tradechoice distribution limited
tradechoice distribution limited Company Information
Company Number
10449218
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Directors
Shareholders
nestware holdings limited
Group Structure
View All
Contact
Registered Address
unit 3, arrow valley, claybrook drive, redditch, B98 0FY
Website
www.carpetandflooring.co.uktradechoice distribution limited Estimated Valuation
Pomanda estimates the enterprise value of TRADECHOICE DISTRIBUTION LIMITED at £118.4m based on a Turnover of £116.9m and 1.01x industry multiple (adjusted for size and gross margin).
tradechoice distribution limited Estimated Valuation
Pomanda estimates the enterprise value of TRADECHOICE DISTRIBUTION LIMITED at £10.5m based on an EBITDA of £1.5m and a 7.2x industry multiple (adjusted for size and gross margin).
tradechoice distribution limited Estimated Valuation
Pomanda estimates the enterprise value of TRADECHOICE DISTRIBUTION LIMITED at £14.5m based on Net Assets of £6.1m and 2.37x industry multiple (adjusted for liquidity).
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Tradechoice Distribution Limited Overview
Tradechoice Distribution Limited is a live company located in redditch, B98 0FY with a Companies House number of 10449218. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2016, it's largest shareholder is nestware holdings limited with a 100% stake. Tradechoice Distribution Limited is a young, mega sized company, Pomanda has estimated its turnover at £116.9m with high growth in recent years.
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Tradechoice Distribution Limited Health Check
Pomanda's financial health check has awarded Tradechoice Distribution Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £116.9m, make it larger than the average company (£4.8m)
£116.9m - Tradechoice Distribution Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.6%)
18% - Tradechoice Distribution Limited
6.6% - Industry AVG
Production
with a gross margin of 25.7%, this company has a higher cost of product (38.2%)
25.7% - Tradechoice Distribution Limited
38.2% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (5.7%)
-0.1% - Tradechoice Distribution Limited
5.7% - Industry AVG
Employees
with 358 employees, this is above the industry average (27)
358 - Tradechoice Distribution Limited
27 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has a lower pay structure (£54k)
£41.7k - Tradechoice Distribution Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £326.6k, this is more efficient (£171.5k)
£326.6k - Tradechoice Distribution Limited
£171.5k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (41 days)
48 days - Tradechoice Distribution Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (32 days)
42 days - Tradechoice Distribution Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 58 days, this is more than average (33 days)
58 days - Tradechoice Distribution Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (22 weeks)
1 weeks - Tradechoice Distribution Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (62.4%)
88.8% - Tradechoice Distribution Limited
62.4% - Industry AVG
TRADECHOICE DISTRIBUTION LIMITED financials
Tradechoice Distribution Limited's latest turnover from December 2023 is £116.9 million and the company has net assets of £6.1 million. According to their latest financial statements, Tradechoice Distribution Limited has 358 employees and maintains cash reserves of £960 thousand 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 116,926,000 | 101,893,000 | 87,603,000 | 71,636,000 | 90,308,000 | 96,942,000 | 79,694,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 86,875,000 | 74,861,000 | 65,032,000 | 54,649,000 | 67,924,000 | 72,866,000 | 61,650,000 | |
