true capital ltd
true capital ltd Company Information
Company Number
04705175
Next Accounts
Dec 2024
Industry
Development of building projects
Shareholders
matthew arthur truman
paul andrew cocker
View AllGroup Structure
View All
Contact
Registered Address
true house 29 buckingham gate, london, SW1E 6NF
Website
http://www.true.globaltrue capital ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUE CAPITAL LTD at £17.7m based on a Turnover of £11.9m and 1.49x industry multiple (adjusted for size and gross margin).
true capital ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUE CAPITAL LTD at £37.9m based on an EBITDA of £3.4m and a 11.29x industry multiple (adjusted for size and gross margin).
true capital ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUE CAPITAL LTD at £2.1m based on Net Assets of £1.4m and 1.49x industry multiple (adjusted for liquidity).
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True Capital Ltd Overview
True Capital Ltd is a live company located in london, SW1E 6NF with a Companies House number of 04705175. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2003, it's largest shareholder is matthew arthur truman with a 42.1% stake. True Capital Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £11.9m with high growth in recent years.
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True Capital Ltd Health Check
Pomanda's financial health check has awarded True Capital Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
1 Weak
Size
annual sales of £11.9m, make it larger than the average company (£2.1m)
£11.9m - True Capital Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (2.1%)
20% - True Capital Ltd
2.1% - Industry AVG
Production
with a gross margin of 99.5%, this company has a lower cost of product (25.8%)
99.5% - True Capital Ltd
25.8% - Industry AVG
Profitability
an operating margin of 24.2% make it more profitable than the average company (8.7%)
24.2% - True Capital Ltd
8.7% - Industry AVG
Employees
with 42 employees, this is above the industry average (6)
42 - True Capital Ltd
6 - Industry AVG
Pay Structure
on an average salary of £141.7k, the company has a higher pay structure (£46.3k)
£141.7k - True Capital Ltd
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £283.5k, this is equally as efficient (£275.1k)
£283.5k - True Capital Ltd
£275.1k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (29 days)
18 days - True Capital Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 821 days, this is slower than average (31 days)
821 days - True Capital Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - True Capital Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)
13 weeks - True Capital Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.6%, this is a similar level of debt than the average (74.7%)
75.6% - True Capital Ltd
74.7% - Industry AVG
TRUE CAPITAL LTD financials
True Capital Ltd's latest turnover from March 2023 is £11.9 million and the company has net assets of £1.4 million. According to their latest financial statements, True Capital Ltd has 42 employees and maintains cash reserves of £955.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,907,643 | 11,789,555 | 5,692,757 | 6,971,925 | 4,781,503 | 3,939,964 | 2,509,542 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 62,250 | 223,043 | 37,787 | 1,435,858 | 0 | 0 | 0 | 0 | ||||||
| Gross Profit | 11,845,393 | 11,566,512 | 5,654,970 | 5,536,067 | 4,781,503 | 3,939,964 | 2,509,542 | 0 | ||||||
| Admin Expenses | 8,961,929 | 8,066,731 | 3,910,875 | 4,341,066 | 3,922,652 | 3,518,468 | 2,021,679 | -320,236 | ||||||
| Operating Profit | 2,883,464 | 3,499,781 | 1,744,095 | 1,195,001 | 858,851 | 421,496 | 487,863 | 320,236 | ||||||
| Interest Payable | 37,282 | 9,798 | 5,033 | 5,205 | 1,203 | 3,423 | 7,253 | 0 | ||||||
| Interest Receivable | 9,665 | 29,885 | 21,034 | 14,335 | 3,720 | 307 | 69 | 0 | ||||||
| Pre-Tax Profit | 2,855,847 | 3,519,868 | 1,760,096 | 1,204,131 | 861,368 | 418,380 | 480,679 | 320,236 | ||||||
