Blu Sky Tax Limited

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blu sky tax limited Company Information

Company Number

05908251

Next Accounts

Sep 2025

Directors

Jonathan Dudgeon

Steven Robinson

Shareholders

blu sire ventures ltd

polar bear ventures ltd

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Group Structure

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Industry

Accounting, and auditing activities

Registered Address

ye olde hundred 69 church way, north shields, NE29 0AE

Website

www.blusky.co.uk

blu sky tax limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of BLU SKY TAX LIMITED at £1.7m based on Net Assets of £549.9k and 3.06x industry multiple (adjusted for liquidity).

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Blu Sky Tax Limited is a live company located in north shields, NE29 0AE with a Companies House number of 05908251. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in August 2006, it's largest shareholder is blu sire ventures ltd with a 46.2% stake. Blu Sky Tax Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with high growth in recent years.

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Pomanda's financial health check has awarded Blu Sky Tax Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £1m, make it larger than the average company (£288.6k)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.3%)

EXPORT

Blu Sky Tax Limited's latest turnover from December 2023 is estimated at £1 million and the company has net assets of £549.9 thousand. According to their latest financial statements, Blu Sky Tax Limited has 24 employees and maintains cash reserves of £525.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Turnover	1,047,565	942,976	641,172	625,123	817,440	851,722	724,651	530,043	184,800	164,448	292,372	288,509	308,948	100,974
Other Income Or Grants
Cost Of Sales	40,001	63,333	47,473	59,102	27,764	26,408	22,896	11,334	17,907	22,285	26,075	27,099	41,715	8,353
Gross Profit	1,007,564	879,643	593,699	566,021	789,676	825,314	701,755	518,709	166,893	142,163	266,298	261,410	267,232	92,621
Admin Expenses	1,005,144	859,911	497,662	373,357	763,779	672,080	628,633	495,029	175,435	117,971	248,383	219,074	233,722	68,416
Operating Profit	2,420	19,732	96,037	192,664	25,897	153,234	73,122	23,680	-8,542	24,192	17,915	42,336	33,510	24,205
Interest Payable	13,817	14,327	7,375	5,094	4,057	8,760	5,608
Interest Receivable	26,846	18,203	1,369	370	213	1,036	460	194	320	247	140	98	37	1
Pre-Tax Profit	15,448	23,609	90,031	187,940	22,053	145,509	67,974	23,874	-8,222	24,439	18,054	42,434	33,547	24,205
Tax	-3,862	-4,486	-17,106	-35,709	-4,190	-27,647	-12,915	-4,536		-4,888	-3,791	-9,760	-8,051	-6,293
Profit After Tax	11,586	19,123	72,925	152,231	17,863	117,862	55,059	19,338	-8,222	19,551	14,263	32,674	25,496	17,912
Dividends Paid
Retained Profit	11,586	19,123	72,925	152,231	17,863	117,862	55,059	19,338	-8,222	19,551	14,263	32,674	25,496	17,912
Employee Costs	978,912	883,454	755,508	617,910	622,294	644,262	501,500	335,615	120,108	82,733	137,357	167,443	150,459	54,387
Number Of Employees	24	23	22	20	22	19	17	12	4	3	5	6	6	2
EBITDA*	40,024	55,104	129,069	64,612	85,695	210,131	96,354	57,297	17,893	46,497	40,613	63,941	54,724	43,079

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Tangible Assets	112,882	144,101	168,932	185,784	223,482	264,747	231,408	12,112	26,017	17,771	17,201	6,268	7,605	4,980
Intangible Assets	7,669	8,774	9,880	1,090	1,244	18,142	35,038	50,223	66,964	83,707	100,448	117,189	133,931	150,672
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	120,551	152,875	178,812	186,874	224,726	282,889	266,446	62,335	92,981	101,478	117,649	123,457	141,536	155,652
Stock & work in progress
Trade Debtors	132,930	122,529	54,694	64,081	115,885	144,213	117,968	82,778	29,909	23,092	38,935	37,464	41,084	14,721
Group Debtors
Misc Debtors	278,095	240,798	172,276	21,515	15,182	34,759	33,063	8,622	4,193
Cash	525,827	496,875	543,294	552,098	238,485	186,902	89,236	94,859	60,646	67,475	31,208	24,720	14,552	220
misc current assets
total current assets	936,852	860,202	770,264	637,694	369,552	365,874	240,267	186,259	94,748	90,567	70,143	62,184	55,636	14,941
total assets	1,057,403	1,013,077	949,076	824,568	594,278	648,763	506,713	248,594	187,729	192,045	187,792	185,641	197,172	170,593
Bank overdraft	21,429	37,023	21,429
Bank loan
Trade Creditors	21,698	46,906	14,152	14,457	11,356	42,744	73,274	17,660	10,425	60,683	60,897	55,032	59,820	54,666
Group/Directors Accounts	2,244	9,767	27,475						149
other short term finances				50,000
hp & lease commitments
other current liabilities	380,082	268,424	228,052	281,055	219,685	216,421	75,947	107,400	75,381
total current liabilities	425,453	362,120	291,108	345,512	231,041	259,165	149,221	125,060	85,955	60,683	60,897	55,032	59,820	54,666
loans	78,603	108,589	134,574	30,001	46,002	87,000	172,567
hp & lease commitments
Accruals and Deferred Income
other liabilities										21,366	36,450	54,427	93,834	97,905
provisions	3,449	4,056	4,205	2,791	5,339	8,565	8,754	2,422
total long term liabilities	82,052	112,645	138,779	32,792	51,341	95,565	181,321	2,422		21,366	36,450	54,427	93,834	97,905
total liabilities	507,505	474,765	429,887	378,304	282,382	354,730	330,542	127,482	85,955	82,049	97,347	109,459	153,654	152,571
net assets	549,898	538,312	519,189	446,264	311,896	294,033	176,171	121,112	101,774	109,996	90,445	76,182	43,518	18,022
total shareholders funds	549,898	538,312	519,189	446,264	311,896	294,033	176,171	121,112	101,774	109,996	90,445	76,182	43,518	18,022

