Paperchase Accountancy Limited

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paperchase accountancy limited Company Information

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Company Number

02373033

Website

http://pchase.co.uk

Registered Address

the courtyard 14a sydenham road, croydon, CR0 2EE

Industry

Bookkeeping activities

Telephone

02086337700

Next Accounts Due

December 2024

Group Structure

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Directors

Simon Binder2 Years

Nishit Patel2 Years

Shareholders

paperchase group ltd 100%

paperchase accountancy limited Estimated Valuation

£14m

Pomanda estimates the enterprise value of PAPERCHASE ACCOUNTANCY LIMITED at £14m based on Net Assets of £3.2m and 4.33x industry multiple (adjusted for liquidity).

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Paperchase Accountancy Limited is a live company located in croydon, CR0 2EE with a Companies House number of 02373033. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in April 1989, it's largest shareholder is paperchase group ltd with a 100% stake. Paperchase Accountancy Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Paperchase Accountancy Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

3 Regular

0 Weak

Size

annual sales of £2.6m, make it larger than the average company (£83.2k)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.7%)

EXPORT

Paperchase Accountancy Limited's latest turnover from March 2023 is estimated at £2.6 million and the company has net assets of £3.2 million. According to their latest financial statements, Paperchase Accountancy Limited has 51 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	2,575,490	1,625,791	1,264,055	1,789,017	1,882,157	1,968,109	1,367,196	1,334,446	7,447,449	9,873,525	4,314,467	5,244,763	2,478,394	2,653,583
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	659,046	350,943	101,549	255,529	99,205	103,804	93,294	64,401	569,929	617,567	386,744	491,536	445,984	155,551
Gross Profit	1,916,444	1,274,847	1,162,506	1,533,488	1,782,952	1,864,305	1,273,902	1,270,045	6,877,520	9,255,959	3,927,723	4,753,227	2,032,411	2,498,032
Admin Expenses	823,205	269,435	664,441	1,959,985	1,745,518	2,031,562	939,812	1,417,949	6,136,300	8,428,751	3,995,043	4,356,626	2,047,045	2,281,560
Operating Profit	1,093,239	1,005,412	498,065	-426,497	37,434	-167,257	334,090	-147,904	741,220	827,208	-67,320	396,601	-14,634	216,472
Interest Payable	111,758	86,758	42,117	1,999	2,507	2,876	3,336	1,882	0	0	0	0	0	0
Interest Receivable	92,730	20,347	1,966	2,122	16,796	8,468	4,217	7,606	6,708	4,389	2,852	2,412	1,551	632
Pre-Tax Profit	1,074,211	939,001	457,914	-426,374	51,723	-161,665	334,972	-142,179	747,929	831,596	-64,468	399,013	-13,083	217,104
Tax	-204,100	-178,410	-87,004	0	-9,827	0	-63,645	0	-149,586	-174,635	0	-95,763	0	-60,789
Profit After Tax	870,111	760,591	370,910	-426,374	41,896	-161,665	271,327	-142,179	598,343	656,961	-64,468	303,250	-13,083	156,315
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	870,111	760,591	370,910	-426,374	41,896	-161,665	271,327	-142,179	598,343	656,961	-64,468	303,250	-13,083	156,315
Employee Costs	782,612	786,250	793,702	721,899	1,029,672	1,548,119	1,756,709	934,739	7,387,710	7,416,204	3,839,221	3,799,563	771,420	700,700
Number Of Employees	51	50	52	54	72	69	69	40	243	331	114	116	60	66
EBITDA*	1,116,922	1,027,211	519,576	-398,457	105,890	-63,838	509,417	-95,964	791,050	857,810	-22,019	435,762	13,982	243,498

