Pomanda estimates the enterprise value of COMBINED TEST SOLUTIONS LTD at £470.1k based on a Turnover of £925.6k and 0.51x industry multiple (adjusted for size and gross margin).
combined test solutions ltdEstimated Valuation
£564.4k
Pomanda estimates the enterprise value of COMBINED TEST SOLUTIONS LTD at £564.4k based on an EBITDA of £138.1k and a 4.09x industry multiple (adjusted for size and gross margin).
combined test solutions ltdEstimated Valuation
£936.4k
Pomanda estimates the enterprise value of COMBINED TEST SOLUTIONS LTD at £936.4k based on Net Assets of £502.7k and 1.86x industry multiple (adjusted for liquidity).
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Combined Test Solutions LtdOverview
Combined Test Solutions Ltd is a live company located in bedfordshire, LU7 4RW with a Companies House number of 09221117. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in September 2014, it's largest shareholder is
timothy edward john morris
with a 73.8% stake. Combined Test Solutions Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£925.6k with
declining
growth in recent years.
Pomanda's financial health check has awarded Combined Test Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £925.6k, make it smaller than the average company (£14.5m)
£925.6k - Combined Test Solutions Ltd
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (9.7%)
-29% - Combined Test Solutions Ltd
9.7% - Industry AVG
Production
with a gross margin of 36.4%, this company has a comparable cost of product (36.4%)
36.4% - Combined Test Solutions Ltd
36.4% - Industry AVG
Profitability
an operating margin of 14% make it more profitable than the average company (6.9%)
14% - Combined Test Solutions Ltd
6.9% - Industry AVG
Employees
with 8 employees, this is below the industry average (82)
8 - Combined Test Solutions Ltd
82 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
£51.9k - Combined Test Solutions Ltd
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £115.7k, this is less efficient (£193.9k)
£115.7k - Combined Test Solutions Ltd
£193.9k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (57 days)
37 days - Combined Test Solutions Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (40 days)
61 days - Combined Test Solutions Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Combined Test Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 91 weeks, this is more cash available to meet short term requirements (14 weeks)
91 weeks - Combined Test Solutions Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.9%, this is a higher level of debt than the average (40.1%)
48.9% - Combined Test Solutions Ltd
40.1% - Industry AVG
COMBINED TEST SOLUTIONS LTD financials
EXPORT
Combined Test Solutions Ltd's latest turnover from September 2024 is estimated at £925.6 thousand and the company has net assets of £502.7 thousand. According to their latest financial statements, Combined Test Solutions Ltd has 8 employees and maintains cash reserves of £845.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Turnover
925,647
963,160
916,640
2,617,788
2,269,879
2,143,550
1,081,585
405,125
476,966
852,907
Other Income Or Grants
Cost Of Sales
588,710
629,402
601,269
1,747,710
1,519,863
1,451,313
726,202
262,292
303,828
559,768
Gross Profit
336,937
333,758
315,370
870,078
750,016
692,237
355,383
142,833
173,138
293,139
Admin Expenses
207,150
162,527
154,257
629,030
678,156
563,200
213,999
-1,669
137,160
210,100
Operating Profit
129,787
171,231
161,113
241,048
71,860
129,037
141,384
144,502
35,978
83,039
Interest Payable
Interest Receivable
35,857
32,754
7,414
1,407
2,407
548
356
283
Pre-Tax Profit
165,644
203,985
168,527
241,048
71,860
130,444
143,791
145,049
36,334
83,323
Tax
-41,411
-50,996
-32,020
-45,799
-13,653
-24,784
-27,320
-27,559
-7,267
-16,664
Profit After Tax
124,233
152,989
136,507
195,249
58,207
105,660
116,471
117,490
29,067
66,658
Dividends Paid
Retained Profit
124,233
152,989
136,507
195,249
58,207
105,660
116,471
117,490
29,067
66,658
Employee Costs
415,308
389,067
369,429
132,083
127,851
126,015
126,414
163,484
153,878
229,758
Number Of Employees
8
8
8
3
3
3
3
4
4
6
EBITDA*
138,073
181,764
161,113
241,048
