network tyres limited
network tyres limited Company Information
Company Number
08637470
Next Accounts
Jan 2025
Industry
Retail trade of motor vehicle parts and accessories
Directors
Shareholders
robert david evans
nigel farr
Group Structure
View All
Contact
Registered Address
185 manor road, erith, kent, DA8 2AD
Website
www.networktyres.co.uknetwork tyres limited Estimated Valuation
Pomanda estimates the enterprise value of NETWORK TYRES LIMITED at £157.5k based on a Turnover of £606.5k and 0.26x industry multiple (adjusted for size and gross margin).
network tyres limited Estimated Valuation
Pomanda estimates the enterprise value of NETWORK TYRES LIMITED at £0 based on an EBITDA of £-190.3k and a 3.24x industry multiple (adjusted for size and gross margin).
network tyres limited Estimated Valuation
Pomanda estimates the enterprise value of NETWORK TYRES LIMITED at £0 based on Net Assets of £-403.6k and 2.72x industry multiple (adjusted for liquidity).
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Network Tyres Limited Overview
Network Tyres Limited is a dissolved company that was located in kent, DA8 2AD with a Companies House number of 08637470. It operated in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in August 2013, it's largest shareholder was robert david evans with a 50% stake. The last turnover for Network Tyres Limited was estimated at £606.5k.
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Network Tyres Limited Health Check
Pomanda's financial health check has awarded Network Tyres Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £606.5k, make it smaller than the average company (£1.4m)
- Network Tyres Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.5%)
- Network Tyres Limited
5.5% - Industry AVG
Production
with a gross margin of 20.3%, this company has a higher cost of product (33.4%)
- Network Tyres Limited
33.4% - Industry AVG
Profitability
an operating margin of -31.4% make it less profitable than the average company (4.2%)
- Network Tyres Limited
4.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (58)
6 - Network Tyres Limited
58 - Industry AVG
Pay Structure
on an average salary of £25.7k, the company has an equivalent pay structure (£25.7k)
- Network Tyres Limited
£25.7k - Industry AVG
Efficiency
resulting in sales per employee of £101.1k, this is equally as efficient (£113.1k)
- Network Tyres Limited
£113.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (33 days)
- Network Tyres Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 305 days, this is slower than average (48 days)
- Network Tyres Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Network Tyres Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Network Tyres Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38945%, this is a higher level of debt than the average (66.8%)
38945% - Network Tyres Limited
66.8% - Industry AVG
NETWORK TYRES LIMITED financials
Network Tyres Limited's latest turnover from August 2018 is estimated at £606.5 thousand and the company has net assets of -£403.6 thousand. According to their latest financial statements, Network Tyres Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 6 | 8 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 20,664 | 23,843 | 23,252 | 25,919 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,000 | 21,664 | 24,843 | 24,252 | 26,919 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 39 | 135,922 | 117,635 | 88,390 | 128,900 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 11,944 | 0 | 0 | 0 |
| total current assets | 39 | 147,866 | 117,635 | 88,390 | 128,900 |
| total assets | 1,039 | 169,530 | 142,478 | 112,642 | 155,819 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 404,639 | 376,774 | 261,626 | 159,844 | 165,427 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 404,639 | 376,774 | 261,626 | 159,844 | 165,427 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 6,049 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 6,049 | 0 | 0 | 0 |
| total liabilities | 404,639 | 382,823 | 261,626 | 159,844 | 165,427 |
| net assets | -403,600 | -213,293 | -119,148 | -47,202 | -9,608 |
| total shareholders funds | -403,600 | -213,293 | -119,148 | -47,202 | -9,608 |
| Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -135,883 | 18,287 | 29,245 | -40,510 | 128,900 |
| Creditors | 27,865 | 115,148 | 101,782 | -5,583 | 165,427 |
| Accruals and Deferred Income | -6,049 | 6,049 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 1,000 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
network tyres limited Credit Report and Business Information
Network Tyres Limited Competitor Analysis
Perform a competitor analysis for network tyres limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in DA8 area or any other competitors across 12 key performance metrics.
network tyres limited Ownership
NETWORK TYRES LIMITED group structure
Network Tyres Limited has no subsidiary companies.
Ultimate parent company
NETWORK TYRES LIMITED
08637470
network tyres limited directors
Network Tyres Limited currently has 1 director, Mr Robert Evans serving since Aug 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Evans | 70 years | Aug 2013 | - | Director |
P&L
August 2018turnover
606.5k
-28%
operating profit
-190.3k
0%
gross margin
20.3%
+0.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2018net assets
-403.6k
+0.89%
total assets
1k
-0.99%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
network tyres limited company details
company number
08637470
Type
Private limited with Share Capital
industry
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
August 2013
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2018
previous names
N/A
accountant
-
auditor
-
address
185 manor road, erith, kent, DA8 2AD
Bank
-
Legal Advisor
-
network tyres 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 network tyres limited.
network tyres 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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network tyres limited Companies House Filings - See Documents
| date | description | view/download |
|---|
