tenet group limited
tenet group limited Company Information
Company Number
03909395
Website
www.tenetgroup.co.ukRegistered Address
5 lister hill, horsforth, leeds, west yorkshire, LS18 5AZ
Industry
Activities of financial services holding companies
Telephone
01132390011
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
abrdn plc 26.7%
aviva life holdings uk limited 25%
View Alltenet group limited Estimated Valuation
The estimated valuation range for tenet group limited, derived from financial data as of September 2022 and the most recent industry multiples, is between £37.4m to £179.2m
tenet group limited Estimated Valuation
The estimated valuation range for tenet group limited, derived from financial data as of September 2022 and the most recent industry multiples, is between £37.4m to £179.2m
tenet group limited Estimated Valuation
The estimated valuation range for tenet group limited, derived from financial data as of September 2022 and the most recent industry multiples, is between £37.4m to £179.2m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Tenet Group Limited Overview
Tenet Group Limited is a live company located in leeds, LS18 5AZ with a Companies House number of 03909395. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in January 2000, it's largest shareholder is abrdn plc with a 26.7% stake. Tenet Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £121.4m with declining growth in recent years.
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Tenet Group Limited Health Check
Pomanda's financial health check has awarded Tenet Group 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
6 Strong
2 Regular
3 Weak
Size
annual sales of £121.4m, make it larger than the average company (£9.9m)
£121.4m - Tenet Group Limited
£9.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (7.3%)
-12% - Tenet Group Limited
7.3% - Industry AVG
Production
with a gross margin of 15.8%, this company has a higher cost of product (74%)
15.8% - Tenet Group Limited
74% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (10.9%)
3.8% - Tenet Group Limited
10.9% - Industry AVG
Employees
with 259 employees, this is above the industry average (62)
259 - Tenet Group Limited
62 - Industry AVG
Pay Structure
on an average salary of £55k, the company has a lower pay structure (£77.5k)
£55k - Tenet Group Limited
£77.5k - Industry AVG
Efficiency
resulting in sales per employee of £468.6k, this is more efficient (£204.9k)
£468.6k - Tenet Group Limited
£204.9k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (43 days)
40 days - Tenet Group Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (48 days)
61 days - Tenet Group Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tenet Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 64 weeks, this is more cash available to meet short term requirements (30 weeks)
64 weeks - Tenet Group Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a similar level of debt than the average (61.1%)
58.9% - Tenet Group Limited
61.1% - Industry AVG
tenet group limited Credit Report and Business Information
Tenet Group Limited Competitor Analysis
Perform a competitor analysis for tenet group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tenet group limited Ownership
TENET GROUP LIMITED group structure
Tenet Group Limited has 5 subsidiary companies.
Ultimate parent company
TENET GROUP LIMITED
03909395
5 subsidiaries
tenet group limited directors
Tenet Group Limited currently has 6 directors. The longest serving directors include Mr Phillip Hilling (Mar 2013) and Mrs Helen Ball (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Phillip Hilling | 74 years | Mar 2013 | - | Director | |
