turning factor limited
turning factor limited Company Information
Company Number
06900923
Next Accounts
Sep 2025
Shareholders
james trevor howells
kathryn anne horton
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
network house alkmaar way, norwich, norfolk, NR6 6BF
Website
www.turningfactor.co.ukturning factor limited Estimated Valuation
Pomanda estimates the enterprise value of TURNING FACTOR LIMITED at £659.9k based on a Turnover of £1.2m and 0.56x industry multiple (adjusted for size and gross margin).
turning factor limited Estimated Valuation
Pomanda estimates the enterprise value of TURNING FACTOR LIMITED at £226.4k based on an EBITDA of £54.8k and a 4.13x industry multiple (adjusted for size and gross margin).
turning factor limited Estimated Valuation
Pomanda estimates the enterprise value of TURNING FACTOR LIMITED at £350.7k based on Net Assets of £164.4k and 2.13x industry multiple (adjusted for liquidity).
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Turning Factor Limited Overview
Turning Factor Limited is a live company located in norfolk, NR6 6BF with a Companies House number of 06900923. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2009, it's largest shareholder is james trevor howells with a 50% stake. Turning Factor Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Turning Factor Limited Health Check
Pomanda's financial health check has awarded Turning Factor Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£4.8m)
- Turning Factor Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (6.6%)
- Turning Factor Limited
6.6% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)
- Turning Factor Limited
38.3% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (5.7%)
- Turning Factor Limited
5.7% - Industry AVG
Employees
with 11 employees, this is below the industry average (27)
11 - Turning Factor Limited
27 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£54k)
- Turning Factor Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £106.4k, this is less efficient (£171.4k)
- Turning Factor Limited
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (42 days)
- Turning Factor Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (32 days)
- Turning Factor Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (33 days)
- Turning Factor Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)
0 weeks - Turning Factor Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.5%, this is a higher level of debt than the average (62.5%)
80.5% - Turning Factor Limited
62.5% - Industry AVG
TURNING FACTOR LIMITED financials
Turning Factor Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £164.4 thousand. According to their latest financial statements, Turning Factor Limited has 11 employees and maintains cash reserves of £7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Apr 2019 | Apr 2018 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 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 | 11 | 11 | 12 | 4 | 3 | 3 | 3 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Apr 2019 | Apr 2018 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 111,960 | 86,422 | 57,146 | 2,180 | 2,565 | 2,268 | 3,129 | 2,653 | 2,999 | 642 | 1,251 | 1,668 | ||
| Intangible Assets | 37,500 | |||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 292,799 | 239,725 | 96,700 | |||||||||||
| Total Fixed Assets | 404,759 | 326,147 | 153,846 | 2,180 | 2,565 | 2,268 | 3,129 | 2,653 | 2,999 | 642 | 1,251 | 39,168 | ||
| Stock & work in progress | 50,000 | |||||||||||||
| Trade Debtors | 169,463 | 195,269 | 77,913 | 59,762 | 33,532 | 112,945 | 54,293 | 79,385 | 83,846 | 82,991 | 24,054 | 18,319 | ||
| Group Debtors | ||||||||||||||
| Misc Debtors | 210,348 | 137,290 | 129,953 | 159,680 | 146,792 | 113,440 | 69,643 | |||||||
| Cash | 7,038 | 43,063 | 217,156 | 54,849 | 583 | 29,883 | 12,112 | 47,930 | 18,035 | 2,316 | 169 | 7,105 | ||
| misc current assets | 27,592 | |||||||||||||
| total current assets | 436,849 | 375,622 | 425,022 | 274,291 | 180,907 | 256,268 | 136,048 | 154,907 | 101,881 | 85,307 | 24,223 | 25,424 | ||
| total assets | 841,608 | 701,769 | 578,868 | 276,471 | 183,472 | 258,536 | 139,177 | 157,560 | 104,880 | 85,949 | 25,474 | 64,592 | ||
| Bank overdraft | 172,168 | 99,172 | 4,052 | 26,024 | 39,902 | 57,741 | 22,330 | 13,011 | ||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 28,038 | 13,828 | 14,699 | 15,121 | 42,792 | 15,276 | 15,315 | 5,970 | 69,550 | 54,628 | 96,541 | 4,767 | ||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 33,190 | 21,306 | ||||||||||||
