Pomanda estimates the enterprise value of TRICIS LTD at £1.8m based on a Turnover of £3.4m and 0.54x industry multiple (adjusted for size and gross margin).
tricis ltdEstimated Valuation
£305.3k
Pomanda estimates the enterprise value of TRICIS LTD at £305.3k based on an EBITDA of £78.8k and a 3.87x industry multiple (adjusted for size and gross margin).
tricis ltdEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of TRICIS LTD at £1.5m based on Net Assets of £615.7k and 2.37x industry multiple (adjusted for liquidity).
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Tricis LtdOverview
Tricis Ltd is a live company located in exeter, EX2 7XE with a Companies House number of 10404406. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2016, it's largest shareholder is
antony john summerfield
with a 26.8% stake. Tricis Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£3.4m with
high
growth in recent years.
Pomanda's financial health check has awarded Tricis Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
7 Regular
3 Weak
Size
annual sales of £3.4m, make it in line with the average company (£3.1m)
£3.4m - Tricis Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4.1%)
17% - Tricis Ltd
4.1% - Industry AVG
Production
with a gross margin of 38.6%, this company has a comparable cost of product (38.6%)
38.6% - Tricis Ltd
38.6% - Industry AVG
Profitability
an operating margin of -15.5% make it less profitable than the average company (6.5%)
-15.5% - Tricis Ltd
6.5% - Industry AVG
Employees
with 23 employees, this is similar to the industry average (20)
23 - Tricis Ltd
20 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
£44.8k - Tricis Ltd
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £146.1k, this is equally as efficient (£140.4k)
£146.1k - Tricis Ltd
£140.4k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (40 days)
35 days - Tricis Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 127 days, this is slower than average (34 days)
127 days - Tricis Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is in line with average (30 days)
27 days - Tricis Ltd
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (27 weeks)
0 weeks - Tricis Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.4%, this is a higher level of debt than the average (60.4%)
78.4% - Tricis Ltd
60.4% - Industry AVG
TRICIS LTD financials
EXPORT
Tricis Ltd's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £615.7 thousand. According to their latest financial statements, Tricis Ltd has 23 employees and maintains cash reserves of £2.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Feb 2017
Turnover
3,361,302
1,583,388
1,536,063
2,117,692
2,069,670
5,439,417
391,061
Other Income Or Grants
Cost Of Sales
2,064,464
983,693
964,178
1,313,108
1,288,317
3,378,907
238,937
Gross Profit
1,296,838
599,695
571,884
804,584
781,353
2,060,510
152,124
Admin Expenses
1,818,677
1,405,403
-1,000,348
1,637,098
1,506,633
2,423,914
152,124
Operating Profit
-521,839
-805,708
1,572,232
-832,514
-725,280
-363,404
Interest Payable
5,900
2,455
Interest Receivable
51
473
168
278
2,221
613
Pre-Tax Profit
-527,689
-807,690
1,572,400
-832,236
-723,059
-362,791
Tax
-298,756
Profit After Tax
-527,689
-807,690
1,273,644
-832,236
-723,059
-362,791
Dividends Paid
Retained Profit
-527,689
-807,690
1,273,644
-832,236
-723,059
-362,791
Employee Costs
1,029,646
971,639
762,574
874,525
424,332
290,909
115,205
Number Of Employees
23
23
19
22
11
8
3
EBITDA*
78,805
-358,684
1,572,232
-810,881
-704,912
-351,735
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Feb 2017
Tangible Assets
39,443
33,987
50,415
62,675
73,970
70,876
Intangible Assets
2,040,748
1,932,390
1,589,534
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,080,191
1,966,377
1,639,949
62,675
73,970
70,876
Stock & work in progress
157,869
113,690
96,878
56,612
82,868
Trade Debtors
323,008
91,132
162,256
255,852
266,050
