true capital ltd

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true capital ltd Company Information

Share TRUE CAPITAL LTD

Company Number

04705175

Directors

Matthew Truman

Paul Cocker

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Shareholders

matthew arthur truman

paul andrew cocker

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Group Structure

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Industry

Development of building projects

 

Registered Address

true house 29 buckingham gate, london, SW1E 6NF

true capital ltd Estimated Valuation

£16.2m

Pomanda estimates the enterprise value of TRUE CAPITAL LTD at £16.2m based on a Turnover of £11.4m and 1.42x industry multiple (adjusted for size and gross margin).

true capital ltd Estimated Valuation

£33.2m

Pomanda estimates the enterprise value of TRUE CAPITAL LTD at £33.2m based on an EBITDA of £3m and a 11.2x industry multiple (adjusted for size and gross margin).

true capital ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of TRUE CAPITAL LTD at £1.8m based on Net Assets of £1.3m and 1.41x 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 £11.4m 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 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £11.4m, make it larger than the average company (£2.3m)

£11.4m - True Capital Ltd

£2.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (6.1%)

26% - True Capital Ltd

6.1% - Industry AVG

production

Production

with a gross margin of 96.2%, this company has a lower cost of product (26.4%)

96.2% - True Capital Ltd

26.4% - Industry AVG

profitability

Profitability

an operating margin of 21.8% make it more profitable than the average company (7.6%)

21.8% - True Capital Ltd

7.6% - Industry AVG

employees

Employees

with 40 employees, this is above the industry average (6)

40 - True Capital Ltd

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £139.9k, the company has a higher pay structure (£48.3k)

£139.9k - True Capital Ltd

£48.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £285.4k, this is equally as efficient (£277.7k)

£285.4k - True Capital Ltd

£277.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is near the average (27 days)

32 days - True Capital Ltd

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 388 days, this is slower than average (31 days)

388 days - True Capital Ltd

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - True Capital Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (11 weeks)

14 weeks - True Capital Ltd

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.9%, this is a higher level of debt than the average (73.6%)

82.9% - True Capital Ltd

73.6% - Industry AVG

TRUE CAPITAL LTD financials

EXPORTms excel logo

True Capital Ltd's latest turnover from March 2024 is £11.4 million and the company has net assets of £1.3 million. According to their latest financial statements, True Capital Ltd has 40 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover11,416,73511,907,64311,789,5555,692,7576,971,9254,781,5033,939,9642,509,5427,332,14667,73375,951150,673114,36665,649
Other Income Or Grants
Cost Of Sales437,29262,250223,04337,7871,435,8585,147,03247,47853,232106,21281,25446,745
Gross Profit10,979,44311,845,39311,566,5125,654,9705,536,0674,781,5033,939,9642,509,5422,185,11420,25522,71944,46133,11218,904
Admin Expenses8,487,1748,961,9298,066,7313,910,8754,341,0663,922,6523,518,4682,021,679-320,2362,187,03041,62231,419-31,77721,14514,191
Operating Profit2,492,2692,883,4643,499,7811,744,0951,195,001858,851421,496487,863320,236-1,916-21,367-8,70076,23811,9674,713
Interest Payable16,00837,2829,7985,0335,2051,2033,4237,253
Interest Receivable27,2729,66529,88521,03414,3353,72030769197630726421
Pre-Tax Profit2,503,5332,855,8473,519,8681,760,0961,204,131861,368418,380480,679320,236-1,897-21,291-8,39376,50111,9884,713
Tax-730,584-634,559-739,949-370,524-272,382-221,371-104,806-154,333-48,965-19,890-3,356-1,319
Profit After Tax1,772,9492,221,2882,779,9191,389,572931,749639,997313,574326,346271,271-1,897-21,291-8,39356,6118,6313,393
Dividends Paid1,900,0002,634,0002,830,0001,190,000952,000642,000250,00050,00050,000
Retained Profit-127,051-412,712-50,081199,572-20,251-2,00363,574276,346221,271-1,897-21,291-8,39356,6118,6313,393
Employee Costs5,596,5346,072,1844,972,8232,549,2262,077,6591,805,4771,805,4771,007,010998,79836,78935,68734,92733,99433,720
Number Of Employees404232212525251422611111
EBITDA*2,963,7283,357,1413,736,0031,936,8901,392,1121,054,128714,371772,760321,378-669-19,642-7,07076,96012,5844,852

