Technical Asset Management Limited

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technical asset management limited Company Information

Company Number

05312823

Next Accounts

Dec 2025

Directors

Paul Quinnell

Leonard Hook

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Shareholders

tech engineering group ltd

Group Structure

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Industry

Plumbing, heat and air-conditioning installation

Registered Address

the carriage house mill street, maidstone, kent, ME15 6YE

Website

www.techassetmanagement.co.uk

technical asset management limited Estimated Valuation

£9.5m

Pomanda estimates the enterprise value of TECHNICAL ASSET MANAGEMENT LIMITED at £9.5m based on a Turnover of £14m and 0.68x industry multiple (adjusted for size and gross margin).

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Technical Asset Management Limited is a live company located in kent, ME15 6YE with a Companies House number of 05312823. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in December 2004, it's largest shareholder is tech engineering group ltd with a 100% stake. Technical Asset Management Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14m with high growth in recent years.

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Pomanda's financial health check has awarded Technical Asset Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £14m, make it larger than the average company (£383.9k)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (11.5%)

EXPORT

Technical Asset Management Limited's latest turnover from March 2024 is estimated at £14 million and the company has net assets of £71.7 thousand. According to their latest financial statements, Technical Asset Management Limited has 78 employees and maintains cash reserves of £144.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	14,007,431	10,464,056	9,080,208	7,137,031	9,706,410	8,869,529	8,469,223	5,468,992	3,167,095	2,746,622	2,724,930	2,467,908	1,147,559	15,863	102,291
Other Income Or Grants
Cost Of Sales	9,926,423	7,565,976	6,370,595	5,021,785	6,636,005	5,803,359	5,558,316	3,483,723	2,028,422	1,746,813	1,697,511	1,525,974	705,406	9,524	60,614
Gross Profit	4,081,008	2,898,080	2,709,613	2,115,246	3,070,405	3,066,170	2,910,907	1,985,269	1,138,674	999,809	1,027,419	941,933	442,153	6,339	41,677
Admin Expenses	3,747,770	2,855,183	2,611,477	2,568,360	3,133,963	3,041,201	2,777,124	2,053,895	1,091,862	951,610	1,010,415	910,124	421,345	6,790	48,484
Operating Profit	333,238	42,897	98,136	-453,114	-63,558	24,969	133,783	-68,626	46,812	48,199	17,004	31,809	20,808	-451	-6,807
Interest Payable	3,753	17,087	22,501	16,253	7,435	5,941	2,118
Interest Receivable	4,254	3,058	1,597	214	120	542	143	60	122	103	81	107	69
Pre-Tax Profit	333,739	28,868	77,232	-469,153	-70,873	19,569	131,809	-68,566	46,934	48,301	17,084	31,916	20,877	-451	-6,807
Tax	-83,435	-5,485	-14,674			-3,718	-25,044		-9,387	-10,143	-3,929	-7,660	-5,428
Profit After Tax	250,304	23,383	62,558	-469,153	-70,873	15,851	106,765	-68,566	37,547	38,158	13,155	24,256	15,449	-451	-6,807
Dividends Paid
Retained Profit	250,304	23,383	62,558	-469,153	-70,873	15,851	106,765	-68,566	37,547	38,158	13,155	24,256	15,449	-451	-6,807
Employee Costs	2,561,472	2,648,954	2,746,569	2,312,073	2,817,131	2,628,683	2,334,960	970,671	993,544	695,243	706,750	618,754	346,283	33,011	32,433
Number Of Employees	78	79	81	71	81	76	69	29	28	20	20	18	10	1	1
EBITDA*	425,607	135,021	180,250	-429,025	-23,917	71,474	161,643	-56,972	54,101	52,566	22,926	35,133	22,843	-451	-6,807

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	293,459	313,207	339,120	72,258	127,880	146,106	180,031	38,186	44,905	20,781	22,178	16,057	6,105
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	293,459	313,207	339,120	72,258	127,880	146,106	180,031	38,186	44,905	20,781	22,178	16,057	6,105
Stock & work in progress	231,050	123,277	103,665	63,168	101,346	88,631	74,161	19,061	25,708	9,885	31,137	1,704	12,762
Trade Debtors	3,536,308	2,636,160	2,371,723	1,678,167	2,193,664	2,142,068	1,956,793	1,239,199	605,190	493,294	447,117	411,738	180,006	321	11,658
Group Debtors	50,911	50,911
Misc Debtors	79,738	64,737	167,898	86,213	54,993	27,962	22,797	7,247	10,948						3,496
Cash	144,270	17,780	126,113	299,806	129,003	110,101	34,441	22,820	24,935	23,671	17,406	14,904	27,756
misc current assets
total current assets	4,042,277	2,892,865	2,769,399	2,127,354	2,479,006	2,368,762	2,088,192	1,288,327	666,781	526,850	495,660	428,346	220,524	321	15,154
total assets	4,335,736	3,206,072	3,108,519	2,199,612	2,606,886	2,514,868	2,268,223	1,326,513	711,686	547,631	517,838	444,403	226,629	321	15,154
Bank overdraft					132,887	110,884	65,160
Bank loan		66,717	198,935
Trade Creditors	1,266,024	1,104,416	814,681	604,050	748,825	694,005	533,778	504,913	290,208	463,771	472,136	411,856	218,338	7,479	21,861
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	2,825,969	1,989,689	1,986,946	1,460,131	1,496,780	1,371,804	1,316,803	768,759	300,071
total current liabilities	4,091,993	3,160,822	3,000,562	2,064,181	2,378,492	2,176,693	1,915,741	1,273,672	590,279	463,771	472,136	411,856	218,338	7,479	21,861
loans			67,753	400,000
hp & lease commitments
Accruals and Deferred Income
other liabilities	172,067	223,878	242,215		23,810	62,718	92,876
provisions
total long term liabilities	172,067	223,878	309,968	400,000	23,810	62,718	92,876
total liabilities	4,264,060	3,384,700	3,310,530	2,464,181	2,402,302	2,239,411	2,008,617	1,273,672	590,279	463,771	472,136	411,856	218,338	7,479	21,861
net assets	71,676	-178,628	-202,011	-264,569	204,584	275,457	259,606	52,841	121,407	83,860	45,702	32,547	8,291	-7,158	-6,707
total shareholders funds	71,676	-178,628	-202,011	-264,569	204,584	275,457	259,606	52,841	121,407	83,860	45,702	32,547	8,291	-7,158	-6,707

