Mr Tax (midlands) Ltd

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mr tax (midlands) ltd Company Information

Live

EstablishedMicroDeclining

Company Number

05467994

Website

www.mrtax.co.uk

Registered Address

16 leicester road, blaby, leicester, LE8 4GQ

Industry

Accounting, and auditing activities

Bookkeeping activities

Telephone

01162642585

Next Accounts Due

April 2025

Group Structure

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Directors

Imtiaz Osman19 Years

Shareholders

mohammed khaleel osman 33.3%

imtiaz osman 33.3%

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mr tax (midlands) ltd Estimated Valuation

£90k

Pomanda estimates the enterprise value of MR TAX (MIDLANDS) LTD at £90k based on a Turnover of £115.2k and 0.78x industry multiple (adjusted for size and gross margin).

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Mr Tax (midlands) Ltd is a live company located in leicester, LE8 4GQ with a Companies House number of 05467994. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in June 2005, it's largest shareholder is mohammed khaleel osman with a 33.3% stake. Mr Tax (midlands) Ltd is a established, micro sized company, Pomanda has estimated its turnover at £115.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Mr Tax (Midlands) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

4 Weak

Size

annual sales of £115.2k, make it in line with the average company (£103k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.6%)

EXPORT

Mr Tax (Midlands) Ltd's latest turnover from July 2023 is estimated at £115.2 thousand and the company has net assets of £49.7 thousand. According to their latest financial statements, we estimate that Mr Tax (Midlands) Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	115,245	108,984	97,318	116,358	126,435	176,071	209,426	95,552	100,955	81,557	83,930	117,985	92,015	117,272	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	65,616	62,307	47,927	52,168	52,081	65,339	77,258	40,917	39,892	33,893	29,710	51,366	48,663	46,671	0
Gross Profit	49,630	46,677	49,391	64,190	74,355	110,733	132,168	54,635	61,063	47,664	54,220	66,619	43,352	70,601	0
Admin Expenses	64,107	54,775	40,605	66,502	85,706	102,766	116,974	29,706	47,623	45,322	59,988	75,605	38,513	66,132	-48,316
Operating Profit	-14,477	-8,098	8,786	-2,312	-11,351	7,967	15,194	24,929	13,440	2,342	-5,768	-8,986	4,839	4,469	48,316
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	48	136	85	111	115	106	95	83	43
Pre-Tax Profit	-14,477	-8,098	8,786	-2,312	-11,351	7,967	15,242	25,065	13,525	2,453	-5,653	-8,880	4,934	4,551	48,360
Tax	0	0	-1,669	0	0	-1,514	-2,896	-5,013	-2,705	-515	0	0	-1,283	-1,274	-13,541
Profit After Tax	-14,477	-8,098	7,117	-2,312	-11,351	6,453	12,346	20,052	10,820	1,938	-5,653	-8,880	3,651	3,277	34,819
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,477	-8,098	7,117	-2,312	-11,351	6,453	12,346	20,052	10,820	1,938	-5,653	-8,880	3,651	3,277	34,819
Employee Costs	33,449	19,249	18,035	36,194	37,260	62,386	67,420	26,698	23,485	52,580	56,235	46,816	20,555	33,591	0
Number Of Employees	2	1	1	2	2	3	3	1	1	2	2	2	1	2	0
EBITDA*	-14,477	-8,098	8,786	-2,312	-11,351	7,967	15,194	24,929	13,704	2,694	-5,298	-8,550	5,421	5,245	48,734

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	3,531	3,108	4,144	4,326	1,358	1,810	2,414	595	793	1,057	1,409	1,310	1,746	2,328	1,251
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	3,531	3,108	4,144	4,326	1,358	1,810	2,414	595	793	1,057	1,409	1,310	1,746	2,328	1,251
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	54,068	77,068	72,763	66,038	68,158	79,824	74,033	29,238	28,090	19,986	21,609	27,095	21,603	26,871	25,306
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	38,724	15,640	18,259	26,012	19,998	22,229	15,766	17,379
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	54,068	77,068	72,763	66,038	68,158	79,824	74,033	67,962	43,730	38,245	47,621	47,093	43,832	42,637	42,685
total assets	57,599	80,176	76,907	70,364	69,516	81,634	76,447	68,557	44,523	39,302	49,030	48,403	45,578	44,965	43,936
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	7,454	15,406	3,801	4,382	1,786	2,467	3,594	8,414	4,390	9,941	21,572	15,320	3,540	6,477	9,114
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	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	7,454	15,406	3,801	4,382	1,786	2,467	3,594	8,414	4,390	9,941	21,572	15,320	3,540	6,477	9,114
loans	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
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	443	591	829	822	258	0	483	119	158	206	241	213	288	389	0
total long term liabilities	443	591	829	822	258	344	483	119	158	206	241	213	288	389	0
total liabilities	7,897	15,997	4,630	5,204	2,044	2,811	4,077	8,533	4,548	10,147	21,813	15,533	3,828	6,866	9,114
net assets	49,702	64,179	72,277	65,160	67,472	78,823	72,370	60,024	39,975	29,155	27,217	32,870	41,750	38,099	34,822
total shareholders funds	49,702	64,179	72,277	65,160	67,472	78,823	72,370	60,024	39,975	29,155	27,217	32,870	41,750	38,099	34,822

