tecan limited
tecan limited Company Information
Company Number
06736647
Website
www.tecanprecision.comRegistered Address
tecan limited tecan way, granby industrial estate, weymouth, dorset, DT4 9TU
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
01305765432
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
veco b.v. 100%
tecan limited Estimated Valuation
Pomanda estimates the enterprise value of TECAN LIMITED at £6.6m based on a Turnover of £9m and 0.73x industry multiple (adjusted for size and gross margin).
tecan limited Estimated Valuation
Pomanda estimates the enterprise value of TECAN LIMITED at £6.9m based on an EBITDA of £1.3m and a 5.27x industry multiple (adjusted for size and gross margin).
tecan limited Estimated Valuation
Pomanda estimates the enterprise value of TECAN LIMITED at £10.4m based on Net Assets of £4.7m and 2.19x industry multiple (adjusted for liquidity).
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Tecan Limited Overview
Tecan Limited is a live company located in weymouth, DT4 9TU with a Companies House number of 06736647. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2008, it's largest shareholder is veco b.v. with a 100% stake. Tecan Limited is a established, mid sized company, Pomanda has estimated its turnover at £9m with low growth in recent years.
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Tecan Limited Health Check
Pomanda's financial health check has awarded Tecan Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £9m, make it smaller than the average company (£12.5m)
£9m - Tecan Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (2.9%)
2% - Tecan Limited
2.9% - Industry AVG
Production
with a gross margin of 31.1%, this company has a comparable cost of product (30%)
31.1% - Tecan Limited
30% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (6.4%)
9.9% - Tecan Limited
6.4% - Industry AVG
Employees
with 91 employees, this is similar to the industry average (76)
91 - Tecan Limited
76 - Industry AVG
Pay Structure
on an average salary of £36.1k, the company has an equivalent pay structure (£38.6k)
£36.1k - Tecan Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £98.9k, this is less efficient (£151.2k)
£98.9k - Tecan Limited
£151.2k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (63 days)
42 days - Tecan Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (50 days)
32 days - Tecan Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 49 days, this is less than average (76 days)
49 days - Tecan Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (13 weeks)
78 weeks - Tecan Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.3%, this is a lower level of debt than the average (47.5%)
26.3% - Tecan Limited
47.5% - Industry AVG
tecan limited Credit Report and Business Information
Tecan Limited Competitor Analysis
Perform a competitor analysis for tecan limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tecan limited Ownership
TECAN LIMITED group structure
Tecan Limited has no subsidiary companies.
Ultimate parent company
VELVET ACQUISITION BV
#0128222
VECO BV
#0053718
2 parents
TECAN LIMITED
06736647
tecan limited directors
Tecan Limited currently has 4 directors. The longest serving directors include Mr Neil Walker (Jul 2016) and Ms Jenna Myszak (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Walker | 56 years | Jul 2016 | - | Director | |
| Ms Jenna Myszak | United States | 48 years | Dec 2022 | - | Director |
| Michiel Barendse | Netherlands | 51 years | Feb 2023 | - | Director |
| Mr Christiaan Vree | Netherlands | 41 years | Jul 2023 | - | Director |
TECAN LIMITED financials
Tecan Limited's latest turnover from December 2022 is £9 million and the company has net assets of £4.7 million. According to their latest financial statements, Tecan Limited has 91 employees and maintains cash reserves of £1.9 million 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 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,001,432 | 8,112,624 | 6,699,019 | 8,559,839 | 9,401,404 | 9,376,848 | 7,680,714 | 8,158,640 | 8,090,053 | 7,567,099 | 5,836,017 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 6,201,413 | 5,869,174 | 5,328,497 | 6,348,065 | 6,484,894 | 6,526,706 | 4,571,659 | 4,434,331 | 4,463,812 | 3,743,285 | 2,908,496 | |||
