Pomanda estimates the enterprise value of EASITYRE LTD. at £6.5m based on a Turnover of £18m and 0.36x industry multiple (adjusted for size and gross margin).
easityre ltd.Estimated Valuation
£6.2m
Pomanda estimates the enterprise value of EASITYRE LTD. at £6.2m based on an EBITDA of £1.3m and a 4.78x industry multiple (adjusted for size and gross margin).
easityre ltd.Estimated Valuation
£8.8m
Pomanda estimates the enterprise value of EASITYRE LTD. at £8.8m based on Net Assets of £4m and 2.22x industry multiple (adjusted for liquidity).
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Easityre Ltd.Overview
Easityre Ltd. is a live company located in glenrothes, KY7 4NP with a Companies House number of SC351014. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in November 2008, it's largest shareholder is
r & r c bond wholesale (scotland) ltd
with a 100% stake. Easityre Ltd. is a established,
mid sized company, Pomanda has estimated its turnover at
£18m with
high
growth in recent years.
Pomanda's financial health check has awarded Easityre Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
4 Strong
6 Regular
2 Weak
Size
annual sales of £18m, make it in line with the average company (£16.9m)
£18m - Easityre Ltd.
£16.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (11.6%)
20% - Easityre Ltd.
11.6% - Industry AVG
Production
with a gross margin of 22.6%, this company has a higher cost of product (28.4%)
22.6% - Easityre Ltd.
28.4% - Industry AVG
Profitability
an operating margin of 6.4% make it as profitable than the average company (5.9%)
6.4% - Easityre Ltd.
5.9% - Industry AVG
Employees
with 60 employees, this is similar to the industry average (53)
60 - Easityre Ltd.
53 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has a lower pay structure (£38.6k)
£27.5k - Easityre Ltd.
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £300.1k, this is equally as efficient (£306.4k)
£300.1k - Easityre Ltd.
£306.4k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (50 days)
46 days - Easityre Ltd.
50 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (45 days)
96 days - Easityre Ltd.
45 days - Industry AVG
Stock Days
it holds stock equivalent to 84 days, this is in line with average (101 days)
84 days - Easityre Ltd.
101 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 27 weeks, this is more cash available to meet short term requirements (9 weeks)
27 weeks - Easityre Ltd.
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.2%, this is a higher level of debt than the average (50.5%)
59.2% - Easityre Ltd.
50.5% - Industry AVG
EASITYRE LTD. financials
EXPORT
Easityre Ltd.'s latest turnover from June 2024 is £18 million and the company has net assets of £4 million. According to their latest financial statements, Easityre Ltd. has 60 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
18,006,791
15,480,868
12,940,960
10,449,068
6,582,596
5,298,988
4,219,938
4,506,512
4,737,803
3,971,315
3,926,933
3,331,149
3,070,773
2,934,065
2,595,270
Other Income Or Grants
Cost Of Sales
13,937,762
12,148,255
9,997,239
8,151,247
4,790,205
3,912,828
3,060,270
3,264,876
3,338,528
2,835,480
2,850,407
2,405,114
2,220,887
2,349,637
2,045,298
Gross Profit
4,069,029
3,332,613
2,943,721
2,297,821
1,792,391
1,386,160
1,159,668
1,241,637
1,399,275
1,135,835
1,076,526
926,035
849,887
584,428
549,972
Admin Expenses
2,925,845
2,388,914
1,909,770
1,464,814
1,240,341
1,085,794
927,200
1,028,155
1,231,851
793,800
1,225,058
690,303
1,023,834
451,417
405,794
Operating Profit
1,143,184
943,699
1,033,951
