taxlite limited
taxlite limited Company Information
Company Number
08017575
Next Accounts
Dec 2025
Shareholders
baljit singh takhar
kuldip kaur takhar
Group Structure
View All
Industry
Other human resources provision
+1Registered Address
nishkam centre 6 soho road, handsworth, birmingham, B21 9BH
Website
www.taxlite.co.uktaxlite limited Estimated Valuation
Pomanda estimates the enterprise value of TAXLITE LIMITED at £406.8k based on a Turnover of £795.8k and 0.51x industry multiple (adjusted for size and gross margin).
taxlite limited Estimated Valuation
Pomanda estimates the enterprise value of TAXLITE LIMITED at £0 based on an EBITDA of £-10.1k and a 4.36x industry multiple (adjusted for size and gross margin).
taxlite limited Estimated Valuation
Pomanda estimates the enterprise value of TAXLITE LIMITED at £472.4k based on Net Assets of £183.9k and 2.57x industry multiple (adjusted for liquidity).
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Taxlite Limited Overview
Taxlite Limited is a live company located in birmingham, B21 9BH with a Companies House number of 08017575. It operates in the financial management sector, SIC Code 70221. Founded in April 2012, it's largest shareholder is baljit singh takhar with a 50% stake. Taxlite Limited is a established, small sized company, Pomanda has estimated its turnover at £795.8k with rapid growth in recent years.
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Taxlite Limited Health Check
Pomanda's financial health check has awarded Taxlite Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £795.8k, make it smaller than the average company (£3.1m)
- Taxlite Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (8.9%)
- Taxlite Limited
8.9% - Industry AVG
Production
with a gross margin of 50.4%, this company has a comparable cost of product (50.4%)
- Taxlite Limited
50.4% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (5.8%)
- Taxlite Limited
5.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (22)
7 - Taxlite Limited
22 - Industry AVG
Pay Structure
on an average salary of £52.8k, the company has an equivalent pay structure (£52.8k)
- Taxlite Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £113.7k, this is equally as efficient (£113.7k)
- Taxlite Limited
£113.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Taxlite Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Taxlite Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Taxlite Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 482 weeks, this is more cash available to meet short term requirements (22 weeks)
482 weeks - Taxlite Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.3%, this is a lower level of debt than the average (67.2%)
10.3% - Taxlite Limited
67.2% - Industry AVG
TAXLITE LIMITED financials
Taxlite Limited's latest turnover from March 2024 is estimated at £795.8 thousand and the company has net assets of £183.9 thousand. According to their latest financial statements, Taxlite Limited has 7 employees and maintains cash reserves of £196.6 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 7 | 10 | 6 | 6 | 6 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 1,986 | 4,875 | 7,764 | 10,351 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 24,311 | 24,311 | 24,311 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 1,986 | 29,186 | 32,075 | 34,662 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 224 | 169 | 0 | 14,955 | 36,789 | 0 | 0 | 1,200 | 31,200 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 8,438 | 1,915 | 2,354 | 1,994 | 1,494 | 18,376 | 1,512 | 1,200 | 1,200 | 0 | 0 | 0 |
| Cash | 196,627 | 217,453 | 264,148 | 275,111 | 92,199 | 83,262 | 104,469 | 168,776 | 143,346 | 109,580 | 20,792 | 28,247 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 205,065 | 219,368 | 266,726 | 277,274 | 93,693 | 116,593 | 142,770 | 169,976 | 144,546 | 110,780 | 51,992 | 28,247 |
| total assets | 205,065 | 219,368 | 268,712 | 306,460 | 125,768 | 151,255 | 142,770 | 169,976 | 144,546 | 110,780 | 51,992 | 28,247 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,609 | 20,023 | 15,102 |
| 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 | 1,841 | 2,209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,212 | 35,732 | 98,335 | 68,570 | 26,054 | 28,624 | 9,365 | 24,132 | 25,652 | 0 | 0 | 0 |
| total current liabilities | 21,212 | 35,732 | 100,176 | 70,779 | 26,054 | 28,624 | 9,365 | 24,132 | 25,652 | 41,609 | 20,023 | 15,102 |
| loans | 0 | 345 | 4,412 | 8,573 | 12,695 | 16,600 | 20,462 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 4,877 | 6,656 | 10,707 | 12,916 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 122,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 6 | 175 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 345 | 9,289 | 137,229 | 23,408 | 29,691 | 20,462 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 21,212 | 36,077 | 109,465 | 208,008 | 49,462 | 58,315 | 29,827 | 24,132 | 25,652 | 41,609 | 20,023 | 15,102 |
| net assets | 183,853 | 183,291 | 159,247 | 98,452 | 76,306 | 92,940 | 112,943 | 145,844 | 118,894 | 69,171 | 31,969 | 13,145 |
| total shareholders funds | 183,853 | 183,291 | 159,247 | 98,452 | 76,306 | 92,940 | 112,943 | 145,844 | 118,894 | 69,171 | 31,969 | 13,145 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 2,889 | 2,889 | 2,587 | 1,204 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,523 | -663 | 415 | 669 | -31,837 | -4,970 | 37,101 | 0 | 0 | -30,000 | 31,200 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41,609 | 21,586 | 4,921 | 15,102 |
| Accruals and Deferred Income | -14,520 | -62,603 | 29,765 | 42,516 | -2,570 | 19,259 | -14,767 | -1,520 | 25,652 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -6 | -169 | 175 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| 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 | -345 | -4,067 | -4,161 | -4,122 | -3,905 | -3,862 | 20,462 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -6,718 | -2,147 | -1,842 | -2,209 | 12,916 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -122,000 | 122,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -20,826 | -46,695 | -10,963 | 182,912 | 8,937 | -21,207 | -64,307 | 25,430 | 33,766 | 88,788 | -7,455 | 28,247 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -20,826 | -46,695 | -10,963 | 182,912 | 8,937 | -21,207 | -64,307 | 25,430 | 33,766 | 88,788 | -7,455 | 28,247 |
taxlite limited Credit Report and Business Information
Taxlite Limited Competitor Analysis
Perform a competitor analysis for taxlite limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in B21 area or any other competitors across 12 key performance metrics.
taxlite limited Ownership
TAXLITE LIMITED group structure
Taxlite Limited has no subsidiary companies.
Ultimate parent company
TAXLITE LIMITED
08017575
taxlite limited directors
Taxlite Limited currently has 2 directors. The longest serving directors include Mr Baljit Takhar (Apr 2012) and Mrs Kuldip Takhar (Apr 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Baljit Takhar | 57 years | Apr 2012 | - | Director | |
| Mrs Kuldip Takhar | 57 years | Apr 2012 | - | Director |
P&L
March 2024turnover
795.8k
-33%
operating profit
-10.1k
0%
gross margin
50.4%
-1.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
183.9k
0%
total assets
205.1k
-0.07%
cash
196.6k
-0.1%
net assets
Total assets minus all liabilities
taxlite limited company details
company number
08017575
Type
Private limited with Share Capital
industry
78300 - Other human resources provision
70221 - Financial management
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
nishkam centre 6 soho road, handsworth, birmingham, B21 9BH
Bank
-
Legal Advisor
-
taxlite 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 found 1 charges/mortgages relating to taxlite limited. Currently there are 0 open charges and 1 have been satisfied in the past.
taxlite 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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taxlite limited Companies House Filings - See Documents
| date | description | view/download |
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