tees financial limited
tees financial limited Company Information
Company Number
04342506
Next Accounts
Dec 2025
Shareholders
trusttees limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
tees house 95 london road, bishops stortford, hertfordshire, CM23 3GW
Website
www.teeslaw.co.uktees financial limited Estimated Valuation
Pomanda estimates the enterprise value of TEES FINANCIAL LIMITED at £4m based on a Turnover of £3m and 1.33x industry multiple (adjusted for size and gross margin).
tees financial limited Estimated Valuation
Pomanda estimates the enterprise value of TEES FINANCIAL LIMITED at £0 based on an EBITDA of £-440.4k and a 4.58x industry multiple (adjusted for size and gross margin).
tees financial limited Estimated Valuation
Pomanda estimates the enterprise value of TEES FINANCIAL LIMITED at £7.5m based on Net Assets of £5.7m and 1.31x industry multiple (adjusted for liquidity).
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Tees Financial Limited Overview
Tees Financial Limited is a live company located in hertfordshire, CM23 3GW with a Companies House number of 04342506. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 2001, it's largest shareholder is trusttees limited with a 100% stake. Tees Financial Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with high growth in recent years.
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Tees Financial Limited Health Check
Pomanda's financial health check has awarded Tees Financial Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £3m, make it smaller than the average company (£5.3m)
- Tees Financial Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.7%)
- Tees Financial Limited
6.7% - Industry AVG
Production
with a gross margin of 55.6%, this company has a comparable cost of product (55.6%)
- Tees Financial Limited
55.6% - Industry AVG
Profitability
an operating margin of -14.8% make it less profitable than the average company (9.1%)
- Tees Financial Limited
9.1% - Industry AVG
Employees
with 28 employees, this is above the industry average (12)
28 - Tees Financial Limited
12 - Industry AVG
Pay Structure
on an average salary of £79.7k, the company has an equivalent pay structure (£79.7k)
- Tees Financial Limited
£79.7k - Industry AVG
Efficiency
resulting in sales per employee of £106.4k, this is less efficient (£217.3k)
- Tees Financial Limited
£217.3k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (32 days)
- Tees Financial Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (41 days)
- Tees Financial Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tees Financial Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 478 weeks, this is more cash available to meet short term requirements (29 weeks)
478 weeks - Tees Financial Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.4%, this is a lower level of debt than the average (69.1%)
5.4% - Tees Financial Limited
69.1% - Industry AVG
TEES FINANCIAL LIMITED financials
Tees Financial Limited's latest turnover from March 2024 is estimated at £3 million and the company has net assets of £5.7 million. According to their latest financial statements, Tees Financial Limited has 28 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,729,104 | 1,624,268 | 1,910,110 | 1,904,636 | 1,635,380 | 1,667,465 | 1,206,526 | 976,223 | 886,399 | 696,521 | 855,225 | 837,405 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,238 | 7,368 | 6,995 | 2,928 | 5,000 | ||||||||||
| Gross Profit | 1,729,104 | 1,624,268 | 1,910,110 | 1,904,636 | 1,635,380 | 1,666,227 | 1,199,158 | 969,228 | 883,471 | 691,521 | 855,225 | ||||
| Admin Expenses | 1,911,725 | 1,645,729 | 1,849,990 | 1,575,413 | 1,400,492 | 1,641,711 | 1,359,006 | 980,447 | 843,929 | 652,281 | 730,276 | ||||
| Operating Profit | -182,621 | -21,461 | 60,120 | 329,223 | 234,888 | 24,516 | -159,848 | -11,219 | 39,542 | 39,240 | 124,949 | 82,374 | |||
| Interest Payable | 2,041 | 227 | 43 | 982 | 36,446 | 9,626 | 42 | ||||||||
| Interest Receivable | 21,164 | 26 | 18,489 | 11,514 | 2,178 | 1,171 | 1,057 | 1,331 | 630 | ||||||
| Pre-Tax Profit | -65,719 | 5,079,573 | 60,120 | 329,180 | 233,932 | 6,559 | -157,960 | -9,041 | 13,213 | 40,297 | 126,280 | 82,962 | |||
