Pomanda estimates the enterprise value of TOR CURRENCY EXCHANGE LIMITED at £77.1m based on a Turnover of £28.5m and 2.7x industry multiple (adjusted for size and gross margin).
tor currency exchange limitedEstimated Valuation
£136.8m
Pomanda estimates the enterprise value of TOR CURRENCY EXCHANGE LIMITED at £136.8m based on an EBITDA of £14.7m and a 9.32x industry multiple (adjusted for size and gross margin).
tor currency exchange limitedEstimated Valuation
£146.8m
Pomanda estimates the enterprise value of TOR CURRENCY EXCHANGE LIMITED at £146.8m based on Net Assets of £112.5m and 1.31x industry multiple (adjusted for liquidity).
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Tor Currency Exchange LimitedOverview
Tor Currency Exchange Limited is a live company located in cornwall, TR18 4DZ with a Companies House number of 05193147. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in July 2004, it's largest shareholder is
redpin holdings ltd
with a 100% stake. Tor Currency Exchange Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£28.5m with
low
growth in recent years.
Pomanda's financial health check has awarded Tor Currency Exchange Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
9 Strong
0 Regular
2 Weak
Size
annual sales of £28.5m, make it larger than the average company (£5.5m)
£28.5m - Tor Currency Exchange Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.6%)
4% - Tor Currency Exchange Limited
7.6% - Industry AVG
Production
with a gross margin of 92.7%, this company has a lower cost of product (54.9%)
92.7% - Tor Currency Exchange Limited
54.9% - Industry AVG
Profitability
an operating margin of 50.9% make it more profitable than the average company (9%)
50.9% - Tor Currency Exchange Limited
9% - Industry AVG
Employees
with 74 employees, this is above the industry average (12)
74 - Tor Currency Exchange Limited
12 - Industry AVG
Pay Structure
on an average salary of £54.9k, the company has a lower pay structure (£81.5k)
£54.9k - Tor Currency Exchange Limited
£81.5k - Industry AVG
Efficiency
resulting in sales per employee of £385.3k, this is more efficient (£218.9k)
£385.3k - Tor Currency Exchange Limited
£218.9k - Industry AVG
Debtor Days
it gets paid by customers after 262 days, this is later than average (33 days)
262 days - Tor Currency Exchange Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 6309 days, this is slower than average (40 days)
6309 days - Tor Currency Exchange Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tor Currency Exchange Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 47 weeks, this is more cash available to meet short term requirements (29 weeks)
47 weeks - Tor Currency Exchange Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.6%, this is a lower level of debt than the average (70.2%)
42.6% - Tor Currency Exchange Limited
70.2% - Industry AVG
TOR CURRENCY EXCHANGE LIMITED financials
EXPORT
Tor Currency Exchange Limited's latest turnover from June 2024 is £28.5 million and the company has net assets of £112.5 million. According to their latest financial statements, Tor Currency Exchange Limited has 74 employees and maintains cash reserves of £75.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Sep 2010
Sep 2009
Turnover
28,514,000
