TSD BOURNE 2021 LIMITED

Executive Summary

TSD BOURNE 2021 LIMITED is a small-scale distribution holding company operating as a micro-entity with limited financial complexity and asset base. Its financial metrics and structure reflect a niche player status within the holding sector, with negative working capital typical for such entities but constrained scale compared to industry leaders. Broader distribution sector trends influence the company primarily through its subsidiaries, while its modest size limits competitive reach and operational diversification.

TSD BOURNE 2021 LIMITED - Analysis Report

Company Number: 13484912

Analysis Date: 2025-07-20 18:38 UTC

1. Industry Classification
   TSD BOURNE 2021 LIMITED operates under SIC code 64204, which identifies it as an "Activities of distribution holding companies." This sector involves companies that primarily hold the securities or interests of other entities engaged in distribution-related activities. Such holding companies typically do not engage directly in operational distribution but manage and control subsidiaries or investments involved in wholesale, retail, or logistics. Key characteristics of this sector include asset management, financial oversight of subsidiaries, and strategic direction without direct sales or operational functions.

2. Relative Performance
   As a micro-entity, TSD BOURNE 2021 LIMITED presents a modest balance sheet with fixed assets of £50,000 and shareholders' funds increasing from £11,251 in 2021 and 2022 to £19,500 in 2023. Notably, the company has consistently reported negative net current assets (working capital deficits) of approximately £30,500 in 2023 and larger deficits previously. This is not uncommon in holding companies, which often maintain minimal current assets and liabilities primarily tied to intercompany transactions or short-term payables. Compared to industry norms for distribution holding companies, which may have larger asset bases correlating with the size and number of subsidiaries, this company's scale is very small, reflecting either a nascent stage or a narrow portfolio of holdings. The absence of current assets beyond nominal cash or receivables suggests limited operational complexity.

3. Sector Trends Impact
   The holding company sector within distribution is influenced by broader trends affecting the distribution and logistics industries, such as supply chain digitization, e-commerce growth, and shifts towards sustainability in logistics operations. Although TSD BOURNE 2021 LIMITED is not directly involved in distribution operations, these trends impact the financial performance and strategic decisions of the subsidiaries it holds. Additionally, economic uncertainty and inflationary pressures in the UK market can affect investment valuations and holding companies' financial stability. Increased regulatory scrutiny around corporate governance and transparency also shapes operational compliance for holding entities.

4. Competitive Positioning
   TSD BOURNE 2021 LIMITED is a niche player within its sector, functioning more as a small-scale holding entity rather than a market leader. Its limited asset base, small employee count (2 on average), and micro-entity accounting status position it well below larger, more diversified holding companies in the distribution sector. Strengths include minimal overheads and focused ownership (with a clear controlling shareholder and director), enabling agile decision-making. However, weaknesses include limited financial scale, negative working capital positions, and apparent lack of diversified holdings or operational revenue streams. These factors may restrict its ability to leverage economies of scale or absorb financial shocks compared to larger peers.