Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
unit 23 monohaus, 143 mare street, london, E8 3FW
Website
-
never tyre ltdEstimated Valuation
£147.4k
Pomanda estimates the enterprise value of NEVER TYRE LTD at £147.4k based on a Turnover of £186.3k and 0.79x industry multiple (adjusted for size and gross margin).
never tyre ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NEVER TYRE LTD at £0 based on an EBITDA of £-6.6k and a 3.34x industry multiple (adjusted for size and gross margin).
never tyre ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NEVER TYRE LTD at £0 based on Net Assets of £-6.6k and 1.27x industry multiple (adjusted for liquidity).
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Never Tyre LtdOverview
Never Tyre Ltd is a live company located in london, E8 3FW with a Companies House number of 15316443. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2023, it's largest shareholder is
pellerin group ltd
with a 100% stake. Never Tyre Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£186.3k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Never Tyre 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
Health Rating1.5out of 5
1 Strong
2 Regular
6 Weak
Size
annual sales of £186.3k, make it smaller than the average company (£19.1m)
£186.3k - Never Tyre Ltd
£19.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Never Tyre Ltd
- - Industry AVG
Production
with a gross margin of 21.1%, this company has a higher cost of product (35.2%)
21.1% - Never Tyre Ltd
35.2% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (4.4%)
-3.5% - Never Tyre Ltd
4.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (103)
1 - Never Tyre Ltd
103 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
£44.5k - Never Tyre Ltd
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £186.3k, this is equally as efficient (£190.4k)
£186.3k - Never Tyre Ltd
£190.4k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (44 days)
68 days - Never Tyre Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 148 days, this is slower than average (44 days)
148 days - Never Tyre Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Never Tyre Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Never Tyre Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.3%, this is a higher level of debt than the average (69.1%)
112.3% - Never Tyre Ltd
69.1% - Industry AVG
NEVER TYRE LTD financials
EXPORT
Never Tyre Ltd's latest turnover from February 2024 is estimated at £186.3 thousand and the company has net assets of -£6.6 thousand. According to their latest financial statements, we estimate that Never Tyre Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Turnover
186,332
Other Income Or Grants
Cost Of Sales
147,092
Gross Profit
39,240
Admin Expenses
45,802
Operating Profit
-6,562
Interest Payable
Interest Receivable
Pre-Tax Profit
-6,562
Tax
Profit After Tax
-6,562
Dividends Paid
Retained Profit
-6,562
Employee Costs
44,484
Number Of Employees
1
EBITDA*
-6,562
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Tangible Assets
18,367
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
18,367
Stock & work in progress
Trade Debtors
35,000
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
35,000
total assets
53,367
Bank overdraft
Bank loan
Trade Creditors
59,919
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
59,919
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
59,919
net assets
-6,552
total shareholders funds
-6,552
Feb 2024
Operating Activities
Operating Profit
-6,562
Depreciation
Amortisation
Tax
Stock
Debtors
35,000
Creditors
59,919
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
18,357
Investing Activities
capital expenditure
-18,367
Change in Investments
cash flow from investments
-18,367
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
10
interest
cash flow from financing
10
cash and cash equivalents
cash
overdraft
change in cash
never tyre ltd 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 never tyre ltd. Get real-time insights into never tyre ltd's credit score, group structure and payment trends.
Perform a competitor analysis for never tyre ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in E 8 area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024
net assets
-6.6k
0%
total assets
53.4k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
never tyre ltd company details
company number
15316443
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.
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 never tyre ltd.
never tyre 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 NEVER TYRE LTD. This can take several minutes, an email will notify you when this has completed.
never tyre ltdCompanies House Filings - See Documents
