reducing the deficit ltd
reducing the deficit ltd Company Information
Company Number
07462089
Next Accounts
Feb 2025
Directors
Shareholders
david michael lewis
marion lewis
Group Structure
View All
Industry
Management consultancy activities (other than financial management)
Registered Address
unit 36, silk mill industrial es, brook street, tring, hertfordshire, HP23 5EF
Website
-reducing the deficit ltd Estimated Valuation
Pomanda estimates the enterprise value of REDUCING THE DEFICIT LTD at £103.7k based on a Turnover of £259.5k and 0.4x industry multiple (adjusted for size and gross margin).
reducing the deficit ltd Estimated Valuation
Pomanda estimates the enterprise value of REDUCING THE DEFICIT LTD at £0 based on an EBITDA of £-1.1k and a 3.22x industry multiple (adjusted for size and gross margin).
reducing the deficit ltd Estimated Valuation
Pomanda estimates the enterprise value of REDUCING THE DEFICIT LTD at £276.7k based on Net Assets of £103.9k and 2.66x industry multiple (adjusted for liquidity).
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Reducing The Deficit Ltd Overview
Reducing The Deficit Ltd is a dissolved company that was located in tring, HP23 5EF with a Companies House number of 07462089. It operated in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in December 2010, it's largest shareholder was david michael lewis with a 55% stake. The last turnover for Reducing The Deficit Ltd was estimated at £259.5k.
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Reducing The Deficit Ltd Health Check
Pomanda's financial health check has awarded Reducing The Deficit Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
4 Weak
Size
annual sales of £259.5k, make it larger than the average company (£201.3k)
- Reducing The Deficit Ltd
£201.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (6%)
- Reducing The Deficit Ltd
6% - Industry AVG
Production
with a gross margin of 28.7%, this company has a higher cost of product (68%)
- Reducing The Deficit Ltd
68% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (9.8%)
- Reducing The Deficit Ltd
9.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
- Reducing The Deficit Ltd
7 - Industry AVG
Pay Structure
on an average salary of £52.3k, the company has an equivalent pay structure (£52.3k)
- Reducing The Deficit Ltd
£52.3k - Industry AVG
Efficiency
resulting in sales per employee of £129.7k, this is equally as efficient (£125.5k)
- Reducing The Deficit Ltd
£125.5k - Industry AVG
Debtor Days
it gets paid by customers after 144 days, this is later than average (72 days)
- Reducing The Deficit Ltd
72 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Reducing The Deficit Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Reducing The Deficit Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Reducing The Deficit Ltd
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Reducing The Deficit Ltd
- - Industry AVG
REDUCING THE DEFICIT LTD financials
Reducing The Deficit Ltd's latest turnover from January 2019 is estimated at £259.5 thousand and the company has net assets of £103.9 thousand. According to their latest financial statements, we estimate that Reducing The Deficit Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2019 | Oct 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 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
| Jan 2019 | Oct 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 114 | 228 | 343 | 0 | 155 | 310 | 465 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 114 | 228 | 343 | 0 | 155 | 310 | 465 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 103,050 | 104,885 | 0 | 0 | 0 | 20 | 42 | 20 | 20 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 69 | 20 | 20 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 119,401 | 137,754 | 92,832 | 93,813 | 69,426 | 107,053 | 54,516 |
| misc current assets | 803 | 85 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 103,853 | 104,970 | 119,470 | 137,776 | 92,852 | 93,833 | 69,468 | 107,073 | 54,536 |
| total assets | 103,853 | 104,970 | 119,584 | 138,004 | 93,195 | 93,833 | 69,623 | 107,383 | 55,001 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 8,665 | 2,544 | 17,599 | 18,322 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 1,125 | 13,048 | 5,044 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 1,125 | 13,048 | 5,044 | 8,665 | 2,544 | 17,599 | 18,322 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 0 | 0 | 1,125 | 13,048 | 5,044 | 8,665 | 2,544 | 17,599 | 18,322 |
| net assets | 103,853 | 104,970 | 118,459 | 124,956 | 88,151 | 85,168 | 67,079 | 89,784 | 36,679 |
| total shareholders funds | 103,853 | 104,970 | 118,459 | 124,956 | 88,151 | 85,168 | 67,079 | 89,784 | 36,679 |
| Jan 2019 | Oct 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 114 | 115 | 114 | 155 | 155 | 155 | 155 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,835 | 104,816 | 49 | 0 | 0 | -22 | 22 | 0 | 20 |
| Creditors | 0 | 0 | 0 | 0 | -8,665 | 6,121 | -15,055 | -723 | 18,322 |
| Accruals and Deferred Income | 0 | -1,125 | -11,923 | 8,004 | 5,044 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | -119,401 | -18,353 | 44,922 | -981 | 24,387 | -37,627 | 52,537 | 54,516 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -119,401 | -18,353 | 44,922 | -981 | 24,387 | -37,627 | 52,537 | 54,516 |
reducing the deficit ltd Credit Report and Business Information
Reducing The Deficit Ltd Competitor Analysis
Perform a competitor analysis for reducing the deficit ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in HP23 area or any other competitors across 12 key performance metrics.
reducing the deficit ltd Ownership
REDUCING THE DEFICIT LTD group structure
Reducing The Deficit Ltd has no subsidiary companies.
Ultimate parent company
REDUCING THE DEFICIT LTD
07462089
reducing the deficit ltd directors
Reducing The Deficit Ltd currently has 1 director, Mr David Lewis serving since Dec 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Lewis | United Kingdom | 75 years | Dec 2010 | - | Director |
P&L
January 2019turnover
259.5k
+31%
operating profit
-1.1k
0%
gross margin
28.8%
-1.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2019net assets
103.9k
-0.01%
total assets
103.9k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
reducing the deficit ltd company details
company number
07462089
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
December 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2019
previous names
N/A
accountant
-
auditor
-
address
unit 36, silk mill industrial es, brook street, tring, hertfordshire, HP23 5EF
Bank
-
Legal Advisor
-
reducing the deficit 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 reducing the deficit ltd.
reducing the deficit 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.
Click to start generating capital raising & share issue transactions for REDUCING THE DEFICIT LTD. This can take several minutes, an email will notify you when this has completed.
reducing the deficit ltd Companies House Filings - See Documents
| date | description | view/download |
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