technical fibre products limited
technical fibre products limited Company Information
Company Number
02053047
Website
http://tfpglobal.comRegistered Address
burneside, kendal, cumbria, LA9 6PZ
Industry
Other manufacturing n.e.c.
Telephone
01539818220
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
james cropper plc 78.6%
melmore company ltd 21.4%
technical fibre products limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL FIBRE PRODUCTS LIMITED at £32m based on a Turnover of £27.9m and 1.15x industry multiple (adjusted for size and gross margin).
technical fibre products limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL FIBRE PRODUCTS LIMITED at £49.9m based on an EBITDA of £6.7m and a 7.44x industry multiple (adjusted for size and gross margin).
technical fibre products limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL FIBRE PRODUCTS LIMITED at £18.9m based on Net Assets of £9.2m and 2.05x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Technical Fibre Products Limited Overview
Technical Fibre Products Limited is a live company located in cumbria, LA9 6PZ with a Companies House number of 02053047. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 1986, it's largest shareholder is james cropper plc with a 78.6% stake. Technical Fibre Products Limited is a mature, large sized company, Pomanda has estimated its turnover at £27.9m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Technical Fibre Products Limited Health Check
Pomanda's financial health check has awarded Technical Fibre Products Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £27.9m, make it larger than the average company (£13.7m)
£27.9m - Technical Fibre Products Limited
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.4%)
2% - Technical Fibre Products Limited
4.4% - Industry AVG
Production
with a gross margin of 29.2%, this company has a comparable cost of product (29.2%)
29.2% - Technical Fibre Products Limited
29.2% - Industry AVG
Profitability
an operating margin of 20.6% make it more profitable than the average company (6.1%)
20.6% - Technical Fibre Products Limited
6.1% - Industry AVG
Employees
with 117 employees, this is above the industry average (74)
117 - Technical Fibre Products Limited
74 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has a higher pay structure (£40.4k)
£51.5k - Technical Fibre Products Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £238.1k, this is more efficient (£175.9k)
£238.1k - Technical Fibre Products Limited
£175.9k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (56 days)
54 days - Technical Fibre Products Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (44 days)
29 days - Technical Fibre Products Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 79 days, this is in line with average (71 days)
79 days - Technical Fibre Products Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Technical Fibre Products Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.6%, this is a higher level of debt than the average (50.3%)
79.6% - Technical Fibre Products Limited
50.3% - Industry AVG
TECHNICAL FIBRE PRODUCTS LIMITED financials
Technical Fibre Products Limited's latest turnover from April 2023 is £27.9 million and the company has net assets of £9.2 million. According to their latest financial statements, Technical Fibre Products Limited has 117 employees and maintains cash reserves of £133 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 27,859,000 | 26,080,000 | 24,570,000 | 26,536,000 | 23,485,000 | 22,230,000 | 18,390,000 | 16,588,000 | 12,576,000 | 10,546,000 | 10,542,000 | 10,100,000 | 11,690,000 | 8,285,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 5,746,000 | 7,152,000 | 6,482,000 | 7,753,000 | 7,988,000 | 6,699,000 | 6,110,000 | 6,433,000 | 3,074,000 | 1,536,000 | 1,738,000 | 963,000 | 2,518,000 | 1,297,000 |
