tile mountain limited

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tile mountain limited Company Information

Share TILE MOUNTAIN LIMITED

Company Number

08335002

Shareholders

mo iqbal

ansar aziz

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Group Structure

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Industry

Retail sale of hardware, paints and glass in specialised stores

 

Registered Address

connaught street tunstall, stoke on trent, st6 5tq, ST1 4AF

tile mountain limited Estimated Valuation

£114.9m

Pomanda estimates the enterprise value of TILE MOUNTAIN LIMITED at £114.9m based on a Turnover of £101.9m and 1.13x industry multiple (adjusted for size and gross margin).

tile mountain limited Estimated Valuation

£131.5m

Pomanda estimates the enterprise value of TILE MOUNTAIN LIMITED at £131.5m based on an EBITDA of £12.6m and a 10.47x industry multiple (adjusted for size and gross margin).

tile mountain limited Estimated Valuation

£83.8m

Pomanda estimates the enterprise value of TILE MOUNTAIN LIMITED at £83.8m based on Net Assets of £35.6m and 2.36x industry multiple (adjusted for liquidity).

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Tile Mountain Limited Overview

Tile Mountain Limited is a live company located in st6 5tq, ST1 4AF with a Companies House number of 08335002. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in December 2012, it's largest shareholder is mo iqbal with a 50.1% stake. Tile Mountain Limited is a established, mega sized company, Pomanda has estimated its turnover at £101.9m with high growth in recent years.

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Tile Mountain Limited Health Check

Pomanda's financial health check has awarded Tile Mountain Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £101.9m, make it larger than the average company (£15.2m)

£101.9m - Tile Mountain Limited

£15.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (8.4%)

28% - Tile Mountain Limited

8.4% - Industry AVG

production

Production

with a gross margin of 53.5%, this company has a lower cost of product (32.1%)

53.5% - Tile Mountain Limited

32.1% - Industry AVG

profitability

Profitability

an operating margin of 9.1% make it more profitable than the average company (4.6%)

9.1% - Tile Mountain Limited

4.6% - Industry AVG

employees

Employees

with 457 employees, this is above the industry average (54)

457 - Tile Mountain Limited

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £21.3k, the company has a lower pay structure (£35k)

£21.3k - Tile Mountain Limited

£35k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £222.9k, this is equally as efficient (£214.9k)

£222.9k - Tile Mountain Limited

£214.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (34 days)

1 days - Tile Mountain Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 63 days, this is slower than average (43 days)

63 days - Tile Mountain Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 123 days, this is more than average (99 days)

123 days - Tile Mountain Limited

99 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (20 weeks)

7 weeks - Tile Mountain Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 60.4%, this is a higher level of debt than the average (45.1%)

60.4% - Tile Mountain Limited

45.1% - Industry AVG

TILE MOUNTAIN LIMITED financials

EXPORTms excel logo

Tile Mountain Limited's latest turnover from December 2023 is £101.9 million and the company has net assets of £35.6 million. According to their latest financial statements, Tile Mountain Limited has 457 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Turnover101,873,57386,576,75671,954,03648,580,00034,344,3146,715,9134,970,3803,427,0402,286,8053,792,6091,675,931
Other Income Or Grants00000000000
Cost Of Sales47,345,70643,329,52237,641,26424,921,00017,288,7374,245,5213,086,1792,193,8891,464,8402,412,3031,083,938
Gross Profit54,527,86743,247,23434,312,77223,659,00017,055,5772,470,3931,884,2011,233,151821,9641,380,305591,992
Admin Expenses45,301,49238,783,08830,089,57820,638,00014,712,1671,909,0091,749,433718,434416,9891,857,746980,111
Operating Profit9,226,3754,464,1464,223,1943,021,0002,343,410561,384134,768514,717404,975-477,441-388,119
Interest Payable1,852,634641,792281,221433,000328,97711,5433,2480000
Interest Receivable72,1215,99916801371,7662,7673,3389,4905,259200
Pre-Tax Profit7,445,8623,828,3533,942,1412,588,0002,014,570551,607134,286518,055414,465-472,182-387,919
Tax-2,171,243-841,388-1,056,532-497,000-435,041-104,805-25,514-103,611-82,89300
Profit After Tax5,274,6192,986,9652,885,6092,091,0001,579,529446,802108,772414,444331,572-472,182-387,919
Dividends Paid500,000500,0000150,0000000000
Retained Profit4,774,6192,486,9652,885,6091,941,0001,579,529446,802108,772414,444331,572-472,182-387,919
Employee Costs9,720,6678,848,4126,942,1626,391,0004,893,0671,143,736957,778652,895598,437722,828346,812
Number Of Employees457423359281239444030273417
EBITDA*12,557,5397,631,6406,221,0864,303,0003,335,921955,519476,995659,368492,081-422,530-361,526

