tssi recruit limited
tssi recruit limited Company Information
Company Number
01314725
Registered Address
6-7 st. john's lane, london, EC1M 4BJ
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
technical recruitment services limited 100%
tssi recruit limited Estimated Valuation
Pomanda estimates the enterprise value of TSSI RECRUIT LIMITED at £3.6m based on a Turnover of £22.8m and 0.16x industry multiple (adjusted for size and gross margin).
tssi recruit limited Estimated Valuation
Pomanda estimates the enterprise value of TSSI RECRUIT LIMITED at £0 based on an EBITDA of £-17k and a 2.85x industry multiple (adjusted for size and gross margin).
tssi recruit limited Estimated Valuation
Pomanda estimates the enterprise value of TSSI RECRUIT LIMITED at £914k based on Net Assets of £531.7k and 1.72x industry multiple (adjusted for liquidity).
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Tssi Recruit Limited Overview
Tssi Recruit Limited is a live company located in london, EC1M 4BJ with a Companies House number of 01314725. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in May 1977, it's largest shareholder is technical recruitment services limited with a 100% stake. Tssi Recruit Limited is a mature, large sized company, Pomanda has estimated its turnover at £22.8m with rapid growth in recent years.
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Tssi Recruit Limited Health Check
Pomanda's financial health check has awarded Tssi Recruit Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £22.8m, make it larger than the average company (£5.9m)
£22.8m - Tssi Recruit Limited
£5.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 151%, show it is growing at a faster rate (3.8%)
- Tssi Recruit Limited
3.8% - Industry AVG
Production
with a gross margin of 6.1%, this company has a higher cost of product (25.2%)
6.1% - Tssi Recruit Limited
25.2% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (4.7%)
-0.1% - Tssi Recruit Limited
4.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (32)
15 - Tssi Recruit Limited
32 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
- Tssi Recruit Limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£147.3k)
£1.5m - Tssi Recruit Limited
£147.3k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (47 days)
40 days - Tssi Recruit Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (8 days)
0 days - Tssi Recruit Limited
8 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tssi Recruit Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Tssi Recruit Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.6%, this is a higher level of debt than the average (66%)
82.6% - Tssi Recruit Limited
66% - Industry AVG
TSSI RECRUIT LIMITED financials
Tssi Recruit Limited's latest turnover from March 2023 is £22.8 million and the company has net assets of £531.7 thousand. According to their latest financial statements, Tssi Recruit Limited has 15 employees and maintains cash reserves of £4.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,818,276 | 21,264,933 | 20,605,385 | 2,917,202 | 4,134,940 | 4,556,697 | 3,570,935 | 1,193,787 | 661,715 | 1,327,766 | 2,197,232 | 2,671,646 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 21,428,671 | 19,797,234 | 18,780,967 | 2,666,535 | 3,672,563 | 4,117,066 | 3,169,303 | 1,062,882 | 627,264 | 1,205,160 | 2,046,683 | 2,408,886 | ||
| Gross Profit | 1,389,605 | 1,467,699 | 1,824,418 | 250,667 | 462,377 | 439,631 | 401,632 | 130,905 | 34,451 | 122,606 | 150,549 | 262,760 | ||
| Admin Expenses | 1,408,726 | 1,328,249 | 1,530,503 | 309,061 | 476,588 | 467,801 | 632,942 | 441,557 | 285,087 | 251,046 | ||||
| Operating Profit | -19,121 | 139,450 | 293,915 | -58,394 | -14,211 | -28,170 | -231,310 | -310,652 | -250,636 | 11,714 | ||||
| Interest Payable | 0 | 0 | 15,500 | 0 | 0 | 0 | 2,665 | 0 | 5,497 | 0 | ||||
| Interest Receivable | 61,451 | 0 | 0 | 0 | 0 | 3,256 | 4,632 | 373 | 0 | 0 | 0 | 109 | ||
