tae power solutions engineering limited
tae power solutions engineering limited Company Information
Company Number
11549836
Website
www.sprint-power.comRegistered Address
c/o thrings llp 6 drakes meadow, swindon, SN3 3LL
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
443303203040
Next Accounts Due
35 days late
Group Structure
View All
Shareholders
tae power solutions limited 100%
tae power solutions engineering limited Estimated Valuation
Pomanda estimates the enterprise value of TAE POWER SOLUTIONS ENGINEERING LIMITED at £2.5m based on a Turnover of £4.5m and 0.54x industry multiple (adjusted for size and gross margin).
tae power solutions engineering limited Estimated Valuation
Pomanda estimates the enterprise value of TAE POWER SOLUTIONS ENGINEERING LIMITED at £0 based on an EBITDA of £-4.2m and a 4.43x industry multiple (adjusted for size and gross margin).
tae power solutions engineering limited Estimated Valuation
Pomanda estimates the enterprise value of TAE POWER SOLUTIONS ENGINEERING LIMITED at £0 based on Net Assets of £-5m and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tae Power Solutions Engineering Limited Overview
Tae Power Solutions Engineering Limited is a live company located in swindon, SN3 3LL with a Companies House number of 11549836. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in September 2018, it's largest shareholder is tae power solutions limited with a 100% stake. Tae Power Solutions Engineering Limited is a young, small sized company, Pomanda has estimated its turnover at £4.5m with rapid growth in recent years.
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Tae Power Solutions Engineering Limited Health Check
Pomanda's financial health check has awarded Tae Power Solutions Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £4.5m, make it larger than the average company (£2.6m)
- Tae Power Solutions Engineering Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (4.4%)
- Tae Power Solutions Engineering Limited
4.4% - Industry AVG
Production
with a gross margin of 43.9%, this company has a comparable cost of product (43.9%)
- Tae Power Solutions Engineering Limited
43.9% - Industry AVG
Profitability
an operating margin of -95.3% make it less profitable than the average company (5.8%)
- Tae Power Solutions Engineering Limited
5.8% - Industry AVG
Employees
with 84 employees, this is above the industry average (21)
84 - Tae Power Solutions Engineering Limited
21 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)
- Tae Power Solutions Engineering Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £54k, this is less efficient (£125.9k)
- Tae Power Solutions Engineering Limited
£125.9k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (57 days)
- Tae Power Solutions Engineering Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (32 days)
- Tae Power Solutions Engineering Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tae Power Solutions Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (26 weeks)
4 weeks - Tae Power Solutions Engineering Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 259.5%, this is a higher level of debt than the average (54.6%)
259.5% - Tae Power Solutions Engineering Limited
54.6% - Industry AVG
TAE POWER SOLUTIONS ENGINEERING LIMITED financials
Tae Power Solutions Engineering Limited's latest turnover from December 2022 is estimated at £4.5 million and the company has net assets of -£5 million. According to their latest financial statements, Tae Power Solutions Engineering Limited has 84 employees and maintains cash reserves of £707.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| 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 | 84 | 50 | 35 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Tangible Assets | 481,985 | 242,925 | 146,608 | 142,964 |
| Intangible Assets | 1,350 | 1,550 | 1,750 | 1,950 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 483,335 | 244,475 | 148,358 | 144,914 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 75,562 | 1,240,480 | 29,736 | 415,862 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,880,845 | 1,602,733 | 1,171,551 | 329,856 |
| Cash | 707,056 | 42,992 | 410,460 | 78,413 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,663,463 | 2,886,205 | 1,611,747 | 824,131 |
| total assets | 3,146,798 | 3,130,680 | 1,760,105 | 969,045 |
| Bank overdraft | 0 | 0 | 0 | 5,141 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 748,651 | 483,927 | 423,288 | 112,551 |
| Group/Directors Accounts | 6,387,861 | 2,061,065 | 1,689,410 | 0 |
| other short term finances | 0 | 505,884 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 936,394 | 717,790 | 603,720 | 1,518,110 |
| total current liabilities | 8,072,906 | 3,768,666 | 2,716,418 | 1,635,802 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 135,510 | 0 |
| provisions | 94,272 | 50,006 | 17,774 | 0 |
| total long term liabilities | 94,272 | 50,006 | 153,284 | 0 |
| total liabilities | 8,167,178 | 3,818,672 | 2,869,702 | 1,635,802 |
| net assets | -5,020,380 | -687,992 | -1,109,597 | -666,757 |
| total shareholders funds | -5,020,380 | -687,992 | -1,109,597 | -666,757 |
| Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 161,287 | 80,389 | 43,223 | 14,486 |
| Amortisation | 200 | 200 | 200 | 50 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -886,806 | 1,641,926 | 455,569 | 745,718 |
| Creditors | 264,724 | 60,639 | 310,737 | 112,551 |
| Accruals and Deferred Income | 218,604 | 114,070 | -914,390 | 1,518,110 |
| Deferred Taxes & Provisions | 44,266 | 32,232 | 17,774 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,326,796 | 371,655 | 1,689,410 | 0 |
| Other Short Term Loans | -505,884 | 505,884 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -135,510 | 135,510 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 664,064 | -367,468 | 332,047 | 78,413 |
| overdraft | 0 | 0 | -5,141 | 5,141 |
| change in cash | 664,064 | -367,468 | 337,188 | 73,272 |
tae power solutions engineering limited Credit Report and Business Information
Tae Power Solutions Engineering Limited Competitor Analysis
Perform a competitor analysis for tae power solutions engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SN3 area or any other competitors across 12 key performance metrics.
tae power solutions engineering limited Ownership
TAE POWER SOLUTIONS ENGINEERING LIMITED group structure
Tae Power Solutions Engineering Limited has no subsidiary companies.
Ultimate parent company
TAE POWER SOLUTIONS LLC
#0155239
2 parents
TAE POWER SOLUTIONS ENGINEERING LIMITED
11549836
tae power solutions engineering limited directors
Tae Power Solutions Engineering Limited currently has 2 directors. The longest serving directors include Mr David Roberts (Jan 2022) and Mr Kedar Munipella (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Roberts | United Kingdom | 72 years | Jan 2022 | - | Director |
| Mr Kedar Munipella | United States | 48 years | Jan 2024 | - | Director |
P&L
December 2022turnover
4.5m
-26%
operating profit
-4.3m
0%
gross margin
44%
-2.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-5m
+6.3%
total assets
3.1m
+0.01%
cash
707.1k
+15.45%
net assets
Total assets minus all liabilities
tae power solutions engineering limited company details
company number
11549836
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
September 2018
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
sprint power technology limited (January 2023)
accountant
TC GROUP
auditor
-
address
c/o thrings llp 6 drakes meadow, swindon, SN3 3LL
Bank
HSBC BANK PLC
Legal Advisor
-
tae power solutions engineering 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 1 charges/mortgages relating to tae power solutions engineering limited. Currently there are 0 open charges and 1 have been satisfied in the past.
tae power solutions engineering limited Companies House Filings - See Documents
| date | description | view/download |
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