theset ltd
theset ltd Company Information
Company Number
09418410
Next Accounts
80 days late
Shareholders
waseem tailor
mogsin kothia
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
+1Registered Address
3rd floor 86-90 paul street, london, EC2A 4NE
Website
http://filtons.comtheset ltd Estimated Valuation
Pomanda estimates the enterprise value of THESET LTD at £16.9m based on a Turnover of £21.9m and 0.77x industry multiple (adjusted for size and gross margin).
theset ltd Estimated Valuation
Pomanda estimates the enterprise value of THESET LTD at £11m based on an EBITDA of £2.6m and a 4.15x industry multiple (adjusted for size and gross margin).
theset ltd Estimated Valuation
Pomanda estimates the enterprise value of THESET LTD at £66.8m based on Net Assets of £39.2m and 1.71x industry multiple (adjusted for liquidity).
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Theset Ltd Overview
Theset Ltd is a live company located in london, EC2A 4NE with a Companies House number of 09418410. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2015, it's largest shareholder is waseem tailor with a 50% stake. Theset Ltd is a established, large sized company, Pomanda has estimated its turnover at £21.9m with rapid growth in recent years.
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Theset Ltd Health Check
Pomanda's financial health check has awarded Theset Ltd a 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
6 Strong
2 Regular
4 Weak
Size
annual sales of £21.9m, make it in line with the average company (£18.5m)
£21.9m - Theset Ltd
£18.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (5.9%)
- Theset Ltd
5.9% - Industry AVG
Production
with a gross margin of 9.9%, this company has a higher cost of product (34.1%)
9.9% - Theset Ltd
34.1% - Industry AVG
Profitability
an operating margin of 12% make it more profitable than the average company (5.5%)
12% - Theset Ltd
5.5% - Industry AVG
Employees
with 41 employees, this is below the industry average (106)
41 - Theset Ltd
106 - Industry AVG
Pay Structure
on an average salary of £26.6k, the company has a lower pay structure (£44.1k)
£26.6k - Theset Ltd
£44.1k - Industry AVG
Efficiency
resulting in sales per employee of £534.7k, this is more efficient (£186.1k)
£534.7k - Theset Ltd
£186.1k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (46 days)
50 days - Theset Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (45 days)
7 days - Theset Ltd
45 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is less than average (43 days)
20 days - Theset Ltd
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (16 weeks)
8 weeks - Theset Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.3%, this is a lower level of debt than the average (62.7%)
30.3% - Theset Ltd
62.7% - Industry AVG
THESET LTD financials
Theset Ltd's latest turnover from March 2023 is £21.9 million and the company has net assets of £39.2 million. According to their latest financial statements, Theset Ltd has 41 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 21,923,516 | |||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 19,756,647 | |||||||
| Gross Profit | 2,166,869 | |||||||
| Admin Expenses | -470,130 | |||||||
| Operating Profit | 2,636,999 | |||||||
| Interest Payable | 23,619 | |||||||
| Interest Receivable | 2,241 | |||||||
| Pre-Tax Profit | 15,330,100 | |||||||
| Tax | -696,525 | |||||||
| Profit After Tax | 14,633,575 | |||||||
| Dividends Paid | ||||||||
| Retained Profit | 14,539,903 | |||||||
| Employee Costs | 1,091,617 | |||||||
| Number Of Employees | 41 | 5 | 4 | 4 | 4 | 3 | 3 | 3 |
| EBITDA* | 2,649,421 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 26,093 | 493 | ||||||
| Intangible Assets | ||||||||
| Investments & Other | 38,605,462 | 16,995,053 | 10,179,062 | 734,807 | 202 | 193 | 493 | |
| Debtors (Due After 1 year) | 567,591 | |||||||
| Total Fixed Assets | 39,199,146 | 16,995,053 | 10,179,062 | 734,807 | 202 | 193 | 493 | 493 |
| Stock & work in progress | 1,109,940 | 1,385,061 | 3,256,897 | 1,425,879 | 1,972,463 | 657,224 | ||
| Trade Debtors | 3,053,915 | 175,730 | 52,585 | |||||
| Group Debtors | 4,073,082 | 68,102 | ||||||
| Misc Debtors | 6,065,678 | 7,451,787 | 850,132 | 172,176 | 372,095 | 177,893 | 79,517 | 57,880 |
| Cash | 2,803,230 | 1,413,593 | 1,126,229 | 269,129 | 105,389 | 695,287 | 844,788 | 130,985 |
