telit iot ltd
telit iot ltd Company Information
Company Number
13353444
Next Accounts
118 days late
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
telit iot solutions ltd
Group Structure
View All
Contact
Registered Address
cannon place 78 cannon street, london, EC4N 6AF
Website
-telit iot ltd Estimated Valuation
Pomanda estimates the enterprise value of TELIT IOT LTD at £72.1k based on a Turnover of £80.9k and 0.89x industry multiple (adjusted for size and gross margin).
telit iot ltd Estimated Valuation
Pomanda estimates the enterprise value of TELIT IOT LTD at £45.2m based on an EBITDA of £13m and a 3.46x industry multiple (adjusted for size and gross margin).
telit iot ltd Estimated Valuation
Pomanda estimates the enterprise value of TELIT IOT LTD at £200.7m based on Net Assets of £152.7m and 1.31x industry multiple (adjusted for liquidity).
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Telit Iot Ltd Overview
Telit Iot Ltd is a live company located in london, EC4N 6AF with a Companies House number of 13353444. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 2021, it's largest shareholder is telit iot solutions ltd with a 100% stake. Telit Iot Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £80.9k with unknown growth in recent years.
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Telit Iot Ltd Health Check
Pomanda's financial health check has awarded Telit Iot Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £80.9k, make it smaller than the average company (£18m)
£80.9k - Telit Iot Ltd
£18m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Telit Iot Ltd
- - Industry AVG
Production
with a gross margin of 21.1%, this company has a higher cost of product (36.2%)
21.1% - Telit Iot Ltd
36.2% - Industry AVG
Profitability
an operating margin of 16133% make it more profitable than the average company (5.3%)
16133% - Telit Iot Ltd
5.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (105)
- Telit Iot Ltd
105 - Industry AVG
Pay Structure
on an average salary of £56.6k, the company has a higher pay structure (£41.9k)
- Telit Iot Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £80.9k, this is less efficient (£178.6k)
- Telit Iot Ltd
£178.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Telit Iot Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 8201 days, this is slower than average (48 days)
8201 days - Telit Iot Ltd
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Telit Iot Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Telit Iot Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.2%, this is a similar level of debt than the average (69.6%)
64.2% - Telit Iot Ltd
69.6% - Industry AVG
TELIT IOT LTD financials
Telit Iot Ltd's latest turnover from December 2022 is £80.9 thousand and the company has net assets of £152.7 million. According to their latest financial statements, we estimate that Telit Iot Ltd has 1 employee and maintains cash reserves of £636.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 80,860 | 26,645 |
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | 13,045,201 | -7,026,379 |
| Interest Payable | 1,790,248 | 250,466 |
| Interest Receivable | 0 | 390,798 |
| Pre-Tax Profit | 68,026,199 | -6,886,047 |
| Tax | 0 | 0 |
| Profit After Tax | 68,026,199 | -6,886,047 |
| Dividends Paid | 0 | 0 |
| Retained Profit | 68,026,199 | -6,886,047 |
| Employee Costs | 56,602 | 0 |
| Number Of Employees | ||
| EBITDA* | 13,045,201 | -7,026,379 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 0 | 396,112,443 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 418,573,623 | 396,112,443 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 418,573,623 | 396,112,443 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 6,457,507 | 8,111,732 |
| Misc Debtors | 956,577 | 597,744 |
| Cash | 636,371 | 2,426,503 |
| misc current assets | 0 | 0 |
| total current assets | 8,050,457 | 11,135,980 |
| total assets | 426,624,080 | 407,248,423 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,433,654 | 16,875 |
| Group/Directors Accounts | 272,216,382 | 1 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 236,920 | 298,155,253 |
| total current liabilities | 273,886,957 | 298,172,129 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 273,886,957 | 298,172,129 |
| net assets | 152,737,123 | 109,076,294 |
| total shareholders funds | 152,737,123 | 109,076,295 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 13,045,201 | -7,026,379 |
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | 0 | 0 |
| Stock | 0 | 0 |
| Debtors | -1,295,391 | 8,709,476 |
| Creditors | 1,416,779 | 16,875 |
| Accruals and Deferred Income | -297,918,333 | 298,155,253 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -282,160,962 | 282,436,273 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 22,461,180 | 396,112,443 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 272,216,382 | 1 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -1,790,248 | 140,332 |
| cash flow from financing | 246,060,763 | 116,102,675 |
| cash and cash equivalents | ||
| cash | -1,790,132 | 2,426,503 |
| overdraft | 0 | 0 |
| change in cash | -1,790,132 | 2,426,503 |
telit iot ltd Credit Report and Business Information
Telit Iot Ltd Competitor Analysis
Perform a competitor analysis for telit iot ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC4N area or any other competitors across 12 key performance metrics.
telit iot ltd Ownership
TELIT IOT LTD group structure
Telit Iot Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
TELIT IOT LTD
13353444
1 subsidiary
telit iot ltd directors
Telit Iot Ltd currently has 7 directors. The longest serving directors include Mr Michael Haxby (Apr 2021) and Mr Paolo Dal Pino (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Haxby | United Kingdom | 52 years | Apr 2021 | - | Director |
| Mr Paolo Dal Pino | England | 62 years | Sep 2021 | - | Director |
| Mr Alexander Paiusco | United Kingdom | 52 years | Sep 2021 | - | Director |
| Mr Julian Addison | United Kingdom | 51 years | Sep 2021 | - | Director |
| Mr Giancarlo Aliberti | England | 63 years | Oct 2021 | - | Director |
| Mr Giancarlo Aliberti | England | 63 years | Oct 2021 | - | Director |
| Mr Timothy Hassett | England | 60 years | Oct 2021 | - | Director |
P&L
December 2022turnover
80.9k
+203%
operating profit
13m
-286%
gross margin
21.1%
+4.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
152.7m
+0.4%
total assets
426.6m
+0.05%
cash
636.4k
-0.74%
net assets
Total assets minus all liabilities
Similar Companies
telit iot ltd company details
company number
13353444
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
April 2021
age
4
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
trieste acquisitions holding limited (December 2021)
titan communications holdings limited (May 2021)
accountant
-
auditor
-
address
cannon place 78 cannon street, london, EC4N 6AF
Bank
-
Legal Advisor
-
telit iot 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 found 2 charges/mortgages relating to telit iot ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
telit iot 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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telit iot ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
