access financial services limited
access financial services limited Company Information
Company Number
04427489
Registered Address
8 st. james's square, london, SW1Y 4JU
Industry
Activities of insurance agents and brokers
Telephone
01202896037
Next Accounts Due
January 2025
Group Structure
View All
Directors
Karl Wilkinson7 Years
Shareholders
karl wilkinson 100%
access financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS FINANCIAL SERVICES LIMITED at £1.2m based on a Turnover of £793.8k and 1.45x industry multiple (adjusted for size and gross margin).
access financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS FINANCIAL SERVICES LIMITED at £2.5m based on an EBITDA of £419.9k and a 5.94x industry multiple (adjusted for size and gross margin).
access financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS FINANCIAL SERVICES LIMITED at £663.2k based on Net Assets of £398.3k and 1.67x industry multiple (adjusted for liquidity).
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Access Financial Services Limited Overview
Access Financial Services Limited is a live company located in london, SW1Y 4JU with a Companies House number of 04427489. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in April 2002, it's largest shareholder is karl wilkinson with a 100% stake. Access Financial Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £793.8k with healthy growth in recent years.
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Access Financial Services Limited Health Check
Pomanda's financial health check has awarded Access Financial Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £793.8k, make it smaller than the average company (£2.6m)
- Access Financial Services Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.5%)
- Access Financial Services Limited
5.5% - Industry AVG
Production
with a gross margin of 96.9%, this company has a comparable cost of product (96.9%)
- Access Financial Services Limited
96.9% - Industry AVG
Profitability
an operating margin of 52.5% make it more profitable than the average company (19.8%)
- Access Financial Services Limited
19.8% - Industry AVG
Employees
with 11 employees, this is below the industry average (18)
11 - Access Financial Services Limited
18 - Industry AVG
Pay Structure
on an average salary of £48.9k, the company has an equivalent pay structure (£48.9k)
- Access Financial Services Limited
£48.9k - Industry AVG
Efficiency
resulting in sales per employee of £72.2k, this is less efficient (£110.3k)
- Access Financial Services Limited
£110.3k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (75 days)
- Access Financial Services Limited
75 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (131 days)
- Access Financial Services Limited
131 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Access Financial Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 258 weeks, this is more cash available to meet short term requirements (36 weeks)
258 weeks - Access Financial Services Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a higher level of debt than the average (59.4%)
69.2% - Access Financial Services Limited
59.4% - Industry AVG
ACCESS FINANCIAL SERVICES LIMITED financials
Access Financial Services Limited's latest turnover from April 2023 is estimated at £793.8 thousand and the company has net assets of £398.3 thousand. According to their latest financial statements, Access Financial Services Limited has 11 employees and maintains cash reserves of £893.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,271 | 24,384 | ||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | ||||||||||||
| Interest Receivable | 0 | 0 | ||||||||||||
| Pre-Tax Profit | -8,768 | -482 | ||||||||||||
| Tax | 0 | 0 | ||||||||||||
| Profit After Tax | -8,768 | -482 | ||||||||||||
| Dividends Paid | 0 | 0 | ||||||||||||
| Retained Profit | -8,768 | -482 | ||||||||||||
| Employee Costs | 6,278 | 7,635 | ||||||||||||
| Number Of Employees | 11 | 8 | 5 | 2 | 2 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,886 | 3,993 | 5,025 | 6,700 | 4,507 | 3,714 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 4 | 4 | 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 | 3,886 | 3,993 | 5,025 | 6,704 | 4,511 | 3,714 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 62,339 | 54,049 | 104,434 | 275,103 | 82,265 | 74,715 | 7,659 | 7,659 | 7,659 | 16,000 | 16,000 | 22,000 | 22,000 | 22,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 333,969 | 94,099 | 113,632 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 893,715 | 389,897 | 189,879 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 2,386 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,290,023 | 538,045 | 407,945 | 275,103 | 82,265 | 77,101 | 7,659 | 7,659 | 7,659 | 16,000 | 16,000 | 22,000 | 22,000 | 22,000 |
