tax direct limited

Live EstablishedMicroHigh

tax direct limited Company Information

Share TAX DIRECT LIMITED

Company Number

06466507

Shareholders

muhammad tahir jamil

Group Structure

View All

Industry

Bookkeeping activities

 +2

Registered Address

205 ley street, ilford, essex, IG1 4BL

tax direct limited Estimated Valuation

£130.8k

Pomanda estimates the enterprise value of TAX DIRECT LIMITED at £130.8k based on a Turnover of £205.3k and 0.64x industry multiple (adjusted for size and gross margin).

tax direct limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TAX DIRECT LIMITED at £0 based on an EBITDA of £-14.2k and a 3.77x industry multiple (adjusted for size and gross margin).

tax direct limited Estimated Valuation

£5.5k

Pomanda estimates the enterprise value of TAX DIRECT LIMITED at £5.5k based on Net Assets of £1.5k and 3.65x industry multiple (adjusted for liquidity).

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Tax Direct Limited Overview

Tax Direct Limited is a live company located in essex, IG1 4BL with a Companies House number of 06466507. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in January 2008, it's largest shareholder is muhammad tahir jamil with a 100% stake. Tax Direct Limited is a established, micro sized company, Pomanda has estimated its turnover at £205.3k with high growth in recent years.

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Tax Direct Limited Health Check

Pomanda's financial health check has awarded Tax Direct Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £205.3k, make it larger than the average company (£168.5k)

£205.3k - Tax Direct Limited

£168.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.1%)

18% - Tax Direct Limited

5.1% - Industry AVG

production

Production

with a gross margin of 41.4%, this company has a higher cost of product (81.2%)

41.4% - Tax Direct Limited

81.2% - Industry AVG

profitability

Profitability

an operating margin of -6.9% make it less profitable than the average company (10.8%)

-6.9% - Tax Direct Limited

10.8% - Industry AVG

employees

Employees

with 7 employees, this is above the industry average (3)

7 - Tax Direct Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)

£31.1k - Tax Direct Limited

£31.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £29.3k, this is less efficient (£67.9k)

£29.3k - Tax Direct Limited

£67.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 151 days, this is later than average (79 days)

151 days - Tax Direct Limited

79 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 80 days, this is slower than average (25 days)

80 days - Tax Direct Limited

25 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Tax Direct Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Tax Direct Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.6%, this is a higher level of debt than the average (53.1%)

98.6% - Tax Direct Limited

53.1% - Industry AVG

TAX DIRECT LIMITED financials

EXPORTms excel logo

Tax Direct Limited's latest turnover from March 2023 is estimated at £205.3 thousand and the company has net assets of £1.5 thousand. According to their latest financial statements, Tax Direct Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover205,306296,709135,677123,902102,918110,678218,93565,964158,831100,82680,87432,6714,24161,630
Other Income Or Grants00000000000000
Cost Of Sales120,270172,01076,99162,70738,39541,61091,47627,48456,49533,05924,18413,3621,31620,365
Gross Profit85,036124,69858,68761,19564,52369,068127,45838,480102,33667,76756,69019,3092,92541,265
Admin Expenses99,238121,64646,89455,08674,01073,715115,19334,83280,76224,12360,73755,89014,96835,615
Operating Profit-14,2023,05211,7936,109-9,487-4,64712,2653,64821,57443,644-4,047-36,581-12,0435,650
Interest Payable01,6881,52500000000000
Interest Receivable0303471310638328667561691914
Pre-Tax Profit-14,2021,66810,3156,122-9,381-4,60912,2963,73421,64143,700-4,031-36,572-12,0245,664
Tax0-317-1,960-1,16300-2,459-747-4,545-10,051000-1,586
Profit After Tax-14,2021,3518,3554,959-9,381-4,6099,8372,98717,09633,649-4,031-36,572-12,0244,078
Dividends Paid00000000000000
Retained Profit-14,2021,3518,3554,959-9,381-4,6099,8372,98717,09633,649-4,031-36,572-12,0244,078
Employee Costs217,888343,546215,714218,306253,722221,001230,48629,13357,84366,87631,38229,72825,74822,747
Number Of Employees713998881221111
EBITDA*-14,2023,05215,1118,001-8,268-3,36512,2654,08721,90443,966-3,780-36,521-11,9625,758

