Pomanda estimates the enterprise value of TEST BASE SOLUTIONS LTD at £2.7m based on a Turnover of £3.9m and 0.68x industry multiple (adjusted for size and gross margin).
test base solutions ltdEstimated Valuation
£2.7m
Pomanda estimates the enterprise value of TEST BASE SOLUTIONS LTD at £2.7m based on an EBITDA of £671.3k and a 4.03x industry multiple (adjusted for size and gross margin).
test base solutions ltdEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of TEST BASE SOLUTIONS LTD at £1.8m based on Net Assets of £793k and 2.23x industry multiple (adjusted for liquidity).
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Test Base Solutions LtdOverview
Test Base Solutions Ltd is a live company located in coventry, CV5 9AB with a Companies House number of 11241021. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in March 2018, it's largest shareholder is
vasanthakumar subbiah
with a 58.7% stake. Test Base Solutions Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£3.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Test Base Solutions Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
1 Regular
5 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£18.9m)
£3.9m - Test Base Solutions Ltd
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (9.2%)
106% - Test Base Solutions Ltd
9.2% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (30.5%)
18.3% - Test Base Solutions Ltd
30.5% - Industry AVG
Profitability
an operating margin of 16.8% make it more profitable than the average company (7%)
16.8% - Test Base Solutions Ltd
7% - Industry AVG
Employees
with 42 employees, this is below the industry average (92)
42 - Test Base Solutions Ltd
92 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
£47.7k - Test Base Solutions Ltd
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £93.1k, this is less efficient (£189.6k)
£93.1k - Test Base Solutions Ltd
£189.6k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (51 days)
73 days - Test Base Solutions Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (36 days)
40 days - Test Base Solutions Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Test Base Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 45 weeks, this is more cash available to meet short term requirements (16 weeks)
45 weeks - Test Base Solutions Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31%, this is a lower level of debt than the average (40.5%)
31% - Test Base Solutions Ltd
40.5% - Industry AVG
TEST BASE SOLUTIONS LTD financials
EXPORT
Test Base Solutions Ltd's latest turnover from March 2024 is estimated at £3.9 million and the company has net assets of £793 thousand. According to their latest financial statements, Test Base Solutions Ltd has 42 employees and maintains cash reserves of £311 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Turnover
3,910,581
1,819,590
696,249
448,165
207,211
100,108
Other Income Or Grants
Cost Of Sales
3,196,336
1,485,618
567,866
362,176
166,763
81,243
Gross Profit
714,245
333,972
128,382
85,989
40,448
18,865
Admin Expenses
55,863
-17,211
126,112
81,673
20,796
37,279
Operating Profit
658,382
351,183
2,270
4,316
19,652
-18,414
Interest Payable
Interest Receivable
10,638
4,350
414
Pre-Tax Profit
669,020
355,533
2,684
4,316
19,652
-18,414
Tax
-167,255
-67,551
-510
-820
-3,734
Profit After Tax
501,765
287,982
2,174
3,496
15,918
-18,414
Dividends Paid
Retained Profit
501,765
287,982
2,174
3,496
15,918
-18,414
Employee Costs
2,005,269
700,301
311,973
84,800
43,211
40,720
Number Of Employees
42
15
7
2
1
1
EBITDA*
671,293
354,602
2,270
4,316
19,652
-18,414
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Tangible Assets
51,645
10,256
3,555
1,095
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
51,645
10,256
3,555
1,095
Stock & work in progress
Trade Debtors
786,235
461,222
109,191
116,160
51,804
14,903
Group Debtors
Misc Debtors
Cash
310,978
94,283
110,446
misc current assets
total current assets
1,097,213
555,505
219,637
116,160
51,804
14,903
total assets
1,148,858
565,761
223,192
117,255
51,804
14,903
Bank overdraft
Bank loan
Trade Creditors
355,833
274,502
219,915
116,255
54,300
33,317
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
355,833
274,502
219,915
116,255
54,300
33,317
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
355,833
274,502
219,915
116,255
54,300
33,317
net assets
793,025
291,259
3,277
1,000
-2,496
-18,414
total shareholders funds
793,025
291,259
3,277
1,000
-2,496
-18,414
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Operating Activities
Operating Profit
658,382
351,183
2,270
4,316
19,652
-18,414
Depreciation
12,911
3,419
Amortisation
Tax
-167,255
-67,551
-510
-820
-3,734
Stock
Debtors
325,013
352,031
-6,969
64,356
36,901
14,903
Creditors
81,331
54,587
103,660
61,955
20,983
33,317
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
260,356
-10,393
112,389
1,095
Investing Activities
capital expenditure
-54,300
-10,120
-2,460
-1,095
Change in Investments
cash flow from investments
-54,300
-10,120
-2,460
-1,095
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
1
103
interest
10,638
4,350
414
cash flow from financing
10,639
4,350
517
cash and cash equivalents
cash
216,695
-16,163
110,446
overdraft
change in cash
216,695
-16,163
110,446
test base solutions ltd 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 test base solutions ltd. Get real-time insights into test base solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for test base solutions ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in CV5 area or any other competitors across 12 key performance metrics.
test base solutions ltd Ownership
TEST BASE SOLUTIONS LTD group structure
Test Base Solutions Ltd has no subsidiary companies.
Ultimate parent company
TEST BASE SOLUTIONS LTD
11241021
TEST BASE SOLUTIONS LTD Shareholders
The largest shareholders in Test Base Solutions Ltd include Vasanthakumar Subbiah and Deebiga Thiyagarajan.
vasanthakumar subbiah
58.65%
deebiga thiyagarajan
39.42%
akilandeeswari prabu
0.96%
undisclosed
0.96%
test base solutions ltd directors
Test Base Solutions Ltd currently has 2 directors.
The longest serving directors include
Mr Vasanthakumar Subbiah (Jan 2020) and
Mrs Deebiga Thiyagarajan (Apr 2023).
first floor, unit 3, rye hill office park, coventry, CV5 9AB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
test base solutions 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 did not find charges/mortgages relating to test base solutions ltd.
test base solutions 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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test base solutions ltdCompanies House Filings - See Documents