| other current liabilities | 163,214 | 81,011 | 84,822 | 62,196 | 50,584 | 84,904 | 46,105 | 56,188 | 122,707 | |||||
| total current liabilities | 396,610 | 215,317 | 103,573 | 103,341 | 133,278 | 157,921 | 83,750 | 75,169 | 69,550 | 54,628 | 96,541 | 127,474 | ||
| loans | 151,071 | 216,607 | 207,917 | 63,750 | 36,751 | 48,000 | 27,786 | 2,500 | ||||||
| hp & lease commitments | 108,261 | 91,084 | 80,747 | |||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 28,831 | 2,500 | ||||||||||||
| provisions | 21,273 | 6,631 | 4,639 | 415 | 488 | 431 | 595 | 229 | 437 | 7 | ||||
| total long term liabilities | 280,605 | 314,322 | 293,303 | 64,165 | 37,239 | 431 | 48,595 | 28,015 | 29,268 | 2,500 | 2,507 | |||
| total liabilities | 677,215 | 529,639 | 396,876 | 167,506 | 170,517 | 158,352 | 132,345 | 103,184 | 98,818 | 57,128 | 99,048 | 127,474 | ||
| net assets | 164,393 | 172,130 | 181,992 | 108,965 | 12,955 | 100,184 | 6,832 | 54,376 | 6,062 | 28,821 | -73,574 | -62,882 | ||
| total shareholders funds | 164,393 | 172,130 | 181,992 | 108,965 | 12,955 | 100,184 | 6,832 | 54,376 | 6,062 | 28,821 | -73,574 | -62,882 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Apr 2019 | Apr 2018 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 27,955 | 13,983 | 18,573 | 385 | 285 | 861 | 1,201 | 926 | 956 | 118 | 417 | 556 | ||
| Amortisation | 37,500 | 37,500 | ||||||||||||
| Tax | ||||||||||||||
| Stock | 50,000 | |||||||||||||
| Debtors | 100,326 | 267,718 | 85,124 | 39,118 | 56,388 | 102,449 | 123,936 | -4,461 | 855 | 58,937 | 5,735 | 18,319 | ||
| Creditors | 14,210 | -871 | -422 | -27,671 | 27,477 | -39 | 15,315 | -63,580 | 14,922 | -41,913 | 91,774 | 4,767 | ||
| Accruals and Deferred Income | 82,203 | -3,811 | 22,626 | 11,612 | 4,479 | 38,799 | 46,105 | 56,188 | -122,707 | 122,707 | ||||
| Deferred Taxes & Provisions | 14,642 | 1,992 | 4,224 | -73 | -107 | -164 | 595 | -208 | 437 | -7 | 7 | |||
| 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 | -65,536 | 8,690 | 144,167 | 26,999 | -11,249 | -48,000 | 48,000 | 27,786 | -2,500 | 2,500 | ||||
| Hire Purchase and Lease Commitments | 29,061 | 31,643 | 80,747 | |||||||||||
| other long term liabilities | -28,831 | 26,331 | 2,500 | |||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -36,025 | -174,093 | 162,307 | 54,266 | -11,529 | 17,771 | 12,112 | 29,895 | 15,719 | 2,147 | -6,936 | 7,105 | ||
| overdraft | 72,996 | 95,120 | -21,972 | -13,878 | 17,572 | 35,411 | 22,330 | 13,011 | ||||||
| change in cash | -109,021 | -269,213 | 184,279 | 68,144 | -29,101 | -17,640 | -10,218 | 16,884 | 15,719 | 2,147 | -6,936 | 7,105 |
turning factor limited Credit Report and Business Information
Turning Factor Limited Competitor Analysis
Perform a competitor analysis for turning factor limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NR6 area or any other competitors across 12 key performance metrics.
turning factor limited Ownership
TURNING FACTOR LIMITED group structure
Turning Factor Limited has no subsidiary companies.
Ultimate parent company
TURNING FACTOR LIMITED
06900923
turning factor limited directors
Turning Factor Limited currently has 2 directors. The longest serving directors include Mrs. Kathryn Horton (May 2009) and Mr James Howells (Nov 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs. Kathryn Horton | England | 52 years | May 2009 | - | Director |
| Mr James Howells | England | 59 years | Nov 2011 | - | Director |
P&L
December 2023turnover
1.2m
-5%
operating profit
26.9k
0%
gross margin
38.3%
-0.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
164.4k
-0.04%
total assets
841.6k
+0.2%
cash
7k
-0.84%
net assets
Total assets minus all liabilities
turning factor limited company details
company number
06900923
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
aspirare development limited (June 2010)
turning factor limited (November 2009)
accountant
TOGETHER ACCOUNTING LIMITED
auditor
-
address
network house alkmaar way, norwich, norfolk, NR6 6BF
Bank
-
Legal Advisor
-
turning factor 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 2 charges/mortgages relating to turning factor limited. Currently there are 0 open charges and 2 have been satisfied in the past.
turning factor 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.
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turning factor limited Companies House Filings - See Documents
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