Pomanda estimates the enterprise value of TSB BANKING GROUP PLC at £2.5b based on a Turnover of £2.3b and 1.08x industry multiple (adjusted for size and gross margin).
tsb banking group plcEstimated Valuation
£2.7b
Pomanda estimates the enterprise value of TSB BANKING GROUP PLC at £2.7b based on an EBITDA of £321m and a 8.29x industry multiple (adjusted for size and gross margin).
tsb banking group plcEstimated Valuation
£4.8b
Pomanda estimates the enterprise value of TSB BANKING GROUP PLC at £4.8b based on Net Assets of £2.4b and 1.99x industry multiple (adjusted for liquidity).
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Tsb Banking Group PlcOverview
Tsb Banking Group Plc is a live company located in london, EC2N 4BQ with a Companies House number of 08871766. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2014, it's largest shareholder is
banco de sabadell sa
with a 100% stake. Tsb Banking Group Plc is a established,
mega sized company, Pomanda has estimated its turnover at
£2.3b with
high
growth in recent years.
Pomanda's financial health check has awarded Tsb Banking Group Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
1 Regular
4 Weak
Size
annual sales of £2.3b, make it larger than the average company (£21.3m)
£2.3b - Tsb Banking Group Plc
£21.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (9.7%)
25% - Tsb Banking Group Plc
9.7% - Industry AVG
Production
with a gross margin of 33.6%, this company has a comparable cost of product (33.6%)
33.6% - Tsb Banking Group Plc
33.6% - Industry AVG
Profitability
an operating margin of 12.8% make it more profitable than the average company (6%)
12.8% - Tsb Banking Group Plc
6% - Industry AVG
Employees
with 5047 employees, this is above the industry average (115)
5047 - Tsb Banking Group Plc
115 - Industry AVG
Pay Structure
on an average salary of £63.3k, the company has a higher pay structure (£51.4k)
£63.3k - Tsb Banking Group Plc
£51.4k - Industry AVG
Efficiency
resulting in sales per employee of £449.7k, this is more efficient (£209k)
£449.7k - Tsb Banking Group Plc
£209k - Industry AVG
Debtor Days
it gets paid by customers after 6565 days, this is later than average (44 days)
6565 days - Tsb Banking Group Plc
44 days - Industry AVG
Creditor Days
its suppliers are paid after 10431 days, this is slower than average (41 days)
10431 days - Tsb Banking Group Plc
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tsb Banking Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Tsb Banking Group Plc
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.7%, this is a higher level of debt than the average (54.6%)
94.7% - Tsb Banking Group Plc
54.6% - Industry AVG
TSB BANKING GROUP PLC financials
EXPORT
Tsb Banking Group Plc's latest turnover from December 2024 is £2.3 billion and the company has net assets of £2.4 billion. According to their latest financial statements, Tsb Banking Group Plc has 5,047 employees and maintains cash reserves of £4.8 billion as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Turnover
2,269,500,000
2,099,700,000
1,379,200,000
1,149,300,000
1,128,000,000
1,351,300,000
1,598,400,000
1,454,700,000
1,345,200,000
1,174,400,000
1,191,500,000
823,800,000
Other Income Or Grants
Cost Of Sales
1,506,680,710
1,392,847,602
918,200,951
773,707,516
761,440,929
908,853,584
1,077,844,648
984,014,981
907,172,223
799,691,902
825,113,088
572,586,457
Gross Profit
762,819,290
706,852,398
460,999,049
375,592,484
366,559,071
442,446,416
520,555,352
470,685,019
438,027,777
374,708,098
366,386,912
251,213,543
Admin Expenses
472,419,290
469,652,398
