butt & co accountants ltd.
butt & co accountants ltd. Company Information
Company Number
04398533
Website
www.buttandco.comRegistered Address
161 ley street, ilford, essex, IG1 4BL
Industry
Accounting, and auditing activities
Telephone
02085533504
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mohammed iqbal butt 51%
mohamed aftab butt 35%
View Allbutt & co accountants ltd. Estimated Valuation
Pomanda estimates the enterprise value of BUTT & CO ACCOUNTANTS LTD. at £304.4k based on a Turnover of £332.4k and 0.92x industry multiple (adjusted for size and gross margin).
butt & co accountants ltd. Estimated Valuation
Pomanda estimates the enterprise value of BUTT & CO ACCOUNTANTS LTD. at £444 based on an EBITDA of £83 and a 5.34x industry multiple (adjusted for size and gross margin).
butt & co accountants ltd. Estimated Valuation
Pomanda estimates the enterprise value of BUTT & CO ACCOUNTANTS LTD. at £353.5k based on Net Assets of £191.6k and 1.85x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Butt & Co Accountants Ltd. Overview
Butt & Co Accountants Ltd. is a live company located in essex, IG1 4BL with a Companies House number of 04398533. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2002, it's largest shareholder is mohammed iqbal butt with a 51% stake. Butt & Co Accountants Ltd. is a mature, micro sized company, Pomanda has estimated its turnover at £332.4k with declining growth in recent years.
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Butt & Co Accountants Ltd. Health Check
Pomanda's financial health check has awarded Butt & Co Accountants Ltd. a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £332.4k, make it larger than the average company (£138.4k)
- Butt & Co Accountants Ltd.
£138.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.8%)
- Butt & Co Accountants Ltd.
5.8% - Industry AVG
Production
with a gross margin of 69%, this company has a comparable cost of product (69%)
- Butt & Co Accountants Ltd.
69% - Industry AVG
Profitability
an operating margin of -4.4% make it less profitable than the average company (15.5%)
- Butt & Co Accountants Ltd.
15.5% - Industry AVG
Employees
with 6 employees, this is above the industry average (3)
6 - Butt & Co Accountants Ltd.
3 - Industry AVG
Pay Structure
on an average salary of £20.8k, the company has an equivalent pay structure (£20.8k)
- Butt & Co Accountants Ltd.
£20.8k - Industry AVG
Efficiency
resulting in sales per employee of £55.4k, this is less efficient (£69.5k)
- Butt & Co Accountants Ltd.
£69.5k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is near the average (97 days)
- Butt & Co Accountants Ltd.
97 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Butt & Co Accountants Ltd.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Butt & Co Accountants Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 139 weeks, this is more cash available to meet short term requirements (26 weeks)
139 weeks - Butt & Co Accountants Ltd.
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.3%, this is a lower level of debt than the average (57.3%)
20.3% - Butt & Co Accountants Ltd.
57.3% - Industry AVG
BUTT & CO ACCOUNTANTS LTD. financials
Butt & Co Accountants Ltd.'s latest turnover from March 2023 is estimated at £332.4 thousand and the company has net assets of £191.6 thousand. According to their latest financial statements, Butt & Co Accountants Ltd. has 6 employees and maintains cash reserves of £85.6 thousand 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 | 6 | 6 | 6 | 7 | ||||||||||
| 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 | 15,125 | 18,906 | 105,759 | 116,227 | 27,783 | 34,088 | 28,643 | 27,253 | 25,134 | 21,492 | 20,706 | 25,786 | 27,766 | 29,854 |
| Intangible Assets | 61,000 | 72,000 | 0 | 0 | 105,000 | 120,000 | 135,000 | 180,000 | 190,200 | 200,400 | 210,600 | 180,000 | 180,000 | 180,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 25,000 | 25,000 | 16,000 | 0 | 0 | 0 | 0 | 0 | 35,041 | 35,041 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 76,125 | 90,906 | 105,759 | 116,227 | 157,783 | 179,088 | 179,643 | 207,253 | 215,334 | 221,892 | 231,306 | 205,786 | 242,807 | 244,895 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 78,551 | 68,550 | 156,243 | 107,491 | 48,275 | 31,205 | 27,209 | 31,556 | 32,858 | 31,745 | 30,340 | 32,482 | 38,375 | 40,917 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 223 | 226 | 0 | 0 | 371 | 1,128 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 85,583 | 106,815 | 0 | 0 | 9,601 | 4,483 | 23,409 | 11,086 | 3,935 | 4,482 | 1,016 | 5,718 | 2,205 | 11,426 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 164,357 | 175,591 | 156,243 | 107,491 | 58,247 | 36,816 | 50,647 | 42,642 | 36,793 | 36,227 | 31,356 | 38,200 | 40,580 | 52,343 |
