transact technology solutions holdings limited
transact technology solutions holdings limited Company Information
Company Number
13193296
Next Accounts
Sep 2025
Shareholders
qubic trustees ltd
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
2 st. james gate, newcastle upon tyne, NE1 4AD
Website
qubictax.comtransact technology solutions holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TRANSACT TECHNOLOGY SOLUTIONS HOLDINGS LIMITED at £38.3m based on a Turnover of £26.4m and 1.45x industry multiple (adjusted for size and gross margin).
transact technology solutions holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TRANSACT TECHNOLOGY SOLUTIONS HOLDINGS LIMITED at £0 based on an EBITDA of £-685.6k and a 6.03x industry multiple (adjusted for size and gross margin).
transact technology solutions holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TRANSACT TECHNOLOGY SOLUTIONS HOLDINGS LIMITED at £0 based on Net Assets of £-2.9m and 1.34x industry multiple (adjusted for liquidity).
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Transact Technology Solutions Holdings Limited Overview
Transact Technology Solutions Holdings Limited is a live company located in newcastle upon tyne, NE1 4AD with a Companies House number of 13193296. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2021, it's largest shareholder is qubic trustees ltd with a 100% stake. Transact Technology Solutions Holdings Limited is a startup, large sized company, Pomanda has estimated its turnover at £26.4m with unknown growth in recent years.
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Transact Technology Solutions Holdings Limited Health Check
Pomanda's financial health check has awarded Transact Technology Solutions Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £26.4m, make it larger than the average company (£18.9m)
£26.4m - Transact Technology Solutions Holdings Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Transact Technology Solutions Holdings Limited
- - Industry AVG
Production
with a gross margin of 21.3%, this company has a higher cost of product (36.4%)
21.3% - Transact Technology Solutions Holdings Limited
36.4% - Industry AVG
Profitability
an operating margin of -4.6% make it less profitable than the average company (4.5%)
-4.6% - Transact Technology Solutions Holdings Limited
4.5% - Industry AVG
Employees
with 53 employees, this is below the industry average (104)
53 - Transact Technology Solutions Holdings Limited
104 - Industry AVG
Pay Structure
on an average salary of £69.4k, the company has a higher pay structure (£44.7k)
£69.4k - Transact Technology Solutions Holdings Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £497.7k, this is more efficient (£191.4k)
£497.7k - Transact Technology Solutions Holdings Limited
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (45 days)
42 days - Transact Technology Solutions Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (44 days)
61 days - Transact Technology Solutions Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (40 days)
10 days - Transact Technology Solutions Holdings Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Transact Technology Solutions Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.1%, this is a higher level of debt than the average (69.6%)
133.1% - Transact Technology Solutions Holdings Limited
69.6% - Industry AVG
TRANSACT TECHNOLOGY SOLUTIONS HOLDINGS LIMITED financials
Transact Technology Solutions Holdings Limited's latest turnover from December 2023 is £26.4 million and the company has net assets of -£2.9 million. According to their latest financial statements, Transact Technology Solutions Holdings Limited has 53 employees and maintains cash reserves of £261.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|
| Turnover | 26,380,338 | 12,409,453 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 20,761,313 | 10,065,870 | |
| Gross Profit | 5,619,025 | 2,343,583 | |
| Admin Expenses | 6,826,705 | 2,991,316 | |
| Operating Profit | -1,207,680 | -647,733 | |
| Interest Payable | 281,438 | 58,590 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | -1,489,118 | -706,323 | |
| Tax | 252,786 | 17,888 | |
| Profit After Tax | -1,236,332 | -688,435 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | -1,236,332 | -688,435 | |
| Employee Costs | 3,676,194 | 1,628,402 | |
| Number Of Employees | 53 | 47 | |
| EBITDA* | -685,647 | 195,542 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|
