classic accountancy services (uk) ltd

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classic accountancy services (uk) ltd Company Information

Share CLASSIC ACCOUNTANCY SERVICES (UK) LTD

Company Number

07197383

Directors

Collins Anim

Shareholders

collins anim

sandra addo anim

Group Structure

View All

Industry

Accounting, and auditing activities

 

Registered Address

33a crook log, bexleyheath, kent, DA6 8EB

classic accountancy services (uk) ltd Estimated Valuation

£219.8k

Pomanda estimates the enterprise value of CLASSIC ACCOUNTANCY SERVICES (UK) LTD at £219.8k based on a Turnover of £283.9k and 0.77x industry multiple (adjusted for size and gross margin).

classic accountancy services (uk) ltd Estimated Valuation

£135.8k

Pomanda estimates the enterprise value of CLASSIC ACCOUNTANCY SERVICES (UK) LTD at £135.8k based on an EBITDA of £27.2k and a 4.99x industry multiple (adjusted for size and gross margin).

classic accountancy services (uk) ltd Estimated Valuation

£170.1k

Pomanda estimates the enterprise value of CLASSIC ACCOUNTANCY SERVICES (UK) LTD at £170.1k based on Net Assets of £56.3k and 3.02x industry multiple (adjusted for liquidity).

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Classic Accountancy Services (uk) Ltd Overview

Classic Accountancy Services (uk) Ltd is a live company located in kent, DA6 8EB with a Companies House number of 07197383. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2010, it's largest shareholder is collins anim with a 95% stake. Classic Accountancy Services (uk) Ltd is a established, micro sized company, Pomanda has estimated its turnover at £283.9k with rapid growth in recent years.

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Classic Accountancy Services (uk) Ltd Health Check

Pomanda's financial health check has awarded Classic Accountancy Services (Uk) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £283.9k, make it larger than the average company (£178.6k)

£283.9k - Classic Accountancy Services (uk) Ltd

£178.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (8.3%)

34% - Classic Accountancy Services (uk) Ltd

8.3% - Industry AVG

production

Production

with a gross margin of 50.6%, this company has a higher cost of product (93.4%)

50.6% - Classic Accountancy Services (uk) Ltd

93.4% - Industry AVG

profitability

Profitability

an operating margin of 9.6% make it as profitable than the average company (10.1%)

9.6% - Classic Accountancy Services (uk) Ltd

10.1% - Industry AVG

employees

Employees

with 7 employees, this is above the industry average (3)

7 - Classic Accountancy Services (uk) Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)

£34.8k - Classic Accountancy Services (uk) Ltd

£34.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £40.6k, this is less efficient (£76.4k)

£40.6k - Classic Accountancy Services (uk) Ltd

£76.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 150 days, this is later than average (77 days)

150 days - Classic Accountancy Services (uk) Ltd

77 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 135 days, this is slower than average (22 days)

135 days - Classic Accountancy Services (uk) Ltd

22 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Classic Accountancy Services (uk) Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Classic Accountancy Services (uk) Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.3%, this is a higher level of debt than the average (50.8%)

62.3% - Classic Accountancy Services (uk) Ltd

50.8% - Industry AVG

CLASSIC ACCOUNTANCY SERVICES (UK) LTD financials

EXPORTms excel logo

Classic Accountancy Services (Uk) Ltd's latest turnover from March 2024 is estimated at £283.9 thousand and the company has net assets of £56.3 thousand. According to their latest financial statements, Classic Accountancy Services (Uk) Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Turnover283,880231,333194,971119,072122,81292,14773,78271,20422,2034,82814,1353,4893,0885,318
Other Income Or Grants00000000000000
Cost Of Sales140,085113,66394,53354,48753,94038,37528,45727,13910,2401,9104,9171,2481,1401,887
Gross Profit143,795117,671100,43864,58568,87253,77245,32544,06511,9632,9189,2182,2411,9483,431
Admin Expenses116,554100,07081,77960,64568,87174,01342,43740,061-10,0355,470-6,970-14,3655,09220,901
Operating Profit27,24117,60118,6593,9401-20,2412,8884,00421,998-2,55216,18816,606-3,144-17,470
Interest Payable001,5191,3730000000000
Interest Receivable00331653611505913974802722
Pre-Tax Profit27,24117,60117,4722,63237-20,1262,8884,06322,138-2,47816,26816,633-3,142-17,468
Tax-6,810-3,344-3,320-500-70-549-812-4,4270-3,742-3,99200
Profit After Tax20,43114,25714,1522,13230-20,1262,3393,25017,710-2,47812,52612,641-3,142-17,468
Dividends Paid00000000000000
Retained Profit20,43114,25714,1522,13230-20,1262,3393,25017,710-2,47812,52612,641-3,142-17,468
Employee Costs243,355232,839153,152159,450168,008165,63428,07228,93927,35126,92928,35027,78225,18725,824
Number Of Employees77566511111111
EBITDA*27,24117,60135,4169,4381,883-20,2412,8884,00425,640-1,66016,42816,906-3,144-17,470

