Mark Ward Accountants Limited

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mark ward accountants limited Company Information

Live

EstablishedMicroHealthy

Company Number

07231498

Website

www.markwardcca.co.uk

Registered Address

1st floor offices, cef buildings broomhill way, torquay, devon, TQ2 7QN

Industry

Accounting, and auditing activities

Telephone

01803614200

Next Accounts Due

December 2024

Group Structure

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Directors

Mark Ward14 Years

Shareholders

mark gary ward 60.1%

sharon naomi ward 24.9%

View All

mark ward accountants limited Estimated Valuation

£293.5k

Pomanda estimates the enterprise value of MARK WARD ACCOUNTANTS LIMITED at £293.5k based on a Turnover of £320.6k and 0.92x industry multiple (adjusted for size and gross margin).

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Mark Ward Accountants Limited is a live company located in torquay, TQ2 7QN with a Companies House number of 07231498. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2010, it's largest shareholder is mark gary ward with a 60.1% stake. Mark Ward Accountants Limited is a established, micro sized company, Pomanda has estimated its turnover at £320.6k with healthy growth in recent years.

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Pomanda's financial health check has awarded Mark Ward Accountants Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £320.6k, make it larger than the average company (£138.4k)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.8%)

EXPORT

Mark Ward Accountants Limited's latest turnover from March 2023 is estimated at £320.6 thousand and the company has net assets of £15.9 thousand. According to their latest financial statements, Mark Ward Accountants Limited has 9 employees and maintains cash reserves of £29.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	320,619	243,793	250,699	226,315	224,539	225,113	242,730	197,800	293,935	230,110	399,067	261,365	96,450
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	99,344	83,954	84,470	37,484	28,232	16,785	14,399	15,314	26,214	18,678	47,738	29,446	7,607
Gross Profit	221,275	159,838	166,229	188,832	196,307	208,328	228,332	182,485	267,720	211,432	351,330	231,919	88,844
Admin Expenses	229,947	154,557	163,717	187,070	204,272	209,108	223,533	174,120	263,336	209,058	348,464	218,681	87,435
Operating Profit	-8,672	5,281	2,512	1,762	-7,965	-780	4,799	8,365	4,384	2,374	2,866	13,238	1,409
Interest Payable	3,819	3,108	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,158	504	46	25	125	72	45	113	111	95	124	106	26
Pre-Tax Profit	-10,333	2,677	1,033	1,786	-7,840	-709	4,844	8,478	4,495	2,469	2,989	13,343	1,435
Tax	0	-509	-196	-339	0	0	-969	-1,695	-944	-568	-717	-3,469	-402
Profit After Tax	-10,333	2,168	837	1,447	-7,840	-709	3,875	6,782	3,551	1,901	2,272	9,874	1,033
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,333	2,168	837	1,447	-7,840	-709	3,875	6,782	3,551	1,901	2,272	9,874	1,033
Employee Costs	187,560	188,418	182,814	137,459	180,982	176,391	200,457	110,357	140,624	119,481	197,203	134,620	52,842
Number Of Employees	9	9	9	8	8	8	8	4	5	4	7	5	2
EBITDA*	-5,241	11,317	8,310	10,104	45	6,924	12,164	16,734	12,027	10,162	11,079	22,440	8,531

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	10,293	10,711	12,262	16,023	12,409	14,113	14,334	16,108	13,929	11,985	11,855	12,503	12,358
Intangible Assets	0	0	0	0	3,000	6,000	9,000	12,000	15,000	18,000	21,000	24,000	27,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,293	10,711	12,262	16,023	15,409	20,113	23,334	28,108	28,929	29,985	32,855	36,503	39,358
Stock & work in progress	2,851	8,887	6,403	6,123	5,698	6,118	5,553	5,954	7,731	8,118	7,201	8,707	9,115
Trade Debtors	59,352	31,686	35,234	30,952	32,915	33,215	32,751	32,679	44,018	31,316	55,880	37,112	13,198
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,490	6,543	13,445	12,807	12,412	16,068	10,762	10,359	0	0	0	0	0
Cash	29,733	71,799	62,609	29,734	19,722	13,678	14,920	21,171	24,012	20,255	17,780	31,759	10,445
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	104,426	118,915	117,691	79,616	70,747	69,079	63,986	70,163	75,761	59,689	80,861	77,578	32,758
total assets	114,719	129,626	129,953	95,639	86,156	89,192	87,320	98,271	104,690	89,674	113,716	114,081	72,116
Bank overdraft	9,677	9,648	7,924	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,160	5,321	938	1,178	1,973	2,921	2,764	3,276	85,059	73,594	99,537	102,174	70,083
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	61,711	53,985	52,662	68,231	60,086	54,011	51,649	65,360	0	0	0	0	0
total current liabilities	73,548	68,954	61,524	69,409	62,059	56,932	54,413	68,636	85,059	73,594	99,537	102,174	70,083
loans	22,740	32,446	42,076	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,573	2,035	2,330	3,044	2,358	2,681	2,619	3,222	0	0	0	0	0
total long term liabilities	25,313	34,481	44,406	3,044	2,358	2,681	2,619	3,222	0	0	0	0	0
total liabilities	98,861	103,435	105,930	72,453	64,417	59,613	57,032	71,858	85,059	73,594	99,537	102,174	70,083
net assets	15,858	26,191	24,023	23,186	21,739	29,579	30,288	26,413	19,631	16,080	14,179	11,907	2,033
total shareholders funds	15,858	26,191	24,023	23,186	21,739	29,579	30,288	26,413	19,631	16,080	14,179	11,907	2,033

