tennant metallurgical group limited
tennant metallurgical group limited Company Information
Company Number
00646646
Next Accounts
Sep 2025
Shareholders
tennant metallurgical holdings ltd
michael lee coward
View AllGroup Structure
View All
Industry
Wholesale of metals and metal ores
Registered Address
room 111, dunston innovation centre, chesterfield, derbyshire, S41 8NG
Website
http://tenmet.co.uktennant metallurgical group limited Estimated Valuation
Pomanda estimates the enterprise value of TENNANT METALLURGICAL GROUP LIMITED at £13m based on a Turnover of £36.1m and 0.36x industry multiple (adjusted for size and gross margin).
tennant metallurgical group limited Estimated Valuation
Pomanda estimates the enterprise value of TENNANT METALLURGICAL GROUP LIMITED at £8.9m based on an EBITDA of £1.8m and a 4.9x industry multiple (adjusted for size and gross margin).
tennant metallurgical group limited Estimated Valuation
Pomanda estimates the enterprise value of TENNANT METALLURGICAL GROUP LIMITED at £8.3m based on Net Assets of £5.1m and 1.64x industry multiple (adjusted for liquidity).
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Tennant Metallurgical Group Limited Overview
Tennant Metallurgical Group Limited is a live company located in chesterfield, S41 8NG with a Companies House number of 00646646. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in January 1960, it's largest shareholder is tennant metallurgical holdings ltd with a 65.3% stake. Tennant Metallurgical Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £36.1m with declining growth in recent years.
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Tennant Metallurgical Group Limited Health Check
Pomanda's financial health check has awarded Tennant Metallurgical Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £36.1m, make it larger than the average company (£29.9m)
£36.1m - Tennant Metallurgical Group Limited
£29.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (14.8%)
-4% - Tennant Metallurgical Group Limited
14.8% - Industry AVG
Production
with a gross margin of 8.9%, this company has a higher cost of product (16.9%)
8.9% - Tennant Metallurgical Group Limited
16.9% - Industry AVG
Profitability
an operating margin of 5% make it as profitable than the average company (5.1%)
5% - Tennant Metallurgical Group Limited
5.1% - Industry AVG
Employees
with 12 employees, this is below the industry average (32)
12 - Tennant Metallurgical Group Limited
32 - Industry AVG
Pay Structure
on an average salary of £73k, the company has a higher pay structure (£52k)
£73k - Tennant Metallurgical Group Limited
£52k - Industry AVG
Efficiency
resulting in sales per employee of £3m, this is more efficient (£883.6k)
£3m - Tennant Metallurgical Group Limited
£883.6k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is earlier than average (63 days)
44 days - Tennant Metallurgical Group Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (46 days)
25 days - Tennant Metallurgical Group Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 59 days, this is less than average (76 days)
59 days - Tennant Metallurgical Group Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Tennant Metallurgical Group Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50%, this is a similar level of debt than the average (53%)
50% - Tennant Metallurgical Group Limited
53% - Industry AVG
TENNANT METALLURGICAL GROUP LIMITED financials
Tennant Metallurgical Group Limited's latest turnover from December 2023 is £36.1 million and the company has net assets of £5.1 million. According to their latest financial statements, Tennant Metallurgical Group Limited has 12 employees and maintains cash reserves of £153.9 thousand 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 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 36,059,318 | 54,276,637 | 44,488,576 | 40,167,900 | 42,766,887 | 65,303,513 | 60,599,338 | 39,220,688 | 36,356,023 | 40,827,577 | 40,383,820 | 49,428,521 | 53,146,000 | 42,837,000 | 39,803,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 32,869,012 | 48,037,136 | 37,992,960 | 37,312,767 | 40,127,974 | 60,587,123 | 55,296,644 | 36,261,560 | 33,702,295 | 37,729,945 | 37,534,385 | 46,283,822 | 49,383,000 | 38,780,000 | 36,982,000 |
