tec services association c.i.c.Estimated Valuation
£1.8m
Pomanda estimates the enterprise value of TEC SERVICES ASSOCIATION C.I.C. at £1.8m based on a Turnover of £2.8m and 0.63x industry multiple (adjusted for size and gross margin).
tec services association c.i.c.Estimated Valuation
£53.2k
Pomanda estimates the enterprise value of TEC SERVICES ASSOCIATION C.I.C. at £53.2k based on an EBITDA of £9k and a 5.89x industry multiple (adjusted for size and gross margin).
tec services association c.i.c.Estimated Valuation
£527.4k
Pomanda estimates the enterprise value of TEC SERVICES ASSOCIATION C.I.C. at £527.4k based on Net Assets of £208.2k and 2.53x industry multiple (adjusted for liquidity).
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Tec Services Association C.i.c.Overview
Tec Services Association C.i.c. is a live company located in wilmslow, SK9 5AG with a Companies House number of 11116454. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in December 2017, it's largest shareholder is
unknown.
Tec Services Association C.i.c. is a young,
small sized company, Pomanda has estimated its turnover at
£2.8m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Tec Services Association C.I.C. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £2.8m, make it larger than the average company (£1.3m)
£2.8m - Tec Services Association C.i.c.
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.7%)
13% - Tec Services Association C.i.c.
5.7% - Industry AVG
Production
with a gross margin of 62.6%, this company has a comparable cost of product (62.6%)
62.6% - Tec Services Association C.i.c.
62.6% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (6.7%)
0.2% - Tec Services Association C.i.c.
6.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (31)
15 - Tec Services Association C.i.c.
31 - Industry AVG
Pay Structure
on an average salary of £26k, the company has an equivalent pay structure (£26k)
£26k - Tec Services Association C.i.c.
£26k - Industry AVG
Efficiency
resulting in sales per employee of £185.3k, this is more efficient (£44.9k)
£185.3k - Tec Services Association C.i.c.
£44.9k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (17 days)
47 days - Tec Services Association C.i.c.
17 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is slower than average (8 days)
29 days - Tec Services Association C.i.c.
8 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tec Services Association C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 17 weeks, this is less cash available to meet short term requirements (138 weeks)
17 weeks - Tec Services Association C.i.c.
138 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.6%, this is a higher level of debt than the average (24.2%)
69.6% - Tec Services Association C.i.c.
24.2% - Industry AVG
TEC SERVICES ASSOCIATION C.I.C. financials
EXPORT
Tec Services Association C.I.C.'s latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of £208.2 thousand. According to their latest financial statements, Tec Services Association C.I.C. has 15 employees and maintains cash reserves of £157.2 thousand 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
2,779,335
3,194,975
2,663,953
1,933,342
1,307,242
167,677
Other Income Or Grants
Cost Of Sales
1,038,250
1,144,777
918,217
702,847
423,886
55,227
Gross Profit
1,741,085
2,050,198
1,745,736
1,230,495
883,355
112,450
Admin Expenses
1,736,665
2,032,734
1,755,197
1,230,271
800,636
-28,962
Operating Profit
4,420
17,464
-9,461
224
82,719
141,412
Interest Payable
Interest Receivable
9,347
8,455
982
410
2,627
1,428
Pre-Tax Profit
13,767
25,920
-8,479
635
85,346
142,840
Tax
-3,442
-4,925
-121
-16,216
-27,140
Profit After Tax
10,325
20,995
-8,479
514
69,130
115,700
Dividends Paid
Retained Profit
10,325
20,995
-8,479
514
69,130
115,700
Employee Costs
390,353
315,560
279,559
157,451
109,102
106,133
Number Of Employees
15
13
12
7
5
5
EBITDA*
9,034
23,054
79
9,764
96,048
146,427
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Tangible Assets
11,146
9,900
12,789
15,842
23,844
8,039
Intangible Assets
Investments & Other
1
1
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
11,147
9,901
12,790
15,843
23,845
8,040
Stock & work in progress
Trade Debtors
363,916
469,685
356,667
271,790
195,405
Group Debtors
71,836
71,613
32,435
16,914
112,566
48,999
Misc Debtors
79,980
64,739
28,768
74,472
23,025
156,481
Cash
157,208
198,867
284,300
501,027
319,873
380,688
misc current assets
total current assets
672,940
804,904
702,170
864,203
650,869
586,168
total assets
684,087
814,805
714,960
880,046
674,714
594,208
Bank overdraft
Bank loan
Trade Creditors
82,987
51,637
64,585
69,390
71,040
45,986
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
392,915
565,308
473,510
625,312
418,844
432,522
total current liabilities
475,902
616,945
538,095
694,702
489,884
478,508
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
475,902
616,945
538,095
694,702
489,884
478,508
net assets
208,185
197,860
176,865
185,344
184,830
115,700
total shareholders funds
208,185
197,860
176,865
185,344
184,830
115,700
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Operating Activities
Operating Profit
4,420
17,464
-9,461
224
82,719
141,412
Depreciation
4,614
5,590
9,540
9,540
13,329
5,015
Amortisation
Tax
-3,442
-4,925
-121
-16,216
-27,140
Stock
Debtors
-90,305
188,167
54,694
32,180
125,516
205,480
Creditors
31,350
-12,948
-4,805
-1,650
25,054
45,986
Accruals and Deferred Income
-172,393
91,798
-151,802
206,468
-13,678
432,522
Deferred Taxes & Provisions
Cash flow from operations
-45,146
-91,188
-211,222
182,281
-34,308
392,315
Investing Activities
capital expenditure
-5,860
-2,701
-6,487
-1,538
-29,134
-13,054
Change in Investments
1
cash flow from investments
-5,860
-2,701
-6,487
-1,538
-29,134
-13,055
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
9,347
8,455
982
410
2,627
1,428
cash flow from financing
9,347
8,455
982
410
2,627
1,428
cash and cash equivalents
cash
-41,659
-85,433
-216,727
181,154
-60,815
380,688
overdraft
change in cash
-41,659
-85,433
-216,727
181,154
-60,815
380,688
tec services association c.i.c. Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tec services association c.i.c.. Get real-time insights into tec services association c.i.c.'s credit score, group structure and payment trends.
Tec Services Association C.i.c. Competitor Analysis
Perform a competitor analysis for tec services association c.i.c. by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in SK9 area or any other competitors across 12 key performance metrics.
tec services association c.i.c. Ownership
TEC SERVICES ASSOCIATION C.I.C. group structure
Tec Services Association C.I.C. has no subsidiary companies.
Ultimate parent company
TEC SERVICES ASSOCIATION C.I.C.
11116454
TEC SERVICES ASSOCIATION C.I.C. Shareholders
The sole shareholder of Tec Services Association C.I.C. is -.
-
-
tec services association c.i.c. directors
Tec Services Association C.I.C. currently has 8 directors.
The longest serving directors include
Mrs Alyson Scurfield (Dec 2017) and
Mr Kevin McSorley (Jan 2018).
88990 - Other social work activities without accommodation n.e.c.
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
AFFORD BOND HOLDINGS LIMITED
auditor
-
address
suite 8 wilmslow house, grove way, wilmslow, cheshire, SK9 5AG
Bank
-
Legal Advisor
-
tec services association c.i.c. 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 tec services association c.i.c..
tec services association c.i.c. 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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tec services association c.i.c.Companies House Filings - See Documents
