t2 tea (uk) limited
t2 tea (uk) limited Company Information
Company Number
08356705
Next Accounts
133 days late
Shareholders
ekaterra holdco uk limited
Group Structure
View All
Industry
Tea processing
Registered Address
trafford park road, trafford park, manchester, M17 1NH
Website
http://unilever.co.ukt2 tea (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of T2 TEA (UK) LIMITED at £3.2m based on a Turnover of £5.5m and 0.58x industry multiple (adjusted for size and gross margin).
t2 tea (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of T2 TEA (UK) LIMITED at £0 based on an EBITDA of £-1.4m and a 3.95x industry multiple (adjusted for size and gross margin).
t2 tea (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of T2 TEA (UK) LIMITED at £0 based on Net Assets of £-42.8m and 1.36x industry multiple (adjusted for liquidity).
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T2 Tea (uk) Limited Overview
T2 Tea (uk) Limited is a live company located in manchester, M17 1NH with a Companies House number of 08356705. It operates in the tea processing sector, SIC Code 10831. Founded in January 2013, it's largest shareholder is ekaterra holdco uk limited with a 100% stake. T2 Tea (uk) Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.5m with declining growth in recent years.
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T2 Tea (uk) Limited Health Check
Pomanda's financial health check has awarded T2 Tea (Uk) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 9 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
9 Weak
Size
annual sales of £5.5m, make it smaller than the average company (£24.9m)
£5.5m - T2 Tea (uk) Limited
£24.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (-0.9%)
-13% - T2 Tea (uk) Limited
-0.9% - Industry AVG
Production
with a gross margin of 35.9%, this company has a lower cost of product (25.2%)
35.9% - T2 Tea (uk) Limited
25.2% - Industry AVG
Profitability
an operating margin of -26.7% make it less profitable than the average company (3.7%)
-26.7% - T2 Tea (uk) Limited
3.7% - Industry AVG
Employees
with 51 employees, this is below the industry average (123)
51 - T2 Tea (uk) Limited
123 - Industry AVG
Pay Structure
on an average salary of £17.5k, the company has a lower pay structure (£33.7k)
£17.5k - T2 Tea (uk) Limited
£33.7k - Industry AVG
Efficiency
resulting in sales per employee of £108.3k, this is less efficient (£221.4k)
£108.3k - T2 Tea (uk) Limited
£221.4k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (60 days)
15 days - T2 Tea (uk) Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (29 days)
21 days - T2 Tea (uk) Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 155 days, this is more than average (90 days)
155 days - T2 Tea (uk) Limited
90 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - T2 Tea (uk) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1321.7%, this is a higher level of debt than the average (63.9%)
1321.7% - T2 Tea (uk) Limited
63.9% - Industry AVG
T2 TEA (UK) LIMITED financials
T2 Tea (Uk) Limited's latest turnover from December 2022 is £5.5 million and the company has net assets of -£42.8 million. According to their latest financial statements, T2 Tea (Uk) Limited has 51 employees and maintains cash reserves of £109.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,521,641 | 5,709,719 | 6,535,231 | 8,257,591 | 9,278,971 | 9,254,466 | 7,012,400 | 3,108,350 | 596,079 | 82,368 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,541,705 | 3,149,000 | 3,258,380 | 3,231,278 | 3,446,790 | 3,326,407 | 2,519,917 | 1,100,830 | 204,118 | 27,088 |
