third millennium systems limitedEstimated Valuation
£4.2m
Pomanda estimates the enterprise value of THIRD MILLENNIUM SYSTEMS LIMITED at £4.2m based on a Turnover of £4.9m and 0.87x industry multiple (adjusted for size and gross margin).
third millennium systems limitedEstimated Valuation
£5.3m
Pomanda estimates the enterprise value of THIRD MILLENNIUM SYSTEMS LIMITED at £5.3m based on an EBITDA of £1m and a 5.18x industry multiple (adjusted for size and gross margin).
third millennium systems limitedEstimated Valuation
£11.3m
Pomanda estimates the enterprise value of THIRD MILLENNIUM SYSTEMS LIMITED at £11.3m based on Net Assets of £4.8m and 2.36x industry multiple (adjusted for liquidity).
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Third Millennium Systems LimitedOverview
Third Millennium Systems Limited is a live company located in cardiff, CF15 7AB with a Companies House number of 03199053. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 1996, it's largest shareholder is
peter jones
with a 55% stake. Third Millennium Systems Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Third Millennium Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £4.9m, make it larger than the average company (£3.9m)
£4.9m - Third Millennium Systems Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 64%, show it is growing at a faster rate (10.5%)
64% - Third Millennium Systems Limited
10.5% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - Third Millennium Systems Limited
72% - Industry AVG
Profitability
an operating margin of 19.9% make it more profitable than the average company (3.9%)
19.9% - Third Millennium Systems Limited
3.9% - Industry AVG
Employees
with 22 employees, this is below the industry average (35)
22 - Third Millennium Systems Limited
35 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
£67.9k - Third Millennium Systems Limited
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £221.8k, this is more efficient (£120.3k)
£221.8k - Third Millennium Systems Limited
£120.3k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (59 days)
87 days - Third Millennium Systems Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 116 days, this is slower than average (39 days)
116 days - Third Millennium Systems Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 239 days, this is more than average (16 days)
239 days - Third Millennium Systems Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 144 weeks, this is more cash available to meet short term requirements (18 weeks)
144 weeks - Third Millennium Systems Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.9%, this is a lower level of debt than the average (59.8%)
16.9% - Third Millennium Systems Limited
59.8% - Industry AVG
THIRD MILLENNIUM SYSTEMS LIMITED financials
EXPORT
Third Millennium Systems Limited's latest turnover from March 2024 is estimated at £4.9 million and the company has net assets of £4.8 million. According to their latest financial statements, Third Millennium Systems Limited has 22 employees and maintains cash reserves of £2.6 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
4,878,774
3,413,795
1,652,500
1,102,298
1,577,266
1,282,470
1,262,011
1,618,874
953,549
913,417
1,985,572
1,993,767
1,025,438
704,194
843,852
Other Income Or Grants
Cost Of Sales
1,365,971
982,251
448,550
304,939
409,807
329,001
339,705
429,610
242,248
219,314
485,602
471,706
236,285
150,691
225,220
Gross Profit
3,512,803
2,431,544
1,203,951
797,358
1,167,460
953,469
922,306
1,189,264
711,301
694,103
1,499,970
1,522,061
789,154
553,502
618,632
Admin Expenses
2,542,017
838,669
557,220
500,209