| Gross Profit | 30,051,000 | 27,032,000 | 22,571,000 | 16,987,000 | 22,384,000 | 24,076,000 | 18,044,000 | |
| Admin Expenses | 30,147,000 | 25,794,000 | 21,862,000 | 20,370,000 | 25,163,000 | 25,840,000 | 20,144,000 | |
| Operating Profit | -96,000 | 1,238,000 | 709,000 | -3,383,000 | -2,779,000 | -1,764,000 | -2,100,000 | |
| Interest Payable | 635,000 | 409,000 | 472,000 | 572,000 | 652,000 | 578,000 | 1,028,000 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -731,000 | 829,000 | 237,000 | -3,955,000 | -3,431,000 | -2,342,000 | -3,128,000 | |
| Tax | -1,200,000 | 250,000 | 950,000 | 0 | 0 | 0 | 0 | |
| Profit After Tax | -1,931,000 | 1,079,000 | 1,187,000 | -3,955,000 | -3,431,000 | -2,342,000 | -3,128,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -1,931,000 | 1,079,000 | 1,187,000 | -3,955,000 | -3,431,000 | -2,342,000 | -3,128,000 | |
| Employee Costs | 14,946,000 | 13,101,000 | 10,540,000 | 10,752,000 | 11,802,000 | 11,708,000 | 9,626,000 | |
| Number Of Employees | 358 | 335 | 294 | 336 | 370 | 373 | 380 | |
| EBITDA* | 1,460,000 | 2,478,000 | 1,932,000 | -2,093,000 | -1,781,000 | -1,014,000 | -1,361,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,622,000 | 1,285,000 | 9,390,000 | 2,814,000 | 3,437,000 | 2,391,000 | 3,475,000 | 0 |
| Intangible Assets | 18,564,000 | 13,124,000 | 4,417,000 | 4,107,000 | 4,241,000 | 2,895,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,186,000 | 14,409,000 | 13,807,000 | 6,921,000 | 7,678,000 | 5,286,000 | 3,475,000 | 0 |
| Stock & work in progress | 13,898,000 | 12,169,000 | 10,927,000 | 8,858,000 | 11,445,000 | 10,069,000 | 11,039,000 | 0 |
| Trade Debtors | 15,594,000 | 14,533,000 | 12,402,000 | 9,191,000 | 12,447,000 | 13,845,000 | 13,180,000 | 0 |
| Group Debtors | 79,000 | 147,000 | 0 | 715,000 | 693,000 | 577,000 | 0 | 0 |
| Misc Debtors | 1,739,000 | 2,386,000 | 1,749,000 | 1,166,000 | 1,181,000 | 1,034,000 | 870,000 | 0 |
| Cash | 960,000 | 1,034,000 | 4,689,000 | 658,000 | 1,359,000 | 1,358,000 | 5,987,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,270,000 | 30,269,000 | 29,767,000 | 20,588,000 | 27,125,000 | 26,883,000 | 31,076,000 | 0 |
| total assets | 54,456,000 | 44,678,000 | 43,574,000 | 27,509,000 | 34,803,000 | 32,169,000 | 34,551,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,099,000 | 8,678,000 | 9,428,000 | 8,495,000 | 5,567,000 | 7,017,000 | 9,275,000 | 0 |
| Group/Directors Accounts | 19,069,000 | 15,368,000 | 14,276,000 | 38,000 | 17,000 | 0 | 89,000 | 0 |
| other short term finances | 0 | 0 | 0 | 2,500,000 | 2,500,000 | 2,500,000 | 0 | 0 |
| hp & lease commitments | 2,692,000 | 2,133,000 | 2,107,000 | 290,000 | 272,000 | 12,000 | 0 | 0 |
| other current liabilities | 5,293,000 | 5,034,000 | 4,174,000 | 4,532,000 | 3,676,000 | 5,136,000 | 5,226,000 | 0 |
| total current liabilities | 37,153,000 | 31,213,000 | 29,985,000 | 15,855,000 | 12,032,000 | 14,665,000 | 14,590,000 | 0 |
| loans | 0 | 0 | 0 | 4,600,000 | 11,426,000 | 0 | 4,338,000 | 0 |
| hp & lease commitments | 9,445,000 | 3,992,000 | 4,935,000 | 1,025,000 | 1,206,000 | 60,000 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 3,769,000 | 0 | 0 |
| provisions | 1,729,000 | 1,413,000 | 1,673,000 | 986,000 | 1,142,000 | 1,247,000 | 853,000 | 0 |
| total long term liabilities | 11,174,000 | 5,405,000 | 6,608,000 | 6,611,000 | 13,774,000 | 5,076,000 | 5,191,000 | 0 |
| total liabilities | 48,327,000 | 36,618,000 | 36,593,000 | 22,466,000 | 25,806,000 | 19,741,000 | 19,781,000 | 0 |
| net assets | 6,129,000 | 8,060,000 | 6,981,000 | 5,043,000 | 8,997,000 | 12,428,000 | 14,770,000 | 0 |
| total shareholders funds | 6,129,000 | 8,060,000 | 6,981,000 | 5,043,000 | 8,997,000 | 12,428,000 | 14,770,000 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -96,000 | 1,238,000 | 709,000 | -3,383,000 | -2,779,000 | -1,764,000 | -2,100,000 | |