| total assets | 1,293,909 | 542,038 | 412,970 | 281,807 | 86,776 | 80,815 | 7,659 | 7,659 | 7,659 | 16,000 | 16,000 | 22,000 | 22,000 | 22,169 |
| Bank overdraft | 0 | 0 | 52,183 | 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 | 233 | 2,713 | 1,292 | 59,651 | 23,109 | 20,544 | 12,358 | 4,310 | 3,828 | 12,053 | 15,803 | 19,031 | 21,573 | 21,896 |
| 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 | 179,479 | 96,928 | 49,833 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 179,712 | 99,641 | 103,308 | 59,651 | 23,109 | 20,544 | 12,358 | 4,310 | 3,828 | 12,053 | 15,803 | 19,031 | 21,573 | 21,896 |
| loans | 92,500 | 122,500 | 125,000 | 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 | 16,643 | 720 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 75,189 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 623,403 | 246,439 | 184,641 | 146,204 | 63,622 | 43,622 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 715,903 | 368,939 | 309,641 | 221,393 | 63,622 | 60,265 | 720 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 895,615 | 468,580 | 412,949 | 281,044 | 86,731 | 80,809 | 13,078 | 4,310 | 3,828 | 12,053 | 15,803 | 19,031 | 21,573 | 21,896 |
| net assets | 398,294 | 73,458 | 21 | 763 | 45 | 6 | -5,419 | 3,349 | 3,831 | 3,947 | 197 | 2,969 | 427 | 273 |
| total shareholders funds | 398,294 | 73,458 | 21 | 763 | 45 | 6 | -5,419 | 3,349 | 3,831 | 3,947 | 197 | 2,969 | 427 | 273 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 3,046 | 1,331 | 0 | 0 | 0 | 0 | 0 | 0 | 169 | 285 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 0 | 0 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 248,160 | -69,918 | -57,037 | 192,838 | 7,550 | 67,056 | 0 | 0 | -8,341 | 0 | -6,000 | 0 | 0 | 22,000 |
| Creditors | -2,480 | 1,421 | -58,359 | 36,542 | 2,565 | 8,186 | 8,048 | 482 | -8,225 | -3,750 | -3,228 | -2,542 | -323 | 21,896 |
| Accruals and Deferred Income | 82,551 | 47,095 | 49,833 | 0 | -16,643 | 15,923 | 720 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 376,964 | 61,798 | 38,437 | 82,582 | 20,000 | 43,622 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -4 | 0 | 4 | 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 | 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 | -30,000 | -2,500 | 125,000 | 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 | -75,189 | 75,189 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | ||||||||||||
| cash flow from financing | 0 | 0 | ||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 503,818 | 200,018 | 189,879 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | -52,183 | 52,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 503,818 | 252,201 | 137,696 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
access financial services limited Credit Report and Business Information
Access Financial Services Limited Competitor Analysis
Perform a competitor analysis for access financial services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
access financial services limited Ownership
ACCESS FINANCIAL SERVICES LIMITED group structure
Access Financial Services Limited has no subsidiary companies.
Ultimate parent company
ACCESS FINANCIAL SERVICES LIMITED
04427489
access financial services limited directors
Access Financial Services Limited currently has 1 director, Mr Karl Wilkinson serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Karl Wilkinson | England | 51 years | Feb 2017 | - | Director |
P&L
April 2023turnover
793.8k
+35%
operating profit
416.9k
0%
gross margin
96.9%
+3.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
398.3k
+4.42%
total assets
1.3m
+1.39%
cash
893.7k
+1.29%
net assets
Total assets minus all liabilities
access financial services limited company details
company number
04427489
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
April 2002
age
22
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
richard james partnership ltd (February 2018)
tailored mortgages limited (May 2017)
last accounts submitted
April 2023
address
8 st. james's square, london, SW1Y 4JU
accountant
SAIRIDES CONSULTANCY SERVICES LTD
auditor
-
access financial services 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 2 charges/mortgages relating to access financial services limited. Currently there are 0 open charges and 2 have been satisfied in the past.
access financial services limited Companies House Filings - See Documents
| date | description | view/download |
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