Accountworks Limited

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accountworks limited Company Information

Live (In Liquidation)

MatureMicroHealthy

Company Number

05263357

Website

www.accountworks.net

Registered Address

suite 501 unit 2, 94a wycliffe road, northampton, NN1 5JF

Industry

Bookkeeping activities

Accounting, and auditing activities

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Telephone

02088866468

Next Accounts Due

August 2025

Group Structure

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Directors

Christakis Pringis19 Years

Shareholders

christakis pringis 100%

accountworks limited Estimated Valuation

£140.4k

Pomanda estimates the enterprise value of ACCOUNTWORKS LIMITED at £140.4k based on a Turnover of £153.9k and 0.91x industry multiple (adjusted for size and gross margin).

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Accountworks Limited is a live company located in northampton, NN1 5JF with a Companies House number of 05263357. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in October 2004, it's largest shareholder is christakis pringis with a 100% stake. Accountworks Limited is a mature, micro sized company, Pomanda has estimated its turnover at £153.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Accountworks Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £153.9k, make it in line with the average company (£137.8k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.9%)

EXPORT

Accountworks Limited's latest turnover from November 2023 is estimated at £153.9 thousand and the company has net assets of £172 thousand. According to their latest financial statements, Accountworks Limited has 1 employee and maintains cash reserves of £61.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 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	153,856	90,081	128,468	130,472	126,166	138,551	165,904	231,331	349,994	329,960	297,552	251,648	222,127	165,614	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	92,259	56,613	68,824	57,947	49,897	51,413	70,401	99,648	125,806	122,408	100,866	97,274	89,723	52,524	0
Gross Profit	61,598	33,468	59,644	72,525	76,268	87,137	95,504	131,683	224,188	207,551	196,685	154,374	132,405	113,090	0
Admin Expenses	63,806	21,855	-8,670	35,213	62,627	94,680	112,245	108,298	209,206	205,000	194,743	149,300	124,472	93,193	-34,918
Operating Profit	-2,208	11,613	68,314	37,312	13,641	-7,543	-16,741	23,385	14,982	2,551	1,942	5,074	7,933	19,897	34,918
Interest Payable	0	0	305	394	226	278	141	0	0	0	0	0	0	0	0
Interest Receivable	4,837	3,734	165	121	740	664	239	230	346	253	231	189	193	157	39
Pre-Tax Profit	2,629	15,347	68,174	37,040	14,156	-7,157	-16,642	23,615	15,328	2,804	2,173	5,263	8,126	20,054	34,957
Tax	-657	-2,916	-12,953	-7,038	-2,690	0	0	-4,723	-3,065	-589	-500	-1,263	-2,113	-5,615	-9,788
Profit After Tax	1,972	12,431	55,221	30,002	11,466	-7,157	-16,642	18,892	12,262	2,215	1,673	4,000	6,013	14,439	25,169
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,972	12,431	55,221	30,002	11,466	-7,157	-16,642	18,892	12,262	2,215	1,673	4,000	6,013	14,439	25,169
Employee Costs	23,767	27,349	48,639	39,324	77,396	58,565	66,545	60,026	90,230	124,955	153,174	82,162	90,205	43,371	0
Number Of Employees	1	1	2	2	3	3	3	2	3	4	4	3	3	2	0
EBITDA*	-2,208	14,997	72,826	42,001	19,402	-2,112	-11,638	26,561	18,899	7,774	2,804	6,223	8,969	20,943	36,262

