tp icap markets limited

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tp icap markets limited Company Information

Share TP ICAP MARKETS LIMITED
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Company Number

00500777

Registered Address

135 bishopsgate, london, EC2M 3TP

Industry

Security and commodity contracts brokerage

 

Telephone

02072007000

Next Accounts Due

September 2025

Group Structure

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Directors

Peter Randall4 Years

Peter Randall4 Years

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Shareholders

tp icap emea investments limited 100%

tp icap markets limited Estimated Valuation

£147.8m

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

£114.3m

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

£995.7m

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

3 Weak

size

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

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

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

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

Employees

with 49 employees, this is above the industry average (15)

49 - Tp Icap Markets Limited

15 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £1.3m, this is more efficient (£396k)

£1.3m - Tp Icap Markets Limited

£396k - Industry AVG

debtordays

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

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Tp Icap Markets Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tp Icap Markets Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover66,097,000145,025,000210,486,000225,135,00097,390,000102,087,00053,321,00071,010,00070,944,00087,278,000106,949,000122,786,000156,254,000161,260,000177,715,000
Other Income Or Grants000000000000000
Cost Of Sales10,796,17230,370,68343,548,60143,307,79119,080,25922,765,46011,701,57813,875,84618,997,08618,608,85537,364,63134,576,60747,381,91749,056,28651,772,580
Gross Profit55,300,828114,654,317166,937,399181,827,20978,309,74179,321,54041,619,42257,134,15451,946,91468,669,14569,584,36988,209,393108,872,083112,203,714125,942,420
Admin Expenses41,824,828110,241,317130,723,399124,043,20965,459,74161,607,54031,026,42248,129,15446,647,91472,678,14569,593,36983,761,39392,193,08395,116,714100,184,420
Operating Profit13,476,0004,413,00036,214,00057,784,00012,850,00017,714,00010,593,0009,005,0005,299,000-4,009,000-9,0004,448,00016,679,00017,087,00025,758,000
Interest Payable61,0001,00016,000160,00020,0002,0002,00010,0004,00069,00055,000301,000309,000310,000301,000
Interest Receivable4,432,0001,198,0001,958,0002,353,0001,895,0001,508,000672,000765,000438,000259,000165,000270,000575,000494,000411,000
Pre-Tax Profit11,745,000-333,00038,156,00059,977,00024,684,00029,720,00011,263,0009,760,000-12,304,00024,042,0003,901,00056,607,00077,770,00089,206,00096,568,000
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 Tax7,406,000-1,702,00031,042,00048,857,00022,349,00025,924,0009,021,0008,500,000-13,726,00023,873,0003,504,00055,081,00072,924,00082,950,00088,773,000
Dividends Paid040,000,00027,500,00032,500,00014,500,00000028,820,00027,861,00012,000,00052,940,00066,825,00081,784,00074,050,000
Retained Profit7,406,000-41,702,0003,542,00016,357,0007,849,00025,924,0009,021,0008,500,000-42,546,000-3,988,000-8,496,0002,141,0006,099,0005,084,0004,786,000
Employee Costs23,510,00079,864,000122,150,000114,219,00030,962,00028,524,00021,047,00028,814,00027,811,00034,957,00049,631,00056,214,000081,707,00094,696,000
Number Of Employees4919532528997848391103131182204211224238