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets17,89115,3349,9505,6763,6603,8444,1291,315990964801181242323
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets17,89115,3349,9505,6763,6603,8444,1291,315990964801181242323
Stock & work in progress00000000000000
Trade Debtors84,975116,36332,8089,4181,0332,47451,84719,50737,83822,40419,5307,33396014,597
Group Debtors00000000000000
Misc Debtors0002,4502,150000000000
Cash0080,92613,02613,11715,214025,4028,98617,7124,6381,6682,1005,616
misc current assets00000000000000
total current assets84,975116,363113,73424,89416,30017,68851,84744,90946,82440,11624,1689,0013,06020,213
total assets102,866131,697123,68430,57019,96021,53255,97646,22447,81441,08024,9699,1823,30220,536
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 26,62227,8630000040,94145,51855,88073,41853,60011,2460
Group/Directors Accounts00001,2342,79325,8230000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities0059,24024,48117,5968,22815,0330000000
total current liabilities26,62227,86359,24024,48118,83011,02140,85640,94145,51855,88073,41853,60011,2460
loans0050,00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities74,75188,1390000000000016,456
provisions00000000000000
total long term liabilities74,75188,13950,000000000000016,456
total liabilities101,373116,002109,24024,48118,83011,02140,85640,94145,51855,88073,41853,60011,24616,456
net assets1,49315,69514,4446,0891,13010,51115,1205,2832,296-14,800-48,449-44,418-7,9444,080
total shareholders funds1,49315,69514,4446,0891,13010,51115,1205,2832,296-14,800-48,449-44,418-7,9444,080
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-14,2023,05211,7936,109-9,487-4,64712,2653,64821,57443,644-4,047-36,581-12,0435,650
Depreciation003,3181,8921,2191,28204393303222676081108
Amortisation00000000000000
Tax0-317-1,960-1,16300-2,459-747-4,545-10,051000-1,586
Stock00000000000000
Debtors-31,38883,55520,9408,685709-49,37332,340-18,33115,4342,87412,1976,373-13,63714,597
Creditors-1,24127,8630000-40,941-4,577-10,362-17,53819,81842,35411,2460
Accruals and Deferred Income0-59,24034,7596,8859,368-6,80515,0330000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations15,945-112,19726,9705,03839139,203-48,44217,094-8,43713,5033,841-54012,921-10,425
Investing Activities
capital expenditure-2,557-5,384-7,592-3,908-1,035-997-2,814-764-356-485-88710-431
Change in Investments00000000000000
cash flow from investments-2,557-5,384-7,592-3,908-1,035-997-2,814-764-356-485-88710-431
Financing Activities
Bank loans00000000000000
Group/Directors Accounts000-1,234-1,559-23,03025,8230000000
Other Short Term Loans 00000000000000
Long term loans0-50,00050,00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-13,38888,1390000000000-16,45616,456
share issue0-1000000000009802
interest0-1,385-1,4781310638328667561691914
cash flow from financing-13,38836,65448,522-1,221-1,453-22,99225,85586675616107-16,43716,472
cash and cash equivalents
cash0-80,92667,900-91-2,09715,214-25,40216,416-8,72613,0742,970-432-3,5165,616
overdraft00000000000000
change in cash0-80,92667,900-91-2,09715,214-25,40216,416-8,72613,0742,970-432-3,5165,616

tax direct limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tax Direct Limited Competitor Analysis

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Perform a competitor analysis for tax direct limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.

tax direct limited Ownership

TAX DIRECT LIMITED group structure

Tax Direct Limited has no subsidiary companies.

Ultimate parent company

TAX DIRECT LIMITED

06466507

TAX DIRECT LIMITED Shareholders

muhammad tahir jamil 100%

tax direct limited directors

Tax Direct Limited currently has 1 director, Mr Muhammad Jamil serving since Jan 2010.

officercountryagestartendrole
Mr Muhammad Jamil49 years Jan 2010- Director

P&L

March 2023

turnover

205.3k

-31%

operating profit

-14.2k

0%

gross margin

41.5%

-1.45%

turnover

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

Balance Sheet

March 2023

net assets

1.5k

-0.9%

total assets

102.9k

-0.22%

cash

0

0%

net assets

Total assets minus all liabilities

tax direct limited company details

company number

06466507

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69202 - Bookkeeping activities

69203 - Tax consultancy

incorporation date

January 2008

age

17

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2023

previous names

N/A

accountant

-

auditor

-

address

205 ley street, ilford, essex, IG1 4BL

Bank

-

Legal Advisor

-

tax direct 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 tax direct limited.

tax direct limited 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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tax direct limited Companies House Filings - See Documents

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