technical surfaces limited

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technical surfaces limited Company Information

Share TECHNICAL SURFACES LIMITED

Company Number

03614587

Shareholders

jack james group limited

Group Structure

View All

Industry

Other personal service activities n.e.c.

 

Registered Address

unit 2 meridian west, meridian business park, leicester, LE19 1WX

technical surfaces limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of TECHNICAL SURFACES LIMITED at £3.6m based on a Turnover of £4.5m and 0.8x industry multiple (adjusted for size and gross margin).

technical surfaces limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of TECHNICAL SURFACES LIMITED at £2.1m based on an EBITDA of £451.5k and a 4.7x industry multiple (adjusted for size and gross margin).

technical surfaces limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of TECHNICAL SURFACES LIMITED at £3.1m based on Net Assets of £1.4m and 2.27x industry multiple (adjusted for liquidity).

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Technical Surfaces Limited Overview

Technical Surfaces Limited is a live company located in leicester, LE19 1WX with a Companies House number of 03614587. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in August 1998, it's largest shareholder is jack james group limited with a 100% stake. Technical Surfaces Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.

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Technical Surfaces Limited Health Check

Pomanda's financial health check has awarded Technical Surfaces Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

5 Regular

positive_score

3 Weak

size

Size

annual sales of £4.5m, make it larger than the average company (£1.2m)

£4.5m - Technical Surfaces Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.9%)

0% - Technical Surfaces Limited

7.9% - Industry AVG

production

Production

with a gross margin of 41.6%, this company has a comparable cost of product (41.6%)

41.6% - Technical Surfaces Limited

41.6% - Industry AVG

profitability

Profitability

an operating margin of 5.2% make it as profitable than the average company (6.4%)

5.2% - Technical Surfaces Limited

6.4% - Industry AVG

employees

Employees

with 48 employees, this is above the industry average (15)

48 - Technical Surfaces Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)

£34.5k - Technical Surfaces Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £92.9k, this is equally as efficient (£104.1k)

£92.9k - Technical Surfaces Limited

£104.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is later than average (31 days)

40 days - Technical Surfaces Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 69 days, this is slower than average (40 days)

69 days - Technical Surfaces Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 14 days, this is less than average (40 days)

14 days - Technical Surfaces Limited

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (38 weeks)

17 weeks - Technical Surfaces Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.1%, this is a similar level of debt than the average (48%)

51.1% - Technical Surfaces Limited

48% - Industry AVG

TECHNICAL SURFACES LIMITED financials

EXPORTms excel logo

Technical Surfaces Limited's latest turnover from December 2023 is estimated at £4.5 million and the company has net assets of £1.4 million. According to their latest financial statements, Technical Surfaces Limited has 48 employees and maintains cash reserves of £318 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover4,459,1675,067,5463,224,5973,525,0824,500,0443,668,5004,279,7853,008,2152,854,5594,863,9165,010,4365,015,4265,331,3014,515,9785,377,061
Other Income Or Grants000000000000000
Cost Of Sales2,606,2032,665,6721,611,9492,166,7842,705,0742,197,8962,598,1101,775,1701,667,2392,882,1542,966,9972,863,2143,090,7882,494,4473,021,702
Gross Profit1,852,9642,401,8741,612,6481,358,2981,794,9701,470,6041,681,6751,233,0451,187,3201,981,7622,043,4392,152,2122,240,5132,021,5312,355,359
Admin Expenses1,622,6462,002,3291,134,7691,363,8862,053,0261,403,8681,707,1881,094,2641,078,1511,934,7732,008,1342,154,5532,195,8642,196,9011,534,391
Operating Profit230,318399,545477,879-5,588-258,05666,736-25,513138,781109,16946,98935,305-2,34144,649-175,370820,968
Interest Payable029,41221,8623,050575061,2191,8751,1584461,7851,67433500
Interest Receivable15,4717302741661,237746463784421380280177499342
Pre-Tax Profit245,789370,206456,017-8,364-257,94767,467-25,985137,369108,79546,96533,900-3,73544,491-174,871821,310
Tax-61,4470-128,60200-12,8190-27,474-21,759-9,863-7,7970-11,5680-229,967
Profit After Tax184,342370,206327,415-8,364-257,94754,648-25,985109,89587,03637,10226,103-3,73532,923-174,871591,343
Dividends Paid000000000000000
Retained Profit184,342370,206327,415-8,364-257,94754,648-25,985109,89587,03637,10226,103-3,73532,923-174,871591,343
Employee Costs1,654,3451,476,0901,217,9551,092,1571,218,0621,042,241911,565909,773825,4482,033,8702,174,0752,174,8572,260,8611,867,0501,892,400
Number Of Employees484539434942383833828888927777
EBITDA*451,505635,275657,831282,93318,818212,507-25,513292,217266,174188,322150,74171,915127,891-83,257897,143

