m & m accountants ltd

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m & m accountants ltd Company Information

Share M & M ACCOUNTANTS LTD

Company Number

08070956

Shareholders

manishkumar patel

Group Structure

View All

Industry

Tax consultancy

 +2

Registered Address

28 tavistock road, edgware, london, middlesex, HA8 6DA

m & m accountants ltd Estimated Valuation

£22.3k

Pomanda estimates the enterprise value of M & M ACCOUNTANTS LTD at £22.3k based on a Turnover of £37.9k and 0.59x industry multiple (adjusted for size and gross margin).

m & m accountants ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of M & M ACCOUNTANTS LTD at £0 based on an EBITDA of £0 and a 3.48x industry multiple (adjusted for size and gross margin).

m & m accountants ltd Estimated Valuation

£20.6k

Pomanda estimates the enterprise value of M & M ACCOUNTANTS LTD at £20.6k based on Net Assets of £5.6k and 3.66x industry multiple (adjusted for liquidity).

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M & M Accountants Ltd Overview

M & M Accountants Ltd is a live company located in london, HA8 6DA with a Companies House number of 08070956. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2012, it's largest shareholder is manishkumar patel with a 100% stake. M & M Accountants Ltd is a established, micro sized company, Pomanda has estimated its turnover at £37.9k with high growth in recent years.

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M & M Accountants Ltd Health Check

Pomanda's financial health check has awarded M & M Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £37.9k, make it smaller than the average company (£154.5k)

£37.9k - M & M Accountants Ltd

£154.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.9%)

16% - M & M Accountants Ltd

6.9% - Industry AVG

production

Production

with a gross margin of 33.2%, this company has a higher cost of product (78.1%)

33.2% - M & M Accountants Ltd

78.1% - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - M & M Accountants Ltd

- - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (2)

1 - M & M Accountants Ltd

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)

£34.2k - M & M Accountants Ltd

£34.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £37.9k, this is less efficient (£72.8k)

£37.9k - M & M Accountants Ltd

£72.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 166 days, this is later than average (79 days)

166 days - M & M Accountants Ltd

79 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 167 days, this is slower than average (20 days)

167 days - M & M Accountants Ltd

20 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - M & M Accountants Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - M & M Accountants Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.3%, this is a higher level of debt than the average (60.3%)

67.3% - M & M Accountants Ltd

60.3% - Industry AVG

M & M ACCOUNTANTS LTD financials

EXPORTms excel logo

M & M Accountants Ltd's latest turnover from March 2024 is estimated at £37.9 thousand and the company has net assets of £5.6 thousand. According to their latest financial statements, M & M Accountants Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
Turnover37,85736,57933,56624,48028,50510,3222,3073,31421,2268,7619,465877
Other Income Or Grants000000000000
Cost Of Sales25,27821,49619,51113,93814,4673,8418661,3848,8143,1143,105262
Gross Profit12,57915,08314,05510,54214,0386,4801,4411,92912,4125,6476,359614
Admin Expenses12,57915,08310,99110,54210,9554,0532,1423,4458,3237,1416,7471,097
Operating Profit003,06403,0832,427-701-1,5164,089-1,494-388-483
Interest Payable000000000000
Interest Receivable000000000011
Pre-Tax Profit003,06403,0832,427-701-1,5164,089-1,494-387-482
Tax00-5820-586-46100-818000
Profit After Tax002,48202,4971,966-701-1,5163,271-1,494-387-482
Dividends Paid000000000000
Retained Profit002,48202,4971,966-701-1,5163,271-1,494-387-482
Employee Costs34,17530,95126,27823,85924,10631,53327,50328,75529,04128,83433,33931,341
Number Of Employees111111111111
EBITDA*003,06403,0832,427-701-1,5164,089-1,494-388-285

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
Tangible Assets00077214421000198396
Intangible Assets000000000000
Investments & Other000000100010
Debtors (Due After 1 year)000000000000
Total Fixed Assets00077214422000199396
Stock & work in progress000000000000
Trade Debtors17,24617,24617,24612,03912,0394,6939541,1396,2752,0782,100200
Group Debtors000000000000
Misc Debtors000000000000
Cash00000000000544
misc current assets000000000000
total current assets17,24617,24617,24612,03912,0394,6939541,1396,2752,0782,100744
total assets17,24617,24617,24612,04612,0464,9071,3761,1396,2752,0782,2991,140
Bank overdraft000000000000
Bank loan000000000000
Trade Creditors 11,61011,61011,6108,8928,8924,2502,6851,7475,3664,4403,1680
Group/Directors Accounts000000000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities000000000000
total current liabilities11,61011,61011,6108,8928,8924,2502,6851,7475,3664,4403,1680
loans000000000000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000000000001,621
provisions000000000000
total long term liabilities000000000001,621
total liabilities11,61011,61011,6108,8928,8924,2502,6851,7475,3664,4403,1681,621
net assets5,6365,6365,6363,1543,154657-1,309-608909-2,362-869-481
total shareholders funds5,6365,6365,6363,1543,154657-1,309-608909-2,362-869-481
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
Operating Activities
Operating Profit003,06403,0832,427-701-1,5164,089-1,494-388-483
Depreciation00000000000198
Amortisation000000000000
Tax00-5820-586-46100-818000
Stock000000000000
Debtors005,20707,3463,739-185-5,1364,197-221,900200
Creditors002,71804,6421,565938-3,6199261,2723,1680
Accruals and Deferred Income000000000000
Deferred Taxes & Provisions000000000000
Cash flow from operations00-70-207-20842210-200880-485
Investing Activities
capital expenditure0070207207-42100198198-594
Change in Investments00000-1100-110
cash flow from investments0070207208-42200199197-594
Financing Activities
Bank loans000000000000
Group/Directors Accounts000000000000
Other Short Term Loans 000000000000
Long term loans000000000000
Hire Purchase and Lease Commitments000000000000
other long term liabilities0000000000-1,6211,621
share issue0000000-101-11
interest000000000011
cash flow from financing0000000-101-1,6211,623
cash and cash equivalents
cash0000000000-544544
overdraft000000000000
change in cash0000000000-544544

m & m accountants ltd 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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M & M Accountants Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for m & m accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in HA8 area or any other competitors across 12 key performance metrics.

m & m accountants ltd Ownership

M & M ACCOUNTANTS LTD group structure

M & M Accountants Ltd has no subsidiary companies.

Ultimate parent company

M & M ACCOUNTANTS LTD

08070956

M & M ACCOUNTANTS LTD Shareholders

manishkumar patel 100%

m & m accountants ltd directors

M & M Accountants Ltd currently has 1 director, Mr Manishkumar Patel serving since May 2012.

officercountryagestartendrole
Mr Manishkumar PatelEngland49 years May 2012- Director

P&L

March 2024

turnover

37.9k

+3%

operating profit

0

0%

gross margin

33.3%

-19.42%

turnover

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

Balance Sheet

March 2024

net assets

5.6k

0%

total assets

17.2k

0%

cash

0

0%

net assets

Total assets minus all liabilities

m & m accountants ltd company details

company number

08070956

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

69203 - Tax consultancy

69201 - Accounting, and auditing activities

incorporation date

May 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

28 tavistock road, edgware, london, middlesex, HA8 6DA

Bank

-

Legal Advisor

-

m & m accountants ltd 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 m & m accountants ltd.

m & m accountants 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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m & m accountants ltd Companies House Filings - See Documents

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