Initialaccess Limited

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initialaccess limited Company Information

Live

MatureSmallDeclining

Company Number

03274489

Website

www.initialaccess.co.uk

Registered Address

the walbrook building, 25 walbrook, london, EC4N 8AF

Industry

Agents specialised in the sale of other particular products

Telephone

01902798999

Next Accounts Due

August 2024

Group Structure

View All

Directors

Frank Cohen27 Years

Shareholders

frank cohen 100%

initialaccess limited Estimated Valuation

£854.7k

Pomanda estimates the enterprise value of INITIALACCESS LIMITED at £854.7k based on Net Assets of £668.8k and 1.28x industry multiple (adjusted for liquidity).

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Initialaccess Limited is a live company located in london, EC4N 8AF with a Companies House number of 03274489. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in November 1996, it's largest shareholder is frank cohen with a 100% stake. Initialaccess Limited is a mature, small sized company, Pomanda has estimated its turnover at £914.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Initialaccess Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £914.1k, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (2.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INITIALACCESS LIMITED group structure

Initialaccess Limited has no subsidiary companies.

Ultimate parent company

INITIALACCESS LIMITED

03274489

INITIALACCESS LIMITED Shareholders

frank cohen

100%

Initialaccess Limited currently has 1 director, Mr Frank Cohen serving since Dec 1996.

officer	country	age	start	end	role
Mr Frank Cohen	England	80 years	Dec 1996	-	Director

EXPORT

Initialaccess Limited's latest turnover from November 2022 is estimated at £914.1 thousand and the company has net assets of £668.8 thousand. According to their latest financial statements, Initialaccess Limited has 6 employees and maintains cash reserves of £152.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	914,089	798,998	972,721	1,241,571	1,629,949	1,484,726	1,813,281	5,864,290	4,876,738	4,282,979	2,500,753	1,642,557	6,487,253	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	662,990	579,102	697,415	912,954	1,194,695	1,110,636	1,306,242	4,275,261	3,606,233	3,160,034	1,869,563	1,229,557	4,749,147	0
Gross Profit	251,099	219,897	275,306	328,616	435,254	374,090	507,039	1,589,029	1,270,505	1,122,945	631,190	413,000	1,738,106	0
Admin Expenses	269,837	186,319	194,533	120,698	379,268	-51,815	284,344	1,599,280	1,360,752	1,248,865	624,838	452,055	1,708,521	-116,546
Operating Profit	-18,738	33,578	80,773	207,918	55,986	425,905	222,695	-10,251	-90,247	-125,920	6,352	-39,055	29,585	116,546
Interest Payable	0	0	0	0	0	18	17	0	0	0	0	0	0	0
Interest Receivable	4,976	216	374	1,889	711	1,362	460	45	193	1,809	1,878	640	447	32
Pre-Tax Profit	-13,763	33,794	81,147	209,807	56,696	427,248	223,138	-10,206	-90,054	-124,111	8,230	-38,415	30,032	116,578
Tax	0	-6,421	-15,418	-39,863	-10,772	-81,177	-44,627	0	0	0	-1,975	0	-8,409	-32,642
Profit After Tax	-13,763	27,373	65,729	169,944	45,924	346,071	178,510	-10,206	-90,054	-124,111	6,255	-38,415	21,623	83,936
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-13,763	27,373	65,729	169,944	45,924	346,071	178,510	-10,206	-90,054	-124,111	6,255	-38,415	21,623	83,936
Employee Costs	307,978	287,798	276,362	288,659	271,985	213,812	315,889	824,183	735,253	627,204	339,600	242,393	985,263	0
Number Of Employees	6	6	6	6	6	5	7	19	17	15	8	6	26	0
EBITDA*	-12,388	39,342	87,705	214,850	63,719	434,290	227,341	-5,568	-90,247	-121,385	11,002	-34,405	38,152	127,318

