Handmill Accountants Ltd

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handmill accountants ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07765875

Website

www.wordsleyassociates.co.uk

Registered Address

spencer house 114 high street, wordsley, stourbridge, west midlands, DY8 5QR

Industry

Combined office administrative service activities

Telephone

01384402930

Next Accounts Due

May 2025

Group Structure

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Directors

Stacey Handley8 Years

Angela Miller6 Years

Shareholders

stacey louise handley 55%

angela jayne miller 35%

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handmill accountants ltd Estimated Valuation

£89.4k

Pomanda estimates the enterprise value of HANDMILL ACCOUNTANTS LTD at £89.4k based on Net Assets of £31.1k and 2.87x industry multiple (adjusted for liquidity).

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Handmill Accountants Ltd is a live company located in stourbridge, DY8 5QR with a Companies House number of 07765875. It operates in the combined office administrative service activities sector, SIC Code 82110. Founded in September 2011, it's largest shareholder is stacey louise handley with a 55% stake. Handmill Accountants Ltd is a established, micro sized company, Pomanda has estimated its turnover at £149.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Handmill Accountants Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £149.8k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.9%)

EXPORT

Handmill Accountants Ltd's latest turnover from August 2023 is estimated at £149.8 thousand and the company has net assets of £31.1 thousand. According to their latest financial statements, Handmill Accountants Ltd has 4 employees and maintains cash reserves of £46.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Turnover	149,830	130,166	102,945	162,479	92,582	63,593	65,792	21,091
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	127,741	108,711	88,493	136,931	78,815	51,759	50,842	17,034
Gross Profit	22,089	21,454	14,452	25,548	13,767	11,834	14,950	4,057
Admin Expenses	19,283	17,662	5,803	18,872	10,109	13,746	10,463	-3,529
Operating Profit	2,806	3,792	8,649	6,676	3,658	-1,912	4,487	7,586
Interest Payable	0	0	0	0	0	0	0	0
Interest Receivable	2,139	794	48	33	166	179	48	19
Pre-Tax Profit	4,945	4,586	8,698	6,709	3,825	-1,733	4,535	7,605
Tax	-1,236	-871	-1,653	-1,275	-727	0	-862	-1,521
Profit After Tax	3,709	3,715	7,045	5,434	3,098	-1,733	3,673	6,084
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	3,709	3,715	7,045	5,434	3,098	-1,733	3,673	6,084
Employee Costs	146,222	111,217	109,167	108,396	111,801	36,892	105,378	36,694
Number Of Employees	4	3	3	3	3	1	3	1
EBITDA*	3,764	4,523	9,323	14,118	10,930	5,263	11,779	14,752

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Sep 2015
Tangible Assets	3,211	2,501	2,364	2,862	2,290	1,701	1,919	1,553	0
Intangible Assets	18,300	18,300	18,300	18,300	24,900	31,500	19,800	26,400	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	5,500	5,500	0	0	0	0	0	0	0
Total Fixed Assets	27,011	26,301	20,664	21,162	27,190	33,201	21,719	27,953	0
Stock & work in progress	0	0	0	0	0	0	2,150	4,300	0
Trade Debtors	26,258	21,427	9,407	16,569	8,463	10,350	9,761	6,279	0
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	4,656	2,040	0
Cash	46,360	39,205	51,543	45,045	19,967	24,413	23,322	15,084	1
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	72,618	60,632	60,950	61,614	28,430	34,763	39,889	27,703	1
total assets	99,629	86,933	81,614	82,776	55,620	67,964	61,608	55,656	1
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	66,196	57,344	55,566	63,678	32,818	35,400	710	607	0
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	0	0	0	0	27,153	16,214	0
total current liabilities	66,196	57,344	55,566	63,678	32,818	35,400	27,863	16,821	0
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	1,698	1,698	1,898	1,898	11,145	24,117	23,603	32,439	0
provisions	610	475	449	544	435	323	384	311	0
total long term liabilities	2,308	2,173	2,347	2,442	11,580	24,440	23,987	32,750	0
total liabilities	68,504	59,517	57,913	66,120	44,398	59,840	51,850	49,571	0
net assets	31,125	27,416	23,701	16,656	11,222	8,124	9,758	6,085	1
total shareholders funds	31,125	27,416	23,701	16,656	11,222	8,124	9,758	6,085	1

