tic international limited

4.5

tic international limited Company Information

Share TIC INTERNATIONAL LIMITED
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Company Number

02796175

Registered 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

Directors

Tufail Khan5 Years

Raja Ahmad2 Years

Shareholders

islamic relief 100%

tic international limited Estimated Valuation

£2.1m

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

£1.1m

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

£2.5m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

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

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

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

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

Employees

with 79 employees, this is above the industry average (14)

79 - Tic International Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.8k, the company has an equivalent pay structure (£26.8k)

£26.8k - Tic International Limited

£26.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £47.9k, this is less efficient (£128.1k)

£47.9k - Tic International Limited

£128.1k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tic International Limited Competitor Analysis

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tic international limited Ownership

TIC INTERNATIONAL LIMITED group structure

Tic International Limited has no subsidiary companies.

Ultimate parent company

1 parent

TIC INTERNATIONAL LIMITED

02796175

TIC INTERNATIONAL LIMITED Shareholders

islamic relief 100%

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).

officercountryagestartendrole
Mr Tufail KhanEngland47 years Nov 2018- Director
Mr Raja AhmadEngland46 years May 2021- Director

TIC INTERNATIONAL LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,787,6952,988,2692,105,2793,437,8653,393,8153,183,7834,099,2624,337,8344,931,8204,747,2788,512,7655,420,0256,937,9070
Other Income Or Grants00000000000000
Cost Of Sales1,698,8311,422,7211,396,2931,775,9681,852,3761,758,6981,623,1071,854,0442,384,3402,299,4154,658,9792,967,4593,689,1490
Gross Profit2,088,8641,565,548708,9861,661,8971,541,4391,425,0852,476,1552,483,7902,547,4802,447,8633,853,7862,452,5673,248,7580
Admin Expenses1,878,5161,138,319659,8621,444,2051,428,9031,431,7642,479,4762,483,7902,547,4802,455,9333,864,8912,505,2353,136,738-125,722
Operating Profit210,348427,22949,124217,692112,536-6,679-3,32100-8,070-11,105-52,668112,020125,722
Interest Payable00000000000000
Interest Receivable00000000003,0323,4511,778714
Pre-Tax Profit210,348427,22949,124217,692112,536-6,679-3,321000-8,073-49,217113,799126,436
Tax000000053,246-3,282-5,97900-31,864-35,402
Profit After Tax210,348427,22949,124217,692112,536-6,679-3,32153,246-3,282-5,979-8,073-49,21781,93591,034
Dividends Paid00000000000000
Retained Profit-243,498348,770-192,16173,51176,487-6,679-3,32153,246-3,282-5,979-8,073-49,21781,93591,034
Employee Costs2,115,1402,543,2332,414,4352,307,4912,504,9342,908,7702,861,2202,929,1591,567,1891,410,4243,014,4841,641,9412,374,2000
Number Of Employees7998978995116115113103102120711020
EBITDA*253,629470,227107,881276,193178,01872,09876,44279,07687,04179,15461,7304,190168,308184,871

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets198,972179,478215,350269,417307,861360,392414,967420,873464,208489,669418,767290,290267,979233,741
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets198,972179,478215,350269,417307,861360,392414,967420,873464,208489,669418,767290,290267,979233,741
Stock & work in progress127,036127,363184,923185,587128,040140,215154,857199,621178,50596,01780,88477,064173,892119,674
Trade Debtors399,529522,087327,147439,195677,778397,681473,457604,577575,573361,982668,208339,099520,533333,383
Group Debtors39,818157,179023,36807,576095,48699,936384,8230000
Misc Debtors129,367121,565298,019168,3570100,271102,09895,40983,456108,7540000
Cash428,185384,860252,159345,240453,769347,667619,769401,618976,956578,239258,238954,666425,543285,731
misc current assets000000000075,854000
total current assets1,123,9351,313,0541,062,2481,161,7471,259,587993,4101,350,1811,396,7111,914,4261,529,8151,083,1841,370,8291,119,968738,788
total assets1,322,9071,492,5321,277,5981,431,1641,567,4481,353,8021,765,1481,817,5842,378,6342,019,4841,501,9511,661,1191,387,947972,529
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 78,618106,621105,611143,457199,387195,061178,390254,966564,377517,3021,149,8281,316,1461,002,533671,973
Group/Directors Accounts0047,487042,8830406,956487,076651,416726,1880000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities171,20769,331156,690127,736238,718148,768163,15055,569142,868131,0210000
total current liabilities249,825175,952309,788271,193480,988343,829748,496797,6111,358,6611,374,5111,149,8281,316,1461,002,533671,973
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000007,150000
other liabilities00000000000000
provisions0000000053,24649,96443,98535,91227,13624,213
total long term liabilities0000000053,24649,96451,13535,91227,13624,213
total liabilities249,825175,952309,788271,193480,988343,829748,496797,6111,411,9071,424,4751,200,9631,352,0581,029,669696,186
net assets1,073,0821,316,580967,8101,159,9711,086,4601,009,9731,016,6521,019,973966,727595,009300,988309,061358,278276,343
total shareholders funds1,073,0821,316,580967,8101,159,9711,086,4601,009,9731,016,6521,019,973966,727595,009300,988309,061358,278276,343
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit210,348427,22949,124217,692112,536-6,679-3,32100-8,070-11,105-52,668112,020125,722
Depreciation43,28142,99858,75758,50165,48278,77779,76379,07687,04187,22472,83556,85856,28859,149
Amortisation00000000000000
Tax000000053,246-3,282-5,97900-31,864-35,402
Stock-327-57,560-66457,547-12,175-14,642-44,76421,11682,48815,1333,820-96,82854,218119,674
Debtors-232,117175,665-5,754-46,858172,250-70,027-219,91736,507-96,594187,351329,109-181,434187,150333,383
Creditors-28,0031,010-37,846-55,9304,32616,671-76,576-309,41147,075-632,526-166,318313,613330,560671,973
Accruals and Deferred Income101,876-87,35928,954-110,98289,950-14,382107,581-87,29911,847123,8717,150000
Deferred Taxes & Provisions0000000-53,2463,2825,9798,0738,7762,92324,213
Cash flow from operations559,946265,773105,40798,592112,219159,056372,128-375,257160,069-631,985-422,294604,841228,559392,598
Investing Activities
capital expenditure-62,775-7,126-4,690-20,057-12,951-24,202-73,857-35,741-61,580-158,126-201,312-79,169-90,526-292,890
Change in Investments00000000000000
cash flow from investments-62,775-7,126-4,690-20,057-12,951-24,202-73,857-35,741-61,580-158,126-201,312-79,169-90,526-292,890
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0-47,48747,487-42,88342,883-406,956-80,120-164,340-74,772726,1880000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000000375,000300,000000185,309
interest00000000003,0323,4511,778714
cash flow from financing0-47,48747,487-42,88342,883-406,956-80,120-164,340300,2281,026,1883,0323,4511,778186,023
cash and cash equivalents
cash43,325132,701-93,081-108,529106,102-272,102218,151-575,338398,717320,001-696,428529,123139,812285,731
overdraft00000000000000
change in cash43,325132,701-93,081-108,529106,102-272,102218,151-575,338398,717320,001-696,428529,123139,812285,731

P&L

December 2022

turnover

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 2022

net 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.

charges

tic international limited Companies House Filings - See Documents

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