ti group automotive systems (deeside) limited
ti group automotive systems (deeside) limited Company Information
Company Number
03061637
Website
https://tifluidsystems.com/Registered Address
4650 kingsgate cascade way, oxford business park south, oxford, oxfordshire, OX4 2SU
Industry
Other business support service activities n.e.c.
Telephone
01244280488
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ti automotive ltd 100%
ti group automotive systems (deeside) limited Estimated Valuation
Pomanda estimates the enterprise value of TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED at £21.8m based on a Turnover of £35.3m and 0.62x industry multiple (adjusted for size and gross margin).
ti group automotive systems (deeside) limited Estimated Valuation
Pomanda estimates the enterprise value of TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED at £18.4m based on an EBITDA of £3.8m and a 4.84x industry multiple (adjusted for size and gross margin).
ti group automotive systems (deeside) limited Estimated Valuation
Pomanda estimates the enterprise value of TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED at £4.2m based on Net Assets of £1.8m and 2.27x industry multiple (adjusted for liquidity).
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Ti Group Automotive Systems (deeside) Limited Overview
Ti Group Automotive Systems (deeside) Limited is a live company located in oxford, OX4 2SU with a Companies House number of 03061637. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 1995, it's largest shareholder is ti automotive ltd with a 100% stake. Ti Group Automotive Systems (deeside) Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.3m with declining growth in recent years.
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Ti Group Automotive Systems (deeside) Limited Health Check
Pomanda's financial health check has awarded Ti Group Automotive Systems (Deeside) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £35.3m, make it larger than the average company (£3.8m)
£35.3m - Ti Group Automotive Systems (deeside) Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3%)
-8% - Ti Group Automotive Systems (deeside) Limited
3% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (38.8%)
9% - Ti Group Automotive Systems (deeside) Limited
38.8% - Industry AVG
Profitability
an operating margin of 4.2% make it less profitable than the average company (6.3%)
4.2% - Ti Group Automotive Systems (deeside) Limited
6.3% - Industry AVG
Employees
with 102 employees, this is above the industry average (25)
102 - Ti Group Automotive Systems (deeside) Limited
25 - Industry AVG
Pay Structure
on an average salary of £66.6k, the company has a higher pay structure (£50.6k)
£66.6k - Ti Group Automotive Systems (deeside) Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £345.9k, this is more efficient (£157.6k)
£345.9k - Ti Group Automotive Systems (deeside) Limited
£157.6k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (44 days)
37 days - Ti Group Automotive Systems (deeside) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (33 days)
17 days - Ti Group Automotive Systems (deeside) Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (32 days)
18 days - Ti Group Automotive Systems (deeside) Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Ti Group Automotive Systems (deeside) Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.5%, this is a higher level of debt than the average (63.6%)
89.5% - Ti Group Automotive Systems (deeside) Limited
63.6% - Industry AVG
TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED financials