71,860
136,171
148,674
144,502
37,166
83,039
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Tangible Assets
32,820
36,344
18,387
22,583
9,917
16,876
24,010
3,745
3,565
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
32,820
36,344
18,387
22,583
9,917
16,876
24,010
3,745
3,565
Stock & work in progress
Trade Debtors
95,018
166,504
152,417
862,261
679,128
664,498
231,105
42,577
64,018
140,287
Group Debtors
Misc Debtors
10,643
85,624
287,559
9,149
6,612
6,506
Cash
845,538
588,746
659,041
375,227
266,644
171,454
113,225
misc current assets
276,417
total current assets
951,199
1,117,291
1,099,017
871,410
685,740
671,004
606,332
309,221
235,472
253,512
total assets
984,019
1,153,635
1,117,404
893,993
695,657
687,880
630,342
312,966
239,037
253,512
Bank overdraft
Bank loan
Trade Creditors
99,549
76,391
71,241
203,941
200,854
210,034
300,556
99,651
143,212
186,754
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
381,817
98,824
220,754
total current liabilities
481,366
175,215
291,995
203,941
200,854
210,034
300,556
99,651
143,212
186,754
loans
hp & lease commitments
Accruals and Deferred Income
1,250
1,250
42,500
other liabilities
provisions
total long term liabilities
1,250
1,250
42,500
total liabilities
481,366
175,215
291,995
205,191
202,104
252,534
300,556
99,651
143,212
186,754
net assets
502,653
978,420
825,409
688,802
493,553
435,346
329,786
213,315
95,825
66,758
total shareholders funds
502,653
978,420
825,409
688,802
493,553
435,346
329,786
213,315
95,825
66,758
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Operating Activities
Operating Profit
129,787
171,231
161,113
241,048
71,860
129,037
141,384
144,502
35,978
83,039
Depreciation
8,286
10,533
7,134
7,290
1,188
Amortisation
Tax
-41,411
-50,996
-32,020
-45,799
-13,653
-24,784
-27,320
-27,559
-7,267
-16,664
Stock
Debtors
-146,467
-187,848
-431,434
185,670
14,736
439,899
188,528
-21,441
-76,269
140,287
Creditors
23,158
5,150
-132,700
3,087
-9,180
-90,522
200,905
-43,561
-43,542
186,754
Accruals and Deferred Income
282,993
-121,930
219,504
-41,250
42,500
Deferred Taxes & Provisions
Cash flow from operations
549,280
201,836
647,331
12,666
-6,959
-376,534
133,731
94,823
62,626
112,842
Investing Activities
capital expenditure
-4,762
-28,490
4,196
-12,666
6,959
-27,555
-180
-4,753
Change in Investments
cash flow from investments
-4,762
-28,490
4,196
-12,666
6,959
-27,555
-180
-4,753
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
-600,000
22
100
-100
100
interest
35,857
32,754
7,414
1,407
2,407
548
356
283
cash flow from financing
-564,143
32,776
7,514
1,307
2,407
548
356
383
cash and cash equivalents
cash
256,792
-70,295
659,041
-375,227
108,583
95,190
58,229
113,225
overdraft
change in cash
256,792
-70,295
659,041
-375,227
108,583
95,190
58,229
113,225
combined test solutions ltd 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 combined test solutions ltd. Get real-time insights into combined test solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for combined test solutions ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LU7 area or any other competitors across 12 key performance metrics.
combined test solutions ltd Ownership
COMBINED TEST SOLUTIONS LTD group structure
Combined Test Solutions Ltd has no subsidiary companies.
Ultimate parent company
COMBINED TEST SOLUTIONS LTD
09221117
COMBINED TEST SOLUTIONS LTD Shareholders
The largest shareholders in Combined Test Solutions Ltd include Timothy Edward John Morris and Catherine Louise Morris.
timothy edward john morris
73.77%
catherine louise morris
9.02%
david john morris
9.02%
asher naomi morris
8.2%
combined test solutions ltd directors
Combined Test Solutions Ltd currently has 2 directors.
The longest serving directors include
Mr Timothy Morris (May 2022) and
Mrs Asher Morris (Sep 2024).
unit 4 commerce way, leighton buzzard, bedfordshire, LU7 4RW
Bank
-
Legal Advisor
-
combined test solutions 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 combined test solutions ltd.
combined test solutions ltd Capital Raised & Share Issues BETA
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combined test solutions ltdCompanies House Filings - See Documents
