E.k.s. Tyres (ni) Limited

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e.k.s. tyres (ni) limited Company Information

Live

MatureSmallDeclining

Company Number

NI013124

Website

Registered Address

dunman, 145 moneymore road, cookstown, co.tyrone, BT80 9UU

Industry

Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

Telephone

02886763396

Next Accounts Due

December 2024

Group Structure

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Directors

John Short5 Years

Audrey Short1 Years

Shareholders

john d. short 50%

audrey short 50%

e.k.s. tyres (ni) limited Estimated Valuation

£206.3k

Pomanda estimates the enterprise value of E.K.S. TYRES (NI) LIMITED at £206.3k based on a Turnover of £866.9k and 0.24x industry multiple (adjusted for size and gross margin).

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E.k.s. Tyres (ni) Limited AI Business Plan

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E.k.s. Tyres (ni) Limited is a live company located in cookstown, BT80 9UU with a Companies House number of NI013124. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in October 1978, it's largest shareholder is john d. short with a 50% stake. E.k.s. Tyres (ni) Limited is a mature, small sized company, Pomanda has estimated its turnover at £866.9k with declining growth in recent years.

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Pomanda's financial health check has awarded E.K.S. Tyres (Ni) Limited a 1.5 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

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £866.9k, make it smaller than the average company (£74.2m)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (-0.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for e.k.s. tyres (ni) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

E.K.S. TYRES (NI) LIMITED group structure

E.K.S. Tyres (Ni) Limited has no subsidiary companies.

Ultimate parent company

E.K.S. TYRES (NI) LIMITED

NI013124

E.K.S. TYRES (NI) LIMITED Shareholders

john d. short	50%
audrey short	50%

E.K.S. Tyres (Ni) Limited currently has 2 directors. The longest serving directors include Mr John Short (Feb 2019) and Mrs Audrey Short (Oct 2022).

officer	country	age	start	end	role
Mr John Short		58 years	Feb 2019	-	Director
Mrs Audrey Short		59 years	Oct 2022	-	Director

EXPORT

E.K.S. Tyres (Ni) Limited's latest turnover from March 2023 is estimated at £866.9 thousand and the company has net assets of -£101.7 thousand. According to their latest financial statements, E.K.S. Tyres (Ni) Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	866,911	1,303,059	1,465,181	2,020,817	2,234,930	1,217,925	1,170,470	1,622,011	1,589,347	1,586,167	2,007,307	1,813,561	1,698,990	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	780,210	1,105,938	1,311,203	1,779,969	2,103,273	1,118,301	1,071,870	1,426,595	1,393,123	1,363,909	1,722,192	1,561,895	1,454,762	0
Gross Profit	86,701	197,121	153,978	240,849	131,657	99,624	98,601	195,416	196,225	222,257	285,115	251,666	244,229	0
Admin Expenses	174,656	303,001	228,197	35,533	391,918	-225,892	93,405	246,610	217,046	197,718	242,416	226,665	220,736	-330,246
Operating Profit	-87,955	-105,880	-74,219	205,316	-260,261	325,516	5,196	-51,194	-20,821	24,539	42,699	25,001	23,493	330,246
Interest Payable	0	0	0	0	1,914	1,843	1,147	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	1	2	1	0	0	0	0	0
Pre-Tax Profit	-87,955	-105,880	-74,219	205,316	-262,175	323,673	4,050	-51,192	-20,820	24,539	42,699	25,001	23,493	330,246
Tax	0	0	0	-39,010	0	-61,498	-810	0	0	-5,644	-10,248	-6,500	-6,578	-92,469
Profit After Tax	-87,955	-105,880	-74,219	166,306	-262,175	262,175	3,240	-51,192	-20,820	18,895	32,451	18,501	16,915	237,777
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-87,955	-105,880	-74,219	166,306	-262,175	262,175	3,240	-51,192	-20,820	18,895	32,451	18,501	16,915	237,777
Employee Costs	332,463	459,722	333,840	376,276	94,358	92,567	135,457	172,081	211,730	196,265	234,623	203,353	234,433	0
Number Of Employees	6	8	7	7	2	2	3	4	5	5	6	6	7	0
EBITDA*	-87,955	-105,880	-74,219	205,316	-260,261	335,697	12,674	-43,248	-14,233	31,941	50,517	33,288	33,504	341,354

