Ecit Accountants Limited

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ecit accountants limited Company Information

Live

MatureSmallHealthy

Company Number

02061318

Website

www.palmerston.co.uk

Registered Address

palmerston house, 814 brighton road, purley, surrey, CR8 2BR

Industry

Management consultancy activities (other than financial management)

Telephone

02086558500

Next Accounts Due

September 2025

Group Structure

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Directors

Antony Hawker32 Years

Kevin Moss10 Years

View All

Shareholders

interpalm group limited 100%

ecit accountants limited Estimated Valuation

£590.2k

Pomanda estimates the enterprise value of ECIT ACCOUNTANTS LIMITED at £590.2k based on a Turnover of £940.4k and 0.63x industry multiple (adjusted for size and gross margin).

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Ecit Accountants Limited is a live company located in purley, CR8 2BR with a Companies House number of 02061318. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in October 1986, it's largest shareholder is interpalm group limited with a 100% stake. Ecit Accountants Limited is a mature, small sized company, Pomanda has estimated its turnover at £940.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Ecit Accountants Limited 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

Health Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £940.4k, make it larger than the average company (£494.5k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.2%)

EXPORT

Ecit Accountants Limited's latest turnover from December 2023 is estimated at £940.4 thousand and the company has net assets of £154.1 thousand. According to their latest financial statements, Ecit Accountants Limited has 26 employees and maintains cash reserves of £364.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Jun 2011	Jun 2010
Turnover	940,367	799,585	680,015	787,105	883,265	892,736	997,740	944,122	991,549	427,071	1,089,257	1,284,103	1,050,850	1,031,942
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	420,308	376,298	329,014	368,124	412,770	393,874	333,830	328,815	341,662	157,255	351,386	410,209	316,361	307,123
Gross Profit	520,058	423,287	351,001	418,980	470,495	498,862	663,910	615,307	649,887	269,816	737,871	873,893	734,489	724,819
Admin Expenses	496,912	416,342	322,083	411,235	445,661	627,881	495,608	598,706	650,141	328,122	711,340	913,630	636,448	704,603
Operating Profit	23,146	6,945	28,918	7,745	24,834	-129,019	168,302	16,601	-254	-58,306	26,531	-39,737	98,041	20,216
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,886	5,396	299	364	4,600	4,167	1,128	962	1,248	299	117	401	513	184
Pre-Tax Profit	36,032	12,341	29,217	8,109	29,433	-124,852	169,430	17,563	994	-58,007	26,648	-39,336	98,554	20,400
Tax	-9,008	-2,345	-5,551	-1,541	-5,592	0	-32,192	-3,512	-199	0	-6,129	0	-25,624	-5,712
Profit After Tax	27,024	9,996	23,666	6,568	23,841	-124,852	137,238	14,050	795	-58,007	20,519	-39,336	72,930	14,688
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	27,024	9,996	23,666	6,568	23,841	-124,852	137,238	14,050	795	-58,007	20,519	-39,336	72,930	14,688
Employee Costs	1,270,394	1,104,003	1,007,279	1,068,800	1,129,921	1,243,149	1,114,975	1,240,000	366,333	209,996	462,779	536,670	439,714	436,743
Number Of Employees	26	23	21	24	23	23	26	24	7	4	9	10	9	9
EBITDA*	33,403	17,601	33,341	8,813	26,130	-127,010	170,286	18,929	2,486	-55,082	28,974	-37,326	99,770	22,244

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Jun 2011	Jun 2010
Tangible Assets	20,120	28,677	39,333	15,655	7,134	8,430	11,215	13,199	15,527	18,267	21,491	10,895	9,806	11,535
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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	20,120	28,677	39,333	15,655	7,134	8,430	11,215	13,199	15,527	18,267	21,491	10,895	9,806	11,535
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	24,945	11,342	9,965	16,016	28,256	16,129	59,490	34,006	105,902	53,828	183,322	206,005	165,766	161,539
Group Debtors	18,255	101,607	96,644	87,608	97,918	86,224	101,157	135,133	0	0	0	0	0	0
Misc Debtors	60,240	52,439	53,887	49,965	48,071	80,293	107,944	30,289	0	0	0	0	0	0
Cash	364,796	150,660	157,675	81,727	646,059	580,482	530,721	371,473	398,064	101,202	18,267	28,604	131,810	73,428
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	468,236	316,048	318,171	235,316	820,304	763,128	799,312	570,901	503,966	155,030	201,589	234,609	297,576	234,967
total assets	488,356	344,725	357,504	250,971	827,438	771,558	810,527	584,100	519,493	173,297	223,080	245,504	307,382	246,502
Bank overdraft	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
Trade Creditors	22,250	22,608	20,183	23,461	30,292	23,604	32,665	21,237	479,674	133,713	124,429	169,986	192,637	204,312
Group/Directors Accounts	0	0	0	0	2,373	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0
other current liabilities	306,956	187,891	212,784	126,894	701,924	679,016	584,549	502,311	0	0	0	0	0	0
total current liabilities	329,206	210,499	232,967	150,355	734,589	702,620	617,214	523,548	479,674	133,713	124,429	169,986	192,637	204,312
loans	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
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	5,030	7,130	7,437	7,182	5,983	5,913	5,436	9,913	3,220	3,780	4,840	2,226	2,117	2,492
total long term liabilities	5,030	7,130	7,437	7,182	5,983	5,913	5,436	9,913	3,220	3,780	4,840	2,226	2,117	2,492
total liabilities	334,236	217,629	240,404	157,537	740,572	708,533	622,650	533,461	482,894	137,493	129,269	172,212	194,754	206,804
net assets	154,120	127,096	117,100	93,434	86,866	63,025	187,877	50,639	36,599	35,804	93,811	73,292	112,628	39,698
total shareholders funds	154,120	127,096	117,100	93,434	86,866	63,025	187,877	50,639	36,599	35,804	93,811	73,292	112,628	39,698

