tp icap markets limited Company Information
Company Number
00500777
Website
www.icap.comRegistered Address
135 bishopsgate, london, EC2M 3TP
Industry
Security and commodity contracts brokerage
Telephone
02072007000
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
tp icap emea investments limited 100%
tp icap markets limited Estimated Valuation
Pomanda estimates the enterprise value of TP ICAP MARKETS LIMITED at £147.8m based on a Turnover of £66.1m and 2.24x industry multiple (adjusted for size and gross margin).
tp icap markets limited Estimated Valuation
Pomanda estimates the enterprise value of TP ICAP MARKETS LIMITED at £114.3m based on an EBITDA of £13.5m and a 8.48x industry multiple (adjusted for size and gross margin).
tp icap markets limited Estimated Valuation
Pomanda estimates the enterprise value of TP ICAP MARKETS LIMITED at £995.7m based on Net Assets of £420.6m and 2.37x industry multiple (adjusted for liquidity).
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Tp Icap Markets Limited Overview
Tp Icap Markets Limited is a live company located in london, EC2M 3TP with a Companies House number of 00500777. It operates in the security and commodity contracts dealing activities sector, SIC Code 66120. Founded in October 1951, it's largest shareholder is tp icap emea investments limited with a 100% stake. Tp Icap Markets Limited is a mature, large sized company, Pomanda has estimated its turnover at £66.1m with declining growth in recent years.
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Tp Icap Markets Limited Health Check
Pomanda's financial health check has awarded Tp Icap Markets Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £66.1m, make it larger than the average company (£9.5m)
£66.1m - Tp Icap Markets Limited
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (5.8%)
-34% - Tp Icap Markets Limited
5.8% - Industry AVG
Production
with a gross margin of 83.7%, this company has a comparable cost of product (83.7%)
83.7% - Tp Icap Markets Limited
83.7% - Industry AVG
Profitability
an operating margin of 20.4% make it more profitable than the average company (8.6%)
20.4% - Tp Icap Markets Limited
8.6% - Industry AVG
Employees
with 49 employees, this is above the industry average (15)
49 - Tp Icap Markets Limited
15 - Industry AVG
Pay Structure
on an average salary of £479.8k, the company has a higher pay structure (£132.5k)
£479.8k - Tp Icap Markets Limited
£132.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£396k)
£1.3m - Tp Icap Markets Limited
£396k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (37 days)
26 days - Tp Icap Markets Limited
37 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Tp Icap Markets Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tp Icap Markets Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (54 weeks)
19 weeks - Tp Icap Markets Limited
54 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.9%, this is a lower level of debt than the average (39%)
11.9% - Tp Icap Markets Limited
39% - Industry AVG
TP ICAP MARKETS LIMITED financials
Tp Icap Markets Limited's latest turnover from December 2023 is £66.1 million and the company has net assets of £420.6 million. According to their latest financial statements, Tp Icap Markets Limited has 49 employees and maintains cash reserves of £21.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 66,097,000 | 145,025,000 | 210,486,000 | 225,135,000 | 97,390,000 | 102,087,000 | 53,321,000 | 71,010,000 | 70,944,000 | 87,278,000 | 106,949,000 | 122,786,000 | 156,254,000 | 161,260,000 | 177,715,000 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 13,476,000 | 4,413,000 | 36,214,000 | 57,784,000 | 12,850,000 | 17,714,000 | 10,593,000 | 9,005,000 | 5,299,000 | -4,009,000 | -9,000 | 4,448,000 | 16,679,000 | 17,087,000 | 25,758,000 |
Interest Payable | 61,000 | 1,000 | 16,000 | 160,000 | 20,000 | 2,000 | 2,000 | 10,000 | 4,000 | 69,000 | 55,000 | 301,000 | 309,000 | 310,000 | 301,000 |
