prosperity accountants ltd.
prosperity accountants ltd. Company Information
Company Number
09351496
Next Accounts
3 days late
Industry
Accounting, and auditing activities
Directors
Shareholders
sam bhatti
Group Structure
View All
Contact
Registered Address
22 langley high street, oldbury, west midlands, B69 4SL
Website
www.prosperityaccountants.ukprosperity accountants ltd. Estimated Valuation
Pomanda estimates the enterprise value of PROSPERITY ACCOUNTANTS LTD. at £42.8k based on a Turnover of £59.9k and 0.71x industry multiple (adjusted for size and gross margin).
prosperity accountants ltd. Estimated Valuation
Pomanda estimates the enterprise value of PROSPERITY ACCOUNTANTS LTD. at £1.3k based on an EBITDA of £266 and a 4.75x industry multiple (adjusted for size and gross margin).
prosperity accountants ltd. Estimated Valuation
Pomanda estimates the enterprise value of PROSPERITY ACCOUNTANTS LTD. at £1.9k based on Net Assets of £646 and 3.01x industry multiple (adjusted for liquidity).
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Prosperity Accountants Ltd. Overview
Prosperity Accountants Ltd. is a live company located in west midlands, B69 4SL with a Companies House number of 09351496. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 2014, it's largest shareholder is sam bhatti with a 100% stake. Prosperity Accountants Ltd. is a established, micro sized company, Pomanda has estimated its turnover at £59.9k with rapid growth in recent years.
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Prosperity Accountants Ltd. Health Check
Pomanda's financial health check has awarded Prosperity Accountants Ltd. a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £59.9k, make it smaller than the average company (£211.6k)
- Prosperity Accountants Ltd.
£211.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (6.3%)
- Prosperity Accountants Ltd.
6.3% - Industry AVG
Production
with a gross margin of 51.4%, this company has a higher cost of product (88.4%)
- Prosperity Accountants Ltd.
88.4% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (13.7%)
- Prosperity Accountants Ltd.
13.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Prosperity Accountants Ltd.
3 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Prosperity Accountants Ltd.
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £30k, this is less efficient (£75k)
- Prosperity Accountants Ltd.
£75k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (80 days)
- Prosperity Accountants Ltd.
80 days - Industry AVG
Creditor Days
its suppliers are paid after 255 days, this is slower than average (27 days)
- Prosperity Accountants Ltd.
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prosperity Accountants Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prosperity Accountants Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.9%, this is a higher level of debt than the average (50.8%)
96.9% - Prosperity Accountants Ltd.
50.8% - Industry AVG
PROSPERITY ACCOUNTANTS LTD. financials
Prosperity Accountants Ltd.'s latest turnover from March 2023 is estimated at £59.9 thousand and the company has net assets of £646. According to their latest financial statements, Prosperity Accountants Ltd. has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 517 | 719 | 921 | 792 | 1,270 | 1,748 | 568 | 570 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 517 | 719 | 921 | 792 | 1,270 | 1,748 | 568 | 570 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 20,571 | 26,563 | 20,468 | 7,007 | 8,978 | 4,753 | 10,135 | 3,449 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,571 | 26,563 | 20,468 | 7,007 | 8,978 | 4,753 | 10,135 | 3,496 |
| total assets | 21,088 | 27,282 | 21,389 | 7,799 | 10,248 | 6,501 | 10,703 | 4,066 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,442 | 15,461 | 8,939 | 7,187 | 9,221 | 5,365 | 4,586 | 2,860 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 20,442 | 15,461 | 8,939 | 7,187 | 9,221 | 5,365 | 4,586 | 2,860 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 11,391 | 12,186 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 11,391 | 12,186 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 20,442 | 26,852 | 21,125 | 7,187 | 9,221 | 5,365 | 4,586 | 2,860 |
| net assets | 646 | 430 | 264 | 612 | 1,027 | 1,136 | 6,117 | 1,206 |
| total shareholders funds | 646 | 430 | 264 | 612 | 1,027 | 1,136 | 6,117 | 1,206 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | ||||||||
| Amortisation | 0 | |||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,992 | 6,095 | 13,461 | -1,971 | 4,225 | -5,382 | 6,686 | 3,449 |
| Creditors | 4,981 | 6,522 | 1,752 | -2,034 | 3,856 | 779 | 1,726 | 2,860 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -11,391 | -795 | 12,186 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -47 | 47 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -47 | 47 |
prosperity accountants ltd. Credit Report and Business Information
Prosperity Accountants Ltd. Competitor Analysis
Perform a competitor analysis for prosperity accountants ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in B69 area or any other competitors across 12 key performance metrics.
prosperity accountants ltd. Ownership
PROSPERITY ACCOUNTANTS LTD. group structure
Prosperity Accountants Ltd. has no subsidiary companies.
Ultimate parent company
PROSPERITY ACCOUNTANTS LTD.
09351496
prosperity accountants ltd. directors
Prosperity Accountants Ltd. currently has 1 director, Mr Sam Bhatti serving since Dec 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sam Bhatti | 45 years | Dec 2014 | - | Director |
P&L
March 2023turnover
59.9k
-8%
operating profit
266.7
0%
gross margin
51.4%
-0.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
646
+0.5%
total assets
21.1k
-0.23%
cash
0
0%
net assets
Total assets minus all liabilities
prosperity accountants ltd. company details
company number
09351496
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
December 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
22 langley high street, oldbury, west midlands, B69 4SL
Bank
-
Legal Advisor
-
prosperity 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 did not find charges/mortgages relating to prosperity accountants ltd..
prosperity 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 PROSPERITY ACCOUNTANTS LTD.. This can take several minutes, an email will notify you when this has completed.
prosperity accountants ltd. Companies House Filings - See Documents
| date | description | view/download |
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