the thermal spraying and surface engineering association limited
the thermal spraying and surface engineering association limited Company Information
Group Structure
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Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
+1Registered Address
38 lawford lane, bilton, rugby, warwickshire, CV22 7JP
Website
www.tssea.co.ukthe thermal spraying and surface engineering association limited Estimated Valuation
Pomanda estimates the enterprise value of THE THERMAL SPRAYING AND SURFACE ENGINEERING ASSOCIATION LIMITED at £6.1k based on a Turnover of £11.6k and 0.52x industry multiple (adjusted for size and gross margin).
the thermal spraying and surface engineering association limited Estimated Valuation
Pomanda estimates the enterprise value of THE THERMAL SPRAYING AND SURFACE ENGINEERING ASSOCIATION LIMITED at £3.1k based on an EBITDA of £968 and a 3.2x industry multiple (adjusted for size and gross margin).
the thermal spraying and surface engineering association limited Estimated Valuation
Pomanda estimates the enterprise value of THE THERMAL SPRAYING AND SURFACE ENGINEERING ASSOCIATION LIMITED at £10.5k based on Net Assets of £4.6k and 2.27x industry multiple (adjusted for liquidity).
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The Thermal Spraying And Surface Engineering Association Limited Overview
The Thermal Spraying And Surface Engineering Association Limited is a live company located in rugby, CV22 7JP with a Companies House number of 01854890. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in October 1984, it's largest shareholder is unknown. The Thermal Spraying And Surface Engineering Association Limited is a mature, micro sized company, Pomanda has estimated its turnover at £11.6k with declining growth in recent years.
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The Thermal Spraying And Surface Engineering Association Limited Health Check
Pomanda's financial health check has awarded The Thermal Spraying And Surface Engineering Association Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £11.6k, make it smaller than the average company (£1.9m)
- The Thermal Spraying And Surface Engineering Association Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (6%)
- The Thermal Spraying And Surface Engineering Association Limited
6% - Industry AVG
Production
with a gross margin of 57.2%, this company has a comparable cost of product (57.2%)
- The Thermal Spraying And Surface Engineering Association Limited
57.2% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (3.9%)
- The Thermal Spraying And Surface Engineering Association Limited
3.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
- The Thermal Spraying And Surface Engineering Association Limited
18 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)
- The Thermal Spraying And Surface Engineering Association Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £11.6k, this is less efficient (£119.1k)
- The Thermal Spraying And Surface Engineering Association Limited
£119.1k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (39 days)
- The Thermal Spraying And Surface Engineering Association Limited
39 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- The Thermal Spraying And Surface Engineering Association Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Thermal Spraying And Surface Engineering Association Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 98 weeks, this is more cash available to meet short term requirements (63 weeks)
98 weeks - The Thermal Spraying And Surface Engineering Association Limited
63 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.9%, this is a lower level of debt than the average (39.9%)
25.9% - The Thermal Spraying And Surface Engineering Association Limited
39.9% - Industry AVG
THE THERMAL SPRAYING AND SURFACE ENGINEERING ASSOCIATION LIMITED financials
The Thermal Spraying And Surface Engineering Association Limited's latest turnover from December 2023 is estimated at £11.6 thousand and the company has net assets of £4.6 thousand. According to their latest financial statements, we estimate that The Thermal Spraying And Surface Engineering Association Limited has 1 employee and maintains cash reserves of £3 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 | |||||||||||||||
| 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 | |||||||||||||||
| EBITDA* |
* 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,134 | 1,342 | 1,384 | 1,167 | 1,325 | 1,350 | 940 | 975 | 1,315 | ||||||
| Total Fixed Assets | 1,134 | 1,342 | 1,384 | 1,167 | 1,325 | 1,350 | 940 | 975 | 1,315 | ||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,259 | 9,654 | 12,662 | 15,572 | 12,803 | 9,662 | 10,885 | 11,993 | 12,536 | 18,609 | 19,151 | 18,478 | 15,623 | 15,473 | 9,253 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 779 | 1,077 | 910 | 928 | 941 | 41 | 3,702 | 39 | 39 | ||||||
