Tassia Limited

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tassia limited Company Information

Live

MatureSmallDeclining

Company Number

00398387

Website

www.tassialeathergoods.co.uk

Registered Address

unit 1(left) cranborne road, potters bar, EN6 3JN

Industry

Wholesale of other intermediate products

Telephone

02088801833

Next Accounts Due

43 days late

Group Structure

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Directors

Charles Feldman44 Years

Yisroel Feldman5 Years

Shareholders

charles feldman 25%

rebecca feldman 25%

View All

tassia limited Estimated Valuation

£809.4k

Pomanda estimates the enterprise value of TASSIA LIMITED at £809.4k based on Net Assets of £396.2k and 2.04x industry multiple (adjusted for liquidity).

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Tassia Limited is a live company located in potters bar, EN6 3JN with a Companies House number of 00398387. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in September 1945, it's largest shareholder is charles feldman with a 25% stake. Tassia Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Tassia Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

9 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£16.6m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3.5%)

EXPORT

Tassia Limited's latest turnover from December 2022 is estimated at £1.8 million and the company has net assets of £396.2 thousand. According to their latest financial statements, Tassia Limited has 14 employees and maintains cash reserves of £24.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,757,837	1,664,481	1,759,537	2,006,702	1,908,194	1,593,988	1,144,781	490,610	588,378	596,373	493,428	514,511	609,409	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,465,674	1,392,632	1,472,642	1,689,648	1,592,445	1,330,239	953,255	410,373	489,283	497,515	408,223	424,077	497,492	0
Gross Profit	292,163	271,849	286,895	317,054	315,748	263,750	191,527	80,238	99,095	98,858	85,205	90,434	111,917	0
Admin Expenses	508,373	293,773	234,126	266,806	286,463	201,747	121,863	67,036	157,144	119,046	105,951	116,825	139,584	-783,208
Operating Profit	-216,210	-21,924	52,769	50,248	29,285	62,003	69,664	13,202	-58,049	-20,188	-20,746	-26,391	-27,667	783,208
Interest Payable	0	0	0	2,657	6,804	3,839	0	0	0	0	0	0	0	0
Interest Receivable	2,806	266	59	254	331	109	154	439	529	1,022	1,493	1,395	1,266	678
Pre-Tax Profit	-213,404	-21,658	52,828	47,844	22,812	58,273	69,819	13,641	-57,520	-19,166	-19,253	-24,996	-26,401	783,886
Tax	0	0	-10,037	-9,090	-4,334	-11,072	-13,964	-2,728	0	0	0	0	0	-219,488
Profit After Tax	-213,404	-21,658	42,791	38,754	18,478	47,201	55,855	10,913	-57,520	-19,166	-19,253	-24,996	-26,401	564,398
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-213,404	-21,658	42,791	38,754	18,478	47,201	55,855	10,913	-57,520	-19,166	-19,253	-24,996	-26,401	564,398
Employee Costs	637,182	702,260	717,754	685,301	635,479	494,915	113,438	37,514	37,469	70,148	34,739	35,547	66,218	0
Number Of Employees	14	16	17	17	16	13	3	1	1	2	1	1	2	0
EBITDA*	-209,460	-12,764	64,822	50,415	29,509	62,301	70,061	13,732	-57,342	-19,246	-19,055	-25,105	-25,950	785,497

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 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	20,250	27,000	36,160	503	670	894	1,192	1,589	2,119	2,826	2,170	3,861	5,147	6,864
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	120,961	82,943	183,009	0	0	0	0	0	0	0
Total Fixed Assets	20,250	27,000	36,160	503	121,631	83,837	184,201	1,589	2,119	2,826	2,170	3,861	5,147	6,864
Stock & work in progress	719,681	663,672	755,634	778,781	812,233	759,000	503,550	322,250	301,000	241,000	142,500	179,450	230,000	269,860
Trade Debtors	172,062	163,683	184,873	169,643	0	0	0	83,765	127,994	160,606	148,156	134,798	167,305	175,628
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	24,448	135,868	76,738	41,387	26,216	61,973	25,484	98,017	77,546	134,092	274,683	322,671	235,134	271,172
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	916,191	963,223	1,017,245	989,811	838,449	820,973	529,034	504,032	506,540	535,698	565,339	636,919	632,439	716,660
total assets	936,441	990,223	1,053,405	990,314	960,080	904,810	713,235	505,621	508,659	538,524	567,509	640,780	637,586	723,524
Bank overdraft	0	0	0	0	0	122,855	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	78,740	0	0	0	0	0	0	0	0	0
Trade Creditors	257,592	93,487	92,151	401,951	24,218	13,222	229,305	77,546	91,497	63,842	73,661	127,679	99,489	159,026
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	307,513	237,602	0	0	0	0	0	0	0	0
total current liabilities	257,592	93,487	92,151	401,951	410,471	373,679	229,305	77,546	91,497	63,842	73,661	127,679	99,489	159,026
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	0	0	0	0	0	0	0	0	0	0
other liabilities	282,657	287,140	330,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	282,657	287,140	330,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	540,249	380,627	422,151	401,951	410,471	373,679	229,305	77,546	91,497	63,842	73,661	127,679	99,489	159,026
net assets	396,192	609,596	631,254	588,363	549,609	531,131	483,930	428,075	417,162	474,682	493,848	513,101	538,097	564,498
total shareholders funds	396,192	609,596	631,254	588,363	549,609	531,131	483,930	428,075	417,162	474,682	493,848	513,101	538,097	564,498

