turk launches limited
turk launches limited Company Information
Group Structure
View All
Industry
Inland passenger water transport
Registered Address
35 ballards lane, london, N3 1XW
Website
www.turks.co.ukturk launches limited Estimated Valuation
Pomanda estimates the enterprise value of TURK LAUNCHES LIMITED at £105.6k based on a Turnover of £155.7k and 0.68x industry multiple (adjusted for size and gross margin).
turk launches limited Estimated Valuation
Pomanda estimates the enterprise value of TURK LAUNCHES LIMITED at £0 based on an EBITDA of £-28.5k and a 2.84x industry multiple (adjusted for size and gross margin).
turk launches limited Estimated Valuation
Pomanda estimates the enterprise value of TURK LAUNCHES LIMITED at £988.3k based on Net Assets of £737k and 1.34x industry multiple (adjusted for liquidity).
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Turk Launches Limited Overview
Turk Launches Limited is a live company located in london, N3 1XW with a Companies House number of 01091058. It operates in the inland passenger water transport sector, SIC Code 50300. Founded in January 1973, it's largest shareholder is turk group ltd with a 100% stake. Turk Launches Limited is a mature, micro sized company, Pomanda has estimated its turnover at £155.7k with declining growth in recent years.
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Turk Launches Limited Health Check
Pomanda's financial health check has awarded Turk Launches Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
4 Regular
6 Weak
Size
annual sales of £155.7k, make it smaller than the average company (£3.9m)
- Turk Launches Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (12%)
- Turk Launches Limited
12% - Industry AVG
Production
with a gross margin of 39%, this company has a comparable cost of product (39%)
- Turk Launches Limited
39% - Industry AVG
Profitability
an operating margin of -18.3% make it less profitable than the average company (14.3%)
- Turk Launches Limited
14.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (58)
2 - Turk Launches Limited
58 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has an equivalent pay structure (£39.7k)
- Turk Launches Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £77.9k, this is equally as efficient (£85.1k)
- Turk Launches Limited
£85.1k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is near the average (25 days)
- Turk Launches Limited
25 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Turk Launches Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Turk Launches Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (29 weeks)
0 weeks - Turk Launches Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.7%, this is a higher level of debt than the average (59.5%)
69.7% - Turk Launches Limited
59.5% - Industry AVG
TURK LAUNCHES LIMITED financials
Turk Launches Limited's latest turnover from September 2024 is estimated at £155.7 thousand and the company has net assets of £737 thousand. According to their latest financial statements, Turk Launches Limited has 2 employees and maintains cash reserves of £70 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | ||||||||||||||||
| Tax | ||||||||||||||||
| Profit After Tax | ||||||||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | ||||||||||||||||
| Employee Costs | ||||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 5 | 14 | 32 | 29 | 59 | 47 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,327,420 | 2,169,813 | 1,989,973 | 1,690,034 | 1,580,573 | 1,351,206 | 1,336,629 | 1,254,493 | 1,256,404 | 1,229,437 | 1,121,545 | 1,134,923 | 680,422 | 698,502 | 682,989 | 669,167 |
| Intangible Assets | 6,000 | 12,000 | 18,000 | 24,000 | ||||||||||||
| Investments & Other | 84,653 | 84,653 | 84,653 | 84,653 | 84,653 | 85,078 | 89,528 | 89,528 | 116,528 | 155,528 | 171,838 | |||||
| Debtors (Due After 1 year) | 35,745 | 41,601 | 47,457 | 50,479 | 323 | |||||||||||
| Total Fixed Assets | 2,363,165 | 2,211,414 | 2,037,430 | 1,740,513 | 1,580,573 | 1,435,859 | 1,421,282 | 1,339,146 | 1,341,057 | 1,314,413 | 1,206,623 | 1,224,451 | 775,950 | 827,030 | 856,517 | 865,005 |
| Stock & work in progress | 2,243 | 6,366 | 7,475 | 16,507 | 14,434 | 15,477 | 12,634 | 12,097 | 15,049 | 14,728 | 17,021 | 9,984 | ||||
| Trade Debtors | 9,610 | 4,220 | 59,111 | 10,856 | 30,232 | 54,119 | 44,943 | 36,767 | 24,291 | 320,338 | 258,295 | 241,460 | 331,165 | 302,276 | 424,522 | 1,743,271 |
| Group Debtors | 140,630 | 109,038 | 25,779 | |||||||||||||
| Misc Debtors | 62,967 | 52,424 | 50,856 | 91,652 | 47,571 | 51,947 | 58,930 | 237,819 | 252,817 | |||||||
| Cash | 70 | 69 | 69 | 69 | 1,065 | 5,482 | 57,017 | 5,398 | 10,617 | 3,458 | 44,963 | 86,041 | 107,914 | 146,864 | 168,347 | 2,797 |
| misc current assets | ||||||||||||||||
| total current assets | 72,647 | 56,713 | 110,036 | 102,577 | 221,741 | 226,952 | 194,144 | 296,491 | 302,159 | 339,273 | 315,892 | 339,598 | 454,128 | 463,868 | 609,890 | 1,756,052 |
| total assets | 2,435,812 | 2,268,127 | 2,147,466 | 1,843,090 | 1,802,314 | 1,662,811 | 1,615,426 | 1,635,637 | 1,643,216 | 1,653,686 | 1,522,515 | 1,564,049 | 1,230,078 | 1,290,898 | 1,466,407 | 2,621,057 |
| Bank overdraft | 163,532 | 153,833 | 162,529 | 105,128 | 35,415 | 35,567 | 5,269 | |||||||||
| Bank loan | 80,142 | 21,428 | ||||||||||||||
