Pomanda estimates the enterprise value of TECHFEST at £255.6k based on a Turnover of £430.7k and 0.59x industry multiple (adjusted for size and gross margin).
techfestEstimated Valuation
£68.9k
Pomanda estimates the enterprise value of TECHFEST at £68.9k based on an EBITDA of £19.4k and a 3.55x industry multiple (adjusted for size and gross margin).
techfestEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of TECHFEST at £1.2m based on Net Assets of £526.3k and 2.21x industry multiple (adjusted for liquidity).
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TechfestOverview
Techfest is a live company located in aberdeen, AB10 1XL with a Companies House number of SC272046. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in August 2004, it's largest shareholder is
unknown.
Techfest is a mature,
micro sized company, Pomanda has estimated its turnover at
£430.7k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Techfest a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £430.7k, make it in line with the average company (£501k)
£430.7k - Techfest
£501k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.4%)
13% - Techfest
6.4% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
56.7% - Techfest
56.7% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (4.7%)
3.2% - Techfest
4.7% - Industry AVG
Employees
with 11 employees, this is similar to the industry average (12)
11 - Techfest
12 - Industry AVG
Pay Structure
on an average salary of £28.5k, the company has an equivalent pay structure (£29.6k)
£28.5k - Techfest
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £39.2k, this is less efficient (£54.3k)
£39.2k - Techfest
£54.3k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (18 days)
66 days - Techfest
18 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (24 days)
6 days - Techfest
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Techfest
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 464 weeks, this is more cash available to meet short term requirements (111 weeks)
464 weeks - Techfest
111 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.2%, this is a lower level of debt than the average (24.5%)
9.2% - Techfest
24.5% - Industry AVG
TECHFEST financials
EXPORT
Techfest's latest turnover from December 2023 is £430.7 thousand and the company has net assets of £526.3 thousand. According to their latest financial statements, Techfest has 11 employees and maintains cash reserves of £473.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
430,717
421,541
316,738
295,843
329,026
318,880
310,965
369,080
367,815
430,543
449,229
429,975
582,119
706,053
685,605
Other Income Or Grants
Cost Of Sales
186,525
186,534
147,867
145,536
162,066
166,747
161,642
190,789
191,257
233,498
236,023
217,103
297,058
359,184
Gross Profit
244,192
235,007
168,871
150,307
166,960
152,133
149,323
178,291
176,558
197,045
213,206
212,872
285,061
346,869
Admin Expenses
230,390
155,197
55,111
65,737
135,791
141,943
140,148
174,764
245,024
198,839
142,844
180,237
255,864
316,939
-9,800
Operating Profit
13,802
79,810
113,760
84,570
31,169
10,190
9,175
3,527
-68,466
-1,794
70,362
32,635
29,197
29,930
9,800
Interest Payable
Interest Receivable
Pre-Tax Profit
26,698
74,830
92,812
68,689
26,127
8,987
8,024
3,205
-67,354
-503
55,178
25,688
22,391
22,396
7,545
Tax
Profit After Tax
26,698
74,830
92,812
68,689
26,127
8,987
8,024
3,205
-67,354
-503
55,178
25,688
22,391
22,396
7,545
Dividends Paid
Retained Profit
26,698
74,830
92,812
68,689
26,127
8,987
8,024
3,205
-67,354
-503
55,178
25,688
22,391
22,396
7,545
Employee Costs
313,291
266,826
168,452
170,343
190,257
186,322
193,927
217,500
253,087
211,486
180,692
209,743
262,123
331,233
312,263
Number Of Employees
11
18
7
9
7
8
8
11
13
13
3
18
22
33
33
EBITDA*
19,415
84,452
115,851
87,955
34,554
13,575
14,239
8,591
-64,531
-1,794
70,362
32,635
29,197
29,930
9,800
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
19,339
14,395
12,893
14,670
18,055
21,440
24,825
29,888
34,952
5,034
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
19,339
14,395
12,893
14,670
18,055
21,440
24,825
29,888
