Quartet Business Services Group Limited

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quartet business services group limited Company Information

Live

EstablishedSmallLow

Company Number

08131577

Next Accounts

Jan 2025

Industry

Accounting, and auditing activities

Directors

Michael Melling

Daren Moore

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Shareholders

taxassist direct acquisitions limited

penelope irene melling

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Group Structure

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Contact

Registered Address

13 the highway, station road, beaconsfield, buckinghamshire, HP9 1QQ

Website

quartet business services group limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of QUARTET BUSINESS SERVICES GROUP LIMITED at £3m based on Net Assets of £977.8k and 3.05x industry multiple (adjusted for liquidity).

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Quartet Business Services Group Limited is a live company located in beaconsfield, HP9 1QQ with a Companies House number of 08131577. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2012, it's largest shareholder is taxassist direct acquisitions limited with a 75% stake. Quartet Business Services Group Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with low growth in recent years.

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Pomanda's financial health check has awarded Quartet Business Services Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £2.2m, make it larger than the average company (£219.9k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.5%)

EXPORT

Quartet Business Services Group Limited's latest turnover from April 2023 is estimated at £2.2 million and the company has net assets of £977.8 thousand. According to their latest financial statements, Quartet Business Services Group Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Turnover	2,152,402	2,097,961	1,920,201	2,013,439	1,883,330	3,362	3,044	146,103	117,890	3,610	2,895
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,019,484	949,317	859,227	903,553	784,315	1,347	1,067	64,249	52,073	1,267	1,023
Gross Profit	1,132,919	1,148,644	1,060,974	1,109,886	1,099,015	2,015	1,977	81,854	65,816	2,343	1,871
Admin Expenses	600,160	966,067	1,196,365	1,131,290	820,946	-59,774	-334,544	227,558	-35,892	2,871	-139,859
Operating Profit	532,759	182,577	-135,391	-21,404	278,069	61,789	336,521	-145,704	101,708	-528	141,730
Interest Payable	0	0	0	0	0	0	0	0	0	2,925	2,925
Interest Receivable	0	0	0	0	0	0	2	18	32	64	46
Pre-Tax Profit	532,759	182,577	-135,391	-21,404	278,069	61,789	336,523	-145,686	101,740	-3,389	138,851
Tax	-133,190	-34,690	0	0	-52,833	-11,740	-63,939	0	-20,348	0	-31,936
Profit After Tax	399,569	147,887	-135,391	-21,404	225,236	50,049	272,584	-145,686	81,392	-3,389	106,915
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	399,569	147,887	-135,391	-21,404	225,236	50,049	272,584	-145,686	81,392	-3,389	106,915
Employee Costs	35,302	66,059	57,279	56,244	67,817	29,525	28,561	62,518	29,788	29,226	28,172
Number Of Employees	1	2	2	2	2	1	1	2	1	1	1
EBITDA*	532,759	182,577	-135,391	-21,404	278,069	61,789	336,521	-143,175	110,043	10,518	150,490

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Tangible Assets	49,828	14,521	13,318	4,374	4,301	1,211,363	1,211,498	1,211,078	6,800	14,448	24,984
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	922,325	922,175	922,075
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	49,828	14,521	13,318	4,374	4,301	1,211,363	1,211,498	1,211,078	929,125	936,623	947,059
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,385,472	1,476,642	1,422,750	1,310,285	1,229,252	1,021	670	44,899	31,370	150	150
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,253	5,135	4,332	2,730	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	1,798	5,473	7,419	18,299
misc current assets	0	0	0	0	2,282	2,110	1,959	0	0	0	0
total current assets	1,386,725	1,481,777	1,427,082	1,313,015	1,231,534	3,131	2,629	46,697	36,843	7,569	18,449
total assets	1,436,553	1,496,298	1,440,400	1,317,389	1,235,835	1,214,494	1,214,127	1,257,775	965,968	944,192	965,508
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	412,850	467,539	455,087	313,416	143,381	310,013	577,470	774,590	444,956	601,854	456,390
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	412,850	467,539	455,087	313,416	143,381	310,013	577,470	774,590	444,956	601,854	456,390
loans	0	0	0	0	0	0	0	0	0	0	90,000
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	600	0	0	0	0	0	0	0	0	0	0
other liabilities	45,341	450,566	555,007	438,276	505,353	542,616	324,841	443,853	335,994	238,712	312,201
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	45,941	450,566	555,007	438,276	505,353	542,616	324,841	443,853	335,994	238,712	402,201
total liabilities	458,791	918,105	1,010,094	751,692	648,734	852,629	902,311	1,218,443	780,950	840,566	858,591
net assets	977,762	578,193	430,306	565,697	587,101	361,865	311,816	39,332	185,018	103,626	106,917
total shareholders funds	977,762	578,193	430,306	565,697	587,101	361,865	311,816	39,332	185,018	103,626	106,917

