Pomanda estimates the enterprise value of VERSA ACCOUNTANTS LTD at £943.8k based on a Turnover of £920.9k and 1.02x industry multiple (adjusted for size and gross margin).
versa accountants ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of VERSA ACCOUNTANTS LTD at £0 based on an EBITDA of £-28.2k and a 6.19x industry multiple (adjusted for size and gross margin).
versa accountants ltdEstimated Valuation
£272.2k
Pomanda estimates the enterprise value of VERSA ACCOUNTANTS LTD at £272.2k based on Net Assets of £89.7k and 3.03x industry multiple (adjusted for liquidity).
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Versa Accountants LtdOverview
Versa Accountants Ltd is a live company located in brentwood, CM13 3BE with a Companies House number of 08748886. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in October 2013, it's largest shareholder is
albert steven turner
with a 61.4% stake. Versa Accountants Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£920.9k with
declining
growth in recent years.
Pomanda's financial health check has awarded Versa Accountants Ltd a 2 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 Rating2out of 5
2 Strong
4 Regular
6 Weak
Size
annual sales of £920.9k, make it larger than the average company (£219.8k)
£920.9k - Versa Accountants Ltd
£219.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.8%)
-5% - Versa Accountants Ltd
6.8% - Industry AVG
Production
with a gross margin of 91.7%, this company has a comparable cost of product (91.7%)
91.7% - Versa Accountants Ltd
91.7% - Industry AVG
Profitability
an operating margin of -12.4% make it less profitable than the average company (14.1%)
-12.4% - Versa Accountants Ltd
14.1% - Industry AVG
Employees
with 12 employees, this is above the industry average (3)
12 - Versa Accountants Ltd
3 - Industry AVG
Pay Structure
on an average salary of £35k, the company has an equivalent pay structure (£35k)
£35k - Versa Accountants Ltd
£35k - Industry AVG
Efficiency
resulting in sales per employee of £76.7k, this is equally as efficient (£77.3k)
£76.7k - Versa Accountants Ltd
£77.3k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is near the average (76 days)
81 days - Versa Accountants Ltd
76 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (26 days)
13 days - Versa Accountants Ltd
26 days - Industry AVG
Stock Days
it holds stock equivalent to 838 days, this is more than average (88 days)
838 days - Versa Accountants Ltd
88 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (38 weeks)
1 weeks - Versa Accountants Ltd
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.3%, this is a higher level of debt than the average (50.7%)
95.3% - Versa Accountants Ltd
50.7% - Industry AVG
VERSA ACCOUNTANTS LTD financials
EXPORT
Versa Accountants Ltd's latest turnover from April 2023 is estimated at £920.9 thousand and the company has net assets of £89.7 thousand. According to their latest financial statements, Versa Accountants Ltd has 12 employees and maintains cash reserves of £42 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Oct 2016
Oct 2015
Oct 2014
Turnover
920,884
1,336,844
859,808
1,065,837
2,459,026
1,286,989
140,809
33,435
Other Income Or Grants
Cost Of Sales
76,202
188,348
137,327
35,723
76,243
37,607
8,353
4,224
Gross Profit
844,682
1,148,496
722,481
1,030,113
2,382,783
1,249,382
132,456
29,211
Admin Expenses
959,272
970,479
847,954
1,108,358
2,174,878
1,116,065
136,388
27,933
-4,150
Operating Profit
-114,590
178,017
-125,473
-78,245
207,905
133,317
-3,932
1,278
4,150
Interest Payable
2,942
7,958
7,107
554
Interest Receivable
2,987
397
8
4
6
52
40
Pre-Tax Profit
-114,545
170,456
-132,572
-78,794
207,905
133,317
-3,926
1,330
4,190
Tax
-32,387
-39,502
-25,330
-266
-880
Profit After Tax
-114,545
138,069
-132,572
-78,794
168,403
107,987
-3,926
1,064
3,310
Dividends Paid
Retained Profit
-114,545
138,069
-132,572
-78,794
168,403
107,987
-3,926
1,064
3,310
Employee Costs
419,527
331,148
287,287
283,304
1,220,243
620,028
81,181
27,114
Number Of Employees
12
10
10
10
36
21
3
1
EBITDA*
-28,155
266,913
-49,121
-78,245
207,905
133,317
-3,932
1,820
4,788
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Oct 2016
Oct 2015
Oct 2014
Tangible Assets
85,288
99,227
113,145
25,299
457,281
14,034
2,609
3,070
3,612
Intangible Assets
417,809
489,194
410,579
387,546
