Pomanda estimates the enterprise value of 57 TYRES LIMITED at £372.3k based on a Turnover of £1.7m and 0.22x industry multiple (adjusted for size and gross margin).
57 tyres limitedEstimated Valuation
£56.5k
Pomanda estimates the enterprise value of 57 TYRES LIMITED at £56.5k based on an EBITDA of £21.2k and a 2.67x industry multiple (adjusted for size and gross margin).
57 tyres limitedEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of 57 TYRES LIMITED at £1.1m based on Net Assets of £426.6k and 2.47x industry multiple (adjusted for liquidity).
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57 Tyres LimitedOverview
57 Tyres Limited is a live company located in newport, NP19 4PT with a Companies House number of 09487896. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in March 2015, it's largest shareholder is
david lyn davies
with a 60% stake. 57 Tyres Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.7m with
high
growth in recent years.
Pomanda's financial health check has awarded 57 Tyres Limited a 2.5 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
Health Rating2.5out of 5
2 Strong
3 Regular
6 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£4.3m)
£1.7m - 57 Tyres Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.8%)
21% - 57 Tyres Limited
6.8% - Industry AVG
Production
with a gross margin of 16%, this company has a higher cost of product (29%)
16% - 57 Tyres Limited
29% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (3.9%)
0.6% - 57 Tyres Limited
3.9% - Industry AVG
Employees
with 11 employees, this is below the industry average (34)
11 - 57 Tyres Limited
34 - Industry AVG
Pay Structure
on an average salary of £29.3k, the company has an equivalent pay structure (£29.3k)
£29.3k - 57 Tyres Limited
£29.3k - Industry AVG
Efficiency
resulting in sales per employee of £153.2k, this is equally as efficient (£169.1k)
£153.2k - 57 Tyres Limited
£169.1k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (37 days)
62 days - 57 Tyres Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 172 days, this is slower than average (48 days)
172 days - 57 Tyres Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 190 days, this is more than average (63 days)
190 days - 57 Tyres Limited
63 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 57 Tyres Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.4%, this is a similar level of debt than the average (65.9%)
62.4% - 57 Tyres Limited
65.9% - Industry AVG
57 TYRES LIMITED financials
EXPORT
57 Tyres Limited's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of £426.6 thousand. According to their latest financial statements, 57 Tyres Limited has 11 employees and maintains cash reserves of 0 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
Turnover
1,685,145
1,276,544
1,069,830
951,820
703,931
595,895
1,244,633
352,639
Other Income Or Grants
Cost Of Sales
1,414,917
1,037,454
871,327
766,012
553,053
475,164
996,485
286,088
Gross Profit
270,228
239,090
198,503
185,808
150,878
120,730
248,148
66,551
Admin Expenses
260,043
193,047
154,791
133,043
107,447
-20,856
136,680
-19,718
Operating Profit
10,185
46,043
43,712
52,765
43,431
141,586
111,468
86,269
Interest Payable
1,963
980
808
1,114
1,105
496
Interest Receivable
2
5
Pre-Tax Profit
8,222
45,063
42,904
51,651
42,326
141,090
111,470
86,274
Tax
-1,562
-8,562
-8,152
-9,814
-8,042
-26,807
-22,294
-17,255
Profit After Tax
6,660
36,501
34,752
41,837
34,284
114,283
89,176
69,019
Dividends Paid
Retained Profit
6,660
36,501
34,752
41,837
34,284
114,283
89,176
69,019
Employee Costs
321,935
319,601
302,054
323,623
286,458
271,468
140,424
49,302
Number Of Employees
11
12
12
12
11
11
6
2
EBITDA*
21,179
60,700
63,256
62,157
63,557
141,586
111,468
92,876
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Tangible Assets
111,092
43,973
58,630
78,174
37,566
51,943
38,227
20,514
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