| Depreciation | 466,000 | 684,000 | 779,000 | 865,000 | 809,000 | 750,000 | 739,000 | |
| Amortisation | 1,090,000 | 556,000 | 444,000 | 425,000 | 189,000 | 0 | 0 | |
| Tax | -1,200,000 | 250,000 | 950,000 | 0 | 0 | 0 | 0 | |
| Stock | 1,729,000 | 1,242,000 | 2,069,000 | -2,587,000 | 1,376,000 | -970,000 | 11,039,000 | 0 |
| Debtors | 346,000 | 2,915,000 | 3,079,000 | -3,249,000 | -1,135,000 | 1,406,000 | 14,050,000 | 0 |
| Creditors | 1,421,000 | -750,000 | 933,000 | 2,928,000 | -1,450,000 | -2,258,000 | 9,275,000 | 0 |
| Accruals and Deferred Income | 259,000 | 860,000 | -358,000 | 856,000 | -1,460,000 | -90,000 | 5,226,000 | 0 |
| Deferred Taxes & Provisions | 316,000 | -260,000 | 687,000 | -156,000 | -105,000 | 394,000 | 853,000 | 0 |
| Cash flow from operations | 181,000 | -1,579,000 | -1,004,000 | 7,371,000 | -5,037,000 | -3,404,000 | -11,096,000 | |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,701,000 | 1,092,000 | 14,238,000 | 21,000 | 17,000 | -89,000 | 89,000 | 0 |
| Other Short Term Loans | 0 | 0 | -2,500,000 | 0 | 0 | 2,500,000 | 0 | 0 |
| Long term loans | 0 | 0 | -4,600,000 | -6,826,000 | 11,426,000 | -4,338,000 | 4,338,000 | 0 |
| Hire Purchase and Lease Commitments | 6,012,000 | -917,000 | 5,727,000 | -163,000 | 1,406,000 | 72,000 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -3,769,000 | 3,769,000 | 0 | 0 |
| share issue | ||||||||
| interest | -635,000 | -409,000 | -472,000 | -572,000 | -652,000 | -578,000 | -1,028,000 | |
| cash flow from financing | 9,078,000 | -234,000 | 13,144,000 | -7,539,000 | 8,428,000 | 1,336,000 | 21,297,000 | |
| cash and cash equivalents | ||||||||
| cash | -74,000 | -3,655,000 | 4,031,000 | -701,000 | 1,000 | -4,629,000 | 5,987,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -74,000 | -3,655,000 | 4,031,000 | -701,000 | 1,000 | -4,629,000 | 5,987,000 | 0 |
tradechoice distribution limited Credit Report and Business Information
Tradechoice Distribution Limited Competitor Analysis
Perform a competitor analysis for tradechoice distribution limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in B98 area or any other competitors across 12 key performance metrics.
tradechoice distribution limited Ownership
TRADECHOICE DISTRIBUTION LIMITED group structure
Tradechoice Distribution Limited has no subsidiary companies.
Ultimate parent company
MEDITOR EUROPEAN MASTER FUND LTD
#0122865
2 parents
TRADECHOICE DISTRIBUTION LIMITED
10449218
tradechoice distribution limited directors
Tradechoice Distribution Limited currently has 1 director, Mr Kevin Barrett serving since Apr 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Barrett | England | 54 years | Apr 2022 | - | Director |
P&L
December 2023turnover
116.9m
+15%
operating profit
-96k
-108%
gross margin
25.8%
-3.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.1m
-0.24%
total assets
54.5m
+0.22%
cash
960k
-0.07%
net assets
Total assets minus all liabilities
tradechoice distribution limited company details
company number
10449218
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
carpet & flooring (trading) limited (September 2022)
carpet and flooring (trading) limited (February 2017)
See moreaccountant
-
auditor
GRANT THORNTON UK LLP
address
unit 3, arrow valley, claybrook drive, redditch, B98 0FY
Bank
-
Legal Advisor
-
tradechoice distribution 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 4 charges/mortgages relating to tradechoice distribution limited. Currently there are 2 open charges and 2 have been satisfied in the past.
tradechoice distribution 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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tradechoice distribution limited Companies House Filings - See Documents
| date | description | view/download |
|---|
