euro accountants ltd
euro accountants ltd Company Information
Group Structure
View All
Industry
Accounting, and auditing activities
Registered Address
2nd floor, 39 ludgate hill, london, EC4M 7JN
Website
euro-accounting.comeuro accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of EURO ACCOUNTANTS LTD at £121.1k based on a Turnover of £171.2k and 0.71x industry multiple (adjusted for size and gross margin).
euro accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of EURO ACCOUNTANTS LTD at £0 based on an EBITDA of £-2.5k and a 4.54x industry multiple (adjusted for size and gross margin).
euro accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of EURO ACCOUNTANTS LTD at £42.1k based on Net Assets of £13.7k and 3.06x industry multiple (adjusted for liquidity).
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Euro Accountants Ltd Overview
Euro Accountants Ltd is a live company located in london, EC4M 7JN with a Companies House number of 05182380. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2004, it's largest shareholder is kunal vyas with a 100% stake. Euro Accountants Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £171.2k with declining growth in recent years.
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Euro Accountants Ltd Health Check
Pomanda's financial health check has awarded Euro Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £171.2k, make it in line with the average company (£211.6k)
- Euro Accountants Ltd
£211.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.9%)
- Euro Accountants Ltd
6.9% - Industry AVG
Production
with a gross margin of 49.5%, this company has a higher cost of product (94.7%)
- Euro Accountants Ltd
94.7% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (12%)
- Euro Accountants Ltd
12% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
- Euro Accountants Ltd
3 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has an equivalent pay structure (£35.3k)
- Euro Accountants Ltd
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £85.6k, this is equally as efficient (£79.7k)
- Euro Accountants Ltd
£79.7k - Industry AVG
Debtor Days
it gets paid by customers after 175 days, this is later than average (75 days)
- Euro Accountants Ltd
75 days - Industry AVG
Creditor Days
its suppliers are paid after 340 days, this is slower than average (24 days)
- Euro Accountants Ltd
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Euro Accountants Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Euro Accountants Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.4%, this is a higher level of debt than the average (51.1%)
85.4% - Euro Accountants Ltd
51.1% - Industry AVG
EURO ACCOUNTANTS LTD financials
Euro Accountants Ltd's latest turnover from October 2023 is estimated at £171.2 thousand and the company has net assets of £13.7 thousand. According to their latest financial statements, we estimate that Euro Accountants Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,835 | 11,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 2,448 | 3,263 | 4,351 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 79,200 | 79,200 | 79,200 | 65,810 | |||||||||||
| Total Fixed Assets | 11,835 | 11,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 81,035 | 81,035 | 81,035 | 1,835 | 1,835 | 68,258 | 3,263 | 4,351 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 82,411 | 113,855 | 128,652 | 128,993 | 77,646 | 77,770 | 78,116 | 914 | 914 | 915 | 80,115 | 80,115 | 21,996 | 5,141 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 2 | 2 | 1 | 1 | 1 | 1 | 142 | 6,826 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 82,411 | 113,855 | 128,652 | 128,993 | 77,646 | 77,770 | 78,116 | 916 | 916 | 916 | 80,116 | 80,116 | 1 | 22,138 | 11,967 |
| total assets | 94,246 | 125,690 | 130,487 | 130,828 | 79,481 | 79,605 | 79,951 | 81,951 | 81,951 | 81,951 | 81,951 | 81,951 | 68,259 | 25,401 | 16,318 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 80,499 | 76,299 | 76,299 | 76,298 | 57,282 | 57,117 | 62,113 | 63,574 | 63,192 | 62,864 | 62,604 | 62,391 | 47,574 | 2,764 | 2,830 |
| Group/Directors Accounts | 4,946 | 4,946 | 4,946 | 2,223 | |||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 80,499 | 76,299 | 76,299 | 76,298 | 62,228 | 62,063 | 62,113 | 63,574 | 63,192 | 62,864 | 62,604 | 62,391 | 47,574 | 7,710 | 5,053 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 33,134 | 37,500 | 37,500 | ||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 33,134 | 37,500 | 37,500 | ||||||||||||
| total liabilities | 80,499 | 109,433 | 113,799 | 113,798 | 62,228 | 62,063 | 62,113 | 63,574 | 63,192 | 62,864 | 62,604 | 62,391 | 47,574 | 7,710 | 5,053 |
| net assets | 13,747 | 16,257 | 16,688 | 17,030 | 17,253 | 17,542 | 17,838 | 18,377 | 18,759 | 19,087 | 19,347 | 19,560 | 20,685 | 17,691 | 11,265 |
| total shareholders funds | 13,747 | 16,257 | 16,688 | 17,030 | 17,253 | 17,542 | 17,838 | 18,377 | 18,759 | 19,087 | 19,347 | 19,560 | 20,685 | 17,691 | 11,265 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 613 | 815 | 1,088 | 506 | |||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -31,444 | -14,797 | -341 | 51,347 | -124 | -346 | -1,998 | -1 | 14,305 | 43,814 | 16,855 | 5,141 | |||
| Creditors | 4,200 | 1 | 19,016 | 165 | -4,996 | -1,461 | 382 | 328 | 260 | 213 | 14,817 | 44,810 | -66 | 2,830 | |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -4,946 | 4,946 | -4,946 | 2,723 | 2,223 | ||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -33,134 | -4,366 | 37,500 | ||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -2 | 1 | -141 | -6,684 | 6,826 | ||||||||||
| overdraft | |||||||||||||||
| change in cash | -2 | 1 | -141 | -6,684 | 6,826 |
euro accountants ltd Credit Report and Business Information
Euro Accountants Ltd Competitor Analysis
Perform a competitor analysis for euro accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC4M area or any other competitors across 12 key performance metrics.
euro accountants ltd Ownership
EURO ACCOUNTANTS LTD group structure
Euro Accountants Ltd has no subsidiary companies.
Ultimate parent company
EURO ACCOUNTANTS LTD
05182380
euro accountants ltd directors
Euro Accountants Ltd currently has 1 director, Mr Kunal Vyas serving since Jul 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kunal Vyas | 53 years | Jul 2023 | - | Director |
P&L
October 2023turnover
171.2k
-24%
operating profit
-2.5k
0%
gross margin
49.6%
-5.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
13.7k
-0.15%
total assets
94.2k
-0.25%
cash
0
0%
net assets
Total assets minus all liabilities
euro accountants ltd company details
company number
05182380
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
July 2004
age
21
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
mca technology ltd (November 2004)
accountant
-
auditor
-
address
2nd floor, 39 ludgate hill, london, EC4M 7JN
Bank
-
Legal Advisor
-
euro 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 did not find charges/mortgages relating to euro accountants ltd.
euro accountants ltd 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.
Click to start generating capital raising & share issue transactions for EURO ACCOUNTANTS LTD. This can take several minutes, an email will notify you when this has completed.
euro accountants ltd Companies House Filings - See Documents
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