Pomanda estimates the enterprise value of TIS TECH LTD at £51.9k based on a Turnover of £255k and 0.2x industry multiple (adjusted for size and gross margin).
tis tech ltdEstimated Valuation
£1.6k
Pomanda estimates the enterprise value of TIS TECH LTD at £1.6k based on an EBITDA of £760 and a 2.17x industry multiple (adjusted for size and gross margin).
tis tech ltdEstimated Valuation
£21.3k
Pomanda estimates the enterprise value of TIS TECH LTD at £21.3k based on Net Assets of £10.5k and 2.03x industry multiple (adjusted for liquidity).
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Tis Tech LtdOverview
Tis Tech Ltd is a live company located in london, N9 0EQ with a Companies House number of 11628548. It operates in the retail sale of computers, peripheral units and software in specialised stores sector, SIC Code 47410. Founded in October 2018, it's largest shareholder is
tariq mehmood
with a 100% stake. Tis Tech Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£255k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Tis Tech Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £255k, make it smaller than the average company (£5.4m)
£255k - Tis Tech Ltd
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 103%, show it is growing at a faster rate (7.6%)
103% - Tis Tech Ltd
7.6% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (25.6%)
16.9% - Tis Tech Ltd
25.6% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (4.4%)
0.3% - Tis Tech Ltd
4.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (25)
2 - Tis Tech Ltd
25 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
£31.9k - Tis Tech Ltd
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £127.5k, this is less efficient (£156.6k)
£127.5k - Tis Tech Ltd
£156.6k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (35 days)
83 days - Tis Tech Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is close to average (31 days)
31 days - Tis Tech Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tis Tech Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Tis Tech Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82%, this is a higher level of debt than the average (70.4%)
82% - Tis Tech Ltd
70.4% - Industry AVG
TIS TECH LTD financials
EXPORT
Tis Tech Ltd's latest turnover from March 2024 is estimated at £255 thousand and the company has net assets of £10.5 thousand. According to their latest financial statements, Tis Tech Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Turnover
254,985
165,556
130,598
30,678
25,784
Other Income Or Grants
Cost Of Sales
211,812
138,122
109,874
25,514
21,002
Gross Profit
43,173
27,434
20,724
5,164
4,782
Admin Expenses
42,413
26,786
12,738
4,445
1,871
Operating Profit
760
648
7,986
719
2,911
Interest Payable
Interest Receivable
Pre-Tax Profit
760
648
7,986
719
2,911
Tax
-190
-123
-1,517
-137
-553
Profit After Tax
570
525
6,469
582
2,358
Dividends Paid
Retained Profit
570
525
6,469
582
2,358
Employee Costs
63,801
71,874
34,042
30,836
27,053
Number Of Employees
2
2
1
1
1
EBITDA*
760
648
7,986
719
2,911
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
210
263
329
411
573
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
210
263
329
411
573
Stock & work in progress
Trade Debtors
58,134
51,569
48,617
4,651
2,929
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
58,134
51,569
48,617
4,651
2,929
total assets
58,344
51,832
48,946
5,062
3,502
Bank overdraft
Bank loan
Trade Creditors
18,509
8,994
3,062
483
331
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
18,509
8,994
3,062
483
331
loans
hp & lease commitments
Accruals and Deferred Income
4,065
3,252
2,439
1,639
813
other liabilities
25,266
29,652
34,036
provisions
total long term liabilities
29,331
32,904
36,475
1,639
813
total liabilities
47,840
41,898
39,537
2,122
1,144
net assets
10,504
9,934
9,409
2,940
2,358
total shareholders funds
10,504
9,934
9,409
2,940
2,358
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
760
648
7,986
719
2,911
Depreciation
Amortisation
Tax
-190
-123
-1,517
-137
-553
Stock
Debtors
6,565
2,952
43,966
1,722
2,929
Creditors
9,515
5,932
2,579
152
331
Accruals and Deferred Income
813
813
800
826
813
Deferred Taxes & Provisions
Cash flow from operations
4,333
4,318
-34,118
-162
573
Investing Activities
capital expenditure
53
66
82
162
-573
Change in Investments
cash flow from investments
53
66
82
162
-573
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-4,386
-4,384
34,036
share issue
interest
cash flow from financing
-4,386
-4,384
34,036
cash and cash equivalents
cash
overdraft
change in cash
tis tech 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 tis tech ltd. Get real-time insights into tis tech ltd's credit score, group structure and payment trends.
Perform a competitor analysis for tis tech ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in N 9 area or any other competitors across 12 key performance metrics.
tis tech ltd Ownership
TIS TECH LTD group structure
Tis Tech Ltd has no subsidiary companies.
Ultimate parent company
TIS TECH LTD
11628548
TIS TECH LTD Shareholders
The sole shareholder of Tis Tech Ltd is Tariq Mehmood.
tariq mehmood
100%
tis tech ltd directors
Tis Tech Ltd currently has 1 director, Mr Tariq Mehmood serving since Oct 2018.
47421 - Retail sale of mobile telephones in specialised stores
47410 - Retail sale of computers, peripheral units and software in specialised stores
47429 - Retail sale of telecommunications equipment (other than mobile telephones) n.e.c., in specialised stores
incorporation date
October 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
tis global retail ltd (October 2019)
accountant
-
auditor
-
address
7 north mall, edmonton green, london, N9 0EQ
Bank
-
Legal Advisor
-
tis tech 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 tis tech ltd.
tis tech 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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tis tech ltdCompanies House Filings - See Documents