| Pre-Tax Profit | 42,330 | 139,450 | 278,415 | -58,394 | -97,634 | -31,426 | -226,678 | -251,965 | -250,636 | -65,990 | -79,858 | 11,823 | ||
| Tax | -11,400 | -26,304 | -33,799 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,426 | -3,129 | ||
| Profit After Tax | 30,930 | 113,146 | 244,616 | -58,394 | -97,634 | -31,426 | -226,678 | -251,965 | -250,636 | -65,990 | -56,432 | 8,694 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 30,930 | 113,146 | 244,616 | -58,394 | -97,634 | -31,426 | -226,678 | -251,965 | -250,636 | -65,990 | -56,432 | 8,694 | ||
| Employee Costs | 180,039 | 316,869 | 147,175 | 1,279,797 | 2,083,023 | |||||||||
| Number Of Employees | 15 | 15 | 16 | 10 | 6 | 4 | 4 | 4 | ||||||
| EBITDA* | -16,968 | 140,985 | 293,915 | -57,890 | -12,542 | -26,249 | -229,487 | -309,091 | -249,948 | 17,021 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,386 | 8,305 | 6,082 | 0 | 841 | 1,069 | 1,573 | 3,242 | 3,284 | 5,107 | 5,525 | 65 | 262 | 7,011 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 200 | 200 | 27,465 | 27,465 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,386 | 8,305 | 6,082 | 0 | 841 | 1,069 | 1,773 | 3,442 | 30,749 | 32,572 | 5,525 | 65 | 262 | 7,011 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,547,401 | 2,813,470 | 2,024,874 | 0 | 2,929,779 | 1,404,659 | 1,085,934 | 1,095,913 | 1,002,241 | 358,127 | 27,803 | 142,676 | 232,514 | 314,533 |
| Group Debtors | 394,260 | 208,200 | 144,200 | 81,000 | 0 | 0 | 657,567 | 798,585 | 0 | 0 | 33,848 | 203,561 | 213,942 | 58,998 |
| Misc Debtors | 102,658 | 16,605 | 67,425 | 3,158,005 | 862,634 | 67,031 | 9,382 | 3,850 | 23,830 | 43,551 | 51,323 | 55,216 | 79,027 | 103,042 |
| Cash | 4,919 | 7,073 | 99,214 | 6,729 | 19,779 | 23,320 | 41,538 | 52,578 | 40,488 | 69,002 | 25,138 | 34,731 | 51,675 | 155,840 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 42,478 | 40,848 | 19,961 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,049,238 | 3,045,348 | 2,335,713 | 3,245,734 | 3,812,192 | 1,537,488 | 1,835,269 | 1,970,887 | 1,066,559 | 470,680 | 138,112 | 436,184 | 577,158 | 632,413 |
| total assets | 3,056,624 | 3,053,653 | 2,341,795 | 3,245,734 | 3,813,033 | 1,538,557 | 1,837,042 | 1,974,329 | 1,097,308 | 503,252 | 143,637 | 436,249 | 577,420 | 639,424 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,904,660 | 879,042 | 458,766 | 526,853 | 548,020 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 36,106 | 32,947 | 53,156 | 47,676 | 78,291 | 270,580 | 204,295 | 164,114 | 152,024 | 102,977 | 19,164 | 28,347 | 46,795 | 67,207 |
| Group/Directors Accounts | 329,414 | 312,511 | 225,623 | 784,410 | 1,249,022 | 0 | 1,640,776 | 1,657,972 | 721,113 | 503,773 | 0 | 0 | 0 | 0 |
| other short term finances | 1,844,703 | 2,085,777 | 1,358,014 | 1,905,982 | 0 | 481,922 | 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 | 314,668 | 121,615 | 317,345 | 364,625 | 536,466 | 9,042 | 8,484 | 11,123 | 58,006 | 51,679 | 27,685 | 60,478 | 117,211 | 102,371 |
| total current liabilities | 2,524,891 | 2,552,850 | 1,954,138 | 3,102,693 | 3,768,439 | 1,640,586 | 2,312,321 | 2,360,062 | 1,479,163 | 658,429 | 46,849 | 88,825 | 164,006 | 169,578 |
| 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 | 17,701 | 35,636 | 27,548 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 732 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 732 | 17,701 | 35,636 | 27,548 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,524,891 | 2,552,850 | 1,954,138 | 3,102,693 | 3,769,171 | 1,658,287 | 2,347,957 | 2,387,610 | 1,479,163 | 658,429 | 46,849 | 88,825 | 164,006 | 169,578 |
| net assets | 531,733 | 500,803 | 387,657 | 143,041 | 43,862 | -119,730 | -510,915 | -413,281 | -381,855 | -155,177 | 96,788 | 347,424 | 413,414 | 469,846 |
| total shareholders funds | 531,733 | 500,803 | 387,657 | 143,041 | 43,862 | -119,730 | -510,915 | -413,281 | -381,855 | -155,177 | 96,788 | 347,424 | 413,414 | 469,846 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -19,121 | 139,450 | 293,915 | -58,394 | -14,211 | -28,170 | -231,310 | -310,652 | -250,636 | 11,714 | ||||
