Trough-tec Systems Limited

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trough-tec systems limited Company Information

Company Number

07688741

Next Accounts

Jan 2026

Directors

Michael Hird

Gary Elliott

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Shareholders

michael hird

lindsay harwood

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Group Structure

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Industry

Manufacture of other plastic products

Registered Address

leigh house, 28-32 st pauls street, leeds, west yorkshire, LS1 2JT

Website

http://trough-tecsystems.com

trough-tec systems limited Estimated Valuation

£10m

Pomanda estimates the enterprise value of TROUGH-TEC SYSTEMS LIMITED at £10m based on Net Assets of £6m and 1.67x industry multiple (adjusted for liquidity).

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Trough-tec Systems Limited is a live company located in leeds, LS1 2JT with a Companies House number of 07688741. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in June 2011, it's largest shareholder is michael hird with a 51% stake. Trough-tec Systems Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.8m with high growth in recent years.

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Pomanda's financial health check has awarded Trough-Tec Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £5.8m, make it smaller than the average company (£16.1m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (8.6%)

EXPORT

Trough-Tec Systems Limited's latest turnover from April 2024 is estimated at £5.8 million and the company has net assets of £6 million. According to their latest financial statements, Trough-Tec Systems Limited has 22 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Turnover	5,818,842	6,206,289	5,832,373	2,830,389	2,098,216	5,566,105	4,386,895	2,863,676	3,773,644	2,925,446	904,429	108,981
Other Income Or Grants
Cost Of Sales	4,180,305	4,583,930	4,181,779	2,029,211	1,508,491	4,031,352	3,105,230	2,007,551	2,652,439	2,085,523	646,992	78,133
Gross Profit	1,638,538	1,622,359	1,650,594	801,178	589,726	1,534,753	1,281,665	856,125	1,121,205	839,923	257,437	30,848
Admin Expenses	762,656	-767,694	637,209	456,641	290,954	764,053	52,780	835,817	710,548	808,979	209,437	63,216
Operating Profit	875,882	2,390,053	1,013,385	344,537	298,772	770,700	1,228,885	20,308	410,657	30,944	48,000	-32,368
Interest Payable				19	25	7
Interest Receivable	123,818	120,430	18,210	1,824	1,146	4,841	2,288	659	912	402	293	6
Pre-Tax Profit	999,700	2,510,483	1,031,595	346,342	299,893	775,535	1,231,173	20,967	411,569	31,346	48,292	-32,362
Tax	-249,925	-627,621	-196,003	-65,805	-56,980	-147,352	-233,923	-3,984	-82,314	-6,269	-10,141
Profit After Tax	749,775	1,882,862	835,592	280,537	242,913	628,183	997,250	16,983	329,255	25,077	38,151	-32,362
Dividends Paid
Retained Profit	749,775	1,882,862	835,592	280,537	242,913	628,183	997,250	16,983	329,255	25,077	38,151	-32,362
Employee Costs	847,628	864,991	517,891	366,682	325,162	320,149	312,614	271,932	260,050	690,446	224,004	27,450
Number Of Employees	22	24	15	11	10	10	10	9	9	24	8	1
EBITDA*	959,325	2,465,424	1,069,069	390,563	325,961	803,524	1,264,421	32,315	416,494	35,166	48,541	-32,221

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Tangible Assets	462,154	541,542	491,215	384,582	267,948	182,959	86,029	57,791	43,632	23,561	2,019	1,638
Intangible Assets
Investments & Other
Debtors (Due After 1 year)	114,549											7,841
Total Fixed Assets	576,703	541,542	491,215	384,582	267,948	182,959	86,029	57,791	43,632	23,561	2,019	9,479
Stock & work in progress	2,976,978	2,975,154	1,373,057	1,079,079	836,619	1,599,642	1,221,161	309,228	16,045	21,236
Trade Debtors	623,350	597,640	1,080,086	232,780	126,664	1,077,634	772,690	870,496	1,158,203	636,489	120,136	3,428
Group Debtors
Misc Debtors	744,723	122,537	85,496	82,909	86,598	83,624	62,672	23,956	19,322
Cash	1,965,493	2,751,398	2,915,892	1,940,189	1,708,627	583,741	707,111	208,153	318,821	46,063	114,670	2,479
misc current assets
total current assets	6,310,544	6,446,729	5,454,531	3,334,957	2,758,508	3,344,641	2,763,634	1,411,833	1,512,391	703,788	234,806	5,907
total assets	6,887,247	6,988,271	5,945,746	3,719,539	3,026,456	3,527,600	2,849,663	1,469,624	1,556,023	727,349	236,825	15,386
Bank overdraft					630	194
Bank loan
Trade Creditors	570,771	892,969	1,558,893	812,245	542,191	1,155,308	1,100,583	520,162	1,014,662	693,730	229,632	46,748
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	295,799	809,780	992,124	361,270	218,912	357,083	362,414	566,704	178,624
total current liabilities	866,570	1,702,749	2,551,017	1,173,515	761,733	1,512,585	1,462,997	1,086,866	1,193,286	693,730	229,632	46,748
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	25,461	40,081	32,150	19,037	18,273	11,478	11,312	4,654	1,616	1,753	404
total long term liabilities	25,461	40,081	32,150	19,037	18,273	11,478	11,312	4,654	1,616	1,753	404
total liabilities	892,031	1,742,830	2,583,167	1,192,552	780,006	1,524,063	1,474,309	1,091,520	1,194,902	695,483	230,036	46,748
net assets	5,995,216	5,245,441	3,362,579	2,526,987	2,246,450	2,003,537	1,375,354	378,104	361,121	31,866	6,789	-31,362
total shareholders funds	5,995,216	5,245,441	3,362,579	2,526,987	2,246,450	2,003,537	1,375,354	378,104	361,121	31,866	6,789	-31,362

