Teec Limited

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teec limited Company Information

Live

EstablishedSmallHigh

Company Number

05524457

Next Accounts

Sep 2025

Industry

Other information technology and computer service activities

Directors

Adrian Abbs

Michael Germany

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Shareholders

mr adrian neil abbs

mr brendan routen

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Group Structure

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Contact

Registered Address

2 old bath road, newbury, berkshire, RG14 1QL

Website

www.teecdigital.co.uk

teec limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of TEEC LIMITED at £2.1m based on Net Assets of £961k and 2.23x industry multiple (adjusted for liquidity).

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Teec Limited is a live company located in berkshire, RG14 1QL with a Companies House number of 05524457. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 2005, it's largest shareholder is mr adrian neil abbs with a 77% stake. Teec Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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Pomanda's financial health check has awarded Teec Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£7.1m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (7.5%)

EXPORT

Teec Limited's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of £961 thousand. According to their latest financial statements, Teec Limited has 12 employees and maintains cash reserves of £108.5 thousand 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	1,447,881	1,020,053	758,646	827,146	1,441,816	1,343,017	1,798,625	1,624,667	1,136,776	622,984	265,681	217,967	110,692	29,283	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	727,495	491,445	366,241	399,514	689,486	631,840	847,825	759,980	534,537	292,688	124,297	103,869	52,748	13,516	0
Gross Profit	720,386	528,608	392,405	427,632	752,330	711,177	950,800	864,687	602,240	330,295	141,384	114,098	57,944	15,767	0
Admin Expenses	735,917	483,941	339,368	217,409	652,990	422,727	906,547	547,402	551,106	268,534	130,201	111,884	54,298	20,538	-7,664
Operating Profit	-15,531	44,667	53,037	210,223	99,340	288,450	44,253	317,285	51,134	61,761	11,183	2,214	3,646	-4,771	7,664
Interest Payable	0	0	0	0	458	458	0	0	0	0	0	0	0	0	0
Interest Receivable	8,445	8,893	1,102	428	2,141	1,509	318	104	187	59	45	33	46	54	14
Pre-Tax Profit	-7,086	53,560	54,138	210,652	101,023	289,501	44,570	317,389	51,321	61,820	11,227	2,247	3,692	-4,717	7,678
Tax	0	-10,176	-10,286	-40,024	-19,194	-55,005	-8,468	-63,478	-10,264	-12,982	-2,582	-539	-960	0	-2,150
Profit After Tax	-7,086	43,384	43,852	170,628	81,829	234,496	36,102	253,911	41,057	48,838	8,645	1,708	2,732	-4,717	5,528
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,086	43,384	43,852	170,628	81,829	234,496	36,102	253,911	41,057	48,838	8,645	1,708	2,732	-4,717	5,528
Employee Costs	859,103	680,375	586,882	736,224	842,968	694,454	610,040	381,410	220,126	273,301	107,058	104,826	52,028	49,948	0
Number Of Employees	12	10	9	12	14	12	11	7	4	5	2	2	1	1	0
EBITDA*	-9,971	47,386	61,109	228,881	138,647	324,441	66,511	318,060	51,871	62,498	11,872	2,214	3,646	-4,771	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	106,290	5,820	1,196	9,268	27,926	57,022	66,717	50,429	169	906	1,454	0	0	0	0
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	106,290	5,820	1,196	9,268	27,926	57,022	66,717	50,429	169	906	1,454	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	222,231	138,526	87,845	57,183	217,043	238,778	415,059	382,200	270,066	116,069	46,177	34,462	17,759	2,501	29,266
Group Debtors	696,862	696,862	561,098	301,672	280,586	178,420	28,124	144,537	0	0	0	0	0	0	0
Misc Debtors	61,324	49,544	38,367	34,491	43,698	56,354	17,001	3,827	20	0	0	0	0	0	0
Cash	108,537	213,184	295,015	586,359	270,548	300,471	102,034	25,066	57,970	16,876	6,648	11,153	1,998	16,359	5,423
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,088,954	1,098,116	982,325	979,705	811,875	774,023	562,218	555,630	328,056	132,945	52,825	45,615	19,757	18,860	34,689
total assets	1,195,244	1,103,936	983,521	988,973	839,801	831,045	628,935	606,059	328,225	133,851	54,279	45,615	19,757	18,860	34,689
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	12,727	23,095	1,319	25,828	34,344	13,260	15,659	22,965	80,236	71,025	40,291	40,292	16,142	17,977	29,089
Group/Directors Accounts	0	0	0	0	0	0	0	0	31,568	0	0	0	0	0	0
other short term finances	0	0	0	0	0	13,572	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	13,572	13,572	0	0	0	0	0	0	0
other current liabilities	204,928	111,293	57,194	80,527	89,922	164,979	179,551	177,883	112,538	0	0	0	0	0	0
total current liabilities	217,655	134,388	58,513	106,355	124,266	191,811	208,782	214,420	224,342	71,025	40,291	40,292	16,142	17,977	29,089
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	13,572	23,751	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	0	0	0	0	0
provisions	16,582	1,455	299	1,761	5,306	10,834	12,677	10,086	0	0	0	0	0	0	0
total long term liabilities	16,582	1,455	299	1,761	5,306	10,834	26,249	33,837	0	0	0	0	0	0	0
total liabilities	234,237	135,843	58,812	108,116	129,572	202,645	235,031	248,257	224,342	71,025	40,291	40,292	16,142	17,977	29,089
net assets	961,007	968,093	924,709	880,857	710,229	628,400	393,904	357,802	103,883	62,826	13,988	5,323	3,615	883	5,600
total shareholders funds	961,007	968,093	924,709	880,857	710,229	628,400	393,904	357,802	103,883	62,826	13,988	5,323	3,615	883	5,600

