tait wealth management ltd
tait wealth management ltd Company Information
Company Number
SC445587
Registered Address
flat 0/1 30 calderwood road, glasgow, G43 2RU
Industry
Financial management
Telephone
01413412809
Next Accounts Due
December 2025
Group Structure
View All
Directors
Stephen Tait11 Years
Shareholders
stephen j. tait 75%
lynsey tait 25%
tait wealth management ltd Estimated Valuation
Pomanda estimates the enterprise value of TAIT WEALTH MANAGEMENT LTD at £214.2k based on a Turnover of £240.1k and 0.89x industry multiple (adjusted for size and gross margin).
tait wealth management ltd Estimated Valuation
Pomanda estimates the enterprise value of TAIT WEALTH MANAGEMENT LTD at £1.2m based on an EBITDA of £175.8k and a 6.79x industry multiple (adjusted for size and gross margin).
tait wealth management ltd Estimated Valuation
Pomanda estimates the enterprise value of TAIT WEALTH MANAGEMENT LTD at £205.4k based on Net Assets of £422.6k and 0.49x industry multiple (adjusted for liquidity).
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Tait Wealth Management Ltd Overview
Tait Wealth Management Ltd is a live company located in glasgow, G43 2RU with a Companies House number of SC445587. It operates in the financial management sector, SIC Code 70221. Founded in March 2013, it's largest shareholder is stephen j. tait with a 75% stake. Tait Wealth Management Ltd is a established, micro sized company, Pomanda has estimated its turnover at £240.1k with declining growth in recent years.
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Tait Wealth Management Ltd Health Check
Pomanda's financial health check has awarded Tait Wealth Management Ltd a 4.5 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
3 Strong
4 Regular
4 Weak
Size
annual sales of £240.1k, make it smaller than the average company (£602.6k)
- Tait Wealth Management Ltd
£602.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (9.4%)
- Tait Wealth Management Ltd
9.4% - Industry AVG
Production
with a gross margin of 77.3%, this company has a comparable cost of product (77.3%)
- Tait Wealth Management Ltd
77.3% - Industry AVG
Profitability
an operating margin of 69% make it more profitable than the average company (7.2%)
- Tait Wealth Management Ltd
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Tait Wealth Management Ltd
3 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
- Tait Wealth Management Ltd
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £120.1k, this is equally as efficient (£132.3k)
- Tait Wealth Management Ltd
£132.3k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is near the average (75 days)
- Tait Wealth Management Ltd
75 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (40 days)
- Tait Wealth Management Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tait Wealth Management Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 95 weeks, this is more cash available to meet short term requirements (33 weeks)
95 weeks - Tait Wealth Management Ltd
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.9%, this is a lower level of debt than the average (56.8%)
27.9% - Tait Wealth Management Ltd
56.8% - Industry AVG
TAIT WEALTH MANAGEMENT LTD financials
Tait Wealth Management Ltd's latest turnover from March 2024 is estimated at £240.1 thousand and the company has net assets of £422.6 thousand. According to their latest financial statements, Tait Wealth Management Ltd has 2 employees and maintains cash reserves of £150.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 2 | 2 | 2 | 3 | 3 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 695 | 869 | 1,086 | 4,175 | 1,698 | 2,123 | 287,195 | 0 | 0 | 0 | 0 |
| Intangible Assets | 235,709 | 310,706 | 323,652 | 222,881 | 232,168 | 256,521 | 0 | 278,343 | 411,840 | 430,560 | 449,280 |
| Investments & Other | 19,500 | 19,500 | 19,500 | 19,500 | 19,500 | 19,500 | 0 | 19,500 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 255,904 | 331,075 | 344,238 | 246,556 | 253,366 | 278,144 | 287,195 | 297,843 | 411,840 | 430,560 | 449,280 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 55,681 | 27,760 | 0 | 0 | 0 | 0 | 80,151 | 64,165 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 124,150 | 19,150 | 45,416 | 36,930 | 57,445 | 63,096 | 0 | 0 | 0 | 0 | 0 |
