ttss limited
ttss limited Company Information
Company Number
06695822
Website
http://tui.comRegistered Address
origin one 108 high street, crawley, west sussex, RH10 1BD
Industry
Travel agency activities
Telephone
02036177966
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
experiential student travel group limited 100%
ttss limited Estimated Valuation
Pomanda estimates the enterprise value of TTSS LIMITED at £8m based on a Turnover of £14.5m and 0.55x industry multiple (adjusted for size and gross margin).
ttss limited Estimated Valuation
Pomanda estimates the enterprise value of TTSS LIMITED at £3.4m based on an EBITDA of £1.1m and a 3.04x industry multiple (adjusted for size and gross margin).
ttss limited Estimated Valuation
Pomanda estimates the enterprise value of TTSS LIMITED at £548.6k based on Net Assets of £530k and 1.03x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ttss Limited Overview
Ttss Limited is a live company located in west sussex, RH10 1BD with a Companies House number of 06695822. It operates in the travel agency activities sector, SIC Code 79110. Founded in September 2008, it's largest shareholder is experiential student travel group limited with a 100% stake. Ttss Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.5m with rapid growth in recent years.
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Ttss Limited Health Check
Pomanda's financial health check has awarded Ttss Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £14.5m, make it in line with the average company (£12.7m)
£14.5m - Ttss Limited
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (1.2%)
37% - Ttss Limited
1.2% - Industry AVG
Production
with a gross margin of 23.2%, this company has a comparable cost of product (23.9%)
23.2% - Ttss Limited
23.9% - Industry AVG
Profitability
an operating margin of 7.7% make it more profitable than the average company (3.4%)
7.7% - Ttss Limited
3.4% - Industry AVG
Employees
with 22 employees, this is below the industry average (38)
22 - Ttss Limited
38 - Industry AVG
Pay Structure
on an average salary of £57.1k, the company has a higher pay structure (£41.9k)
£57.1k - Ttss Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £660.4k, this is more efficient (£254k)
£660.4k - Ttss Limited
£254k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (34 days)
0 days - Ttss Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (36 days)
0 days - Ttss Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ttss Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (24 weeks)
44 weeks - Ttss Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.8%, this is a similar level of debt than the average (83.8%)
90.8% - Ttss Limited
83.8% - Industry AVG
TTSS LIMITED financials
Ttss Limited's latest turnover from September 2023 is £14.5 million and the company has net assets of £530 thousand. According to their latest financial statements, Ttss Limited has 22 employees and maintains cash reserves of £4.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,528,296 | 4,270,065 | 919,770 | 5,613,023 | 19,645,931 | 17,225,628 | 18,494,297 | 18,666,066 | 14,940,108 | 14,243,660 | 16,103,199 | 16,983,088 | 15,950,366 | 8,793,760 | 10,161,703 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,158,772 | 3,096,632 | 45,602 | 4,329,568 | 15,511,798 | 14,077,520 | 14,841,411 | 14,414,882 | 11,659,829 | 11,265,169 | 12,828,698 | 14,915,092 | 14,529,866 | 7,589,227 | 8,996,009 |
| Gross Profit | 3,369,524 | 1,173,433 | 874,168 | 1,283,455 | 4,134,133 | 3,148,108 | 3,652,886 | 4,251,184 | 3,280,279 | 2,978,491 | 3,274,501 | 2,067,996 | 1,420,500 | 1,204,533 | 1,165,694 |
