backoffice associates limited
backoffice associates limited Company Information
Company Number
07155824
Next Accounts
Sep 2025
Shareholders
backoffice associates europe (uk) ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
6th floor 60 gracechurch street, london, EC3V 0HR
Website
http://boaweb.combackoffice associates limited Estimated Valuation
Pomanda estimates the enterprise value of BACKOFFICE ASSOCIATES LIMITED at £13m based on a Turnover of £19.9m and 0.65x industry multiple (adjusted for size and gross margin).
backoffice associates limited Estimated Valuation
Pomanda estimates the enterprise value of BACKOFFICE ASSOCIATES LIMITED at £0 based on an EBITDA of £-844.6k and a 4.79x industry multiple (adjusted for size and gross margin).
backoffice associates limited Estimated Valuation
Pomanda estimates the enterprise value of BACKOFFICE ASSOCIATES LIMITED at £0 based on Net Assets of £-10.2m and 2.13x industry multiple (adjusted for liquidity).
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Backoffice Associates Limited Overview
Backoffice Associates Limited is a live company located in london, EC3V 0HR with a Companies House number of 07155824. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2010, it's largest shareholder is backoffice associates europe (uk) ltd with a 100% stake. Backoffice Associates Limited is a established, mid sized company, Pomanda has estimated its turnover at £19.9m with healthy growth in recent years.
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Backoffice Associates Limited Health Check
Pomanda's financial health check has awarded Backoffice Associates Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £19.9m, make it larger than the average company (£4.8m)
£19.9m - Backoffice Associates Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (6.7%)
8% - Backoffice Associates Limited
6.7% - Industry AVG
Production
with a gross margin of 23.6%, this company has a higher cost of product (38.3%)
23.6% - Backoffice Associates Limited
38.3% - Industry AVG
Profitability
an operating margin of -4.7% make it less profitable than the average company (5.7%)
-4.7% - Backoffice Associates Limited
5.7% - Industry AVG
Employees
with 88 employees, this is above the industry average (27)
88 - Backoffice Associates Limited
27 - Industry AVG
Pay Structure
on an average salary of £126.3k, the company has a higher pay structure (£53.9k)
£126.3k - Backoffice Associates Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £225.6k, this is more efficient (£171.3k)
£225.6k - Backoffice Associates Limited
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (42 days)
64 days - Backoffice Associates Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Backoffice Associates Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Backoffice Associates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (22 weeks)
1 weeks - Backoffice Associates Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 146.9%, this is a higher level of debt than the average (62.5%)
146.9% - Backoffice Associates Limited
62.5% - Industry AVG
BACKOFFICE ASSOCIATES LIMITED financials
Backoffice Associates Limited's latest turnover from December 2023 is £19.9 million and the company has net assets of -£10.2 million. According to their latest financial statements, Backoffice Associates Limited has 88 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,855,652 | 18,218,469 | 16,608,072 | 15,873,549 | 19,165,696 | 15,962,185 | 16,764,321 | 12,442,708 | 8,483,419 | 6,973,020 | 3,564,293 | 2,923,944 | ||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 15,176,407 | 16,196,508 | 13,658,339 | 14,087,528 | 15,671,489 | 15,367,360 | 16,430,127 | 10,260,252 | 7,739,709 | 4,336,099 | 2,173,577 | 1,954,736 | ||
| Gross Profit | 4,679,245 | 2,021,961 | 2,949,733 | 1,786,021 | 3,494,207 | 594,825 | 334,194 | 2,182,456 | 743,710 | 2,636,921 | 1,390,716 | 969,208 | ||
| Admin Expenses | 5,621,237 | 3,174,844 | 4,105,645 | 3,209,422 | 3,961,866 | 2,400,626 | 2,352,988 | 2,007,842 | 902,875 | 719,679 | ||||
| Operating Profit | -941,992 | -1,152,883 | -1,155,912 | -2,614,597 | -3,627,672 | -218,170 | -1,609,278 | 629,079 | 487,841 | 249,529 | ||||