| Cash | 150,451 | 82,527 | 72,513 | 110,567 | 70,027 | 51,838 | 0 | 3,224 | 942 | 24,023 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 330,282 | 129,437 | 117,929 | 147,497 | 127,472 | 114,934 | 80,151 | 67,389 | 942 | 24,023 | 0 |
| total assets | 586,186 | 460,512 | 462,167 | 394,053 | 380,838 | 393,078 | 367,346 | 365,232 | 412,782 | 454,583 | 449,280 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,067 | 5,069 | 0 | 0 | 0 | 0 | 23,932 | 29,771 | 138,998 | 16,850 | 348 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 80,475 | 29,789 | 28,165 | 31,187 | 21,955 | 27,858 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 81,542 | 34,858 | 28,165 | 31,187 | 21,955 | 27,858 | 23,932 | 29,771 | 138,998 | 16,850 | 348 |
| loans | 82,035 | 123,271 | 152,737 | 68,934 | 90,202 | 116,406 | 0 | 0 | 0 | 260,222 | 227,507 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 150,339 | 178,827 | 216,854 | 168,719 | 220,033 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 82,035 | 123,271 | 152,737 | 68,934 | 90,202 | 116,406 | 150,339 | 178,827 | 216,854 | 428,941 | 447,540 |
| total liabilities | 163,577 | 158,129 | 180,902 | 100,121 | 112,157 | 144,264 | 174,271 | 208,598 | 355,852 | 445,791 | 447,888 |
| net assets | 422,609 | 302,383 | 281,265 | 293,932 | 268,681 | 248,814 | 193,075 | 156,634 | 56,930 | 8,792 | 1,392 |
| total shareholders funds | 422,609 | 302,383 | 281,265 | 293,932 | 268,681 | 248,814 | 193,075 | 156,634 | 56,930 | 8,792 | 1,392 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 174 | 217 | 272 | 340 | 425 | 0 | 0 | 0 | 18,720 | ||
| Amortisation | 9,821 | 12,946 | 13,486 | 9,287 | 9,673 | 13,254 | 18,720 | 18,720 | 0 | ||
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 132,921 | 1,494 | 8,486 | -20,515 | -5,651 | -17,055 | 15,986 | 64,165 | 0 | 0 | 0 |
| Creditors | -4,002 | 5,069 | 0 | 0 | 0 | -23,932 | -5,839 | -109,227 | 122,148 | 16,502 | 348 |
| Accruals and Deferred Income | 50,686 | 1,624 | -3,022 | 9,232 | -5,903 | 27,858 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 19,500 | -19,500 | 19,500 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -41,236 | -29,466 | 83,803 | -21,268 | -26,204 | 116,406 | 0 | 0 | -260,222 | 32,715 | 227,507 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -150,339 | -28,488 | -38,027 | 48,135 | -51,314 | 220,033 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 67,924 | 10,014 | -38,054 | 40,540 | 18,189 | 51,838 | -3,224 | 2,282 | -23,081 | 24,023 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 67,924 | 10,014 | -38,054 | 40,540 | 18,189 | 51,838 | -3,224 | 2,282 | -23,081 | 24,023 | 0 |
tait wealth management ltd Credit Report and Business Information
Tait Wealth Management Ltd Competitor Analysis
Perform a competitor analysis for tait wealth management ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in G43 area or any other competitors across 12 key performance metrics.
tait wealth management ltd Ownership
TAIT WEALTH MANAGEMENT LTD group structure
Tait Wealth Management Ltd has no subsidiary companies.
Ultimate parent company
TAIT WEALTH MANAGEMENT LTD
SC445587
tait wealth management ltd directors
Tait Wealth Management Ltd currently has 1 director, Mr Stephen Tait serving since Mar 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Tait | Scotland | 47 years | Mar 2013 | - | Director |
P&L
March 2024turnover
240.1k
+35%
operating profit
165.8k
0%
gross margin
77.3%
-5.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
422.6k
+0.4%
total assets
586.2k
+0.27%
cash
150.5k
+0.82%
net assets
Total assets minus all liabilities
tait wealth management ltd company details
company number
SC445587
Type
Private limited with Share Capital
industry
70221 - Financial management
incorporation date
March 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2024
address
flat 0/1 30 calderwood road, glasgow, G43 2RU
accountant
CLYDE BUSINESS SERVICES
auditor
-
tait wealth management 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 did not find charges/mortgages relating to tait wealth management ltd.
tait wealth management ltd Companies House Filings - See Documents
| date | description | view/download |
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