Mustard Payroll Ltd

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SOLUTIONS

mustard payroll ltd Company Information

Company Number

03938852

Next Accounts

Dec 2025

Directors

Larry Bulmer

Colin Boxall

Shareholders

emma king

ryan king

Group Structure

View All

Industry

Bookkeeping activities

Registered Address

prospect house, 11-13 lonsdale gardens, tunbridge wells, kent, TN1 1NU

Website

www.mustardpayroll.com

mustard payroll ltd Estimated Valuation

£344k

Pomanda estimates the enterprise value of MUSTARD PAYROLL LTD at £344k based on Net Assets of £93.2k and 3.69x industry multiple (adjusted for liquidity).

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Mustard Payroll Ltd is a live company located in tunbridge wells, TN1 1NU with a Companies House number of 03938852. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in March 2000, it's largest shareholder is emma king with a 99% stake. Mustard Payroll Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £136.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Mustard Payroll 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 £136.8k, make it larger than the average company (£80.2k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (5.4%)

EXPORT

Mustard Payroll Ltd's latest turnover from March 2024 is estimated at £136.8 thousand and the company has net assets of £93.2 thousand. According to their latest financial statements, Mustard Payroll Ltd has 4 employees and maintains cash reserves of £122.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	136,769	113,648	222,705	160,127	215,831	272,498	248,596	221,723	217,123	200,177	306,540	252,471	186,885	180,856	234,012
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	54,082	30,901	48,073	12,864	31,823	13,789	13,649	11,550	9,523	13,287	12,271	10,482	10,985	9,819	16,024
Gross Profit	82,688	82,747	174,632	147,263	184,007	258,709	234,947	210,173	207,600	186,890	294,269	241,989	175,900	171,038	217,988
Admin Expenses	112,751	101,653	173,416	129,998	167,889	230,447	228,206	180,163	215,620	165,885	272,325	246,437	164,626	173,236	183,712
Operating Profit	-30,063	-18,906	1,216	17,265	16,118	28,262	6,741	30,010	-8,020	21,005	21,944	-4,448	11,274	-2,198	34,276
Interest Payable	4,125	4,698	1,688	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,063	8,363	1,342	149	140	851	463	182	308	289	200	165	123	104	65
Pre-Tax Profit	-26,125	-15,241	870	17,414	16,258	29,112	7,204	30,191	-7,712	21,294	22,144	-4,283	11,397	-2,094	34,342
Tax	0	0	-165	-3,309	-3,089	-5,531	-1,369	-6,038	0	-4,472	-5,093	0	-2,963	0	-9,616
Profit After Tax	-26,125	-15,241	705	14,105	13,169	23,581	5,835	24,153	-7,712	16,822	17,051	-4,283	8,434	-2,094	24,726
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-26,125	-15,241	705	14,105	13,169	23,581	5,835	24,153	-7,712	16,822	17,051	-4,283	8,434	-2,094	24,726
Employee Costs	71,424	62,900	63,150	78,106	64,970	74,383	79,051	93,474	72,549	127,375	203,401	165,731	121,865	59,330	59,000
Number Of Employees	4	4	4	5	5	5	5	4	4	7	11	7	5	5	6
EBITDA*	-28,705	-17,123	1,703	18,863	16,751	29,409	7,381	30,650	-8,020	21,976	21,944	-4,448	11,274	-1,089	36,766

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	3,361	1,228	1,715	2,956	1,251	1,282	1,922	0	2,555	2,585	344	0	1,691	992
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	3,361	1,228	1,715	2,956	1,251	1,282	1,922	0	2,555	2,585	344	0	1,691	992
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	21,542	23,296	54,270	39,883	43,493	51,181	44,431	43,061	33,374	27,729	29,805	26,408	22,118	25,363	29,472
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,663	0	203	203	207	877	1,085	1,321	1,142	0	0	0	0	0	0
Cash	122,097	185,062	208,505	149,376	148,455	131,636	95,196	89,958	55,406	67,841	47,626	32,378	33,634	15,683	26,111
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	161,302	208,358	262,978	189,462	192,155	183,694	140,712	134,340	89,922	95,570	77,431	58,786	55,752	41,046	55,583
total assets	161,302	211,719	264,206	191,177	195,111	184,945	141,994	136,262	89,922	98,125	80,016	59,130	55,752	42,737	56,575
Bank overdraft	31,667	41,667	50,000	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	0
Trade Creditors	3,306	1,637	2,692	3,171	3,607	4,893	3,616	1,542	1,112	37,369	29,775	25,373	24,586	20,005	31,749
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	32,839	48,800	76,668	53,555	71,160	73,201	54,962	57,139	35,766	0	0	0	0	0	0
total current liabilities	67,812	92,104	129,360	56,726	74,767	78,094	58,578	58,681	36,878	37,369	29,775	25,373	24,586	20,005	31,749
loans	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
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	0	6,307	6,874	0	0	0
provisions	262	262	252	562	562	238	384	384	0	0	0	0	0	0	0
total long term liabilities	262	262	252	562	562	238	384	384	0	0	6,307	6,874	0	0	0
total liabilities	68,074	92,366	129,612	57,288	75,329	78,332	58,962	59,065	36,878	37,369	36,082	32,247	24,586	20,005	31,749
net assets	93,228	119,353	134,594	133,889	119,782	106,613	83,032	77,197	53,044	60,756	43,934	26,883	31,166	22,732	24,826
total shareholders funds	93,228	119,353	134,594	133,889	119,782	106,613	83,032	77,197	53,044	60,756	43,934	26,883	31,166	22,732	24,826

