Goodtread Tyre Company(evanton)limited

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goodtread tyre company(evanton)limited Company Information

Live

MatureSmallDeclining

Company Number

SC061135

Website

www.goodtread.com

Registered Address

38-40 high street, alness, ross-shire, IV17 0PS

Industry

Wholesale trade of motor vehicle parts and accessories

Retail trade of motor vehicle parts and accessories

Telephone

01349882206

Next Accounts Due

18 days late

Group Structure

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Directors

Alexander MacKenzie35 Years

Mark Kelman4 Years

Shareholders

alexander david james mackenzie 75%

denna robb 25%

goodtread tyre company(evanton)limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of GOODTREAD TYRE COMPANY(EVANTON)LIMITED at £4.2m based on Net Assets of £1.7m and 2.46x industry multiple (adjusted for liquidity).

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Goodtread Tyre Company(evanton)limited is a live company located in ross-shire, IV17 0PS with a Companies House number of SC061135. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in November 1976, it's largest shareholder is alexander david james mackenzie with a 75% stake. Goodtread Tyre Company(evanton)limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Goodtread Tyre Company(Evanton)Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£8.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.9%)

EXPORT

Goodtread Tyre Company(Evanton)Limited's latest turnover from August 2022 is estimated at £3.5 million and the company has net assets of £1.7 million. According to their latest financial statements, Goodtread Tyre Company(Evanton)Limited has 21 employees and maintains cash reserves of £204.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,476,748	3,142,480	3,506,375	3,601,516	3,775,875	3,816,133	3,433,390	3,844,624	4,102,114	3,063,467	3,215,629	3,083,329	3,708,132	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,426,410	2,259,463	2,498,892	2,486,804	2,612,753	2,637,995	2,344,878	2,667,627	2,902,795	2,223,651	2,380,073	2,262,108	2,569,798	0
Gross Profit	1,050,337	883,016	1,007,484	1,114,712	1,163,121	1,178,138	1,088,512	1,176,997	1,199,319	839,816	835,556	821,221	1,138,334	0
Admin Expenses	1,008,557	890,882	1,030,141	1,096,787	1,135,748	1,179,049	1,044,278	1,126,444	1,131,219	746,368	715,958	673,434	987,616	-1,505,983
Operating Profit	41,780	-7,866	-22,657	17,925	27,373	-911	44,234	50,553	68,100	93,448	119,598	147,787	150,718	1,505,983
Interest Payable	3,307	2,972	1,525	0	161	451	302	0	25	5,980	5,007	3,900	0	0
Interest Receivable	4,228	254	177	823	896	411	421	766	727	0	0	0	615	313
Pre-Tax Profit	42,701	-10,583	-24,005	18,748	28,109	-951	44,353	51,319	68,803	87,468	114,591	143,887	151,333	1,506,296
Tax	-8,113	0	0	-3,562	-5,341	0	-8,870	-10,264	-14,449	-17,493	-22,204	-29,719	-42,373	-421,763
Profit After Tax	34,588	-10,583	-24,005	15,186	22,768	-951	35,482	41,055	54,354	69,975	92,387	114,168	108,960	1,084,533
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	34,588	-10,583	-24,005	15,186	22,768	-951	35,482	41,055	54,354	69,975	92,387	114,168	108,960	1,084,533
Employee Costs	620,872	686,312	735,325	713,316	702,786	664,631	559,722	554,935	601,502	463,183	473,015	451,001	590,907	0
Number Of Employees	21	23	25	25	25	25	21	21	23	18	19	18	24	0
EBITDA*	47,007	-2,642	-17,514	48,739	56,880	25,533	65,749	67,798	91,373	123,850	148,772	171,710	169,481	1,519,084