34,952
5,034
Stock & work in progress
Trade Debtors
78,385
152,866
100,089
53,747
118,406
106,998
91,677
11,216
2,368
31,901
3,410
7,104
84,377
34,502
26,865
Group Debtors
Misc Debtors
8,421
30,675
6,797
23,011
15,615
6,182
14,897
29,252
18,269
37,125
22,686
14,700
13,744
34,281
23,338
Cash
473,204
357,107
361,360
297,069
164,680
125,167
116,281
176,334
207,378
237,521
278,968
240,184
225,644
198,642
271,560
misc current assets
total current assets
560,010
540,648
468,246
373,827
298,701
238,347
222,855
216,802
228,015
306,547
305,064
261,988
323,765
267,425
321,763
total assets
579,349
555,043
481,139
388,497
316,756
259,787
247,680
246,690
262,967
311,581
305,064
261,988
323,765
267,425
321,763
Bank overdraft
Bank loan
Trade Creditors
3,215
1,386
2,444
2,431
5,353
5,745
3,862
1,726
21,083
240
1,822
327
26,918
28,119
87,260
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
49,798
54,019
53,887
54,070
48,096
16,862
15,625
24,795
24,920
27,023
18,421
32,018
92,892
57,742
75,335
total current liabilities
53,013
55,405
56,331
56,501
53,449
22,607
19,487
26,521
46,003
27,263
20,243
32,345
119,810
85,861
162,595
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
53,013
55,405
56,331
56,501
53,449
22,607
19,487
26,521
46,003
27,263
20,243
32,345
119,810
85,861
162,595
net assets
526,336
499,638
424,808
331,996
263,307
237,180
228,193
220,169
216,964
284,318
284,821
229,643
203,955
181,564
159,168
total shareholders funds
526,336
499,638
424,808
331,996
263,307
237,180
228,193
220,169
216,964
284,318
284,821
229,643
203,955
181,564
159,168
Dec 2023
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
13,802
79,810
113,760
84,570
31,169
10,190
9,175
3,527
-68,466
-1,794
70,362
32,635
29,197
29,930
9,800
Depreciation
5,613
4,642
2,091
3,385
3,385
3,385
5,064
5,064
3,935
Amortisation
Tax
Stock
Debtors
-96,735
76,655
30,128
-57,263
20,841
6,606
66,106
19,831
-48,389
42,930
4,292
-76,317
29,338
18,580
50,203
Creditors
1,829
-1,058
13
-2,922
-392
1,883
2,136
-19,357
20,843
-1,582
1,495
-26,591
-1,201
-59,141
87,260
Accruals and Deferred Income
-4,221
132
-183
5,974
31,234
1,237
-9,170
-125
-2,103
8,602
-13,597
-60,874
35,150
-17,593
75,335
Deferred Taxes & Provisions
Cash flow from operations
113,758
6,871
85,553
148,270
44,555
10,089
-58,901
-30,722
2,598
-37,704
53,968
21,487
33,808
-65,384
122,192
Investing Activities
capital expenditure
-10,557
-6,144
-314
-1
-33,853
-5,034
Change in Investments
cash flow from investments
-10,557
-6,144
-314
-1
-33,853
-5,034
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
151,623
interest
cash flow from financing
151,623
cash and cash equivalents
cash
116,097
-4,253
64,291
132,389
39,513
8,886
-60,053
-31,044
-30,143
-41,447
38,784
14,540
27,002
-72,918
271,560
overdraft
change in cash
116,097
-4,253
64,291
132,389
39,513
8,886
-60,053
-31,044
-30,143
-41,447
38,784
14,540
27,002
-72,918
271,560
techfest Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for techfest. Get real-time insights into techfest's credit score, group structure and payment trends.
Perform a competitor analysis for techfest by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in AB10 area or any other competitors across 12 key performance metrics.
techfest Ownership
TECHFEST group structure
Techfest has no subsidiary companies.
Ultimate parent company
TECHFEST
SC272046
TECHFEST Shareholders
The sole shareholder of Techfest is -.
-
-
techfest directors
Techfest currently has 7 directors.
The longest serving directors include
Miss Sarah Chew (Jun 2011) and
Mrs Brenda Wyllie (Sep 2020).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
August 2004
age
21
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
techfest-setpoint (July 2019)
setpoint scotland north (June 2007)
accountant
SHONAGH L FRASER
auditor
-
address
6 & 7 queens terrace, aberdeen, AB10 1XL
Bank
BANK OF SCOTLAND
Legal Advisor
-
techfest 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 techfest.
techfest 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 TECHFEST. This can take several minutes, an email will notify you when this has completed.
