mi accountancy solutions limitedEstimated Valuation
£95.3k
Pomanda estimates the enterprise value of MI ACCOUNTANCY SOLUTIONS LIMITED at £95.3k based on a Turnover of £216.2k and 0.44x industry multiple (adjusted for size and gross margin).
mi accountancy solutions limitedEstimated Valuation
£121.3k
Pomanda estimates the enterprise value of MI ACCOUNTANCY SOLUTIONS LIMITED at £121.3k based on an EBITDA of £48.1k and a 2.52x industry multiple (adjusted for size and gross margin).
mi accountancy solutions limitedEstimated Valuation
£843.9k
Pomanda estimates the enterprise value of MI ACCOUNTANCY SOLUTIONS LIMITED at £843.9k based on Net Assets of £254.8k and 3.31x industry multiple (adjusted for liquidity).
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Mi Accountancy Solutions LimitedOverview
Mi Accountancy Solutions Limited is a live company located in stone, ST15 8LQ with a Companies House number of 08111883. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in June 2012, it's largest shareholder is
capital for colleagues plc
with a 100% stake. Mi Accountancy Solutions Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£216.2k with
declining
growth in recent years.
Pomanda's financial health check has awarded Mi Accountancy Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
4 Regular
2 Weak
Size
annual sales of £216.2k, make it larger than the average company (£80.4k)
£216.2k - Mi Accountancy Solutions Limited
£80.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (11.9%)
-23% - Mi Accountancy Solutions Limited
11.9% - Industry AVG
Production
with a gross margin of 66.4%, this company has a comparable cost of product (66.4%)
66.4% - Mi Accountancy Solutions Limited
66.4% - Industry AVG
Profitability
an operating margin of 22% make it more profitable than the average company (8.3%)
22% - Mi Accountancy Solutions Limited
8.3% - Industry AVG
Employees
with 4 employees, this is above the industry average (2)
4 - Mi Accountancy Solutions Limited
2 - Industry AVG
Pay Structure
on an average salary of £18k, the company has an equivalent pay structure (£18k)
£18k - Mi Accountancy Solutions Limited
£18k - Industry AVG
Efficiency
resulting in sales per employee of £54.1k, this is equally as efficient (£55k)
£54.1k - Mi Accountancy Solutions Limited
£55k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (56 days)
63 days - Mi Accountancy Solutions Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (14 days)
10 days - Mi Accountancy Solutions Limited
14 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mi Accountancy Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 110 weeks, this is more cash available to meet short term requirements (37 weeks)
110 weeks - Mi Accountancy Solutions Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.7%, this is a lower level of debt than the average (78%)
3.7% - Mi Accountancy Solutions Limited
78% - Industry AVG
MI ACCOUNTANCY SOLUTIONS LIMITED financials
EXPORT
Mi Accountancy Solutions Limited's latest turnover from August 2024 is estimated at £216.2 thousand and the company has net assets of £254.8 thousand. According to their latest financial statements, Mi Accountancy Solutions Limited has 4 employees and maintains cash reserves of £20.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2024
Aug 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Oct 2013
Turnover
216,204
246,015
188,840
468,761
454,187
645,006
221,399
189,236
183,170
198,673
582,662
407,731
Other Income Or Grants
Cost Of Sales
72,690
81,344
58,646
84,529
17,856
45,101
11,240
10,807
12,055
12,086
50,576
26,305
Gross Profit
143,515
164,671
130,194
384,232
436,331
599,905
210,159
178,429
171,115
186,588
532,085
381,426
Admin Expenses
95,942
133,694
61,055
358,149
412,656
555,380
160,147
125,483
143,420
192,118
575,710
366,055
Operating Profit
47,573
30,977
69,139
26,083
23,675
44,525
50,012
52,946
27,695
-5,530
-43,625
15,371
Interest Payable
Interest Receivable
1,200
3,588
1,231
281
281
15
16
2
Pre-Tax Profit
48,773
34,565
70,369
26,083
23,675
44,806
50,294
52,268
20,111
-5,515
-43,609
15,373
Tax
-12,193
-8,641
-13,370
-4,956
-4,498
-8,513
-9,556
-9,375
2,052
-3,536
Profit After Tax
36,580
25,924
56,999
21,127
19,177
36,293
40,738
42,893
22,163
-5,515
-43,609
11,837
Dividends Paid
Retained Profit
36,580
25,924
56,999
21,127
19,177
36,293
40,738
42,893
22,163
-5,515
-43,609
11,837
Employee Costs
