t & t auctions limited

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t & t auctions limited Company Information

Share T & T AUCTIONS LIMITED

Company Number

07891890

Shareholders

claudia cook

james cook

Group Structure

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Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

 

Registered Address

cassidys limited, south stour offices, south stour, ashford, kent, TN25 7HS

t & t auctions limited Estimated Valuation

£466.9k

Pomanda estimates the enterprise value of T & T AUCTIONS LIMITED at £466.9k based on a Turnover of £1.2m and 0.4x industry multiple (adjusted for size and gross margin).

t & t auctions limited Estimated Valuation

£265.5k

Pomanda estimates the enterprise value of T & T AUCTIONS LIMITED at £265.5k based on an EBITDA of £70.2k and a 3.78x industry multiple (adjusted for size and gross margin).

t & t auctions limited Estimated Valuation

£199.3k

Pomanda estimates the enterprise value of T & T AUCTIONS LIMITED at £199.3k based on Net Assets of £76.9k and 2.59x industry multiple (adjusted for liquidity).

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T & T Auctions Limited Overview

T & T Auctions Limited is a live company located in ashford, TN25 7HS with a Companies House number of 07891890. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in December 2011, it's largest shareholder is claudia cook with a 50% stake. T & T Auctions Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with low growth in recent years.

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T & T Auctions Limited Health Check

Pomanda's financial health check has awarded T & T Auctions Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.2m, make it smaller than the average company (£9.7m)

£1.2m - T & T Auctions Limited

£9.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.7%)

4% - T & T Auctions Limited

7.7% - Industry AVG

production

Production

with a gross margin of 42.5%, this company has a comparable cost of product (42.5%)

42.5% - T & T Auctions Limited

42.5% - Industry AVG

profitability

Profitability

an operating margin of 5.7% make it more profitable than the average company (4.6%)

5.7% - T & T Auctions Limited

4.6% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (43)

3 - T & T Auctions Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.4k, the company has an equivalent pay structure (£29.4k)

£29.4k - T & T Auctions Limited

£29.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £388.6k, this is more efficient (£167.2k)

£388.6k - T & T Auctions Limited

£167.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 41 days, this is later than average (14 days)

41 days - T & T Auctions Limited

14 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - T & T Auctions Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (99 days)

8 days - T & T Auctions Limited

99 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (20 weeks)

31 weeks - T & T Auctions Limited

20 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 (57.8%)

73.6% - T & T Auctions Limited

57.8% - Industry AVG

T & T AUCTIONS LIMITED financials

EXPORTms excel logo

T & T Auctions Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £76.9 thousand. According to their latest financial statements, T & T Auctions Limited has 3 employees and maintains cash reserves of £105.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Turnover1,165,661547,307243,1401,037,483246,613257,240242,312235,0001,471,250284,2141,540,885
Other Income Or Grants
Cost Of Sales670,014320,609143,757616,871144,570151,306139,065140,332884,158170,487945,268
Gross Profit495,647226,69799,383420,611102,043105,934103,24794,668587,092113,727595,617
Admin Expenses429,202191,380105,658401,263107,145108,629101,56387,449-361585,921107,076598,513
Operating Profit66,44535,317-6,27519,348-5,102-2,6951,6847,2193611,1716,651-2,896
Interest Payable6,3516,9155,1673,7091,592571305497517
Interest Receivable5,5143,58423353231184124643335281
Pre-Tax Profit65,60831,986-11,20915,693-6,462-3,0811,5026,786-1231,2066,679-2,895
Tax-16,402-6,077-2,982-285-1,357-253-1,536
Profit After Tax49,20625,909-11,20912,711-6,462-3,0811,2175,429-1239535,143-2,895
Dividends Paid
Retained Profit49,20625,909-11,20912,711-6,462-3,0811,2175,429-1239535,143-2,895
Employee Costs88,28681,74676,14847,02448,73547,23246,46943,752279,40159,400262,955
Number Of Employees3332222214313
EBITDA*70,15136,947-4,22120,113-4,269-7383,7409,5901,92812,27316,4026,271