| Interest Payable | 439,000 | 372,000 | 871,000 | 934,000 | 265,000 | 251,000 | 224,000 | 304,000 | 234,000 | 236,000 | 283,000 | 200,000 | 145,000 | 133,000 |
| Interest Receivable | 0 | 0 | 297,000 | 343,000 | 164,000 | 218,000 | 163,000 | 173,000 | 134,000 | 110,000 | 88,000 | 81,000 | 86,000 | 2,000 |
| Pre-Tax Profit | 5,307,000 | 6,780,000 | 5,908,000 | 7,162,000 | 7,887,000 | 6,666,000 | 6,049,000 | 6,302,000 | 2,974,000 | 1,410,000 | 1,543,000 | 844,000 | 2,459,000 | 1,166,000 |
| Tax | -445,000 | -804,000 | -524,000 | -1,008,000 | 63,000 | -78,000 | -657,000 | -1,326,000 | -312,000 | -110,000 | -147,000 | -455,000 | -226,000 | 45,000 |
| Profit After Tax | 4,862,000 | 5,976,000 | 5,384,000 | 6,154,000 | 7,950,000 | 6,588,000 | 5,392,000 | 4,976,000 | 2,662,000 | 1,300,000 | 1,396,000 | 389,000 | 2,233,000 | 1,211,000 |
| Dividends Paid | 6,000,000 | 6,000,000 | 5,500,000 | 6,000,000 | 6,000,000 | 5,000,000 | 3,500,000 | 2,500,000 | 2,000,000 | 1,000,000 | 1,700,000 | 0 | 1,500,000 | 1,300,000 |
| Retained Profit | -1,138,000 | -24,000 | -116,000 | 154,000 | 1,950,000 | 1,588,000 | 1,892,000 | 2,476,000 | 662,000 | 300,000 | -304,000 | 389,000 | 733,000 | -89,000 |
| Employee Costs | 6,024,000 | 5,124,000 | 6,381,000 | 4,432,000 | 3,955,000 | 3,842,000 | 3,675,000 | 3,606,000 | 3,133,000 | 2,902,000 | 2,683,000 | 2,734,000 | 2,522,000 | 2,331,000 |
| Number Of Employees | 117 | 108 | 125 | 117 | 88 | 89 | 87 | 82 | 74 | 75 | 76 | 81 | 79 | 78 |
| EBITDA* | 6,704,000 | 7,873,000 | 7,444,000 | 8,727,000 | 8,562,000 | 7,230,000 | 6,631,000 | 6,780,000 | 3,441,000 | 1,903,000 | 2,177,000 | 1,403,000 | 2,964,000 | 1,742,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,582,000 | 13,161,000 | 16,302,000 | 16,475,000 | 5,903,000 | 5,717,000 | 6,170,000 | 5,706,000 | 3,905,000 | 3,007,000 | 3,169,000 | 3,174,000 | 3,621,000 | 3,545,000 |
| Intangible Assets | 0 | 0 | 2,197,000 | 10,000 | 23,000 | 36,000 | 32,000 | 43,000 | 56,000 | 70,000 | 106,000 | 81,000 | 75,000 | 0 |
| Investments & Other | 23,801,000 | 2,589,000 | 0 | 0 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 36,383,000 | 15,750,000 | 18,499,000 | 16,485,000 | 5,927,000 | 5,754,000 | 6,203,000 | 5,750,000 | 3,962,000 | 3,078,000 | 3,276,000 | 3,256,000 | 3,696,000 | 3,545,000 |
| Stock & work in progress | 4,288,000 | 4,056,000 | 3,729,000 | 2,835,000 | 2,779,000 | 2,663,000 | 2,286,000 | 1,616,000 | 1,396,000 | 1,357,000 | 1,211,000 | 1,508,000 | 1,823,000 | 1,491,000 |
| Trade Debtors | 4,127,000 | 3,588,000 | 3,986,000 | 5,271,000 | 1,638,000 | 1,556,000 | 569,000 | 1,186,000 | 1,179,000 | 976,000 | 733,000 | 969,000 | 1,772,000 | 1,754,000 |
| Group Debtors | 0 | 20,208,000 | 18,200,000 | 18,441,000 | 22,972,000 | 16,056,000 | 17,946,000 | 13,900,000 | 11,154,000 | 10,538,000 | 10,802,000 | 9,502,000 | 7,838,000 | 5,352,000 |
| Misc Debtors | 131,000 | 154,000 | 268,000 | 249,000 | 120,000 | 105,000 | 3,071,000 | 849,000 | 94,000 | 161,000 | 124,000 | 102,000 | 93,000 | 246,000 |
| Cash | 133,000 | 96,000 | 3,981,000 | 2,002,000 | 968,000 | 2,081,000 | 1,143,000 | 1,198,000 | 252,000 | 214,000 | 83,000 | 115,000 | 120,000 | 34,000 |
| misc current assets | 0 | 0 | 0 | 0 | 329,000 | 120,000 | 0 | 0 | 0 | 0 | 0 | 20,000 | 0 | 0 |
| total current assets | 8,679,000 | 28,102,000 | 30,164,000 | 28,798,000 | 28,806,000 | 22,581,000 | 25,015,000 | 18,749,000 | 14,075,000 | 13,246,000 | 12,953,000 | 12,216,000 | 11,646,000 | 8,877,000 |
| total assets | 45,062,000 | 43,852,000 | 48,663,000 | 45,283,000 | 34,733,000 | 28,335,000 | 31,218,000 | 24,499,000 | 18,037,000 | 16,324,000 | 16,229,000 | 15,472,000 | 15,342,000 | 12,422,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 0 | 0 | 0 | 0 |
