tiktok information technologies uk limited

2.5

tiktok information technologies uk limited Company Information

Share TIKTOK INFORMATION TECHNOLOGIES UK LIMITED
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Company Number

10165711

Registered Address

kaleidoscope 4 lindsey street, london, EC1A 9HP

Industry

Other information technology and computer service activities

 

Other information service activities n.e.c.

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

View All

Directors

Adam Presser1 Years

Harsh Vekaria0 Years

Shareholders

tiktok ltd 100%

tiktok information technologies uk limited Estimated Valuation

£5.4b

Pomanda estimates the enterprise value of TIKTOK INFORMATION TECHNOLOGIES UK LIMITED at £5.4b based on a Turnover of £3.5b and 1.56x industry multiple (adjusted for size and gross margin).

tiktok information technologies uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TIKTOK INFORMATION TECHNOLOGIES UK LIMITED at £0 based on an EBITDA of £-985.7m and a 7.91x industry multiple (adjusted for size and gross margin).

tiktok information technologies uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TIKTOK INFORMATION TECHNOLOGIES UK LIMITED at £0 based on Net Assets of £-2.7b and 2.52x industry multiple (adjusted for liquidity).

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Tiktok Information Technologies Uk Limited Overview

Tiktok Information Technologies Uk Limited is a live company located in london, EC1A 9HP with a Companies House number of 10165711. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2016, it's largest shareholder is tiktok ltd with a 100% stake. Tiktok Information Technologies Uk Limited is a young, mega sized company, Pomanda has estimated its turnover at £3.5b with rapid growth in recent years.

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Tiktok Information Technologies Uk Limited Health Check

Pomanda's financial health check has awarded Tiktok Information Technologies Uk Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

7 Weak

size

Size

annual sales of £3.5b, make it larger than the average company (£4.2m)

£3.5b - Tiktok Information Technologies Uk Limited

£4.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 184%, show it is growing at a faster rate (7.5%)

184% - Tiktok Information Technologies Uk Limited

7.5% - Industry AVG

production

Production

with a gross margin of 26%, this company has a higher cost of product (60.2%)

26% - Tiktok Information Technologies Uk Limited

60.2% - Industry AVG

profitability

Profitability

an operating margin of -29.9% make it less profitable than the average company (4.7%)

-29.9% - Tiktok Information Technologies Uk Limited

4.7% - Industry AVG

employees

Employees

with 8503 employees, this is above the industry average (33)

8503 - Tiktok Information Technologies Uk Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.7k, the company has a higher pay structure (£52.6k)

£71.7k - Tiktok Information Technologies Uk Limited

£52.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £406.9k, this is more efficient (£121.7k)

£406.9k - Tiktok Information Technologies Uk Limited

£121.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is later than average (44 days)

58 days - Tiktok Information Technologies Uk Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (33 days)

9 days - Tiktok Information Technologies Uk Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tiktok Information Technologies Uk Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (46 weeks)

1 weeks - Tiktok Information Technologies Uk Limited

46 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 145.5%, this is a higher level of debt than the average (48.8%)

145.5% - Tiktok Information Technologies Uk Limited

48.8% - Industry AVG

TIKTOK INFORMATION TECHNOLOGIES UK LIMITED financials

EXPORTms excel logo

Tiktok Information Technologies Uk Limited's latest turnover from December 2023 is £3.5 billion and the company has net assets of -£2.7 billion. According to their latest financial statements, Tiktok Information Technologies Uk Limited has 8,503 employees and maintains cash reserves of £260.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018May 2018May 2017
Turnover3,460,195,2921,981,773,522784,147,732151,459,27919,387,2264,570,9287460
Other Income Or Grants00000000
Cost Of Sales2,560,411,7781,379,307,395798,440,345275,278,69910,249,2191,952,3473120
Gross Profit899,783,514602,466,127-14,292,613-123,819,4209,138,0072,618,5814340
Admin Expenses1,935,781,546990,068,882694,739,926453,584,38496,129,6883,193,0294340
Operating Profit-1,035,998,032-387,602,755-709,032,539-577,403,804-86,991,681-574,44800
Interest Payable187,272,7272,266,293125,88136,55425,185000
Interest Receivable107,837,408856,1040004,57200
Pre-Tax Profit-1,114,842,934-389,012,944-709,158,420-577,400,034-87,016,866-569,87600
Tax-14,706,684-21,512,376-4,743,884-15,0380000
Profit After Tax-1,129,549,618-410,525,320-713,902,304-577,415,072-87,016,866-569,87600
Dividends Paid00000000
Retained Profit-1,129,549,618-410,548,785-713,909,429-577,415,072-87,016,866-569,87600
Employee Costs609,263,493500,118,083309,755,364106,636,62212,284,918305,82840,1630
Number Of Employees8,5037,0094,3961,302208710
EBITDA*-985,697,526-377,384,756-704,385,244-575,960,826-86,948,934-574,06600