72,185
49,315
63,400
64,290
60,914
51,156
65,630
112,519
133,515
100,800
351,329
459,134
Number Of Employees
4
3
4
4
4
4
4
4
5
7
19
14
EBITDA*
48,082
31,323
69,139
26,083
23,675
44,525
50,012
52,946
27,695
-5,530
-43,407
15,601
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2024
Aug 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Oct 2013
Tangible Assets
1,059
451
797
473
691
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,059
451
797
473
691
Stock & work in progress
Trade Debtors
37,764
55,971
44,774
147,754
128,371
164,199
43,430
44,669
33,975
26,915
74,247
47,952
Group Debtors
196,255
157,028
Misc Debtors
8,797
4,339
69,543
3,462
1,792
1,950
1,706
Cash
20,695
27,323
109,380
75,023
6,367
690
5,485
889
misc current assets
1,813
total current assets
263,511
244,661
223,697
151,216
130,163
166,149
120,159
46,482
40,342
27,605
79,732
48,841
total assets
264,570
245,112
224,494
151,216
130,163
166,149
120,159
46,482
40,342
27,605
80,205
49,532
Bank overdraft
Bank loan
Trade Creditors
2,119
1,380
1,063
13,356
14,230
70,748
1,370
28,612
55,365
64,792
111,877
37,595
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
7,642
25,503
31,126
60,081
total current liabilities
9,761
26,883
32,189
13,356
14,230
70,748
61,451
28,612
55,365
64,792
111,877
37,595
loans
hp & lease commitments
Accruals and Deferred Income
2,655
1,855
500
other liabilities
provisions
total long term liabilities
2,655
1,855
500
total liabilities
9,761
26,883
32,189
16,011
16,085
71,248
61,451
28,612
55,365
64,792
111,877
37,595
net assets
254,809
218,229
192,305
135,205
114,078
94,901
58,708
17,870
-15,023
-37,187
-31,672
11,937
total shareholders funds
254,809
218,229
192,305
135,205
114,078
94,901
58,708
17,870
-15,023
-37,187
-31,672
11,937
Aug 2024
Aug 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Oct 2013
Operating Activities
Operating Profit
47,573
30,977
69,139
26,083
23,675
44,525
50,012
52,946
27,695
-5,530
-43,625
15,371
Depreciation
509
346
218
230
Amortisation
Tax
-12,193
-8,641
-13,370
-4,956
-4,498
-8,513
-9,556
-9,375
2,052
-3,536
Stock
Debtors
25,478
103,021
-36,899
21,053
-35,986
121,013
467
10,694
7,060
-47,332
26,295
47,952
Creditors
739
317
-12,293
-874
-56,518
69,378
-27,242
-26,753
-9,427
-47,085
74,282
37,595
Accruals and Deferred Income
-17,861
-5,623
28,471
800
1,355
-59,581
60,081
Deferred Taxes & Provisions
Cash flow from operations
-6,711
-85,645
108,846
-75,204
72,828
6,124
13,260
-5,283
4,580
1,708
Investing Activities
capital expenditure
-1,117
-797
473
-921
Change in Investments
cash flow from investments
-1,117
-797
473
-921
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
101
-100
100
-10,000
1
100
interest
1,200
3,588
1,231
281
281
15
16
2
cash flow from financing
1,200
3,588
1,332
181
381
-10,000
1
15
16
102
cash and cash equivalents
cash
-6,628
-82,057
109,380
-75,023
75,023
-6,367
5,677
-4,795
4,596
889
overdraft
change in cash
-6,628
-82,057
109,380
-75,023
75,023
-6,367
5,677
-4,795
4,596
889
mi accountancy solutions limited 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 mi accountancy solutions limited. Get real-time insights into mi accountancy solutions limited's credit score, group structure and payment trends.
Mi Accountancy Solutions Limited Competitor Analysis
Perform a competitor analysis for mi accountancy solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in ST15 area or any other competitors across 12 key performance metrics.
mi accountancy solutions limited Ownership
MI ACCOUNTANCY SOLUTIONS LIMITED group structure
Mi Accountancy Solutions Limited has no subsidiary companies.
Ultimate parent company
MI ACCOUNTANCY SOLUTIONS LIMITED
08111883
MI ACCOUNTANCY SOLUTIONS LIMITED Shareholders
The sole shareholder of Mi Accountancy Solutions Limited is Capital For Colleagues Plc.
capital for colleagues plc
100%
mi accountancy solutions limited directors
Mi Accountancy Solutions Limited currently has 2 directors.
The longest serving directors include
Miss Sophie Mills (Aug 2015) and
Mr John Lewis (Dec 2022).
mi accountancy solutions 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 did not find charges/mortgages relating to mi accountancy solutions limited.
mi accountancy solutions 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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mi accountancy solutions limitedCompanies House Filings - See Documents
