tic international limited Company Information
Company Number
02796175
Website
tic-int.co.ukRegistered Address
19 rea street south, birmingham, B5 6LB
Industry
Retail sale of second-hand goods (other than antiques and antique books) in stores
Other retail sale not in stores, stalls or markets
Telephone
01213800020
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
islamic relief 100%
tic international limited Estimated Valuation
Pomanda estimates the enterprise value of TIC INTERNATIONAL LIMITED at £2.1m based on a Turnover of £3.8m and 0.55x industry multiple (adjusted for size and gross margin).
tic international limited Estimated Valuation
Pomanda estimates the enterprise value of TIC INTERNATIONAL LIMITED at £1.1m based on an EBITDA of £253.6k and a 4.26x industry multiple (adjusted for size and gross margin).
tic international limited Estimated Valuation
Pomanda estimates the enterprise value of TIC INTERNATIONAL LIMITED at £2.5m based on Net Assets of £1.1m and 2.34x industry multiple (adjusted for liquidity).
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Tic International Limited Overview
Tic International Limited is a live company located in birmingham, B5 6LB with a Companies House number of 02796175. It operates in the retail sale of other second-hand goods in stores (not incl. antiques) sector, SIC Code 47799. Founded in March 1993, it's largest shareholder is islamic relief with a 100% stake. Tic International Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with low growth in recent years.
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Tic International Limited Health Check
Pomanda's financial health check has awarded Tic International Limited a 4.5 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
3 Regular
4 Weak
Size
annual sales of £3.8m, make it larger than the average company (£975.5k)
£3.8m - Tic International Limited
£975.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (3.7%)
3% - Tic International Limited
3.7% - Industry AVG
Production
with a gross margin of 55.2%, this company has a comparable cost of product (59.4%)
55.2% - Tic International Limited
59.4% - Industry AVG
Profitability
an operating margin of 5.6% make it less profitable than the average company (7%)
5.6% - Tic International Limited
7% - Industry AVG
Employees
with 79 employees, this is above the industry average (14)
79 - Tic International Limited
14 - Industry AVG
Pay Structure
on an average salary of £26.8k, the company has an equivalent pay structure (£26.8k)
- Tic International Limited
£26.8k - Industry AVG
Efficiency
resulting in sales per employee of £47.9k, this is less efficient (£128.1k)
£47.9k - Tic International Limited
£128.1k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is later than average (22 days)
38 days - Tic International Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (53 days)
16 days - Tic International Limited
53 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is less than average (85 days)
27 days - Tic International Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 89 weeks, this is more cash available to meet short term requirements (58 weeks)
89 weeks - Tic International Limited
58 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.9%, this is a lower level of debt than the average (53%)
18.9% - Tic International Limited
53% - Industry AVG
tic international limited Credit Report and Business Information
Tic International Limited Competitor Analysis
Perform a competitor analysis for tic international limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tic international limited Ownership
TIC INTERNATIONAL LIMITED group structure
Tic International Limited has no subsidiary companies.
