taxlounge ltd
taxlounge ltd Company Information
Group Structure
View All
Industry
Accounting, and auditing activities
Registered Address
23-27 king street, luton, LU1 2DW
Website
-taxlounge ltd Estimated Valuation
Pomanda estimates the enterprise value of TAXLOUNGE LTD at £69.4k based on a Turnover of £96.3k and 0.72x industry multiple (adjusted for size and gross margin).
taxlounge ltd Estimated Valuation
Pomanda estimates the enterprise value of TAXLOUNGE LTD at £0 based on an EBITDA of £-33.1k and a 4.62x industry multiple (adjusted for size and gross margin).
taxlounge ltd Estimated Valuation
Pomanda estimates the enterprise value of TAXLOUNGE LTD at £474.4k based on Net Assets of £155k and 3.06x industry multiple (adjusted for liquidity).
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Taxlounge Ltd Overview
Taxlounge Ltd is a live company located in luton, LU1 2DW with a Companies House number of 06430653. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in November 2007, it's largest shareholder is sohail nawaz with a 100% stake. Taxlounge Ltd is a established, micro sized company, Pomanda has estimated its turnover at £96.3k with declining growth in recent years.
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Taxlounge Ltd Health Check
Pomanda's financial health check has awarded Taxlounge Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £96.3k, make it smaller than the average company (£287.7k)
- Taxlounge Ltd
£287.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.3%)
- Taxlounge Ltd
8.3% - Industry AVG
Production
with a gross margin of 52.4%, this company has a higher cost of product (96.7%)
- Taxlounge Ltd
96.7% - Industry AVG
Profitability
an operating margin of -34.3% make it less profitable than the average company (9.9%)
- Taxlounge Ltd
9.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Taxlounge Ltd
4 - Industry AVG
Pay Structure
on an average salary of £41k, the company has an equivalent pay structure (£41k)
- Taxlounge Ltd
£41k - Industry AVG
Efficiency
resulting in sales per employee of £32.1k, this is less efficient (£84.9k)
- Taxlounge Ltd
£84.9k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (71 days)
- Taxlounge Ltd
71 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Taxlounge Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Taxlounge Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Taxlounge Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.2%, this is a lower level of debt than the average (50.5%)
23.2% - Taxlounge Ltd
50.5% - Industry AVG
TAXLOUNGE LTD financials
Taxlounge Ltd's latest turnover from December 2023 is estimated at £96.3 thousand and the company has net assets of £155 thousand. According to their latest financial statements, Taxlounge Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 173,893 | 206,950 | 243,029 | 279,108 | 279,108 | 276,352 | 286,420 | 86,420 | 76,032 | 67,140 | 39,600 | 39,600 | 13,475 | 1,677 | 2,096 | 2,620 |
| Intangible Assets | 200,000 | 200,000 | 180,000 | 200,000 | 200,000 | |||||||||||
| Investments & Other | ||||||||||||||||
| Debtors (Due After 1 year) | 26,750 | |||||||||||||||
| Total Fixed Assets | 173,893 | 206,950 | 243,029 | 279,108 | 279,108 | 276,352 | 286,420 | 286,420 | 276,032 | 247,140 | 239,600 | 266,350 | 13,475 | 1,677 | 2,096 | 2,620 |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 27,894 | 27,894 | 27,894 | 34,035 | 7,367 | 23,194 | 31,560 | 26,750 | 11,758 | 3,250 | ||||||
| Group Debtors | ||||||||||||||||
| Misc Debtors | ||||||||||||||||
| Cash | 14,596 | 13,235 | 12,500 | 4,150 | 1,875 | 978 | 450 | |||||||||
| misc current assets | 12,500 | |||||||||||||||
| total current assets | 27,894 | 27,894 | 27,894 | 34,035 | 7,367 | 37,790 | 44,795 | 39,250 | 12,500 | 15,908 | 5,125 | 978 | 450 | |||
| total assets | 201,787 | 234,844 | 270,923 | 313,143 | 279,108 | 276,352 | 286,420 | 293,787 | 313,822 | 291,935 | 278,850 | 278,850 | 29,383 | 6,802 | 3,074 | 3,070 |
