the institute of financial accountants
the institute of financial accountants Company Information
Company Number
09350923
Next Accounts
Mar 2026
Shareholders
-
Group Structure
View All
Industry
Activities of professional membership organisations
Registered Address
cs1.11 clerkenwell workshops, 27-31 clerkenwell close, farringdon, EC1R 0AT
Website
http://ifa.org.ukthe institute of financial accountants Estimated Valuation
Pomanda estimates the enterprise value of THE INSTITUTE OF FINANCIAL ACCOUNTANTS at £1.5m based on a Turnover of £2.5m and 0.59x industry multiple (adjusted for size and gross margin).
the institute of financial accountants Estimated Valuation
Pomanda estimates the enterprise value of THE INSTITUTE OF FINANCIAL ACCOUNTANTS at £429.1k based on an EBITDA of £136.8k and a 3.14x industry multiple (adjusted for size and gross margin).
the institute of financial accountants Estimated Valuation
Pomanda estimates the enterprise value of THE INSTITUTE OF FINANCIAL ACCOUNTANTS at £1.4m based on Net Assets of £575.2k and 2.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Institute Of Financial Accountants Overview
The Institute Of Financial Accountants is a live company located in farringdon, EC1R 0AT with a Companies House number of 09350923. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in December 2014, it's largest shareholder is unknown. The Institute Of Financial Accountants is a established, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.
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The Institute Of Financial Accountants Health Check
Pomanda's financial health check has awarded The Institute Of Financial Accountants a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£837.1k)
£2.5m - The Institute Of Financial Accountants
£837.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (10%)
1% - The Institute Of Financial Accountants
10% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (69.5%)
100% - The Institute Of Financial Accountants
69.5% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (1.1%)
-2.7% - The Institute Of Financial Accountants
1.1% - Industry AVG
Employees
with 26 employees, this is above the industry average (12)
26 - The Institute Of Financial Accountants
12 - Industry AVG
Pay Structure
on an average salary of £51k, the company has an equivalent pay structure (£50.1k)
£51k - The Institute Of Financial Accountants
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £97.7k, this is equally as efficient (£111.2k)
£97.7k - The Institute Of Financial Accountants
£111.2k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (23 days)
6 days - The Institute Of Financial Accountants
23 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Institute Of Financial Accountants
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Institute Of Financial Accountants
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (94 weeks)
26 weeks - The Institute Of Financial Accountants
94 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.5%, this is a higher level of debt than the average (26.4%)
71.5% - The Institute Of Financial Accountants
26.4% - Industry AVG
THE INSTITUTE OF FINANCIAL ACCOUNTANTS financials
The Institute Of Financial Accountants's latest turnover from June 2024 is £2.5 million and the company has net assets of £575.2 thousand. According to their latest financial statements, The Institute Of Financial Accountants has 26 employees and maintains cash reserves of £733.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,538,990 | 2,431,821 | 2,408,605 | 2,461,316 | 2,212,345 | 1,917,634 | 1,626,780 | 1,543,020 | 1,392,883 | 720,877 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 125 | |||||||||
| Gross Profit | 2,538,990 | 2,431,821 | 2,408,605 | 2,461,316 | 2,212,345 | 1,917,634 | 1,626,780 | 1,543,020 | 720,752 | |