32,666,000
29,272,000
25,582,000
23,686,000
24,250,000
21,997,000
20,343,000
18,753,000
15,916,000
13,456,000
10,021,000
8,112,000
4,075,000
527,240,849
361,849,099
Other Income Or Grants
2,595,000
1,167,000
Cost Of Sales
4,678,000
4,305,000
3,928,000
3,103,000
2,790,000
2,734,000
2,206,000
2,385,000
2,302,000
1,892,000
1,456,000
1,012,000
711,000
219,000
523,093,803
359,361,107
Gross Profit
26,431,000
29,528,000
25,344,000
22,479,000
20,896,000
21,516,000
19,791,000
17,958,000
16,451,000
14,024,000
12,000,000
9,009,000
7,401,000
3,856,000
4,147,046
2,487,992
Admin Expenses
11,905,000
13,222,000
11,585,000
11,259,000
11,375,000
12,550,000
10,768,000
9,259,000
8,395,000
7,463,000
7,318,000
6,019,000
4,946,000
3,387,000
3,572,346
2,483,202
Operating Profit
14,526,000
16,306,000
13,759,000
11,220,000
9,521,000
8,966,000
9,023,000
8,699,000
8,056,000
6,561,000
4,682,000
2,990,000
2,455,000
469,000
574,700
4,790
Interest Payable
17,000
5,000
9,000
16,000
17,000
1,983
7,000
4,000
2,681
2,382
Interest Receivable
25,000
23,000
44,000
39,000
56,000
52,000
7,898
21,127
Pre-Tax Profit
18,422,000
21,961,000
17,626,000
11,878,000
15,015,000
8,966,000
9,023,000
8,699,000
8,081,000
6,584,000
4,726,000
3,029,000
2,504,000
517,000
579,917
23,535
Tax
-700,000
232,000
-852,000
-2,402,000
-1,764,000
-1,368,000
-1,257,000
-928,000
-1,515,000
-1,674,000
-971,000
-754,000
-658,000
-141,000
-127,965
-4,437
Profit After Tax
17,722,000
22,193,000
16,774,000
9,476,000
13,251,000
7,598,000
7,766,000
7,771,000
6,566,000
4,910,000
3,755,000
2,275,000
1,846,000
376,000
451,952
19,098
Dividends Paid
6,300,000
1,000,000
3,000,000
Retained Profit
17,722,000
22,193,000
16,774,000
9,476,000
13,251,000
7,598,000
7,766,000
7,771,000
266,000
3,910,000
755,000
2,275,000
1,846,000
376,000
451,952
19,098
Employee Costs
4,065,000
4,824,000
4,389,000
4,080,000
3,996,000
4,619,000
4,400,000
4,527,000
4,685,000
4,353,000
4,099,000
3,467,000
3,163,000
2,053,000
2,472,619
1,470,315
Number Of Employees
74
80
75
73
85
86
88
85
80
81
79
73
73
71
63
51
EBITDA*
14,668,000
16,434,000
13,910,000
11,395,000
9,708,000
9,088,000
9,187,000
8,874,000
8,233,000
6,718,000
4,758,000
3,068,000
2,589,000
59,138,000
625,722
46,193
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Sep 2010
Sep 2009
Tangible Assets
209,000
243,000
351,000
530,000
607,000
405,000
809,000
1,191,000
1,228,000
1,297,000
476,000
144,000
142,000
182,000
180,519
88,182
Intangible Assets
467,000
38,000
1,000
13,000
34,000
49,000
91,000
122,000
183,000
183,000
Investments & Other
122,000
119,000
118,000
135,000
144,000
120,000
423,000
727,000
742,000
713,000
Debtors (Due After 1 year)
34,000
23,000
3,000
Total Fixed Assets
676,000
281,000
348,000
531,000
620,000
439,000
858,000
1,282,000
1,350,000
1,480,000
659,000
144,000
142,000
182,000
180,519
88,182
Stock & work in progress
Trade Debtors
20,501,000
16,827,000
26,120,000
21,335,000
14,422,000
15,576,000
21,430,000
16,293,000
22,619,000
19,869,000
13,847,000
12,376,000
7,123,000
7,702,000
6,053,207
131,745
Group Debtors
93,173,000
76,859,000
62,711,000
52,271,000
37,170,000
25,478,000
18,707,000
10,919,000
8,150,000
4,469,000
500,000
Misc Debtors
1,088,000
917,000
597,000
1,189,000
936,000
746,000
825,000
341,000
9,544,000
618,000
269,000
241,000
240,000
