Pomanda estimates the enterprise value of TATE ENTERPRISES LTD at £41.5m based on a Turnover of £36m and 1.15x industry multiple (adjusted for size and gross margin).
tate enterprises ltdEstimated Valuation
£28.7m
Pomanda estimates the enterprise value of TATE ENTERPRISES LTD at £28.7m based on an EBITDA of £3.8m and a 7.47x industry multiple (adjusted for size and gross margin).
tate enterprises ltdEstimated Valuation
£14.7m
Pomanda estimates the enterprise value of TATE ENTERPRISES LTD at £14.7m based on Net Assets of £6.6m and 2.21x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tate Enterprises LtdOverview
Tate Enterprises Ltd is a live company located in london, SW1P 4RG with a Companies House number of 03173975. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in March 1996, it's largest shareholder is
trustees of tate gallery
with a 100% stake. Tate Enterprises Ltd is a mature,
large sized company, Pomanda has estimated its turnover at
£36m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Tate Enterprises Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
1 Regular
3 Weak
Size
annual sales of £36m, make it larger than the average company (£3.6m)
£36m - Tate Enterprises Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (11.3%)
52% - Tate Enterprises Ltd
11.3% - Industry AVG
Production
with a gross margin of 62.7%, this company has a lower cost of product (51.4%)
62.7% - Tate Enterprises Ltd
51.4% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (5.6%)
10.3% - Tate Enterprises Ltd
5.6% - Industry AVG
Employees
with 462 employees, this is above the industry average (30)
462 - Tate Enterprises Ltd
30 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has a lower pay structure (£36.5k)
£27.5k - Tate Enterprises Ltd
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £78k, this is less efficient (£119k)
£78k - Tate Enterprises Ltd
£119k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (29 days)
12 days - Tate Enterprises Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (44 days)
20 days - Tate Enterprises Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 111 days, this is more than average (55 days)
111 days - Tate Enterprises Ltd
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 31 weeks, this is more cash available to meet short term requirements (24 weeks)
31 weeks - Tate Enterprises Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.1%, this is a similar level of debt than the average (58.7%)
56.1% - Tate Enterprises Ltd
58.7% - Industry AVG
TATE ENTERPRISES LTD financials
EXPORT
Tate Enterprises Ltd's latest turnover from March 2024 is £36 million and the company has net assets of £6.6 million. According to their latest financial statements, Tate Enterprises Ltd has 462 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
36,035,558
32,961,215
21,961,275
10,324,466
41,998,363
41,551,753
40,985,276
35,068,243
25,536,871
31,750,907
27,075,187
29,520,450
27,801,523
28,162,322
27,960,189
Other Income Or Grants
Cost Of Sales
13,429,939
11,596,559
7,589,006
3,683,142
14,981,803
14,134,209
14,043,141
12,758,341
9,642,615
11,715,663
10,454,301
11,808,253
10,070,742
10,788,404
10,693,806
Gross Profit
22,605,619
21,364,656
14,372,269
6,641,324
27,016,560
27,417,544
26,942,135
22,309,902
15,894,256
20,035,244
16,620,886
17,712,197
17,730,781
17,373,918
17,266,383
Admin Expenses
18,898,956
17,125,404
12,223,533
11,524,699
21,955,927
21,397,132
20,244,900
19,493,242
15,100,987
14,927,864
13,478,990
13,734,760
12,848,747
13,744,549
14,005,499
Operating Profit
3,706,663
4,239,252
2,148,736
-4,883,375
5,060,633
6,020,412
6,697,235
2,816,660
793,269
5,107,380
3,141,896
3,977,437
4,882,034
3,629,369
3,260,884
Interest Payable
1
Interest Receivable
105,261
37,751
773
2,250
39,811
13,009
2,505
2,375
8,620
10,551
8,728
11,244
13,226
13,348
12,645
Pre-Tax Profit
3,811,924
4,277,003
2,149,509
-4,881,125
5,100,443
6,033,421
6,699,740
2,819,035
801,889
30,093
129,832
-51,549
-11,866
-79,361
295,835
Tax
411,578
-411,578
851,331