EBITDA*13,478,0004,438,00036,214,00057,784,00012,850,00017,714,00010,593,0009,005,0005,299,000-4,009,000-9,0004,448,00016,679,00017,087,00025,758,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets000000000000300,188,000300,200,000300,140,000
Intangible Assets06,102,00012,045,00012,051,00012,051,0000000000000
Investments & Other244,625,000244,509,000244,056,000244,042,000243,827,000271,083,000301,755,000261,996,000261,998,000298,331,000298,331,000298,331,000300,140,000300,140,000300,140,000
Debtors (Due After 1 year)00000000030,0001,840,0001,845,000000
Total Fixed Assets244,625,000250,611,000256,101,000256,093,000255,878,000271,083,000301,755,000261,996,000261,998,000298,361,000300,171,000300,176,000300,188,000300,200,000300,140,000
Stock & work in progress000000000000000
Trade Debtors4,814,00015,117,00048,429,00052,867,0002,912,655,0002,033,734,0002,852,881,0007,865,645,0009,404,411,0007,079,722,0006,221,700,0005,653,784,0008,400,818,00011,777,614,0006,947,995,000
Group Debtors116,690,00051,838,00074,945,00057,630,00051,772,000040,308,00039,735,00024,438,00025,144,00013,677,0007,792,00019,802,00014,920,000320,000
Misc Debtors13,406,000970,00060,361,00046,836,00049,105,000041,051,000199,865,00071,554,00064,710,0002,853,0001,617,00017,285,0008,576,0007,831,000
Cash21,673,00066,853,00079,074,00072,703,00047,759,00029,658,0006,834,00044,288,00049,519,00052,310,00053,193,00072,592,00061,000,00055,625,00068,864,000
misc current assets76,103,00084,028,00076,435,00065,063,000039,168,0002,277,0002,575,0003,143,0000986,000816,000001,773,000
total current assets232,686,000218,806,000339,244,000295,099,0003,101,090,0002,102,560,0002,943,351,0008,152,108,0009,553,065,0007,221,886,0006,292,409,0005,736,601,0008,498,905,00011,856,735,0007,026,783,000
total assets477,311,000469,417,000595,345,000551,192,0003,356,968,0002,373,643,0003,245,106,0008,414,104,0009,815,063,0007,520,247,0006,592,580,0006,036,777,0008,799,093,00012,156,935,0007,326,923,000
Bank overdraft9,212,00027,00016,689,0007,016,0001,566,00011,956,000128,00059,256,00080,436,00029,706,000575,000420,0005,485,000476,000289,000
Bank loan000000000000000
Trade Creditors 00002,894,169,0001,850,543,0002,841,598,0007,790,299,0009,318,025,0007,045,938,0006,207,791,0005,639,724,0008,382,515,00011,760,508,0006,932,701,000
Group/Directors Accounts23,403,00032,199,00029,384,00021,221,00010,278,00016,494,0007,533,00013,119,0006,114,00010,873,000982,000449,000000
other short term finances000047,416,000113,225,00040,175,000198,821,00071,062,000000000
hp & lease commitments000000000000000
other current liabilities24,053,00026,312,00097,442,00075,189,0002,387,0003,714,0004,631,00010,652,0006,117,00058,037,0003,403,0007,839,00024,909,00018,066,00021,132,000
total current liabilities56,668,00058,538,000143,515,000103,426,0002,955,816,0001,995,932,0002,894,065,0008,072,147,0009,481,754,0007,144,554,0006,212,751,0005,648,432,0008,412,909,00011,779,050,0006,954,122,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities067,000133,000200,00000000000000
provisions000000000000000
total long term liabilities067,000133,000200,00000000000000
total liabilities56,668,00058,605,000143,648,000103,626,0002,955,816,0001,995,932,0002,894,065,0008,072,147,0009,481,754,0007,144,554,0006,212,751,0005,648,432,0008,412,909,00011,779,050,0006,954,122,000
net assets420,643,000410,812,000451,697,000447,566,000401,152,000377,711,000351,041,000341,957,000333,309,000375,693,000379,829,000388,345,000386,184,000377,885,000372,801,000
total shareholders funds420,643,000410,812,000451,697,000447,566,000401,152,000377,711,000351,041,000341,957,000333,309,000375,693,000379,829,000388,345,000386,184,000377,885,000372,801,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit13,476,0004,413,00036,214,00057,784,00012,850,00017,714,00010,593,0009,005,0005,299,000-4,009,000-9,0004,448,00016,679,00017,087,00025,758,000
