Pomanda estimates the enterprise value of TANG DEVELOPMENTS LIMITED at £3.3m based on a Turnover of £5.9m and 0.55x industry multiple (adjusted for size and gross margin).
tang developments limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of TANG DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-1.8m and a 4.23x industry multiple (adjusted for size and gross margin).
tang developments limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of TANG DEVELOPMENTS LIMITED at £0 based on Net Assets of £-2m and 1.39x industry multiple (adjusted for liquidity).
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Tang Developments LimitedOverview
Tang Developments Limited is a live company located in derby, DE1 3BB with a Companies House number of 12012045. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2019, it's largest shareholder is
kane tang
with a 100% stake. Tang Developments Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£5.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Tang Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
3 Regular
4 Weak
Size
annual sales of £5.9m, make it larger than the average company (£2.1m)
£5.9m - Tang Developments Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 78%, show it is growing at a faster rate (2.9%)
78% - Tang Developments Limited
2.9% - Industry AVG
Production
with a gross margin of 26.5%, this company has a comparable cost of product (26.5%)
26.5% - Tang Developments Limited
26.5% - Industry AVG
Profitability
an operating margin of -30.1% make it less profitable than the average company (7.5%)
-30.1% - Tang Developments Limited
7.5% - Industry AVG
Employees
with 22 employees, this is above the industry average (6)
22 - Tang Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
£46.6k - Tang Developments Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £268.7k, this is equally as efficient (£275.3k)
£268.7k - Tang Developments Limited
£275.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Tang Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Tang Developments Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 281 days, this is more than average (152 days)
281 days - Tang Developments Limited
152 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Tang Developments Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 159.3%, this is a higher level of debt than the average (72.5%)
159.3% - Tang Developments Limited
72.5% - Industry AVG
TANG DEVELOPMENTS LIMITED financials
EXPORT
Tang Developments Limited's latest turnover from May 2023 is estimated at £5.9 million and the company has net assets of -£2 million. According to their latest financial statements, we estimate that Tang Developments Limited has 22 employees and maintains cash reserves of £4.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2023
May 2022
May 2021
May 2020
Turnover
5,911,601
4,532,654
8,691,569
1,051,935
Other Income Or Grants
Cost Of Sales
4,344,505
3,383,346
6,615,488
778,632
Gross Profit
1,567,096
1,149,308
2,076,081
273,303
Admin Expenses
3,349,354
1,351,801
2,076,292
273,301
Operating Profit
-1,782,258
-202,493
-211
2
Interest Payable
5,238
1,746
Interest Receivable
127
8
Pre-Tax Profit
-1,787,369
-204,231
-211
2
Tax
Profit After Tax
-1,787,369
-204,231
-211
2
Dividends Paid
Retained Profit
-1,787,369
-204,231
-211
2
Employee Costs
1,024,737
751,644
1,510,257
215,236
Number Of Employees
22
17
35
5
EBITDA*
-1,782,258
-202,493
-211
2
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2023
May 2022
May 2021
May 2020
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
3,351,650
3,351,650
Trade Debtors
920,958
115,911
Group Debtors
Misc Debtors
4,293
4,293
Cash
4,123
1,514
misc current assets
total current assets
3,360,066
3,357,457
920,958
115,911
total assets
3,360,066
3,357,457
920,958
115,911
Bank overdraft
Bank loan
Trade Creditors
510,776
871,167
65,909
Group/Directors Accounts
5,301,987
2,898,541
other short term finances
hp & lease commitments
other current liabilities
102,692
total current liabilities
5,301,987
3,512,009
871,167
65,909
loans
49,886
49,886
hp & lease commitments
Accruals and Deferred Income
other liabilities
50,000
50,000
provisions
total long term liabilities
49,886
49,886
50,000
50,000
total liabilities
5,351,873
3,561,895
921,167
115,909
net assets
-1,991,807
-204,438
-209
2
total shareholders funds
-1,991,807
-204,438
-209
2
May 2023
May 2022
May 2021
May 2020
Operating Activities
Operating Profit
-1,782,258
-202,493
-211
2
Depreciation
Amortisation
Tax
Stock
3,351,650
Debtors
-916,665
805,047
115,911
Creditors
-510,776
-360,391
805,258
65,909
Accruals and Deferred Income
-102,692
102,692
Deferred Taxes & Provisions
Cash flow from operations
-2,395,726
-2,895,177
-50,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
2,403,446
2,898,541
Other Short Term Loans
Long term loans
49,886
Hire Purchase and Lease Commitments
other long term liabilities
-50,000
50,000
share issue
2
interest
-5,111
-1,738
cash flow from financing
2,398,335
2,896,691
50,000
cash and cash equivalents
cash
2,609
1,514
overdraft
change in cash
2,609
1,514
tang developments limited 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 tang developments limited. Get real-time insights into tang developments limited's credit score, group structure and payment trends.
Perform a competitor analysis for tang developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in DE1 area or any other competitors across 12 key performance metrics.
tang developments limited Ownership
TANG DEVELOPMENTS LIMITED group structure
Tang Developments Limited has no subsidiary companies.
Ultimate parent company
TANG DEVELOPMENTS LIMITED
12012045
TANG DEVELOPMENTS LIMITED Shareholders
The sole shareholder of Tang Developments Limited is Kane Tang.
kane tang
100%
tang developments limited directors
Tang Developments Limited currently has 1 director, Mr Kane Tang serving since May 2019.
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 2 charges/mortgages relating to tang developments limited. Currently there are 2 open charges and 0 have been satisfied in the past.
tang developments limited 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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tang developments limitedCompanies House Filings - See Documents