| Interest Payable | 649 | 1,527 | ||||||||||||
| Interest Receivable | 151 | 1,255 | ||||||||||||
| Pre-Tax Profit | -941,841 | -1,152,883 | -1,155,912 | -595,225 | 138,176 | -2,614,597 | -3,627,066 | -218,170 | -1,610,805 | 629,079 | 487,841 | 227,144 | ||
| Tax | 39,712 | -193,504 | 284,423 | 23,510 | -16,942 | 28,820 | -159,001 | 26,200 | -52,882 | |||||
| Profit After Tax | -902,129 | -1,346,387 | -1,155,912 | -310,802 | 161,686 | -2,631,539 | -3,627,066 | -218,170 | -1,581,985 | 470,078 | 514,041 | 174,262 | ||
| Dividends Paid | 513,943 | 91,600 | ||||||||||||
| Retained Profit | -902,129 | -1,346,387 | -1,155,912 | -310,802 | 161,686 | -2,631,539 | -3,627,066 | -218,170 | -1,581,985 | -43,865 | 514,041 | 82,662 | ||
| Employee Costs | 11,112,354 | 12,955,975 | 12,229,910 | 9,138,669 | 10,090,122 | 8,848,710 | 9,412,578 | 7,440,872 | ||||||
| Number Of Employees | 88 | 97 | 85 | 72 | 78 | 49 | 52 | 47 | 47 | 22 | ||||
| EBITDA* | -844,632 | -1,070,890 | -1,101,035 | -2,577,856 | -3,520,536 | -181,242 | -1,597,881 | 640,699 | 497,292 | 260,977 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 128,380 | 151,818 | 140,434 | 65,650 | 102,712 | 201,087 | 57,602 | 31,662 | 15,854 | 12,974 | 15,987 | 15,077 | 21,917 | 10,552 |
| Intangible Assets | 31,297 | 200,795 | 145,835 | 229,167 | ||||||||||
| Investments & Other | 45,263 | 5,226 | ||||||||||||
| Debtors (Due After 1 year) | 159,336 | 169,867 | 169,867 | 209,336 | 209,336 | 86,656 | ||||||||
| Total Fixed Assets | 287,716 | 321,685 | 310,301 | 274,986 | 343,345 | 401,882 | 290,093 | 260,829 | 15,854 | 12,974 | 15,987 | 15,077 | 67,180 | 15,778 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 3,519,269 | 3,738,503 | 2,937,982 | 1,088,953 | 2,002,579 | 2,248,916 | 3,733,318 | 1,595,492 | 2,273,478 | 2,462,680 | 523,342 | 1,035,623 | 1,083,488 | 590,134 |
| Group Debtors | 15,604,312 | 12,949,582 | 14,620,451 | 16,308,684 | 11,012,476 | 6,192,945 | 6,290,716 | 2,500,127 | 42,558 | |||||
| Misc Debtors | 1,438,616 | 962,326 | 1,643,104 | 1,593,471 | 1,897,800 | 2,116,150 | 747,193 | 535,675 | 794,028 | 142,012 | 97,160 | |||
| Cash | 1,010,121 | 527,157 | 473,534 | 401,455 | 394,582 | 370,957 | 389,404 | 107,593 | 140,964 | 181,008 | 1,031,121 | 644,763 | 874,039 | 52,025 |
| misc current assets | ||||||||||||||
| total current assets | 21,572,318 | 18,177,568 | 19,675,071 | 19,392,563 | 15,307,437 | 15,212,473 | 12,431,817 | 8,740,994 | 5,450,244 | 3,480,274 | 1,696,475 | 1,777,546 | 1,957,527 | 642,159 |
| total assets | 21,860,034 | 18,499,253 | 19,985,372 | 19,667,549 | 15,650,782 | 15,614,355 | 12,721,910 | 9,001,823 | 5,466,098 | 3,493,248 | 1,712,462 | 1,792,623 | 2,024,707 | 657,937 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 37,060 | 186,956 | 360,555 | 220,464 | 509,396 | 1,151,901 | 986,379 | 302,043 | 150,215 | 1,221,341 | 80,252 | 515,964 | 1,223,427 | 398,697 |
| Group/Directors Accounts | 27,563,982 | 24,339,006 | 24,303,377 | 23,016,097 | 20,199,874 | 14,121,249 | 7,488,982 | 4,216,272 | 67,234 | 3,093 | ||||
| other short term finances | 19,398,684 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 4,508,909 | 3,263,999 | 3,086,167 | 3,276,477 | 1,476,199 | 1,679,116 | 1,648,566 | 1,318,925 | 839,691 | 222,865 | 392,717 | |||
| total current liabilities | 32,109,951 | 27,789,961 | 27,750,099 | 26,513,038 | 22,185,469 | 22,310,728 | 16,786,744 | 9,439,591 | 5,685,412 | 2,128,266 | 306,210 | 908,681 | 1,223,427 | 398,697 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 57,080 | 236,674 | 284 | 2,595 | ||||||||||
| total long term liabilities | 57,080 | 236,674 | 284 | 2,595 | ||||||||||
| total liabilities | 32,109,951 | 27,847,041 | 27,986,773 | 26,513,038 | 22,185,469 | 22,310,728 | 16,786,744 | 9,439,591 | 5,685,696 | 2,130,861 | 306,210 | 908,681 | 1,223,427 | 398,697 |
| net assets | -10,249,917 | -9,347,788 | -8,001,401 | -6,845,489 | -6,534,687 | -6,696,373 | -4,064,834 | -437,768 | -219,598 | 1,362,387 | 1,406,252 | 883,942 | 801,280 | 259,240 |
