Taxmasters Limited

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taxmasters limited Company Information

Live

MatureSmallHigh

Company Number

03835495

Next Accounts

Dec 2024

Industry

Tax consultancy

Directors

Ruth Dorans

Shareholders

sherwoods ltd

Group Structure

View All

Contact

Registered Address

1st floor 27 shirwell crescent, furzton lake, milton keynes, MK4 1GA

Website

www.taxmasters.co.uk

taxmasters limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of TAXMASTERS LIMITED at £2.8m based on an EBITDA of £725.7k and a 3.8x industry multiple (adjusted for size and gross margin).

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Taxmasters Limited is a live company located in milton keynes, MK4 1GA with a Companies House number of 03835495. It operates in the tax consultancy sector, SIC Code 69203. Founded in September 1999, it's largest shareholder is sherwoods ltd with a 100% stake. Taxmasters Limited is a mature, small sized company, Pomanda has estimated its turnover at £928.2k with high growth in recent years.

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Pomanda's financial health check has awarded Taxmasters Limited a 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 Rating5out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £928.2k, make it larger than the average company (£230.2k)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.3%)

EXPORT

Taxmasters Limited's latest turnover from March 2023 is estimated at £928.2 thousand and the company has net assets of £587.8 thousand. According to their latest financial statements, Taxmasters Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	928,167	630,103	579,750	703,689	649,951	53,149	0	71,868	87,303	91,930	81,107	72,310	49,927	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	549,240	376,766	284,285	170,173	239,372	28,884	0	21,330	28,169	29,362	30,752	13,619	8,962	0
Gross Profit	378,926	253,337	295,465	533,516	410,579	24,265	0	50,538	59,134	62,568	50,355	58,691	40,965	0
Admin Expenses	-346,784	219,831	259,598	494,849	380,066	-9,908	-36,454	51,070	54,147	56,428	55,984	35,030	72,913	-529,580
Operating Profit	725,710	33,506	35,867	38,667	30,513	34,173	36,454	-532	4,987	6,140	-5,629	23,661	-31,948	529,580
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	1,499	988	950	1,850	1,801	1,766	1,830	1,797	1,820	962
Pre-Tax Profit	725,710	33,506	35,867	38,667	32,012	35,160	37,404	1,318	6,787	7,905	-3,799	25,458	-30,128	530,542
Tax	-137,885	-6,366	-6,815	-7,347	-6,082	-6,680	-7,481	-263	-1,425	-1,818	0	-6,619	0	-148,552
Profit After Tax	587,825	27,140	29,052	31,320	25,930	28,480	29,923	1,054	5,362	6,087	-3,799	18,839	-30,128	381,990
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	587,825	27,140	29,052	31,320	25,930	28,480	29,923	1,054	5,362	6,087	-3,799	18,839	-30,128	381,990
Employee Costs	177,312	144,920	119,025	211,193	59,663	96,029	0	43,426	43,777	53,627	34,887	39,761	34,787	0
Number Of Employees	4	4	5	5	3	3	0	1	1	1	1	1	1	0
EBITDA*	725,710	33,506	35,867	38,667	30,513	34,670	37,078	1,987	7,706	9,159	-3,649	26,084	-28,813	529,650

