tinnitech limited
tinnitech limited Company Information
Company Number
10541606
Website
-Registered Address
5th floor 86 jermyn street, london, SW1Y 6AW
Industry
Research and experimental development on biotechnology
Telephone
-
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
samofin s.r.l. 11%
paolo d'amico 11%
View Alltinnitech limited Estimated Valuation
Pomanda estimates the enterprise value of TINNITECH LIMITED at £365.6k based on a Turnover of £273.9k and 1.34x industry multiple (adjusted for size and gross margin).
tinnitech limited Estimated Valuation
Pomanda estimates the enterprise value of TINNITECH LIMITED at £0 based on an EBITDA of £-20.3k and a 5.48x industry multiple (adjusted for size and gross margin).
tinnitech limited Estimated Valuation
Pomanda estimates the enterprise value of TINNITECH LIMITED at £20.5k based on Net Assets of £39.9k and 0.51x industry multiple (adjusted for liquidity).
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Tinnitech Limited Overview
Tinnitech Limited is a live company located in london, SW1Y 6AW with a Companies House number of 10541606. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in December 2016, it's largest shareholder is samofin s.r.l. with a 11% stake. Tinnitech Limited is a young, micro sized company, Pomanda has estimated its turnover at £273.9k with declining growth in recent years.
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Tinnitech Limited Health Check
Pomanda's financial health check has awarded Tinnitech Limited 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
4 Regular
6 Weak
Size
annual sales of £273.9k, make it smaller than the average company (£3.6m)
- Tinnitech Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (13.1%)
- Tinnitech Limited
13.1% - Industry AVG
Production
with a gross margin of 53.7%, this company has a comparable cost of product (53.7%)
- Tinnitech Limited
53.7% - Industry AVG
Profitability
an operating margin of -7.4% make it less profitable than the average company (-1.9%)
- Tinnitech Limited
-1.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (44)
3 - Tinnitech Limited
44 - Industry AVG
Pay Structure
on an average salary of £77k, the company has an equivalent pay structure (£77k)
- Tinnitech Limited
£77k - Industry AVG
Efficiency
resulting in sales per employee of £91.3k, this is less efficient (£125.9k)
- Tinnitech Limited
£125.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Tinnitech Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (59 days)
- Tinnitech Limited
59 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is in line with average (48 days)
- Tinnitech Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (32 weeks)
0 weeks - Tinnitech Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.9%, this is a similar level of debt than the average (54.4%)
50.9% - Tinnitech Limited
54.4% - Industry AVG
TINNITECH LIMITED financials
Tinnitech Limited's latest turnover from October 2023 is estimated at £273.9 thousand and the company has net assets of £39.9 thousand. According to their latest financial statements, Tinnitech Limited has 3 employees and maintains cash reserves of £64 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 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 | 3 | 4 | 4 | 5 | 6 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 67,580 | 49,131 | 50,639 | 38,723 | 38,368 | 30,505 | 12,729 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 67,580 | 49,131 | 50,639 | 38,723 | 38,368 | 30,505 | 12,729 |
| Stock & work in progress | 13,696 | 13,696 | 14,117 | 13,948 | 0 | 0 | 0 |
| Trade Debtors | 0 | 3,292 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 3,392 | 20,047 | 44,445 | 3,184 | 0 |
| Cash | 64 | 64 | 35 | 1,313 | 2,421 | 9,240 | 3,592 |
| misc current assets | 0 | 0 | 0 | 8 | 0 | 0 | 0 |
| total current assets | 13,760 | 17,053 | 17,545 | 35,316 | 46,866 | 12,425 | 3,592 |
| total assets | 81,341 | 66,184 | 68,183 | 74,039 | 85,235 | 42,929 | 16,322 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 38,799 | 5,974 | 329 | 0 | 0 | 0 | 2,933 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 3,537 | 5,802 | 7,269 | 53,175 | 18,573 |
| total current liabilities | 38,799 | 5,974 | 3,866 | 5,802 | 7,270 | 53,176 | 21,506 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,607 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,607 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 41,406 | 5,974 | 3,866 | 5,802 | 7,270 | 53,176 | 21,506 |
| net assets | 39,934 | 60,210 | 64,317 | 68,236 | 77,965 | -10,246 | -5,184 |
| total shareholders funds | 39,934 | 60,210 | 64,317 | 68,236 | 77,965 | -10,246 | -5,184 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||
| Stock | 0 | -421 | 169 | 13,948 | 0 | 0 | 0 |
| Debtors | -3,292 | -100 | -16,655 | -24,398 | 41,261 | 3,184 | 0 |
| Creditors | 32,825 | 5,645 | 329 | 0 | 0 | -2,933 | 2,933 |
| Accruals and Deferred Income | 2,607 | -3,537 | -2,265 | -1,467 | -45,906 | 34,602 | 18,573 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 29 | -1,278 | -1,108 | -6,819 | 5,648 | 3,592 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 29 | -1,278 | -1,108 | -6,819 | 5,648 | 3,592 |
tinnitech limited Credit Report and Business Information
Tinnitech Limited Competitor Analysis
Perform a competitor analysis for tinnitech limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
tinnitech limited Ownership
TINNITECH LIMITED group structure
Tinnitech Limited has no subsidiary companies.
Ultimate parent company
TINNITECH LIMITED
10541606
tinnitech limited directors
Tinnitech Limited currently has 3 directors. The longest serving directors include Mr Mark Jacobs (Apr 2017) and Ms Federica Alecce (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Jacobs | United Kingdom | 62 years | Apr 2017 | - | Director |
| Ms Federica Alecce | United Kingdom | 49 years | Aug 2023 | - | Director |
| Mr Ugo Soleri | United Kingdom | 59 years | Mar 2024 | - | Director |
P&L
October 2023turnover
273.9k
+20%
operating profit
-20.3k
0%
gross margin
53.7%
+0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
39.9k
-0.34%
total assets
81.3k
+0.23%
cash
64.2
0%
net assets
Total assets minus all liabilities
tinnitech limited company details
company number
10541606
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
incorporation date
December 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2023
address
5th floor 86 jermyn street, london, SW1Y 6AW
accountant
-
auditor
-
tinnitech 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 tinnitech limited.
tinnitech limited Companies House Filings - See Documents
| date | description | view/download |
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