| Bank overdraft | 2,454 | |||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 7,818 | 13,126 | 22,787 | 28,197 | 4,105 | |||||||||||
| Group/Directors Accounts | ||||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 3,888 | 310 | 8,848 | 28,197 | 28,197 | |||||||||||
| total current liabilities | 11,706 | 13,436 | 31,635 | 30,651 | 28,197 | 28,197 | 4,105 | |||||||||
| loans | 28,197 | |||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 46,740 | 46,740 | 46,740 | 55,000 | 28,197 | 16,175 | 7,485 | 3,578 | ||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 46,740 | 46,740 | 46,740 | 55,000 | 28,197 | 28,197 | 16,175 | 7,485 | 3,578 | |||||||
| total liabilities | 46,740 | 46,740 | 46,740 | 55,000 | 11,706 | 13,436 | 31,635 | 30,651 | 28,197 | 28,197 | 28,197 | 28,197 | 16,175 | 7,485 | 3,578 | 4,105 |
| net assets | 155,047 | 188,104 | 224,183 | 258,143 | 267,402 | 262,916 | 254,785 | 263,136 | 285,625 | 263,738 | 250,653 | 250,653 | 13,208 | -683 | -504 | -1,035 |
| total shareholders funds | 155,047 | 188,104 | 224,183 | 258,143 | 267,402 | 262,916 | 254,785 | 263,136 | 285,625 | 263,738 | 250,653 | 250,653 | 13,208 | -683 | -504 | -1,035 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Depreciation | 2,597 | 19,008 | 7,460 | 4,400 | 1,497 | 419 | 524 | 655 | ||||||||
| Amortisation | 20,000 | |||||||||||||||
| Tax | ||||||||||||||||
| Stock | ||||||||||||||||
| Debtors | -6,141 | 34,035 | -7,367 | -15,827 | -8,366 | 4,810 | 14,992 | 14,992 | 8,508 | 3,250 | ||||||
| Creditors | -7,818 | -5,308 | -9,661 | 22,787 | -28,197 | 28,197 | -4,105 | 4,105 | ||||||||
| Accruals and Deferred Income | -3,888 | 3,578 | -8,538 | -19,349 | 28,197 | |||||||||||
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | ||||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | ||||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | ||||||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | 28,197 | |||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -8,260 | 55,000 | -28,197 | 12,022 | -16,175 | 8,690 | 3,907 | 3,578 | ||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | ||||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -14,596 | 1,361 | 13,235 | -4,150 | 8,350 | 2,275 | 897 | 528 | 450 | |||||||
| overdraft | -2,454 | 2,454 | ||||||||||||||
| change in cash | 2,454 | -17,050 | 1,361 | 13,235 | -4,150 | 8,350 | 2,275 | 897 | 528 | 450 |
taxlounge ltd Credit Report and Business Information
Taxlounge Ltd Competitor Analysis
Perform a competitor analysis for taxlounge ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in LU1 area or any other competitors across 12 key performance metrics.
taxlounge ltd Ownership
TAXLOUNGE LTD group structure
Taxlounge Ltd has no subsidiary companies.
Ultimate parent company
TAXLOUNGE LTD
06430653
taxlounge ltd directors
Taxlounge Ltd currently has 1 director, Mr Sohail Nawaz serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sohail Nawaz | United Kingdom | 36 years | Apr 2017 | - | Director |
P&L
December 2023turnover
96.3k
+1%
operating profit
-33.1k
0%
gross margin
52.4%
-1.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
155k
-0.18%
total assets
201.8k
-0.14%
cash
0
0%
net assets
Total assets minus all liabilities
taxlounge ltd company details
company number
06430653
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
November 2007
age
18
incorporated
UK
ultimate parent company
accounts
Dormant
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
23-27 king street, luton, LU1 2DW
Bank
-
Legal Advisor
-
taxlounge ltd 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 taxlounge ltd.
taxlounge 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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taxlounge ltd Companies House Filings - See Documents
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