| Gross Profit | 1,979,936 | 2,560,719 | 3,276,851 | 5,026,313 | 5,832,181 | 5,928,059 | 4,492,483 | 2,007,520 | 391,961 | 55,280 |
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | 539,203 | 367,610 | 727,878 | 0 | 0 | 0 | 35,494 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -4,959,876 | -5,293,565 | -3,413,839 | -6,328,705 | -11,161,135 | -5,979,254 | -5,644,193 | -2,822,676 | -592,294 | -388,667 |
| Tax | -19,199 | 370,728 | 473,627 | 1,883,245 | 1,489,303 | 660,096 | 1,019,887 | 553,166 | 106,208 | 83,563 |
| Profit After Tax | -4,979,075 | -4,922,837 | -2,940,212 | -4,445,460 | -9,671,832 | -5,319,158 | -4,624,306 | -2,269,510 | -486,086 | -305,104 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,979,075 | -4,922,837 | -2,940,212 | -4,445,460 | -9,671,832 | -5,319,158 | -4,624,306 | -2,269,510 | -486,086 | -305,104 |
| Employee Costs | 891,401 | 1,038,945 | 1,715,336 | 2,406,923 | 2,624,984 | 2,752,397 | 2,387,107 | 1,104,382 | 187,317 | 61,428 |
| Number Of Employees | 51 | 49 | 100 | 179 | 207 | 208 | 182 | 83 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1,021,633 | 843,666 | 980,791 | 1,098,680 | 3,835,117 | 4,177,364 | 3,494,778 | 1,219,286 | 495,120 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 5,063,452 | 5,741,282 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,000 | 1,021,633 | 5,907,118 | 6,722,073 | 1,098,680 | 3,835,117 | 4,177,364 | 3,494,778 | 1,219,286 | 495,120 |
| Stock & work in progress | 1,506,355 | 2,552,655 | 3,320,370 | 3,275,357 | 2,202,209 | 2,235,143 | 1,662,920 | 902,532 | 520,696 | 330,017 |
| Trade Debtors | 233,771 | 366,686 | 537,167 | 381,535 | 80,794 | 153,738 | 0 | 0 | 0 | 0 |
| Group Debtors | 201,777 | 254,223 | 2,425,497 | 3,059,434 | 857,664 | 0 | 1,502,433 | 703,098 | 0 | 0 |
| Misc Debtors | 1,432,385 | 1,823,625 | 1,634,428 | 3,028,825 | 4,720,657 | 3,158,964 | 1,426,834 | 753,006 | 391,244 | 278,797 |
| Cash | 109,243 | 1,347,990 | 132,651 | 293,569 | 280,044 | 1,063,649 | 86,929 | 69,670 | 4,691 | 96,341 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,483,531 | 6,345,179 | 8,050,113 | 10,038,720 | 8,141,368 | 6,611,494 | 4,679,116 | 2,428,306 | 916,631 | 705,155 |
| total assets | 3,503,531 | 7,366,812 | 13,957,231 | 16,760,793 | 9,240,048 | 10,446,611 | 8,856,480 | 5,923,084 | 2,135,917 | 1,200,275 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 211,534 | 427,210 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,098,617 | 2,072,338 | 0 | 0 | 24,690,215 | 20,322,786 | 12,974,378 | 7,185,796 | 2,398,519 | 1,330,037 |
| other short term finances | 38,488,683 | 35,780,712 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 1,002,216 | 1,570,497 | 2,661,211 | 4,147,138 | 982,955 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,276,060 | 568,665 | 1,757,633 | 2,167,313 | 3,078,690 | 2,145,033 | 3,567,107 | 1,797,987 | 528,587 | 175,341 |
| total current liabilities | 42,074,894 | 39,851,141 | 3,328,130 | 4,828,524 | 31,916,043 | 23,450,774 | 16,541,485 | 8,983,783 | 2,927,106 | 1,505,378 |
| loans | 0 | 0 | 34,178,516 | 29,919,994 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,981,445 | 5,089,404 | 6,492,753 | 9,114,231 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 250,000 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,231,445 | 5,339,404 | 40,671,269 | 39,034,225 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 46,306,339 | 45,190,545 | 43,999,399 | 43,862,749 | 31,916,043 | 23,450,774 | 16,541,485 | 8,983,783 | 2,927,106 | 1,505,378 |
| net assets | -42,802,808 | -37,823,733 | -30,042,168 | -27,101,956 | -22,675,995 | -13,004,163 | -7,685,005 | -3,060,699 | -791,189 | -305,103 |
