ten tenths limited
ten tenths limited Company Information
Company Number
01503604
Next Accounts
Mar 2026
Shareholders
morntane ltd
nicholas berkeley mason
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
c/o ymu business management limi, 180 great portland street, london, W1W 5QZ
Website
www.tentenths.co.ukten tenths limited Estimated Valuation
Pomanda estimates the enterprise value of TEN TENTHS LIMITED at £7.4m based on a Turnover of £10.8m and 0.69x industry multiple (adjusted for size and gross margin).
ten tenths limited Estimated Valuation
Pomanda estimates the enterprise value of TEN TENTHS LIMITED at £356.1k based on an EBITDA of £70.8k and a 5.03x industry multiple (adjusted for size and gross margin).
ten tenths limited Estimated Valuation
Pomanda estimates the enterprise value of TEN TENTHS LIMITED at £0 based on Net Assets of £-4.8m and 2.13x industry multiple (adjusted for liquidity).
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Ten Tenths Limited Overview
Ten Tenths Limited is a live company located in london, W1W 5QZ with a Companies House number of 01503604. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 1980, it's largest shareholder is morntane ltd with a 100% stake. Ten Tenths Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.8m with rapid growth in recent years.
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Ten Tenths Limited Health Check
Pomanda's financial health check has awarded Ten Tenths Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £10.8m, make it larger than the average company (£4.2m)
- Ten Tenths Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 129%, show it is growing at a faster rate (9.1%)
- Ten Tenths Limited
9.1% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
- Ten Tenths Limited
38.1% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (5.5%)
- Ten Tenths Limited
5.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (25)
4 - Ten Tenths Limited
25 - Industry AVG
Pay Structure
on an average salary of £50.9k, the company has an equivalent pay structure (£50.9k)
- Ten Tenths Limited
£50.9k - Industry AVG
Efficiency
resulting in sales per employee of £2.7m, this is more efficient (£157.2k)
- Ten Tenths Limited
£157.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ten Tenths Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 190 days, this is slower than average (31 days)
- Ten Tenths Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (30 days)
- Ten Tenths Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Ten Tenths Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 122.5%, this is a higher level of debt than the average (59.8%)
122.5% - Ten Tenths Limited
59.8% - Industry AVG
TEN TENTHS LIMITED financials
Ten Tenths Limited's latest turnover from June 2024 is estimated at £10.8 million and the company has net assets of -£4.8 million. According to their latest financial statements, Ten Tenths Limited has 4 employees and maintains cash reserves of £4.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,172,560 | 14,094,925 | 14,219,892 | 14,455,184 | 5,677,146 | 770,145 | 744,200 | 419,167 | 411,066 | 418,620 | 442,819 | 442,780 | 460,680 | 5,283,994 | 5,358,876 |
| Intangible Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 433,835 | 356,562 | 480,895 | 553,125 | |||||||||||
| Total Fixed Assets | 17,172,561 | 14,094,926 | 14,219,893 | 14,455,185 | 5,677,147 | 770,146 | 744,201 | 419,168 | 411,067 | 852,456 | 799,382 | 923,675 | 1,013,805 | 5,283,994 | 5,358,876 |
| Stock & work in progress | 265 | 265 | 1,253 | 1,554 | 1,554 | 392,635 | 52,964 | 1,675 | 1,675 | 1,904 | 6,440 | 3,241 | 3,238 | 1,800 | 4,680 |
| Trade Debtors | 84,000 | 80,000 | 168,800 | 835 | 179,238 | 108,635 | 1,447 | 2,935 | 13,606 | 20,464 | 14,663 | 18,101 | 38,280 | 27,667 | |
| Group Debtors | 3,332,625 | 5,309,673 | 6,197,473 | 7,132,907 | 1,786,280 | 15,000 | 402,538 | 434,127 | |||||||
| Misc Debtors | 822,877 | 103,400 | 21,594 | 52,910 | 80,663 | 71,220 | 183,882 | 20,193 | 8,804 | ||||||
| Cash | 4,371 | 14,272 | 8,595 | 6,608 | 145,764 | 19,217 | 3,566 | 4,570 | 3,120 | 1,033 | 1,894 | 3,436 | 4,446 | 379 | 199 |
| misc current assets | |||||||||||||||
| total current assets | 4,160,138 | 201,937 | 5,421,115 | 6,427,345 | 7,361,723 | 2,448,590 | 364,047 | 430,423 | 450,661 | 16,543 | 28,798 | 21,340 | 25,785 | 40,459 | 32,546 |
| total assets | 21,332,699 | 14,296,863 | 19,641,008 | 20,882,530 | 13,038,870 | 3,218,736 | 1,108,248 | 849,591 | 861,728 | 868,999 | 828,180 | 945,015 | 1,039,590 | 5,324,453 | 5,391,422 |
| Bank overdraft | 8,322,046 | 651,569 | 2,538,487 | 642,529 | 573,011 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 3,501,707 | 185,944 | 132,719 | 116,104 | 81,239 | 87,756 | 86,489 | 71,985 | 40,555 | 65,237 | 60,391 | 34,762 | 68,531 | 81,524 | 114,366 |
