Sullivans Associates Ltd

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sullivans associates ltd Company Information

Live

MatureSmallDeclining

Company Number

03295874

Website

www.sullivansaccountants.co.uk

Registered Address

13-14 gelliwastad road, pontypridd, mid glamorgan, CF37 2BW

Industry

Accounting, and auditing activities

Telephone

01443400049

Next Accounts Due

April 2025

Group Structure

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Directors

Nicholas Mahoney17 Years

David John17 Years

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Shareholders

nicholas paul mahoney 33.3%

priscilla mee hung teng 33.3%

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sullivans associates ltd Estimated Valuation

£965.1k

Pomanda estimates the enterprise value of SULLIVANS ASSOCIATES LTD at £965.1k based on Net Assets of £310.8k and 3.11x industry multiple (adjusted for liquidity).

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Sullivans Associates Ltd is a live company located in mid glamorgan, CF37 2BW with a Companies House number of 03295874. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 1996, it's largest shareholder is nicholas paul mahoney with a 33.3% stake. Sullivans Associates Ltd is a mature, small sized company, Pomanda has estimated its turnover at £835.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Sullivans Associates Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £835.7k, make it larger than the average company (£126.6k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.4%)

EXPORT

Sullivans Associates Ltd's latest turnover from July 2023 is estimated at £835.7 thousand and the company has net assets of £310.8 thousand. According to their latest financial statements, Sullivans Associates Ltd has 16 employees and maintains cash reserves of £237.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	835,714	786,325	766,204	988,601	758,610	726,536	712,205	1,172,432	1,924,684	1,643,366	1,541,602	1,709,783	1,593,124	1,689,870	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	210,492	267,571	247,999	313,131	95,382	60,650	46,387	85,504	257,795	145,612	142,794	214,050	132,348	146,788	0
Gross Profit	625,223	518,754	518,205	675,470	663,227	665,886	665,817	1,086,928	1,666,888	1,497,755	1,398,808	1,495,733	1,460,776	1,543,082	0
Admin Expenses	600,780	503,957	460,841	670,502	574,197	756,247	430,815	1,025,018	1,687,210	1,490,686	1,378,871	1,508,662	1,442,446	1,546,784	-6,115
Operating Profit	24,443	14,797	57,364	4,968	89,030	-90,361	235,002	61,910	-20,322	7,069	19,937	-12,929	18,330	-3,702	6,115
Interest Payable	2,521	5,135	5,973	3,050	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,926	3,192	239	171	875	591	302	526	538	543	476	486	661	544	165
Pre-Tax Profit	33,848	12,854	51,631	2,089	89,905	-89,770	235,304	62,436	-19,784	7,611	20,413	-12,443	18,991	-3,158	6,281
Tax	-8,462	-2,442	-9,810	-397	-17,082	0	-44,708	-12,487	0	-1,598	-4,695	0	-4,938	0	-1,759
Profit After Tax	25,386	10,412	41,821	1,692	72,823	-89,770	190,596	49,949	-19,784	6,013	15,718	-12,443	14,053	-3,158	4,522
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	25,386	10,412	41,821	1,692	72,823	-89,770	190,596	49,949	-19,784	6,013	15,718	-12,443	14,053	-3,158	4,522
Employee Costs	314,227	379,687	364,655	356,344	377,532	333,630	328,859	600,542	891,966	814,700	753,496	861,567	790,236	666,249	0
Number Of Employees	16	17	17	17	16	15	15	20	31	27	27	32	29	29	0
EBITDA*	26,453	16,875	59,843	6,880	93,145	-86,286	239,382	64,217	48,663	75,495	90,913	60,024	91,309	119,819	127,402

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	2,403	2,513	2,060	4,042	2,838	4,846	6,429	10,227	3,450	4,136	1,690	4,655	8,191	5,912	9,854
Intangible Assets	0	0	0	0	0	0	0	0	0	67,200	134,400	201,600	268,800	336,000	448,000
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	2,403	2,513	2,060	4,042	2,838	4,846	6,429	10,227	3,450	71,336	136,090	206,255	276,991	341,912	457,854
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	197,742	198,659	192,915	252,092	177,415	166,329	150,919	212,428	296,108	231,549	216,903	237,992	256,875	231,135	257,386
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	58,554	72,102	68,403	61,011	75,848	52,141	96,842	110,627	0	0	0	0	0	0	0
Cash	237,153	239,894	270,904	207,960	134,655	98,572	137,853	103,527	107,057	108,297	108,739	81,764	112,720	151,607	66,104
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	493,449	510,655	532,222	521,063	387,918	317,042	385,614	426,582	403,165	339,846	325,642	319,756	369,595	382,742	323,490
total assets	495,852	513,168	534,282	525,105	390,756	321,888	392,043	436,809	406,615	411,182	461,732	526,011	646,586	724,654	781,344
Bank overdraft	0	45,833	50,000	4,167	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	17,390	17,236	3,401	5,501	8,425	5,604	17,625	21,316	189,594	170,017	201,827	284,242	291,766	292,544	265,766
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	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	167,182	164,655	160,016	186,393	150,812	157,588	125,952	148,523	0	0	0	0	0	0	0
total current liabilities	184,572	227,724	213,417	196,061	159,237	163,192	143,577	169,839	189,594	170,017	201,827	284,242	291,766	292,544	265,766
loans	0	0	45,833	95,833	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	0	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	4,360	29,113	26,695	127,303	218,646	298,956
provisions	450	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	450	0	45,833	95,833	0	0	0	0	0	4,360	29,113	26,695	127,303	218,646	298,956
total liabilities	185,022	227,724	259,250	291,894	159,237	163,192	143,577	169,839	189,594	174,377	230,940	310,937	419,069	511,190	564,722
net assets	310,830	285,444	275,032	233,211	231,519	158,696	248,466	266,970	217,021	236,805	230,792	215,074	227,517	213,464	216,622
total shareholders funds	310,830	285,444	275,032	233,211	231,519	158,696	248,466	266,970	217,021	236,805	230,792	215,074	227,517	213,464	216,622

