top notch tyres wholesale ltd
top notch tyres wholesale ltd Company Information
Company Number
10621019
Next Accounts
Dec 2024
Industry
Other business support service activities n.e.c.
Directors
Shareholders
hamid ali
Group Structure
View All
Contact
Registered Address
allen house 1 westmead road, sutton, surrey, SM1 4LA
Website
www.topnotchtires.co.uktop notch tyres wholesale ltd Estimated Valuation
Pomanda estimates the enterprise value of TOP NOTCH TYRES WHOLESALE LTD at £542.3k based on a Turnover of £1.4m and 0.39x industry multiple (adjusted for size and gross margin).
top notch tyres wholesale ltd Estimated Valuation
Pomanda estimates the enterprise value of TOP NOTCH TYRES WHOLESALE LTD at £160k based on an EBITDA of £55.4k and a 2.89x industry multiple (adjusted for size and gross margin).
top notch tyres wholesale ltd Estimated Valuation
Pomanda estimates the enterprise value of TOP NOTCH TYRES WHOLESALE LTD at £389.9k based on Net Assets of £166k and 2.35x industry multiple (adjusted for liquidity).
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Top Notch Tyres Wholesale Ltd Overview
Top Notch Tyres Wholesale Ltd is a dissolved company that was located in surrey, SM1 4LA with a Companies House number of 10621019. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2017, it's largest shareholder was hamid ali with a 100% stake. The last turnover for Top Notch Tyres Wholesale Ltd was estimated at £1.4m.
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Top Notch Tyres Wholesale Ltd Health Check
Pomanda's financial health check has awarded Top Notch Tyres Wholesale Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.2m)
- Top Notch Tyres Wholesale Ltd
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Top Notch Tyres Wholesale Ltd
- - Industry AVG
Production
with a gross margin of 16.6%, this company has a higher cost of product (37.6%)
- Top Notch Tyres Wholesale Ltd
37.6% - Industry AVG
Profitability
an operating margin of 4% make it less profitable than the average company (6%)
- Top Notch Tyres Wholesale Ltd
6% - Industry AVG
Employees
with 16 employees, this is below the industry average (21)
16 - Top Notch Tyres Wholesale Ltd
21 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£40.5k)
- Top Notch Tyres Wholesale Ltd
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £86.5k, this is less efficient (£135.3k)
- Top Notch Tyres Wholesale Ltd
£135.3k - Industry AVG
Debtor Days
it gets paid by customers after 123 days, this is later than average (44 days)
- Top Notch Tyres Wholesale Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (34 days)
- Top Notch Tyres Wholesale Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Top Notch Tyres Wholesale Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Top Notch Tyres Wholesale Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.9%, this is a similar level of debt than the average (65.6%)
64.9% - Top Notch Tyres Wholesale Ltd
65.6% - Industry AVG
TOP NOTCH TYRES WHOLESALE LTD financials
Top Notch Tyres Wholesale Ltd's latest turnover from February 2019 is estimated at £1.4 million and the company has net assets of £166 thousand. According to their latest financial statements, Top Notch Tyres Wholesale Ltd has 16 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2019 | Feb 2018 | |
|---|---|---|
| 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 | 16 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2019 | Feb 2018 | |
|---|---|---|
| Tangible Assets | 4,971 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 4,971 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 468,026 | 381,088 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 468,026 | 381,088 |
| total assets | 472,997 | 381,088 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 302,534 | 245,004 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 302,534 | 245,004 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 4,487 | 15,001 |
| provisions | 0 | 0 |
| total long term liabilities | 4,487 | 15,001 |
| total liabilities | 307,021 | 260,005 |
| net assets | 165,976 | 121,083 |
| total shareholders funds | 165,976 | 121,083 |
| Feb 2019 | Feb 2018 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | |
| Amortisation | 0 | |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 86,938 | 381,088 |
| Creditors | 57,530 | 245,004 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | -10,514 | 15,001 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
top notch tyres wholesale ltd Credit Report and Business Information
Top Notch Tyres Wholesale Ltd Competitor Analysis
Perform a competitor analysis for top notch tyres wholesale ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in SM1 area or any other competitors across 12 key performance metrics.
top notch tyres wholesale ltd Ownership
TOP NOTCH TYRES WHOLESALE LTD group structure
Top Notch Tyres Wholesale Ltd has no subsidiary companies.
Ultimate parent company
TOP NOTCH TYRES WHOLESALE LTD
10621019
top notch tyres wholesale ltd directors
Top Notch Tyres Wholesale Ltd currently has 1 director, Mr Hamid Ali serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hamid Ali | England | 43 years | Feb 2017 | - | Director |
P&L
February 2019turnover
1.4m
+11%
operating profit
55.4k
0%
gross margin
16.6%
-2.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2019net assets
166k
+0.37%
total assets
473k
+0.24%
cash
0
0%
net assets
Total assets minus all liabilities
top notch tyres wholesale ltd company details
company number
10621019
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2019
previous names
N/A
accountant
-
auditor
-
address
allen house 1 westmead road, sutton, surrey, SM1 4LA
Bank
-
Legal Advisor
-
top notch tyres wholesale ltd 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 top notch tyres wholesale ltd.
top notch tyres wholesale ltd 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 TOP NOTCH TYRES WHOLESALE LTD. This can take several minutes, an email will notify you when this has completed.
top notch tyres wholesale ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
