taxassist international limited

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taxassist international limited Company Information

Share TAXASSIST INTERNATIONAL LIMITED

Company Number

07713675

Directors

James Mattam

Daren Moore

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Shareholders

taxassist direct group ltd

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

second floor, bankside 300, peachman way, norwich, NR7 0WF

taxassist international limited Estimated Valuation

£146.3k

Pomanda estimates the enterprise value of TAXASSIST INTERNATIONAL LIMITED at £146.3k based on a Turnover of £263.2k and 0.56x industry multiple (adjusted for size and gross margin).

taxassist international limited Estimated Valuation

£108.1k

Pomanda estimates the enterprise value of TAXASSIST INTERNATIONAL LIMITED at £108.1k based on an EBITDA of £27k and a 4x industry multiple (adjusted for size and gross margin).

taxassist international limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TAXASSIST INTERNATIONAL LIMITED at £0 based on Net Assets of £-594.2k and 2.3x industry multiple (adjusted for liquidity).

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Taxassist International Limited Overview

Taxassist International Limited is a live company located in norwich, NR7 0WF with a Companies House number of 07713675. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2011, it's largest shareholder is taxassist direct group ltd with a 100% stake. Taxassist International Limited is a established, micro sized company, Pomanda has estimated its turnover at £263.2k with declining growth in recent years.

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Taxassist International Limited Health Check

Pomanda's financial health check has awarded Taxassist International Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £263.2k, make it smaller than the average company (£4.8m)

£263.2k - Taxassist International Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.7%)

-6% - Taxassist International Limited

6.7% - Industry AVG

production

Production

with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)

38.1% - Taxassist International Limited

38.1% - Industry AVG

profitability

Profitability

an operating margin of 10.3% make it more profitable than the average company (5.7%)

10.3% - Taxassist International Limited

5.7% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (27)

4 - Taxassist International Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Taxassist International Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £65.8k, this is less efficient (£171.5k)

£65.8k - Taxassist International Limited

£171.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 19 days, this is earlier than average (42 days)

19 days - Taxassist International Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (32 days)

0 days - Taxassist International Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Taxassist International Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)

0 weeks - Taxassist International Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1920.6%, this is a higher level of debt than the average (62.5%)

1920.6% - Taxassist International Limited

62.5% - Industry AVG

TAXASSIST INTERNATIONAL LIMITED financials

EXPORTms excel logo

Taxassist International Limited's latest turnover from December 2023 is estimated at £263.2 thousand and the company has net assets of -£594.2 thousand. According to their latest financial statements, Taxassist International Limited has 4 employees and maintains cash reserves of £2.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Turnover263,198226,826567,611321,249375,336482,2081,664,880543,371871,599178,263
Other Income Or Grants
Cost Of Sales162,994140,107355,834202,343234,738303,2591,040,466337,187554,171115,015
Gross Profit100,20486,719211,777118,905140,598178,950624,414206,185317,42863,249
Admin Expenses73,181-64,370485,647312,694268,526287,958606,661277,097317,55735,328
Operating Profit27,023151,089-273,870-193,789-127,928-109,00817,753-70,912-12927,921
Interest Payable
Interest Receivable5251,0362548467262186821291
Pre-Tax Profit27,548152,125-273,616-193,705-127,861-108,74617,940-70,83027,923
Tax-6,887-28,904-3,409-5,864
Profit After Tax20,661123,221-273,616-193,705-127,861-108,74614,531-70,83022,059
Dividends Paid
Retained Profit20,661123,221-273,616-193,705-127,861-108,74614,531-70,83022,059
Employee Costs215,576205,416342,000324,848321,694309,924503,349125,736124,85583,087
Number Of Employees44777712332
EBITDA*27,023151,089-273,870-193,789-127,928-109,00817,753-70,912-12927,921

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors14,4093,6791,72510,64648,748211,456123,340143,70530,943
Group Debtors12,77149,46956,20325,62815,96914,556
Misc Debtors15,46116,4816,4922,6602,9693,74014,90056,8562,534
Cash2,76717,22441,977161,0567,63410,32859,44215,00050,910561
misc current assets
total current assets32,63750,15597,938221,64446,87778,785300,354195,196197,14931,504
total assets32,63750,15597,938221,64446,87778,785300,354195,196197,14931,504
Bank overdraft
Bank loan
Trade Creditors 377,10410,6781086,5572,640129,350
Group/Directors Accounts528,963547,605820,473646,635308,810217,036284,499203,960137,495
other short term finances
hp & lease commitments
other current liabilities97,828110,2984,86039,3582,2622,00050,00039,90037,500
total current liabilities626,828665,007836,011686,101317,629221,676334,499243,872174,9959,350
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities626,828665,007836,011686,101317,629221,676334,499243,872174,9959,350
net assets-594,191-614,852-738,073-464,457-270,752-142,891-34,145-48,67622,15422,154
total shareholders funds-594,191-614,852-738,073-464,457-270,752-142,891-34,145-48,67622,15422,154
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Operating Activities
Operating Profit27,023151,089-273,870-193,789-127,928-109,00817,753-70,912-12927,921
Depreciation
Amortisation
Tax-6,887-28,904-3,409-5,864
Stock
Debtors-3,061-23,030-4,62721,345-29,214-172,45560,71633,957115,29630,943
Creditors-7,067-3,57410,570-6,4493,9172,640-1212-9,3509,350
Accruals and Deferred Income-12,470105,438-34,49837,096262-48,00010,1002,40037,500
Deferred Taxes & Provisions
Cash flow from operations3,660247,079-293,171-184,487-94,53518,087-36,284-102,457-87,275464
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-18,642-272,868173,838337,82591,774-67,46380,53966,465137,495
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue95
interest5251,0362548467262186821291
cash flow from financing-18,117-271,832174,092337,90991,841-67,20180,72566,547137,62496
cash and cash equivalents
cash-14,457-24,753-119,079153,422-2,694-49,11444,442-35,91050,349561
overdraft
change in cash-14,457-24,753-119,079153,422-2,694-49,11444,442-35,91050,349561

taxassist international limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Taxassist International Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for taxassist international limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NR7 area or any other competitors across 12 key performance metrics.

taxassist international limited Ownership

TAXASSIST INTERNATIONAL LIMITED group structure

Taxassist International Limited has no subsidiary companies.

Ultimate parent company

1 parent

TAXASSIST INTERNATIONAL LIMITED

07713675

TAXASSIST INTERNATIONAL LIMITED Shareholders

taxassist direct group ltd 100%

taxassist international limited directors

Taxassist International Limited currently has 3 directors. The longest serving directors include Mr James Mattam (Sep 2016) and Mr Daren Moore (Feb 2018).

officercountryagestartendrole
Mr James MattamEngland46 years Sep 2016- Director
Mr Daren Moore53 years Feb 2018- Director
Mr Michael Melling65 years Feb 2022- Director

P&L

December 2023

turnover

263.2k

+16%

operating profit

27k

0%

gross margin

38.1%

-0.42%

turnover

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

Balance Sheet

December 2023

net assets

-594.2k

-0.03%

total assets

32.6k

-0.35%

cash

2.8k

-0.84%

net assets

Total assets minus all liabilities

taxassist international limited company details

company number

07713675

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2011

age

14

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

taxassist direct international ltd (December 2024)

accountant

-

auditor

-

address

second floor, bankside 300, peachman way, norwich, NR7 0WF

Bank

HSBC BANK PLC

Legal Advisor

-

taxassist international limited 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 taxassist international limited.

taxassist international limited 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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taxassist international limited Companies House Filings - See Documents

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