practice efficiency limited
practice efficiency limited Company Information
Company Number
04155639
Next Accounts
Dec 2025
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Directors
Shareholders
christopher john andrew smith
janice ann smith
View AllGroup Structure
View All
Contact
Registered Address
hendra barton trereife, penzance, TR20 8TJ
Website
efficientpractice.compractice efficiency limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE EFFICIENCY LIMITED at £40.1k based on a Turnover of £88.6k and 0.45x industry multiple (adjusted for size and gross margin).
practice efficiency limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE EFFICIENCY LIMITED at £0 based on an EBITDA of £0 and a 3.34x industry multiple (adjusted for size and gross margin).
practice efficiency limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE EFFICIENCY LIMITED at £0 based on Net Assets of £-37.1k and 2.2x industry multiple (adjusted for liquidity).
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Practice Efficiency Limited Overview
Practice Efficiency Limited is a live company located in penzance, TR20 8TJ with a Companies House number of 04155639. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in February 2001, it's largest shareholder is christopher john andrew smith with a 80% stake. Practice Efficiency Limited is a mature, micro sized company, Pomanda has estimated its turnover at £88.6k with declining growth in recent years.
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Practice Efficiency Limited Health Check
Pomanda's financial health check has awarded Practice Efficiency Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
5 Weak
Size
annual sales of £88.6k, make it smaller than the average company (£1.7m)
- Practice Efficiency Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.2%)
- Practice Efficiency Limited
8.2% - Industry AVG
Production
with a gross margin of 23.6%, this company has a higher cost of product (45.9%)
- Practice Efficiency Limited
45.9% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Practice Efficiency Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (16)
- Practice Efficiency Limited
16 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Practice Efficiency Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £88.6k, this is less efficient (£111.2k)
- Practice Efficiency Limited
£111.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Practice Efficiency Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 200 days, this is slower than average (32 days)
- Practice Efficiency Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Practice Efficiency Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Practice Efficiency Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Practice Efficiency Limited
- - Industry AVG
PRACTICE EFFICIENCY LIMITED financials
Practice Efficiency Limited's latest turnover from March 2024 is estimated at £88.6 thousand and the company has net assets of -£37.1 thousand. According to their latest financial statements, we estimate that Practice Efficiency Limited has 1 employee and maintains cash reserves of 0 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 | |||||||||||||||
| 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 | |||||||||||||||
| EBITDA* |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 202 | 1,309 | 5,846 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 50,000 | 50,000 | 263,000 |
| 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 | 21,191 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,031 | 50,202 | 72,500 | 268,846 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 926 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,810 | 26,004 | 13,378 | 49,761 |
| Group Debtors | 0 | 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 | 45,428 | 11,139 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,830 | 205 | 46,078 | 2,121 |
| misc current assets | 0 | 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 | 7,640 | 26,209 | 104,884 | 63,947 |
| total assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,671 | 76,411 | 177,384 | 332,793 |
| Bank overdraft | 0 | 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 | 234 |
| Trade Creditors | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 0 | 0 | 0 | 0 | 0 | 0 | 16,990 | 43,147 | 36,544 | 67,575 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64,111 | 44,793 |
| total current liabilities | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 0 | 0 | 0 | 0 | 0 | 0 | 16,990 | 43,147 | 100,655 | 112,602 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,130 | 37,130 | 37,130 | 37,130 | 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 | 37,130 | 37,130 | 0 | 0 | 0 | 0 | 38,005 | 54,488 | 92,679 | 196,246 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 38,005 | 54,488 | 92,679 | 196,246 |
| total liabilities | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 37,130 | 54,995 | 97,635 | 193,334 | 308,848 |
| net assets | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | 2,676 | -21,224 | -15,950 | 23,945 |
| total shareholders funds | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | -37,130 | 2,676 | -21,224 | -15,950 | 23,945 |
| 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 | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 171 | 395 | 1,601 | 3,128 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 6,000 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -926 | 926 |
| Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,810 | -24,194 | -53,993 | 19,097 | 60,900 |
| Creditors | 0 | 0 | 0 | 0 | 37,130 | 0 | 0 | 0 | 0 | 0 | -16,990 | -26,157 | 6,603 | -31,031 | 67,575 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -64,111 | 19,318 | 44,793 |
| Deferred Taxes & Provisions | 0 | 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 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -234 | 234 |
| 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 | -37,130 | 0 | 0 | 0 | 37,130 | 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 | -37,130 | 0 | 37,130 | 0 | 0 | 0 | -38,005 | -16,483 | -38,191 | -103,567 | 196,246 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,830 | 5,625 | -45,873 | 43,957 | 2,121 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,830 | 5,625 | -45,873 | 43,957 | 2,121 |
practice efficiency limited Credit Report and Business Information
Practice Efficiency Limited Competitor Analysis
Perform a competitor analysis for practice efficiency limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TR20 area or any other competitors across 12 key performance metrics.
practice efficiency limited Ownership
PRACTICE EFFICIENCY LIMITED group structure
Practice Efficiency Limited has no subsidiary companies.
Ultimate parent company
PRACTICE EFFICIENCY LIMITED
04155639
practice efficiency limited directors
Practice Efficiency Limited currently has 1 director, Mr Christopher Smith serving since Feb 2001.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Smith | 75 years | Feb 2001 | - | Director |
P&L
March 2024turnover
88.6k
-7%
operating profit
0
0%
gross margin
23.6%
-1.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-37.1k
0%
total assets
0
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
practice efficiency limited company details
company number
04155639
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
February 2001
age
24
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
bfs accountants limited (October 2010)
bfs consulting limited (February 2008)
accountant
-
auditor
-
address
hendra barton trereife, penzance, TR20 8TJ
Bank
-
Legal Advisor
-
practice efficiency 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 practice efficiency limited. Currently there are 1 open charges and 0 have been satisfied in the past.
practice efficiency 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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practice efficiency limited Companies House Filings - See Documents
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