the association of accounting technicians
the association of accounting technicians Company Information
Group Structure
View All
Industry
Activities of professional membership organisations
Registered Address
30 churchill place, london, E14 5RE
Website
http://aat.org.ukthe association of accounting technicians Estimated Valuation
Pomanda estimates the enterprise value of THE ASSOCIATION OF ACCOUNTING TECHNICIANS at £30.6m based on a Turnover of £33.5m and 0.91x industry multiple (adjusted for size and gross margin).
the association of accounting technicians Estimated Valuation
Pomanda estimates the enterprise value of THE ASSOCIATION OF ACCOUNTING TECHNICIANS at £0 based on an EBITDA of £-532.8k and a 4.86x industry multiple (adjusted for size and gross margin).
the association of accounting technicians Estimated Valuation
Pomanda estimates the enterprise value of THE ASSOCIATION OF ACCOUNTING TECHNICIANS at £79.6m based on Net Assets of £33.2m and 2.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Association Of Accounting Technicians Overview
The Association Of Accounting Technicians is a live company located in london, E14 5RE with a Companies House number of 01518983. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in September 1980, it's largest shareholder is unknown. The Association Of Accounting Technicians is a mature, large sized company, Pomanda has estimated its turnover at £33.5m with healthy growth in recent years.
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The Association Of Accounting Technicians Health Check
Pomanda's financial health check has awarded The Association Of Accounting Technicians a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £33.5m, make it larger than the average company (£695.7k)
£33.5m - The Association Of Accounting Technicians
£695.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.6%)
4% - The Association Of Accounting Technicians
8.6% - Industry AVG
Production
with a gross margin of 74.2%, this company has a comparable cost of product (74.2%)
74.2% - The Association Of Accounting Technicians
74.2% - Industry AVG
Profitability
an operating margin of -5.4% make it less profitable than the average company (2.2%)
-5.4% - The Association Of Accounting Technicians
2.2% - Industry AVG
Employees
with 252 employees, this is above the industry average (11)
252 - The Association Of Accounting Technicians
11 - Industry AVG
Pay Structure
on an average salary of £62k, the company has a higher pay structure (£46.7k)
£62k - The Association Of Accounting Technicians
£46.7k - Industry AVG
Efficiency
resulting in sales per employee of £133k, this is more efficient (£100.1k)
£133k - The Association Of Accounting Technicians
£100.1k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is near the average (23 days)
18 days - The Association Of Accounting Technicians
23 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (27 days)
48 days - The Association Of Accounting Technicians
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Association Of Accounting Technicians
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 48 weeks, this is less cash available to meet short term requirements (105 weeks)
48 weeks - The Association Of Accounting Technicians
105 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34%, this is a higher level of debt than the average (28.1%)
34% - The Association Of Accounting Technicians
28.1% - Industry AVG
THE ASSOCIATION OF ACCOUNTING TECHNICIANS financials