277,499,049
217,992,484
407,159,071
548,946,416
625,000,727
325,566,059
260,800,652
255,340,848
194,446,247
11,454,303
Operating Profit
290,400,000
237,200,000
183,500,000
157,600,000
-40,600,000
-106,500,000
-104,445,375
145,118,960
177,227,125
119,367,250
171,940,665
239,759,240
Interest Payable
30,998,000
30,549,375
26,467,000
21,346,875
24,009,600
13,361,625
13,678,875
26,604,500
25,481,250
26,247,000
13,178,750
Interest Receivable
268,027,500
292,322,625
176,575,000
12,384,750
4,825,900
43,992,000
55,124,250
28,028,750
8,004,125
17,879,750
11,491,250
500,500
Pre-Tax Profit
290,400,000
237,200,000
183,500,000
157,500,000
-204,600,000
46,000,000
-105,400,000
162,700,000
182,000,000
67,600,000
170,200,000
84,800,000
Tax
-82,500,000
-62,400,000
-81,200,000
-27,300,000
44,900,000
-19,700,000
42,400,000
-44,000,000
-54,200,000
21,200,000
-35,700,000
100,200,000
Profit After Tax
207,900,000
174,800,000
102,300,000
130,200,000
-159,700,000
26,300,000
-63,000,000
118,700,000
127,800,000
88,800,000
134,500,000
185,000,000
Dividends Paid
120,000,000
50,000,000
Retained Profit
87,900,000
124,800,000
102,300,000
130,200,000
-159,700,000
26,300,000
-63,000,000
118,700,000
127,800,000
88,800,000
134,500,000
185,000,000
Employee Costs
319,500,000
338,700,000
304,000,000
312,400,000
349,000,000
368,300,000
333,300,000
370,400,000
379,300,000
361,600,000
278,100,000
138,600,000
Number Of Employees
5,047
5,568
5,592
6,137
7,068
8,198
9,226
8,583
8,296
8,620
8,427
4,721
EBITDA*
321,000,000
270,600,000
235,500,000
220,100,000
27,000,000
-10,640,000
-104,445,375
145,118,960
177,227,125
119,367,250
171,940,665
239,759,240
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Tangible Assets
242,000,000
296,700,000
352,100,000
423,600,000
404,100,000
389,300,000
2,663,900,000
2,364,600,000
2,371,400,000
1,545,000,000
597,000,000
260,600,000
Intangible Assets
109,900,000
86,100,000
75,600,000
72,100,000
49,500,000
20,300,000
18,400,000
10,100,000
2,600,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
351,900,000
382,800,000
427,700,000
495,700,000
453,600,000
409,600,000
2,682,300,000
2,374,700,000
2,374,000,000
1,545,000,000
597,000,000
260,600,000
Stock & work in progress
Trade Debtors
40,823,600,000
41,279,800,000
43,700,900,000
41,313,700,000
36,661,100,000
34,367,200,000
31,142,400,000
32,367,400,000
30,951,500,000
26,987,400,000
22,034,700,000
24,439,400,000
Group Debtors
Misc Debtors
Cash
4,823,800,000
5,897,300,000
5,238,800,000
4,851,200,000
5,056,600,000
4,595,200,000
7,136,000,000
7,563,800,000
3,647,700,000
2,755,600,000
4,396,300,000
200,200,000
misc current assets
total current assets
45,749,000,000
47,269,900,000
49,022,000,000
46,193,100,000
41,953,100,000
39,111,300,000
38,479,300,000
40,173,000,000
34,821,700,000
30,073,000,000
26,574,400,000
24,693,800,000
total assets
46,100,900,000
47,652,700,000
49,449,700,000
46,688,800,000
42,406,700,000
39,520,900,000
41,161,600,000
42,547,700,000
37,195,700,000
31,618,000,000
27,171,400,000
24,954,400,000
Bank overdraft
Bank loan
Trade Creditors
43,061,400,000
44,924,900,000
46,386,300,000
44,140,200,000
39,842,700,000
36,981,700,000
39,297,600,000
38,069,000,000
32,958,000,000
29,251,700,000
24,928,700,000
22,370,200,000
Group/Directors Accounts
other short term finances
285,900,000
277,700,000
265,400,000
291,800,000
391,300,000
395,900,000
405,300,000
413,300,000
402,100,000
405,500,000
hp & lease commitments
other current liabilities
total current liabilities
43,633,000,000
45,499,300,000
47,342,700,000
44,728,700,000
40,547,000,000
37,583,100,000
39,297,600,000
