truespeed communications ltd
truespeed communications ltd Company Information
Company Number
09187893
Next Accounts
Sep 2025
Shareholders
josef karthauser
francis benedict hornak
View AllGroup Structure
View All
Industry
Other telecommunications activities
Registered Address
pinesgate west, lower bristol road, bath, BA2 3DP
Website
www.truespeed.comtruespeed communications ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUESPEED COMMUNICATIONS LTD at £9.6m based on a Turnover of £6.6m and 1.44x industry multiple (adjusted for size and gross margin).
truespeed communications ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUESPEED COMMUNICATIONS LTD at £0 based on an EBITDA of £-9.5m and a 6.09x industry multiple (adjusted for size and gross margin).
truespeed communications ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUESPEED COMMUNICATIONS LTD at £0 based on Net Assets of £-84.9m and 2.41x industry multiple (adjusted for liquidity).
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Truespeed Communications Ltd Overview
Truespeed Communications Ltd is a live company located in bath, BA2 3DP with a Companies House number of 09187893. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in August 2014, it's largest shareholder is josef karthauser with a 19% stake. Truespeed Communications Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.6m with high growth in recent years.
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Truespeed Communications Ltd Health Check
Pomanda's financial health check has awarded Truespeed Communications Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £6.6m, make it smaller than the average company (£14.1m)
£6.6m - Truespeed Communications Ltd
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (4.6%)
22% - Truespeed Communications Ltd
4.6% - Industry AVG
Production
with a gross margin of 85.7%, this company has a lower cost of product (39%)
85.7% - Truespeed Communications Ltd
39% - Industry AVG
Profitability
an operating margin of -194.3% make it less profitable than the average company (4.2%)
-194.3% - Truespeed Communications Ltd
4.2% - Industry AVG
Employees
with 220 employees, this is above the industry average (54)
220 - Truespeed Communications Ltd
54 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has a lower pay structure (£66.1k)
£33.1k - Truespeed Communications Ltd
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £30.1k, this is less efficient (£237.8k)
£30.1k - Truespeed Communications Ltd
£237.8k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (40 days)
6 days - Truespeed Communications Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 190 days, this is slower than average (43 days)
190 days - Truespeed Communications Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Truespeed Communications Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (8 weeks)
5 weeks - Truespeed Communications Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 198.8%, this is a higher level of debt than the average (65.4%)
198.8% - Truespeed Communications Ltd
65.4% - Industry AVG
TRUESPEED COMMUNICATIONS LTD financials
Truespeed Communications Ltd's latest turnover from December 2023 is £6.6 million and the company has net assets of -£84.9 million. According to their latest financial statements, Truespeed Communications Ltd has 220 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,625,819 | 5,397,659 | 5,423,632 | 3,662,886 | 1,869,323 | 675,803 | |||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 949,192 | 740,585 | 1,833,765 | 2,583,142 | 1,078,411 | 705,995 | |||
| Gross Profit | 5,676,627 | 4,657,074 | 3,589,867 | 1,079,744 | 790,912 | -30,192 | |||
| Admin Expenses | 18,553,403 | 13,581,411 | 9,816,606 | 8,152,583 | 5,504,021 | 4,286,258 | |||