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Operating Activities
Operating Profit	532,759	182,577	-135,391	-21,404	278,069	61,789	336,521	-145,704	101,708	-528	141,730
Depreciation	0	0	0	0	0	0	0	2,529	8,335	11,046	8,760
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-133,190	-34,690	0	0	-52,833	-11,740	-63,939	0	-20,348	0	-31,936
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-95,052	54,695	114,067	83,763	1,228,231	351	-44,229	13,529	31,220	0	150
Creditors	-54,689	12,452	141,671	170,035	-166,632	-267,457	-197,120	329,634	-156,898	145,464	456,390
Accruals and Deferred Income	600	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	440,532	105,644	-107,787	64,868	-1,169,627	-217,759	119,691	172,930	-98,423	155,982	574,794
Investing Activities
capital expenditure	-35,307	-1,203	-8,944	-73	1,207,062	135	-420	-1,206,807	-687	-510	-33,744
Change in Investments	0	0	0	0	0	0	0	-922,325	150	100	922,075
cash flow from investments	-35,307	-1,203	-8,944	-73	1,207,062	135	-420	-284,482	-837	-610	-955,819
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	-90,000	90,000
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-405,225	-104,441	116,731	-67,077	-37,263	217,775	-119,012	107,859	97,282	-73,489	312,201
share issue	0	0	0	0	0	0	-100	0	0	98	2
interest	0	0	0	0	0	0	2	18	32	-2,861	-2,879
cash flow from financing	-405,225	-104,441	116,731	-67,077	-37,263	217,775	-119,110	107,877	97,314	-166,252	399,324
cash and cash equivalents
cash	0	0	0	0	0	0	-1,798	-3,675	-1,946	-10,880	18,299
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-1,798	-3,675	-1,946	-10,880	18,299

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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QUARTET BUSINESS SERVICES GROUP LIMITED group structure

Quartet Business Services Group Limited has 4 subsidiary companies.

Ultimate parent company

QUARTET BUSINESS SERVICES GROUP LIMITED

08131577

4 subsidiaries

TAX ACCOUNTANTS ADVISORY SERVICES LIMITED

08761310

TAX ACCOUNTANTS (BUCKS & HERTS) LIMITED

05659284

ADAM ACCOUNTS LIMITED

07149787

TAX ACCOUNTANTS (BUCKS.) LTD

06594387

QUARTET BUSINESS SERVICES GROUP LIMITED Shareholders

taxassist direct acquisitions limited	75%
penelope irene melling	13%
michael john melling	12%

Quartet Business Services Group Limited currently has 3 directors. The longest serving directors include Mr Michael Melling (Jul 2012) and Mr Daren Moore (May 2024).

officer	country	age	start	end	role
Mr Michael Melling		65 years	Jul 2012	-	Director
Mr Daren Moore	England	53 years	May 2024	-	Director
Mr Nicholas Redfern	United Kingdom	50 years	May 2024	-	Director

P&L

April 2023

turnover

2.2m

+3%

operating profit

532.8k

gross margin

52.7%

-3.86%

turnover

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

Balance Sheet

April 2023

net assets

977.8k

+0.69%

total assets

1.4m

-0.04%

cash

net assets

Total assets minus all liabilities

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company number

08131577

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

July 2012

ultimate parent company

None

previous names

quartet business services limited (July 2017)

address

13 the highway, station road, beaconsfield, buckinghamshire, HP9 1QQ

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 quartet business services group limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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quartet business services group limited Company Information

quartet business services group limited Estimated Valuation

quartet business services group limited Estimated Valuation

quartet business services group limited Estimated Valuation

Quartet Business Services Group Limited Overview

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QUARTET BUSINESS SERVICES GROUP LIMITED financials

quartet business services group limited Credit Report and Business Information

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