technical lift services ltd
technical lift services ltd Company Information
Company Number
10289924
Website
tlse.co.ukRegistered Address
47 balena close, poole, dorset, BH17 7DY
Industry
Repair of machinery
Telephone
441202062140
Next Accounts Due
April 2025
Group Structure
View All
Directors
Bobby Young8 Years
Shareholders
bobby young 100%
technical lift services ltd Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL LIFT SERVICES LTD at £314.3k based on a Turnover of £486.3k and 0.65x industry multiple (adjusted for size and gross margin).
technical lift services ltd Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL LIFT SERVICES LTD at £216.5k based on an EBITDA of £34.4k and a 6.29x industry multiple (adjusted for size and gross margin).
technical lift services ltd Estimated Valuation
Pomanda estimates the enterprise value of TECHNICAL LIFT SERVICES LTD at £167.7k based on Net Assets of £44.1k and 3.81x industry multiple (adjusted for liquidity).
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Technical Lift Services Ltd Overview
Technical Lift Services Ltd is a live company located in dorset, BH17 7DY with a Companies House number of 10289924. It operates in the repair of machinery sector, SIC Code 33120. Founded in July 2016, it's largest shareholder is bobby young with a 100% stake. Technical Lift Services Ltd is a young, micro sized company, Pomanda has estimated its turnover at £486.3k with declining growth in recent years.
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Technical Lift Services Ltd Health Check
Pomanda's financial health check has awarded Technical Lift Services Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
6 Weak
Size
annual sales of £486.3k, make it smaller than the average company (£6.4m)
- Technical Lift Services Ltd
£6.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.9%)
- Technical Lift Services Ltd
3.9% - Industry AVG
Production
with a gross margin of 32.4%, this company has a comparable cost of product (32.4%)
- Technical Lift Services Ltd
32.4% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (5.9%)
- Technical Lift Services Ltd
5.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (25)
6 - Technical Lift Services Ltd
25 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Technical Lift Services Ltd
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £81.1k, this is less efficient (£181.2k)
- Technical Lift Services Ltd
£181.2k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (54 days)
- Technical Lift Services Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (40 days)
- Technical Lift Services Ltd
40 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (80 days)
- Technical Lift Services Ltd
80 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (18 weeks)
15 weeks - Technical Lift Services Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.6%, this is a higher level of debt than the average (55.5%)
81.6% - Technical Lift Services Ltd
55.5% - Industry AVG
TECHNICAL LIFT SERVICES LTD financials
Technical Lift Services Ltd's latest turnover from July 2023 is estimated at £486.3 thousand and the company has net assets of £44.1 thousand. According to their latest financial statements, Technical Lift Services Ltd has 6 employees and maintains cash reserves of £41.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 6 | 3 | 1 | 3 | 5 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 105,892 | 59,082 | 7,906 | 10,792 | 14,823 | 15,182 | 4,781 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 105,892 | 59,082 | 7,906 | 10,792 | 14,823 | 15,182 | 4,781 |
| Stock & work in progress | 5,000 | 5,000 | 0 | 0 | 0 | 3,000 | 250 |
| Trade Debtors | 74,741 | 49,396 | 40,388 | 69,662 | 80,770 | 25,229 | 4,865 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 11,837 | 0 | 0 | 0 | 0 | 8,430 | 7,950 |
| Cash | 41,876 | 243,611 | 0 | 0 | 0 | 532 | 1,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 133,454 | 298,007 | 40,388 | 69,662 | 80,770 | 37,191 | 14,474 |
| total assets | 239,346 | 357,089 | 48,294 | 80,454 | 95,593 | 52,373 | 19,255 |
| Bank overdraft | 6,348 | 6,420 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 34,870 | 171,931 | 89,750 | 92,753 | 102,435 | 19,511 | 10,182 |
| Group/Directors Accounts | 362 | 54,938 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 46,577 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 49,985 | 35,551 | 0 | 0 | 0 | 42,777 | 7,446 |
| total current liabilities | 138,142 | 268,840 | 89,750 | 92,753 | 102,435 | 62,288 | 17,628 |
| loans | 37,028 | 42,802 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 49,329 | 50,000 | 15,000 | 0 | 0 |
| provisions | 20,119 | 0 | 0 | 0 | 0 | 0 | 942 |
| total long term liabilities | 57,147 | 42,802 | 49,329 | 50,000 | 15,000 | 0 | 942 |
| total liabilities | 195,289 | 311,642 | 139,079 | 142,753 | 117,435 | 62,288 | 18,570 |
| net assets | 44,057 | 45,447 | -90,785 | -62,299 | -21,842 | -9,915 | 685 |
| total shareholders funds | 44,057 | 45,447 | -90,785 | -62,299 | -21,842 | -9,915 | 685 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 35,297 | 0 | 6,654 | 1,689 | |||
| Amortisation | 0 | 0 | 0 | 0 | |||
| Tax | |||||||
| Stock | 0 | 5,000 | 0 | 0 | -3,000 | 2,750 | 250 |
| Debtors | 37,182 | 9,008 | -29,274 | -11,108 | 47,111 | 20,844 | 12,815 |
| Creditors | -137,061 | 82,181 | -3,003 | -9,682 | 82,924 | 9,329 | 10,182 |
| Accruals and Deferred Income | 14,434 | 35,551 | 0 | 0 | -42,777 | 35,331 | 7,446 |
| Deferred Taxes & Provisions | 20,119 | 0 | 0 | 0 | 0 | -942 | 942 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -54,576 | 54,938 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 46,577 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,774 | 42,802 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -49,329 | -671 | 35,000 | 15,000 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -201,735 | 243,611 | 0 | 0 | -532 | -877 | 1,409 |
| overdraft | -72 | 6,420 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -201,663 | 237,191 | 0 | 0 | -532 | -877 | 1,409 |
technical lift services ltd Credit Report and Business Information
Technical Lift Services Ltd Competitor Analysis
Perform a competitor analysis for technical lift services ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in BH17 area or any other competitors across 12 key performance metrics.
technical lift services ltd Ownership
TECHNICAL LIFT SERVICES LTD group structure
Technical Lift Services Ltd has no subsidiary companies.
Ultimate parent company
TECHNICAL LIFT SERVICES LTD
10289924
technical lift services ltd directors
Technical Lift Services Ltd currently has 1 director, Mr Bobby Young serving since Jul 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bobby Young | England | 39 years | Jul 2016 | - | Director |
P&L
July 2023turnover
486.3k
-8%
operating profit
-873.6
0%
gross margin
32.4%
+3.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
44.1k
-0.03%
total assets
239.3k
-0.33%
cash
41.9k
-0.83%
net assets
Total assets minus all liabilities
technical lift services ltd company details
company number
10289924
Type
Private limited with Share Capital
industry
33120 - Repair of machinery
incorporation date
July 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
47 balena close, poole, dorset, BH17 7DY
Bank
-
Legal Advisor
-
technical lift services 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 technical lift services ltd.
technical lift services ltd Companies House Filings - See Documents
| date | description | view/download |
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