north east (erdf) venture capital limited partnership
north east accelerator limited partnership
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Group Structure
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Industry
Other information technology and computer service activities
Registered Address
suite 5 2nd floor regent centre, gosforth, newcastle upon tyne, NE3 3LS
Website
-
tungl limitedEstimated Valuation
£763.7k
Pomanda estimates the enterprise value of TUNGL LIMITED at £763.7k based on a Turnover of £1.1m and 0.72x industry multiple (adjusted for size and gross margin).
tungl limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of TUNGL LIMITED at £0 based on an EBITDA of £-240k and a 4.65x industry multiple (adjusted for size and gross margin).
tungl limitedEstimated Valuation
£372.3k
Pomanda estimates the enterprise value of TUNGL LIMITED at £372.3k based on Net Assets of £171.6k and 2.17x industry multiple (adjusted for liquidity).
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Tungl LimitedOverview
Tungl Limited is a live company located in newcastle upon tyne, NE3 3LS with a Companies House number of 09145415. It operates in the other information technology service activities sector, SIC Code 62090. Founded in July 2014, it's largest shareholder is
north east (erdf) venture capital limited partnership
with a 25.6% stake. Tungl Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.1m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Tungl Limited a 3.5 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 Rating3.5out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£4.2m)
£1.1m - Tungl Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (7.1%)
50% - Tungl Limited
7.1% - Industry AVG
Production
with a gross margin of 51.8%, this company has a comparable cost of product (51.8%)
51.8% - Tungl Limited
51.8% - Industry AVG
Profitability
an operating margin of -24.6% make it less profitable than the average company (4.8%)
-24.6% - Tungl Limited
4.8% - Industry AVG
Employees
with 14 employees, this is below the industry average (35)
14 - Tungl Limited
35 - Industry AVG
Pay Structure
on an average salary of £59.9k, the company has an equivalent pay structure (£59.9k)
£59.9k - Tungl Limited
£59.9k - Industry AVG
Efficiency
resulting in sales per employee of £75.6k, this is less efficient (£152.9k)
£75.6k - Tungl Limited
£152.9k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (57 days)
35 days - Tungl Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (38 days)
13 days - Tungl Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tungl Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 36 weeks, this is more cash available to meet short term requirements (15 weeks)
36 weeks - Tungl Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.6%, this is a similar level of debt than the average (64.6%)
61.6% - Tungl Limited
64.6% - Industry AVG
TUNGL LIMITED financials
EXPORT
Tungl Limited's latest turnover from April 2019 is estimated at £1.1 million and the company has net assets of £171.6 thousand. According to their latest financial statements, Tungl Limited has 14 employees and maintains cash reserves of £193.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2019
Apr 2018
Aug 2017
Aug 2016
Aug 2015
Turnover
1,057,905
708,376
767,276
316,253
408,955
Other Income Or Grants
Cost Of Sales
509,740
336,831
370,188
146,691
192,414
Gross Profit
548,165
371,545
397,088
169,562
216,540
Admin Expenses
808,798
515,992
679,347
558,127
626,226
Operating Profit
-260,633
-144,447
-282,259
-388,565
-409,686
Interest Payable
Interest Receivable
830
225
381
738
871
Pre-Tax Profit
-259,803
-144,222
-281,878
-387,827
-408,815
Tax
Profit After Tax
-259,803
-144,222
-281,878
-387,827
-408,815
Dividends Paid
Retained Profit
-259,803
-144,222
-281,878
-387,827
-408,815
Employee Costs
838,265
630,826
665,604
161,325
162,748
Number Of Employees
14
11
12
3
3
EBITDA*
-240,038
-131,121
-272,499
-383,423
-407,334
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2019
Apr 2018
Aug 2017
Aug 2016
Aug 2015
Tangible Assets
14,243
9,638
10,072
14,178
10,499
Intangible Assets
16,918
33,731
29,240
16,490
11,549
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
31,161
43,369
39,312
30,668
22,048
Stock & work in progress
Trade Debtors
104,153
41,400
58,709
51,370
51,101
Group Debtors
Misc Debtors
117,626
67,080
96,947
158,827
Cash
193,875
27,471
62,723
242,233
348,533
misc current assets
total current assets
415,654
135,951
218,379
452,430
399,634
total assets
446,815
179,320
257,691
483,098
421,682
Bank overdraft
Bank loan
Trade Creditors
18,658
41,618
19,943
49,419
154,126
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
256,516
206,228
225,370
139,423
total current liabilities
275,174
247,846
245,313
188,842
154,126
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
275,174
247,846
245,313
188,842
154,126
net assets
171,641
-68,526
12,378
294,256
267,556
total shareholders funds
171,641
-68,526
12,378
294,256
267,556
Apr 2019
Apr 2018
Aug 2017
Aug 2016
Aug 2015
Operating Activities
Operating Profit
-260,633
-144,447
-282,259
-388,565
-409,686
Depreciation
3,782
2,117
4,263
5,142
2,352
Amortisation
16,813
11,209
5,497
Tax
Stock
Debtors
113,299
-47,176
-54,541
159,096
51,101
Creditors
-22,960
21,675
-29,476
-104,707
154,126
Accruals and Deferred Income
50,288
-19,142
85,947
139,423
Deferred Taxes & Provisions
Cash flow from operations
-326,009
-81,412
-161,487
-507,803
-304,309
Investing Activities
capital expenditure
-8,387
-17,383
-18,404
-13,762
-24,400
Change in Investments
cash flow from investments
-8,387
-17,383
-18,404
-13,762
-24,400
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
499,970
63,318
414,527
676,371
interest
830
225
381
738
871
cash flow from financing
500,800
63,543
381
415,265
677,242
cash and cash equivalents
cash
166,404
-35,252
-179,510
-106,300
348,533
overdraft
change in cash
166,404
-35,252
-179,510
-106,300
348,533
tungl limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tungl limited. Get real-time insights into tungl limited's credit score, group structure and payment trends.
Perform a competitor analysis for tungl limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in NE3 area or any other competitors across 12 key performance metrics.
tungl limited Ownership
TUNGL LIMITED group structure
Tungl Limited has no subsidiary companies.
Ultimate parent company
TUNGL LIMITED
09145415
TUNGL LIMITED Shareholders
The largest shareholders in Tungl Limited include North East (Erdf) Venture Capital Limited Partnership and North East Accelerator Limited Partnership.
north east (erdf) venture capital limited partnership
25.64%
north east accelerator limited partnership
19.91%
maurice henry whittle
16.15%
kevin mark beales
13.67%
colin david beales
11.05%
mark robert mars
5.14%
james richard world
4.42%
philip james brown
2.58%
malcolm smith
0.88%
katie jessica world
0.54%
tungl limited directors
Tungl Limited currently has 1 director, Mr Maurice Whittle serving since Nov 2014.
62090 - Other information technology and computer service activities
incorporation date
July 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2019
previous names
technically compatible limited (August 2019)
accountant
ALLENS ACCOUNTANTS LIMITED
auditor
-
address
suite 5 2nd floor regent centre, gosforth, newcastle upon tyne, NE3 3LS
Bank
-
Legal Advisor
-
tungl 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 tungl limited.
tungl 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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tungl limitedCompanies House Filings - See Documents
