Turriff Tyres Limited

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turriff tyres limited Company Information

Live

EstablishedSmallHealthy

Company Number

SC320018

Website

turrifftyres.co.uk

Registered Address

5 - 11 school hill, turriff, aberdeenshire, AB53 4DX

Industry

Other business support service activities n.e.c.

Telephone

01888562929

Next Accounts Due

December 2024

Group Structure

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Directors

Julian Kinsella17 Years

Owen Kinsella5 Years

View All

Shareholders

julian craig kinsella 100%

turriff tyres limited Estimated Valuation

£9.3m

Pomanda estimates the enterprise value of TURRIFF TYRES LIMITED at £9.3m based on Net Assets of £4m and 2.31x industry multiple (adjusted for liquidity).

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Turriff Tyres Limited is a live company located in aberdeenshire, AB53 4DX with a Companies House number of SC320018. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2007, it's largest shareholder is julian craig kinsella with a 100% stake. Turriff Tyres Limited is a established, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Turriff Tyres Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

3 Regular

1 Weak

Size

annual sales of £3.9m, make it larger than the average company (£3m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TURRIFF TYRES LIMITED group structure

Turriff Tyres Limited has no subsidiary companies.

Ultimate parent company

TURRIFF TYRES LIMITED

SC320018

TURRIFF TYRES LIMITED Shareholders

julian craig kinsella

100%

Turriff Tyres Limited currently has 3 directors. The longest serving directors include Mr Julian Kinsella (Mar 2007) and Mr Owen Kinsella (Sep 2018).

officer	country	age	start	end	role
Mr Julian Kinsella		52 years	Mar 2007	-	Director
Mr Owen Kinsella	Scotland	24 years	Sep 2018	-	Director
Mr Brogan Kinsella	United Kingdom	27 years	Sep 2018	-	Director

EXPORT

Turriff Tyres Limited's latest turnover from March 2023 is estimated at £3.9 million and the company has net assets of £4 million. According to their latest financial statements, Turriff Tyres Limited has 19 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,898,474	3,522,456	3,498,119	2,612,797	2,037,765	2,358,529	2,131,442	1,576,797	2,075,344	2,601,092	2,095,414	1,672,827	1,947,011	1,875,186
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,382,956	2,173,041	2,191,733	1,617,918	1,267,850	1,458,482	1,293,601	979,186	1,309,259	1,654,981	1,322,464	1,026,702	1,164,230	1,112,539
Gross Profit	1,515,518	1,349,414	1,306,386	994,878	769,915	900,047	837,840	597,611	766,085	946,112	772,950	646,124	782,781	762,647
Admin Expenses	995,673	1,063,990	590,874	552,792	473,912	503,035	514,750	322,970	523,363	591,386	1,266,680	333,170	305,664	-345,029
Operating Profit	519,845	285,424	715,512	442,086	296,003	397,012	323,090	274,641	242,722	354,726	-493,730	312,954	477,117	1,107,676
Interest Payable	3,844	3,122	1,525	0	12	11	0	0	0	0	0	0	0	0
Interest Receivable	39,422	5,253	647	692	6,201	3,281	1,320	2,362	2,613	2,473	3,011	3,693	2,487	843
Pre-Tax Profit	555,423	287,556	714,635	442,778	302,193	400,281	324,410	277,004	245,335	357,199	-490,719	316,647	479,604	1,108,519
Tax	-105,530	-54,636	-135,781	-84,128	-57,417	-76,053	-64,882	-55,401	-51,520	-82,156	0	-82,328	-134,289	-310,385
Profit After Tax	449,893	232,920	578,854	358,650	244,776	324,228	259,528	221,603	193,815	275,043	-490,719	234,319	345,315	798,134
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	449,893	232,920	578,854	358,650	244,776	324,228	259,528	221,603	193,815	275,043	-490,719	234,319	345,315	798,134
Employee Costs	829,758	664,501	840,000	791,084	728,077	652,637	568,699	535,796	605,320	740,613	590,346	485,461	580,778	529,500
Number Of Employees	19	16	21	20	19	18	16	15	17	21	17	14	17	15
EBITDA*	580,803	353,673	775,693	503,619	356,162	449,331	383,679	319,541	273,400	378,154	-467,801	330,602	496,524	1,117,875