Ti Group Automotive Systems (Deeside) Limited's latest turnover from December 2022 is £35.3 million and the company has net assets of £1.8 million. According to their latest financial statements, Ti Group Automotive Systems (Deeside) Limited has 102 employees and maintains cash reserves of £3.5 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 | 35,286,023 | 40,839,508 | 37,802,284 | 44,701,964 | 42,796,775 | 43,118,356 | 51,635,288 | 31,885,519 | 21,183,596 | 18,821,000 | 13,953,000 | 11,659,000 | 14,836,000 | 13,402,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 32,123,756 | 36,907,855 | 34,135,646 | 44,927,915 | 42,028,703 | 42,482,282 | 52,920,925 | 32,029,278 | 20,721,578 | 17,508,000 | 13,529,000 | 11,927,000 | 14,381,000 | |
| Gross Profit | 3,162,267 | 3,931,654 | 3,666,638 | -225,951 | 768,072 | 636,074 | -1,285,637 | -143,759 | 462,018 | 1,313,000 | 424,000 | -268,000 | 455,000 | |
| Admin Expenses | 1,691,042 | 1,871,677 | 1,515,125 | 678,694 | 400,425 | 1,116,230 | 511,924 | 745,967 | 699,948 | 1,942,000 | 3,087,000 | 2,940,000 | 1,205,000 | |
| Operating Profit | 1,471,225 | 2,059,977 | 2,151,513 | -904,645 | 367,647 | -480,156 | -1,797,561 | -889,726 | -237,930 | -629,000 | -2,663,000 | -3,208,000 | -750,000 | -3,061,000 |
| Interest Payable | 393,769 | 679,976 | 700,026 | 800,101 | 625,443 | 613,926 | 568,406 | 238,429 | 73,542 | 0 | 0 | 230,000 | 872,000 | |
| Interest Receivable | 1,730 | 0 | 0 | 7,587 | 0 | 85,171 | 42,075 | 110,745 | 118,000 | 150,000 | 424,000 | 127,000 | 223,000 | |
| Pre-Tax Profit | 1,079,186 | 1,380,002 | 1,451,486 | -1,697,159 | -257,796 | -1,094,082 | -2,280,796 | -1,086,080 | -200,727 | -511,000 | -2,513,000 | -2,784,000 | -853,000 | -3,710,000 |
| Tax | -131,545 | -171,737 | 559,672 | -650,029 | -1,413,891 | -429,660 | 856,195 | 59,607 | -225,818 | 1,762,000 | 72,000 | 124,000 | 0 | 0 |
| Profit After Tax | 947,642 | 1,208,264 | 2,011,159 | -2,347,188 | -1,671,687 | -1,523,742 | -1,424,601 | -1,026,473 | -426,544 | 1,251,000 | -2,441,000 | -2,660,000 | -853,000 | -3,710,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 947,642 | 1,208,264 | 2,011,159 | -2,347,188 | -1,671,687 | -1,523,742 | -1,424,601 | -1,026,473 | -426,544 | 1,251,000 | -2,441,000 | -2,660,000 | -853,000 | -3,710,000 |
| Employee Costs | 6,791,865 | 6,642,838 | 6,639,351 | 6,448,866 | 7,178,420 | 6,869,242 | 6,626,322 | 5,466,339 | 3,671,050 | 2,910,000 | 2,224,000 | 2,113,000 | 2,389,000 | 2,788,000 |
| Number Of Employees | 102 | 118 | 130 | 131 | 150 | 165 | 174 | 82 | 70 | 67 | 55 | 57 | 60 | 76 |
| EBITDA* | 3,796,624 | 4,737,163 | 5,077,151 | -904,645 | 1,520,198 | 1,746,337 | 490,407 | 666,198 | 1,075,445 | 216,000 | -1,645,000 | -3,425,000 | 242,000 | -1,640,000 |
* 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 | 6,807,442 | 8,776,916 | 9,425,508 | 7,824,804 | 7,368,001 | 9,461,375 | 11,098,261 | 9,553,822 | 5,926,631 | 4,315,000 | 1,778,000 | 2,251,000 | 5,142,000 | 6,399,000 |
| Intangible Assets | 3,684,119 | 4,722,343 | 5,050,126 | 4,479,386 | 6,193,303 | 6,635,365 | 5,589,923 | 4,968,443 | 2,777,297 | 1,717,000 | 1,305,000 | 1,120,000 | 1,075,000 | 0 |
| Investments & Other | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 785,000 |
| Debtors (Due After 1 year) | 326,265 | 461,162 | 632,900 | 70,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,817,828 | 13,038,096 | 13,842,733 | 12,233,369 | 13,561,304 | 16,290,120 | 16,688,183 | 14,522,265 | 8,703,928 | 6,032,000 | 3,083,000 | 3,371,000 | 6,217,000 | 7,184,000 |
| Stock & work in progress | 1,595,846 | 2,023,363 | 3,351,930 | 2,141,472 | 5,170,978 | 4,811,726 | 2,728,169 | 3,956,872 | 2,039,280 | 1,689,000 | 869,000 | 1,403,000 | 364,000 | 359,000 |
| Trade Debtors | 3,581,999 | 3,734,635 | 5,593,235 | 4,180,086 | 3,453,225 | 4,394,047 | 5,233,997 | 2,914,621 | 4,068,178 | 1,839,000 | 1,857,000 | 1,180,000 | 914,000 | 867,000 |
| Group Debtors | 228,472 | 0 | 0 | 335,553 | 0 | 381,029 | 1,412,946 | 544,354 | 239,660 | 337,000 | 1,623,000 | 4,958,000 | 6,351,000 | 641,000 |
| Misc Debtors | 1,279,099 | 1,447,999 | 188,300 | 257,988 | 0 | 251,927 | 278,823 | 352,384 | 203,322 | 243,000 | 232,000 | 210,000 | 265,000 | 206,000 |
