TERN PLC

27/28 EASTCASTLE STREET, LONDON, W1W 8DH

Previous name: SILVERMERE ENERGY PLC (changed on 16-Aug-2013)
Previous name: CHALKWELL INVESTMENTS PLC (changed on 14-Jul-2011)
Previous name: SILVERMERE ENERGY PLC (changed on 30-Jun-2011)

Company Number: 05131386
Incorporation date: 18-May-2004
Status: Active
Entity type: Public Limited Company

SIC codes:
64303 Activities of venture and development capital companies





SUMMARY

This company is 20 years old and is currently active. The company has positive equity (net assets) of GBP 1.4 million which has increased from GBP 1.3 million in the previous year. The latest reported revenue figure is GBP 124.8 thousand which is up 20% on previous year's figure of GBP 106.1 thousand. Retained earnings is negative (GBP -5 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 89 other companies, 29 (32.6%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 124,766 -855,497 74,854
31-Dec-2018 GBP 106,117 -387,223 74,659
31-Dec-2017 GBP 97,940 -1,690,368 1,020 207 -1,689,555


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 1,007,965 1,182,451 152,034 1,355,571 22,578,619 -5,021,113 1,355,571
31-Dec-2018 GBP 1,913,801 2,152,981 257,447 1,348,903 19,660,434 -4,257,564 1,348,903
31-Dec-2017 GBP 273,826 850,675 277,164 211,334 1,330,225 13,237,362 1,330,225

