Tsec Limited

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tsec limited Company Information

Live

EstablishedSmallRapid

Company Number

05335864

Website

http://tsec.ltd.uk

Registered Address

units 1 - 2, tanfield lea south industrial es, stanley, durham, DH9 9XA

Industry

Manufacture of electronic components

Telephone

01207230728

Next Accounts Due

September 2025

Group Structure

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Directors

Tore Skjaerstad19 Years

Shareholders

tore skjaerstad 100%

tsec limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of TSEC LIMITED at £1.3m based on a Turnover of £1.8m and 0.73x industry multiple (adjusted for size and gross margin).

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Tsec Limited is a live company located in stanley, DH9 9XA with a Companies House number of 05335864. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in January 2005, it's largest shareholder is tore skjaerstad with a 100% stake. Tsec Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Tsec Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£20.8m)

Growth

3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (7.1%)

EXPORT

Tsec Limited's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of £553.7 thousand. According to their latest financial statements, Tsec Limited has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,786,136	559,077	397,262	397,484	527,885	437,389	397,530	402,797	163,360	328,704	438,503	368,343	467,808	316,965	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,449,784	461,473	321,278	320,658	424,163	355,204	323,720	323,300	133,960	272,088	357,724	298,571	368,809	246,860	0
Gross Profit	336,353	97,604	75,984	76,826	103,722	82,185	73,810	79,497	29,400	56,616	80,779	69,773	99,000	70,104	0
Admin Expenses	321,247	45,482	35,981	70,764	46,130	27,335	-6,117	31,936	1,185	2,075	4,939	27,667	18,232	46,621	-6,354
Operating Profit	15,106	52,122	40,003	6,062	57,592	54,850	79,927	47,561	28,215	54,541	75,840	42,106	80,768	23,483	6,354
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,189	16,266	1,115	432	2,818	2,346	1,250	485	755	688	592	430	375	293	131
Pre-Tax Profit	27,295	68,388	41,117	6,494	60,410	57,196	81,177	48,046	28,970	55,229	76,432	42,536	81,143	23,776	6,485
Tax	-6,824	-12,994	-7,812	-1,234	-11,478	-10,867	-15,424	-9,609	-5,794	-11,598	-17,579	-10,209	-21,097	-6,657	-1,816
Profit After Tax	20,471	55,394	33,305	5,260	48,932	46,329	65,753	38,437	23,176	43,631	58,853	32,327	60,046	17,119	4,669
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	20,471	55,394	33,305	5,260	48,932	46,329	65,753	38,437	23,176	43,631	58,853	32,327	60,046	17,119	4,669
Employee Costs	424,370	407,475	347,792	344,200	390,574	363,200	317,628	316,796	39,755	76,498	75,217	74,509	70,761	69,911	0
Number Of Employees	9	9	8	8	9	9	8	8	1	2	2	2	2	2	0
EBITDA*	15,106	61,360	52,381	15,005	69,639	70,182	88,056	50,161	29,842	56,712	78,735	42,659	81,505	24,466	7,664

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	20,887	27,850	37,133	26,830	35,773	45,997	24,385	7,802	4,885	6,512	8,683	11,578	2,213	2,950	3,933
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	20,887	27,850	37,133	26,830	35,773	45,997	24,385	7,802	4,885	6,512	8,683	11,578	2,213	2,950	3,933
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	595,172	75,594	51,160	48,905	88,572	57,908	63,269	64,964	48,019	85,776	95,000	83,785	106,882	60,830	38,173
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	2,750	5,476	17,725	18,661	21,647	23,062	41,089	43,066	37,468	0	0	0	0	0
Cash	0	487,558	441,915	449,874	414,239	337,112	288,615	211,389	176,929	125,097	150,056	86,758	85,186	64,833	52,486
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	595,172	565,902	498,551	516,504	521,472	416,667	374,946	317,442	268,014	248,341	245,056	170,543	192,068	125,663	90,659
total assets	616,059	593,752	535,684	543,334	557,245	462,664	399,331	325,244	272,899	254,853	253,739	182,121	194,281	128,613	94,592
Bank overdraft	0	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	0
Trade Creditors	55,815	53,883	3,889	13,262	2,459	2,187	1,498	7,426	5,665	38,207	80,724	67,959	112,446	106,824	89,922
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	53,957	85,539	115,513	70,136	53,821	39,559	27,412	0	0	0	0	0	0
total current liabilities	55,815	53,883	57,846	98,801	117,972	72,323	55,319	46,985	33,077	38,207	80,724	67,959	112,446	106,824	89,922
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	1,250	1,345	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	5,292	5,292	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	6,542	6,637	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	62,357	60,520	57,846	98,801	117,972	72,323	55,319	46,985	33,077	38,207	80,724	67,959	112,446	106,824	89,922
net assets	553,702	533,232	477,838	444,533	439,273	390,341	344,012	278,259	239,822	216,646	173,015	114,162	81,835	21,789	4,670
total shareholders funds	553,702	533,232	477,838	444,533	439,273	390,341	344,012	278,259	239,822	216,646	173,015	114,162	81,835	21,789	4,670