| Tax | 18,324 | -56,177 | -38,828 | -90,084 | -77,373 | -50,295 | 2,363 | 556 | 5,657 | -8,060 | -26,362 | -17,442 | |||
| Profit After Tax | -47,395 | 5,023,396 | 21,292 | 239,096 | 156,559 | -43,736 | -155,597 | -8,485 | 18,870 | 32,237 | 99,918 | 65,520 | |||
| Dividends Paid | 100,000 | 100,000 | 100,000 | ||||||||||||
| Retained Profit | -47,395 | 5,023,396 | 21,292 | 239,096 | 156,559 | -43,736 | -155,597 | -8,485 | 18,870 | -67,763 | -82 | -34,480 | |||
| Employee Costs | 1,227,555 | 1,270,271 | 1,155,446 | 957,970 | 862,482 | 928,881 | 973,297 | 734,407 | 563,173 | 473,658 | 528,667 | 477,978 | |||
| Number Of Employees | 28 | 23 | 21 | 21 | 26 | 25 | 22 | 20 | 24 | 26 | 21 | 21 | 21 | 20 | 19 |
| EBITDA* | -181,469 | 15,119 | 205,327 | 473,932 | 379,085 | 275,930 | -159,317 | -8,221 | 43,028 | 41,841 | 128,468 | 151,748 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 880 | 1,490 | 2,642 | 3,475 | 5,618 | 3,094 | 4,227 | 4,759 | 14,845 | 18,289 | 19,056 | 21,657 | 22,514 | ||
| Intangible Assets | 35,747 | 178,811 | 321,875 | 464,939 | |||||||||||
| Investments & Other | 720,000 | 1,465 | 1,465 | 1,465 | 1,465 | 1,465 | |||||||||
| Debtors (Due After 1 year) | 679,000 | ||||||||||||||
| Total Fixed Assets | 880 | 1,490 | 681,642 | 39,222 | 184,429 | 324,969 | 469,166 | 724,759 | 16,310 | 19,754 | 20,521 | 23,122 | 23,979 | ||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 16,780 | 12,600 | 10,486 | 6,593 | 18,340 | 4,964 | 8,824 | 8,514 | 16,691 | 8,473 | 11,572 | 11,685 | 6,688 | 1,975 | 1,783 |
| Group Debtors | 2,683,990 | 2,907,614 | 2,984,420 | 3,183,237 | 1,315,985 | 998,823 | 578,150 | 105 | 199 | ||||||
| Misc Debtors | 344,304 | 278,770 | 335,793 | 1,009,382 | 940,460 | 287,740 | 319,124 | 297,511 | 240,762 | 327,398 | 198,523 | 198,095 | 152,131 | 111,914 | 99,703 |
| Cash | 2,993,145 | 3,102,120 | 2,739,370 | 1,585,969 | 3,312,367 | 83,015 | 216,114 | 300,224 | 153,847 | 102,534 | 295,322 | 269,541 | 301,694 | 418,987 | 423,816 |
| misc current assets | |||||||||||||||
| total current assets | 6,038,219 | 6,301,104 | 6,070,069 | 5,785,181 | 5,587,152 | 1,374,542 | 1,122,212 | 606,249 | 411,300 | 438,405 | 505,522 | 479,520 | 460,513 | 532,876 | 525,302 |
| total assets | 6,038,219 | 6,301,104 | 6,070,949 | 5,786,671 | 6,268,794 | 1,413,764 | 1,306,641 | 931,218 | 880,466 | 1,163,164 | 521,832 | 499,274 | 481,034 | 555,998 | 549,281 |
| Bank overdraft | |||||||||||||||
| Bank loan | 99,023 | ||||||||||||||
| Trade Creditors | 23,447 | 12,619 | 3,993 | 11,008 | 11,871 | 7,226 | 15,975 | 3,558 | 350 | 25,823 | 7,327 | 4,169 | 3,955 | 1,532 | |
| Group/Directors Accounts | 201,509 | 562,051 | 382,134 | 219,278 | 309,930 | 201,303 | 200 | 200 | 572 | 200 | 200 | ||||
| other short term finances | 58,817 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 301,852 | 295,116 | 267,910 | 93,935 | 267,474 | 138,760 | 224,097 | 213,043 | 181,406 | 290,902 | 88,829 | 60,389 | 60,870 | 70,526 | 65,201 |
| total current liabilities | 325,299 | 307,735 | 271,903 | 104,943 | 539,671 | 708,037 | 622,206 | 435,879 | 491,686 | 617,051 | 96,356 | 64,758 | 65,397 | 72,258 | 65,401 |
| loans | 128,597 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 50,000 | 100,000 | 150,000 | ||||||||||||
| provisions | 2,363 | 2,918 | 2,909 | 3,249 | 3,307 | ||||||||||
| total long term liabilities | 50,000 | 100,000 | 278,597 | 2,363 | 2,918 | 2,909 | 3,249 | 3,307 | |||||||
| total liabilities | 325,299 | 307,735 | 271,903 | 104,943 | 539,671 | 708,037 | 622,206 | 485,879 | 591,686 | 895,648 | 98,719 | 67,676 | 68,306 | 75,507 | 68,708 |
| net assets | 5,712,920 | 5,993,369 | 5,799,046 | 5,681,728 | 5,729,123 | 705,727 | 684,435 | 445,339 | 288,780 | 267,516 | 423,113 | 431,598 | 412,728 | 480,491 | 480,573 |
| total shareholders funds | 5,712,920 | 5,993,369 | 5,799,046 | 5,681,728 | 5,729,123 | 705,727 | 684,435 | 445,339 | 288,780 | 267,516 | 423,113 | 431,598 | 412,728 | 480,491 | 480,573 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -182,621 | -21,461 | 60,120 | 329,223 | 234,888 | 24,516 | -159,848 | -11,219 | 39,542 | 39,240 | 124,949 | 82,374 | |||
| Depreciation | 880 | 610 | 1,152 | 833 | 2,143 | 1,645 | 1,133 | 1,062 | 531 | 2,998 | 3,486 | 2,601 | 3,519 | 3,919 | |
| Amortisation | 35,747 | 143,064 | 143,064 | 143,064 | 250,352 | 65,455 | |||||||||
