research & development tax solutions limited
research & development tax solutions limited Company Information
Company Number
09357045
Next Accounts
Sep 2025
Shareholders
research & development tax solutions (holdings) limited
Group Structure
View All
Industry
Tax consultancy
Registered Address
100 liverpool street, london, EC2M 2AT
research & development tax solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED at £7.2m based on a Turnover of £7m and 1.04x industry multiple (adjusted for size and gross margin).
research & development tax solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED at £0 based on an EBITDA of £-7.9m and a 7.09x industry multiple (adjusted for size and gross margin).
research & development tax solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED at £0 based on Net Assets of £-1.7m and 4.19x industry multiple (adjusted for liquidity).
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Research & Development Tax Solutions Limited Overview
Research & Development Tax Solutions Limited is a live company located in london, EC2M 2AT with a Companies House number of 09357045. It operates in the tax consultancy sector, SIC Code 69203. Founded in December 2014, it's largest shareholder is research & development tax solutions (holdings) limited with a 100% stake. Research & Development Tax Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £7m with declining growth in recent years.
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Research & Development Tax Solutions Limited Health Check
Pomanda's financial health check has awarded Research & Development Tax Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £7m, make it larger than the average company (£440.9k)
£7m - Research & Development Tax Solutions Limited
£440.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5.4%)
-12% - Research & Development Tax Solutions Limited
5.4% - Industry AVG
Production
with a gross margin of 79.6%, this company has a comparable cost of product (81.9%)
79.6% - Research & Development Tax Solutions Limited
81.9% - Industry AVG
Profitability
an operating margin of -117.5% make it less profitable than the average company (6.2%)
-117.5% - Research & Development Tax Solutions Limited
6.2% - Industry AVG
Employees
with 125 employees, this is above the industry average (7)
125 - Research & Development Tax Solutions Limited
7 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has an equivalent pay structure (£52.4k)
£49.6k - Research & Development Tax Solutions Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £55.8k, this is less efficient (£87.7k)
£55.8k - Research & Development Tax Solutions Limited
£87.7k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is near the average (88 days)
95 days - Research & Development Tax Solutions Limited
88 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (33 days)
61 days - Research & Development Tax Solutions Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Research & Development Tax Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (20 weeks)
3 weeks - Research & Development Tax Solutions Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.1%, this is a higher level of debt than the average (54.9%)
112.1% - Research & Development Tax Solutions Limited
54.9% - Industry AVG
RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED financials
Research & Development Tax Solutions Limited's latest turnover from December 2023 is £7 million and the company has net assets of -£1.7 million. According to their latest financial statements, Research & Development Tax Solutions Limited has 125 employees and maintains cash reserves of £950 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,973,187 | 8,241,159 | 11,772,794 | 14,304,722 | 10,298,773 | |||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 1,425,434 | 2,423,905 | 4,305,121 | 5,398,639 | 3,679,974 | |||||
