Tangent 90 Limited

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tangent 90 limited Company Information

Company Number

06995868

Next Accounts

Sep 2025

Directors

Dominic Fisk

Richard Lucas

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Shareholders

veeva systems inc

peter west

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Group Structure

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Industry

Other information technology and computer service activities

Registered Address

95 mortimer street, london, W1W 7GB

Website

www.tangent90.co.uk

tangent 90 limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of TANGENT 90 LIMITED at £2.3m based on a Turnover of £2.8m and 0.8x industry multiple (adjusted for size and gross margin).

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Tangent 90 Limited is a live company located in london, W1W 7GB with a Companies House number of 06995868. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 2009, it's largest shareholder is veeva systems inc with a 23.2% stake. Tangent 90 Limited is a established, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Tangent 90 Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

7 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8%)

EXPORT

Tangent 90 Limited's latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of £283.8 thousand. According to their latest financial statements, Tangent 90 Limited has 28 employees and maintains cash reserves of £8.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Jun 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Turnover	2,842,914	3,305,122	3,449,399	2,898,272	2,481,071	1,426,224	1,747,330	1,735,572	1,357,049	1,104,882	1,824,587	810,503	1,065,457	1,064,761	759,724
Other Income Or Grants
Cost Of Sales	1,384,831	1,579,560	1,634,211	1,383,835	1,190,550	672,069	819,023	813,653	632,187	518,839	857,141	377,106	494,592	492,012	340,601
Gross Profit	1,458,083	1,725,562	1,815,188	1,514,438	1,290,521	754,155	928,307	921,919	724,862	586,043	967,446	433,396	570,864	572,749	419,123
Admin Expenses	3,961,425	2,269,425	1,738,793	893,170	856,057	582,622	927,511	827,423	634,875	594,291	979,056	463,251	550,276	530,271	395,737
Operating Profit	-2,503,342	-543,863	76,395	621,268	434,464	171,533	796	94,496	89,987	-8,248	-11,610	-29,855	20,588	42,478	23,386
Interest Payable	14,609	25,660	20,734	11,068	4,328	2,787	798	982	560
Interest Receivable	20,037	13,229	45	19	12	2	2	8	4	1	268	597	378	124	75
Pre-Tax Profit	-2,497,914	-556,293	55,706	610,220	430,148	168,748		93,522	89,430	-8,247	-11,342	-29,258	20,966	42,603	23,461
Tax			-10,584	-115,942	-81,728	-32,062		-17,769	-17,886				-5,032	-11,077	-6,569
Profit After Tax	-2,497,914	-556,293	45,122	494,278	348,420	136,686		75,753	71,544	-8,247	-11,342	-29,258	15,934	31,526	16,892
Dividends Paid
Retained Profit	-2,497,914	-556,293	45,122	494,278	348,420	136,686		75,753	71,544	-8,247	-11,342	-29,258	15,934	31,526	16,892
Employee Costs	2,077,184	2,113,464	1,951,988	1,643,976	1,660,289	1,262,625	1,096,412	1,090,889	998,247	441,380	656,875	301,619	407,835	392,321	287,463
Number Of Employees	28	30	29	26	27	21	19	19	18	8	12	6	8	8	6
EBITDA*	-1,966,361	-15,349	642,108	649,169	463,851	183,188	37,356	119,367	114,609	14,401	11,376	-14,695	28,632	49,620	28,494

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Jun 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Tangible Assets	19,195	23,070	28,689	24,423	17,286	9,774	7,905	7,905	11,615	17,468	12,246	25,595	11,890	16,325	15,327
Intangible Assets	959,582	2,619,560	2,574,159	2,410,876	1,793,944	1,313,107	1,077,603	1,077,603	663,065	298,389	102,583
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	978,777	2,642,630	2,602,848	2,435,299	1,811,230	1,322,881	1,085,508	1,085,508	674,680	315,857	114,829	25,595	11,890	16,325	15,327
Stock & work in progress
Trade Debtors	305,658	471,165	545,586	440,367	273,532	91,353	209,621	209,621	113,037	212,884	321,618	127,978	158,229	170,117	106,400
Group Debtors
Misc Debtors	130,754	222,873	278,205	218,110	189,176	118,341	174,654	174,654	180,673	132,642		4,180
Cash	8,352	754,972	979	35,210	3,140	116	352	352	2,720	133	133	107,119	131,742	19,514	30,183
misc current assets
total current assets	444,764	1,449,010	824,770	693,687	465,848	209,810	384,627	384,627	296,430	345,659	321,751	239,277	289,971	189,631	136,583
total assets	1,423,541	4,091,640	3,427,618	3,128,986	2,277,078	1,532,691	1,470,135	1,470,135	971,110	661,516	436,580	264,872	301,861	205,956	151,910
Bank overdraft	78,080	107,368	174,286	6,058	57,937	70,308	12,270	12,270	17,934
Bank loan
Trade Creditors	123,466	21,200	84,126	49,474	200,500	80,949	197,034	197,034	155,403	64,934	299,689	148,622	201,997	136,338
Group/Directors Accounts													11,934
other short term finances
hp & lease commitments
other current liabilities	696,764	953,367	817,642	825,691	577,905	309,705	302,056	302,056	312,091	354,277
total current liabilities	898,310	1,081,935	1,076,054	881,223	836,342	460,962	511,360	511,360	485,428	419,211	299,689	148,622	213,931	136,338
loans		74,268	184,278	298,878
hp & lease commitments
Accruals and Deferred Income
other liabilities	239,583	151,875	461,859	456,180	529,171	508,584	532,671	532,671	161,833	130,000	16,339	59,956			113,818
provisions	1,857	1,857	1,857	1,857	1,857	1,857	1,502	1,502					2,378
total long term liabilities	241,440	228,000	647,994	756,915	531,028	510,441	534,173	534,173	161,833	130,000	16,339	59,956	2,378		113,818
total liabilities	1,139,750	1,309,935	1,724,048	1,638,138	1,367,370	971,403	1,045,533	1,045,533	647,261	549,211	316,028	208,578	216,309	136,338	113,818
net assets	283,791	2,781,705	1,703,570	1,490,848	909,708	561,288	424,602	424,602	323,849	112,305	120,552	56,294	85,552	69,618	38,092
total shareholders funds	283,791	2,781,705	1,703,570	1,490,848	909,708	561,288	424,602	424,602	323,849	112,305	120,552	56,294	85,552	69,618	38,092