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018May 2018May 2017
Tangible Assets252,305,654113,139,05020,171,7997,931,708371,02011,73100
Intangible Assets1,086,2161,059,7231,032,381237,4740000
Investments & Other15,189,61514,38200047,984,22745,663,2560
Debtors (Due After 1 year)00000000
Total Fixed Assets268,581,485114,213,15621,204,1808,169,183371,02147,995,95845,663,2560
Stock & work in progress00000000
Trade Debtors557,553,554367,522,519230,284,22160,950,3937,401,447713,8181000
Group Debtors4,647,686,7761,233,753,690265,995,56621,895,3167,463,211000
Misc Debtors230,344,409193,369,91987,632,01648,975,9722,768,234000
Cash260,395,125154,179,09371,808,25028,509,1569,626,0681,219,21200
misc current assets00000000
total current assets5,695,979,8651,948,825,221655,720,054160,330,83827,258,9611,933,0301000
total assets5,964,561,3502,063,038,377676,924,234168,500,02027,629,98249,928,98845,663,3560
Bank overdraft00000000
Bank loan00000000
Trade Creditors 65,611,990142,306,41126,102,44636,015,331836,9692,545,37400
Group/Directors Accounts7,258,172,7353,077,922,1861,712,470,905752,756,883111,786,836000
other short term finances00000000
hp & lease commitments00000000
other current liabilities537,275,755404,898,947216,659,80550,601,9234,936,944000
total current liabilities7,861,060,4803,625,127,5451,955,233,157839,374,137117,560,7502,545,37400
loans49,958,36849,958,36852,252,3947,942,8110000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions765,905,6840000000
total long term liabilities815,864,05249,958,36852,252,3957,942,8120000
total liabilities8,676,924,5323,675,085,9132,007,485,552847,316,949117,560,7502,545,37400
net assets-2,712,393,460-1,612,077,814-1,330,568,443-678,816,929-89,930,76847,383,61445,663,3560
total shareholders funds-2,712,393,460-1,612,077,814-1,330,568,443-678,816,929-89,930,76847,383,61445,663,3560
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018May 2018May 2017
Operating Activities
Operating Profit-1,035,998,032-387,602,755-709,032,539-577,403,804-86,991,681-574,44800
Depreciation49,017,4858,890,3194,066,1861,288,85342,74738200
Amortisation1,283,0211,327,681581,109154,1250000
Tax-14,706,684-21,512,376-4,743,884-15,0380000
Stock00000000
Debtors3,640,938,6111,210,734,324452,090,123114,188,78916,919,074713,8181000
Creditors-76,694,421116,203,965-9,912,88435,178,361-1,708,4052,545,37400
Accruals and Deferred Income132,376,808188,239,142166,057,88245,664,9794,936,944000
Deferred Taxes & Provisions765,905,6840000000
Cash flow from operations-3,819,754,750-1,305,188,348-1,005,074,253-609,321,313-100,639,4691,257,490-1000
Investing Activities
capital expenditure00000-12,11300
Change in Investments15,175,23314,38200-47,984,22747,984,22745,663,2560
cash flow from investments-15,175,233-14,3820047,984,227-47,996,340-45,663,2560
Financing Activities
Bank loans00000000
Group/Directors Accounts4,180,250,5491,365,451,281959,714,022640,970,047111,786,836000
Other Short Term Loans 00000000
Long term loans0-2,294,02644,309,5837,942,8110000
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue29,233,972129,039,41462,157,915-11,471,089-50,297,51647,953,49045,663,3560
interest-79,435,319-1,410,189-125,881-36,554-25,1854,57200
cash flow from financing4,130,049,2021,490,786,4801,066,055,639637,405,21561,464,13547,958,06245,663,3560
cash and cash equivalents
cash106,216,03282,370,84443,299,09318,883,0888,406,8561,219,21200
overdraft00000000
change in cash106,216,03282,370,84443,299,09318,883,0888,406,8561,219,21200

tiktok information technologies uk limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tiktok Information Technologies Uk Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for tiktok information technologies uk limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC1A area or any other competitors across 12 key performance metrics.

tiktok information technologies uk limited Ownership

TIKTOK INFORMATION TECHNOLOGIES UK LIMITED group structure

Tiktok Information Technologies Uk Limited has no subsidiary companies.

Ultimate parent company

1 parent

TIKTOK INFORMATION TECHNOLOGIES UK LIMITED

10165711

TIKTOK INFORMATION TECHNOLOGIES UK LIMITED Shareholders

tiktok ltd 100%

tiktok information technologies uk limited directors

Tiktok Information Technologies Uk Limited currently has 2 directors. The longest serving directors include Mr Adam Presser (Jul 2023) and Mr Harsh Vekaria (Dec 2023).

officercountryagestartendrole
Mr Adam PresserUnited Kingdom40 years Jul 2023- Director
Mr Harsh VekariaUnited Kingdom34 years Dec 2023- Director

P&L

December 2023

turnover

3.5b

+75%

operating profit

-1b

+167%

gross margin

26.1%

-14.46%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-2.7b

+0.68%

total assets

6b

+1.89%

cash

260.4m

+0.69%

net assets

Total assets minus all liabilities

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tiktok information technologies uk limited company details

company number

10165711

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

63990 - Other information service activities n.e.c.

incorporation date

May 2016

age

8

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

December 2023

previous names

bytedance uk limited (November 2019)

cheetah technology uk limited (January 2018)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

kaleidoscope 4 lindsey street, london, EC1A 9HP

Bank

CITIBANK UK LIMITED

Legal Advisor

-

tiktok information technologies uk 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 found 1 charges/mortgages relating to tiktok information technologies uk limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

tiktok information technologies uk limited Companies House Filings - See Documents

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