	Mar 2024	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	-30,063	-18,906	1,216	17,265	16,118	28,262	6,741	30,010	-8,020	21,005	21,944	-4,448	11,274	-2,198	34,276
Depreciation	1,358	1,783	487	1,598	633	1,147	640	640	0	971	0	0	0	1,109	2,490
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-165	-3,309	-3,089	-5,531	-1,369	-6,038	0	-4,472	-5,093	0	-2,963	0	-9,616
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	15,909	-31,177	14,387	-3,614	-8,358	6,542	1,134	9,866	6,787	-2,076	3,397	4,290	-3,245	-4,109	29,472
Creditors	1,669	-1,055	-479	-436	-1,286	1,277	2,074	430	-36,257	7,594	4,402	787	4,581	-11,744	31,749
Accruals and Deferred Income	-15,961	-27,868	23,113	-17,605	-2,041	18,239	-2,177	21,373	35,766	0	0	0	0	0	0
Deferred Taxes & Provisions	0	10	-310	0	324	-146	0	384	0	0	0	0	0	0	0
Cash flow from operations	-58,906	-14,859	9,475	1,127	19,017	36,706	4,775	36,933	-15,298	27,174	17,856	-7,951	16,137	-8,724	29,427
Investing Activities
capital expenditure	2,003	-3,916	0	-357	-2,338	-1,116	0	-2,562	2,555	-941	-2,241	-344	1,691	-1,808	-3,482
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,003	-3,916	0	-357	-2,338	-1,116	0	-2,562	2,555	-941	-2,241	-344	1,691	-1,808	-3,482
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	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-6,307	-567	6,874	0	0	0
share issue	0	0	0	2	0	0	0	0	0	0	0	0	0	0	100
interest	3,938	3,665	-346	149	140	851	463	182	308	289	200	165	123	104	65
cash flow from financing	3,938	3,665	-346	151	140	851	463	182	308	-6,018	-367	7,039	123	104	165
cash and cash equivalents
cash	-62,965	-23,443	59,129	921	16,819	36,440	5,238	34,552	-12,435	20,215	15,248	-1,256	17,951	-10,428	26,111
overdraft	-10,000	-8,333	50,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-52,965	-15,110	9,129	921	16,819	36,440	5,238	34,552	-12,435	20,215	15,248	-1,256	17,951	-10,428	26,111

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MUSTARD PAYROLL LTD group structure

Mustard Payroll Ltd has no subsidiary companies.

Ultimate parent company

MUSTARD PAYROLL LTD

03938852

MUSTARD PAYROLL LTD Shareholders

emma king	99.02%
ryan king	0.98%

Mustard Payroll Ltd currently has 2 directors. The longest serving directors include Mr Larry Bulmer (Oct 2024) and Mr Colin Boxall (Oct 2024).

officer	country	age	start	end	role
Mr Larry Bulmer	England	61 years	Oct 2024	-	Director
Mr Colin Boxall	England	61 years	Oct 2024	-	Director

P&L

March 2024

turnover

136.8k

+20%

operating profit

-30.1k

gross margin

60.5%

-16.96%

turnover

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

Balance Sheet

March 2024

net assets

93.2k

-0.22%

total assets

161.3k

-0.24%

cash

122.1k

-0.34%

net assets

Total assets minus all liabilities

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company number

03938852

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

March 2000

ultimate parent company

None

previous names

mustard services limited (September 2014)

payroll & accounting services (uk) limited (November 2006)

address

prospect house, 11-13 lonsdale gardens, tunbridge wells, kent, TN1 1NU

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

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mustard payroll ltd Company Information

mustard payroll ltd Estimated Valuation

mustard payroll ltd Estimated Valuation

mustard payroll ltd Estimated Valuation

Mustard Payroll Ltd Overview

Mustard Payroll Ltd Health Check

MUSTARD PAYROLL LTD financials

mustard payroll ltd Credit Report and Business Information

Mustard Payroll Ltd Competitor Analysis

mustard payroll ltd Ownership

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