torquing technology limited
torquing technology limited Company Information
Company Number
06756828
Next Accounts
Dec 2024
Industry
Other information technology and computer service activities
Shareholders
torquing group ltd
Group Structure
View All
Contact
Registered Address
63 walter road, swansea, SA1 4PT
Website
http://torquinggroup.comtorquing technology limited Estimated Valuation
Pomanda estimates the enterprise value of TORQUING TECHNOLOGY LIMITED at £18k based on a Turnover of £33.6k and 0.53x industry multiple (adjusted for size and gross margin).
torquing technology limited Estimated Valuation
Pomanda estimates the enterprise value of TORQUING TECHNOLOGY LIMITED at £0 based on an EBITDA of £-39.9k and a 3.75x industry multiple (adjusted for size and gross margin).
torquing technology limited Estimated Valuation
Pomanda estimates the enterprise value of TORQUING TECHNOLOGY LIMITED at £0 based on Net Assets of £-28.1k and 2.23x industry multiple (adjusted for liquidity).
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Torquing Technology Limited Overview
Torquing Technology Limited is a dissolved company that was located in swansea, SA1 4PT with a Companies House number of 06756828. It operated in the other information technology service activities sector, SIC Code 62090. Founded in November 2008, it's largest shareholder was torquing group ltd with a 100% stake. The last turnover for Torquing Technology Limited was estimated at £33.6k.
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Torquing Technology Limited Health Check
Pomanda's financial health check has awarded Torquing Technology Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £33.6k, make it smaller than the average company (£3.3m)
- Torquing Technology Limited
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (6.3%)
- Torquing Technology Limited
6.3% - Industry AVG
Production
with a gross margin of 28.1%, this company has a higher cost of product (53.2%)
- Torquing Technology Limited
53.2% - Industry AVG
Profitability
an operating margin of -148.6% make it less profitable than the average company (6.1%)
- Torquing Technology Limited
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (57)
- Torquing Technology Limited
57 - Industry AVG
Pay Structure
on an average salary of £53.3k, the company has an equivalent pay structure (£53.3k)
- Torquing Technology Limited
£53.3k - Industry AVG
Efficiency
resulting in sales per employee of £33.6k, this is less efficient (£154.5k)
- Torquing Technology Limited
£154.5k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (56 days)
- Torquing Technology Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 1026 days, this is slower than average (42 days)
- Torquing Technology Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (16 days)
- Torquing Technology Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Torquing Technology Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 170.4%, this is a higher level of debt than the average (68.6%)
170.4% - Torquing Technology Limited
68.6% - Industry AVG
TORQUING TECHNOLOGY LIMITED financials
Torquing Technology Limited's latest turnover from November 2014 is estimated at £33.6 thousand and the company has net assets of -£28.1 thousand. According to their latest financial statements, we estimate that Torquing Technology Limited has 1 employee and maintains cash reserves of £639 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|
| 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 29,801 | 37,791 | 40,112 | 25,120 | 23,432 | 0 |
| Intangible Assets | 8,277 | 4,027 | 12,000 | 18,000 | 24,000 | 30,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 38,078 | 41,818 | 52,112 | 43,120 | 47,432 | 30,000 |
| Stock & work in progress | 9 | 9 | 9 | 9 | 0 | 0 |
| Trade Debtors | 1,216 | 13,651 | 11,869 | 23,684 | 6,274 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 639 | 250 | 2,824 | 4,696 | 1,963 | 1,980 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,864 | 13,910 | 14,702 | 28,389 | 8,237 | 1,980 |
| total assets | 39,942 | 55,728 | 66,814 | 71,509 | 55,669 | 31,980 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 68,056 | 33,852 | 32,192 | 36,402 | 39,173 | 25,410 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 68,056 | 33,852 | 32,192 | 36,402 | 39,173 | 25,410 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 68,056 | 33,852 | 32,192 | 36,402 | 39,173 | 25,410 |
| net assets | -28,114 | 21,876 | 34,622 | 35,107 | 16,496 | 6,570 |
| total shareholders funds | -28,114 | 21,876 | 34,622 | 35,107 | 16,496 | 6,570 |
| Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 7,990 | 2,774 | 2,651 | 977 | 6,774 | 0 |
| Amortisation | 2,069 | 0 | 6,000 | 6,000 | 6,000 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 9 | 0 | 0 |
| Debtors | -12,435 | 1,782 | -11,815 | 17,410 | 6,274 | 0 |
| Creditors | 34,204 | 1,660 | -4,210 | -2,771 | 13,763 | 25,410 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 389 | -2,574 | -1,872 | 2,733 | -17 | 1,980 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 389 | -2,574 | -1,872 | 2,733 | -17 | 1,980 |
torquing technology limited Credit Report and Business Information
Torquing Technology Limited Competitor Analysis
Perform a competitor analysis for torquing technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in SA1 area or any other competitors across 12 key performance metrics.
torquing technology limited Ownership
TORQUING TECHNOLOGY LIMITED group structure
Torquing Technology Limited has no subsidiary companies.
torquing technology limited directors
Torquing Technology Limited currently has 3 directors. The longest serving directors include Mrs Anna Reedman (Apr 2013) and Mr Philip Busby (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Anna Reedman | 45 years | Apr 2013 | - | Director | |
| Mr Philip Busby | United Kingdom | 74 years | Jul 2014 | - | Director |
| Mr Philip Busby | Wales | 52 years | Jul 2014 | - | Director |
P&L
November 2014turnover
33.6k
-41%
operating profit
-50k
0%
gross margin
28.1%
-6.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2014net assets
-28.1k
-2.29%
total assets
39.9k
-0.28%
cash
639
+1.56%
net assets
Total assets minus all liabilities
torquing technology limited company details
company number
06756828
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
November 2008
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
November 2014
previous names
N/A
accountant
-
auditor
-
address
63 walter road, swansea, SA1 4PT
Bank
-
Legal Advisor
-
torquing technology 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 torquing technology limited.
torquing technology limited Companies House Filings - See Documents
| date | description | view/download |
|---|