| Mrs Helen Ball | United Kingdom | 60 years | Dec 2015 | - | Director |
| Mr Jamie Drummond-Smith | 64 years | Oct 2022 | - | Director | |
| Mr Malcolm Reid | Scotland | 49 years | Nov 2022 | - | Director |
| Mr Richard Fletcher | United Kingdom | 44 years | Jun 2023 | - | Director |
| Ms Judith Worthy | United Kingdom | 58 years | Aug 2023 | - | Director |
TENET GROUP LIMITED financials
Tenet Group Limited's latest turnover from September 2022 is £121.4 million and the company has net assets of £27.9 million. According to their latest financial statements, Tenet Group Limited has 259 employees and maintains cash reserves of £34.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 121,363,000 | 157,445,000 | 160,711,000 | 178,147,000 | 167,838,000 | 168,589,000 | 153,734,288 | 136,345,780 | 125,228,203 | 118,016,736 | 96,344,425 | 86,365,615 | 79,062,157 | 76,331,866 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 102,237,000 | 133,913,000 | 141,030,000 | 155,164,000 | 144,879,000 | 146,957,000 | 132,515,853 | 115,759,056 | 104,814,477 | 98,782,038 | 78,373,172 | 67,664,108 | 61,868,869 | 57,912,688 |
| Gross Profit | 19,126,000 | 23,532,000 | 19,681,000 | 22,983,000 | 22,959,000 | 21,632,000 | 21,218,435 | 20,586,724 | 20,413,726 | 19,234,698 | 17,971,253 | 18,701,507 | 17,193,288 | 18,419,178 |
| Admin Expenses | 14,472,000 | 44,744,000 | 23,900,000 | 19,662,000 | 21,505,000 | 22,138,000 | 20,865,549 | 20,356,353 | 20,355,446 | 19,309,785 | 22,944,418 | 19,494,290 | 18,783,995 | 18,042,511 |
| Operating Profit | 4,654,000 | -21,212,000 | -4,219,000 | 3,321,000 | 1,454,000 | -506,000 | 352,886 | 230,371 | 58,280 | -75,087 | -4,973,165 | -792,783 | -1,590,707 | 376,667 |
| Interest Payable | 47,000 | 138,000 | 20,000 | 30,000 | 1,000 | 1,000 | 10 | 1,105 | 8,245 | 9,510 | 76 | 7 | 21,782 | 21,683 |
| Interest Receivable | 261,000 | 43,000 | 159,000 | 214,000 | 151,000 | 131,000 | 231,389 | 242,687 | 305,379 | 385,780 | 429,780 | 501,981 | 440,524 | 651,262 |
| Pre-Tax Profit | 4,868,000 | -21,307,000 | -4,080,000 | 3,505,000 | 1,604,000 | -376,000 | 584,265 | 471,952 | 355,414 | 301,183 | -4,543,461 | -290,809 | -1,171,965 | 1,006,246 |
| Tax | -80,000 | -323,000 | -330,000 | 78,000 | 88,000 | 0 | 0 | 0 | -6,688 | 0 | 105,840 | 66,323 | 184,218 | -15,010 |
| Profit After Tax | 4,788,000 | -21,630,000 | -4,410,000 | 3,583,000 | 1,692,000 | -376,000 | 584,265 | 471,952 | 348,726 | 301,183 | -4,437,621 | -224,486 | -987,747 | 991,236 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,788,000 | -21,630,000 | -4,410,000 | 3,583,000 | 1,692,000 | -318,000 | 627,393 | 506,005 | 348,726 | 301,183 | -4,437,621 | -224,486 | -987,747 | 991,236 |
| Employee Costs | 14,255,000 | 13,374,000 | 12,788,000 | 13,102,000 | 11,641,000 | 10,457,000 | 10,296,194 | 10,203,657 | 10,030,327 | 9,917,288 | 9,418,659 | 10,374,829 | 10,101,749 | 10,560,308 |
| Number Of Employees | 259 | 250 | 266 | 270 | 265 | 282 | 255 | 260 | 261 | 262 | 247 | 257 | 248 | 251 |
| EBITDA* | 7,247,000 | -19,045,000 | -2,742,000 | 4,770,000 | 2,459,000 | 685,000 | 1,508,965 | 1,481,493 | 1,292,480 | 790,353 | -4,296,297 | -292,932 | -376,308 | 920,121 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,409,000 | 4,154,000 | 4,403,000 | 3,614,000 | 4,289,000 | 3,800,000 | 3,732,230 | 3,316,092 | 2,633,474 | 1,536,777 | 1,680,406 | 1,707,930 | 1,017,109 | 733,170 |
