Tangent Management Limited

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tangent management limited Company Information

Live (In Liquidation)

EstablishedMicroHigh

Company Number

05583315

Website

www.tangentmanagementcorp.com

Registered Address

c/o thorntonrones ltd, 311 high road, loughton, essex, IG10 1AH

Industry

Sound recording and music publishing activities

Telephone

Next Accounts Due

472 days late

Group Structure

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Directors

Keiko McKeown2 Years

Shareholders

mr leslie richard mckeown 100%

tangent management limited Estimated Valuation

£155.6k

Pomanda estimates the enterprise value of TANGENT MANAGEMENT LIMITED at £155.6k based on a Turnover of £336.9k and 0.46x industry multiple (adjusted for size and gross margin).

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Tangent Management Limited is a live company located in loughton, IG10 1AH with a Companies House number of 05583315. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in October 2005, it's largest shareholder is mr leslie richard mckeown with a 100% stake. Tangent Management Limited is a established, micro sized company, Pomanda has estimated its turnover at £336.9k with high growth in recent years.

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Pomanda's financial health check has awarded Tangent Management Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £336.9k, make it smaller than the average company (£569.6k)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (1.5%)

EXPORT

Tangent Management Limited's latest turnover from September 2021 is estimated at £336.9 thousand and the company has net assets of £35.5 thousand. According to their latest financial statements, Tangent Management Limited has 3 employees and maintains cash reserves of £823.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	336,943	524,806	456,429	199,350	319,488	45,775	14,119	7,842	4,831	16,959	13,482	5,564
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	266,325	400,289	333,619	149,456	250,298	34,746	10,252	6,158	3,609	12,288	9,916	4,058
Gross Profit	70,618	124,518	122,811	49,893	69,190	11,029	3,867	1,684	1,222	4,671	3,566	1,506
Admin Expenses	150,697	82,762	85,805	4,488	47,269	20,705	-14,384	567	18,263	12,440	7,046	-8,640
Operating Profit	-80,079	41,756	37,006	45,405	21,921	-9,676	18,251	1,117	-17,041	-7,769	-3,480	10,146
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	903	909	5,239	2,672	1,119	1,653	1,106	652	384	308	178	19
Pre-Tax Profit	-79,176	42,665	42,244	48,078	23,040	-8,023	19,357	1,769	-16,657	-7,461	-3,302	10,165
Tax	0	-8,106	-8,026	-9,135	-4,608	0	-4,065	-407	0	0	0	-2,846
Profit After Tax	-79,176	34,559	34,218	38,943	18,432	-8,023	15,292	1,362	-16,657	-7,461	-3,302	7,319
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-79,176	34,559	34,218	38,943	18,432	-8,023	15,292	1,362	-16,657	-7,461	-3,302	7,319
Employee Costs	114,246	136,636	140,784	126,456	124,685	47,061	47,886	48,051	46,433	45,154	46,864	47,352
Number Of Employees	3	3	3	3	3	1	1	1	1	1	1	1
EBITDA*	-76,851	45,972	41,535	49,425	23,325	-9,048	18,831	2,329	-13,830	-4,702	-207	12,500

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 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	8,977	12,205	15,194	16,085	4,443	1,024	1,069	476	1,688	4,147	6,812	6,393
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,977	12,205	15,194	16,085	4,443	1,024	1,069	476	1,688	4,147	6,812	6,393
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	7,157	0	0	6,253	0	14,739	3,675	0	0	5,688	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	823,600	981,559	837,394	559,645	509,301	385,809	275,528	166,845	93,951	59,790	63,470	7,695
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	830,757	981,559	837,394	565,898	509,301	400,548	279,203	166,845	93,951	65,478	63,470	7,695
total assets	839,734	993,764	852,588	581,983	513,744	401,572	280,272	167,321	95,639	69,625	70,282	14,088
Bank overdraft	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
Trade Creditors	802,521	876,725	769,594	536,077	506,781	10,594	10,318	7,622	4,943	3,147	16,117	4,793
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	802,521	876,725	769,594	536,077	506,781	10,594	10,318	7,622	4,943	3,147	16,117	4,793
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	402,447	273,400	178,233	110,548	69,167	48,879	756
provisions	1,706	2,356	2,870	0	0	0	0	204	248	754	1,268	1,219
total long term liabilities	1,706	2,356	2,870	0	0	402,447	273,400	178,437	110,796	69,921	50,147	1,975
total liabilities	804,227	879,081	772,464	536,077	506,781	413,041	283,718	186,059	115,739	73,068	66,264	6,768
net assets	35,507	114,683	80,124	45,906	6,963	-11,469	-3,446	-18,738	-20,100	-3,443	4,018	7,320
total shareholders funds	35,507	114,683	80,124	45,906	6,963	-11,469	-3,446	-18,738	-20,100	-3,443	4,018	7,320

	Sep 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	-80,079	41,756	37,006	45,405	21,921	-9,676	18,251	1,117	-17,041	-7,769	-3,480	10,146
Depreciation	3,228	4,216	4,529	4,020	1,404	628	580	1,212	3,211	3,067	3,273	2,354
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-8,106	-8,026	-9,135	-4,608	0	-4,065	-407	0	0	0	-2,846
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	7,157	0	-6,253	6,253	-14,739	11,064	3,675	0	-5,688	5,688	0	0
Creditors	-74,204	107,131	233,517	29,296	496,187	276	2,696	2,679	1,796	-12,970	11,324	4,793
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-650	-514	2,870	0	0	0	-204	-44	-506	-514	49	1,219
Cash flow from operations	-158,862	144,483	276,149	63,333	529,643	-19,836	13,583	4,557	-6,852	-23,874	11,166	15,666
Investing Activities
capital expenditure	0	-1,227	-3,638	-15,662	-4,823	-583	-1,173	0	-752	-402	-3,692	-8,747
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1,227	-3,638	-15,662	-4,823	-583	-1,173	0	-752	-402	-3,692	-8,747
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-402,447	129,047	95,167	67,685	41,381	20,288	48,123	756
share issue	0	0	0	0	0	0	0	0	0	0	0	1
interest	903	909	5,239	2,672	1,119	1,653	1,106	652	384	308	178	19
cash flow from financing	903	909	5,239	2,672	-401,328	130,700	96,273	68,337	41,765	20,596	48,301	776
cash and cash equivalents
cash	-157,959	144,165	277,749	50,344	123,492	110,281	108,683	72,894	34,161	-3,680	55,775	7,695
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-157,959	144,165	277,749	50,344	123,492	110,281	108,683	72,894	34,161	-3,680	55,775	7,695

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TANGENT MANAGEMENT LIMITED group structure

Tangent Management Limited has no subsidiary companies.

Ultimate parent company

TANGENT MANAGEMENT LIMITED

05583315

TANGENT MANAGEMENT LIMITED Shareholders

mr leslie richard mckeown

100%

Tangent Management Limited currently has 1 director, Mrs Keiko McKeown serving since Feb 2022.

officer	country	age	start	end	role
Mrs Keiko McKeown		76 years	Feb 2022	-	Director

P&L

September 2021

turnover

336.9k

-36%

operating profit

-80.1k

gross margin

21%

-11.67%

turnover

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

Balance Sheet

September 2021

net assets

35.5k

-0.69%

total assets

839.7k

-0.15%

cash

823.6k

-0.16%

net assets

Total assets minus all liabilities

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company number

05583315

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

October 2005

ultimate parent company

None

previous names

N/A

address

c/o thorntonrones ltd, 311 high road, loughton, essex, IG10 1AH

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 did not find charges/mortgages relating to tangent management limited.

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