tower transit operations ltd
tower transit operations ltd Company Information
Company Number
08314506
Next Accounts
Mar 2026
Shareholders
tower transit ltd
Group Structure
View All
Industry
Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
Registered Address
harrington house 25 high street, harrington, northampton, NN6 9NU
Website
www.towertransit.co.uktower transit operations ltd Estimated Valuation
Pomanda estimates the enterprise value of TOWER TRANSIT OPERATIONS LTD at £251.9k based on a Turnover of £587k and 0.43x industry multiple (adjusted for size and gross margin).
tower transit operations ltd Estimated Valuation
Pomanda estimates the enterprise value of TOWER TRANSIT OPERATIONS LTD at £0 based on an EBITDA of £-1.8m and a 2.96x industry multiple (adjusted for size and gross margin).
tower transit operations ltd Estimated Valuation
Pomanda estimates the enterprise value of TOWER TRANSIT OPERATIONS LTD at £43.5m based on Net Assets of £18.2m and 2.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tower Transit Operations Ltd Overview
Tower Transit Operations Ltd is a live company located in northampton, NN6 9NU with a Companies House number of 08314506. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in November 2012, it's largest shareholder is tower transit ltd with a 100% stake. Tower Transit Operations Ltd is a established, small sized company, Pomanda has estimated its turnover at £587k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Tower Transit Operations Ltd Health Check
Pomanda's financial health check has awarded Tower Transit Operations Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £587k, make it smaller than the average company (£27.6m)
£587k - Tower Transit Operations Ltd
£27.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -80%, show it is growing at a slower rate (13%)
-80% - Tower Transit Operations Ltd
13% - Industry AVG
Production
with a gross margin of 6.8%, this company has a comparable cost of product (6.8%)
6.8% - Tower Transit Operations Ltd
6.8% - Industry AVG
Profitability
an operating margin of -311.1% make it less profitable than the average company (3.5%)
-311.1% - Tower Transit Operations Ltd
3.5% - Industry AVG
Employees
with 11 employees, this is below the industry average (369)
11 - Tower Transit Operations Ltd
369 - Industry AVG
Pay Structure
on an average salary of £155.7k, the company has a higher pay structure (£37.4k)
£155.7k - Tower Transit Operations Ltd
£37.4k - Industry AVG
Efficiency
resulting in sales per employee of £53.4k, this is less efficient (£71k)
£53.4k - Tower Transit Operations Ltd
£71k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (7 days)
109 days - Tower Transit Operations Ltd
7 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (10 days)
60 days - Tower Transit Operations Ltd
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tower Transit Operations Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is more cash available to meet short term requirements (4 weeks)
5 weeks - Tower Transit Operations Ltd
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.8%, this is a similar level of debt than the average (64.2%)
58.8% - Tower Transit Operations Ltd
64.2% - Industry AVG
TOWER TRANSIT OPERATIONS LTD financials
Tower Transit Operations Ltd's latest turnover from June 2024 is £587 thousand and the company has net assets of £18.2 million. According to their latest financial statements, Tower Transit Operations Ltd has 11 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 587,000 | 1,057,000 | 44,869,000 | 71,599,000 | 114,366,000 | 90,150,000 | 102,510,000 | 102,099,000 | 104,201,000 | 99,377,713 | 74,936,216 |