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,020,059	868,879	876,739	669,109	635,562	546,237	534,605	486,360	531,363	497,687	514,606	334,299	346,819	287,596
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	70,000	70,000	70,000	70,000	70,000	70,000	85,000	92,771	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	1,090,059	938,879	946,739	739,109	705,562	616,237	619,605	579,131	531,363	497,687	514,606	334,299	346,819	287,596
Stock & work in progress	1,967,896	2,210,917	1,386,305	1,238,634	999,832	993,310	870,763	682,031	624,173	588,671	450,262	496,474	392,851	358,169
Trade Debtors	308,125	347,710	489,404	320,664	177,070	245,260	229,712	139,692	135,542	113,873	157,065	106,474	176,976	193,837
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	238,054	191,386	271,881	221,927	11,322	4,570	5,728	3,633	0	0	0	610	0	4,918
Cash	1,258,275	596,900	803,938	490,830	893,520	760,064	552,262	504,002	440,934	604,292	384,902	819,574	657,613	337,181
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,772,350	3,346,913	2,951,528	2,272,055	2,081,744	2,003,204	1,658,465	1,329,358	1,200,649	1,306,836	992,229	1,423,132	1,227,440	894,105
total assets	4,862,409	4,285,792	3,898,267	3,011,164	2,787,306	2,619,441	2,278,070	1,908,489	1,732,012	1,804,523	1,506,835	1,757,431	1,574,259	1,181,701
Bank overdraft	10,000	10,000	7,500	0	0	343	0	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	593,872	376,071	171,640	19,266	96,799	200,036	186,821	79,880	365,389	634,393	404,087	369,095	417,381	379,527
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	9,605	18,918	18,918	3,241	0	0	0	0	0	0	0	0
other current liabilities	144,462	270,139	316,111	198,098	229,135	256,269	238,343	218,383	0	0	0	0	0	0
total current liabilities	748,334	656,210	504,856	236,282	344,852	459,889	425,164	298,263	365,389	634,393	404,087	369,095	417,381	379,527
loans	22,500	32,500	42,500	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	9,605	28,524	0	3,241	12,636	0	0	0	0	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	0	0	1,211	208,229	0	0	0
provisions	91,062	46,462	33,211	26,431	33,734	24,132	22,773	19,980	10,616	6,727	7,370	10,468	13,329	3,940
total long term liabilities	113,562	78,962	75,711	36,036	62,258	24,132	26,014	32,616	10,616	7,938	215,599	10,468	13,329	3,940
total liabilities	861,896	735,172	580,567	272,318	407,110	484,021	451,178	330,879	376,005	642,331	619,686	379,563	430,710	383,467
net assets	4,000,513	3,550,620	3,317,700	2,738,846	2,380,196	2,135,420	1,826,892	1,577,610	1,356,007	1,162,192	887,149	1,377,868	1,143,549	798,234
total shareholders funds	4,000,513	3,550,620	3,317,700	2,738,846	2,380,196	2,135,420	1,826,892	1,577,610	1,356,007	1,162,192	887,149	1,377,868	1,143,549	798,234

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	519,845	285,424	715,512	442,086	296,003	397,012	323,090	274,641	242,722	354,726	-493,730	312,954	477,117	1,107,676
Depreciation	60,958	68,249	60,181	61,533	60,159	52,319	60,589	44,900	30,678	23,428	25,929	17,648	19,407	10,199
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-105,530	-54,636	-135,781	-84,128	-57,417	-76,053	-64,882	-55,401	-51,520	-82,156	0	-82,328	-134,289	-310,385
Stock	-243,021	824,612	147,671	238,802	6,522	122,547	188,732	57,858	35,502	138,409	-46,212	103,623	34,682	358,169
Debtors	7,083	-222,189	218,694	354,199	-61,438	14,390	92,115	7,783	21,669	-43,192	49,981	-69,892	-21,779	198,755
Creditors	217,801	204,431	152,374	-77,533	-103,237	13,215	106,941	-285,509	-269,004	230,306	34,992	-48,286	37,854	379,527
Accruals and Deferred Income	-125,677	-45,972	118,013	-31,037	-27,134	17,926	19,960	218,383	0	0	0	0	0	0
Deferred Taxes & Provisions	44,600	13,251	6,780	-7,303	9,602	1,359	2,793	9,364	3,889	-643	-3,098	-2,861	9,389	3,940
Cash flow from operations	847,935	-131,676	550,714	-289,383	232,892	268,841	167,644	140,737	-100,406	430,444	-439,676	163,396	396,575	634,033
Investing Activities
capital expenditure	-212,138	-60,389	-267,811	-95,080	-149,484	-63,951	-108,834	103	-64,354	-6,509	-206,236	-5,128	-78,630	-297,795
Change in Investments	0	0	0	0	0	-15,000	-7,771	92,771	0	0	0	0	0	0
cash flow from investments	-212,138	-60,389	-267,811	-95,080	-149,484	-48,951	-101,063	-92,668	-64,354	-6,509	-206,236	-5,128	-78,630	-297,795
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	-10,000	-10,000	42,500	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-9,605	-18,918	-18,919	44,201	0	-9,395	12,636	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-1,211	-207,018	208,229	0	0	0
share issue	0	0	0	0	0	-15,700	-10,246	0	0	0	0	0	0	100
interest	35,578	2,131	-878	692	6,189	3,270	1,320	2,362	2,613	2,473	3,011	3,693	2,487	843
cash flow from financing	25,578	-17,474	22,704	-18,227	50,390	-12,430	-18,321	14,998	1,402	-204,545	211,240	3,693	2,487	943
cash and cash equivalents
cash	661,375	-207,038	313,108	-402,690	133,456	207,802	48,260	63,068	-163,358	219,390	-434,672	161,961	320,432	337,181
overdraft	0	2,500	7,500	0	-343	343	0	0	0	0	0	0	0	0
change in cash	661,375	-209,538	305,608	-402,690	133,799	207,459	48,260	63,068	-163,358	219,390	-434,672	161,961	320,432	337,181

P&L

March 2023

turnover

3.9m

+11%

operating profit

519.8k

gross margin

38.9%

+1.48%

turnover

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

Balance Sheet

March 2023

net assets

+0.13%

total assets

4.9m

+0.13%

cash

1.3m

+1.11%

net assets

Total assets minus all liabilities

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company number

SC320018

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

March 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

5 - 11 school hill, turriff, aberdeenshire, AB53 4DX

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 did not find charges/mortgages relating to turriff tyres limited.

turriff tyres limited Company Information

turriff tyres limited Estimated Valuation

turriff tyres limited Estimated Valuation

turriff tyres limited Estimated Valuation

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