direct accounting services limited
direct accounting services limited Company Information
Company Number
03334714
Website
www.directbusacc.co.ukRegistered Address
118-120 london road, mitcham, surrey, CR4 3LB
Industry
Bookkeeping activities
Telephone
01282902456
Next Accounts Due
October 2024
Group Structure
View All
Directors
Gerrard Love27 Years
Shareholders
sean love 50%
gerrard love 50%
direct accounting services limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT ACCOUNTING SERVICES LIMITED at £54.1k based on a Turnover of £73.7k and 0.73x industry multiple (adjusted for size and gross margin).
direct accounting services limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT ACCOUNTING SERVICES LIMITED at £0 based on an EBITDA of £-14.8k and a 3.25x industry multiple (adjusted for size and gross margin).
direct accounting services limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT ACCOUNTING SERVICES LIMITED at £0 based on Net Assets of £-63.7k and 4.37x industry multiple (adjusted for liquidity).
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Direct Accounting Services Limited Overview
Direct Accounting Services Limited is a dissolved company that was located in surrey, CR4 3LB with a Companies House number of 03334714. It operated in the bookkeeping activities sector, SIC Code 69202. Founded in March 1997, it's largest shareholder was sean love with a 50% stake. The last turnover for Direct Accounting Services Limited was estimated at £73.7k.
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Direct Accounting Services Limited Health Check
Pomanda's financial health check has awarded Direct Accounting Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
2 Weak
Size
annual sales of £73.7k, make it in line with the average company (£83.2k)
- Direct Accounting Services Limited
£83.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.7%)
- Direct Accounting Services Limited
4.7% - Industry AVG
Production
with a gross margin of 37.6%, this company has a higher cost of product (74.4%)
- Direct Accounting Services Limited
74.4% - Industry AVG
Profitability
an operating margin of -20% make it less profitable than the average company (8%)
- Direct Accounting Services Limited
8% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Direct Accounting Services Limited
2 - Industry AVG
Pay Structure
on an average salary of £15.2k, the company has an equivalent pay structure (£15.2k)
- Direct Accounting Services Limited
£15.2k - Industry AVG
Efficiency
resulting in sales per employee of £36.9k, this is equally as efficient (£41.6k)
- Direct Accounting Services Limited
£41.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Direct Accounting Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 505 days, this is slower than average (4 days)
- Direct Accounting Services Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Direct Accounting Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Direct Accounting Services Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Direct Accounting Services Limited
- - Industry AVG
DIRECT ACCOUNTING SERVICES LIMITED financials
Direct Accounting Services Limited's latest turnover from March 2023 is estimated at £73.7 thousand and the company has net assets of -£63.7 thousand. According to their latest financial statements, Direct Accounting Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 5,610 | 5,780 | 5,950 | 6,120 | 6,290 | 6,460 | 6,630 | 6,800 | 6,970 | 7,141 |
| 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 | 0 | 0 | 0 | 0 | 5,610 | 5,780 | 5,950 | 6,120 | 6,290 | 6,460 | 6,630 | 6,800 | 6,970 | 7,141 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 0 | 0 | 0 | 0 | 5,610 | 5,780 | 5,950 | 6,120 | 6,290 | 6,460 | 6,630 | 6,800 | 6,970 | 7,141 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,160 | 1,120 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 63,690 | 48,915 | 41,610 | 36,557 | 26,645 | 25,589 | 24,264 | 12,345 | 11,305 | 9,115 | 9,638 | 10,368 | 0 | 0 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,516 | 5,311 |
| total current liabilities | 63,690 | 48,915 | 41,610 | 36,557 | 26,645 | 25,589 | 24,264 | 12,345 | 11,305 | 9,115 | 9,638 | 10,368 | 10,676 | 6,431 |
| 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 | 400 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 63,690 | 48,915 | 41,610 | 36,557 | 26,645 | 25,589 | 24,264 | 12,745 | 11,305 | 9,115 | 9,638 | 10,368 | 10,676 | 6,431 |
| net assets | -63,690 | -48,915 | -41,610 | -36,557 | -21,035 | -19,809 | -18,314 | -6,625 | -5,015 | -2,655 | -3,008 | -3,568 | -3,706 | 710 |
| total shareholders funds | -63,690 | -48,915 | -41,610 | -36,557 | -21,035 | -19,809 | -18,314 | -6,625 | -5,015 | -2,655 | -3,008 | -3,568 | -3,706 | 710 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 170 | 170 | 170 | 170 | 171 | 170 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 14,775 | 7,305 | 5,053 | 9,912 | 1,056 | 1,325 | 11,919 | 1,040 | 2,190 | -523 | -730 | 10,368 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | -400 | 400 | 0 | 0 | 0 | -9,516 | 4,205 | 5,311 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 | 0 |
| Group/Directors Accounts | 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 |
| 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 | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,160 | 40 | 1,120 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,160 | -40 | -1,120 |
direct accounting services limited Credit Report and Business Information
Direct Accounting Services Limited Competitor Analysis
Perform a competitor analysis for direct accounting services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in CR4 area or any other competitors across 12 key performance metrics.
direct accounting services limited Ownership
DIRECT ACCOUNTING SERVICES LIMITED group structure
Direct Accounting Services Limited has no subsidiary companies.
Ultimate parent company
DIRECT ACCOUNTING SERVICES LIMITED
03334714
direct accounting services limited directors
Direct Accounting Services Limited currently has 1 director, Mr Gerrard Love serving since Mar 1997.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gerrard Love | 55 years | Mar 1997 | - | Director |
P&L
March 2023turnover
73.7k
+381%
operating profit
-14.8k
0%
gross margin
37.7%
+4.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-63.7k
+0.3%
total assets
0
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
direct accounting services limited company details
company number
03334714
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
March 1997
age
27
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
g & s love ltd (October 2000)
accountant
KOJO & COMPANY LIMITED
auditor
-
address
118-120 london road, mitcham, surrey, CR4 3LB
Bank
-
Legal Advisor
-
direct accounting services 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 1 charges/mortgages relating to direct accounting services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
direct accounting services limited Companies House Filings - See Documents
| date | description | view/download |
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