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Jun 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Operating Activities
Operating Profit	-2,503,342	-543,863	76,395	621,268	434,464	171,533	796	94,496	89,987	-8,248	-11,610	-29,855	20,588	42,478	23,386
Depreciation	13,069	13,682	11,820	6,704	3,243	1,675	1,231	8,840	11,813	7,027	19,472	15,160	8,044	7,142	5,108
Amortisation	523,912	514,832	553,893	21,197	26,144	9,980	35,329	16,031	12,809	15,622	3,514
Tax			-10,584	-115,942	-81,728	-32,062		-17,769	-17,886				-5,032	-11,077	-6,569
Stock
Debtors	-257,626	-129,753	165,314	195,769	253,014	-174,581		90,565	-51,816	23,908	189,460	-26,071	-11,888	63,717	106,400
Creditors	102,266	-62,926	34,652	-151,026	119,551	-116,085		41,631	90,469	-234,755	151,067	-53,375	65,659	136,338
Accruals and Deferred Income	-256,603	135,725	-8,049	247,786	268,200	7,649		-10,035	-42,186	354,277
Deferred Taxes & Provisions						355		1,502				-2,378	2,378
Cash flow from operations	-1,863,072	187,203	492,813	434,218	516,860	217,626	37,356	44,131	196,822	110,015	-27,017	-44,377	103,525	111,164	-84,475
Investing Activities
capital expenditure	1,126,872	-568,296	-733,262	-651,970	-517,736	-249,028	-36,560	-435,699	-383,445	-223,677	-112,220	-28,865	-3,609	-8,140	-20,435
Change in Investments
cash flow from investments	1,126,872	-568,296	-733,262	-651,970	-517,736	-249,028	-36,560	-435,699	-383,445	-223,677	-112,220	-28,865	-3,609	-8,140	-20,435
Financing Activities
Bank loans
Group/Directors Accounts												-11,934	11,934
Other Short Term Loans
Long term loans	-74,268	-110,010	-114,600	298,878
Hire Purchase and Lease Commitments
other long term liabilities	87,708	-309,984	5,679	-72,991	20,587	-24,087		370,838	31,833	113,661	-43,617	59,956		-113,818	113,818
share issue		1,634,428	167,600	86,862				25,000	140,000		75,600				21,200
interest	5,428	-12,431	-20,689	-11,049	-4,316	-2,785	-796	-974	-556	1	268	597	378	124	75
cash flow from financing	18,868	1,202,003	37,990	301,700	16,271	-26,872	-796	394,864	171,277	113,662	32,251	48,619	12,312	-113,694	135,093
cash and cash equivalents
cash	-746,620	753,993	-34,231	32,070	3,024	-236		-2,368	2,587		-106,986	-24,623	112,228	-10,669	30,183
overdraft	-29,288	-66,918	168,228	-51,879	-12,371	58,038		-5,664	17,934
change in cash	-717,332	820,911	-202,459	83,949	15,395	-58,274		3,296	-15,347		-106,986	-24,623	112,228	-10,669	30,183

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TANGENT 90 LIMITED group structure

Tangent 90 Limited has no subsidiary companies.

Ultimate parent company

TANGENT 90 LIMITED

06995868

TANGENT 90 LIMITED Shareholders

veeva systems inc	23.17%
peter west	18.83%
johannes van den burg	17.72%
dominic james fisk	14.12%
richard michael lucas	9.41%
lindsay lucas	9.41%
maria fisk	4.71%
alex flynn	0.52%
zach reynolds	0.39%
mooi yap choy	0.26%

Tangent 90 Limited currently has 4 directors. The longest serving directors include Mr Dominic Fisk (Aug 2009) and Mr Richard Lucas (Oct 2009).

officer	country	age	start	end	role
Mr Dominic Fisk		55 years	Aug 2009	-	Director
Mr Richard Lucas		56 years	Oct 2009	-	Director
Mr Peter West	England	66 years	Nov 2009	-	Director
Mr Johannes Van Den Burg	England	60 years	Jan 2021	-	Director

P&L

December 2023

turnover

2.8m

-14%

operating profit

-2.5m

gross margin

51.3%

-1.76%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

283.8k

-0.9%

total assets

1.4m

-0.65%

cash

8.4k

-0.99%

net assets

Total assets minus all liabilities

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company number

06995868

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

August 2009

ultimate parent company

None

previous names

N/A

address

95 mortimer street, london, W1W 7GB

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tangent 90 limited Company Information

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