Keytax Accountants Ltd

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keytax accountants ltd Company Information

Live

EstablishedSmallHigh

Company Number

07319141

Website

www.keytax.net

Registered Address

220-222 warwick road, sparkhill, birmingham, B11 2NB

Industry

Accounting, and auditing activities

Telephone

01217530010

Next Accounts Due

December 2024

Group Structure

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Directors

Habib Khan14 Years

Shareholders

habib ahmed khan 100%

keytax accountants ltd Estimated Valuation

£480.2k

Pomanda estimates the enterprise value of KEYTAX ACCOUNTANTS LTD at £480.2k based on a Turnover of £688.4k and 0.7x industry multiple (adjusted for size and gross margin).

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Keytax Accountants Ltd is a live company located in birmingham, B11 2NB with a Companies House number of 07319141. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2010, it's largest shareholder is habib ahmed khan with a 100% stake. Keytax Accountants Ltd is a established, small sized company, Pomanda has estimated its turnover at £688.4k with high growth in recent years.

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Pomanda's financial health check has awarded Keytax Accountants Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

4 Strong

1 Regular

6 Weak

Size

annual sales of £688.4k, make it larger than the average company (£138.5k)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.8%)

EXPORT

Keytax Accountants Ltd's latest turnover from March 2023 is estimated at £688.4 thousand and the company has net assets of £84 thousand. According to their latest financial statements, Keytax Accountants Ltd has 12 employees and maintains cash reserves of £2 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	Jul 2011
Turnover	688,375	524,130	470,453	426,478	309,118	139,206	854	4,791	22,608	272	435	0	211
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	366,099	278,647	225,338	212,048	138,355	57,543	339	2,196	9,176	94	153	0	75
Gross Profit	322,277	245,484	245,115	214,430	170,762	81,663	515	2,594	13,433	179	282	0	136
Admin Expenses	307,868	228,458	204,811	206,610	175,351	60,177	15,001	-6,351	6,091	-6,428	3,034	-4,852	-2,142
Operating Profit	14,409	17,026	40,304	7,820	-4,589	21,486	-14,486	8,945	7,342	6,607	-2,752	4,852	2,278
Interest Payable	0	0	0	109	120	0	0	0	0	0	0	0	0
Interest Receivable	515	205	17	1	28	26	15	40	32	18	19	20	6
Pre-Tax Profit	14,923	17,231	40,321	7,712	-4,681	21,512	-14,471	8,985	7,373	6,625	-2,733	4,872	2,284
Tax	-2,835	-3,274	-7,661	-1,465	0	-4,087	0	-1,797	-1,548	-1,524	0	-1,267	-594
Profit After Tax	12,088	13,957	32,660	6,247	-4,681	17,425	-14,471	7,188	5,825	5,101	-2,733	3,605	1,690
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,088	13,957	32,660	6,247	-4,681	17,425	-14,471	7,188	5,825	5,101	-2,733	3,605	1,690
Employee Costs	237,576	253,276	243,753	206,444	271,473	44,573	25,057	27,589	28,125	29,870	28,172	0	27,250
Number Of Employees	12	12	12	12	12	2	1	1	1	1	1	0	1
EBITDA*	19,441	23,349	43,024	10,653	-1,661	21,486	-14,486	13,688	8,525	8,086	-1,717	5,583	2,425

* 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	Jul 2011
Tangible Assets	7,807	12,691	12,590	9,467	9,240	10,923	14,140	18,973	4,733	5,916	4,140	2,922	588
Intangible Assets	970	970	970	970	970	970	700	700	700	700	700	700	700
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	25,500	35,500	35,500	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	34,277	49,161	49,060	10,437	10,210	11,893	14,840	19,673	5,433	6,616	4,840	3,622	1,288
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	386,396	279,832	232,740	200,952	127,023	70,937	0	1,580	6,500	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	2,047	22,183	32,521	1,066	0	7,451	3,101	8,694	7,331	5,295	1,761	5,825	2,212
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	388,443	302,015	265,261	202,018	127,023	78,388	3,101	10,274	13,831	5,295	1,761	5,825	2,212
total assets	422,720	351,176	314,321	212,455	137,233	90,281	17,941	29,947	19,264	11,911	6,601	9,447	3,500
Bank overdraft	0	0	0	0	3,560	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	296,563	230,362	206,118	186,731	114,461	61,186	11,636	9,171	5,676	4,148	3,939	0	1,710
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	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	296,563	230,362	206,118	186,731	118,021	61,186	11,636	9,171	5,676	4,148	3,939	0	1,710
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	40,824	48,566	50,000	0	0	0	0	0	0	0	0	4,052	0
provisions	1,332	335	247	428	163	5,365	0	0	0	0	0	0	0
total long term liabilities	42,156	48,901	50,247	428	163	5,365	0	0	0	0	0	4,052	0
total liabilities	338,719	279,263	256,365	187,159	118,184	66,551	11,636	9,171	5,676	4,148	3,939	4,052	1,710
net assets	84,001	71,913	57,956	25,296	19,049	23,730	6,305	20,776	13,588	7,763	2,662	5,395	1,790
total shareholders funds	84,001	71,913	57,956	25,296	19,049	23,730	6,305	20,776	13,588	7,763	2,662	5,395	1,790