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP 0.49% 2,924,853 591,683,111 594,607,964 591,684,655
31-Dec-2018 GBP 1.38% 6,441,750 458,773,792 465,215,542 461,006,521
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active MSP CORPORATE SERVICES LIMITED 15 Sep 2023 21 May 2024 201 - 57
Resigned Sarah Louise PAYNE 01 Sep 2015 15 Sep 2023 0 - 1
Resigned Philippa Anne KEITH 16 Aug 2013 31 Aug 2015 0 - 1
Resigned CARGIL MANAGEMENT SERVICES LIMITED 31 Aug 2011 16 Aug 2013 103 - 1158
Resigned John RODDISON 14 Feb 2011 31 Aug 2011 British 0 - 1
Resigned INTERNATIONAL REGISTRARS LIMITED 23 Mar 2010 14 Feb 2011 3 - 684
Resigned Alastair John KENNEDY 12 Apr 2006 21 Sep 2009 1 - 8
Resigned Robin ABEYESINHE 16 Nov 2005 12 Apr 2006 Company Director British 0 - 20
Resigned Linda MURRAY 23 Nov 2004 16 Nov 2005 Administrator British 0 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned Matthew SCHERBA 30 Mar 2020 09 Aug 2023 Director British 1 - 30 (0.0%)
Resigned Richard Keith TURNER 25 Oct 2017 15 Jan 2018 Director British 1 - 122 (15.4%)
Active Ian Cleland RITCHIE 01 Jun 2017 Chairman British 7 - 4620 (37.7%)
Active Alan Miles HOWARTH 23 Nov 2015 Non-Executive Director British 4 - 309 (26.5%)
Active Sarah Louise PAYNE 01 Sep 2015 Finance Director British 5 - 11 (16.7%)
Resigned Albert Ernest SISTO 04 Feb 2014 29 Jun 2023 Company Director American 1 - 72 (25.0%)
Resigned Michael John CLARK 01 Nov 2013 29 Jul 2015 Director British 0 - 10 (0.0%)
Resigned Alastair Rawes KERR 01 Nov 2013 04 Feb 2014 Director British 0 - 20 (0.0%)
Resigned Angus George Patrick FORREST 16 Aug 2013 20 Oct 2017 None British 4 - 132 (11.8%)
Resigned Laurence Thomas Martin READ 16 Aug 2013 17 Jul 2015 Finance British 0 - 61 (16.7%)
Resigned Bruce Henderson LEITH 16 Aug 2013 09 Aug 2023 None British 2 - 157 (41.2%)
Resigned Stewart James DALBY 31 Aug 2011 16 Aug 2013 Director British 1 - 54 (66.7%)
Resigned Andrew John Gowdt MORRISON 31 Aug 2011 16 Aug 2013 Director British 0 - 10 (0.0%)
Resigned Frank Hoyt MOXON 31 Aug 2011 16 Aug 2013 Corporate Financier British 3 - 82 (18.2%)
Resigned Reinhold Adriaan Maria HEUS 02 Dec 2010 31 Aug 2011 Company Director British 1 - 115 (41.7%)
Resigned Bruce George Alexander EVERS 02 Dec 2010 18 Apr 2012 Oil Consultant British 0 - 42 (50.0%)
Resigned John RODDISON 29 Nov 2010 31 Aug 2011 Chartered Accountant British 99 - 649281 (37.6%)
Resigned Leo Ernest Vaughan KNIFTON 23 Mar 2010 10 Jan 2011 Dir British 4 - 4528 (57.1%)
Resigned William Nigel Valentine WELLER 23 Mar 2010 10 Jan 2011 Dir British 8 - 4128 (57.1%)
Resigned Muriel Valerie Fabienne ZINGRAFF 20 Nov 2008 16 Mar 2009 Director French 8 - 105 (27.8%)