The Association Of Accounting Technicians's latest turnover from March 2024 is £33.5 million and the company has net assets of £33.2 million. According to their latest financial statements, The Association Of Accounting Technicians has 252 employees and maintains cash reserves of £13.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 33,509,000 | 32,549,000 | 32,277,000 | 29,366,000 | 31,631,000 | 30,538,000 | 37,199,000 | 29,049,000 | 27,110,000 | 25,702,000 | 25,392,000 | 23,658,000 | 21,923,000 | 17,801,000 | 18,844,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 705,000 | 638,000 | 676,000 | 712,000 | 617,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,125,000 | 2,631,000 | 8,246,000 | 8,186,000 | 1,881,000 | 763,000 | 190,000 | 454,000 | 126,000 | 817,000 | 1,234,000 | 1,583,000 | 2,416,000 | -957,000 | 605,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,125,000 | 2,631,000 | 8,246,000 | 8,186,000 | 1,881,000 | 763,000 | 190,000 | 454,000 | 126,000 | 817,000 | 1,234,000 | 1,583,000 | 2,416,000 | -957,000 | 605,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,125,000 | 2,631,000 | 8,246,000 | 8,186,000 | 1,881,000 | 763,000 | 190,000 | 454,000 | 126,000 | 817,000 | 1,234,000 | 1,583,000 | 2,416,000 | -957,000 | 605,000 |
| Employee Costs | 15,632,000 | 13,469,000 | 12,067,000 | 12,922,000 | 13,616,000 | 13,000,000 | 15,994,000 | 12,110,000 | 10,822,000 | 9,927,000 | 9,397,000 | 8,982,000 | 7,962,000 | 7,179,000 | 6,912,000 |
| Number Of Employees | 252 | 240 | 217 | 247 | 264 | 261 | 256 | 249 | 235 | 218 | 213 | 205 | 182 | 170 | 160 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 400,000 | 530,000 | 686,000 | 185,000 | 336,000 | 536,000 | 804,000 | 1,211,000 | 1,338,000 | 2,407,000 | 2,977,000 | 3,300,000 | 1,955,000 | 1,946,000 | 1,526,000 |
| Intangible Assets | 5,260,000 | 5,130,000 | 3,380,000 | 832,000 | 483,000 | 381,000 | 583,000 | 1,006,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 28,463,000 | 30,437,000 | 25,710,000 | 24,416,000 | 19,806,000 | 18,957,000 | 19,457,000 | 19,704,000 | 17,371,000 | 16,409,000 | 10,742,000 | 9,760,000 | 9,254,000 | 9,245,000 | 5,349,000 |
| Debtors (Due After 1 year) | 174,000 | 174,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 34,297,000 | 36,271,000 | 29,776,000 | 25,433,000 | 20,625,000 | 19,874,000 | 20,844,000 | 21,921,000 | 18,709,000 | 18,816,000 | 13,719,000 | 13,060,000 | 11,209,000 | 11,191,000 | 6,875,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 8,000 | 7,000 | 11,000 | 16,000 | 91,000 | 112,000 |
| Trade Debtors | 1,697,000 | 2,238,000 | 1,751,000 | 1,399,000 | 1,312,000 | 1,637,000 | 1,581,000 | 2,135,000 | 2,055,000 | 2,265,000 | 1,854,000 | 1,483,000 | 1,342,000 | 860,000 | 739,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 2,000 | 32,000 | 28,000 | 28,000 | 51,000 | 65,000 | 106,000 |
| Misc Debtors | 647,000 | 781,000 | 1,484,000 | 978,000 | 1,489,000 | 1,613,000 | 1,626,000 | 747,000 | 2,456,000 | 2,365,000 | 3,278,000 | 2,515,000 | 1,621,000 | 1,122,000 | 1,102,000 |
| Cash | 13,704,000 | 12,118,000 | 13,913,000 | 9,821,000 | 7,088,000 | 6,664,000 | 4,985,000 | 3,384,000 | 1,511,000 | 1,172,000 | 543,000 | 974,000 | 560,000 | 427,000 | 370,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,945,000 | 2,010,000 | 6,471,000 | 5,163,000 | 4,540,000 | 3,126,000 | 7,560,000 |
| total current assets | 16,048,000 | 15,137,000 | 17,148,000 | 12,198,000 | 9,889,000 | 9,914,000 | 8,192,000 | 6,269,000 | 8,971,000 | 7,852,000 | 12,181,000 | 10,174,000 | 8,130,000 | 5,691,000 | 9,989,000 |
