Lex Accounting Services Limited

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lex accounting services limited Company Information

Dissolved

Company Number

05065471

Website

Registered Address

12 northfields prospect, putney bridge road, london, SW18 1PE

Industry

Bookkeeping activities

Telephone

Next Accounts Due

October 2024

Group Structure

View All

Directors

Stuart Taylor19 Years

Shareholders

stuart anthony taylor 50%

christine elizabeth taylor 50%

lex accounting services limited Estimated Valuation

£110.3k

Pomanda estimates the enterprise value of LEX ACCOUNTING SERVICES LIMITED at £110.3k based on Net Assets of £25k and 4.41x industry multiple (adjusted for liquidity).

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Lex Accounting Services Limited is a dissolved company that was located in london, SW18 1PE with a Companies House number of 05065471. It operated in the bookkeeping activities sector, SIC Code 69202. Founded in March 2004, it's largest shareholder was stuart anthony taylor with a 50% stake. The last turnover for Lex Accounting Services Limited was estimated at £88.6k.

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Pomanda's financial health check has awarded Lex Accounting Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

3 Weak

Size

annual sales of £88.6k, make it in line with the average company (£79.9k)

Growth

3 year (CAGR) sales growth of 197%, show it is growing at a faster rate (8%)

EXPORT

Lex Accounting Services Limited's latest turnover from March 2019 is estimated at £88.6 thousand and the company has net assets of £25 thousand. According to their latest financial statements, we estimate that Lex Accounting Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	88,644	187,842	172,527	3,373	9,737	5,858	27,107	107,957	22,807	26,855
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	28,923	61,234	70,168	1,071	3,583	2,165	9,655	64,103	9,535	10,936
Gross Profit	59,721	126,608	102,359	2,301	6,154	3,694	17,453	43,853	13,272	15,920
Admin Expenses	69,118	136,756	100,632	4,115	33,898	-10,413	6,975	26,935	-11,814	-14,355
Operating Profit	-9,397	-10,148	1,727	-1,814	-27,744	14,107	10,478	16,918	25,086	30,275
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	77	281	321	350	245	194	232	127
Pre-Tax Profit	-9,397	-10,148	1,804	-1,533	-27,423	14,457	10,724	17,112	25,318	30,403
Tax	0	0	-361	0	0	-3,325	-2,574	-4,449	-7,089	-8,513
Profit After Tax	-9,397	-10,148	1,443	-1,533	-27,423	11,132	8,150	12,663	18,229	21,890
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-9,397	-10,148	1,443	-1,533	-27,423	11,132	8,150	12,663	18,229	21,890
Employee Costs	29,312	41,706	65,931	18,137	18,196	18,491	23,676	48,746	11,400	9,833
Number Of Employees	2	3	3	1	1	1	1	2	1	1
EBITDA*	-9,397	-10,148	1,727	-1,748	-27,656	14,129	10,508	16,957	25,138	34,324

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	109	109	145	194	260	66	88	118	157	146
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	109	109	145	194	260	66	88	118	157	146
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	32,764	60,336	52,003	752	2,152	1,312	5,871	23,683	4,936	6,045
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	61,743	50,694	77,693	62,197	35,880	41,728	50,996
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	32,764	60,336	52,003	62,495	52,846	79,005	68,068	59,563	46,664	57,041
total assets	32,873	60,445	52,148	62,689	53,106	79,071	68,156	59,681	46,821	57,187
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	7,867	26,042	7,597	19,481	8,365	6,907	7,124	6,799	6,602	35,197
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	7,867	26,042	7,597	19,481	8,365	6,907	7,124	6,799	6,602	35,197
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0
total liabilities	7,867	26,042	7,597	19,481	8,365	6,907	7,124	6,799	6,602	35,197
net assets	25,006	34,403	44,551	43,208	44,741	72,164	61,032	52,882	40,219	21,990
total shareholders funds	25,006	34,403	44,551	43,208	44,741	72,164	61,032	52,882	40,219	21,990

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-9,397	-10,148	1,727	-1,814	-27,744	14,107	10,478	16,918	25,086	30,275
Depreciation	0	0	0	66	88	22	30	39	52	49
Amortisation	0	0	0	0	0	0	0	0	0	4,000
Tax	0	0	-361	0	0	-3,325	-2,574	-4,449	-7,089	-8,513
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-27,572	8,333	51,251	-1,400	840	-4,559	-17,812	18,747	-1,109	6,045
Creditors	-18,175	18,445	-11,884	11,116	1,458	-217	325	197	-28,595	35,197
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	-36	-61,769	10,768	-27,038	15,146	26,071	-6,042	-9,437	54,963
Investing Activities
capital expenditure	0	36	49	0	-282	0	0	0	-63	-4,195
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	36	49	0	-282	0	0	0	-63	-4,195
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	-100	0	0	0	0	0	0	100
interest	0	0	77	281	321	350	245	194	232	127
cash flow from financing	0	0	-23	281	321	350	245	194	232	227
cash and cash equivalents
cash	0	0	-61,743	11,049	-26,999	15,496	26,317	-5,848	-9,268	50,996
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	-61,743	11,049	-26,999	15,496	26,317	-5,848	-9,268	50,996

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for lex accounting services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in SW18 area or any other competitors across 12 key performance metrics.

LEX ACCOUNTING SERVICES LIMITED group structure

Lex Accounting Services Limited has no subsidiary companies.

Ultimate parent company

LEX ACCOUNTING SERVICES LIMITED

05065471

LEX ACCOUNTING SERVICES LIMITED Shareholders

stuart anthony taylor	50%
christine elizabeth taylor	50%

Lex Accounting Services Limited currently has 1 director, Mr Stuart Taylor serving since Feb 2005.

officer	country	age	start	end	role
Mr Stuart Taylor		80 years	Feb 2005	-	Director

P&L

March 2019

turnover

88.6k

-53%

operating profit

-9.4k

gross margin

67.4%

-0.04%

turnover

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

Balance Sheet

March 2019

net assets

25k

-0.27%

total assets

32.9k

-0.46%

cash

net assets

Total assets minus all liabilities

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company number

05065471

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

March 2004

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

jepstar ventures limited (February 2005)

last accounts submitted

March 2019

address

12 northfields prospect, putney bridge road, london, SW18 1PE

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 lex accounting services limited.

lex accounting services limited Company Information

lex accounting services limited Estimated Valuation

lex accounting services limited Estimated Valuation

lex accounting services limited Estimated Valuation

Lex Accounting Services Limited Overview

Lex Accounting Services Limited Health Check

LEX ACCOUNTING SERVICES LIMITED financials

lex accounting services limited Credit Report and Business Information

Lex Accounting Services Limited Competitor Analysis

lex accounting services limited Ownership

lex accounting services limited directors

lex accounting services limited company details

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lex accounting services limited Companies House Filings - See Documents