Lovetts Accountants Limited

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lovetts accountants limited Company Information

Company Number

08050722

Next Accounts

Dec 2025

Directors

Mitchell Young

Adam Maurice

Shareholders

fusion accountancy ltd

Group Structure

View All

Industry

Accounting, and auditing activities

Registered Address

ground floor, 298 regents park road, london, N3 2SZ

Website

lovetts accountants limited Estimated Valuation

£726.2k

Pomanda estimates the enterprise value of LOVETTS ACCOUNTANTS LIMITED at £726.2k based on a Turnover of £773.3k and 0.94x industry multiple (adjusted for size and gross margin).

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Lovetts Accountants Limited is a live company located in london, N3 2SZ with a Companies House number of 08050722. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2012, it's largest shareholder is fusion accountancy ltd with a 100% stake. Lovetts Accountants Limited is a established, small sized company, Pomanda has estimated its turnover at £773.3k with rapid growth in recent years.

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Pomanda's financial health check has awarded Lovetts Accountants Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £773.3k, make it larger than the average company (£181.4k)

Growth

3 year (CAGR) sales growth of 152%, show it is growing at a faster rate (8.4%)

EXPORT

Lovetts Accountants Limited's latest turnover from March 2024 is estimated at £773.3 thousand and the company has net assets of £70.9 thousand. According to their latest financial statements, Lovetts Accountants Limited has 2 employees and maintains cash reserves of £33.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013
Turnover	773,271	19,709	66,006	48,559	154,321	16,718	72,649	127,842	104,196	205,163	152,992	211,290
Other Income Or Grants
Cost Of Sales	51,401	1,024	7,309	4,663	21,604	393	1,789	2,810	7,934	30,965	20,676	23,289
Gross Profit	721,871	18,685	58,697	43,895	132,717	16,325	70,860	125,033	96,263	174,198	132,315	188,001
Admin Expenses	717,762	-52,458	50,096	41,630	131,387	18,357	70,721	124,612	94,805	173,254	137,689	181,587
Operating Profit	4,109	71,143	8,601	2,265	1,330	-2,032	139	421	1,458	944	-5,374	6,414
Interest Payable
Interest Receivable	2,960	2,702	232	8	14	105	20	5	11	10	14	7
Pre-Tax Profit	7,069	73,845	8,833	2,273	1,344	-1,927	159	426	1,469	954	-5,360	6,421
Tax	-1,767	-18,461	-1,678	-432	-255		-30	-81	-294	-191		-1,477
Profit After Tax	5,302	55,384	7,155	1,841	1,089	-1,927	129	345	1,175	763	-5,360	4,944
Dividends Paid
Retained Profit	5,302	55,384	7,155	1,841	1,089	-1,927	129	345	1,175	763	-5,360	4,944
Employee Costs	69,658	35,504	34,261	30,532	89,383	34,444	62,285	84,215	53,977	108,061	85,054	109,940
Number Of Employees	2	1	1	1	3	1	2	3	2	4	3	4
EBITDA*	4,109	71,143	8,601	2,265	1,330	-2,032	139	421	1,458	3,418	-2,900	8,888

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013
Tangible Assets	1	1	1	1	1	1	1	1	1	1	2,475	4,949
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1	1	1	1	1	1	1	1	1	1	2,475	4,949
Stock & work in progress
Trade Debtors	234,987	4,417	16,171	11,982	34,927	3,640	15,211	24,527	17,771	30,438	21,462	29,395
Group Debtors	275,200
Misc Debtors	22,852	362	13,710	19,736	888
Cash	33,255	79,525	28,574	8,608	7,819	20,545	7,548	630	3,465	1,015	2,987	2,800
misc current assets
total current assets	566,294	84,304	58,455	40,326	43,634	24,185	22,759	25,157	21,236	31,453	24,449	32,195
total assets	566,295	84,305	58,456	40,327	43,635	24,186	22,760	25,158	21,237	31,454	26,924	37,144
Bank overdraft
Bank loan
Trade Creditors	12,480	901	22,830	18,268	15,598	12,280	6,884	10,404	10,404	31,096	27,329	32,190
Group/Directors Accounts	366,357
other short term finances
hp & lease commitments
other current liabilities	116,607	17,855	25,461	19,049	26,868	11,826	13,869	12,876	9,300
total current liabilities	495,444	18,756	48,291	37,317	42,466	24,106	20,753	23,280	19,704	31,096	27,329	32,190
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	495,444	18,756	48,291	37,317	42,466	24,106	20,753	23,280	19,704	31,096	27,329	32,190
net assets	70,851	65,549	10,165	3,010	1,169	80	2,007	1,878	1,533	358	-405	4,954
total shareholders funds	70,851	65,549	10,165	3,010	1,169	80	2,007	1,878	1,533	358	-405	4,954

