Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
99 alfreton road, sutton in ashfield, nottinghamshire, NG17 1FJ
Website
-
frank watts tyres holdings limitedEstimated Valuation
£724.8k
Pomanda estimates the enterprise value of FRANK WATTS TYRES HOLDINGS LIMITED at £724.8k based on a Turnover of £895.5k and 0.81x industry multiple (adjusted for size and gross margin).
frank watts tyres holdings limitedEstimated Valuation
£37.1k
Pomanda estimates the enterprise value of FRANK WATTS TYRES HOLDINGS LIMITED at £37.1k based on an EBITDA of £10.9k and a 3.41x industry multiple (adjusted for size and gross margin).
frank watts tyres holdings limitedEstimated Valuation
£23.4k
Pomanda estimates the enterprise value of FRANK WATTS TYRES HOLDINGS LIMITED at £23.4k based on Net Assets of £18.4k and 1.27x industry multiple (adjusted for liquidity).
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Frank Watts Tyres Holdings LimitedOverview
Frank Watts Tyres Holdings Limited is a live company located in nottinghamshire, NG17 1FJ with a Companies House number of 14293081. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2022, it's largest shareholder is
joel dennis jenkinson
with a 50% stake. Frank Watts Tyres Holdings Limited is a startup,
small sized company, Pomanda has estimated its turnover at
£895.5k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Frank Watts Tyres Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
1 Regular
5 Weak
Size
annual sales of £895.5k, make it smaller than the average company (£19.3m)
£895.5k - Frank Watts Tyres Holdings Limited
£19.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Frank Watts Tyres Holdings Limited
- - Industry AVG
Production
with a gross margin of 21.3%, this company has a higher cost of product (35.9%)
21.3% - Frank Watts Tyres Holdings Limited
35.9% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (4.5%)
1.2% - Frank Watts Tyres Holdings Limited
4.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (108)
3 - Frank Watts Tyres Holdings Limited
108 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has an equivalent pay structure (£46.1k)
£46.1k - Frank Watts Tyres Holdings Limited
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £298.5k, this is more efficient (£194k)
£298.5k - Frank Watts Tyres Holdings Limited
£194k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Frank Watts Tyres Holdings Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 145 days, this is slower than average (43 days)
145 days - Frank Watts Tyres Holdings Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Frank Watts Tyres Holdings Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Frank Watts Tyres Holdings Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.4%, this is a higher level of debt than the average (68.4%)
95.4% - Frank Watts Tyres Holdings Limited
68.4% - Industry AVG
FRANK WATTS TYRES HOLDINGS LIMITED financials
EXPORT
Frank Watts Tyres Holdings Limited's latest turnover from October 2024 is estimated at £895.5 thousand and the company has net assets of £18.4 thousand. According to their latest financial statements, we estimate that Frank Watts Tyres Holdings Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2024
Oct 2023
Turnover
895,543
591,597
Other Income Or Grants
Cost Of Sales
704,362
468,958
Gross Profit
191,181
122,639
Admin Expenses
180,326
108,898
Operating Profit
10,855
13,741
Interest Payable
Interest Receivable
Pre-Tax Profit
10,855
13,741
Tax
-2,714
-3,435
Profit After Tax
8,141
10,306
Dividends Paid
Retained Profit
8,141
10,306
Employee Costs
138,383
86,013
Number Of Employees
3
2
EBITDA*
10,855
13,741
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2024
Oct 2023
Tangible Assets
398,465
398,465
Intangible Assets
Investments & Other
100
100
Debtors (Due After 1 year)
Total Fixed Assets
398,565
398,565
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
total assets
398,565
398,565
Bank overdraft
Bank loan
Trade Creditors
280,118
188,259
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
280,118
188,259
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
100,000
200,000
provisions
total long term liabilities
100,000
200,000
total liabilities
380,118
388,259
net assets
18,447
10,306
total shareholders funds
18,447
10,306
Oct 2024
Oct 2023
Operating Activities
Operating Profit
10,855
13,741
Depreciation
Amortisation
Tax
-2,714
-3,435
Stock
Debtors
Creditors
91,859
188,259
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
100,000
198,565
Investing Activities
capital expenditure
-398,465
Change in Investments
100
cash flow from investments
-398,565
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-100,000
200,000
share issue
interest
cash flow from financing
-100,000
200,000
cash and cash equivalents
cash
overdraft
change in cash
frank watts tyres holdings 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 frank watts tyres holdings limited. Get real-time insights into frank watts tyres holdings limited's credit score, group structure and payment trends.
Frank Watts Tyres Holdings Limited Competitor Analysis
Perform a competitor analysis for frank watts tyres holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NG17 area or any other competitors across 12 key performance metrics.
frank watts tyres holdings limited Ownership
FRANK WATTS TYRES HOLDINGS LIMITED group structure
Frank Watts Tyres Holdings Limited has no subsidiary companies.
Ultimate parent company
FRANK WATTS TYRES HOLDINGS LIMITED
14293081
FRANK WATTS TYRES HOLDINGS LIMITED Shareholders
The largest shareholders in Frank Watts Tyres Holdings Limited include Joel Dennis Jenkinson and Phillip Ian Hutchinson.
joel dennis jenkinson
50%
phillip ian hutchinson
50%
frank watts tyres holdings limited directors
Frank Watts Tyres Holdings Limited currently has 2 directors.
The longest serving directors include
Mr Joel Jenkinson (Aug 2022) and
Mr Phillip Hutchinson (Aug 2022).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2024
net assets
18.4k
+0.79%
total assets
398.6k
0%
cash
0
0%
net assets
Total assets minus all liabilities
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frank watts tyres holdings limited company details
company number
14293081
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
August 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
October 2024
previous names
N/A
accountant
WRIGH VIGAR LIMITED
auditor
-
address
99 alfreton road, sutton in ashfield, nottinghamshire, NG17 1FJ
Bank
-
Legal Advisor
-
frank watts tyres holdings 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 1 charges/mortgages relating to frank watts tyres holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
frank watts tyres holdings 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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frank watts tyres holdings limitedCompanies House Filings - See Documents