| Gross Profit | 3,190,306 | 6,239,501 | 6,495,616 | 2,855,133 | 2,638,913 | 4,716,390 | 5,302,694 | 2,959,128 | 2,653,728 | 3,097,632 | 2,849,435 | 3,144,699 | 3,763,000 | 4,057,000 | 2,821,000 |
| Admin Expenses | 1,381,293 | 2,885,209 | 2,130,099 | 1,902,502 | 2,039,596 | 1,833,271 | 2,632,300 | 2,079,984 | 2,043,649 | 2,086,822 | 2,152,608 | 2,211,451 | 2,388,000 | 2,463,000 | 2,035,000 |
| Operating Profit | 1,809,013 | 3,354,292 | 4,365,517 | 952,631 | 599,317 | 2,883,119 | 2,670,394 | 879,144 | 610,079 | 1,010,810 | 696,827 | 933,248 | 1,375,000 | 1,594,000 | 786,000 |
| Interest Payable | 122,793 | 123,926 | 98,201 | 96,483 | 41,382 | 225,512 | 220,530 | 189,144 | 202,457 | 197,645 | 137,133 | 155,203 | 186,000 | 88,000 | 118,000 |
| Interest Receivable | 7,775 | 2,277 | 18,602 | 1,993 | 22,380 | 17,363 | 775 | 13,000 | 6,000 | 31,000 | |||||
| Pre-Tax Profit | 1,686,220 | 3,238,141 | 4,269,593 | 874,750 | 559,928 | 2,679,987 | 2,449,864 | 707,363 | 408,397 | 897,697 | 788,939 | 818,045 | 1,413,000 | 1,745,000 | 753,000 |
| Tax | -397,444 | -616,670 | -819,006 | -174,577 | -88,246 | -444,635 | -480,206 | -160,798 | -85,316 | -182,723 | -138,297 | -186,598 | -357,000 | -488,000 | -211,000 |
| Profit After Tax | 1,288,776 | 2,621,471 | 3,450,587 | 700,173 | 471,682 | 2,235,352 | 1,969,658 | 546,565 | 323,081 | 714,974 | 650,642 | 631,447 | 1,056,000 | 1,257,000 | 542,000 |
| Dividends Paid | 20,000 | 1,700,000 | 4,500,000 | 1,000,000 | 150,000 | 300,000 | 96,611 | 625,000 | 300,000 | ||||||
| Retained Profit | 1,268,776 | 921,471 | 3,450,587 | -3,799,827 | -528,318 | 2,235,352 | 1,969,658 | 396,565 | 23,081 | 618,363 | 650,642 | 631,447 | 431,000 | 957,000 | 542,000 |
| Employee Costs | 876,594 | 973,597 | 994,273 | 1,056,951 | 1,021,199 | 1,438,439 | 1,359,444 | 994,589 | 1,006,426 | 1,021,540 | 1,036,033 | 1,025,042 | 1,013,000 | 1,150,000 | 980,000 |
| Number Of Employees | 12 | 12 | 11 | 11 | 12 | 12 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 13 | 14 |
| EBITDA* | 1,812,563 | 3,355,157 | 4,367,635 | 960,821 | 607,776 | 2,922,663 | 2,684,498 | 953,503 | 639,505 | 1,034,000 | 733,560 | 974,940 | 1,423,000 | 1,668,000 | 853,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 16,299 | 10,242 | 2,118 | 7,409 | 15,003 | 17,140 | 13,452 | 37,775 | 64,577 | 77,365 | 46,698 | 65,000 | 68,000 | 91,000 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | 19,175 | 19,175 | 19,175 | 19,175 | 19,175 | 24,193 | 294,838 | 535,582 | 268,000 | 263,000 | 140,000 | ||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 16,299 | 10,242 | 2,118 | 26,584 | 34,178 | 36,315 | 32,627 | 56,950 | 88,770 | 372,203 | 582,280 | 333,000 | 331,000 | 231,000 | |
| Stock & work in progress | 5,385,552 | 5,716,417 | 5,195,001 | 5,946,440 | 5,060,231 | 4,164,150 | 10,473,166 | 8,590,186 | 7,456,803 | 6,801,659 | 6,548,763 | 7,154,427 | 7,145,000 | 7,026,000 | 3,798,000 |
| Trade Debtors | 4,365,936 | 5,306,062 | 10,486,410 | 5,816,042 | 4,483,948 | 7,937,632 | 11,352,771 | 6,185,204 | 5,835,752 | 7,101,106 | 7,222,625 | 6,699,621 | 9,019,000 | 7,981,000 | 8,900,000 |
| Group Debtors | 64,864 | 63,649 | 14,035 | 169,292 | 8,952 | 79,000 | 2,000 | ||||||||
| Misc Debtors | 217,119 | 394,637 | 196,068 | 195,583 | 274,201 | 235,478 | 227,179 | 216,174 | 416,556 | 181,837 | 208,839 | 221,913 | 233,000 | 77,000 | 110,000 |
| Cash | 153,888 | 84,168 | 29,597 | 988,099 | 127,800 | 115,812 | |||||||||
| misc current assets | |||||||||||||||