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	66,455	72,189	80,529	70,414	75,159	82,940	80,985	88,013	89,881	88,081	91,186	96,770	103,745	110,937
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	66,455	72,189	80,529	70,414	75,159	82,940	80,985	88,013	89,881	88,081	91,186	96,770	103,745	110,937
Stock & work in progress	0	0	0	0	0	526,270	545,495	492,495	485,468	470,468	477,207	469,640	459,521	437,521
Trade Debtors	160,064	283,656	399,480	480,843	577,113	109,273	127,612	138,805	167,265	208,482	196,047	167,551	162,417	144,596
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	10,664	23,280	0	0	0	0	0	0	0
Cash	0	0	0	0	0	100	64	562	383	9	41	2	48	2
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	160,064	283,656	399,480	480,843	577,113	646,307	696,451	631,862	653,116	678,959	673,295	637,193	621,986	582,119
total assets	226,519	355,845	480,009	551,257	652,272	729,247	777,436	719,875	742,997	767,040	764,481	733,963	725,731	693,056
Bank overdraft	0	0	0	0	0	56,712	36,709	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	306,617	338,301	337,580	382,867	416,034	146,628	193,087	437,106	402,841	409,965	424,559	408,811	411,897	408,581
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	233,886	264,563	0	0	0	0	0	0	0
total current liabilities	306,617	338,301	337,580	382,867	416,034	437,226	494,359	437,106	402,841	409,965	424,559	408,811	411,897	408,581
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	5,770	9,846	7,310	9,052	10,794	12,536	14,278	16,020	17,762	19,504
other liabilities	21,650	31,337	50,342	2,084	0	0	0	1,190	5,643	0	0	15,939	21,380	7,194
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	21,650	31,337	50,342	2,084	5,770	9,846	7,310	10,242	16,437	12,536	14,278	31,959	39,142	26,698
total liabilities	328,267	369,638	387,922	384,951	421,804	447,072	501,669	447,348	419,278	422,501	438,837	440,770	451,039	435,279
net assets	-101,748	-13,793	92,087	166,306	230,468	282,175	275,767	272,527	323,719	344,539	325,644	293,193	274,692	257,777
total shareholders funds	-101,748	-13,793	92,087	166,306	230,468	282,175	275,767	272,527	323,719	344,539	325,644	293,193	274,692	257,777

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-87,955	-105,880	-74,219	205,316	-260,261	325,516	5,196	-51,194	-20,821	24,539	42,699	25,001	23,493	330,246
Depreciation	0	0	0	0	0	10,181	7,478	7,946	6,588	7,402	7,818	8,287	10,011	11,108
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-39,010	0	-61,498	-810	0	0	-5,644	-10,248	-6,500	-6,578	-92,469
Stock	0	0	0	0	-526,270	526,270	53,000	7,027	15,000	-6,739	7,567	10,119	22,000	437,521
Debtors	-123,592	-115,824	-81,363	-96,270	457,176	119,937	12,087	-28,460	-41,217	12,435	28,496	5,134	17,821	144,596
Creditors	-31,684	721	-45,287	-33,167	269,406	146,628	-244,019	34,265	-7,124	-14,594	15,748	-3,086	3,316	408,581
Accruals and Deferred Income	0	0	0	-5,770	-237,962	243,732	262,821	-1,742	-1,742	-1,742	-1,742	-1,742	-1,742	19,504
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,953	10,665	-38,143	223,639	-159,723	18,352	-34,421	10,708	3,118	4,265	18,212	6,707	-11,321	94,853
Investing Activities
capital expenditure	5,734	8,340	-10,115	4,745	7,781	-93,121	-450	-6,078	-8,388	-4,297	-2,234	-1,312	-2,819	-122,045
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5,734	8,340	-10,115	4,745	7,781	-93,121	-450	-6,078	-8,388	-4,297	-2,234	-1,312	-2,819	-122,045
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-9,687	-19,005	48,258	2,084	0	0	-1,190	-4,453	5,643	0	-15,939	-5,441	14,186	7,194
share issue	0	0	0	-230,468	210,468	20,000	0	0	0	0	0	0	0	20,000
interest	0	0	0	0	-1,914	-1,843	-1,146	2	1	0	0	0	0	0
cash flow from financing	-9,687	-19,005	48,258	-228,384	208,554	18,157	-2,336	-4,451	5,644	0	-15,939	-5,441	14,186	27,194
cash and cash equivalents
cash	0	0	0	0	-100	100	-498	179	374	-32	39	-46	46	2
overdraft	0	0	0	0	-56,712	56,712	36,709	0	0	0	0	0	0	0
change in cash	0	0	0	0	56,612	-56,612	-37,207	179	374	-32	39	-46	46	2

P&L

March 2023

turnover

866.9k

-33%

operating profit

-88k

gross margin

10.1%

-33.89%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-101.7k

+6.38%

total assets

226.5k

-0.36%

cash

net assets

Total assets minus all liabilities

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company number

NI013124

Type

Private limited with Share Capital

industry

22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

incorporation date

October 1978

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

e. k. s. bandag (n.i.) limited (September 1989)

incorporated

address

dunman, 145 moneymore road, cookstown, co.tyrone, BT80 9UU

last accounts submitted

March 2023

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 6 charges/mortgages relating to e.k.s. tyres (ni) limited. Currently there are 6 open charges and 0 have been satisfied in the past.

e.k.s. tyres (ni) limited Company Information

e.k.s. tyres (ni) limited Estimated Valuation

e.k.s. tyres (ni) limited Estimated Valuation

e.k.s. tyres (ni) limited Estimated Valuation

E.k.s. Tyres (ni) Limited AI Business Plan

E.k.s. Tyres (ni) Limited Overview

E.k.s. Tyres (ni) Limited Health Check

e.k.s. tyres (ni) limited Credit Report and Business Information

E.k.s. Tyres (ni) Limited Competitor Analysis

e.k.s. tyres (ni) limited Ownership

e.k.s. tyres (ni) limited directors

E.K.S. TYRES (NI) LIMITED financials

e.k.s. tyres (ni) limited company details

e.k.s. tyres (ni) limited Charges & Mortgages

e.k.s. tyres (ni) limited Companies House Filings - See Documents