tribal solutions limited
tribal solutions limited Company Information
Company Number
10495662
Website
www.tribetech.ioRegistered Address
hornbeam cottage, 20 greenway lane, bath, BA2 4LW
Industry
Computer consultancy activities
Telephone
442037476720
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
james mcmillan 50%
helen maria mcmillan 50%
tribal solutions limited Estimated Valuation
Pomanda estimates the enterprise value of TRIBAL SOLUTIONS LIMITED at £92.5k based on a Turnover of £163.1k and 0.57x industry multiple (adjusted for size and gross margin).
tribal solutions limited Estimated Valuation
Pomanda estimates the enterprise value of TRIBAL SOLUTIONS LIMITED at £0 based on an EBITDA of £-4.7k and a 4.57x industry multiple (adjusted for size and gross margin).
tribal solutions limited Estimated Valuation
Pomanda estimates the enterprise value of TRIBAL SOLUTIONS LIMITED at £309 based on Net Assets of £147 and 2.11x industry multiple (adjusted for liquidity).
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Tribal Solutions Limited Overview
Tribal Solutions Limited is a live company located in bath, BA2 4LW with a Companies House number of 10495662. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 2016, it's largest shareholder is james mcmillan with a 50% stake. Tribal Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £163.1k with declining growth in recent years.
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Tribal Solutions Limited Health Check
Pomanda's financial health check has awarded Tribal Solutions Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £163.1k, make it smaller than the average company (£876.1k)
- Tribal Solutions Limited
£876.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -68%, show it is growing at a slower rate (4.7%)
- Tribal Solutions Limited
4.7% - Industry AVG
Production
with a gross margin of 46.6%, this company has a comparable cost of product (46.6%)
- Tribal Solutions Limited
46.6% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (7.8%)
- Tribal Solutions Limited
7.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - Tribal Solutions Limited
9 - Industry AVG
Pay Structure
on an average salary of £52.7k, the company has an equivalent pay structure (£52.7k)
- Tribal Solutions Limited
£52.7k - Industry AVG
Efficiency
resulting in sales per employee of £81.6k, this is less efficient (£124.2k)
- Tribal Solutions Limited
£124.2k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (67 days)
- Tribal Solutions Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (31 days)
- Tribal Solutions Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tribal Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (21 weeks)
13 weeks - Tribal Solutions Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (56.8%)
100% - Tribal Solutions Limited
56.8% - Industry AVG
TRIBAL SOLUTIONS LIMITED financials
Tribal Solutions Limited's latest turnover from March 2023 is estimated at £163.1 thousand and the company has net assets of £147. According to their latest financial statements, Tribal Solutions Limited has 2 employees and maintains cash reserves of £70.5 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 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,746 | 1,768 | 5,445 | 9,434 | 10,994 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,746 | 1,768 | 5,445 | 9,434 | 10,994 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 19,440 | 51,330 | 87,287 | 1,002,386 | 800,286 | 441,303 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 208,823 | 154,914 | 309,151 | 0 | 0 | 0 |
| Cash | 70,532 | 85,656 | 26,197 | 78,813 | 9,292 | 25,315 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 298,795 | 291,900 | 422,635 | 1,081,199 | 809,578 | 466,618 |
| total assets | 300,541 | 293,668 | 428,080 | 1,090,633 | 820,572 | 466,618 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 9,934 | 9,689 | 7,906 | 0 | 0 | 0 |
| Trade Creditors | 31,556 | 36,126 | 56,930 | 791,081 | 626,434 | 367,603 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 235,304 | 207,347 | 189,513 | 0 | 0 | 0 |
| total current liabilities | 276,794 | 253,162 | 254,349 | 791,081 | 626,434 | 367,603 |
| loans | 23,163 | 33,097 | 42,094 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 437 | 336 | 1,035 | 1,793 | 2,089 | 0 |
| total long term liabilities | 23,600 | 33,433 | 43,129 | 1,793 | 2,089 | 0 |
| total liabilities | 300,394 | 286,595 | 297,478 | 792,874 | 628,523 | 367,603 |
| net assets | 147 | 7,073 | 130,602 | 297,759 | 192,049 | 99,015 |
| total shareholders funds | 147 | 7,073 | 130,602 | 297,759 | 192,049 | 99,015 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,642 | 4,052 | 3,989 | 3,893 | 2,629 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 22,019 | -190,194 | -605,948 | 202,100 | 358,983 | 441,303 |
| Creditors | -4,570 | -20,804 | -734,151 | 164,647 | 258,831 | 367,603 |
| Accruals and Deferred Income | 27,957 | 17,834 | 189,513 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 101 | -699 | -758 | -296 | 2,089 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 245 | 1,783 | 7,906 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,934 | -8,997 | 42,094 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -15,124 | 59,459 | -52,616 | 69,521 | -16,023 | 25,315 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -15,124 | 59,459 | -52,616 | 69,521 | -16,023 | 25,315 |
tribal solutions limited Credit Report and Business Information
Tribal Solutions Limited Competitor Analysis
Perform a competitor analysis for tribal solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tribal solutions limited Ownership
TRIBAL SOLUTIONS LIMITED group structure
Tribal Solutions Limited has no subsidiary companies.
Ultimate parent company
TRIBAL SOLUTIONS LIMITED
10495662
tribal solutions limited directors
Tribal Solutions Limited currently has 2 directors. The longest serving directors include Mrs Helen McMillan (Nov 2016) and Mr James McMillan (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Helen McMillan | England | 46 years | Nov 2016 | - | Director |
| Mr James McMillan | England | 47 years | Oct 2018 | - | Director |
P&L
March 2023turnover
163.1k
-36%
operating profit
-6.4k
0%
gross margin
46.7%
+1.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
147
-0.98%
total assets
300.5k
+0.02%
cash
70.5k
-0.18%
net assets
Total assets minus all liabilities
tribal solutions limited company details
company number
10495662
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
November 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
hornbeam cottage, 20 greenway lane, bath, BA2 4LW
last accounts submitted
March 2023
tribal solutions 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 did not find charges/mortgages relating to tribal solutions limited.
tribal solutions limited Companies House Filings - See Documents
| date | description | view/download |
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