touch bionics limited
touch bionics limited Company Information
Company Number
SC232512
Website
www.touchbionics.comRegistered Address
integration house, alba business park, livingston, west lothian, EH54 7EG
Industry
Manufacture of medical and dental instruments and supplies
Telephone
01506438556
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ossur uk holding limited 100%
touch bionics limited Estimated Valuation
Pomanda estimates the enterprise value of TOUCH BIONICS LIMITED at £26.1m based on a Turnover of £15.8m and 1.65x industry multiple (adjusted for size and gross margin).
touch bionics limited Estimated Valuation
Pomanda estimates the enterprise value of TOUCH BIONICS LIMITED at £61.6m based on an EBITDA of £6m and a 10.24x industry multiple (adjusted for size and gross margin).
touch bionics limited Estimated Valuation
Pomanda estimates the enterprise value of TOUCH BIONICS LIMITED at £16.9m based on Net Assets of £32.5m and 0.52x industry multiple (adjusted for liquidity).
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Touch Bionics Limited Overview
Touch Bionics Limited is a live company located in livingston, EH54 7EG with a Companies House number of SC232512. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in June 2002, it's largest shareholder is ossur uk holding limited with a 100% stake. Touch Bionics Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.8m with declining growth in recent years.
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Touch Bionics Limited Health Check
Pomanda's financial health check has awarded Touch Bionics Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £15.8m, make it in line with the average company (£14.6m)
£15.8m - Touch Bionics Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.7%)
-2% - Touch Bionics Limited
4.7% - Industry AVG
Production
with a gross margin of 62.9%, this company has a lower cost of product (38.3%)
62.9% - Touch Bionics Limited
38.3% - Industry AVG
Profitability
an operating margin of 35.7% make it more profitable than the average company (5.8%)
35.7% - Touch Bionics Limited
5.8% - Industry AVG
Employees
with 50 employees, this is below the industry average (72)
50 - Touch Bionics Limited
72 - Industry AVG
Pay Structure
on an average salary of £59.3k, the company has a higher pay structure (£45.2k)
£59.3k - Touch Bionics Limited
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £316.6k, this is more efficient (£174.8k)
£316.6k - Touch Bionics Limited
£174.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (49 days)
0 days - Touch Bionics Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (37 days)
23 days - Touch Bionics Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 120 days, this is more than average (92 days)
120 days - Touch Bionics Limited
92 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Touch Bionics Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.2%, this is a lower level of debt than the average (43.7%)
7.2% - Touch Bionics Limited
43.7% - Industry AVG
TOUCH BIONICS LIMITED financials
Touch Bionics Limited's latest turnover from December 2022 is £15.8 million and the company has net assets of £32.5 million. According to their latest financial statements, Touch Bionics Limited has 50 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,829,722 | 13,194,762 | 10,759,201 | 16,726,534 | 14,924,148 | 9,149,242 | 8,365,193 | 15,043,955 | 13,527,744 | 12,307,874 | 10,018,774 | 8,567,990 | 7,261,754 | 7,035,990 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,881,518 | 6,459,116 | 7,001,036 | 8,966,548 | 9,533,818 | 5,569,293 | 3,678,118 | 3,721,481 | 3,397,570 | 3,317,564 | 2,612,368 | 3,559,960 | 1,810,105 | 1,844,462 |
| Gross Profit | 9,948,204 | 6,735,646 | 3,758,165 | 7,759,986 | 5,390,330 | 3,579,949 | 4,687,075 | 11,322,474 | 10,130,174 | 8,990,310 | 7,406,406 | 5,008,030 | 5,451,649 | 5,191,528 |
