trak global group limited
trak global group limited Company Information
Group Structure
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Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
global house westmere drive, crewe business park, crewe, cheshire, CW1 6ZD
Website
http://www.ims.techtrak global group limited Estimated Valuation
Pomanda estimates the enterprise value of TRAK GLOBAL GROUP LIMITED at £66.8m based on a Turnover of £26.2m and 2.55x industry multiple (adjusted for size and gross margin).
trak global group limited Estimated Valuation
Pomanda estimates the enterprise value of TRAK GLOBAL GROUP LIMITED at £162m based on an EBITDA of £15.3m and a 10.6x industry multiple (adjusted for size and gross margin).
trak global group limited Estimated Valuation
Pomanda estimates the enterprise value of TRAK GLOBAL GROUP LIMITED at £0 based on Net Assets of £-21.9m and 1.34x industry multiple (adjusted for liquidity).
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Trak Global Group Limited Overview
Trak Global Group Limited is a live company located in crewe, CW1 6ZD with a Companies House number of 10385568. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2016, it's largest shareholder is th black box bidco with a 100% stake. Trak Global Group Limited is a young, large sized company, Pomanda has estimated its turnover at £26.2m with declining growth in recent years.
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Trak Global Group Limited Health Check
Pomanda's financial health check has awarded Trak Global Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £26.2m, make it larger than the average company (£18.9m)
£26.2m - Trak Global Group Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (10.5%)
-5% - Trak Global Group Limited
10.5% - Industry AVG
Production
with a gross margin of 63.5%, this company has a lower cost of product (36.3%)
63.5% - Trak Global Group Limited
36.3% - Industry AVG
Profitability
an operating margin of 35.2% make it more profitable than the average company (4.5%)
35.2% - Trak Global Group Limited
4.5% - Industry AVG
Employees
with 171 employees, this is above the industry average (104)
171 - Trak Global Group Limited
104 - Industry AVG
Pay Structure
on an average salary of £68.6k, the company has a higher pay structure (£44.7k)
£68.6k - Trak Global Group Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £153k, this is less efficient (£191.6k)
£153k - Trak Global Group Limited
£191.6k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (45 days)
42 days - Trak Global Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is close to average (44 days)
48 days - Trak Global Group Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is more than average (40 days)
63 days - Trak Global Group Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Trak Global Group Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 199%, this is a higher level of debt than the average (69.6%)
199% - Trak Global Group Limited
69.6% - Industry AVG
TRAK GLOBAL GROUP LIMITED financials
Trak Global Group Limited's latest turnover from December 2023 is £26.2 million and the company has net assets of -£21.9 million. According to their latest financial statements, Trak Global Group Limited has 171 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 26,170,000 | 45,609,000 | 34,142,494 | 30,429,188 | 28,512,322 | 24,857,151 | |
| Other Income Or Grants | |||||||
| Cost Of Sales | 9,553,000 | 20,374,000 | 14,053,640 | 13,664,877 | 15,098,503 | 14,152,232 | |
| Gross Profit | 16,617,000 | 25,235,000 | 20,088,854 | 16,764,311 | 13,413,819 | 10,704,919 | |
| Admin Expenses | 28,141,301 | 25,173,640 | 17,082,886 | 16,291,504 | 60,839 | ||