| Tax | 18,324 | -56,177 | -38,828 | -90,084 | -77,373 | -50,295 | 2,363 | 556 | 5,657 | -8,060 | -26,362 | -17,442 | |||
| Stock | |||||||||||||||
| Debtors | -153,910 | -131,715 | -868,513 | 1,245,427 | 1,662,258 | 385,429 | 600,073 | 48,572 | -78,418 | 125,671 | 221 | 51,160 | 44,930 | 12,403 | 101,486 |
| Creditors | 10,828 | 8,626 | -7,015 | -863 | 4,645 | -8,749 | 12,417 | 3,208 | -25,473 | 18,496 | 3,158 | 214 | 2,423 | 1,532 | |
| Accruals and Deferred Income | 6,736 | 27,206 | 173,975 | -173,539 | 128,714 | -85,337 | 11,054 | 31,637 | -109,496 | 202,073 | 28,440 | -481 | -9,656 | 5,325 | 65,201 |
| Deferred Taxes & Provisions | -2,363 | -555 | 9 | -340 | -58 | 3,307 | |||||||||
| Cash flow from operations | -1,582,974 | -1,569,957 | -313,016 | -192,754 | 287,985 | 169,084 | -64,419 | 23,157 | -2,733 | -18,722 | 96,502 | 101,328 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | -725,090 | -2,719 | -2,662 | -1,101 | |||||||||||
| Change in Investments | -720,000 | 718,535 | 1,465 | ||||||||||||
| cash flow from investments | -1,443,625 | -2,719 | -2,662 | -2,566 | |||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -99,023 | 99,023 | |||||||||||||
| Group/Directors Accounts | -201,509 | -360,542 | 179,917 | 162,856 | -90,652 | 108,627 | 201,103 | -372 | 372 | 200 | |||||
| Other Short Term Loans | -58,817 | 58,817 | |||||||||||||
| Long term loans | -128,597 | 128,597 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -50,000 | -50,000 | -50,000 | 150,000 | |||||||||||
| share issue | |||||||||||||||
| interest | 19,123 | -227 | -43 | -956 | -17,957 | 1,888 | 2,178 | 1,171 | 1,057 | 1,331 | 588 | ||||
| cash flow from financing | -241,203 | -301,952 | 179,917 | 112,813 | -141,608 | -121,950 | 580,611 | 2,178 | 799 | 1,429 | 1,331 | 515,841 | |||
| cash and cash equivalents | |||||||||||||||
| cash | -108,975 | 362,750 | 1,153,401 | -1,726,398 | 3,229,352 | -133,099 | -84,110 | 146,377 | 51,313 | -192,788 | 25,781 | -32,153 | -117,293 | -4,829 | 423,816 |
| overdraft | |||||||||||||||
| change in cash | -108,975 | 362,750 | 1,153,401 | -1,726,398 | 3,229,352 | -133,099 | -84,110 | 146,377 | 51,313 | -192,788 | 25,781 | -32,153 | -117,293 | -4,829 | 423,816 |
tees financial limited Credit Report and Business Information
Tees Financial Limited Competitor Analysis
Perform a competitor analysis for tees financial limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CM23 area or any other competitors across 12 key performance metrics.
tees financial limited Ownership
TEES FINANCIAL LIMITED group structure
Tees Financial Limited has no subsidiary companies.
tees financial limited directors
Tees Financial Limited currently has 4 directors. The longest serving directors include Mr David Redfern (Dec 2001) and Mr Ashton Hunt (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Redfern | 67 years | Dec 2001 | - | Director | |
| Mr Ashton Hunt | England | 57 years | Jan 2016 | - | Director |
| Mr Adrian Bedford | 57 years | Apr 2018 | - | Director | |
| Mr James Appleby | United Kingdom | 58 years | Dec 2018 | - | Director |
P&L
March 2024turnover
3m
+33%
operating profit
-440.4k
0%
gross margin
55.6%
-4.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.7m
-0.05%
total assets
6m
-0.04%
cash
3m
-0.04%
net assets
Total assets minus all liabilities
tees financial limited company details
company number
04342506
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
December 2001
age
24
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
tee financial plc (December 2014)
accountant
-
auditor
PRICE BAILEY LLP
address
tees house 95 london road, bishops stortford, hertfordshire, CM23 3GW
Bank
BARCLAYS BANK PLC
Legal Advisor
-
tees financial 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 tees financial limited. Currently there are 1 open charges and 2 have been satisfied in the past.
tees financial 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.
Click to start generating capital raising & share issue transactions for TEES FINANCIAL LIMITED. This can take several minutes, an email will notify you when this has completed.
tees financial limited Companies House Filings - See Documents
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