Resigned Matthew Jonathan COOPER 01 Nov 2008 23 Mar 2010 Director American 7 - 4918 (32.1%)
Resigned Jack GORDON 27 Jul 2007 01 Sep 2008 Ig7 6py British 0 - 41 (25.0%)
Resigned Alastair John KENNEDY 12 Apr 2006 21 Sep 2009 Chartered Accountant Other 1 - 84 (44.4%)
Resigned Mark Nicholas WATSON-MITCHELL 16 Nov 2005 01 Nov 2008 Company Director British 0 - 1812 (66.7%)
Resigned May Louise JENNINGS 16 Nov 2005 24 Jul 2007 Company Director Other 0 - 30 (0.0%)
Resigned Robin ABEYESINHE 16 Nov 2005 12 Apr 2006 Company Director British 0 - 2013 (65.0%)
Resigned Melissa Jane GILMOUR 16 Nov 2005 23 Mar 2010 Company Director New Zealander 2 - 2417 (65.4%)
Resigned Linda MURRAY 23 Nov 2004 16 Nov 2005 Administrator British 0 - 20 (0.0%)
Resigned Stirling Michael MURRAY 23 Nov 2004 23 Mar 2010 Managing Director British 2 - 42 (33.3%)
Resigned QA REGISTRARS LIMITED 18 May 2004 23 Nov 2004 2 - 81603956 (48.5%)
Resigned QA NOMINEES LIMITED 18 May 2004 23 Nov 2004 0 - 74143653 (49.3%)
Number of active directors: 3
Average tenure of active directors: 8.1 years
Average tenure of resigned directors: 2.3 years
Average active director Dissolution Rate: 27.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
CHAMBERLIN PLC (00076928) - Active
NORMAN BROADBENT PLC (00318267) - Active
GRESHAM TECHNOLOGIES PLC (01072032) - Active
INFORMATION SERVICES GROUP EUROPE LIMITED (01535245) - Active
RIDGECREST PLC (01700310) - Active
MACLELLAN GROUP LIMITED (02279581) - Liquidation
ANX REALISATIONS LIMITED (02618608) - Dissolved
ITEXT LIMITED (02717318) - Active
BLETCHLEY PARK TRUST LIMITED (02730618) - Active
MPLSYSTEMS LIMITED (02892893) - Liquidation
ACONEX SERVICES LIMITED (03011107) - Active
NORTHERN VENTURE TRUST PLC (03090163) - Active
LEARNING TECHNOLOGIES GROUP HOLDINGS (UK) LIMITED (03175632) - Active
SIFT LIMITED (03230061) - Active
OBERON MEDIA (UK) LIMITED (03555358) - Dissolved
PHARMACY INITIATIVE 1 LIMITED (03811137) - Dissolved
ALAN HOWARTH & ASSOCIATES LTD (03820761) - Active
CERILLION TECHNOLOGIES LIMITED (03849601) - Active
PHARMACY INITIATIVE 3 LIMITED (03941867) - Active
PHARMACY INITIATIVE 2 LIMITED (03941870) - Active
VIS ITV LIMITED (04000147) - Dissolved
CHILDREN AND FAMILIES ACROSS BORDERS (CFAB) (04025539) - Active
4 VENTURES LIMITED (04106849) - Active
SONAPTIC LIMITED (04557143) - Dissolved
CASPIAN LEARNING LIMITED (04600521) - Liquidation
COVALENT SOFTWARE LIMITED (04645635) - Active
POSTAL HERITAGE COLLECTION TRUST (04896026) - Active
POSTAL HERITAGE TRUST (04896056) - Active
POSTAL HERITAGE SERVICES LIMITED (05079374) - Active
TERN PLC (05131386) - Active
SIGNANT HEALTH INC. LIMITED (05132886) - Active
TELSTRA HEALTH UK (HOLDINGS) LIMITED (05560518) - Active