| Admin Expenses | 2,606,879 | 2,427,965 | 2,112,699 | 2,075,554 | 1,471,360 | 925,822 | ||||
| Operating Profit | -67,889 | 3,856 | 295,906 | 385,762 | 71,660 | -14,788 | -205,070 | |||
| Interest Payable | 13,453 | 5,068 | 13,676 | 251 | 1,329 | |||||
| Interest Receivable | 8,677 | 340 | 15 | 35 | 129 | |||||
| Pre-Tax Profit | -72,665 | -872 | 282,245 | 385,546 | 91,471 | -6,425 | 147,793 | 58,620 | -26,530 | -207,520 |
| Tax | 23,115 | -6,894 | -29,422 | -40,570 | 6,611 | -4 | -6,607 | |||
| Profit After Tax | -49,550 | -7,766 | 252,823 | 344,976 | 98,082 | -6,429 | 141,186 | 58,620 | -26,530 | -207,520 |
| Dividends Paid | ||||||||||
| Retained Profit | -49,550 | -7,766 | 252,823 | 344,976 | 98,082 | -6,429 | 141,186 | 58,620 | -26,530 | -207,520 |
| Employee Costs | 1,326,968 | 1,322,638 | 1,188,477 | 1,101,579 | 992,365 | 794,873 | 630,194 | 556,232 | 572,014 | 380,639 |
| Number Of Employees | 26 | 27 | 26 | 25 | 21 | 16 | 12 | 12 | 11 | |
| EBITDA* | 136,785 | 125,415 | 425,363 | 521,437 | 96,157 | 26,638 | -187,869 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 38,990 | 22,304 | 139,132 | 245,117 | 88,560 | 280,742 | 69,422 | 13,805 | 17,354 | 26,005 |
| Intangible Assets | 252,981 | 162,733 | 157,668 | 166,579 | 175,490 | 184,401 | 184,401 | 191,620 | 206,019 | 231,704 |
| Investments & Other | 39,564 | 39,564 | ||||||||
| Debtors (Due After 1 year) | 17,573 | |||||||||
| Total Fixed Assets | 291,971 | 185,037 | 296,800 | 411,696 | 264,050 | 465,143 | 253,823 | 205,425 | 223,373 | 257,709 |
| Stock & work in progress | ||||||||||
| Trade Debtors | 47,607 | 34,360 | 46,095 | 23,305 | 34,731 | 171,406 | 214,703 | 24,304 | 50,328 | 77,794 |
| Group Debtors | ||||||||||
| Misc Debtors | 183,979 | 118,998 | 145,314 | 116,899 | 182,576 | 37,334 | ||||
| Cash | 733,178 | 1,594,495 | 1,581,102 | 1,300,845 | 837,976 | 904,308 | 689,675 | 580,708 | 340,707 | 121,118 |
| misc current assets | 761,022 | 207,768 | 271,738 | 156,491 | ||||||
| total current assets | 1,725,786 | 1,747,853 | 1,772,511 | 1,441,049 | 1,055,283 | 1,075,714 | 904,378 | 812,780 | 662,773 | 392,737 |
| total assets | 2,017,757 | 1,932,890 | 2,069,311 | 1,852,745 | 1,319,333 | 1,540,857 | 1,158,201 | 1,018,205 | 886,146 | 650,446 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 70,638 | 84,303 | 95,878 | 75,852 | 82,912 | 133,340 | 937,814 | 90,396 | 107,236 | 158,520 |
| Group/Directors Accounts | ||||||||||
| other short term finances | 213,024 | 56,063 | ||||||||
| hp & lease commitments | 113,778 | 10,958 | 122,283 | 107,698 | 48,664 | |||||
| other current liabilities | 1,257,795 | 1,212,888 | 1,207,685 | 1,156,270 | 1,153,048 | 1,094,821 | 737,297 | 646,570 | 699,446 | |
| total current liabilities | 1,442,211 | 1,308,149 | 1,425,846 | 1,339,820 | 1,284,624 | 1,441,185 | 993,877 | 827,693 | 753,806 | 857,966 |
| loans | 710 | 21,916 | 266,482 | 312,864 | 388,714 | 731,884 | 732,780 | |||
| hp & lease commitments | 355 | 10,958 | 133,241 | 48,664 | ||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 13,222 | 8,422 | ||||||||
| total long term liabilities | 355 | 10,958 | 133,241 | 163,043 | 198,568 | 365,942 | 366,390 | |||
| total liabilities | 1,442,566 | 1,308,149 | 1,436,804 | 1,473,061 | 1,284,624 | 1,604,228 | 1,192,445 | 1,193,635 | 1,120,196 | 857,966 |
| net assets | 575,191 | 624,741 | 632,507 | 379,684 | 34,709 | -63,371 | -34,244 | -175,430 | -234,050 | -207,520 |
| total shareholders funds | 575,191 | 624,741 | 632,507 | 379,684 | 34,709 | -63,371 | -34,244 | -175,430 | -234,050 | -207,520 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -67,889 | 3,856 | 295,906 | 385,762 | 71,660 | -14,788 | -205,070 | |||
| Depreciation | 195,765 | 112,650 | 120,546 | 126,764 | 165,088 | 155,187 | 13,511 | 10,098 | 15,741 | 8,284 |
| Amortisation | 8,909 | 8,909 | 8,911 | 8,911 | 8,911 | 7,219 | 14,399 | 14,399 | 25,685 | 8,917 |
