Safetax Limited

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safetax limited Company Information

Live (In Liquidation)

MatureMicroDeclining

Company Number

03225918

Next Accounts

2406 days late

Industry

Accounting, and auditing activities

Directors

Ian Beech

Shareholders

ian beech

lynda beech

Group Structure

View All

Contact

Registered Address

station house midland drive, sutton coldfield, west midlands, B72 1TU

Website

safetax limited Estimated Valuation

£28

Pomanda estimates the enterprise value of SAFETAX LIMITED at £28 based on a Turnover of £36 and 0.79x industry multiple (adjusted for size and gross margin).

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Safetax Limited is a live company located in west midlands, B72 1TU with a Companies House number of 03225918. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 1996, it's largest shareholder is ian beech with a 87.9% stake. Safetax Limited is a mature, micro sized company, Pomanda has estimated its turnover at £36.6 with declining growth in recent years.

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Pomanda's financial health check has awarded Safetax Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £36.6, make it smaller than the average company (£104.7k)

Growth

3 year (CAGR) sales growth of -93%, show it is growing at a slower rate (5.1%)

EXPORT

Safetax Limited's latest turnover from July 2016 is estimated at £37 and the company has net assets of £7. According to their latest financial statements, we estimate that Safetax Limited has 1 employee and maintains cash reserves of £414 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2016	Jul 2015	Aug 2014	Oct 2013	Oct 2012	Apr 2011	Apr 2010
Turnover	37	65	59,671	104,398	185,590	357	19,511
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	16	30	21,056	36,392	72,240	127	7,743
Gross Profit	21	35	38,615	68,006	113,350	230	11,767
Admin Expenses	23	863	85,087	25,604	96,489	-589	12,705
Operating Profit	-2	-828	-46,472	42,402	16,861	819	-938
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	2	8	232	1,204	979	0	0
Pre-Tax Profit	0	-820	-46,240	43,606	17,839	819	-938
Tax	0	0	0	-10,029	-4,281	-213	0
Profit After Tax	0	-820	-46,240	33,577	13,558	606	-938
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	0	-820	-46,240	33,577	13,558	606	-938
Employee Costs	30,027	28,773	30,174	55,479	53,136	27,306	21,461
Number Of Employees	1	1	1	2	2	1	1
EBITDA*	-2	-828	-46,327	42,490	16,979	819	-938

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2016	Jul 2015	Aug 2014	Oct 2013	Oct 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	0	264	352	0	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	264	352	0	0
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	0	0	15,000	28,333	44,760	92	4,511
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	414	480	2,661	90,226	391,502	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	414	480	17,661	118,559	436,262	92	4,511
total assets	414	480	17,661	118,823	436,614	92	4,511
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	407	473	16,834	71,756	423,124	160	5,185
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	407	473	16,834	71,756	423,124	160	5,185
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0
total liabilities	407	473	16,834	71,756	423,124	160	5,185
net assets	7	7	827	47,067	13,490	-68	-674
total shareholders funds	7	7	827	47,067	13,490	-68	-674

	Jul 2016	Jul 2015	Aug 2014	Oct 2013	Oct 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-2	-828	-46,472	42,402	16,861	819	-938
Depreciation	0	0	145	88	118	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	0	0	-10,029	-4,281	-213	0
Stock	0	0	0	0	0	0	0
Debtors	0	-15,000	-13,333	-16,427	44,668	-4,419	4,511
Creditors	-66	-16,361	-54,922	-351,368	422,964	-5,025	5,185
Accruals and Deferred Income	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	-68	-2,189	-87,916	-302,480	390,994	0	-264
Investing Activities
capital expenditure	0	0	119	0	-470	0	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	0	0	119	0	-470	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	264
interest	2	8	232	1,204	979	0	0
cash flow from financing	2	8	232	1,204	979	0	264
cash and cash equivalents
cash	-66	-2,181	-87,565	-301,276	391,502	0	0
overdraft	0	0	0	0	0	0	0
change in cash	-66	-2,181	-87,565	-301,276	391,502	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for safetax limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in B72 area or any other competitors across 12 key performance metrics.

SAFETAX LIMITED group structure

Safetax Limited has no subsidiary companies.

Ultimate parent company

SAFETAX LIMITED

03225918

SAFETAX LIMITED Shareholders

ian beech	87.88%
lynda beech	12.12%

Safetax Limited currently has 1 director, Mr Ian Beech serving since Feb 1997.

officer	country	age	start	end	role
Mr Ian Beech		65 years	Feb 1997	-	Director

P&L

July 2016

turnover

36.6

-43%

operating profit

-2.2

gross margin

56.2%

+4.22%

turnover

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

Balance Sheet

July 2016

net assets

total assets

414

-0.14%

cash

414

-0.14%

net assets

Total assets minus all liabilities

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company number

03225918

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

July 1996

ultimate parent company

None

previous names

N/A

address

station house midland drive, sutton coldfield, west midlands, B72 1TU

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 safetax limited. Currently there are 0 open charges and 1 have been satisfied in the past.

safetax limited Company Information

safetax limited Estimated Valuation

safetax limited Estimated Valuation

safetax limited Estimated Valuation

Safetax Limited Overview

Safetax Limited Health Check

SAFETAX LIMITED financials

safetax limited Credit Report and Business Information

Safetax Limited Competitor Analysis

safetax limited Ownership

safetax limited directors

safetax limited company details

safetax limited Charges & Mortgages

safetax limited Companies House Filings - See Documents