1,209,501
Group Debtors
Misc Debtors
285,857
306,342
231,543
422,092
30,719
260,619
2
Cash
2,381
126,122
209,496
346,855
245,389
misc current assets
total current assets
769,115
511,164
616,799
944,052
726,492
1,715,509
2
total assets
2,849,306
2,477,541
2,256,748
1,006,727
800,462
1,786,385
2
Bank overdraft
5,415
31,933
Bank loan
Trade Creditors
723,628
226,449
151,153
226,627
434,076
487,780
Group/Directors Accounts
22,590
39,342
40,052
38,622
other short term finances
hp & lease commitments
other current liabilities
1,292,546
1,194,827
633,671
615,068
419,927
1,471,774
total current liabilities
2,021,589
1,453,209
807,414
881,037
894,055
1,998,176
loans
36,981
40,799
hp & lease commitments
Accruals and Deferred Income
other liabilities
175,000
50,000
provisions
total long term liabilities
211,981
40,799
50,000
total liabilities
2,233,570
1,494,008
857,414
881,037
894,055
1,998,176
net assets
615,736
983,533
1,399,334
125,690
-93,593
-211,791
2
total shareholders funds
615,736
983,533
1,399,334
125,690
-93,593
-211,791
2
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Feb 2017
Operating Activities
Operating Profit
-521,839
-805,708
1,572,232
-832,514
-725,280
-363,404
Depreciation
18,828
19,319
21,633
20,368
11,669
Amortisation
581,816
427,705
Tax
-298,756
Stock
44,179
16,812
40,266
-26,256
82,868
Debtors
211,391
3,675
-284,145
381,175
-1,173,351
1,470,118
2
Creditors
497,179
75,296
-75,474
-207,449
-53,704
487,780
Accruals and Deferred Income
97,719
561,156
18,603
195,141
-1,051,847
1,471,774
Deferred Taxes & Provisions
Cash flow from operations
418,133
257,281
1,460,484
-1,178,108
-719,980
137,701
-2
Investing Activities
capital expenditure
-714,458
-773,452
-1,577,274
-10,338
-23,462
-82,545
Change in Investments
cash flow from investments
-714,458
-773,452
-1,577,274
-10,338
-23,462
-82,545
Financing Activities
Bank loans
Group/Directors Accounts
-22,590
-16,752
-710
1,430
38,622
Other Short Term Loans
Long term loans
-3,818
40,799
Hire Purchase and Lease Commitments
other long term liabilities
175,000
-50,000
50,000
share issue
159,892
391,889
1,051,519
841,257
150,998
2
interest
-5,849
-1,982
168
278
2,221
613
cash flow from financing
325,225
358,116
33,416
1,051,087
844,908
190,233
2
cash and cash equivalents
cash
2,381
-126,122
-83,374
-137,359
101,466
245,389
overdraft
-26,518
31,933
change in cash
28,899
-158,055
-83,374
-137,359
101,466
245,389
tricis ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tricis ltd. Get real-time insights into tricis ltd's credit score, group structure and payment trends.
Perform a competitor analysis for tricis ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EX2 area or any other competitors across 12 key performance metrics.
tricis ltd Ownership
TRICIS LTD group structure
Tricis Ltd has no subsidiary companies.
Ultimate parent company
TRICIS LTD
10404406
TRICIS LTD Shareholders
The largest shareholders in Tricis Ltd include Antony John Summerfield and Centerprise Intl Holdings Limited.
antony john summerfield
26.77%
centerprise intl holdings limited
12.06%
jonathan curtis
10.13%
timothy luxford
8.99%
vivien summerfield
7.37%
robert hume cook
6.09%
em3 sme finance limited
6.08%
edward leek
4.03%
peter michael bertram
2.76%
martin edwards
1.74%
tricis ltd directors
Tricis Ltd currently has 2 directors.
The longest serving directors include
Mr Antony Summerfield (Sep 2016) and
Mr Robert Cook (Oct 2016).
82990 - Other business support service activities n.e.c.
incorporation date
September 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
centenary house peninsula park, rydon lane, exeter, EX2 7XE
Bank
-
Legal Advisor
-
tricis 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 tricis ltd. Currently there are 0 open charges and 2 have been satisfied in the past.
tricis 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.
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