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Operating Activities
Operating Profit	875,882	2,390,053	1,013,385	344,537	298,772	770,700	1,228,885	20,308	410,657	30,944	48,000	-32,368
Depreciation	83,443	75,371	55,684	46,026	27,189	32,824	35,536	12,007	5,837	4,222	541	147
Amortisation
Tax	-249,925	-627,621	-196,003	-65,805	-56,980	-147,352	-233,923	-3,984	-82,314	-6,269	-10,141
Stock	1,824	1,602,097	293,978	242,460	-763,023	378,481	911,933	293,183	-5,191	21,236
Debtors	762,445	-445,405	849,893	102,427	-947,996	325,896	-59,090	-283,073	541,036	516,353	108,867	11,269
Creditors	-322,198	-665,924	746,648	270,054	-613,117	54,725	580,421	-494,500	320,932	464,098	182,884	46,748
Accruals and Deferred Income	-513,981	-182,344	630,854	142,358	-138,171	-5,331	-204,290	388,080	178,624
Deferred Taxes & Provisions	-14,620	7,931	13,113	764	6,795	166	6,658	3,038	-137	1,349	404
Cash flow from operations	-905,668	-159,226	1,119,810	393,047	1,235,507	1,355	560,444	-85,161	297,754	-43,245	112,821	3,258
Investing Activities
capital expenditure	-4,055	-125,698	-162,317	-162,660	-112,178	-129,754	-63,774	-26,166	-25,908	-25,764	-922	-1,785
Change in Investments
cash flow from investments	-4,055	-125,698	-162,317	-162,660	-112,178	-129,754	-63,774	-26,166	-25,908	-25,764	-922	-1,785
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue												1,000
interest	123,818	120,430	18,210	1,805	1,121	4,834	2,288	659	912	402	293	6
cash flow from financing	123,818	120,430	18,210	1,805	1,121	4,834	2,288	659	912	402	293	1,006
cash and cash equivalents
cash	-785,905	-164,494	975,703	231,562	1,124,886	-123,370	498,958	-110,668	272,758	-68,607	112,191	2,479
overdraft				-630	436	194
change in cash	-785,905	-164,494	975,703	232,192	1,124,450	-123,564	498,958	-110,668	272,758	-68,607	112,191	2,479

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TROUGH-TEC SYSTEMS LIMITED group structure

Trough-Tec Systems Limited has no subsidiary companies.

Ultimate parent company

TROUGH-TEC SYSTEMS LIMITED

07688741

TROUGH-TEC SYSTEMS LIMITED Shareholders

michael hird	51%
lindsay harwood	44%
gary elliott	5%

Trough-Tec Systems Limited currently has 5 directors. The longest serving directors include Mr Michael Hird (Jun 2011) and Mr Gary Elliott (Apr 2013).

officer	country	age	start	end	role
Mr Michael Hird	United Kingdom	60 years	Jun 2011	-	Director
Mr Gary Elliott		63 years	Apr 2013	-	Director
Ms Lindsay Harwood	England	59 years	Aug 2013	-	Director
Ms Lucy Prior	England	48 years	Mar 2022	-	Director
Mr Kyle Butler		30 years	Mar 2023	-	Director

P&L

April 2024

turnover

5.8m

-6%

operating profit

875.9k

gross margin

28.2%

+7.72%

turnover

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

Balance Sheet

April 2024

net assets

+0.14%

total assets

6.9m

-0.01%

cash

-0.29%

net assets

Total assets minus all liabilities

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company number

07688741

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

June 2011

ultimate parent company

None

previous names

N/A

address

leigh house, 28-32 st pauls street, leeds, west yorkshire, LS1 2JT

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 trough-tec systems limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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trough-tec systems limited Company Information

trough-tec systems limited Estimated Valuation

trough-tec systems limited Estimated Valuation

trough-tec systems limited Estimated Valuation

Trough-tec Systems Limited Overview

Trough-tec Systems Limited Health Check

TROUGH-TEC SYSTEMS LIMITED financials

trough-tec systems limited Credit Report and Business Information

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trough-tec systems limited Ownership

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