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	24,443	14,797	57,364	4,968	89,030	-90,361	235,002	61,910	-20,322	7,069	19,937	-12,929	18,330	-3,702	6,115
Depreciation	2,010	2,078	2,479	1,912	4,115	4,075	4,380	2,307	1,785	1,226	3,776	5,753	5,779	11,521	9,287
Amortisation	0	0	0	0	0	0	0	0	67,200	67,200	67,200	67,200	67,200	112,000	112,000
Tax	-8,462	-2,442	-9,810	-397	-17,082	0	-44,708	-12,487	0	-1,598	-4,695	0	-4,938	0	-1,759
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-14,465	9,443	-51,785	59,840	34,793	-29,291	-75,294	26,947	64,559	14,646	-21,089	-18,883	25,740	-26,251	257,386
Creditors	154	13,835	-2,100	-2,924	2,821	-12,021	-3,691	-168,278	19,577	-31,810	-82,415	-7,524	-778	26,778	265,766
Accruals and Deferred Income	2,527	4,639	-26,377	35,581	-6,776	31,636	-22,571	148,523	0	0	0	0	0	0	0
Deferred Taxes & Provisions	450	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	35,587	23,464	73,341	-20,700	37,315	-37,380	243,706	5,028	3,681	27,441	24,892	71,383	59,853	172,848	134,023
Investing Activities
capital expenditure	-1,900	-2,531	-497	-3,116	-2,107	-2,492	-582	-9,084	-1,099	-3,672	-811	-2,217	-8,058	-7,579	-579,141
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,900	-2,531	-497	-3,116	-2,107	-2,492	-582	-9,084	-1,099	-3,672	-811	-2,217	-8,058	-7,579	-579,141
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	0	0	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	-45,833	-50,000	95,833	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	0	0	0	0	0	0	-4,360	-24,753	2,418	-100,608	-91,343	-80,310	298,956
share issue	0	0	0	0	0	0	-209,100	0	0	0	0	0	0	0	212,100
interest	9,405	-1,943	-5,734	-2,879	875	591	302	526	538	543	476	486	661	544	165
cash flow from financing	9,405	-47,776	-55,734	92,954	875	591	-208,798	526	-3,822	-24,210	2,894	-100,122	-90,682	-79,766	511,221
cash and cash equivalents
cash	-2,741	-31,010	62,944	73,305	36,083	-39,281	34,326	-3,530	-1,240	-442	26,975	-30,956	-38,887	85,503	66,104
overdraft	-45,833	-4,167	45,833	4,167	0	0	0	0	0	0	0	0	0	0	0
change in cash	43,092	-26,843	17,111	69,138	36,083	-39,281	34,326	-3,530	-1,240	-442	26,975	-30,956	-38,887	85,503	66,104

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SULLIVANS ASSOCIATES LTD group structure

Sullivans Associates Ltd has 1 subsidiary company.

Ultimate parent company

SULLIVANS ASSOCIATES LTD

03295874

1 subsidiary

WIRESET LIMITED

05423424

SULLIVANS ASSOCIATES LTD Shareholders

nicholas paul mahoney	33.33%
priscilla mee hung teng	33.33%
david julian john	33.33%

Sullivans Associates Ltd currently has 3 directors. The longest serving directors include Mr Nicholas Mahoney (Aug 2007) and Mr David John (Aug 2007).

officer	age	start	end	role
Mr Nicholas Mahoney	50 years	Aug 2007	-	Director
Mr David John	58 years	Aug 2007	-	Director
Mrs Priscilla Teng	49 years	Aug 2007	-	Director

P&L

July 2023

turnover

835.7k

+6%

operating profit

24.4k

gross margin

74.9%

+13.4%

turnover

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

Balance Sheet

July 2023

net assets

310.8k

+0.09%

total assets

495.9k

-0.03%

cash

237.2k

-0.01%

net assets

Total assets minus all liabilities

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company number

03295874

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

December 1996

accounts

Total Exemption Full

ultimate parent company

None

previous names

carston business development ltd. (August 2007)

last accounts submitted

July 2023

address

13-14 gelliwastad road, pontypridd, mid glamorgan, CF37 2BW

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 sullivans associates ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

sullivans associates ltd Company Information

sullivans associates ltd Estimated Valuation

sullivans associates ltd Estimated Valuation

sullivans associates ltd Estimated Valuation

Sullivans Associates Ltd Overview

Sullivans Associates Ltd Health Check

SULLIVANS ASSOCIATES LTD financials

sullivans associates ltd Credit Report and Business Information

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sullivans associates ltd Ownership

sullivans associates ltd directors

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