tax innovations limited
tax innovations limited Company Information
Company Number
03062165
Next Accounts
Dec 2025
Industry
Tax consultancy
Directors
Shareholders
mr simon edward griffiths
Group Structure
View All
Contact
Registered Address
innovations house, 19 staple gardens, winchester, hampshire, SO23 8SR
Website
www.taxinnovations.comtax innovations limited Estimated Valuation
Pomanda estimates the enterprise value of TAX INNOVATIONS LIMITED at £1.3m based on a Turnover of £1.3m and 0.98x industry multiple (adjusted for size and gross margin).
tax innovations limited Estimated Valuation
Pomanda estimates the enterprise value of TAX INNOVATIONS LIMITED at £0 based on an EBITDA of £-316.1k and a 3.86x industry multiple (adjusted for size and gross margin).
tax innovations limited Estimated Valuation
Pomanda estimates the enterprise value of TAX INNOVATIONS LIMITED at £2.4m based on Net Assets of £746.1k and 3.18x industry multiple (adjusted for liquidity).
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Tax Innovations Limited Overview
Tax Innovations Limited is a live company located in winchester, SO23 8SR with a Companies House number of 03062165. It operates in the tax consultancy sector, SIC Code 69203. Founded in May 1995, it's largest shareholder is mr simon edward griffiths with a 100% stake. Tax Innovations Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.
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Tax Innovations Limited Health Check
Pomanda's financial health check has awarded Tax Innovations 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £1.3m, make it larger than the average company (£197.8k)
- Tax Innovations Limited
£197.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (12.6%)
- Tax Innovations Limited
12.6% - Industry AVG
Production
with a gross margin of 41.5%, this company has a higher cost of product (81.9%)
- Tax Innovations Limited
81.9% - Industry AVG
Profitability
an operating margin of -24.7% make it less profitable than the average company (6.6%)
- Tax Innovations Limited
6.6% - Industry AVG
Employees
with 32 employees, this is above the industry average (4)
32 - Tax Innovations Limited
4 - Industry AVG
Pay Structure
on an average salary of £52.4k, the company has an equivalent pay structure (£52.4k)
- Tax Innovations Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £41.1k, this is less efficient (£87.7k)
- Tax Innovations Limited
£87.7k - Industry AVG
Debtor Days
it gets paid by customers after 173 days, this is later than average (77 days)
- Tax Innovations Limited
77 days - Industry AVG
Creditor Days
its suppliers are paid after 127 days, this is slower than average (30 days)
- Tax Innovations Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tax Innovations Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (20 weeks)
14 weeks - Tax Innovations Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.2%, this is a similar level of debt than the average (54.6%)
55.2% - Tax Innovations Limited
54.6% - Industry AVG
TAX INNOVATIONS LIMITED financials
Tax Innovations Limited's latest turnover from March 2024 is estimated at £1.3 million and the company has net assets of £746.1 thousand. According to their latest financial statements, Tax Innovations Limited has 32 employees and maintains cash reserves of £73 thousand 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 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,340,141 | 1,154,040 | 1,276,886 | 915,741 | 946,980 | 1,314,442 | 736,856 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 30,914 | 5,122 | 6,310 | -7,000 | -20,000 | -30,000 | -15,000 | ||||||||
| Gross Profit | 1,309,227 | 1,148,918 | 1,270,576 | 922,741 | 966,980 | 1,344,442 | 751,856 | ||||||||
| Admin Expenses | 1,042,429 | 784,322 | 825,904 | 944,630 | 748,641 | 1,065,123 | 445,044 | ||||||||
