Tecmark Limited

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tecmark limited Company Information

Company Number

06473180

Next Accounts

423 days late

Directors

Richard Heyes

Shareholders

richard heyes

tmigroup limited

Group Structure

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Industry

Business and domestic software development

Registered Address

1st floor, 21 station road, watford, herts, WD17 1AP

Website

www.tecmark.co.uk

tecmark limited Estimated Valuation

£912k

Pomanda estimates the enterprise value of TECMARK LIMITED at £912k based on an EBITDA of £212k and a 4.3x industry multiple (adjusted for size and gross margin).

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Tecmark Limited is a live company located in herts, WD17 1AP with a Companies House number of 06473180. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2008, it's largest shareholder is richard heyes with a 80.8% stake. Tecmark Limited is a established, small sized company, Pomanda has estimated its turnover at £582.7k with healthy growth in recent years.

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Pomanda's financial health check has awarded Tecmark Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £582.7k, make it smaller than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.9%)

EXPORT

Tecmark Limited's latest turnover from March 2022 is estimated at £582.7 thousand and the company has net assets of £62.3 thousand. According to their latest financial statements, Tecmark Limited has 7 employees and maintains cash reserves of £43.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	582,710	535,712	515,148	428,012	701,196	745,413	1,107,383	917,599	1,696,596	792,750	430,945	195,598	139,363
Other Income Or Grants
Cost Of Sales	327,670	309,267	294,370	250,813	414,843	433,339	637,332	503,574	981,700	431,817	223,493	98,090	75,983
Gross Profit	255,040	226,445	220,778	177,199	286,352	312,073	470,051	414,025	714,896	360,933	207,452	97,509	63,380
Admin Expenses	48,741	216,200	106,322	131,687	436,385	291,461	698,242	401,209	675,144	388,588	211,475	100,728	-26,332
Operating Profit	206,299	10,245	114,456	45,512	-150,033	20,612	-228,191	12,816	39,752	-27,655	-4,023	-3,219	89,712
Interest Payable	1,688	3,250	1,725
Interest Receivable	888	118	61	298		121	1,213	971		38	217	299	120
Pre-Tax Profit	205,500	7,112	112,791	45,810	-150,033	20,733	-226,978	13,787	39,752	-27,617	-3,806	-2,920	89,832
Tax	-39,045	-1,351	-21,430	-8,704		-4,146		-2,895	-9,143				-25,153
Profit After Tax	166,455	5,761	91,361	37,106	-150,033	16,586	-226,978	10,892	30,609	-27,617	-3,806	-2,920	64,679
Dividends Paid
Retained Profit	166,455	5,761	91,361	37,106	-150,033	16,586	-226,978	10,892	30,609	-27,617	-3,806	-2,920	64,679
Employee Costs	427,082	395,890	515,226	543,184	707,864	740,514	377,529	321,353	593,387	313,316	156,151	100,352	48,979
Number Of Employees	7	7	9	9	12	13	7	6	11	6	3	2	1
EBITDA*	212,013	16,067	120,293	49,459	-142,587	29,076	-214,929	21,966	55,131	-10,712	13,746	2,977	92,360

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2022	Mar 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	16,354	7,996	9,451	11,297	7,116	10,714	19,540	26,688	18,201	28,634	35,289	35,401	11,572
Intangible Assets
Investments & Other						98,039	98,039
Debtors (Due After 1 year)	6,945	39,819	74,828	30,754	20,813	20,813	16,409
Total Fixed Assets	23,299	47,815	84,279	42,051	27,929	129,566	133,988	26,688	18,201	28,634	35,289	35,401	11,572
Stock & work in progress
Trade Debtors	241,377	218,313	176,182	104,991			316,421	264,555	457,957	213,067	116,403	52,463	37,727
Group Debtors
Misc Debtors			42,015		153,135	200,856
Cash	43,284	193,625	41,893	79,503	1	1	96,416	388,596			15,082	71,706	48,044
misc current assets
total current assets	284,661	411,938	260,090	184,494	153,136	200,857	412,837	653,151	457,957	213,067	131,485	124,169	85,771
total assets	307,960	459,753	344,369	226,545	181,065	330,423	546,825	679,839	476,158	241,701	166,774	159,570	97,343
Bank overdraft			14,676
Bank loan
Trade Creditors	105,839	70,437	29,018	128,101	175,977	175,302	408,290	308,988	411,095	205,290	101,563	90,177	30,034
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities			125,223
total current liabilities	105,839	70,437	168,917	128,101	175,977	175,302	408,290	308,988	411,095	205,290	101,563	90,177	30,034
loans		50,000	41,897
hp & lease commitments
Accruals and Deferred Income
other liabilities	139,776	200,000		56,250	50,000	50,000	50,000	50,000
provisions								5,338	3,918	5,875	7,058	7,434	2,430
total long term liabilities	139,776	250,000	41,897	56,250	50,000	50,000	50,000	55,338	3,918	5,875	7,058	7,434	2,430
total liabilities	245,615	320,437	210,814	184,351	225,977	225,302	458,290	364,326	415,013	211,165	108,621	97,611	32,464
net assets	62,345	139,316	133,555	42,194	-44,912	105,121	88,535	315,513	61,145	30,536	58,153	61,959	64,879
total shareholders funds	62,345	139,316	133,555	42,194	-44,912	105,121	88,535	315,513	61,145	30,536	58,153	61,959	64,879

