mkb accountancy limited

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mkb accountancy limited Company Information

Share MKB ACCOUNTANCY LIMITED

Company Number

03773845

Directors

Michael Bacon

Shareholders

michael kenneth bacon

lynn ann bacon

Group Structure

View All

Industry

Accounting, and auditing activities

 

Registered Address

3 dunmow gardens, west horndon, brentwood, essex, CM13 3NL

mkb accountancy limited Estimated Valuation

£118.7k

Pomanda estimates the enterprise value of MKB ACCOUNTANCY LIMITED at £118.7k based on a Turnover of £164k and 0.72x industry multiple (adjusted for size and gross margin).

mkb accountancy limited Estimated Valuation

£12

Pomanda estimates the enterprise value of MKB ACCOUNTANCY LIMITED at £12 based on an EBITDA of £2 and a 4.64x industry multiple (adjusted for size and gross margin).

mkb accountancy limited Estimated Valuation

£208

Pomanda estimates the enterprise value of MKB ACCOUNTANCY LIMITED at £208 based on Net Assets of £68 and 3.06x industry multiple (adjusted for liquidity).

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Mkb Accountancy Limited Overview

Mkb Accountancy Limited is a live company located in brentwood, CM13 3NL with a Companies House number of 03773845. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 1999, it's largest shareholder is michael kenneth bacon with a 50% stake. Mkb Accountancy Limited is a mature, micro sized company, Pomanda has estimated its turnover at £164k with declining growth in recent years.

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Mkb Accountancy Limited Health Check

Pomanda's financial health check has awarded Mkb Accountancy Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £164k, make it in line with the average company (£202k)

£164k - Mkb Accountancy Limited

£202k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8.9%)

-2% - Mkb Accountancy Limited

8.9% - Industry AVG

production

Production

with a gross margin of 52.4%, this company has a higher cost of product (94.6%)

52.4% - Mkb Accountancy Limited

94.6% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (7.7%)

0% - Mkb Accountancy Limited

7.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (3)

2 - Mkb Accountancy Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.2k, the company has an equivalent pay structure (£37.2k)

£37.2k - Mkb Accountancy Limited

£37.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £82k, this is equally as efficient (£79.8k)

£82k - Mkb Accountancy Limited

£79.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 190 days, this is later than average (74 days)

190 days - Mkb Accountancy Limited

74 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 404 days, this is slower than average (25 days)

404 days - Mkb Accountancy Limited

25 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mkb Accountancy Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Mkb Accountancy Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (50.8%)

99.9% - Mkb Accountancy Limited

50.8% - Industry AVG

MKB ACCOUNTANCY LIMITED financials

EXPORTms excel logo

Mkb Accountancy Limited's latest turnover from May 2024 is estimated at £164 thousand and the company has net assets of £68. According to their latest financial statements, Mkb Accountancy Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover163,979189,058176,148173,894195,399136,627125,252125,89020,485126,804123,147118,902219,517163,75499,863
Other Income Or Grants
Cost Of Sales78,02089,87180,08476,40484,43356,76248,30844,9649,01057,40143,37641,21685,47958,33739,603
Gross Profit85,95999,18796,06497,489110,96679,86576,94380,92611,47669,40379,77177,686134,038105,41760,260
Admin Expenses85,95699,18396,03297,983111,01679,80876,38981,79711,49069,46979,83877,715134,089105,45959,199
Operating Profit3432-494-5057554-871-14-66-67-29-51-421,061
Interest Payable
Interest Receivable3080691019080518
Pre-Tax Profit3432-494-5057554-84166334612981,069
Tax-1-1-6-11-105-13-7-14-7-2-299
Profit After Tax2326-494-5046449-8415322747226770
Dividends Paid
Retained Profit2326-494-5046449-8415322747226770
Employee Costs74,44970,49166,37460,62258,50968,10060,45955,72927,99030,17460,34857,56182,53454,61149,466
Number Of Employees222222221122322
EBITDA*3432-494-5057554-87110-35-252723571,193

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets1,0261,3671,8226058063141547296127169225299398
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,0261,3671,8226058063141547296127169225299398
Stock & work in progress
Trade Debtors85,565103,433101,421102,584103,10774,13160,78247,2996,75035,45530,19530,32550,63540,54521,975
Group Debtors
Misc Debtors
Cash24,3247,74519,83820,73415,10616,8993,343
misc current assets
total current assets85,565103,433101,421102,584103,10774,13160,78247,29931,07443,20050,03351,05965,74157,44425,318
total assets86,591104,800103,243103,189103,91374,16260,82347,35331,14643,29650,16051,22865,96657,74325,716
Bank overdraft
Bank loan
Trade Creditors 86,523104,734103,180103,152103,38273,58160,28847,26730,21742,42049,28650,38165,16656,96524,944
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities86,523104,734103,180103,152103,38273,58160,28847,26730,21742,42049,28650,38165,16656,96524,944
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities86,523104,734103,180103,152103,38273,58160,28847,26730,21742,42049,28650,38165,16656,96524,944
net assets6866633753158153586929876874847800778772
total shareholders funds6866633753158153586929876874847800778772
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit3432-494-5057554-871-14-66-67-29-51-421,061
Depreciation243142567499132
Amortisation
Tax-1-1-6-11-105-13-7-14-7-2-299
Stock
Debtors-17,8682,012-1,163-52328,97613,34913,48340,549-28,7055,260-130-20,31010,09018,57021,975
Creditors-18,2111,55428-23029,80113,29313,02117,050-12,203-6,866-1,095-14,7858,20132,02124,944
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-341-4551,217-201775-10-13-24,37016,499-12,161-9975,538-1,87313,5063,863
Investing Activities
capital expenditure341455-1,217201-775101318-530
Change in Investments
cash flow from investments341455-1,217201-775101318-530
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-22
interest3080691019080518
cash flow from financing28806910190805110
cash and cash equivalents
cash-24,32416,579-12,093-8965,628-1,79313,5563,343
overdraft
change in cash-24,32416,579-12,093-8965,628-1,79313,5563,343

mkb accountancy limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mkb Accountancy Limited Competitor Analysis

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Perform a competitor analysis for mkb accountancy limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CM13 area or any other competitors across 12 key performance metrics.

mkb accountancy limited Ownership

MKB ACCOUNTANCY LIMITED group structure

Mkb Accountancy Limited has no subsidiary companies.

Ultimate parent company

MKB ACCOUNTANCY LIMITED

03773845

MKB ACCOUNTANCY LIMITED Shareholders

michael kenneth bacon 50%
lynn ann bacon 50%

mkb accountancy limited directors

Mkb Accountancy Limited currently has 1 director, Mr Michael Bacon serving since May 1999.

officercountryagestartendrole
Mr Michael Bacon63 years May 1999- Director

P&L

May 2024

turnover

164k

-13%

operating profit

2.7

0%

gross margin

52.5%

-0.08%

turnover

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

Balance Sheet

May 2024

net assets

68

+0.03%

total assets

86.6k

-0.17%

cash

0

0%

net assets

Total assets minus all liabilities

mkb accountancy limited company details

company number

03773845

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

May 1999

age

26

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

May 2024

previous names

N/A

accountant

-

auditor

-

address

3 dunmow gardens, west horndon, brentwood, essex, CM13 3NL

Bank

-

Legal Advisor

-

mkb accountancy 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 did not find charges/mortgages relating to mkb accountancy limited.

mkb accountancy limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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mkb accountancy limited Companies House Filings - See Documents

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