albacore accounting limited
albacore accounting limited Company Information
Company Number
06957928
Next Accounts
Dec 2025
Shareholders
stephen guy wiles
peter foulkes
View AllGroup Structure
View All
Industry
Accounting, and auditing activities
Registered Address
the maylands building, maylands avenue, hemel hempstead, HP2 7TG
Website
cobiaaccounting.co.ukalbacore accounting limited Estimated Valuation
Pomanda estimates the enterprise value of ALBACORE ACCOUNTING LIMITED at £189.5k based on a Turnover of £204.2k and 0.93x industry multiple (adjusted for size and gross margin).
albacore accounting limited Estimated Valuation
Pomanda estimates the enterprise value of ALBACORE ACCOUNTING LIMITED at £0 based on an EBITDA of £-26.8k and a 5.95x industry multiple (adjusted for size and gross margin).
albacore accounting limited Estimated Valuation
Pomanda estimates the enterprise value of ALBACORE ACCOUNTING LIMITED at £0 based on Net Assets of £-90k and 3.06x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Albacore Accounting Limited Overview
Albacore Accounting Limited is a live company located in hemel hempstead, HP2 7TG with a Companies House number of 06957928. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2009, it's largest shareholder is stephen guy wiles with a 77.5% stake. Albacore Accounting Limited is a established, micro sized company, Pomanda has estimated its turnover at £204.2k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Albacore Accounting Limited Health Check
Pomanda's financial health check has awarded Albacore Accounting Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £204.2k, make it in line with the average company (£182.3k)
- Albacore Accounting Limited
£182.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (8.4%)
- Albacore Accounting Limited
8.4% - Industry AVG
Production
with a gross margin of 93.2%, this company has a comparable cost of product (93.2%)
- Albacore Accounting Limited
93.2% - Industry AVG
Profitability
an operating margin of -13.5% make it less profitable than the average company (10.4%)
- Albacore Accounting Limited
10.4% - Industry AVG
Employees
with 7 employees, this is above the industry average (3)
7 - Albacore Accounting Limited
3 - Industry AVG
Pay Structure
on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)
- Albacore Accounting Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £29.2k, this is less efficient (£76.5k)
- Albacore Accounting Limited
£76.5k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (77 days)
- Albacore Accounting Limited
77 days - Industry AVG
Creditor Days
its suppliers are paid after 1180 days, this is slower than average (22 days)
- Albacore Accounting Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Albacore Accounting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (32 weeks)
3 weeks - Albacore Accounting Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 233.8%, this is a higher level of debt than the average (50.8%)
233.8% - Albacore Accounting Limited
50.8% - Industry AVG
ALBACORE ACCOUNTING LIMITED financials
Albacore Accounting Limited's latest turnover from March 2024 is estimated at £204.2 thousand and the company has net assets of -£90 thousand. According to their latest financial statements, Albacore Accounting Limited has 7 employees and maintains cash reserves of £7.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 8 | 8 | 14 | 16 | 1 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 423 | 1,312 | 2,911 | 4,260 | 5,027 | 5,671 | 3,680 | 4,126 | |||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 423 | 1,312 | 2,911 | 4,260 | 5,027 | 5,671 | 3,680 | 4,126 | |||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 14,294 | 14,331 | 7,008 | 42,616 | 53,962 | 48,038 | 38,653 | 24,463 | 14,419 | 50,929 | 72,625 | 5,069 | 4,605 | 6,060 | 3,425 |
| Group Debtors | 42,158 | ||||||||||||||
| Misc Debtors | 45,402 | 48,344 | 62,859 | 32,144 | 48,209 | 61,814 | 348,423 | 335,548 | 21,279 | ||||||
| Cash | 7,104 | 24,709 | 19,639 | 88,520 | 93,292 | 93,668 | 204,428 | 98,649 | 27,235 | 44,265 | 48,803 | 25,006 | 5,644 | 1,689 | 3,222 |
| misc current assets | 20,293 | 4,921 | |||||||||||||