39,000
19,387
368,359
Cash
75,439,000
112,513,000
103,858,000
96,368,000
81,522,000
64,735,000
50,401,000
53,304,000
51,584,000
38,901,000
27,591,000
23,191,000
15,410,000
10,940,000
9,904,204
6,403,629
misc current assets
440,000
881,000
492,000
461,000
962,000
521,000
1,143,000
830,000
1,975,000
585,000
259,000
311,000
216,000
361,000
298,538
total current assets
195,223,000
212,415,000
194,095,000
171,624,000
135,012,000
107,984,000
92,506,000
81,687,000
85,722,000
68,123,000
46,435,000
36,619,000
22,989,000
19,042,000
16,275,336
6,903,733
total assets
195,899,000
212,696,000
194,443,000
172,155,000
135,632,000
108,423,000
93,364,000
82,969,000
87,072,000
69,603,000
47,094,000
36,763,000
23,131,000
19,224,000
16,455,855
6,991,915
Bank overdraft
22,000
10,201
48,376
Bank loan
Trade Creditors
80,866,000
112,863,000
118,088,000
112,189,000
80,867,000
68,482,000
64,248,000
60,628,000
70,083,000
52,751,000
37,931,000
29,063,000
18,198,000
17,432,000
15,049,288
6,368,486
Group/Directors Accounts
1,413
other short term finances
288,000
528,000
388,000
604,000
hp & lease commitments
101,000
43,000
66,000
82,000
60,000
8,074
other current liabilities
1,790,000
4,497,000
3,291,000
3,902,000
7,598,000
6,863,000
3,607,000
4,542,000
7,002,000
7,179,000
3,403,000
2,695,000
2,203,000
838,000
649,998
183,041
total current liabilities
83,045,000
117,931,000
121,833,000
116,173,000
89,129,000
75,345,000
67,855,000
65,170,000
77,085,000
59,930,000
41,334,000
31,758,000
20,401,000
18,292,000
15,709,487
6,609,390
loans
734,000
76,000
330,000
342,000
7,000
25,000
36,000
20,000
3,000
48,000
31,581
hp & lease commitments
366,000
38,000
146,000
161,000
5,383
Accruals and Deferred Income
other liabilities
provisions
22,000
112,000
62,000
39,012
5,110
total long term liabilities
367,000
38,000
184,000
181,000
7,000
36,000
92,000
51,000
3,000
48,000
51,087
10,493
total liabilities
83,412,000
117,931,000
121,871,000
116,357,000
89,310,000
75,352,000
67,891,000
65,262,000
77,136,000
59,933,000
41,334,000
31,758,000
20,401,000
18,340,000
15,760,574
6,619,883
net assets
112,487,000
94,765,000
72,572,000
55,798,000
46,322,000
33,071,000
25,473,000
17,707,000
9,936,000
9,670,000
5,760,000
5,005,000
2,730,000
884,000
695,281
372,032
total shareholders funds
112,487,000
94,765,000
72,572,000
55,798,000
46,322,000
33,071,000
25,473,000
17,707,000
9,936,000
9,670,000
5,760,000
5,005,000
2,730,000
884,000
695,281
372,032
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
14,526,000
16,306,000
13,759,000
11,220,000
9,521,000
8,966,000
9,023,000
8,699,000
8,056,000
6,561,000
4,682,000
2,990,000
2,455,000
469,000
574,700
4,790
Depreciation
69,000
72,000
150,000
163,000
166,000
107,000
122,000
114,000
116,000
105,000
73,000
78,000
134,000
58,669,000
51,022
41,403
Amortisation
73,000
56,000
1,000
12,000
21,000
15,000
42,000
61,000
61,000
52,000
3,000
Tax
-700,000
232,000
-852,000
-2,402,000
-1,764,000
-1,368,000
-1,257,000
-928,000
-1,515,000
-1,674,000
-971,000
-754,000
-658,000
-141,000
-127,965
-4,437
Stock
Debtors
20,170,000
5,195,000
14,636,000
22,267,000
10,728,000
838,000
13,409,000
-4,610,000
3,526,000
10,052,000
5,468,000
5,754,000
-378,000
1,668,406
5,572,490
500,104
Creditors
-31,997,000
-5,225,000
5,899,000
31,322,000
12,385,000