| Cash | 3,037 | 5,221 | 2,764 | 2,627 | 3,171 | 4,890 | 4,072 | 8,479 | 4,993 | 3,251 | 3,030 | 3,777 | 4,413 | 1,766 | 2,617 |
| misc current assets | |||||||||||||||
| total current assets | 5,075 | 15,952 | 16,336 | 19,127 | 16,915 | 14,593 | 18,659 | 20,511 | 17,568 | 21,860 | 22,181 | 22,255 | 20,036 | 17,239 | 11,870 |
| total assets | 6,209 | 17,294 | 17,720 | 20,294 | 18,240 | 15,943 | 19,599 | 21,486 | 18,883 | 21,860 | 22,181 | 22,255 | 20,036 | 17,239 | 11,870 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 600 | 715 | 1,183 | 17,041 | 18,395 | 19,015 | 15,584 | 15,146 | 15,966 | ||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,610 | 12,984 | 14,190 | 15,842 | 13,737 | 12,333 | 14,170 | 15,034 | 14,714 | ||||||
| total current liabilities | 1,610 | 13,584 | 14,190 | 15,842 | 14,452 | 12,333 | 14,170 | 16,217 | 14,714 | 17,041 | 18,395 | 19,015 | 15,584 | 15,146 | 15,966 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 1,610 | 13,584 | 14,190 | 15,842 | 14,452 | 12,333 | 14,170 | 16,217 | 14,714 | 17,041 | 18,395 | 19,015 | 15,584 | 15,146 | 15,966 |
| net assets | 4,599 | 3,710 | 3,530 | 4,452 | 3,788 | 3,610 | 5,429 | 5,269 | 4,169 | 4,819 | 3,786 | 3,240 | 4,452 | 2,093 | -4,096 |
| total shareholders funds | 4,599 | 3,710 | 3,530 | 4,452 | 3,788 | 3,610 | 5,429 | 5,269 | 4,169 | 4,819 | 3,786 | 3,240 | 4,452 | 2,093 | -4,096 |
| 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 | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -8,901 | -2,883 | -2,711 | 2,598 | 4,016 | -4,474 | 2,520 | -883 | -4,719 | -542 | 673 | 2,855 | 150 | 6,220 | 9,253 |
| Creditors | -600 | 600 | -715 | 715 | -1,183 | 1,183 | -17,041 | -1,354 | -620 | 3,431 | 438 | -820 | 15,966 | ||
| Accruals and Deferred Income | -11,374 | -1,206 | -1,652 | 2,105 | 1,404 | -1,837 | -864 | 320 | 14,714 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -2,184 | 2,457 | 137 | -544 | -1,719 | 818 | -4,407 | 3,486 | 1,742 | 221 | -747 | -636 | 2,647 | -851 | 2,617 |
| overdraft | |||||||||||||||
| change in cash | -2,184 | 2,457 | 137 | -544 | -1,719 | 818 | -4,407 | 3,486 | 1,742 | 221 | -747 | -636 | 2,647 | -851 | 2,617 |
the thermal spraying and surface engineering association limited Credit Report and Business Information
The Thermal Spraying And Surface Engineering Association Limited Competitor Analysis
Perform a competitor analysis for the thermal spraying and surface engineering association limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CV22 area or any other competitors across 12 key performance metrics.
the thermal spraying and surface engineering association limited Ownership
THE THERMAL SPRAYING AND SURFACE ENGINEERING ASSOCIATION LIMITED group structure
The Thermal Spraying And Surface Engineering Association Limited has no subsidiary companies.
Ultimate parent company
THE THERMAL SPRAYING AND SURFACE ENGINEERING ASSOCIATION LIMITED
01854890
the thermal spraying and surface engineering association limited directors
The Thermal Spraying And Surface Engineering Association Limited currently has 2 directors. The longest serving directors include Mr Stephen Bomford (Aug 2009) and Mr Michael Bignell (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Bomford | United Kingdom | 63 years | Aug 2009 | - | Director |
| Mr Michael Bignell | England | 66 years | Jun 2017 | - | Director |
P&L
December 2023turnover
11.6k
-82%
operating profit
968.6
0%
gross margin
57.3%
-2.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.6k
+0.24%
total assets
6.2k
-0.64%
cash
3k
-0.42%
net assets
Total assets minus all liabilities
Similar Companies
the thermal spraying and surface engineering association limited company details
company number
01854890
Type
Private Ltd By Guarantee w/o Share Cap
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
94120 - Activities of professional membership organisations
incorporation date
October 1984
age
41
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
the thermal spraying association ltd (January 1998)
association of metal sprayers limited (October 1994)
accountant
-
auditor
-
address
38 lawford lane, bilton, rugby, warwickshire, CV22 7JP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the thermal spraying and surface engineering association 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 did not find charges/mortgages relating to the thermal spraying and surface engineering association limited.
the thermal spraying and surface engineering association 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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the thermal spraying and surface engineering association limited Companies House Filings - See Documents
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