target servicing limited
target servicing limited Company Information
Company Number
05618062
Website
www.targetgroup.comRegistered Address
imperial way coedkernew, newport, NP10 8UH
Industry
Data processing, hosting and related activities
Telephone
448456506200
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
target group limited 100%
target servicing limited Estimated Valuation
Pomanda estimates the enterprise value of TARGET SERVICING LIMITED at £48.6m based on a Turnover of £38.4m and 1.27x industry multiple (adjusted for size and gross margin).
target servicing limited Estimated Valuation
Pomanda estimates the enterprise value of TARGET SERVICING LIMITED at £0 based on an EBITDA of £-11.5m and a 6.8x industry multiple (adjusted for size and gross margin).
target servicing limited Estimated Valuation
Pomanda estimates the enterprise value of TARGET SERVICING LIMITED at £0 based on Net Assets of £-2.8m and 2.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Target Servicing Limited Overview
Target Servicing Limited is a live company located in newport, NP10 8UH with a Companies House number of 05618062. It operates in the data processing, hosting and related activities sector, SIC Code 63110. Founded in November 2005, it's largest shareholder is target group limited with a 100% stake. Target Servicing Limited is a established, large sized company, Pomanda has estimated its turnover at £38.4m with declining growth in recent years.
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Target Servicing Limited Health Check
Pomanda's financial health check has awarded Target Servicing Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
7 Weak
Size
annual sales of £38.4m, make it larger than the average company (£5.7m)
£38.4m - Target Servicing Limited
£5.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (2.6%)
-7% - Target Servicing Limited
2.6% - Industry AVG
Production
with a gross margin of 6.2%, this company has a higher cost of product (63.8%)
6.2% - Target Servicing Limited
63.8% - Industry AVG
Profitability
an operating margin of -31.1% make it less profitable than the average company (5.4%)
-31.1% - Target Servicing Limited
5.4% - Industry AVG
Employees
with 762 employees, this is above the industry average (36)
762 - Target Servicing Limited
36 - Industry AVG
Pay Structure
on an average salary of £29.1k, the company has a lower pay structure (£67.5k)
£29.1k - Target Servicing Limited
£67.5k - Industry AVG
Efficiency
resulting in sales per employee of £50.4k, this is less efficient (£154.1k)
£50.4k - Target Servicing Limited
£154.1k - Industry AVG
Debtor Days
it gets paid by customers after 102 days, this is later than average (56 days)
102 days - Target Servicing Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (39 days)
5 days - Target Servicing Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Target Servicing Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Target Servicing Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.6%, this is a higher level of debt than the average (56.7%)
113.6% - Target Servicing Limited
56.7% - Industry AVG
TARGET SERVICING LIMITED financials
Target Servicing Limited's latest turnover from March 2023 is £38.4 million and the company has net assets of -£2.8 million. According to their latest financial statements, Target Servicing Limited has 762 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 38,409,000 | 48,404,000 | 46,258,000 | 47,913,000 | 51,324,000 | 61,777,000 | 42,194,000 | 30,060,000 | 29,737,000 | 20,620,000 | 19,415,000 | 14,648,384 | 13,228,936 | 9,359,153 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 36,019,000 | 36,983,000 | 32,001,000 | 35,828,000 | 31,689,000 | 43,862,000 | 28,531,000 | 23,177,000 | 21,117,000 | 16,642,000 | 20,006,000 | 10,417,384 | 10,270,938 | 5,931,791 |
