Tew Plus Limited

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tew plus limited Company Information

Live

EstablishedMidDeclining

Company Number

05858025

Website

www.tewplus.com

Registered Address

5 osborne terrace, jesmond, newcastle upon tyne, NE2 1SQ

Industry

Wireless telecommunications activities

Other telecommunications activities

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Telephone

08453882387

Next Accounts Due

September 2024

Group Structure

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Directors

Neil Sheffield17 Years

Sean Reilly2 Years

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Shareholders

tew engineering ltd 100%

tew plus limited Estimated Valuation

£23.5m

Pomanda estimates the enterprise value of TEW PLUS LIMITED at £23.5m based on Net Assets of £9.1m and 2.57x industry multiple (adjusted for liquidity).

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Tew Plus Limited is a live company located in newcastle upon tyne, NE2 1SQ with a Companies House number of 05858025. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in June 2006, it's largest shareholder is tew engineering ltd with a 100% stake. Tew Plus Limited is a established, mid sized company, Pomanda has estimated its turnover at £16.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Tew Plus Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £16.6m, make it larger than the average company (£7.1m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (3.9%)

EXPORT

Tew Plus Limited's latest turnover from December 2022 is £16.6 million and the company has net assets of £9.1 million. According to their latest financial statements, Tew Plus Limited has 44 employees and maintains cash reserves of £38.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Nov 2015	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	16,626,364	22,670,313	21,568,842	30,700,709	35,814,755	15,129,887	11,651,887	3,975,475	5,932,524	6,881,238	4,884,479	4,059,174	1,883,489	1,779,227
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,754,147	19,680,530	17,632,942	25,364,864	28,950,747	12,056,417	9,117,969	3,143,884	4,366,511	5,417,367	3,517,126	2,981,911	1,240,605	1,094,350
Gross Profit	-127,783	2,989,783	3,935,900	5,335,845	6,864,008	3,073,470	2,533,918	831,591	1,566,013	1,463,871	1,367,353	1,077,263	642,884	684,877
Admin Expenses	2,137,416	2,740,631	2,505,392	2,329,209	1,525,404	1,373,441	1,464,014	823,173	1,406,725	1,363,425	1,146,319	730,558	633,410	684,994
Operating Profit	-2,265,199	249,152	1,430,508	3,006,636	5,338,604	1,700,029	1,069,904	8,418	159,288	100,446	221,034	346,705	9,474	-117
Interest Payable	0	784	1,776	2,648	0	109	0	9,229	0	1,879	0	6,940	6,428	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	479
Pre-Tax Profit	-2,265,199	248,368	1,428,732	3,003,988	5,338,604	1,699,920	1,069,904	8,418	159,288	51,351	158,218	339,765	3,046	0
Tax	47,573	-49,799	-280,665	-468,053	-738,270	-316,550	-177,747	10,571	483	27,275	13,394	-75,363	48	0
Profit After Tax	-2,217,626	198,569	1,148,067	2,535,935	4,600,334	1,383,370	892,157	18,989	159,771	78,626	171,612	264,402	3,094	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	50,000	0	0	0
Retained Profit	-2,217,626	198,569	1,148,067	2,535,935	4,600,334	1,383,370	892,157	18,989	159,771	78,626	121,612	264,402	3,094	0
Employee Costs	2,134,651	1,978,413	2,039,746	2,161,068	2,083,519	1,940,052	1,572,443	452,690	1,117,560	1,524,579	1,160,675	891,396	435,491	390,951
Number Of Employees	44	40	36	37	40	45	33	19	23	32	24	19	10	9
EBITDA*	-2,265,199	251,612	1,433,809	3,010,166	5,345,738	1,715,050	1,086,165	17,063	172,323	116,445	228,231	356,544	16,404	5,345

