think accounting ltd
think accounting ltd Company Information
Company Number
07137900
Website
-Registered Address
forensic recovery limited, suite 20, sandown house, wetherby, west yorkshire, LS22 7DN
Industry
Accounting, and auditing activities
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Directors
Lee Wilson14 Years
Shareholders
lee wilson 100%
think accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of THINK ACCOUNTING LTD at £736.6k based on a Turnover of £855.7k and 0.86x industry multiple (adjusted for size and gross margin).
think accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of THINK ACCOUNTING LTD at £439.7k based on an EBITDA of £90.7k and a 4.85x industry multiple (adjusted for size and gross margin).
think accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of THINK ACCOUNTING LTD at £215.7k based on Net Assets of £69.5k and 3.11x industry multiple (adjusted for liquidity).
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Think Accounting Ltd Overview
Think Accounting Ltd is a dissolved company that was located in wetherby, LS22 7DN with a Companies House number of 07137900. It operated in the accounting and auditing activities sector, SIC Code 69201. Founded in January 2010, it's largest shareholder was lee wilson with a 100% stake. The last turnover for Think Accounting Ltd was estimated at £855.7k.
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Think Accounting Ltd Health Check
Pomanda's financial health check has awarded Think Accounting Ltd a 3.5 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 £855.7k, make it larger than the average company (£110.4k)
- Think Accounting Ltd
£110.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Think Accounting Ltd
- - Industry AVG
Production
with a gross margin of 62.4%, this company has a higher cost of product (88.3%)
- Think Accounting Ltd
88.3% - Industry AVG
Profitability
an operating margin of 6.9% make it less profitable than the average company (24.3%)
- Think Accounting Ltd
24.3% - Industry AVG
Employees
with 10 employees, this is below the industry average (13)
- Think Accounting Ltd
13 - Industry AVG
Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£28k)
- Think Accounting Ltd
£28k - Industry AVG
Efficiency
resulting in sales per employee of £85.6k, this is more efficient (£58.4k)
- Think Accounting Ltd
£58.4k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (48 days)
- Think Accounting Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 152 days, this is slower than average (66 days)
- Think Accounting Ltd
66 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Think Accounting Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 283 weeks, this is more cash available to meet short term requirements (23 weeks)
283 weeks - Think Accounting Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (71.6%)
93.9% - Think Accounting Ltd
71.6% - Industry AVG
THINK ACCOUNTING LTD financials
Think Accounting Ltd's latest turnover from June 2013 is estimated at £855.7 thousand and the company has net assets of £69.5 thousand. According to their latest financial statements, we estimate that Think Accounting Ltd has 10 employees and maintains cash reserves of £732.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|
| 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
| Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|
| Tangible Assets | 14,425 | 18,057 | 16,421 |
| Intangible Assets | 13,729 | 6,763 | 13,527 |
| Investments & Other | 2,000 | 0 | 0 |
| Debtors (Due After 1 year) | 149,025 | 149,148 | 123 |
| Total Fixed Assets | 179,179 | 173,968 | 30,071 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 233,541 | 233,541 | 175,996 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 732,273 | 226,935 | 161,058 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 965,814 | 460,476 | 337,054 |
| total assets | 1,144,993 | 634,444 | 367,125 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 134,373 | 119,579 | 12,172 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 134,373 | 119,579 | 12,172 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 941,136 | 492,815 | 344,003 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 941,136 | 492,815 | 344,003 |
| total liabilities | 1,075,509 | 612,394 | 356,175 |
| net assets | 69,484 | 22,050 | 10,950 |
| total shareholders funds | 69,484 | 22,050 | 10,950 |
| Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 17,886 | 13,135 | 8,211 |
| Amortisation | 13,629 | 6,764 | 6,764 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -123 | 206,570 | 176,119 |
| Creditors | 14,794 | 107,407 | 12,172 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 2,000 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 448,321 | 148,812 | 344,003 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 505,338 | 65,877 | 161,058 |
| overdraft | 0 | 0 | 0 |
| change in cash | 505,338 | 65,877 | 161,058 |
think accounting ltd Credit Report and Business Information
Think Accounting Ltd Competitor Analysis
Perform a competitor analysis for think accounting ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in LS22 area or any other competitors across 12 key performance metrics.
think accounting ltd Ownership
THINK ACCOUNTING LTD group structure
Think Accounting Ltd has no subsidiary companies.
Ultimate parent company
THINK ACCOUNTING LTD
07137900
think accounting ltd directors
Think Accounting Ltd currently has 1 director, Lee Wilson serving since Jan 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Lee Wilson | 47 years | Jan 2010 | - | Director |
P&L
June 2013turnover
855.7k
-8%
operating profit
59.2k
0%
gross margin
62.5%
+5.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2013net assets
69.5k
+2.15%
total assets
1.1m
+0.8%
cash
732.3k
+2.23%
net assets
Total assets minus all liabilities
think accounting ltd company details
company number
07137900
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
January 2010
age
14
incorporated
UK
accounts
Total Exemption Small
ultimate parent company
previous names
my-pay advanced payroll systems ltd (April 2011)
last accounts submitted
June 2013
address
forensic recovery limited, suite 20, sandown house, wetherby, west yorkshire, LS22 7DN
accountant
-
auditor
-
think accounting 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 think accounting ltd.
think accounting ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