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Jul 2011
Operating Activities
Operating Profit	14,409	17,026	40,304	7,820	-4,589	21,486	-14,486	8,945	7,342	6,607	-2,752	4,852	2,278
Depreciation	5,032	6,323	2,720	2,833	2,928	0	0	4,743	1,183	1,479	1,035	731	147
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,835	-3,274	-7,661	-1,465	0	-4,087	0	-1,797	-1,548	-1,524	0	-1,267	-594
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	96,564	47,092	67,288	73,929	56,086	70,937	-1,580	-4,920	6,500	0	0	0	0
Creditors	66,201	24,244	19,387	72,270	53,275	49,550	2,465	3,495	1,528	209	3,939	-1,710	1,710
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	997	88	-181	265	-5,202	5,365	0	0	0	0	0	0	0
Cash flow from operations	-12,760	-2,685	-12,719	7,794	-9,674	1,377	-10,441	20,306	2,005	6,771	2,222	2,606	3,541
Investing Activities
capital expenditure	-148	-6,424	-5,843	-3,060	-1,245	2,947	4,833	-18,983	0	-3,255	-2,253	-3,065	-1,435
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-148	-6,424	-5,843	-3,060	-1,245	2,947	4,833	-18,983	0	-3,255	-2,253	-3,065	-1,435
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	0	0	0	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	-7,742	-1,434	50,000	0	0	0	0	0	0	0	-4,052	4,052	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	515	205	17	-108	-92	26	15	40	32	18	19	20	6
cash flow from financing	-7,227	-1,229	50,017	-108	-92	26	15	40	32	18	-4,033	4,072	106
cash and cash equivalents
cash	-20,136	-10,338	31,455	1,066	-7,451	4,350	-5,593	1,363	2,036	3,534	-4,064	3,613	2,212
overdraft	0	0	0	-3,560	3,560	0	0	0	0	0	0	0	0
change in cash	-20,136	-10,338	31,455	4,626	-11,011	4,350	-5,593	1,363	2,036	3,534	-4,064	3,613	2,212

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for keytax accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in B11 area or any other competitors across 12 key performance metrics.

KEYTAX ACCOUNTANTS LTD group structure

Keytax Accountants Ltd has no subsidiary companies.

Ultimate parent company

KEYTAX ACCOUNTANTS LTD

07319141

KEYTAX ACCOUNTANTS LTD Shareholders

habib ahmed khan

100%

Keytax Accountants Ltd currently has 1 director, Mr Habib Khan serving since Jul 2010.

officer	country	age	start	end	role
Mr Habib Khan	England	44 years	Jul 2010	-	Director

P&L

March 2023

turnover

688.4k

+31%

operating profit

14.4k

gross margin

46.9%

-0.04%

turnover

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

Balance Sheet

March 2023

net assets

84k

+0.17%

total assets

422.7k

+0.2%

cash

-0.91%

net assets

Total assets minus all liabilities

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company number

07319141

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

July 2010

ultimate parent company

None

previous names

N/A

address

220-222 warwick road, sparkhill, birmingham, B11 2NB

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 keytax accountants ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

keytax accountants ltd Company Information

keytax accountants ltd Estimated Valuation

keytax accountants ltd Estimated Valuation

keytax accountants ltd Estimated Valuation

Keytax Accountants Ltd Overview

Keytax Accountants Ltd Health Check

KEYTAX ACCOUNTANTS LTD financials

keytax accountants ltd Credit Report and Business Information

Keytax Accountants Ltd Competitor Analysis

keytax accountants ltd Ownership

keytax accountants ltd directors

keytax accountants ltd company details

keytax accountants ltd Charges & Mortgages

keytax accountants ltd Companies House Filings - See Documents