tic (the independent choice) limitedEstimated Valuation
£702.5k
Pomanda estimates the enterprise value of TIC (THE INDEPENDENT CHOICE) LIMITED at £702.5k based on a Turnover of £1.2m and 0.59x industry multiple (adjusted for size and gross margin).
tic (the independent choice) limitedEstimated Valuation
£1.7m
Pomanda estimates the enterprise value of TIC (THE INDEPENDENT CHOICE) LIMITED at £1.7m based on an EBITDA of £662.9k and a 2.5x industry multiple (adjusted for size and gross margin).
tic (the independent choice) limitedEstimated Valuation
£6.2m
Pomanda estimates the enterprise value of TIC (THE INDEPENDENT CHOICE) LIMITED at £6.2m based on Net Assets of £2.6m and 2.41x industry multiple (adjusted for liquidity).
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Tic (the Independent Choice) LimitedOverview
Tic (the Independent Choice) Limited is a live company located in hampshire, RG25 2AD with a Companies House number of 04470264. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in June 2002, it's largest shareholder is
jmcp holdings limited
with a 100% stake. Tic (the Independent Choice) Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.2m with
declining
growth in recent years.
Pomanda's financial health check has awarded Tic (The Independent Choice) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£12.7m)
£1.2m - Tic (the Independent Choice) Limited
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.6%)
-11% - Tic (the Independent Choice) Limited
4.6% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (38.7%)
18.3% - Tic (the Independent Choice) Limited
38.7% - Industry AVG
Profitability
an operating margin of 55.1% make it more profitable than the average company (4.5%)
55.1% - Tic (the Independent Choice) Limited
4.5% - Industry AVG
Employees
with 21 employees, this is below the industry average (54)
21 - Tic (the Independent Choice) Limited
54 - Industry AVG
Pay Structure
on an average salary of £62.4k, the company has an equivalent pay structure (£62.4k)
£62.4k - Tic (the Independent Choice) Limited
£62.4k - Industry AVG
Efficiency
resulting in sales per employee of £56.5k, this is less efficient (£227.3k)
£56.5k - Tic (the Independent Choice) Limited
£227.3k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (40 days)
43 days - Tic (the Independent Choice) Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (43 days)
46 days - Tic (the Independent Choice) Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is more than average (12 days)
29 days - Tic (the Independent Choice) Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 18 weeks, this is more cash available to meet short term requirements (9 weeks)
18 weeks - Tic (the Independent Choice) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.4%, this is a lower level of debt than the average (63.7%)
20.4% - Tic (the Independent Choice) Limited
63.7% - Industry AVG
TIC (THE INDEPENDENT CHOICE) LIMITED financials
EXPORT
Tic (The Independent Choice) Limited's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of £2.6 million. According to their latest financial statements, Tic (The Independent Choice) Limited has 21 employees and maintains cash reserves of £227.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Turnover
1,185,481
1,326,380
1,444,252
1,702,455
2,156,317
1,909,814
1,286,504
1,243,685
1,944,465
627,332
402,960
468,453
458,042
584,589
450,202
Other Income Or Grants
Cost Of Sales
969,115
1,073,134
1,187,928
1,385,170
1,716,852
1,553,205
1,014,401
980,407
1,511,201
489,508
315,103
363,663
354,656
448,930
355,534
Gross Profit
216,366
253,246
256,324
317,285
439,466
356,609
272,103
263,277
433,265