| Trade Creditors | 43,940 | 75,901 | 137,283 | 150,863 | 123,903 | 123,996 | 451,653 | 410,728 | 426,242 | 424,638 | 445,270 | 640,638 | 1,803,969 | |||
| Group/Directors Accounts | 39,096 | 58,356 | ||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 133,223 | 115,267 | 99,630 | 16,017 | 84,697 | 268,791 | 306,310 | 303,950 | 316,258 | |||||||
| total current liabilities | 296,755 | 269,100 | 262,159 | 165,085 | 276,155 | 463,069 | 457,173 | 472,218 | 498,610 | 451,653 | 410,728 | 426,242 | 424,638 | 445,270 | 640,638 | 1,803,969 |
| loans | 745,060 | 465,828 | 612,991 | 608,601 | 496,974 | 119,643 | ||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 656,978 | 683,560 | 437,382 | 196,553 | 11,676 | 38,511 | 12,366 | 47,436 | ||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 1,402,038 | 1,149,388 | 1,050,373 | 805,154 | 496,974 | 119,643 | 11,676 | 38,511 | 12,366 | 47,436 | ||||||
| total liabilities | 1,698,793 | 1,418,488 | 1,312,532 | 970,239 | 773,129 | 582,712 | 457,173 | 472,218 | 510,286 | 490,164 | 410,728 | 426,242 | 424,638 | 445,270 | 653,004 | 1,851,405 |
| net assets | 737,019 | 849,639 | 834,934 | 872,851 | 1,029,185 | 1,080,099 | 1,158,253 | 1,163,419 | 1,132,930 | 1,163,522 | 1,111,787 | 1,137,807 | 805,440 | 845,628 | 813,403 | 769,652 |
| total shareholders funds | 737,019 | 849,639 | 834,934 | 872,851 | 1,029,185 | 1,080,099 | 1,158,253 | 1,163,419 | 1,132,930 | 1,163,522 | 1,111,787 | 1,137,807 | 805,440 | 845,628 | 813,403 | 769,652 |
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Depreciation | 117 | 137 | 161 | 189 | 1,708 | 1,763 | 1,743 | 1,910 | 16,499 | 14,003 | 21,060 | 18,250 | 44,763 | 41,678 | 36,954 | 35,322 |
| Amortisation | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |||||||||||
| Tax | ||||||||||||||||
| Stock | -2,243 | -4,123 | -1,109 | -9,032 | 2,073 | -1,043 | 2,843 | 537 | -2,952 | 321 | -2,293 | 7,037 | 9,984 | |||
| Debtors | 10,077 | -59,179 | 4,437 | -65,446 | 3,329 | 85,452 | -144,934 | -2,522 | -43,553 | 62,366 | 16,835 | -89,705 | 28,889 | -122,246 | -1,318,749 | 1,743,271 |
| Creditors | -43,940 | -31,961 | -61,382 | -13,580 | 26,960 | -93 | -327,657 | 40,925 | -15,514 | 1,604 | -20,632 | -195,368 | -1,163,331 | 1,803,969 | ||
| Accruals and Deferred Income | 17,956 | 15,637 | 83,613 | -68,680 | -184,094 | -37,519 | 2,360 | -12,308 | 316,258 | |||||||
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | ||||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -84,653 | -425 | -4,450 | -27,000 | -39,000 | -16,310 | 171,838 | |||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | -80,142 | 58,714 | 21,428 | |||||||||||||
| Group/Directors Accounts | -39,096 | -19,260 | 58,356 | |||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | 279,232 | -147,163 | 4,390 | 111,627 | 377,331 | 119,643 | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -26,582 | 246,178 | 240,829 | 196,553 | -11,676 | -26,835 | 38,511 | -12,366 | -35,070 | 47,436 | ||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | ||||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | 1 | -996 | -4,417 | -51,535 | 51,619 | -5,219 | 7,159 | -41,505 | -41,078 | -21,873 | -38,950 | -21,483 | 165,550 | 2,797 | ||
| overdraft | 9,699 | -8,696 | 57,401 | 69,713 | -152 | 35,567 | -5,269 | 5,269 | ||||||||
| change in cash | -9,698 | 8,696 | -57,401 | -70,709 | -4,265 | -87,102 | 56,888 | -10,488 | 7,159 | -41,505 | -41,078 | -21,873 | -38,950 | -21,483 | 165,550 | 2,797 |
turk launches limited Credit Report and Business Information
Turk Launches Limited Competitor Analysis
Perform a competitor analysis for turk launches limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in N 3 area or any other competitors across 12 key performance metrics.
turk launches limited Ownership
TURK LAUNCHES LIMITED group structure
Turk Launches Limited has no subsidiary companies.
turk launches limited directors
Turk Launches Limited currently has 1 director, Mr Richard Turk serving since Oct 2005.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Turk | 45 years | Oct 2005 | - | Director |
P&L
September 2024turnover
155.7k
+14%
operating profit
-28.6k
0%
gross margin
39%
-6.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2024net assets
737k
-0.13%
total assets
2.4m
+0.07%
cash
70
+0.01%
net assets
Total assets minus all liabilities
turk launches limited company details
company number
01091058
Type
Private limited with Share Capital
industry
50300 - Inland passenger water transport
incorporation date
January 1973
age
52
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2024
previous names
p. & m. turk (launches) limited (December 1977)
accountant
-
auditor
-
address
35 ballards lane, london, N3 1XW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
turk launches 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 17 charges/mortgages relating to turk launches limited. Currently there are 5 open charges and 12 have been satisfied in the past.
turk launches 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.
Click to start generating capital raising & share issue transactions for TURK LAUNCHES LIMITED. This can take several minutes, an email will notify you when this has completed.
turk launches limited Companies House Filings - See Documents
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