| Admin Expenses | 2,246,242 | 1,670,995 | 1,425,780 | 3,009,343 | 3,520,954 | 3,303,653 | 3,713,033 | 4,859,342 | 4,031,429 | 3,585,862 | 2,881,911 | 1,610,369 | 813,809 | 653,046 | 1,139,913 |
| Operating Profit | 1,123,282 | -497,562 | -551,612 | -1,725,888 | 613,179 | -155,545 | -60,147 | -608,158 | -751,150 | -607,371 | 392,590 | 457,627 | 606,691 | 551,487 | 25,781 |
| Interest Payable | 69,546 | 0 | 937 | 82,720 | 110,745 | 3,147 | 1,506 | 556 | 789 | 893 | 0 | 2 | 11,321 | 0 | 0 |
| Interest Receivable | 0 | 68,609 | 23,027 | 434 | 663 | 437 | 1,880 | 14,864 | 66,933 | 14,134 | 12,593 | 12,590 | 0 | 6,630 | 54,074 |
| Pre-Tax Profit | 1,053,736 | -428,953 | -529,522 | -1,808,174 | 503,097 | -15,324 | -626,957 | -13,564 | -685,006 | -594,130 | 398,448 | 940,215 | 595,370 | 558,117 | 79,855 |
| Tax | 0 | 0 | -124,646 | 351,824 | -99,947 | -4,772 | 103,334 | -102,354 | -118,191 | -59,145 | -153,686 | -161,728 | -259,051 | -157,400 | -119,810 |
| Profit After Tax | 1,053,736 | -428,953 | -654,168 | -1,456,350 | 403,150 | -20,096 | -523,623 | -115,918 | -803,197 | -653,275 | 244,762 | 778,487 | 336,319 | 400,717 | -39,955 |
| Dividends Paid | 0 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 | 200,000 | 500,000 | 500,000 | 0 | 0 | 0 |
| Retained Profit | 1,053,736 | -428,953 | -654,168 | -1,456,350 | -96,850 | -20,096 | -523,623 | -115,918 | -803,197 | -853,275 | -255,238 | 278,487 | 336,319 | 400,717 | -39,955 |
| Employee Costs | 1,256,034 | 1,173,718 | 1,084,926 | 2,161,867 | 2,422,493 | 2,256,480 | 2,323,674 | 2,241,777 | 1,793,744 | 1,615,894 | 1,767,549 | 1,783,302 | 1,566,165 | 658,713 | 851,766 |
| Number Of Employees | 22 | 20 | 24 | 42 | 54 | 56 | 59 | 60 | 51 | 46 | 56 | 57 | 54 | 21 | 28 |
| EBITDA* | 1,123,282 | -468,513 | -515,742 | -1,635,448 | 690,874 | -34,446 | 328,704 | 438,926 | 306,782 | 412,371 | 680,977 | 690,413 | 777,849 | 555,957 | 383,045 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 27,618 | 357,368 | 204,877 | 206,773 | 166,805 | 5,358,395 | 5,374,245 | 697,956 | 701,759 | 808,386 | 106,181 | 20,515 | 13,267 |
| Intangible Assets | 310,565 | 310,565 | 336,264 | 400,749 | 377,317 | 406,867 | 502,585 | 787,279 | 1,774,665 | 2,072,605 | 2,959,225 | 3,131,765 | 3,304,305 | 0 | 0 |
| Investments & Other | 14,558 | 2,000 | 2,000 | 2,000 | 7,062 | 64,388 | 2,000 | 5,328,760 | 5,266,641 | 2,000 | 2,000 | 3,048,741 | 3,048,741 | 2,000 | 2,000 |
| Debtors (Due After 1 year) | 135,000 | 75,000 | 0 | 138,396 | 122,467 | 32,646 | 29,854 | 3,160 | 7,712 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 460,123 | 387,565 | 363,882 | 633,471 | 582,194 | 613,640 | 669,390 | 6,145,674 | 7,148,910 | 2,772,561 | 3,662,984 | 6,988,892 | 6,459,227 | 22,515 | 15,267 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 37,003 | 14,641 | 12,246 | 14,344 | 25,536 | 9,600 | 7,261 | 6,864 | 0 | 0 | 0 | 0 | 0 | 28,478 | 14,807 |
| Group Debtors | 61,347 | 11,189 | 6,666 | 3,077,278 | 5,164,089 | 8,065,819 | 4,403,769 | 3,250,010 | 2,061,770 | 1,445,913 | 0 | 0 | 0 | 5,742 | 0 |
| Misc Debtors | 804,769 | 681,339 | 108,428 | 258,183 | 1,274,119 | 1,157,809 | 964,239 | 1,103,500 | 1,029,043 | 913,379 | 749,412 | 820,986 | 1,207,336 | 372,297 | 256,481 |
| Cash | 4,387,545 | 4,194,329 | 3,100,399 | 4,848,399 | 5,774,543 | 3,209,555 | 2,607,926 | 5,110,671 | 4,691,991 | 4,344,605 | 4,728,704 | 4,685,396 | 5,090,468 | 3,270,699 | 2,427,556 |
| misc current assets | 26,993 | 85,906 | 3,454 | 39,125 | 89,026 | 118,840 | 131,569 | 519,967 | 86,931 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,317,657 | 4,987,404 | 3,231,193 | 8,416,044 | 12,327,313 | 12,561,623 | 8,114,764 | 9,991,012 | 7,869,735 | 6,703,897 | 5,478,116 | 5,506,382 | 6,297,804 | 3,677,216 | 2,698,844 |
