TMP (HOLDINGS) LIMITED
Company number 05648042 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Opinion: CONDITIONAL
Approval is contingent on receipt and satisfactory review of the company’s latest filed accounts and management accounts. The available data provides insufficient financial detail to confirm payment capability or debt service capacity. While the company is active, compliant with filings, and backed by corporate shareholders (Tbi Outsourcing UK Ltd and Graphite Capital Management LLP), the absence of balance sheet and profit & loss figures prevents a definitive assessment. The recent resignation of director name shown to subscribers (November 2025) also warrants further inquiry into management stability and strategic direction.
Financial Strength
No balance sheet data is available. The company files under the “Small” accounts category, which means only abbreviated financial statements are publicly lodged. Share capital is nominal (£5,600), and net asset position, leverage, and profitability are unknown. The presence of a private equity investor (Graphite Capital) suggests potential gearing or exit timelines, but this cannot be verified without financials. A review of the full accounts (including intercompany positions) is essential to gauge solvency.
Cash Flow Assessment
Cannot be performed. No turnover, working capital, or liquidity figures are disclosed. The company’s SIC codes (advertising agencies and employment placement) indicate a service-based, people-intensive business—typically with low fixed assets and high receivables. Without cash conversion cycle data, we cannot assess working capital adequacy or debt service coverage. Management accounts and aged debtor/payable reports are required.
Monitoring Points
- Latest filed accounts (year-end 31 December 2025) – request immediately to review turnover, net assets, current ratio, and debt levels.
- Director changes – name shown to subscribers’s resignation in November 2025 may signal management disruption; seek explanation.
- Group support – confirm whether Tbi Outsourcing UK Ltd or Graphite Capital provide guarantees or subordinated debt.
- Financial covenants – if credit is extended, set covenants on minimum net worth and debt service coverage, given the lack of historical data.
- Filing compliance – continue to monitor for overdue accounts or confirmation statements; current compliance is good but must be maintained.