Tts Engineering Ltd

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tts engineering ltd Company Information

Live

MatureSmallDeclining

Company Number

05363689

Next Accounts

Nov 2025

Industry

Repair and maintenance of ships and boats

Directors

Adam Hendry

Shareholders

adam hendry

Group Structure

View All

Contact

Registered Address

unit 8 startforth road, riverside park industrial estate, middlesbrough, TS2 1PY

Website

ttsengineering.co.uk

tts engineering ltd Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of TTS ENGINEERING LTD at £1.6m based on Net Assets of £703.7k and 2.31x industry multiple (adjusted for liquidity).

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Tts Engineering Ltd is a live company located in middlesbrough, TS2 1PY with a Companies House number of 05363689. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in February 2005, it's largest shareholder is adam hendry with a 100% stake. Tts Engineering Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Tts Engineering Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£7.1m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (8.8%)

EXPORT

Tts Engineering Ltd's latest turnover from February 2024 is estimated at £2.8 million and the company has net assets of £703.7 thousand. According to their latest financial statements, Tts Engineering Ltd has 35 employees and maintains cash reserves of £597.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,763,266	2,240,123	3,554,955	3,537,055	3,569,418	4,272,717	2,515,300	2,314,629	3,213,758	3,213,338	1,637,224	2,001,839	2,375,151	538,161	1,951,648
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,984,187	1,549,643	2,445,707	2,820,988	2,770,518	3,167,088	1,781,979	1,785,882	2,362,160	2,131,194	1,177,098	1,391,996	1,663,491	377,843	1,420,659
Gross Profit	779,079	690,480	1,109,248	716,067	798,900	1,105,629	733,322	528,747	828,250	1,082,145	460,126	609,843	711,660	160,318	530,989
Admin Expenses	778,966	487,349	710,901	526,418	904,213	1,003,820	820,144	509,207	752,274	1,110,885	644,404	698,656	380,756	129,578	394,706
Operating Profit	113	203,131	398,347	189,649	-105,313	101,809	-86,822	19,540	75,976	-28,740	-184,278	-88,813	330,904	30,740	136,283
Interest Payable	0	0	0	0	0	0	0	0	1,134	0	0	0	0	0	0
Interest Receivable	35,929	23,262	1,928	226	270	133	220	188	0	617	627	905	651	41	19
Pre-Tax Profit	36,043	226,393	400,275	189,874	-105,043	101,942	-86,602	19,728	74,842	-28,123	-183,651	-87,908	331,555	30,781	136,301
Tax	-9,011	-43,015	-76,052	-36,076	0	-19,369	0	-3,945	-20,158	0	0	0	-86,204	-8,619	-38,164
Profit After Tax	27,032	183,378	324,223	153,798	-105,043	82,573	-86,602	15,782	54,684	-28,123	-183,651	-87,908	245,351	22,162	98,137
Dividends Paid	0	0	0	0	0	0	0	0	100,000	0	0	0	0	0	0
Retained Profit	27,032	183,378	324,223	153,798	-105,043	82,573	-86,602	15,782	-45,316	-28,123	-183,651	-87,908	245,351	22,162	98,137
Employee Costs	1,483,107	1,356,181	1,414,342	1,345,261	1,184,062	1,114,466	824,181	802,764	931,903	812,788	485,693	720,318	688,220	169,052	551,041
Number Of Employees	35	33	33	36	29	28	21	21	24	21	11	17	19	5	15
EBITDA*	21,994	219,084	414,929	200,779	-79,777	101,809	-84,850	19,540	78,659	-23,109	-151,298	-85,877	333,969	35,802	141,079

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	128,697	70,809	37,427	12,317	23,447	12,175	7,842	10,429	5,068	6,757	22,524	11,919	11,747	12,260	20,246
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	128,697	70,809	37,427	12,317	23,447	12,175	7,842	10,429	5,068	6,757	22,524	11,919	11,747	12,260	20,246
Stock & work in progress	154,711	100,000	150,000	101,468	190,000	0	220,000	95,000	81,789	62,456	3,400	57,845	4,500	48,789	87,861
Trade Debtors	256,002	279,878	613,234	502,311	518,904	615,418	401,988	360,922	416,845	440,816	294,195	383,665	447,854	98,784	261,523
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	75,249	73,467	39,339	53,884	67,543	0	140,933	127,550	0	0	0	0	0	0	0
Cash	597,625	771,115	391,983	379,241	71,892	0	35,587	52,386	97,898	106,695	140,280	110,715	251,390	8,978	7,416
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,083,587	1,224,460	1,194,556	1,036,904	848,339	615,418	798,508	635,858	596,532	609,967	437,875	552,225	703,744	156,551	356,800
total assets	1,212,284	1,295,269	1,231,983	1,049,221	871,786	627,593	806,350	646,287	601,600	616,724	460,399	564,144	715,491	168,811	377,046
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	147,766	149,455	220,544	192,370	201,480	507,425	167,535	180,964	493,085	550,656	260,653	286,302	347,392	47,240	276,333
Group/Directors Accounts	0	16,023	0	67,181	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	12,185	14,770	19,059	956	3,822	0	0	0	0	0	0	0	0	0	0
other current liabilities	315,346	418,002	499,134	619,691	651,259	0	601,120	341,026	0	0	0	0	0	0	0
total current liabilities	475,297	598,250	738,737	880,198	856,561	507,425	768,655	521,990	493,085	550,656	260,653	286,302	347,392	47,240	276,333
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	33,331	20,395	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	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	105,555	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	2,349	1,172	2,476
total long term liabilities	33,331	20,395	0	0	0	0	0	0	0	0	105,555	0	2,349	1,172	2,476
total liabilities	508,628	618,645	738,737	880,198	856,561	507,425	768,655	521,990	493,085	550,656	366,208	286,302	349,741	48,412	278,809
net assets	703,656	676,624	493,246	169,023	15,225	120,168	37,695	124,297	108,515	66,068	94,191	277,842	365,750	120,399	98,237
total shareholders funds	703,656	676,624	493,246	169,023	15,225	120,168	37,695	124,297	108,515	66,068	94,191	277,842	365,750	120,399	98,237