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Nov 2015	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	2,460	5,761	9,291	16,425	19,147	31,113	39,064	41,994	53,859	15,320	21,258	14,512
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	2,460	5,761	9,291	16,425	19,147	31,113	39,064	41,994	53,859	15,320	21,258	14,512
Stock & work in progress	260,979	63,290	54,326	54,326	106,358	121,290	87,245	84,346	121,751	116,185	448,312	79,174	26,460	55,737
Trade Debtors	17,400,510	19,704,898	1,531,522	20,419,855	1,263,935	1,308,765	725,616	2,662,168	1,531,967	1,562,403	1,463,508	863,804	516,957	250,340
Group Debtors	0	0	0	0	0	9,800,432	0	0	0	0	0	0	11,788	0
Misc Debtors	796,425	381,919	18,669,920	366,734	15,234,417	117,307	6,074,425	128,013	71,286	56,210	0	42,317	33,850	0
Cash	38,366	1,207,319	1,110,220	980,991	10,657	188,721	161,419	0	63,249	80	383,811	351,833	0	46,654
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	18,496,280	21,357,426	21,365,988	21,821,906	16,615,367	11,536,515	7,048,705	2,874,527	1,788,253	1,734,878	2,295,631	1,337,128	589,055	352,731
total assets	18,496,280	21,357,426	21,368,448	21,827,667	16,624,658	11,552,940	7,067,852	2,905,640	1,827,317	1,776,872	2,349,490	1,352,448	610,313	367,243
Bank overdraft	0	0	0	0	0	0	0	226,138	0	57,822	0	0	117,577	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,023,420	4,223,804	3,018,656	5,275,311	5,467,439	2,817,078	2,569,765	1,747,049	968,821	985,493	1,109,201	423,386	235,000	269,552
Group/Directors Accounts	4,565,520	4,711,883	5,251,309	4,758,399	2,109,652	5,233,240	2,670,305	0	0	0	0	147,293	0	0
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	0	0	0	0	0	0
other current liabilities	1,778,587	1,075,360	1,950,673	1,840,913	1,630,458	685,288	355,753	352,661	300,905	261,476	657,306	416,582	156,951	0
total current liabilities	9,367,527	10,011,047	10,220,638	11,874,623	9,207,549	8,735,606	5,595,823	2,325,848	1,269,726	1,304,791	1,766,507	987,261	509,528	269,552
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	0	0	0	0	0
Accruals and Deferred Income	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
provisions	0	0	0	0	0	559	38,624	38,544	35,332	109,593	96,184	0	0	0
total long term liabilities	0	0	0	0	0	559	38,624	38,544	35,332	109,593	96,184	0	0	0
total liabilities	9,367,527	10,011,047	10,220,638	11,874,623	9,207,549	8,736,165	5,634,447	2,364,392	1,305,058	1,414,384	1,862,691	987,261	509,528	269,552
net assets	9,128,753	11,346,379	11,147,810	9,953,044	7,417,109	2,816,775	1,433,405	541,248	522,259	362,488	486,799	365,187	100,785	97,691
total shareholders funds	9,128,753	11,346,379	11,147,810	9,953,044	7,417,109	2,816,775	1,433,405	541,248	522,259	362,488	486,799	365,187	100,785	97,691

