tictrac limited

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tictrac limited Company Information

Share TICTRAC LIMITED

Company Number

07400167

Directors

Mark Noble

Navaid Mansuri

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Shareholders

dialogue health technologies inc.

Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

1st floor one suffolk way, sevenoaks, kent, TN13 1YL

tictrac limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of TICTRAC LIMITED at £7.4m based on a Turnover of £6.3m and 1.17x industry multiple (adjusted for size and gross margin).

tictrac limited Estimated Valuation

£31.2m

Pomanda estimates the enterprise value of TICTRAC LIMITED at £31.2m based on an EBITDA of £4.1m and a 7.54x industry multiple (adjusted for size and gross margin).

tictrac limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of TICTRAC LIMITED at £3.9m based on Net Assets of £1.8m and 2.17x industry multiple (adjusted for liquidity).

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Tictrac Limited Overview

Tictrac Limited is a live company located in kent, TN13 1YL with a Companies House number of 07400167. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 2010, it's largest shareholder is dialogue health technologies inc. with a 100% stake. Tictrac Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.3m with rapid growth in recent years.

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Tictrac Limited Health Check

Pomanda's financial health check has awarded Tictrac Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £6.3m, make it in line with the average company (£7.4m)

£6.3m - Tictrac Limited

£7.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (8%)

32% - Tictrac Limited

8% - Industry AVG

production

Production

with a gross margin of 93.8%, this company has a lower cost of product (51.3%)

93.8% - Tictrac Limited

51.3% - Industry AVG

profitability

Profitability

an operating margin of 65.2% make it more profitable than the average company (3.5%)

65.2% - Tictrac Limited

3.5% - Industry AVG

employees

Employees

with 16 employees, this is below the industry average (44)

16 - Tictrac Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £121.7k, the company has a higher pay structure (£74.4k)

£121.7k - Tictrac Limited

£74.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £395.4k, this is more efficient (£178.8k)

£395.4k - Tictrac Limited

£178.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (52 days)

1 days - Tictrac Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 45 days, this is slower than average (33 days)

45 days - Tictrac Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tictrac Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)

2 weeks - Tictrac Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 73.6%, this is a higher level of debt than the average (64.2%)

73.6% - Tictrac Limited

64.2% - Industry AVG

TICTRAC LIMITED financials

EXPORTms excel logo

Tictrac Limited's latest turnover from December 2023 is £6.3 million and the company has net assets of £1.8 million. According to their latest financial statements, Tictrac Limited has 16 employees and maintains cash reserves of £209.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Oct 2014Oct 2013Oct 2012Oct 2011
Turnover6,326,4712,063,3963,711,3002,740,5612,998,3421,754,3082,294,1864,277,184196,879952,188597,469162,317
Other Income Or Grants
Cost Of Sales391,278449,6101,758,2911,312,8391,438,764827,2841,080,4601,997,25292,838450,446277,43476,016
Gross Profit5,935,1931,613,7861,953,0091,427,7221,559,578927,0241,213,7262,279,932104,040501,742320,03586,300
Admin Expenses1,810,2055,420,9424,553,3172,866,8393,052,3552,222,5412,091,4864,401,8021,897,970575,534903,520374,5237,853
Operating Profit4,124,988-3,807,156-2,600,308-1,439,117-1,492,777-1,295,517-877,760-2,121,870-1,793,930-73,792-583,485-288,223-7,853
Interest Payable91,02537,905192,788407,850194,519
Interest Receivable526,4812,0791,1102,4961,4081606341,1572,7572,212
Pre-Tax Profit4,033,963-3,845,009-2,593,827-1,629,826-1,899,517-1,487,541-876,352-2,121,710-1,793,296-72,635-580,728-286,011-7,853
Tax20,32475,151
Profit After Tax4,054,287-3,769,858-2,593,827-1,629,826-1,899,517-1,487,541-876,352-2,121,710-1,793,296-72,635-580,728-286,011-7,853
Dividends Paid
Retained Profit4,054,287-3,769,858-2,593,827-1,629,826-1,899,517-1,487,541-876,352-2,121,710-1,793,296-72,635-580,728-286,011-7,853
Employee Costs1,947,9703,728,1672,020,2201,770,4361,354,5871,863,9502,354,5381,831,963110,152374,051252,969102,35549,348
Number Of Employees162230282231413327521
EBITDA*4,138,687-3,796,476-2,580,987-1,426,453-1,475,684-1,278,844-859,089-2,108,262-1,778,737-65,990-580,021-287,279-7,853