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 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	0	10,151	13,535	14,068	17,284	16,293	15,310	9,526	11,754	15,671	2,586	3,448	3,107	3,140	4,032
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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	0	0	0	0	0
Total Fixed Assets	0	10,151	13,535	14,068	17,284	16,293	15,310	9,526	11,754	15,671	2,586	3,448	3,107	3,140	4,032
Stock & work in progress	0	0	0	0	0	0	4,975	0	0	4,225	430	1,300	450	220	300
Trade Debtors	114,997	56,547	88,315	91,895	59,077	73,990	72,758	90,580	96,721	74,417	79,618	60,960	58,013	38,314	28,817
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	5,417	5,417	5,417	2,167	0	0	0	0	0	0	0	0
Cash	61,259	132,233	199,709	130,954	111,996	85,436	91,706	99,869	83,877	54,446	46,583	45,800	29,895	47,237	15,591
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	176,256	188,780	288,024	228,266	176,490	164,843	171,606	190,449	180,598	133,088	126,631	108,060	88,358	85,771	44,708
total assets	176,256	198,931	301,559	242,334	193,774	181,136	186,916	199,975	192,352	148,759	129,217	111,508	91,465	88,911	48,740
Bank overdraft	0	0	0	0	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	0
Trade Creditors	4,298	28,945	144,004	130,000	0	1,917	7,493	7,786	126,579	95,248	77,921	61,885	45,842	49,301	23,569
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	118,509	114,602	106,900	107,524	0	0	0	0	0	0	0
total current liabilities	4,298	28,945	144,004	130,000	118,509	116,519	114,393	115,310	126,579	95,248	77,921	61,885	45,842	49,301	23,569
loans	0	0	0	10,000	2,933	3,751	4,500	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	10,000	2,933	3,751	4,500	0	0	0	0	0	0	0	0
total liabilities	4,298	28,945	144,004	140,000	121,442	120,270	118,893	115,310	126,579	95,248	77,921	61,885	45,842	49,301	23,569
net assets	171,958	169,986	157,555	102,334	72,332	60,866	68,023	84,665	65,773	53,511	51,296	49,623	45,623	39,610	25,171
total shareholders funds	171,958	169,986	157,555	102,334	72,332	60,866	68,023	84,665	65,773	53,511	51,296	49,623	45,623	39,610	25,171

	Nov 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	-2,208	11,613	68,314	37,312	13,641	-7,543	-16,741	23,385	14,982	2,551	1,942	5,074	7,933	19,897	34,918
Depreciation	0	3,384	4,512	4,689	5,761	5,431	5,103	3,176	3,917	5,223	862	1,149	1,036	1,046	1,344
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-657	-2,916	-12,953	-7,038	-2,690	0	0	-4,723	-3,065	-589	-500	-1,263	-2,113	-5,615	-9,788
Stock	0	0	0	0	0	-4,975	4,975	0	-4,225	3,795	-870	850	230	-80	300
Debtors	58,450	-31,768	-8,997	32,818	-14,913	4,482	-15,655	-6,141	22,304	-5,201	18,658	2,947	19,699	9,497	28,817
Creditors	-24,647	-115,059	14,004	130,000	-1,917	-5,576	-293	-118,793	31,331	17,327	16,036	16,043	-3,459	25,732	23,569
Accruals and Deferred Income	0	0	0	-118,509	3,907	7,702	-624	107,524	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-85,962	-71,210	82,874	13,636	33,615	507	-1,875	16,710	29,086	25,918	552	17,206	-16,532	31,643	20,926
Investing Activities
capital expenditure	10,151	0	-3,979	-1,473	-6,752	-6,414	-10,887	-948	0	-18,308	0	-1,490	-1,003	-154	-5,376
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	10,151	0	-3,979	-1,473	-6,752	-6,414	-10,887	-948	0	-18,308	0	-1,490	-1,003	-154	-5,376
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-10,000	7,067	-818	-749	4,500	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	4,837	3,734	-140	-273	514	386	98	230	346	253	231	189	193	157	39
cash flow from financing	4,837	3,734	-10,140	6,794	-304	-363	4,598	230	346	253	231	189	193	157	41
cash and cash equivalents
cash	-70,974	-67,476	68,755	18,958	26,560	-6,270	-8,163	15,992	29,431	7,863	783	15,905	-17,342	31,646	15,591
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-70,974	-67,476	68,755	18,958	26,560	-6,270	-8,163	15,992	29,431	7,863	783	15,905	-17,342	31,646	15,591

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACCOUNTWORKS LIMITED group structure

Accountworks Limited has no subsidiary companies.

Ultimate parent company

ACCOUNTWORKS LIMITED

05263357

ACCOUNTWORKS LIMITED Shareholders

christakis pringis

100%

Accountworks Limited currently has 1 director, Mr Christakis Pringis serving since Oct 2004.

officer	country	age	start	end	role
Mr Christakis Pringis		55 years	Oct 2004	-	Director

P&L

November 2023

turnover

153.9k

+71%

operating profit

-2.2k

gross margin

40.1%

+7.76%

turnover

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

Balance Sheet

November 2023

net assets

172k

+0.01%

total assets

176.3k

-0.11%

cash

61.3k

-0.54%

net assets

Total assets minus all liabilities

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company number

05263357

Type

Private limited with Share Capital

industry

69203 - Tax consultancy

69202 - Bookkeeping activities

69201 - Accounting, and auditing activities

incorporation date

October 2004

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

November 2023

address

suite 501 unit 2, 94a wycliffe road, northampton, NN1 5JF

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.

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accountworks limited Company Information

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accountworks limited Estimated Valuation

accountworks limited Estimated Valuation

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