tip trailer services uk limited
tip trailer services uk limited Company Information
Company Number
08570225
Next Accounts
Sep 2025
Industry
Renting and leasing of trucks
Shareholders
global tip holdings two b.v.
Group Structure
View All
Contact
Registered Address
3rd floor, 1 ashley road, altrincham, cheshire, WA14 2DT
Website
http://www.tip-group.comtip trailer services uk limited Estimated Valuation
Pomanda estimates the enterprise value of TIP TRAILER SERVICES UK LIMITED at £432.2m based on a Turnover of £216.2m and 2x industry multiple (adjusted for size and gross margin).
tip trailer services uk limited Estimated Valuation
Pomanda estimates the enterprise value of TIP TRAILER SERVICES UK LIMITED at £591.8m based on an EBITDA of £77.6m and a 7.62x industry multiple (adjusted for size and gross margin).
tip trailer services uk limited Estimated Valuation
Pomanda estimates the enterprise value of TIP TRAILER SERVICES UK LIMITED at £167m based on Net Assets of £65.8m and 2.54x industry multiple (adjusted for liquidity).
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Tip Trailer Services Uk Limited Overview
Tip Trailer Services Uk Limited is a live company located in altrincham, WA14 2DT with a Companies House number of 08570225. It operates in the renting and leasing of trucks and other heavy vehicles sector, SIC Code 77120. Founded in June 2013, it's largest shareholder is global tip holdings two b.v. with a 100% stake. Tip Trailer Services Uk Limited is a established, mega sized company, Pomanda has estimated its turnover at £216.2m with high growth in recent years.
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Tip Trailer Services Uk Limited Health Check
Pomanda's financial health check has awarded Tip Trailer Services Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £216.2m, make it larger than the average company (£17.7m)
£216.2m - Tip Trailer Services Uk Limited
£17.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (7.1%)
26% - Tip Trailer Services Uk Limited
7.1% - Industry AVG
Production
with a gross margin of 35.6%, this company has a lower cost of product (26.1%)
35.6% - Tip Trailer Services Uk Limited
26.1% - Industry AVG
Profitability
an operating margin of 7.9% make it less profitable than the average company (12.5%)
7.9% - Tip Trailer Services Uk Limited
12.5% - Industry AVG
Employees
with 673 employees, this is above the industry average (43)
673 - Tip Trailer Services Uk Limited
43 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£47.3k)
£42.5k - Tip Trailer Services Uk Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £321.2k, this is equally as efficient (£353.2k)
£321.2k - Tip Trailer Services Uk Limited
£353.2k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (46 days)
78 days - Tip Trailer Services Uk Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (34 days)
25 days - Tip Trailer Services Uk Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is more than average (5 days)
8 days - Tip Trailer Services Uk Limited
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Tip Trailer Services Uk Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.9%, this is a higher level of debt than the average (62.6%)
88.9% - Tip Trailer Services Uk Limited
62.6% - Industry AVG
TIP TRAILER SERVICES UK LIMITED financials
Tip Trailer Services Uk Limited's latest turnover from December 2023 is £216.2 million and the company has net assets of £65.8 million. According to their latest financial statements, Tip Trailer Services Uk Limited has 673 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 216,189,000 | 161,033,000 | 122,180,000 | 108,783,000 | 110,554,000 | 102,051,000 | 91,872,000 | 83,140,000 | 64,653,000 | 55,533,000 | 10,023,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 139,295,000 | 94,658,000 | 72,264,000 | 65,483,000 | 65,796,000 | 59,864,000 | 54,263,000 | 50,066,000 | 39,824,000 | 33,448,000 | 6,129,000 |