| total shareholders funds | -10,249,917 | -9,347,788 | -8,001,401 | -6,845,489 | -6,534,687 | -6,696,373 | -4,064,834 | -437,768 | -219,598 | 1,362,387 | 1,406,252 | 883,942 | 801,280 | 259,240 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -941,992 | -1,152,883 | -1,155,912 | -2,614,597 | -3,627,672 | -218,170 | -1,609,278 | 629,079 | 487,841 | 249,529 | ||||
| Depreciation | 97,360 | 81,993 | 54,877 | 59,480 | 76,058 | 36,741 | 23,804 | 16,095 | 11,397 | 11,620 | 9,451 | 11,448 | 8,683 | 2,686 |
| Amortisation | 31,297 | 169,198 | 83,332 | 20,833 | ||||||||||
| Tax | 39,712 | -193,504 | 284,423 | 23,510 | -16,942 | 28,820 | -159,001 | 26,200 | -52,882 | |||||
| Stock | ||||||||||||||
| Debtors | 2,901,255 | -1,551,126 | 170,960 | 4,078,253 | 12,873,275 | -9,880,153 | 3,495,668 | 3,324,121 | 2,010,014 | 2,633,912 | -418,134 | 49,295 | 493,354 | 590,134 |
| Creditors | -149,896 | -173,599 | 140,091 | -288,932 | -642,505 | 165,522 | 684,336 | 151,828 | -1,071,126 | 1,141,089 | -1,143,175 | -707,463 | 824,730 | 398,697 |
| Accruals and Deferred Income | 1,244,910 | 177,832 | -190,310 | 1,800,278 | 1,476,199 | -1,679,116 | 30,550 | 329,641 | 479,234 | 616,826 | 222,865 | 392,717 | ||
| Deferred Taxes & Provisions | -57,080 | -179,594 | 236,674 | -284 | -2,311 | 2,595 | ||||||||
| Cash flow from operations | -2,668,241 | 111,371 | -1,085,540 | -6,301,318 | -3,024,178 | -4,173,278 | -391,704 | 21,316 | -155,946 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -45,263 | -45,263 | 40,037 | 5,226 | ||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 3,224,976 | 35,629 | 1,287,280 | 2,816,223 | 20,199,874 | -14,121,249 | 6,632,267 | 3,272,710 | 4,149,038 | 64,141 | 3,093 | |||
| Other Short Term Loans | -19,398,684 | 19,398,684 | ||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 151 | 606 | -1,527 | |||||||||||
| cash flow from financing | 3,225,127 | 35,629 | 1,287,280 | 2,816,223 | 801,190 | 6,632,873 | 3,272,710 | 4,147,511 | 64,141 | 94,024 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 482,964 | 53,623 | 72,079 | 6,873 | 23,625 | -18,447 | 281,811 | -33,371 | -40,044 | -850,113 | 157,082 | -229,276 | 822,014 | 52,025 |
| overdraft | ||||||||||||||
| change in cash | 482,964 | 53,623 | 72,079 | 6,873 | 23,625 | -18,447 | 281,811 | -33,371 | -40,044 | -850,113 | 157,082 | -229,276 | 822,014 | 52,025 |
backoffice associates limited Credit Report and Business Information
Backoffice Associates Limited Competitor Analysis
Perform a competitor analysis for backoffice associates limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.
backoffice associates limited Ownership
BACKOFFICE ASSOCIATES LIMITED group structure
Backoffice Associates Limited has no subsidiary companies.
Ultimate parent company
BACKOFFICE ASSOCAITES HOLDINGS LLC
#0087829
2 parents
BACKOFFICE ASSOCIATES LIMITED
07155824
backoffice associates limited directors
Backoffice Associates Limited currently has 2 directors. The longest serving directors include Ms Melanie Payne (Mar 2020) and Mrs Janet Mesrobian (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Melanie Payne | United Kingdom | 60 years | Mar 2020 | - | Director |
| Mrs Janet Mesrobian | United States | 61 years | Oct 2023 | - | Director |
P&L
December 2023turnover
19.9m
+9%
operating profit
-942k
-18%
gross margin
23.6%
+112.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-10.2m
+0.1%
total assets
21.9m
+0.18%
cash
1m
+0.92%
net assets
Total assets minus all liabilities
Similar Companies
backoffice associates limited company details
company number
07155824
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
entota limited (September 2014)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
6th floor 60 gracechurch street, london, EC3V 0HR
Bank
-
Legal Advisor
-
backoffice associates 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 found 1 charges/mortgages relating to backoffice associates limited. Currently there are 0 open charges and 1 have been satisfied in the past.
backoffice associates 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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backoffice associates limited Companies House Filings - See Documents
| date | description | view/download |
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