| Admin Expenses | 4,303,352 | 3,203,035 | 2,774,432 | 2,369,078 | 2,248,779 | 3,252,027 | 3,266,242 | 11,189,854 | 10,886,779 | 8,884,369 | 8,298,665 | 7,456,932 | 7,221,762 | 5,517,539 |
| Operating Profit | 5,644,852 | 3,532,611 | 983,733 | 5,390,908 | 3,141,551 | 327,922 | 1,420,833 | 132,620 | -756,605 | 105,941 | -892,259 | -2,448,902 | -1,770,113 | -326,011 |
| Interest Payable | 483 | 238,222 | 169,987 | 96,487 | 84,179 | 204,119 | 0 | 148,207 | 117,237 | 114,050 | 77,370 | 121,592 | 154,028 | 58,782 |
| Interest Receivable | 102,150 | 0 | 0 | 0 | 0 | 0 | 343,718 | 0 | 0 | 1,434 | 144 | 72 | 2 | 1,957 |
| Pre-Tax Profit | 5,746,519 | 3,294,389 | 813,746 | 5,487,395 | 3,225,730 | 1,709,497 | 8,714,137 | -15,587 | -873,842 | -6,675 | -969,485 | -2,570,422 | -1,924,139 | -382,836 |
| Tax | -994,099 | -581,468 | -158,404 | -1,189,769 | -550,553 | 108,582 | 102,728 | 44,928 | 102,948 | 48,216 | 144,072 | 135,533 | -76,031 | 492,994 |
| Profit After Tax | 4,752,420 | 2,712,921 | 655,342 | 4,297,626 | 2,675,177 | 1,818,079 | 8,816,865 | 29,341 | -770,894 | 41,541 | -825,413 | -2,434,889 | -2,000,170 | 110,158 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,752,420 | 2,712,921 | 655,342 | 4,297,626 | 2,675,177 | 1,818,079 | 8,816,865 | 29,341 | -770,894 | 41,541 | -825,413 | -2,434,889 | -2,000,170 | 110,158 |
| Employee Costs | 2,964,922 | 2,543,623 | 2,150,381 | 2,444,171 | 2,078,738 | 2,310,399 | 2,562,420 | 6,779,216 | 6,703,951 | 5,901,901 | 5,135,238 | 3,661,913 | 3,589,118 | 2,871,932 |
| Number Of Employees | 50 | 46 | 45 | 48 | 45 | 42 | 43 | 122 | 115 | 102 | 92 | 79 | 65 | 68 |
| EBITDA* | 6,013,925 | 3,855,400 | 1,401,770 | 5,825,090 | 3,675,393 | 1,290,352 | 1,420,833 | 914,398 | -123,866 | 604,270 | -623,998 | -945,901 | -1,400,106 | -100,049 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,719,633 | 1,811,309 | 1,969,269 | 422,581 | 353,067 | 314,586 | 286,577 | 1,083,603 | 877,681 | 810,255 | 613,568 | 578,275 | 667,444 | 654,262 |
| Intangible Assets | 268,130 | 349,123 | 382,486 | 549,167 | 881,707 | 1,221,110 | 2,000,348 | 1,799,382 | 1,410,537 | 1,068,183 | 388,517 | 276,594 | 1,445,542 | 1,442,072 |
| Investments & Other | 408,346 | 158,565 | 66,099 | 397,031 | 114,115 | 516,138 | 426,837 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,396,109 | 2,318,997 | 2,417,854 | 1,368,779 | 1,348,889 | 2,051,834 | 2,713,762 | 2,882,985 | 2,288,218 | 1,878,438 | 1,002,085 | 854,869 | 2,112,986 | 2,096,334 |
| Stock & work in progress | 1,941,097 | 1,644,136 | 1,506,991 | 1,702,552 | 1,621,293 | 1,653,765 | 1,271,396 | 1,232,030 | 872,292 | 668,680 | 810,142 | 469,080 | 559,763 | 616,847 |
| Trade Debtors | 6,699 | 36,922 | 50,145 | 84,069 | 141,735 | 60,544 | 352,586 | 4,446,371 | 3,349,938 | 2,466,275 | 1,467,840 | 1,657,071 | 1,772,074 | 1,253,285 |
| Group Debtors | 30,368,042 | 25,115,687 | 22,790,808 | 25,247,514 | 21,253,371 | 21,510,214 | 12,606,276 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 259,903 | 702,565 | 1,096,086 | 919,712 | 581,683 | 482,896 | 309,851 | 663,397 | 293,670 | 307,619 | 426,536 | 224,638 | 241,156 | 1,174,344 |
| Cash | 0 | 1,264,541 | 1,228,427 | 624,728 | 610,886 | 751,370 | 402,220 | 508,127 | 537,724 | 461,721 | 228,670 | 379,796 | 178,739 | 714,352 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 166,862 | 166,862 | 124,147 | 105,000 | 425,000 | 425,000 | 435,000 | 0 |
| total current assets | 32,575,741 | 28,763,851 | 26,672,457 | 28,578,575 | 24,208,968 | 24,458,789 | 15,109,191 | 7,016,787 | 5,177,771 | 4,009,295 | 3,358,188 | 3,155,585 | 3,186,732 | 3,758,828 |
| total assets | 34,971,850 | 31,082,848 | 29,090,311 | 29,947,354 | 25,557,857 | 26,510,623 | 17,822,953 | 9,899,772 | 7,465,989 | 5,887,733 | 4,360,273 | 4,010,454 | 5,299,718 | 5,855,162 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 616,688 | 514,206 | 538,630 | 503,860 | 378,758 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,360,945 | 283,337 | 566,668 | 375,000 | 375,000 | 404,033 | 33,333 |