| Operating Profit | -8,052,447 | -8,409,329 | -3,669,067 | -5,586,585 | -60,839 | ||
| Interest Payable | 1,620,000 | 1,376,000 | 980,233 | 1,707,945 | 1,201,532 | 942,695 | |
| Interest Receivable | 762 | 9,290 | 20,575 | 3,761 | |||
| Pre-Tax Profit | 5,068,000 | -33,964,000 | -9,031,918 | -10,107,984 | -4,850,024 | -6,525,519 | -60,839 |
| Tax | 1,133,000 | 3,954,000 | -482,012 | 1,415,327 | 589,053 | 657,367 | 11,559 |
| Profit After Tax | 6,201,000 | -30,010,000 | -9,513,930 | -8,692,657 | -4,260,971 | -5,868,152 | -49,280 |
| Dividends Paid | |||||||
| Retained Profit | 6,201,000 | -30,010,000 | -9,513,930 | -8,692,657 | -4,260,971 | -5,868,152 | -49,280 |
| Employee Costs | 11,738,000 | 19,053,000 | 16,286,010 | 15,613,226 | 8,724,039 | 7,144,849 | |
| Number Of Employees | 171 | 206 | 302 | 251 | 239 | 201 | |
| EBITDA* | 1,031,023 | 6,228,520 | 2,326,727 | 2,831,608 | -60,839 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,930,000 | 4,361,000 | 5,798,423 | 5,717,423 | 2,250,315 | 1,003,007 | 491,493 |
| Intangible Assets | 8,337,000 | 7,825,000 | 32,976,097 | 34,582,382 | 45,829,906 | 37,286,484 | 44,539,492 |
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 11,267,000 | 12,186,000 | 38,774,520 | 40,299,805 | 48,080,221 | 38,289,491 | 45,030,985 |
| Stock & work in progress | 1,660,000 | 1,285,000 | 1,031,598 | 921,952 | 429,038 | 688,818 | 1,505,151 |
| Trade Debtors | 3,027,000 | 3,544,000 | 5,374,947 | 5,694,111 | 4,237,173 | 3,894,588 | 3,014,654 |
| Group Debtors | |||||||
| Misc Debtors | 3,571,000 | 2,865,000 | 2,554,206 | 2,821,732 | 2,081,343 | 1,976,061 | 1,383,047 |
| Cash | 2,537,000 | 2,985,000 | 4,415,185 | 3,212,427 | 5,459,002 | 6,251,712 | 4,892,604 |
| misc current assets | |||||||
| total current assets | 10,795,000 | 10,679,000 | 13,375,936 | 12,650,222 | 12,206,556 | 12,811,179 | 10,795,456 |
| total assets | 22,062,000 | 22,865,000 | 52,150,456 | 52,950,027 | 60,286,777 | 51,100,670 | 55,826,441 |
| Bank overdraft | |||||||
| Bank loan | 4,646,000 | 13,394,000 | 2,069,737 | 1,445,089 | 1,500,000 | ||
| Trade Creditors | 1,262,000 | 1,614,000 | 2,343,427 | 2,842,579 | 3,460,835 | 3,044,691 | 2,693,694 |
| Group/Directors Accounts | 28,737,000 | 24,383,000 | 18,884,812 | 13,218,038 | 3,712,680 | 3,783,795 | 4,975,325 |
| other short term finances | |||||||
| hp & lease commitments | 12,204 | 46,221 | 59,993 | 73,555 | |||
| other current liabilities | 8,373,000 | 9,383,000 | 13,718,760 | 13,889,386 | 9,610,356 | 9,856,027 | 5,430,060 |
| total current liabilities | 43,018,000 | 48,774,000 | 34,946,999 | 29,962,207 | 18,899,829 | 18,189,595 | 14,672,634 |
| loans | 167,000 | 1,167,000 | 14,533,214 | 11,697,422 | 23,704,068 | 12,210,268 | 13,500,000 |
| hp & lease commitments | 62,272 | 72,448 | 101,867 | 159,652 | |||
| Accruals and Deferred Income | 213,000 | 674,000 | 801,668 | 787,373 | 198,838 | 59,270 | 128,362 |
| other liabilities | 241,604 | 904,530 | |||||
| provisions | 516,000 | 1,128,000 | 2,070,925 | 1,644,798 | 2,415,603 | 2,419,142 | 3,377,284 |
| total long term liabilities | 896,000 | 2,969,000 | 17,405,807 | 14,433,469 | 27,295,487 | 14,790,547 | 17,165,298 |
| total liabilities | 43,914,000 | 51,743,000 | 52,352,806 | 44,395,676 | 46,195,316 | 32,980,142 | 31,837,932 |
| net assets | -21,852,000 | -28,878,000 | -202,350 | 8,554,351 | 14,091,461 | 18,120,528 | 23,988,509 |
| total shareholders funds | -21,852,000 | -28,878,000 | -202,350 | 8,554,351 | 14,091,461 | 18,120,528 | 23,988,509 |
| Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -8,052,447 | -8,409,329 | -3,669,067 | -5,586,585 | -60,839 | ||
| Depreciation | 2,175,000 | 3,198,000 | 2,510,513 | 1,780,363 | 965,208 | 642,339 | |
