teric ltd
teric ltd Company Information
Company Number
07796346
Website
https://tericpower.comRegistered Address
20-22 wenlock road, london, N1 7GU
Industry
Business and domestic software development
Telephone
-
Next Accounts Due
July 2025
Group Structure
View All
Directors
Mark Plummer13 Years
Shareholders
mark plummer 100%
teric ltd Estimated Valuation
Pomanda estimates the enterprise value of TERIC LTD at £22k based on a Turnover of £35.4k and 0.62x industry multiple (adjusted for size and gross margin).
teric ltd Estimated Valuation
Pomanda estimates the enterprise value of TERIC LTD at £0 based on an EBITDA of £-185 and a 4.08x industry multiple (adjusted for size and gross margin).
teric ltd Estimated Valuation
Pomanda estimates the enterprise value of TERIC LTD at £0 based on Net Assets of £-796 and 2.37x industry multiple (adjusted for liquidity).
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Teric Ltd Overview
Teric Ltd is a live company located in london, N1 7GU with a Companies House number of 07796346. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2011, it's largest shareholder is mark plummer with a 100% stake. Teric Ltd is a established, micro sized company, Pomanda has estimated its turnover at £35.4k with rapid growth in recent years.
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Teric Ltd Health Check
Pomanda's financial health check has awarded Teric Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £35.4k, make it smaller than the average company (£3.4m)
- Teric Ltd
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 1616%, show it is growing at a faster rate (8.8%)
- Teric Ltd
8.8% - Industry AVG
Production
with a gross margin of 42.1%, this company has a higher cost of product (71.7%)
- Teric Ltd
71.7% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (3.8%)
- Teric Ltd
3.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (30)
1 - Teric Ltd
30 - Industry AVG
Pay Structure
on an average salary of £66.7k, the company has an equivalent pay structure (£66.7k)
- Teric Ltd
£66.7k - Industry AVG
Efficiency
resulting in sales per employee of £35.4k, this is less efficient (£113.6k)
- Teric Ltd
£113.6k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is earlier than average (61 days)
- Teric Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (41 days)
- Teric Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Teric Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Teric Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117.7%, this is a higher level of debt than the average (60%)
117.7% - Teric Ltd
60% - Industry AVG
TERIC LTD financials
Teric Ltd's latest turnover from October 2023 is estimated at £35.4 thousand and the company has net assets of -£796. According to their latest financial statements, Teric Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7 | 7 | 135 | 13,870 | ||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -184 | -184 | -58 | 806 | ||||||||
| Tax | 0 | 0 | 0 | 0 | ||||||||
| Profit After Tax | -184 | -184 | -58 | 806 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||||
| Retained Profit | -184 | -184 | -58 | 806 | ||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 1 | 1 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 101 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 101 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,503 | 4,568 | 4,633 | 4,698 | 4,763 | 4,700 | 1,893 | 1,937 | 2,004 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,174 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,503 | 4,568 | 4,633 | 4,698 | 4,763 | 4,700 | 1,893 | 1,937 | 2,004 | 1,174 | 0 | 0 |
| total assets | 4,504 | 4,569 | 4,633 | 4,698 | 4,764 | 4,701 | 1,894 | 1,938 | 2,005 | 1,175 | 101 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,399 | 3,279 | 3,159 | 3,040 | 2,920 | 2,799 | 800 | 680 | 1,459 | 473 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,399 | 3,279 | 3,159 | 3,040 | 2,920 | 2,799 | 800 | 680 | 1,459 | 473 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,001 | 1,001 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,901 | 1,001 | 1,001 | 0 | 0 |
| total liabilities | 5,300 | 5,180 | 5,060 | 4,941 | 4,821 | 4,700 | 2,701 | 2,581 | 2,460 | 1,474 | 0 | 0 |
| net assets | -796 | -611 | -427 | -243 | -57 | 1 | -807 | -643 | -455 | -299 | 101 | 0 |
| total shareholders funds | -796 | -611 | -427 | -243 | -57 | 1 | -807 | -643 | -455 | -299 | 101 | 0 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | 0 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -65 | -65 | -65 | -65 | 63 | 2,807 | -44 | -67 | 2,004 | 0 | 0 | 0 |
| Creditors | 120 | 120 | 119 | 120 | 121 | 1,999 | 120 | -779 | 986 | 473 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900 | 0 | 1,001 | 0 | 0 |
| share issue | ||||||||||||
| interest | 0 | 0 | 0 | 0 | ||||||||
| cash flow from financing | 0 | -2 | 0 | 2 | ||||||||
| cash and cash equivalents | ||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,174 | 1,174 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,174 | 1,174 | 0 | 0 |
teric ltd Credit Report and Business Information
Teric Ltd Competitor Analysis
Perform a competitor analysis for teric ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
teric ltd Ownership
TERIC LTD group structure
Teric Ltd has no subsidiary companies.
Ultimate parent company
TERIC LTD
07796346
teric ltd directors
Teric Ltd currently has 1 director, Mr Mark Plummer serving since Oct 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Plummer | England | 51 years | Oct 2011 | - | Director |
P&L
October 2023turnover
35.4k
+6%
operating profit
-185
0%
gross margin
42.1%
-2.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-796
+0.3%
total assets
4.5k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
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teric ltd company details
company number
07796346
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
October 2011
age
13
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
20-22 wenlock road, london, N1 7GU
Bank
-
Legal Advisor
-
teric 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 teric ltd.
teric ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