| Trade Creditors | 371,937 | 339,053 | 3,724,466 | 3,148,496 | 4,820,275 | 8,688,494 | 889,181 | 1,004,444 | 925,954 | 520,425 | 471,580 | 280,711 | 538,834 | 926,354 |
| Group/Directors Accounts | 87,420 | 2,005,590 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 6,250 | 0 | 8,044 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 670,313 | 375,000 | 750,000 | 0 | 0 | 0 | 800,000 |
| hp & lease commitments | 0 | 0 | 0 | 117,880 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,702 | 21,549 |
| other current liabilities | 1,325,380 | 416,348 | 125,144 | 1,393,083 | 280,603 | 0 | 1,036,841 | 1,664,650 | 1,468,099 | 1,070,044 | 684,624 | 865,203 | 764,074 | 707,589 |
| total current liabilities | 1,784,737 | 2,760,991 | 3,849,610 | 4,659,459 | 5,100,878 | 8,688,494 | 1,926,022 | 5,317,040 | 3,566,596 | 3,945,767 | 2,041,314 | 1,899,672 | 1,723,687 | 2,488,825 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 750,000 | 1,125,000 | 1,516,491 | 49,261 |
| hp & lease commitments | 0 | 0 | 0 | 155,458 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 404,676 | 404,676 | 404,676 | 306,861 | 1,289,273 | 627,162 | 280,387 | 194,994 | 207,149 | 0 | 404,084 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 725,866 | 613,030 | 244,795 | 400,000 | 10,065 | 50,391 | 41,087 | 185,902 | 153,510 | 126,908 | 147,100 | 89,199 | 150,000 | 171,996 |
| total long term liabilities | 725,866 | 613,030 | 244,795 | 960,134 | 414,741 | 455,067 | 347,948 | 1,382,224 | 703,917 | 343,841 | 1,092,094 | 1,421,348 | 1,666,491 | 625,341 |
| total liabilities | 2,510,603 | 3,374,021 | 4,094,405 | 5,619,593 | 5,515,619 | 9,143,561 | 2,273,970 | 6,699,264 | 4,270,513 | 4,289,608 | 3,133,408 | 3,321,020 | 3,390,178 | 3,114,166 |
| net assets | 32,461,247 | 27,708,827 | 24,995,906 | 24,327,761 | 20,042,238 | 17,367,062 | 15,548,983 | 3,200,508 | 3,195,476 | 1,598,125 | 1,226,865 | 689,434 | 1,909,540 | 2,740,996 |
| total shareholders funds | 32,461,247 | 27,708,827 | 24,995,906 | 24,327,761 | 20,042,238 | 17,367,062 | 15,548,983 | 3,200,508 | 3,195,476 | 1,598,125 | 1,226,865 | 689,434 | 1,909,540 | 2,740,996 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,644,852 | 3,532,611 | 983,733 | 5,390,908 | 3,141,551 | 327,922 | 1,420,833 | 132,620 | -756,605 | 105,941 | -892,259 | -2,448,902 | -1,770,113 | -326,011 |
| Depreciation | 288,080 | 276,086 | 251,356 | 101,643 | 194,439 | 186,423 | 459,887 | 372,775 | 312,137 | 245,831 | 239,767 | 288,711 | 154,179 | |
| Amortisation | 80,993 | 46,703 | 166,681 | 332,539 | 339,403 | 776,007 | 321,891 | 259,964 | 186,192 | 22,430 | 1,263,234 | 81,296 | 71,783 | |
| Tax | -994,099 | -581,468 | -158,404 | -1,189,769 | -550,553 | 108,582 | 102,728 | 44,928 | 102,948 | 48,216 | 144,072 | 135,533 | -76,031 | 492,994 |
| Stock | 296,961 | 137,145 | -195,561 | 81,259 | -32,472 | 382,369 | 39,366 | 359,738 | 203,612 | -141,462 | 341,062 | -90,683 | -57,084 | 616,847 |
| Debtors | 4,779,470 | 1,918,135 | -2,314,256 | 4,274,506 | -76,865 | 8,784,941 | 8,158,945 | 1,466,160 | 869,714 | 879,518 | 12,667 | -131,521 | -414,399 | 2,427,629 |
| Creditors | 32,884 | -3,385,413 | 575,970 | -1,671,779 | -3,868,219 | 7,799,313 | -115,263 | 78,490 | 405,529 | 48,845 | 190,869 | -258,123 | -387,520 | 926,354 |
| Accruals and Deferred Income | 909,032 | 291,204 | -1,672,615 | 1,112,480 | 280,603 | -939,026 | -1,610,221 | 858,662 | 744,830 | 470,813 | -192,734 | 308,278 | -347,599 | 1,111,673 |
| Deferred Taxes & Provisions | 112,836 | 368,235 | -155,205 | 389,935 | -40,326 | 9,304 | -144,815 | 32,392 | 26,602 | -20,192 | 57,901 | -60,801 | -21,996 | 171,996 |