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Tangible Assets31,94835,33414,51516,50121,30622,54126,53434,45510,9263,5689601,20000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets31,94835,33414,51516,50121,30622,54126,53434,45510,9263,5689601,20000
Stock & work in progress00000000000000
Trade Debtors117,36584,62889,29120,34120,88016,98232,05826,5247,2571,3323,66782701,200
Group Debtors00000000000000
Misc Debtors0004,3994,3992,25000000000
Cash00088,34941,63230,6790047,1068,63521,10810,762162724
misc current assets00000000000000
total current assets117,36584,62889,291113,08966,91149,91132,05826,52454,3639,96724,77511,5891621,924
total assets149,313119,962103,806129,59088,21772,45258,59260,97965,28913,53525,73512,7891621,924
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 51,94530,32939,648008573,6156,32720,94011,35621,07820,65820,67219,292
Group/Directors Accounts000067,334000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00077,07615,5012,75800000000
total current liabilities51,94530,32939,64877,07682,8353,6153,6156,32720,94011,35621,07820,65820,67219,292
loans00045,0000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities41,11453,81042,5920063,48529,59931,61324,46000000
provisions00000000000000
total long term liabilities41,11453,81042,59245,000063,48529,59931,61324,46000000
total liabilities93,05984,13982,240122,07682,83567,10033,21437,94045,40011,35621,07820,65820,67219,292
net assets56,25435,82321,5667,5145,3825,35225,37823,03919,8892,1794,657-7,869-20,510-17,368
total shareholders funds56,25435,82321,5667,5145,3825,35225,37823,03919,8892,1794,657-7,869-20,510-17,368
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Operating Activities
Operating Profit27,24117,60118,6593,9401-20,2412,8884,00421,998-2,55216,18816,606-3,144-17,470
Depreciation0016,7575,4981,8820003,64289224030000
Amortisation00000000000000
Tax-6,810-3,344-3,320-500-70-549-812-4,4270-3,742-3,99200
Stock00000000000000
Debtors32,737-4,66364,551-5396,047-12,8265,53419,2675,925-2,3352,840827-1,2001,200
Creditors21,616-9,31939,6480-857-2,758-2,712-14,6139,584-9,722420-141,38019,292
Accruals and Deferred Income00-77,07661,57512,7432,75800000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations9,3109,601-69,88371,0527,715-7,415-5,907-30,68824,872-9,04710,26612,073-564622
Investing Activities
capital expenditure3,386-20,819-14,771-693-6473,9937,921-23,529-11,000-3,5000-1,50000
Change in Investments00000000000000
cash flow from investments3,386-20,819-14,771-693-6473,9937,921-23,529-11,000-3,5000-1,50000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts000-67,33467,334000000000
Other Short Term Loans 00000000000000
Long term loans00-45,00045,0000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-12,69611,21842,5920-63,48533,886-2,0147,15324,46000000
share issue00-100001000-10000000100
interest00-1,188-1,3083611505913974802722
cash flow from financing-12,69611,218-3,696-23,6423,88534,101-2,0147,11224,5997480272102
cash and cash equivalents
cash00-88,34946,71710,95330,6790-47,10638,471-12,47310,34610,600-562724
overdraft00000000000000
change in cash00-88,34946,71710,95330,6790-47,10638,471-12,47310,34610,600-562724

classic accountancy services (uk) ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Classic Accountancy Services (uk) Ltd Competitor Analysis

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Perform a competitor analysis for classic accountancy services (uk) ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in DA6 area or any other competitors across 12 key performance metrics.

classic accountancy services (uk) ltd Ownership

CLASSIC ACCOUNTANCY SERVICES (UK) LTD group structure

Classic Accountancy Services (Uk) Ltd has no subsidiary companies.

Ultimate parent company

CLASSIC ACCOUNTANCY SERVICES (UK) LTD

07197383

CLASSIC ACCOUNTANCY SERVICES (UK) LTD Shareholders

collins anim 95%
sandra addo anim 5%

classic accountancy services (uk) ltd directors

Classic Accountancy Services (Uk) Ltd currently has 1 director, Mr Collins Anim serving since Mar 2010.

officercountryagestartendrole
Mr Collins Anim48 years Mar 2010- Director

P&L

March 2024

turnover

283.9k

+23%

operating profit

27.2k

0%

gross margin

50.7%

-0.42%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

56.3k

+0.57%

total assets

149.3k

+0.24%

cash

0

0%

net assets

Total assets minus all liabilities

classic accountancy services (uk) ltd company details

company number

07197383

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

March 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

33a crook log, bexleyheath, kent, DA6 8EB

Bank

-

Legal Advisor

-

classic accountancy services (uk) 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 classic accountancy services (uk) ltd.

classic accountancy services (uk) ltd 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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classic accountancy services (uk) ltd Companies House Filings - See Documents

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