trackwise designs plc
trackwise designs plc Company Information
Company Number
03959572
Next Accounts
566 days late
Shareholders
undisclosed
Group Structure
View All
Industry
Manufacture of electronic components
Registered Address
2nd floor 120 colmore row, birmingham, B3 3BD
Website
www.trackwise.co.uktrackwise designs plc Estimated Valuation
Pomanda estimates the enterprise value of TRACKWISE DESIGNS PLC at £7.2m based on a Turnover of £8m and 0.9x industry multiple (adjusted for size and gross margin).
trackwise designs plc Estimated Valuation
Pomanda estimates the enterprise value of TRACKWISE DESIGNS PLC at £191.8k based on an EBITDA of £36k and a 5.33x industry multiple (adjusted for size and gross margin).
trackwise designs plc Estimated Valuation
Pomanda estimates the enterprise value of TRACKWISE DESIGNS PLC at £54.6m based on Net Assets of £24.5m and 2.23x industry multiple (adjusted for liquidity).
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Trackwise Designs Plc Overview
Trackwise Designs Plc is a live company located in birmingham, B3 3BD with a Companies House number of 03959572. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in March 2000, it's largest shareholder is undisclosed with a 100% stake. Trackwise Designs Plc is a mature, mid sized company, Pomanda has estimated its turnover at £8m with rapid growth in recent years.
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Trackwise Designs Plc Health Check
Pomanda's financial health check has awarded Trackwise Designs Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £8m, make it smaller than the average company (£15.4m)
£8m - Trackwise Designs Plc
£15.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (-0.8%)
32% - Trackwise Designs Plc
-0.8% - Industry AVG
Production
with a gross margin of 28.9%, this company has a comparable cost of product (29.7%)
28.9% - Trackwise Designs Plc
29.7% - Industry AVG
Profitability
an operating margin of -20.9% make it less profitable than the average company (5.9%)
-20.9% - Trackwise Designs Plc
5.9% - Industry AVG
Employees
with 132 employees, this is above the industry average (81)
132 - Trackwise Designs Plc
81 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£44.6k)
£41.9k - Trackwise Designs Plc
£44.6k - Industry AVG
Efficiency
resulting in sales per employee of £60.7k, this is less efficient (£167.2k)
£60.7k - Trackwise Designs Plc
£167.2k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (54 days)
69 days - Trackwise Designs Plc
54 days - Industry AVG
Creditor Days
its suppliers are paid after 147 days, this is slower than average (36 days)
147 days - Trackwise Designs Plc
36 days - Industry AVG
Stock Days
it holds stock equivalent to 129 days, this is more than average (80 days)
129 days - Trackwise Designs Plc
80 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (24 weeks)
30 weeks - Trackwise Designs Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.3%, this is a lower level of debt than the average (40.4%)
33.3% - Trackwise Designs Plc
40.4% - Industry AVG
TRACKWISE DESIGNS PLC financials
Trackwise Designs Plc's latest turnover from December 2021 is £8 million and the company has net assets of £24.5 million. According to their latest financial statements, Trackwise Designs Plc has 132 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 8,011,000 | 6,068,000 | 2,906,000 | 3,468,000 | 2,821,000 | 2,769,792 | |||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 5,699,000 | 4,350,000 | 1,805,000 | 2,416,000 | 1,917,000 | 1,526,445 | |||||||
| Gross Profit | 2,312,000 | 1,718,000 | 1,101,000 | 1,052,000 | 904,000 | 1,243,347 | |||||||
| Admin Expenses | 3,990,000 | 2,259,000 | 1,152,000 | 927,000 | 837,000 | 926,839 | |||||||
| Operating Profit | -1,678,000 | -541,000 | -51,000 | 125,000 | 67,000 | 316,508 | |||||||
| Interest Payable | 301,000 | 195,000 | 83,000 | 65,000 | 80,000 | 43,748 | |||||||
| Interest Receivable | 3,000 | 4,000 | 5,000 | 8,000 | |||||||||
| Pre-Tax Profit | -1,976,000 | 406,000 | -129,000 | 68,000 | -13,000 | 272,760 | |||||||
| Tax | 324,000 | 828,000 | 81,000 | 7,000 | 21,000 | -19,733 | |||||||
| Profit After Tax | -1,652,000 | 1,234,000 | -48,000 | 75,000 | 8,000 | 253,027 | |||||||
