Triple T Engineering Limited

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triple t engineering limited Company Information

Company Number

01969379

Next Accounts

Sep 2025

Directors

Timothy Tarn

Marilyn Tarn

Shareholders

mr timothy paul tarn

mrs marilyn tarn

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

hackworth industrial park, shildon, co durham, DL4 1HF

Website

www.triple-t-engineering.co.uk

triple t engineering limited Estimated Valuation

£13.4m

Pomanda estimates the enterprise value of TRIPLE T ENGINEERING LIMITED at £13.4m based on Net Assets of £6.8m and 1.97x industry multiple (adjusted for liquidity).

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Triple T Engineering Limited is a live company located in co durham, DL4 1HF with a Companies House number of 01969379. It operates in the machining sector, SIC Code 25620. Founded in December 1985, it's largest shareholder is mr timothy paul tarn with a 90% stake. Triple T Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Triple T Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.4%)

EXPORT

Triple T Engineering Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £6.8 million. According to their latest financial statements, Triple T Engineering Limited has 18 employees and maintains cash reserves of £6.2 million 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	1,680,957	1,529,416	1,189,082	1,237,705	1,415,855	1,303,020	1,322,976	1,140,106	1,133,723	1,004,746	1,094,359	1,120,082	1,068,876	956,012	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,349,632	1,242,123	970,188	1,008,980	1,139,701	1,039,168	1,046,238	890,229	881,494	789,101	861,966	883,471	842,268	750,209	0
Gross Profit	331,325	287,293	218,894	228,725	276,153	263,851	276,738	249,878	252,229	215,645	232,393	236,611	226,607	205,803	0
Admin Expenses	61,315	-26,975	-253,473	-192,677	-398,133	-268,955	-199,479	153,064	-118,588	-140,748	-244,225	-422,104	-365,898	469,009	-2,847,314
Operating Profit	270,010	314,268	472,367	421,402	674,286	532,806	476,217	96,814	370,817	356,393	476,618	658,715	592,505	-263,206	2,847,314
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	315,878	196,728	13,087	4,849	33,031	29,016	17,096	7,974	15,153	13,768	12,277	9,859	6,843	6,231	3,471
Pre-Tax Profit	585,888	510,995	485,454	426,252	707,317	561,822	493,312	104,789	385,970	370,161	488,895	668,574	599,349	-256,975	2,850,785
Tax	-146,472	-97,089	-92,236	-80,988	-134,390	-106,746	-93,729	-20,958	-77,194	-77,734	-112,446	-160,458	-155,831	0	-798,220
Profit After Tax	439,416	413,906	393,218	345,264	572,927	455,076	399,583	83,831	308,776	292,427	376,449	508,116	443,518	-256,975	2,052,565
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	439,416	413,906	393,218	345,264	572,927	455,076	399,583	83,831	308,776	292,427	376,449	508,116	443,518	-256,975	2,052,565
Employee Costs	778,695	783,607	796,005	853,327	842,743	847,998	859,058	761,404	743,375	201,712	195,757	195,164	190,581	185,479	0
Number Of Employees	18	19	20	22	22	23	24	22	22	6	6	6	6	6	0
EBITDA*	290,433	335,903	497,507	443,322	695,544	552,420	497,499	120,378	396,142	391,714	515,362	699,549	627,537	-230,614	2,863,487

* 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	514,846	477,719	493,433	515,916	496,570	497,053	504,911	523,967	545,881	560,514	595,835	630,034	657,694	573,282	592,034
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	514,846	477,719	493,433	515,916	496,570	497,053	504,911	523,967	545,881	560,514	595,835	630,034	657,694	573,282	592,034
Stock & work in progress	61,911	63,147	57,646	61,433	51,161	40,217	40,918	32,699	20,565	19,020	20,874	23,135	23,830	22,500	45,768
Trade Debtors	468,092	445,431	286,370	281,349	353,146	315,734	345,083	279,218	256,842	298,740	321,483	291,436	341,734	353,365	179,254
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	6,246,748	5,786,707	5,454,865	5,015,062	4,683,653	4,124,587	3,612,960	3,225,284	3,154,256	2,906,923	2,600,283	2,310,445	1,633,160	1,104,152	1,388,432
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,776,751	6,295,285	5,798,881	5,357,844	5,087,960	4,480,538	3,998,961	3,537,201	3,431,663	3,224,683	2,942,640	2,625,016	1,998,724	1,480,017	1,613,454
total assets	7,291,597	6,773,004	6,292,314	5,873,760	5,584,530	4,977,591	4,503,872	4,061,168	3,977,544	3,785,197	3,538,475	3,255,050	2,656,418	2,053,299	2,205,488
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	404,769	335,015	264,475	245,362	305,267	271,399	251,552	205,164	199,606	313,690	351,909	430,307	337,691	184,538	80,403
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	404,769	335,015	264,475	245,362	305,267	271,399	251,552	205,164	199,606	313,690	351,909	430,307	337,691	184,538	80,403
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	48,731	39,308	43,064	36,841	32,970	32,826	34,030	37,297	43,062	45,407	52,893	67,519	69,619	63,171	62,520
total long term liabilities	48,731	39,308	43,064	36,841	32,970	32,826	34,030	37,297	43,062	45,407	52,893	67,519	69,619	63,171	62,520
total liabilities	453,500	374,323	307,539	282,203	338,237	304,225	285,582	242,461	242,668	359,097	404,802	497,826	407,310	247,709	142,923
net assets	6,838,097	6,398,681	5,984,775	5,591,557	5,246,293	4,673,366	4,218,290	3,818,707	3,734,876	3,426,100	3,133,673	2,757,224	2,249,108	1,805,590	2,062,565
total shareholders funds	6,838,097	6,398,681	5,984,775	5,591,557	5,246,293	4,673,366	4,218,290	3,818,707	3,734,876	3,426,100	3,133,673	2,757,224	2,249,108	1,805,590	2,062,565

