mj accounting ltd
mj accounting ltd Company Information
Group Structure
View All
Industry
Accounting, and auditing activities
+2Registered Address
3rd floor 86 - 90 paul street, london, EC2A 4NE
Website
www.brawa-accounting.commj accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of MJ ACCOUNTING LTD at £26.6k based on a Turnover of £42.6k and 0.62x industry multiple (adjusted for size and gross margin).
mj accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of MJ ACCOUNTING LTD at £0 based on an EBITDA of £-6.5k and a 3.67x industry multiple (adjusted for size and gross margin).
mj accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of MJ ACCOUNTING LTD at £0 based on Net Assets of £-2.8k and 3.66x industry multiple (adjusted for liquidity).
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Mj Accounting Ltd Overview
Mj Accounting Ltd is a live company located in london, EC2A 4NE with a Companies House number of 08484453. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2013, it's largest shareholder is fahad alfaqih with a 100% stake. Mj Accounting Ltd is a established, micro sized company, Pomanda has estimated its turnover at £42.6k with rapid growth in recent years.
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Mj Accounting Ltd Health Check
Pomanda's financial health check has awarded Mj Accounting 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
2 Strong
2 Regular
6 Weak
Size
annual sales of £42.6k, make it smaller than the average company (£158.3k)
- Mj Accounting Ltd
£158.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (6.3%)
- Mj Accounting Ltd
6.3% - Industry AVG
Production
with a gross margin of 39.7%, this company has a higher cost of product (80.6%)
- Mj Accounting Ltd
80.6% - Industry AVG
Profitability
an operating margin of -15.1% make it less profitable than the average company (7.1%)
- Mj Accounting Ltd
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (2)
2 - Mj Accounting Ltd
2 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Mj Accounting Ltd
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £21.3k, this is less efficient (£73.9k)
- Mj Accounting Ltd
£73.9k - Industry AVG
Debtor Days
it gets paid by customers after 89 days, this is near the average (83 days)
- Mj Accounting Ltd
83 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (26 days)
- Mj Accounting Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mj Accounting Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mj Accounting Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.8%, this is a higher level of debt than the average (60%)
126.8% - Mj Accounting Ltd
60% - Industry AVG
MJ ACCOUNTING LTD financials
Mj Accounting Ltd's latest turnover from April 2024 is estimated at £42.6 thousand and the company has net assets of -£2.8 thousand. According to their latest financial statements, Mj Accounting Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 120 | 242 | 364 | 486 | 102 | 203 | 304 | 405 | |||
| Intangible Assets | |||||||||||
| Investments & Other | 1,534 | 4,028 | |||||||||
| Debtors (Due After 1 year) | 2,022 | 435 | |||||||||
| Total Fixed Assets | 120 | 242 | 1,898 | 4,514 | 102 | 203 | 2,326 | 840 | |||
| Stock & work in progress | |||||||||||
| Trade Debtors | 10,501 | 12,667 | 19,325 | 1,713 | 115 | 5,699 | 12,767 | 983 | |||
| Group Debtors | 435 | 435 | |||||||||
| Misc Debtors | |||||||||||
| Cash | 10,281 | 174 | 1,294 | 1,669 | 182 | ||||||
| misc current assets | 406 | 407 | 810 | ||||||||
| total current assets | 10,501 | 12,667 | 19,325 | 12,835 | 1,131 | 5,699 | 12,767 | 983 | 2,104 | 1,669 | 182 |
| total assets | 10,501 | 12,787 | 19,567 | 14,733 | 5,645 | 5,699 | 12,869 | 1,186 | 4,430 | 2,509 | 182 |
| Bank overdraft | 1,200 | ||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 9,353 | 7,059 | 4,822 | 4,516 | 6,412 | 405 | 317 | 398 | |||
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 4,162 | 3,039 | |||||||||
| total current liabilities | 9,353 | 7,059 | 4,822 | 4,162 | 4,239 | 4,516 | 6,412 | 405 | 317 | 398 | |
| loans | 6,500 | ||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 3,965 | 2,092 | 7,824 | 381 | 10,923 | 7,976 | 2,765 | ||||
| provisions | |||||||||||
| total long term liabilities | 3,965 | 2,092 | 7,824 | 6,500 | 381 | 10,923 | 7,976 | 2,765 | |||
| total liabilities | 13,318 | 9,151 | 12,646 | 10,662 | 4,239 | 4,516 | 6,412 | 786 | 11,240 | 8,374 | 2,765 |
| net assets | -2,817 | 3,636 | 6,921 | 4,071 | 1,406 | 1,183 | 6,457 | 400 | -6,810 | -5,865 | -2,583 |
| total shareholders funds | -2,817 | 3,636 | 6,921 | 4,071 | 1,406 | 1,183 | 6,457 | 400 | -6,810 | -5,865 | -2,583 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 122 | 122 | 101 | 101 | |||||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | -2,166 | -6,658 | 17,177 | 1,598 | -5,149 | -7,068 | 11,784 | -1,039 | 1,587 | 435 | |
| Creditors | 2,294 | 2,237 | 4,822 | -4,516 | -1,896 | 6,007 | 88 | -81 | 398 | ||
| Accruals and Deferred Income | -4,162 | 1,123 | 3,039 | ||||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -1,534 | -2,494 | 4,028 | ||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | -6,500 | 6,500 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | 1,873 | -5,732 | 7,824 | -381 | -10,542 | 2,947 | 5,211 | 2,765 | |||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -10,281 | 10,107 | 174 | -1,294 | -375 | 1,487 | 182 | ||||
| overdraft | -1,200 | 1,200 | |||||||||
| change in cash | -10,281 | 11,307 | -1,026 | -1,294 | -375 | 1,487 | 182 |
mj accounting ltd Credit Report and Business Information
Mj Accounting Ltd Competitor Analysis
Perform a competitor analysis for mj accounting ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.
mj accounting ltd Ownership
MJ ACCOUNTING LTD group structure
Mj Accounting Ltd has no subsidiary companies.
Ultimate parent company
MJ ACCOUNTING LTD
08484453
mj accounting ltd directors
Mj Accounting Ltd currently has 1 director, Mr Fahad Alfaqih serving since Apr 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fahad Alfaqih | United Kingdom | 41 years | Apr 2013 | - | Director |
P&L
April 2024turnover
42.6k
-1%
operating profit
-6.5k
0%
gross margin
39.8%
-7.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-2.8k
-1.77%
total assets
10.5k
-0.18%
cash
0
0%
net assets
Total assets minus all liabilities
mj accounting ltd company details
company number
08484453
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
69201 - Accounting, and auditing activities
69203 - Tax consultancy
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2024
previous names
brawa accounting ltd (April 2019)
accountant
-
auditor
-
address
3rd floor 86 - 90 paul street, london, EC2A 4NE
Bank
-
Legal Advisor
-
mj accounting 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 mj accounting ltd.
mj accounting 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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mj accounting ltd Companies House Filings - See Documents
| date | description | view/download |
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