137,823
87,856
104,790
103,386
135,659
94,668
Admin Expenses
-436,281
-316,730
-368,076
307,628
195,442
218,868
-16,505
14,061
283,610
132,093
122,045
4,736
85,409
66,621
-20,941
Operating Profit
652,647
569,976
624,400
9,657
244,024
137,741
288,608
249,216
149,655
5,730
-34,189
100,054
17,977
69,038
115,609
Interest Payable
8
7
3
3
Interest Receivable
18,628
21,487
4,548
659
7,918
10,640
5,929
2,207
3,142
2,245
2,432
2,504
1,873
1,437
624
Pre-Tax Profit
671,275
591,463
628,940
10,309
251,942
148,381
294,537
251,420
152,794
7,975
-31,757
102,558
19,850
70,475
116,233
Tax
-167,819
-112,378
-119,499
-1,959
-47,869
-28,192
-55,962
-50,284
-30,559
-1,675
-24,614
-5,161
-19,733
-32,545
Profit After Tax
503,456
479,085
509,441
8,350
204,073
120,189
238,575
201,136
122,235
6,300
-31,757
77,944
14,689
50,742
83,688
Dividends Paid
Retained Profit
503,456
479,085
509,441
8,350
204,073
120,189
238,575
201,136
122,235
6,300
-31,757
77,944
14,689
50,742
83,688
Employee Costs
1,310,538
1,590,415
1,321,070
1,291,177
1,493,980
1,388,860
1,257,581
1,288,050
1,274,991
103,436
50,814
94,627
92,631
90,638
96,368
Number Of Employees
21
26
23
23
27
24
23
24
25
2
1
2
2
2
2
EBITDA*
662,882
576,673
634,687
18,256
252,905
148,056
298,894
259,392
162,039
17,382
-24,467
105,389
23,557
75,833
121,206
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Tangible Assets
106,544
14,471
21,138
29,662
34,421
33,085
37,387
39,531
35,012
45,444
44,270
25,173
31,142
31,207
29,548
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
106,544
14,471
21,138
29,662
34,421
33,085
37,387
39,531
35,012
45,444
44,270
25,173
31,142
31,207
29,548
Stock & work in progress
78,646
65,000
71,508
66,476
64,903
60,000
76,047
60,779
46,387
39,119
14,416
7,669
19,640
14,810
15,847
Trade Debtors
141,630
128,691
212,697
16,053
12,549
83,734
47,708
43,441
52,081
96,873
66,374
Group Debtors
2,612,533
1,897,258
1,302,408
853,390
1,075,804
Misc Debtors
85,566
13,657
14,912
13,780
20,293
2,432
19,621
Cash
227,943
481,688
529,444
683,392
634,520
1,476,949
1,360,433
1,011,136
754,362
502,440
395,484
577,424
424,125
324,914
249,689
misc current assets
total current assets
3,146,318
2,586,294
2,116,057
1,618,170
1,789,007
1,557,242
1,454,965
1,084,464
820,370
625,293
457,608
628,534
495,846
436,597
331,910
total assets
3,252,862
2,600,765
2,137,195
1,647,832
1,823,428
1,590,327
1,492,352
1,123,995
855,382
670,737
501,878
653,707
526,988
467,804
361,458
Bank overdraft
245
103
Bank loan
Trade Creditors
123,975
117,372
208,686
245,516
281,649
329,264
716,290
589,569
254,046
459,427
297,250
420,358
371,583
325,511
272,700
Group/Directors Accounts
36,649
4,248
145
other short term finances
hp & lease commitments
other current liabilities
476,473
394,019
314,207
297,210
446,362
370,448
269,304
total current liabilities
637,097
511,391
522,893
542,971
728,011
699,712
720,538
589,569
523,598
459,427
297,250
420,358
371,583
325,511
272,700
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
26,119
3,184
7,197
7,197
6,103
5,374
6,762
7,447
6,443
8,204
8,022
4,986
4,986
6,563
3,770
total long term liabilities
26,119
3,184
7,197
7,197
6,103
5,374
6,762
7,949
6,443
8,204
8,022
4,986
4,986
6,563
3,770
total liabilities
663,216
514,575
530,090
550,168
734,114
705,086
727,300
597,518
530,041
467,631
305,272
425,344
376,569
332,074
276,470
net assets
2,589,646
2,086,190
1,607,105
1,097,664
1,089,314
885,241
765,052
526,477
325,341
203,106
196,606
228,363
150,419
135,730
84,988
total shareholders funds
2,589,646
2,086,190
1,607,105
1,097,664
1,089,314
885,241
765,052
526,477
325,341
203,106
196,606
228,363
150,419
135,730
84,988
Mar 2024
Mar 2023