-1,015,390
-1,133,645
-1,296,507
-557,004
-141,663
Profit After Tax
3,811,924
4,688,581
1,737,931
-4,029,794
4,085,053
4,899,776
5,403,233
2,262,031
660,226
30,093
129,832
-51,549
-11,866
-79,361
295,835
Dividends Paid
Retained Profit
3,811,924
4,688,581
1,737,931
-4,029,794
4,085,053
4,899,776
5,403,233
2,262,031
660,226
30,093
129,832
-51,549
-11,866
-79,361
295,835
Employee Costs
12,716,294
11,007,962
8,719,112
11,976,575
13,922,115
13,116,060
12,666,382
12,590,508
9,786,699
10,275,848
9,298,095
9,093,224
9,197,008
9,405,511
9,603,753
Number Of Employees
462
409
319
455
588
574
542
443
479
479
475
495
498
521
547
EBITDA*
3,838,146
4,404,479
2,393,285
-4,405,095
5,391,535
6,308,750
6,925,686
3,035,268
1,033,081
5,380,378
3,404,486
4,217,471
5,104,271
3,876,073
3,564,418
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
394,004
342,294
424,973
591,899
1,103,737
1,151,338
717,940
726,359
745,361
737,014
825,338
580,067
541,417
591,928
840,406
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
394,004
342,294
424,973
591,899
1,103,737
1,151,338
717,940
726,359
745,361
737,014
825,338
580,067
541,417
591,928
840,406
Stock & work in progress
4,119,227
3,376,875
3,041,296
3,359,643
4,745,932
4,292,583
4,088,555
4,555,860
3,351,052
3,471,682
3,422,468
3,835,998
3,196,978
2,644,428
2,389,258
Trade Debtors
1,218,932
1,034,057
972,861
400,097
1,378,690
1,524,087
1,436,808
1,332,128
1,044,784
953,288
644,699
1,031,676
1,084,935
972,516
989,137
Group Debtors
827,135
2,278,930
544,924
2,002,309
967,935
663,210
758,777
436,045
249,313
315,587
103,693
82,541
258,706
120,909
167,109
Misc Debtors
387,493
571,233
131,580
919,898
494,850
372,631
287,277
320,701
226,760
243,059
161,358
165,596
110,130
55,336
105,383
Cash
5,116,476
5,641,246
5,400,700
2,484,912
7,918,495
8,870,155
9,594,047
4,658,364
2,219,736
4,389,694
3,195,825
3,784,391
5,267,484
5,202,406
4,497,470
misc current assets
3,018,560
2,196,241
3,110,608
2,382,960
total current assets
14,687,823
15,098,582
13,201,969
11,549,819
15,505,902
15,722,666
16,165,464
11,303,098
7,091,645
9,373,310
7,528,043
8,900,202
9,918,233
8,995,595
8,148,357
total assets
15,081,827
15,440,876
13,626,942
12,141,718
16,609,639
16,874,004
16,883,404
12,029,457
7,837,006
10,110,324
8,353,381
9,480,269
10,459,650
9,587,523
8,988,763
Bank overdraft
Bank loan
Trade Creditors
748,879
1,196,461
730,846
298,819
336,915
1,704,019
1,552,213
1,461,205
702,823
781,367
772,780
794,161
1,054,459
1,109,319
1,239,889
Group/Directors Accounts
1,465,839
1,396,991
1,406,633
1,368,049
7,491,319
7,927,595
8,469,964
5,154,129
1,846,116
5,254,442
3,263,486
4,222,998
5,152,335
3,830,270
3,083,287
other short term finances
hp & lease commitments
other current liabilities
6,243,615
5,748,914
4,732,536
3,636,652
5,856,444
4,327,789
4,013,493
2,442,408
1,745,585
1,230,392
1,503,085
1,778,912
1,517,109
1,799,691
1,788,613
total current liabilities
8,458,333
8,342,366
6,870,015
5,303,520
13,684,678
13,959,403
14,035,670
9,057,742
4,294,524
7,266,201
5,539,351
6,796,071
7,723,903
6,739,280
6,111,789
loans
2,180,798
4,000,000
hp & lease commitments
Accruals and Deferred Income
38,133
other liabilities
provisions
100,630
50,000
total long term liabilities
2,180,798
4,000,000
38,133
100,630
50,000
total liabilities
8,458,333
8,342,366
9,050,813
9,303,520
13,684,678
13,959,403
14,035,670
9,057,742
4,332,657
7,266,201
5,539,351
6,796,071
7,723,903
6,839,910
6,161,789
net assets
6,623,494
7,098,510
4,576,129
2,838,198
2,924,961
2,914,601
2,847,734
2,971,715
3,504,349
2,844,123
2,814,030
2,684,198
2,735,747
2,747,613
2,826,974
total shareholders funds
6,623,494
7,098,510
4,576,129
2,838,198
2,924,961
2,914,601
2,847,734
2,971,715
3,504,349
2,844,123
2,814,030
2,684,198
2,735,747
2,747,613
2,826,974
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
3,706,663
4,239,252
2,148,736
-4,883,375
5,060,633
6,020,412
6,697,235
2,816,660
793,269
5,107,380
3,141,896
3,977,437
4,882,034
3,629,369
3,260,884
Depreciation
131,483
165,227
244,549
478,280
330,902
288,338
