Pomanda estimates the enterprise value of TSP FULFILMENT LTD at £4.4m based on a Turnover of £7.4m and 0.59x industry multiple (adjusted for size and gross margin).
tsp fulfilment ltdEstimated Valuation
£9.1m
Pomanda estimates the enterprise value of TSP FULFILMENT LTD at £9.1m based on an EBITDA of £2.1m and a 4.37x industry multiple (adjusted for size and gross margin).
tsp fulfilment ltdEstimated Valuation
£5.5m
Pomanda estimates the enterprise value of TSP FULFILMENT LTD at £5.5m based on Net Assets of £2.8m and 2.02x industry multiple (adjusted for liquidity).
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Tsp Fulfilment LtdOverview
Tsp Fulfilment Ltd is a live company located in gateshead, NE10 0EY with a Companies House number of 04519389. It operates in the operation of warehousing and storage facilities for land transport activities sector, SIC Code 52103. Founded in August 2002, it's largest shareholder is
jack g. froggatt
with a 45% stake. Tsp Fulfilment Ltd is a mature,
mid sized company, Pomanda has estimated its turnover at
£7.4m with
high
growth in recent years.
Pomanda's financial health check has awarded Tsp Fulfilment Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
3 Regular
3 Weak
Size
annual sales of £7.4m, make it smaller than the average company (£9.8m)
£7.4m - Tsp Fulfilment Ltd
£9.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (6.6%)
28% - Tsp Fulfilment Ltd
6.6% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)
38.3% - Tsp Fulfilment Ltd
38.3% - Industry AVG
Profitability
an operating margin of 24.8% make it more profitable than the average company (6.9%)
24.8% - Tsp Fulfilment Ltd
6.9% - Industry AVG
Employees
with 70 employees, this is above the industry average (52)
70 - Tsp Fulfilment Ltd
52 - Industry AVG
Pay Structure
on an average salary of £39.8k, the company has an equivalent pay structure (£39.8k)
£39.8k - Tsp Fulfilment Ltd
£39.8k - Industry AVG
Efficiency
resulting in sales per employee of £105.9k, this is less efficient (£155.6k)
£105.9k - Tsp Fulfilment Ltd
£155.6k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (50 days)
46 days - Tsp Fulfilment Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (37 days)
58 days - Tsp Fulfilment Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is more than average (4 days)
9 days - Tsp Fulfilment Ltd
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 43 weeks, this is more cash available to meet short term requirements (13 weeks)
43 weeks - Tsp Fulfilment Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.2%, this is a lower level of debt than the average (55.5%)
42.2% - Tsp Fulfilment Ltd
55.5% - Industry AVG
TSP FULFILMENT LTD financials
EXPORT
Tsp Fulfilment Ltd's latest turnover from September 2023 is estimated at £7.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Tsp Fulfilment Ltd has 70 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
7,412,157
5,575,179
4,774,967
3,508,105
1,618,846
1,685,248
1,835,242
1,124,315
1,695,118
1,531,872
1,639,109
2,247,411
1,653,488
1,196,635
Other Income Or Grants
Cost Of Sales
4,572,790
3,646,063
3,101,266
2,256,897
1,089,151
1,113,334
1,134,096
709,778
1,162,897
1,034,295
1,084,656
1,525,541
1,046,189
761,108
Gross Profit
2,839,368
1,929,116
1,673,701
1,251,208
529,694
571,915
701,147
414,537
532,220
497,577
554,453
721,870
607,299
435,527
Admin Expenses
1,004,333
742,114
1,588,179
1,109,811
568,552
579,662
695,263
406,466
580,301
506,723
519,006
640,620
599,872
434,624
-111,245
Operating Profit
1,835,035
1,187,002
85,522