Interest Receivable | 4,432,000 | 1,198,000 | 1,958,000 | 2,353,000 | 1,895,000 | 1,508,000 | 672,000 | 765,000 | 438,000 | 259,000 | 165,000 | 270,000 | 575,000 | 494,000 | 411,000 |
Pre-Tax Profit | 11,745,000 | -333,000 | 38,156,000 | 59,977,000 | 24,684,000 | 29,720,000 | 11,263,000 | 9,760,000 | -12,304,000 | 24,042,000 | 3,901,000 | 56,607,000 | 77,770,000 | 89,206,000 | 96,568,000 |
Tax | -4,339,000 | -1,369,000 | -7,114,000 | -11,120,000 | -2,335,000 | -3,796,000 | -2,242,000 | -1,260,000 | -1,422,000 | -169,000 | -397,000 | -1,526,000 | -4,846,000 | -6,256,000 | -7,795,000 |
Profit After Tax | 7,406,000 | -1,702,000 | 31,042,000 | 48,857,000 | 22,349,000 | 25,924,000 | 9,021,000 | 8,500,000 | -13,726,000 | 23,873,000 | 3,504,000 | 55,081,000 | 72,924,000 | 82,950,000 | 88,773,000 |
Dividends Paid | 0 | 40,000,000 | 27,500,000 | 32,500,000 | 14,500,000 | 0 | 0 | 0 | 28,820,000 | 27,861,000 | 12,000,000 | 52,940,000 | 66,825,000 | 81,784,000 | 74,050,000 |
Retained Profit | 7,406,000 | -41,702,000 | 3,542,000 | 16,357,000 | 7,849,000 | 25,924,000 | 9,021,000 | 8,500,000 | -42,546,000 | -3,988,000 | -8,496,000 | 2,141,000 | 6,099,000 | 5,084,000 | 4,786,000 |
Employee Costs | 23,510,000 | 79,864,000 | 122,150,000 | 114,219,000 | 30,962,000 | 28,524,000 | 21,047,000 | 28,814,000 | 27,811,000 | 34,957,000 | 49,631,000 | 56,214,000 | 0 | 81,707,000 | 94,696,000 |
Number Of Employees | 49 | 195 | 325 | 289 | 97 | 84 | 83 | 91 | 103 | 131 | 182 | 204 | 211 | 224 | 238 |
EBITDA* | 13,478,000 | 4,438,000 | 36,214,000 | 57,784,000 | 12,850,000 | 17,714,000 | 10,593,000 | 9,005,000 | 5,299,000 | -4,009,000 | -9,000 | 4,448,000 | 16,679,000 | 17,087,000 | 25,758,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,188,000 | 300,200,000 | 300,140,000 |
Intangible Assets | 0 | 6,102,000 | 12,045,000 | 12,051,000 | 12,051,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 244,625,000 | 244,509,000 | 244,056,000 | 244,042,000 | 243,827,000 | 271,083,000 | 301,755,000 | 261,996,000 | 261,998,000 | 298,331,000 | 298,331,000 | 298,331,000 | 300,140,000 | 300,140,000 | 300,140,000 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 | 1,840,000 | 1,845,000 | 0 | 0 | 0 |
Total Fixed Assets | 244,625,000 | 250,611,000 | 256,101,000 | 256,093,000 | 255,878,000 | 271,083,000 | 301,755,000 | 261,996,000 | 261,998,000 | 298,361,000 | 300,171,000 | 300,176,000 | 300,188,000 | 300,200,000 | 300,140,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 4,814,000 | 15,117,000 | 48,429,000 | 52,867,000 | 2,912,655,000 | 2,033,734,000 | 2,852,881,000 | 7,865,645,000 | 9,404,411,000 | 7,079,722,000 | 6,221,700,000 | 5,653,784,000 | 8,400,818,000 | 11,777,614,000 | 6,947,995,000 |
Group Debtors | 116,690,000 | 51,838,000 | 74,945,000 | 57,630,000 | 51,772,000 | 0 | 40,308,000 | 39,735,000 | 24,438,000 | 25,144,000 | 13,677,000 | 7,792,000 | 19,802,000 | 14,920,000 | 320,000 |
Misc Debtors | 13,406,000 | 970,000 | 60,361,000 | 46,836,000 | 49,105,000 | 0 | 41,051,000 | 199,865,000 | 71,554,000 | 64,710,000 | 2,853,000 | 1,617,000 | 17,285,000 | 8,576,000 | 7,831,000 |
Cash | 21,673,000 | 66,853,000 | 79,074,000 | 72,703,000 | 47,759,000 | 29,658,000 | 6,834,000 | 44,288,000 | 49,519,000 | 52,310,000 | 53,193,000 | 72,592,000 | 61,000,000 | 55,625,000 | 68,864,000 |
misc current assets | 76,103,000 | 84,028,000 | 76,435,000 | 65,063,000 | 0 | 39,168,000 | 2,277,000 | 2,575,000 | 3,143,000 | 0 | 986,000 | 816,000 | 0 | 0 | 1,773,000 |
total current assets | 232,686,000 | 218,806,000 | 339,244,000 | 295,099,000 | 3,101,090,000 | 2,102,560,000 | 2,943,351,000 | 8,152,108,000 | 9,553,065,000 | 7,221,886,000 | 6,292,409,000 | 5,736,601,000 | 8,498,905,000 | 11,856,735,000 | 7,026,783,000 |
total assets | 477,311,000 | 469,417,000 | 595,345,000 | 551,192,000 | 3,356,968,000 | 2,373,643,000 | 3,245,106,000 | 8,414,104,000 | 9,815,063,000 | 7,520,247,000 | 6,592,580,000 | 6,036,777,000 | 8,799,093,000 | 12,156,935,000 | 7,326,923,000 |