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
503,097
588,421
523,724
412,845
457,281
14,034
2,609
3,070
3,612
Stock & work in progress
175,000
75,453
14,500
14,500
Trade Debtors
205,991
390,735
226,574
274,503
532,228
261,514
22,650
4,565
Group Debtors
450,547
574,301
742,955
598,168
Misc Debtors
534,421
40,911
130,206
Cash
42,044
98,530
7,226
8,636
4,915
15,906
misc current assets
total current assets
1,408,003
1,179,930
1,121,461
895,807
532,228
261,514
22,650
9,480
15,906
total assets
1,911,100
1,768,351
1,645,185
1,308,652
989,509
275,548
25,259
12,550
19,518
Bank overdraft
36,467
20,945
16,112
18,149
Bank loan
Trade Creditors
2,724
53,941
71,538
6,946
713,119
167,561
24,811
Group/Directors Accounts
3,439
other short term finances
hp & lease commitments
other current liabilities
1,778,722
1,212,759
983,049
1,084,861
total current liabilities
1,821,352
1,287,645
1,070,699
1,109,956
713,119
167,561
24,811
loans
198,748
hp & lease commitments
Accruals and Deferred Income
other liabilities
276,513
309,614
8,076
16,108
provisions
total long term liabilities
276,513
508,362
8,076
16,108
total liabilities
1,821,352
1,564,158
1,579,061
1,109,956
713,119
167,561
24,811
8,076
16,108
net assets
89,748
204,193
66,124
198,696
276,390
107,987
448
4,474
3,410
total shareholders funds
89,748
204,193
66,124
198,696
276,390
107,987
448
4,474
3,410
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Oct 2016
Oct 2015
Oct 2014
Operating Activities
Operating Profit
-114,590
178,017
-125,473
-78,245
207,905
133,317
-3,932
1,278
4,150
Depreciation
15,050
17,511
19,967
542
638
Amortisation
71,385
71,385
56,385
Tax
-32,387
-39,502
-25,330
-266
-880
Stock
99,547
60,953
14,500
Debtors
185,012
-93,788
227,064
340,443
270,714
261,514
18,085
4,565
Creditors
-51,217
-17,597
64,592
-706,173
545,558
167,561
24,811
Accruals and Deferred Income
565,963
229,710
-101,812
1,084,861
Deferred Taxes & Provisions
Cash flow from operations
202,032
479,474
-313,405
-54,500
443,247
14,034
2,794
-3,011
3,908
Investing Activities
capital expenditure
-1,111
-153,593
-187,231
44,436
-443,247
-14,034
461
-4,250
Change in Investments
cash flow from investments
-1,111
-153,593
-187,231
44,436
-443,247
-14,034
461
-4,250
Financing Activities
Bank loans
Group/Directors Accounts
3,439
Other Short Term Loans
Long term loans
-198,748
198,748
Hire Purchase and Lease Commitments
other long term liabilities
-276,513
-33,101
309,614
-8,076
-8,032
16,108
share issue
100
1,100
-100
100
interest
45
-7,561
-7,099
-550
6
52
40
cash flow from financing
-272,929
-239,410
501,263
550
-8,170
-7,980
16,248
cash and cash equivalents
cash
-56,486
91,304
-1,410
8,636
-4,915
-10,991
15,906
overdraft
15,522
4,833
-2,037
18,149
change in cash
-72,008
86,471
627
-9,513
-4,915
-10,991
15,906
versa accountants ltd 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 versa accountants ltd. Get real-time insights into versa accountants ltd's credit score, group structure and payment trends.
Perform a competitor analysis for versa accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CM13 area or any other competitors across 12 key performance metrics.
versa accountants ltd Ownership
VERSA ACCOUNTANTS LTD group structure
Versa Accountants Ltd has no subsidiary companies.
Ultimate parent company
VERSA ACCOUNTANTS LTD
08748886
VERSA ACCOUNTANTS LTD Shareholders
The largest shareholders in Versa Accountants Ltd include Albert Steven Turner and Jamie Duncan Mcgilvray.
albert steven turner
61.36%
jamie duncan mcgilvray
29.55%
undisclosed
9.09%
versa accountants ltd directors
Versa Accountants Ltd currently has 4 directors.
The longest serving directors include
Mr Jamie McGilvray (Oct 2013) and
Mr Albert Turner (Oct 2013).
frp advisory trading ltd, jupite, warley hill business park, brentwood, essex, CM13 3BE
Bank
-
Legal Advisor
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versa 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 found 2 charges/mortgages relating to versa accountants ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
versa 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.
Click to start generating capital raising & share issue transactions for VERSA ACCOUNTANTS LTD. This can take several minutes, an email will notify you when this has completed.
versa accountants ltdCompanies House Filings - See Documents