	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	270,010	314,268	472,367	421,402	674,286	532,806	476,217	96,814	370,817	356,393	476,618	658,715	592,505	-263,206	2,847,314
Depreciation	20,423	21,635	25,140	21,920	21,258	19,614	21,282	23,564	25,325	35,321	38,744	40,834	35,032	32,592	16,173
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-146,472	-97,089	-92,236	-80,988	-134,390	-106,746	-93,729	-20,958	-77,194	-77,734	-112,446	-160,458	-155,831	0	-798,220
Stock	-1,236	5,501	-3,787	10,272	10,944	-701	8,219	12,134	1,545	-1,854	-2,261	-695	1,330	-23,268	45,768
Debtors	22,661	159,061	5,021	-71,797	37,412	-29,349	65,865	22,376	-41,898	-22,743	30,047	-50,298	-11,631	174,111	179,254
Creditors	69,754	70,540	19,113	-59,905	33,868	19,847	46,388	5,558	-114,084	-38,219	-78,398	92,616	153,153	104,135	80,403
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	9,423	-3,756	6,223	3,871	144	-1,204	-3,267	-5,765	-2,345	-7,486	-14,626	-2,100	6,448	651	62,520
Cash flow from operations	201,713	141,036	429,373	367,825	546,810	494,367	372,807	64,703	242,872	292,872	282,106	680,600	641,608	-276,671	1,983,168
Investing Activities
capital expenditure	-57,550	-5,921	-2,657	-41,266	-20,775	-11,756	-2,226	-1,650	-10,692	0	-4,545	-13,174	-119,444	-13,840	-608,207
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-57,550	-5,921	-2,657	-41,266	-20,775	-11,756	-2,226	-1,650	-10,692	0	-4,545	-13,174	-119,444	-13,840	-608,207
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	315,878	196,728	13,087	4,849	33,031	29,016	17,096	7,974	15,153	13,768	12,277	9,859	6,843	6,231	3,471
cash flow from financing	315,878	196,728	13,087	4,849	33,031	29,016	17,096	7,974	15,153	13,768	12,277	9,859	6,843	6,231	13,471
cash and cash equivalents
cash	460,041	331,842	439,803	331,409	559,066	511,627	387,676	71,028	247,333	306,640	289,838	677,285	529,008	-284,280	1,388,432
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	460,041	331,842	439,803	331,409	559,066	511,627	387,676	71,028	247,333	306,640	289,838	677,285	529,008	-284,280	1,388,432

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TRIPLE T ENGINEERING LIMITED group structure

Triple T Engineering Limited has no subsidiary companies.

Ultimate parent company

TRIPLE T ENGINEERING LIMITED

01969379

TRIPLE T ENGINEERING LIMITED Shareholders

mr timothy paul tarn	90%
mrs marilyn tarn	10%

Triple T Engineering Limited currently has 2 directors. The longest serving directors include Mr Timothy Tarn (Feb 1991) and Mrs Marilyn Tarn (Feb 1991).

officer	country	age	start	end	role
Mr Timothy Tarn	England	73 years	Feb 1991	-	Director
Mrs Marilyn Tarn	England	71 years	Feb 1991	-	Director

P&L

December 2023

turnover

1.7m

+10%

operating profit

270k

gross margin

19.8%

+4.93%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

6.8m

+0.07%

total assets

7.3m

+0.08%

cash

6.2m

+0.08%

net assets

Total assets minus all liabilities

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company number

01969379

Type

Private limited with Share Capital

industry

25620 - Machining

32990 - Other manufacturing n.e.c.

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

December 1985

ultimate parent company

None

previous names

chelboe limited (January 1986)

address

hackworth industrial park, shildon, co durham, DL4 1HF

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 3 charges/mortgages relating to triple t engineering limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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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triple t engineering limited Company Information

triple t engineering limited Estimated Valuation

triple t engineering limited Estimated Valuation

triple t engineering limited Estimated Valuation

Triple T Engineering Limited Overview

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