techlec limited
techlec limited Company Information
Group Structure
View All
Industry
Construction of domestic buildings
+1Registered Address
unit 1, atlantis court, ryde business park, ryde, isle of wight, PO33 1FB
Website
www.techlec.comtechlec limited Estimated Valuation
Pomanda estimates the enterprise value of TECHLEC LIMITED at £322.3k based on a Turnover of £1.1m and 0.3x industry multiple (adjusted for size and gross margin).
techlec limited Estimated Valuation
Pomanda estimates the enterprise value of TECHLEC LIMITED at £4.6k based on an EBITDA of £1.6k and a 2.99x industry multiple (adjusted for size and gross margin).
techlec limited Estimated Valuation
Pomanda estimates the enterprise value of TECHLEC LIMITED at £2.8k based on Net Assets of £1.5k and 1.89x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Techlec Limited Overview
Techlec Limited is a live company located in ryde, PO33 1FB with a Companies House number of 06605827. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 2008, it's largest shareholder is ryan carey with a 100% stake. Techlec Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Techlec Limited Health Check
Pomanda's financial health check has awarded Techlec Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £1.1m, make it in line with the average company (£937.7k)
- Techlec Limited
£937.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.1%)
- Techlec Limited
7.1% - Industry AVG
Production
with a gross margin of 13.8%, this company has a higher cost of product (23.4%)
- Techlec Limited
23.4% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (6.3%)
- Techlec Limited
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - Techlec Limited
9 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- Techlec Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £530.8k, this is more efficient (£171.4k)
- Techlec Limited
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 108 days, this is later than average (42 days)
- Techlec Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 116 days, this is slower than average (36 days)
- Techlec Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Techlec Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Techlec Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.5%, this is a higher level of debt than the average (65.9%)
99.5% - Techlec Limited
65.9% - Industry AVG
TECHLEC LIMITED financials
Techlec Limited's latest turnover from May 2023 is estimated at £1.1 million and the company has net assets of £1.5 thousand. According to their latest financial statements, Techlec Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 1 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,803 | 3,278 | 4,511 | 7,532 | 9,660 | 3,129 | 4,306 | 4,767 | ||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,803 | 3,278 | 4,511 | 7,532 | 9,660 | 3,129 | 4,306 | 4,767 | ||||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 314,945 | 223,516 | 323,562 | 184,425 | 113,028 | 100,827 | 40,196 | 57,442 | 85,993 | 26,291 | 26,774 | 43,387 | 34,042 | 26,025 |
| Group Debtors | ||||||||||||||
| Misc Debtors | ||||||||||||||
| Cash | 17,208 | 4,793 | 5,944 | 100 | 100 | 9,527 | ||||||||
| misc current assets | ||||||||||||||
| total current assets | 314,945 | 223,516 | 323,562 | 184,425 | 113,028 | 100,827 | 40,196 | 57,442 | 103,201 | 31,084 | 32,718 | 43,487 | 34,142 | 35,552 |
| total assets | 317,748 | 226,794 | 328,073 | 191,957 | 122,688 | 103,956 | 44,502 | 62,209 | 103,201 | 31,084 | 32,718 | 43,487 | 34,142 | 35,552 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 291,680 | 194,096 | 283,519 | 151,566 | 119,665 | 103,239 | 77,644 | 61,455 | 96,605 | 60,507 | 51,111 | 50,879 | 38,397 | 32,031 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | ||||||||||||||
| total current liabilities | 291,680 | 194,096 | 283,519 | 151,566 | 119,665 | 103,239 | 77,644 | 61,455 | 96,605 | 60,507 | 51,111 | 50,879 | 38,397 | 32,031 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 24,598 | 32,395 | 40,000 | 40,000 | ||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 24,598 | 32,395 | 40,000 | 40,000 | ||||||||||
| total liabilities | 316,278 | 226,491 | 323,519 | 191,566 | 119,665 | 103,239 | 77,644 | 61,455 | 96,605 | 60,507 | 51,111 | 50,879 | 38,397 | 32,031 |
| net assets | 1,470 | 303 | 4,554 | 391 | 3,023 | 717 | -33,142 | 754 | 6,596 | -29,423 | -18,393 | -7,392 | -4,255 | 3,521 |
| total shareholders funds | 1,470 | 303 | 4,554 | 391 | 3,023 | 717 | -33,142 | 754 | 6,596 | -29,423 | -18,393 | -7,392 | -4,255 | 3,521 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | 91,429 | -100,046 | 139,137 | 71,397 | 12,201 | 60,631 | -17,246 | -28,551 | 59,702 | -483 | -16,613 | 9,345 | 8,017 | 26,025 |
| Creditors | 97,584 | -89,423 | 131,953 | 31,901 | 16,426 | 25,595 | 16,189 | -35,150 | 36,098 | 9,396 | 232 | 12,482 | 6,366 | 32,031 |
| Accruals and Deferred Income | ||||||||||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -7,797 | -7,605 | 40,000 | |||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -17,208 | 12,415 | -1,151 | 5,844 | -9,427 | 9,527 | ||||||||
| overdraft | ||||||||||||||
| change in cash | -17,208 | 12,415 | -1,151 | 5,844 | -9,427 | 9,527 |
techlec limited Credit Report and Business Information
Techlec Limited Competitor Analysis
Perform a competitor analysis for techlec limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PO33 area or any other competitors across 12 key performance metrics.
techlec limited Ownership
TECHLEC LIMITED group structure
Techlec Limited has no subsidiary companies.
Ultimate parent company
TECHLEC LIMITED
06605827
techlec limited directors
Techlec Limited currently has 1 director, Mr Ryan Carey serving since May 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ryan Carey | England | 37 years | May 2008 | - | Director |
P&L
May 2023turnover
1.1m
+45%
operating profit
1.6k
0%
gross margin
13.9%
-2.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.5k
+3.85%
total assets
317.7k
+0.4%
cash
0
0%
net assets
Total assets minus all liabilities
techlec limited company details
company number
06605827
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
43210 - Electrical installation
incorporation date
May 2008
age
17
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
unit 1, atlantis court, ryde business park, ryde, isle of wight, PO33 1FB
Bank
-
Legal Advisor
-
techlec 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 techlec limited.
techlec 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.
Click to start generating capital raising & share issue transactions for TECHLEC LIMITED. This can take several minutes, an email will notify you when this has completed.
techlec limited Companies House Filings - See Documents
| date | description | view/download |
|---|