Mar 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Operating Activities
Operating Profit
652,647
569,976
624,400
9,657
244,024
137,741
288,608
249,216
149,655
5,730
-34,189
100,054
17,977
69,038
115,609
Depreciation
10,235
6,697
10,287
8,599
8,881
10,315
10,286
10,176
12,384
11,652
9,722
5,335
5,580
6,795
5,597
Amortisation
Tax
-167,819
-112,378
-119,499
-1,959
-47,869
-28,192
-55,962
-50,284
-30,559
-1,675
-24,614
-5,161
-19,733
-32,545
Stock
13,646
-6,508
5,032
1,573
4,903
-16,047
15,268
14,392
7,268
24,703
6,747
-11,971
4,830
-1,037
15,847
Debtors
800,123
524,501
646,803
-221,282
1,069,291
1,808
5,936
-7,072
-64,113
36,026
4,267
-8,640
-44,792
30,499
66,374
Creditors
6,603
-91,314
-36,830
-36,133
-47,615
-387,026
126,721
335,523
-205,381
162,177
-123,108
48,775
46,072
52,811
272,700
Accruals and Deferred Income
82,454
79,812
16,997
-149,152
75,914
370,448
-269,304
269,304
Deferred Taxes & Provisions
22,935
-4,013
1,094
729
-1,388
-685
1,004
-1,761
182
3,036
-1,577
2,793
3,770
Cash flow from operations
-206,714
-69,213
-156,480
51,815
-840,130
116,137
347,764
269,011
250,487
117,337
-155,553
150,161
102,853
82,242
282,910
Investing Activities
capital expenditure
-102,308
-30
-1,763
-3,840
-10,217
-6,013
-8,142
-14,695
-1,952
-12,826
-28,819
634
-5,515
-8,454
-35,145
Change in Investments
cash flow from investments
-102,308
-30
-1,763
-3,840
-10,217
-6,013
-8,142
-14,695
-1,952
-12,826
-28,819
634
-5,515
-8,454
-35,145
Financing Activities
Bank loans
Group/Directors Accounts
36,649
-4,248
4,248
-145
145
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
200
1,300
interest
18,628
21,487
4,540
652
7,918
10,640
5,929
2,204
3,139
2,245
2,432
2,504
1,873
1,437
624
cash flow from financing
55,277
21,487
4,540
652
7,918
6,392
10,177
2,059
3,284
2,445
2,432
2,504
1,873
1,437
1,924
cash and cash equivalents
cash
-253,745
-47,756
-153,948
48,872
-842,429
116,516
349,297
256,774
251,922
106,956
-181,940
153,299
99,211
75,225
249,689
overdraft
-245
245
-103
103
change in cash
-253,745
-47,756
-153,703
48,627
-842,429
116,516
349,297
256,877
251,819
106,956
-181,940
153,299
99,211
75,225
249,689
tic (the independent choice) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tic (the independent choice) limited. Get real-time insights into tic (the independent choice) limited's credit score, group structure and payment trends.
Tic (the Independent Choice) Limited Competitor Analysis
Perform a competitor analysis for tic (the independent choice) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in RG25 area or any other competitors across 12 key performance metrics.
tic (the independent choice) limited Ownership
TIC (THE INDEPENDENT CHOICE) LIMITED group structure
Tic (The Independent Choice) Limited has no subsidiary companies.
The sole shareholder of Tic (The Independent Choice) Limited is Jmcp Holdings Limited.
jmcp holdings limited
100%
tic (the independent choice) limited directors
Tic (The Independent Choice) Limited currently has 7 directors.
The longest serving directors include
Mrs Michelle Moody (Aug 2021) and
Mr Alex Moody (Aug 2021).
glebe farm down street, dummer, hampshire, RG25 2AD
Bank
-
Legal Advisor
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tic (the independent choice) 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 tic (the independent choice) limited. Currently there are 2 open charges and 1 have been satisfied in the past.
tic (the independent choice) 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 TIC (THE INDEPENDENT CHOICE) LIMITED. This can take several minutes, an email will notify you when this has completed.
tic (the independent choice) limitedCompanies House Filings - See Documents
