tte technical (uk) ltd.
tte technical (uk) ltd. Company Information
Company Number
07175447
Website
http://tte.co.ukRegistered Address
edison house, middlesbrough road east, middlesbrough, TS6 6TZ
Industry
Other education n.e.c.
Telephone
01915692266
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
middlesbrough college 100%
tte technical (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of TTE TECHNICAL (UK) LTD. at £1.9m based on a Turnover of £2.5m and 0.79x industry multiple (adjusted for size and gross margin).
tte technical (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of TTE TECHNICAL (UK) LTD. at £2.4m based on an EBITDA of £502.2k and a 4.76x industry multiple (adjusted for size and gross margin).
tte technical (uk) ltd. Estimated Valuation
Pomanda estimates the enterprise value of TTE TECHNICAL (UK) LTD. at £1.8m based on Net Assets of £806.3k and 2.22x industry multiple (adjusted for liquidity).
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Tte Technical (uk) Ltd. Overview
Tte Technical (uk) Ltd. is a live company located in middlesbrough, TS6 6TZ with a Companies House number of 07175447. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in March 2010, it's largest shareholder is middlesbrough college with a 100% stake. Tte Technical (uk) Ltd. is a established, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.
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Tte Technical (uk) Ltd. Health Check
Pomanda's financial health check has awarded Tte Technical (Uk) Ltd. a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£513.1k)
£2.5m - Tte Technical (uk) Ltd.
£513.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.4%)
2% - Tte Technical (uk) Ltd.
4.4% - Industry AVG
Production
with a gross margin of 55.6%, this company has a comparable cost of product (55.6%)
55.6% - Tte Technical (uk) Ltd.
55.6% - Industry AVG
Profitability
an operating margin of 16.5% make it more profitable than the average company (5.1%)
16.5% - Tte Technical (uk) Ltd.
5.1% - Industry AVG
Employees
with 48 employees, this is above the industry average (14)
48 - Tte Technical (uk) Ltd.
14 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£28.7k)
£26.9k - Tte Technical (uk) Ltd.
£28.7k - Industry AVG
Efficiency
resulting in sales per employee of £51.1k, this is equally as efficient (£50.7k)
£51.1k - Tte Technical (uk) Ltd.
£50.7k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is later than average (19 days)
30 days - Tte Technical (uk) Ltd.
19 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (24 days)
6 days - Tte Technical (uk) Ltd.
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tte Technical (uk) Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is less cash available to meet short term requirements (114 weeks)
36 weeks - Tte Technical (uk) Ltd.
114 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.2%, this is a lower level of debt than the average (25.1%)
18.2% - Tte Technical (uk) Ltd.
25.1% - Industry AVG
TTE TECHNICAL (UK) LTD. financials
Tte Technical (Uk) Ltd.'s latest turnover from July 2023 is £2.5 million and the company has net assets of £806.3 thousand. According to their latest financial statements, Tte Technical (Uk) Ltd. has 48 employees and maintains cash reserves of £117.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Nov 2019 | Feb 2019 | Jul 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,452,894 | 3,898,678 | 3,110,310 | 2,283,088 | 183,263 | |||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | |||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | 291,772 | 723,857 | 140,770 | -192,792 | -94,530 | |||||||||
| Tax | 0 | 0 | 0 | 0 | 3,136 | |||||||||
| Profit After Tax | 291,772 | 723,857 | 140,770 | -192,792 | -91,394 | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||||||||
| Retained Profit | 291,772 | 723,857 | 140,770 | -192,792 | -91,394 | |||||||||
| Employee Costs | 1,292,878 | 1,784,953 | 1,561,471 | 1,475,034 | 150,476 | |||||||||
| Number Of Employees | 48 | 55 | 53 | 68 | 8 | 7 | 11 | 11 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Nov 2019 | Feb 2019 | Jul 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 128,441 | 224,940 | 322,215 | 421,120 | 15,445 | 19,382 | 22,432 | 38,332 | 58,218 | 76,723 | 87,135 | 74,032 | 21,485 | 2,313 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 128,441 | 224,940 | 322,215 | 421,120 | 15,445 | 19,382 | 22,432 | 38,332 | 58,218 | 76,723 | 87,135 | 74,032 | 21,485 | 2,313 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 205,812 | 96,296 | 102,520 | 148,124 | 32,692 | 44,398 | 54,525 | 0 | 15,484 | 26,189 | 12,082 | 5,859 | 49,263 | 26,447 |
| Group Debtors | 118,707 | 74,241 | 130,801 | 382,710 | 0 | 1,232 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 414,316 | 845,779 | 298,486 | 279,856 | 15,953 | 64,338 | 17,371 | 36,685 | 2,265 | 0 | 0 | 0 | 0 | 0 |
| Cash | 117,838 | 176,264 | 7,352 | 222,476 | 15,576 | 100,123 | 56,559 | 0 | 70,342 | 11,767 | 46,651 | 11,426 | 17,783 | 23,635 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 856,673 | 1,192,580 | 539,159 | 1,033,166 | 64,221 | 210,091 | 128,455 | 36,685 | 88,091 | 37,956 | 58,733 | 17,285 | 67,046 | 50,082 |
| total assets | 985,114 | 1,417,520 | 861,374 | 1,454,286 | 79,666 | 229,473 | 150,887 | 75,017 | 146,309 | 114,679 | 145,868 | 91,317 | 88,531 | 52,395 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,980 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,291 | 19,434 | 29,628 | 66,816 | 8,226 | 22,077 | 19,719 | 14,030 | 17,972 | 56,714 | 69,359 | 57,904 | 39,384 | 28,132 |