| Bank loan | 7,538,000 | 9,071,000 | 7,608,000 | 3,008,000 | 0 | 10,000 | 10,000 | 2,132,000 | 9,000 | 0 | 1,642,000 | 0 | 0 | 1,669,000 |
| Trade Creditors | 1,582,000 | 1,466,000 | 1,618,000 | 1,216,000 | 1,250,000 | 739,000 | 1,654,000 | 763,000 | 557,000 | 531,000 | 469,000 | 315,000 | 502,000 | 411,000 |
| Group/Directors Accounts | 20,050,000 | 16,899,000 | 21,435,000 | 14,546,000 | 17,463,000 | 15,214,000 | 16,133,000 | 12,930,000 | 9,919,000 | 7,530,000 | 10,199,000 | 9,511,000 | 3,000,000 | 3,000,000 |
| other short term finances | 0 | 0 | 0 | 7,607,000 | 0 | 0 | 0 | 0 | 0 | 2,250,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 168,000 | 155,000 | 34,000 | 83,000 | 80,000 | 109,000 | 112,000 | 121,000 | 52,000 | 43,000 | 18,000 | 0 |
| other current liabilities | 1,561,000 | 1,225,000 | 2,721,000 | 1,474,000 | 657,000 | 514,000 | 4,265,000 | 1,271,000 | 555,000 | 268,000 | 334,000 | 242,000 | 6,900,000 | 4,555,000 |
| total current liabilities | 30,731,000 | 28,661,000 | 33,550,000 | 28,006,000 | 19,404,000 | 16,560,000 | 22,142,000 | 17,205,000 | 11,152,000 | 10,708,000 | 12,696,000 | 10,111,000 | 10,420,000 | 9,635,000 |
| loans | 2,314,000 | 2,852,000 | 1,808,000 | 3,641,000 | 2,883,000 | 1,249,000 | 15,000 | 26,000 | 2,058,000 | 2,266,000 | 0 | 1,560,000 | 3,232,000 | 0 |
| hp & lease commitments | 0 | 0 | 2,751,000 | 3,238,000 | 0 | 36,000 | 119,000 | 198,000 | 308,000 | 0 | 136,000 | 163,000 | 67,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,423,000 | 578,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,401,000 | 1,430,000 | 1,070,000 | 717,000 | 420,000 | 414,000 | 454,000 | 474,000 | 399,000 | 309,000 | 403,000 | 469,000 | 1,084,000 | 1,236,000 |
| total long term liabilities | 5,138,000 | 4,860,000 | 5,629,000 | 7,596,000 | 3,303,000 | 1,699,000 | 588,000 | 698,000 | 2,765,000 | 2,575,000 | 539,000 | 2,192,000 | 2,158,000 | 618,000 |
| total liabilities | 35,869,000 | 33,521,000 | 39,179,000 | 35,602,000 | 22,707,000 | 18,259,000 | 22,730,000 | 17,903,000 | 13,917,000 | 13,283,000 | 13,235,000 | 12,303,000 | 12,578,000 | 10,253,000 |
| net assets | 9,193,000 | 10,331,000 | 9,484,000 | 9,681,000 | 12,026,000 | 10,076,000 | 8,488,000 | 6,596,000 | 4,120,000 | 3,041,000 | 2,994,000 | 3,169,000 | 2,764,000 | 2,169,000 |
| total shareholders funds | 9,193,000 | 10,331,000 | 9,484,000 | 9,681,000 | 12,026,000 | 10,076,000 | 8,488,000 | 6,596,000 | 4,120,000 | 3,041,000 | 2,994,000 | 3,169,000 | 2,764,000 | 2,169,000 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,746,000 | 7,152,000 | 6,482,000 | 7,753,000 | 7,988,000 | 6,699,000 | 6,110,000 | 6,433,000 | 3,074,000 | 1,536,000 | 1,738,000 | 963,000 | 2,518,000 | 1,297,000 |
| Depreciation | 958,000 | 721,000 | 928,000 | 961,000 | 561,000 | 520,000 | 510,000 | 334,000 | 355,000 | 355,000 | 430,000 | 432,000 | 446,000 | 445,000 |
| Amortisation | 0 | 0 | 34,000 | 13,000 | 13,000 | 11,000 | 11,000 | 13,000 | 12,000 | 12,000 | 9,000 | 8,000 | 0 | |
| Tax | -445,000 | -804,000 | -524,000 | -1,008,000 | 63,000 | -78,000 | -657,000 | -1,326,000 | -312,000 | -110,000 | -147,000 | -455,000 | -226,000 | 45,000 |
| Stock | 232,000 | 327,000 | 894,000 | 56,000 | 116,000 | 377,000 | 670,000 | 220,000 | 39,000 | 146,000 | -297,000 | -315,000 | 332,000 | 1,491,000 |
| Debtors | -19,692,000 | 1,496,000 | -1,507,000 | -769,000 | 7,013,000 | -3,869,000 | 5,651,000 | 3,508,000 | 752,000 | 16,000 | 1,086,000 | 870,000 | 2,351,000 | 7,352,000 |
| Creditors | 116,000 | -152,000 | 402,000 | -34,000 | 511,000 | -915,000 | 891,000 | 206,000 | 26,000 | 62,000 | 154,000 | -187,000 | 91,000 | 411,000 |
| Accruals and Deferred Income | 336,000 | -1,496,000 | 1,247,000 | 817,000 | 143,000 | -3,751,000 | 2,994,000 | 716,000 | 287,000 | -66,000 | 92,000 | -6,658,000 | 2,345,000 | 4,555,000 |
