c.t.t.s. (management) limited
c.t.t.s. (management) limited Company Information
Company Number
SC273935
Website
www.cttstraining.co.ukRegistered Address
33a inchmuir road, whitehill industrial estate, bathgate, west lothian, EH48 2EP
Industry
Driving school activities
Telephone
01506633100
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
james watson gillan 50%
james mcewen 50%
c.t.t.s. (management) limited Estimated Valuation
Pomanda estimates the enterprise value of C.T.T.S. (MANAGEMENT) LIMITED at £301.7k based on a Turnover of £479.8k and 0.63x industry multiple (adjusted for size and gross margin).
c.t.t.s. (management) limited Estimated Valuation
Pomanda estimates the enterprise value of C.T.T.S. (MANAGEMENT) LIMITED at £538.2k based on an EBITDA of £151.2k and a 3.56x industry multiple (adjusted for size and gross margin).
c.t.t.s. (management) limited Estimated Valuation
Pomanda estimates the enterprise value of C.T.T.S. (MANAGEMENT) LIMITED at £844.9k based on Net Assets of £496.7k and 1.7x industry multiple (adjusted for liquidity).
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C.t.t.s. (management) Limited Overview
C.t.t.s. (management) Limited is a live company located in bathgate, EH48 2EP with a Companies House number of SC273935. It operates in the driving school activities sector, SIC Code 85530. Founded in September 2004, it's largest shareholder is james watson gillan with a 50% stake. C.t.t.s. (management) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £479.8k with declining growth in recent years.
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C.t.t.s. (management) Limited Health Check
Pomanda's financial health check has awarded C.T.T.S. (Management) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £479.8k, make it smaller than the average company (£992.3k)
- C.t.t.s. (management) Limited
£992.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -43%, show it is growing at a slower rate (-0.3%)
- C.t.t.s. (management) Limited
-0.3% - Industry AVG
Production
with a gross margin of 44.3%, this company has a comparable cost of product (44.3%)
- C.t.t.s. (management) Limited
44.3% - Industry AVG
Profitability
an operating margin of 25.3% make it more profitable than the average company (1.2%)
- C.t.t.s. (management) Limited
1.2% - Industry AVG
Employees
with 10 employees, this is similar to the industry average (12)
10 - C.t.t.s. (management) Limited
12 - Industry AVG
Pay Structure
on an average salary of £28.8k, the company has an equivalent pay structure (£28.8k)
- C.t.t.s. (management) Limited
£28.8k - Industry AVG
Efficiency
resulting in sales per employee of £48k, this is less efficient (£90.8k)
- C.t.t.s. (management) Limited
£90.8k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (53 days)
- C.t.t.s. (management) Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (40 days)
- C.t.t.s. (management) Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- C.t.t.s. (management) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 114 weeks, this is more cash available to meet short term requirements (11 weeks)
114 weeks - C.t.t.s. (management) Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.2%, this is a lower level of debt than the average (64.4%)
26.2% - C.t.t.s. (management) Limited
64.4% - Industry AVG
C.T.T.S. (MANAGEMENT) LIMITED financials
C.T.T.S. (Management) Limited's latest turnover from September 2022 is estimated at £479.8 thousand and the company has net assets of £496.7 thousand. According to their latest financial statements, C.T.T.S. (Management) Limited has 10 employees and maintains cash reserves of £237.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 418,698 | 341,857 | 347,083 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 21,869 | 6,767 | 13,975 | |||||||||||