tic international limited directors
Tic International Limited currently has 2 directors. The longest serving directors include Mr Tufail Khan (Nov 2018) and Mr Raja Ahmad (May 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Tufail Khan | England | 47 years | Nov 2018 | - | Director |
Mr Raja Ahmad | England | 46 years | May 2021 | - | Director |
TIC INTERNATIONAL LIMITED financials
Tic International Limited's latest turnover from December 2022 is £3.8 million and the company has net assets of £1.1 million. According to their latest financial statements, Tic International Limited has 79 employees and maintains cash reserves of £428.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
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 | 3,787,695 | 2,988,269 | 2,105,279 | 3,437,865 | 3,393,815 | 3,183,783 | 4,099,262 | 4,337,834 | 4,931,820 | 4,747,278 | ||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Cost Of Sales | 1,698,831 | 1,422,721 | 1,396,293 | 1,775,968 | 1,852,376 | 1,758,698 | 1,623,107 | 1,854,044 | 2,384,340 | 2,299,415 | ||||
Gross Profit | 2,088,864 | 1,565,548 | 708,986 | 1,661,897 | 1,541,439 | 1,425,085 | 2,476,155 | 2,483,790 | 2,547,480 | 2,447,863 | ||||
Admin Expenses | 1,878,516 | 1,138,319 | 659,862 | 1,444,205 | 1,428,903 | 1,431,764 | 2,479,476 | 2,483,790 | 2,547,480 | |||||
Operating Profit | 210,348 | 427,229 | 49,124 | 217,692 | 112,536 | -6,679 | -3,321 | 0 | 0 | |||||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Pre-Tax Profit | 210,348 | 427,229 | 49,124 | 217,692 | 112,536 | -6,679 | -3,321 | 0 | 0 | 0 | ||||
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,246 | -3,282 | -5,979 | ||||
Profit After Tax | 210,348 | 427,229 | 49,124 | 217,692 | 112,536 | -6,679 | -3,321 | 53,246 | -3,282 | -5,979 | ||||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Retained Profit | -243,498 | 348,770 | -192,161 | 73,511 | 76,487 | -6,679 | -3,321 | 53,246 | -3,282 | -5,979 | ||||
Employee Costs | 1,567,189 | 1,410,424 | ||||||||||||
Number Of Employees | 79 | 98 | 97 | 89 | 95 | 116 | 115 | 113 | 103 | 102 | ||||
EBITDA* | 253,629 | 470,227 | 107,881 | 276,193 | 178,018 | 72,098 | 76,442 | 79,076 | 87,041 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | 198,972 | 179,478 | 215,350 | 269,417 | 307,861 | 360,392 | 414,967 | 420,873 | 464,208 | 489,669 | 418,767 | 290,290 | 267,979 | 233,741 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 198,972 | 179,478 | 215,350 | 269,417 | 307,861 | 360,392 | 414,967 | 420,873 | 464,208 | 489,669 | 418,767 | 290,290 | 267,979 | 233,741 |
Stock & work in progress | 127,036 | 127,363 | 184,923 | 185,587 | 128,040 | 140,215 | 154,857 | 199,621 | 178,505 | 96,017 | 80,884 | 77,064 | 173,892 | 119,674 |
Trade Debtors | 399,529 | 522,087 | 327,147 | 439,195 | 677,778 | 397,681 | 473,457 | 604,577 | 575,573 | 361,982 | 668,208 | 339,099 | 520,533 | 333,383 |
Group Debtors | 39,818 | 157,179 | 0 | 23,368 | 0 | 7,576 | 0 | 95,486 | 99,936 | 384,823 | 0 | 0 | 0 | 0 |
Misc Debtors | 129,367 | 121,565 | 298,019 | 168,357 | 0 | 100,271 | 102,098 | 95,409 | 83,456 | 108,754 | 0 | 0 | 0 | 0 |
Cash | 428,185 | 384,860 | 252,159 | 345,240 | 453,769 | 347,667 | 619,769 | 401,618 | 976,956 | 578,239 | 258,238 | 954,666 | 425,543 | 285,731 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,854 | 0 | 0 | 0 |
total current assets | 1,123,935 | 1,313,054 | 1,062,248 | 1,161,747 | 1,259,587 | 993,410 | 1,350,181 | 1,396,711 | 1,914,426 | 1,529,815 | 1,083,184 | 1,370,829 | 1,119,968 | 738,788 |
total assets | 1,322,907 | 1,492,532 | 1,277,598 | 1,431,164 | 1,567,448 | 1,353,802 | 1,765,148 | 1,817,584 | 2,378,634 | 2,019,484 | 1,501,951 | 1,661,119 | 1,387,947 | 972,529 |
Bank overdraft | 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 |
Trade Creditors | 78,618 | 106,621 | 105,611 | 143,457 | 199,387 | 195,061 | 178,390 | 254,966 | 564,377 | 517,302 | 1,149,828 | 1,316,146 | 1,002,533 | 671,973 |
Group/Directors Accounts | 0 | 0 | 47,487 | 0 | 42,883 | 0 | 406,956 | 487,076 | 651,416 | 726,188 | 0 | 0 | 0 | 0 |