| total assets | 50,345,000 | 51,408,000 | 46,924,000 | 37,631,000 | 30,514,000 | 29,788,000 | 29,036,000 | 28,190,000 | 27,680,000 | 26,668,000 | 25,900,000 | 23,234,000 | 19,339,000 | 16,882,000 | 16,864,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,139,000 | 1,104,000 | 1,424,000 | 144,000 | 447,000 | 447,000 | 410,000 | 745,000 | 909,000 | 1,066,000 | 843,000 | 2,124,000 | 470,000 | 596,000 | 728,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 13,464,000 | 13,021,000 | 12,433,000 | 12,221,000 | 12,388,000 | 12,978,000 | 12,061,000 | 10,307,000 | 10,875,000 | 9,806,000 | 8,828,000 | 1,643,000 | 2,459,000 | 2,216,000 | 2,101,000 |
| total current liabilities | 14,603,000 | 14,125,000 | 13,857,000 | 12,365,000 | 12,835,000 | 13,425,000 | 12,471,000 | 11,052,000 | 11,784,000 | 10,872,000 | 9,671,000 | 3,829,000 | 2,929,000 | 2,812,000 | 2,829,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,858,000 | 1,897,000 | 0 | 0 | 0 | 462,000 | 669,000 | 927,000 | 688,000 | 0 | 0 | 5,114,000 | 4,616,000 | 4,070,000 | 3,693,000 |
| other liabilities | 0 | 0 | 0 | 48,000 | 255,000 | 0 | 0 | 0 | 0 | 572,000 | 657,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 503,000 | 136,000 | 304,000 | 395,000 |
| total long term liabilities | 2,510,000 | 2,775,000 | 0 | 564,000 | 996,000 | 2,372,000 | 3,959,000 | 4,492,000 | 3,463,000 | 5,510,000 | 4,730,000 | 9,928,000 | 8,028,000 | 6,677,000 | 7,228,000 |
| total liabilities | 17,113,000 | 16,900,000 | 13,857,000 | 12,929,000 | 13,831,000 | 15,797,000 | 16,430,000 | 15,544,000 | 15,247,000 | 16,382,000 | 14,401,000 | 13,757,000 | 10,957,000 | 9,489,000 | 10,057,000 |
| net assets | 33,232,000 | 34,508,000 | 33,067,000 | 24,702,000 | 16,683,000 | 13,991,000 | 12,606,000 | 12,646,000 | 12,433,000 | 10,286,000 | 11,499,000 | 9,477,000 | 8,382,000 | 7,393,000 | 6,807,000 |
| total shareholders funds | 33,232,000 | 34,508,000 | 33,067,000 | 24,702,000 | 16,683,000 | 13,991,000 | 12,606,000 | 12,646,000 | 12,433,000 | 10,286,000 | 11,499,000 | 9,477,000 | 8,382,000 | 7,393,000 | 6,807,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 130,000 | 156,000 | 148,000 | 151,000 | 200,000 | 268,000 | 406,000 | 727,000 | 746,000 | 974,000 | 878,000 | 603,000 | 555,000 | 608,000 | 559,000 |
| Amortisation | 1,140,000 | 519,000 | 38,000 | 201,000 | 188,000 | 202,000 | 426,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,000 | -6,000 | 1,000 | -4,000 | -5,000 | -75,000 | -21,000 | 112,000 |
| Debtors | -675,000 | -42,000 | 858,000 | -424,000 | -449,000 | 43,000 | 3,207,000 | -1,628,000 | -149,000 | -498,000 | 1,134,000 | 1,012,000 | 967,000 | 100,000 | 1,947,000 |
| Creditors | 35,000 | -320,000 | 1,280,000 | -303,000 | 0 | 37,000 | 410,000 | -164,000 | -157,000 | 223,000 | -1,281,000 | 1,654,000 | -126,000 | -132,000 | 728,000 |
| Accruals and Deferred Income | 404,000 | 2,485,000 | 212,000 | -167,000 | -1,052,000 | 710,000 | 12,730,000 | -329,000 | 1,757,000 | 978,000 | 2,071,000 | -318,000 | 789,000 | 492,000 | 5,794,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -503,000 | 367,000 | -168,000 | -91,000 | 395,000 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -11,000 | 124,000 | -2,309,000 | 0 | 0 | -821,000 | -2,047,000 | -654,000 | -1,028,000 | -300,000 |
| Change in Investments | -1,974,000 | 4,727,000 | 1,294,000 | 4,610,000 | 849,000 | -500,000 | 19,457,000 | 2,333,000 | 962,000 | 5,667,000 | 982,000 | 506,000 | 9,000 | 3,896,000 | 5,349,000 |
| cash flow from investments | 1,974,000 | -4,727,000 | -1,294,000 | -4,610,000 | -849,000 | 489,000 | -19,333,000 | -4,642,000 | -962,000 | -5,667,000 | -1,803,000 | -2,553,000 | -663,000 | -4,924,000 | -5,649,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -62,000 | 62,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -48,000 | -207,000 | 255,000 | 0 | 0 | 0 | -572,000 | -85,000 | 657,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -705,000 | -638,000 | -676,000 | -712,000 | -617,000 |
