Nextin Accountants Ltd

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nextin accountants ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08538583

Website

www.ruhaanandco.co.uk

Registered Address

38p alum rock road, birmingham, B8 1JA

Industry

Bookkeeping activities

Telephone

01215723457

Next Accounts Due

February 2025

Group Structure

View All

Directors

Nadeem Umer11 Years

Syed Naz2 Years

Shareholders

naz syed farrukh 51%

nadeem umer 49%

nextin accountants ltd Estimated Valuation

£54.8k

Pomanda estimates the enterprise value of NEXTIN ACCOUNTANTS LTD at £54.8k based on a Turnover of £66.4k and 0.83x industry multiple (adjusted for size and gross margin).

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Nextin Accountants Ltd is a live company located in birmingham, B8 1JA with a Companies House number of 08538583. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in May 2013, it's largest shareholder is naz syed farrukh with a 51% stake. Nextin Accountants Ltd is a established, micro sized company, Pomanda has estimated its turnover at £66.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Nextin 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 Rating1.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £66.4k, make it in line with the average company (£81.1k)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (5.2%)

EXPORT

Nextin Accountants Ltd's latest turnover from May 2023 is estimated at £66.4 thousand and the company has net assets of £7.2 thousand. According to their latest financial statements, Nextin Accountants Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014
Turnover	66,408	44,241	37,120	112,644	38,178	18,663	60,616	44,108	3,218	8,849
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	38,990	27,165	18,007	47,242	13,184	6,084	25,542	14,549	1,062	3,737
Gross Profit	27,418	17,076	19,113	65,403	24,995	12,579	35,074	29,558	2,157	5,112
Admin Expenses	31,969	32,727	22,064	47,173	21,553	12,406	33,424	27,734	-7,889	2,821
Operating Profit	-4,551	-15,651	-2,951	18,230	3,442	173	1,650	1,824	10,046	2,291
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	7	37	25	2
Pre-Tax Profit	-4,551	-15,651	-2,951	18,230	3,442	173	1,657	1,861	10,071	2,294
Tax	0	0	0	-3,464	-654	-33	-315	-372	-2,014	-482
Profit After Tax	-4,551	-15,651	-2,951	14,766	2,788	140	1,342	1,489	8,057	1,812
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,551	-15,651	-2,951	14,766	2,788	140	1,342	1,489	8,057	1,812
Employee Costs	69,206	80,749	77,938	66,843	14,301	22,437	25,460	23,368	30,402	22,405
Number Of Employees	5	5	5	5	1	1	1	1	1	1
EBITDA*	-4,551	-15,651	-2,951	18,230	3,442	173	1,650	4,181	12,948	5,624

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014
Tangible Assets	26,446	34,584	42,068	24,259	9,242	8,106	8,980	9,253	11,609	13,333
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	26,446	34,584	42,068	24,259	9,242	8,106	8,980	9,253	11,609	13,333
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	14,160	4,701	6,450	52,684	14,192	6,528	18,291	10,038	0	2,130
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	5,713	9,122	987
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	14,160	4,701	6,450	52,684	14,192	6,528	18,291	15,751	9,122	3,117
total assets	40,606	39,285	48,518	76,943	23,434	14,634	27,271	25,004	20,731	16,450
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	33,365	27,493	21,075	46,549	7,806	1,794	14,471	13,546	10,762	14,538
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	33,365	27,493	21,075	46,549	7,806	1,794	14,471	13,546	10,762	14,538
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0
total liabilities	33,365	27,493	21,075	46,549	7,806	1,794	14,471	13,546	10,762	14,538
net assets	7,241	11,792	27,443	30,394	15,628	12,840	12,800	11,458	9,969	1,912
total shareholders funds	7,241	11,792	27,443	30,394	15,628	12,840	12,800	11,458	9,969	1,912

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014
Operating Activities
Operating Profit	-4,551	-15,651	-2,951	18,230	3,442	173	1,650	1,824	10,046	2,291
Depreciation	0	0	0	0	0	0	0	2,357	2,902	3,333
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-3,464	-654	-33	-315	-372	-2,014	-482
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	9,459	-1,749	-46,234	38,492	7,664	-11,763	8,253	10,038	-2,130	2,130
Creditors	5,872	6,418	-25,474	38,743	6,012	-12,677	925	2,784	-3,776	14,538
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-8,138	-7,484	17,809	15,017	1,136	-774	-5,993	-3,445	9,288	17,550
Investing Activities
capital expenditure	8,138	7,484	-17,809	-15,017	-1,136	874	273	-1	-1,178	-16,666
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	8,138	7,484	-17,809	-15,017	-1,136	874	273	-1	-1,178	-16,666
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	7	37	25	2
cash flow from financing	0	0	0	0	0	-100	7	37	25	102
cash and cash equivalents
cash	0	0	0	0	0	0	-5,713	-3,409	8,135	987
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-5,713	-3,409	8,135	987

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for nextin accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in B 8 area or any other competitors across 12 key performance metrics.

NEXTIN ACCOUNTANTS LTD group structure

Nextin Accountants Ltd has no subsidiary companies.

Ultimate parent company

NEXTIN ACCOUNTANTS LTD

08538583

NEXTIN ACCOUNTANTS LTD Shareholders

naz syed farrukh	51%
nadeem umer	49%

Nextin Accountants Ltd currently has 2 directors. The longest serving directors include Mr Nadeem Umer (May 2013) and Mr Syed Naz (Mar 2022).

officer	country	age	start	end	role
Mr Nadeem Umer	England	48 years	May 2013	-	Director
Mr Syed Naz	United Kingdom	48 years	Mar 2022	-	Director

P&L

May 2023

turnover

66.4k

+50%

operating profit

-4.6k

gross margin

41.3%

+6.97%

turnover

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

Balance Sheet

May 2023

net assets

7.2k

-0.39%

total assets

40.6k

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

08538583

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

May 2013

ultimate parent company

None

previous names

ruhaan & co accountants limited (March 2022)

address

38p alum rock road, birmingham, B8 1JA

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 nextin accountants ltd.

nextin accountants ltd Company Information

nextin accountants ltd Estimated Valuation

nextin accountants ltd Estimated Valuation

nextin accountants ltd Estimated Valuation

Nextin Accountants Ltd Overview

Nextin Accountants Ltd Health Check

NEXTIN ACCOUNTANTS LTD financials

nextin accountants ltd Credit Report and Business Information

Nextin Accountants Ltd Competitor Analysis

nextin accountants ltd Ownership

nextin accountants ltd directors

nextin accountants ltd company details

nextin accountants ltd Charges & Mortgages

nextin accountants ltd Companies House Filings - See Documents