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	128,254	128,043	133,807	140,082	147,014	152,182	144,573	148,084	151,457	154,849	159,384	163,122	163,103	170,650
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	1,173	880	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	128,254	128,043	133,807	141,255	147,894	152,182	144,573	148,084	151,457	154,849	159,384	163,122	163,103	170,650
Stock & work in progress	467,133	453,588	508,650	663,887	1,130,128	1,063,051	1,307,331	1,383,145	1,182,223	1,182,450	1,156,168	1,157,908	2,572,641	2,628,860
Trade Debtors	25,000	2,360	60,000	72,575	90,799	68,975	72,575	68,186	78,225	33,115	19,507	26,028	164,208	83,542
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,525	16,173	3,636	7,681	8,647	13,681	4,908	0	0	0	0	0	0	0
Cash	152,848	178,852	253,309	494,096	9,733	179,807	364,825	2,973	14,867	62,366	661,293	89,815	166,103	12,701
misc current assets	3,315	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	659,821	650,973	825,595	1,238,239	1,239,307	1,325,514	1,749,639	1,454,304	1,275,315	1,277,931	1,836,968	1,273,751	2,902,952	2,725,103
total assets	788,075	779,016	959,402	1,379,494	1,387,201	1,477,696	1,894,212	1,602,388	1,426,772	1,432,780	1,996,352	1,436,873	3,066,055	2,895,753
Bank overdraft	0	0	0	0	0	0	559	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	38,114	30,311	24,229	25,697	29,201	27,791	21,466	1,723,086	1,536,784	1,452,297	580,927	144,287	1,688,004	1,934,578
Group/Directors Accounts	1,672	608	199,816	672,542	855,187	858,690	1,646,779	0	0	0	1,310,213	1,193,277	1,240,833	844,644
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	4,996	4,959	0	0	0	0	0	0	0	0
other current liabilities	52,335	38,466	52,060	61,390	47,016	176,383	168,139	0	0	0	0	0	0	0
total current liabilities	92,121	69,385	276,105	759,629	936,400	1,067,823	1,836,943	1,723,086	1,536,784	1,452,297	1,891,140	1,337,564	2,928,837	2,779,222
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	4,996	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	27,136	27,050	28,089	30,386	31,266	31,266	29,729	30,272	30,752	31,193	31,811	32,163	31,657	32,593
total long term liabilities	27,136	27,050	28,089	30,386	31,266	36,262	29,729	30,272	30,752	31,193	31,811	32,163	31,657	32,593
total liabilities	119,257	96,435	304,194	790,015	967,666	1,104,085	1,866,672	1,753,358	1,567,536	1,483,490	1,922,951	1,369,727	2,960,494	2,811,815
net assets	668,818	682,581	655,208	589,479	419,535	373,611	27,540	-150,970	-140,764	-50,710	73,401	67,146	105,561	83,938
total shareholders funds	668,818	682,581	655,208	589,479	419,535	373,611	27,540	-150,970	-140,764	-50,710	73,401	67,146	105,561	83,938

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-18,738	33,578	80,773	207,918	55,986	425,905	222,695	-10,251	-90,247	-125,920	6,352	-39,055	29,585	116,546
Depreciation	6,350	5,764	6,932	6,932	7,733	8,385	4,646	4,683	0	4,535	4,650	4,650	8,567	10,772
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,421	-15,418	-39,863	-10,772	-81,177	-44,627	0	0	0	-1,975	0	-8,409	-32,642
Stock	13,545	-55,062	-155,237	-466,241	67,077	-244,280	-75,814	200,922	-227	26,282	-1,740	-1,414,733	-56,219	2,628,860
Debtors	17,992	-45,103	-16,620	-19,190	16,790	5,173	9,297	-10,039	45,110	13,608	-6,521	-138,180	80,666	83,542
Creditors	7,803	6,082	-1,468	-3,504	1,410	6,325	-1,701,620	186,302	84,487	871,370	436,640	-1,543,717	-246,574	1,934,578
Accruals and Deferred Income	13,869	-13,594	-9,330	14,374	-129,367	8,244	168,139	0	0	0	0	0	0	0
Deferred Taxes & Provisions	86	-1,039	-2,297	-880	0	1,537	-543	-480	-441	-618	-352	506	-936	32,593
Cash flow from operations	-22,167	124,535	231,049	670,408	-158,877	608,326	-1,284,793	-10,629	-51,084	709,477	453,576	-24,703	-242,214	-650,555
Investing Activities
capital expenditure	-6,561	0	-657	0	-2,565	-15,994	-1,135	-1,310	3,392	0	-912	-4,669	-1,020	-181,422
Change in Investments	0	0	-1,173	293	880	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,561	0	516	-293	-3,445	-15,994	-1,135	-1,310	3,392	0	-912	-4,669	-1,020	-181,422
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,064	-199,208	-472,726	-182,645	-3,503	-788,089	1,646,779	0	0	-1,310,213	116,936	-47,556	396,189	844,644
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-4,996	-4,959	9,955	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	4,976	216	374	1,889	711	1,344	443	45	193	1,809	1,878	640	447	32
cash flow from financing	6,040	-198,992	-472,352	-185,752	-7,751	-776,790	1,647,222	45	193	-1,308,404	118,814	-46,916	396,636	844,678
cash and cash equivalents
cash	-26,004	-74,457	-240,787	484,363	-170,074	-185,018	361,852	-11,894	-47,499	-598,927	571,478	-76,288	153,402	12,701
overdraft	0	0	0	0	0	-559	559	0	0	0	0	0	0	0
change in cash	-26,004	-74,457	-240,787	484,363	-170,074	-184,459	361,293	-11,894	-47,499	-598,927	571,478	-76,288	153,402	12,701

P&L

November 2022

turnover

914.1k

+14%

operating profit

-18.7k

gross margin

27.5%

-0.19%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2022

net assets

668.8k

-0.02%

total assets

788.1k

+0.01%

cash

152.8k

-0.15%

net assets

Total assets minus all liabilities

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company number

03274489

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

incorporation date

November 1996

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

the walbrook building, 25 walbrook, london, EC4N 8AF

last accounts submitted

November 2022

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 initialaccess limited.

initialaccess limited Company Information

initialaccess limited Estimated Valuation

initialaccess limited Estimated Valuation

initialaccess limited Estimated Valuation

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INITIALACCESS LIMITED financials

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