702,159
252,597
647,905
660,595
766,832
584,411
1,288,136
1,487,411
807,365
567,046
566,751
Operating Profit
970,786
1,592,875
646,731
297,149
465,301
700,872
274,401
528,669
-55,531
109,692
211,834
34,650
-18,211
-13,544
51,881
Interest Payable
Interest Receivable
119,784
74,394
12,915
1,706
1,353
6,082
1,903
526
575
378
4
4
Pre-Tax Profit
1,090,569
1,667,269
659,646
298,856
466,654
706,954
276,305
529,195
-54,956
110,070
211,834
34,650
-18,211
-13,540
51,885
Tax
-272,642
-316,781
-125,333
-56,783
-88,664
-134,321
-52,498
-105,839
-23,115
-48,722
-8,316
-14,528
Profit After Tax
817,927
1,350,488
534,313
242,073
377,990
572,633
223,807
423,356
-54,956
86,955
163,112
26,334
-18,211
-13,540
37,357
Dividends Paid
Retained Profit
817,927
1,350,488
534,313
242,073
377,990
572,633
223,807
423,356
-54,956
86,955
163,112
26,334
-18,211
-13,540
37,357
Employee Costs
1,494,126
1,115,356
913,136
902,843
743,374
785,280
767,305
626,589
539,861
481,660
1,023,724
1,045,173
573,486
352,588
440,957
Number Of Employees
22
17
15
16
13
13
13
11
10
9
19
20
11
7
9
EBITDA*
1,023,763
1,636,021
694,023
355,202
535,607
781,345
333,668
575,202
-18,175
145,067
232,865
42,621
-15,771
-10,023
58,662
* 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
170,713
210,612
88,107
68,455
126,508
235,458
271,111
186,206
169,396
163,007
184,532
62,486
54,794
6,282
3,688
Intangible Assets
Investments & Other
884,103
867,023
872,840
Debtors (Due After 1 year)
Total Fixed Assets
1,054,816
1,077,635
960,947
68,455
126,508
235,458
271,111
186,206
169,396
163,007
184,532
62,486
54,794
6,282
3,688
Stock & work in progress
896,718
773,065
394,903
264,309
224,029
201,825
227,749
121,731
95,246
76,796
71,514
67,009
40,364
86,741
58,332
Trade Debtors
1,171,671
846,920
316,056
151,535
367,285
253,522
240,547
389,870
168,050
167,173
349,084
351,187
183,810
126,129
145,152
Group Debtors
Misc Debtors
20,358
525,228
14,887
6,440
13,194
13,297
6,090
20,988
1,555
Cash
2,598,645
1,964,542
1,536,359
1,907,637
1,504,904
1,202,028
419,823
341,562
78,977
151,171
1,574
misc current assets
total current assets
4,687,392
4,109,755
2,262,205
2,329,921
2,109,412
1,670,672
894,209
874,151
343,828
395,140
420,598
418,196
224,174
212,870
205,058
total assets
5,742,208
5,187,390
3,223,152
2,398,376
2,235,920
1,906,130
1,165,320
1,060,357
513,224
558,147
605,130
480,682
278,968
219,152
208,746
Bank overdraft
Bank loan
Trade Creditors
436,111
695,244
367,181
135,513
148,650
220,804
159,271
218,278
139,726
242,990
377,578
425,094
257,321
192,335
168,389
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
501,459
500,435
238,748
184,603
241,883
207,406
108,760
166,281
126,256
total current liabilities
937,570
1,195,679
605,929
320,116
390,533
428,210
268,031
384,559
265,982
242,990
377,578
425,094
257,321
192,335
168,389
loans
hp & lease commitments
Accruals and Deferred Income
6,752
9,068
11,384
14,134
11,168
other liabilities
16,016
18,332
20,648
13,041
provisions
32,000
37,000
13,000
8,350
17,550
21,321
11,007
11,007
17,191
total long term liabilities
32,000
37,000
13,000
8,350
17,550
28,073
20,075
22,391
17,191
30,150
29,500
20,648
13,041
total liabilities
969,570
1,232,679
618,929
328,466
408,083
456,283
288,106
406,950
283,173
273,140
407,078
445,742
270,362
192,335
168,389
net assets
4,772,638
3,954,711
2,604,223
2,069,910
1,827,837
1,449,847
877,214
653,407
230,051
285,007
198,052
34,940
8,606
26,817
40,357
total shareholders funds
4,772,638
3,954,711
2,604,223
2,069,910
1,827,837
1,449,847
877,214
653,407
230,051
285,007
198,052
34,940
8,606
26,817
40,357
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
970,786
1,592,875