Bank overdraft | 9,212,000 | 27,000 | 16,689,000 | 7,016,000 | 1,566,000 | 11,956,000 | 128,000 | 59,256,000 | 80,436,000 | 29,706,000 | 575,000 | 420,000 | 5,485,000 | 476,000 | 289,000 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 0 | 0 | 2,894,169,000 | 1,850,543,000 | 2,841,598,000 | 7,790,299,000 | 9,318,025,000 | 7,045,938,000 | 6,207,791,000 | 5,639,724,000 | 8,382,515,000 | 11,760,508,000 | 6,932,701,000 |
Group/Directors Accounts | 23,403,000 | 32,199,000 | 29,384,000 | 21,221,000 | 10,278,000 | 16,494,000 | 7,533,000 | 13,119,000 | 6,114,000 | 10,873,000 | 982,000 | 449,000 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 47,416,000 | 113,225,000 | 40,175,000 | 198,821,000 | 71,062,000 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 24,053,000 | 26,312,000 | 97,442,000 | 75,189,000 | 2,387,000 | 3,714,000 | 4,631,000 | 10,652,000 | 6,117,000 | 58,037,000 | 3,403,000 | 7,839,000 | 24,909,000 | 18,066,000 | 21,132,000 |
total current liabilities | 56,668,000 | 58,538,000 | 143,515,000 | 103,426,000 | 2,955,816,000 | 1,995,932,000 | 2,894,065,000 | 8,072,147,000 | 9,481,754,000 | 7,144,554,000 | 6,212,751,000 | 5,648,432,000 | 8,412,909,000 | 11,779,050,000 | 6,954,122,000 |
loans | 0 | 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 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 67,000 | 133,000 | 200,000 | 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 | 0 |
total long term liabilities | 0 | 67,000 | 133,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 56,668,000 | 58,605,000 | 143,648,000 | 103,626,000 | 2,955,816,000 | 1,995,932,000 | 2,894,065,000 | 8,072,147,000 | 9,481,754,000 | 7,144,554,000 | 6,212,751,000 | 5,648,432,000 | 8,412,909,000 | 11,779,050,000 | 6,954,122,000 |
net assets | 420,643,000 | 410,812,000 | 451,697,000 | 447,566,000 | 401,152,000 | 377,711,000 | 351,041,000 | 341,957,000 | 333,309,000 | 375,693,000 | 379,829,000 | 388,345,000 | 386,184,000 | 377,885,000 | 372,801,000 |
total shareholders funds | 420,643,000 | 410,812,000 | 451,697,000 | 447,566,000 | 401,152,000 | 377,711,000 | 351,041,000 | 341,957,000 | 333,309,000 | 375,693,000 | 379,829,000 | 388,345,000 | 386,184,000 | 377,885,000 | 372,801,000 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 13,476,000 | 4,413,000 | 36,214,000 | 57,784,000 | 12,850,000 | 17,714,000 | 10,593,000 | 9,005,000 | 5,299,000 | -4,009,000 | -9,000 | 4,448,000 | 16,679,000 | 17,087,000 | 25,758,000 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 2,000 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -4,339,000 | -1,369,000 | -7,114,000 | -11,120,000 | -2,335,000 | -3,796,000 | -2,242,000 | -1,260,000 | -1,422,000 | -169,000 | -397,000 | -1,526,000 | -4,846,000 | -6,256,000 | -7,795,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 66,985,000 | -115,810,000 | 26,402,000 | -2,856,199,000 | 979,798,000 | -900,506,000 | -6,566,163,000 | -1,395,158,000 | 2,330,797,000 | 929,536,000 | 575,032,000 | -2,772,867,000 | -3,363,205,000 | 4,844,964,000 | 6,956,146,000 |
Creditors | 0 | 0 | 0 | -2,894,169,000 | 1,043,626,000 | -991,055,000 | -6,476,427,000 | -1,527,726,000 | 2,272,087,000 | 838,147,000 | 568,067,000 | -2,742,791,000 | -3,377,993,000 | 4,827,807,000 | 6,932,701,000 |
