Nigel Rees Accountancy Limited

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nigel rees accountancy limited Company Information

Live (In Liquidation)

EstablishedMicroDeclining

Company Number

05353817

Website

www.nigelreesaccountancy.co.uk

Registered Address

insolvency direct ltd, saxon house, cheltenham, GL52 6QX

Industry

Accounting, and auditing activities

Telephone

01554759777

Next Accounts Due

December 2024

Group Structure

View All

Directors

Nigel Rees19 Years

Shareholders

nigel clive rees 100%

nigel rees accountancy limited Estimated Valuation

£111.2k

Pomanda estimates the enterprise value of NIGEL REES ACCOUNTANCY LIMITED at £111.2k based on a Turnover of £139.4k and 0.8x industry multiple (adjusted for size and gross margin).

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Nigel Rees Accountancy Limited is a live company located in cheltenham, GL52 6QX with a Companies House number of 05353817. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2005, it's largest shareholder is nigel clive rees with a 100% stake. Nigel Rees Accountancy Limited is a established, micro sized company, Pomanda has estimated its turnover at £139.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Nigel Rees Accountancy Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

4 Regular

5 Weak

Size

annual sales of £139.4k, make it in line with the average company (£140.8k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5.8%)

EXPORT

Nigel Rees Accountancy Limited's latest turnover from March 2023 is estimated at £139.4 thousand and the company has net assets of £1.5 thousand. According to their latest financial statements, Nigel Rees Accountancy Limited has 2 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	139,364	63,222	63,311	207,053	173,790	134,927	138,423	912,595	854,704	658,689	629,961	603,957	185,728	151,859
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	43,943	21,971	21,332	35,036	22,213	10,060	8,211	69,486	77,509	54,315	75,358	68,043	14,647	15,129
Gross Profit	95,421	41,252	41,979	172,017	151,578	124,867	130,212	843,110	777,195	604,374	554,604	535,915	171,081	136,730
Admin Expenses	110,566	39,016	64,039	406,327	105,746	76,441	105,895	806,226	736,118	576,588	520,393	502,941	155,205	73,119
Operating Profit	-15,145	2,236	-22,060	-234,310	45,832	48,426	24,317	36,884	41,077	27,786	34,211	32,974	15,876	63,611
Interest Payable	9,955	7,144	2,623	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,198	533	46	62	457	212	81	98	52	27	4	9	32	25
Pre-Tax Profit	-22,902	-4,374	-24,637	-234,248	46,289	48,638	24,398	36,981	41,129	27,813	34,214	32,982	15,908	63,636
Tax	0	0	0	0	-8,795	-9,241	-4,879	-7,396	-8,637	-6,397	-8,211	-8,575	-4,454	-17,818
Profit After Tax	-22,902	-4,374	-24,637	-234,248	37,494	39,397	19,518	29,585	32,492	21,416	26,003	24,407	11,454	45,818
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-22,902	-4,374	-24,637	-234,248	37,494	39,397	19,518	29,585	32,492	21,416	26,003	24,407	11,454	45,818
Employee Costs	41,276	63,319	60,938	68,815	90,491	89,146	100,229	413,838	393,746	328,573	309,890	323,088	105,683	66,112
Number Of Employees	2	3	3	4	4	4	4	15	14	11	11	12	4	3
EBITDA*	-15,145	2,236	-22,060	-234,310	45,832	48,426	24,317	36,884	41,077	27,786	34,211	33,141	16,114	63,849