833,007
552,050
300,366
232,468
213,482
167,424
342,035
-148,532
235,732
-173,947
133,011
144,178
Interest Payable
38,637
43,220
27,948
33,507
38,267
36,880
38,832
19,580
1,447
2,755
3,400
Interest Receivable
27,774
12,551
342
151
1,219
5,796
2,715
1,491
3,866
4,326
3,495
2,557
2,537
365
241
Pre-Tax Profit
1,132,321
913,030
1,006,345
799,651
515,001
269,283
196,351
195,393
171,290
346,361
-145,037
238,290
-172,857
130,621
141,019
Tax
-285,953
-203,777
-215,676
-154,081
-97,850
-51,164
-37,307
-37,125
-34,258
-69,272
-54,807
-28,557
-31,993
Profit After Tax
846,368
709,253
790,669
645,570
417,151
218,119
159,044
158,268
137,032
277,089
-145,037
183,483
-172,857
102,064
109,026
Dividends Paid
210,993
214,881
208,431
183,153
10,000
Retained Profit
635,375
494,372
582,238
462,417
417,151
218,119
159,044
158,268
137,032
277,089
-145,037
183,483
-172,857
92,064
109,026
Employee Costs
1,650,209
1,386,366
1,171,933
898,661
1,036,267
778,130
607,673
609,048
659,282
468,374
468,074
413,665
372,368
286,154
258,036
Number Of Employees
60
52
43
46
32
25
20
20
23
17
17
15
14
14
12
EBITDA*
1,287,715
1,080,209
1,120,622
917,046
628,371
300,366
232,468
213,482
195,308
376,946
-127,049
253,542
-160,883
150,430
155,112
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
1,270,309
1,272,427
1,067,977
1,015,514
985,177
1,051,472
1,013,742
983,568
229,031
256,915
214,397
203,380
39,190
52,254
32,803
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,270,309
1,272,427
1,067,977
1,015,514
985,177
1,051,472
1,013,742
983,568
229,031
256,915
214,397
203,380
39,190
52,254
32,803
Stock & work in progress
3,223,950
3,202,828
3,166,065
1,345,102
524,720
298,822
227,268
453,523
335,366
346,960
257,307
262,126
318,842
285,106
218,595
Trade Debtors
2,282,628
1,835,553
1,557,682
1,363,783
1,178,772
1,022,132
972,076
828,376
956,096
760,873
746,870
638,109
610,212
516,932
462,112
Group Debtors
Misc Debtors
176,293
55,238
37,515
90,576
319,467
27,782
180,380
205,380
16,078
8,232
Cash
2,753,613
1,514,408
1,013,610
1,338,609
1,380,849
1,056,156
489,540
596,419
596,457
949,795
780,580
617,248
405,701
609,276
491,471
misc current assets
total current assets
8,436,484
6,608,027
5,774,872
4,138,070
3,403,808
2,404,892
1,869,264
2,083,698
1,887,919
2,057,628
1,784,757
1,517,483
1,334,755
1,427,392
1,180,410
total assets
9,706,793
7,880,454
6,842,849
5,153,584
4,388,985
3,456,364
2,883,006
3,067,266
2,116,950
2,314,543
1,999,154
1,720,863
1,373,945
1,479,646
1,213,213
Bank overdraft
16,245
18,420
18,420
Bank loan
132,000
132,000
126,411
91,248
58,775
Trade Creditors
3,703,259
2,709,124
2,119,353
1,444,489
1,400,963
1,149,483
802,766
1,202,997
1,097,971
898,920
962,057
780,419
678,421
778,318
626,476
Group/Directors Accounts
other short term finances
hp & lease commitments
147,302
130,384
75,439
58,459
67,526
22,089
30,445
other current liabilities
1,233,925
902,604
1,043,229
591,828
284,595
283,966
99,263
71,237
68,447
57,945
total current liabilities
5,216,486
3,874,112
3,364,432
2,186,024
1,811,859
1,449,694
902,029
1,296,323
1,097,971
898,920
962,057
780,419
678,421
895,630
702,841
loans
187,215
301,573
433,104
579,762
671,421
508,215
568,279
626,565
26,105
44,525
hp & lease commitments
202,853
240,668
137,101
92,621
82,998
124,903
81,300
Accruals and Deferred Income
other liabilities
176,465
148,489
181,358
715,034
613,597
371,907
310,470
provisions
135,634
134,371
72,854
42,057
32,004
total long term liabilities
525,702
676,612
643,059
714,440
786,423
633,118
826,044
775,054
181,358
715,034
613,597
371,907
310,470