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Oct 2014Oct 2013Oct 2012Oct 2011
Tangible Assets13,01522,99631,64635,97820,76521,55331,75328,84825,22519,0029,4472,830
Intangible Assets
Investments & Other3333333333
Debtors (Due After 1 year)
Total Fixed Assets13,01523,02931,64635,97820,76521,58631,78628,88125,25819,0029,4472,830
Stock & work in progress
Trade Debtors31,76662,582546,511326,970517,89917,36073,844769,5006,786157,671108,76125,395
Group Debtors6,275,171
Misc Debtors198,881269,842677,260837,599594,903848,346514,792419,120252,2741,386
Cash209,80396,3271,107,7294,077,18780,956214,956450,512112,71114,974238,665224,310878,6495,979
misc current assets
total current assets6,715,621428,7512,331,5005,241,7561,193,7581,080,6621,039,1481,301,331274,034396,336333,071904,0447,365
total assets6,728,636451,7802,363,1465,277,7341,214,5231,102,2481,070,9341,330,212299,292415,338342,518906,8747,365
Bank overdraft
Bank loan
Trade Creditors 49,094253,461341,858198,539193,261144,47688,495129,431156,507186,26740,76224,390218
Group/Directors Accounts4,450,6541,612,98629,79816,23526,4294,017
other short term finances6,320,9085,490,112
hp & lease commitments
other current liabilities449,026854,193504,631968,5542,251,1181,121,4245,465,6262,315,467281,39114,894
total current liabilities4,948,7742,720,640846,4891,167,0938,765,2876,785,8105,570,3562,471,327441,915186,26740,76224,39015,112
loans273,423
hp & lease commitments
Accruals and Deferred Income
other liabilities2,633,2701,515,822149,966149,966149,966
provisions5,5656,2855,7705,7705,7705,7705,770
total long term liabilities5,5656,2855,7705,770279,1935,7702,639,0401,515,822149,966149,966149,966
total liabilities4,948,7742,726,205852,7741,172,8638,771,0577,065,0035,576,1265,110,3671,957,737336,233190,728174,35615,112
net assets1,779,862-2,274,4251,510,3724,104,871-7,556,534-5,962,755-4,505,192-3,780,155-1,658,44579,105151,790732,518-7,747
total shareholders funds1,779,862-2,274,4251,510,3724,104,871-7,556,534-5,962,755-4,505,192-3,780,155-1,658,44579,105151,790732,518-7,747
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Oct 2014Oct 2013Oct 2012Oct 2011
Operating Activities
Operating Profit4,124,988-3,807,156-2,600,308-1,439,117-1,492,777-1,295,517-877,760-2,121,870-1,793,930-73,792-583,485-288,223-7,853
Depreciation13,69910,68019,32112,66417,09316,67318,67113,60815,1937,8023,464944
Amortisation
Tax20,32475,151
Stock
Debtors6,173,394-891,34759,20251,767247,096277,070-599,984929,560101,38948,91083,36624,0091,386
Creditors-204,367-88,397143,3195,27848,78555,981-40,936-27,076-29,760145,50516,37224,172218
Accruals and Deferred Income-405,167349,562-463,923-1,282,5641,129,694-4,344,2023,150,1592,034,076281,391-14,89414,894
Deferred Taxes & Provisions-5,565-7205155,770
Cash flow from operations-2,629,482-2,569,533-2,960,278-2,755,506-544,301-5,844,1352,850,118-1,025,052-1,628,49530,605-647,015-302,0105,873
Investing Activities
capital expenditure-3,718-2,030-14,989-27,877-16,305-6,473-21,576-17,231-21,416-17,357-10,081-3,774
Change in Investments-3333-3333
cash flow from investments-3,685-2,063-14,989-27,877-16,272-6,473-21,576-17,231-21,449-17,357-10,081-3,774
Financing Activities
Bank loans
Group/Directors Accounts2,837,6681,612,986-29,79813,563-10,19422,4124,017
Other Short Term Loans -6,320,908830,7965,490,112
Long term loans-273,423273,423
Hire Purchase and Lease Commitments
other long term liabilities-2,633,2701,117,4481,365,856149,966
share issue-14,939-67213,291,231305,73829,978151,31555,746-501,026,276106
interest-91,025-37,8536,481-190,709-406,740-192,0231,4081606341,1572,7572,212
cash flow from financing2,746,6431,560,1945,8096,779,614426,5735,615,053-2,490,7411,140,0201,426,2531,1072,7571,178,454106
cash and cash equivalents
cash113,476-1,011,402-2,969,4583,996,231-134,000-235,556337,80197,737-223,69114,355-654,339872,6705,979
overdraft
change in cash113,476-1,011,402-2,969,4583,996,231-134,000-235,556337,80197,737-223,69114,355-654,339872,6705,979

tictrac limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tictrac Limited Competitor Analysis

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Perform a competitor analysis for tictrac limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in TN13 area or any other competitors across 12 key performance metrics.

tictrac limited Ownership

TICTRAC LIMITED group structure

Tictrac Limited has no subsidiary companies.

Ultimate parent company

TICTRAC LIMITED

07400167

TICTRAC LIMITED Shareholders

dialogue health technologies inc. 100%

tictrac limited directors

Tictrac Limited currently has 4 directors. The longest serving directors include Mr Mark Noble (Jun 2019) and Mr Navaid Mansuri (Apr 2022).

officercountryagestartendrole
Mr Mark NobleEngland53 years Jun 2019- Director
Mr Navaid MansuriCanada52 years Apr 2022- Director
Mr Richard MinerEngland65 years Nov 2024- Director
Mr Christopher BackhouseUnited Kingdom67 years Nov 2024- Director

P&L

December 2023

turnover

6.3m

+207%

operating profit

4.1m

-208%

gross margin

93.9%

+19.95%

turnover

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

Balance Sheet

December 2023

net assets

1.8m

-1.78%

total assets

6.7m

+13.89%

cash

209.8k

+1.18%

net assets

Total assets minus all liabilities

tictrac limited company details

company number

07400167

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

GRANT THORNTON UK LLP

address

1st floor one suffolk way, sevenoaks, kent, TN13 1YL

Bank

-

Legal Advisor

-

tictrac 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 tictrac limited.

tictrac 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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tictrac limited Companies House Filings - See Documents

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