Techstitch Limited

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techstitch limited Company Information

Live

MatureSmallRapid

Company Number

04178076

Next Accounts

May 2025

Industry

Other manufacturing n.e.c.

Directors

Alexander Eggett

Shareholders

s. linn

a. eggett

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Group Structure

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Contact

Registered Address

unit c portfield corner, portfield road, portsmouth, PO3 5GP

Website

techstitch limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of TECHSTITCH LIMITED at £2.7m based on a Turnover of £3.6m and 0.73x industry multiple (adjusted for size and gross margin).

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Techstitch Limited is a live company located in portsmouth, PO3 5GP with a Companies House number of 04178076. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 2001, it's largest shareholder is s. linn with a 25% stake. Techstitch Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Techstitch Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £3.6m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of 121%, show it is growing at a faster rate (4.7%)

EXPORT

Techstitch Limited's latest turnover from August 2023 is estimated at £3.6 million and the company has net assets of £287.8 thousand. According to their latest financial statements, we estimate that Techstitch Limited has 21 employees and maintains cash reserves of £6.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,631,536	2,184,829	762,674	334,597	1,458,502	742,838	430,683	560,707	1,654,124	898,183	1,733,659	434,414	794,545	90,081	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,558,219	1,526,740	542,861	237,043	1,016,447	517,718	292,938	379,125	1,129,317	608,881	1,178,209	294,101	538,412	60,530	0
Gross Profit	1,073,317	658,090	219,813	97,555	442,055	225,120	137,745	181,582	524,807	289,302	555,450	140,313	256,133	29,550	0
Admin Expenses	1,036,840	648,905	200,138	44,603	423,735	190,686	110,259	161,760	500,693	246,376	515,010	142,187	235,029	47,722	-74,690
Operating Profit	36,477	9,185	19,675	52,952	18,320	34,434	27,486	19,822	24,114	42,926	40,440	-1,874	21,104	-18,172	74,690
Interest Payable	6,581	5,929	5,353	3,957	2,959	1,617	0	0	0	0	0	0	0	0	0
Interest Receivable	337	125	5	2	11	5	1	2	44	56	15	36	53	42	24
Pre-Tax Profit	30,233	3,381	14,327	48,996	15,372	32,822	27,488	19,824	24,158	42,982	40,455	-1,838	21,157	-18,130	74,714
Tax	-7,558	-642	-2,722	-9,309	-2,921	-6,236	-5,223	-3,965	-4,831	-9,026	-9,305	0	-5,501	0	-20,920
Profit After Tax	22,675	2,739	11,605	39,687	12,451	26,586	22,265	15,859	19,326	33,956	31,150	-1,838	15,656	-18,130	53,794
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	22,675	2,739	11,605	39,687	12,451	26,586	22,265	15,859	19,326	33,956	31,150	-1,838	15,656	-18,130	53,794
Employee Costs	853,140	544,867	222,462	110,507	903,852	213,401	137,178	166,564	390,311	222,815	403,758	125,828	212,287	29,537	0
Number Of Employees	21	14	6	3	25	6	4	5	12	7	13	4	7	1	0
EBITDA*	52,855	28,506	36,941	68,107	62,445	51,399	40,939	34,784	40,732	61,415	57,456	13,209	34,122	-11,487	82,189

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	146,709	189,818	191,575	146,841	151,497	195,622	120,587	134,040	148,714	165,332	151,821	134,087	114,570	57,587	64,272
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	146,709	189,818	191,575	146,841	151,497	195,622	120,587	134,040	148,714	165,332	151,821	134,087	114,570	57,587	64,272
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	530,653	355,194	170,583	73,865	100,802	125,746	93,213	78,927	288,150	151,575	282,428	57,972	119,059	8,521	37,491
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	478,700	395,350	238,324	231,719	147,371	175,850	138,119	294,204	0	0	0	0	0	0	0
Cash	6,581	6,263	8,029	1,890	1,566	1,294	70	1,059	406	17,150	5,283	712	13,529	7,476	9,417
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,015,934	756,807	416,936	307,474	249,739	302,890	231,402	374,190	288,556	168,725	287,711	58,684	132,588	15,997	46,908
total assets	1,162,643	946,625	608,511	454,315	401,236	498,512	351,989	508,230	437,270	334,057	439,532	192,771	247,158	73,584	111,180
Bank overdraft	18,000	18,000	18,000	90,000	0	8,967	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	0
Trade Creditors	689,944	362,576	40,647	13,472	19,421	121,791	35,158	116,471	257,711	159,542	309,672	104,762	175,561	29,286	42,539
Group/Directors Accounts	0	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	0
hp & lease commitments	18,324	23,417	22,866	10,991	0	0	7,491	10,400	0	0	0	0	0	0	0
other current liabilities	51,305	133,617	112,905	43,756	98,039	93,617	115,138	198,247	0	0	0	0	0	0	0
total current liabilities	777,573	537,610	194,418	158,219	117,460	224,375	157,787	325,118	257,711	159,542	309,672	104,762	175,561	29,286	42,539
loans	31,500	49,500	67,500	0	39,753	38,951	0	0	0	0	0	0	0	0	0
hp & lease commitments	29,408	47,317	57,810	19,839	0	0	0	7,492	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	0
other liabilities	0	0	0	0	0	0	0	0	17,075	28,292	20,610	13,840	0	0	5,678
provisions	36,377	47,088	26,412	25,491	32,944	36,558	22,160	25,843	28,566	31,631	28,614	24,683	20,273	8,630	9,165
total long term liabilities	97,285	143,905	151,722	45,330	72,697	75,509	22,160	33,335	45,641	59,923	49,224	38,523	20,273	8,630	14,843
total liabilities	874,858	681,515	346,140	203,549	190,157	299,884	179,947	358,453	303,352	219,465	358,896	143,285	195,834	37,916	57,382
net assets	287,785	265,110	262,371	250,766	211,079	198,628	172,042	149,777	133,918	114,592	80,636	49,486	51,324	35,668	53,798
total shareholders funds	287,785	265,110	262,371	250,766	211,079	198,628	172,042	149,777	133,918	114,592	80,636	49,486	51,324	35,668	53,798

