Turners Pallets & Recycling Services Limited

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turners pallets & recycling services limited Company Information

Company Number

08259170

Next Accounts

62 days late

Directors

Russell Turner

Darren Turner

Shareholders

mr darren russell turner

mr russell darren turner

Group Structure

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Industry

Other transportation support activities

Registered Address

11 roman way business centre, berry hill, droitwich spa, worcestershire, WR9 9AJ

Website

www.turnerspallets.co.uk

turners pallets & recycling services limited Estimated Valuation

£794.4k

Pomanda estimates the enterprise value of TURNERS PALLETS & RECYCLING SERVICES LIMITED at £794.4k based on a Turnover of £2m and 0.4x industry multiple (adjusted for size and gross margin).

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Turners Pallets & Recycling Services Limited is a live company located in droitwich spa, WR9 9AJ with a Companies House number of 08259170. It operates in the other transportation support activities sector, SIC Code 52290. Founded in October 2012, it's largest shareholder is mr darren russell turner with a 50% stake. Turners Pallets & Recycling Services Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded Turners Pallets & Recycling Services 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 Rating1.5out of 5

2 Strong

1 Regular

9 Weak

Size

annual sales of £2m, make it smaller than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (10.1%)

EXPORT

Turners Pallets & Recycling Services Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £85.9 thousand. According to their latest financial statements, Turners Pallets & Recycling Services Limited has 18 employees and maintains cash reserves of £2.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	2,008,593	1,520,628	1,657,634	1,256,088	1,326,082	1,032,384	1,331,558	1,380,124	2,109,493	1,991,474	1,945,668
Other Income Or Grants
Cost Of Sales	1,751,386	1,324,753	1,417,475	1,078,240	1,128,101	882,658	1,125,323	1,181,467	1,799,440	1,703,069	1,681,964
Gross Profit	257,207	195,875	240,158	177,847	197,981	149,726	206,236	198,657	310,053	288,406	263,704
Admin Expenses	222,844	124,160	257,368	204,765	179,325	181,825	196,229	211,435	293,745	285,579	260,745
Operating Profit	34,363	71,715	-17,210	-26,918	18,656	-32,099	10,007	-12,778	16,308	2,827	2,959
Interest Payable						522	1,036	556
Interest Receivable	138	34	4	2	75	52	7	10	44	136	96
Pre-Tax Profit	34,501	71,749	-17,206	-26,916	18,731	-32,569	8,978	-13,323	16,352	2,964	3,055
Tax	-6,555	-13,632			-3,559		-1,795		-3,434	-682	-733
Profit After Tax	27,946	58,117	-17,206	-26,916	15,172	-32,569	7,182	-13,323	12,918	2,282	2,322
Dividends Paid
Retained Profit	27,946	58,117	-17,206	-26,916	15,172	-32,569	7,182	-13,323	12,918	2,282	2,322
Employee Costs	790,201	659,310	624,541	608,287	645,230	801,603	916,798	901,150	173,494	176,480	175,315
Number Of Employees	18	16	16	16	17	21	24	26	5	5	5
EBITDA*	50,451	90,384	27,067	8,247	61,238	21,145	64,329	30,942	77,002	63,008	7,959

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	18,634	34,722	86,508	55,156	90,305	102,455	122,609	78,185	103,815	125,424
Intangible Assets							15,000	35,000	55,000	75,000	95,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	18,634	34,722	86,508	55,156	90,305	102,455	137,609	113,185	158,815	200,424	95,000
Stock & work in progress	155,000	105,000	35,000	65,000	67,500	105,000	140,000	160,000	100,000	15,000	21,000
Trade Debtors	382,729	329,166	369,391	226,967	236,401	240,380	324,283	282,838	381,547	417,093	397,489
Group Debtors
Misc Debtors
Cash	2,794	3,688	5,386	1,636	2,084	17,914	2,966	2,479	1,581	16,038	38,442
misc current assets
total current assets	540,523	437,854	409,777	293,603	305,985	363,294	467,249	445,317	483,128	448,131	456,931
total assets	559,157	472,576	496,285	348,759	396,290	465,749	604,858	558,502	641,943	648,555	551,931
Bank overdraft							16,060	17,094
Bank loan
Trade Creditors	468,573	407,539	479,265	314,533	335,148	1,857	15,506	38,960	552,141	535,641	548,409
Group/Directors Accounts
other short term finances
hp & lease commitments						37,152	27,234	14,850
other current liabilities						376,312	482,565	439,337
total current liabilities	468,573	407,539	479,265	314,533	335,148	415,321	541,365	510,241	552,141	535,641	548,409
loans
hp & lease commitments						4,727	26,390	27,225
Accruals and Deferred Income
other liabilities									42,075	56,925
provisions	4,659	7,058	17,158	17,158	17,158	16,889	24,522	15,637	18,702	18,810
total long term liabilities	4,659	7,058	17,158	17,158	17,158	21,616	50,912	42,862	60,777	75,735
total liabilities	473,232	414,597	496,423	331,691	352,306	436,937	592,277	553,103	612,918	611,376	548,409
net assets	85,925	57,979	-138	17,068	43,984	28,812	12,581	5,399	29,025	37,179	3,522
total shareholders funds	85,925	57,979	-138	17,068	43,984	28,812	12,581	5,399	29,025	37,179	3,522

