Pomanda estimates the enterprise value of ACCORDANCE TECHNICAL SERVICES LTD at £14.7m based on a Turnover of £12.4m and 1.18x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ACCORDANCE TECHNICAL SERVICES LTD at £7.9m based on an EBITDA of £977.6k and a 8.09x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ACCORDANCE TECHNICAL SERVICES LTD at £14.3m based on Net Assets of £3.4m and 4.19x industry multiple (adjusted for liquidity).
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Accordance Technical Services LtdOverview
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.
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 (£218.5k)
£12.4m - Accordance Technical Services Ltd
£218.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.1%)
8% - Accordance Technical Services Ltd
4.1% - Industry AVG
Production
with a gross margin of 82.8%, this company has a comparable cost of product (84.8%)
82.8% - Accordance Technical Services Ltd
84.8% - Industry AVG
Profitability
an operating margin of 7.5% make it as profitable than the average company (8.6%)
7.5% - Accordance Technical Services Ltd
8.6% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (5)
4 - Accordance Technical Services Ltd
5 - Industry AVG
Pay Structure
on an average salary of £1.4m, the company has a higher pay structure (£45.2k)
£1.4m - Accordance Technical Services Ltd
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £3.1m, this is more efficient (£80k)
£3.1m - Accordance Technical Services Ltd
£80k - Industry AVG
Debtor Days
it gets paid by customers after 114 days, this is later than average (87 days)
114 days - Accordance Technical Services Ltd
87 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (53 days)
21 days - Accordance Technical Services Ltd
53 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Accordance Technical Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 38 weeks, this is more cash available to meet short term requirements (18 weeks)
38 weeks - Accordance Technical Services Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55%, this is a higher level of debt than the average (41.8%)
55% - Accordance Technical Services Ltd
41.8% - Industry AVG
ACCORDANCE TECHNICAL SERVICES LTD financials
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
Oct 2010
Jan 2010
Turnover
12,428,290
11,906,301
11,066,885
9,742,130
6,874,609
7,711,143
6,078,184
8,870,049
8,832,185
8,463,642
7,656,070
5,349,867
3,126,282
36
Other Income Or Grants
Cost Of Sales
2,136,864
1,967,508
4,373,934
1,999,503
279,248
843,071
1,374,873
1,250,442
854,367
586,799
553,705
135,564
255,425
2
Gross Profit
10,291,426
9,938,793
6,692,951
7,742,628
6,595,361
6,868,072
4,703,311
7,619,607
7,977,819
7,876,843
7,102,364
5,214,302
2,870,858
34
Admin Expenses
9,356,828
8,679,799
6,120,211
7,805,545
6,611,963
6,952,468
4,449,166
7,639,805
7,875,003
7,893,674
7,088,726
5,225,055
2,844,157
154
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
Interest Receivable
29,187
32,396
47
68
536
181
113
435
239
91
125
45
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
-48,259
-20,650
-3,158
-6,954
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
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
2,844,094
5,583,640
3,528,223
3,391,265
3,285,251
3,951,594
4,063,787
4,182,914
1,926,035
1,651,265
56,234
Number Of Employees
4
3
79
125
125
105
87
69
84
91
78
47
38
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
Oct 2010
Jan 2010
Tangible Assets
42,988
52,456
83,130
112,902
134,111
85,544
46,439
36,909
35,586
36,558
33,848
14,317
Intangible Assets
279
10,263
26,293
55,857
84,262
113,586
118,999
142,411
165,823
189,235
212,647
Investments & Other
Debtors (Due After 1 year)
79,851
79,447
79,447
79,447
79,446
Total Fixed Assets
42,988
132,586
172,840
218,642
269,415
249,252
160,025
155,908
177,997
202,381
223,083
226,964
Stock & work in progress
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
Misc Debtors
218,301
305,481
414,390
878,121
1,020,620
869,033
845,411
694,723
205,667
173,833
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
misc current assets
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
17,671
10,658
Bank loan
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
other short term finances
162,582
406,901
hp & lease commitments
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
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
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
2,988
12,908
20,012
12,069
9,148
29,412
6,667
6,762
6,100
2,038
total long term liabilities
2,988
12,908
20,012
12,069
9,148
29,412
6,667
6,762
6,100
2,038
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
-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
Amortisation
9,984
16,030
29,564
29,364
29,324
23,412
23,412
23,412
23,412
23,412
21,460
Tax
-33,348
19,476
6,369
-48,259
-20,650
-3,158
-6,954
Stock
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
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
120
Accruals and Deferred Income
434,410
1,609,867
-1,599,922
607,621
-307,805
239,862
343,034
1,470,561
Deferred Taxes & Provisions
-2,988
-9,920
-7,104
7,943
2,921
-20,264
22,745
-95
662
4,062
2,038
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
-6
Investing Activities
capital expenditure
-23,133
-21,399
-6,179
-30,004
-99,695
-62,153
-52,543
-19,176
-13,814
-15,343
-28,617
-252,333
Change in Investments
cash flow from investments
-23,133
-21,399
-6,179
-30,004
-99,695
-62,153
-52,543
-19,176
-13,814
-15,343
-28,617
-252,333
Financing Activities
Bank loans
Group/Directors Accounts
1,040,410
-1,301,788
1,508,926
10,404
-741
-196,504
200,645
Other Short Term Loans
-162,582
-244,319
406,901
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
569,046
6
6
interest
16,747
-20,627
25,641
-17,322
-14,261
-60
-152
-220
435
239
91
125
45
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
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
overdraft
-17,671
17,671
-10,658
10,658
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
accordance technical services ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for accordance technical services ltd. Get real-time insights into accordance technical services ltd's credit score, group structure and payment trends.
Perform a competitor analysis for accordance technical services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in BN1 area or any other competitors across 12 key performance metrics.
accordance technical services ltd Ownership
ACCORDANCE TECHNICAL SERVICES LTD group structure
Accordance Technical Services Ltd has no subsidiary companies.
The sole shareholder of Accordance Technical Services Ltd is Billy Byrne Ltd.
billy byrne ltd
100%
accordance technical services ltd directors
Accordance Technical Services Ltd currently has 4 directors.
The longest serving directors include
Mr James Buckley (Oct 2020) and
Vp, General Counsel Justin Pentz (Mar 2021).
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.
accordance technical services ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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accordance technical services ltdCompanies House Filings - See Documents