JERMYN STREET REALISATIONS LIMITED (05611214) - Dissolved
ALJA PHARMACY PLC (05846501) - Dissolved
FIRST FLIGHT NON-EXECUTIVE DIRECTORS LIMITED (05871276) - Active
ADILI PLC (06296226) - Dissolved
SOCIAL TECH TRUST (06578379) - Active
TOPCO ALPHA LIMITED (07178835) - Liquidation
APP-DNA GROUP LIMITED (07285667) - Dissolved
FVRVS LIMITED (07370553) - Active
WTG TECHNOLOGIES GROUP LIMITED (07618201) - Liquidation
RED FOX MEDIA LTD (07640716) - In Administration
RAE TRADING LIMITED (08038360) - Active
INVMA LIMITED (08123484) - In Administration
LEXICA HEALTH AND LIFE SCIENCES CONSULTANCY LIMITED (08493283) - Active
CERILLION PLC (09472870) - Active
WYLD NETWORKS LIMITED (10252557) - Active
CYBERFORT BIDCO LIMITED (10743953) - Active
CYBERFORT GROUP LIMITED (10796111) - Active
NATTERGAL LIMITED (13661114) - Active
BOOTHBY WILDLAND LIMITED (13709852) - Active
HIGH FEN LIMITED (14452525) - Active
HAROLDS PARK WILDLAND LIMITED (15566075) - Active
THE SCOTTISH COUNCIL FOR DEVELOPMENT AND INDUSTRY (SC024724) - Active
THE ROYAL LYCEUM THEATRE COMPANY LIMITED (SC062065) - Active
CENTRE FOR THE MOVING IMAGE (SC067087) - Liquidation
GLASGOW OPPORTUNITIES (SC083788) - Dissolved
DAVID HUME INSTITUTE THE (SC091239) - Active
COMPUTER APPLICATION SERVICES LIMITED (SC102278) - Active
EDINBURGH SCIENCE LTD (SC106331) - Active
EIFF REALISATIONS LIMITED (SC132453) - Liquidation
DYNAMIC EARTH CHARITABLE TRUST (SC138695) - Active
DYNAMIC EARTH ENTERPRISES LIMITED (SC139122) - Active
VOXAR (SC145641) - Dissolved
INDIGOVISION LIMITED (SC150401) - Active
SOPHEON EDINBURGH LIMITED (SC151271) - Active
VIS ENTERTAINMENT LIMITED (SC160499) - Dissolved
SCRAN LIMITED (SC163518) - Active - Proposal to Strike off
THE SCRAN TRUST (SC166833) - Dissolved
COPPERTOP CONCEPTS LIMITED (SC180096) - Dissolved
SCAPA TECHNOLOGIES LIMITED (SC187089) - Active
THE GO GROUP UK LTD (SC192234) - Dissolved
GO PROJECTS LTD (SC192722) - Dissolved
ORBITAL SOFTWARE EUROPE LIMITED (SC193759) - Active
IOMART GROUP PLC (SC204560) - Active
CONNECT SCOTLAND (SC207563) - Dissolved
ORBITAL SOFTWARE HOLDINGS PLC (SC210686) - Active
PENTECH ADVISORY LP LIMITED (SC219883) - Active
NATIONAL THEATRE OF SCOTLAND (SC234270) - Active
THE INTERACTIVE UNIVERSITY (SC236686) - Dissolved
THE INTERACTIVE DESIGN INSTITUTE LIMITED (SC265879) - Active
COGBOOKS LIMITED (SC277108) - Active
SCOTTISH INSTITUTE FOR ENTERPRISE LIMITED (SC284567) - Active
BLIPFOTO LIMITED (SC327482) - Dissolved
THE ENTREPRENEURIAL SCOTLAND FOUNDATION (SC332951) - Active
MUSEMANTIK LIMITED (SC370015) - Active
EDINBURGH SCIENCE WORLDWIDE LTD (SC392467) - Active
SALTIRE VENTURES LIMITED (SC424000) - Dissolved
KROTOS LTD (SC458616) - Active
CAS (EBT) LIMITED (SC461988) - Active

