ttk confectionery ltd
ttk confectionery ltd Company Information
Company Number
10674071
Website
www.thetreatkitchen.co.ukRegistered Address
15 robin hood industrial estate, nottingham, nottingham, NG3 1GE
Industry
Manufacture of sugar confectionery
Manufacture of cocoa, and chocolate confectionery
Telephone
01159508150
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
thomas james flory 33.3%
martin barnett 33.3%
View Allttk confectionery ltd Estimated Valuation
Pomanda estimates the enterprise value of TTK CONFECTIONERY LTD at £3m based on a Turnover of £5.1m and 0.58x industry multiple (adjusted for size and gross margin).
ttk confectionery ltd Estimated Valuation
Pomanda estimates the enterprise value of TTK CONFECTIONERY LTD at £0 based on an EBITDA of £-381.7k and a 5.08x industry multiple (adjusted for size and gross margin).
ttk confectionery ltd Estimated Valuation
Pomanda estimates the enterprise value of TTK CONFECTIONERY LTD at £0 based on Net Assets of £-446.5k and 2.62x industry multiple (adjusted for liquidity).
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Ttk Confectionery Ltd Overview
Ttk Confectionery Ltd is a live company located in nottingham, NG3 1GE with a Companies House number of 10674071. It operates in the manufacture of sugar confectionery sector, SIC Code 10822. Founded in March 2017, it's largest shareholder is thomas james flory with a 33.3% stake. Ttk Confectionery Ltd is a young, mid sized company, Pomanda has estimated its turnover at £5.1m with high growth in recent years.
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Ttk Confectionery Ltd Health Check
Pomanda's financial health check has awarded Ttk Confectionery Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £5.1m, make it smaller than the average company (£11.9m)
- Ttk Confectionery Ltd
£11.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (6.5%)
- Ttk Confectionery Ltd
6.5% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)
- Ttk Confectionery Ltd
28.2% - Industry AVG
Profitability
an operating margin of -8.4% make it less profitable than the average company (3.5%)
- Ttk Confectionery Ltd
3.5% - Industry AVG
Employees
with 41 employees, this is similar to the industry average (47)
41 - Ttk Confectionery Ltd
47 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Ttk Confectionery Ltd
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £124.9k, this is less efficient (£368.3k)
- Ttk Confectionery Ltd
£368.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (40 days)
- Ttk Confectionery Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (38 days)
- Ttk Confectionery Ltd
38 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is in line with average (42 days)
- Ttk Confectionery Ltd
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (11 weeks)
5 weeks - Ttk Confectionery Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 148.7%, this is a higher level of debt than the average (63.1%)
148.7% - Ttk Confectionery Ltd
63.1% - Industry AVG
TTK CONFECTIONERY LTD financials
Ttk Confectionery Ltd's latest turnover from March 2023 is estimated at £5.1 million and the company has net assets of -£446.5 thousand. According to their latest financial statements, Ttk Confectionery Ltd has 41 employees and maintains cash reserves of £111.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Dec 2021 | Dec 2020 | 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 | 41 | 40 | 26 | 39 | 13 | 13 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 113,754 | 157,625 | 63,929 | 29,662 | 13,268 | 1,825 |
| Intangible Assets | 30,000 | 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 | 143,754 | 157,625 | 63,929 | 29,662 | 13,268 | 1,825 |
| Stock & work in progress | 445,459 | 226,000 | 216,170 | 160,000 | 45,736 | 48,907 |
| Trade Debtors | 98,305 | 760,411 | 364,899 | 156,138 | 223,051 | 36,390 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 118,414 | 131,824 | 23,909 | 39,794 | 24,911 | 20,403 |
