abbey accountants limited

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abbey accountants limited Company Information

Share ABBEY ACCOUNTANTS LIMITED

Company Number

04430036

Directors

Andrew Hill

Ahsan Khan

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Shareholders

cartwrights accountants ltd

Group Structure

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Industry

Accounting, and auditing activities

 +2

Registered Address

33 regency house wood street, barnet, EN5 4BE

abbey accountants limited Estimated Valuation

£253.3k

Pomanda estimates the enterprise value of ABBEY ACCOUNTANTS LIMITED at £253.3k based on a Turnover of £449.6k and 0.56x industry multiple (adjusted for size and gross margin).

abbey accountants limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ABBEY ACCOUNTANTS LIMITED at £0 based on an EBITDA of £-20.3k and a 3.62x industry multiple (adjusted for size and gross margin).

abbey accountants limited Estimated Valuation

£305.6k

Pomanda estimates the enterprise value of ABBEY ACCOUNTANTS LIMITED at £305.6k based on Net Assets of £86.7k and 3.53x industry multiple (adjusted for liquidity).

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Abbey Accountants Limited Overview

Abbey Accountants Limited is a live company located in barnet, EN5 4BE with a Companies House number of 04430036. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2002, it's largest shareholder is cartwrights accountants ltd with a 100% stake. Abbey Accountants Limited is a mature, micro sized company, Pomanda has estimated its turnover at £449.6k with low growth in recent years.

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Abbey Accountants Limited Health Check

Pomanda's financial health check has awarded Abbey Accountants Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £449.6k, make it larger than the average company (£162.8k)

£449.6k - Abbey Accountants Limited

£162.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7%)

1% - Abbey Accountants Limited

7% - Industry AVG

production

Production

with a gross margin of 41%, this company has a higher cost of product (81.1%)

41% - Abbey Accountants Limited

81.1% - Industry AVG

profitability

Profitability

an operating margin of -4.5% make it less profitable than the average company (7.2%)

-4.5% - Abbey Accountants Limited

7.2% - Industry AVG

employees

Employees

with 8 employees, this is above the industry average (3)

8 - Abbey Accountants Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.5k, the company has an equivalent pay structure (£36.5k)

£36.5k - Abbey Accountants Limited

£36.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £56.2k, this is less efficient (£74.4k)

£56.2k - Abbey Accountants Limited

£74.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 186 days, this is later than average (85 days)

186 days - Abbey Accountants Limited

85 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 199 days, this is slower than average (27 days)

199 days - Abbey Accountants Limited

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Abbey Accountants Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Abbey Accountants Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.5%, this is a similar level of debt than the average (58.9%)

62.5% - Abbey Accountants Limited

58.9% - Industry AVG

ABBEY ACCOUNTANTS LIMITED financials

EXPORTms excel logo

Abbey Accountants Limited's latest turnover from April 2024 is estimated at £449.6 thousand and the company has net assets of £86.7 thousand. According to their latest financial statements, Abbey Accountants Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover449,555570,932468,316433,992408,864469,731430,000645,529160,505335,776385,475550,985485,302428,545496,650
Other Income Or Grants
Cost Of Sales265,418335,030275,837246,904207,434173,843159,682271,27764,275121,455129,085165,874202,350148,480163,240
Gross Profit184,137235,903192,480187,088201,430295,888270,318374,25296,231214,321256,390385,111282,952280,065333,410
Admin Expenses204,423226,402170,344161,993184,766268,909310,553269,85081,973192,094246,758366,321275,986293,043395,702
Operating Profit-20,2869,50122,13625,09516,66426,979-40,235104,40214,25822,2279,63218,7906,966-12,978-62,292
Interest Payable
Interest Receivable19267654236821116410233
Pre-Tax Profit-20,2869,50122,13625,09516,66426,979-40,235104,59414,93422,77010,00019,0017,130-12,876-62,259
Tax-1,805-4,206-4,768-3,166-5,126-20,919-2,987-4,782-2,300-4,560-1,854
Profit After Tax-20,2867,69617,93020,32713,49821,853-40,23583,67511,94717,9887,70014,4415,276-12,876-62,259
Dividends Paid
Retained Profit-20,2867,69617,93020,32713,49821,853-40,23583,67511,94717,9887,70014,4415,276-12,876-62,259
Employee Costs292,164293,031215,334191,885170,266159,809150,521184,74859,330115,318167,026197,580155,235131,312144,279
Number Of Employees898875562456556
EBITDA*-20,2869,50122,13625,09516,66426,979-40,235104,40219,98924,91815,40324,11611,606-6,401-57,628