| Intangible Assets | 12,494,000 | 11,841,000 | 17,115,000 | 15,522,000 | 13,028,000 | 11,971,000 | 12,221,466 | 12,172,475 | 12,387,736 | 12,686,101 | 11,524,312 | 10,658,792 | 10,695,223 | 11,483,150 |
| Investments & Other | 24,000 | 47,000 | 47,000 | 234,000 | 234,000 | 234,000 | 0 | 0 | 140,676 | 75,723 | 15,020 | 15,020 | 15,020 | 15,020 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,903,000 | 15,995,000 | 21,518,000 | 19,136,000 | 17,317,000 | 15,771,000 | 15,953,696 | 15,488,567 | 15,021,210 | 14,222,878 | 13,204,718 | 12,366,722 | 11,712,332 | 12,216,320 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 13,492,000 | 13,936,000 | 15,295,000 | 11,875,000 | 6,378,000 | 8,551,000 | 8,226,222 | 8,731,365 | 10,418,273 | 8,502,453 | 10,232,757 | 13,547,059 | 12,141,269 | 11,330,321 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,210,000 | 2,617,000 | 1,879,000 | 4,086,000 | 2,856,000 | 2,987,000 | 3,506,716 | 2,098,886 | 0 | 1,428,744 | 1,415,112 | 1,077,229 | 1,434,234 | 1,274,161 |
| Cash | 34,331,000 | 23,509,000 | 27,534,000 | 30,400,000 | 26,084,000 | 24,195,000 | 22,725,391 | 22,271,677 | 21,719,346 | 23,602,604 | 24,434,828 | 26,659,792 | 27,812,050 | 28,413,467 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 260,850 | 0 |
| total current assets | 53,033,000 | 40,062,000 | 44,708,000 | 46,361,000 | 35,318,000 | 35,733,000 | 34,458,329 | 33,101,928 | 32,137,619 | 33,533,801 | 36,082,697 | 41,284,080 | 41,648,403 | 41,017,949 |
| total assets | 67,936,000 | 56,057,000 | 66,226,000 | 65,497,000 | 52,635,000 | 51,504,000 | 50,412,025 | 48,590,495 | 47,158,829 | 47,756,679 | 49,287,415 | 53,650,802 | 53,360,735 | 53,234,269 |
| Bank overdraft | 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 |
| Trade Creditors | 17,155,000 | 16,620,000 | 21,858,000 | 22,238,000 | 9,842,000 | 12,835,000 | 9,456,743 | 8,793,081 | 6,857,917 | 6,413,421 | 4,948,748 | 5,800,946 | 4,716,175 | 5,648,755 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 281,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,121,000 | 6,228,000 | 3,004,000 | 0 | 11,215,000 | 8,783,000 | 3,363,205 | 2,670,765 | 3,138,472 | 2,763,880 | 5,566,301 | 2,990,275 | 4,674,210 | 3,619,272 |
| total current liabilities | 27,557,000 | 22,848,000 | 24,862,000 | 22,238,000 | 21,057,000 | 21,618,000 | 12,819,948 | 11,463,846 | 9,996,389 | 9,177,301 | 10,515,049 | 8,791,221 | 9,390,385 | 9,268,027 |
| loans | 902,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 451,000 | 0 | 0 | 0 | 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 | 193,000 | 1,925,000 | 1,095,000 | 604,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 23,652,000 | 44,326,000 | 19,036,000 | 14,988,000 | 0 | 0 | 14,775,946 | 15,099,876 | 16,183,468 | 19,898,418 | 21,005,854 | 24,226,034 | 21,998,600 | 20,014,890 |
| total long term liabilities | 12,470,000 | 24,088,000 | 10,613,000 | 8,098,000 | 0 | 0 | 7,387,973 | 7,549,938 | 8,091,734 | 9,949,209 | 10,502,927 | 12,113,017 | 10,999,300 | 10,007,445 |
| total liabilities | 40,027,000 | 46,936,000 | 35,475,000 | 30,336,000 | 21,057,000 | 21,618,000 | 20,207,921 | 19,013,784 | 18,088,123 | 19,126,510 | 21,017,976 | 20,904,238 | 20,389,685 | 19,275,472 |
| net assets | 27,909,000 | 9,121,000 | 30,751,000 | 35,161,000 | 31,578,000 | 29,886,000 | 30,204,104 | 29,576,711 | 29,070,706 | 28,630,169 | 28,269,439 | 32,746,564 | 32,971,050 | 33,958,797 |
| total shareholders funds | 27,909,000 | 9,121,000 | 30,751,000 | 35,161,000 | 31,578,000 | 29,886,000 | 30,204,104 | 29,576,711 | 29,070,706 | 28,630,169 | 28,269,439 | 32,746,564 | 32,971,050 | 33,958,797 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,654,000 | -21,212,000 | -4,219,000 | 3,321,000 | 1,454,000 | -506,000 | 352,886 | 230,371 | 58,280 | -75,087 | -4,973,165 | -792,783 | -1,590,707 | 376,667 |