| total current assets | 10,122,495 | 11,501,284 | 15,907,076 | 11,958,065 | 10,806,479 | 12,465,060 | 22,168,928 | 15,056,428 | 13,772,760 | 14,098,637 | 14,149,519 | 14,084,913 | 16,476,000 | 15,084,000 | 12,810,000 |
| total assets | 10,138,794 | 11,511,526 | 15,907,076 | 11,960,183 | 10,833,063 | 12,499,238 | 22,205,243 | 15,089,055 | 13,829,710 | 14,187,407 | 14,521,722 | 14,667,193 | 16,809,000 | 15,415,000 | 13,041,000 |
| Bank overdraft | 2,082,132 | 327,147 | 3,662,847 | 2,430,773 | 52,175 | 10,770,650 | 7,710,269 | 8,206,246 | 7,205,447 | 8,582,060 | 5,929,957 | 6,889,000 | 5,972,000 | 2,265,000 | |
| Bank loan | |||||||||||||||
| Trade Creditors | 2,297,138 | 2,303,652 | 3,503,675 | 4,949,306 | 3,966,275 | 4,478,447 | 4,927,595 | 4,061,212 | 2,747,538 | 3,761,088 | 3,998,908 | 3,516,555 | 4,611,000 | 4,531,000 | 6,337,000 |
| Group/Directors Accounts | 158,232 | 718,448 | 6,072 | 13,506 | 5,231 | 9,755 | 485,204 | 11,000 | |||||||
| other short term finances | 20,470 | 1,419 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 689,907 | 1,335,106 | 2,300,261 | 1,161,767 | 367,072 | 928,721 | 1,692,922 | 486,135 | 433,653 | 557,429 | 245,826 | 852,521 | 830,000 | 853,000 | 1,348,000 |
| total current liabilities | 5,069,177 | 4,124,137 | 9,466,783 | 9,260,294 | 4,333,347 | 5,459,343 | 17,411,637 | 12,265,107 | 11,400,943 | 11,529,195 | 12,836,549 | 10,784,237 | 12,330,000 | 11,367,000 | 9,950,000 |
| loans | 254,684 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 3,000 | 1,384 | 1,567 | 1,575 | |||||||||||
| total long term liabilities | 3,000 | 1,384 | 256,251 | 1,575 | |||||||||||
| total liabilities | 5,072,177 | 4,124,137 | 9,466,783 | 9,260,294 | 4,333,347 | 5,459,343 | 17,411,637 | 12,265,107 | 11,402,327 | 11,785,446 | 12,838,124 | 10,784,237 | 12,330,000 | 11,367,000 | 9,950,000 |
| net assets | 5,066,617 | 7,387,389 | 6,440,293 | 2,699,889 | 6,499,716 | 7,039,895 | 4,793,606 | 2,823,948 | 2,427,383 | 2,401,961 | 1,683,598 | 3,882,956 | 4,479,000 | 4,048,000 | 3,091,000 |
| total shareholders funds | 5,066,617 | 7,387,389 | 6,440,293 | 2,699,889 | 6,499,716 | 7,039,895 | 4,793,606 | 2,823,948 | 2,427,383 | 2,401,961 | 1,683,598 | 3,882,956 | 4,479,000 | 4,048,000 | 3,091,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,809,013 | 3,354,292 | 4,365,517 | 952,631 | 599,317 | 2,883,119 | 2,670,394 | 879,144 | 610,079 | 1,010,810 | 696,827 | 933,248 | 1,375,000 | 1,594,000 | 786,000 |
| Depreciation | 3,550 | 865 | 2,118 | 8,190 | 8,459 | 39,544 | 14,104 | 74,359 | 29,426 | 23,190 | 36,733 | 41,692 | 48,000 | 74,000 | 67,000 |
| Amortisation | |||||||||||||||
| Tax | -397,444 | -616,670 | -819,006 | -174,577 | -88,246 | -444,635 | -480,206 | -160,798 | -85,316 | -182,723 | -138,297 | -186,598 | -357,000 | -488,000 | -211,000 |
| Stock | -330,865 | 521,416 | -751,439 | 886,209 | 896,081 | -6,309,016 | 1,882,980 | 1,133,383 | 655,144 | 252,896 | -605,664 | 9,427 | 119,000 | 3,228,000 | 3,798,000 |
| Debtors | -1,117,644 | -4,981,779 | 4,670,853 | 1,253,476 | -3,414,961 | -3,406,840 | 5,113,708 | 150,285 | -981,021 | -303,778 | 670,270 | -2,400,514 | 1,273,000 | -954,000 | 9,012,000 |
| Creditors | -6,514 | -1,200,023 | -1,445,631 | 983,031 | -512,172 | -449,148 | 866,383 | 1,313,674 | -1,013,550 | -237,820 | 482,353 | -1,094,445 | 80,000 | -1,806,000 | 6,337,000 |
| Accruals and Deferred Income | -645,199 | -965,155 | 1,138,494 | 794,695 | -561,649 | -764,201 | 1,206,787 | 52,482 | -123,776 | 311,603 | -606,695 | 22,521 | -23,000 | -495,000 | 1,348,000 |
| Deferred Taxes & Provisions | 3,000 | -1,384 | -183 | -8 | 1,575 | ||||||||||
| Cash flow from operations | 2,214,915 | 5,033,672 | -677,922 | 424,285 | 1,964,589 | 10,980,535 | -2,719,226 | 873,809 | -257,443 | 975,934 | 407,890 | 2,107,505 | -269,000 | -3,395,000 | -4,483,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | 133,000 | -45,000 | -21,000 | ||||||||||||