	Mar 2022	Mar 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	206,299	10,245	114,456	45,512	-150,033	20,612	-228,191	12,816	39,752	-27,655	-4,023	-3,219	89,712
Depreciation	5,714	5,822	5,837	3,947	7,446	8,464	13,262	9,150	15,379	16,943	17,769	6,196	2,648
Amortisation
Tax	-39,045	-1,351	-21,430	-8,704		-4,146		-2,895	-9,143				-25,153
Stock
Debtors	-9,810	-34,893	157,280	-38,203	-47,721	-111,161	68,275	-193,402	244,890	96,664	63,940	14,736	37,727
Creditors	35,402	41,419	-99,083	-47,876	675	-232,988	99,302	-102,107	205,805	103,727	11,386	60,143	30,034
Accruals and Deferred Income		-125,223	125,223
Deferred Taxes & Provisions							-5,338	1,420	-1,957	-1,183	-376	5,004	2,430
Cash flow from operations	218,180	-34,195	-32,277	31,082	-94,191	-96,897	-189,240	111,786	4,946	-4,832	-39,184	53,388	61,944
Investing Activities
capital expenditure	-14,072	-4,367	-3,991	-8,128	-3,848	362	-6,114	-17,637	-4,946	-10,288	-17,657	-30,025	-14,220
Change in Investments					-98,039		98,039
cash flow from investments	-14,072	-4,367	-3,991	-8,128	94,191	362	-104,153	-17,637	-4,946	-10,288	-17,657	-30,025	-14,220
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-50,000	8,103	41,897
Hire Purchase and Lease Commitments
other long term liabilities	-60,224	200,000	-56,250	6,250				50,000
share issue	-243,426			50,000				243,476					200
interest	-800	-3,132	-1,664	298		121	1,213	971		38	217	299	120
cash flow from financing	-354,450	204,971	-16,017	56,548		121	1,213	294,447		38	217	299	320
cash and cash equivalents
cash	-150,341	151,732	-37,610	79,502		-96,415	-292,180	388,596		-15,082	-56,624	23,662	48,044
overdraft		-14,676	14,676
change in cash	-150,341	166,408	-52,286	79,502		-96,415	-292,180	388,596		-15,082	-56,624	23,662	48,044

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TECMARK LIMITED group structure

Tecmark Limited has no subsidiary companies.

Ultimate parent company

TECMARK LIMITED

06473180

TECMARK LIMITED Shareholders

richard heyes	80.8%
tmigroup limited	19.2%

Tecmark Limited currently has 1 director, Mr Richard Heyes serving since Sep 2008.

officer	country	age	start	end	role
Mr Richard Heyes	England	52 years	Sep 2008	-	Director

P&L

March 2022

turnover

582.7k

+9%

operating profit

206.3k

gross margin

43.8%

+3.54%

turnover

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

Balance Sheet

March 2022

net assets

62.3k

-0.55%

total assets

308k

-0.33%

cash

43.3k

-0.78%

net assets

Total assets minus all liabilities

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company number

06473180

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

January 2008

ultimate parent company

None

previous names

tecmark systems limited (April 2011)

address

1st floor, 21 station road, watford, herts, WD17 1AP

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tecmark limited Company Information

tecmark limited Estimated Valuation

tecmark limited Estimated Valuation

tecmark limited Estimated Valuation

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