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets875,581816,266970,598957,0631,237,150611,393572,385603,661652,079586,801496,244298,897292,662333,276398,839
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)0857,4840000000000000
Total Fixed Assets875,5811,673,750970,598957,0631,237,150611,393572,385603,661652,079586,801496,244298,897292,662333,276398,839
Stock & work in progress104,46341,09140,08544,98795,45223,91026,29934,04863,80963,31857,34960,51361,34245,61535,000
Trade Debtors498,988399,202370,416456,845567,821526,879668,432419,034387,118563,099595,627598,861665,191584,005679,842
Group Debtors1,007,4840455,000000000000000
Misc Debtors28,13225,15136,07698,844259,502152,5680277,879120,573000000
Cash318,003271,385578,707424,604123,199209,163120,785177,751192,613120,87247,708104,3267,69463,125136,661
misc current assets0142,6480000000000000
total current assets1,957,070879,4771,480,2841,025,2801,045,974912,520815,516908,712764,113747,289700,684763,700734,227692,745851,503
total assets2,832,6512,553,2272,450,8821,982,3432,283,1241,523,9131,387,9011,512,3731,416,1921,334,0901,196,9281,062,5971,026,8891,026,0211,250,342
Bank overdraft000001,87511,25011,25011,250013,73127,46210,31900
Bank loan000100,00000000000000
Trade Creditors 496,121405,372341,050320,992571,077285,059333,949222,464247,744505,795385,606469,357445,544448,253500,419
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments249,95200000000074,42026,88844,31837,66527,462
other current liabilities176,595247,330572,466422,455466,699324,960237,907365,686319,326000000
total current liabilities922,668652,702913,516843,4471,037,776611,894583,106599,400578,320505,795473,757523,707500,181485,918527,881
loans0000001,87513,12524,3750013,731000
hp & lease commitments0528,487513,060499,514570,66800000186,32655,49751,31195,62996,116
Accruals and Deferred Income309,56900000000000000
other liabilities0000086,79341,077113,830128,645230,69800000
provisions215,068171,034228,543171,034197,96890,56781,83280,02288,75188,53265,08024,00026,00028,00035,000
total long term liabilities524,637699,521741,603670,548768,636177,360124,784206,977241,771319,230251,40693,22877,311123,629131,116
total liabilities1,447,3051,352,2231,655,1191,513,9951,806,412789,254707,890806,377820,091825,025725,163616,935577,492609,547658,997
net assets1,385,3461,201,004795,763468,348476,712734,659680,011705,996596,101509,065471,765445,662449,397416,474591,345
total shareholders funds1,385,3461,201,004795,763468,348476,712734,659680,011705,996596,101509,065471,765445,662449,397416,474591,345
Dec 2023Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit230,318399,545477,879-5,588-258,05666,736-25,513138,781109,16946,98935,305-2,34144,649-175,370820,968
Depreciation221,187235,730179,952288,521276,874145,7710153,436157,005141,333115,43674,25683,24292,11376,175
Amortisation000000000000000
Tax-61,4470-128,60200-12,8190-27,474-21,759-9,863-7,7970-11,5680-229,967
Stock63,3721,006-55,367-50,46571,542-2,389-7,749-29,7614915,969-3,164-82915,72710,61535,000
Debtors252,767420,34534,169-271,634147,87611,015-28,481189,222-55,408-32,528-3,234-66,33081,186-95,837679,842
Creditors90,74964,322-230,027-250,085286,018-48,890111,485-25,280-258,051120,189-83,75123,813-2,709-52,166500,419
Accruals and Deferred Income238,834-325,136105,767-44,244141,73987,053-127,77946,360319,326000000
Deferred Taxes & Provisions44,034-57,50930,575-26,934107,4018,7351,810-8,72921923,45241,080-2,000-2,000-7,00035,000
Cash flow from operations447,536-104,399456,742283,769334,558237,960-3,767117,633360,826348,659106,671160,88714,701-57,201487,753
Investing Activities
capital expenditure-280,502-81,39886,600-8,434-902,631-184,77931,276-105,018-222,283-231,890-312,783-80,491-42,628-26,550-475,014
Change in Investments000000000000000
cash flow from investments-280,502-81,39886,600-8,434-902,631-184,77931,276-105,018-222,283-231,890-312,783-80,491-42,628-26,550-475,014
Financing Activities
Bank loans000100,00000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans00000-1,875-11,250-11,25024,3750-13,73113,731000
Hire Purchase and Lease Commitments-278,53515,427-57,608-71,154570,6680000-260,746178,361-13,244-37,6659,716123,578
other long term liabilities0000-86,79345,716-72,753-14,815-102,053230,69800000
share issue035,035-8,36400000019800002
interest15,471-29,339-21,862-2,776109731-473-1,412-374-25-1,405-1,394-158499342
cash flow from financing-263,06421,123-87,83426,070483,98444,572-84,476-27,477-78,052-29,875163,225-907-37,82310,215123,922
cash and cash equivalents
cash46,618-307,322455,508301,405-85,96488,378-56,966-14,86271,74173,164-56,61896,632-55,431-73,536136,661
overdraft0000-1,875-9,3750011,250-13,731-13,73117,14310,31900
change in cash46,618-307,322455,508301,405-84,08997,753-56,966-14,86260,49186,895-42,88779,489-65,750-73,536136,661