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Tangible Assets6,2645,8577,0681,7982,2982,5243,8975,9534,6675,8091,753
Intangible Assets6,4009,16618,333
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets12,6645,8577,0681,7982,2982,5243,8975,9534,6675,80910,91918,333
Stock & work in progress15,00010,0008,0003,000
Trade Debtors131,61946,1479,676107,24269,96110,75578,211
Group Debtors80,320
Misc Debtors26,4251,6049,35256,009102,45995,701108,403126,298
Cash105,314104,754100,06886,44820,35041,3567,79741,8169,7143,41710,731480
misc current assets
total current assets278,358162,505127,096252,699122,809137,057116,200122,136136,01273,37821,48678,691
total assets291,022168,362134,164254,497125,107139,581120,097128,089140,67979,18732,40597,024
Bank overdraft11,88811,47721,20512,05836,1061,9491,876
Bank loan
Trade Creditors 75,88630,05799,819
Group/Directors Accounts116,162104,504
other short term finances15,910
hp & lease commitments
other current liabilities162,46177,82248,656159,21184,696124,843100,1433,32017,087
total current liabilities174,34989,29969,861171,269120,802126,792102,019119,482137,50175,88630,05799,819
loans38,83150,71962,17869,8943,5445,5667,514
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions944652342342480480740
total long term liabilities39,77551,37162,52070,2364,0246,0468,254
total liabilities214,124140,670132,381241,505124,826132,838110,273119,482137,50175,88630,05799,819
net assets76,89827,6921,78312,9922816,7439,8248,6073,1783,3012,348-2,795
total shareholders funds76,89827,6921,78312,9922816,7439,8248,6073,1783,3012,348-2,795
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Operating Activities
Operating Profit66,44535,317-6,27519,348-5,102-2,6951,6847,2193611,1716,651-2,896
Depreciation2,1061,6302,0547658331,9572,0562,3711,5671,936584
Amortisation1,6009,1669,1679,167
Tax-16,402-6,077-2,982-285-1,357-253-1,536
Stock5,0002,0005,0003,000
Debtors110,29328,723-144,22360,7926,758-12,70228,083-45,97856,33759,206-67,45678,211
Creditors-75,88645,829-69,76299,819
Accruals and Deferred Income84,63929,166-110,55574,515-40,14724,70096,823-13,76717,087
Deferred Taxes & Provisions292310-138-260740
Cash flow from operations23,38729,62324,44727,716-51,17436,40472,93540,444-113,208-1,35712,56027,879
Investing Activities
capital expenditure-10,513-419-7,324-265-607-584-3,657-425-5,992-2,337-27,500
Change in Investments
cash flow from investments-10,513-419-7,324-265-607-584-3,657-425-5,992-2,337-27,500
Financing Activities
Bank loans
Group/Directors Accounts-116,16211,658104,504
Other Short Term Loans -15,91015,910
Long term loans-11,888-11,459-7,71666,350-2,022-1,9487,514
Hire Purchase and Lease Commitments
other long term liabilities
share issue100
interest-837-3,331-4,934-3,656-1,361-387-181-433-48435281
cash flow from financing-12,725-14,790-12,65062,694-3,383-2,335-108,829-4,685119,9303528101
cash and cash equivalents
cash5604,68613,62066,098-21,00633,559-34,01932,1026,297-7,31410,251480
overdraft411-9,7289,147-24,04834,157731,876
change in cash14914,4144,47390,146-55,16333,486-35,89532,1026,297-7,31410,251480

t & t auctions 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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T & T Auctions Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for t & t auctions limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in TN25 area or any other competitors across 12 key performance metrics.

t & t auctions limited Ownership

T & T AUCTIONS LIMITED group structure

T & T Auctions Limited has no subsidiary companies.

Ultimate parent company

T & T AUCTIONS LIMITED

07891890

T & T AUCTIONS LIMITED Shareholders

claudia cook 50%
james cook 50%

t & t auctions limited directors

T & T Auctions Limited currently has 2 directors. The longest serving directors include Mr James Cook (Dec 2011) and Mrs Claudia Cook (Aug 2022).

officercountryagestartendrole
Mr James CookEngland42 years Dec 2011- Director
Mrs Claudia CookEngland43 years Aug 2022- Director

P&L

December 2023

turnover

1.2m

+113%

operating profit

66.4k

0%

gross margin

42.6%

+2.66%

turnover

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

Balance Sheet

December 2023

net assets

76.9k

+1.78%

total assets

291k

+0.73%

cash

105.3k

+0.01%

net assets

Total assets minus all liabilities

t & t auctions limited company details

company number

07891890

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

December 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

t & t 2011 limited (January 2012)

accountant

CASSIDYS CHARTERED ACCOUNTANTS

auditor

-

address

cassidys limited, south stour offices, south stour, ashford, kent, TN25 7HS

Bank

-

Legal Advisor

-

t & t auctions 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 t & t auctions limited.

t & t auctions 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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t & t auctions limited Companies House Filings - See Documents

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