tcp topco (california) limited
tcp topco (california) limited Company Information
Company Number
10943790
Website
-Registered Address
c/o walkers transport, howley park industrial estate, leeds, west yorks, LS27 0BN
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
walkers transport holdings ltd 100%
tcp topco (california) limited Estimated Valuation
Pomanda estimates the enterprise value of TCP TOPCO (CALIFORNIA) LIMITED at £122.2m based on a Turnover of £50.1m and 2.44x industry multiple (adjusted for size and gross margin).
tcp topco (california) limited Estimated Valuation
Pomanda estimates the enterprise value of TCP TOPCO (CALIFORNIA) LIMITED at £48m based on an EBITDA of £5.1m and a 9.34x industry multiple (adjusted for size and gross margin).
tcp topco (california) limited Estimated Valuation
Pomanda estimates the enterprise value of TCP TOPCO (CALIFORNIA) LIMITED at £0 based on Net Assets of £-8.9m and 1.86x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tcp Topco (california) Limited Overview
Tcp Topco (california) Limited is a live company located in leeds, LS27 0BN with a Companies House number of 10943790. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2017, it's largest shareholder is walkers transport holdings ltd with a 100% stake. Tcp Topco (california) Limited is a young, large sized company, Pomanda has estimated its turnover at £50.1m with healthy growth in recent years.
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Tcp Topco (california) Limited Health Check
Pomanda's financial health check has awarded Tcp Topco (California) Limited 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
3 Regular
5 Weak
Size
annual sales of £50.1m, make it larger than the average company (£19.3m)
£50.1m - Tcp Topco (california) Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (10.6%)
6% - Tcp Topco (california) Limited
10.6% - Industry AVG
Production
with a gross margin of 29.8%, this company has a comparable cost of product (36.2%)
29.8% - Tcp Topco (california) Limited
36.2% - Industry AVG
Profitability
an operating margin of 3.8% make it as profitable than the average company (4.6%)
3.8% - Tcp Topco (california) Limited
4.6% - Industry AVG
Employees
with 307 employees, this is above the industry average (107)
307 - Tcp Topco (california) Limited
107 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has an equivalent pay structure (£44.9k)
£40.2k - Tcp Topco (california) Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £163.3k, this is less efficient (£193.3k)
£163.3k - Tcp Topco (california) Limited
£193.3k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (45 days)
56 days - Tcp Topco (california) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (44 days)
60 days - Tcp Topco (california) Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tcp Topco (california) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - Tcp Topco (california) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.4%, this is a higher level of debt than the average (69.5%)
133.4% - Tcp Topco (california) Limited
69.5% - Industry AVG
TCP TOPCO (CALIFORNIA) LIMITED financials
Tcp Topco (California) Limited's latest turnover from December 2023 is £50.1 million and the company has net assets of -£8.9 million. According to their latest financial statements, Tcp Topco (California) Limited has 307 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 50,118,918 | 49,561,400 | 44,780,560 | 42,003,545 | 43,566,845 | 39,617,589 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 35,200,098 | 33,937,800 | 32,548,615 | 30,615,334 | 31,020,433 | 27,755,391 |
| Gross Profit | 14,918,820 | 15,623,600 | 12,231,945 | 11,388,211 | 12,546,412 | 11,862,198 |
| Admin Expenses | 13,015,717 | 12,667,614 | 10,583,463 | 11,934,253 | 11,650,797 | 10,618,544 |
| Operating Profit | 1,903,103 | 2,955,986 | 1,648,482 | -546,042 | 895,615 | 1,243,654 |
| Interest Payable | 3,448,507 | 2,169,640 | 2,099,835 | 3,211,295 | 2,716,881 | 2,680,902 |
| Interest Receivable | 0 | 0 | 0 | 0 | 918,698 | 0 |
| Pre-Tax Profit | -1,545,404 | 786,346 | -451,353 | -3,757,337 | -902,568 | -1,437,248 |
| Tax | -552,118 | -788,591 | -769,469 | -149,549 | -8,075 | -166,644 |
| Profit After Tax | -2,097,522 | -2,245 | -1,220,822 | -3,906,886 | -910,643 | -1,603,892 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,097,522 | -2,245 | -1,220,822 | -3,906,886 | -910,643 | -1,603,892 |
| Employee Costs | 12,356,674 | 12,372,982 | 10,523,393 | 9,996,287 | 11,273,471 | 7,966,223 |
| Number Of Employees | 307 | 316 | 310 | 309 | 340 | 257 |
| EBITDA* | 5,136,466 | 6,166,500 | 4,856,033 | 2,747,601 | 3,955,259 | 4,033,803 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 4,437,497 | 4,486,185 | 4,414,810 | 5,102,211 | 5,723,683 | 4,729,703 |
| Intangible Assets | 9,421,490 | 11,471,700 | 13,472,974 | 15,441,313 | 17,471,173 | 14,682,275 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,858,987 | 15,957,885 | 17,887,784 | 20,543,524 | 23,194,856 | 19,411,978 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,763,309 | 9,415,135 | 10,999,793 | 9,869,404 | 9,491,227 | 6,587,325 |
| Group Debtors | 774,800 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,115,515 | 2,642,918 | 1,470,958 | 956,848 | 1,502,586 | 1,044,900 |