other short term finances | 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 |
other current liabilities | 171,207 | 69,331 | 156,690 | 127,736 | 238,718 | 148,768 | 163,150 | 55,569 | 142,868 | 131,021 | 0 | 0 | 0 | 0 |
total current liabilities | 249,825 | 175,952 | 309,788 | 271,193 | 480,988 | 343,829 | 748,496 | 797,611 | 1,358,661 | 1,374,511 | 1,149,828 | 1,316,146 | 1,002,533 | 671,973 |
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 | 0 | 0 | 0 | 0 | 0 | 7,150 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,246 | 49,964 | 43,985 | 35,912 | 27,136 | 24,213 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,246 | 49,964 | 51,135 | 35,912 | 27,136 | 24,213 |
total liabilities | 249,825 | 175,952 | 309,788 | 271,193 | 480,988 | 343,829 | 748,496 | 797,611 | 1,411,907 | 1,424,475 | 1,200,963 | 1,352,058 | 1,029,669 | 696,186 |
net assets | 1,073,082 | 1,316,580 | 967,810 | 1,159,971 | 1,086,460 | 1,009,973 | 1,016,652 | 1,019,973 | 966,727 | 595,009 | 300,988 | 309,061 | 358,278 | 276,343 |
total shareholders funds | 1,073,082 | 1,316,580 | 967,810 | 1,159,971 | 1,086,460 | 1,009,973 | 1,016,652 | 1,019,973 | 966,727 | 595,009 | 300,988 | 309,061 | 358,278 | 276,343 |
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 | 210,348 | 427,229 | 49,124 | 217,692 | 112,536 | -6,679 | -3,321 | 0 | 0 | |||||
Depreciation | 43,281 | 42,998 | 58,757 | 58,501 | 65,482 | 78,777 | 79,763 | 79,076 | 87,041 | 87,224 | 72,835 | 56,858 | 56,288 | 59,149 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,246 | -3,282 | -5,979 | ||||
Stock | -327 | -57,560 | -664 | 57,547 | -12,175 | -14,642 | -44,764 | 21,116 | 82,488 | 15,133 | 3,820 | -96,828 | 54,218 | 119,674 |
Debtors | -232,117 | 175,665 | -5,754 | -46,858 | 172,250 | -70,027 | -219,917 | 36,507 | -96,594 | 187,351 | 329,109 | -181,434 | 187,150 | 333,383 |
Creditors | -28,003 | 1,010 | -37,846 | -55,930 | 4,326 | 16,671 | -76,576 | -309,411 | 47,075 | -632,526 | -166,318 | 313,613 | 330,560 | 671,973 |
Accruals and Deferred Income | 101,876 | -87,359 | 28,954 | -110,982 | 89,950 | -14,382 | 107,581 | -87,299 | 11,847 | 123,871 | 7,150 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,246 | 3,282 | 5,979 | 8,073 | 8,776 | 2,923 | 24,213 |
Cash flow from operations | 559,946 | 265,773 | 105,407 | 98,592 | 112,219 | 159,056 | 372,128 | -375,257 | 160,069 | |||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | -47,487 | 47,487 | -42,883 | 42,883 | -406,956 | -80,120 | -164,340 | -74,772 | 726,188 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 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 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
cash flow from financing | 0 | -47,487 | 47,487 | -42,883 | 42,883 | -406,956 | -80,120 | -164,340 | 300,228 | 1,026,188 | ||||
cash and cash equivalents | ||||||||||||||
cash | 43,325 | 132,701 | -93,081 | -108,529 | 106,102 | -272,102 | 218,151 | -575,338 | 398,717 | 320,001 | -696,428 | 529,123 | 139,812 | 285,731 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 43,325 | 132,701 | -93,081 | -108,529 | 106,102 | -272,102 | 218,151 | -575,338 | 398,717 | 320,001 | -696,428 | 529,123 | 139,812 | 285,731 |
P&L
December 2022turnover
3.8m
+27%
operating profit
210.3k
-51%
gross margin
55.2%
+5.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
-0.18%
total assets
1.3m
-0.11%
cash
428.2k
+0.11%
net assets
Total assets minus all liabilities
tic international limited company details
company number
02796175
Type
Private limited with Share Capital
industry
47799 - Retail sale of second-hand goods (other than antiques and antique books) in stores
47990 - Other retail sale not in stores, stalls or markets
incorporation date
March 1993
age
31
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
19 rea street south, birmingham, B5 6LB
last accounts submitted
December 2022
tic international 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 tic international limited.
tic international limited Companies House Filings - See Documents
date | description | view/download |
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