fortune tax accountants ltd
fortune tax accountants ltd Company Information
Company Number
07576674
Next Accounts
Dec 2025
Directors
Shareholders
fafs associate ltd
fortune chikonyora
Group Structure
View All
Industry
Combined office administrative service activities
Registered Address
derwent house, 42-46 waterloo road, wolverhampton, west midlands, WV1 4XB
Website
-fortune tax accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE TAX ACCOUNTANTS LTD at £191.7k based on a Turnover of £470k and 0.41x industry multiple (adjusted for size and gross margin).
fortune tax accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE TAX ACCOUNTANTS LTD at £0 based on an EBITDA of £-22.4k and a 2.53x industry multiple (adjusted for size and gross margin).
fortune tax accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE TAX ACCOUNTANTS LTD at £17k based on Net Assets of £6k and 2.85x industry multiple (adjusted for liquidity).
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Fortune Tax Accountants Ltd Overview
Fortune Tax Accountants Ltd is a live company located in wolverhampton, WV1 4XB with a Companies House number of 07576674. It operates in the combined office administrative service activities sector, SIC Code 82110. Founded in March 2011, it's largest shareholder is fafs associate ltd with a 55% stake. Fortune Tax Accountants Ltd is a established, micro sized company, Pomanda has estimated its turnover at £470k with high growth in recent years.
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Fortune Tax Accountants Ltd Health Check
Pomanda's financial health check has awarded Fortune Tax Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £470k, make it smaller than the average company (£990.8k)
- Fortune Tax Accountants Ltd
£990.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (7.5%)
- Fortune Tax Accountants Ltd
7.5% - Industry AVG
Production
with a gross margin of 16.7%, this company has a higher cost of product (42.9%)
- Fortune Tax Accountants Ltd
42.9% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (2.7%)
- Fortune Tax Accountants Ltd
2.7% - Industry AVG
Employees
with 15 employees, this is similar to the industry average (13)
15 - Fortune Tax Accountants Ltd
13 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)
- Fortune Tax Accountants Ltd
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £31.3k, this is less efficient (£84.2k)
- Fortune Tax Accountants Ltd
£84.2k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (33 days)
- Fortune Tax Accountants Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (32 days)
- Fortune Tax Accountants Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fortune Tax Accountants Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fortune Tax Accountants Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.1%, this is a higher level of debt than the average (47.6%)
94.1% - Fortune Tax Accountants Ltd
47.6% - Industry AVG
FORTUNE TAX ACCOUNTANTS LTD financials
Fortune Tax Accountants Ltd's latest turnover from March 2024 is estimated at £470 thousand and the company has net assets of £6 thousand. According to their latest financial statements, Fortune Tax Accountants Ltd has 15 employees 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 347,382 | ||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | 8,122 | ||||||||||||
| Tax | -1,542 | ||||||||||||
| Profit After Tax | 6,580 | ||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | 6,580 | ||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 15 | 15 | 6 | 10 | 6 | ||||||||
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,597 | 9,877 | 9,593 | 8,588 | 7,701 | 7,965 | 8,287 | 1,597 | 1,947 | 1,975 | 2,291 | 1,035 | 636 |
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 2,543 | 3,008 | |||||||||||
| Total Fixed Assets | 11,597 | 9,877 | 9,593 | 8,588 | 7,701 | 7,965 | 8,287 | 1,597 | 1,947 | 1,975 | 4,834 | 4,043 | 636 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 89,404 | 121,536 | 116,766 | 50,816 | 52,834 | 37,626 | 41,789 | 28,924 | 5,229 | 4,482 | 1,547 | ||
