tc uk topco limited
tc uk topco limited Company Information
Company Number
13987637
Website
-Registered Address
c/o alter domus (uk) limited, 10th floor, london, EC3A 8BF
Industry
Activities of financial services holding companies
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
northleaf capital partners gp ii ltd 49.7%
ncp tc aggregator partnership 49.7%
View Alltc uk topco limited Estimated Valuation
Pomanda estimates the enterprise value of TC UK TOPCO LIMITED at £70.7m based on a Turnover of £42m and 1.69x industry multiple (adjusted for size and gross margin).
tc uk topco limited Estimated Valuation
Pomanda estimates the enterprise value of TC UK TOPCO LIMITED at £67.1m based on an EBITDA of £9.9m and a 6.78x industry multiple (adjusted for size and gross margin).
tc uk topco limited Estimated Valuation
Pomanda estimates the enterprise value of TC UK TOPCO LIMITED at £123.7m based on Net Assets of £68m and 1.82x industry multiple (adjusted for liquidity).
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Tc Uk Topco Limited Overview
Tc Uk Topco Limited is a live company located in london, EC3A 8BF with a Companies House number of 13987637. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in March 2022, it's largest shareholder is northleaf capital partners gp ii ltd with a 49.7% stake. Tc Uk Topco Limited is a startup, large sized company, Pomanda has estimated its turnover at £42m with unknown growth in recent years.
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Tc Uk Topco Limited Health Check
Pomanda's financial health check has awarded Tc Uk Topco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £42m, make it larger than the average company (£12.4m)
£42m - Tc Uk Topco Limited
£12.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Tc Uk Topco Limited
- - Industry AVG
Production
with a gross margin of 41.1%, this company has a higher cost of product (79.1%)
41.1% - Tc Uk Topco Limited
79.1% - Industry AVG
Profitability
an operating margin of -15.8% make it less profitable than the average company (10.5%)
-15.8% - Tc Uk Topco Limited
10.5% - Industry AVG
Employees
with 470 employees, this is above the industry average (66)
470 - Tc Uk Topco Limited
66 - Industry AVG
Pay Structure
on an average salary of £37.8k, the company has a lower pay structure (£85k)
£37.8k - Tc Uk Topco Limited
£85k - Industry AVG
Efficiency
resulting in sales per employee of £89.3k, this is less efficient (£225.8k)
£89.3k - Tc Uk Topco Limited
£225.8k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (48 days)
5 days - Tc Uk Topco Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (44 days)
41 days - Tc Uk Topco Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (31 days)
22 days - Tc Uk Topco Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (28 weeks)
34 weeks - Tc Uk Topco Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.5%, this is a higher level of debt than the average (54%)
59.5% - Tc Uk Topco Limited
54% - Industry AVG
TC UK TOPCO LIMITED financials
Tc Uk Topco Limited's latest turnover from December 2023 is £42 million and the company has net assets of £68 million. According to their latest financial statements, Tc Uk Topco Limited has 470 employees and maintains cash reserves of £4.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 41,961,514 | 27,256,620 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 24,729,402 | 16,517,873 |
| Gross Profit | 17,232,112 | 10,738,747 |
| Admin Expenses | 23,868,548 | 23,230,854 |
| Operating Profit | -6,636,436 | -12,492,107 |
| Interest Payable | 3,665,719 | 2,191,675 |
| Interest Receivable | 126,838 | 38,798 |
| Pre-Tax Profit | -10,175,317 | -14,644,984 |
| Tax | -2,143,832 | 1,207,579 |
| Profit After Tax | -12,319,149 | -13,437,405 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -12,319,149 | -13,437,405 |
| Employee Costs | 17,783,051 | 12,067,217 |
| Number Of Employees | 470 | 375 |
| EBITDA* | 9,896,486 | -1,528 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 48,266,248 | 34,972,647 |
| Intangible Assets | 109,832,718 | 123,045,949 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 158,098,966 | 158,018,596 |
| Stock & work in progress | 1,506,290 | 338,282 |
| Trade Debtors | 614,334 | 1,004,846 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 3,069,518 | 2,290,364 |
| Cash | 4,712,268 | 1,463,023 |
| misc current assets | 0 | 0 |
| total current assets | 9,902,410 | 5,096,515 |
| total assets | 168,001,376 | 163,115,111 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 2,793,854 | 2,720,223 |
| Group/Directors Accounts | 125,377 | 137,150 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 4,138,412 | 7,144,090 |
| total current liabilities | 7,057,643 | 10,001,463 |
| loans | 90,499,503 | 72,545,756 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 2,397,272 | 206,285 |
| total long term liabilities | 92,896,775 | 72,752,041 |
| total liabilities | 99,954,418 | 82,753,504 |
| net assets | 68,046,958 | 80,361,607 |
| total shareholders funds | 68,046,958 | 80,361,607 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -6,636,436 | -12,492,107 |
| Depreciation | 3,319,691 | 3,404,220 |
| Amortisation | 13,213,231 | 9,086,359 |
| Tax | -2,143,832 | 1,207,579 |
| Stock | 1,168,008 | 338,282 |
| Debtors | 388,642 | 3,295,210 |
| Creditors | 73,631 | 2,720,223 |
| Accruals and Deferred Income | -3,005,678 | 7,144,090 |
| Deferred Taxes & Provisions | 2,190,987 | 206,285 |
| Cash flow from operations | 5,454,944 | 7,643,157 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | -11,773 | 137,150 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 17,953,747 | 72,545,756 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -3,538,881 | -2,152,877 |
| cash flow from financing | 14,407,593 | 164,329,041 |
| cash and cash equivalents | ||
| cash | 3,249,245 | 1,463,023 |
| overdraft | 0 | 0 |
| change in cash | 3,249,245 | 1,463,023 |
tc uk topco limited Credit Report and Business Information
Tc Uk Topco Limited Competitor Analysis
Perform a competitor analysis for tc uk topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3A area or any other competitors across 12 key performance metrics.
tc uk topco limited Ownership
TC UK TOPCO LIMITED group structure
Tc Uk Topco Limited has 1 subsidiary company.
tc uk topco limited directors
Tc Uk Topco Limited currently has 8 directors. The longest serving directors include Mr Roderick Gadsby (Mar 2022) and Mr George Zakem (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roderick Gadsby | 55 years | Mar 2022 | - | Director | |
| Mr George Zakem | United Kingdom | 60 years | Mar 2022 | - | Director |
| Mr Sean Collins | United Kingdom | 56 years | Apr 2022 | - | Director |
| Mr Sean Collins | United Kingdom | 56 years | Apr 2022 | - | Director |
| Mr Liam Hather | United Kingdom | 40 years | Apr 2022 | - | Director |
| Mr Geoffrey Symonds | United Kingdom | 45 years | Apr 2022 | - | Director |
| Mr Leon Daniels | United Kingdom | 69 years | Jan 2023 | - | Director |
| Mr Daniel Savage | United Kingdom | 37 years | Jun 2023 | - | Director |
P&L
December 2023turnover
42m
+54%
operating profit
-6.6m
-47%
gross margin
41.1%
+4.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
68m
-0.15%
total assets
168m
+0.03%
cash
4.7m
+2.22%
net assets
Total assets minus all liabilities
Similar Companies
tc uk topco limited company details
company number
13987637
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
March 2022
age
2
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
c/o alter domus (uk) limited, 10th floor, london, EC3A 8BF
Bank
-
Legal Advisor
-
tc uk topco 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 tc uk topco limited.
tc uk topco limited Companies House Filings - See Documents
| date | description | view/download |
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