Ian Woodward Accountancy Limited

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ian woodward accountancy limited Company Information

Live

EstablishedSmallHealthy

Company Number

07615048

Website

http://iwaccountancy.co.uk

Registered Address

57 high street, rowley regis, west midlands, B65 0EH

Industry

Accounting, and auditing activities

Telephone

01215595438

Next Accounts Due

December 2024

Group Structure

View All

Directors

Ian Woodward13 Years

Androulla Woodward8 Years

Shareholders

ian woodward 50%

androulla woodward 50%

ian woodward accountancy limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of IAN WOODWARD ACCOUNTANCY LIMITED at £1.9m based on Net Assets of £641.2k and 3.03x industry multiple (adjusted for liquidity).

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Ian Woodward Accountancy Limited is a live company located in west midlands, B65 0EH with a Companies House number of 07615048. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2011, it's largest shareholder is ian woodward with a 50% stake. Ian Woodward Accountancy Limited is a established, small sized company, Pomanda has estimated its turnover at £919.2k with healthy growth in recent years.

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Pomanda's financial health check has awarded Ian Woodward Accountancy Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

3 Weak

Size

annual sales of £919.2k, make it larger than the average company (£141.2k)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.8%)

EXPORT

Ian Woodward Accountancy Limited's latest turnover from March 2023 is estimated at £919.2 thousand and the company has net assets of £641.2 thousand. According to their latest financial statements, Ian Woodward Accountancy Limited has 4 employees and maintains cash reserves of 0 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
Turnover	919,171	766,443	748,748	616,270	494,334	535,750	515,402	164,010	96,287	51,195	47,387	19,440
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	488,843	407,469	358,636	306,414	221,255	221,461	204,548	75,196	39,079	17,647	16,715	6,804
Gross Profit	430,329	358,974	390,112	309,856	273,079	314,290	310,854	88,814	57,209	33,549	30,672	12,637
Admin Expenses	335,301	258,927	313,355	232,796	208,264	263,994	274,369	58,739	-25,787	-43,294	-38,911	-32,354
Operating Profit	95,028	100,047	76,757	77,060	64,815	50,296	36,485	30,075	82,996	76,843	69,583	44,991
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	153	601	544	250	0	0
Pre-Tax Profit	95,028	100,047	76,757	77,060	64,815	50,296	36,639	30,676	83,541	77,094	69,583	44,991
Tax	-18,055	-19,009	-14,584	-14,641	-12,315	-9,556	-7,328	-6,135	-17,544	-17,732	-16,700	-11,698
Profit After Tax	76,973	81,038	62,173	62,419	52,500	40,740	29,311	24,541	65,997	59,362	52,883	33,293
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	76,973	81,038	62,173	62,419	52,500	40,740	29,311	24,541	65,997	59,362	52,883	33,293
Employee Costs	79,192	84,425	81,045	68,815	90,491	156,005	175,400	55,178	28,125	29,870	28,172	26,924
Number Of Employees	4	4	4	4	4	7	7	2	1	1	1	1
EBITDA*	95,028	100,047	76,757	77,060	64,815	50,296	36,485	38,616	90,386	84,233	76,796	52,079

* 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
Tangible Assets	63,924	66,416	71,203	74,272	79,175	86,969	92,406	10,162	5,560	5,561	4,849	4,352
Intangible Assets	0	0	0	0	0	0	0	90,000	96,000	102,000	108,000	114,000
Investments & Other	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
Total Fixed Assets	63,924	66,416	71,203	74,272	79,175	86,969	92,406	100,162	101,560	107,561	112,849	118,352
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	655,926	583,998	570,030	417,484	347,335	273,965	213,966	54,597	27,631	13,995	11,925	4,364
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,158	3,334	2,301	2,720	1,350	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	122,743	117,562	100,056	0	0
misc current assets	0	0	0	0	0	1,811	0	0	0	0	77,075	42,971
total current assets	657,084	587,332	572,331	420,204	348,685	275,776	213,966	177,340	145,193	114,051	89,000	47,335
total assets	721,008	653,748	643,534	494,476	427,860	362,745	306,372	277,502	246,753	221,612	201,849	165,687
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	78,778	86,931	133,735	70,310	67,033	56,618	40,975	41,424	35,216	76,072	115,671	132,392
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	78,778	86,931	133,735	70,310	67,033	56,618	40,975	41,424	35,216	76,072	115,671	132,392
loans	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
Accruals and Deferred Income	1,000	2,560	26,580	3,120	2,200	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	10	0	0	0	0	0
total long term liabilities	1,000	2,560	26,580	3,120	2,200	0	10	0	0	0	0	0
total liabilities	79,778	89,491	160,315	73,430	69,233	56,618	40,985	41,424	35,216	76,072	115,671	132,392
net assets	641,230	564,257	483,219	421,046	358,627	306,127	265,387	236,078	211,537	145,540	86,178	33,295
total shareholders funds	641,230	564,257	483,219	421,046	358,627	306,127	265,387	236,078	211,537	145,540	86,178	33,295