| Deferred Taxes & Provisions | -29,000 | 360,000 | 353,000 | 297,000 | 6,000 | -40,000 | -20,000 | 75,000 | 90,000 | -94,000 | -66,000 | -615,000 | -152,000 | 1,236,000 |
| Cash flow from operations | 26,142,000 | 3,958,000 | 9,535,000 | 9,512,000 | 2,156,000 | 5,938,000 | 3,518,000 | 2,723,000 | 2,741,000 | 1,533,000 | 1,421,000 | -7,067,000 | -854,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 21,212,000 | 2,589,000 | 0 | -1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -1,533,000 | 1,463,000 | 4,600,000 | 3,008,000 | -10,000 | 0 | -2,122,000 | 2,123,000 | 9,000 | -1,642,000 | 1,642,000 | 0 | -1,669,000 | 1,669,000 |
| Group/Directors Accounts | 3,151,000 | -4,536,000 | 6,889,000 | -2,917,000 | 2,249,000 | -919,000 | 3,203,000 | 3,011,000 | 2,389,000 | -2,669,000 | 688,000 | 6,511,000 | 0 | 3,000,000 |
| Other Short Term Loans | 0 | 0 | -7,607,000 | 7,607,000 | 0 | 0 | 0 | 0 | -2,250,000 | 2,250,000 | 0 | 0 | 0 | 0 |
| Long term loans | -538,000 | 1,044,000 | -1,833,000 | 758,000 | 1,634,000 | 1,234,000 | -11,000 | -2,032,000 | -208,000 | 2,266,000 | -1,560,000 | -1,672,000 | 3,232,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | -2,919,000 | -474,000 | 3,359,000 | -85,000 | -80,000 | -108,000 | -113,000 | 299,000 | -67,000 | -18,000 | 121,000 | 85,000 | 0 |
| other long term liabilities | 845,000 | 578,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -439,000 | -372,000 | -574,000 | -591,000 | -101,000 | -33,000 | -61,000 | -131,000 | -100,000 | -126,000 | -195,000 | -119,000 | -59,000 | -131,000 |
| cash flow from financing | 1,486,000 | -3,871,000 | 920,000 | 8,725,000 | 3,687,000 | 202,000 | 901,000 | 2,858,000 | 556,000 | -241,000 | 686,000 | 4,857,000 | 1,451,000 | 6,796,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 37,000 | -3,885,000 | 1,979,000 | 1,034,000 | -1,113,000 | 938,000 | -55,000 | 946,000 | 38,000 | 131,000 | -32,000 | -5,000 | 86,000 | 34,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,000 | 8,000 | 0 | 0 | 0 | 0 |
| change in cash | 37,000 | -3,885,000 | 1,979,000 | 1,034,000 | -1,113,000 | 938,000 | -55,000 | 946,000 | 46,000 | 123,000 | -32,000 | -5,000 | 86,000 | 34,000 |
technical fibre products limited Credit Report and Business Information
Technical Fibre Products Limited Competitor Analysis
Perform a competitor analysis for technical fibre products limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
technical fibre products limited Ownership
TECHNICAL FIBRE PRODUCTS LIMITED group structure
Technical Fibre Products Limited has 1 subsidiary company.
Ultimate parent company
1 parent
TECHNICAL FIBRE PRODUCTS LIMITED
02053047
1 subsidiary
technical fibre products limited directors
Technical Fibre Products Limited currently has 3 directors. The longest serving directors include Mr Stephen Adams (Aug 2022) and Mr Stephen Adams (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Adams | 60 years | Aug 2022 | - | Director | |
| Mr Stephen Adams | 60 years | Aug 2022 | - | Director | |
| Mr Andrew Goody | United Kingdom | 57 years | Nov 2023 | - | Director |
P&L
April 2023turnover
27.9m
+7%
operating profit
5.7m
-20%
gross margin
29.2%
-1.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
9.2m
-0.11%
total assets
45.1m
+0.03%
cash
133k
+0.39%
net assets
Total assets minus all liabilities
Similar Companies
technical fibre products limited company details
company number
02053047
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
September 1986
age
38
accounts
Full Accounts
ultimate parent company
previous names
technical fibres limited (September 1986)
incorporated
UK
address
burneside, kendal, cumbria, LA9 6PZ
last accounts submitted
April 2023
technical fibre products 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 technical fibre products limited.
technical fibre products limited Companies House Filings - See Documents
| date | description | view/download |
|---|