| Gross Profit | 76,894,000 | 66,375,000 | 49,916,000 | 43,300,000 | 44,758,000 | 42,187,000 | 37,609,000 | 33,074,000 | 24,829,000 | 22,085,000 | 3,894,000 |
| Admin Expenses | 59,800,000 | 46,462,000 | 33,041,000 | 30,564,000 | 34,529,000 | 31,291,000 | 30,442,000 | 23,389,000 | 16,270,000 | 9,963,000 | 2,019,000 |
| Operating Profit | 17,094,000 | 19,913,000 | 16,875,000 | 12,736,000 | 10,229,000 | 10,896,000 | 7,167,000 | 9,685,000 | 8,559,000 | 12,122,000 | 1,875,000 |
| Interest Payable | 20,445,000 | 8,343,000 | 5,421,000 | 5,028,000 | 5,469,000 | 5,340,000 | 6,613,000 | 6,312,000 | 3,512,000 | 2,457,000 | 517,000 |
| Interest Receivable | 0 | 517,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -4,229,000 | 3,072,000 | 15,454,000 | 7,708,000 | 4,760,000 | 6,172,000 | 938,000 | 3,761,000 | 5,037,000 | 9,614,000 | 1,346,000 |
| Tax | 831,000 | -2,097,000 | -2,814,000 | -1,715,000 | -926,000 | -1,392,000 | 32,000 | -851,000 | -957,000 | -2,049,000 | -376,000 |
| Profit After Tax | -3,398,000 | 975,000 | 12,640,000 | 5,993,000 | 3,834,000 | 4,780,000 | 970,000 | 2,910,000 | 4,080,000 | 7,565,000 | 970,000 |
| Dividends Paid | 9,700,000 | 22,000,000 | 11,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -13,098,000 | -21,025,000 | 1,640,000 | 5,993,000 | 3,834,000 | 4,780,000 | 970,000 | 2,910,000 | 4,080,000 | 7,565,000 | 970,000 |
| Employee Costs | 28,625,000 | 23,425,000 | 18,807,000 | 17,161,000 | 17,070,000 | 15,478,000 | 14,734,000 | 14,615,000 | 12,581,000 | 12,060,000 | 1,716,000 |
| Number Of Employees | 673 | 530 | 425 | 429 | 405 | 405 | 379 | 359 | 305 | 284 | 218 |
| EBITDA* | 77,635,000 | 60,492,000 | 49,177,000 | 41,922,000 | 37,353,000 | 36,699,000 | 27,052,000 | 24,218,000 | 28,488,000 | 26,817,000 | 4,661,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 511,960,000 | 309,393,000 | 225,028,000 | 217,654,000 | 191,242,000 | 170,059,000 | 160,964,000 | 158,339,000 | 125,745,000 | 78,578,000 | 54,604,000 |
| Intangible Assets | 3,969,000 | 2,593,000 | 109,000 | 200,000 | 441,000 | 313,000 | -1,790,000 | -3,227,000 | -10,508,000 | -16,303,000 | -22,417,000 |
| Investments & Other | 16,919,000 | 29,400,000 | 24,135,000 | 24,135,000 | 24,135,000 | 24,135,000 | 5,561,000 | 6,841,000 | 1,041,000 | 0 | 0 |
| Debtors (Due After 1 year) | 462,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 533,310,000 | 341,386,000 | 249,272,000 | 241,989,000 | 215,818,000 | 194,507,000 | 164,735,000 | 161,953,000 | 116,278,000 | 62,275,000 | 32,187,000 |
| Stock & work in progress | 3,084,000 | 290,000 | 14,000 | 242,000 | 663,000 | 366,000 | 579,000 | 406,000 | 886,000 | 819,000 | 89,000 |
| Trade Debtors | 46,729,000 | 29,206,000 | 21,084,000 | 18,745,000 | 17,794,000 | 15,473,000 | 15,046,000 | 14,910,000 | 12,507,000 | 9,075,000 | 8,544,000 |
| Group Debtors | 2,355,000 | 0 | 0 | 0 | 0 | 0 | 5,704,000 | 0 | 0 | 1,934,000 | 0 |
| Misc Debtors | 6,967,000 | 2,568,000 | 5,966,000 | 2,802,000 | 2,410,000 | 1,112,000 | 5,541,000 | 7,492,000 | 5,954,000 | 1,520,000 | 1,948,000 |
| Cash | 2,212,000 | 172,000 | 486,000 | 7,000 | 531,000 | 0 | 949,000 | 783,000 | 1,214,000 | 595,000 | 3,574,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,000 | 0 | 0 | 0 |
| total current assets | 61,347,000 | 32,236,000 | 27,550,000 | 21,796,000 | 21,398,000 | 16,951,000 | 27,819,000 | 23,661,000 | 20,561,000 | 13,943,000 | 14,155,000 |