| total assets | 240,482 | 266,497 | 262,002 | 223,718 | 216,030 | 215,904 | 230,290 | 249,895 | 252,127 | 258,119 | 262,662 | 243,986 | 283,387 | 297,238 |
| Bank overdraft | 6,975 | 6,190 | 0 | 0 | 2,586 | 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 | 0 | 0 | 32,104 | 31,178 | 0 | 0 | 0 | 0 | 57,903 | 80,717 | 107,376 | 13,595 | 39,219 | 45,180 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 18,000 | 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 | 24,921 | 30,571 | 0 | 0 | 20,627 | 11,081 | 12,936 | 17,283 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 31,896 | 36,761 | 32,104 | 31,178 | 23,213 | 11,081 | 18,936 | 35,283 | 57,903 | 80,717 | 107,376 | 13,595 | 39,219 | 45,180 |
| loans | 16,994 | 24,722 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 30,206 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,800 | 79,205 | 116,983 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 16,994 | 24,722 | 30,206 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,800 | 79,205 | 116,983 |
| total liabilities | 48,890 | 61,483 | 62,310 | 31,178 | 23,213 | 11,081 | 18,936 | 35,283 | 57,903 | 80,717 | 107,376 | 90,395 | 118,424 | 162,163 |
| net assets | 191,592 | 205,014 | 199,692 | 192,540 | 192,817 | 204,823 | 211,354 | 214,612 | 194,224 | 177,402 | 155,286 | 153,591 | 164,963 | 135,075 |
| total shareholders funds | 191,592 | 205,014 | 199,692 | 192,540 | 192,817 | 204,823 | 211,354 | 214,612 | 194,224 | 177,402 | 155,286 | 153,591 | 164,963 | 135,075 |
| 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 | 3,781 | 5,556 | 6,945 | 8,522 | 7,161 | 6,813 | 6,283 | 5,374 | 5,176 | 6,446 | 6,941 | 7,464 | ||
| Amortisation | 11,000 | 11,000 | 40,000 | 40,000 | 45,000 | 10,200 | 10,200 | 10,200 | 10,200 | 0 | 0 | 0 | ||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 9,998 | -87,467 | 48,752 | 58,845 | 16,313 | 5,095 | -4,318 | -1,302 | 1,113 | 1,405 | -2,142 | -5,893 | -2,542 | 40,917 |
| Creditors | 0 | -32,104 | 926 | 31,178 | 0 | 0 | 0 | -57,903 | -22,814 | -26,659 | 93,781 | -25,624 | -5,961 | 45,180 |
| Accruals and Deferred Income | -5,650 | 30,571 | 0 | -20,627 | 9,546 | -1,855 | -4,347 | 17,283 | 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 | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | -25,000 | 0 | 9,000 | 16,000 | 0 | 0 | 0 | 0 | -35,041 | 0 | 35,041 |
| 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 | -6,000 | -12,000 | 18,000 | 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 | -7,728 | 24,722 | 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 | -30,206 | 30,206 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -76,800 | -2,405 | -37,778 | 116,983 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -21,232 | 106,815 | 0 | -9,601 | 5,118 | -18,926 | 12,323 | 7,151 | -547 | 3,466 | -4,702 | 3,513 | -9,221 | 11,426 |
| overdraft | 785 | 6,190 | 0 | -2,586 | 2,586 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -22,017 | 100,625 | 0 | -7,015 | 2,532 | -18,926 | 12,323 | 7,151 | -547 | 3,466 | -4,702 | 3,513 | -9,221 | 11,426 |
butt & co accountants ltd. Credit Report and Business Information
Butt & Co Accountants Ltd. Competitor Analysis
Perform a competitor analysis for butt & co accountants ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.
butt & co accountants ltd. Ownership
BUTT & CO ACCOUNTANTS LTD. group structure
Butt & Co Accountants Ltd. has no subsidiary companies.
Ultimate parent company
BUTT & CO ACCOUNTANTS LTD.
04398533
butt & co accountants ltd. directors
Butt & Co Accountants Ltd. currently has 2 directors. The longest serving directors include Mr Mohamed Butt (Mar 2002) and Mr Mohammed Butt (Mar 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohamed Butt | United Kingdom | 77 years | Mar 2002 | - | Director |
| Mr Mohammed Butt | United Kingdom | 80 years | Mar 2002 | - | Director |
P&L
March 2023turnover
332.4k
+13%
operating profit
-14.7k
0%
gross margin
69.1%
+5.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
191.6k
-0.07%
total assets
240.5k
-0.1%
cash
85.6k
-0.2%
net assets
Total assets minus all liabilities
Similar Companies
butt & co accountants ltd. company details
company number
04398533
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
March 2002
age
22
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
161 ley street, ilford, essex, IG1 4BL
accountant
BUTT & CO ACCOUNTANTS LTD
auditor
-
butt & co accountants ltd. 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 2 charges/mortgages relating to butt & co accountants ltd.. Currently there are 0 open charges and 2 have been satisfied in the past.
butt & co accountants ltd. Companies House Filings - See Documents
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