26,105
44,525
total liabilities
5,742,188
4,550,724
4,007,491
2,900,464
2,598,282
2,082,812
1,728,073
2,071,377
1,279,329
1,613,954
1,575,654
1,152,326
988,891
921,735
747,366
net assets
3,964,605
3,329,730
2,835,358
2,253,120
1,790,703
1,373,552
1,154,933
995,889
837,621
700,589
423,500
568,537
385,054
557,911
465,847
total shareholders funds
3,964,605
3,329,730
2,835,358
2,253,120
1,790,703
1,373,552
1,154,933
995,889
837,621
700,589
423,500
568,537
385,054
557,911
465,847
Jun 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
1,143,184
943,699
1,033,951
833,007
552,050
300,366
232,468
213,482
167,424
342,035
-148,532
235,732
-173,947
133,011
144,178
Depreciation
144,531
136,510
86,671
84,039
76,321
27,884
34,911
21,483
17,810
13,064
17,419
10,934
Amortisation
Tax
-285,953
-203,777
-215,676
-154,081
-97,850
-51,164
-37,307
-37,125
-34,258
-69,272
-54,807
-28,557
-31,993
Stock
21,122
36,763
1,820,963
820,382
225,898
71,554
-226,255
118,157
-11,594
89,653
-4,819
-56,716
33,736
66,511
218,595
Debtors
568,130
295,594
140,838
-43,880
448,325
-102,542
118,700
77,660
195,223
14,003
108,761
27,897
77,202
62,666
470,344
Creditors
994,135
589,771
674,864
43,526
251,480
346,717
-400,231
105,026
199,051
-63,137
181,638
101,998
-99,897
151,842
626,476
Accruals and Deferred Income
331,321
-140,625
451,401
307,233
629
184,703
28,026
71,237
-68,447
10,502
57,945
Deferred Taxes & Provisions
1,263
61,517
30,797
10,053
32,004
Cash flow from operations
1,739,229
1,054,738
100,207
347,275
140,411
811,610
-69,489
156,803
176,472
140,881
-49,353
329,552
-440,165
155,040
118,601
Investing Activities
capital expenditure
-10,026
-37,730
-30,174
-754,537
-77,429
-32,500
-182,000
-36,870
-43,737
Change in Investments
cash flow from investments
-10,026
-37,730
-30,174
-754,537
-77,429
-32,500
-182,000
-36,870
-43,737
Financing Activities
Bank loans
5,589
35,163
32,473
58,775
Group/Directors Accounts
Other Short Term Loans
Long term loans
-114,358
-131,531
-146,658
-91,659
163,206
-60,064
-58,286
626,565
-26,105
-18,420
44,525
Hire Purchase and Lease Commitments
-20,897
158,512
61,460
556
25,621
43,603
59,211
22,089
-30,445
30,445
other long term liabilities
-176,465
27,976
-32,869
-533,676
101,437
241,690
61,437
310,470
share issue
-500
500
356,821
interest
-10,863
-30,669
-27,606
-33,356
-37,048
-31,084
-36,117
-18,089
3,866
4,326
3,495
2,557
1,090
-2,390
-3,159
cash flow from financing
-146,618
1,901
-77,641
-91,986
210,554
-223,510
-7,216
597,696
-529,810
105,763
245,185
63,994
255,010
9,635
398,187
cash and cash equivalents
cash
1,239,205
500,798
-324,999
-42,240
324,693
566,616
-106,879
-38
-353,338
169,215
163,332
211,547
-203,575
117,805
491,471
overdraft
-16,245
16,245
-18,420
18,420
change in cash
1,239,205
500,798
-324,999
-42,240
340,938
550,371
-106,879
-38
-353,338
169,215
163,332
211,547
-185,155
117,805
473,051
easityre 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 easityre ltd.. Get real-time insights into easityre ltd.'s credit score, group structure and payment trends.
Perform a competitor analysis for easityre ltd. by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in KY7 area or any other competitors across 12 key performance metrics.
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 5 charges/mortgages relating to easityre ltd.. Currently there are 4 open charges and 1 have been satisfied in the past.
easityre 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.
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easityre ltd.Companies House Filings - See Documents