| Other Income Or Grants | 2,485,000 | ||||||||||
| Cost Of Sales | 31,821,000 | 51,635,000 | 79,273,000 | 67,654,000 | 76,701,000 | 68,908,000 | 71,536,000 | 67,558,018 | 50,771,777 | ||
| Gross Profit | 13,048,000 | 19,964,000 | 37,578,000 | 22,496,000 | 25,809,000 | 33,191,000 | 32,665,000 | 31,819,695 | 24,164,439 | ||
| Admin Expenses | 985,000 | 21,436,000 | 38,085,000 | 27,552,000 | 22,048,000 | 31,602,000 | 33,260,000 | 28,259,016 | 21,496,509 | ||
| Operating Profit | -1,826,000 | -2,384,000 | 12,063,000 | -1,472,000 | -507,000 | -5,056,000 | 3,761,000 | 1,589,000 | -595,000 | 3,560,679 | 2,667,930 |
| Interest Payable | 523,000 | 507,000 | 1,544,000 | 1,577,000 | 1,954,000 | 500,000 | 532,000 | 875,000 | 1,167,000 | 1,612,845 | 1,284,052 |
| Interest Receivable | 330,000 | 378,000 | 41,000 | 41,000 | 73,000 | 87,000 | 133,000 | 229,000 | 203,000 | 57,413 | 1,151 |
| Pre-Tax Profit | -1,573,000 | -2,513,000 | 10,560,000 | -3,008,000 | -2,388,000 | -5,469,000 | 3,362,000 | 943,000 | -1,559,000 | 2,005,247 | 751,852 |
| Tax | 453,000 | 942,000 | 221,000 | -35,000 | 194,000 | -75,000 | -204,000 | 10,000 | 84,000 | -469,655 | -203,940 |
| Profit After Tax | -1,120,000 | -1,571,000 | 10,781,000 | -3,043,000 | -2,194,000 | -5,544,000 | 3,158,000 | 953,000 | -1,475,000 | 1,535,592 | 547,912 |
| Dividends Paid | 325,000 | ||||||||||
| Retained Profit | -1,120,000 | -1,571,000 | 10,781,000 | -3,043,000 | -2,194,000 | -5,869,000 | 3,158,000 | 953,000 | -1,475,000 | 1,535,592 | 547,912 |
| Employee Costs | 1,713,000 | 1,493,000 | 33,058,000 | 53,699,000 | 79,872,000 | 59,921,000 | 67,300,000 | 67,209,000 | 67,222,000 | 61,762,099 | 45,131,117 |
| Number Of Employees | 11 | 11 | 742 | 1,143 | 1,380 | 1,438 | 1,626 | 1,706 | 1,751 | 1,644 | 1,588 |
| EBITDA* | -1,823,000 | -2,384,000 | 16,725,000 | 5,638,000 | 11,289,000 | -4,010,000 | 4,970,000 | 2,883,000 | 1,733,303,000 | 5,344,031 | 3,704,429 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 70,649,000 | 60,212,000 | 42,745,000 | 43,579,000 | 44,166,000 | 42,891,000 | 19,948,179 | 21,692,235 | |||
| Intangible Assets | 63,000 | 2,000 | 2,000 | 8,000 | 35,000 | 151,000 | 350,000 | 2,955,814 | 2,218,539 | ||
| Investments & Other | 33,491,000 | 33,555,000 | 42,011,000 | ||||||||
| Debtors (Due After 1 year) | 6,053,000 | 6,797,000 | |||||||||
| Total Fixed Assets | 39,607,000 | 40,352,000 | 42,011,000 | 70,651,000 | 60,214,000 | 42,753,000 | 43,614,000 | 44,317,000 | 43,241,000 | 22,903,993 | 23,910,774 |
| Stock & work in progress | 512,000 | 453,000 | 478,000 | 526,000 | 584,000 | 512,000 | 496,737 | 566,480 | |||
| Trade Debtors | 176,000 | 149,000 | 507,000 | 2,302,000 | 3,052,000 | 1,962,000 | 3,285,000 | 3,192,000 | 7,130,000 | 2,474,160 | 2,258,895 |
| Group Debtors | 1,144,000 | 1,790,000 | 1,724,000 | 1,298,000 | 2,558,000 | 1,809,000 | 5,551,000 | 5,222,000 | 1,638,384 | 21,675 | |
| Misc Debtors | 19,000 | 228,000 | 2,662,000 | 1,807,000 | 1,932,000 | 2,478,000 | 2,148,000 | 2,007,276 | 1,993,177 | ||
| Cash | 2,346,000 | 2,506,000 | 1,031,000 | 3,375,000 | 5,039,000 | 636,000 | 530,000 | 1,608,000 | 2,211,000 | 3,136,336 | 2,154,356 |
| misc current assets | 854,000 | 753,000 | 1,562,000 | ||||||||
