Pomanda estimates the enterprise value of LITE TAX LTD at £91.5k based on a Turnover of £119.9k and 0.76x industry multiple (adjusted for size and gross margin).
lite tax ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of LITE TAX LTD at £0 based on an EBITDA of £-5.3k and a 4.44x industry multiple (adjusted for size and gross margin).
lite tax ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of LITE TAX LTD at £0 based on Net Assets of £-26.9k and 3.47x industry multiple (adjusted for liquidity).
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Lite Tax LtdOverview
Lite Tax Ltd is a live company located in bristol, BS48 1AD with a Companies House number of 07762531. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in September 2011, it's largest shareholder is
paul adrian light
with a 55% stake. Lite Tax Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£119.9k with
declining
growth in recent years.
Pomanda's financial health check has awarded Lite Tax Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £119.9k, make it smaller than the average company (£189.6k)
£119.9k - Lite Tax Ltd
£189.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (8.5%)
-25% - Lite Tax Ltd
8.5% - Industry AVG
Production
with a gross margin of 48.4%, this company has a higher cost of product (86.8%)
48.4% - Lite Tax Ltd
86.8% - Industry AVG
Profitability
an operating margin of -4.4% make it less profitable than the average company (8.3%)
-4.4% - Lite Tax Ltd
8.3% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Lite Tax Ltd
3 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£42.5k)
£42.5k - Lite Tax Ltd
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £40k, this is less efficient (£81.8k)
£40k - Lite Tax Ltd
£81.8k - Industry AVG
Debtor Days
it gets paid by customers after 172 days, this is later than average (92 days)
172 days - Lite Tax Ltd
92 days - Industry AVG
Creditor Days
its suppliers are paid after 260 days, this is slower than average (27 days)
260 days - Lite Tax Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lite Tax Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lite Tax Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 135.1%, this is a higher level of debt than the average (52.8%)
135.1% - Lite Tax Ltd
52.8% - Industry AVG
LITE TAX LTD financials
EXPORT
Lite Tax Ltd's latest turnover from March 2024 is estimated at £119.9 thousand and the company has net assets of -£26.9 thousand. According to their latest financial statements, Lite Tax Ltd has 3 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
Sep 2014
Sep 2013
Sep 2012
Turnover
119,912
205,066
252,277
279,323
123,053
162,528
163,568
154,747
186,691
134,320
5,607
6,069
Other Income Or Grants
Cost Of Sales
61,919
111,305
139,064
147,466
57,732
63,265
61,510
67,481
80,924
47,995
1,928
2,360
Gross Profit
57,994
93,762
113,213
131,856
65,321
99,263
102,057
87,265
105,766
86,325
3,679
3,709
Admin Expenses
63,285
81,678
146,389
131,869
63,149
99,376
102,447
90,032
101,560
87,368
3,150
2,883
Operating Profit
-5,291
12,084
-33,176
-13
2,172
-113
-390
-2,767
4,206
-1,043
529
826
Interest Payable
75
78
Interest Receivable
39
58
16
9
1
1
Pre-Tax Profit
-5,291
12,084
-33,176
-13
2,172
-74
-332
-2,826
4,128
-1,034
530
826
Tax
-2,296
-413
-825
-122
-198
Profit After Tax
-5,291
9,788
-33,176
-13
1,759
-74
-332
-2,826
3,302
-1,034
408
628
Dividends Paid
Retained Profit
-5,291
9,788
-33,176
-13
1,759
-74
-332
-2,826
3,302
-1,034
408
628
Employee Costs
127,585
122,165
97,356
84,788
29,936
80,335
111,033
102,161
105,114
36,601
40,724
33,952
Number Of Employees
3
3
3
3
1
2
3
3
3
1
1
1
EBITDA*
-5,291
12,084
-33,176
-13
2,172
1,047
861
-1,477
4,897
-913
659
956
* 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
