tangerine group holdings limited
tangerine group holdings limited Company Information
Company Number
10484406
Next Accounts
Mar 2025
Shareholders
david alan haythornthwaite
Group Structure
View All
Industry
Activities of head offices
Registered Address
animal house boundary road, lytham st. annes, FY8 5LT
Website
www.tangerineholdings.co.uktangerine group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TANGERINE GROUP HOLDINGS LIMITED at £49.6m based on a Turnover of £33m and 1.5x industry multiple (adjusted for size and gross margin).
tangerine group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TANGERINE GROUP HOLDINGS LIMITED at £99.9m based on an EBITDA of £8.4m and a 11.89x industry multiple (adjusted for size and gross margin).
tangerine group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TANGERINE GROUP HOLDINGS LIMITED at £31.1m based on Net Assets of £14.8m and 2.11x industry multiple (adjusted for liquidity).
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Tangerine Group Holdings Limited Overview
Tangerine Group Holdings Limited is a live company located in lytham st. annes, FY8 5LT with a Companies House number of 10484406. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2016, it's largest shareholder is david alan haythornthwaite with a 100% stake. Tangerine Group Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £33m with healthy growth in recent years.
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Tangerine Group Holdings Limited Health Check
Pomanda's financial health check has awarded Tangerine Group Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £33m, make it larger than the average company (£19.5m)
£33m - Tangerine Group Holdings Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.3%)
10% - Tangerine Group Holdings Limited
5.3% - Industry AVG
Production
with a gross margin of 77.2%, this company has a lower cost of product (33.5%)
77.2% - Tangerine Group Holdings Limited
33.5% - Industry AVG
Profitability
an operating margin of 22.8% make it more profitable than the average company (5.9%)
22.8% - Tangerine Group Holdings Limited
5.9% - Industry AVG
Employees
with 183 employees, this is above the industry average (108)
183 - Tangerine Group Holdings Limited
108 - Industry AVG
Pay Structure
on an average salary of £46.4k, the company has an equivalent pay structure (£47.5k)
£46.4k - Tangerine Group Holdings Limited
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £180.4k, this is equally as efficient (£196.7k)
£180.4k - Tangerine Group Holdings Limited
£196.7k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (46 days)
43 days - Tangerine Group Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (44 days)
86 days - Tangerine Group Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 174 days, this is more than average (49 days)
174 days - Tangerine Group Holdings Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Tangerine Group Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68%, this is a higher level of debt than the average (56%)
68% - Tangerine Group Holdings Limited
56% - Industry AVG
TANGERINE GROUP HOLDINGS LIMITED financials
Tangerine Group Holdings Limited's latest turnover from June 2023 is £33 million and the company has net assets of £14.8 million. According to their latest financial statements, Tangerine Group Holdings Limited has 183 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 33,020,162 | 31,081,284 | 32,631,988 | 25,030,338 | 23,262,070 | 26,493,875 | 24,541,282 | 23,230,440 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 7,521,741 | 8,691,409 | 9,810,353 | 5,370,635 | 5,599,731 | 7,355,367 | 7,198,296 | 8,938,143 |
| Gross Profit | 25,498,421 | 22,389,875 | 22,821,635 | 19,659,703 | 17,662,339 | 19,138,508 | 17,342,986 | 14,292,297 |
| Admin Expenses | 17,977,331 | 14,953,757 | 13,696,642 | 13,584,240 | 12,960,860 | 15,579,939 | 13,879,281 | 11,500,541 |
| Operating Profit | 7,521,090 | 7,436,118 | 9,124,993 | 6,075,463 | 4,701,479 | 3,558,569 | 3,463,705 | 2,791,756 |
