tiktok information technologies uk limited Company Information
Company Number
10165711
Website
http://tiktok.comRegistered 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
Shareholders
tiktok ltd 100%
tiktok information technologies uk limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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
4 Strong
0 Regular
7 Weak
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
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
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
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
with 8503 employees, this is above the industry average (33)
8503 - Tiktok Information Technologies Uk Limited
33 - Industry AVG
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
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
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tiktok Information Technologies Uk Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | |
---|---|---|---|---|---|---|---|---|
Turnover | 3,460,195,292 | 1,981,773,522 | 784,147,732 | 151,459,279 | 19,387,226 | |||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||
Cost Of Sales | 2,560,411,778 | 1,379,307,395 | 798,440,345 | 275,278,699 | 10,249,219 | |||
Gross Profit | 899,783,514 | 602,466,127 | -14,292,613 | -123,819,420 | 9,138,007 | |||
Admin Expenses | 1,935,781,546 | 990,068,882 | 694,739,926 | 453,584,384 | 96,129,688 | |||
Operating Profit | -1,035,998,032 | -387,602,755 | -709,032,539 | -577,403,804 | -86,991,681 | |||
Interest Payable | 187,272,727 | 2,266,293 | 125,881 | 36,554 | 25,185 | |||
Interest Receivable | 107,837,408 | 856,104 | 0 | 0 | 0 | |||
Pre-Tax Profit | -1,114,842,934 | -389,012,944 | -709,158,420 | -577,400,034 | -87,016,866 | |||
Tax | -14,706,684 | -21,512,376 | -4,743,884 | -15,038 | 0 | |||
Profit After Tax | -1,129,549,618 | -410,525,320 | -713,902,304 | -577,415,072 | -87,016,866 | |||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||
Retained Profit | -1,129,549,618 | -410,548,785 | -713,909,429 | -577,415,072 | -87,016,866 | |||
Employee Costs | 609,263,493 | 500,118,083 | 309,755,364 | 106,636,622 | 12,284,918 | |||
Number Of Employees | 8,503 | 7,009 | 4,396 | 1,302 | 208 | 7 | ||
EBITDA* | -985,697,526 | -377,384,756 | -704,385,244 | -575,960,826 | -86,948,934 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 252,305,654 | 113,139,050 | 20,171,799 | 7,931,708 | 371,020 | 11,731 | 0 | 0 |
Intangible Assets | 1,086,216 | 1,059,723 | 1,032,381 | 237,474 | 0 | 0 | 0 | 0 |
Investments & Other | 15,189,615 | 14,382 | 0 | 0 | 0 | 47,984,227 | 45,663,256 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 268,581,485 | 114,213,156 | 21,204,180 | 8,169,183 | 371,021 | 47,995,958 | 45,663,256 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 557,553,554 | 367,522,519 | 230,284,221 | 60,950,393 | 7,401,447 | 713,818 | 100 | 0 |
Group Debtors | 4,647,686,776 | 1,233,753,690 | 265,995,566 | 21,895,316 | 7,463,211 | 0 | 0 | 0 |
Misc Debtors | 230,344,409 | 193,369,919 | 87,632,016 | 48,975,972 | 2,768,234 | 0 | 0 | 0 |
Cash | 260,395,125 | 154,179,093 | 71,808,250 | 28,509,156 | 9,626,068 | 1,219,212 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 5,695,979,865 | 1,948,825,221 | 655,720,054 | 160,330,838 | 27,258,961 | 1,933,030 | 100 | 0 |
total assets | 5,964,561,350 | 2,063,038,377 | 676,924,234 | 168,500,020 | 27,629,982 | 49,928,988 | 45,663,356 | 0 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 65,611,990 | 142,306,411 | 26,102,446 | 36,015,331 | 836,969 | 2,545,374 | 0 | 0 |
Group/Directors Accounts | 7,258,172,735 | 3,077,922,186 | 1,712,470,905 | 752,756,883 | 111,786,836 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 537,275,755 | 404,898,947 | 216,659,805 | 50,601,923 | 4,936,944 | 0 | 0 | 0 |
total current liabilities | 7,861,060,480 | 3,625,127,545 | 1,955,233,157 | 839,374,137 | 117,560,750 | 2,545,374 | 0 | 0 |
loans | 49,958,368 | 49,958,368 | 52,252,394 | 7,942,811 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 765,905,684 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 815,864,052 | 49,958,368 | 52,252,395 | 7,942,812 | 0 | 0 | 0 | 0 |
total liabilities | 8,676,924,532 | 3,675,085,913 | 2,007,485,552 | 847,316,949 | 117,560,750 | 2,545,374 | 0 | 0 |
net assets | -2,712,393,460 | -1,612,077,814 | -1,330,568,443 | -678,816,929 | -89,930,768 | 47,383,614 | 45,663,356 | 0 |
total shareholders funds | -2,712,393,460 | -1,612,077,814 | -1,330,568,443 | -678,816,929 | -89,930,768 | 47,383,614 | 45,663,356 | 0 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | -1,035,998,032 | -387,602,755 | -709,032,539 | -577,403,804 | -86,991,681 | |||
Depreciation | 49,017,485 | 8,890,319 | 4,066,186 | 1,288,853 | 42,747 | 382 | ||
Amortisation | 1,283,021 | 1,327,681 | 581,109 | 154,125 | 0 | 0 | ||
Tax | -14,706,684 | -21,512,376 | -4,743,884 | -15,038 | 0 | |||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 3,640,938,611 | 1,210,734,324 | 452,090,123 | 114,188,789 | 16,919,074 | 713,818 | 100 | 0 |
Creditors | -76,694,421 | 116,203,965 | -9,912,884 | 35,178,361 | -1,708,405 | 2,545,374 | 0 | 0 |
Accruals and Deferred Income | 132,376,808 | 188,239,142 | 166,057,882 | 45,664,979 | 4,936,944 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 765,905,684 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -3,819,754,750 | -1,305,188,348 | -1,005,074,253 | -609,321,313 | -100,639,469 | |||
Investing Activities | ||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | |||
Change in Investments | 15,175,233 | 14,382 | 0 | 0 | -47,984,227 | 47,984,227 | 45,663,256 | 0 |
cash flow from investments | -15,175,233 | -14,382 | 0 | 0 | 47,984,227 | |||
Financing Activities | ||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 4,180,250,549 | 1,365,451,281 | 959,714,022 | 640,970,047 | 111,786,836 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | -2,294,026 | 44,309,583 | 7,942,811 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||
interest | -79,435,319 | -1,410,189 | -125,881 | -36,554 | -25,185 | |||
cash flow from financing | 4,130,049,202 | 1,490,786,480 | 1,066,055,639 | 637,405,215 | 61,464,135 | |||
cash and cash equivalents | ||||||||
cash | 106,216,032 | 82,370,844 | 43,299,093 | 18,883,088 | 8,406,856 | 1,219,212 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 106,216,032 | 82,370,844 | 43,299,093 | 18,883,088 | 8,406,856 | 1,219,212 | 0 | 0 |
tiktok information technologies uk limited Credit Report and Business Information
Tiktok Information Technologies Uk Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Adam Presser | United Kingdom | 40 years | Jul 2023 | - | Director |
Mr Harsh Vekaria | United Kingdom | 34 years | Dec 2023 | - | Director |
P&L
December 2023turnover
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 2023net assets
-2.7b
+0.68%
total assets
6b
+1.89%
cash
260.4m
+0.69%
net assets
Total assets minus all liabilities
Similar Companies
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.
tiktok information technologies uk limited Companies House Filings - See Documents
date | description | view/download |
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