4,234,000
3,620,000
-9,455,000
17,332,000
14,820,000
8,868,000
10,865,000
766,000
2,382,712
8,680,802
6,368,486
Accruals and Deferred Income
-2,707,000
1,206,000
-611,000
-3,696,000
735,000
3,256,000
-935,000
-2,460,000
-177,000
3,776,000
708,000
492,000
1,365,000
188,002
466,957
183,041
Deferred Taxes & Provisions
-22,000
-90,000
50,000
62,000
-39,012
33,902
5,110
Cash flow from operations
-40,906,000
7,452,000
3,710,000
14,352,000
10,336,000
14,350,000
-2,884,000
691,000
20,409,000
13,588,000
7,895,000
7,917,000
4,440,000
59,860,296
4,106,928
6,098,289
Investing Activities
capital expenditure
-537,000
-58,000
29,000
-86,000
-368,000
297,000
260,000
-107,000
-47,000
-978,000
-591,000
-80,000
-94,000
-58,670,481
-143,359
-28,435
Change in Investments
3,000
1,000
-17,000
-9,000
24,000
-303,000
-304,000
-15,000
29,000
713,000
cash flow from investments
-540,000
-59,000
46,000
-77,000
-392,000
600,000
564,000
-92,000
-76,000
-1,691,000
-591,000
-80,000
-94,000
-58,670,481
-143,359
-28,435
Financing Activities
Bank loans
Group/Directors Accounts
-1,413
1,413
Other Short Term Loans
-240,000
140,000
388,000
-604,000
604,000
Long term loans
734,000
-76,000
-254,000
-12,000
335,000
-18,000
-11,000
16,000
17,000
3,000
-48,000
16,419
31,581
Hire Purchase and Lease Commitments
424,000
-61,000
-124,000
7,000
221,000
-13,457
13,457
other long term liabilities
share issue
-187,281
-128,703
352,934
interest
-17,000
-5,000
-9,000
-16,000
-17,000
-1,983
25,000
23,000
44,000
39,000
49,000
48,000
5,217
18,745
cash flow from financing
901,000
-2,000
1,000
-625,000
1,143,000
-18,000
-12,983
16,000
42,000
26,000
44,000
39,000
1,000
-122,862
-106,775
386,549
cash and cash equivalents
cash
-37,074,000
8,655,000
7,490,000
14,846,000
16,787,000
14,334,000
-2,903,000
1,720,000
12,683,000
11,310,000
4,400,000
7,781,000
4,470,000
1,035,796
3,500,575
6,403,629
overdraft
-22,000
11,799
-38,175
48,376
change in cash
-37,074,000
8,655,000
7,490,000
14,846,000
16,787,000
14,334,000
-2,903,000
1,720,000
12,683,000
11,310,000
4,400,000
7,781,000
4,492,000
1,023,997
3,538,750
6,355,253
tor currency exchange 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 tor currency exchange limited. Get real-time insights into tor currency exchange limited's credit score, group structure and payment trends.
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tor currency exchange limited Ownership
TOR CURRENCY EXCHANGE LIMITED group structure
Tor Currency Exchange Limited has 1 subsidiary company.
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
July 2004
age
21
incorporated
UK
ultimate parent company
CD TOPCO LTD
accounts
Full Accounts
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
pz360 st. marys terrace, penzance, cornwall, TR18 4DZ
Bank
BARCLAYS BANK PLC
Legal Advisor
FIELDFISHER
tor currency exchange 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 6 charges/mortgages relating to tor currency exchange limited. Currently there are 2 open charges and 4 have been satisfied in the past.
tor currency exchange 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 TOR CURRENCY EXCHANGE LIMITED. This can take several minutes, an email will notify you when this has completed.
tor currency exchange limitedCompanies House Filings - See Documents