| Operating Profit | -12,876,776 | -8,924,337 | -6,226,739 | -7,072,839 | -4,713,109 | -4,316,450 | |||
| Interest Payable | 12,936,992 | 8,704,075 | 6,721,669 | 4,822,388 | 2,899,826 | 1,296,554 | |||
| Interest Receivable | 64,349 | 2,039 | 327 | 439 | 3,266 | 493 | |||
| Pre-Tax Profit | -25,749,419 | -17,626,373 | -12,948,081 | -11,894,788 | -7,609,669 | -5,612,511 | |||
| Tax | |||||||||
| Profit After Tax | -25,749,419 | -17,626,373 | -12,948,081 | -11,894,788 | -7,609,669 | -5,612,511 | |||
| Dividends Paid | |||||||||
| Retained Profit | -25,749,419 | -17,626,373 | -12,948,081 | -11,894,788 | -7,609,669 | -5,612,511 | |||
| Employee Costs | 7,274,362 | 5,712,556 | 4,987,705 | 5,477,857 | 3,510,227 | 2,766,699 | |||
| Number Of Employees | 220 | 176 | 138 | 123 | 90 | 70 | 23 | 5 | |
| EBITDA* | -9,469,764 | -6,660,341 | -4,795,981 | -6,309,248 | -4,376,261 | -4,072,720 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 80,990,897 | 59,098,066 | 40,852,420 | 32,729,633 | 21,451,610 | 10,281,307 | 2,746,201 | 1,026,048 | 10,280 |
| Intangible Assets | 1,980,949 | 1,273,514 | 144,532 | 67,010 | 81,785 | 109,046 | 136,307 | ||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 82,971,846 | 60,371,580 | 40,996,952 | 32,796,643 | 21,451,610 | 10,281,307 | 2,827,986 | 1,135,094 | 146,587 |
| Stock & work in progress | 16,865 | ||||||||
| Trade Debtors | 110,203 | 62,989 | 29,273 | 40,406 | 7,680 | 1,440 | 61 | 6,721 | |
| Group Debtors | |||||||||
| Misc Debtors | 1,156,536 | 943,859 | 490,211 | 487,848 | 435,407 | 474,604 | 125,922 | 122,353 | |
| Cash | 1,717,714 | 2,474,235 | 1,671,782 | 271,821 | 1,349,196 | 1,617,791 | 374,204 | 737,245 | 2,697 |
| misc current assets | |||||||||
| total current assets | 2,984,453 | 3,481,083 | 2,191,266 | 800,075 | 1,792,283 | 2,093,835 | 500,126 | 876,524 | 9,418 |
| total assets | 85,956,299 | 63,852,663 | 43,188,218 | 33,596,718 | 23,243,893 | 12,375,142 | 3,328,112 | 2,011,618 | 156,005 |
| Bank overdraft | 74,369 | 9,680 | 1,510,000 | ||||||
| Bank loan | |||||||||
| Trade Creditors | 494,519 | 3,278,320 | 1,590,362 | 1,048,488 | 1,018,733 | 1,158,649 | 300,199 | 116,311 | 131,037 |
| Group/Directors Accounts | 20,041 | ||||||||
| other short term finances | 1,987,000 | ||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 15,051,063 | 4,854,613 | 8,494,471 | 3,206,042 | 3,844,464 | 3,058,005 | 3,097,291 | 592,270 | |
| total current liabilities | 15,545,582 | 8,132,933 | 10,084,833 | 6,241,530 | 4,863,197 | 4,291,023 | 3,407,170 | 2,238,622 | 131,037 |
| loans | 155,310,406 | 114,876,750 | 74,690,782 | 55,994,504 | 35,126,871 | 17,237,455 | 3,462,859 | 233,600 | |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 40,275 | ||||||||
| provisions | |||||||||
| total long term liabilities | 155,310,406 | 114,876,750 | 74,690,782 | 55,994,504 | 35,126,871 | 17,237,455 | 3,462,859 | 233,600 | 40,275 |
| total liabilities | 170,855,988 | 123,009,683 | 84,775,615 | 62,236,034 | 39,990,068 | 21,528,478 | 6,870,029 | 2,472,222 | 171,312 |
| net assets | -84,899,689 | -59,157,020 | -41,587,397 | -28,639,316 | -16,746,175 | -9,153,336 | -3,541,917 | -460,604 | -15,307 |
| total shareholders funds | -84,899,689 | -59,157,020 | -41,587,397 | -28,639,316 | -16,746,175 | -9,153,336 | -3,541,917 | -460,604 | -15,307 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -12,876,776 | -8,924,337 | -6,226,739 | -7,072,839 | -4,713,109 | -4,316,450 | |||
| Depreciation | 2,835,906 | 2,109,289 | 1,406,046 | 759,537 | 336,848 | 161,945 | 59,843 | 8,813 | 3,781 |
| Amortisation | 571,106 | 154,707 | 24,712 | 4,054 | 81,785 | 27,261 | 27,261 | ||
| Tax | |||||||||
| Stock | -16,865 | 16,865 | |||||||
| Debtors | 259,891 | 487,364 | -8,770 | 85,167 | -32,957 | 350,122 | 3,508 | 115,693 | 6,721 |