141,397
-38,858
-7,747
5,884
8,071
-48,081
-9,146
35,447
81,250
7,427
903
111,245
Interest Payable
2,263
6,155
7,963
6,524
5,669
3,014
Interest Receivable
65,638
15,988
370
184
2
2
4
3
Pre-Tax Profit
1,900,673
1,202,990
83,628
135,426
-46,821
-14,271
215
5,056
-48,081
-9,146
35,447
81,253
7,430
907
111,249
Tax
-475,168
-228,568
-15,889
-25,731
-41
-1,011
-8,153
-19,501
-1,932
-254
-31,150
Profit After Tax
1,425,505
974,422
67,739
109,695
-46,821
-14,271
174
4,045
-48,081
-9,146
27,294
61,752
5,498
653
80,099
Dividends Paid
Retained Profit
1,425,505
974,422
67,739
109,695
-46,821
-14,271
174
4,045
-48,081
-9,146
27,294
61,752
5,498
653
80,099
Employee Costs
2,785,149
2,419,871
1,974,946
1,392,855
762,403
713,403
640,016
307,840
470,613
398,295
466,364
591,083
454,604
352,620
Number Of Employees
70
65
57
40
23
21
20
10
15
13
15
19
15
12
EBITDA*
2,074,115
1,338,057
177,472
231,202
52,147
77,264
68,589
65,115
10,526
53,244
101,476
118,670
45,118
39,273
173,122
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
1,100,997
838,954
324,150
349,226
331,795
360,679
323,152
335,969
328,036
330,532
371,985
388,187
405,014
417,232
412,976
Intangible Assets
1,000
2,000
3,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,100,997
838,954
324,150
349,226
331,795
360,679
323,152
335,969
328,036
330,532
371,985
388,187
406,014
419,232
415,976
Stock & work in progress
120,819
124,147
89,740
41,065
18,890
18,970
8,120
4,000
6,100
3,000
16,035
16,035
16,035
23,710
Trade Debtors
937,063
538,893
533,270
364,975
173,383
258,535
317,364
231,303
256,333
226,288
224,337
286,024
185,586
159,883
151,909
Group Debtors
Misc Debtors
1,148,378
560,720
146,527
73,493
49,878
49,549
48,169
50,365
Cash
1,451,381
1,049,126
372,005
368,277
29
29
830
131
1,342
misc current assets
total current assets
3,657,641
2,272,886
1,141,542
847,810
242,151
327,054
373,653
285,668
262,433
226,288
227,366
302,088
202,451
176,049
176,961
total assets
4,758,638
3,111,840
1,465,692
1,197,036
573,946
687,733
696,805
621,637
590,469
556,820
599,351
690,275
608,465
595,281
592,937
Bank overdraft
20,000
104,714
92,017
44,917
57,281
Bank loan
Trade Creditors
728,414
523,304
541,238
489,567
136,675
129,804
120,574
95,870
328,962
264,325
328,947
470,782
415,402
308,360
264,665
Group/Directors Accounts
other short term finances
hp & lease commitments
14,261
55,884
32,719
21,305
16,349
25,349
30,381
18,169
other current liabilities
1,003,708
701,272
563,041
349,998
131,226
172,227
225,416
174,129
total current liabilities
1,746,383
1,280,460
1,136,998
880,870
388,964
419,397
421,288
345,449
328,962
264,325
328,947
470,782
415,402
308,360
264,665
loans
54,205
22,879
16,339
40,027
39,177
hp & lease commitments
14,059
22,235
20,648
11,517
26,989
52,338
49,716
Accruals and Deferred Income
other liabilities
400,000
25,000
50,000
80,962
64,635
27,510
7,934
42,405
140,649
188,844
provisions
259,560
190,127
53,687
56,280
50,248
52,849
46,722
51,039
48,334
47,568
53,456
49,415
50,266
51,378
45,187
total long term liabilities
259,560
604,186
75,922
131,133
109,644
146,177
139,087
139,932
129,296
112,203
80,966
57,349
92,671
192,027
234,031
total liabilities
2,005,943
1,884,646
1,212,920
1,012,003
498,608
565,574
560,375
485,381
458,258
376,528
409,913
528,131
508,073
500,387
498,696
net assets
2,752,695
1,227,194
252,772
185,033
75,338
122,159
136,430
136,256
132,211
180,292
189,438
162,144
100,392
94,894
94,241
total shareholders funds
2,752,695
1,227,194
252,772
185,033
75,338
122,159
136,430
136,256
132,211
180,292
189,438
162,144
100,392
94,894