| Gross Profit | 2,800,019 | 2,243,450 | 1,370,522 | 2,211,774 | 2,916,510 | 2,850,142 | 3,109,055 | 3,724,309 | 3,626,241 | 3,823,814 | 2,927,521 | |||
| Admin Expenses | 1,912,103 | 2,221,260 | 1,997,830 | 2,146,245 | 1,804,090 | 1,805,703 | 1,873,855 | 1,775,489 | 1,827,215 | 2,214,011 | 1,995,395 | |||
| Operating Profit | 887,916 | 22,190 | -627,308 | 65,529 | 1,112,420 | 1,044,439 | 1,235,200 | 1,948,820 | 1,799,026 | 1,609,803 | 932,126 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 57,852 | 40,911 | 58,452 | 104,928 | 140,226 | |||
| Interest Receivable | 355 | 680 | 544 | 0 | 9,996 | 8,173 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 888,271 | 22,870 | -626,764 | 65,529 | 1,122,416 | 1,052,612 | 1,177,348 | 1,907,909 | 1,740,574 | 1,504,875 | 791,900 | |||
| Tax | -164,282 | -27,258 | 120,594 | -36,428 | -216,234 | -203,457 | -234,161 | -417,540 | -383,444 | -414,035 | -213,112 | |||
| Profit After Tax | 723,989 | -4,388 | -506,170 | 29,101 | 906,182 | 849,155 | 943,187 | 1,490,369 | 1,357,130 | 1,090,840 | 578,788 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 1,100,000 | 1,100,000 | 1,500,000 | 500,000 | 0 | |||
| Retained Profit | 723,989 | -4,388 | -506,170 | 29,101 | 906,182 | 849,155 | -156,813 | 390,369 | -142,870 | 590,840 | 578,788 | |||
| Employee Costs | 3,282,329 | 3,039,784 | 3,027,633 | 3,480,341 | 3,444,948 | 3,105,204 | 2,776,950 | 2,670,870 | 2,748,662 | 2,666,518 | 2,173,464 | |||
| Number Of Employees | 91 | 89 | 96 | 108 | 107 | 101 | 100 | 95 | 97 | 99 | 104 | 104 | ||
| EBITDA* | 1,302,862 | 501,230 | -159,317 | 468,949 | 1,531,109 | 1,409,904 | 1,545,211 | 2,305,233 | 2,161,915 | 2,058,994 | 1,211,924 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,099,708 | 1,764,692 | 2,022,114 | 2,277,883 | 2,214,253 | 1,757,664 | 1,479,064 | 1,454,267 | 1,120,962 | 1,007,419 | 1,089,731 | 1,327,589 | 1,480,275 | 1,209,986 |
| Intangible Assets | 101,712 | 22,853 | 68,504 | 59,249 | 85,236 | 55,000 | 110,000 | 165,000 | 220,000 | 275,000 | 339,600 | 404,200 | 468,800 | 533,400 |
| 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 | 2,201,420 | 1,787,545 | 2,090,618 | 2,337,132 | 2,299,489 | 1,812,664 | 1,589,064 | 1,619,267 | 1,340,962 | 1,282,419 | 1,429,331 | 1,731,789 | 1,949,075 | 1,743,386 |
| Stock & work in progress | 837,062 | 710,240 | 819,373 | 949,270 | 1,065,311 | 798,099 | 667,498 | 595,044 | 555,516 | 596,941 | 653,188 | 770,290 | 590,773 | 439,117 |
| Trade Debtors | 1,054,454 | 825,000 | 827,361 | 1,259,186 | 936,373 | 1,204,633 | 1,151,898 | 1,162,558 | 1,032,685 | 1,103,761 | 1,177,954 | 1,355,785 | 920,582 | 933,759 |
| Group Debtors | 265,794 | 72,480 | 11,935 | 85,401 | 0 | 413,985 | 104,024 | 59,606 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 130,048 | 325,082 | 390,864 | 390,784 | 274,310 | 110,074 | 102,917 | 244,483 | 77,002 | 86,053 | 55,226 | 101,046 | 116,979 | 0 |
| Cash | 1,933,911 | 1,776,452 | 1,803,418 | 592,160 | 1,340,487 | 854,767 | 497,414 | 372,543 | 219,982 | 341,741 | 321,288 | 190,264 | 144,377 | 8,603 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,221,269 | 3,709,254 | 3,852,951 | 3,276,801 | 3,616,481 | 3,381,558 | 2,523,751 | 2,434,234 | 1,885,185 | 2,128,496 | 2,207,656 | 2,417,385 | 1,772,711 | 1,381,479 |
| total assets | 6,422,689 | 5,496,799 | 5,943,569 | 5,613,933 | 5,915,970 | 5,194,222 | 4,112,815 | 4,053,501 | 3,226,147 | 3,410,915 | 3,636,987 | 4,149,174 | 3,721,786 | 3,124,865 |
| 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 | 546,545 | 608,755 | 442,741 | 429,006 | 1,227,848 | 850,317 | 481,887 | 449,071 | 549,761 | 477,536 | 447,761 | 513,454 | 388,666 | 606,759 |
| Group/Directors Accounts | 148,454 | 127,473 | 877,916 | 152,552 | 0 | 0 | 0 | 0 | 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 | 19,477 | 0 |
| other current liabilities | 578,474 | 401,065 | 338,747 | 281,217 | 0 | 563,945 | 702,260 | 577,687 | 384,994 | 678,829 | 717,684 | 837,394 | 416,131 | 0 |
| total current liabilities | 1,273,473 | 1,137,293 | 1,659,404 | 862,775 | 1,227,848 | 1,414,262 | 1,184,147 | 1,026,758 | 934,755 | 1,156,365 | 1,165,445 | 1,350,848 | 824,274 | 606,759 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,044,488 | 696,843 | 536,188 | 1,140,549 | 1,282,208 | 1,965,440 | 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 | 2,285,870 |
| provisions | 414,679 | 348,958 | 269,229 | 230,052 | 196,117 | 194,137 | 192,000 | 233,000 | 134,000 | 101,000 | 104,000 | 146,255 | 153,049 | 32,001 |