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	36,477	9,185	19,675	52,952	18,320	34,434	27,486	19,822	24,114	42,926	40,440	-1,874	21,104	-18,172	74,690
Depreciation	16,378	19,321	17,266	15,155	44,125	16,965	13,453	14,962	16,618	18,489	17,016	15,083	13,018	6,685	7,499
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,558	-642	-2,722	-9,309	-2,921	-6,236	-5,223	-3,965	-4,831	-9,026	-9,305	0	-5,501	0	-20,920
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	258,809	341,637	103,323	57,411	-53,423	70,264	-141,799	84,981	136,575	-130,853	224,456	-61,087	110,538	-28,970	37,491
Creditors	327,368	321,929	27,175	-5,949	-102,370	86,633	-81,313	-141,240	98,169	-150,130	204,910	-70,799	146,275	-13,253	42,539
Accruals and Deferred Income	-82,312	20,712	69,149	-54,283	4,422	-21,521	-83,109	198,247	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-10,711	20,676	921	-7,453	-3,614	14,398	-3,683	-2,723	-3,065	3,017	3,931	4,410	11,643	-535	9,165
Cash flow from operations	20,833	49,544	28,141	-66,298	11,385	54,409	9,410	122	-5,570	36,129	32,536	7,907	76,001	3,695	75,482
Investing Activities
capital expenditure	26,731	-17,564	-62,000	-10,499	0	-92,000	0	-288	0	-32,000	-34,750	-34,600	-70,001	0	-71,771
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	26,731	-17,564	-62,000	-10,499	0	-92,000	0	-288	0	-32,000	-34,750	-34,600	-70,001	0	-71,771
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-18,000	-18,000	67,500	-39,753	802	38,951	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-23,002	-9,942	49,846	30,830	0	-7,491	-10,401	17,892	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-17,075	-11,217	7,682	6,770	13,840	0	-5,678	5,678
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4
interest	-6,244	-5,804	-5,348	-3,955	-2,948	-1,612	1	2	44	56	15	36	53	42	24
cash flow from financing	-47,246	-33,746	111,998	-12,878	-2,146	29,848	-10,400	819	-11,173	7,738	6,785	13,876	53	-5,636	5,706
cash and cash equivalents
cash	318	-1,766	6,139	324	272	1,224	-989	653	-16,744	11,867	4,571	-12,817	6,053	-1,941	9,417
overdraft	0	0	-72,000	90,000	-8,967	8,967	0	0	0	0	0	0	0	0	0
change in cash	318	-1,766	78,139	-89,676	9,239	-7,743	-989	653	-16,744	11,867	4,571	-12,817	6,053	-1,941	9,417

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TECHSTITCH LIMITED group structure

Techstitch Limited has no subsidiary companies.

Ultimate parent company

TECHSTITCH LIMITED

04178076

TECHSTITCH LIMITED Shareholders

s. linn	25%
a. eggett	25%
d. baker	25%
k. day	25%

Techstitch Limited currently has 1 director, Mr Alexander Eggett serving since Dec 2020.

officer	country	age	start	end	role
Mr Alexander Eggett	England	55 years	Dec 2020	-	Director

P&L

August 2023

turnover

3.6m

+66%

operating profit

36.5k

gross margin

29.6%

-1.88%

turnover

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

Balance Sheet

August 2023

net assets

287.8k

+0.09%

total assets

1.2m

+0.23%

cash

6.6k

+0.05%

net assets

Total assets minus all liabilities

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company number

04178076

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

March 2001

ultimate parent company

None

previous names

N/A

address

unit c portfield corner, portfield road, portsmouth, PO3 5GP

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techstitch limited Company Information

techstitch limited Estimated Valuation

techstitch limited Estimated Valuation

techstitch limited Estimated Valuation

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TECHSTITCH LIMITED financials

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