| total current assets | 4,539,000 | 5,198,000 | 5,052,000 | 10,149,000 | 12,909,000 | 6,817,000 | 12,370,000 | 12,754,000 | 9,853,000 | 9,752,893 | 6,994,583 |
| total assets | 44,146,000 | 45,550,000 | 47,063,000 | 80,800,000 | 73,123,000 | 49,570,000 | 55,984,000 | 57,071,000 | 53,094,000 | 32,656,886 | 30,905,357 |
| Bank overdraft | 1,927,000 | 750,000 | |||||||||
| Bank loan | |||||||||||
| Trade Creditors | 90,000 | 21,000 | 108,000 | 1,522,000 | 950,000 | 893,000 | 2,429,000 | 924,000 | 1,162,000 | 726,557 | 877,843 |
| Group/Directors Accounts | 20,191,000 | 20,162,000 | 18,281,000 | 26,210,000 | 17,972,000 | 18,593,000 | 15,944,000 | 14,895,000 | 17,380,469 | 19,677,342 | |
| other short term finances | |||||||||||
| hp & lease commitments | 4,611,000 | 5,095,000 | 31,996 | 31,999 | |||||||
| other current liabilities | 1,838,000 | 1,787,000 | 2,760,000 | 5,144,000 | 31,362,000 | 5,628,000 | 4,982,000 | 13,550,000 | 12,815,000 | 5,447,275 | 4,740,327 |
| total current liabilities | 22,119,000 | 21,970,000 | 21,149,000 | 37,487,000 | 37,407,000 | 26,420,000 | 26,754,000 | 30,418,000 | 28,872,000 | 23,586,297 | 25,327,511 |
| loans | 39,866,000 | 2,800,000 | 2,800,000 | ||||||||
| hp & lease commitments | 31,253,000 | 19,933,000 | 5,333 | 39,996 | |||||||
| Accruals and Deferred Income | 189,000 | 392,000 | 864,000 | 1,112,933 | |||||||
| other liabilities | |||||||||||
| provisions | 3,837,000 | 4,270,000 | 5,033,000 | 6,650,000 | 14,660,000 | 6,404,000 | 6,426,000 | 6,804,000 | 7,061,000 | 3,068,818 | 2,189,937 |
| total long term liabilities | 3,837,000 | 4,270,000 | 5,033,000 | 37,903,000 | 27,263,000 | 6,404,000 | 6,615,000 | 7,196,000 | 7,925,000 | 6,987,084 | 5,029,933 |
| total liabilities | 25,956,000 | 26,240,000 | 26,182,000 | 75,390,000 | 64,670,000 | 32,824,000 | 33,369,000 | 37,614,000 | 36,797,000 | 30,573,381 | 30,357,444 |
| net assets | 18,190,000 | 19,310,000 | 20,881,000 | 5,410,000 | 8,453,000 | 16,746,000 | 22,615,000 | 19,457,000 | 16,297,000 | 2,083,505 | 547,913 |
| total shareholders funds | 18,190,000 | 19,310,000 | 20,881,000 | 5,410,000 | 8,453,000 | 16,746,000 | 22,615,000 | 19,457,000 | 16,297,000 | 2,083,505 | 547,913 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -1,826,000 | -2,384,000 | 12,063,000 | -1,472,000 | -507,000 | -5,056,000 | 3,761,000 | 1,589,000 | -595,000 | 3,560,679 | 2,667,930 |
| Depreciation | 4,661,000 | 7,110,000 | 11,790,000 | 1,015,000 | 1,093,000 | 1,090,000 | 1,624,636,000 | 1,539,559 | 1,116,795 | ||
| Amortisation | 3,000 | 1,000 | 6,000 | 31,000 | 116,000 | 204,000 | 109,262,000 | 243,793 | -80,296 | ||
| Tax | 453,000 | 942,000 | 221,000 | -35,000 | 194,000 | -75,000 | -204,000 | 10,000 | 84,000 | -469,655 | -203,940 |
| Stock | -512,000 | 59,000 | -25,000 | -48,000 | -58,000 | 72,000 | 15,263 | -69,743 | 566,480 | ||
| Debtors | -1,344,000 | 6,277,000 | -3,803,000 | -1,155,000 | 1,714,000 | -5,611,000 | 752,000 | 3,432,000 | 1,010,180 | 1,846,073 | 4,273,747 |
| Creditors | 69,000 | -87,000 | -1,414,000 | 572,000 | 57,000 | -1,536,000 | 1,505,000 | -238,000 | 435,443 | -151,286 | 877,843 |
| Accruals and Deferred Income | 51,000 | -973,000 | -2,384,000 | -26,218,000 | 25,734,000 | 457,000 | -8,771,000 | 263,000 | 7,118,792 | 1,819,881 | 4,740,327 |
| Deferred Taxes & Provisions | -433,000 | -763,000 | -1,617,000 | -8,010,000 | 8,256,000 | -22,000 | -378,000 | -257,000 | 3,992,182 | 878,881 | 2,189,937 |