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	633,899	653,582	638,920	666,009	661,395	656,941	655,182	517,747	476,243	498,437	501,677	512,479	526,848	517,053
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	4,760	4,760	4,760	4,760	1,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	634,899	654,582	639,920	667,009	662,395	657,941	656,182	518,747	477,243	503,197	506,437	517,239	531,608	518,053
Stock & work in progress	1,242,703	1,175,781	1,152,491	1,172,583	1,165,889	1,159,231	1,087,060	1,086,467	1,174,659	1,197,078	1,195,411	1,097,599	952,723	862,614
Trade Debtors	449,597	376,965	440,656	445,714	506,446	518,870	453,380	459,828	434,066	459,092	481,243	509,505	418,538	351,301
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	19,654	4,553	4,015	15,789	19,648	15,673	2,186	0	0	0	1,299	3,067	605	695
Cash	204,409	278,820	229,817	123,851	95,572	143,410	185,176	151,641	154,734	136,086	142,687	88,812	121,046	125,036
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,916,363	1,836,119	1,826,979	1,757,937	1,787,555	1,837,184	1,727,802	1,697,936	1,763,459	1,792,256	1,820,640	1,698,983	1,492,912	1,339,646
total assets	2,551,262	2,490,701	2,466,899	2,424,946	2,449,950	2,495,125	2,383,984	2,216,683	2,240,702	2,295,453	2,327,077	2,216,222	2,024,520	1,857,699
Bank overdraft	0	0	0	0	0	4,766	5,000	0	0	767	1,876	1,876	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	505,188	469,655	463,000	534,811	564,873	626,227	512,903	583,650	689,064	664,032	743,863	692,354	748,632	692,285
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	10,648	10,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	14,497	19,567	17,235	26,391	22,773	17,863	19,586	0	0	16,456	20,720	21,734	0	0
other current liabilities	175,097	151,400	139,675	39,286	48,305	45,490	44,955	0	0	98,395	114,285	134,194	0	0
total current liabilities	705,430	650,622	619,910	600,488	635,951	694,346	582,444	583,650	689,064	779,650	880,744	850,158	748,632	692,285
loans	27,258	37,430	50,000	0	0	0	4,666	0	0	0	629	2,506	0	0
hp & lease commitments	15,911	27,865	16,974	20,527	23,171	22,151	40,014	0	0	22,295	22,006	30,414	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	37,774	7,819	0	0	0	47,059	48,639
provisions	81,096	87,805	82,453	82,364	84,447	95,015	92,546	15,827	5,442	9,485	9,650	11,483	11,336	8,242
total long term liabilities	124,265	153,100	149,427	102,891	107,618	117,166	137,226	53,601	13,261	31,780	32,285	44,403	58,395	56,881
total liabilities	829,695	803,722	769,337	703,379	743,569	811,512	719,670	637,251	702,325	811,430	913,029	894,561	807,027	749,166
net assets	1,721,567	1,686,979	1,697,562	1,721,567	1,706,381	1,683,613	1,664,314	1,579,432	1,538,377	1,484,023	1,414,048	1,321,661	1,217,493	1,108,533
total shareholders funds	1,721,567	1,686,979	1,697,562	1,721,567	1,706,381	1,683,613	1,664,314	1,579,432	1,538,377	1,484,023	1,414,048	1,321,661	1,217,493	1,108,533