228,451
218,608
239,812
272,998
262,590
240,034
222,237
246,704
303,534
Amortisation
Tax
411,578
-411,578
851,331
-1,015,390
-1,133,645
-1,296,507
-557,004
-141,663
Stock
742,352
335,579
-318,347
-1,386,289
453,349
204,028
-467,305
1,204,808
-120,630
49,214
-413,530
639,020
552,550
255,170
2,389,258
Debtors
-1,450,660
2,234,855
-1,672,939
480,829
281,547
77,066
393,988
568,017
8,923
602,184
-370,063
-173,958
305,010
-112,868
1,261,629
Creditors
-447,582
465,615
432,027
-38,096
-1,367,104
151,806
91,008
758,382
-78,544
8,587
-21,381
-260,298
-54,860
-130,570
1,239,889
Accruals and Deferred Income
494,701
1,016,378
1,095,884
-2,219,792
1,528,655
314,296
1,571,085
658,690
553,326
-272,693
-275,827
261,803
-282,582
11,078
1,788,613
Deferred Taxes & Provisions
-100,630
50,630
50,000
Cash flow from operations
4,593,573
3,727,616
5,500,904
-4,906,192
3,802,800
5,360,113
7,364,589
2,122,511
1,477,907
4,464,874
3,890,871
3,753,914
3,808,639
3,664,909
2,992,033
Investing Activities
capital expenditure
-183,193
-82,548
-77,623
33,558
-283,301
-721,736
-220,032
-199,606
-248,159
-184,674
-507,861
-278,684
-171,726
1,774
-1,143,940
Change in Investments
cash flow from investments
-183,193
-82,548
-77,623
33,558
-283,301
-721,736
-220,032
-199,606
-248,159
-184,674
-507,861
-278,684
-171,726
1,774
-1,143,940
Financing Activities
Bank loans
Group/Directors Accounts
68,848
-9,642
38,584
-6,123,270
-436,276
-542,369
3,315,835
3,308,013
-3,408,326
1,990,956
-959,512
-929,337
1,322,065
746,983
3,083,287
Other Short Term Loans
Long term loans
-2,180,798
-1,819,202
4,000,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-4,286,940
-2,166,200
3,943,031
-4,074,693
-4,832,909
-5,527,214
-2,794,665
2,531,139
interest
105,261
37,751
773
2,250
39,810
13,009
2,505
2,375
8,620
10,551
8,728
11,244
13,226
13,348
12,645
cash flow from financing
-4,112,831
-4,318,889
-1,779,845
1,822,011
-4,471,159
-5,362,269
-2,208,874
515,723
-3,399,706
2,001,507
-950,784
-918,093
1,335,291
760,331
5,627,071
cash and cash equivalents
cash
-524,770
240,546
2,915,788
-5,433,583
-951,660
-723,892
4,935,683
2,438,628
-2,169,958
1,193,869
-588,566
-1,483,093
65,078
704,936
4,497,470
overdraft
change in cash
-524,770
240,546
2,915,788
-5,433,583
-951,660
-723,892
4,935,683
2,438,628
-2,169,958
1,193,869
-588,566
-1,483,093
65,078
704,936
4,497,470
tate enterprises ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tate enterprises ltd. Get real-time insights into tate enterprises ltd's credit score, group structure and payment trends.
Perform a competitor analysis for tate enterprises ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SW1P area or any other competitors across 12 key performance metrics.
tate enterprises ltd Ownership
TATE ENTERPRISES LTD group structure
Tate Enterprises Ltd has no subsidiary companies.
Ultimate parent company
TATE ENTERPRISES LTD
03173975
TATE ENTERPRISES LTD Shareholders
The sole shareholder of Tate Enterprises Ltd is Trustees Of Tate Gallery.
trustees of tate gallery
100%
tate enterprises ltd directors
Tate Enterprises Ltd currently has 13 directors.
The longest serving directors include
Mr Hamish Anderson (Feb 2017) and
Ms Julia Allen (Sep 2018).
47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
58110 - Book publishing
incorporation date
March 1996
age
29
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
tate gallery restaurant limited (January 2001)
alnery no. 1538 limited (March 1996)
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
tate, millbank, london, SW1P 4RG
Bank
COUTTS & CO, COUTTS & CO, COUTTS & CO
Legal Advisor
WITHERS LLP
tate enterprises ltd 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 1 charges/mortgages relating to tate enterprises ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
tate enterprises ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for TATE ENTERPRISES LTD. This can take several minutes, an email will notify you when this has completed.
tate enterprises ltdCompanies House Filings - See Documents
