teemill tech ltd
teemill tech ltd Company Information
Company Number
07071956
Next Accounts
Sep 2025
Shareholders
martin drake-knight
robert drake-knight
View AllGroup Structure
View All
Industry
Business and domestic software development
+3Registered Address
rapanui clothing hooke hill, freshwater, isle of wight, PO40 9BG
Website
http://rapanuiclothing.comteemill tech ltd Estimated Valuation
Pomanda estimates the enterprise value of TEEMILL TECH LTD at £18.8m based on a Turnover of £19.8m and 0.95x industry multiple (adjusted for size and gross margin).
teemill tech ltd Estimated Valuation
Pomanda estimates the enterprise value of TEEMILL TECH LTD at £969.7k based on an EBITDA of £174.5k and a 5.56x industry multiple (adjusted for size and gross margin).
teemill tech ltd Estimated Valuation
Pomanda estimates the enterprise value of TEEMILL TECH LTD at £6.8m based on Net Assets of £3m and 2.31x industry multiple (adjusted for liquidity).
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Teemill Tech Ltd Overview
Teemill Tech Ltd is a live company located in isle of wight, PO40 9BG with a Companies House number of 07071956. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in November 2009, it's largest shareholder is martin drake-knight with a 39.1% stake. Teemill Tech Ltd is a established, mid sized company, Pomanda has estimated its turnover at £19.8m with rapid growth in recent years.
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Teemill Tech Ltd Health Check
Pomanda's financial health check has awarded Teemill Tech Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £19.8m, make it larger than the average company (£6.2m)
£19.8m - Teemill Tech Ltd
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (8.3%)
- Teemill Tech Ltd
8.3% - Industry AVG
Production
with a gross margin of 37.7%, this company has a higher cost of product (60.6%)
37.7% - Teemill Tech Ltd
60.6% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (4.3%)
-0.8% - Teemill Tech Ltd
4.3% - Industry AVG
Employees
with 181 employees, this is above the industry average (42)
181 - Teemill Tech Ltd
42 - Industry AVG
Pay Structure
on an average salary of £25.7k, the company has a lower pay structure (£59.9k)
£25.7k - Teemill Tech Ltd
£59.9k - Industry AVG
Efficiency
resulting in sales per employee of £109.3k, this is less efficient (£144k)
£109.3k - Teemill Tech Ltd
£144k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (47 days)
3 days - Teemill Tech Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is slower than average (36 days)
49 days - Teemill Tech Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 100 days, this is more than average (50 days)
100 days - Teemill Tech Ltd
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (17 weeks)
35 weeks - Teemill Tech Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.5%, this is a similar level of debt than the average (62.2%)
66.5% - Teemill Tech Ltd
62.2% - Industry AVG
TEEMILL TECH LTD financials
Teemill Tech Ltd's latest turnover from December 2023 is £19.8 million and the company has net assets of £3 million. According to their latest financial statements, Teemill Tech Ltd has 181 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,776,824 | 14,524,714 | 16,519,939 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 12,313,183 | 8,624,594 | 9,100,721 | |||||||||||
| Gross Profit | 7,463,641 | 5,900,120 | 7,419,218 | |||||||||||
| Admin Expenses | 7,629,355 | 6,397,126 | 6,292,424 | |||||||||||
| Operating Profit | -165,714 | -497,006 | 1,126,794 | |||||||||||
| Interest Payable | 40,006 | 30,470 | 26,520 | |||||||||||
| Interest Receivable | 1,289 | 149 | 94 | |||||||||||
| Pre-Tax Profit | -204,431 | -527,327 | 1,100,368 | |||||||||||
| Tax | -261 | 284,541 | -162,596 | |||||||||||
| Profit After Tax | -204,692 | -242,786 | 937,772 | |||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -204,692 | -242,786 | 937,772 | |||||||||||
