tk operations ltd
tk operations ltd Company Information
Company Number
13448360
Website
-Registered Address
alpha tower suffolk street, queensway, birmingham, B1 1TT
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
travelperk inc 100%
tk operations ltd Estimated Valuation
Pomanda estimates the enterprise value of TK OPERATIONS LTD at £496.2m based on a Turnover of £299.3m and 1.66x industry multiple (adjusted for size and gross margin).
tk operations ltd Estimated Valuation
Pomanda estimates the enterprise value of TK OPERATIONS LTD at £67.8m based on an EBITDA of £10.8m and a 6.29x industry multiple (adjusted for size and gross margin).
tk operations ltd Estimated Valuation
Pomanda estimates the enterprise value of TK OPERATIONS LTD at £32.1m based on Net Assets of £18.7m and 1.71x industry multiple (adjusted for liquidity).
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Tk Operations Ltd Overview
Tk Operations Ltd is a live company located in birmingham, B1 1TT with a Companies House number of 13448360. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2021, it's largest shareholder is travelperk inc with a 100% stake. Tk Operations Ltd is a startup, mega sized company, Pomanda has estimated its turnover at £299.3m with unknown growth in recent years.
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Tk Operations Ltd Health Check
Pomanda's financial health check has awarded Tk Operations Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £299.3m, make it larger than the average company (£18.1m)
£299.3m - Tk Operations Ltd
£18.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Tk Operations Ltd
- - Industry AVG
Production
with a gross margin of 7.1%, this company has a higher cost of product (36.1%)
7.1% - Tk Operations Ltd
36.1% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (5.1%)
0.5% - Tk Operations Ltd
5.1% - Industry AVG
Employees
with 203 employees, this is above the industry average (106)
203 - Tk Operations Ltd
106 - Industry AVG
Pay Structure
on an average salary of £49.1k, the company has an equivalent pay structure (£42k)
£49.1k - Tk Operations Ltd
£42k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£178.6k)
£1.5m - Tk Operations Ltd
£178.6k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (47 days)
36 days - Tk Operations Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (48 days)
17 days - Tk Operations Ltd
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tk Operations Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (16 weeks)
10 weeks - Tk Operations Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.5%, this is a higher level of debt than the average (69.9%)
84.5% - Tk Operations Ltd
69.9% - Industry AVG
tk operations ltd Credit Report and Business Information
Tk Operations Ltd Competitor Analysis
Perform a competitor analysis for tk operations ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tk operations ltd Ownership
TK OPERATIONS LTD group structure
Tk Operations Ltd has no subsidiary companies.
Ultimate parent company
TRAVELPERK INC
#0128089
1 parent
TK OPERATIONS LTD
13448360
tk operations ltd directors
Tk Operations Ltd currently has 4 directors. The longest serving directors include Mr Asif Livesey (Jun 2021) and Mr Edward Eden (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Asif Livesey | United Kingdom | 36 years | Jun 2021 | - | Director |
| Mr Edward Eden | 34 years | Oct 2022 | - | Director | |
| Ms Yasmine El Alj | England | 45 years | Oct 2023 | - | Director |
| Mr Robin Smith | 40 years | Jan 2024 | - | Director |
TK OPERATIONS LTD financials
Tk Operations Ltd's latest turnover from December 2022 is £299.3 million and the company has net assets of £18.7 million. According to their latest financial statements, Tk Operations Ltd has 203 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 299,331,341 | 79,828,904 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 278,000,697 | 73,739,816 |
| Gross Profit | 21,330,644 | 6,089,088 |
| Admin Expenses | 19,992,769 | 9,100,552 |
| Operating Profit | 1,337,875 | -3,011,464 |
| Interest Payable | 8,543,566 | 3,859,969 |
| Interest Receivable | 329,961 | 0 |
| Pre-Tax Profit | -6,875,730 | -6,871,433 |
| Tax | 73,524 | -120,864 |
| Profit After Tax | -6,802,206 | -6,992,297 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -6,802,206 | -6,992,297 |
| Employee Costs | 9,972,413 | 2,695,542 |
| Number Of Employees | 203 | 146 |
| EBITDA* | 10,790,514 | 1,681,356 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 68,281,413 | 77,722,933 |
| Investments & Other | 2,280 | 2,280 |
| Debtors (Due After 1 year) | 4,147,137 | 230,000 |
| Total Fixed Assets | 72,430,830 | 77,955,213 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 29,591,507 | 15,682,907 |
| Group Debtors | 13,953,845 | 10,000,000 |
| Misc Debtors | 780,797 | 873,405 |
| Cash | 4,169,875 | 2,976,791 |
| misc current assets | 0 | 0 |
| total current assets | 48,496,024 | 29,533,103 |
| total assets | 120,926,854 | 107,488,316 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 13,493,147 | 7,641,546 |
| Group/Directors Accounts | 5,575,732 | 6,750 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 2,346,642 | 985,876 |
| total current liabilities | 21,415,521 | 8,634,172 |
| loans | 72,336,633 | 63,851,563 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 8,425,235 | 9,910,048 |
| total long term liabilities | 80,761,868 | 73,761,611 |
| total liabilities | 102,177,389 | 82,395,783 |
| net assets | 18,749,465 | 25,092,533 |
| total shareholders funds | 18,749,465 | 25,092,533 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,337,875 | -3,011,464 |
| Depreciation | 0 | 0 |
| Amortisation | 9,452,639 | 4,692,820 |
| Tax | 73,524 | -120,864 |
| Stock | 0 | 0 |
| Debtors | 21,686,974 | 26,786,312 |
| Creditors | 5,851,601 | 7,641,546 |
| Accruals and Deferred Income | 1,360,766 | 985,876 |
| Deferred Taxes & Provisions | -1,484,813 | 9,910,048 |
| Cash flow from operations | -5,095,382 | -6,688,350 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 2,280 |
| cash flow from investments | 0 | -2,280 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 5,568,982 | 6,750 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 8,485,070 | 63,851,563 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -8,213,605 | -3,859,969 |
| cash flow from financing | 6,299,585 | 92,083,174 |
| cash and cash equivalents | ||
| cash | 1,193,084 | 2,976,791 |
| overdraft | 0 | 0 |
| change in cash | 1,193,084 | 2,976,791 |
P&L
December 2022turnover
299.3m
+275%
operating profit
1.3m
-144%
gross margin
7.2%
-6.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
18.7m
-0.25%
total assets
120.9m
+0.13%
cash
4.2m
+0.4%
net assets
Total assets minus all liabilities
Similar Companies
tk operations ltd company details
company number
13448360
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
June 2021
age
3
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
alpha tower suffolk street, queensway, birmingham, B1 1TT
last accounts submitted
December 2022
tk operations 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 3 charges/mortgages relating to tk operations ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
tk operations ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