| Gross Profit | 2,390,000 | 11,421,000 | 14,257,000 | 12,085,000 | 19,635,000 | 17,915,000 | 13,663,000 | 6,883,000 | 8,620,000 | 3,978,000 | -591,000 | 4,231,000 | 2,957,998 | 3,427,362 |
| Admin Expenses | 14,339,000 | 14,707,000 | 17,810,000 | 19,487,000 | 16,527,000 | 13,654,000 | 9,969,000 | 4,627,000 | 2,890,000 | 3,194,000 | 5,903,000 | 3,858,366 | 3,889,136 | 3,437,191 |
| Operating Profit | -11,949,000 | -3,286,000 | -3,553,000 | -7,402,000 | 3,108,000 | 4,261,000 | 3,694,000 | 2,256,000 | 5,730,000 | 784,000 | -6,494,000 | 372,634 | -931,138 | -9,829 |
| Interest Payable | 13,000 | 7,000 | 0 | 0 | 0 | 0 | 2,000 | 1,000 | 3,000 | 8,000 | 14,000 | 1,373 | 2,792 | 16,757 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -11,962,000 | -3,293,000 | -3,553,000 | -7,402,000 | 3,108,000 | 4,261,000 | 3,692,000 | 2,255,000 | 5,727,000 | 776,000 | -6,508,000 | 371,261 | -933,930 | -26,586 |
| Tax | 1,256,000 | 777,000 | 537,000 | 1,202,000 | -204,000 | -215,000 | -294,000 | 0 | -1,048,000 | 981,000 | 0 | -109,316 | 261,532 | 7,084 |
| Profit After Tax | -10,706,000 | -2,516,000 | -3,016,000 | -6,200,000 | 2,904,000 | 4,046,000 | 3,398,000 | 2,255,000 | 4,679,000 | 1,757,000 | -6,508,000 | 261,945 | -672,398 | -19,502 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -10,706,000 | -2,516,000 | -3,016,000 | -6,200,000 | 2,904,000 | 4,046,000 | 3,398,000 | 2,255,000 | 4,679,000 | 1,757,000 | -6,508,000 | 261,945 | -672,398 | -19,502 |
| Employee Costs | 22,159,000 | 23,122,000 | 21,806,000 | 17,971,000 | 15,995,000 | 19,612,000 | 13,063,000 | 8,501,000 | 7,034,000 | 8,764,000 | 7,910,000 | 7,719,237 | 6,093,639 | 3,428,991 |
| Number Of Employees | 762 | 817 | 916 | 766 | 643 | 560 | 445 | 272 | 238 | 296 | 237 | 225 | 169 | 115 |
| EBITDA* | -11,529,000 | -2,953,000 | -2,657,000 | -6,553,000 | 3,982,000 | 5,402,000 | 4,390,000 | 2,960,000 | 6,549,000 | 1,656,000 | -5,771,000 | 859,771 | -572,128 | 243,961 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 736,000 | 728,000 | 769,000 | 845,000 | 1,172,000 | 1,343,000 | 1,963,000 | 1,442,000 | 1,195,000 | 1,435,000 | 2,193,000 | 1,988,140 | 1,199,978 | 975,985 |
| Intangible Assets | 0 | 0 | 20,000 | 361,000 | 548,000 | 775,000 | 1,030,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,558,000 | 2,936,000 | 361,000 | 0 | 127,000 | 221,000 | 481,000 | 201,000 | 502,000 | 2,506,000 | 2,106,000 | 2,260,749 | 0 | 0 |
| Total Fixed Assets | 3,294,000 | 3,664,000 | 1,150,000 | 1,206,000 | 1,847,000 | 2,339,000 | 3,474,000 | 1,643,000 | 1,697,000 | 3,941,000 | 4,299,000 | 4,248,889 | 1,199,978 | 975,985 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,778,000 | 12,826,000 | 12,296,000 | 19,579,000 | 8,784,000 | 8,010,000 | 4,539,000 | 1,103,000 | 720,000 | 496,000 | 419,000 | 2,837,064 | 2,112,804 | 1,036,419 |
| Group Debtors | 4,522,000 | 5,316,000 | 7,816,000 | 7,438,000 | 17,113,000 | 11,794,000 | 11,863,000 | 6,744,000 | 5,178,000 | 1,222,000 | 0 | 0 | 278,453 | 70,309 |