| Employee Costs | 4,653,031 | 3,355,023 | 2,471,490 | |||||||||||
| Number Of Employees | 181 | 145 | 152 | 126 | 84 | 64 | 46 | 27 | 19 | |||||
| EBITDA* | 174,530 | -168,200 | 1,416,202 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,682,566 | 1,575,961 | 1,840,185 | 1,577,617 | 1,267,547 | 867,921 | 806,888 | 731,959 | 126,547 | 92,918 | 15,302 | 4,863 | 3,862 | 2,025 |
| Intangible Assets | 76,578 | 92,020 | 44,292 | 643 | ||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 5,277 | |||||||||||||
| Total Fixed Assets | 1,759,144 | 1,667,981 | 1,884,477 | 1,583,537 | 1,267,547 | 867,921 | 806,888 | 731,959 | 126,547 | 92,918 | 15,302 | 4,863 | 3,862 | 2,025 |
| Stock & work in progress | 3,394,399 | 2,960,685 | 2,828,810 | 1,139,284 | 759,057 | 492,780 | 411,275 | 187,895 | 172,400 | 104,919 | 27,114 | 23,329 | 31,532 | 9,721 |
| Trade Debtors | 184,756 | 10,136 | 2,007 | 38,051 | 165,470 | 46,864 | 56,768 | 20,841 | 41,903 | 23,125 | 13,602 | 8,575 | 213 | |
| Group Debtors | ||||||||||||||
| Misc Debtors | 247,249 | 378,546 | 292,956 | 123,914 | 16,781 | 15,907 | 41,335 | 5,752 | 11,964 | |||||
| Cash | 3,259,621 | 2,770,923 | 2,887,108 | 4,956,323 | 1,953,837 | 1,226,737 | 630,834 | 370,947 | 194,250 | 37,422 | 11,835 | 3,409 | 16,426 | 1,175 |
| misc current assets | ||||||||||||||
| total current assets | 7,086,025 | 6,120,290 | 6,008,874 | 6,221,528 | 2,767,726 | 1,900,894 | 1,130,308 | 621,362 | 399,455 | 184,244 | 62,074 | 40,340 | 56,533 | 11,109 |
| total assets | 8,845,169 | 7,788,271 | 7,893,351 | 7,805,065 | 4,035,273 | 2,768,815 | 1,937,196 | 1,353,321 | 526,002 | 277,162 | 77,376 | 45,203 | 60,395 | 13,134 |
| Bank overdraft | 386 | 11,863 | ||||||||||||
| Bank loan | 84,744 | 88,520 | 89,885 | 27,353 | 18,462 | 8,991 | 8,492 | |||||||
| Trade Creditors | 1,678,891 | 1,736,966 | 1,352,509 | 942,813 | 354,170 | 364,865 | 186,755 | 158,289 | 44,893 | 78,124 | 118,560 | 75,811 | 76,927 | 10,294 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 96,116 | 76,306 | 108,358 | 118,756 | 105,476 | |||||||||
| other current liabilities | 2,889,812 | 1,401,734 | 1,892,952 | 3,244,323 | 1,628,876 | 739,185 | 397,127 | 199,664 | 92,858 | |||||
| total current liabilities | 4,749,563 | 3,303,526 | 3,443,704 | 4,333,245 | 2,106,984 | 1,113,041 | 592,760 | 369,816 | 137,751 | 78,124 | 118,560 | 75,811 | 76,927 | 10,294 |
| loans | 420,581 | 496,041 | 577,710 | 664,891 | 442,244 | 326,070 | 335,061 | 343,577 | ||||||
| hp & lease commitments | 132,088 | 21,227 | 98,672 | |||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 448,200 | 672,300 | 84,767 | 124,677 | 81,400 | 78,672 | 94,079 | 38,000 | ||||||
| provisions | 131,173 | 126,921 | 362,223 | 248,892 | 101,000 | 72,720 | 59,843 | 47,464 | 74,928 | 36,925 | 425 | 425 | 425 | 425 |
| total long term liabilities | 1,132,042 | 1,316,489 | 1,038,605 | 998,550 | 667,921 | 480,190 | 473,576 | 485,120 | 112,928 | 36,925 | 425 | 425 | 425 | 425 |
| total liabilities | 5,881,605 | 4,620,015 | 4,482,309 | 5,331,795 | 2,774,905 | 1,593,231 | 1,066,336 | 854,936 | 250,679 | 115,049 | 118,985 | 76,236 | 77,352 | 10,719 |
| net assets | 2,963,564 | 3,168,256 | 3,411,042 | 2,473,270 | 1,260,368 | 1,175,584 | 870,860 | 498,385 | 275,323 | 162,113 | -41,609 | -31,033 | -16,957 | 2,415 |
| total shareholders funds | 2,963,564 | 3,168,256 | 3,411,042 | 2,473,270 | 1,260,368 | 1,175,584 | 870,860 | 498,385 | 275,323 | 162,113 | -41,609 | -31,033 | -16,957 | 2,415 |
| Dec 2023 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -165,714 | -497,006 | 1,126,794 | |||||||||||
| Depreciation | 318,957 | 314,793 | 285,647 | 155,058 | 147,911 | 113,867 | 91,026 | 69,830 | 54,239 | 34,915 | 6,360 | 2,511 | 1,512 | 674 |
| Amortisation | 21,287 | 14,013 | 3,761 | |||||||||||
| Tax | -261 | 284,541 | -162,596 | |||||||||||