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,9093,2563,1703,8922,0252,9505,81610,60313,5965,3276,5187,99811,42014,5818,691
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,9093,2563,1703,8922,0252,9505,81610,60313,5965,3276,5187,99811,42014,5818,691
Stock & work in progress
Trade Debtors229,487323,720290,054293,125231,016213,400179,348222,59446,80079,55787,868133,965112,17798,831131,553
Group Debtors
Misc Debtors
Cash153,531116,792100,12747,10337,45227,95513,016
misc current assets
total current assets229,487323,720290,054293,125231,016213,400179,348222,594200,331196,349187,995181,068149,629126,786144,569
total assets231,396326,976293,224297,017233,041216,350185,164233,197213,927201,676194,513189,066161,049141,367153,260
Bank overdraft
Bank loan
Trade Creditors 144,721220,015193,959215,682172,033168,840159,507167,305231,560231,256242,08157,37742,793216,352215,369
Group/Directors Accounts186,957187,965
other short term finances
hp & lease commitments
other current liabilities
total current liabilities144,721220,015193,959215,682172,033168,840159,507167,305231,560231,256242,081244,334230,758216,352215,369
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities144,721220,015193,959215,682172,033168,840159,507167,305231,560231,256242,081244,334230,758216,352215,369
net assets86,675106,96199,26581,33561,00847,51025,65765,892-17,633-29,580-47,568-55,268-69,709-74,985-62,109
total shareholders funds86,675106,96199,26581,33561,00847,51025,65765,892-17,633-29,580-47,568-55,268-69,709-74,985-62,109
Apr 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-20,2869,50122,13625,09516,66426,979-40,235104,40214,25822,2279,63218,7906,966-12,978-62,292
Depreciation5,7312,6915,7715,3264,6406,5774,664
Amortisation
Tax-1,805-4,206-4,768-3,166-5,126-20,919-2,987-4,782-2,300-4,560-1,854
Stock
Debtors-94,23333,666-3,07162,10917,61634,052-43,246175,794-32,757-8,311-46,09721,78813,346-32,722131,553
Creditors-75,29426,056-21,72343,6493,1939,333-7,798-64,255304-10,825184,70414,584-173,559983215,369
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-1,34786-7221,867-925-2,866-4,787-156,56650,06317,622243,90412,352-177,15327,30426,188
Investing Activities
capital expenditure1,347-86722-1,8679252,8664,7872,993-14,000-1,500-4,291-1,904-1,479-12,467-13,355
Change in Investments
cash flow from investments1,347-86722-1,8679252,8664,7872,993-14,000-1,500-4,291-1,904-1,479-12,467-13,355
Financing Activities
Bank loans
Group/Directors Accounts-186,957-1,008187,965
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-150150
interest19267654236821116410233
cash flow from financing42676542-186,589-797188,129102183
cash and cash equivalents
cash-153,53136,73916,66553,0249,6519,49714,93913,016
overdraft
change in cash-153,53136,73916,66553,0249,6519,49714,93913,016

abbey accountants limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Abbey Accountants Limited Competitor Analysis

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Perform a competitor analysis for abbey accountants limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EN5 area or any other competitors across 12 key performance metrics.

abbey accountants limited Ownership

ABBEY ACCOUNTANTS LIMITED group structure

Abbey Accountants Limited has no subsidiary companies.

Ultimate parent company

1 parent

ABBEY ACCOUNTANTS LIMITED

04430036

ABBEY ACCOUNTANTS LIMITED Shareholders

cartwrights accountants ltd 100%

abbey accountants limited directors

Abbey Accountants Limited currently has 5 directors. The longest serving directors include Mr Andrew Hill (Jun 2024) and Mr Ahsan Khan (Jun 2024).

officercountryagestartendrole
Mr Andrew HillEngland51 years Jun 2024- Director
Mr Ahsan KhanEngland59 years Jun 2024- Director
Mr Matthew BrownEngland51 years Jun 2024- Director
Mr Eric McIntyreUnited Kingdom59 years Jun 2024- Director
Mr Mansoor KhawarEngland46 years Jan 2025- Director

P&L

April 2024

turnover

449.6k

-21%

operating profit

-20.3k

0%

gross margin

41%

-0.87%

turnover

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

Balance Sheet

April 2024

net assets

86.7k

-0.19%

total assets

231.4k

-0.29%

cash

0

0%

net assets

Total assets minus all liabilities

abbey accountants limited company details

company number

04430036

Type

Private limited with Share Capital

industry

69203 - Tax consultancy

69201 - Accounting, and auditing activities

69202 - Bookkeeping activities

incorporation date

May 2002

age

23

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

33 regency house wood street, barnet, EN5 4BE

Bank

-

Legal Advisor

-

abbey accountants 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 did not find charges/mortgages relating to abbey accountants limited.

abbey accountants limited Capital Raised & Share Issues BETA

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abbey accountants limited Companies House Filings - See Documents

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