| Depreciation | 1,074,000 | 1,528,000 | 1,014,000 | 1,014,000 | 776,000 | 929,000 | 888,682 | 946,397 | 956,434 | 865,440 | 676,868 | 463,420 | 426,472 | 495,242 |
| Amortisation | 1,519,000 | 639,000 | 463,000 | 435,000 | 229,000 | 262,000 | 267,397 | 304,725 | 277,766 | 0 | 0 | 36,431 | 787,927 | 48,212 |
| Tax | -80,000 | -323,000 | -330,000 | 78,000 | 88,000 | 0 | 0 | 0 | -6,688 | 0 | 105,840 | 66,323 | 184,218 | -15,010 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,149,000 | -621,000 | 1,213,000 | 6,727,000 | -2,304,000 | -194,938 | 902,687 | 411,978 | 487,076 | -1,716,672 | -2,976,419 | 1,048,785 | 971,021 | 12,604,482 |
| Creditors | 535,000 | -5,238,000 | -380,000 | 12,396,000 | -2,993,000 | 3,378,257 | 663,662 | 1,935,164 | 444,496 | 1,464,673 | -852,198 | 1,084,771 | -932,580 | 5,648,755 |
| Accruals and Deferred Income | 3,893,000 | 3,224,000 | 3,004,000 | -11,215,000 | 2,432,000 | 5,419,795 | 692,440 | -467,707 | 374,592 | -2,802,421 | 2,576,026 | -1,683,935 | 1,054,938 | 3,619,272 |
| Deferred Taxes & Provisions | -20,674,000 | 25,290,000 | 4,048,000 | 14,988,000 | 0 | -14,775,946 | -323,930 | -1,083,592 | -3,714,950 | -1,107,436 | -3,220,180 | 2,227,434 | 1,983,710 | 20,014,890 |
| Cash flow from operations | -11,228,000 | 4,529,000 | 2,387,000 | 14,290,000 | 4,290,000 | -5,097,956 | 1,638,450 | 1,453,380 | -2,097,146 | 61,841 | -2,710,390 | 352,876 | 942,957 | 17,583,546 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -23,000 | 0 | -187,000 | 0 | 0 | 234,000 | 0 | -140,676 | 64,953 | 60,703 | 0 | 0 | 0 | 15,020 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 902,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 732,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,732,000 | 830,000 | 491,000 | 604,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 214,000 | -95,000 | 139,000 | 184,000 | 150,000 | 130,000 | 231,379 | 241,582 | 297,134 | 376,270 | 429,704 | 501,974 | 418,742 | 629,579 |
| cash flow from financing | 14,116,000 | 735,000 | 630,000 | 788,000 | 150,000 | 129,896 | 231,379 | 241,582 | 388,945 | 435,817 | 390,200 | 501,974 | 418,742 | 33,597,140 |
| cash and cash equivalents | ||||||||||||||
| cash | 10,822,000 | -4,025,000 | -2,866,000 | 4,316,000 | 1,889,000 | 1,469,609 | 453,714 | 552,331 | -1,883,258 | -832,224 | -2,224,964 | -1,152,258 | -601,417 | 28,413,467 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 10,822,000 | -4,025,000 | -2,866,000 | 4,316,000 | 1,889,000 | 1,469,609 | 453,714 | 552,331 | -1,883,258 | -832,224 | -2,224,964 | -1,152,258 | -601,417 | 28,413,467 |
P&L
September 2022turnover
121.4m
-23%
operating profit
4.7m
-122%
gross margin
15.8%
+5.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
27.9m
+2.06%
total assets
67.9m
+0.21%
cash
34.3m
+0.46%
net assets
Total assets minus all liabilities
tenet group limited company details
company number
03909395
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
January 2000
age
24
accounts
Group
ultimate parent company
previous names
tenet limited (January 2004)
pinco 1342 limited (May 2000)
incorporated
UK
address
5 lister hill, horsforth, leeds, west yorkshire, LS18 5AZ
last accounts submitted
September 2022
tenet group 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 did not find charges/mortgages relating to tenet group limited.
tenet group limited Companies House Filings - See Documents
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