| Stock | 433,714 | 131,875 | 1,689,526 | 380,227 | 266,277 | 81,505 | 223,380 | 15,495 | 67,481 | 77,805 | 3,785 | -8,203 | 21,811 | 9,721 |
| Debtors | 43,323 | 95,726 | 161,758 | 76,366 | -126,545 | 93,178 | 25,679 | 29,715 | -9,098 | 18,778 | 9,523 | 5,027 | 8,362 | 213 |
| Creditors | -58,075 | 384,457 | 409,696 | 588,643 | -10,695 | 178,110 | 28,466 | 113,396 | -33,231 | -40,436 | 42,749 | -1,116 | 66,633 | 10,294 |
| Accruals and Deferred Income | 1,488,078 | -491,218 | -1,351,371 | 1,615,447 | 889,691 | 342,058 | 197,463 | 106,806 | 92,858 | |||||
| Deferred Taxes & Provisions | 4,252 | -235,302 | 113,331 | 147,892 | 28,280 | 12,877 | 12,379 | -27,464 | 38,003 | 36,500 | 425 | |||
| Cash flow from operations | 1,131,487 | -453,323 | -1,426,022 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -3,776 | -1,365 | 62,532 | 8,891 | 9,471 | 499 | 8,492 | |||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -75,460 | -81,669 | -87,181 | 222,647 | 116,174 | -8,991 | -8,516 | 343,577 | ||||||
| Hire Purchase and Lease Commitments | 130,671 | -109,497 | 88,274 | 13,280 | 105,476 | |||||||||
| other long term liabilities | -224,100 | 672,300 | -84,767 | -39,910 | 43,277 | 2,728 | -15,407 | 56,079 | 38,000 | |||||
| share issue | ||||||||||||||
| interest | -38,717 | -30,321 | -26,426 | |||||||||||
| cash flow from financing | -211,382 | 449,448 | -47,568 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 488,698 | -116,185 | -2,069,215 | 3,002,486 | 727,100 | 595,903 | 259,887 | 176,697 | 156,828 | 25,587 | 8,426 | -13,017 | 15,251 | 1,175 |
| overdraft | -386 | -11,477 | 11,863 | |||||||||||
| change in cash | 488,698 | -116,185 | -2,069,215 | 3,002,486 | 727,100 | 596,289 | 271,364 | 164,834 | 156,828 | 25,587 | 8,426 | -13,017 | 15,251 | 1,175 |
teemill tech ltd Credit Report and Business Information
Teemill Tech Ltd Competitor Analysis
Perform a competitor analysis for teemill tech ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in PO40 area or any other competitors across 12 key performance metrics.
teemill tech ltd Ownership
TEEMILL TECH LTD group structure
Teemill Tech Ltd has no subsidiary companies.
Ultimate parent company
TEEMILL TECH LTD
07071956
teemill tech ltd directors
Teemill Tech Ltd currently has 5 directors. The longest serving directors include Mr Robert Drake-Knight (Nov 2009) and Mr Martin Drake-Knight (Nov 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Drake-Knight | England | 40 years | Nov 2009 | - | Director |
| Mr Martin Drake-Knight | England | 38 years | Nov 2009 | - | Director |
| Mr William Hobhouse | England | 68 years | Feb 2014 | - | Director |
| Mr Robin Howard | England | 67 years | Feb 2019 | - | Director |
| Mr Jocelyn Bleriot | England | 54 years | May 2021 | - | Director |
P&L
December 2023turnover
19.8m
+36%
operating profit
-165.7k
-67%
gross margin
37.8%
-7.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3m
-0.06%
total assets
8.8m
+0.14%
cash
3.3m
+0.18%
net assets
Total assets minus all liabilities
teemill tech ltd company details
company number
07071956
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
58290 - Other software publishing
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
November 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
rapanui clothing limited (February 2018)
accountant
-
auditor
MENZIES LLP
address
rapanui clothing hooke hill, freshwater, isle of wight, PO40 9BG
Bank
LLOYDS BANK, LLOYDS BANK, LLOYDS BANK
Legal Advisor
-
teemill tech ltd 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 5 charges/mortgages relating to teemill tech ltd. Currently there are 3 open charges and 2 have been satisfied in the past.
teemill tech ltd 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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teemill tech ltd Companies House Filings - See Documents
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