root3 tax limited
root3 tax limited Company Information
Company Number
07022339
Next Accounts
2974 days late
Industry
Tax consultancy
Shareholders
blair forsyth & shelley baker
blair forsyth
View AllGroup Structure
View All
Contact
Registered Address
38 de montfort street, leicester, leicestershire, LE1 7GS
Website
-root3 tax limited Estimated Valuation
Pomanda estimates the enterprise value of ROOT3 TAX LIMITED at £4.9m based on a Turnover of £3.9m and 1.24x industry multiple (adjusted for size and gross margin).
root3 tax limited Estimated Valuation
Pomanda estimates the enterprise value of ROOT3 TAX LIMITED at £70.4k based on an EBITDA of £14.4k and a 4.9x industry multiple (adjusted for size and gross margin).
root3 tax limited Estimated Valuation
Pomanda estimates the enterprise value of ROOT3 TAX LIMITED at £119.7k based on Net Assets of £37.7k and 3.18x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Root3 Tax Limited Overview
Root3 Tax Limited is a live company located in leicestershire, LE1 7GS with a Companies House number of 07022339. It operates in the tax consultancy sector, SIC Code 69203. Founded in September 2009, it's largest shareholder is blair forsyth & shelley baker with a 33.3% stake. Root3 Tax Limited is a established, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Root3 Tax Limited Health Check
Pomanda's financial health check has awarded Root3 Tax Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £3.9m, make it larger than the average company (£178.6k)
- Root3 Tax Limited
£178.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.8%)
- Root3 Tax Limited
4.8% - Industry AVG
Production
with a gross margin of 64.8%, this company has a higher cost of product (91.4%)
- Root3 Tax Limited
91.4% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (21.3%)
- Root3 Tax Limited
21.3% - Industry AVG
Employees
with 13 employees, this is below the industry average (22)
- Root3 Tax Limited
22 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has an equivalent pay structure (£58.2k)
- Root3 Tax Limited
£58.2k - Industry AVG
Efficiency
resulting in sales per employee of £302k, this is more efficient (£136.2k)
- Root3 Tax Limited
£136.2k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (41 days)
- Root3 Tax Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 275 days, this is slower than average (102 days)
- Root3 Tax Limited
102 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Root3 Tax Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (37 weeks)
14 weeks - Root3 Tax Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.5%, this is a higher level of debt than the average (65.5%)
96.5% - Root3 Tax Limited
65.5% - Industry AVG
ROOT3 TAX LIMITED financials
Root3 Tax Limited's latest turnover from December 2014 is estimated at £3.9 million and the company has net assets of £37.7 thousand. According to their latest financial statements, we estimate that Root3 Tax Limited has 13 employees and maintains cash reserves of £298.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 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 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 781,491 | 319,636 | 274,798 | 767,498 | 49,300 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 298,192 | 365,198 | 621,269 | 191,747 | 967,265 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,079,683 | 684,834 | 896,067 | 959,245 | 1,016,565 |
| total assets | 1,079,683 | 684,834 | 896,067 | 959,245 | 1,016,565 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,041,993 | 659,805 | 879,910 | 957,105 | 988,596 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,041,993 | 659,805 | 879,910 | 957,105 | 988,596 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,041,993 | 659,805 | 879,910 | 957,105 | 988,596 |
| net assets | 37,690 | 25,029 | 16,157 | 2,140 | 27,969 |
| total shareholders funds | 37,690 | 25,029 | 16,157 | 2,140 | 27,969 |
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 461,855 | 44,838 | -492,700 | 718,198 | 49,300 |
| Creditors | 382,188 | -220,105 | -77,195 | -31,491 | 988,596 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -67,006 | -256,071 | 429,522 | -775,518 | 967,265 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -67,006 | -256,071 | 429,522 | -775,518 | 967,265 |
root3 tax limited Credit Report and Business Information
Root3 Tax Limited Competitor Analysis
Perform a competitor analysis for root3 tax limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in LE1 area or any other competitors across 12 key performance metrics.
root3 tax limited Ownership
ROOT3 TAX LIMITED group structure
Root3 Tax Limited has no subsidiary companies.
Ultimate parent company
ROOT3 TAX LIMITED
07022339
root3 tax limited directors
Root3 Tax Limited currently has 2 directors. The longest serving directors include Miss Shelley Baker (Sep 2009) and Mr Blair Forsyth (Sep 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Shelley Baker | England | 43 years | Sep 2009 | - | Director |
| Mr Blair Forsyth | 49 years | Sep 2009 | - | Director |
P&L
December 2014turnover
3.9m
+185%
operating profit
14.4k
0%
gross margin
64.8%
-4.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2014net assets
37.7k
+0.51%
total assets
1.1m
+0.58%
cash
298.2k
-0.18%
net assets
Total assets minus all liabilities
root3 tax limited company details
company number
07022339
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
September 2009
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
December 2014
previous names
square root tax services limited (January 2012)
root2 tax limited (January 2012)
accountant
-
auditor
-
address
38 de montfort street, leicester, leicestershire, LE1 7GS
Bank
-
Legal Advisor
-
root3 tax 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 root3 tax limited.
root3 tax limited Companies House Filings - See Documents
| date | description | view/download |
|---|