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	141,560	313,723	333,573	355,084	400,670	449,695	549,010	370,844	408,717	330,359	245,924	259,476	228,328	221,974
Intangible Assets	0	0	0	0	28,500	0	0	0	0	0	0	0	0	0
Investments & Other	80	0	54,815	37,580	61,077	68,162	71,483	55,113	17,847	17,847	14,108	14,108	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	141,640	313,723	388,388	392,664	490,247	517,857	620,493	425,957	426,564	348,206	260,032	273,584	228,328	221,974
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	588,093	326,641	273,135	317,535	252,209	270,164	125,860	167,464	1,114,401	1,011,394	476,233	511,179	331,580	340,415
Group Debtors	2,738,919	573,193	1,218,903	429,362	324,776	472,357	726,634	743,175	0	0	0	0	0	0
Misc Debtors	291,762	863,039	369,309	392,119	181,309	149,246	168,628	103,787	10,507	0	0	0	0	0
Cash	1,521,172	2,842,569	2,583,332	1,349,569	2,894,556	1,584,421	1,802,655	1,571,067	1,471,505	1,211,842	543,622	597,034	367,837	252,671
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,139,946	4,605,442	4,444,679	2,488,585	3,652,850	2,476,188	2,823,777	2,585,493	2,596,413	2,223,236	1,019,855	1,108,213	699,417	593,086
total assets	5,281,586	4,919,165	4,833,067	2,881,249	4,143,097	2,994,045	3,444,270	3,011,450	3,022,977	2,571,442	1,279,887	1,381,797	927,745	815,060
Bank overdraft	285,029	275,608	135,000	30,901	12,858	8,568	8,568	8,568	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	145,932	152,121	179,232	171,349	1,664,800	578,393	563,876	598,943	1,291,971	1,379,054	812,262	841,195	681,909	547,713
Group/Directors Accounts	171,282	34,591	153,717	387,726	154,967	105,295	87,280	29,380	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	6,628	13,256	13,256	25,480	0	0	0	0	0	0
other current liabilities	709,343	1,086,956	1,408,237	988,161	595,825	599,439	898,065	758,014	0	0	0	0	0	0
total current liabilities	1,311,586	1,549,276	1,876,186	1,578,137	2,435,078	1,304,951	1,571,045	1,420,385	1,291,971	1,379,054	812,262	841,195	681,909	547,713
loans	675,000	945,000	1,215,000	0	21,788	31,068	40,278	49,329	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	6,628	19,884	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	36,589	36,589	114,172	49,950	0	0	0	0	83,688	143,413	75,611	84,120	92,604	101,032
provisions	26,476	26,476	26,476	22,839	29,534	36,597	36,597	36,597	0	0	0	0	0	0
total long term liabilities	738,065	1,008,065	1,355,648	72,789	51,322	74,293	96,759	85,926	83,688	143,413	75,611	84,120	92,604	101,032
total liabilities	2,049,651	2,557,341	3,231,834	1,650,926	2,486,400	1,379,244	1,667,804	1,506,311	1,375,659	1,522,467	887,873	925,315	774,513	648,745
net assets	3,231,935	2,361,824	1,601,233	1,230,323	1,656,697	1,614,801	1,776,466	1,505,139	1,647,318	1,048,975	392,014	456,482	153,232	166,315
total shareholders funds	3,231,935	2,361,824	1,601,233	1,230,323	1,656,697	1,614,801	1,776,466	1,505,139	1,647,318	1,048,975	392,014	456,482	153,232	166,315