| Depreciation | 2,153 | 1,535 | 0 | 0 | 228 | 504 | 1,669 | 1,921 | 1,823 | 1,561 | 688 | 197 | 399 | 5,307 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -11,400 | -26,304 | -33,799 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,426 | -3,129 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,044 | 801,776 | -1,002,506 | -553,408 | 3,792,413 | -426,658 | -145,465 | 872,277 | 624,393 | 288,704 | -288,479 | -124,030 | 48,910 | 476,573 |
| Creditors | 3,159 | -20,209 | 5,480 | -30,615 | 78,291 | 106,466 | 40,181 | 12,090 | 49,047 | 83,813 | -9,183 | -18,448 | -20,412 | 67,207 |
| Accruals and Deferred Income | 193,053 | -195,730 | -47,280 | -171,841 | 536,466 | -11,928 | 5,449 | -19,335 | 6,327 | 23,994 | -32,793 | -56,733 | 14,840 | 102,371 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -732 | 732 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 161,800 | -903,034 | 1,220,822 | 463,306 | 178,553 | -905,771 | -798,506 | -489,988 | -3,445 | -293,103 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -200 | 0 | -27,265 | 0 | 27,465 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 16,903 | 86,888 | -558,787 | -464,612 | 1,249,022 | -1,657,972 | -17,196 | 936,859 | 217,340 | 503,773 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -241,074 | 727,763 | -547,968 | 1,905,982 | 0 | 481,922 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 61,451 | 0 | -15,500 | 0 | 3,256 | 373 | -2,665 | 0 | -5,497 | 109 | ||||
| cash flow from financing | -162,720 | 814,651 | -1,122,255 | -17,196 | 940,115 | 504,146 | -2,665 | 0 | -5,497 | 461,261 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,154 | -92,141 | 92,485 | -13,050 | 19,779 | -29,258 | -11,040 | 12,090 | -28,514 | 43,864 | -9,593 | -16,944 | -104,165 | 155,840 |
| overdraft | 0 | 0 | 0 | -1,904,660 | 1,904,660 | 352,189 | -68,087 | -21,167 | 548,020 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,154 | -92,141 | 92,485 | 1,891,610 | -1,884,881 | -381,447 | 57,047 | 33,257 | -576,534 | 43,864 | -9,593 | -16,944 | -104,165 | 155,840 |
tssi recruit limited Credit Report and Business Information
Tssi Recruit Limited Competitor Analysis
Perform a competitor analysis for tssi recruit limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC1M area or any other competitors across 12 key performance metrics.
tssi recruit limited Ownership
TSSI RECRUIT LIMITED group structure
Tssi Recruit Limited has no subsidiary companies.
tssi recruit limited directors
Tssi Recruit Limited currently has 2 directors. The longest serving directors include Mr Nipam Patel (Dec 2017) and Mr Warren Ajoodha (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nipam Patel | England | 48 years | Dec 2017 | - | Director |
| Mr Warren Ajoodha | England | 40 years | Jan 2024 | - | Director |
P&L
March 2023turnover
22.8m
+7%
operating profit
-19.1k
-114%
gross margin
6.1%
-11.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
531.7k
+0.06%
total assets
3.1m
0%
cash
4.9k
-0.3%
net assets
Total assets minus all liabilities
tssi recruit limited company details
company number
01314725
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
May 1977
age
47
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
technical support services international limited (March 2024)
interlord limited (April 2001)
accountant
-
auditor
SAFFERY LLP
address
6-7 st. john's lane, london, EC1M 4BJ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
tssi recruit 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 6 charges/mortgages relating to tssi recruit limited. Currently there are 4 open charges and 2 have been satisfied in the past.
tssi recruit limited Companies House Filings - See Documents
| date | description | view/download |
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