| total current assets | 66,800 | 87,384 | 89,506 | 163,280 | 195,463 | 223,813 | 596,425 | 458,660 | 105,091 | 95,194 | 121,428 | 30,075 | 10,249 | 7,749 | 6,647 |
| total assets | 67,223 | 88,696 | 92,417 | 167,540 | 200,490 | 229,484 | 600,105 | 462,786 | 105,091 | 95,194 | 121,428 | 30,075 | 10,249 | 7,749 | 6,647 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 44,890 | 38,712 | 16,906 | 26,466 | 50,512 | 35,659 | 29,672 | 11,898 | 82,984 | 109,360 | 18,007 | 53,561 | 40,770 | 24,767 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 77,649 | 69,176 | 73,361 | 143,959 | 133,917 | 104,372 | 385,096 | 312,181 | 16,255 | ||||||
| total current liabilities | 122,539 | 107,888 | 90,267 | 170,425 | 184,429 | 140,031 | 385,096 | 341,853 | 28,153 | 82,984 | 109,360 | 18,007 | 53,561 | 40,770 | 24,767 |
| loans | 34,647 | 39,777 | 44,782 | 50,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 34,647 | 39,777 | 44,782 | 50,000 | |||||||||||
| total liabilities | 157,186 | 147,665 | 135,049 | 220,425 | 184,429 | 140,031 | 385,096 | 341,853 | 28,153 | 82,984 | 109,360 | 18,007 | 53,561 | 40,770 | 24,767 |
| net assets | -89,963 | -58,969 | -42,632 | -52,885 | 16,061 | 89,453 | 215,009 | 120,933 | 76,938 | 12,210 | 12,068 | 12,068 | -43,312 | -33,021 | -18,120 |
| total shareholders funds | -89,963 | -58,969 | -42,632 | -52,885 | 16,061 | 89,453 | 215,009 | 120,933 | 76,938 | 12,210 | 12,068 | 12,068 | -43,312 | -33,021 | -18,120 |
| Mar 2024 | 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 | 889 | 1,599 | 1,873 | 2,525 | 2,667 | 1,970 | 1,178 | 1,032 | |||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -2,979 | -7,192 | -4,893 | -27,411 | -7,681 | -277,224 | 27,065 | 282,155 | 26,927 | -21,696 | 67,556 | 464 | -1,455 | 2,635 | 3,425 |
| Creditors | 6,178 | 21,806 | -9,560 | -24,046 | 14,853 | 35,659 | -29,672 | 17,774 | -71,086 | -26,376 | 91,353 | -35,554 | 12,791 | 16,003 | 24,767 |
| Accruals and Deferred Income | 8,473 | -4,185 | -70,598 | 10,042 | 29,545 | -280,724 | 72,915 | 295,926 | 16,255 | ||||||
| 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 | -5,130 | -5,005 | -5,218 | 50,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -17,605 | 5,070 | -68,881 | -4,772 | -376 | -110,760 | 105,779 | 71,414 | -17,030 | -4,538 | 23,797 | 19,362 | 3,955 | -1,533 | 3,222 |
| overdraft | |||||||||||||||
| change in cash | -17,605 | 5,070 | -68,881 | -4,772 | -376 | -110,760 | 105,779 | 71,414 | -17,030 | -4,538 | 23,797 | 19,362 | 3,955 | -1,533 | 3,222 |
albacore accounting limited Credit Report and Business Information
Albacore Accounting Limited Competitor Analysis
Perform a competitor analysis for albacore accounting limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in HP2 area or any other competitors across 12 key performance metrics.
albacore accounting limited Ownership
ALBACORE ACCOUNTING LIMITED group structure
Albacore Accounting Limited has no subsidiary companies.
Ultimate parent company
ALBACORE ACCOUNTING LIMITED
06957928
albacore accounting limited directors
Albacore Accounting Limited currently has 2 directors. The longest serving directors include Mr Stephen Wiles (Jul 2009) and Mr Peter Foulkes (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Wiles | England | 56 years | Jul 2009 | - | Director |
| Mr Peter Foulkes | England | 42 years | May 2021 | - | Director |
P&L
March 2024turnover
204.2k
-8%
operating profit
-27.6k
0%
gross margin
93.3%
+6.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-90k
+0.53%
total assets
67.2k
-0.24%
cash
7.1k
-0.71%
net assets
Total assets minus all liabilities
albacore accounting limited company details
company number
06957928
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
July 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
ALBACORE ACCOUNTING LIMITED
auditor
-
address
the maylands building, maylands avenue, hemel hempstead, HP2 7TG
Bank
-
Legal Advisor
-
albacore accounting 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 albacore accounting limited.
albacore accounting 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 ALBACORE ACCOUNTING LIMITED. This can take several minutes, an email will notify you when this has completed.
albacore accounting limited Companies House Filings - See Documents
| date | description | view/download |
|---|