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Tangible Assets50,987,74930,537,56126,319,78516,129,00016,191,2649,718,4368,202,8181,211,383229,591166,002130,022
Intangible Assets15,349,57816,982,55618,345,6734,204,0004,589,323189,427113,8500000
Investments & Other000010010000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets66,337,32747,520,11744,665,45820,333,00020,780,6879,907,9638,316,6681,211,383229,591166,002130,022
Stock & work in progress16,038,76614,296,44517,523,2446,366,0007,326,1062,178,3772,332,8971,519,3911,589,7831,290,582796,738
Trade Debtors511,867710,339832,059676,0001,500,154014,15332,3626,126180,33256,717
Group Debtors001,050,0000172,243300,38300000
Misc Debtors2,158,9781,905,2931,380,867604,000734,332324,585845,6011,260,284151,67900
Cash3,905,9802,643,239908,1685,405,000824,947262,204208,698898,1731,772,3492,023,51879,937
misc current assets800,886282,002000000000
total current assets23,416,47719,837,31821,694,33813,051,00010,557,7823,065,5493,401,3493,710,2103,519,9373,494,432933,392
total assets89,753,80467,357,43566,359,79633,384,00031,338,46912,973,51211,718,0174,921,5933,749,5283,660,4341,063,414
Bank overdraft00004,655,620242,05199,9500000
Bank loan7,661,323974,3741,331,8921,295,0000000000
Trade Creditors 8,258,6775,218,3576,468,9693,923,0005,795,1451,856,5121,586,915993,995377,440810,535341,333
Group/Directors Accounts0050,4980400,360000000
other short term finances00002,055,240000000
hp & lease commitments048,12564,43994,000257,421000000
other current liabilities11,834,4517,477,0229,621,3184,148,0003,392,179399,765546,415331,683190,61700
total current liabilities27,754,45113,717,87817,537,1169,460,00016,555,9652,498,3282,233,2801,325,678568,057810,535341,333
loans18,960,38917,789,66816,891,57112,060,0005,094,712000000
hp & lease commitments0055,802139,000425,125000000
Accruals and Deferred Income267,7500000000000
other liabilities3,403,1693,521,4163,035,383728,000753,6846,071,5345,580,0500000
provisions3,815,8871,550,934494,000386,000325,90252,16100000
total long term liabilities26,447,19522,862,01820,476,75613,313,0006,599,4236,123,6955,580,0500000
total liabilities54,201,64636,579,89638,013,87222,773,00023,155,3888,622,0237,813,3301,325,678568,057810,535341,333
net assets35,552,15830,777,53928,345,92410,611,0008,183,0814,351,4893,904,6873,595,9153,181,4712,849,899722,081
total shareholders funds35,552,15830,777,53928,345,92410,611,0008,183,0814,351,4893,904,6873,595,9153,181,4712,849,899722,081
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Operating Activities
Operating Profit9,226,3754,464,1464,223,1943,021,0002,343,410561,384134,768514,717404,975-477,441-388,119
Depreciation716,025711,789568,081517,000486,821325,442342,227144,65187,10654,91126,593
Amortisation2,615,1392,455,7051,429,811765,000505,69068,69300000
Tax-2,171,243-841,388-1,056,532-497,000-435,041-104,805-25,514-103,611-82,89300
Stock1,742,321-3,226,79911,157,244-960,1065,147,729-154,520813,506-70,392299,201493,844796,738
Debtors55,213-647,2941,982,926-1,126,7291,781,761-234,786-432,8921,134,841-22,527123,61556,717
Creditors3,040,320-1,250,6122,545,969-1,872,1453,938,633269,597592,920616,555-433,095469,202341,333
Accruals and Deferred Income4,625,179-2,144,2965,473,318755,8212,992,414-146,650214,732141,066190,61700
Deferred Taxes & Provisions2,264,9531,056,934108,00060,098273,74152,16100000
Cash flow from operations18,519,2148,326,371151,6714,836,6093,176,1781,415,128878,519248,929-109,964-570,787-873,648
Investing Activities
capital expenditure00000-1,985,330-7,447,512-1,126,443-150,695-90,891-156,615
Change in Investments000-100010000000
cash flow from investments0001000-1,985,430-7,447,512-1,126,443-150,695-90,891-156,615
Financing Activities
Bank loans6,686,949-357,51836,8921,295,0000000000
Group/Directors Accounts0-50,49850,498-400,360400,360000000
Other Short Term Loans 000-2,055,2402,055,240000000
Long term loans1,170,721898,0974,831,5716,965,2885,094,712000000
Hire Purchase and Lease Commitments-48,125-72,116-112,759-449,546682,546000000
other long term liabilities-118,247486,0332,307,383-25,684-5,317,850491,4845,580,0500000
share issue0-55,35014,849,315486,9192,252,0630200,000002,600,0001,110,000
interest-1,780,513-635,793-281,053-433,000-328,840-9,777-4813,3389,4905,259200
cash flow from financing5,910,785212,85521,681,8475,383,3774,838,231481,7075,779,5693,3389,4902,605,2591,110,200
cash and cash equivalents
cash1,262,7411,735,071-4,496,8324,580,053562,74353,506-689,475-874,176-251,1691,943,58179,937
overdraft000-4,655,6204,413,569142,10199,9500000
change in cash1,262,7411,735,071-4,496,8329,235,673-3,850,826-88,595-789,425-874,176-251,1691,943,58179,937