	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	-8,672	5,281	2,512	1,762	-7,965	-780	4,799	8,365	4,384	2,374	2,866	13,238	1,409
Depreciation	3,431	6,036	5,798	5,342	5,010	4,704	4,365	5,369	4,643	4,788	5,213	6,202	4,122
Amortisation	0	0	0	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
Tax	0	-509	-196	-339	0	0	-969	-1,695	-944	-568	-717	-3,469	-402
Stock	-6,036	2,484	280	425	-420	565	-401	-1,777	-387	917	-1,506	-408	9,115
Debtors	33,613	-10,450	4,920	-1,568	-3,956	5,770	475	-980	12,702	-24,564	18,768	23,914	13,198
Creditors	-3,161	4,383	-240	-795	-948	157	-512	-81,783	11,465	-25,943	-2,637	32,091	70,083
Accruals and Deferred Income	7,726	1,323	-15,569	8,145	6,075	2,362	-13,711	65,360	0	0	0	0	0
Deferred Taxes & Provisions	538	-295	-714	686	-323	62	-603	3,222	0	0	0	0	0
Cash flow from operations	-27,715	24,185	-13,609	18,944	9,225	3,170	-3,705	4,595	10,233	7,298	-9,537	27,556	55,899
Investing Activities
capital expenditure	-3,013	-4,485	-2,037	-8,956	-3,306	-4,483	-2,591	-7,548	-6,587	-4,918	-4,565	-6,347	-46,480
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,013	-4,485	-2,037	-8,956	-3,306	-4,483	-2,591	-7,548	-6,587	-4,918	-4,565	-6,347	-46,480
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,706	-9,630	42,076	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-1,661	-2,604	-1,479	25	125	72	45	113	111	95	124	106	26
cash flow from financing	-11,367	-12,234	40,597	25	125	72	45	113	111	95	124	106	1,026
cash and cash equivalents
cash	-42,066	9,190	32,875	10,012	6,044	-1,242	-6,251	-2,841	3,757	2,475	-13,979	21,314	10,445
overdraft	29	1,724	7,924	0	0	0	0	0	0	0	0	0	0
change in cash	-42,095	7,466	24,951	10,012	6,044	-1,242	-6,251	-2,841	3,757	2,475	-13,979	21,314	10,445

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARK WARD ACCOUNTANTS LIMITED group structure

Mark Ward Accountants Limited has no subsidiary companies.

Ultimate parent company

MARK WARD ACCOUNTANTS LIMITED

07231498

MARK WARD ACCOUNTANTS LIMITED Shareholders

mark gary ward	60.1%
sharon naomi ward	24.9%
christopher chalk	10%
daniel ward	2.5%
neill david stephens	2.5%

Mark Ward Accountants Limited currently has 1 director, Mr Mark Ward serving since Apr 2010.

officer	country	age	start	end	role
Mr Mark Ward	England	60 years	Apr 2010	-	Director

P&L

March 2023

turnover

320.6k

+32%

operating profit

-8.7k

gross margin

69.1%

+5.26%

turnover

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

Balance Sheet

March 2023

net assets

15.9k

-0.39%

total assets

114.7k

-0.12%

cash

29.7k

-0.59%

net assets

Total assets minus all liabilities

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company number

07231498

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

April 2010

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

1st floor offices, cef buildings broomhill way, torquay, devon, TQ2 7QN

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mark ward accountants limited Company Information

mark ward accountants limited Estimated Valuation

mark ward accountants limited Estimated Valuation

mark ward accountants limited Estimated Valuation

Mark Ward Accountants Limited Overview

Mark Ward Accountants Limited Health Check

MARK WARD ACCOUNTANTS LIMITED financials

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