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	41,780	-7,866	-22,657	17,925	27,373	-911	44,234	50,553	68,100	93,448	119,598	147,787	150,718	1,505,983
Depreciation	5,227	5,224	5,143	30,814	29,507	26,444	21,515	17,245	23,273	30,402	29,174	23,923	18,763	13,101
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,113	0	0	-3,562	-5,341	0	-8,870	-10,264	-14,449	-17,493	-22,204	-29,719	-42,373	-421,763
Stock	66,922	23,290	-20,092	6,694	6,658	72,171	593	-88,192	-22,419	1,667	97,812	144,876	90,109	862,614
Debtors	87,733	-63,153	-16,832	-64,591	-8,449	78,977	-4,262	25,762	-25,026	-23,450	-30,030	93,429	67,147	351,996
Creditors	35,533	6,655	-71,811	-30,062	-61,354	113,324	-70,747	-105,414	25,032	-79,831	51,509	-56,278	56,347	692,285
Accruals and Deferred Income	23,697	11,725	100,389	-9,019	2,815	535	44,955	0	-98,395	-15,890	-19,909	134,194	0	0
Deferred Taxes & Provisions	-6,709	5,352	89	-2,083	-10,568	2,469	76,719	10,385	-4,043	-165	-1,833	147	3,094	8,242
Cash flow from operations	-63,240	60,953	48,077	61,910	-15,777	-9,287	111,475	24,935	46,963	32,254	88,553	-18,251	29,293	583,238
Investing Activities
capital expenditure	14,456	-19,886	21,946	-35,428	-33,961	-28,203	-158,950	-58,749	-1,079	-27,162	-18,372	-9,554	-28,558	-530,154
Change in Investments	0	0	0	0	0	0	0	0	-3,760	0	0	0	3,760	1,000
cash flow from investments	14,456	-19,886	21,946	-35,428	-33,961	-28,203	-158,950	-58,749	2,681	-27,162	-18,372	-9,554	-32,318	-531,154
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	648	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,172	-12,570	50,000	0	0	-4,666	4,666	0	0	-629	-1,877	2,506	0	0
Hire Purchase and Lease Commitments	-17,024	13,223	-12,709	974	5,930	-19,586	59,600	0	-38,751	-3,975	-9,422	52,148	0	0
other long term liabilities	0	0	0	0	0	0	-37,774	29,955	7,819	0	0	-47,059	-1,580	48,639
share issue	0	0	0	0	0	20,250	49,400	0	0	0	0	-10,000	0	24,000
interest	921	-2,718	-1,348	823	735	-40	119	766	702	-5,980	-5,007	-3,900	615	313
cash flow from financing	-25,627	7,935	35,943	1,797	6,665	-4,042	76,011	30,721	-30,230	-10,584	-16,306	-6,305	-965	72,952
cash and cash equivalents
cash	-74,411	49,003	105,966	28,279	-47,838	-41,766	33,535	-3,093	18,648	-6,601	53,875	-32,234	-3,990	125,036
overdraft	0	0	0	0	-4,766	-234	5,000	0	-767	-1,109	0	1,876	0	0
change in cash	-74,411	49,003	105,966	28,279	-43,072	-41,532	28,535	-3,093	19,415	-5,492	53,875	-34,110	-3,990	125,036

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOODTREAD TYRE COMPANY(EVANTON)LIMITED group structure

Goodtread Tyre Company(Evanton)Limited has no subsidiary companies.

Ultimate parent company

GOODTREAD TYRE COMPANY(EVANTON)LIMITED

SC061135

GOODTREAD TYRE COMPANY(EVANTON)LIMITED Shareholders

alexander david james mackenzie	75%
denna robb	25%

Goodtread Tyre Company(Evanton)Limited currently has 2 directors. The longest serving directors include Mr Alexander MacKenzie (Dec 1988) and Mr Mark Kelman (Jan 2020).

officer	country	age	start	end	role
Mr Alexander MacKenzie		70 years	Dec 1988	-	Director
Mr Mark Kelman	England	33 years	Jan 2020	-	Director

P&L

August 2022

turnover

3.5m

+11%

operating profit

41.8k

gross margin

30.3%

+7.51%

turnover

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

Balance Sheet

August 2022

net assets

1.7m

+0.02%

total assets

2.6m

+0.02%

cash

204.4k

-0.27%

net assets

Total assets minus all liabilities

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company number

SC061135

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

November 1976

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

38-40 high street, alness, ross-shire, IV17 0PS

last accounts submitted

August 2022

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 goodtread tyre company(evanton)limited. Currently there are 4 open charges and 0 have been satisfied in the past.

goodtread tyre company(evanton)limited Company Information

goodtread tyre company(evanton)limited Estimated Valuation

goodtread tyre company(evanton)limited Estimated Valuation

goodtread tyre company(evanton)limited Estimated Valuation

Goodtread Tyre Company(evanton)limited Overview

Goodtread Tyre Company(evanton)limited Health Check

GOODTREAD TYRE COMPANY(EVANTON)LIMITED financials

goodtread tyre company(evanton)limited Credit Report and Business Information

Goodtread Tyre Company(evanton)limited Competitor Analysis

goodtread tyre company(evanton)limited Ownership

goodtread tyre company(evanton)limited directors

goodtread tyre company(evanton)limited company details

goodtread tyre company(evanton)limited Charges & Mortgages

goodtread tyre company(evanton)limited Companies House Filings - See Documents