tulloch homes ltd.
tulloch homes ltd. Company Information
Company Number
SC032176
Next Accounts
Feb 2026
Shareholders
tulloch homes group limited
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
alexander fleming house, 8 southfield drive, elgin, morayshire, IV30 6GR
Website
www.tulloch-homes.comtulloch homes ltd. Estimated Valuation
Pomanda estimates the enterprise value of TULLOCH HOMES LTD. at £38.4m based on a Turnover of £44.5m and 0.86x industry multiple (adjusted for size and gross margin).
tulloch homes ltd. Estimated Valuation
Pomanda estimates the enterprise value of TULLOCH HOMES LTD. at £33.9m based on an EBITDA of £4.6m and a 7.34x industry multiple (adjusted for size and gross margin).
tulloch homes ltd. Estimated Valuation
Pomanda estimates the enterprise value of TULLOCH HOMES LTD. at £109.8m based on Net Assets of £79.2m and 1.39x industry multiple (adjusted for liquidity).
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Tulloch Homes Ltd. Overview
Tulloch Homes Ltd. is a live company located in elgin, IV30 6GR with a Companies House number of SC032176. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in April 1957, it's largest shareholder is tulloch homes group limited with a 100% stake. Tulloch Homes Ltd. is a mature, large sized company, Pomanda has estimated its turnover at £44.5m with healthy growth in recent years.
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Tulloch Homes Ltd. Health Check
Pomanda's financial health check has awarded Tulloch Homes Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £44.5m, make it larger than the average company (£377.3k)
£44.5m - Tulloch Homes Ltd.
£377.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (10.2%)
12% - Tulloch Homes Ltd.
10.2% - Industry AVG
Production
with a gross margin of 21.5%, this company has a comparable cost of product (20.7%)
21.5% - Tulloch Homes Ltd.
20.7% - Industry AVG
Profitability
an operating margin of 10% make it more profitable than the average company (4.7%)
10% - Tulloch Homes Ltd.
4.7% - Industry AVG
Employees
with 146 employees, this is above the industry average (3)
146 - Tulloch Homes Ltd.
3 - Industry AVG
Pay Structure
on an average salary of £51.4k, the company has a higher pay structure (£41.1k)
£51.4k - Tulloch Homes Ltd.
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £304.6k, this is more efficient (£175.5k)
£304.6k - Tulloch Homes Ltd.
£175.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (24 days)
17 days - Tulloch Homes Ltd.
24 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (31 days)
50 days - Tulloch Homes Ltd.
31 days - Industry AVG
Stock Days
it holds stock equivalent to 429 days, this is more than average (277 days)
429 days - Tulloch Homes Ltd.
277 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Tulloch Homes Ltd.
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.9%, this is a lower level of debt than the average (69.8%)
9.9% - Tulloch Homes Ltd.
69.8% - Industry AVG
TULLOCH HOMES LTD. financials
Tulloch Homes Ltd.'s latest turnover from May 2024 is £44.5 million and the company has net assets of £79.2 million. According to their latest financial statements, Tulloch Homes Ltd. has 146 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 44,476,198 | 49,144,297 | 26,483,257 | 31,608,000 | 29,890,000 | 50,468,000 | 45,573,000 | 33,726,000 | 39,416,000 | 38,049,000 | 30,964,271 | 32,433,711 | 45,071,897 | 17,471,770 | 27,668,342 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 34,922,721 | 36,381,560 | 19,867,193 | 25,535,000 | 25,352,000 | 42,908,000 | 36,940,000 | 29,556,000 | 30,060,000 | 29,763,000 | 28,887,073 | 24,509,862 | 39,444,974 | 14,450,838 | 25,484,141 |