| total assets | 594,657,000 | 373,622,000 | 276,822,000 | 263,785,000 | 237,216,000 | 211,458,000 | 192,554,000 | 185,614,000 | 136,839,000 | 76,218,000 | 46,342,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 85,000 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,604,000 | 0 | 10,833,000 | 2,596,000 | 2,202,000 | 2,451,000 | 7,105,000 | 19,101,000 | 4,034,000 | 6,830,000 | 1,823,000 |
| Group/Directors Accounts | 81,131,000 | 34,653,000 | 33,632,000 | 40,553,000 | 4,162,000 | 137,046,000 | 0 | 6,670,000 | 2,523,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 150,000 | 250,000 | 0 |
| hp & lease commitments | 6,063,000 | 2,136,000 | 2,464,000 | 4,343,000 | 1,916,000 | 1,063,000 | 520,000 | 467,000 | 1,492,000 | 0 | 0 |
| other current liabilities | 33,747,000 | 27,076,000 | 17,782,000 | 14,070,000 | 13,553,000 | 17,008,000 | 11,851,000 | 7,770,000 | 6,351,000 | 6,380,000 | 5,705,000 |
| total current liabilities | 130,545,000 | 63,865,000 | 64,711,000 | 61,562,000 | 21,833,000 | 157,653,000 | 19,476,000 | 34,083,000 | 14,550,000 | 13,460,000 | 7,528,000 |
| loans | 388,235,000 | 219,772,000 | 136,833,000 | 126,624,000 | 151,903,000 | 0 | 142,254,000 | 120,939,000 | 94,661,000 | 40,220,000 | 24,802,000 |
| hp & lease commitments | 10,096,000 | 8,964,000 | 11,347,000 | 12,585,000 | 8,174,000 | 3,339,000 | 597,000 | 786,000 | 1,583,000 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 2,316,000 | 2,490,000 | 3,213,000 | 1,498,000 | 492,000 | 2,702,000 | 3,251,000 | 2,400,000 | 961,000 | 0 |
| total long term liabilities | 398,331,000 | 231,052,000 | 150,670,000 | 142,422,000 | 161,575,000 | 3,831,000 | 145,553,000 | 124,976,000 | 98,644,000 | 41,181,000 | 24,802,000 |
| total liabilities | 528,876,000 | 294,917,000 | 215,381,000 | 203,984,000 | 183,408,000 | 161,484,000 | 165,029,000 | 159,059,000 | 113,194,000 | 54,641,000 | 32,330,000 |
| net assets | 65,781,000 | 78,705,000 | 61,441,000 | 59,801,000 | 53,808,000 | 49,974,000 | 27,525,000 | 26,555,000 | 23,645,000 | 21,577,000 | 14,012,000 |
| total shareholders funds | 65,781,000 | 78,705,000 | 61,441,000 | 59,801,000 | 53,808,000 | 49,974,000 | 27,525,000 | 26,555,000 | 23,645,000 | 21,577,000 | 14,012,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 17,094,000 | 19,913,000 | 16,875,000 | 12,736,000 | 10,229,000 | 10,896,000 | 7,167,000 | 9,685,000 | 8,559,000 | 12,122,000 | 1,875,000 |
| Depreciation | 59,896,000 | 40,422,000 | 32,211,000 | 29,428,000 | 26,872,000 | 23,577,000 | 22,729,000 | 19,508,000 | 14,022,000 | 8,896,000 | 1,880,000 |
| Amortisation | 645,000 | 157,000 | 91,000 | -242,000 | 252,000 | 2,226,000 | -2,844,000 | -4,975,000 | 5,907,000 | 5,799,000 | 906,000 |
| Tax | 831,000 | -2,097,000 | -2,814,000 | -1,715,000 | -926,000 | -1,392,000 | 32,000 | -851,000 | -957,000 | -2,049,000 | -376,000 |
| Stock | 2,794,000 | 276,000 | -228,000 | -421,000 | 297,000 | -213,000 | 173,000 | -480,000 | 67,000 | 730,000 | 89,000 |
| Debtors | 24,739,000 | 4,724,000 | 5,503,000 | 1,343,000 | 3,619,000 | -9,706,000 | 3,889,000 | 3,941,000 | 5,932,000 | 2,037,000 | 10,492,000 |
| Creditors | 9,604,000 | -10,833,000 | 8,237,000 | 394,000 | -249,000 | -4,654,000 | -11,996,000 | 15,067,000 | -2,796,000 | 5,007,000 | 1,823,000 |
| Accruals and Deferred Income | 6,671,000 | 9,294,000 | 3,712,000 | 517,000 | -3,455,000 | 5,157,000 | 4,081,000 | 1,419,000 | -29,000 | 675,000 | 5,705,000 |
| Deferred Taxes & Provisions | -2,316,000 | -174,000 | -723,000 | 1,715,000 | 1,006,000 | -2,210,000 | -549,000 | 851,000 | 1,439,000 | 961,000 | 0 |