| Group Debtors | |||||||||||||
| Misc Debtors | |||||||||||||
| Cash | 5,764 | 1,647 | 3,885 | 1,318 | 1,823 | ||||||||
| misc current assets | 1,600 | 1,600 | 1,300 | 1,000 | |||||||||
| total current assets | 89,404 | 121,536 | 116,766 | 50,816 | 52,834 | 37,626 | 41,789 | 28,924 | 12,593 | 7,729 | 5,185 | 2,318 | 3,370 |
| total assets | 101,001 | 131,413 | 126,359 | 59,404 | 60,535 | 45,591 | 50,076 | 30,521 | 14,540 | 9,704 | 10,019 | 6,361 | 4,006 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 73,159 | 76,583 | 77,577 | 13,264 | 48,614 | 29,157 | 29,169 | 31,622 | 13,202 | 9,314 | 9,966 | 6,563 | 3,830 |
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | |||||||||||||
| total current liabilities | 73,159 | 76,583 | 77,577 | 13,264 | 48,614 | 29,157 | 29,169 | 31,622 | 13,202 | 9,314 | 9,966 | 6,563 | 3,830 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 21,879 | 26,422 | 31,061 | 8,325 | 13,330 | 18,332 | |||||||
| provisions | |||||||||||||
| total long term liabilities | 21,879 | 26,422 | 31,061 | 8,325 | 13,330 | 18,332 | |||||||
| total liabilities | 95,038 | 103,005 | 108,638 | 13,264 | 56,939 | 42,487 | 47,501 | 31,622 | 13,202 | 9,314 | 9,966 | 6,563 | 3,830 |
| net assets | 5,963 | 28,408 | 17,721 | 46,140 | 3,596 | 3,104 | 2,575 | -1,101 | 1,338 | 390 | 53 | -202 | 176 |
| total shareholders funds | 5,963 | 28,408 | 17,721 | 46,140 | 3,596 | 3,104 | 2,575 | -1,101 | 1,338 | 390 | 53 | -202 | 176 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 428 | ||||||||||||
| Amortisation | |||||||||||||
| Tax | -1,542 | ||||||||||||
| Stock | |||||||||||||
| Debtors | -32,132 | 4,770 | 65,950 | -2,018 | 15,208 | -4,163 | 12,865 | 23,695 | 747 | 1,939 | -465 | 1,461 | 1,547 |
| Creditors | -3,424 | -994 | 64,313 | -35,350 | 19,457 | -12 | -2,453 | 18,420 | 3,888 | -652 | 3,403 | 2,733 | 3,830 |
| 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 | -4,543 | -4,639 | 31,061 | -8,325 | -5,005 | -5,002 | 18,332 | ||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | -3,938 | ||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -5,764 | 4,117 | -2,238 | 2,567 | -505 | 1,823 | |||||||
| overdraft | |||||||||||||
| change in cash | -5,764 | 4,117 | -2,238 | 2,567 | -505 | 1,823 |
fortune tax accountants ltd Credit Report and Business Information
Fortune Tax Accountants Ltd Competitor Analysis
Perform a competitor analysis for fortune tax accountants ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WV1 area or any other competitors across 12 key performance metrics.
fortune tax accountants ltd Ownership
FORTUNE TAX ACCOUNTANTS LTD group structure
Fortune Tax Accountants Ltd has no subsidiary companies.
Ultimate parent company
FORTUNE TAX ACCOUNTANTS LTD
07576674
fortune tax accountants ltd directors
Fortune Tax Accountants Ltd currently has 1 director, Mr Fortune Chikonyora serving since Jan 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fortune Chikonyora | England | 45 years | Jan 2021 | - | Director |
P&L
March 2024turnover
470k
-10%
operating profit
-22.4k
0%
gross margin
16.7%
+14.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6k
-0.79%
total assets
101k
-0.23%
cash
0
0%
net assets
Total assets minus all liabilities
fortune tax accountants ltd company details
company number
07576674
Type
Private limited with Share Capital
industry
82110 - Combined office administrative service activities
incorporation date
March 2011
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
faithcoraccountingfinancialservices ltd (January 2023)
accountant
-
auditor
-
address
derwent house, 42-46 waterloo road, wolverhampton, west midlands, WV1 4XB
Bank
-
Legal Advisor
-
fortune tax accountants 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 fortune tax accountants ltd.
fortune tax accountants 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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fortune tax accountants ltd Companies House Filings - See Documents
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