tts developments ltd
tts developments ltd Company Information
Company Number
09599466
Next Accounts
Feb 2026
Shareholders
karen lois merkel
stephen merkel
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
unit 8 (gf) magellan terrace, gatwick road, gatwick, RH10 9PJ
Website
ttsdev.co.uktts developments ltd Estimated Valuation
Pomanda estimates the enterprise value of TTS DEVELOPMENTS LTD at £836.8k based on a Turnover of £2.9m and 0.29x industry multiple (adjusted for size and gross margin).
tts developments ltd Estimated Valuation
Pomanda estimates the enterprise value of TTS DEVELOPMENTS LTD at £32.8k based on an EBITDA of £12.7k and a 2.58x industry multiple (adjusted for size and gross margin).
tts developments ltd Estimated Valuation
Pomanda estimates the enterprise value of TTS DEVELOPMENTS LTD at £0 based on Net Assets of £-60.9k and 1.34x industry multiple (adjusted for liquidity).
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Tts Developments Ltd Overview
Tts Developments Ltd is a live company located in gatwick, RH10 9PJ with a Companies House number of 09599466. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 2015, it's largest shareholder is karen lois merkel with a 50% stake. Tts Developments Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.9m with high growth in recent years.
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Tts Developments Ltd Health Check
Pomanda's financial health check has awarded Tts Developments Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £2.9m, make it larger than the average company (£373.5k)
- Tts Developments Ltd
£373.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (10.3%)
- Tts Developments Ltd
10.3% - Industry AVG
Production
with a gross margin of 10.1%, this company has a higher cost of product (20.6%)
- Tts Developments Ltd
20.6% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (4.7%)
- Tts Developments Ltd
4.7% - Industry AVG
Employees
with 6 employees, this is above the industry average (3)
- Tts Developments Ltd
3 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£41.1k)
- Tts Developments Ltd
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £485.9k, this is more efficient (£170.9k)
- Tts Developments Ltd
£170.9k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (25 days)
- Tts Developments Ltd
25 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (30 days)
- Tts Developments Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tts Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Tts Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.8%, this is a higher level of debt than the average (70.2%)
112.8% - Tts Developments Ltd
70.2% - Industry AVG
TTS DEVELOPMENTS LTD financials
Tts Developments Ltd's latest turnover from May 2024 is estimated at £2.9 million and the company has net assets of -£60.9 thousand. According to their latest financial statements, we estimate that Tts Developments Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 1 | 1 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,033 | 15,216 | 18,398 | 31,078 | 31,078 | 31,078 | 31,078 | 36,078 | 31,978 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | 5,650 | ||||||||
| Total Fixed Assets | 12,033 | 15,216 | 18,398 | 31,078 | 31,078 | 31,078 | 31,078 | 36,078 | 37,628 |
| Stock & work in progress | 539,605 | ||||||||
| Trade Debtors | 463,451 | 458,555 | 446,584 | 456,077 | 437,929 | 435,515 | 270,552 | 1,317,315 | |
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 7,953 | ||||||||
| misc current assets | |||||||||
| total current assets | 463,451 | 458,555 | 446,584 | 456,077 | 437,929 | 435,515 | 270,552 | 1,317,315 | 547,558 |
| total assets | 475,484 | 473,771 | 464,982 | 487,155 | 469,007 | 466,593 | 301,630 | 1,353,393 | 585,186 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 536,345 | 544,154 | 545,059 | 288,963 | 288,215 | 310,643 | 143,737 | 196,884 | 27,848 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 536,345 | 544,154 | 545,059 | 288,963 | 288,215 | 310,643 | 143,737 | 196,884 | 27,848 |
| loans | 27,848 | ||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 224,937 | 224,937 | 212,143 | 175,807 | 1,172,445 | 538,585 | |||
| provisions | |||||||||
| total long term liabilities | 224,937 | 224,937 | 212,143 | 175,807 | 1,172,445 | 566,433 | |||
| total liabilities | 536,345 | 544,154 | 545,059 | 513,900 | 513,152 | 522,786 | 319,544 | 1,369,329 | 594,281 |
| net assets | -60,861 | -70,383 | -80,077 | -26,745 | -44,145 | -56,193 | -17,914 | -15,936 | -9,095 |
| total shareholders funds | -60,861 | -70,383 | -80,077 | -26,745 | -44,145 | -56,193 | -17,914 | -15,936 | -9,095 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | -539,605 | 539,605 | |||||||
| Debtors | 4,896 | 11,971 | -9,493 | 18,148 | 2,414 | 164,963 | -1,046,763 | 1,311,665 | 5,650 |
| Creditors | -7,809 | -905 | 256,096 | 748 | -22,428 | 166,906 | -53,147 | 169,036 | 27,848 |
| Accruals and Deferred Income | |||||||||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | -27,848 | 27,848 | |||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -224,937 | 12,794 | 36,336 | -996,638 | 633,860 | 538,585 | |||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -7,953 | 7,953 | |||||||
| overdraft | |||||||||
| change in cash | -7,953 | 7,953 |
tts developments ltd Credit Report and Business Information
Tts Developments Ltd Competitor Analysis
Perform a competitor analysis for tts developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in RH10 area or any other competitors across 12 key performance metrics.
tts developments ltd Ownership
TTS DEVELOPMENTS LTD group structure
Tts Developments Ltd has no subsidiary companies.
Ultimate parent company
TTS DEVELOPMENTS LTD
09599466
tts developments ltd directors
Tts Developments Ltd currently has 2 directors. The longest serving directors include Mr Stephen Merkel (May 2015) and Mrs Karen Merkel (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Merkel | United Kingdom | 69 years | May 2015 | - | Director |
| Mrs Karen Merkel | United Kingdom | 67 years | Mar 2016 | - | Director |
P&L
May 2024turnover
2.9m
+15%
operating profit
12.7k
0%
gross margin
10.2%
-7.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
-60.9k
-0.14%
total assets
475.5k
0%
cash
0
0%
net assets
Total assets minus all liabilities
tts developments ltd company details
company number
09599466
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
unit 8 (gf) magellan terrace, gatwick road, gatwick, RH10 9PJ
Bank
-
Legal Advisor
-
tts developments 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 2 charges/mortgages relating to tts developments ltd. Currently there are 0 open charges and 2 have been satisfied in the past.
tts developments 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 TTS DEVELOPMENTS LTD. This can take several minutes, an email will notify you when this has completed.
tts developments ltd Companies House Filings - See Documents
| date | description | view/download |
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