| Cash flow from operations | 998,147 | -1,507,322 | 2,501,333 | 110,192 | -393,765 | -898,785 | 102,972 | 82,717 | 413,896 | -777,619 | -598,810 | -1,761,769 | -441,508 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -322,345 | -234,302 | -214,434 | -864,262 | -423,704 | -313,371 | -349,282 | -506,772 | ||||||
| Change in Investments | 249,781 | 92,466 | -330,932 | 282,916 | -402,023 | 89,301 | 426,837 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -605,261 | 167,721 | -303,735 | -1,291,099 | -423,704 | -313,371 | -349,282 | -506,772 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -1,360,945 | 1,077,608 | -283,331 | 191,668 | 0 | -29,033 | 370,700 | 33,333 |
| Group/Directors Accounts | -1,918,170 | 2,005,590 | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | 493,750 | 6,250 | -8,044 | 8,044 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -670,313 | 295,313 | -375,000 | 750,000 | 0 | 0 | -800,000 | 800,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -750,000 | -375,000 | -391,491 | 1,467,230 | 49,261 |
| Hire Purchase and Lease Commitments | 0 | 0 | -273,338 | 273,338 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,702 | -12,847 | 21,549 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 101,667 | -238,222 | -169,987 | -96,487 | -84,179 | -204,119 | 343,718 | -148,207 | -117,237 | -112,616 | -77,226 | -121,520 | -154,026 | -56,825 |
| cash flow from financing | -1,816,503 | 1,767,368 | -430,522 | 164,748 | -84,180 | -204,119 | 1,844,070 | 1,200,405 | 1,092,677 | 902,521 | 916,868 | 655,993 | 2,047,815 | 3,478,156 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,264,541 | 36,114 | 603,699 | 13,842 | -140,484 | 349,150 | -105,907 | -29,597 | 76,003 | 233,051 | -151,126 | 201,057 | -535,613 | 714,352 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -616,688 | 102,482 | -24,424 | 34,770 | 125,102 | 378,758 | 0 | 0 |
| change in cash | -1,264,541 | 36,114 | 603,699 | 13,842 | -140,484 | 349,150 | 510,781 | -132,079 | 100,427 | 198,281 | -276,228 | -177,701 | -535,613 | 714,352 |
touch bionics limited Credit Report and Business Information
Touch Bionics Limited Competitor Analysis
Perform a competitor analysis for touch bionics limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EH54 area or any other competitors across 12 key performance metrics.
touch bionics limited Ownership
TOUCH BIONICS LIMITED group structure
Touch Bionics Limited has no subsidiary companies.
Ultimate parent company
WILLIAM DEMANT INVEST AS
#0122478
2 parents
TOUCH BIONICS LIMITED
SC232512
touch bionics limited directors
Touch Bionics Limited currently has 2 directors. The longest serving directors include Mr Sveinn Solvason (Apr 2016) and Mr Tomas Eiriksson (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sveinn Solvason | Scotland | 46 years | Apr 2016 | - | Director |
| Mr Tomas Eiriksson | 46 years | Apr 2022 | - | Director |
P&L
December 2022turnover
15.8m
+20%
operating profit
5.6m
+60%
gross margin
62.9%
+23.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
32.5m
+0.17%
total assets
35m
+0.13%
cash
0
-1%
net assets
Total assets minus all liabilities
Similar Companies
touch bionics limited company details
company number
SC232512
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
June 2002
age
22
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
touch bionics plc (April 2015)
touch bionics limited (October 2014)
last accounts submitted
December 2022
address
integration house, alba business park, livingston, west lothian, EH54 7EG
accountant
-
auditor
COOPER PARRY GROUP LIMITED
touch bionics 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 7 charges/mortgages relating to touch bionics limited. Currently there are 0 open charges and 7 have been satisfied in the past.
touch bionics limited Companies House Filings - See Documents
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