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	15,106	52,122	40,003	6,062	57,592	54,850	79,927	47,561	28,215	54,541	75,840	42,106	80,768	23,483	6,354
Depreciation	0	9,238	12,378	8,943	12,047	15,332	8,129	2,600	1,627	2,171	2,895	553	737	983	1,310
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,824	-12,994	-7,812	-1,234	-11,478	-10,867	-15,424	-9,609	-5,794	-11,598	-17,579	-10,209	-21,097	-6,657	-1,816
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	516,828	21,708	-9,994	-40,603	27,678	-6,776	-19,722	14,968	-32,159	28,244	11,215	-23,097	46,052	22,657	38,173
Creditors	1,932	49,994	-9,373	10,803	272	689	-5,928	1,761	-32,542	-42,517	12,765	-44,487	5,622	16,902	89,922
Accruals and Deferred Income	-95	-52,612	-31,582	-29,974	45,377	16,315	14,262	12,147	27,412	0	0	0	0	0	0
Deferred Taxes & Provisions	0	5,292	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-506,709	29,332	13,608	35,203	76,132	83,095	100,688	39,492	51,077	-25,647	62,706	11,060	19,978	12,054	57,597
Investing Activities
capital expenditure	6,963	45	-22,681	0	-1,823	-36,944	-24,712	-5,517	0	0	0	-9,918	0	0	-5,243
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,963	45	-22,681	0	-1,823	-36,944	-24,712	-5,517	0	0	0	-9,918	0	0	-5,243
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-1	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	12,189	16,266	1,115	432	2,818	2,346	1,250	485	755	688	592	430	375	293	131
cash flow from financing	12,188	16,266	1,115	432	2,818	2,346	1,250	485	755	688	592	430	375	293	132
cash and cash equivalents
cash	-487,558	45,643	-7,959	35,635	77,127	48,497	77,226	34,460	51,832	-24,959	63,298	1,572	20,353	12,347	52,486
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-487,558	45,643	-7,959	35,635	77,127	48,497	77,226	34,460	51,832	-24,959	63,298	1,572	20,353	12,347	52,486

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for tsec limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in DH9 area or any other competitors across 12 key performance metrics.

TSEC LIMITED group structure

Tsec Limited has no subsidiary companies.

Ultimate parent company

TSEC LIMITED

05335864

TSEC LIMITED Shareholders

tore skjaerstad

100%

Tsec Limited currently has 1 director, Mr Tore Skjaerstad serving since Jan 2005.

officer	country	age	start	end	role
Mr Tore Skjaerstad		63 years	Jan 2005	-	Director

P&L

December 2023

turnover

1.8m

+219%

operating profit

15.1k

gross margin

18.9%

+7.87%

turnover

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

Balance Sheet

December 2023

net assets

553.7k

+0.04%

total assets

616.1k

+0.04%

cash

-1%

net assets

Total assets minus all liabilities

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company number

05335864

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

January 2005

ultimate parent company

None

previous names

N/A

address

units 1 - 2, tanfield lea south industrial es, stanley, durham, DH9 9XA

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.

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tsec limited Company Information

tsec limited Estimated Valuation

tsec limited Estimated Valuation

tsec limited Estimated Valuation

Tsec Limited Overview

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TSEC LIMITED financials

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