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	113	203,131	398,347	189,649	-105,313	101,809	-86,822	19,540	75,976	-28,740	-184,278	-88,813	330,904	30,740	136,283
Depreciation	21,881	15,953	16,582	11,130	25,536	0	1,972	0	2,683	5,631	32,980	2,936	3,065	5,062	4,796
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,011	-43,015	-76,052	-36,076	0	-19,369	0	-3,945	-20,158	0	0	0	-86,204	-8,619	-38,164
Stock	54,711	-50,000	48,532	-88,532	190,000	-220,000	125,000	13,211	19,333	59,056	-54,445	53,345	-44,289	-39,072	87,861
Debtors	-22,094	-299,228	96,378	-30,252	-28,971	72,497	54,449	71,627	-23,971	146,621	-89,470	-64,189	349,070	-162,739	261,523
Creditors	-1,689	-71,089	28,174	-9,110	-305,945	339,890	-13,429	-312,121	-57,571	290,003	-25,649	-61,090	300,152	-229,093	276,333
Accruals and Deferred Income	-102,656	-81,132	-120,557	-31,568	651,259	-601,120	260,094	341,026	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-2,349	1,177	-1,304	2,476
Cash flow from operations	-123,979	373,076	101,584	242,809	104,508	-31,287	-17,634	-40,338	5,568	61,217	-33,032	-138,472	244,313	-1,403	32,340
Investing Activities
capital expenditure	-79,769	-49,335	-41,692	0	-36,808	-4,333	615	-5,361	-994	10,136	-43,585	-3,108	-2,552	2,924	-25,042
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-79,769	-49,335	-41,692	0	-36,808	-4,333	615	-5,361	-994	10,136	-43,585	-3,108	-2,552	2,924	-25,042
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-16,023	16,023	-67,181	67,181	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	10,351	16,106	18,103	-2,866	3,822	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-105,555	105,555	0	0	0	0
share issue	0	0	0	0	100	-100	0	0	87,763	0	0	0	0	0	100
interest	35,929	23,262	1,928	226	270	133	220	188	-1,134	617	627	905	651	41	19
cash flow from financing	30,257	55,391	-47,150	64,541	4,192	33	220	188	86,629	-104,938	106,182	905	651	41	119
cash and cash equivalents
cash	-173,490	379,132	12,742	307,349	71,892	-35,587	-16,799	-45,512	-8,797	-33,585	29,565	-140,675	242,412	1,562	7,416
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-173,490	379,132	12,742	307,349	71,892	-35,587	-16,799	-45,512	-8,797	-33,585	29,565	-140,675	242,412	1,562	7,416

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TTS ENGINEERING LTD group structure

Tts Engineering Ltd has no subsidiary companies.

Ultimate parent company

TTS ENGINEERING LTD

05363689

TTS ENGINEERING LTD Shareholders

adam hendry

100%

Tts Engineering Ltd currently has 1 director, Mr Adam Hendry serving since Mar 2006.

officer	country	age	start	end	role
Mr Adam Hendry		47 years	Mar 2006	-	Director

P&L

February 2024

turnover

2.8m

+23%

operating profit

113.2

gross margin

28.2%

-8.53%

turnover

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

Balance Sheet

February 2024

net assets

703.7k

+0.04%

total assets

1.2m

-0.06%

cash

597.6k

-0.22%

net assets

Total assets minus all liabilities

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company number

05363689

Type

Private limited with Share Capital

industry

33150 - Repair and maintenance of ships and boats

incorporation date

February 2005

ultimate parent company

None

previous names

tavistock engineering limited (May 2006)

address

unit 8 startforth road, riverside park industrial estate, middlesbrough, TS2 1PY

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tts engineering ltd Company Information

tts engineering ltd Estimated Valuation

tts engineering ltd Estimated Valuation

tts engineering ltd Estimated Valuation

Tts Engineering Ltd Overview

Tts Engineering Ltd Health Check

TTS ENGINEERING LTD financials

tts engineering ltd Credit Report and Business Information

Tts Engineering Ltd Competitor Analysis

tts engineering ltd Ownership

tts engineering ltd directors

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