tax direct limited Company Information
Company Number
06466507
Next Accounts
54 days late
Directors
Shareholders
muhammad tahir jamil
Group Structure
View All
Industry
Bookkeeping activities
+2Registered Address
205 ley street, ilford, essex, IG1 4BL
Website
www.taxdirect.uk.comtax direct limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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.
Upgrade for unlimited company reports & a free credit check
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


4 Strong

1 Regular

5 Weak

Size
annual sales of £205.3k, make it larger than the average company (£168.5k)
- Tax Direct Limited
£168.5k - Industry AVG

Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.1%)
- Tax Direct Limited
5.1% - Industry AVG

Production
with a gross margin of 41.4%, this company has a higher cost of product (81.2%)
- Tax Direct Limited
81.2% - Industry AVG

Profitability
an operating margin of -6.9% make it less profitable than the average company (10.8%)
- Tax Direct Limited
10.8% - Industry AVG

Employees
with 7 employees, this is above the industry average (3)
7 - Tax Direct Limited
3 - Industry AVG

Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
- Tax Direct Limited
£31.1k - Industry AVG

Efficiency
resulting in sales per employee of £29.3k, this is less efficient (£67.9k)
- Tax Direct Limited
£67.9k - Industry AVG

Debtor Days
it gets paid by customers after 151 days, this is later than average (79 days)
- Tax Direct Limited
79 days - Industry AVG

Creditor Days
its suppliers are paid after 80 days, this is slower than average (25 days)
- Tax Direct Limited
25 days - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tax Direct Limited
- - Industry AVG

Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Tax Direct Limited
- - Industry AVG

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

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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 7 | 13 | 9 | 9 | 8 | 8 | 8 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 17,891 | 15,334 | 9,950 | 5,676 | 3,660 | 3,844 | 4,129 | 1,315 | 990 | 964 | 801 | 181 | 242 | 323 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 17,891 | 15,334 | 9,950 | 5,676 | 3,660 | 3,844 | 4,129 | 1,315 | 990 | 964 | 801 | 181 | 242 | 323 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 84,975 | 116,363 | 32,808 | 9,418 | 1,033 | 2,474 | 51,847 | 19,507 | 37,838 | 22,404 | 19,530 | 7,333 | 960 | 14,597 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 2,450 | 2,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 80,926 | 13,026 | 13,117 | 15,214 | 0 | 25,402 | 8,986 | 17,712 | 4,638 | 1,668 | 2,100 | 5,616 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 84,975 | 116,363 | 113,734 | 24,894 | 16,300 | 17,688 | 51,847 | 44,909 | 46,824 | 40,116 | 24,168 | 9,001 | 3,060 | 20,213 |
total assets | 102,866 | 131,697 | 123,684 | 30,570 | 19,960 | 21,532 | 55,976 | 46,224 | 47,814 | 41,080 | 24,969 | 9,182 | 3,302 | 20,536 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 26,622 | 27,863 | 0 | 0 | 0 | 0 | 0 | 40,941 | 45,518 | 55,880 | 73,418 | 53,600 | 11,246 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 1,234 | 2,793 | 25,823 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 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 |
other current liabilities | 0 | 0 | 59,240 | 24,481 | 17,596 | 8,228 | 15,033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 26,622 | 27,863 | 59,240 | 24,481 | 18,830 | 11,021 | 40,856 | 40,941 | 45,518 | 55,880 | 73,418 | 53,600 | 11,246 | 0 |
loans | 0 | 0 | 50,000 | 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 | 74,751 | 88,139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,456 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 74,751 | 88,139 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,456 |
total liabilities | 101,373 | 116,002 | 109,240 | 24,481 | 18,830 | 11,021 | 40,856 | 40,941 | 45,518 | 55,880 | 73,418 | 53,600 | 11,246 | 16,456 |
net assets | 1,493 | 15,695 | 14,444 | 6,089 | 1,130 | 10,511 | 15,120 | 5,283 | 2,296 | -14,800 | -48,449 | -44,418 | -7,944 | 4,080 |
total shareholders funds | 1,493 | 15,695 | 14,444 | 6,089 | 1,130 | 10,511 | 15,120 | 5,283 | 2,296 | -14,800 | -48,449 | -44,418 | -7,944 | 4,080 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 3,318 | 1,892 | 1,219 | 1,282 | 439 | 330 | 322 | 267 | 60 | 81 | 108 | |||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Tax | ||||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -31,388 | 83,555 | 20,940 | 8,685 | 709 | -49,373 | 32,340 | -18,331 | 15,434 | 2,874 | 12,197 | 6,373 | -13,637 | 14,597 |
Creditors | -1,241 | 27,863 | 0 | 0 | 0 | 0 | -40,941 | -4,577 | -10,362 | -17,538 | 19,818 | 42,354 | 11,246 | 0 |
Accruals and Deferred Income | 0 | -59,240 | 34,759 | 6,885 | 9,368 | -6,805 | 15,033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -1,234 | -1,559 | -23,030 | 25,823 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | -50,000 | 50,000 | 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 |
other long term liabilities | -13,388 | 88,139 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16,456 | 16,456 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 0 | -80,926 | 67,900 | -91 | -2,097 | 15,214 | -25,402 | 16,416 | -8,726 | 13,074 | 2,970 | -432 | -3,516 | 5,616 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | -80,926 | 67,900 | -91 | -2,097 | 15,214 | -25,402 | 16,416 | -8,726 | 13,074 | 2,970 | -432 | -3,516 | 5,616 |
tax direct limited Credit Report and Business Information
Tax Direct Limited Competitor Analysis

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 directors
Tax Direct Limited currently has 1 director, Mr Muhammad Jamil serving since Jan 2010.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Muhammad Jamil | 49 years | Jan 2010 | - | Director |
P&L
March 2023turnover
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 2023net 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
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.
Click to start generating capital raising & share issue transactions for TAX DIRECT LIMITED. This can take several minutes, an email will notify you when this has completed.
tax direct limited Companies House Filings - See Documents
date | description | view/download |
---|