versa accountants ltd
versa accountants ltd Company Information
Company Number
08748886
Next Accounts
Jan 2025
Industry
Accounting, and auditing activities
Shareholders
albert steven turner
jamie duncan mcgilvray
View AllGroup Structure
View All
Contact
Registered Address
c/o thornton ones ltd, 311 high road, loughton, essex, IG10 1AH
Website
versaaccountants.co.ukversa accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of VERSA ACCOUNTANTS LTD at £853k based on a Turnover of £921.2k and 0.93x industry multiple (adjusted for size and gross margin).
versa accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of VERSA ACCOUNTANTS LTD at £0 based on an EBITDA of £-28.2k and a 6.16x industry multiple (adjusted for size and gross margin).
versa accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of VERSA ACCOUNTANTS LTD at £269.8k based on Net Assets of £89.7k and 3.01x industry multiple (adjusted for liquidity).
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Versa Accountants Ltd Overview
Versa Accountants Ltd is a live company located in loughton, IG10 1AH 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 £921.2k with declining growth in recent years.
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Versa Accountants Ltd Health Check
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
2 Strong
4 Regular
6 Weak
Size
annual sales of £921.2k, make it larger than the average company (£217.6k)
- Versa Accountants Ltd
£217.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.4%)
- Versa Accountants Ltd
6.4% - Industry AVG
Production
with a gross margin of 92.1%, this company has a comparable cost of product (92.1%)
- Versa Accountants Ltd
92.1% - Industry AVG
Profitability
an operating margin of -12.4% make it less profitable than the average company (14.1%)
- 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 £34.5k, the company has an equivalent pay structure (£34.5k)
- Versa Accountants Ltd
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £76.8k, this is equally as efficient (£77.4k)
- Versa Accountants Ltd
£77.4k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is near the average (76 days)
- Versa Accountants Ltd
76 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (28 days)
- Versa Accountants Ltd
28 days - Industry AVG
Stock Days
it holds stock equivalent to 873 days, this is more than average (84 days)
- Versa Accountants Ltd
84 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 (50.9%)
95.3% - Versa Accountants Ltd
50.9% - Industry AVG
VERSA ACCOUNTANTS LTD financials
Versa Accountants Ltd's latest turnover from April 2023 is estimated at £921.2 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 | |||||||||
| 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 | 12 | 10 | 10 | 10 | |||||
| EBITDA* |
* 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 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 205,991 | 390,735 | 226,574 | 274,503 | 532,228 | 261,514 | 22,650 | 4,565 | 0 |
| Group Debtors | 450,547 | 574,301 | 742,955 | 598,168 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 534,421 | 40,911 | 130,206 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 42,044 | 98,530 | 7,226 | 8,636 | 0 | 0 | 0 | 4,915 | 15,906 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,724 | 53,941 | 71,538 | 6,946 | 713,119 | 167,561 | 24,811 | 0 | 0 |
| Group/Directors Accounts | 3,439 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,778,722 | 1,212,759 | 983,049 | 1,084,861 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,821,352 | 1,287,645 | 1,070,699 | 1,109,956 | 713,119 | 167,561 | 24,811 | 0 | 0 |
| loans | 0 | 0 | 198,748 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 276,513 | 309,614 | 0 | 0 | 0 | 0 | 8,076 | 16,108 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 276,513 | 508,362 | 0 | 0 | 0 | 0 | 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 | |||||||||
| Depreciation | 15,050 | 17,511 | 19,967 | 542 | 638 | ||||
| Amortisation | 71,385 | 71,385 | 56,385 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | 99,547 | 60,953 | 0 | 14,500 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 185,012 | -93,788 | 227,064 | 340,443 | 270,714 | 261,514 | 18,085 | 4,565 | 0 |
| Creditors | -51,217 | -17,597 | 64,592 | -706,173 | 545,558 | 167,561 | 24,811 | 0 | 0 |
| Accruals and Deferred Income | 565,963 | 229,710 | -101,812 | 1,084,861 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,439 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -198,748 | 198,748 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -276,513 | -33,101 | 309,614 | 0 | 0 | 0 | -8,076 | -8,032 | 16,108 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -56,486 | 91,304 | -1,410 | 8,636 | 0 | 0 | -4,915 | -10,991 | 15,906 |
| overdraft | 15,522 | 4,833 | -2,037 | 18,149 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -72,008 | 86,471 | 627 | -9,513 | 0 | 0 | -4,915 | -10,991 | 15,906 |
versa accountants ltd Credit Report and Business Information
Versa Accountants Ltd Competitor Analysis
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 IG10 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 directors
Versa Accountants Ltd currently has 4 directors. The longest serving directors include Mr Albert Turner (Oct 2013) and Mr Jamie McGilvray (Oct 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Albert Turner | United Kingdom | 54 years | Oct 2013 | - | Director |
| Mr Jamie McGilvray | England | 41 years | Oct 2013 | - | Director |
| Ms Ling Su | England | 34 years | Jul 2019 | - | Director |
| Mr Zihao Shao | United Kingdom | 33 years | Sep 2019 | - | Director |
P&L
April 2023turnover
921.2k
-31%
operating profit
-114.6k
0%
gross margin
92.1%
+7.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
89.7k
-0.56%
total assets
1.9m
+0.08%
cash
42k
-0.57%
net assets
Total assets minus all liabilities
versa accountants ltd company details
company number
08748886
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
October 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
berkeley accountants & tax advisers ltd (November 2018)
berkeley accountants & tax advisors ltd (February 2014)
accountant
-
auditor
-
address
c/o thornton ones ltd, 311 high road, loughton, essex, IG10 1AH
Bank
-
Legal Advisor
-
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 ltd Companies House Filings - See Documents
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