Accordance Technical Services Ltd

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accordance technical services ltd Company Information

Live

EstablishedMidHealthy

Company Number

06039312

Website

www.accordancevat.com

Registered Address

mocatta house trafalgar place, brighton, east sussex, BN1 4DU

Industry

Tax consultancy

Telephone

01273573950

Next Accounts Due

March 2025

Group Structure

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Directors

Andrew Hocking3 Years

James Buckley3 Years

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Shareholders

billy byrne ltd 100%

accordance technical services ltd Estimated Valuation

£20.9m

Pomanda estimates the enterprise value of ACCORDANCE TECHNICAL SERVICES LTD at £20.9m based on a Turnover of £12.4m and 1.68x industry multiple (adjusted for size and gross margin).

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Accordance Technical Services Ltd is a live company located in east sussex, BN1 4DU with a Companies House number of 06039312. It operates in the tax consultancy sector, SIC Code 69203. Founded in January 2007, it's largest shareholder is billy byrne ltd with a 100% stake. Accordance Technical Services Ltd is a established, mid sized company, Pomanda has estimated its turnover at £12.4m with healthy growth in recent years.

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

Health Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £12.4m, make it larger than the average company (£222.6k)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.2%)

EXPORT

Accordance Technical Services Ltd's latest turnover from June 2023 is £12.4 million and the company has net assets of £3.4 million. According to their latest financial statements, Accordance Technical Services Ltd has 4 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Jan 2010
Turnover	12,428,290	11,906,301	11,066,885	8,909,210	6,882,221	7,116,276	6,839,512	9,329,039	9,099,062	8,415,719	7,907,695	5,319,672	3,108,952	39
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,136,864	1,967,508	4,373,934	1,828,552	146,363	778,034	1,687,724	1,315,148	939,000	583,477	589,965	134,799	247,876	2
Gross Profit	10,291,426	9,938,793	6,692,951	7,080,658	6,735,859	6,338,242	5,151,789	8,013,892	8,160,063	7,832,242	7,317,729	5,184,873	2,861,076	37
Admin Expenses	9,356,828	8,679,799	6,120,211	7,143,575	6,752,461	6,422,638	4,897,644	8,034,090	8,057,247	7,849,073	7,304,091	5,195,626	2,834,375	157
Operating Profit	934,598	1,258,994	572,740	-62,917	-16,602	-84,396	254,145	-20,198	102,816	-16,831	13,638	-10,753	26,701	-120
Interest Payable	12,440	20,627	6,755	17,369	14,329	596	333	333	0	0	0	0	0	0
Interest Receivable	29,187	0	32,396	47	68	536	181	113	435	239	91	125	45	0
Pre-Tax Profit	951,345	1,238,367	598,381	-80,239	-30,863	-84,456	253,993	-20,418	103,251	-16,592	13,729	-10,628	26,746	-120
Tax	-33,348	19,476	6,369	0	0	0	-48,259	0	-20,650	0	-3,158	0	-6,954	0
Profit After Tax	917,997	1,257,843	604,750	-80,239	-30,863	-84,456	205,734	-20,418	82,601	-16,592	10,571	-10,628	19,792	-120
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	917,997	1,257,843	604,750	-80,239	-30,863	-84,456	205,734	-20,418	82,601	-16,592	10,571	-10,628	19,792	-120
Employee Costs	5,417,376	5,914,419	5,801,627	2,829,000	5,279,813	2,088,219	2,784,848	2,826,600	3,604,379	4,019,130	4,290,168	1,883,915	1,709,740	53,181
Number Of Employees	4	3	79	125	125	105	87	69	83	90	80	54	43	1
EBITDA*	977,586	1,291,874	634,797	-10,936	64,175	-4,863	306,517	28,228	144,081	21,367	49,683	21,745	52,070	-120

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Jan 2010
Tangible Assets	0	42,988	52,456	83,130	112,902	134,111	85,544	46,439	36,909	35,586	36,558	33,848	14,317	0
Intangible Assets	0	0	279	10,263	26,293	55,857	84,262	113,586	118,999	142,411	165,823	189,235	212,647	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	79,851	79,447	79,447	79,447	79,446	0	0	0	0	0	0	0
Total Fixed Assets	0	42,988	132,586	172,840	218,642	269,415	249,252	160,025	155,908	177,997	202,381	223,083	226,964	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,914,824	4,356,918	2,676,236	2,227,650	1,818,830	1,719,832	1,329,675	1,304,423	1,227,499	1,024,349	1,013,000	714,401	402,345	6
Group Debtors	355,678	506,882	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	218,301	305,481	414,390	878,121	1,020,620	869,033	845,411	694,723	205,667	173,833	0	0	0	0
Cash	3,123,917	129,071	458,214	83,264	11,716	6,428	136,566	8,012	82,649	91,438	4,313	32,050	18,092	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,612,720	5,298,352	3,548,840	3,189,035	2,851,166	2,595,293	2,311,652	2,007,158	1,515,815	1,289,620	1,017,313	746,451	420,437	6
total assets	7,612,720	5,341,340	3,681,426	3,361,875	3,069,808	2,864,708	2,560,904	2,167,183	1,671,723	1,467,617	1,219,694	969,534	647,401	6
Bank overdraft	0	0	0	0	0	17,671	0	10,658	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	128,596	250,033	156,041	753,720	745,200	582,817	460,033	410,839	1,556,561	1,457,801	1,193,191	954,264	625,565	120
Group/Directors Accounts	1,261,352	220,942	1,522,730	13,804	3,400	4,141	4,141	200,645	0	0	0	0	0	0
other short term finances	0	0	0	162,582	406,901	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	2,797,628	2,363,218	753,351	2,353,273	1,745,652	2,053,457	1,813,595	1,470,561	0	0	0	0	0	0
total current liabilities	4,187,576	2,834,193	2,432,122	3,283,379	2,901,153	2,658,086	2,277,769	2,092,703	1,556,561	1,457,801	1,193,191	954,264	625,565	120
loans	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
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	0	0	0	0	0	0	0	0
provisions	0	0	0	2,988	12,908	20,012	12,069	9,148	29,412	6,667	6,762	6,100	2,038	0
total long term liabilities	0	0	0	2,988	12,908	20,012	12,069	9,148	29,412	6,667	6,762	6,100	2,038	0
total liabilities	4,187,576	2,834,193	2,432,122	3,286,367	2,914,061	2,678,098	2,289,838	2,101,851	1,585,973	1,464,468	1,199,953	960,364	627,603	120
net assets	3,425,144	2,507,147	1,249,304	75,508	155,747	186,610	271,066	65,332	85,750	3,149	19,741	9,170	19,798	-114
total shareholders funds	3,425,144	2,507,147	1,249,304	75,508	155,747	186,610	271,066	65,332	85,750	3,149	19,741	9,170	19,798	-114