	Mar 2024	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	333,238	42,897	98,136	-453,114	-63,558	24,969	133,783	-68,626	46,812	48,199	17,004	31,809	20,808	-451	-6,807
Depreciation	92,369	92,124	82,114	24,089	39,641	46,505	27,860	11,654	7,289	4,367	5,922	3,324	2,035
Amortisation
Tax	-83,435	-5,485	-14,674			-3,718	-25,044		-9,387	-10,143	-3,929	-7,660	-5,428
Stock	107,773	19,612	40,497	-38,178	12,715	14,470	55,100	-6,647	15,823	-21,252	29,433	-11,058	12,762
Debtors	915,149	212,187	775,241	-484,277	78,627	190,440	733,144	630,308	122,844	46,177	35,379	231,732	179,685	-14,833	15,154
Creditors	161,608	289,735	210,631	-144,775	54,820	160,227	28,865	214,705	-173,563	-8,365	60,280	193,518	210,859	-14,382	21,861
Accruals and Deferred Income	836,280	2,743	526,815	-36,649	124,976	55,001	548,044	468,688	300,071
Deferred Taxes & Provisions
Cash flow from operations	317,138	190,215	87,284	-87,994	64,537	78,074	-74,736	2,760	32,555	9,133	14,465	317	35,827		-100
Investing Activities
capital expenditure	-72,621	-66,211	-348,976	31,533	-21,415	-12,580	-169,705	-4,935	-31,413	-2,970	-12,043	-13,276	-8,140
Change in Investments
cash flow from investments	-72,621	-66,211	-348,976	31,533	-21,415	-12,580	-169,705	-4,935	-31,413	-2,970	-12,043	-13,276	-8,140
Financing Activities
Bank loans	-66,717	-132,218	198,935
Group/Directors Accounts
Other Short Term Loans
Long term loans		-67,753	-332,247	400,000
Hire Purchase and Lease Commitments
other long term liabilities	-51,811	-18,337	242,215	-23,810	-38,908	-30,158	92,876
share issue							100,000								100
interest	501	-14,029	-20,904	-16,039	-7,315	-5,399	-1,975	60	122	103	81	107	69
cash flow from financing	-118,027	-232,337	87,999	360,151	-46,223	-35,557	190,901	60	122	103	81	107	69		100
cash and cash equivalents
cash	126,490	-108,333	-173,693	170,803	18,902	75,660	11,621	-2,115	1,264	6,265	2,502	-12,852	27,756
overdraft				-132,887	22,003	45,724	65,160
change in cash	126,490	-108,333	-173,693	303,690	-3,101	29,936	-53,539	-2,115	1,264	6,265	2,502	-12,852	27,756

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TECHNICAL ASSET MANAGEMENT LIMITED group structure

Technical Asset Management Limited has no subsidiary companies.

Ultimate parent company

TECH ENGINEERING GROUP LTD

07322124

1 parent

TECHNICAL ASSET MANAGEMENT LIMITED

05312823

TECHNICAL ASSET MANAGEMENT LIMITED Shareholders

tech engineering group ltd

100%

Technical Asset Management Limited currently has 5 directors. The longest serving directors include Mr Paul Quinnell (Dec 2004) and Mr Leonard Hook (Dec 2004).

officer	country	age	start	end	role
Mr Paul Quinnell	United Kingdom	59 years	Dec 2004	-	Director
Mr Leonard Hook	United Kingdom	70 years	Dec 2004	-	Director
Mr Martin Bulger	United Kingdom	41 years	Jun 2022	-	Director
Ms Hannah Boorman	United Kingdom	35 years	Jun 2022	-	Director
Miss Megan Hook	United Kingdom	25 years	Jun 2022	-	Director

P&L

March 2024

turnover

14m

+34%

operating profit

333.2k

gross margin

29.2%

+5.2%

turnover

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

Balance Sheet

March 2024

net assets

71.7k

-1.4%

total assets

4.3m

+0.35%

cash

144.3k

+7.11%

net assets

Total assets minus all liabilities

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company number

05312823

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

December 2004

ultimate parent company

TECH ENGINEERING GROUP LTD

previous names

n t n property services limited (June 2011)

commercial maintenance and refurbishment limited (February 2009)

address

the carriage house mill street, maidstone, kent, ME15 6YE

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 technical asset management limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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technical asset management limited Company Information

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technical asset management limited Estimated Valuation

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