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Operating Activities
Operating Profit	2,420	19,732	96,037	192,664	25,897	153,234	73,122	23,680	-8,542	24,192	17,915	42,336	33,510	24,205
Depreciation	36,499	34,266	32,322	39,208	42,900	40,001	6,493	16,876	9,694	5,564	5,957	4,863	4,473	2,132
Amortisation	1,105	1,106	710	-167,260	16,898	16,896	16,739	16,741	16,741	16,741	16,741	16,742	16,741	16,742
Tax	-3,862	-4,486	-17,106	-35,709	-4,190	-27,647	-12,915	-4,536		-4,888	-3,791	-9,760	-8,051	-6,293
Stock
Debtors	47,698	136,357	141,374	-93,376	-47,905	27,941	59,631	57,298	11,010	-15,843	1,471	-3,620	26,363	14,721
Creditors	-25,208	32,754	-305	-28,287	-31,388	-30,530	55,614	7,235	-50,258	-214	5,865	-4,788	5,154	54,666
Accruals and Deferred Income	111,658	40,372	-53,003	64,634	3,264	140,474	-31,453	32,019	75,381
Deferred Taxes & Provisions	-607	-149	1,414	-5,774	-3,226	-189	6,332	2,422
Cash flow from operations	74,307	-12,762	-81,305	152,852	98,060	264,298	54,301	37,139	32,006	57,238	41,216	53,013	25,464	76,731
Investing Activities
capital expenditure	-5,280	-9,435	-24,970	224,067	-1,635	-73,340	-227,343	-2,971	-17,938	-6,134	-16,890	-3,526	-7,098	-174,526
Change in Investments
cash flow from investments	-5,280	-9,435	-24,970	224,067	-1,635	-73,340	-227,343	-2,971	-17,938	-6,134	-16,890	-3,526	-7,098	-174,526
Financing Activities
Bank loans
Group/Directors Accounts	-7,523	-17,708	27,475					-149	149
Other Short Term Loans			-50,000	50,000
Long term loans	-29,986	-25,985	104,573	-56,999	-40,998	-85,567	172,567
Hire Purchase and Lease Commitments
other long term liabilities									-21,366	-15,084	-17,977	-39,407	-4,071	97,905
share issue												-10		110
interest	13,029	3,876	-6,006	-4,724	-3,844	-7,724	-5,148	194	320	247	140	98	37	1
cash flow from financing	-24,480	-39,817	76,042	-11,723	-44,842	-93,291	167,419	45	-20,897	-14,837	-17,837	-39,319	-4,034	98,016
cash and cash equivalents
cash	28,952	-46,419	-8,804	365,196	51,583	97,666	-5,623	34,213	-6,829	36,267	6,488	10,168	14,332	220
overdraft	-15,594	15,594	21,429
change in cash	44,546	-62,013	-30,233	365,196	51,583	97,666	-5,623	34,213	-6,829	36,267	6,488	10,168	14,332	220

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLU SKY TAX LIMITED group structure

Blu Sky Tax Limited has no subsidiary companies.

Ultimate parent company

BLU SKY TAX LIMITED

05908251

BLU SKY TAX LIMITED Shareholders

blu sire ventures ltd	46.2%
polar bear ventures ltd	46.1%
valkyrie ventures ltd	5%
miss paula henderson	1.5%
auto natron ltd	1.2%

Blu Sky Tax Limited currently has 2 directors. The longest serving directors include Mr Jonathan Dudgeon (Aug 2009) and Mr Steven Robinson (Mar 2021).

officer	country	age	start	end	role
Mr Jonathan Dudgeon	England	48 years	Aug 2009	-	Director
Mr Steven Robinson	England	33 years	Mar 2021	-	Director

P&L

December 2023

turnover

+11%

operating profit

2.4k

gross margin

96.2%

+3.11%

turnover

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

Balance Sheet

December 2023

net assets

549.9k

+0.02%

total assets

1.1m

+0.04%

cash

525.8k

+0.06%

net assets

Total assets minus all liabilities

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company number

05908251

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

August 2006

ultimate parent company

None

previous names

tyneside business services limited (March 2010)

address

ye olde hundred 69 church way, north shields, NE29 0AE

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 found 3 charges/mortgages relating to blu sky tax limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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blu sky tax limited Company Information

blu sky tax limited Estimated Valuation

blu sky tax limited Estimated Valuation

blu sky tax limited Estimated Valuation

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BLU SKY TAX LIMITED financials

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