| Change in Investments | -19,175 | -5,018 | -270,645 | -240,744 | 267,582 | 5,000 | 123,000 | 140,000 | |||||||
| cash flow from investments | 128,000 | -168,000 | -161,000 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -158,232 | 158,232 | -718,448 | 718,448 | -6,072 | -7,434 | 8,275 | -4,524 | -475,449 | 485,204 | -11,000 | 11,000 | |||
| Other Short Term Loans | -20,470 | 19,051 | 1,419 | ||||||||||||
| Long term loans | -254,684 | 254,684 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -122,793 | -116,151 | -95,924 | -77,881 | -39,389 | -203,132 | -220,530 | -171,781 | -201,682 | -197,645 | -137,133 | -155,203 | -173,000 | -82,000 | -87,000 |
| cash flow from financing | -3,870,573 | 67,706 | -524,555 | 640,567 | -51,250 | -212,665 | -207,551 | -177,796 | -445,750 | 152,515 | -3,462,582 | -897,490 | -184,000 | -71,000 | 2,462,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 69,720 | 54,571 | 29,597 | -988,099 | 860,299 | 11,988 | 115,812 | ||||||||
| overdraft | 1,754,985 | -3,335,700 | 1,232,074 | 2,430,773 | -52,175 | -10,718,475 | 3,060,381 | -495,977 | 1,000,799 | -1,376,613 | 2,652,103 | -959,043 | 917,000 | 3,707,000 | 2,265,000 |
| change in cash | -1,685,265 | 3,390,271 | -1,202,477 | -3,418,872 | 912,474 | 10,730,463 | -2,944,569 | 495,977 | -1,000,799 | 1,376,613 | -2,652,103 | 959,043 | -917,000 | -3,707,000 | -2,265,000 |
tennant metallurgical group limited Credit Report and Business Information
Tennant Metallurgical Group Limited Competitor Analysis
Perform a competitor analysis for tennant metallurgical group limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in S41 area or any other competitors across 12 key performance metrics.
tennant metallurgical group limited Ownership
TENNANT METALLURGICAL GROUP LIMITED group structure
Tennant Metallurgical Group Limited has 6 subsidiary companies.
Ultimate parent company
2 parents
TENNANT METALLURGICAL GROUP LIMITED
00646646
6 subsidiaries
tennant metallurgical group limited directors
Tennant Metallurgical Group Limited currently has 5 directors. The longest serving directors include Mr Ian Cunningham (Oct 1999) and Mr Michael Coward (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Cunningham | 58 years | Oct 1999 | - | Director | |
| Mr Michael Coward | United Kingdom | 34 years | Mar 2021 | - | Director |
| Mr Stephen Wilson | United Kingdom | 57 years | Mar 2021 | - | Director |
| Mr Nigel Green | United Kingdom | 56 years | Mar 2021 | - | Director |
| Mr Liam Britton | United Kingdom | 38 years | Mar 2024 | - | Director |
P&L
December 2023turnover
36.1m
-34%
operating profit
1.8m
-46%
gross margin
8.9%
-23.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.1m
-0.31%
total assets
10.1m
-0.12%
cash
153.9k
+0.83%
net assets
Total assets minus all liabilities
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tennant metallurgical group limited company details
company number
00646646
Type
Private limited with Share Capital
industry
46720 - Wholesale of metals and metal ores
incorporation date
January 1960
age
65
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
tennant midgley group limited (December 2004)
tennant metallurgical group limited (July 1997)
See moreaccountant
-
auditor
BHP LLP
address
room 111, dunston innovation centre, chesterfield, derbyshire, S41 8NG
Bank
HSBC BANK PLC
Legal Advisor
-
tennant metallurgical group 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 7 charges/mortgages relating to tennant metallurgical group limited. Currently there are 7 open charges and 0 have been satisfied in the past.
tennant metallurgical group limited 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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tennant metallurgical group limited Companies House Filings - See Documents
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