tiateck limited
tiateck limited Company Information
Group Structure
View All
Industry
Non-specialised wholesale trade
+3Registered Address
flat 14 city gate house, 399-425 eastern avenue, ilford, IG2 6LQ
Website
-tiateck limited Estimated Valuation
Pomanda estimates the enterprise value of TIATECK LIMITED at £20.5k based on a Turnover of £76.1k and 0.27x industry multiple (adjusted for size and gross margin).
tiateck limited Estimated Valuation
Pomanda estimates the enterprise value of TIATECK LIMITED at £3.5k based on an EBITDA of £1.2k and a 3x industry multiple (adjusted for size and gross margin).
tiateck limited Estimated Valuation
Pomanda estimates the enterprise value of TIATECK LIMITED at £2k based on Net Assets of £938 and 2.13x industry multiple (adjusted for liquidity).
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Tiateck Limited Overview
Tiateck Limited is a live company located in ilford, IG2 6LQ with a Companies House number of 12595202. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in May 2020, it's largest shareholder is varun bhardwaj with a 100% stake. Tiateck Limited is a young, micro sized company, Pomanda has estimated its turnover at £76.1k with unknown growth in recent years.
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Tiateck Limited Health Check
Pomanda's financial health check has awarded Tiateck Limited 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
1 Strong
1 Regular
7 Weak
Size
annual sales of £76.1k, make it smaller than the average company (£15.1m)
- Tiateck Limited
£15.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Tiateck Limited
- - Industry AVG
Production
with a gross margin of 17.3%, this company has a higher cost of product (25.7%)
- Tiateck Limited
25.7% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (4.7%)
- Tiateck Limited
4.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (37)
1 - Tiateck Limited
37 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- Tiateck Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £76.1k, this is less efficient (£408.2k)
- Tiateck Limited
£408.2k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (52 days)
- Tiateck Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (37 days)
- Tiateck Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tiateck Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Tiateck Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.5%, this is a higher level of debt than the average (57.8%)
81.5% - Tiateck Limited
57.8% - Industry AVG
TIATECK LIMITED financials
Tiateck Limited's latest turnover from May 2022 is estimated at £76.1 thousand and the company has net assets of £938. According to their latest financial statements, Tiateck Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2022 | May 2021 | |
|---|---|---|
| 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 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2022 | May 2021 | |
|---|---|---|
| Tangible Assets | 2,161 | |
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 2,161 | |
| Stock & work in progress | ||
| Trade Debtors | 2,903 | |
| Group Debtors | ||
| Misc Debtors | ||
| Cash | 100 | |
| misc current assets | ||
| total current assets | 2,903 | 100 |
| total assets | 5,064 | 100 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 4,126 | |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 4,126 | |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | ||
| total long term liabilities | ||
| total liabilities | 4,126 | |
| net assets | 938 | 100 |
| total shareholders funds | 938 | 100 |
| May 2022 | May 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 2,903 | |
| Creditors | 4,126 | |
| Accruals and Deferred Income | ||
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| 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 | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | -100 | 100 |
| overdraft | ||
| change in cash | -100 | 100 |
tiateck limited Credit Report and Business Information
Tiateck Limited Competitor Analysis
Perform a competitor analysis for tiateck limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in IG2 area or any other competitors across 12 key performance metrics.
tiateck limited Ownership
TIATECK LIMITED group structure
Tiateck Limited has no subsidiary companies.
Ultimate parent company
TIATECK LIMITED
12595202
tiateck limited directors
Tiateck Limited currently has 1 director, Mr Varun Bhardwaj serving since May 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Varun Bhardwaj | England | 40 years | May 2020 | - | Director |
P&L
May 2022turnover
76.1k
0%
operating profit
1.2k
0%
gross margin
17.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2022net assets
938
+8.38%
total assets
5.1k
+49.64%
cash
0
-1%
net assets
Total assets minus all liabilities
Similar Companies
tiateck limited company details
company number
12595202
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
46520 - Wholesale of electronic and telecommunications equipment and parts
46510 - Wholesale of computers, computer peripheral equipment and software
incorporation date
May 2020
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2022
previous names
grit & greed ltd (May 2021)
accountant
-
auditor
-
address
flat 14 city gate house, 399-425 eastern avenue, ilford, IG2 6LQ
Bank
-
Legal Advisor
-
tiateck 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 did not find charges/mortgages relating to tiateck limited.
tiateck 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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tiateck limited Companies House Filings - See Documents
| date | description | view/download |
|---|