| Gross Profit | 9,553,477 | 12,762,737 | 6,616,064 | 6,073,000 | 4,538,000 | 7,560,000 | 8,633,000 | 4,170,000 | 9,356,000 | 8,286,000 | 2,077,198 | 7,923,849 | 5,626,923 | 3,020,932 | 2,184,201 |
| Admin Expenses | 5,125,974 | 5,124,739 | 6,392,040 | 3,618,000 | 4,014,000 | 3,790,000 | 3,082,000 | 771,000 | 3,442,000 | 2,364,000 | 1,597,642 | 848,246 | 23,351,141 | 478,729 | 1,312,352 |
| Operating Profit | 4,427,503 | 7,637,998 | 224,024 | 2,455,000 | 524,000 | 3,770,000 | 5,551,000 | 3,399,000 | 5,914,000 | 5,922,000 | 479,556 | 7,075,603 | -17,724,218 | 2,542,203 | 871,849 |
| Interest Payable | 35,791 | 19,221 | 99,430 | 290,000 | 180,000 | 174,000 | 224,000 | 152,000 | 3,073,958 | 3,371,757 | |||||
| Interest Receivable | 108,979 | 111,000 | 144,568 | 6,040 | |||||||||||
| Pre-Tax Profit | 4,391,712 | 7,727,756 | -428,087 | 2,320,000 | 344,000 | 3,596,000 | 5,327,000 | 3,247,000 | 5,914,000 | 5,922,000 | 479,556 | 7,075,603 | -17,724,218 | -387,187 | -2,493,868 |
| Tax | -1,641,829 | -1,441,249 | -173,610 | -264,000 | -334,000 | -439,000 | 6,373 | 57,467 | |||||||
| Profit After Tax | 2,749,883 | 6,286,507 | -601,697 | 2,056,000 | 344,000 | 3,262,000 | 4,888,000 | 3,247,000 | 5,914,000 | 5,922,000 | 479,556 | 7,075,603 | -17,724,218 | -380,814 | -2,436,401 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 2,749,883 | 6,286,507 | -601,697 | 2,056,000 | 344,000 | 3,262,000 | 4,888,000 | 3,247,000 | 5,914,000 | 5,922,000 | 479,556 | 7,075,603 | -17,724,218 | -380,814 | -2,436,401 |
| Employee Costs | 7,506,328 | 8,175,506 | 8,267,612 | 6,603,000 | 7,154,000 | 7,035,000 | 7,081,000 | 5,318,000 | 5,602,000 | 5,234,000 | 4,271,177 | 3,660,067 | 6,532,764 | 4,876,753 | 3,459,893 |
| Number Of Employees | 146 | 162 | 143 | 136 | 141 | 143 | 141 | 135 | 137 | 140 | 113 | 110 | 120 | 136 | 93 |
| EBITDA* | 4,609,702 | 7,836,237 | 366,405 | 2,455,000 | 644,000 | 3,853,000 | 5,575,000 | 3,403,000 | 5,914,000 | 5,922,000 | 479,556 | 7,089,946 | -17,680,894 | 2,598,643 | 952,619 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 58,200 | 85,890 | 767,552 | 1,299,000 | 72,000 | 111,000 | 45,000 | 37,000 | 14,343 | 56,667 | 59,020 | ||||
| Intangible Assets | 44,070 | 175,485 | 110,000 | 127,000 | 92,000 | ||||||||||
| Investments & Other | 2 | 2 | 2 | ||||||||||||
| Debtors (Due After 1 year) | 424,976 | 873,000 | 1,420,000 | 2,160,000 | 2,853,000 | 3,335,000 | 2,920,000 | 3,749,000 | 4,397,006 | 4,052,471 | 3,329,231 | 1,912,289 | |||
| Total Fixed Assets | 102,270 | 261,375 | 767,552 | 1,299,000 | 1,602,000 | 2,398,000 | 2,990,000 | 3,372,000 | 2,920,000 | 3,749,000 | 4,397,006 | 4,052,471 | 3,343,574 | 1,968,956 | 59,020 |
| Stock & work in progress | 41,069,974 | 46,980,428 | 46,578,825 | 39,934,000 | 41,105,000 | 48,078,000 | 59,522,000 | 44,325,000 | 53,685,000 | 52,838,000 | 54,002,558 | 51,075,689 | 54,424,956 | 78,133,848 | 73,909,439 |
| Trade Debtors | 2,174,327 | 13,647 | 12,373 | 80,000 | 350,000 | 257,000 | 430,000 | 238,000 | 236,000 | 127,000 | 156,896 | 184,000 | 126,294 | 248,068 | 120,761 |
| Group Debtors | 42,568,313 | 39,285,538 | 32,650,470 | 14,500,000 | 11,105,000 | 4,961,000 | 4,488,000 | 7,153,000 | 2,982,000 | 26,674,000 | 201,809 | 8,596,187 | 81,447 | 14,154,971 | |
| Misc Debtors | 866,979 | 456,374 | 589,434 | 235,000 | 746,000 | 634,000 | 3,586,000 | 198,000 | 895,000 | 434,000 | 264,610 | 1,903,392 | 365,879 | 321,423 | 2,565,924 |
| Cash | 1,094,841 | 1,655,227 | 2,834,872 | 27,664,000 | 30,719,000 | 19,893,000 | 11,367,000 | 3,112,000 | 6,844,000 | 4,725,000 | 5,049,025 | 2,071,002 | 722,463 | 1,404,852 | |
| misc current assets | |||||||||||||||
