Tecforce Limited

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tecforce limited Company Information

Live

MatureMidLow

Company Number

02999121

Website

https://tecforce.co.uk

Registered Address

c/o pkf smith cooper, prospect house, 1 prospect place, derby, DE24 8HG

Industry

Other business support service activities n.e.c.

Telephone

01332268000

Next Accounts Due

January 2025

Group Structure

View All

Directors

Roger Atkinson12 Years

Graham Gardner11 Years

Shareholders

tecforce holdings limited 100%

tecforce limited Estimated Valuation

£0 - £3.5m

The estimated valuation range for tecforce limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £0 to £3.5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Tecforce Limited is a live company located in derby, DE24 8HG with a Companies House number of 02999121. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 1994, it's largest shareholder is tecforce holdings limited with a 100% stake. Tecforce Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with low growth in recent years.

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Pomanda's financial health check has awarded Tecforce Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £5m, make it larger than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TECFORCE LIMITED group structure

Tecforce Limited has no subsidiary companies.

Ultimate parent company

TECFORCE HOLDINGS LIMITED

10621452

1 parent

TECFORCE LIMITED

02999121

TECFORCE LIMITED Shareholders

tecforce holdings limited

100%

Tecforce Limited currently has 2 directors. The longest serving directors include Mr Roger Atkinson (Apr 2012) and Mr Graham Gardner (May 2012).

officer	country	age	start	end	role
Mr Roger Atkinson	United Kingdom	69 years	Apr 2012	-	Director
Mr Graham Gardner	United Kingdom	71 years	May 2012	-	Director

EXPORT

Tecforce Limited's latest turnover from April 2023 is estimated at £5 million and the company has net assets of £1.5 million. According to their latest financial statements, Tecforce Limited has 37 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	May 2015	May 2014	Apr 2013	Apr 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,049,430	4,045,568	4,262,265	4,994,669	4,757,202	4,457,529	4,141,012	4,810,355	7,879,706	6,862,026	6,041,838	3,084,953	2,222,934	2,007,164	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,116,817	2,493,466	2,688,725	3,123,012	2,987,041	2,780,394	2,528,631	2,987,266	4,970,503	4,388,050	3,871,357	1,917,693	1,348,846	1,191,391	0
Gross Profit	1,932,612	1,552,103	1,573,540	1,871,657	1,770,161	1,677,136	1,612,380	1,823,089	2,909,203	2,473,975	2,170,481	1,167,260	874,088	815,774	0
Admin Expenses	2,240,421	1,189,887	1,346,976	1,649,654	1,811,772	1,496,772	1,912,516	1,628,584	2,554,355	2,174,880	2,055,534	1,057,721	752,909	417,851	-125,738
Operating Profit	-307,809	362,216	226,564	222,003	-41,611	180,364	-300,136	194,505	354,848	299,095	114,947	109,539	121,179	397,923	125,738
Interest Payable	0	0	0	10,922	24,517	24,414	11,964	0	0	0	0	0	0	0	0
Interest Receivable	67,031	10,782	821	735	4,999	2,665	906	1,463	1,403	905	638	988	1,081	576	108
Pre-Tax Profit	-240,778	372,998	227,385	211,816	-61,129	158,615	-311,195	195,968	356,250	300,000	115,584	110,526	122,259	398,499	125,846
Tax	0	-70,870	-43,203	-40,245	0	-30,137	0	-39,193	-71,250	-63,000	-26,584	-26,526	-31,787	-111,580	-35,237
Profit After Tax	-240,778	302,128	184,182	171,571	-61,129	128,478	-311,195	156,774	285,000	237,000	89,000	84,000	90,472	286,919	90,609
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-240,778	302,128	184,182	171,571	-61,129	128,478	-311,195	156,774	285,000	237,000	89,000	84,000	90,472	286,919	90,609
Employee Costs	1,766,756	1,835,826	2,003,542	2,026,353	1,975,029	1,956,059	1,838,788	1,997,192	2,183,599	1,956,441	1,669,279	853,879	645,732	598,882	0
Number Of Employees	37	41	47	48	48	50	48	52	58	52	45	23	18	17	0
EBITDA*	-165,360	493,583	363,993	355,207	70,075	269,873	-224,958	194,505	391,848	329,095	140,947	134,539	146,179	422,984	145,341