| Tax | 23,115 | -6,894 | -29,422 | -40,570 | 6,611 | -4 | -6,607 | |||
| Stock | ||||||||||
| Debtors | 95,801 | -38,051 | 51,205 | -77,103 | 45,901 | -43,297 | 190,399 | -26,024 | -64,800 | 115,128 |
| Creditors | -13,665 | -11,575 | 20,026 | -7,060 | -50,428 | -804,474 | 847,418 | -16,840 | -51,284 | 158,520 |
| Accruals and Deferred Income | 44,907 | 5,203 | 51,415 | 3,222 | 58,227 | 1,094,821 | -737,297 | 90,727 | -52,876 | 699,446 |
| Deferred Taxes & Provisions | -13,222 | 4,800 | 8,422 | |||||||
| Cash flow from operations | 95,341 | 150,200 | 416,177 | 554,132 | 196,068 | -12,722 | 554,969 | |||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -39,564 | 39,564 | ||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | -213,024 | 156,961 | 56,063 | |||||||
| Long term loans | 710 | -21,916 | -244,566 | 266,482 | -312,864 | -75,850 | -343,170 | -896 | 732,780 | |
| Hire Purchase and Lease Commitments | 103,175 | -122,283 | -107,698 | 192,275 | 48,664 | |||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -4,776 | -4,728 | -13,661 | -216 | -1,200 | |||||
| cash flow from financing | 99,109 | -148,927 | -365,925 | 458,540 | -527,090 | 107,077 | -287,107 | -896 | 732,780 | |
| cash and cash equivalents | ||||||||||
| cash | -861,317 | 13,393 | 280,257 | 462,869 | -66,332 | 214,633 | 108,967 | 240,001 | 219,589 | 121,118 |
| overdraft | ||||||||||
| change in cash | -861,317 | 13,393 | 280,257 | 462,869 | -66,332 | 214,633 | 108,967 | 240,001 | 219,589 | 121,118 |
the institute of financial accountants Credit Report and Business Information
The Institute Of Financial Accountants Competitor Analysis
Perform a competitor analysis for the institute of financial accountants by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in EC1R area or any other competitors across 12 key performance metrics.
the institute of financial accountants Ownership
THE INSTITUTE OF FINANCIAL ACCOUNTANTS group structure
The Institute Of Financial Accountants has 1 subsidiary company.
Ultimate parent company
THE INSTITUTE OF FINANCIAL ACCOUNTANTS
09350923
1 subsidiary
the institute of financial accountants directors
The Institute Of Financial Accountants currently has 5 directors. The longest serving directors include Mr Andrew Conway (Nov 2016) and Ms Julie Williams (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Conway | England | 44 years | Nov 2016 | - | Director |
| Ms Julie Williams | United Kingdom | 66 years | Nov 2019 | - | Director |
| Mr Michael Colin | United Kingdom | 79 years | Nov 2019 | - | Director |
| Mr Ian Hornsey | United Kingdom | 61 years | Nov 2019 | - | Director |
| Mr Michael Colin | England | 79 years | Nov 2019 | - | Director |
P&L
June 2024turnover
2.5m
+4%
operating profit
-67.9k
-1861%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
575.2k
-0.08%
total assets
2m
+0.04%
cash
733.2k
-0.54%
net assets
Total assets minus all liabilities
the institute of financial accountants company details
company number
09350923
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94120 - Activities of professional membership organisations
incorporation date
December 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2024
previous names
newifa2014 (January 2015)
accountant
-
auditor
JAMES COWPER KRESTON AUDIT
address
cs1.11 clerkenwell workshops, 27-31 clerkenwell close, farringdon, EC1R 0AT
Bank
HSBC BANK PLC
Legal Advisor
-
the institute of financial accountants 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 the institute of financial accountants. Currently there are 2 open charges and 0 have been satisfied in the past.
the institute of financial accountants 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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the institute of financial accountants Companies House Filings - See Documents
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