Tessolve Semiconductor Limited

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tessolve semiconductor limited Company Information

Company Number

06512992

Next Accounts

50 days late

Directors

Michael Bartley

John Moynagh

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Shareholders

tessolve engineering services pte ltd

Group Structure

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Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Registered Address

suite 9, westbury court, church road, bristol, BS9 3EF

Website

www.testandverification.com

tessolve semiconductor limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of TESSOLVE SEMICONDUCTOR LIMITED at £1.2m based on Net Assets of £531.5k and 2.35x industry multiple (adjusted for liquidity).

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Tessolve Semiconductor Limited is a live company located in bristol, BS9 3EF with a Companies House number of 06512992. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in February 2008, it's largest shareholder is tessolve engineering services pte ltd with a 100% stake. Tessolve Semiconductor Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Tessolve Semiconductor Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£1.7m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.2%)

EXPORT

Tessolve Semiconductor Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £531.5 thousand. According to their latest financial statements, Tessolve Semiconductor Limited has 10 employees and maintains cash reserves of £455.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	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	1,267,527	1,477,261	2,050,829	2,637,036	5,767,971	3,235,535	2,562,071	2,313,289	3,480,044	4,677,338	2,655,310	1,526,906	998,376	505,669
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	707,264	835,594	1,137,396	1,428,703	2,994,558	1,658,112	1,214,887	1,102,871	1,685,243	2,287,105	1,258,425	737,022	475,150	243,245
Gross Profit	560,263	641,666	913,433	1,208,333	2,773,413	1,577,422	1,347,184	1,210,418	1,794,801	2,390,233	1,396,884	789,884	523,226	262,425
Admin Expenses	333,528	949,836	1,288,313	2,811,587	2,222,962	893,698	851,141	1,024,089	1,410,607	1,953,195	1,178,282	626,155	375,189	218,197
Operating Profit	226,735	-308,170	-374,880	-1,603,254	550,451	683,724	496,043	186,329	384,194	437,038	218,602	163,729	148,037	44,228
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,740	324	177	414	4,184	3,837	1,817	2,559	1,613	617	532	695	591	170
Pre-Tax Profit	237,475	-307,846	-374,703	-1,602,840	554,635	687,560	497,860	188,889	385,806	437,655	219,134	164,424	148,628	44,397
Tax	-45,120	0	0	0	-105,381	-130,636	-99,572	-37,778	-81,019	-100,661	-52,592	-42,750	-41,616	-12,431
Profit After Tax	192,355	-307,846	-374,703	-1,602,840	449,254	556,924	398,288	151,111	304,787	336,994	166,542	121,674	107,012	31,966
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	192,355	-307,846	-374,703	-1,602,840	449,254	556,924	398,288	151,111	304,787	336,994	166,542	121,674	107,012	31,966
Employee Costs	473,768	447,646	720,465	927,115	981,871	1,078,709	779,296	870,817	1,318,611	1,816,154	1,034,357	565,729	403,267	225,745
Number Of Employees	10	10	17	22	23	26	19	21	32	45	27	15	11	6
EBITDA*	228,967	-306,058	-373,059	-1,602,130	551,707	712,365	524,778	215,191	413,224	466,295	220,174	164,247	148,284	44,558

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	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	4,573	3,852	3,299	1,352	1,737	859	1,146	1,528	2,037	2,715	3,006	1,555	741	988
Intangible Assets	0	516	1,188	1,860	2,534	3,210	31,564	59,917	88,270	116,622	144,974	103,700	0	0
Investments & Other	49,188	55,605	76,702	76,702	88,814	82,397	82,397	78,415	83,763	88,994	41,325	23,101	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	53,761	59,973	81,189	79,914	93,085	86,466	115,107	139,860	174,070	208,331	189,305	128,356	741	988
Stock & work in progress	0	0	0	0	0	110,590	0	0	0	0	0	17,684	0	0
Trade Debtors	291,975	368,180	447,532	552,712	1,572,801	834,004	583,272	447,314	652,011	823,111	439,593	238,092	145,648	72,340
Group Debtors	244,576	89,600	47,118	150,766	664,577	757,751	315,437	244,678	0	0	0	0	0	0
Misc Debtors	95,513	112,641	286,044	171,401	0	17,911	0	0	0	0	0	0	0	0
Cash	455,436	49,969	36,349	316,723	511,993	603,642	931,109	522,168	501,569	143,539	103,163	109,683	168,503	67,865
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,087,500	620,390	817,043	1,191,602	2,749,371	2,323,898	1,829,818	1,214,160	1,153,580	966,650	542,756	365,459	314,151	140,205
total assets	1,141,261	680,363	898,232	1,271,516	2,842,456	2,410,364	1,944,925	1,354,020	1,327,650	1,174,981	732,061	493,815	314,892	141,193
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	22,164	14,695	34,591	57,348	4,180	3,952	38,667	13,780	145,543	303,415	204,868	232,851	175,758	109,019
Group/Directors Accounts	407,802	219,295	9,144	9,144	9,144	9,144	9,144	9,144	0	0	0	0	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	178,907	106,477	206,860	183,054	138,745	108,880	183,179	70,932	0	0	0	0	0	0
total current liabilities	608,873	340,467	250,595	249,546	152,069	121,976	230,990	93,856	145,543	303,415	204,868	232,851	175,758	109,019
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	65,504	112,916	89,795	28,700	95,266	81,000	64,800	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	869	732	627	257	330	173	5,765	11,377	17,865	26,377	35,198	311	155	207
total long term liabilities	869	732	627	257	65,834	113,089	95,560	40,077	113,131	107,377	99,998	311	155	207
total liabilities	609,742	341,199	251,222	249,803	217,903	235,065	326,550	133,933	258,674	410,792	304,866	233,162	175,913	109,226
net assets	531,519	339,164	647,010	1,021,713	2,624,553	2,175,299	1,618,375	1,220,087	1,068,976	764,189	427,195	260,653	138,979	31,967
total shareholders funds	531,519	339,164	647,010	1,021,713	2,624,553	2,175,299	1,618,375	1,220,087	1,068,976	764,189	427,195	260,653	138,979	31,967

