t-speed development ltd
t-speed development ltd Company Information
Company Number
08767589
Website
-Registered Address
103 poulters lane, worthing, BN14 7SY
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Timothy Sherrington10 Years
Shareholders
timothy sherrington 100%
t-speed development ltd Estimated Valuation
Pomanda estimates the enterprise value of T-SPEED DEVELOPMENT LTD at £23.4k based on a Turnover of £57.3k and 0.41x industry multiple (adjusted for size and gross margin).
t-speed development ltd Estimated Valuation
Pomanda estimates the enterprise value of T-SPEED DEVELOPMENT LTD at £0 based on an EBITDA of £-1.8k and a 3.22x industry multiple (adjusted for size and gross margin).
t-speed development ltd Estimated Valuation
Pomanda estimates the enterprise value of T-SPEED DEVELOPMENT LTD at £1.5k based on Net Assets of £3.1k and 0.47x industry multiple (adjusted for liquidity).
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T-speed Development Ltd Overview
T-speed Development Ltd is a dissolved company that was located in worthing, BN14 7SY with a Companies House number of 08767589. It operated in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in November 2013, it's largest shareholder was timothy sherrington with a 100% stake. The last turnover for T-speed Development Ltd was estimated at £57.3k.
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T-speed Development Ltd Health Check
Pomanda's financial health check has awarded T-Speed Development Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £57.3k, make it smaller than the average company (£1.1m)
- T-speed Development Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.3%)
- T-speed Development Ltd
5.3% - Industry AVG
Production
with a gross margin of 26.2%, this company has a higher cost of product (45.4%)
- T-speed Development Ltd
45.4% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (6%)
- T-speed Development Ltd
6% - Industry AVG
Employees
with 1 employees, this is below the industry average (13)
1 - T-speed Development Ltd
13 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- T-speed Development Ltd
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £57.3k, this is less efficient (£111.1k)
- T-speed Development Ltd
£111.1k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (53 days)
- T-speed Development Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 114 days, this is slower than average (30 days)
- T-speed Development Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- T-speed Development Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - T-speed Development Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.1%, this is a higher level of debt than the average (52.4%)
81.1% - T-speed Development Ltd
52.4% - Industry AVG
T-SPEED DEVELOPMENT LTD financials
T-Speed Development Ltd's latest turnover from May 2020 is estimated at £57.3 thousand and the company has net assets of £3.1 thousand. According to their latest financial statements, T-Speed Development Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 1 | 1 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 400 | 609 | 1,217 | 0 | 0 | 371 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 400 | 609 | 1,217 | 0 | 0 | 371 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 16,397 | 21,728 | 16,174 | 10,047 | 10,876 | 12,896 | 8,820 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 332 | 332 | 332 | 332 | 222 | 0 |
| total current assets | 16,397 | 22,060 | 16,506 | 10,379 | 11,208 | 13,118 | 8,820 |
| total assets | 16,397 | 22,460 | 17,115 | 11,596 | 11,208 | 13,118 | 9,191 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13,290 | 17,576 | 14,697 | 11,566 | 10,634 | 10,827 | 8,246 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 13,290 | 17,576 | 14,697 | 11,566 | 10,634 | 10,827 | 8,246 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 13,290 | 17,576 | 14,697 | 11,566 | 10,634 | 10,827 | 8,246 |
| net assets | 3,107 | 4,884 | 2,418 | 30 | 574 | 2,291 | 945 |
| total shareholders funds | 3,107 | 4,884 | 2,418 | 30 | 574 | 2,291 | 945 |
| May 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | |||||
| Amortisation | 0 | 0 | |||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,331 | 5,554 | 6,127 | -829 | -2,020 | 4,076 | 8,820 |
| Creditors | -4,286 | 2,879 | 3,131 | 932 | -193 | 2,581 | 8,246 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
t-speed development ltd Credit Report and Business Information
T-speed Development Ltd Competitor Analysis
Perform a competitor analysis for t-speed development ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in BN14 area or any other competitors across 12 key performance metrics.
t-speed development ltd Ownership
T-SPEED DEVELOPMENT LTD group structure
T-Speed Development Ltd has no subsidiary companies.
Ultimate parent company
T-SPEED DEVELOPMENT LTD
08767589
t-speed development ltd directors
T-Speed Development Ltd currently has 1 director, Mr Timothy Sherrington serving since Nov 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Sherrington | England | 34 years | Nov 2013 | - | Director |
P&L
May 2020turnover
57.3k
-17%
operating profit
-1.8k
0%
gross margin
26.2%
+1.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2020net assets
3.1k
-0.36%
total assets
16.4k
-0.27%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
t-speed development ltd company details
company number
08767589
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
November 2013
age
11
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
May 2020
address
103 poulters lane, worthing, BN14 7SY
accountant
-
auditor
-
t-speed development 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 t-speed development ltd.
t-speed development ltd Companies House Filings - See Documents
| date | description | view/download |
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