| Tax | -634,559 | -739,949 | -370,524 | -272,382 | -221,371 | -104,806 | -154,333 | -48,965 | ||||||
| Profit After Tax | 2,221,288 | 2,779,919 | 1,389,572 | 931,749 | 639,997 | 313,574 | 326,346 | 271,271 | ||||||
| Dividends Paid | 2,634,000 | 2,830,000 | 1,190,000 | 952,000 | 642,000 | 250,000 | 50,000 | 50,000 | ||||||
| Retained Profit | -412,712 | -50,081 | 199,572 | -20,251 | -2,003 | 63,574 | 276,346 | 221,271 | ||||||
| Employee Costs | 5,951,528 | 4,972,823 | 2,549,226 | 2,077,659 | 1,805,477 | 1,805,477 | 1,007,010 | 0 | ||||||
| Number Of Employees | 42 | 32 | 21 | 25 | 25 | 25 | 14 | 2 | ||||||
| EBITDA* | 3,357,141 | 3,736,003 | 1,936,890 | 1,392,112 | 1,054,128 | 714,371 | 772,760 | 321,378 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,884,656 | 2,170,452 | 144,221 | 221,107 | 141,070 | 96,201 | 132,527 | 79,587 | 4,994 | 6,241 | 7,966 | 6,848 | 2,135 | 813 |
| Intangible Assets | 333,228 | 443,870 | 554,512 | 665,154 | 775,797 | 931,930 | 1,147,178 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 6,082 | 6,082 | 6,082 | 6,082 | 6,082 | 1,070,000 | 1,040,000 | 40,000 | 40,000 | 0 | 20,240 | 20,240 |
| Debtors (Due After 1 year) | 467,426 | 424,614 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,685,310 | 3,038,936 | 704,815 | 892,343 | 922,949 | 1,034,213 | 1,285,787 | 1,149,587 | 1,044,994 | 46,241 | 47,966 | 6,848 | 22,375 | 21,053 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 588,530 | 1,978,975 | 968,896 | 351,281 | 242,627 | 149,508 | 255,366 | 0 | 0 | 2,137 | 2,739 | 3,000 | 5,097 | 173 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,642,849 | 1,708,436 | 1,803,421 | 1,286,310 | 1,397,235 | 881,002 | 433,692 | 222 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 955,532 | 539,026 | 461,400 | 1,319,634 | 950,292 | 1,071,006 | 795,337 | 497,356 | 2,568 | 4,936 | 25,641 | 97,054 | 8,354 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,186,911 | 4,226,437 | 3,233,717 | 2,957,225 | 2,590,154 | 2,101,516 | 1,484,395 | 497,578 | 2,568 | 7,073 | 28,380 | 100,054 | 13,451 | 173 |
| total assets | 5,872,221 | 7,265,373 | 3,938,532 | 3,849,568 | 3,513,103 | 3,135,729 | 2,770,182 | 1,647,165 | 1,047,562 | 53,314 | 76,346 | 106,902 | 35,826 | 21,226 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 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 |
| Trade Creditors | 140,165 | 333,802 | 19,095 | 148,735 | 306,679 | 119,472 | 108,005 | 2,845 | 1,010,423 | 14,361 | 16,102 | 38,265 | 23,800 | 17,831 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 50,298 | 61,703 | 8,835 | 0 | 45,908 | 12,237 | 68,162 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,481,611 | 3,896,432 | 2,029,183 | 1,993,997 | 1,568,097 | 1,330,019 | 1,016,392 | 1,267,748 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,621,776 | 4,780,532 | 2,109,981 | 2,151,567 | 1,874,776 | 1,495,399 | 1,136,634 | 1,338,755 | 1,010,423 | 14,361 | 16,102 | 38,265 | 23,800 | 17,831 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 61,703 | 0 | 0 | 45,906 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 503,623 | 327,765 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 46,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 313,462 | 343,509 | 10,903 | 18,222 | 0 | 0 | 10,886 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 817,085 | 717,274 | 10,903 | 79,925 | 0 | 0 | 56,792 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,438,861 | 5,497,806 | 2,120,884 | 2,231,492 | 1,874,776 | 1,495,399 | 1,193,426 | 1,338,755 | 1,010,423 | 14,361 | 16,102 | 38,265 | 23,800 | 17,831 |
| net assets | 1,433,360 | 1,767,567 | 1,817,648 | 1,618,076 | 1,638,327 | 1,640,330 | 1,576,756 | 308,410 | 37,139 | 38,953 | 60,244 | 68,637 | 12,026 | 3,395 |
| total shareholders funds | 1,433,360 | 1,767,567 | 1,817,648 | 1,618,076 | 1,638,327 | 1,640,330 | 1,576,756 | 308,410 | 37,139 | 38,953 | 60,244 | 68,637 | 12,026 | 3,395 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,883,464 | 3,499,781 | 1,744,095 | 1,195,001 | 858,851 | 421,496 | 487,863 | 320,236 | ||||||
