Amorphous Tb$_{x}$Co$_{100-x}$ magnetic alloys exhibit a list of intriguing properties, such as perpendicular magnetic anisotropy, high magneto-optical activity and magnetization switching using ultrashort optical pulses. Varying the Tb:Co ratio in these alloys allows for tuning properties such as the saturation magnetic moment, coercive field and the performance of the light-induced magnetization switching. In this work, we investigate the magnetic, optical and magneto-optical properties of various Tb$_{x}$Co$_{100-x}$ thin film alloy compositions. We report on the effect the choice of different seeding layers has on the structural and magnetic properties of Tb$_{x}$Co$_{100-x}$ layers. We also demonstrate that for a range of alloys, deposited on fused silica substrates, with Tb content of 24-30 at.$%$, helicity dependent all-optical switching of magnetization can be achieved, albeit in a multi-shot framework. We explain this property to arise from the helicity-dependent laser induced magnetization on the Co sublattice due to the inverse Faraday effect. Our study provides an insight into material aspects for future potential hybrid magneto-plasmonic TbCo-based architectures.