tech city ventures ltd
tech city ventures ltd Company Information
Group Structure
View All
Industry
Activities of head offices
Registered Address
3 totman crescent, rayleigh, essex, SS6 7UY
Website
techcity.venturestech city ventures ltd Estimated Valuation
Pomanda estimates the enterprise value of TECH CITY VENTURES LTD at £1.5m based on a Turnover of £2.8m and 0.53x industry multiple (adjusted for size and gross margin).
tech city ventures ltd Estimated Valuation
Pomanda estimates the enterprise value of TECH CITY VENTURES LTD at £0 based on an EBITDA of £-18k and a 4.19x industry multiple (adjusted for size and gross margin).
tech city ventures ltd Estimated Valuation
Pomanda estimates the enterprise value of TECH CITY VENTURES LTD at £197.2k based on Net Assets of £93.6k and 2.11x industry multiple (adjusted for liquidity).
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Tech City Ventures Ltd Overview
Tech City Ventures Ltd is a live company located in essex, SS6 7UY with a Companies House number of 10697255. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2017, it's largest shareholder is george johnston with a 100% stake. Tech City Ventures Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.8m with low growth in recent years.
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Tech City Ventures Ltd Health Check
Pomanda's financial health check has awarded Tech City Ventures Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£20.3m)
- Tech City Ventures Ltd
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.9%)
- Tech City Ventures Ltd
8.9% - Industry AVG
Production
with a gross margin of 33.3%, this company has a comparable cost of product (33.3%)
- Tech City Ventures Ltd
33.3% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (5.8%)
- Tech City Ventures Ltd
5.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (115)
3 - Tech City Ventures Ltd
115 - Industry AVG
Pay Structure
on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)
- Tech City Ventures Ltd
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £932.7k, this is more efficient (£196.5k)
- Tech City Ventures Ltd
£196.5k - Industry AVG
Debtor Days
it gets paid by customers after 110 days, this is later than average (44 days)
- Tech City Ventures Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (42 days)
- Tech City Ventures Ltd
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tech City Ventures Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Tech City Ventures Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.7%, this is a higher level of debt than the average (54.7%)
91.7% - Tech City Ventures Ltd
54.7% - Industry AVG
TECH CITY VENTURES LTD financials
Tech City Ventures Ltd's latest turnover from March 2024 is estimated at £2.8 million and the company has net assets of £93.6 thousand. According to their latest financial statements, Tech City Ventures Ltd has 3 employees and maintains cash reserves of £747 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 3 | 3 | 6 | 7 | 4 | 2 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 488 | 1,021 | 471 | 891 | 584 | 1,128 | 534 |
| Intangible Assets | |||||||
| Investments & Other | 12,309 | 23,127 | 23,127 | 22,994 | 22,993 | 31,878 | 21,878 |
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 12,797 | 24,148 | 23,598 | 23,885 | 23,577 | 33,006 | 22,412 |
| Stock & work in progress | |||||||
| Trade Debtors | 847,041 | 795,959 | 874,036 | 703,570 | 273,661 | 103,452 | 69,847 |
| Group Debtors | 217,045 | 202,975 | 191,525 | 166,771 | 83,886 | 59,136 | 29,491 |
| Misc Debtors | 48,416 | 63,726 | 59,441 | 20,830 | 80,940 | 18,678 | 16,440 |
| Cash | 747 | 22,007 | 1,731 | 565 | 21,801 | 1,089 | |
| misc current assets | |||||||
| total current assets | 1,113,249 | 1,084,667 | 1,126,733 | 891,736 | 460,288 | 181,266 | 116,867 |
| total assets | 1,126,046 | 1,108,815 | 1,150,331 | 915,621 | 483,865 | 214,272 | 139,279 |
| Bank overdraft | 11,289 | 10,000 | 16,998 | 11,696 | 33,233 | 3,923 | |
| Bank loan | |||||||
| Trade Creditors | 14,774 | 13,923 | 14,366 | 49,125 | 59,049 | 47,617 | 21,832 |
| Group/Directors Accounts | 348,225 | 259,010 | 188,926 | 172,449 | 69,502 | 38,535 | 33,462 |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 632,532 | 687,672 | 873,709 | 598,035 | 321,021 | 122,617 | 83,469 |
| total current liabilities | 1,006,820 | 970,605 | 1,093,999 | 831,305 | 482,805 | 212,692 | 138,763 |
| loans | 25,458 | 22,500 | 31,667 | 41,667 | |||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | 122 | 247 | 89 | 169 | 111 | 214 | 101 |
| total long term liabilities | 25,580 | 22,747 | 31,756 | 41,836 | 111 | 214 | 101 |
| total liabilities | 1,032,400 | 993,352 | 1,125,755 | 873,141 | 482,916 | 212,906 | 138,864 |
| net assets | 93,646 | 115,463 | 24,576 | 42,480 | 949 | 1,366 | 415 |
| total shareholders funds | 93,646 | 115,463 | 24,576 | 42,480 | 949 | 1,366 | 415 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 533 | 635 | 420 | 690 | 544 | 457 | 49 |
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 49,842 | -62,342 | 233,831 | 452,684 | 257,221 | 65,488 | 115,778 |
| Creditors | 851 | -443 | -34,759 | -9,924 | 11,432 | 25,785 | 21,832 |
| Accruals and Deferred Income | -55,140 | -186,037 | 275,674 | 277,014 | 198,404 | 39,148 | 83,469 |
| Deferred Taxes & Provisions | -125 | 158 | -80 | 58 | -103 | 113 | 101 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -10,818 | 133 | 1 | -8,885 | 10,000 | 21,878 | |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 89,215 | 70,084 | 16,477 | 102,947 | 30,967 | 5,073 | 33,462 |
| Other Short Term Loans | |||||||
| Long term loans | 2,958 | -9,167 | -10,000 | 41,667 | |||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -21,260 | 20,276 | 1,166 | -21,236 | 21,801 | -1,089 | 1,089 |
| overdraft | 1,289 | -6,998 | 5,302 | -21,537 | 29,310 | 3,923 | |
| change in cash | -22,549 | 27,274 | -4,136 | 301 | -7,509 | -5,012 | 1,089 |
tech city ventures ltd Credit Report and Business Information
Tech City Ventures Ltd Competitor Analysis
Perform a competitor analysis for tech city ventures ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SS6 area or any other competitors across 12 key performance metrics.
tech city ventures ltd Ownership
TECH CITY VENTURES LTD group structure
Tech City Ventures Ltd has 4 subsidiary companies.
Ultimate parent company
TECH CITY VENTURES LTD
10697255
4 subsidiaries
tech city ventures ltd directors
Tech City Ventures Ltd currently has 1 director, Mr George Johnston serving since Mar 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Johnston | England | 32 years | Mar 2017 | - | Director |
P&L
March 2024turnover
2.8m
+10%
operating profit
-18.5k
0%
gross margin
33.3%
+0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
93.6k
-0.19%
total assets
1.1m
+0.02%
cash
747
-0.97%
net assets
Total assets minus all liabilities
Similar Companies
tech city ventures ltd company details
company number
10697255
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
tcv holdings ltd (February 2019)
accountant
-
auditor
-
address
3 totman crescent, rayleigh, essex, SS6 7UY
Bank
-
Legal Advisor
-
tech city ventures 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 1 charges/mortgages relating to tech city ventures ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
tech city ventures 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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tech city ventures ltd Companies House Filings - See Documents
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