| Creditors | -2,783,801 | 1,687,958 | 541,874 | 29,755 | -139,916 | 858,450 | 183,888 | -14,726 | 131,037 |
| Accruals and Deferred Income | 10,196,450 | -3,639,858 | 5,288,429 | -638,422 | 786,459 | -39,286 | 2,505,021 | 592,270 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | -2,317,006 | -9,099,605 | 1,043,092 | -7,003,082 | -3,696,761 | -3,603,678 | |||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -20,041 | 20,041 | |||||||
| Other Short Term Loans | -1,987,000 | 1,987,000 | |||||||
| Long term loans | 40,433,656 | 40,185,968 | 18,696,278 | 20,867,633 | 17,889,416 | 13,774,596 | 3,229,259 | 233,600 | |
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -40,275 | 40,275 | |||||||
| share issue | |||||||||
| interest | -12,872,643 | -8,702,036 | -6,721,342 | -4,821,949 | -2,896,560 | -1,296,061 | |||
| cash flow from financing | 27,567,763 | 31,540,682 | 9,987,936 | 18,034,331 | 15,009,686 | 12,479,627 | |||
| cash and cash equivalents | |||||||||
| cash | -756,521 | 802,453 | 1,399,961 | -1,077,375 | -268,595 | 1,243,587 | -363,041 | 734,548 | 2,697 |
| overdraft | -74,369 | 64,689 | -1,500,320 | 1,510,000 | |||||
| change in cash | -756,521 | 802,453 | 1,399,961 | -1,077,375 | -194,226 | 1,178,898 | 1,137,279 | -775,452 | 2,697 |
truespeed communications ltd Credit Report and Business Information
Truespeed Communications Ltd Competitor Analysis
Perform a competitor analysis for truespeed communications ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BA2 area or any other competitors across 12 key performance metrics.
truespeed communications ltd Ownership
TRUESPEED COMMUNICATIONS LTD group structure
Truespeed Communications Ltd has 2 subsidiary companies.
Ultimate parent company
TRUESPEED COMMUNICATIONS LTD
09187893
2 subsidiaries
truespeed communications ltd directors
Truespeed Communications Ltd currently has 8 directors. The longest serving directors include Mr Clarke Osborne (Dec 2014) and Mr Andrew Jones (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clarke Osborne | England | 72 years | Dec 2014 | - | Director |
| Mr Andrew Jones | England | 58 years | May 2015 | - | Director |
| Mr Edmund Bruegger | 73 years | Jul 2017 | - | Director | |
| Mr Ian Shervell | England | 46 years | Mar 2019 | - | Director |
| Mr Paul Burridge | England | 51 years | Sep 2020 | - | Director |
| Mr James Lowther | England | 42 years | May 2022 | - | Director |
| Ms Lisa Harrington | United Kingdom | 53 years | Sep 2022 | - | Director |
| Ms Margarida Torroais Albuquerque Leal | England | 35 years | Feb 2023 | - | Director |
P&L
December 2023turnover
6.6m
+23%
operating profit
-12.9m
+44%
gross margin
85.7%
-0.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-84.9m
+0.44%
total assets
86m
+0.35%
cash
1.7m
-0.31%
net assets
Total assets minus all liabilities
truespeed communications ltd company details
company number
09187893
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
August 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wansdyke networking ltd (January 2015)
accountant
-
auditor
UHY HACKER YOUNG
address
pinesgate west, lower bristol road, bath, BA2 3DP
Bank
-
Legal Advisor
-
truespeed communications 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 found 21 charges/mortgages relating to truespeed communications ltd. Currently there are 11 open charges and 10 have been satisfied in the past.
truespeed communications ltd 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.
Click to start generating capital raising & share issue transactions for TRUESPEED COMMUNICATIONS LTD. This can take several minutes, an email will notify you when this has completed.
truespeed communications ltd Companies House Filings - See Documents
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