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	0	0	75,000	75,000	0	0	0	167	405
Intangible Assets	75,000	75,000	75,000	75,000	75,000	75,000	75,000	0	0	75,000	75,000	75,000	75,000	75,000
Investments & Other	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
Total Fixed Assets	75,000	75,000	75,000	75,000	75,000	75,000	75,000	75,000	75,000	75,000	75,000	75,000	75,167	75,405
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	977	1,097	45,260	34,561	20,790	18,298	150,110	127,890	89,939	88,889	86,970	26,165	20,367
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	161,521	156,596	134,546	0	0	0	0	0	31,961	29,309
Cash	3,128	100,328	41,930	50,728	73,464	48,480	36,472	28,320	10,773	9,962	798	660	2,802	9,939
misc current assets	0	0	35,126	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,128	101,305	78,153	95,988	269,546	225,866	189,316	178,430	138,663	99,901	89,687	87,630	60,928	59,615
total assets	78,128	176,305	153,153	170,988	344,546	300,866	264,316	253,430	213,663	174,901	164,687	162,630	136,095	135,020
Bank overdraft	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
Trade Creditors	0	0	0	0	0	0	0	27,726	24,515	22,630	22,775	44,044	18,489	29,728
Group/Directors Accounts	0	0	0	93,348	31,556	25,687	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	8,015	26,217	38,354	24,204	25,306	24,989	27,735	0	0	0	0	0	0	0
total current liabilities	8,015	26,217	38,354	117,552	56,862	50,676	27,735	27,726	24,515	22,630	22,775	44,044	18,489	29,728
loans	68,590	125,663	86,000	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	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	25,788	34,429	27,458	23,073	34,130	36,807	60,234	59,374
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	68,590	125,663	86,000	0	0	0	25,788	34,429	27,458	23,073	34,130	36,807	60,234	59,374
total liabilities	76,605	151,880	124,354	117,552	56,862	50,676	53,523	62,155	51,973	45,703	56,905	80,851	78,723	89,102
net assets	1,523	24,425	28,799	53,436	287,684	250,190	210,793	191,275	161,690	129,198	107,782	81,779	57,372	45,918
total shareholders funds	1,523	24,425	28,799	53,436	287,684	250,190	210,793	191,275	161,690	129,198	107,782	81,779	57,372	45,918

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-15,145	2,236	-22,060	-234,310	45,832	48,426	24,317	36,884	41,077	27,786	34,211	32,974	15,876	63,611
Depreciation	0	0	0	0	0	0	0	0	0	0	0	167	238	238
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-8,795	-9,241	-4,879	-7,396	-8,637	-6,397	-8,211	-8,575	-4,454	-17,818
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-977	-120	-44,163	-150,822	18,696	24,542	2,734	22,220	37,951	1,050	1,919	28,844	8,450	49,676
Creditors	0	0	0	0	0	0	-27,726	3,211	1,885	-145	-21,269	25,555	-11,239	29,728
Accruals and Deferred Income	-18,202	-12,137	14,150	-1,102	317	-2,746	27,735	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-32,370	-9,781	36,253	-84,590	18,658	11,897	16,713	10,479	-3,626	20,194	2,812	21,277	-8,029	26,083
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	-75,643
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-75,643
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-93,348	61,792	5,869	25,687	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	-57,073	39,663	86,000	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	0	0	0	-25,788	-8,641	6,971	4,385	-11,057	-2,677	-23,427	860	59,374
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-7,757	-6,611	-2,577	62	457	212	81	98	52	27	4	9	32	25
cash flow from financing	-64,830	33,052	-9,925	61,854	6,326	111	-8,560	7,069	4,437	-11,030	-2,673	-23,418	892	59,499
cash and cash equivalents
cash	-97,200	58,398	-8,798	-22,736	24,984	12,008	8,152	17,547	811	9,164	138	-2,142	-7,137	9,939
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-97,200	58,398	-8,798	-22,736	24,984	12,008	8,152	17,547	811	9,164	138	-2,142	-7,137	9,939

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NIGEL REES ACCOUNTANCY LIMITED group structure

Nigel Rees Accountancy Limited has no subsidiary companies.

Ultimate parent company

NIGEL REES ACCOUNTANCY LIMITED

05353817

NIGEL REES ACCOUNTANCY LIMITED Shareholders

nigel clive rees

100%

Nigel Rees Accountancy Limited currently has 1 director, Mr Nigel Rees serving since Feb 2005.

officer	country	age	start	end	role
Mr Nigel Rees	Wales	58 years	Feb 2005	-	Director

P&L

March 2023

turnover

139.4k

+120%

operating profit

-15.1k

gross margin

68.5%

+4.94%

turnover

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

Balance Sheet

March 2023

net assets

1.5k

-0.94%

total assets

78.1k

-0.56%

cash

3.1k

-0.97%

net assets

Total assets minus all liabilities

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company number

05353817

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

February 2005

ultimate parent company

None

previous names

N/A

address

insolvency direct ltd, saxon house, cheltenham, GL52 6QX

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nigel rees accountancy limited Company Information

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nigel rees accountancy limited Estimated Valuation

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