Accruals and Deferred Income | -2,259,000 | -71,130,000 | 22,253,000 | 72,802,000 | -1,327,000 | -917,000 | -1,486,000 | 4,535,000 | -51,920,000 | 54,634,000 | -4,436,000 | -17,070,000 | 6,843,000 | -3,066,000 | 21,132,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -60,105,000 | 47,749,000 | 24,951,000 | 81,496,000 | 73,016,000 | -77,548,000 | 96,601,000 | -120,288,000 | -106,753,000 | -40,933,000 | -11,807,000 | 15,928,000 | 3,888,000 | -9,392,000 | 15,650,000 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 116,000 | 453,000 | 14,000 | 215,000 | -27,256,000 | -30,672,000 | 39,757,000 | -2,000 | -36,333,000 | 0 | 0 | -1,809,000 | 0 | 0 | 300,140,000 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -8,796,000 | 2,815,000 | 8,163,000 | 10,943,000 | -6,216,000 | 8,961,000 | 1,419,000 | 7,005,000 | -4,759,000 | 9,891,000 | 533,000 | 449,000 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | -47,416,000 | -65,809,000 | 73,050,000 | -30,887,000 | 127,759,000 | 71,062,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 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 | 0 |
other long term liabilities | -67,000 | -66,000 | -67,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 4,371,000 | 1,197,000 | 1,942,000 | 2,193,000 | 1,875,000 | 1,506,000 | 670,000 | 755,000 | 434,000 | 190,000 | 110,000 | -31,000 | 266,000 | 184,000 | 110,000 |
cash flow from financing | -2,067,000 | 4,763,000 | 10,627,000 | -4,023,000 | -54,558,000 | 84,263,000 | -20,087,000 | 135,667,000 | 66,899,000 | 9,933,000 | 623,000 | 438,000 | 2,466,000 | 184,000 | 368,125,000 |
cash and cash equivalents | |||||||||||||||
cash | -45,180,000 | -12,221,000 | 6,371,000 | 24,944,000 | 18,101,000 | 22,824,000 | -42,685,000 | -5,231,000 | -2,791,000 | -883,000 | -19,399,000 | 11,592,000 | 5,375,000 | -13,239,000 | 68,864,000 |
overdraft | 9,185,000 | -16,662,000 | 9,673,000 | 5,450,000 | -10,390,000 | 11,828,000 | -80,308,000 | -21,180,000 | 50,730,000 | 29,131,000 | 155,000 | -5,065,000 | 5,009,000 | 187,000 | 289,000 |
change in cash | -54,365,000 | 4,441,000 | -3,302,000 | 19,494,000 | 28,491,000 | 10,996,000 | 37,623,000 | 15,949,000 | -53,521,000 | -30,014,000 | -19,554,000 | 16,657,000 | 366,000 | -13,426,000 | 68,575,000 |
tp icap markets limited Credit Report and Business Information
Tp Icap Markets Limited Competitor Analysis
Perform a competitor analysis for tp icap markets limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2M area or any other competitors across 12 key performance metrics.
tp icap markets limited Ownership
TP ICAP MARKETS LIMITED group structure
Tp Icap Markets Limited has 1 subsidiary company.
Ultimate parent company
TP ICAP GROUP PLC
#0140630
2 parents
TP ICAP MARKETS LIMITED
00500777
1 subsidiary
tp icap markets limited directors
Tp Icap Markets Limited currently has 6 directors. The longest serving directors include Mr Peter Randall (Mar 2020) and Mr Peter Randall (Mar 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Peter Randall | England | 68 years | Mar 2020 | - | Director |
Mr Peter Randall | England | 68 years | Mar 2020 | - | Director |
Mr Stephen Sparke | England | 66 years | Mar 2020 | - | Director |
Mr Paul Redman | England | 50 years | Dec 2021 | - | Director |
Mr Christian Rozes | England | 57 years | Jul 2022 | - | Director |
Ms Joanna Meager | England | 57 years | Nov 2023 | - | Director |
P&L
December 2023turnover
66.1m
-54%
operating profit
13.5m
+205%
gross margin
83.7%
+5.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
420.6m
+0.02%
total assets
477.3m
+0.02%
cash
21.7m
-0.68%
net assets
Total assets minus all liabilities
tp icap markets limited company details
company number
00500777
Type
Private limited with Share Capital
industry
66120 - Security and commodity contracts brokerage
incorporation date
October 1951
age
73
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
icap securities limited (April 2021)
garban securities limited (May 2004)
See moreaccountant
-
auditor
DELOITTE LLP
address
135 bishopsgate, london, EC2M 3TP
Bank
BARCLAYS BANK PLC, BARCLAYS BANK PLC
Legal Advisor
-
tp icap markets 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 found 47 charges/mortgages relating to tp icap markets limited. Currently there are 15 open charges and 32 have been satisfied in the past.
tp icap markets limited Companies House Filings - See Documents
date | description | view/download |
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