40,517,600,000
35,319,900,000
29,871,700,000
25,537,000,000
22,467,900,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
39,800,000
75,200,000
125,000,000
110,200,000
153,100,000
51,800,000
34,500,000
10,800,000
1,179,800,000
total liabilities
43,672,800,000
45,574,500,000
47,467,700,000
44,838,900,000
40,700,100,000
37,634,900,000
39,297,600,000
40,552,100,000
35,330,700,000
29,871,700,000
25,537,000,000
23,647,700,000
net assets
2,428,100,000
2,078,200,000
1,982,000,000
1,849,900,000
1,706,600,000
1,886,000,000
1,864,000,000
1,995,600,000
1,865,000,000
1,746,300,000
1,634,400,000
1,306,700,000
total shareholders funds
2,428,100,000
2,078,200,000
1,982,000,000
1,849,900,000
1,706,600,000
1,886,000,000
1,864,000,000
1,995,600,000
1,865,000,000
1,746,300,000
1,634,400,000
1,306,700,000
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Operating Activities
Operating Profit
290,400,000
237,200,000
183,500,000
157,600,000
-40,600,000
-106,500,000
-104,445,375
145,118,960
177,227,125
119,367,250
171,940,665
239,759,240
Depreciation
30,600,000
33,400,000
52,000,000
62,500,000
67,600,000
95,860,000
Amortisation
Tax
-82,500,000
-62,400,000
-81,200,000
-27,300,000
44,900,000
-19,700,000
42,400,000
-44,000,000
-54,200,000
21,200,000
-35,700,000
100,200,000
Stock
Debtors
-456,200,000
-2,421,100,000
2,387,200,000
4,652,600,000
2,293,900,000
3,224,800,000
-1,225,000,000
1,415,900,000
3,964,100,000
4,952,700,000
-2,404,700,000
24,439,400,000
Creditors
-1,863,500,000
-1,461,400,000
2,246,100,000
4,297,500,000
2,861,000,000
-2,315,900,000
1,228,600,000
5,111,000,000
3,706,300,000
4,323,000,000
2,558,500,000
22,370,200,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-1,168,800,000
1,167,900,000
13,200,000
-162,300,000
639,000,000
-5,571,040,000
2,391,554,625
3,796,218,960
-134,772,875
-489,132,750
5,099,440,665
-1,729,240,760
Investing Activities
capital expenditure
300,000
11,500,000
16,000,000
-104,600,000
-111,600,000
2,176,840,000
-307,600,000
-700,000
-829,000,000
-948,000,000
-336,400,000
-260,600,000
Change in Investments
cash flow from investments
300,000
11,500,000
16,000,000
-104,600,000
-111,600,000
2,176,840,000
-307,600,000
-700,000
-829,000,000
-948,000,000
-336,400,000
-260,600,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
8,200,000
12,300,000
-26,400,000
-99,500,000
-4,600,000
395,900,000
-405,300,000
-8,000,000
11,200,000
-3,400,000
405,500,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
262,000,000
-28,600,000
29,800,000
13,100,000
-19,700,000
-4,300,000
-68,600,000
11,900,000
-9,100,000
23,100,000
193,200,000
1,121,700,000
interest
237,029,500
261,773,250
150,108,000
-8,962,125
-19,183,700
30,630,375
41,445,375
1,424,250
-17,477,125
-8,367,250
-1,687,500
500,500
cash flow from financing
507,229,500
245,473,250
153,508,000
-95,362,125
-43,483,700
422,230,375
-432,454,625
5,324,250
-15,377,125
11,332,750
597,012,500
1,122,200,500
cash and cash equivalents
cash
-1,073,500,000
658,500,000
387,600,000
-205,400,000
461,400,000
-2,540,800,000
-427,800,000
3,916,100,000
892,100,000
-1,640,700,000
4,196,100,000
200,200,000
overdraft
change in cash
-1,073,500,000
658,500,000
387,600,000
-205,400,000
461,400,000
-2,540,800,000
-427,800,000
3,916,100,000
892,100,000
-1,640,700,000
4,196,100,000
200,200,000
tsb banking group plc 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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tsb banking group plc Capital Raised & Share Issues BETA
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tsb banking group plcCompanies House Filings - See Documents
