports vehicles limited Companies House Filings - See Documents

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