| Cash | 3,462 | 2,615 | 33,998 | 33,723 | 21,262 | 166,756 | 4,482 | 19,284 | 0 | 0 | 0 | 13,000 | 9,000 | 65,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 0 | 55,000 | 45,000 | 0 |
| total current assets | 6,688,879 | 7,208,613 | 9,167,466 | 6,948,824 | 9,301,028 | 9,938,873 | 9,658,419 | 7,787,518 | 6,550,441 | 4,112,000 | 4,581,000 | 7,819,000 | 7,948,000 | 2,138,000 |
| total assets | 17,506,707 | 20,246,709 | 23,010,199 | 19,182,193 | 22,862,332 | 26,228,993 | 26,346,602 | 22,309,783 | 15,254,369 | 10,144,000 | 7,664,000 | 11,190,000 | 14,165,000 | 9,322,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73,542 | 1,000 | 72,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,536,132 | 2,892,512 | 3,520,181 | 2,896,889 | 3,296,421 | 4,592,488 | 8,270,576 | 4,964,937 | 5,256,100 | 2,453,000 | 1,556,000 | 1,669,000 | 1,548,000 | 1,205,000 |
| Group/Directors Accounts | 8,178,278 | 1 | 1 | 14,054,464 | 0 | 13,270,077 | 9,068,496 | 9,540,674 | 1,806,542 | 490,000 | 0 | 0 | 0 | 3,311,000 |
| other short term finances | 0 | 0 | 0 | 0 | 15,011,517 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 407,615 | 413,215 | 127,277 | 505,859 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,911,726 | 13,982,214 | 17,790,949 | 3,105,976 | 0 | 6,586,873 | 5,803,297 | 2,924,262 | 2,779,025 | 1,884,000 | 1,780,000 | 2,435,000 | 2,337,000 | 3,640,000 |
| total current liabilities | 14,033,752 | 17,287,944 | 21,438,410 | 20,563,190 | 22,914,600 | 24,385,188 | 23,142,370 | 17,429,874 | 9,915,210 | 4,828,000 | 3,408,000 | 4,104,000 | 3,885,000 | 8,156,000 |
| loans | 0 | 4,367,534 | 4,440,762 | 2,299,974 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,639,117 | 2,183,767 | 2,220,381 | 1,149,987 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 217,940 | 6,062,242 | 1,628,866 | 0 | 1,167,294 | 2,443,966 | 163,042 | 171,308 | 200,000 | 276,000 | 420,000 | 668,000 | 488,000 |
| total long term liabilities | 1,639,117 | 2,292,738 | 5,251,503 | 1,964,421 | 1,772 | 583,647 | 1,221,983 | 81,521 | 85,654 | 100,000 | 138,000 | 210,000 | 334,000 | 488,000 |
| total liabilities | 15,672,869 | 19,580,682 | 26,689,913 | 22,527,611 | 22,916,371 | 24,968,835 | 24,364,353 | 17,511,395 | 10,000,864 | 4,928,000 | 3,546,000 | 4,314,000 | 4,219,000 | 8,644,000 |
| net assets | 1,833,838 | 666,028 | -3,679,714 | -3,345,418 | -54,040 | 1,260,158 | 1,982,248 | 4,798,388 | 5,253,505 | 5,216,000 | 4,118,000 | 6,876,000 | 9,946,000 | 678,000 |
| total shareholders funds | 1,833,838 | 666,027 | -3,679,714 | -3,345,418 | -54,040 | 1,073,707 | 1,982,249 | 4,798,387 | 5,253,504 | 5,216,000 | 4,118,000 | 6,876,000 | 9,946,000 | 678,000 |
| 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 | 1,471,225 | 2,059,977 | 2,151,513 | -904,645 | 367,647 | -480,156 | -1,797,561 | -889,726 | -237,930 | -629,000 | -2,663,000 | -3,208,000 | -750,000 | -3,061,000 |
| Depreciation | 1,400,260 | 1,522,099 | 1,646,761 | 0 | 1,152,551 | 1,311,127 | 1,637,977 | 1,150,947 | 907,596 | 501,000 | 723,000 | -597,000 | 597,000 | 1,421,000 |
| Amortisation | 925,140 | 1,155,086 | 1,278,877 | 0 | 915,366 | 649,991 | 404,978 | 405,779 | 344,000 | 295,000 | 380,000 | 395,000 | 0 | |
| Tax | -131,545 | -171,737 | 559,672 | -650,029 | -1,413,891 | -429,660 | 856,195 | 59,607 | -225,818 | 1,762,000 | 72,000 | 124,000 | 0 | 0 |
| Stock | -427,517 | -1,328,567 | 1,210,458 | -3,029,506 | 359,252 | 2,083,557 | -1,228,703 | 1,917,592 | 350,280 | 820,000 | -534,000 | 1,039,000 | 5,000 | 359,000 |
| Debtors | -227,960 | -770,640 | 1,569,989 | 1,320,402 | -1,626,567 | -1,845,974 | 3,114,406 | -699,801 | 2,092,161 | -1,293,000 | -2,636,000 | -1,182,000 | 5,816,000 | 1,714,000 |
| Creditors | -1,356,380 | -627,670 | 623,292 | -399,532 | -1,296,067 | -3,678,088 | 3,305,639 | -291,163 | 2,803,100 | 897,000 | -113,000 | 121,000 | 343,000 | 1,205,000 |