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-14,477	-8,098	8,786	-2,312	-11,351	7,967	15,194	24,929	13,440	2,342	-5,768	-8,986	4,839	4,469	48,316
Depreciation	0	0	0	0	0	0	0	0	264	352	470	436	582	776	418
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,669	0	0	-1,514	-2,896	-5,013	-2,705	-515	0	0	-1,283	-1,274	-13,541
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-23,000	4,305	6,725	-2,120	-11,666	5,791	44,795	1,148	8,104	-1,623	-5,486	5,492	-5,268	1,565	25,306
Creditors	-7,952	11,605	-581	2,596	-681	-1,127	-4,820	4,024	-5,551	-11,631	6,252	11,780	-2,937	-2,637	9,114
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-148	-238	7	564	258	-483	364	-39	-48	-35	28	-75	-101	389	0
Cash flow from operations	423	-1,036	-182	2,968	-108	-948	-36,953	22,753	-2,704	-7,864	6,468	-2,337	6,368	158	19,001
Investing Activities
capital expenditure	-423	1,036	182	-2,968	452	604	-1,819	198	0	0	-569	0	0	-1,853	-1,669
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-423	1,036	182	-2,968	452	604	-1,819	198	0	0	-569	0	0	-1,853	-1,669
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	0	0	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	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	-3	0	0	0	0	0	0	3
interest	0	0	0	0	0	0	48	136	85	111	115	106	95	83	43
cash flow from financing	0	0	0	0	0	0	48	133	85	111	115	106	95	83	46
cash and cash equivalents
cash	0	0	0	0	0	0	-38,724	23,084	-2,619	-7,753	6,014	-2,231	6,463	-1,613	17,379
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-38,724	23,084	-2,619	-7,753	6,014	-2,231	6,463	-1,613	17,379

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MR TAX (MIDLANDS) LTD group structure

Mr Tax (Midlands) Ltd has no subsidiary companies.

Ultimate parent company

MR TAX (MIDLANDS) LTD

05467994

MR TAX (MIDLANDS) LTD Shareholders

mohammed khaleel osman	33.33%
imtiaz osman	33.33%
naide tayob ibrahim	33.33%

Mr Tax (Midlands) Ltd currently has 1 director, Mr Imtiaz Osman serving since Jun 2005.

officer	country	age	start	end	role
Mr Imtiaz Osman	England	68 years	Jun 2005	-	Director

P&L

July 2023

turnover

115.2k

+6%

operating profit

-14.5k

gross margin

43.1%

+0.55%

turnover

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

Balance Sheet

July 2023

net assets

49.7k

-0.23%

total assets

57.6k

-0.28%

cash

net assets

Total assets minus all liabilities

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company number

05467994

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69202 - Bookkeeping activities

incorporation date

June 2005

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

July 2023

address

16 leicester road, blaby, leicester, LE8 4GQ

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 mr tax (midlands) ltd.

mr tax (midlands) ltd Company Information

mr tax (midlands) ltd Estimated Valuation

mr tax (midlands) ltd Estimated Valuation

mr tax (midlands) ltd Estimated Valuation

Mr Tax (midlands) Ltd Overview

Mr Tax (midlands) Ltd Health Check

MR TAX (MIDLANDS) LTD financials

mr tax (midlands) ltd Credit Report and Business Information

Mr Tax (midlands) Ltd Competitor Analysis

mr tax (midlands) ltd Ownership

mr tax (midlands) ltd directors

mr tax (midlands) ltd company details

mr tax (midlands) ltd Charges & Mortgages

mr tax (midlands) ltd Companies House Filings - See Documents