| Tangible Assets | 136,819 | 248,017 | 0 |
| Intangible Assets | 2,659,609 | 3,030,717 | 0 |
| Investments & Other | 0 | 0 | 3,500,000 |
| Debtors (Due After 1 year) | 272,359 | 47,422 | 0 |
| Total Fixed Assets | 3,068,787 | 3,326,156 | 3,500,000 |
| Stock & work in progress | 611,204 | 403,745 | 0 |
| Trade Debtors | 3,038,526 | 4,956,983 | 0 |
| Group Debtors | 0 | 4,066 | 0 |
| Misc Debtors | 1,628,548 | 1,198,014 | 100 |
| Cash | 261,870 | 147,554 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 5,540,148 | 6,710,362 | 100 |
| total assets | 8,608,935 | 10,036,518 | 3,500,100 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 110,851 | 126,152 | 0 |
| Trade Creditors | 3,491,980 | 6,188,721 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 2,557,000 | 1,400,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 3,821,015 | 1,618,524 | 1,400,000 |
| total current liabilities | 9,980,846 | 9,333,397 | 1,400,000 |
| loans | 1,460,606 | 2,271,457 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 2,100,000 |
| provisions | 18,937 | 46,786 | 0 |
| total long term liabilities | 1,479,543 | 2,318,243 | 2,100,000 |
| total liabilities | 11,460,389 | 11,651,640 | 3,500,000 |
| net assets | -2,851,454 | -1,615,122 | 100 |
| total shareholders funds | -2,851,454 | -1,615,122 | 100 |
| Dec 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,207,680 | -647,733 | |
| Depreciation | 150,925 | 657,721 | 0 |
| Amortisation | 371,108 | 185,554 | 0 |
| Tax | 252,786 | 17,888 | |
| Stock | 207,459 | 403,745 | 0 |
| Debtors | -1,267,052 | 6,206,485 | 100 |
| Creditors | -2,696,741 | 6,188,721 | 0 |
| Accruals and Deferred Income | 2,202,491 | 1,618,524 | 1,400,000 |
| Deferred Taxes & Provisions | -27,849 | 46,786 | 0 |
| Cash flow from operations | 104,633 | 1,457,231 | |
| Investing Activities | |||
| capital expenditure | 0 | 0 | |
| Change in Investments | 0 | 0 | 3,500,000 |
| cash flow from investments | 0 | 0 | |
| Financing Activities | |||
| Bank loans | -15,301 | 126,152 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 1,157,000 | 1,400,000 | 0 |
| Long term loans | -810,851 | 2,271,457 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 2,100,000 |
| share issue | |||
| interest | -281,438 | -58,590 | |
| cash flow from financing | 49,410 | 2,812,332 | |
| cash and cash equivalents | |||
| cash | 114,316 | 147,554 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 114,316 | 147,554 | 0 |
transact technology solutions holdings limited Credit Report and Business Information
Transact Technology Solutions Holdings Limited Competitor Analysis
Perform a competitor analysis for transact technology solutions holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in NE1 area or any other competitors across 12 key performance metrics.
transact technology solutions holdings limited Ownership
TRANSACT TECHNOLOGY SOLUTIONS HOLDINGS LIMITED group structure
Transact Technology Solutions Holdings Limited has 1 subsidiary company.
Ultimate parent company
2 parents
TRANSACT TECHNOLOGY SOLUTIONS HOLDINGS LIMITED
13193296
1 subsidiary
transact technology solutions holdings limited directors
Transact Technology Solutions Holdings Limited currently has 2 directors. The longest serving directors include Mr Gavin Kilpatrick (May 2021) and Mr Christopher Leigh (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Kilpatrick | United Kingdom | 56 years | May 2021 | - | Director |
| Mr Christopher Leigh | United Kingdom | 62 years | May 2021 | - | Director |
P&L
December 2023turnover
26.4m
+113%
operating profit
-1.2m
+86%
gross margin
21.4%
+12.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.9m
+0.77%
total assets
8.6m
-0.14%
cash
261.9k
+0.77%
net assets
Total assets minus all liabilities
Similar Companies
transact technology solutions holdings limited company details
company number
13193296
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CHAMPION ACCOUNTANTS LLP
address
2 st. james gate, newcastle upon tyne, NE1 4AD
Bank
-
Legal Advisor
-
transact technology solutions holdings 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 transact technology solutions holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
transact technology solutions holdings 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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transact technology solutions holdings limited Companies House Filings - See Documents
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