| cash flow from financing | -151,000 | -1,190,000 | 71,000 | -374,000 | 1,066,000 | 622,000 | 12,416,000 | -241,000 | 1,449,000 | -2,115,000 | 678,000 | -1,064,000 | -2,103,000 | 831,000 | 5,585,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,586,000 | -1,795,000 | 4,092,000 | 2,733,000 | 424,000 | 1,679,000 | 4,985,000 | 1,873,000 | 339,000 | 629,000 | -431,000 | 414,000 | 133,000 | 57,000 | 370,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,586,000 | -1,795,000 | 4,092,000 | 2,733,000 | 424,000 | 1,679,000 | 4,985,000 | 1,873,000 | 339,000 | 629,000 | -431,000 | 414,000 | 133,000 | 57,000 | 370,000 |
the association of accounting technicians Credit Report and Business Information
The Association Of Accounting Technicians Competitor Analysis
Perform a competitor analysis for the association of accounting technicians by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
the association of accounting technicians Ownership
THE ASSOCIATION OF ACCOUNTING TECHNICIANS group structure
The Association Of Accounting Technicians has 2 subsidiary companies.
Ultimate parent company
THE ASSOCIATION OF ACCOUNTING TECHNICIANS
01518983
2 subsidiaries
the association of accounting technicians directors
The Association Of Accounting Technicians currently has 13 directors. The longest serving directors include Ms Sarah Wood (May 2006) and Mrs Heather Hill (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Sarah Wood | 76 years | May 2006 | - | Director | |
| Mrs Heather Hill | United Kingdom | 62 years | May 2016 | - | Director |
| Mrs Rita Patel | United Kingdom | 61 years | Sep 2020 | - | Director |
| Miss Anne Moore | England | 58 years | Dec 2020 | - | Director |
| Mrs Heather Durrell | England | 53 years | Sep 2021 | - | Director |
| Mr Michael Steed | England | 71 years | Sep 2021 | - | Director |
| Mrs Francesca McClory | England | 40 years | Sep 2022 | - | Director |
| Mr Christopher Argent | England | 52 years | Sep 2022 | - | Director |
| Miss Rachel Harris | England | 31 years | Sep 2022 | - | Director |
| Miss Rebekah Glover | United Kingdom | 33 years | Sep 2022 | - | Director |
P&L
March 2024turnover
33.5m
+3%
operating profit
-1.8m
0%
gross margin
74.2%
+1.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
33.2m
-0.04%
total assets
50.3m
-0.02%
cash
13.7m
+0.13%
net assets
Total assets minus all liabilities
the association of accounting technicians company details
company number
01518983
Type
Private Ltd By Guarantee w/o Share Cap
industry
94120 - Activities of professional membership organisations
incorporation date
September 1980
age
45
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
association of accounting technicians limited(the) (December 1989)
accountant
-
auditor
RSM UK AUDIT LLP
address
30 churchill place, london, E14 5RE
Bank
LLOYDS TSB BANK PLC
Legal Advisor
EDWIN COE LLP
the association of accounting technicians Charges & Mortgages
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 found 1 charges/mortgages relating to the association of accounting technicians. Currently there are 0 open charges and 1 have been satisfied in the past.
the association of accounting technicians Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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the association of accounting technicians Companies House Filings - See Documents
| date | description | view/download |
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