| Misc Debtors | 2,250,000 | 1,822,000 | 2,696,000 | 2,190,000 | 5,551,000 | 7,385,000 | 5,540,000 | 2,803,000 | 2,498,000 | 1,193,000 | 1,829,000 | 478,937 | 320,513 | 233,432 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 4,000 | 0 | 0 | 0 | 0 | 200 | 200 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,550,000 | 19,964,000 | 22,808,000 | 29,207,000 | 31,448,000 | 27,189,000 | 21,943,000 | 10,654,000 | 8,396,000 | 2,911,000 | 2,248,000 | 3,316,001 | 2,711,970 | 1,340,360 |
| total assets | 20,844,000 | 23,628,000 | 23,958,000 | 30,413,000 | 33,295,000 | 29,528,000 | 25,417,000 | 12,297,000 | 10,093,000 | 6,852,000 | 6,547,000 | 7,564,890 | 3,911,948 | 2,316,345 |
| Bank overdraft | 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 |
| Trade Creditors | 508,000 | 1,715,000 | 978,000 | 1,336,000 | 570,000 | 1,494,000 | 314,000 | 343,000 | 317,000 | 873,000 | 109,000 | 781,367 | 179,233 | 203,050 |
| Group/Directors Accounts | 14,920,000 | 7,115,000 | 5,281,000 | 4,624,000 | 3,468,000 | 2,432,000 | 1,329,000 | 82,000 | 81,000 | 139,000 | 978,000 | 2,991,417 | 0 | 136,156 |
| other short term finances | 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 | 11,000 | 42,000 | 49,000 | 13,520 | 15,221 | 72,108 |
| other current liabilities | 6,152,000 | 4,682,000 | 3,434,000 | 4,122,000 | 6,657,000 | 5,722,000 | 6,788,000 | 2,159,000 | 2,340,000 | 3,073,000 | 4,770,000 | 1,691,446 | 1,821,779 | 568,697 |
| total current liabilities | 21,580,000 | 13,512,000 | 9,693,000 | 10,082,000 | 10,695,000 | 9,648,000 | 8,431,000 | 2,584,000 | 2,749,000 | 4,127,000 | 5,906,000 | 5,477,750 | 2,016,233 | 980,011 |
| loans | 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 | 20,000 | 61,000 | 0 | 13,520 | 28,741 |
| Accruals and Deferred Income | 1,063,000 | 1,795,000 | 2,078,000 | 2,078,000 | 2,992,000 | 3,176,000 | 4,328,000 | 453,000 | 339,000 | 369,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 |
| provisions | 1,031,000 | 445,000 | 1,795,000 | 4,845,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,000 | 10,000 |
| total long term liabilities | 2,094,000 | 2,240,000 | 3,873,000 | 6,923,000 | 2,992,000 | 3,176,000 | 4,328,000 | 453,000 | 339,000 | 389,000 | 62,000 | 0 | 70,520 | 38,741 |
| total liabilities | 23,674,000 | 15,752,000 | 13,566,000 | 17,005,000 | 13,687,000 | 12,824,000 | 12,759,000 | 3,037,000 | 3,088,000 | 4,516,000 | 5,968,000 | 5,477,750 | 2,086,753 | 1,018,752 |
| net assets | -2,830,000 | 7,876,000 | 10,392,000 | 13,408,000 | 19,608,000 | 16,704,000 | 12,658,000 | 9,260,000 | 7,005,000 | 2,336,000 | 579,000 | 2,087,140 | 1,825,195 | 1,297,593 |
| total shareholders funds | -2,830,000 | 7,876,000 | 10,392,000 | 13,408,000 | 19,608,000 | 16,704,000 | 12,658,000 | 9,260,000 | 7,005,000 | 2,336,000 | 579,000 | 2,087,140 | 1,825,195 | 1,297,593 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -11,949,000 | -3,286,000 | -3,553,000 | -7,402,000 | 3,108,000 | 4,261,000 | 3,694,000 | 2,256,000 | 5,730,000 | 784,000 | -6,494,000 | 372,634 | -931,138 | -9,829 |
| Depreciation | 420,000 | 313,000 | 555,000 | 622,000 | 647,000 | 856,000 | 622,000 | 704,000 | 819,000 | 872,000 | 723,000 | 487,137 | 359,010 | 253,790 |
| Amortisation | 0 | 20,000 | 341,000 | 227,000 | 227,000 | 285,000 | 74,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,256,000 | 777,000 | 537,000 | 1,202,000 | -204,000 | -215,000 | -294,000 | 0 | -1,048,000 | 981,000 | 0 | -109,316 | 261,532 | 7,084 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,792,000 | -269,000 | -6,038,000 | -2,368,000 | 4,165,000 | 27,410,000 | 11,572,000 | 1,953,000 | 3,481,000 | 1,063,000 | -1,222,750 | 2,864,980 | 1,371,610 | 1,340,160 |