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	May 2015	May 2014	Apr 2013	Apr 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	498,662	585,210	627,577	702,390	626,677	547,682	497,787	427,958	259,000	209,000	131,000	163,000	128,000	95,859	83,154
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	498,662	585,210	627,577	702,390	626,677	547,682	497,787	427,958	259,000	209,000	131,000	163,000	128,000	95,859	83,154
Stock & work in progress	53,332	12,390	14,822	24,524	36,228	49,568	55,677	74,915	19,000	1,000	0	21,000	8,000	7,668	6,918
Trade Debtors	816,711	442,043	671,397	729,776	769,442	644,843	547,548	716,678	1,358,000	1,164,000	911,000	529,000	360,000	336,483	87,247
Group Debtors	0	0	0	0	0	383,329	583,642	848,329	0	0	0	0	0	0	0
Misc Debtors	193,611	90,660	195,738	194,035	119,246	127,233	128,173	114,825	0	0	0	0	0	0	0
Cash	1,160,894	1,993,488	881,596	759,953	710,652	622,430	443,391	281,132	304,000	257,000	105,000	150,000	245,000	187,358	43,071
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,224,548	2,538,581	1,763,553	1,708,288	1,635,568	1,827,403	1,758,431	2,035,879	1,681,000	1,422,000	1,016,000	700,000	613,000	531,509	137,236
total assets	2,723,210	3,123,791	2,391,130	2,410,678	2,262,245	2,375,085	2,256,218	2,463,837	1,940,000	1,631,000	1,147,000	863,000	741,000	627,368	220,390
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	400,801	645,524	226,261	430,487	291,435	321,504	390,868	261,521	640,000	624,000	472,000	279,000	264,000	248,840	128,781
Group/Directors Accounts	0	0	0	0	0	64,800	64,800	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	358,102	368,331	318,059	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	30,645	47,194	48,562	35,544	0	0	0	0	0	0	0
other current liabilities	756,044	652,063	651,455	637,607	403,849	342,786	243,663	694,093	0	0	0	0	0	0	0
total current liabilities	1,156,845	1,297,587	877,716	1,068,094	1,084,031	1,144,615	1,065,952	991,158	640,000	624,000	472,000	279,000	264,000	248,840	128,781
loans	0	0	0	0	0	0	64,800	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	6,946	33,127	1,997	46,969	71,462	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	3,000	3,000	0	0	0
provisions	72,334	91,395	80,733	87,139	68,159	90,416	68,918	80,443	136,000	128,000	30,000	28,000	8,000	0	0
total long term liabilities	72,334	91,395	80,733	94,085	101,286	92,413	180,687	151,905	136,000	128,000	33,000	31,000	8,000	0	0
total liabilities	1,229,179	1,388,982	958,449	1,162,179	1,185,317	1,237,028	1,246,639	1,143,063	776,000	752,000	505,000	310,000	272,000	248,840	128,781
net assets	1,494,031	1,734,809	1,432,681	1,248,499	1,076,928	1,138,057	1,009,579	1,320,774	1,164,000	879,000	642,000	553,000	469,000	378,528	91,609
total shareholders funds	1,494,031	1,734,809	1,432,681	1,248,499	1,076,928	1,138,057	1,009,579	1,320,774	1,164,000	879,000	642,000	553,000	469,000	378,528	91,609

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	May 2015	May 2014	Apr 2013	Apr 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-307,809	362,216	226,564	222,003	-41,611	180,364	-300,136	194,505	354,848	299,095	114,947	109,539	121,179	397,923	125,738
Depreciation	142,449	131,367	137,429	133,204	111,686	89,509	75,178	0	37,000	30,000	26,000	25,000	25,000	25,061	19,603
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-70,870	-43,203	-40,245	0	-30,137	0	-39,193	-71,250	-63,000	-26,584	-26,526	-31,787	-111,580	-35,237
Stock	40,942	-2,432	-9,702	-11,704	-13,340	-6,109	-19,238	55,915	18,000	1,000	-21,000	13,000	332	750	6,918
Debtors	477,619	-334,432	-56,676	35,123	-266,717	-103,958	-420,469	321,832	194,000	253,000	382,000	169,000	23,517	249,236	87,247
Creditors	-244,723	419,263	-204,226	139,052	-30,069	-69,364	129,347	-378,479	16,000	152,000	193,000	15,000	15,160	120,059	128,781
Accruals and Deferred Income	103,981	608	13,848	233,758	61,063	99,123	-450,430	694,093	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-19,061	10,662	-6,406	18,980	-22,257	21,498	-11,525	-55,557	8,000	98,000	2,000	20,000	8,000	0	0
Cash flow from operations	-843,724	1,190,110	190,384	683,333	358,869	401,060	-117,859	37,622	132,598	262,095	-51,637	-38,987	113,703	181,477	144,720
Investing Activities
capital expenditure	-55,901	-89,000	-62,616	-208,917	-190,681	-139,404	-145,007	-168,958	-87,000	-108,000	6,000	-60,000	-57,141	-37,766	-102,757
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-55,901	-89,000	-62,616	-208,917	-190,681	-139,404	-145,007	-168,958	-87,000	-108,000	6,000	-60,000	-57,141	-37,766	-102,757
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	-64,800	0	64,800	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-358,102	-10,229	50,272	318,059	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-64,800	64,800	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-6,946	-56,826	14,581	-46,340	-11,475	107,006	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-3,000	0	3,000	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	67,031	10,782	821	-10,187	-19,518	-21,749	-11,058	1,463	1,403	905	638	988	1,081	576	108
cash flow from financing	67,031	10,782	-6,125	-425,115	-79,966	-82,617	425,126	108,469	1,403	-2,095	638	3,988	1,081	576	1,108
cash and cash equivalents
cash	-832,594	1,111,892	121,643	49,301	88,222	179,039	162,259	-22,868	47,000	152,000	-45,000	-95,000	57,642	144,287	43,071
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-832,594	1,111,892	121,643	49,301	88,222	179,039	162,259	-22,868	47,000	152,000	-45,000	-95,000	57,642	144,287	43,071

P&L

April 2023

turnover

+25%

operating profit

-307.8k

gross margin

38.3%

-0.24%

turnover

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

Balance Sheet

April 2023

net assets

1.5m

-0.14%

total assets

2.7m

-0.13%

cash

1.2m

-0.42%

net assets

Total assets minus all liabilities

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company number

02999121

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 1994

age

accounts

Total Exemption Full

ultimate parent company

TECFORCE HOLDINGS LIMITED

previous names

N/A

incorporated

address

c/o pkf smith cooper, prospect house, 1 prospect place, derby, DE24 8HG

last accounts submitted

April 2023

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 7 charges/mortgages relating to tecforce limited. Currently there are 3 open charges and 4 have been satisfied in the past.

tecforce limited Company Information

tecforce limited Estimated Valuation

tecforce limited Estimated Valuation

tecforce limited Estimated Valuation

Tecforce Limited AI Business Plan

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TECFORCE LIMITED financials

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tecforce limited Companies House Filings - See Documents