| Gross Profit | 396,829 | 335,090 | 333,108 | |||||||||||
| Admin Expenses | 317,948 | 315,373 | -400,954 | |||||||||||
| Operating Profit | 78,881 | 19,717 | 734,062 | |||||||||||
| Interest Payable | 1,080 | 535 | 895 | |||||||||||
| Interest Receivable | 44 | 30 | 155 | |||||||||||
| Pre-Tax Profit | 84,434 | 19,212 | 33,322 | |||||||||||
| Tax | -16,408 | -4,125 | -6,990 | |||||||||||
| Profit After Tax | 68,026 | 15,087 | 26,332 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||||
| Retained Profit | 68,026 | 15,087 | 26,332 | |||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 10 | 10 | 10 | 10 | 10 | 10 | ||||||||
| EBITDA* | 95,444 | 33,016 | 743,346 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 244,322 | 239,186 | 264,464 | 288,818 | 311,553 | 353,662 | 302,253 | 147,604 | 86,345 | 45,744 | 47,375 | 51,869 | 36,395 | 30,202 |
| 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 | 244,322 | 239,186 | 264,464 | 288,818 | 311,553 | 353,662 | 302,253 | 147,604 | 86,345 | 45,744 | 47,375 | 51,869 | 36,395 | 30,202 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 69,926 | 56,486 | 324,904 | 316,559 | 299,886 | 27,949 | 198,318 | 192,865 | 192,608 | 34,234 | 34,684 | 55,544 | 30,290 | 36,676 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 126,000 | 116,000 | 0 | 0 | 0 |
| Misc Debtors | 121,413 | 121,413 | 0 | 0 | 0 | 128,079 | 153,218 | 0 | 0 | 0 | 0 | 0 | 1,210 | 403 |
| Cash | 237,140 | 205,172 | 0 | 0 | 0 | 105,694 | 0 | 143,173 | 132,242 | 120,453 | 233,339 | 150,475 | 87,993 | 69,364 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 428,479 | 383,071 | 324,904 | 316,559 | 299,886 | 261,722 | 351,536 | 336,038 | 324,850 | 280,687 | 384,023 | 206,019 | 119,493 | 106,443 |
| total assets | 672,801 | 622,257 | 589,368 | 605,377 | 611,439 | 615,384 | 653,789 | 483,642 | 411,195 | 326,431 | 431,398 | 257,888 | 155,888 | 136,645 |
| Bank overdraft | 9,829 | 20,408 | 0 | 0 | 0 | 10,912 | 48,750 | 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 | 10,203 | 8,145 | 92,392 | 116,103 | 135,953 | 17,770 | 4,041 | 80,753 | 83,871 | 89,013 | 221,393 | 8,192 | 6,222 | 3,600 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,540 | 17,734 | 17,734 |
| 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 | 9,314 | 4,461 | 3,383 |
| other current liabilities | 88,024 | 86,099 | 0 | 0 | 0 | 76,533 | 160,602 | 0 | 0 | 0 | 0 | 41,622 | 23,234 | 30,238 |
| total current liabilities | 108,056 | 114,652 | 92,392 | 116,103 | 135,953 | 105,215 | 213,393 | 80,753 | 83,871 | 89,013 | 221,393 | 75,668 | 51,651 | 54,955 |
| loans | 27,442 | 68,460 | 0 | 0 | 0 | 102,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,301 | 6,667 | 1,128 |
| Accruals and Deferred Income | 0 | 0 | 3,469 | 1,824 | 1,237 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 87,584 | 56,430 | 76,223 | 24,517 | 44,446 | 65,702 | 31,904 | 0 | 3,987 | 0 | 0 | 0 |
| provisions | 40,594 | 40,594 | 40,594 | 40,594 | 40,594 | 40,594 | 40,594 | 29,521 | 17,269 | 7,919 | 7,973 | 8,482 | 5,159 | 3,238 |
| total long term liabilities | 68,036 | 109,054 | 131,647 | 98,848 | 118,054 | 167,931 | 85,040 | 95,223 | 49,173 | 7,919 | 11,960 | 21,783 | 11,826 | 4,366 |
| total liabilities | 176,092 | 223,706 | 224,039 | 214,951 | 254,007 | 273,146 | 298,433 | 175,976 | 133,044 | 96,932 | 233,353 | 97,451 | 63,477 | 59,321 |
| net assets | 496,709 | 398,551 | 365,329 | 390,426 | 357,432 | 342,238 | 355,356 | 307,666 | 278,151 | 229,499 | 198,045 | 160,437 | 92,411 | 77,324 |