	Mar 2023	Mar 2022	Mar 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	1,093,239	1,005,412	498,065	-426,497	37,434	-167,257	334,090	-147,904	741,220	827,208	-67,320	396,601	-14,634	216,472
Depreciation	23,683	21,799	21,511	28,040	58,956	103,419	175,327	51,940	49,830	30,602	45,301	39,161	28,616	27,026
Amortisation	0	0	0	0	9,500	0	0	0	0	0	0	0	0	0
Tax	-204,100	-178,410	-87,004	0	-9,827	0	-63,645	0	-149,586	-174,635	0	-95,763	0	-60,789
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,855,901	-98,474	722,331	380,722	-133,473	-129,355	6,696	-110,482	113,514	535,161	-34,946	179,599	-8,835	340,415
Creditors	-6,189	-27,111	7,883	-1,493,451	1,086,407	14,517	-35,067	-693,028	-87,083	566,792	-28,933	159,286	134,196	547,713
Accruals and Deferred Income	-377,613	-321,281	420,076	392,336	-3,614	-298,626	140,051	758,014	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	3,637	-6,695	-7,063	0	0	36,597	0	0	0	0	0	0
Cash flow from operations	-1,326,881	598,883	141,837	-1,886,989	1,305,266	-218,592	544,060	116,101	440,867	714,806	-16,006	319,686	157,013	390,007
Investing Activities
capital expenditure	148,480	-1,949	0	46,046	-47,931	-4,104	-353,493	-14,067	-128,188	-115,037	-31,749	-70,309	-34,970	-249,000
Change in Investments	80	-54,815	17,235	-23,497	-7,085	-3,321	16,370	37,266	0	3,739	0	14,108	0	0
cash flow from investments	148,400	52,866	-17,235	69,543	-40,846	-783	-369,863	-51,333	-128,188	-118,776	-31,749	-84,417	-34,970	-249,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	136,691	-119,126	-234,009	232,759	49,672	18,015	57,900	29,380	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	-270,000	-270,000	1,215,000	-21,788	-9,280	-9,210	-9,051	49,329	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-6,628	-13,256	-13,256	7,660	25,480	0	0	0	0	0	0
other long term liabilities	0	-77,583	64,222	49,950	0	0	0	-83,688	-59,725	67,802	-8,509	-8,484	-8,428	101,032
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-19,028	-66,411	-40,151	123	14,289	5,592	881	5,724	6,708	4,389	2,852	2,412	1,551	632
cash flow from financing	-152,337	-533,120	1,005,062	254,416	41,425	1,141	57,390	26,225	-53,017	72,191	-5,657	-6,072	-6,877	111,664
cash and cash equivalents
cash	-1,321,397	259,237	1,233,763	-1,544,987	1,310,135	-218,234	231,588	99,562	259,663	668,220	-53,412	229,197	115,166	252,671
overdraft	9,421	140,608	104,099	18,043	4,290	0	0	8,568	0	0	0	0	0	0
change in cash	-1,330,818	118,629	1,129,664	-1,563,030	1,305,845	-218,234	231,588	90,994	259,663	668,220	-53,412	229,197	115,166	252,671

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PAPERCHASE ACCOUNTANCY LIMITED group structure

Paperchase Accountancy Limited has no subsidiary companies.

Ultimate parent company

COURTYARD SERVICES LIMITED

14084281

PAPERCHASE GROUP LTD

06542730

2 parents

PAPERCHASE ACCOUNTANCY LIMITED

02373033

PAPERCHASE ACCOUNTANCY LIMITED Shareholders

paperchase group ltd

100%

Paperchase Accountancy Limited currently has 2 directors. The longest serving directors include Mr Simon Binder (Sep 2022) and Mr Nishit Patel (Sep 2022).

officer	country	age	start	end	role
Mr Simon Binder	England	69 years	Sep 2022	-	Director
Mr Nishit Patel	England	42 years	Sep 2022	-	Director

P&L

March 2023

turnover

2.6m

+58%

operating profit

1.1m

gross margin

74.5%

-5.11%

turnover

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

Balance Sheet

March 2023

net assets

3.2m

+0.37%

total assets

5.3m

+0.07%

cash

1.5m

-0.46%

net assets

Total assets minus all liabilities

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company number

02373033

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

April 1989

ultimate parent company

COURTYARD SERVICES LIMITED

previous names

N/A

address

the courtyard 14a sydenham road, croydon, CR0 2EE

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 3 charges/mortgages relating to paperchase accountancy limited. Currently there are 1 open charges and 2 have been satisfied in the past.

paperchase accountancy limited Company Information

paperchase accountancy limited Estimated Valuation

paperchase accountancy limited Estimated Valuation

paperchase accountancy limited Estimated Valuation

Paperchase Accountancy Limited Overview

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PAPERCHASE ACCOUNTANCY LIMITED financials

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