Pomanda estimates the enterprise value of T.E.C. ELECTRIC MOTORS LIMITED at £15.4m based on a Turnover of £21.4m and 0.72x industry multiple (adjusted for size and gross margin).
t.e.c. electric motors limitedEstimated Valuation
£24.7m
Pomanda estimates the enterprise value of T.E.C. ELECTRIC MOTORS LIMITED at £24.7m based on an EBITDA of £4.8m and a 5.16x industry multiple (adjusted for size and gross margin).
t.e.c. electric motors limitedEstimated Valuation
£33.3m
Pomanda estimates the enterprise value of T.E.C. ELECTRIC MOTORS LIMITED at £33.3m based on Net Assets of £14.1m and 2.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
T.e.c. Electric Motors LimitedOverview
T.e.c. Electric Motors Limited is a live company located in kidderminster, DY10 4JB with a Companies House number of 05448900. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2005, it's largest shareholder is
spartan motor holdings limited
with a 94.2% stake. T.e.c. Electric Motors Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£21.4m with
healthy
growth in recent years.
Pomanda's financial health check has awarded T.E.C. Electric Motors 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
1 Regular
2 Weak
Size
annual sales of £21.4m, make it larger than the average company (£4.3m)
£21.4m - T.e.c. Electric Motors Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (9.1%)
11% - T.e.c. Electric Motors Limited
9.1% - Industry AVG
Production
with a gross margin of 34.1%, this company has a comparable cost of product (37.6%)
34.1% - T.e.c. Electric Motors Limited
37.6% - Industry AVG
Profitability
an operating margin of 22.1% make it more profitable than the average company (5.5%)
22.1% - T.e.c. Electric Motors Limited
5.5% - Industry AVG
Employees
with 41 employees, this is above the industry average (25)
41 - T.e.c. Electric Motors Limited
25 - Industry AVG
Pay Structure
on an average salary of £35.2k, the company has a lower pay structure (£50.7k)
£35.2k - T.e.c. Electric Motors Limited
£50.7k - Industry AVG
Efficiency
resulting in sales per employee of £521.1k, this is more efficient (£156.2k)
£521.1k - T.e.c. Electric Motors Limited
£156.2k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (38 days)
81 days - T.e.c. Electric Motors Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 90 days, this is slower than average (32 days)
90 days - T.e.c. Electric Motors Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 272 days, this is more than average (28 days)
272 days - T.e.c. Electric Motors Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 33 weeks, this is more cash available to meet short term requirements (24 weeks)
33 weeks - T.e.c. Electric Motors Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.1%, this is a lower level of debt than the average (60.5%)
26.1% - T.e.c. Electric Motors Limited
60.5% - Industry AVG
T.E.C. ELECTRIC MOTORS LIMITED financials
EXPORT
T.E.C. Electric Motors Limited's latest turnover from May 2024 is £21.4 million and the company has net assets of £14.1 million. According to their latest financial statements, T.E.C. Electric Motors Limited has 41 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Turnover
21,363,679
21,028,778
20,210,241
15,424,347
14,765,123
16,609,503
16,088,611
14,190,165
12,358,177
12,003,145
11,284,789
9,269,888
8,922,652
7,526,230
9,666,085
Other Income Or Grants
Cost Of Sales
14,073,079
14,013,478
13,869,081
10,777,050
10,896,253
11,516,508
11,296,704
9,585,866
8,880,997
8,977,071
7,246,266
5,947,423
5,584,447
6,017,122
5,736,042
Gross Profit
7,290,600
7,015,300
6,341,160
4,647,297
3,868,870
5,092,995
4,791,907
4,604,299
3,477,180
3,026,074
4,038,523
3,322,465
3,338,205
1,509,108
3,930,042
Admin Expenses
2,574,283
2,282,221
1,948,417
1,818,224
2,231,710
2,605,681
2,249,196
2,099,273
2,016,219
1,953,217
3,128,464
2,558,294
2,927,722
1,012,787
2,921,663
Operating Profit
4,716,317
4,733,079
4,392,743
2,829,073
1,637,160
2,487,314
2,542,711
2,505,026
1,460,961
1,072,857
910,059
764,171
410,483
496,321
1,008,379
Interest Payable
93,299
174,247
178,624
153,884
127,282
180,965
137,297
122,407
110,619
10,590
198
793
793
Interest Receivable
8
1,125
10,185
3
450
5
4,813
260
10
27
1,079
59
114
Pre-Tax Profit
4,623,018
4,558,840
4,214,119
2,676,314
1,520,063
2,306,352
2,405,864