| total assets | 5,777,780 | 5,374,969 | 3,595,075 | 9,049,515 | 12,909,507 | 13,175,263 | 8,784,154 | 16,136,686 | 15,018,645 | 9,476,458 | 9,141,100 | 12,495,274 | 12,757,031 | 3,699,731 | 2,714,111 |
| Bank overdraft | 0 | 0 | 0 | 4,000,000 | 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 | 0 |
| Trade Creditors | 27,040 | 124,030 | 71,533 | 175,743 | 243,561 | 105,462 | 174,570 | 34,814 | 31,813 | 0 | 24,375 | 374,229 | 483,729 | 204,081 | 5,922 |
| Group/Directors Accounts | 892,142 | 346,278 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 538,119 | 86,835 | 3,131,519 | 3,963,120 | 963,882 | 598,834 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 18,898 | 112,009 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 1,177 | 53,121 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,215,176 | 5,350,315 | 3,617,116 | 4,080,067 | 10,464,260 | 10,753,472 | 6,228,227 | 13,282,545 | 12,049,156 | 5,131,284 | 4,369,560 | 4,073,958 | 3,673,101 | 2,115,424 | 2,096,488 |
| total current liabilities | 5,134,358 | 5,820,623 | 3,689,826 | 8,308,931 | 10,707,821 | 10,877,832 | 6,514,806 | 13,317,359 | 12,080,969 | 5,669,403 | 4,480,770 | 7,579,706 | 8,119,950 | 3,283,387 | 2,701,244 |
| loans | 0 | 0 | 0 | 0 | 0 | 3,396 | 3,558 | 0 | 12,455 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 181,167 | 185,919 | 181,418 | 133,077 | 77,174 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 113,390 | 78,050 | 0 | 0 | 0 | 0 | 0 | 0 | 152,967 | 0 | 0 | 0 | 0 | 15,582 | 12,822 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 171,634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 113,390 | 78,050 | 0 | 181,167 | 185,919 | 184,814 | 136,635 | 162,991 | 165,422 | 0 | 0 | 0 | 0 | 15,582 | 12,822 |
| total liabilities | 5,247,748 | 5,898,673 | 3,689,826 | 8,490,098 | 10,893,740 | 11,062,646 | 6,651,441 | 13,480,350 | 12,246,391 | 5,669,403 | 4,480,770 | 7,579,706 | 8,119,950 | 3,298,969 | 2,714,066 |
| net assets | 530,032 | -523,704 | -94,751 | 559,417 | 2,015,767 | 2,112,617 | 2,132,713 | 2,656,336 | 2,772,254 | 3,807,055 | 4,660,330 | 4,915,568 | 4,637,081 | 400,762 | 45 |
| total shareholders funds | 530,032 | -523,704 | -94,751 | 559,417 | 2,015,767 | 2,112,617 | 2,132,713 | 2,656,336 | 2,772,254 | 3,807,055 | 4,660,330 | 4,915,568 | 4,637,081 | 400,762 | 45 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,123,282 | -497,562 | -551,612 | -1,725,888 | 613,179 | -155,545 | -60,147 | -608,158 | -751,150 | -607,371 | 392,590 | 457,627 | 606,691 | 551,487 | 25,781 |
| Depreciation | 0 | 10,160 | 16,981 | 72,075 | 28,633 | 25,381 | 25,426 | 59,698 | 61,674 | 133,122 | 115,847 | 60,246 | 24,672 | 4,470 | 2,736 |
| Amortisation | 0 | 18,889 | 18,889 | 18,365 | 49,062 | 95,718 | 363,425 | 987,386 | 996,258 | 886,620 | 172,540 | 172,540 | 146,486 | 0 | 354,528 |
| Tax | 0 | 0 | -124,646 | 351,824 | -99,947 | -4,772 | 103,334 | -102,354 | -118,191 | -59,145 | -153,686 | -161,728 | -259,051 | -157,400 | -119,810 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 255,950 | 654,829 | -3,360,861 | -3,098,010 | -2,679,663 | 3,860,751 | 1,041,589 | 1,265,009 | 739,233 | 1,609,880 | -71,574 | -386,350 | 800,819 | 135,229 | 271,288 |
| Creditors | -96,990 | 52,497 | -104,210 | -67,818 | 138,099 | -69,108 | 139,756 | 3,001 | 31,813 | -24,375 | -349,854 | -109,500 | 279,648 | 198,159 | 5,922 |
