Tq2 Investments Limited

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tq2 investments limited Company Information

Live

EstablishedMicroHealthy

Company Number

08455998

Website

Registered Address

23 wembury drive, torquay, TQ2 8DT

Industry

Development of building projects

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

Joffree Pugh11 Years

Lee Gough11 Years

Shareholders

joanne gough 50%

joffree pugh 50%

tq2 investments limited Estimated Valuation

£115k

Pomanda estimates the enterprise value of TQ2 INVESTMENTS LIMITED at £115k based on a Turnover of £301.1k and 0.38x industry multiple (adjusted for size and gross margin).

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Tq2 Investments Limited is a live company located in torquay, TQ2 8DT with a Companies House number of 08455998. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2013, it's largest shareholder is joanne gough with a 50% stake. Tq2 Investments Limited is a established, micro sized company, Pomanda has estimated its turnover at £301.1k with healthy growth in recent years.

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Pomanda's financial health check has awarded Tq2 Investments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £301.1k, make it smaller than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.7%)

EXPORT

Tq2 Investments Limited's latest turnover from March 2024 is estimated at £301.1 thousand and the company has net assets of £69.4 thousand. According to their latest financial statements, we estimate that Tq2 Investments Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	301,052	272,740	247,542	238,809	210,669	86,989	56,084	191,922	141,336	147,099	271,650
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	272,896	247,809	226,128	218,186	189,944	77,998	50,102	170,037	125,560	131,118	242,219
Gross Profit	28,156	24,931	21,414	20,623	20,724	8,991	5,982	21,885	15,777	15,982	29,431
Admin Expenses	17,668	9,142	11,574	16,003	13,882	-442	-3,682	14,179	7,584	11,316	29,818
Operating Profit	10,488	15,789	9,840	4,620	6,842	9,433	9,664	7,706	8,193	4,666	-387
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	12	26	4	2
Pre-Tax Profit	10,488	15,789	9,840	4,620	6,842	9,433	9,664	7,718	8,219	4,670	-386
Tax	-2,622	-3,000	-1,870	-878	-1,300	-1,792	-1,836	-1,543	-1,644	-981	0
Profit After Tax	7,866	12,789	7,970	3,742	5,542	7,641	7,828	6,174	6,575	3,689	-386
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,866	12,789	7,970	3,742	5,542	7,641	7,828	6,174	6,575	3,689	-386
Employee Costs	48,366	46,910	44,975	43,799	44,009	43,458	42,312	41,586	39,832	38,216	36,709
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	10,488	15,789	9,840	4,620	6,842	9,433	9,664	7,706	8,193	4,666	-387

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	79,943	79,943	79,943	79,943	79,943	79,943	79,943	79,943	100,000	79,943	80,142
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	79,943	79,943	79,943	79,943	79,943	79,943	79,943	79,943	100,000	79,943	80,142
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	58,838	53,333	41,668	37,307	28,207	28,095	19,343	20,091	3,800	5,000	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	336	195	371	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	9,380	908	601
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	59,174	53,528	42,039	37,307	28,207	28,095	19,343	20,091	13,180	5,908	601
total assets	139,117	133,471	121,982	117,250	108,150	108,038	99,286	100,034	113,180	85,851	80,743
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	69,687	71,907	73,207	76,445	71,087	6,823	2,500	83,982	83,243	82,546	81,127
Group/Directors Accounts	0	0	0	0	0	69,694	72,906	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	69,687	71,907	73,207	76,445	71,087	76,517	75,406	83,982	83,243	82,546	81,127
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0
total liabilities	69,687	71,907	73,207	76,445	71,087	76,517	75,406	83,982	83,243	82,546	81,127
net assets	69,430	61,564	48,775	40,805	37,063	31,521	23,880	16,052	29,937	3,305	-384
total shareholders funds	69,430	61,564	48,775	40,805	37,063	31,521	23,880	16,052	29,937	3,305	-384

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	10,488	15,789	9,840	4,620	6,842	9,433	9,664	7,706	8,193	4,666	-387
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	-2,622	-3,000	-1,870	-878	-1,300	-1,792	-1,836	-1,543	-1,644	-981	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	5,646	11,489	4,732	9,100	112	8,752	-748	16,291	-1,200	5,000	0
Creditors	-2,220	-1,300	-3,238	5,358	64,264	4,323	-81,482	739	697	1,419	81,127
Accruals and Deferred Income	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
Cash flow from operations	0	0	0	0	69,694	3,212	-72,906	-9,389	8,446	104	80,740
Investing Activities
capital expenditure	0	0	0	0	0	0	0	20,057	-20,057	199	-80,142
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	20,057	-20,057	199	-80,142
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-69,694	-3,212	72,906	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-20,059	20,057	0	2
interest	0	0	0	0	0	0	0	12	26	4	2
cash flow from financing	0	0	0	0	-69,694	-3,212	72,906	-20,047	20,083	4	4
cash and cash equivalents
cash	0	0	0	0	0	0	0	-9,380	8,472	307	601
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-9,380	8,472	307	601

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TQ2 INVESTMENTS LIMITED group structure

Tq2 Investments Limited has no subsidiary companies.

Ultimate parent company

TQ2 INVESTMENTS LIMITED

08455998

TQ2 INVESTMENTS LIMITED Shareholders

joanne gough	50%
joffree pugh	50%

Tq2 Investments Limited currently has 2 directors. The longest serving directors include Mr Joffree Pugh (Mar 2013) and Mr Lee Gough (Mar 2013).

officer	country	age	start	end	role
Mr Joffree Pugh	England	59 years	Mar 2013	-	Director
Mr Lee Gough	England	56 years	Mar 2013	-	Director

P&L

March 2024

turnover

301.1k

+10%

operating profit

10.5k

gross margin

9.4%

+2.31%

turnover

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

Balance Sheet

March 2024

net assets

69.4k

+0.13%

total assets

139.1k

+0.04%

cash

net assets

Total assets minus all liabilities

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company number

08455998

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

March 2013

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2024

address

23 wembury drive, torquay, TQ2 8DT

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 tq2 investments limited.

tq2 investments limited Company Information

tq2 investments limited Estimated Valuation

tq2 investments limited Estimated Valuation

tq2 investments limited Estimated Valuation

Tq2 Investments Limited Overview

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TQ2 INVESTMENTS LIMITED financials

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