tacit bio innovation limited

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tacit bio innovation limited Company Information

Share TACIT BIO INNOVATION LIMITED

Company Number

05700997

Shareholders

anthony john bartlett

sarah louise bartlett

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

bennett corner house, 33 coleshill street, sutton coldfield, west midlands, B72 1SD

tacit bio innovation limited Estimated Valuation

£95.2k

Pomanda estimates the enterprise value of TACIT BIO INNOVATION LIMITED at £95.2k based on a Turnover of £236.3k and 0.4x industry multiple (adjusted for size and gross margin).

tacit bio innovation limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TACIT BIO INNOVATION LIMITED at £0 based on an EBITDA of £-63.6k and a 2.9x industry multiple (adjusted for size and gross margin).

tacit bio innovation limited Estimated Valuation

£541

Pomanda estimates the enterprise value of TACIT BIO INNOVATION LIMITED at £541 based on Net Assets of £236 and 2.3x industry multiple (adjusted for liquidity).

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Tacit Bio Innovation Limited Overview

Tacit Bio Innovation Limited is a live company located in sutton coldfield, B72 1SD with a Companies House number of 05700997. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2006, it's largest shareholder is anthony john bartlett with a 60% stake. Tacit Bio Innovation Limited is a established, micro sized company, Pomanda has estimated its turnover at £236.3k with declining growth in recent years.

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Tacit Bio Innovation Limited Health Check

Pomanda's financial health check has awarded Tacit Bio Innovation Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £236.3k, make it smaller than the average company (£4m)

£236.3k - Tacit Bio Innovation Limited

£4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (8.1%)

-30% - Tacit Bio Innovation Limited

8.1% - Industry AVG

production

Production

with a gross margin of 17%, this company has a higher cost of product (38.2%)

17% - Tacit Bio Innovation Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of -26.9% make it less profitable than the average company (5.7%)

-26.9% - Tacit Bio Innovation Limited

5.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (24)

2 - Tacit Bio Innovation Limited

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.7k, the company has an equivalent pay structure (£49.7k)

£49.7k - Tacit Bio Innovation Limited

£49.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £118.1k, this is less efficient (£154.3k)

£118.1k - Tacit Bio Innovation Limited

£154.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 103 days, this is later than average (39 days)

103 days - Tacit Bio Innovation Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 131 days, this is slower than average (33 days)

131 days - Tacit Bio Innovation Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tacit Bio Innovation Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Tacit Bio Innovation Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (60.6%)

99.7% - Tacit Bio Innovation Limited

60.6% - Industry AVG

TACIT BIO INNOVATION LIMITED financials

EXPORTms excel logo

Tacit Bio Innovation Limited's latest turnover from February 2024 is estimated at £236.3 thousand and the company has net assets of £236. According to their latest financial statements, Tacit Bio Innovation Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover236,269359,838812,409692,709601,911624,656654,40359,46511,201223,091119,577173,598215,721190,163180,194
Other Income Or Grants
Cost Of Sales196,149296,700681,316583,742498,656521,236542,91248,6349,267186,25099,726143,324176,704155,121145,778
Gross Profit40,12163,138131,092108,967103,255103,420111,49010,8311,93436,84019,85130,27439,01735,04234,417
Admin Expenses103,75484,663168,618171,336175,320123,882128,720-56,400-44,299-43,33410,19131,05438,20420,821-126,806
Operating Profit-63,633-21,525-37,526-62,369-72,065-20,462-17,23067,23146,23380,1749,660-78081314,221161,223
Interest Payable
Interest Receivable9959031,4621,1538719261,1441,094506
Pre-Tax Profit-63,633-21,525-37,526-62,369-72,065-20,462-16,23568,13447,69581,32710,5311461,95715,315161,729
Tax-13,627-9,539-17,079-2,422-35-509-4,288-45,284
Profit After Tax-63,633-21,525-37,526-62,369-72,065-20,462-16,23554,50738,15664,2488,1091111,44811,027116,445
Dividends Paid
Retained Profit-63,633-21,525-37,526-62,369-72,065-20,462-16,23554,50738,15664,2488,1091111,44811,027116,445
Employee Costs99,39794,83590,396128,152126,347122,851116,15376,73038,16937,88337,94436,94137,04235,85139,478
Number Of Employees222333321111111
EBITDA*-63,633-21,525-37,526-62,369-72,065-20,462-17,23067,69146,96081,19010,9635203,59018,389168,887