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Nov 2015	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-2,265,199	249,152	1,430,508	3,006,636	5,338,604	1,700,029	1,069,904	8,418	159,288	100,446	221,034	346,705	9,474	-117
Depreciation	0	2,460	3,301	3,530	7,134	15,021	16,261	8,645	13,035	15,999	7,197	9,839	6,930	5,462
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	47,573	-49,799	-280,665	-468,053	-738,270	-316,550	-177,747	10,571	483	27,275	13,394	-75,363	48	0
Stock	197,689	8,964	0	-52,032	-14,932	34,045	2,899	-31,839	5,566	-332,127	369,138	52,714	-29,277	55,737
Debtors	-1,889,882	-114,625	-585,147	4,288,237	5,271,848	4,426,463	4,009,860	1,171,568	-15,360	155,105	557,387	343,526	312,255	250,340
Creditors	-1,200,384	1,205,148	-2,256,655	-192,128	2,650,361	247,313	822,716	761,556	-16,672	-123,708	685,815	188,386	-34,552	269,552
Accruals and Deferred Income	703,227	-875,313	109,760	210,455	945,170	329,535	3,092	91,185	39,429	-395,830	240,724	259,631	156,951	0
Deferred Taxes & Provisions	0	0	0	0	-559	-38,065	80	-71,049	-74,261	13,409	96,184	0	0	0
Cash flow from operations	-1,022,590	637,309	-408,604	-1,675,765	2,945,524	-2,523,225	-2,278,453	-330,403	131,096	-185,387	337,823	332,958	-144,127	-31,180
Investing Activities
capital expenditure	0	0	0	0	0	-12,299	-4,295	2,236	-10,105	-4,134	-45,736	-3,901	-13,676	-19,974
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-12,299	-4,295	2,236	-10,105	-4,134	-45,736	-3,901	-13,676	-19,974
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-146,363	-539,426	492,910	2,648,747	-3,123,588	2,562,935	2,670,305	0	0	0	-147,293	147,293	0	0
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	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
share issue	0	0	46,699	0	0	0	0	159,771	0	-202,937	0	0	0	97,691
interest	0	-784	-1,776	-2,648	0	-109	0	-9,229	0	-1,879	0	-6,940	-6,428	479
cash flow from financing	-146,363	-540,210	537,833	2,646,099	-3,123,588	2,562,826	2,670,305	150,542	0	-204,816	-147,293	140,353	-6,428	98,170
cash and cash equivalents
cash	-1,168,953	97,099	129,229	970,334	-178,064	27,302	161,419	-80	63,169	-383,731	31,978	351,833	-46,654	46,654
overdraft	0	0	0	0	0	0	-226,138	168,316	-57,822	57,822	0	-117,577	117,577	0
change in cash	-1,168,953	97,099	129,229	970,334	-178,064	27,302	387,557	-168,396	120,991	-441,553	31,978	469,410	-164,231	46,654

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TEW PLUS LIMITED group structure

Tew Plus Limited has no subsidiary companies.

Ultimate parent company

LB FOSTER CO

#0077707

TEW ENGINEERING LIMITED

01134730

2 parents

TEW PLUS LIMITED

05858025

TEW PLUS LIMITED Shareholders

tew engineering ltd

100%

Tew Plus Limited currently has 4 directors. The longest serving directors include Mr Neil Sheffield (Sep 2006) and Mr Sean Reilly (Jan 2022).

officer	country	age	start	end	role
Mr Neil Sheffield	England	51 years	Sep 2006	-	Director
Mr Sean Reilly		52 years	Jan 2022	-	Director
Ms Emma Boura	England	38 years	Jan 2024	-	Director
Mr Brian Kelly	England	65 years	Jan 2024	-	Director

P&L

December 2022

turnover

16.6m

-27%

operating profit

-2.3m

-1009%

gross margin

-0.7%

-105.83%

turnover

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

Balance Sheet

December 2022

net assets

9.1m

-0.2%

total assets

18.5m

-0.13%

cash

38.4k

-0.97%

net assets

Total assets minus all liabilities

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company number

05858025

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

61200 - Wireless telecommunications activities

61900 - Other telecommunications activities

incorporation date

June 2006

age

accounts

Full Accounts

ultimate parent company

LB FOSTER CO

previous names

N/A

incorporated

address

5 osborne terrace, jesmond, newcastle upon tyne, NE2 1SQ

last accounts submitted

December 2022

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 tew plus limited. Currently there are 2 open charges and 1 have been satisfied in the past.

tew plus limited Company Information

tew plus limited Estimated Valuation

tew plus limited Estimated Valuation

tew plus limited Estimated Valuation

Tew Plus Limited Overview

Tew Plus Limited Health Check

TEW PLUS LIMITED financials

tew plus limited Credit Report and Business Information

Tew Plus Limited Competitor Analysis

tew plus limited Ownership

tew plus limited directors

tew plus limited company details

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tew plus limited Companies House Filings - See Documents