	Mar 2023	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	226,735	-308,170	-374,880	-1,603,254	550,451	683,724	496,043	186,329	384,194	437,038	218,602	163,729	148,037	44,228
Depreciation	1,716	1,440	1,149	450	580	287	382	509	678	905	1,402	518	247	330
Amortisation	516	672	672	674	676	28,354	28,353	28,353	28,352	28,352	170	0	0	0
Tax	-45,120	0	0	0	-105,381	-130,636	-99,572	-37,778	-81,019	-100,661	-52,592	-42,750	-41,616	-12,431
Stock	0	0	0	0	-110,590	110,590	0	0	0	0	-17,684	17,684	0	0
Debtors	61,643	-210,273	-94,185	-1,362,499	627,712	710,957	206,717	39,981	-171,100	383,518	201,501	92,444	73,308	72,340
Creditors	7,469	-19,896	-22,757	53,168	228	-34,715	24,887	-131,763	-157,872	98,547	-27,983	57,093	66,739	109,019
Accruals and Deferred Income	72,430	-100,383	23,806	-21,195	-17,547	-51,178	173,342	4,366	14,266	16,200	64,800	0	0	0
Deferred Taxes & Provisions	137	105	370	-73	157	-5,592	-5,612	-6,488	-8,512	-8,821	34,887	156	-52	207
Cash flow from operations	202,240	-215,959	-277,455	-207,731	-87,958	-331,303	411,106	3,547	351,187	88,042	55,469	68,618	100,047	69,013
Investing Activities
capital expenditure	-2,437	-1,993	-3,096	-65	-1,458	0	0	0	0	-614	-44,297	-105,032	0	-1,318
Change in Investments	-6,417	-21,097	0	-12,112	6,417	0	3,982	-5,348	-5,231	47,669	18,224	23,101	0	0
cash flow from investments	3,980	19,104	-3,096	12,047	-7,875	0	-3,982	5,348	5,231	-48,283	-62,521	-128,133	0	-1,318
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	188,507	210,151	0	0	0	0	0	9,144	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	1
interest	10,740	324	177	414	4,184	3,837	1,817	2,559	1,613	617	532	695	591	170
cash flow from financing	199,247	210,475	177	414	4,184	3,837	1,817	11,703	1,613	617	532	695	591	171
cash and cash equivalents
cash	405,467	13,620	-280,374	-195,270	-91,649	-327,467	408,941	20,599	358,030	40,376	-6,520	-58,820	100,638	67,865
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	405,467	13,620	-280,374	-195,270	-91,649	-327,467	408,941	20,599	358,030	40,376	-6,520	-58,820	100,638	67,865

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TESSOLVE SEMICONDUCTOR LIMITED group structure

Tessolve Semiconductor Limited has no subsidiary companies.

Ultimate parent company

TESSOLVE SEMICONDUCTOR LIMITED

06512992

TESSOLVE SEMICONDUCTOR LIMITED Shareholders

tessolve engineering services pte ltd

100%

Tessolve Semiconductor Limited currently has 3 directors. The longest serving directors include Mr Michael Bartley (Feb 2008) and Mr John Moynagh (Feb 2020).

officer	country	age	start	end	role
Mr Michael Bartley	England	62 years	Feb 2008	-	Director
Mr John Moynagh	England	64 years	Feb 2020	-	Director
Srinivas Chinamilli	United States	57 years	Feb 2020	-	Director

P&L

March 2023

turnover

1.3m

-14%

operating profit

226.7k

gross margin

44.3%

+1.76%

turnover

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

Balance Sheet

March 2023

net assets

531.5k

+0.57%

total assets

1.1m

+0.68%

cash

455.4k

+8.11%

net assets

Total assets minus all liabilities

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company number

06512992

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

February 2008

ultimate parent company

None

previous names

test and verification solutions limited (February 2021)

independent test and verification solutions limited (March 2008)

address

suite 9, westbury court, church road, bristol, BS9 3EF

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tessolve semiconductor limited Company Information

tessolve semiconductor limited Estimated Valuation

tessolve semiconductor limited Estimated Valuation

tessolve semiconductor limited Estimated Valuation

Tessolve Semiconductor Limited Overview

Tessolve Semiconductor Limited Health Check

TESSOLVE SEMICONDUCTOR LIMITED financials

tessolve semiconductor limited Credit Report and Business Information

Tessolve Semiconductor Limited Competitor Analysis

tessolve semiconductor limited Ownership

tessolve semiconductor limited directors

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