| Creditors | -1,207,000 | 737,000 | -358,000 | 766,000 | -924,000 | 1,494,000 | -29,000 | 26,000 | -556,000 | 764,000 | -672,367 | 602,134 | -23,817 | 203,050 |
| Accruals and Deferred Income | 738,000 | 965,000 | -688,000 | -3,449,000 | 751,000 | 8,898,000 | 8,504,000 | -67,000 | -763,000 | -1,328,000 | 3,078,554 | -130,333 | 1,253,082 | 568,697 |
| Deferred Taxes & Provisions | 586,000 | -1,350,000 | -3,050,000 | 4,845,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -57,000 | 47,000 | 10,000 |
| Cash flow from operations | -7,364,000 | -1,555,000 | -178,000 | -821,000 | -560,000 | -11,831,000 | 999,000 | 966,000 | 701,000 | 1,010,000 | -2,142,063 | -1,699,724 | -405,941 | -307,368 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,805,000 | 1,834,000 | 657,000 | 1,156,000 | 1,036,000 | 2,432,000 | 1,247,000 | 1,000 | -58,000 | -839,000 | -2,013,417 | 2,991,417 | -136,156 | 136,156 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,000 | -51,000 | -48,000 | 96,480 | -15,221 | -72,108 | 100,849 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -13,000 | -7,000 | 0 | 0 | 0 | 0 | -2,000 | -1,000 | -3,000 | -8,000 | -14,000 | -1,373 | -2,792 | -16,757 |
| cash flow from financing | 7,792,000 | 1,827,000 | 657,000 | 1,156,000 | 1,036,000 | 15,090,000 | 1,245,000 | -11,000 | -122,000 | -896,000 | 3,069,923 | 2,974,823 | 988,944 | 1,537,343 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -3,000 | 4,000 | 0 | 0 | 0 | -200 | 0 | 200 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -3,000 | 4,000 | 0 | 0 | 0 | -200 | 0 | 200 |
target servicing limited Credit Report and Business Information
Target Servicing Limited Competitor Analysis
Perform a competitor analysis for target servicing limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
target servicing limited Ownership
TARGET SERVICING LIMITED group structure
Target Servicing Limited has no subsidiary companies.
Ultimate parent company
TECH MAHINDRA LTD
#0081930
2 parents
TARGET SERVICING LIMITED
05618062
target servicing limited directors
Target Servicing Limited currently has 4 directors. The longest serving directors include Mrs Aileen Wallace (Oct 2019) and Mr Andrew McIntyre (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Aileen Wallace | 53 years | Oct 2019 | - | Director | |
| Mr Andrew McIntyre | United Kingdom | 67 years | Aug 2021 | - | Director |
| Mr Peter O'Connor | Wales | 41 years | Jun 2023 | - | Director |
| Mr Pankaj Kulkarni | United Kingdom | 50 years | Apr 2024 | - | Director |
P&L
March 2023turnover
38.4m
-21%
operating profit
-11.9m
+264%
gross margin
6.3%
-73.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-2.8m
-1.36%
total assets
20.8m
-0.12%
cash
0
0%
net assets
Total assets minus all liabilities
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target servicing limited company details
company number
05618062
Type
Private limited with Share Capital
industry
63110 - Data processing, hosting and related activities
incorporation date
November 2005
age
19
accounts
Full Accounts
ultimate parent company
previous names
target loan servicing limited (October 2010)
incorporated
UK
address
imperial way coedkernew, newport, NP10 8UH
last accounts submitted
March 2023
target servicing 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 3 charges/mortgages relating to target servicing limited. Currently there are 1 open charges and 2 have been satisfied in the past.
target servicing limited Companies House Filings - See Documents
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