| Cash flow from operations | 64,892,000 | 51,682,000 | 52,314,000 | 41,911,000 | 29,813,000 | 43,519,000 | 14,558,000 | 37,243,000 | 20,146,000 | 28,644,000 | 1,232,000 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -12,481,000 | 5,265,000 | 0 | 0 | 0 | 18,574,000 | -1,280,000 | 5,800,000 | 1,041,000 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 46,478,000 | 1,021,000 | -6,921,000 | 36,391,000 | -132,884,000 | 137,046,000 | -6,670,000 | 4,147,000 | 2,523,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -75,000 | -75,000 | -100,000 | 250,000 | 0 |
| Long term loans | 168,463,000 | 82,939,000 | 10,209,000 | -25,279,000 | 151,903,000 | -142,254,000 | 21,315,000 | 26,278,000 | 54,441,000 | 15,418,000 | 24,802,000 |
| Hire Purchase and Lease Commitments | 5,059,000 | -2,711,000 | -3,117,000 | 6,838,000 | 5,688,000 | 3,285,000 | -136,000 | -1,822,000 | 3,075,000 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -20,445,000 | -7,826,000 | -5,421,000 | -5,028,000 | -5,469,000 | -5,340,000 | -6,613,000 | -6,312,000 | -3,512,000 | -2,457,000 | -517,000 |
| cash flow from financing | 199,729,000 | 111,712,000 | -5,250,000 | 12,922,000 | 19,238,000 | 10,406,000 | 7,821,000 | 22,216,000 | 54,415,000 | 13,211,000 | 37,327,000 |
| cash and cash equivalents | |||||||||||
| cash | 2,040,000 | -314,000 | 479,000 | -524,000 | 531,000 | -949,000 | 166,000 | -431,000 | 619,000 | -2,979,000 | 3,574,000 |
| overdraft | 0 | 0 | 0 | 0 | -85,000 | 85,000 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,040,000 | -314,000 | 479,000 | -524,000 | 616,000 | -1,034,000 | 166,000 | -431,000 | 619,000 | -2,979,000 | 3,574,000 |
tip trailer services uk limited Credit Report and Business Information
Tip Trailer Services Uk Limited Competitor Analysis
Perform a competitor analysis for tip trailer services uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in WA14 area or any other competitors across 12 key performance metrics.
tip trailer services uk limited Ownership
TIP TRAILER SERVICES UK LIMITED group structure
Tip Trailer Services Uk Limited has 3 subsidiary companies.
Ultimate parent company
ISQ GLOBAL FUND II GP LLC
#0112269
GLOBAL TIP HOLDINGS TWO BV
#0014846
2 parents
TIP TRAILER SERVICES UK LIMITED
08570225
3 subsidiaries
tip trailer services uk limited directors
Tip Trailer Services Uk Limited currently has 3 directors. The longest serving directors include Mr Robert Fast (Oct 2013) and Mr Michael Furnival (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Fast | United Kingdom | 67 years | Oct 2013 | - | Director |
| Mr Michael Furnival | United Kingdom | 61 years | Jul 2015 | - | Director |
| Mr Paul Beadle | United Kingdom | 55 years | Nov 2017 | - | Director |
P&L
December 2023turnover
216.2m
+34%
operating profit
17.1m
-14%
gross margin
35.6%
-13.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
65.8m
-0.16%
total assets
594.7m
+0.59%
cash
2.2m
+11.86%
net assets
Total assets minus all liabilities
tip trailer services uk limited company details
company number
08570225
Type
Private limited with Share Capital
industry
77120 - Renting and leasing of trucks
incorporation date
June 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
global tip uk limited (October 2013)
accountant
-
auditor
ERNST & YOUNG LLP
address
3rd floor, 1 ashley road, altrincham, cheshire, WA14 2DT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
tip trailer services uk 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 19 charges/mortgages relating to tip trailer services uk limited. Currently there are 12 open charges and 7 have been satisfied in the past.
tip trailer services uk limited Companies House Filings - See Documents
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