| total long term liabilities | 414,679 | 348,958 | 269,229 | 230,052 | 196,117 | 194,137 | 192,000 | 1,277,488 | 830,843 | 637,188 | 1,244,549 | 1,428,463 | 2,118,489 | 2,317,871 |
| total liabilities | 1,688,152 | 1,486,251 | 1,928,633 | 1,092,827 | 1,423,965 | 1,608,399 | 1,376,147 | 2,304,246 | 1,765,598 | 1,793,553 | 2,409,994 | 2,779,311 | 2,942,763 | 2,924,630 |
| net assets | 4,734,537 | 4,010,548 | 4,014,936 | 4,521,106 | 4,492,005 | 3,585,823 | 2,736,668 | 1,749,255 | 1,460,549 | 1,617,362 | 1,226,993 | 1,369,863 | 779,023 | 200,235 |
| total shareholders funds | 4,734,537 | 4,010,548 | 4,014,936 | 4,521,106 | 4,492,005 | 3,585,823 | 2,736,668 | 1,749,255 | 1,460,549 | 1,617,362 | 1,226,993 | 1,369,863 | 779,023 | 200,235 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 887,916 | 22,190 | -627,308 | 65,529 | 1,112,420 | 1,044,439 | 1,235,200 | 1,948,820 | 1,799,026 | 1,609,803 | 932,126 | |||
| Depreciation | 395,418 | 432,063 | 424,778 | 374,227 | 346,818 | 310,465 | 417,885 | 252,551 | 255,011 | 291,813 | 298,289 | 384,591 | 215,198 | 173,965 |
| Amortisation | 19,528 | 46,977 | 43,213 | 29,193 | 71,871 | 55,000 | 55,000 | 55,000 | 55,000 | 64,600 | 64,600 | 64,600 | 64,600 | 64,600 |
| Tax | -164,282 | -27,258 | 120,594 | -36,428 | -216,234 | -203,457 | -234,161 | -417,540 | -383,444 | -414,035 | -213,112 | |||
| Stock | 126,822 | -109,133 | -129,897 | -116,041 | 267,212 | 130,601 | 72,454 | 39,528 | -41,425 | -56,247 | -117,102 | 179,517 | 151,656 | 439,117 |
| Debtors | 227,734 | -7,598 | -505,211 | 524,688 | -518,009 | 369,853 | -107,808 | 356,960 | -80,127 | -43,366 | -223,651 | 419,270 | 103,802 | 933,759 |
| Creditors | -62,210 | 166,014 | 13,735 | -798,842 | 377,531 | 368,430 | 32,816 | -100,690 | 72,225 | 29,775 | -65,693 | 124,788 | -218,093 | 606,759 |
| Accruals and Deferred Income | 177,409 | 62,318 | 57,530 | 281,217 | -563,945 | -138,315 | 124,573 | 192,693 | -293,835 | -38,855 | -119,710 | 421,263 | 416,131 | 0 |
| Deferred Taxes & Provisions | 65,721 | 79,729 | 39,177 | 33,935 | 1,980 | 2,137 | -41,000 | 99,000 | 33,000 | -3,000 | -42,255 | -6,794 | 121,048 | 32,001 |
| Cash flow from operations | 964,944 | 898,764 | 706,827 | -459,816 | 1,381,238 | 938,245 | 1,243,992 | 1,975,226 | 1,891,566 | 1,585,429 | 1,062,440 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 20,981 | -750,443 | 725,364 | 152,552 | 0 | 0 | 0 | 0 | 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 | -1,044,488 | 347,645 | 160,655 | -604,361 | -141,659 | -683,232 | 1,965,440 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19,477 | 19,477 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,285,870 | 2,285,870 |
| share issue | ||||||||||||||
| interest | 355 | 680 | 544 | 0 | 9,996 | 8,173 | -57,852 | -40,911 | -58,452 | -104,928 | -140,226 | |||
| cash flow from financing | 21,336 | -749,763 | 725,908 | 152,552 | 9,996 | 8,173 | 102,803 | -645,272 | -200,111 | -807,637 | -441,179 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 157,459 | -26,966 | 1,211,258 | -748,327 | 485,720 | 357,353 | 124,871 | 152,561 | -121,759 | 20,453 | 131,024 | 45,887 | 135,774 | 8,603 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 157,459 | -26,966 | 1,211,258 | -748,327 | 485,720 | 357,353 | 124,871 | 152,561 | -121,759 | 20,453 | 131,024 | 45,887 | 135,774 | 8,603 |
P&L
December 2022turnover
9m
+11%
operating profit
887.9k
+3901%
gross margin
31.2%
+12.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.7m
+0.18%
total assets
6.4m
+0.17%
cash
1.9m
+0.09%
net assets
Total assets minus all liabilities
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tecan limited company details
company number
06736647
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
October 2008
age
16
accounts
Full Accounts
ultimate parent company
previous names
p l cane investments limited (January 2009)
incorporated
UK
address
tecan limited tecan way, granby industrial estate, weymouth, dorset, DT4 9TU
last accounts submitted
December 2022
tecan 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 found 7 charges/mortgages relating to tecan limited. Currently there are 0 open charges and 7 have been satisfied in the past.
tecan limited Companies House Filings - See Documents
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