| Interest Payable | 495,029 | 298,480 | 443,759 | 426,664 | 454,669 | 373,263 | 397,352 | 307,555 |
| Interest Receivable | ||||||||
| Pre-Tax Profit | 7,026,061 | 7,137,638 | 8,681,234 | 5,648,799 | -10,987,575 | 3,185,306 | 66,353 | 2,484,201 |
| Tax | -1,218,892 | -1,105,608 | -1,624,968 | -1,116,987 | -1,356,149 | -464,761 | 129,552 | -614,003 |
| Profit After Tax | 5,807,169 | 6,032,030 | 7,056,266 | 4,531,812 | -12,343,724 | 2,720,545 | 195,905 | 1,870,198 |
| Dividends Paid | 6,209,189 | 420,000 | 420,000 | 420,000 | 320,000 | 300,000 | ||
| Retained Profit | -402,020 | 5,612,030 | 7,056,266 | 4,531,812 | -12,763,724 | 2,300,545 | -124,095 | 1,570,198 |
| Employee Costs | 8,486,968 | 8,350,243 | 6,405,348 | 6,893,576 | 6,784,162 | 8,008,260 | 7,079,667 | 5,876,046 |
| Number Of Employees | 183 | 167 | 168 | 170 | 176 | 257 | 219 | 145 |
| EBITDA* | 8,403,386 | 7,973,681 | 9,674,398 | 6,536,181 | 5,225,443 | 4,369,936 | 4,178,071 | 3,497,553 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,190,153 | 8,488,590 | 7,444,349 | 5,467,310 | 5,114,266 | 17,400,607 | 14,909,270 | 13,884,509 |
| Intangible Assets | 391,594 | 331,229 | 200,292 | 36,260 | 155,675 | 1,748,712 | 1,986,350 | 2,142,578 |
| Investments & Other | 3,130,364 | 3,130,364 | 3,130,364 | 550,000 | ||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 8,581,747 | 11,950,183 | 10,775,005 | 8,633,934 | 5,819,941 | 19,149,319 | 16,895,620 | 16,027,087 |
| Stock & work in progress | 3,593,479 | 5,416,925 | 3,536,171 | 2,391,211 | 1,904,577 | 2,621,405 | 2,162,890 | 1,992,090 |
| Trade Debtors | 3,973,390 | 8,015,074 | 9,028,051 | 6,455,557 | 4,763,132 | 6,122,007 | 5,429,617 | 4,382,300 |
| Group Debtors | ||||||||
| Misc Debtors | 28,938,568 | 15,345,440 | 8,928,501 | 6,829,157 | 5,810,500 | 2,769,358 | 2,218,850 | 2,327,826 |
| Cash | 1,094,087 | 2,196,977 | 2,531,713 | 1,602,165 | 412,417 | 1,722,341 | 1,819,310 | 2,218,115 |
| misc current assets | ||||||||
| total current assets | 37,599,524 | 30,974,416 | 24,024,436 | 17,278,090 | 12,890,626 | 13,235,111 | 11,630,667 | 10,920,331 |
| total assets | 46,181,271 | 42,924,599 | 34,799,441 | 25,912,024 | 18,710,567 | 32,384,430 | 28,526,287 | 26,947,418 |
| Bank overdraft | 9,348,036 | 7,333,324 | 3,217,043 | 2,570,978 | 3,936,632 | 7,520,212 | 4,705,498 | 4,437,623 |
| Bank loan | ||||||||
| Trade Creditors | 1,785,830 | 1,823,360 | 2,646,382 | 2,700,299 | 2,610,110 | 3,793,060 | 2,690,301 | 2,144,749 |
| Group/Directors Accounts | ||||||||
| other short term finances | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 |
| hp & lease commitments | 159,837 | 146,193 | 254,345 | 255,433 | 243,635 | 216,115 | 201,304 | 173,822 |
| other current liabilities | 14,538,604 | 13,142,810 | 11,659,749 | 8,641,103 | 6,163,765 | 4,936,971 | 4,067,798 | 2,877,444 |
| total current liabilities | 25,872,307 | 22,485,687 | 17,817,519 | 14,207,813 | 12,994,142 | 16,506,358 | 11,704,901 | 9,673,638 |
| loans | 4,412,135 | 4,569,708 | 6,369,367 | 7,506,538 | 5,646,686 | 3,041,869 | 6,130,879 | 6,632,385 |
| hp & lease commitments | 123,721 | 324,143 | 661,626 | 327,700 | 452,010 | 420,312 | 468,799 | 315,071 |
| Accruals and Deferred Income | ||||||||
| other liabilities | 152,389 | |||||||
| provisions | 831,187 | 618,168 | 616,056 | 215,511 | 166,733 | 147,839 | 242,157 | 167,523 |
| total long term liabilities | 5,519,432 | 5,512,019 | 7,647,049 | 8,049,749 | 6,265,429 | 3,610,020 | 6,841,835 | 7,114,979 |
| total liabilities | 31,391,739 | 27,997,706 | 25,464,568 | 22,257,562 | 19,259,571 | 20,116,378 | 18,546,736 | 16,788,617 |
| net assets | 14,789,532 | 14,926,893 | 9,334,873 | 3,654,462 | -549,004 | 12,268,052 | 9,979,551 | 10,158,801 |
| total shareholders funds | 14,789,532 | 14,926,893 | 9,334,873 | 3,654,462 | -549,004 | 12,268,052 | 9,979,551 | 10,158,801 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 7,521,090 | 7,436,118 | 9,124,993 | 6,075,463 | 4,701,479 | 3,558,569 | 3,463,705 | 2,791,756 |
| Depreciation | 812,953 | 495,605 | 530,354 | 434,866 | 492,520 | 643,568 | 552,104 | 553,495 |