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets3,9675412,2963,1855,0681,651732075891,4482,0391,5362,3763,90510,708
Intangible Assets
Investments & Other20,04320,04320,04320,04320,04320,043
Debtors (Due After 1 year)
Total Fixed Assets3,9675412,2963,1855,0681,6517320758921,49122,08221,57922,41923,94830,751
Stock & work in progress17,093
Trade Debtors66,965140,096325,878274,703260,097302,426326,47011,66329,8681,55830,33519,25513,31615,375
Group Debtors
Misc Debtors1,027906
Cash398,039324,189260,697200,533148,057222,233235,401202,326
misc current assets112
total current assets66,965140,096325,878274,703260,097302,426326,582410,729342,188290,565202,091178,392241,488248,717217,701
total assets70,932140,637328,174277,888265,165304,077326,655410,936342,777312,056224,173199,971263,907272,665248,452
Bank overdraft
Bank loan
Trade Creditors 70,69676,768242,780154,96879,87646,72348,839630368110,42986,72770,759134,660144,511130,808
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities116,244102,761
total current liabilities70,69676,768242,780154,96879,87646,72348,839116,874103,129110,42986,72770,759134,660144,511130,808
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions1942292961713176721,189
total long term liabilities1942292961713176721,189
total liabilities70,69676,768242,780154,96879,87646,72348,839116,875103,223110,65887,02370,930134,977145,183131,997
net assets23663,86985,394122,920185,289257,354277,816294,061239,554201,398137,150129,041128,930127,482116,455
total shareholders funds23663,86985,394122,920185,289257,354277,816294,061239,554201,398137,150129,041128,930127,482116,455
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit-63,633-21,525-37,526-62,369-72,065-20,462-17,23067,23146,23380,1749,660-78081314,221161,223
Depreciation4607271,0161,3031,3002,7774,1687,664
Amortisation
Tax-13,627-9,539-17,079-2,422-35-509-4,288-45,284
Stock-17,09317,093
Debtors-73,131-185,78251,17514,606-42,329-24,044313,78011,784-28,96228,310-28,77711,0805,939-2,05915,375
Creditors-6,072-166,01287,81275,09233,153-2,11648,209262-110,06123,70215,968-63,901-9,85113,703130,808
Accruals and Deferred Income-116,24413,483102,761
Deferred Taxes & Provisions-1-93-135-67125-146-355-5171,189
Cash flow from operations3,426-1,755-889-1,8833,4171,466-399,04673,02541,85559,43653,411-74,642-13,06429,346240,225
Investing Activities
capital expenditure-3,4261,7558891,883-3,417-1,578134-78132-425-1,806-460-1,2482,635-18,372
Change in Investments-20,04320,043
cash flow from investments-3,4261,7558891,883-3,417-1,578134-7820,175-425-1,806-460-1,2482,635-38,415
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1010
interest9959031,4621,1538719261,1441,094506
cash flow from financing9859031,4621,1538719261,1441,094516
cash and cash equivalents
cash-398,03973,85063,49260,16452,476-74,176-13,16833,075202,326
overdraft
change in cash-398,03973,85063,49260,16452,476-74,176-13,16833,075202,326

tacit bio innovation limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tacit Bio Innovation Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for tacit bio innovation limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in B72 area or any other competitors across 12 key performance metrics.

tacit bio innovation limited Ownership

TACIT BIO INNOVATION LIMITED group structure

Tacit Bio Innovation Limited has no subsidiary companies.

Ultimate parent company

TACIT BIO INNOVATION LIMITED

05700997

TACIT BIO INNOVATION LIMITED Shareholders

anthony john bartlett 60%
sarah louise bartlett 40%

tacit bio innovation limited directors

Tacit Bio Innovation Limited currently has 2 directors. The longest serving directors include Mrs Sarah Bartlett (Apr 2006) and Mr Anthony Bartlett (Apr 2006).

officercountryagestartendrole
Mrs Sarah Bartlett56 years Apr 2006- Director
Mr Anthony Bartlett63 years Apr 2006- Director

P&L

February 2024

turnover

236.3k

-34%

operating profit

-63.6k

0%

gross margin

17%

-3.22%

turnover

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

Balance Sheet

February 2024

net assets

236

-1%

total assets

70.9k

-0.5%

cash

0

0%

net assets

Total assets minus all liabilities

tacit bio innovation limited company details

company number

05700997

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

February 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

February 2024

previous names

touchdown biomarketing limited (December 2011)

sk 111 limited (April 2006)

accountant

-

auditor

-

address

bennett corner house, 33 coleshill street, sutton coldfield, west midlands, B72 1SD

Bank

-

Legal Advisor

-

tacit bio innovation 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 did not find charges/mortgages relating to tacit bio innovation limited.

tacit bio innovation 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.

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tacit bio innovation limited Companies House Filings - See Documents

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