| Operating Profit | 266,798 | 364,596 | 444,672 | -21,889 | 218,339 | 279,319 | 306,812 | ||||||||
| Interest Payable | 40,703 | 10,066 | 33,106 | 37,377 | 27,141 | 38,920 | 23,273 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | 226,095 | 354,530 | 411,566 | -59,266 | 191,198 | 240,399 | 283,539 | ||||||||
| Tax | -14,341 | -58,358 | -52,481 | -7,534 | -43,647 | -64,272 | -32,614 | ||||||||
| Profit After Tax | 211,754 | 296,172 | 359,085 | -66,800 | 147,551 | 176,127 | 250,925 | ||||||||
| Dividends Paid | 0 | 200,000 | 200,000 | 0 | 0 | 180,000 | 160,000 | ||||||||
| Retained Profit | 211,754 | 96,172 | 159,085 | -66,800 | 147,551 | -3,873 | 90,925 | ||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 32 | 30 | 24 | 20 | 21 | 16 | 15 | ||||||||
| EBITDA* | 278,472 | 546,641 | 469,195 | -5,242 | 235,355 | 305,540 | 325,732 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 965,058 | 973,426 | 976,863 | 981,896 | 983,966 | 975,665 | 783,843 | 808,367 | 802,996 | 819,159 | 734,007 | 760,228 | 778,176 | 795,430 | 811,378 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 965,058 | 973,426 | 976,863 | 981,896 | 983,966 | 975,665 | 783,843 | 808,367 | 802,996 | 819,159 | 734,007 | 760,228 | 778,176 | 795,430 | 811,378 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115,000 | 112,000 | 105,000 | 85,000 | 55,000 | 40,000 | 35,175 | 33,500 |
| Trade Debtors | 626,480 | 462,730 | 403,333 | 280,578 | 221,495 | 336,798 | 163,568 | 339,511 | 476,550 | 434,815 | 69,064 | 220,659 | 165,204 | 164,623 | 192,195 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 156,719 | 250,389 | 675,273 | 0 | 0 | 0 | 241,453 | 196,697 | 0 | 0 | 0 |
| Cash | 72,989 | 203,703 | 125,403 | 139,669 | 27,309 | 0 | 0 | 0 | 102,937 | 0 | 148 | 100 | 44 | 53 | 249 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,028 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 699,469 | 666,433 | 528,736 | 420,247 | 405,523 | 587,187 | 839,869 | 454,511 | 691,487 | 539,815 | 395,665 | 472,456 | 205,248 | 199,851 | 225,944 |
| total assets | 1,664,527 | 1,639,859 | 1,505,599 | 1,402,143 | 1,389,489 | 1,562,852 | 1,623,712 | 1,262,878 | 1,494,483 | 1,358,974 | 1,129,672 | 1,232,684 | 983,424 | 995,281 | 1,037,322 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 55,014 | 65,082 | 0 | 0 | 0 | 210,869 | 118,642 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 92,842 |
| Trade Creditors | 268,719 | 254,844 | 231,011 | 224,203 | 44,281 | 62,262 | 38,705 | 419,149 | 871,037 | 574,604 | 26,166 | 27,172 | 404,235 | 347,567 | 27,676 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 66,957 | 102,750 | 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 | 0 | 0 | 0 | 0 | 297,237 | 329,020 | 478,849 | 0 | 0 | 0 | 305,930 | 413,408 | 0 | 0 | 297,380 |
| total current liabilities | 268,719 | 254,844 | 231,011 | 224,203 | 341,518 | 513,253 | 685,386 | 419,149 | 871,037 | 574,604 | 542,965 | 559,222 | 404,235 | 347,567 | 417,898 |
| loans | 0 | 0 | 0 | 0 | 326,546 | 339,928 | 324,827 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 529,762 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 649,728 | 321,688 | 345,038 | 359,983 | 0 | 0 | 0 | 389,315 | 391,511 | 397,254 | 395,546 | 478,428 | 475,080 | 504,371 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 649,728 | 321,688 | 345,038 | 359,983 | 326,546 | 339,928 | 324,827 | 389,315 | 391,511 | 397,254 | 395,546 | 478,428 | 475,080 | 504,371 | 529,762 |
| total liabilities | 918,447 | 576,532 | 576,049 | 584,186 | 668,064 | 853,181 | 1,010,213 | 808,464 | 1,262,548 | 971,858 | 938,511 | 1,037,650 | 879,315 | 851,938 | 947,660 |
| net assets | 746,080 | 1,063,327 | 929,550 | 817,957 | 721,425 | 709,671 | 613,499 | 454,414 | 231,935 | 387,116 | 191,161 | 195,034 | 104,109 | 143,343 | 89,662 |
