maxam tire solutions limited
maxam tire solutions limited Company Information
Company Number
09725607
Website
www.maxamtyre.comRegistered Address
t52 pinewood business park, coleshill road, west midlands, B37 7HG
Industry
Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Telephone
01217671898
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
maxam tire international limited 100%
maxam tire solutions limited Estimated Valuation
Pomanda estimates the enterprise value of MAXAM TIRE SOLUTIONS LIMITED at £52.4k based on a Turnover of £203.2k and 0.26x industry multiple (adjusted for size and gross margin).
maxam tire solutions limited Estimated Valuation
Pomanda estimates the enterprise value of MAXAM TIRE SOLUTIONS LIMITED at £0 based on an EBITDA of £-44.1k and a 2.16x industry multiple (adjusted for size and gross margin).
maxam tire solutions limited Estimated Valuation
Pomanda estimates the enterprise value of MAXAM TIRE SOLUTIONS LIMITED at £425k based on Net Assets of £255.2k and 1.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Maxam Tire Solutions Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Maxam Tire Solutions Limited Overview
Maxam Tire Solutions Limited is a live company located in west midlands, B37 7HG with a Companies House number of 09725607. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in August 2015, it's largest shareholder is maxam tire international limited with a 100% stake. Maxam Tire Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £203.2k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Maxam Tire Solutions Limited Health Check
Pomanda's financial health check has awarded Maxam Tire Solutions Limited a 2 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 £203.2k, make it smaller than the average company (£84.6m)
£203.2k - Maxam Tire Solutions Limited
£84.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -56%, show it is growing at a slower rate (-2.2%)
-56% - Maxam Tire Solutions Limited
-2.2% - Industry AVG
Production
with a gross margin of 16.6%, this company has a comparable cost of product (16.6%)
16.6% - Maxam Tire Solutions Limited
16.6% - Industry AVG
Profitability
an operating margin of -21.7% make it less profitable than the average company (2.3%)
-21.7% - Maxam Tire Solutions Limited
2.3% - Industry AVG
Employees
with 12 employees, this is below the industry average (296)
12 - Maxam Tire Solutions Limited
296 - Industry AVG
Pay Structure
on an average salary of £546, the company has a lower pay structure (£54.5k)
£546 - Maxam Tire Solutions Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £16.9k, this is less efficient (£333.8k)
£16.9k - Maxam Tire Solutions Limited
£333.8k - Industry AVG
Debtor Days
it gets paid by customers after 120 days, this is later than average (60 days)
120 days - Maxam Tire Solutions Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (38 days)
66 days - Maxam Tire Solutions Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Maxam Tire Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is average cash available to meet short term requirements (2 weeks)
2 weeks - Maxam Tire Solutions Limited
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.7%, this is a higher level of debt than the average (61.8%)
93.7% - Maxam Tire Solutions Limited
61.8% - Industry AVG
maxam tire solutions limited Credit Report and Business Information
Maxam Tire Solutions Limited Competitor Analysis
Perform a competitor analysis for maxam tire solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
maxam tire solutions limited Ownership
MAXAM TIRE SOLUTIONS LIMITED group structure
Maxam Tire Solutions Limited has no subsidiary companies.