| total shareholders funds | -42,802,808 | -37,823,733 | -30,042,168 | -27,101,956 | -22,675,995 | -13,004,163 | -7,685,005 | -3,060,699 | -791,189 | -305,103 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 97,215 | 562,337 | 155,537 | 2,140,307 | 701,489 | 583,183 | 512,606 | 272,417 | 80,465 | 29,296 |
| Amortisation | 15,730 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -19,199 | 370,728 | 473,627 | 1,883,245 | 1,489,303 | 660,096 | 1,019,887 | 553,166 | 106,208 | 83,563 |
| Stock | -1,046,300 | -767,715 | 45,013 | 1,073,148 | -32,934 | 572,223 | 760,388 | 381,836 | 520,696 | 330,017 |
| Debtors | -556,601 | -2,152,558 | -1,872,702 | 810,679 | 2,346,413 | 383,435 | 1,473,163 | 1,064,860 | 391,244 | 278,797 |
| Creditors | -215,676 | 427,210 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,707,395 | -1,188,968 | -409,680 | -911,377 | 933,657 | -1,422,074 | 1,769,120 | 1,269,400 | 528,587 | 175,341 |
| Deferred Taxes & Provisions | 0 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | -5,063,452 | -677,830 | 5,741,282 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -973,721 | 2,072,338 | 0 | -24,690,215 | 4,367,429 | 7,348,408 | 5,788,582 | 4,787,277 | 2,398,519 | 1,330,037 |
| Other Short Term Loans | 2,707,971 | 35,780,712 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -34,178,516 | 4,258,522 | 29,919,994 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,110,175 | -1,971,630 | -3,712,192 | 7,628,304 | 3,164,183 | 982,955 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | -539,203 | -367,610 | -727,878 | 0 | 0 | 0 | -35,494 | 0 | 0 |
| cash flow from financing | -375,925 | -1,695,027 | 178,720 | 12,149,704 | 7,531,612 | 8,331,363 | 5,788,582 | 4,751,783 | 2,093,416 | 1,330,038 |
| cash and cash equivalents | ||||||||||
| cash | -1,238,747 | 1,215,339 | -160,918 | 13,525 | -783,605 | 976,720 | 17,259 | 64,979 | 4,691 | 96,341 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,238,747 | 1,215,339 | -160,918 | 13,525 | -783,605 | 976,720 | 17,259 | 64,979 | 4,691 | 96,341 |
t2 tea (uk) limited Credit Report and Business Information
T2 Tea (uk) Limited Competitor Analysis
Perform a competitor analysis for t2 tea (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in M17 area or any other competitors across 12 key performance metrics.
t2 tea (uk) limited Ownership
T2 TEA (UK) LIMITED group structure
T2 Tea (Uk) Limited has no subsidiary companies.
Ultimate parent company
EKATERRA BV
#0143822
2 parents
T2 TEA (UK) LIMITED
08356705
t2 tea (uk) limited directors
T2 Tea (Uk) Limited currently has 2 directors. The longest serving directors include Mr Fiachra Moloney (Jul 2019) and Mr Luke Hughes (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fiachra Moloney | United Kingdom | 39 years | Jul 2019 | - | Director |
| Mr Luke Hughes | United Kingdom | 37 years | Jul 2024 | - | Director |
P&L
December 2022turnover
5.5m
-3%
operating profit
-1.5m
0%
gross margin
35.9%
-20.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-42.8m
+0.13%
total assets
3.5m
-0.52%
cash
109.2k
-0.92%
net assets
Total assets minus all liabilities
t2 tea (uk) limited company details
company number
08356705
Type
Private limited with Share Capital
industry
10831 - Tea processing
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
KPMG LLP
address
trafford park road, trafford park, manchester, M17 1NH
Bank
-
Legal Advisor
-
t2 tea (uk) 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 t2 tea (uk) limited.
t2 tea (uk) 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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t2 tea (uk) limited Companies House Filings - See Documents
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