| total shareholders funds | 496,709 | 398,551 | 365,329 | 390,426 | 357,432 | 342,238 | 355,356 | 307,666 | 278,151 | 229,499 | 198,045 | 160,437 | 92,411 | 77,324 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 78,881 | 19,717 | 734,062 | |||||||||||
| Depreciation | 29,773 | 0 | 63,132 | 61,935 | 48,511 | 24,540 | 14,689 | 15,179 | 16,563 | 13,299 | 9,284 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | -16,408 | -4,125 | -6,990 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 13,440 | -147,005 | 8,345 | 16,673 | 143,858 | -195,508 | 158,671 | 257 | 32,374 | 9,550 | 95,140 | 24,044 | -5,579 | 37,079 |
| Creditors | 2,058 | -84,247 | -23,711 | -19,850 | 118,183 | 13,729 | -76,712 | -3,118 | -5,142 | -132,380 | 213,201 | 1,970 | 2,622 | 3,600 |
| Accruals and Deferred Income | 1,925 | 82,630 | 1,645 | 587 | -75,296 | -84,069 | 160,602 | 0 | 0 | 0 | -41,622 | 18,388 | -7,004 | 30,238 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 11,073 | 12,252 | 9,350 | -54 | -509 | 3,323 | 1,921 | 3,238 |
| Cash flow from operations | 78,673 | 32,009 | 736,353 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | -16,540 | -1,194 | 0 | 17,734 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -41,018 | 68,460 | 0 | 0 | -102,820 | 102,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22,615 | 11,487 | 6,617 | 4,511 |
| other long term liabilities | 0 | -87,584 | 31,154 | -19,793 | 51,706 | -19,929 | -21,256 | 33,798 | 31,904 | -3,987 | 3,987 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,036 | -505 | -740 | |||||||||||
| cash flow from financing | 9,257 | 6,112 | 72,497 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 31,968 | 205,172 | 0 | 0 | -105,694 | 105,694 | -143,173 | 10,931 | 11,789 | -112,886 | 82,864 | 62,482 | 18,629 | 69,364 |
| overdraft | -10,579 | 20,408 | 0 | 0 | -10,912 | -37,838 | 48,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 42,547 | 184,764 | 0 | 0 | -94,782 | 143,532 | -191,923 | 10,931 | 11,789 | -112,886 | 82,864 | 62,482 | 18,629 | 69,364 |
c.t.t.s. (management) limited Credit Report and Business Information
C.t.t.s. (management) Limited Competitor Analysis
Perform a competitor analysis for c.t.t.s. (management) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
c.t.t.s. (management) limited Ownership
C.T.T.S. (MANAGEMENT) LIMITED group structure
C.T.T.S. (Management) Limited has no subsidiary companies.
Ultimate parent company
C.T.T.S. (MANAGEMENT) LIMITED
SC273935
c.t.t.s. (management) limited directors
C.T.T.S. (Management) Limited currently has 2 directors. The longest serving directors include Mr James McEwen (Sep 2004) and Mr James Gillan (Sep 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James McEwen | United Kingdom | 61 years | Sep 2004 | - | Director |
| Mr James Gillan | United Kingdom | 62 years | Sep 2004 | - | Director |
P&L
September 2022turnover
479.8k
-8%
operating profit
121.4k
0%
gross margin
44.4%
+1.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
496.7k
+0.25%
total assets
672.8k
+0.08%
cash
237.1k
+0.16%
net assets
Total assets minus all liabilities
c.t.t.s. (management) limited company details
company number
SC273935
Type
Private limited with Share Capital
industry
85530 - Driving school activities
incorporation date
September 2004
age
20
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
33a inchmuir road, whitehill industrial estate, bathgate, west lothian, EH48 2EP
last accounts submitted
September 2022
c.t.t.s. (management) 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 did not find charges/mortgages relating to c.t.t.s. (management) limited.
c.t.t.s. (management) limited Companies House Filings - See Documents
| date | description | view/download |
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