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Jan 2010
Operating Activities
Operating Profit	934,598	1,258,994	572,740	-62,917	-16,602	-84,396	254,145	-20,198	102,816	-16,831	13,638	-10,753	26,701	0	-120
Depreciation	42,988	32,880	52,073	35,951	51,213	50,169	23,048	25,014	17,853	14,786	12,633	9,086	3,909	0	0
Amortisation	0	0	9,984	16,030	29,564	29,364	29,324	23,412	23,412	23,412	23,412	23,412	21,460	0	0
Tax	-33,348	19,476	6,369	0	0	0	-48,259	0	-20,650	0	-3,158	0	-6,954	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-680,478	1,998,804	-14,741	266,321	250,585	413,780	255,386	565,980	234,984	185,182	298,599	312,056	402,345	0	6
Creditors	-121,437	93,992	-597,679	8,520	162,383	122,784	49,194	-1,145,722	98,760	264,610	238,927	328,699	625,565	0	120
Accruals and Deferred Income	434,410	1,609,867	-1,599,922	607,621	-307,805	239,862	343,034	1,470,561	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-2,988	-9,920	-7,104	7,943	2,921	-20,264	22,745	-95	662	4,062	2,038	0	0
Cash flow from operations	1,937,689	1,016,405	-1,544,682	328,964	-338,936	-48,054	398,021	-233,177	9,952	100,700	-12,485	42,450	270,374	0	-6
Investing Activities
capital expenditure	0	-23,133	-21,399	-6,179	-30,004	-99,695	-62,153	-52,543	-19,176	-13,814	-15,343	-28,617	-252,333	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-23,133	-21,399	-6,179	-30,004	-99,695	-62,153	-52,543	-19,176	-13,814	-15,343	-28,617	-252,333	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,040,410	-1,301,788	1,508,926	10,404	-741	0	-196,504	200,645	0	0	0	0	0	0	0
Other Short Term Loans	0	0	-162,582	-244,319	406,901	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	569,046	0	0	0	0	0	0	0	0	0	6	0	6
interest	16,747	-20,627	25,641	-17,322	-14,261	-60	-152	-220	435	239	91	125	45	0	0
cash flow from financing	1,057,157	-1,322,415	1,941,031	-251,237	391,899	-60	-196,656	200,425	435	239	91	125	51	0	6
cash and cash equivalents
cash	2,994,846	-329,143	374,950	71,548	5,288	-130,138	128,554	-74,637	-8,789	87,125	-27,737	13,958	18,092	0	0
overdraft	0	0	0	0	-17,671	17,671	-10,658	10,658	0	0	0	0	0	0	0
change in cash	2,994,846	-329,143	374,950	71,548	22,959	-147,809	139,212	-85,295	-8,789	87,125	-27,737	13,958	18,092	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACCORDANCE TECHNICAL SERVICES LTD group structure

Accordance Technical Services Ltd has no subsidiary companies.

Ultimate parent company

SOVOS COMPLIANCE LLC

#0078353

BILLY BYRNE LIMITED

07413711

2 parents

ACCORDANCE TECHNICAL SERVICES LTD

06039312

ACCORDANCE TECHNICAL SERVICES LTD Shareholders

billy byrne ltd

100%

Accordance Technical Services Ltd currently has 5 directors. The longest serving directors include Mr Andrew Hocking (Oct 2020) and Mr James Buckley (Oct 2020).

officer	country	age	start	end	role
Mr Andrew Hocking	England	39 years	Oct 2020	-	Director
Mr James Buckley	England	52 years	Oct 2020	-	Director
Mr Justin Pentz	United States	41 years	Mar 2021	-	Director
Vp, General Counsel Justin Pentz	United States	41 years	Mar 2021	-	Director
Ms Natasha Arnold	England	35 years	Aug 2024	-	Director

P&L

June 2023

turnover

12.4m

+4%

operating profit

934.6k

-26%

gross margin

82.9%

-0.8%

turnover

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

Balance Sheet

June 2023

net assets

3.4m

+0.37%

total assets

7.6m

+0.43%

cash

3.1m

+23.2%

net assets

Total assets minus all liabilities

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company number

06039312

Type

Private limited with Share Capital

industry

69203 - Tax consultancy

incorporation date

January 2007

ultimate parent company

SOVOS COMPLIANCE LLC

previous names

N/A

address

mocatta house trafalgar place, brighton, east sussex, BN1 4DU

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 1 charges/mortgages relating to accordance technical services ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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