	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	-15,531	44,667	53,037	210,223	99,340	288,450	44,253	317,285	51,134	61,761	11,183	2,214	3,646	-4,771	7,664
Depreciation	5,560	2,719	8,072	18,658	39,307	35,991	22,258	775	737	737	689	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-10,176	-10,286	-40,024	-19,194	-55,005	-8,468	-63,478	-10,264	-12,982	-2,582	-539	-960	0	-2,150
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	95,485	197,622	293,964	-147,981	67,775	13,368	-70,380	260,478	154,017	69,892	11,715	16,703	15,258	-26,765	29,266
Creditors	-10,368	21,776	-24,509	-8,516	21,084	-2,399	-7,306	-57,271	9,211	30,734	-1	24,150	-1,835	-11,112	29,089
Accruals and Deferred Income	93,635	54,099	-23,333	-9,395	-75,057	-14,572	1,668	65,345	112,538	0	0	0	0	0	0
Deferred Taxes & Provisions	15,127	1,156	-1,462	-3,545	-5,528	-1,843	2,591	10,086	0	0	0	0	0	0	0
Cash flow from operations	-7,062	-83,381	-292,445	315,382	-7,823	237,254	125,376	12,264	9,339	10,358	-2,426	9,122	-14,407	10,882	5,337
Investing Activities
capital expenditure	-106,030	-7,343	0	0	-10,211	-26,296	-38,546	-51,035	0	-189	-2,143	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-106,030	-7,343	0	0	-10,211	-26,296	-38,546	-51,035	0	-189	-2,143	0	0	0	0
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	-31,568	31,568	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-13,572	13,572	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	-27,144	-10,179	37,323	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	0	0	0	0	0	0	0	8	0	0	20	0	0	0	72
interest	8,445	8,893	1,102	428	1,683	1,051	318	104	187	59	45	33	46	54	14
cash flow from financing	8,445	8,893	1,102	428	-11,889	-12,521	-9,861	5,867	31,755	59	65	33	46	54	86
cash and cash equivalents
cash	-104,647	-81,831	-291,344	315,811	-29,923	198,437	76,968	-32,904	41,094	10,228	-4,505	9,155	-14,361	10,936	5,423
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-104,647	-81,831	-291,344	315,811	-29,923	198,437	76,968	-32,904	41,094	10,228	-4,505	9,155	-14,361	10,936	5,423

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TEEC LIMITED group structure

Teec Limited has no subsidiary companies.

Ultimate parent company

TEEC LIMITED

05524457

TEEC LIMITED Shareholders

mr adrian neil abbs	77%
mr brendan routen	8%
mr michael germany	6%
ms lynn patricia harrell	5%
john david	4%

Teec Limited currently has 3 directors. The longest serving directors include Mr Adrian Abbs (Aug 2005) and Mr Michael Germany (Sep 2017).

officer	country	age	start	end	role
Mr Adrian Abbs	England	63 years	Aug 2005	-	Director
Mr Michael Germany	United Kingdom	45 years	Sep 2017	-	Director
Mr Mark Holton		49 years	Dec 2023	-	Director

P&L

December 2023

turnover

1.4m

+42%

operating profit

-15.5k

gross margin

49.8%

-3.99%

turnover

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

Balance Sheet

December 2023

net assets

961k

-0.01%

total assets

1.2m

+0.08%

cash

108.5k

-0.49%

net assets

Total assets minus all liabilities

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company number

05524457

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

August 2005

ultimate parent company

None

previous names

N/A

address

2 old bath road, newbury, berkshire, RG14 1QL

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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teec limited Company Information

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teec limited Estimated Valuation

teec limited Estimated Valuation

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