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012
Operating Activities
Operating Profit	2,806	3,792	8,649	6,676	3,658	-1,912	4,487	7,586	0	0	0	0
Depreciation	958	731	674	842	672	575	692	566	0	0	0	0
Amortisation	0	0	0	6,600	6,600	6,600	6,600	6,600	0	0	0	0
Tax	-1,236	-871	-1,653	-1,275	-727	0	-862	-1,521	0	0	0	0
Stock	0	0	0	0	0	-2,150	-2,150	4,300	0	0	0	0
Debtors	4,831	17,520	-7,162	8,106	-1,887	-4,067	6,098	8,319	0	0	0	0
Creditors	8,852	1,778	-8,112	30,860	-2,582	34,690	103	607	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	-27,153	10,939	16,214	0	0	0	0
Deferred Taxes & Provisions	135	26	-95	109	112	-61	73	311	0	0	0	0
Cash flow from operations	6,684	-12,064	6,625	35,706	9,620	18,956	18,084	17,744	0	0	0	0
Investing Activities
capital expenditure	-1,668	-868	-176	-1,414	-1,261	-18,657	-1,058	-35,119	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,668	-868	-176	-1,414	-1,261	-18,657	-1,058	-35,119	0	0	0	0
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	-200	0	-9,247	-12,972	514	-8,836	32,439	0	0	0	0
share issue	0	0	0	0	0	99	0	0	1	0	0	0
interest	2,139	794	48	33	166	179	48	19	0	0	0	0
cash flow from financing	2,139	594	48	-9,214	-12,806	792	-8,788	32,458	1	0	0	0
cash and cash equivalents
cash	7,155	-12,338	6,498	25,078	-4,446	1,091	8,238	15,083	1	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	7,155	-12,338	6,498	25,078	-4,446	1,091	8,238	15,083	1	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for handmill accountants ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in DY8 area or any other competitors across 12 key performance metrics.

HANDMILL ACCOUNTANTS LTD group structure

Handmill Accountants Ltd has 1 subsidiary company.

Ultimate parent company

HANDMILL ACCOUNTANTS LTD

07765875

1 subsidiary

HANDMILL TAXATION LTD

02066244

HANDMILL ACCOUNTANTS LTD Shareholders

stacey louise handley	55%
angela jayne miller	35%
derek miller	5%
nicholas handley	5%

Handmill Accountants Ltd currently has 2 directors. The longest serving directors include Mrs Stacey Handley (Mar 2016) and Mrs Angela Miller (Jul 2018).

officer	country	age	start	end	role
Mrs Stacey Handley	England	44 years	Mar 2016	-	Director
Mrs Angela Miller	England	46 years	Jul 2018	-	Director

P&L

August 2023

turnover

149.8k

+15%

operating profit

2.8k

gross margin

14.8%

-10.56%

turnover

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

Balance Sheet

August 2023

net assets

31.1k

+0.14%

total assets

99.6k

+0.15%

cash

46.4k

+0.18%

net assets

Total assets minus all liabilities

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company number

07765875

Type

Private limited with Share Capital

industry

82110 - Combined office administrative service activities

incorporation date

September 2011

ultimate parent company

None

previous names

wordsley accountants limited (June 2024)

address

spencer house 114 high street, wordsley, stourbridge, west midlands, DY8 5QR

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 handmill accountants ltd.

handmill accountants ltd Company Information

handmill accountants ltd Estimated Valuation

handmill accountants ltd Estimated Valuation

handmill accountants ltd Estimated Valuation

Handmill Accountants Ltd Overview

Handmill Accountants Ltd Health Check

HANDMILL ACCOUNTANTS LTD financials

handmill accountants ltd Credit Report and Business Information

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handmill accountants ltd Ownership

handmill accountants ltd directors

handmill accountants ltd company details

handmill accountants ltd Charges & Mortgages

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