| Accruals and Deferred Income | -10,070,488 | -3,808,735 | 14,684,973 | 3,105,976 | -6,586,873 | 783,576 | 2,879,035 | 145,237 | 895,025 | 104,000 | -655,000 | 98,000 | -1,303,000 | 3,640,000 |
| Deferred Taxes & Provisions | -217,940 | -5,844,302 | 4,433,376 | 1,628,866 | -1,167,294 | -1,276,672 | 2,280,924 | -8,266 | -28,692 | -76,000 | -144,000 | -248,000 | 180,000 | 488,000 |
| Cash flow from operations | -7,324,251 | -3,616,075 | 22,598,017 | 4,489,740 | -3,092,090 | 7,926,497 | -646,177 | 2,076,619 | 3,376,000 | 685,000 | -3,187,000 | -6,359,000 | 1,620,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -785,000 | 785,000 |
| 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 | 8,178,277 | 0 | -14,054,463 | 14,054,464 | -13,270,077 | 4,201,581 | -472,178 | 7,734,132 | 1,316,542 | 490,000 | 0 | 0 | -3,311,000 | 3,311,000 |
| Other Short Term Loans | 0 | 0 | 0 | -15,011,517 | 15,011,517 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -4,367,534 | -73,228 | 2,140,788 | 2,299,974 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -550,250 | 249,324 | 691,812 | 1,655,846 | 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 | -392,039 | -679,976 | -700,026 | -792,514 | -613,926 | -483,235 | -196,354 | 37,203 | 118,000 | 150,000 | -103,000 | -649,000 | ||
| cash flow from financing | 3,088,623 | 2,633,597 | -14,267,344 | 1,262,063 | 4,202,855 | -2,346,951 | 8,109,134 | 1,817,793 | 455,000 | -167,000 | 6,707,000 | 7,050,000 | ||
| cash and cash equivalents | ||||||||||||||
| cash | 847 | -31,383 | 275 | 12,461 | -145,494 | 162,274 | -14,802 | 19,284 | 0 | 0 | -13,000 | 4,000 | -56,000 | 65,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -73,542 | 72,542 | -71,000 | 72,000 | 0 | 0 | 0 |
| change in cash | 847 | -31,383 | 275 | 12,461 | -145,494 | 162,274 | -14,802 | 92,826 | -72,542 | 71,000 | -85,000 | 4,000 | -56,000 | 65,000 |
ti group automotive systems (deeside) limited Credit Report and Business Information
Ti Group Automotive Systems (deeside) Limited Competitor Analysis
Perform a competitor analysis for ti group automotive systems (deeside) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ti group automotive systems (deeside) limited Ownership
TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED group structure
Ti Group Automotive Systems (Deeside) Limited has no subsidiary companies.
Ultimate parent company
2 parents
TI GROUP AUTOMOTIVE SYSTEMS (DEESIDE) LIMITED
03061637
ti group automotive systems (deeside) limited directors
Ti Group Automotive Systems (Deeside) Limited currently has 3 directors. The longest serving directors include Mr Simon Howell (Nov 2019) and Mr Philip Harrison (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Howell | United Kingdom | 56 years | Nov 2019 | - | Director |
| Mr Philip Harrison | United Kingdom | 58 years | May 2022 | - | Director |
| Mr Chen Wong | England | 48 years | May 2022 | - | Director |
P&L
December 2022turnover
35.3m
-14%
operating profit
1.5m
-29%
gross margin
9%
-6.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.8m
+1.75%
total assets
17.5m
-0.14%
cash
3.5k
+0.32%
net assets
Total assets minus all liabilities
Similar Companies
ti group automotive systems (deeside) limited company details
company number
03061637
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 1995
age
29
accounts
Full Accounts
ultimate parent company
previous names
walbro automotive limited (October 1999)
incorporated
UK
address
4650 kingsgate cascade way, oxford business park south, oxford, oxfordshire, OX4 2SU
last accounts submitted
December 2022
ti group automotive systems (deeside) 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 found 13 charges/mortgages relating to ti group automotive systems (deeside) limited. Currently there are 4 open charges and 9 have been satisfied in the past.
ti group automotive systems (deeside) limited Companies House Filings - See Documents
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