| Depreciation | 363,035 | 125,580 | 82,153 | 86,468 | 39,144 | 64,428 | 57,889 | 1,142 | 1,247 | 1,725 | 1,630 | 722 | 617 | 139 |
| Amortisation | 110,642 | 110,642 | 110,642 | 110,643 | 156,133 | 228,447 | 227,008 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -634,559 | -739,949 | -370,524 | -272,382 | -221,371 | -104,806 | -154,333 | -48,965 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,413,220 | 1,339,708 | 1,134,726 | -2,271 | 609,352 | 341,452 | 688,836 | 222 | -2,137 | -602 | -261 | -2,097 | 4,924 | 173 |
| Creditors | -193,637 | 314,707 | -129,640 | -157,944 | 187,207 | 11,467 | 105,160 | -1,007,578 | 996,062 | -1,741 | -22,163 | 14,465 | 5,969 | 17,831 |
| Accruals and Deferred Income | -238,963 | 2,195,014 | 35,186 | 425,900 | 238,078 | 313,627 | -251,356 | 1,267,748 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -30,047 | 332,606 | -7,319 | 18,222 | 0 | -10,886 | 10,886 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,673,155 | 4,498,673 | 329,867 | 1,408,179 | 648,690 | 582,321 | -205,719 | 532,361 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -41,304 | -23,465 | -30,000 | ||||||
| Change in Investments | 0 | -6,082 | 0 | 0 | 0 | 0 | -1,063,918 | 30,000 | 1,000,000 | 0 | 40,000 | -20,240 | 0 | 20,240 |
| cash flow from investments | 0 | 6,082 | 0 | 0 | 0 | -41,304 | 1,040,453 | -60,000 | ||||||
| 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 | -500,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -50,298 | -11,405 | -8,835 | 70,538 | -45,908 | -12,235 | -10,019 | 68,162 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -46,000 | 46,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -27,617 | 20,087 | 16,001 | 9,130 | 2,517 | -3,116 | -7,184 | 0 | ||||||
| cash flow from financing | -545,410 | 554,682 | 7,166 | 79,668 | -43,391 | -15,351 | 974,797 | 118,162 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 416,506 | 77,626 | -858,234 | 369,342 | -120,714 | 275,669 | 297,981 | 494,788 | -2,368 | -20,705 | -71,413 | 88,700 | 8,354 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 416,506 | 77,626 | -858,234 | 369,342 | -120,714 | 275,669 | 297,981 | 494,788 | -2,368 | -20,705 | -71,413 | 88,700 | 8,354 | 0 |
true capital ltd Credit Report and Business Information
True Capital Ltd Competitor Analysis
Perform a competitor analysis for true capital ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in SW1E area or any other competitors across 12 key performance metrics.
true capital ltd Ownership
TRUE CAPITAL LTD group structure
True Capital Ltd has 1 subsidiary company.
true capital ltd directors
True Capital Ltd currently has 4 directors. The longest serving directors include Mr Matthew Truman (Mar 2003) and Mr Paul Cocker (Jun 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Truman | United Kingdom | 45 years | Mar 2003 | - | Director |
| Mr Paul Cocker | England | 45 years | Jun 2008 | - | Director |
| Mr Richard Mergler | 60 years | Feb 2017 | - | Director | |
| Mr William Pearson | United Kingdom | 48 years | Aug 2017 | - | Director |
P&L
March 2023turnover
11.9m
+1%
operating profit
2.9m
-18%
gross margin
99.5%
+1.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.4m
-0.19%
total assets
5.9m
-0.19%
cash
955.5k
+0.77%
net assets
Total assets minus all liabilities
Similar Companies
true capital ltd company details
company number
04705175
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2003
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
mogul limited (January 2008)
accountant
-
auditor
DONALD REID LIMITED
address
true house 29 buckingham gate, london, SW1E 6NF
Bank
-
Legal Advisor
-
true capital ltd 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 12 charges/mortgages relating to true capital ltd. Currently there are 12 open charges and 0 have been satisfied in the past.
true capital ltd Companies House Filings - See Documents
| date | description | view/download |
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