| total shareholders funds | 746,080 | 1,063,327 | 929,550 | 817,957 | 721,425 | 709,671 | 613,499 | 454,414 | 231,935 | 387,116 | 191,161 | 195,034 | 104,109 | 143,343 | 89,662 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 266,798 | 364,596 | 444,672 | -21,889 | 218,339 | 279,319 | 306,812 | ||||||||
| Depreciation | 8,368 | 9,600 | 6,056 | 8,631 | 11,674 | 182,045 | 24,523 | 17,529 | 16,647 | 17,016 | 26,221 | 18,920 | 18,597 | 18,712 | 17,383 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -14,341 | -58,358 | -52,481 | -7,534 | -43,647 | -64,272 | -32,614 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -115,000 | 3,000 | 7,000 | 20,000 | 85,000 | 15,000 | 4,825 | 1,675 | 33,500 |
| Debtors | 163,750 | 59,397 | 122,755 | -97,636 | -208,973 | -251,654 | 499,330 | -137,039 | 41,735 | 124,298 | 310,517 | 252,152 | 581 | -27,572 | 192,195 |
| Creditors | 13,875 | 23,833 | 6,808 | 179,922 | -17,981 | 23,557 | -380,444 | -451,888 | 296,433 | 548,438 | 26,166 | -377,063 | 56,668 | 319,891 | 27,676 |
| Accruals and Deferred Income | 0 | 0 | 0 | -297,237 | -31,783 | -149,829 | 478,849 | 0 | 0 | -305,930 | 305,930 | 413,408 | 0 | -297,380 | 297,380 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 423,340 | 613,665 | 130,789 | 234,922 | 289,918 | 177,847 | 62,311 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -92,842 | 92,842 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -66,957 | -35,793 | 102,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -326,546 | -13,382 | 15,101 | 324,827 | 0 | 0 | 0 | 0 | 0 | 0 | -529,762 | 529,762 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 328,040 | -23,350 | -14,945 | 359,983 | 0 | 0 | -389,315 | -2,196 | -5,743 | 1,708 | 395,546 | 3,348 | -29,291 | 504,371 | 0 |
| share issue | |||||||||||||||
| interest | -40,703 | -10,066 | -33,106 | -37,377 | -27,141 | -38,920 | -23,273 | ||||||||
| cash flow from financing | -321,042 | -30,758 | 5,156 | -131,501 | 22,971 | 551,660 | -19,925 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -130,714 | 78,300 | -14,266 | 112,360 | 27,309 | 0 | 0 | -102,937 | 102,937 | -148 | 148 | 56 | -9 | -196 | 249 |
| overdraft | 0 | 0 | 0 | 0 | -55,014 | -10,068 | 65,082 | 0 | 0 | -210,869 | 210,869 | 118,642 | 0 | 0 | 0 |
| change in cash | -130,714 | 78,300 | -14,266 | 112,360 | 82,323 | 10,068 | -65,082 | -102,937 | 102,937 | 210,721 | -210,721 | -118,586 | -9 | -196 | 249 |
tax innovations limited Credit Report and Business Information
Tax Innovations Limited Competitor Analysis
Perform a competitor analysis for tax innovations limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SO23 area or any other competitors across 12 key performance metrics.
tax innovations limited Ownership
TAX INNOVATIONS LIMITED group structure
Tax Innovations Limited has no subsidiary companies.
Ultimate parent company
TAX INNOVATIONS LIMITED
03062165
tax innovations limited directors
Tax Innovations Limited currently has 1 director, Mr Simon Griffiths serving since Jun 1995.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Griffiths | England | 67 years | Jun 1995 | - | Director |
P&L
March 2024turnover
1.3m
+23%
operating profit
-324.5k
0%
gross margin
41.5%
+1.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
746.1k
-0.3%
total assets
1.7m
+0.02%
cash
73k
-0.64%
net assets
Total assets minus all liabilities
tax innovations limited company details
company number
03062165
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
May 1995
age
29
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
innovations house, 19 staple gardens, winchester, hampshire, SO23 8SR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
tax innovations limited 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 6 charges/mortgages relating to tax innovations limited. Currently there are 2 open charges and 4 have been satisfied in the past.
tax innovations limited Companies House Filings - See Documents
| date | description | view/download |
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