Tangent Construction Limited

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tangent construction limited Company Information

Live

MatureSmallHigh

Company Number

04013435

Website

www.tangentconstruction.co.uk

Registered Address

unit 3 tangent business park, casebourne road, hartlepool, TS25 1FA

Industry

Construction of commercial buildings

Telephone

01429222002

Next Accounts Due

November 2025

Group Structure

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Directors

Stephen Sutheran17 Years

Liam Sutheran7 Years

Shareholders

stephen edward sutheran 48%

lynn sutheran 47%

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tangent construction limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of TANGENT CONSTRUCTION LIMITED at £1.8m based on an EBITDA of £498.5k and a 3.64x industry multiple (adjusted for size and gross margin).

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Tangent Construction Limited is a live company located in hartlepool, TS25 1FA with a Companies House number of 04013435. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in June 2000, it's largest shareholder is stephen edward sutheran with a 48% stake. Tangent Construction Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with high growth in recent years.

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Pomanda's financial health check has awarded Tangent Construction Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.7%)

EXPORT

Tangent Construction Limited's latest turnover from February 2024 is estimated at £2.4 million and the company has net assets of £60.5 thousand. According to their latest financial statements, Tangent Construction Limited has 8 employees and maintains cash reserves of £66 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,413,830	3,845,064	4,692,077	1,583,456	4,947,300	1,275,968	1,069,273	1,688,555	2,627,608	602,030	1,347,357	965,693	1,184,318	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,060,131	3,293,756	4,027,274	1,370,783	4,198,162	1,083,470	905,499	1,449,593	2,263,250	518,617	1,161,309	815,703	986,108	0
Gross Profit	353,700	551,308	664,803	212,673	749,138	192,499	163,773	238,961	364,358	83,413	186,048	149,990	198,210	0
Admin Expenses	-123,412	280,252	496,310	915,389	744,575	241,668	246,557	227,184	55,260	-6,639	127,943	150,803	197,201	-175,477
Operating Profit	477,112	271,056	168,493	-702,716	4,563	-49,169	-82,784	11,777	309,098	90,052	58,105	-813	1,009	175,477
Interest Payable	4,675	2,375	1,625	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,490	4,120	201	14	202	162	691	1,513	1,221	1,281	756	876	942	330
Pre-Tax Profit	477,927	272,801	167,069	-704,227	4,765	-49,007	-82,093	13,290	310,319	91,332	58,861	64	1,951	175,807
Tax	-119,482	-51,832	-31,743	0	-905	0	0	-2,658	-65,167	-21,006	-14,127	-17	-546	-49,226
Profit After Tax	358,445	220,969	135,326	-704,227	3,860	-49,007	-82,093	10,632	245,152	70,326	44,734	47	1,405	126,581
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	358,445	220,969	135,326	-704,227	3,860	-49,007	-82,093	10,632	245,152	70,326	44,734	47	1,405	126,581
Employee Costs	426,703	411,507	394,859	335,238	328,996	314,207	261,640	247,682	360,559	117,010	229,815	150,162	223,311	0
Number Of Employees	8	8	8	7	7	7	6	6	9	3	6	4	6	0
EBITDA*	498,492	297,898	211,655	-641,542	141,458	83,837	41,972	139,444	384,539	144,127	111,510	65,783	62,086	234,625

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	32,925	32,968	48,447	88,645	142,310	262,494	288,829	357,122	407,923	130,166	143,090	119,418	99,951	162,892
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	32,925	32,968	48,447	88,645	142,310	262,494	288,829	357,122	407,923	130,166	143,090	119,418	99,951	162,892
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	540,124	753,495	589,540	62,943	972,551	3,860	906	159,271	399,724	2,310	111,897	98,078	48,767	23,960
Group Debtors	0	0	0	446,490	0	629,648	385,110	0	0	0	0	0	0	0
Misc Debtors	294,928	7,688	158,619	154,014	0	193,058	22,927	0	19,063	0	0	0	0	0
Cash	65,960	153,645	52,373	28,222	44,361	9,495	120,487	432,316	172,717	315,606	196,762	105,602	244,860	132,111
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	901,012	914,828	800,532	691,669	1,016,912	836,061	529,430	591,587	591,504	317,916	308,659	203,680	293,627	156,071
total assets	933,937	947,796	848,979	780,314	1,159,222	1,098,555	818,259	948,709	999,427	448,082	451,749	323,098	393,578	318,963
Bank overdraft	10,000	10,000	0	8,333	0	0	4	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	69,600	342,055	885,254	279,283	550,315	254,019	221,723	304,866	346,047	166,438	240,878	168,185	258,135	154,119
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	4,987	14,960	0	166,327	0	53,775	47,274	0	0	0	0	0	0	0
other current liabilities	493,754	613,339	0	409,544	0	117,338	26,215	0	0	0	0	0	0	0
total current liabilities	578,341	980,354	885,254	863,487	550,315	425,132	295,216	304,866	346,047	166,438	240,878	168,185	258,135	154,119
loans	27,500	37,500	0	41,667	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,786	1,148	0	0	218,346	176,341	50,389	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	264,796	276,625	532,525	579,286	0	79,330	0	75,855	86,371	18,828	14,222	8,335	0	20,973
provisions	0	0	0	0	18,823	49,874	55,867	69,108	78,761	19,720	23,879	18,542	7,454	17,287
total long term liabilities	295,082	315,273	532,525	620,953	237,169	305,545	106,256	144,963	165,132	38,548	38,101	26,877	7,454	38,260
total liabilities	873,423	1,295,627	1,417,779	1,484,440	787,484	730,677	401,472	449,829	511,179	204,986	278,979	195,062	265,589	192,379
net assets	60,514	-347,831	-568,800	-704,126	371,738	367,878	416,787	498,880	488,248	243,096	172,770	128,036	127,989	126,584
total shareholders funds	60,514	-347,831	-568,800	-704,126	371,738	367,878	416,787	498,880	488,248	243,096	172,770	128,036	127,989	126,584