SHAREHOLDERS (BETA)

No shareholder data available
This is a Public Limited Company therefore the list of shareholders is not publicly available.

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2019-10-26
TERN PLCPREFERRED SHARES95,716
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

TERN PLC

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64303 Activities of venture and development capital companies)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
IK INVESTMENT PARTNERS LIMITED 80 STRAND, LONDON, ENGLAND, WC2R 0DT 02763049 2017-12-31 63,830,449 16,095,258
COMMITTED CAPITAL FINANCIAL SERVICES LIMITED 148-150 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 9TR 03810820 2017-06-30 669,165 0 66300-Fund management activities
CONDUIT VENTURES GENERAL PARTNER II LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 06028941 2017-12-31 440,931 0
CONDUIT VENTURES LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 04293385 2017-12-31 440,931 0
CONDUIT VENTURES (GENERAL PARTNER) LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 04577544 2017-12-31 424,954 0
EEP ADVISERS LIMITED CITY POINT, 1 ROPEMAKER STREET, LONDON, EC2Y 9HT 03628367 2017-12-31 295,000 0
ADT CAPITAL LTD 33 ST. JAMES'S STREET, C/O ARLINGTON CAPITAL, 4TH FLOOR, LONDON, ENGLAND, SW1A 1HD 08632356 2018-07-31 204,945 0
SPRINGHILL MANAGEMENT LIMITED 12 CHANTRY QUARRY, GUILDFORD, ENGLAND, GU1 3AF 04344472 2018-12-31 72,179 0
ZENRON CAPITAL LTD 7 WHITECHAPEL ROAD, OFFICE 410, LONDON, ENGLAND, E1 1DU 08440118 2018-03-31 66,135 0 70221-Financial management
70229-Management consultancy activities other than financial management
3DI GROUP LTD 17 SHALLOCH PARK, AYR, SCOTLAND, KA7 4HL SC400945 2018-06-30 32,020 0
BIG BEN VENTURE PARTNERS LTD. 58 GUIBAL ROAD, LONDON, ENGLAND, SE12 9LZ 10397249 2018-09-30 26,229 0 64999-Financial intermediation not elsewhere classified
ANGELS NOMINEES LIMITED IVY COTTAGE FARM, LYNDHURST ROAD MINSTEAD, LYNDHURST, HAMPSHIRE, SO43 7FY 04198772 2018-04-30 17,068 0
CHORLTON CAPITAL LIMITED THE GEORGIAN HOUSE, NIZELS LANE, HILDENBOROUGH, KENT, TN11 8NU 04486244 2018-06-30 14,800 0
NEWFLEX INVESTMENTS LIMITED 7 BELL YARD, LONDON, ENGLAND, UNITED KINGDOM, WC2A 2JR 08791193 2016-11-30 14,215 0
ELIXIUM SOCIAL MARKETING LTD 15 EDWARDS WAY, MARPLE, STOCKPORT, UNITED KINGDOM, SK6 7PX 09529313 2019-04-30 11,470 0
MARTTILA LIMITED 69 GREAT HAMPTON STREET, BIRMINGHAM, B18 6EW 05945153 2018-12-31 10,720 0 70229-Management consultancy activities other than financial management
74909-Other professional, scientific and technical activities not elsewhere classified
DECACORN CAPITAL LIMITED 18 PANORAMIC, 152 GROSVENOR ROAD, LONDON, SW1V 3JL 09737195 2018-08-31 3,600 0
WOODBURY CAPITAL LIMITED 20 GREAT SOUTHSEA STREET, GREAT SOUTHSEA STREET, SOUTHSEA, HAMPSHIRE, ENGLAND, PO5 3BY 08818767 2017-12-31 2,843 0
FOUNDATION CAPITAL LIMITED 114 BANKSIDE LOFTS, 65 HOPTON STREET, LONDON, ENGLAND, SE1 9JL 04879694 2018-08-31 0 0
ALVARIUM RE LIMITED LEVEL 5 NOVA NORTH, 11 BRESSENDEN PLACE, LONDON, ENGLAND, SW1E 5BY 06931299 0000-00-00 0 0
AUGUST EQUITY MANAGEMENT LIMITED 10 SLINGSBY PLACE, ST. MARTIN'S COURTYARD, LONDON, WC2E 9AB 04261261 0000-00-00 0 0
AUGUST EQUITY PARTNERS IV GP LIMITED 10 SLINGSBY PLACE, LONDON, UNITED KINGDOM, WC2E 9AB 10033090 0000-00-00 0 0
BGF NOMINEES LIMITED 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU 10007355 0000-00-00 0 0
BRIDGES FUND MANAGEMENT LIMITED 38 SEYMOUR STREET, LONDON, UNITED KINGDOM, W1H 7BP 10401079 0000-00-00 0 0
BUSINESS GROWTH FUND LIMITED 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU 07514847 0000-00-00 0 0
DRAPER ESPRIT PLC 20 GARRICK STREET, LONDON, ENGLAND, WC2E 9BT 09799594 0000-00-00 0 0
ENTERPRISE VENTURES GROUP LIMITED UNIT F26 PRESTON TECHNOLOGY, MANAGEMENT CENTRE, MARSH LANE PRESTON, LANCASHIRE, PR1 8UQ 04161494 0000-00-00 0 0
ENTERPRISE VENTURES LIMITED PRESTON TECHNOLOGY MANAGEMENT, CENTRE MARSH LANE, PRESTON, LANCASHIRE, PR1 8UQ 03249066 0000-00-00 0 0
MANAGEMENT OPPORTUNITIES LIMITED 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, SCOTLAND, EH3 9WJ SC118578 0000-00-00 0 0
MERCIA ASSET MANAGEMENT PLC FORWARD HOUSE, 17 HIGH STREET, HENLEY IN ARDEN, WARWICKSHIRE, B95 5AA 09223445 0000-00-00 0 0
NORTHEDGE CAPITAL NOMINEE LIMITED 13TH FLOOR, NUMBER ONE SPINNINGFIELDS 1 HARDMAN SQUARE, SPINNINGFIELDS, MANCHESTER, ENGLAND, M3 3EB 10213372 0000-00-00 0 0
SEP EEF GENERAL PARTNER LIMITED 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD SC412355 0000-00-00 0 0
SEP VENTURES LIMITED 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD SC189451 0000-00-00 0 0
TARGET TOPCO LIMITED TARGET HOUSE, COWBRIDGE ROAD EAST, CARDIFF, S GLAMORGAN, CF11 9AU 07956530 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
TERN PLC 1.2% 3.5% 7.0% Medium
Other companies Active in the same sector 1.6% 5.7% 11.5% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-04-30


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
TERN PLC 12,390,000 15,427,500 7.6 76.4 -13.3
Investment Banking and Brokerage Services
( 60 companies)
66,689,540,000 41,306,225,283 16.4
(median)
1.9
(median)
N/A
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