Sep 2014
Sep 2013
Sep 2012
Tangible Assets
478
221
1,381
2,266
1,683
130
260
390
Intangible Assets
Investments & Other
3,750
Debtors (Due After 1 year)
Total Fixed Assets
478
221
1,381
6,016
1,683
130
260
390
Stock & work in progress
Trade Debtors
56,716
118,597
166,220
213,608
84,183
78,004
79,981
56,682
67,664
29,814
1,500
1,500
Group Debtors
Misc Debtors
19,800
4,800
4,800
4,800
4,800
18,605
4,044
4,044
8,328
Cash
10,318
12,798
3,470
268
210
misc current assets
total current assets
76,516
123,397
171,020
218,408
88,983
96,609
94,343
73,524
75,992
33,284
1,768
1,710
total assets
76,516
123,397
171,020
218,408
89,461
96,830
95,724
79,540
77,675
33,414
2,028
2,100
Bank overdraft
2,401
Bank loan
Trade Creditors
44,245
36,365
88,227
74,743
49,980
36,990
39,123
59,425
33,410
990
1,470
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
75,708
58,588
39,939
12,545
total current liabilities
44,245
36,365
88,227
74,743
49,980
75,708
95,578
79,062
74,371
33,410
990
1,470
loans
hp & lease commitments
Accruals and Deferred Income
48,937
49,754
73,999
14,643
other liabilities
59,134
59,667
64,399
67,850
23,009
provisions
21,050
total long term liabilities
59,134
108,604
114,153
141,849
37,652
21,050
total liabilities
103,379
144,969
202,380
216,592
87,632
96,758
95,578
79,062
74,371
33,410
990
1,470
net assets
-26,863
-21,572
-31,360
1,816
1,829
72
146
478
3,304
4
1,038
630
total shareholders funds
-26,863
-21,572
-31,360
1,816
1,829
72
146
478
3,304
4
1,038
630
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Sep 2014
Sep 2013
Sep 2012
Operating Activities
Operating Profit
-5,291
12,084
-33,176
-13
2,172
-113
-390
-2,767
4,206
-1,043
529
826
Depreciation
1,160
1,251
1,290
691
130
130
130
Amortisation
Tax
-2,296
-413
-825
-122
-198
Stock
Debtors
-46,881
-47,623
-47,388
129,425
-7,626
12,584
23,299
-15,266
75,992
28,314
1,500
Creditors
7,880
-51,862
13,484
24,763
49,980
-36,990
-2,133
-20,302
59,425
32,420
-480
1,470
Accruals and Deferred Income
-48,937
-817
-24,245
59,356
-61,065
17,120
18,649
27,394
12,545
Deferred Taxes & Provisions
-21,050
21,050
Cash flow from operations
533
4,732
3,451
-45,319
-22,750
-10,357
-5,922
20,881
50
3,193
57
728
Investing Activities
capital expenditure
478
-257
-366
-1,873
-2,374
-520
Change in Investments
-3,750
3,750
cash flow from investments
478
-257
3,384
-5,623
-2,374
-520
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-533
-4,732
-3,451
44,841
23,009
share issue
-2
2
2
interest
39
58
-59
-78
9
1
1
cash flow from financing
-533
-4,732
-3,451
44,841
23,007
39
58
-59
-76
9
1
3
cash and cash equivalents
cash
-10,318
-2,480
12,798
3,202
58
210
overdraft
-2,401
2,401
change in cash
-10,318
-2,480
15,199
-2,401
3,202
58
210
lite tax ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for lite tax ltd. Get real-time insights into lite tax ltd's credit score, group structure and payment trends.
Perform a competitor analysis for lite tax ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in BS48 area or any other competitors across 12 key performance metrics.
lite tax ltd Ownership
LITE TAX LTD group structure
Lite Tax Ltd has no subsidiary companies.
Ultimate parent company
LITE TAX LTD
07762531
LITE TAX LTD Shareholders
The largest shareholders in Lite Tax Ltd include Paul Adrian Light and Roza Light.
paul adrian light
55%
roza light
23%
henry light
11%
william light
11%
lite tax ltd directors
Lite Tax Ltd currently has 1 director, Mr Paul Light serving since Sep 2011.
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 lite tax ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
lite tax 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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lite tax ltdCompanies House Filings - See Documents