| Dividends Paid | 120,000 | 120,000 | |||||||||||
| Retained Profit | -1,652,000 | 1,234,000 | -48,000 | 75,000 | -112,000 | 133,027 | |||||||
| Employee Costs | 5,534,000 | 4,027,000 | 2,236,000 | 1,753,000 | 1,053,000 | ||||||||
| Number Of Employees | 132 | 96 | 48 | 42 | 33 | ||||||||
| EBITDA* | 36,000 | 639,000 | 457,000 | 418,000 | 228,000 | 483,719 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 13,131,000 | 8,175,000 | 2,547,000 | 1,264,000 | 1,257,000 | 614,807 | 492,776 | 194,744 | 115,907 | 150,795 | 205,017 | 206,419 | 234,656 |
| Intangible Assets | 9,932,000 | 6,482,000 | 4,268,000 | 2,619,000 | 1,649,000 | 1,096,620 | 632,846 | 428,117 | 148,761 | 147,620 | 164,306 | 180,993 | 197,680 |
| Investments & Other | 608 | 608 | |||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 23,063,000 | 14,657,000 | 6,815,000 | 3,883,000 | 2,906,000 | 1,711,427 | 1,125,622 | 622,861 | 264,668 | 298,415 | 369,323 | 388,020 | 432,944 |
| Stock & work in progress | 2,022,000 | 2,010,000 | 555,000 | 380,000 | 313,000 | 277,900 | 232,879 | 309,648 | 314,232 | 229,356 | 203,717 | 161,192 | 222,144 |
| Trade Debtors | 1,531,000 | 1,381,000 | 831,000 | 524,000 | 419,000 | 577,136 | 532,073 | 392,846 | 591,951 | 505,581 | 845,109 | 568,795 | 473,206 |
| Group Debtors | |||||||||||||
| Misc Debtors | 6,264,000 | 371,000 | 826,000 | 322,000 | 131,000 | 94,982 | 17,241 | ||||||
| Cash | 2,897,000 | 13,930,000 | 567,000 | 2,786,000 | 166,000 | 121,774 | 56,464 | 55,987 | 28,185 | 116,007 | 72,362 | 111,159 | 111,645 |
| misc current assets | 156,000 | 95,000 | |||||||||||
| total current assets | 13,572,000 | 18,496,000 | 3,117,000 | 4,168,000 | 1,124,000 | 1,071,792 | 821,416 | 758,481 | 934,368 | 850,944 | 1,121,188 | 841,146 | 824,236 |
| total assets | 36,635,000 | 33,153,000 | 9,932,000 | 8,051,000 | 4,030,000 | 2,783,219 | 1,947,038 | 1,381,342 | 1,199,036 | 1,149,359 | 1,490,511 | 1,229,166 | 1,257,180 |
| Bank overdraft | 71,000 | 172,985 | |||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 2,305,000 | 1,076,000 | 652,000 | 332,000 | 428,000 | 420,979 | 900,981 | 477,502 | 575,264 | 523,156 | 666,904 | 518,240 | 507,056 |
| Group/Directors Accounts | |||||||||||||
| other short term finances | 733,000 | 128,000 | 49,000 | ||||||||||
| hp & lease commitments | 1,046,000 | 927,000 | 339,000 | 161,000 | 662,000 | 105,091 | |||||||
| other current liabilities | 710,000 | 880,000 | 394,000 | 483,000 | 695,000 | 82,708 | |||||||
| total current liabilities | 4,865,000 | 3,011,000 | 1,385,000 | 976,000 | 1,834,000 | 781,763 | 900,981 | 477,502 | 575,264 | 523,156 | 666,904 | 518,240 | 507,056 |
| loans | 11,028,000 | 8,156,000 | 2,506,000 | 1,253,000 | 196,772 | ||||||||
| hp & lease commitments | 3,648,000 | 4,078,000 | 1,253,000 | 357,000 | 410,000 | 360,731 | 49,420 | ||||||
| Accruals and Deferred Income | 1,067,000 | 910,000 | 306,000 | 189,449 | |||||||||
| other liabilities | 856,000 | 23,261 | 25,667 | 76,028 | |||||||||
| provisions | 1,476,000 | 570,000 | 802,000 | 616,000 | 254,000 | 180,536 | 85,156 | 30,901 | 15,484 | 34,119 | 43,999 | 27,038 | 27,431 |
| total long term liabilities | 7,319,000 | 5,273,000 | 2,510,000 | 1,204,000 | 970,000 | 927,488 | 134,576 | 54,162 | 15,484 | 34,119 | 43,999 | 52,705 | 103,459 |
| total liabilities | 12,184,000 | 8,284,000 | 3,895,000 | 2,180,000 | 2,804,000 | 1,709,251 | 1,035,557 | 531,664 | 590,748 | 557,275 | 710,903 | 570,945 | 610,515 |
| net assets | 24,451,000 | 24,869,000 | 6,037,000 | 5,871,000 | 1,226,000 | 1,073,968 | 911,481 | 849,678 | 608,288 | 592,084 | 779,608 | 658,221 | 646,665 |
| total shareholders funds | 24,451,000 | 24,869,000 | 6,037,000 | 5,871,000 | 1,226,000 | 1,073,968 | 911,481 | 849,678 | 608,288 | 592,084 | 779,608 | 658,221 | 646,665 |
| 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 | -1,678,000 | -541,000 | -51,000 | 125,000 | 67,000 | 316,508 | |||||||
| Depreciation | 1,288,000 | 915,000 | 325,000 | 196,000 | 155,000 | 101,391 | 79,495 | 57,946 | 54,547 | 96,615 | 100,888 | 72,780 | 97,382 |
| Amortisation | 426,000 | 265,000 | 183,000 | 97,000 | 6,000 | 65,820 | 46,918 | 17,578 | 16,687 | 16,687 | 16,687 | 16,687 | 16,687 |