| misc current assets | 3,141 | |||||||
| total current assets | 17,108,986 | 10,426,171 | 5,233,258 | 1,867,184 | 2,449,947 | 1,598,506 | 924,305 | 241,450 |
| total assets | 56,308,132 | 27,421,224 | 15,412,320 | 2,601,991 | 2,450,149 | 1,598,699 | 924,798 | 241,943 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 384,035 | 17,719 | ||||||
| Group/Directors Accounts | 11,249,560 | |||||||
| other short term finances | ||||||||
| hp & lease commitments | 3,899 | |||||||
| other current liabilities | 4,778,626 | 4,777,106 | 4,039,144 | 430,046 | 748,517 | 22,294 | 15,776 | 5,306 |
| total current liabilities | 16,416,120 | 4,794,825 | 4,039,144 | 430,046 | 748,517 | 22,294 | 15,776 | 5,306 |
| loans | ||||||||
| hp & lease commitments | 4,769 | |||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 8,844,560 | 8,844,560 | ||||||
| provisions | 635,179 | |||||||
| total long term liabilities | 639,948 | 8,844,560 | 8,844,560 | |||||
| total liabilities | 17,056,068 | 13,639,385 | 12,883,704 | 430,046 | 748,517 | 22,294 | 15,776 | 5,306 |
| net assets | 39,162,284 | 13,781,839 | 2,528,616 | 2,171,945 | 1,701,632 | 1,576,405 | 909,022 | 236,637 |
| total shareholders funds | 39,162,284 | 13,781,839 | 2,528,616 | 2,171,945 | 1,701,632 | 1,576,405 | 909,022 | 236,637 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,636,999 | |||||||
| Depreciation | 12,422 | |||||||
| Amortisation | ||||||||
| Tax | -696,525 | |||||||
| Stock | -275,121 | -1,871,836 | 1,831,018 | -546,584 | 1,315,239 | 657,224 | ||
| Debtors | 6,132,749 | 6,777,385 | 677,956 | -199,919 | 126,100 | 166,478 | -30,948 | 110,465 |
| Creditors | 366,316 | 17,719 | ||||||
| Accruals and Deferred Income | 1,520 | 737,962 | 3,609,098 | -318,471 | 726,223 | 6,518 | 10,470 | 5,306 |
| Deferred Taxes & Provisions | 635,179 | |||||||
| Cash flow from operations | -2,901,717 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 21,610,409 | 6,815,991 | 9,444,255 | 734,605 | 9 | -300 | 493 | |
| cash flow from investments | -21,610,409 | |||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 11,249,560 | |||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | 8,668 | |||||||
| other long term liabilities | -8,844,560 | 8,844,560 | ||||||
| share issue | ||||||||
| interest | -21,378 | |||||||
| cash flow from financing | 13,232,832 | |||||||
| cash and cash equivalents | ||||||||
| cash | 1,389,637 | 287,364 | 857,100 | 163,740 | -589,898 | -149,501 | 713,803 | 130,985 |
| overdraft | ||||||||
| change in cash | 1,389,637 | 287,364 | 857,100 | 163,740 | -589,898 | -149,501 | 713,803 | 130,985 |
theset ltd Credit Report and Business Information
Theset Ltd Competitor Analysis
Perform a competitor analysis for theset ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2A area or any other competitors across 12 key performance metrics.
theset ltd Ownership
THESET LTD group structure
Theset Ltd has 11 subsidiary companies.
Ultimate parent company
THESET LTD
09418410
11 subsidiaries
theset ltd directors
Theset Ltd currently has 2 directors. The longest serving directors include Mr Waseem Tailor (May 2015) and Mr Mohsin Kothia (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Waseem Tailor | England | 39 years | May 2015 | - | Director |
| Mr Mohsin Kothia | England | 38 years | May 2015 | - | Director |
P&L
March 2023turnover
21.9m
0%
operating profit
2.6m
0%
gross margin
9.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
39.2m
+1.84%
total assets
56.3m
+1.05%
cash
2.8m
+0.98%
net assets
Total assets minus all liabilities
theset ltd company details
company number
09418410
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
70100 - Activities of head offices
incorporation date
February 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
3rd floor 86-90 paul street, london, EC2A 4NE
Bank
-
Legal Advisor
-
theset 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 1 charges/mortgages relating to theset ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
theset 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 THESET LTD. This can take several minutes, an email will notify you when this has completed.
theset ltd Companies House Filings - See Documents
| date | description | view/download |
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