94,241
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
1,835,035
1,187,002
85,522
141,397
-38,858
-7,747
5,884
8,071
-48,081
-9,146
35,447
81,250
7,427
903
111,245
Depreciation
239,080
151,055
91,950
89,805
91,005
85,011
62,705
57,044
58,607
62,390
66,029
36,420
36,691
37,370
60,877
Amortisation
1,000
1,000
1,000
1,000
Tax
-475,168
-228,568
-15,889
-25,731
-41
-1,011
-8,153
-19,501
-1,932
-254
-31,150
Stock
-3,328
34,407
48,675
22,175
-80
10,850
4,120
-2,100
6,100
-3,000
-13,035
-7,675
23,710
Debtors
985,828
419,816
241,329
215,207
-84,823
-57,449
83,865
25,335
30,045
1,951
-61,687
100,438
25,703
7,974
151,909
Creditors
205,110
-17,934
51,671
352,892
6,871
9,230
24,704
-233,092
64,637
-64,622
-141,835
55,380
107,042
43,695
264,665
Accruals and Deferred Income
302,436
138,231
213,043
218,772
-41,001
-53,189
51,287
174,129
Deferred Taxes & Provisions
69,433
136,440
-2,593
6,032
-2,601
6,127
-4,317
2,705
766
-5,888
4,041
-851
-1,112
6,191
45,187
Cash flow from operations
1,193,426
912,003
133,700
545,785
100,319
86,031
52,237
-15,389
39,784
-16,217
30,251
53,260
123,413
88,606
276,205
Investing Activities
capital expenditure
-501,123
-665,859
-66,874
-107,236
-62,121
-122,538
-49,888
-64,977
-56,111
-20,937
-49,827
-19,593
-24,473
-41,626
-477,853
Change in Investments
cash flow from investments
-501,123
-665,859
-66,874
-107,236
-62,121
-122,538
-49,888
-64,977
-56,111
-20,937
-49,827
-19,593
-24,473
-41,626
-477,853
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-54,205
31,326
6,540
-23,688
850
39,177
Hire Purchase and Lease Commitments
-55,682
14,989
13,001
14,087
-24,472
-30,381
14,834
67,885
other long term liabilities
-400,000
400,000
-25,000
-25,000
50,000
-80,962
16,327
37,125
19,576
-34,471
-98,244
-48,195
188,844
share issue
99,996
14,142
interest
65,638
15,988
-1,893
-5,971
-7,963
-6,524
-5,669
-3,014
2
2
4
3
cash flow from financing
-290,048
430,977
-43,097
14,442
-50,895
-10,593
10,015
23,086
16,327
37,125
19,576
-34,469
-98,242
-48,191
202,989
cash and cash equivalents
cash
402,255
677,121
3,728
368,277
-29
-801
699
-1,211
1,342
overdraft
-20,000
-84,714
12,697
47,100
-12,364
57,281
change in cash
402,255
677,121
23,728
452,991
-12,697
-47,100
12,364
-57,281
-29
-801
699
-1,211
1,342
tsp fulfilment ltd 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 tsp fulfilment ltd. Get real-time insights into tsp fulfilment ltd's credit score, group structure and payment trends.
Perform a competitor analysis for tsp fulfilment ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in NE10 area or any other competitors across 12 key performance metrics.
tsp fulfilment ltd Ownership
TSP FULFILMENT LTD group structure
Tsp Fulfilment Ltd has no subsidiary companies.
Ultimate parent company
TSP FULFILMENT LTD
04519389
TSP FULFILMENT LTD Shareholders
The largest shareholders in Tsp Fulfilment Ltd include Jack G. Froggatt and Michael Scott Meredith.
jack g. froggatt
45%
michael scott meredith
30.6%
freda meredith
14.4%
paul griffiths
10%
tsp fulfilment ltd directors
Tsp Fulfilment Ltd currently has 4 directors.
The longest serving directors include
Mr Michael Meredith (Sep 2002) and
Mr Jack Froggatt (Sep 2002).
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 8 charges/mortgages relating to tsp fulfilment ltd. Currently there are 2 open charges and 6 have been satisfied in the past.
tsp fulfilment ltd 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.
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tsp fulfilment ltdCompanies House Filings - See Documents