technical surfaces 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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Technical Surfaces Limited Competitor Analysis

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Perform a competitor analysis for technical surfaces limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in LE19 area or any other competitors across 12 key performance metrics.

technical surfaces limited Ownership

TECHNICAL SURFACES LIMITED group structure

Technical Surfaces Limited has no subsidiary companies.

Ultimate parent company

1 parent

TECHNICAL SURFACES LIMITED

03614587

TECHNICAL SURFACES LIMITED Shareholders

jack james group limited 100%

technical surfaces limited directors

Technical Surfaces Limited currently has 2 directors. The longest serving directors include Mr Jamie Blamire (Mar 2021) and Mr Luke McGeechan (Mar 2021).

officercountryagestartendrole
Mr Jamie BlamireEngland40 years Mar 2021- Director
Mr Luke McGeechanEngland40 years Mar 2021- Director

P&L

December 2023

turnover

4.5m

-12%

operating profit

230.3k

0%

gross margin

41.6%

-12.33%

turnover

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

Balance Sheet

December 2023

net assets

1.4m

+0.15%

total assets

2.8m

+0.11%

cash

318k

+0.17%

net assets

Total assets minus all liabilities

technical surfaces limited company details

company number

03614587

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

August 1998

age

27

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

December 2023

previous names

dura sport technical surfaces limited (December 1998)

double set limited (August 1998)

accountant

SHARLES AUDIT LIMITED

auditor

-

address

unit 2 meridian west, meridian business park, leicester, LE19 1WX

Bank

-

Legal Advisor

-

technical surfaces 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 3 charges/mortgages relating to technical surfaces limited. Currently there are 3 open charges and 0 have been satisfied in the past.

technical surfaces 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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technical surfaces limited Companies House Filings - See Documents

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