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	23,146	6,945	28,918	7,745	24,834	-129,019	168,302	16,601	-254	-58,306	26,531	-39,737	98,041	20,216
Depreciation	10,257	10,656	4,423	1,068	1,296	2,009	1,984	2,328	2,740	3,224	2,443	2,411	1,729	2,028
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,008	-2,345	-5,551	-1,541	-5,592	0	-32,192	-3,512	-199	0	-6,129	0	-25,624	-5,712
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-61,948	4,892	6,907	-20,656	-8,401	-85,945	69,163	93,526	52,074	-129,494	-22,683	40,239	4,227	161,539
Creditors	-358	2,425	-3,278	-6,831	6,688	-9,061	11,428	-458,437	345,961	9,284	-45,557	-22,651	-11,675	204,312
Accruals and Deferred Income	119,065	-24,893	85,890	-575,030	22,908	94,467	82,238	502,311	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,100	-307	255	1,199	70	477	-4,477	6,693	-560	-1,060	2,614	109	-375	2,492
Cash flow from operations	202,950	-12,411	103,750	-552,734	58,605	44,818	158,120	-27,542	295,614	82,636	2,585	-100,107	57,869	61,797
Investing Activities
capital expenditure	-1,700	0	-28,101	-9,589	0	776	0	0	0	0	-13,039	-3,500	0	-13,563
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,700	0	-28,101	-9,589	0	776	0	0	0	0	-13,039	-3,500	0	-13,563
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-2,373	2,373	0	0	0	0	0	0	0	0	0
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	0	0	0	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	-10	0	0	0	0	0	25,010
interest	12,886	5,396	299	364	4,600	4,167	1,128	962	1,248	299	117	401	513	184
cash flow from financing	12,886	5,396	299	-2,009	6,973	4,167	1,128	952	1,248	299	117	401	513	25,194
cash and cash equivalents
cash	214,136	-7,015	75,948	-564,332	65,577	49,761	159,248	-26,591	296,862	82,935	-10,337	-103,206	58,382	73,428
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	214,136	-7,015	75,948	-564,332	65,577	49,761	159,248	-26,591	296,862	82,935	-10,337	-103,206	58,382	73,428

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ECIT ACCOUNTANTS LIMITED group structure

Ecit Accountants Limited has no subsidiary companies.

Ultimate parent company

INTERPALM GROUP LIMITED

04772541

1 parent

ECIT ACCOUNTANTS LIMITED

02061318

ECIT ACCOUNTANTS LIMITED Shareholders

interpalm group limited

100%

Ecit Accountants Limited currently has 4 directors. The longest serving directors include Mr Antony Hawker (May 1992) and Mr Kevin Moss (Oct 2014).

officer	country	age	start	end	role
Mr Antony Hawker	United Kingdom	64 years	May 1992	-	Director
Mr Kevin Moss	England	51 years	Oct 2014	-	Director
Mr Martin Weston	United Kingdom	55 years	Jan 2015	-	Director
Mr Peter Lauring		65 years	Jul 2018	-	Director

P&L

December 2023

turnover

940.4k

+18%

operating profit

23.1k

gross margin

55.4%

+4.47%

turnover

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

Balance Sheet

December 2023

net assets

154.1k

+0.21%

total assets

488.4k

+0.42%

cash

364.8k

+1.42%

net assets

Total assets minus all liabilities

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company number

02061318

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

October 1986

ultimate parent company

INTERPALM GROUP LIMITED

previous names

palmerston limited (November 2020)

palmerston management services limited (September 2001)

address

palmerston house, 814 brighton road, purley, surrey, CR8 2BR

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 4 charges/mortgages relating to ecit accountants limited. Currently there are 0 open charges and 4 have been satisfied in the past.

ecit accountants limited Company Information

ecit accountants limited Estimated Valuation

ecit accountants limited Estimated Valuation

ecit accountants limited Estimated Valuation

Ecit Accountants Limited Overview

Ecit Accountants Limited Health Check

ECIT ACCOUNTANTS LIMITED financials

ecit accountants limited Credit Report and Business Information

Ecit Accountants Limited Competitor Analysis

ecit accountants limited Ownership

ecit accountants limited directors

ecit accountants limited company details

ecit accountants limited Charges & Mortgages

ecit accountants limited Companies House Filings - See Documents