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,581,2541,884,6562,170,452144,221221,107141,07096,201132,52779,5874,9946,2417,9666,8482,135813
Intangible Assets222,583333,228443,870554,512665,154775,797931,9301,147,178
Investments & Other6,0826,0826,0826,0826,0821,070,0001,040,00040,00040,00020,24020,240
Debtors (Due After 1 year)467,426424,614
Total Fixed Assets1,803,8372,685,3103,038,936704,815892,343922,9491,034,2131,285,7871,149,5871,044,99446,24147,9666,84822,37521,053
Stock & work in progress
Trade Debtors1,013,133588,5301,978,975968,896351,281242,627149,508255,3662,1372,7393,0005,097173
Group Debtors
Misc Debtors3,191,8411,642,8491,708,4361,803,4211,286,3101,397,235881,002433,692222
Cash1,614,767955,532539,026461,4001,319,634950,2921,071,006795,337497,3562,5684,93625,64197,0548,354
misc current assets
total current assets5,819,7413,186,9114,226,4373,233,7172,957,2252,590,1542,101,5161,484,395497,5782,5687,07328,380100,05413,451173
total assets7,623,5785,872,2217,265,3733,938,5323,849,5683,513,1033,135,7292,770,1821,647,1651,047,56253,31476,346106,90235,82621,226
Bank overdraft
Bank loan
Trade Creditors 465,956140,165333,80219,095148,735306,679119,472108,0052,8451,010,42314,36116,10238,26523,80017,831
Group/Directors Accounts
other short term finances500,000
hp & lease commitments50,29861,7038,83545,90812,23768,162
other current liabilities5,315,9683,481,6113,896,4322,029,1831,993,9971,568,0971,330,0191,016,3921,267,748
total current liabilities5,781,9243,621,7764,780,5322,109,9812,151,5671,874,7761,495,3991,136,6341,338,7551,010,42314,36116,10238,26523,80017,831
loans
hp & lease commitments61,70345,906
Accruals and Deferred Income285,898503,623327,765
other liabilities46,000
provisions249,447313,462343,50910,90318,22210,886
total long term liabilities535,345817,085717,27410,90379,92556,792
total liabilities6,317,2694,438,8615,497,8062,120,8842,231,4921,874,7761,495,3991,193,4261,338,7551,010,42314,36116,10238,26523,80017,831
net assets1,306,3091,433,3601,767,5671,817,6481,618,0761,638,3271,640,3301,576,756308,41037,13938,95360,24468,63712,0263,395
total shareholders funds1,306,3091,433,3601,767,5671,817,6481,618,0761,638,3271,640,3301,576,756308,41037,13938,95360,24468,63712,0263,395
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit2,492,2692,883,4643,499,7811,744,0951,195,001858,851421,496487,863320,236-1,916-21,367-8,70076,23811,9674,713
Depreciation360,814363,035125,58082,15386,46839,14464,42857,8891,1421,2471,7251,630722617139
Amortisation110,645110,642110,642110,642110,643156,133228,447227,008
Tax-730,584-634,559-739,949-370,524-272,382-221,371-104,806-154,333-48,965-19,890-3,356-1,319
Stock
Debtors1,506,169-1,413,2201,339,7081,134,726-2,271609,352341,452688,836222-2,137-602-261-2,0974,924173
Creditors325,791-193,637314,707-129,640-157,944187,20711,467105,160-1,007,578996,062-1,741-22,16314,4655,96917,831
Accruals and Deferred Income1,616,632-238,9632,195,01435,186425,900238,078313,627-251,3561,267,748
Deferred Taxes & Provisions-64,015-30,047332,606-7,31918,222-10,88610,886
Cash flow from operations2,605,3833,673,1554,498,673329,8671,408,179648,690582,321-205,719532,361997,530-20,781-28,97273,63210,27321,191
Investing Activities
capital expenditure-41,304-23,465-30,000-2,748-5,435-1,939-952
Change in Investments-6,082-1,063,91830,0001,000,00040,000-20,24020,240
cash flow from investments6,082-41,3041,040,453-60,000-1,000,000-42,74814,805-1,939-21,192
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans -500,000500,000
Long term loans
Hire Purchase and Lease Commitments-50,298-11,405-8,83570,538-45,908-12,235-10,01968,162
other long term liabilities-46,00046,000
share issue78,505992,00050,000832
interest11,264-27,61720,08716,0019,1302,517-3,116-7,184197630726421
cash flow from financing11,264-545,410554,6827,16679,668-43,391-15,351974,797118,16210276307264212
cash and cash equivalents
cash659,235416,50677,626-858,234369,342-120,714275,669297,981494,788-2,368-20,705-71,41388,7008,354
overdraft
change in cash659,235416,50677,626-858,234369,342-120,714275,669297,981494,788-2,368-20,705-71,41388,7008,354

true capital ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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True Capital Ltd Competitor Analysis

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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.

Ultimate parent company

TRUE CAPITAL LTD

04705175

1 subsidiary

TRUE CAPITAL LTD Shareholders

matthew arthur truman 42.05%
paul andrew cocker 37.38%
penhallow investment pty ltd 15.11%
michael tattersall 2%
william james pearson 2%
victoria de rothschild 0.97%
andrew heffernen 0.48%

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).

officercountryagestartendrole
Mr Matthew TrumanUnited Kingdom45 years Mar 2003- Director
Mr Paul CockerUnited Kingdom45 years Jun 2008- Director
Mr Richard Mergler60 years Feb 2017- Director
Mr William PearsonUnited Kingdom49 years Aug 2017- Director

P&L

March 2024

turnover

11.4m

-4%

operating profit

2.5m

-14%

gross margin

96.2%

-3.32%

turnover

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

Balance Sheet

March 2024

net assets

1.3m

-0.09%

total assets

7.6m

+0.3%

cash

1.6m

+0.69%

net assets

Total assets minus all liabilities

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

22

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

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 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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true capital ltd Companies House Filings - See Documents

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