| Amortisation | 69,343 | 41,958 | 19,051 | 25,852 | 31,444 | 167,799 | 162,262 | 152,302 |
| Tax | -1,218,892 | -1,105,608 | -1,624,968 | -1,116,987 | -1,356,149 | -464,761 | 129,552 | -614,003 |
| Stock | -1,823,446 | 1,880,754 | 1,144,960 | 486,634 | -716,828 | 458,515 | 170,800 | 1,992,090 |
| Debtors | 9,551,444 | 5,403,962 | 4,671,838 | 2,711,082 | 1,682,267 | 1,242,898 | 938,341 | 6,710,126 |
| Creditors | -37,530 | -823,022 | -53,917 | 90,189 | -1,182,950 | 1,102,759 | 545,552 | 2,144,749 |
| Accruals and Deferred Income | 1,395,794 | 1,483,061 | 3,018,646 | 2,477,338 | 1,226,794 | 869,173 | 1,190,354 | 2,877,444 |
| Deferred Taxes & Provisions | 213,019 | 2,112 | 400,545 | 48,778 | 18,894 | -94,318 | 74,634 | 167,523 |
| Cash flow from operations | 1,027,779 | 245,508 | 5,597,906 | 4,837,783 | 2,966,593 | 4,081,376 | 5,009,022 | -628,950 |
| Investing Activities | ||||||||
| capital expenditure | -3,127,935 | -4,147,440 | -3,605,138 | |||||
| Change in Investments | -3,130,364 | 2,580,364 | 550,000 | |||||
| cash flow from investments | 3,130,364 | -2,580,364 | -550,000 | -3,127,935 | -4,147,440 | -3,605,138 | ||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | 40,000 | |||||||
| Long term loans | -157,573 | -1,799,659 | -1,137,171 | 1,859,852 | 2,604,817 | -3,089,010 | -501,506 | 6,632,385 |
| Hire Purchase and Lease Commitments | -186,778 | -445,635 | 332,838 | -112,512 | 59,218 | -33,676 | 181,210 | 488,893 |
| other long term liabilities | 152,389 | |||||||
| share issue | ||||||||
| interest | -495,029 | -298,480 | -443,759 | -426,664 | -454,669 | -373,263 | -397,352 | -307,555 |
| cash flow from financing | -422,332 | -2,563,784 | -2,623,947 | 992,330 | 2,156,034 | -3,507,993 | -772,803 | 15,442,326 |
| cash and cash equivalents | ||||||||
| cash | -1,102,890 | -334,736 | 929,548 | 1,189,748 | -1,309,924 | -96,969 | -398,805 | 2,218,115 |
| overdraft | 2,014,712 | 4,116,281 | 646,065 | -1,365,654 | -3,583,580 | 2,814,714 | 267,875 | 4,437,623 |
| change in cash | -3,117,602 | -4,451,017 | 283,483 | 2,555,402 | 2,273,656 | -2,911,683 | -666,680 | -2,219,508 |
tangerine group holdings limited Credit Report and Business Information
Tangerine Group Holdings Limited Competitor Analysis
Perform a competitor analysis for tangerine group holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in FY8 area or any other competitors across 12 key performance metrics.
tangerine group holdings limited Ownership
TANGERINE GROUP HOLDINGS LIMITED group structure
Tangerine Group Holdings Limited has 1 subsidiary company.
Ultimate parent company
TANGERINE GROUP HOLDINGS LIMITED
10484406
1 subsidiary
tangerine group holdings limited directors
Tangerine Group Holdings Limited currently has 2 directors. The longest serving directors include Mr David Haythornthwaite (Nov 2016) and Ms Sharon Haythornthwaite (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Haythornthwaite | United Kingdom | 61 years | Nov 2016 | - | Director |
| Ms Sharon Haythornthwaite | England | 62 years | Nov 2016 | - | Director |
P&L
June 2023turnover
33m
+6%
operating profit
7.5m
+1%
gross margin
77.3%
+7.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
14.8m
-0.01%
total assets
46.2m
+0.08%
cash
1.1m
-0.5%
net assets
Total assets minus all liabilities
tangerine group holdings limited company details
company number
10484406
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
BISHOPS AUDIT LIMITED
address
animal house boundary road, lytham st. annes, FY8 5LT
Bank
-
Legal Advisor
-
tangerine group holdings 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 4 charges/mortgages relating to tangerine group holdings limited. Currently there are 2 open charges and 2 have been satisfied in the past.
tangerine group holdings 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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tangerine group holdings limited Companies House Filings - See Documents
| date | description | view/download |
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