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	34,363	71,715	-17,210	-26,918	18,656	-32,099	10,007	-12,778	16,308	2,827	2,959
Depreciation	16,088	18,669	44,277	35,165	42,582	38,244	34,322	23,720	40,694	40,181
Amortisation						15,000	20,000	20,000	20,000	20,000	5,000
Tax	-6,555	-13,632			-3,559		-1,795		-3,434	-682	-733
Stock	50,000	70,000	-30,000	-2,500	-37,500	-35,000	-20,000	60,000	85,000	-6,000	21,000
Debtors	53,563	-40,225	142,424	-9,434	-3,979	-83,903	41,445	-98,709	-35,546	19,604	397,489
Creditors	61,034	-71,726	164,732	-20,615	333,291	-13,649	-23,454	-513,181	16,500	-12,768	548,409
Accruals and Deferred Income					-376,312	-106,253	43,228	439,337
Deferred Taxes & Provisions	-2,399	-10,100			269	-7,633	8,885	-3,065	-108	18,810
Cash flow from operations	-1,032	-34,849	79,375	-434	56,406	12,513	69,748	-7,258	40,506	54,764	137,146
Investing Activities
capital expenditure		33,117	-75,629	-16	-30,432	-18,090	-78,746	1,910	-19,085	-165,605	-100,000
Change in Investments
cash flow from investments		33,117	-75,629	-16	-30,432	-18,090	-78,746	1,910	-19,085	-165,605	-100,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments					-41,879	-11,745	11,549	42,075
other long term liabilities								-42,075	-14,850	56,925
share issue						48,800		-10,303	-21,072	31,375	1,200
interest	138	34	4	2	75	-470	-1,029	-546	44	136	96
cash flow from financing	138	34	4	2	-41,804	36,585	10,520	-10,849	-35,878	88,436	1,296
cash and cash equivalents
cash	-894	-1,698	3,750	-448	-15,830	14,948	487	898	-14,457	-22,404	38,442
overdraft						-16,060	-1,034	17,094
change in cash	-894	-1,698	3,750	-448	-15,830	31,008	1,521	-16,196	-14,457	-22,404	38,442

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TURNERS PALLETS & RECYCLING SERVICES LIMITED group structure

Turners Pallets & Recycling Services Limited has no subsidiary companies.

Ultimate parent company

TURNERS PALLETS & RECYCLING SERVICES LIMITED

08259170

TURNERS PALLETS & RECYCLING SERVICES LIMITED Shareholders

mr darren russell turner	50%
mr russell darren turner	50%

Turners Pallets & Recycling Services Limited currently has 2 directors. The longest serving directors include Mr Russell Turner (Oct 2012) and Mr Darren Turner (Oct 2012).

officer	country	age	start	end	role
Mr Russell Turner	England	50 years	Oct 2012	-	Director
Mr Darren Turner	England	49 years	Oct 2012	-	Director

P&L

March 2023

turnover

+32%

operating profit

34.4k

gross margin

12.9%

-0.59%

turnover

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

Balance Sheet

March 2023

net assets

85.9k

+0.48%

total assets

559.2k

+0.18%

cash

2.8k

-0.24%

net assets

Total assets minus all liabilities

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company number

08259170

Type

Private limited with Share Capital

industry

52290 - Other transportation support activities

incorporation date

October 2012

ultimate parent company

None

previous names

N/A

address

11 roman way business centre, berry hill, droitwich spa, worcestershire, WR9 9AJ

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 turners pallets & recycling services limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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turners pallets & recycling services limited Company Information

turners pallets & recycling services limited Estimated Valuation

turners pallets & recycling services limited Estimated Valuation

turners pallets & recycling services limited Estimated Valuation

Turners Pallets & Recycling Services Limited Overview

Turners Pallets & Recycling Services Limited Health Check

TURNERS PALLETS & RECYCLING SERVICES LIMITED financials

turners pallets & recycling services limited Credit Report and Business Information

Turners Pallets & Recycling Services Limited Competitor Analysis

turners pallets & recycling services limited Ownership

turners pallets & recycling services limited directors

turners pallets & recycling services limited company details

turners pallets & recycling services limited Charges & Mortgages

turners pallets & recycling services limited Capital Raised & Share Issues BETA

turners pallets & recycling services limited Companies House Filings - See Documents