tile mountain 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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Tile Mountain Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for tile mountain limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in ST1 area or any other competitors across 12 key performance metrics.

tile mountain limited Ownership

TILE MOUNTAIN LIMITED group structure

Tile Mountain Limited has 5 subsidiary companies.

TILE MOUNTAIN LIMITED Shareholders

mo iqbal 50.1%
ansar aziz 17.96%
zhuo li 11.69%
youzhong wang 11.69%
jeremy harris 3.93%
colin hampson 3.68%
jordan cooper 0.95%

tile mountain limited directors

Tile Mountain Limited currently has 3 directors. The longest serving directors include Mr Jeremy Harris (Mar 2013) and Mr Mohammed Iqbal (Jun 2013).

officercountryagestartendrole
Mr Jeremy HarrisEngland53 years Mar 2013- Director
Mr Mohammed IqbalEngland52 years Jun 2013- Director
Mr Nicholas OunsteadEngland64 years Jun 2013- Director

P&L

December 2023

turnover

101.9m

+18%

operating profit

9.2m

+107%

gross margin

53.6%

+7.15%

turnover

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

Balance Sheet

December 2023

net assets

35.6m

+0.16%

total assets

89.8m

+0.33%

cash

3.9m

+0.48%

net assets

Total assets minus all liabilities

tile mountain limited company details

company number

08335002

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

December 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

world wide tiles limited (February 2013)

accountant

-

auditor

FAIRHURST

address

connaught street tunstall, stoke on trent, st6 5tq, ST1 4AF

Bank

-

Legal Advisor

-

tile mountain 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 found 11 charges/mortgages relating to tile mountain limited. Currently there are 6 open charges and 5 have been satisfied in the past.

tile mountain 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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tile mountain limited Companies House Filings - See Documents

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