111,092
43,973
58,630
78,174
37,566
51,943
38,227
20,514
Stock & work in progress
737,540
670,363
553,129
542,875
409,031
371,150
195,670
Trade Debtors
287,238
253,836
250,658
175,640
152,770
79,510
359,993
23,664
Group Debtors
Misc Debtors
Cash
1,836
misc current assets
total current assets
1,024,778
924,199
803,787
718,515
561,801
450,660
359,993
221,170
total assets
1,135,870
968,172
862,417
796,689
599,367
502,603
398,220
241,684
Bank overdraft
16,718
21,577
7,457
19,041
17,483
15,247
Bank loan
Trade Creditors
668,413
411,268
349,391
338,877
178,109
167,665
222,301
172,664
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
685,131
432,845
356,848
357,918
195,592
182,912
222,301
172,664
loans
hp & lease commitments
Accruals and Deferred Income
1,860
other liabilities
24,127
115,375
122,118
90,072
96,913
47,113
15,864
provisions
total long term liabilities
24,127
115,375
122,118
90,072
96,913
47,113
17,724
total liabilities
709,258
548,220
478,966
447,990
292,505
230,025
240,025
172,664
net assets
426,612
419,952
383,451
348,699
306,862
272,578
158,195
69,020
total shareholders funds
426,612
419,952
383,451
348,699
306,862
272,578
158,195
69,020
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Operating Activities
Operating Profit
10,185
46,043
43,712
52,765
43,431
141,586
111,468
86,269
Depreciation
10,994
14,657
19,544
9,392
20,126
6,607
Amortisation
Tax
-1,562
-8,562
-8,152
-9,814
-8,042
-26,807
-22,294
-17,255
Stock
67,177
117,234
10,254
133,844
37,881
371,150
-195,670
195,670
Debtors
33,402
3,178
75,018
22,870
73,260
-280,483
336,329
23,664
Creditors
257,145
61,877
10,514
160,768
10,444
-54,636
49,637
172,664
Accruals and Deferred Income
-1,860
1,860
Deferred Taxes & Provisions
Cash flow from operations
176,183
-6,397
-19,654
56,397
-45,182
-32,384
12
28,951
Investing Activities
capital expenditure
-78,113
-50,000
-5,749
-13,716
-17,713
-27,121
Change in Investments
cash flow from investments
-78,113
-50,000
-5,749
-13,716
-17,713
-27,121
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-91,248
-6,743
32,046
-6,841
49,800
31,249
15,864
share issue
100
-1
1
interest
-1,963
-980
-808
-1,114
-1,105
-496
2
5
cash flow from financing
-93,211
-7,723
31,238
-7,955
48,695
30,853
15,865
6
cash and cash equivalents
cash
-1,836
1,836
overdraft
-4,859
14,120
-11,584
1,558
2,236
15,247
change in cash
4,859
-14,120
11,584
-1,558
-2,236
-15,247
-1,836
1,836
57 tyres limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for 57 tyres limited. Get real-time insights into 57 tyres limited's credit score, group structure and payment trends.
Perform a competitor analysis for 57 tyres limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NP19 area or any other competitors across 12 key performance metrics.
57 tyres limited Ownership
57 TYRES LIMITED group structure
57 Tyres Limited has no subsidiary companies.
Ultimate parent company
57 TYRES LIMITED
09487896
57 TYRES LIMITED Shareholders
The largest shareholders in 57 Tyres Limited include David Lyn Davies and Katrina Rachel Davies.
david lyn davies
60%
katrina rachel davies
40%
57 tyres limited directors
57 Tyres Limited currently has 1 director, Mr David Davies serving since Mar 2015.
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
March 2023
previous names
N/A
accountant
WHITFIELD JONES
auditor
-
address
unit 3b langland park west, langland way, newport, NP19 4PT
Bank
-
Legal Advisor
-
57 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 found 2 charges/mortgages relating to 57 tyres limited. Currently there are 0 open charges and 2 have been satisfied in the past.
57 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.
Click to start generating capital raising & share issue transactions for 57 TYRES LIMITED. This can take several minutes, an email will notify you when this has completed.
57 tyres limitedCompanies House Filings - See Documents