| Group/Directors Accounts | 9,060,016 | 7,311,016 | 11,676,676 | 11,600,000 | 3,100,000 | 155,126 | 132,477 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,355,730 | 11,116 | 6,195 | 10,229 | 26,469 | 132,894 | 8,802 | 4,440 | 8,471 | ||||||
| total current liabilities | 24,239,499 | 8,159,645 | 14,354,077 | 12,368,862 | 3,780,719 | 375,776 | 227,768 | 76,425 | 49,026 | 65,237 | 60,391 | 34,762 | 68,531 | 81,524 | 114,366 |
| loans | 1,888,000 | 9,618,378 | 7,788,115 | 9,738,666 | 9,426,150 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 2,299,796 | 7,814,767 | 7,774,506 | ||||||||||||
| provisions | 1,207 | ||||||||||||||
| total long term liabilities | 1,888,000 | 9,618,378 | 7,788,115 | 9,738,666 | 9,426,150 | 2,299,796 | 1,207 | 7,814,767 | 7,774,506 | ||||||
| total liabilities | 26,127,499 | 17,778,023 | 22,142,192 | 22,107,528 | 13,206,869 | 2,675,572 | 227,768 | 76,425 | 49,026 | 65,237 | 60,391 | 35,969 | 68,531 | 7,896,291 | 7,888,872 |
| net assets | -4,794,800 | -3,481,160 | -2,501,184 | -1,224,998 | -167,999 | 543,164 | 880,480 | 773,166 | 812,702 | 803,762 | 767,789 | 909,046 | 971,059 | -2,571,838 | -2,497,450 |
| total shareholders funds | -4,794,800 | -3,481,160 | -2,501,184 | -1,224,998 | -167,999 | 543,164 | 880,480 | 773,166 | 812,702 | 803,762 | 767,789 | 909,046 | 971,059 | -2,571,838 | -2,497,450 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 232,967 | 148,883 | 236,963 | 184,740 | 62,700 | 15,872 | 13,129 | 10,093 | 11,426 | 15,456 | 16,368 | 22,346 | 94,670 | 88,627 | 87,057 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -988 | -301 | -391,081 | 339,671 | 51,289 | -229 | -4,536 | 3,199 | 3 | 1,438 | -2,880 | 4,680 | |||
| Debtors | 3,968,102 | -5,223,867 | -1,007,916 | -795,222 | 5,177,667 | 1,729,221 | -116,661 | -21,688 | -1,575 | 70,415 | -118,532 | -75,668 | 532,946 | 10,613 | 27,667 |
| Creditors | 3,315,763 | 53,225 | 16,615 | 34,865 | -6,517 | 1,267 | 14,504 | 31,430 | -24,682 | 4,846 | 25,629 | -33,769 | -12,993 | -32,842 | 114,366 |
| Accruals and Deferred Income | 3,344,614 | 4,921 | -4,034 | -16,240 | -106,425 | 124,092 | 4,362 | -4,031 | 8,471 | ||||||
| Deferred Taxes & Provisions | -1,207 | 1,207 | |||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,749,000 | -4,365,660 | 76,676 | 8,500,000 | 2,944,874 | 22,649 | 132,477 | ||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -7,730,378 | 1,830,263 | -1,950,551 | 312,516 | 9,426,150 | ||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -2,299,796 | 2,299,796 | -7,814,767 | 40,261 | 7,774,506 | ||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -9,901 | 5,677 | 1,987 | -139,156 | 126,547 | 15,651 | -1,004 | 1,450 | 2,087 | -861 | -1,542 | -1,010 | 4,067 | 180 | 199 |
| overdraft | 7,670,477 | -1,886,918 | 1,895,958 | 69,518 | 573,011 | ||||||||||
| change in cash | -7,680,378 | 1,892,595 | -1,893,971 | -208,674 | -446,464 | 15,651 | -1,004 | 1,450 | 2,087 | -861 | -1,542 | -1,010 | 4,067 | 180 | 199 |
ten tenths limited Credit Report and Business Information
Ten Tenths Limited Competitor Analysis
Perform a competitor analysis for ten tenths limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in W1W area or any other competitors across 12 key performance metrics.
ten tenths limited Ownership
TEN TENTHS LIMITED group structure
Ten Tenths Limited has no subsidiary companies.
ten tenths limited directors
Ten Tenths Limited currently has 2 directors. The longest serving directors include Mr Nicholas Mason (Jun 1991) and Ms Sharon Brittan (Aug 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Mason | England | 81 years | Jun 1991 | - | Director |
| Ms Sharon Brittan | England | 58 years | Aug 2006 | - | Director |
P&L
June 2024turnover
10.8m
+1363%
operating profit
-162.1k
0%
gross margin
38.1%
-0.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
-4.8m
+0.38%
total assets
21.3m
+0.49%
cash
4.4k
-0.69%
net assets
Total assets minus all liabilities
ten tenths limited company details
company number
01503604
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 1980
age
45
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
morntane racing limited (February 1985)
accountant
-
auditor
-
address
c/o ymu business management limi, 180 great portland street, london, W1W 5QZ
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
ten tenths 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 1 charges/mortgages relating to ten tenths limited. Currently there are 0 open charges and 1 have been satisfied in the past.
ten tenths 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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ten tenths limited Companies House Filings - See Documents
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