| Amortisation | 3,895,000 | 33,800,000 | 6,572,957 | 12,857,486 | 5,030,586 | 7,775,854 | |
| Tax | 1,133,000 | 3,954,000 | -482,012 | 1,415,327 | 589,053 | 657,367 | 11,559 |
| Stock | 375,000 | 253,402 | 109,646 | 492,914 | -259,780 | -816,333 | 1,505,151 |
| Debtors | 189,000 | -1,520,153 | -586,690 | 2,197,327 | 447,867 | 1,472,948 | 4,397,701 |
| Creditors | -352,000 | -729,427 | -499,152 | -618,256 | 416,144 | 350,997 | 2,693,694 |
| Accruals and Deferred Income | -1,471,000 | -4,463,428 | -156,331 | 4,867,565 | -106,103 | 4,356,875 | 5,558,422 |
| Deferred Taxes & Provisions | -612,000 | -942,925 | 426,127 | -770,805 | -3,539 | -958,142 | 3,377,284 |
| Cash flow from operations | 796,699 | 8,432,110 | 3,034,195 | 6,582,090 | 5,677,268 | ||
| Investing Activities | |||||||
| capital expenditure | -1,648,603 | ||||||
| Change in Investments | |||||||
| cash flow from investments | -1,648,603 | ||||||
| Financing Activities | |||||||
| Bank loans | -8,748,000 | 13,394,000 | -2,069,737 | 624,648 | -54,911 | 1,500,000 | |
| Group/Directors Accounts | 4,354,000 | 5,498,188 | 5,666,774 | 9,505,358 | -71,115 | -1,191,530 | 4,975,325 |
| Other Short Term Loans | |||||||
| Long term loans | -1,000,000 | -13,366,214 | 2,835,792 | -12,006,646 | 11,493,800 | -1,289,732 | 13,500,000 |
| Hire Purchase and Lease Commitments | -74,476 | -44,193 | -43,191 | -71,347 | 233,207 | ||
| other long term liabilities | -241,604 | -662,926 | 904,530 | ||||
| share issue | |||||||
| interest | -1,620,000 | -1,376,000 | -979,471 | -1,698,655 | -1,180,957 | -938,934 | |
| cash flow from financing | -6,189,000 | 5,484,324 | 7,964,244 | -3,821,252 | 11,959,619 | -3,546,283 | 44,246,321 |
| cash and cash equivalents | |||||||
| cash | -448,000 | -1,430,185 | 1,202,758 | -2,246,575 | -792,710 | 1,359,108 | 4,892,604 |
| overdraft | |||||||
| change in cash | -448,000 | -1,430,185 | 1,202,758 | -2,246,575 | -792,710 | 1,359,108 | 4,892,604 |
trak global group limited Credit Report and Business Information
Trak Global Group Limited Competitor Analysis
Perform a competitor analysis for trak global group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CW1 area or any other competitors across 12 key performance metrics.
trak global group limited Ownership
TRAK GLOBAL GROUP LIMITED group structure
Trak Global Group Limited has 9 subsidiary companies.
Ultimate parent company
2 parents
TRAK GLOBAL GROUP LIMITED
10385568
9 subsidiaries
trak global group limited directors
Trak Global Group Limited currently has 1 director, Mr Nicholas Corrie serving since Sep 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Corrie | England | 56 years | Sep 2016 | - | Director |
P&L
December 2023turnover
26.2m
-43%
operating profit
9.2m
0%
gross margin
63.5%
+14.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-21.9m
-0.24%
total assets
22.1m
-0.04%
cash
2.5m
-0.15%
net assets
Total assets minus all liabilities
trak global group limited company details
company number
10385568
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.
incorporation date
September 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
global house westmere drive, crewe business park, crewe, cheshire, CW1 6ZD
Bank
-
Legal Advisor
-
trak global group 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 3 charges/mortgages relating to trak global group limited. Currently there are 2 open charges and 1 have been satisfied in the past.
trak global group limited 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.
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trak global group limited Companies House Filings - See Documents
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