2,382,624
1,355,155
1,062,527
909,686
764,000
411,907
495,587
1,008,493
Tax
-1,179,892
-916,011
-791,796
-478,975
-294,750
-403,850
-470,930
-474,763
-281,206
-239,395
-206,443
-182,894
-100,730
-125,358
-282,378
Profit After Tax
3,443,126
3,642,829
3,422,323
2,197,339
1,225,313
1,902,502
1,934,934
1,907,861
1,073,949
823,132
703,243
581,106
311,177
370,229
726,115
Dividends Paid
2,000,000
3,518,474
690,000
535,000
520,000
300,000
500,000
539,500
486,000
1,026,000
90,000
Retained Profit
1,443,126
124,355
3,422,323
2,197,339
1,225,313
1,212,502
1,399,934
1,387,861
773,949
323,132
163,743
95,106
-714,823
280,229
726,115
Employee Costs
1,443,045
1,250,663
1,169,499
1,117,042
1,255,704
1,304,260
1,183,260
1,097,947
1,059,958
1,081,394
959,403
767,180
696,245
523,528
2,756,671
Number Of Employees
41
38
36
40
45
46
42
40
39
39
34
28
24
18
77
EBITDA*
4,784,281
4,772,968
4,432,514
2,884,623
1,707,789
2,581,643
2,624,184
2,557,694
1,514,425
1,127,469
953,801
802,497
447,614
521,240
1,032,542
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Tangible Assets
217,914
136,701
144,214
192,275
237,971
313,936
256,462
139,390
179,762
228,009
151,338
133,935
123,000
82,683
79,812
Intangible Assets
21,920
24,660
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
239,834
161,361
144,214
192,275
237,971
313,936
256,462
139,390
179,762
228,009
151,338
133,935
123,000
82,683
79,812
Stock & work in progress
10,490,752
11,530,822
7,737,463
4,765,022
5,433,008
7,636,188
4,476,334
2,417,834
2,164,932
2,382,931
2,243,719
1,123,456
1,033,391
799,415
368,467
Trade Debtors
4,750,847
4,385,111
4,887,151
3,915,204
2,640,166
3,504,051
4,250,000
3,608,002
3,491,845
3,036,650
2,983,362
2,580,438
2,340,392
2,069,888
1,524,999
Group Debtors
338,547
359,500
2,913,269
2,389,690
1,339,563
515,861
1,257,315
452,528
91,235
407,157
386,757
335,287
273,105
Misc Debtors
55,588
42,006
267,761
42,394
66,204
395,155
93,486
1,604,652
326,774
457,787
35,992
7,336
7,192
340,407
Cash
3,155,617
2,238,451
435,354
863,039
2,055,628
132,177
158,801
352,514
49,709
176,540
192,450
1,015,292
458,458
773,578
45,794
misc current assets
500
total current assets
18,791,351
18,555,890
16,240,998
11,975,349
11,534,569
12,183,432
10,235,936
8,435,530
6,124,495
6,461,065
5,842,280
5,062,309
4,112,538
3,983,288
1,939,260
total assets
19,031,185
18,717,251
16,385,212
12,167,624
11,772,540
12,497,368
10,492,398
8,574,920
6,304,257
6,689,074
5,993,618
5,196,244
4,235,538
4,065,971
2,019,072
Bank overdraft
732,140
536,569
380,875
1,062,900
Bank loan
750,000
750,000
Trade Creditors
3,479,971
4,847,548
1,907,918
772,908
2,701,556
4,485,046
3,163,826
4,960,406
3,804,505
3,522,782
3,387,451
3,528,289
2,398,780
1,674,995
1,283,750
Group/Directors Accounts
179,013
1,314,289
1,266,379
846,084
951,918
83,058
other short term finances
hp & lease commitments
13,093
19,575
35,794
19,001
33,256
8,642
7,666
9,517
28,564
729
2,440
other current liabilities
1,338,791
1,186,291
1,154,094
718,394
567,830
2,188,270
2,500,098
243,778
369,369
156,258
236,871
419,306
194,031
227,588
total current liabilities
4,831,855
6,033,839
3,831,587
2,277,096
3,288,387
6,706,572
5,672,566
5,211,850
4,362,404
5,754,033
5,427,270
4,793,679
3,926,333
3,050,981
1,283,750
loans
750,000
1,500,000
hp & lease commitments
75,496
19,575
55,370
74,370
35,069
35,613
28,350
42,650
Accruals and Deferred Income
other liabilities
729
3,169
provisions
63,528
66,232
60,800
50,451
55,620
68,576
349,415
292,043
265,950
18,787
15,876
15,836
17,582
7,815
5,935
total long term liabilities
139,024
66,232
60,800
820,026
1,610,990
142,946
384,484
327,656
294,300
61,437
15,876
15,836
17,582
8,544
9,104
total liabilities
4,970,879
6,100,071
3,892,387
3,097,122
4,899,377
6,849,518
6,057,050
5,539,506
4,656,704
5,815,470
5,443,146
4,809,515
3,943,915
3,059,525
1,292,854
net assets
14,060,306
12,617,180
12,492,825
9,070,502
6,873,163
5,647,850
4,435,348
3,035,414
1,647,553
873,604
550,472
386,729
291,623
1,006,446
726,218
total shareholders funds
14,060,306
12,617,180
12,492,825
9,070,502
6,873,163
5,647,850
4,435,348
3,035,414
1,647,553
873,604
550,472
386,729
291,623
1,006,446
726,218
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Operating Activities
Operating Profit
4,716,317
4,733,079
4,392,743
2,829,073
1,637,160
2,487,314
2,542,711