Depreciation000000000000000
Amortisation2,00025,0000000000000000
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
Stock000000000000000
Debtors66,985,000-115,810,00026,402,000-2,856,199,000979,798,000-900,506,000-6,566,163,000-1,395,158,0002,330,797,000929,536,000575,032,000-2,772,867,000-3,363,205,0004,844,964,0006,956,146,000
Creditors000-2,894,169,0001,043,626,000-991,055,000-6,476,427,000-1,527,726,0002,272,087,000838,147,000568,067,000-2,742,791,000-3,377,993,0004,827,807,0006,932,701,000
Accruals and Deferred Income-2,259,000-71,130,00022,253,00072,802,000-1,327,000-917,000-1,486,0004,535,000-51,920,00054,634,000-4,436,000-17,070,0006,843,000-3,066,00021,132,000
Deferred Taxes & Provisions000000000000000
Cash flow from operations-60,105,00047,749,00024,951,00081,496,00073,016,000-77,548,00096,601,000-120,288,000-106,753,000-40,933,000-11,807,00015,928,0003,888,000-9,392,00015,650,000
Investing Activities
capital expenditure6,100,0005,918,0006,0000-12,051,000000000300,188,00012,000-60,000-300,140,000
Change in Investments116,000453,00014,000215,000-27,256,000-30,672,00039,757,000-2,000-36,333,00000-1,809,00000300,140,000
cash flow from investments5,984,0005,465,000-8,000-215,00015,205,00030,672,000-39,757,0002,00036,333,00000301,997,00012,000-60,000-600,280,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-8,796,0002,815,0008,163,00010,943,000-6,216,0008,961,0001,419,0007,005,000-4,759,0009,891,000533,000449,000000
Other Short Term Loans 000-47,416,000-65,809,00073,050,000-30,887,000127,759,00071,062,000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-67,000-66,000-67,000200,00000000000000
share issue2,425,000817,000589,00030,057,00015,592,000746,0008,711,000148,000162,000-148,000-20,00020,0002,200,0000368,015,000
interest4,371,0001,197,0001,942,0002,193,0001,875,0001,506,000670,000755,000434,000190,000110,000-31,000266,000184,000110,000
cash flow from financing-2,067,0004,763,00010,627,000-4,023,000-54,558,00084,263,000-20,087,000135,667,00066,899,0009,933,000623,000438,0002,466,000184,000368,125,000
cash and cash equivalents
cash-45,180,000-12,221,0006,371,00024,944,00018,101,00022,824,000-42,685,000-5,231,000-2,791,000-883,000-19,399,00011,592,0005,375,000-13,239,00068,864,000
overdraft9,185,000-16,662,0009,673,0005,450,000-10,390,00011,828,000-80,308,000-21,180,00050,730,00029,131,000155,000-5,065,0005,009,000187,000289,000
change in cash-54,365,0004,441,000-3,302,00019,494,00028,491,00010,996,00037,623,00015,949,000-53,521,000-30,014,000-19,554,00016,657,000366,000-13,426,00068,575,000

tp icap markets limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tp Icap Markets Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

tp icap emea investments limited 100%

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).

officercountryagestartendrole
Mr Peter RandallEngland68 years Mar 2020- Director
Mr Peter RandallEngland68 years Mar 2020- Director
Mr Stephen SparkeEngland66 years Mar 2020- Director
Mr Paul RedmanEngland50 years Dec 2021- Director
Mr Christian RozesEngland57 years Jul 2022- Director
Ms Joanna MeagerEngland57 years Nov 2023- Director

P&L

December 2023

turnover

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 2023

net 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

TP ICAP GROUP PLC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

icap securities limited (April 2021)

garban securities limited (May 2004)

See more

accountant

-

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.

charges

tp icap markets limited Companies House Filings - See Documents

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