Ultimate parent company
MAXAM TIRE SOLUTIONS LIMITED
09725607
maxam tire solutions limited directors
Maxam Tire Solutions Limited currently has 2 directors. The longest serving directors include Zhaoling Yu (Dec 2018) and Chen Huang (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Zhaoling Yu | United Kingdom | 60 years | Dec 2018 | - | Director |
| Chen Huang | China | 45 years | Dec 2018 | - | Director |
MAXAM TIRE SOLUTIONS LIMITED financials
Maxam Tire Solutions Limited's latest turnover from December 2022 is £203.2 thousand and the company has net assets of £255.2 thousand. According to their latest financial statements, Maxam Tire Solutions Limited has 12 employees and maintains cash reserves of £172.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 203,193 | 169,141 | 867,159 | 2,372,772 | 2,600,764 | 2,476,791 | 1,567,087 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 188,097 | 5,239 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 4,474 | 6,947 | 95,825 | 89,009 | -73,545 | 188,097 | 5,239 |
| Tax | -5,780 | 0 | 0 | 0 | -12,156 | -41,553 | -1,311 |
| Profit After Tax | -1,306 | 6,947 | 95,825 | 89,009 | -85,701 | 146,544 | 3,928 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,306 | 6,947 | 95,825 | 89,009 | -85,701 | 146,544 | 3,928 |
| Employee Costs | 6,552 | 10,763 | 103,511 | 673,790 | 690,125 | 331,468 | 369,010 |
| Number Of Employees | 12 | 8 | 8 | ||||
| EBITDA* | 188,097 | 5,239 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 67,200 | 14,058 | 3,561 | 15,590 | 6,354 | 0 | 0 |
| Group Debtors | 3,590,803 | 1,867,816 | 3,435,194 | 2,078,159 | 1,250,553 | 1,059,755 | 201,765 |
| Misc Debtors | 226,404 | 243,056 | 177,750 | 154,794 | 152,446 | 103,882 | 32,006 |
| Cash | 172,621 | 2,274,328 | 46,143 | 82,626 | 115,180 | 89,087 | 193,427 |
| misc current assets | 0 | 0 | 0 | 0 | 30,443 | 38,688 | 28,773 |
| total current assets | 4,057,028 | 4,399,258 | 3,662,648 | 2,331,169 | 1,554,976 | 1,291,412 | 455,971 |
| total assets | 4,057,028 | 4,399,258 | 3,662,648 | 2,331,169 | 1,554,976 | 1,291,412 | 455,971 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 30,988 | 30,988 | 31,376 | 62,710 | 166,238 | 72,240 | 35,903 |
| Group/Directors Accounts | 3,551,844 | 3,935,058 | 3,189,679 | 1,762,733 | 973,284 | 992,830 | 319,363 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 218,949 | 176,659 | 191,987 | 351,945 | 350,682 | 75,869 | 96,776 |
| total current liabilities | 3,801,781 | 4,142,705 | 3,413,042 | 2,177,388 | 1,490,204 | 1,140,939 | 452,042 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,801,781 | 4,142,705 | 3,413,042 | 2,177,388 | 1,490,204 | 1,140,939 | 452,042 |
| net assets | 255,247 | 256,553 | 249,606 | 153,781 | 64,772 | 150,473 | 3,929 |
| total shareholders funds | 255,247 | 256,553 | 249,606 | 153,781 | 64,772 | 150,473 | 3,929 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 188,097 | 5,239 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -5,780 | 0 | 0 | 0 | -12,156 | -41,553 | -1,311 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,759,477 | -1,491,575 | 1,367,962 | 839,190 | 245,716 | 929,866 | 233,771 |
| Creditors | 0 | -388 | -31,334 | -103,528 | 93,998 | 36,337 | 35,903 |
| Accruals and Deferred Income | 42,290 | -15,328 | -159,958 | 1,263 | 274,813 | -20,907 | 96,776 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -767,892 | -97,164 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -383,214 | 745,379 | 1,426,946 | 789,449 | -19,546 | 673,467 | 319,363 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -383,214 | 745,379 | 1,426,946 | 789,449 | -19,546 | 673,467 | 319,364 |
| cash and cash equivalents | |||||||
| cash | -2,101,707 | 2,228,185 | -36,483 | -32,554 | 26,093 | -104,340 | 193,427 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,101,707 | 2,228,185 | -36,483 | -32,554 | 26,093 | -104,340 | 193,427 |
P&L
December 2022turnover
203.2k
+20%
operating profit
-44.1k
0%
gross margin
16.7%
-5.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
255.2k
-0.01%
total assets
4.1m
-0.08%
cash
172.6k
-0.92%
net assets
Total assets minus all liabilities
Similar Companies
maxam tire solutions limited company details
company number
09725607
Type
Private limited with Share Capital
industry
22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
incorporation date
August 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
t52 pinewood business park, coleshill road, west midlands, B37 7HG
last accounts submitted
December 2022
maxam tire solutions 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 maxam tire solutions limited.
maxam tire solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