| Tax | 324,000 | 828,000 | 81,000 | 7,000 | 21,000 | -19,733 | |||||||
| Stock | 12,000 | 1,455,000 | 175,000 | 67,000 | 35,100 | 45,021 | -76,769 | -4,584 | 84,876 | 25,639 | 42,525 | -60,952 | 222,144 |
| Debtors | 6,043,000 | 95,000 | 811,000 | 296,000 | -122,118 | 140,045 | 139,227 | -199,105 | 86,370 | -339,528 | 276,314 | 78,348 | 490,447 |
| Creditors | 1,229,000 | 424,000 | 320,000 | -96,000 | 7,021 | -480,002 | 423,479 | -97,762 | 52,108 | -143,748 | 148,664 | 11,184 | 507,056 |
| Accruals and Deferred Income | -13,000 | 1,396,000 | -89,000 | -518,000 | 728,843 | 272,157 | |||||||
| Deferred Taxes & Provisions | 906,000 | -232,000 | 186,000 | 362,000 | 73,464 | 95,380 | 54,255 | 15,417 | -18,635 | -9,880 | 16,961 | -393 | 27,431 |
| Cash flow from operations | -3,573,000 | 1,505,000 | -31,000 | -190,000 | 1,145,346 | 166,455 | |||||||
| Investing Activities | |||||||||||||
| capital expenditure | -659,000 | ||||||||||||
| Change in Investments | -608 | 608 | |||||||||||
| cash flow from investments | -659,000 | ||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | 605,000 | 128,000 | -49,000 | 49,000 | |||||||||
| Long term loans | 2,872,000 | 5,650,000 | 1,253,000 | 1,253,000 | -196,772 | 196,772 | |||||||
| Hire Purchase and Lease Commitments | -311,000 | 3,413,000 | 1,074,000 | -554,000 | 606,178 | 416,402 | 49,420 | ||||||
| other long term liabilities | -856,000 | 856,000 | -23,261 | 23,261 | -25,667 | -50,361 | 76,028 | ||||||
| share issue | |||||||||||||
| interest | -298,000 | -191,000 | -78,000 | -57,000 | -80,000 | -43,748 | |||||||
| cash flow from financing | 4,102,000 | 25,742,000 | 3,319,000 | 5,163,000 | 642,438 | 598,886 | |||||||
| cash and cash equivalents | |||||||||||||
| cash | -11,033,000 | 13,363,000 | -2,219,000 | 2,620,000 | 44,226 | 65,310 | 477 | 27,802 | -87,822 | 43,645 | -38,797 | -486 | 111,645 |
| overdraft | 71,000 | -172,985 | 172,985 | ||||||||||
| change in cash | -11,104,000 | 13,363,000 | -2,219,000 | 2,620,000 | 217,211 | -107,675 | 477 | 27,802 | -87,822 | 43,645 | -38,797 | -486 | 111,645 |
trackwise designs plc Credit Report and Business Information
Trackwise Designs Plc Competitor Analysis
Perform a competitor analysis for trackwise designs plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in B 3 area or any other competitors across 12 key performance metrics.
trackwise designs plc Ownership
TRACKWISE DESIGNS PLC group structure
Trackwise Designs Plc has 1 subsidiary company.
Ultimate parent company
TRACKWISE DESIGNS PLC
03959572
1 subsidiary
trackwise designs plc directors
Trackwise Designs Plc currently has 4 directors. The longest serving directors include Mr Philip Johnston (Apr 2000) and Mr Paul Cook (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Johnston | 62 years | Apr 2000 | - | Director | |
| Mr Paul Cook | England | 60 years | Jul 2022 | - | Director |
| Mr Christopher Pennison | United Kingdom | 58 years | Jan 2023 | - | Director |
| Mr Andrew Lapping | England | 62 years | Jan 2023 | - | Director |
P&L
December 2021turnover
8m
+32%
operating profit
-1.7m
+210%
gross margin
28.9%
+1.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
24.5m
-0.02%
total assets
36.6m
+0.11%
cash
2.9m
-0.79%
net assets
Total assets minus all liabilities
trackwise designs plc company details
company number
03959572
Type
Public limited with Share Capital
industry
26110 - Manufacture of electronic components
incorporation date
March 2000
age
25
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
trackwise designs limited (July 2018)
bremhold limited (June 2001)
accountant
-
auditor
MAZARS LLP
address
2nd floor 120 colmore row, birmingham, B3 3BD
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
trackwise designs plc 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 14 charges/mortgages relating to trackwise designs plc. Currently there are 4 open charges and 10 have been satisfied in the past.
trackwise designs plc 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 TRACKWISE DESIGNS PLC. This can take several minutes, an email will notify you when this has completed.
trackwise designs plc Companies House Filings - See Documents
| date | description | view/download |
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