| total current assets | 87,774,434 | 88,391,214 | 82,665,974 | 83,231,000 | 84,025,000 | 73,823,000 | 79,393,000 | 55,026,000 | 64,642,000 | 84,798,000 | 59,674,898 | 63,830,270 | 55,639,592 | 78,784,786 | 92,155,947 |
| total assets | 87,876,704 | 88,652,589 | 83,433,526 | 84,530,000 | 85,627,000 | 76,221,000 | 82,383,000 | 58,398,000 | 67,562,000 | 88,547,000 | 64,071,904 | 67,882,741 | 58,983,166 | 80,753,742 | 92,214,967 |
| Bank overdraft | 10,936,202 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 4,808,499 | 8,343,421 | 6,814,317 | 4,063,000 | 1,684,000 | 4,091,000 | 4,819,000 | 2,072,000 | 4,011,000 | 2,556,000 | 2,651,459 | 1,640,399 | 1,537,541 | 1,820,343 | 1,224,402 |
| Group/Directors Accounts | 8,210,000 | 2,116,000 | 12,791,000 | 44,196,000 | 49,959,275 | 56,353,525 | 54,045,333 | 65,344,720 | 88,144,847 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 38,377 | 135,157 | 120,148 | 91,000 | |||||||||||
| other current liabilities | 3,311,060 | 2,825,022 | 5,183,218 | 8,444,000 | 15,231,000 | 3,762,000 | 4,248,000 | 4,015,000 | 3,812,000 | 761,000 | 2,507,105 | 1,414,308 | 2,001,386 | 1,596,353 | 1,408,780 |
| total current liabilities | 8,157,936 | 11,303,600 | 12,117,683 | 12,598,000 | 16,915,000 | 7,853,000 | 17,277,000 | 8,203,000 | 20,614,000 | 47,513,000 | 55,117,839 | 59,408,232 | 57,584,260 | 79,697,618 | 90,778,029 |
| loans | 10,134 | 86,898 | 290,236 | 530,000 | |||||||||||
| hp & lease commitments | 5,067 | 43,449 | 145,118 | 265,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,020,400 | 1,703,844 | 2,007,228 | 1,796,000 | |||||||||||
| total long term liabilities | 515,267 | 895,371 | 1,148,732 | 1,163,000 | |||||||||||
| total liabilities | 8,673,203 | 12,198,971 | 13,266,415 | 13,761,000 | 16,915,000 | 7,853,000 | 17,277,000 | 8,203,000 | 20,614,000 | 47,513,000 | 55,117,839 | 59,408,232 | 57,584,260 | 79,697,618 | 90,778,029 |
| net assets | 79,203,501 | 76,453,618 | 70,167,111 | 70,769,000 | 68,712,000 | 68,368,000 | 65,106,000 | 50,195,000 | 46,948,000 | 41,034,000 | 8,954,065 | 8,474,509 | 1,398,906 | 1,056,124 | 1,436,938 |
| total shareholders funds | 79,203,501 | 76,453,618 | 70,167,111 | 70,769,000 | 68,712,000 | 68,368,000 | 65,106,000 | 50,195,000 | 46,948,000 | 41,034,000 | 8,954,065 | 8,474,509 | 1,398,906 | 1,056,124 | 1,436,938 |
| May 2024 | May 2023 | May 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 4,427,503 | 7,637,998 | 224,024 | 2,455,000 | 524,000 | 3,770,000 | 5,551,000 | 3,399,000 | 5,914,000 | 5,922,000 | 479,556 | 7,075,603 | -17,724,218 | 2,542,203 | 871,849 |
| Depreciation | 50,784 | 50,322 | 142,381 | 44,000 | 32,000 | 18,000 | 4,000 | 14,343 | 43,324 | 56,440 | 80,770 | ||||
| Amortisation | 131,415 | 147,917 | 76,000 | 51,000 | 6,000 | ||||||||||
| Tax | -1,641,829 | -1,441,249 | -173,610 | -264,000 | -334,000 | -439,000 | 6,373 | 57,467 | |||||||
| Stock | -5,910,454 | 401,603 | 6,644,825 | -1,171,000 | -6,973,000 | -11,444,000 | 15,197,000 | -9,360,000 | 847,000 | -1,164,558 | 2,926,869 | -3,349,267 | 54,424,956 | 4,224,409 | 73,909,439 |
| Debtors | 5,854,060 | 6,078,306 | 17,989,253 | 2,067,000 | 5,609,000 | -3,345,000 | 433,000 | 3,891,000 | -23,951,000 | 25,963,679 | -9,715,729 | 10,914,646 | 3,821,404 | -14,278,429 | 16,841,656 |
| Creditors | -3,534,922 | 1,529,104 | 2,751,317 | 2,379,000 | -2,407,000 | -728,000 | 2,747,000 | -1,939,000 | 1,455,000 | -95,459 | 1,011,060 | 102,858 | 1,537,541 | 595,941 | 1,224,402 |
| Accruals and Deferred Income | 486,038 | -2,358,196 | -3,260,782 | -6,787,000 | 11,469,000 | -486,000 | 233,000 | 203,000 | 3,051,000 | -1,746,105 | 1,092,797 | -587,078 | 2,001,386 | 187,573 | 1,408,780 |
| Deferred Taxes & Provisions | -683,444 | -303,384 | 211,228 | 1,796,000 | |||||||||||