	Dec 2022	Dec 2021	Dec 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	-216,210	-21,924	52,769	50,248	29,285	62,003	69,664	13,202	-58,049	-20,188	-20,746	-26,391	-27,667	783,208
Depreciation	6,750	9,160	12,053	167	224	298	397	530	707	942	1,691	1,286	1,717	2,289
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-10,037	-9,090	-4,334	-11,072	-13,964	-2,728	0	0	0	0	0	-219,488
Stock	56,009	-91,962	-23,147	-33,452	53,233	255,450	181,300	21,250	60,000	98,500	-36,950	-50,550	-39,860	269,860
Debtors	8,379	-21,190	15,230	48,682	38,018	-100,066	99,244	-44,229	-32,612	12,450	13,358	-32,507	-8,323	175,628
Creditors	164,105	1,336	-309,800	377,733	10,996	-216,083	151,759	-13,951	27,655	-9,819	-54,018	28,190	-59,537	159,026
Accruals and Deferred Income	0	0	0	-307,513	69,911	237,602	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-109,743	101,724	-247,098	96,315	14,831	-82,636	-72,688	20,032	-57,075	-140,015	-49,481	86,142	-37,304	279,547
Investing Activities
capital expenditure	0	0	-47,710	0	0	0	0	0	0	-1,598	0	0	0	-9,153
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-47,710	0	0	0	0	0	0	-1,598	0	0	0	-9,153
Financing Activities
Bank loans	0	0	0	-78,740	78,740	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	-4,483	-42,860	330,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	100	0	0	0	0	0	0	0	0	0	0	100
interest	2,806	266	59	-2,403	-6,473	-3,730	154	439	529	1,022	1,493	1,395	1,266	678
cash flow from financing	-1,677	-42,594	330,159	-81,143	72,267	-3,730	154	439	529	1,022	1,493	1,395	1,266	778
cash and cash equivalents
cash	-111,420	59,130	35,351	15,171	-35,757	36,489	-72,533	20,471	-56,546	-140,591	-47,988	87,537	-36,038	271,172
overdraft	0	0	0	0	-122,855	122,855	0	0	0	0	0	0	0	0
change in cash	-111,420	59,130	35,351	15,171	87,098	-86,366	-72,533	20,471	-56,546	-140,591	-47,988	87,537	-36,038	271,172

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 tassia limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in EN6 area or any other competitors across 12 key performance metrics.

TASSIA LIMITED group structure

Tassia Limited has no subsidiary companies.

Ultimate parent company

TASSIA LIMITED

00398387

TASSIA LIMITED Shareholders

charles feldman	25%
rebecca feldman	25%
yisroel meir feldman	25%
cherie lara feldman	25%

Tassia Limited currently has 2 directors. The longest serving directors include Mr Charles Feldman (Apr 1980) and Mr Yisroel Feldman (Mar 2019).

officer	country	age	start	end	role
Mr Charles Feldman	England	76 years	Apr 1980	-	Director
Mr Yisroel Feldman	England	32 years	Mar 2019	-	Director

P&L

December 2022

turnover

1.8m

+6%

operating profit

-216.2k

gross margin

16.7%

+1.76%

turnover

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

Balance Sheet

December 2022

net assets

396.2k

-0.35%

total assets

936.4k

-0.05%

cash

24.4k

-0.82%

net assets

Total assets minus all liabilities

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company number

00398387

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

September 1945

ultimate parent company

None

previous names

N/A

address

unit 1(left) cranborne road, potters bar, EN6 3JN

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 tassia limited. Currently there are 4 open charges and 1 have been satisfied in the past.

tassia limited Company Information

tassia limited Estimated Valuation

tassia limited Estimated Valuation

tassia limited Estimated Valuation

Tassia Limited Overview

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TASSIA LIMITED financials

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