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	194	4,188	7,936	9,363	10,897	1,142	1,639	2,263	4,432	7,151	4,992	6,698	9,121	0
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	194	4,188	7,936	9,363	10,897	1,142	1,639	2,263	4,432	7,151	4,992	6,698	9,121	0
Stock & work in progress	0	0	0	0	0	40,284	20,016	14,195	9,385	16,745	10,290	7,175	15,075	21,025
Trade Debtors	616,669	559,336	535,984	501,417	468,076	1,551	0	18,376	18,224	25,332	20,285	20,106	12,345	10,699
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	5,967	5,106	6,437	16,729	19,729	0	0	0	0	0	0	0
Cash	0	0	0	0	0	399,742	390,643	369,272	370,531	349,708	356,495	375,410	343,341	384,732
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	616,669	559,336	541,951	506,523	474,513	458,306	430,388	401,843	398,140	391,785	387,070	402,691	370,761	416,456
total assets	616,863	563,524	549,887	515,886	485,410	459,448	432,027	404,106	402,572	398,936	392,062	409,389	379,882	416,456
Bank overdraft	0	0	0	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
Trade Creditors	24,540	11,524	25,027	20,078	20,922	0	0	24,601	24,121	25,847	25,060	38,588	27,920	34,366
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	21,540	22,599	0	0	0	0	0	0	0
total current liabilities	24,540	11,524	25,027	20,078	20,922	21,540	22,599	24,601	24,121	25,847	25,060	38,588	27,920	34,366
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	4,498	750	750	750	750	0	0	0	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	4,498	750	750	750	750	0	0	0	0	0	0	0	0	0
total liabilities	29,038	12,274	25,777	20,828	21,672	21,540	22,599	24,601	24,121	25,847	25,060	38,588	27,920	34,366
net assets	587,825	551,250	524,110	495,058	463,738	437,908	409,428	379,505	378,451	373,089	367,002	370,801	351,962	382,090
total shareholders funds	587,825	551,250	524,110	495,058	463,738	437,908	409,428	379,505	378,451	373,089	367,002	370,801	351,962	382,090

	Mar 2023	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	725,710	33,506	35,867	38,667	30,513	34,173	36,454	-532	4,987	6,140	-5,629	23,661	-31,948	529,580
Depreciation	0	0	0	0	0	497	624	2,519	2,719	3,019	1,980	2,423	3,135	70
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-137,885	-6,366	-6,815	-7,347	-6,082	-6,680	-7,481	-263	-1,425	-1,818	0	-6,619	0	-148,552
Stock	0	0	0	0	-40,284	20,268	5,821	4,810	-7,360	6,455	3,115	-7,900	-5,950	21,025
Debtors	616,669	17,385	35,428	32,010	456,233	-1,449	1,353	152	-7,108	5,047	179	7,761	1,646	10,699
Creditors	24,540	-13,503	4,949	-844	20,922	0	-24,601	480	-1,726	787	-13,528	10,668	-6,446	34,366
Accruals and Deferred Income	4,498	0	0	0	-20,790	-1,059	22,599	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	194	-3,748	-1,427	-1,534	-391,386	8,112	20,421	-2,758	19,023	-3,374	-20,471	30,272	-30,955	383,740
Investing Activities
capital expenditure	-194	3,748	1,427	1,534	-9,755	0	0	-350	0	-5,178	-274	0	-12,256	-70
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-194	3,748	1,427	1,534	-9,755	0	0	-350	0	-5,178	-274	0	-12,256	-70
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	0	0	0	0	-100	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	1,499	988	950	1,850	1,801	1,766	1,830	1,797	1,820	962
cash flow from financing	0	0	0	0	1,399	988	950	1,850	1,801	1,766	1,830	1,797	1,820	1,062
cash and cash equivalents
cash	0	0	0	0	-399,742	9,099	21,371	-1,259	20,823	-6,787	-18,915	32,069	-41,391	384,732
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-399,742	9,099	21,371	-1,259	20,823	-6,787	-18,915	32,069	-41,391	384,732

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TAXMASTERS LIMITED group structure

Taxmasters Limited has no subsidiary companies.

Ultimate parent company

TAXMASTERS LIMITED

03835495

TAXMASTERS LIMITED Shareholders

sherwoods ltd

100%

Taxmasters Limited currently has 1 director, Mrs Ruth Dorans serving since Jul 2023.

officer	country	age	start	end	role
Mrs Ruth Dorans	England	63 years	Jul 2023	-	Director

P&L

March 2023

turnover

928.2k

operating profit

725.7k

gross margin

40.9%

turnover

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

Balance Sheet

March 2023

net assets

587.8k

total assets

616.9k

cash

net assets

Total assets minus all liabilities

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company number

03835495

Type

Private limited with Share Capital

industry

69203 - Tax consultancy

incorporation date

September 1999

ultimate parent company

None

previous names

N/A

address

1st floor 27 shirwell crescent, furzton lake, milton keynes, MK4 1GA

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.

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taxmasters limited Company Information

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