| Cash | 1,064,834 | 456,264 | 1,444,486 | 633,530 | 363,235 | 200,894 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,718,458 | 12,514,317 | 13,915,237 | 11,459,782 | 11,357,048 | 7,833,119 |
| total assets | 26,577,445 | 28,472,202 | 31,803,021 | 32,003,306 | 34,551,904 | 27,245,097 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 1,181,820 | 750,000 | 750,000 | 750,000 | 700,000 | 0 |
| Trade Creditors | 5,800,664 | 3,937,708 | 6,832,148 | 4,470,939 | 5,039,301 | 4,438,307 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,250,959 | 2,211,454 | 2,713,058 | 3,096,457 | 4,264,105 | 2,941,689 |
| hp & lease commitments | 691,155 | 725,704 | 852,979 | 1,141,294 | 1,147,735 | 883,515 |
| other current liabilities | 4,250,036 | 6,171,983 | 4,583,925 | 5,280,731 | 3,505,391 | 1,474,117 |
| total current liabilities | 13,174,634 | 13,796,849 | 15,732,110 | 14,739,421 | 14,656,532 | 9,737,628 |
| loans | 19,554,692 | 18,958,150 | 19,824,734 | 19,426,234 | 17,658,518 | 14,410,575 |
| hp & lease commitments | 700,357 | 543,561 | 1,036,858 | 1,564,667 | 1,993,292 | 1,927,550 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,032,683 | 1,961,041 | 1,994,473 | 1,837,316 | 1,839,720 | 1,854,859 |
| total long term liabilities | 22,287,732 | 21,462,752 | 22,856,065 | 22,828,217 | 21,491,530 | 18,192,984 |
| total liabilities | 35,462,366 | 35,259,601 | 38,588,175 | 37,567,638 | 36,148,062 | 27,930,612 |
| net assets | -8,884,921 | -6,787,399 | -6,785,154 | -5,564,332 | -1,596,158 | -685,515 |
| total shareholders funds | -8,884,921 | -6,787,399 | -6,785,154 | -5,564,332 | -1,596,158 | -685,515 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,903,103 | 2,955,986 | 1,648,482 | -546,042 | 895,615 | 1,243,654 |
| Depreciation | 1,183,153 | 1,173,727 | 1,239,212 | 1,263,783 | 1,194,452 | 983,881 |
| Amortisation | 2,050,210 | 2,036,787 | 1,968,339 | 2,029,860 | 1,865,192 | 1,806,268 |
| Tax | -552,118 | -788,591 | -769,469 | -149,549 | -8,075 | -166,644 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -404,429 | -412,698 | 1,644,499 | -167,561 | 3,361,588 | 7,632,225 |
| Creditors | 1,862,956 | -2,894,440 | 2,361,209 | -568,362 | 600,994 | 4,438,307 |
| Accruals and Deferred Income | -1,921,947 | 1,588,058 | -696,806 | 1,775,340 | 2,031,274 | 1,474,117 |
| Deferred Taxes & Provisions | 71,642 | -33,432 | 157,157 | -2,404 | -15,139 | 1,854,859 |
| Cash flow from operations | 5,001,428 | 4,450,793 | 4,263,625 | 3,970,187 | 3,202,725 | 4,002,217 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -659,689 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -659,689 |
| Financing Activities | ||||||
| Bank loans | 431,820 | 0 | 0 | 50,000 | 700,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -960,495 | -501,604 | -383,399 | -1,167,648 | 1,322,416 | 2,941,689 |
| Long term loans | 596,542 | -866,584 | 398,500 | 1,767,716 | 3,247,943 | 14,410,575 |
| Hire Purchase and Lease Commitments | 122,247 | -620,572 | -816,124 | -435,066 | 329,962 | 2,811,065 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -3,448,507 | -2,169,640 | -2,099,835 | -3,211,295 | -1,798,183 | -2,680,902 |
| cash flow from financing | -3,258,393 | -4,158,400 | -2,900,858 | -3,057,581 | 3,802,138 | 18,400,804 |
| cash and cash equivalents | ||||||
| cash | 608,570 | -988,222 | 810,956 | 270,295 | 162,341 | 200,894 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 608,570 | -988,222 | 810,956 | 270,295 | 162,341 | 200,894 |
tcp topco (california) limited Credit Report and Business Information
Tcp Topco (california) Limited Competitor Analysis
Perform a competitor analysis for tcp topco (california) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in LS27 area or any other competitors across 12 key performance metrics.
tcp topco (california) limited Ownership
TCP TOPCO (CALIFORNIA) LIMITED group structure
Tcp Topco (California) Limited has 1 subsidiary company.
Ultimate parent company
TCP CALIFORNIA INVESTMENT LLP
#0170209
2 parents
TCP TOPCO (CALIFORNIA) LIMITED
10943790
1 subsidiary
tcp topco (california) limited directors
Tcp Topco (California) Limited currently has 4 directors. The longest serving directors include Mr Mark Buttler (Oct 2017) and Mr Scott Hobman (Oct 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Buttler | England | 53 years | Oct 2017 | - | Director |
| Mr Scott Hobman | 53 years | Oct 2017 | - | Director | |
| Mr Jason Scott | United Kingdom | 44 years | Oct 2017 | - | Director |
| Mr David Balfour | 54 years | Jul 2023 | - | Director |
P&L
December 2023turnover
50.1m
+1%
operating profit
1.9m
-36%
gross margin
29.8%
-5.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-8.9m
+0.31%
total assets
26.6m
-0.07%
cash
1.1m
+1.33%
net assets
Total assets minus all liabilities
tcp topco (california) limited company details
company number
10943790
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
September 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ARMSTRONG WATSON AUDIT LIMITED
address
c/o walkers transport, howley park industrial estate, leeds, west yorks, LS27 0BN
Bank
-
Legal Advisor
-
tcp topco (california) 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 3 charges/mortgages relating to tcp topco (california) limited. Currently there are 2 open charges and 1 have been satisfied in the past.
tcp topco (california) limited Companies House Filings - See Documents
| date | description | view/download |
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