| Group/Directors Accounts | 21,300 | 26,300 | 28,300 | 1,239,708 | 0 | 39,206 | 0 | 0 | 28,476 | 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 | 3,367 | 3,367 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 129,464 | 258,028 | 234,457 | 327,768 | 40,355 | 42,575 | 58,649 | 57,436 | 54,987 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 169,055 | 303,762 | 292,385 | 1,634,292 | 48,581 | 103,858 | 78,368 | 81,813 | 104,802 | 56,714 | 69,359 | 57,904 | 39,384 | 28,132 |
| loans | 9,719 | 426,280 | 605,368 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 387 | 3,753 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 26,593 | 41,186 | 55,778 | 10,371 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,016 | 5,718 | 30,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 3,136 | 3,601 | 5,747 | 8,126 | 10,108 | 11,294 | 4,952 | 4,297 | 463 |
| total long term liabilities | 9,719 | 426,280 | 605,368 | 0 | 0 | 3,136 | 3,601 | 18,134 | 38,472 | 51,294 | 70,088 | 21,041 | 34,297 | 463 |
| total liabilities | 178,774 | 730,042 | 897,753 | 1,634,292 | 48,581 | 106,994 | 81,969 | 99,947 | 143,274 | 108,008 | 139,447 | 78,945 | 73,681 | 28,595 |
| net assets | 806,340 | 687,478 | -36,379 | -180,006 | 31,085 | 122,479 | 68,918 | -24,930 | 3,035 | 6,671 | 6,421 | 12,372 | 14,850 | 23,800 |
| total shareholders funds | 806,340 | 687,478 | -36,379 | -180,006 | 31,085 | 122,479 | 68,918 | -24,930 | 3,035 | 6,671 | 6,421 | 12,372 | 14,850 | 23,800 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Nov 2019 | Feb 2019 | Jul 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 96,499 | 97,275 | 97,322 | 74,880 | 3,937 | 3,050 | 15,900 | 19,886 | 23,888 | 23,698 | 23,777 | 7,290 | 2,430 | 531 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 3,136 | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -277,481 | 484,509 | -278,883 | 762,045 | -23,251 | 38,072 | 35,211 | 18,936 | -8,440 | 14,107 | 6,223 | -43,404 | 22,816 | 26,447 |
| Creditors | -1,143 | -10,194 | -37,188 | 58,590 | -11,493 | 2,358 | 5,689 | -3,942 | -38,742 | -12,645 | 11,455 | 18,520 | 11,252 | 28,132 |
| Accruals and Deferred Income | -128,564 | 23,571 | -93,311 | 287,413 | -18,294 | -16,074 | -10,787 | -12,144 | 40,394 | -14,592 | 45,407 | 10,371 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -3,601 | -465 | -2,146 | -2,379 | -1,982 | -1,186 | 6,342 | 655 | 3,834 | 463 |
| Cash flow from operations | ||||||||||||||
| 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 | -5,000 | -2,000 | -1,211,408 | 1,239,708 | 0 | 39,206 | 0 | -28,476 | 28,476 | 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 | -416,561 | -179,088 | 605,368 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -3,754 | -3,366 | 7,120 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,016 | -2,702 | -24,282 | 30,000 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | |||||||||
| cash flow from financing | -594,471 | -181,088 | -603,183 | 1,221,409 | 53,561 | |||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -58,426 | 168,912 | -215,124 | 206,900 | -40,983 | 43,564 | 56,559 | -70,342 | 58,575 | -34,884 | 35,225 | -6,357 | -5,852 | 23,635 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -6,980 | 6,980 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -58,426 | 168,912 | -215,124 | 206,900 | -40,983 | 43,564 | 63,539 | -77,322 | 58,575 | -34,884 | 35,225 | -6,357 | -5,852 | 23,635 |
tte technical (uk) ltd. Credit Report and Business Information
Tte Technical (uk) Ltd. Competitor Analysis
Perform a competitor analysis for tte technical (uk) ltd. by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in TS6 area or any other competitors across 12 key performance metrics.
tte technical (uk) ltd. Ownership
TTE TECHNICAL (UK) LTD. group structure
Tte Technical (Uk) Ltd. has no subsidiary companies.
Ultimate parent company
FURTHER EDUCATION CORP OF MIDDLESBROUGH
#0118016
MIDDLESBROUGH COLLEGE
#0036596
2 parents
TTE TECHNICAL (UK) LTD.
07175447
tte technical (uk) ltd. directors
Tte Technical (Uk) Ltd. currently has 2 directors. The longest serving directors include Mrs Zoe Lewis (Dec 2019) and Mr Robert Davies (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Zoe Lewis | England | 52 years | Dec 2019 | - | Director |
| Mr Robert Davies | 70 years | Dec 2019 | - | Director |
P&L
July 2023turnover
2.5m
-37%
operating profit
405.7k
0%
gross margin
55.6%
-1.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
806.3k
+0.17%
total assets
985.1k
-0.31%
cash
117.8k
-0.33%
net assets
Total assets minus all liabilities
tte technical (uk) ltd. company details
company number
07175447
Type
Private limited with Share Capital
industry
85590 - Other education n.e.c.
incorporation date
March 2010
age
14
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
July 2023
previous names
infinite learning and development ltd (December 2019)
accountant
-
auditor
MAZARS LLP
address
edison house, middlesbrough road east, middlesbrough, TS6 6TZ
Bank
-
Legal Advisor
-
tte technical (uk) 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 did not find charges/mortgages relating to tte technical (uk) ltd..
tte technical (uk) ltd. Companies House Filings - See Documents
| date | description | view/download |
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