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	477,112	271,056	168,493	-702,716	4,563	-49,169	-82,784	11,777	309,098	90,052	58,105	-813	1,009	175,477
Depreciation	21,380	26,842	43,162	61,174	136,895	133,006	124,756	127,667	75,441	54,075	53,405	66,596	61,077	59,148
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-119,482	-51,832	-31,743	0	-905	0	0	-2,658	-65,167	-21,006	-14,127	-17	-546	-49,226
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	73,869	13,024	84,712	663,447	145,985	417,623	249,672	-259,516	416,477	-109,587	13,819	49,311	24,807	23,960
Creditors	-272,455	-543,199	605,971	279,283	296,296	32,296	-83,143	-41,181	179,609	-74,440	72,693	-89,950	104,016	154,119
Accruals and Deferred Income	-119,585	613,339	-409,544	409,544	-117,338	91,123	26,215	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-31,051	-5,993	-13,241	-9,653	59,041	-4,159	5,337	11,088	-9,833	17,287
Cash flow from operations	-86,899	303,182	291,627	-616,162	142,475	-216,360	-277,869	345,468	141,545	154,109	161,594	-62,407	130,916	332,845
Investing Activities
capital expenditure	-21,337	-11,363	-2,964	-149,819	-16,711	-106,671	-56,463	-76,866	-353,198	-41,151	-77,077	-86,063	1,864	-222,040
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-21,337	-11,363	-2,964	-149,819	-16,711	-106,671	-56,463	-76,866	-353,198	-41,151	-77,077	-86,063	1,864	-222,040
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	-10,000	37,500	-41,667	41,667	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-8,335	16,108	-166,327	166,327	-11,770	132,453	97,663	0	0	0	0	0	0	0
other long term liabilities	-11,829	-255,900	-46,761	579,286	-79,330	79,330	-75,855	-10,516	67,543	4,606	5,887	8,335	-20,973	20,973
share issue	49,900	0	0	101	0	98	0	0	0	0	0	0	0	3
interest	815	1,745	-1,424	-1,511	202	162	691	1,513	1,221	1,281	756	876	942	330
cash flow from financing	20,551	-200,547	-256,179	785,870	-90,898	212,043	22,499	-9,003	68,764	5,887	6,643	9,211	-20,031	21,306
cash and cash equivalents
cash	-87,685	101,272	24,151	28,222	34,866	-110,992	-311,829	259,599	-142,889	118,844	91,160	-139,258	112,749	132,111
overdraft	0	10,000	-8,333	8,333	0	-4	4	0	0	0	0	0	0	0
change in cash	-87,685	91,272	32,484	19,889	34,866	-110,988	-311,833	259,599	-142,889	118,844	91,160	-139,258	112,749	132,111

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TANGENT CONSTRUCTION LIMITED group structure

Tangent Construction Limited has no subsidiary companies.

Ultimate parent company

TANGENT CONSTRUCTION LIMITED

04013435

TANGENT CONSTRUCTION LIMITED Shareholders

stephen edward sutheran	48%
lynn sutheran	47%
liam sutheran	5%
amy sutheran	0%

Tangent Construction Limited currently has 2 directors. The longest serving directors include Mr Stephen Sutheran (May 2007) and Mr Liam Sutheran (Jun 2017).

officer	country	age	start	end	role
Mr Stephen Sutheran	United Kingdom	69 years	May 2007	-	Director
Mr Liam Sutheran	United Kingdom	35 years	Jun 2017	-	Director

P&L

February 2024

turnover

2.4m

-37%

operating profit

477.1k

gross margin

14.7%

+2.2%

turnover

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

Balance Sheet

February 2024

net assets

60.5k

-1.17%

total assets

933.9k

-0.01%

cash

66k

-0.57%

net assets

Total assets minus all liabilities

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company number

04013435

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

June 2000

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

February 2024

address

unit 3 tangent business park, casebourne road, hartlepool, TS25 1FA

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 tangent construction limited. Currently there are 0 open charges and 1 have been satisfied in the past.

tangent construction limited Company Information

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tangent construction limited Estimated Valuation

tangent construction limited Estimated Valuation

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