| Accruals and Deferred Income | -1,135,139 | 1,733,199 | -644,118 | -6,388,945 | -284,711 | 4,573,586 | -6,998,415 | 1,310,563 | 6,917,872 | 761,724 | 295,602 | 400,857 | 1,557,677 | 18,936 | 2,096,488 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -171,634 | 171,634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -364,797 | 662,354 | 1,972,145 | -4,642,377 | 3,123,978 | 604,509 | -7,639,844 | 556,761 | 6,399,043 | -519,305 | 544,613 | 1,206,392 | 1,555,304 | 480,423 | 2,094,357 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 12,558 | 0 | 0 | -5,062 | -57,326 | 62,388 | -5,326,760 | 62,119 | 5,264,641 | 0 | -3,046,741 | 0 | 3,046,741 | 0 | 2,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 545,864 | 346,278 | 0 | 0 | 0 | 0 | 0 | 0 | -538,119 | 451,284 | -3,044,684 | -831,601 | 2,999,238 | 365,048 | 598,834 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -18,898 | -93,111 | 112,009 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -3,396 | -162 | 3,558 | -12,455 | 12,455 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -1,177 | -51,944 | 53,121 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 35,340 | 78,050 | 0 | 0 | 0 | 0 | 0 | -152,967 | 152,967 | 0 | 0 | 0 | -15,582 | 2,760 | 12,822 |
| share issue | |||||||||||||||
| interest | -69,546 | 68,609 | 22,090 | -82,286 | -110,082 | -2,710 | 374 | 14,308 | 66,144 | 13,241 | 12,593 | 12,588 | -11,321 | 6,630 | 54,074 |
| cash flow from financing | 511,658 | 491,760 | -29,854 | -29,165 | -132,376 | -95,983 | 115,941 | -151,114 | -538,157 | 464,525 | -3,032,091 | -819,013 | 6,872,335 | 374,438 | 705,730 |
| cash and cash equivalents | |||||||||||||||
| cash | 193,216 | 1,093,930 | -1,748,000 | -926,144 | 2,564,988 | 601,629 | -2,502,745 | 418,680 | 347,386 | -384,099 | 43,308 | -405,072 | 1,819,769 | 843,143 | 2,427,556 |
| overdraft | 0 | 0 | -4,000,000 | 4,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 193,216 | 1,093,930 | 2,252,000 | -4,926,144 | 2,564,988 | 601,629 | -2,502,745 | 418,680 | 347,386 | -384,099 | 43,308 | -405,072 | 1,819,769 | 843,143 | 2,427,556 |
ttss limited Credit Report and Business Information
Ttss Limited Competitor Analysis
Perform a competitor analysis for ttss limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in RH10 area or any other competitors across 12 key performance metrics.
ttss limited Ownership
TTSS LIMITED group structure
Ttss Limited has 1 subsidiary company.
Ultimate parent company
KKR & CO. INC
#0116724
2 parents
TTSS LIMITED
06695822
1 subsidiary
ttss limited directors
Ttss Limited currently has 2 directors. The longest serving directors include Mr Hua Chan (May 2022) and Mr Richard Twynam (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hua Chan | United Kingdom | 42 years | May 2022 | - | Director |
| Mr Richard Twynam | United Kingdom | 52 years | Jan 2024 | - | Director |
P&L
September 2023turnover
14.5m
+240%
operating profit
1.1m
-326%
gross margin
23.2%
-15.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
530k
-2.01%
total assets
5.8m
+0.07%
cash
4.4m
+0.05%
net assets
Total assets minus all liabilities
ttss limited company details
company number
06695822
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
September 2008
age
16
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
edwin doran travel limited (September 2010)
edwin doran's travel world limited (November 2008)
last accounts submitted
September 2023
address
origin one 108 high street, crawley, west sussex, RH10 1BD
accountant
-
auditor
DELOITTE LLP
ttss 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 ttss limited.
ttss limited Companies House Filings - See Documents
| date | description | view/download |
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