646,731
297,149
465,301
700,872
274,401
528,669
-55,531
109,692
211,834
34,650
-18,211
-13,544
51,881
Depreciation
52,977
43,146
47,292
58,053
70,306
80,473
59,267
46,533
37,356
35,375
21,031
7,971
2,440
3,521
6,781
Amortisation
Tax
-272,642
-316,781
-125,333
-56,783
-88,664
-134,321
-52,498
-105,839
-23,115
-48,722
-8,316
-14,528
Stock
123,653
378,162
130,594
40,280
22,204
-25,924
106,018
26,485
18,450
5,282
4,505
26,645
-46,377
28,409
58,332
Debtors
-180,119
1,041,205
172,968
-222,504
113,660
20,182
-164,221
241,253
2,432
-181,911
-2,103
167,377
57,681
-19,023
145,152
Creditors
-259,133
328,063
231,668
-13,137
-72,154
61,533
-59,007
78,552
-103,264
-134,588
-47,516
167,773
64,986
23,946
168,389
Accruals and Deferred Income
1,024
261,687
54,145
-57,280
27,725
96,330
-59,837
51,409
112,122
2,966
11,168
Deferred Taxes & Provisions
-5,000
24,000
4,650
-9,200
-3,771
10,314
-6,184
17,191
Cash flow from operations
544,478
513,623
555,591
401,026
262,879
820,943
220,529
325,402
-13,008
166,959
145,393
8,056
37,911
4,537
9,039
Investing Activities
capital expenditure
-13,078
-165,651
-66,944
38,644
-44,820
-144,172
-63,343
-43,745
-13,850
-143,077
-15,663
-50,952
-6,115
-10,469
Change in Investments
17,080
-5,817
872,840
cash flow from investments
-30,158
-159,834
-939,784
38,644
-44,820
-144,172
-63,343
-43,745
-13,850
-143,077
-15,663
-50,952
-6,115
-10,469
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-16,016
-2,316
-2,316
7,607
13,041
share issue
3,000
interest
119,784
74,394
12,915
1,706
1,353
6,082
1,903
526
575
378
4
4
cash flow from financing
119,784
74,394
12,915
1,706
1,353
6,082
1,903
526
-15,441
-1,938
-2,316
7,607
13,041
4
3,004
cash and cash equivalents
cash
634,103
428,183
-371,278
402,733
302,876
782,205
78,261
262,585
-72,194
151,171
-1,574
1,574
overdraft
change in cash
634,103
428,183
-371,278
402,733
302,876
782,205
78,261
262,585
-72,194
151,171
-1,574
1,574
third millennium systems limited 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 third millennium systems limited. Get real-time insights into third millennium systems limited's credit score, group structure and payment trends.
Third Millennium Systems Limited Competitor Analysis
Perform a competitor analysis for third millennium systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CF15 area or any other competitors across 12 key performance metrics.
third millennium systems limited Ownership
THIRD MILLENNIUM SYSTEMS LIMITED group structure
Third Millennium Systems Limited has no subsidiary companies.
Ultimate parent company
THIRD MILLENNIUM SYSTEMS LIMITED
03199053
THIRD MILLENNIUM SYSTEMS LIMITED Shareholders
The largest shareholders in Third Millennium Systems Limited include Peter Jones and Cheryl Leigh Jones.
peter jones
55%
cheryl leigh jones
45%
third millennium systems limited directors
Third Millennium Systems Limited currently has 2 directors.
The longest serving directors include
Mr Martin Huddart (Jan 2025) and
Mr Bjorn Lidefelt (Mar 2025).
62012 - Business and domestic software development
incorporation date
May 1996
age
29
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
3 cae gwyrdd, tongwynlais, cardiff, CF15 7AB
Bank
-
Legal Advisor
-
third millennium systems 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 2 charges/mortgages relating to third millennium systems limited. Currently there are 0 open charges and 2 have been satisfied in the past.
third millennium systems limited 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.
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third millennium systems limitedCompanies House Filings - See Documents