	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013
Operating Activities
Operating Profit	4,109	71,143	8,601	2,265	1,330	-2,032	139	421	1,458	944	-5,374	6,414
Depreciation										2,474	2,474	2,474
Amortisation
Tax	-1,767	-18,461	-1,678	-432	-255		-30	-81	-294	-191		-1,477
Stock
Debtors	528,260	-25,102	-1,837	-4,097	32,175	-11,571	-9,316	6,756	-12,667	8,976	-7,933	29,395
Creditors	11,579	-21,929	4,562	2,670	3,318	5,396	-3,520		-20,692	3,767	-4,861	32,190
Accruals and Deferred Income	98,752	-7,606	6,412	-7,819	15,042	-2,043	993	3,576	9,300
Deferred Taxes & Provisions
Cash flow from operations	-415,587	48,249	19,734	781	-12,740	12,892	6,898	-2,840	2,439	-1,982	172	10,206
Investing Activities
capital expenditure												-7,423
Change in Investments
cash flow from investments												-7,423
Financing Activities
Bank loans
Group/Directors Accounts	366,357
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue											1	10
interest	2,960	2,702	232	8	14	105	20	5	11	10	14	7
cash flow from financing	369,317	2,702	232	8	14	105	20	5	11	10	15	17
cash and cash equivalents
cash	-46,270	50,951	19,966	789	-12,726	12,997	6,918	-2,835	2,450	-1,972	187	2,800
overdraft
change in cash	-46,270	50,951	19,966	789	-12,726	12,997	6,918	-2,835	2,450	-1,972	187	2,800

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LOVETTS ACCOUNTANTS LIMITED group structure

Lovetts Accountants Limited has no subsidiary companies.

Ultimate parent company

FUSION HOLDCO LIMITED

11079036

FUSION ACCOUNTANCY LIMITED

11204808

2 parents

LOVETTS ACCOUNTANTS LIMITED

08050722

LOVETTS ACCOUNTANTS LIMITED Shareholders

fusion accountancy ltd

100%

Lovetts Accountants Limited currently has 2 directors. The longest serving directors include Mr Mitchell Young (Jun 2023) and Mr Adam Maurice (Jun 2023).

officer	country	age	start	end	role
Mr Mitchell Young	England	41 years	Jun 2023	-	Director
Mr Adam Maurice	United Kingdom	42 years	Jun 2023	-	Director

P&L

March 2024

turnover

773.3k

+3823%

operating profit

4.1k

gross margin

93.4%

-1.53%

turnover

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

Balance Sheet

March 2024

net assets

70.9k

+0.08%

total assets

566.3k

+5.72%

cash

33.3k

-0.58%

net assets

Total assets minus all liabilities

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company number

08050722

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

April 2012

ultimate parent company

FUSION HOLDCO LIMITED

previous names

lovett nicholson limited (June 2023)

address

ground floor, 298 regents park road, london, N3 2SZ

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 2 charges/mortgages relating to lovetts accountants limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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lovetts accountants limited Company Information

lovetts accountants limited Estimated Valuation

lovetts accountants limited Estimated Valuation

lovetts accountants limited Estimated Valuation

Lovetts Accountants Limited Overview

Lovetts Accountants Limited Health Check

LOVETTS ACCOUNTANTS LIMITED financials

lovetts accountants limited Credit Report and Business Information

Lovetts Accountants Limited Competitor Analysis

lovetts accountants limited Ownership

lovetts accountants limited directors

lovetts accountants limited company details

lovetts accountants limited Charges & Mortgages

lovetts accountants limited Capital Raised & Share Issues BETA

lovetts accountants limited Companies House Filings - See Documents