| Cash flow from operations | -708,061 | -1,217,397 | -24,739,520 | -1,317,000 | 11,070,000 | 17,094,000 | -7,514,000 | 7,136,000 | 33,524,000 | -20,718,685 | 9,372,273 | -959,653 | -72,388,327 | 13,442,550 | -87,107,827 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 2 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -8,210,000 | 6,094,000 | -10,675,000 | -31,405,000 | -5,763,275 | -6,394,250 | 2,308,192 | 54,045,333 | -22,800,127 | 88,144,847 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -76,764 | -203,338 | -239,764 | 530,000 | |||||||||||
| Hire Purchase and Lease Commitments | -135,162 | -86,660 | -90,734 | 356,000 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -35,791 | 89,758 | 11,570 | -290,000 | -180,000 | -174,000 | -224,000 | -152,000 | -2,929,390 | -3,365,717 | |||||
| cash flow from financing | -247,717 | -200,240 | -319,120 | 597,000 | -180,000 | -8,384,000 | 15,893,000 | -10,827,000 | -31,405,000 | 20,394,660 | -6,394,250 | 2,308,192 | 73,168,457 | -25,729,517 | 88,652,469 |
| cash and cash equivalents | |||||||||||||||
| cash | -560,386 | -1,179,645 | -24,829,128 | -3,055,000 | 10,826,000 | 8,526,000 | 8,255,000 | -3,732,000 | 2,119,000 | -324,025 | 2,978,023 | 1,348,539 | 722,463 | -1,404,852 | 1,404,852 |
| overdraft | 10,936,202 | ||||||||||||||
| change in cash | -560,386 | -1,179,645 | -24,829,128 | -3,055,000 | 10,826,000 | 8,526,000 | 8,255,000 | -3,732,000 | 2,119,000 | -324,025 | 2,978,023 | 1,348,539 | 722,463 | -12,341,054 | 1,404,852 |
tulloch homes ltd. Credit Report and Business Information
Tulloch Homes Ltd. Competitor Analysis
Perform a competitor analysis for tulloch homes ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in IV30 area or any other competitors across 12 key performance metrics.
tulloch homes ltd. Ownership
TULLOCH HOMES LTD. group structure
Tulloch Homes Ltd. has 1 subsidiary company.
Ultimate parent company
2 parents
TULLOCH HOMES LTD.
SC032176
1 subsidiary
tulloch homes ltd. directors
Tulloch Homes Ltd. currently has 5 directors. The longest serving directors include Mr Alexander Adam (Dec 2021) and Mr Alexander Adam (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Adam | Scotland | 68 years | Dec 2021 | - | Director |
| Mr Alexander Adam | Scotland | 68 years | Dec 2021 | - | Director |
| Mr Innes Smith | Scotland | 54 years | Dec 2021 | - | Director |
| Mr Iain Logan | Scotland | 51 years | Aug 2023 | - | Director |
| Mr Kieran Graham | Scotland | 35 years | May 2024 | - | Director |
P&L
May 2024turnover
44.5m
-9%
operating profit
4.4m
-42%
gross margin
21.5%
-17.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
79.2m
+0.04%
total assets
87.9m
-0.01%
cash
1.1m
-0.34%
net assets
Total assets minus all liabilities
tulloch homes ltd. company details
company number
SC032176
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
April 1957
age
68
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2024
previous names
a tulloch & sons (developments) limited (May 1989)
a tulloch & sons limited (November 1986)
accountant
-
auditor
BDO LLP
address
alexander fleming house, 8 southfield drive, elgin, morayshire, IV30 6GR
Bank
BANK OF SCOTLAND PLC
Legal Advisor
-
tulloch homes 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 123 charges/mortgages relating to tulloch homes ltd.. Currently there are 30 open charges and 93 have been satisfied in the past.
tulloch homes 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.
Click to start generating capital raising & share issue transactions for TULLOCH HOMES LTD.. This can take several minutes, an email will notify you when this has completed.
tulloch homes ltd. Companies House Filings - See Documents
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