| Cash | 111,731 | 243,083 | 333,914 | 26,620 | 37,216 | 17,023 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 773,909 | 1,361,318 | 938,892 | 382,552 | 330,914 | 122,723 |
| total assets | 917,663 | 1,518,943 | 1,002,821 | 412,214 | 344,182 | 124,548 |
| Bank overdraft | 0 | 89,586 | 66,957 | 15,762 | 20,010 | 0 |
| Bank loan | 94,969 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 693,766 | 365,121 | 117,489 | 210,259 | 159,485 | 75,748 |
| 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 | 322,606 | 241,970 | 315,936 | 182,689 | 163,383 | 48,583 |
| total current liabilities | 1,111,341 | 696,677 | 500,382 | 408,710 | 342,878 | 124,331 |
| loans | 231,224 | 354,957 | 433,830 | 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 | 148,645 | 0 | 0 | 0 | 0 |
| provisions | 21,613 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 252,837 | 503,602 | 433,830 | 0 | 0 | 0 |
| total liabilities | 1,364,178 | 1,200,279 | 934,212 | 408,710 | 342,878 | 124,331 |
| net assets | -446,515 | 318,664 | 68,609 | 3,504 | 1,304 | 217 |
| total shareholders funds | -446,515 | 318,664 | 68,609 | 3,504 | 1,304 | 217 |
| Mar 2023 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 50,472 | 9,643 | 10,085 | 5,915 | 2,967 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 445,459 | 9,830 | 170,434 | 114,264 | -3,171 | 48,907 |
| Debtors | 216,719 | 503,427 | 140,846 | -52,030 | 191,169 | 56,793 |
| Creditors | 693,766 | 247,632 | -41,996 | 50,774 | 83,737 | 75,748 |
| Accruals and Deferred Income | 322,606 | -73,966 | 152,553 | 19,306 | 114,800 | 48,583 |
| Deferred Taxes & Provisions | 21,613 | 0 | 0 | 0 | 0 | 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 | 94,969 | 0 | 0 | 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 | 231,224 | -78,873 | 433,830 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 148,645 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 111,731 | -90,831 | 296,698 | -10,596 | 20,193 | 17,023 |
| overdraft | 0 | 22,629 | 46,947 | -4,248 | 20,010 | 0 |
| change in cash | 111,731 | -113,460 | 249,751 | -6,348 | 183 | 17,023 |
ttk confectionery ltd Credit Report and Business Information
Ttk Confectionery Ltd Competitor Analysis
Perform a competitor analysis for ttk confectionery ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NG3 area or any other competitors across 12 key performance metrics.
ttk confectionery ltd Ownership
TTK CONFECTIONERY LTD group structure
Ttk Confectionery Ltd has no subsidiary companies.
Ultimate parent company
TTK CONFECTIONERY LTD
10674071
ttk confectionery ltd directors
Ttk Confectionery Ltd currently has 3 directors. The longest serving directors include Mrs Jessica Barnett (Mar 2017) and Mr Martin Barnett (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Jessica Barnett | 40 years | Mar 2017 | - | Director | |
| Mr Martin Barnett | United Kingdom | 46 years | Mar 2017 | - | Director |
| Mr Thomas Flory | England | 34 years | Jun 2017 | - | Director |
P&L
March 2023turnover
5.1m
0%
operating profit
-432.2k
0%
gross margin
28.2%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-446.5k
0%
total assets
917.7k
0%
cash
111.7k
0%
net assets
Total assets minus all liabilities
ttk confectionery ltd company details
company number
10674071
Type
Private limited with Share Capital
industry
10822 - Manufacture of sugar confectionery
10821 - Manufacture of cocoa, and chocolate confectionery
46360 - Wholesale of sugar and chocolate and sugar confectionery
incorporation date
March 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
15 robin hood industrial estate, nottingham, nottingham, NG3 1GE
accountant
-
auditor
-
ttk confectionery 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 6 charges/mortgages relating to ttk confectionery ltd. Currently there are 5 open charges and 1 have been satisfied in the past.
ttk confectionery ltd Companies House Filings - See Documents
| date | description | view/download |
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