| Cash flow from operations | -339,000 | -9,542,000 | 15,846,000 | -26,957,000 | 43,841,000 | 473,000 | -3,572,000 | -843,000 | 1,743,907,974 | 5,645,522 | 6,468,369 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -64,000 | -8,456,000 | 42,011,000 | ||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 29,000 | 1,881,000 | -7,929,000 | 26,210,000 | -17,972,000 | -621,000 | 2,649,000 | 1,049,000 | -2,485,469 | -2,296,873 | 19,677,342 |
| Other Short Term Loans | |||||||||||
| Long term loans | -39,866,000 | 39,866,000 | -2,800,000 | 2,800,000 | |||||||
| Hire Purchase and Lease Commitments | -35,864,000 | 10,836,000 | 25,028,000 | -37,329 | -34,666 | 71,995 | |||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -193,000 | -129,000 | -1,503,000 | -1,536,000 | -1,881,000 | -413,000 | -399,000 | -646,000 | -964,000 | -1,555,432 | -1,282,901 |
| cash flow from financing | -164,000 | 1,752,000 | -40,606,000 | -4,356,000 | 38,942,000 | -1,034,000 | 2,250,000 | 2,610,000 | 9,401,697 | -3,886,971 | 21,266,437 |
| cash and cash equivalents | |||||||||||
| cash | -160,000 | 1,475,000 | -2,344,000 | -1,664,000 | 4,403,000 | 106,000 | -1,078,000 | -603,000 | -925,336 | 981,980 | 2,154,356 |
| overdraft | -1,927,000 | 1,177,000 | 750,000 | ||||||||
| change in cash | -160,000 | 1,475,000 | -2,344,000 | -1,664,000 | 6,330,000 | -1,071,000 | -1,828,000 | -603,000 | -925,336 | 981,980 | 2,154,356 |
tower transit operations ltd Credit Report and Business Information
Tower Transit Operations Ltd Competitor Analysis
Perform a competitor analysis for tower transit operations ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in NN6 area or any other competitors across 12 key performance metrics.
tower transit operations ltd Ownership
TOWER TRANSIT OPERATIONS LTD group structure
Tower Transit Operations Ltd has no subsidiary companies.
Ultimate parent company
SEALINK TRAVEL GROUP LTD
#0120480
2 parents
TOWER TRANSIT OPERATIONS LTD
08314506
tower transit operations ltd directors
Tower Transit Operations Ltd currently has 2 directors. The longest serving directors include Mr Paul Cox (Jul 2013) and Mr Andrew Muir (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Cox | United Kingdom | 63 years | Jul 2013 | - | Director |
| Mr Andrew Muir | Australia | 55 years | Jan 2020 | - | Director |
P&L
June 2024turnover
587k
-44%
operating profit
-1.8m
-23%
gross margin
6.9%
+49.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
18.2m
-0.06%
total assets
44.1m
-0.03%
cash
2.3m
-0.06%
net assets
Total assets minus all liabilities
tower transit operations ltd company details
company number
08314506
Type
Private limited with Share Capital
industry
49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
incorporation date
November 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2024
previous names
centrewest (no.1) limited (June 2013)
accountant
-
auditor
ERNST & YOUNG LLP
address
harrington house 25 high street, harrington, northampton, NN6 9NU
Bank
HSBC BANK PLC
Legal Advisor
-
tower transit operations ltd 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 found 6 charges/mortgages relating to tower transit operations ltd. Currently there are 0 open charges and 6 have been satisfied in the past.
tower transit operations ltd 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.
Click to start generating capital raising & share issue transactions for TOWER TRANSIT OPERATIONS LTD. This can take several minutes, an email will notify you when this has completed.
tower transit operations ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