2,505,026
1,460,961
1,072,857
910,059
764,171
410,483
496,321
1,008,379
Depreciation
65,224
37,149
39,771
55,550
70,629
94,329
81,473
52,668
53,464
54,612
43,742
38,326
37,131
24,919
24,163
Amortisation
2,740
2,740
Tax
-1,179,892
-916,011
-791,796
-478,975
-294,750
-403,850
-470,930
-474,763
-281,206
-239,395
-206,443
-182,894
-100,730
-125,358
-282,378
Stock
-1,040,070
3,793,359
2,972,441
-667,986
-2,203,180
3,159,854
2,058,500
252,902
-217,999
139,212
1,120,263
90,065
233,976
430,948
368,467
Debtors
358,365
-3,281,564
1,720,893
2,301,355
-369,134
-1,185,734
-64,381
1,755,328
8,260
495,483
483,050
302,372
210,394
885,296
1,524,999
Creditors
-1,367,577
2,939,630
1,135,010
-1,928,648
-1,783,490
1,321,220
-1,796,580
1,155,901
281,723
135,331
-140,838
1,129,509
723,785
391,245
1,283,750
Accruals and Deferred Income
152,500
32,197
435,700
150,564
-1,620,440
-311,828
2,256,320
-125,591
213,111
-80,613
-182,435
225,275
-33,557
227,588
Deferred Taxes & Provisions
-2,704
5,432
10,349
-5,169
-12,956
-280,839
57,372
26,093
247,163
2,911
40
-1,746
9,767
1,880
5,935
Cash flow from operations
3,068,313
6,322,421
528,443
-1,010,974
568,467
932,226
676,247
1,131,104
2,184,955
311,008
-1,179,188
1,580,204
602,509
-299,649
146,383
Investing Activities
capital expenditure
-146,437
-57,036
8,290
-9,854
5,336
-151,803
-198,545
-12,296
-5,217
-131,283
-61,145
-49,261
-77,448
-27,790
-103,975
Change in Investments
cash flow from investments
-146,437
-57,036
8,290
-9,854
5,336
-151,803
-198,545
-12,296
-5,217
-131,283
-61,145
-49,261
-77,448
-27,790
-103,975
Financing Activities
Bank loans
-750,000
750,000
Group/Directors Accounts
-179,013
-1,135,276
47,910
420,295
-105,834
868,860
83,058
Other Short Term Loans
Long term loans
-750,000
-750,000
1,500,000
Hire Purchase and Lease Commitments
88,589
-19,575
-35,794
-19,002
-33,255
63,915
432
5,412
-33,347
71,214
-729
-1,711
2,440
other long term liabilities
-729
-2,440
3,169
share issue
-1
103
interest
-93,299
-174,239
-178,624
-152,759
-117,097
-180,962
-136,847
-122,402
-105,806
-10,330
10
-171
286
-734
114
cash flow from financing
-4,710
-943,814
-964,418
-171,761
1,349,648
-117,047
-136,415
-296,003
-1,274,429
108,794
420,305
-106,734
866,706
82,323
3,386
cash and cash equivalents
cash
917,166
1,803,097
-427,685
-1,192,589
1,923,451
-26,624
-193,713
302,805
-126,831
-15,910
-822,842
556,834
-315,120
727,784
45,794
overdraft
-732,140
195,571
536,569
-380,875
-682,025
1,062,900
change in cash
917,166
1,803,097
-427,685
-1,192,589
1,923,451
-26,624
-193,713
302,805
605,309
-211,481
-1,359,411
937,709
366,905
-335,116
45,794
t.e.c. electric motors 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 t.e.c. electric motors limited. Get real-time insights into t.e.c. electric motors limited's credit score, group structure and payment trends.
T.e.c. Electric Motors Limited Competitor Analysis
Perform a competitor analysis for t.e.c. electric motors limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in DY10 area or any other competitors across 12 key performance metrics.
t.e.c. electric motors limited Ownership
T.E.C. ELECTRIC MOTORS LIMITED group structure
T.E.C. Electric Motors Limited has no subsidiary companies.
The largest shareholders in T.E.C. Electric Motors Limited include Spartan Motor Holdings Limited and Shanghai Top Motor Company Ltd.
spartan motor holdings limited
94.17%
shanghai top motor company ltd
4.85%
gareth thomas richardson
0.97%
t.e.c. electric motors limited directors
T.E.C. Electric Motors Limited currently has 3 directors.
The longest serving directors include
Mr Gareth Richardson (May 2005) and
Mr Scott Edwards (May 2005).
unit 291 & 296 oak drive, hartlebury trading estate, kidderminster, worcs, DY10 4JB
Bank
HSBC BANK PLC
Legal Advisor
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t.e.c. electric motors 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 5 charges/mortgages relating to t.e.c. electric motors limited. Currently there are 5 open charges and 0 have been satisfied in the past.
t.e.c. electric motors 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 T.E.C. ELECTRIC MOTORS LIMITED. This can take several minutes, an email will notify you when this has completed.
t.e.c. electric motors limitedCompanies House Filings - See Documents