	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	95,028	100,047	76,757	77,060	64,815	50,296	36,485	30,075	82,996	76,843	69,583	44,991
Depreciation	0	0	0	0	0	0	0	2,541	1,390	1,390	1,213	1,088
Amortisation	0	0	0	0	0	0	0	6,000	6,000	6,000	6,000	6,000
Tax	-18,055	-19,009	-14,584	-14,641	-12,315	-9,556	-7,328	-6,135	-17,544	-17,732	-16,700	-11,698
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	69,752	15,001	152,127	71,519	74,720	59,999	159,369	26,966	13,636	2,070	7,561	4,364
Creditors	-8,153	-46,804	63,425	3,277	10,415	15,643	-449	6,208	-40,856	-39,599	-16,721	132,392
Accruals and Deferred Income	-1,560	-24,020	23,460	920	2,200	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-10	10	0	0	0	0	0
Cash flow from operations	-2,492	-4,787	-3,069	-4,903	-9,605	-3,626	-130,651	11,723	18,350	24,832	35,814	168,409
Investing Activities
capital expenditure	2,492	4,787	3,069	4,903	7,794	5,437	7,756	-7,143	-1,389	-2,102	-1,710	-125,440
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,492	4,787	3,069	4,903	7,794	5,437	7,756	-7,143	-1,389	-2,102	-1,710	-125,440
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	-2	0	0	0	0	2
interest	0	0	0	0	0	0	153	601	544	250	0	0
cash flow from financing	0	0	0	0	0	0	151	601	544	250	0	2
cash and cash equivalents
cash	0	0	0	0	0	0	-122,743	5,181	17,506	100,056	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-122,743	5,181	17,506	100,056	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IAN WOODWARD ACCOUNTANCY LIMITED group structure

Ian Woodward Accountancy Limited has no subsidiary companies.

Ultimate parent company

IAN WOODWARD ACCOUNTANCY LIMITED

07615048

IAN WOODWARD ACCOUNTANCY LIMITED Shareholders

ian woodward	50%
androulla woodward	50%

Ian Woodward Accountancy Limited currently has 2 directors. The longest serving directors include Mr Ian Woodward (Apr 2011) and Mrs Androulla Woodward (Apr 2016).

officer	country	age	start	end	role
Mr Ian Woodward	England	47 years	Apr 2011	-	Director
Mrs Androulla Woodward	England	43 years	Apr 2016	-	Director

P&L

March 2023

turnover

919.2k

+20%

operating profit

95k

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

641.2k

+0.14%

total assets

721k

+0.1%

cash

net assets

Total assets minus all liabilities

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company number

07615048

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

April 2011

ultimate parent company

None

previous names

N/A

address

57 high street, rowley regis, west midlands, B65 0EH

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.

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ian woodward accountancy limited Company Information

ian woodward accountancy limited Estimated Valuation

ian woodward accountancy limited Estimated Valuation

ian woodward accountancy limited Estimated Valuation

Ian Woodward Accountancy Limited Overview

Ian Woodward Accountancy Limited Health Check

IAN WOODWARD ACCOUNTANCY LIMITED financials

ian woodward accountancy limited Credit Report and Business Information

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ian woodward accountancy limited Ownership

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