karrek accountants limited
karrek accountants limited Company Information
Company Number
05827166
Website
www.karrekaccountants.comRegistered Address
9 hilgrove road, newquay, cornwall, TR7 2QY
Industry
Accounting, and auditing activities
Telephone
01637853158
Next Accounts Due
14 days late
Group Structure
View All
Shareholders
andrew simon turner 94.1%
courtney rowe 5.9%
karrek accountants limited Estimated Valuation
Pomanda estimates the enterprise value of KARREK ACCOUNTANTS LIMITED at £86.8k based on a Turnover of £127.2k and 0.68x industry multiple (adjusted for size and gross margin).
karrek accountants limited Estimated Valuation
Pomanda estimates the enterprise value of KARREK ACCOUNTANTS LIMITED at £65.7k based on an EBITDA of £17k and a 3.86x industry multiple (adjusted for size and gross margin).
karrek accountants limited Estimated Valuation
Pomanda estimates the enterprise value of KARREK ACCOUNTANTS LIMITED at £0 based on Net Assets of £-1.1k and 3.03x industry multiple (adjusted for liquidity).
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Karrek Accountants Limited Overview
Karrek Accountants Limited is a live company located in cornwall, TR7 2QY with a Companies House number of 05827166. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2006, it's largest shareholder is andrew simon turner with a 94.1% stake. Karrek Accountants Limited is a established, micro sized company, Pomanda has estimated its turnover at £127.2k with high growth in recent years.
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Karrek Accountants Limited Health Check
Pomanda's financial health check has awarded Karrek Accountants Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £127.2k, make it smaller than the average company (£163.1k)
- Karrek Accountants Limited
£163.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.7%)
- Karrek Accountants Limited
4.7% - Industry AVG
Production
with a gross margin of 45.9%, this company has a higher cost of product (66.9%)
- Karrek Accountants Limited
66.9% - Industry AVG
Profitability
an operating margin of 13.4% make it as profitable than the average company (14%)
- Karrek Accountants Limited
14% - Industry AVG
Employees
with 4 employees, this is above the industry average (3)
4 - Karrek Accountants Limited
3 - Industry AVG
Pay Structure
on an average salary of £23.4k, the company has an equivalent pay structure (£23.4k)
- Karrek Accountants Limited
£23.4k - Industry AVG
Efficiency
resulting in sales per employee of £31.8k, this is less efficient (£69.5k)
- Karrek Accountants Limited
£69.5k - Industry AVG
Debtor Days
it gets paid by customers after 156 days, this is later than average (97 days)
- Karrek Accountants Limited
97 days - Industry AVG
Creditor Days
its suppliers are paid after 464 days, this is slower than average (26 days)
- Karrek Accountants Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Karrek Accountants Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Karrek Accountants Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.2%, this is a higher level of debt than the average (60.7%)
101.2% - Karrek Accountants Limited
60.7% - Industry AVG
KARREK ACCOUNTANTS LIMITED financials
Karrek Accountants Limited's latest turnover from December 2022 is estimated at £127.2 thousand and the company has net assets of -£1.1 thousand. According to their latest financial statements, Karrek Accountants Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 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 | 4 | 4 | 3 | 4 | 4 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 31,847 | 214 | 292 | 312 | 391 | 489 | 611 | 764 | 954 | 1,193 | 1,491 | 1,864 | 2,330 | 2,913 | 3,641 |
| 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 | 31,847 | 214 | 292 | 312 | 391 | 489 | 611 | 764 | 954 | 1,193 | 1,491 | 1,864 | 2,330 | 2,913 | 3,641 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,415 | 5,555 | 3,940 | 3,625 | 2,905 |
| Trade Debtors | 54,636 | 13,630 | 7,270 | 10,930 | 19,160 | 30,527 | 29,750 | 24,589 | 20,351 | 10,397 | 7,217 | 9,033 | 8,735 | 5,199 | 4,482 |
| 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 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 14 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 54,636 | 13,630 | 7,270 | 10,930 | 19,160 | 30,527 | 29,750 | 24,589 | 20,351 | 10,397 | 12,633 | 14,589 | 12,676 | 8,825 | 7,401 |
| total assets | 86,483 | 13,844 | 7,562 | 11,242 | 19,551 | 31,016 | 30,361 | 25,353 | 21,305 | 11,590 | 14,124 | 16,453 | 15,006 | 11,738 | 11,042 |
| 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 | 87,549 | 28,690 | 27,206 | 19,765 | 21,299 | 27,325 | 28,189 | 24,779 | 20,808 | 11,394 | 13,069 | 16,166 | 18,580 | 16,360 | 18,285 |
| 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 | 87,549 | 28,690 | 27,206 | 19,765 | 21,299 | 27,325 | 28,189 | 24,779 | 20,808 | 11,394 | 13,069 | 16,166 | 18,580 | 16,360 | 18,285 |
| 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 | 0 | 0 | 0 | 328 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 328 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 87,549 | 28,690 | 27,206 | 20,093 | 21,299 | 27,325 | 28,189 | 24,779 | 20,808 | 11,394 | 13,069 | 16,166 | 18,580 | 16,360 | 18,285 |
| net assets | -1,066 | -14,846 | -19,644 | -8,851 | -1,748 | 3,691 | 2,172 | 574 | 497 | 196 | 1,055 | 287 | -3,574 | -4,622 | -7,243 |
| total shareholders funds | -1,066 | -14,846 | -19,644 | -8,851 | -1,748 | 3,691 | 2,172 | 574 | 497 | 196 | 1,055 | 287 | -3,574 | -4,622 | -7,243 |
| Dec 2022 | Dec 2021 | Dec 2020 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 373 | 466 | 583 | 728 | 910 | ||||||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,415 | -140 | 1,615 | 315 | 720 | 2,905 |
| Debtors | 41,006 | 6,360 | -11,890 | -8,230 | -11,367 | 777 | 5,161 | 4,238 | 9,954 | 3,180 | -1,816 | 298 | 3,536 | 717 | 4,482 |
| Creditors | 58,859 | 1,484 | 5,907 | -1,534 | -6,026 | -864 | 3,410 | 3,971 | 9,414 | -1,675 | -3,097 | -2,414 | 2,220 | -1,925 | 18,285 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 328 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| 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 | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -13 | 14 |
| 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 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -13 | 14 |
karrek accountants limited Credit Report and Business Information
Karrek Accountants Limited Competitor Analysis
Perform a competitor analysis for karrek accountants limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TR7 area or any other competitors across 12 key performance metrics.
karrek accountants limited Ownership
KARREK ACCOUNTANTS LIMITED group structure
Karrek Accountants Limited has no subsidiary companies.
Ultimate parent company
KARREK ACCOUNTANTS LIMITED
05827166
karrek accountants limited directors
Karrek Accountants Limited currently has 2 directors. The longest serving directors include Mr Andrew Turner (Oct 2009) and Mr Courtney Rowe (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Turner | England | 60 years | Oct 2009 | - | Director |
| Mr Courtney Rowe | 29 years | Mar 2024 | - | Director |
P&L
December 2022turnover
127.2k
+73%
operating profit
17k
0%
gross margin
45.9%
-5.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-1.1k
-0.93%
total assets
86.5k
+5.25%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
karrek accountants limited company details
company number
05827166
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
May 2006
age
18
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
-
address
9 hilgrove road, newquay, cornwall, TR7 2QY
Bank
-
Legal Advisor
-
karrek accountants limited 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 karrek accountants limited.
karrek accountants limited Companies House Filings - See Documents
| date | description | view/download |
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