hg accounting solutions limited
hg accounting solutions limited Company Information
Group Structure
View All
Industry
Tax consultancy
Registered Address
first floor office, 190 london road, westerham, TN16 2DJ
Website
-hg accounting solutions limited Estimated Valuation
Pomanda estimates the enterprise value of HG ACCOUNTING SOLUTIONS LIMITED at £30.7k based on a Turnover of £40.1k and 0.77x industry multiple (adjusted for size and gross margin).
hg accounting solutions limited Estimated Valuation
Pomanda estimates the enterprise value of HG ACCOUNTING SOLUTIONS LIMITED at £0 based on an EBITDA of £-2k and a 4.69x industry multiple (adjusted for size and gross margin).
hg accounting solutions limited Estimated Valuation
Pomanda estimates the enterprise value of HG ACCOUNTING SOLUTIONS LIMITED at £93.6k based on Net Assets of £22k and 4.26x industry multiple (adjusted for liquidity).
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Hg Accounting Solutions Limited Overview
Hg Accounting Solutions Limited is a live company located in westerham, TN16 2DJ with a Companies House number of 07181498. It operates in the tax consultancy sector, SIC Code 69203. Founded in March 2010, it's largest shareholder is helen joan garrett with a 100% stake. Hg Accounting Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £40.1k with rapid growth in recent years.
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Hg Accounting Solutions Limited Health Check
Pomanda's financial health check has awarded Hg Accounting Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £40.1k, make it smaller than the average company (£197.8k)
- Hg Accounting Solutions Limited
£197.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 1558%, show it is growing at a faster rate (7.1%)
- Hg Accounting Solutions Limited
7.1% - Industry AVG
Production
with a gross margin of 46.7%, this company has a higher cost of product (80.3%)
- Hg Accounting Solutions Limited
80.3% - Industry AVG
Profitability
an operating margin of -5% make it less profitable than the average company (5.7%)
- Hg Accounting Solutions Limited
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Hg Accounting Solutions Limited
4 - Industry AVG
Pay Structure
on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)
- Hg Accounting Solutions Limited
£50.4k - Industry AVG
Efficiency
resulting in sales per employee of £40.1k, this is less efficient (£88.6k)
- Hg Accounting Solutions Limited
£88.6k - Industry AVG
Debtor Days
it gets paid by customers after 199 days, this is later than average (95 days)
- Hg Accounting Solutions Limited
95 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (33 days)
- Hg Accounting Solutions Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hg Accounting Solutions Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hg Accounting Solutions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.9%, this is a lower level of debt than the average (54.9%)
1.9% - Hg Accounting Solutions Limited
54.9% - Industry AVG
HG ACCOUNTING SOLUTIONS LIMITED financials
Hg Accounting Solutions Limited's latest turnover from March 2024 is estimated at £40.1 thousand and the company has net assets of £22 thousand. According to their latest financial statements, Hg Accounting Solutions Limited has 1 employee and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 450 | 599 | 799 | 407 | 1,130 | 1,853 | 1,833 | 791 | 244 | 120 | ||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 450 | 599 | 799 | 407 | 1,130 | 1,853 | 1,833 | 791 | 244 | 120 | ||||
| Stock & work in progress | 250 | 250 | ||||||||||||
| Trade Debtors | 21,954 | 43,973 | 3,616 | 11,671 | 15,120 | 13,819 | 1,947 | 583 | 1,686 | 2,471 | ||||
| Group Debtors | ||||||||||||||
| Misc Debtors | ||||||||||||||
| Cash | 17,677 | 18,719 | 15,384 | 6,840 | ||||||||||
| misc current assets | ||||||||||||||
| total current assets | 21,954 | 43,973 | 3,616 | 11,671 | 15,120 | 13,819 | 19,874 | 19,552 | 17,070 | 9,311 | ||||
| total assets | 22,404 | 44,572 | 799 | 3,616 | 12,078 | 16,250 | 15,672 | 21,707 | 20,343 | 17,314 | 9,431 | |||
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 427 | 20,584 | 2,622 | 34 | 34 | 34 | 34 | 3,297 | 8,101 | 5,687 | 7,203 | 6,223 | 5,109 | 4,873 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | ||||||||||||||
| total current liabilities | 427 | 20,584 | 2,622 | 34 | 34 | 34 | 34 | 3,297 | 8,101 | 5,687 | 7,203 | 6,223 | 5,109 | 4,873 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | ||||||||||||||
| total liabilities | 427 | 20,584 | 2,622 | 34 | 34 | 34 | 34 | 3,297 | 8,101 | 5,687 | 7,203 | 6,223 | 5,109 | 4,873 |
| net assets | 21,977 | 23,988 | -1,823 | -34 | -34 | -34 | 3,582 | 8,781 | 8,149 | 9,985 | 14,504 | 14,120 | 12,205 | 4,558 |
| total shareholders funds | 21,977 | 23,988 | -1,823 | -34 | -34 | -34 | 3,582 | 8,781 | 8,149 | 9,985 | 14,504 | 14,120 | 12,205 | 4,558 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 742 | 426 | 105 | 30 | ||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -250 | 250 | ||||||||||||
| Debtors | -22,019 | 43,973 | -3,616 | -8,055 | -3,449 | 1,301 | 11,872 | 1,364 | -1,103 | -785 | 2,471 | |||
| Creditors | -20,157 | 17,962 | 2,588 | -3,263 | -4,804 | 2,414 | -1,516 | 980 | 1,114 | 236 | 4,873 | |||
| Accruals and Deferred Income | ||||||||||||||
| 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 | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -17,677 | -1,042 | 3,335 | 8,544 | 6,840 | |||||||||
| overdraft | ||||||||||||||
| change in cash | -17,677 | -1,042 | 3,335 | 8,544 | 6,840 |
hg accounting solutions limited Credit Report and Business Information
Hg Accounting Solutions Limited Competitor Analysis
Perform a competitor analysis for hg accounting solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TN16 area or any other competitors across 12 key performance metrics.
hg accounting solutions limited Ownership
HG ACCOUNTING SOLUTIONS LIMITED group structure
Hg Accounting Solutions Limited has no subsidiary companies.
Ultimate parent company
HG ACCOUNTING SOLUTIONS LIMITED
07181498
hg accounting solutions limited directors
Hg Accounting Solutions Limited currently has 1 director, Mrs Helen Garrett serving since Mar 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Helen Garrett | 60 years | Mar 2010 | - | Director |
P&L
March 2024turnover
40.1k
-40%
operating profit
-2k
0%
gross margin
46.7%
+14.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
22k
-0.08%
total assets
22.4k
-0.5%
cash
0
0%
net assets
Total assets minus all liabilities
hg accounting solutions limited company details
company number
07181498
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
March 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
first floor office, 190 london road, westerham, TN16 2DJ
Bank
-
Legal Advisor
-
hg accounting solutions 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 hg accounting solutions limited.
hg accounting solutions 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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hg accounting solutions limited Companies House Filings - See Documents
| date | description | view/download |
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