| Gross Profit | 5,547,753 | 5,817,254 | 7,467,673 | 8,906,083 | 6,618,799 | |||||
| Admin Expenses | 13,741,917 | 6,933,098 | 6,140,716 | 6,182,252 | 5,141,600 | |||||
| Operating Profit | -8,194,164 | -1,115,844 | 1,326,957 | 2,723,831 | 1,477,199 | |||||
| Interest Payable | 30,260 | 37,650 | 55,893 | 68,619 | 183,739 | |||||
| Interest Receivable | 13,492 | 1,793 | 58 | 1,496 | 5,493 | |||||
| Pre-Tax Profit | -8,210,932 | -1,232,316 | 1,271,122 | 2,656,708 | 1,298,953 | |||||
| Tax | 294 | 180,865 | -236,423 | -498,291 | -240,965 | |||||
| Profit After Tax | -8,210,638 | -1,051,451 | 1,034,699 | 2,158,417 | 1,057,988 | |||||
| Dividends Paid | ||||||||||
| Retained Profit | -8,210,638 | -1,051,451 | 1,034,699 | 2,158,417 | 1,057,988 | |||||
| Employee Costs | 6,203,651 | 3,140,149 | 2,289,719 | 2,214,397 | 1,814,502 | |||||
| Number Of Employees | 125 | 100 | 67 | 52 | 42 | 38 | 28 | 28 | 14 | |
| EBITDA* | -7,941,813 | -1,032,557 | 1,400,113 | 2,795,307 | 1,523,235 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 105,385 | 137,025 | 122,691 | 210,262 | 276,539 | 9,501 | 21,092 | 33,709 | 24,134 | 11,473 |
| Intangible Assets | 1,162,798 | 668,721 | 383,543 | |||||||
| Investments & Other | 4,649,541 | 5,665,669 | 2,886,172 | 2,039,000 | 1,185,000 | 935,000 | 655,000 | |||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 5,917,724 | 6,471,415 | 3,392,406 | 2,249,262 | 1,461,539 | 944,501 | 676,092 | 33,709 | 24,134 | 11,473 |
| Stock & work in progress | ||||||||||
| Trade Debtors | 1,831,003 | 1,323,255 | 1,688,779 | 461,653 | 584,059 | 1,139,385 | 1,848,680 | 872,505 | 1,007,611 | 51,448 |
| Group Debtors | 3,905,360 | 7,199,989 | 7,895,545 | 6,691,158 | 4,755,227 | 3,155,609 | 2,180,843 | 1,237,544 | ||
| Misc Debtors | 1,780,171 | 3,682,900 | 4,104,774 | 4,765,921 | 2,878,522 | 2,233,097 | 34,280 | 28,390 | 523,526 | |
| Cash | 949,960 | 685,601 | 170,583 | 1,462,584 | 1,507,172 | 51,716 | 210,616 | 310,819 | 81,026 | 249,585 |
| misc current assets | 12,077 | |||||||||
| total current assets | 8,466,494 | 12,903,822 | 13,859,681 | 13,381,316 | 9,724,980 | 6,579,807 | 4,274,419 | 2,449,258 | 1,612,163 | 301,033 |
| total assets | 14,384,218 | 19,375,237 | 17,252,087 | 15,630,578 | 11,186,519 | 7,524,308 | 4,950,511 | 2,482,967 | 1,636,297 | 312,506 |
| Bank overdraft | 1,276,655 | 1,481,828 | 642,192 | 232,024 | ||||||
| Bank loan | 7,906 | |||||||||
| Trade Creditors | 241,446 | 108,941 | 46,994 | 70,693 | 93,324 | 57,739 | 80,489 | 61,000 | 113,832 | 226,593 |
| Group/Directors Accounts | 12,805,675 | 7,813,778 | 6,258,369 | 4,815,084 | 2,570,662 | 829,391 | 651,306 | 157,147 | 141,652 | |
| other short term finances | ||||||||||
| hp & lease commitments | 8,573 | 95,100 | 48,704 | 45,106 | 41,778 | |||||
| other current liabilities | 3,053,431 | 5,211,003 | 3,580,652 | 4,475,443 | 3,136,560 | 2,377,427 | 1,499,507 | 889,648 | 670,204 | |
| total current liabilities | 16,109,125 | 13,228,822 | 9,934,719 | 9,414,232 | 7,118,979 | 4,746,385 | 2,873,494 | 1,339,819 | 925,688 | 226,593 |
| loans | 42,094 | 160,165 | ||||||||
| hp & lease commitments | 6,868 | 125,114 | 172,895 | 218,001 | ||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 4,398 | 5,612 | 8,802 | 15,401 | 1,773 | 4,007 | 6,404 | 4,826 | 2,070 | |
| total long term liabilities | 11,266 | 5,612 | 125,114 | 223,791 | 233,402 | 1,773 | 164,172 | 6,404 | 4,826 | 2,070 |
| total liabilities | 16,120,391 | 13,234,434 | 10,059,833 | 9,638,023 | 7,352,381 | 4,748,158 | 3,037,666 | 1,346,223 | 930,514 | 228,663 |
| net assets | -1,736,173 | 6,140,803 | 7,192,254 | 5,992,555 | 3,834,138 | 2,776,150 | 1,912,845 | 1,136,744 | 705,783 | 83,843 |
| total shareholders funds | -1,736,173 | 6,140,803 | 7,192,254 | 5,992,555 | 3,834,138 | 2,776,150 | 1,912,845 | 1,136,744 | 705,783 | 83,843 |
| Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -8,194,164 | -1,115,844 | 1,326,957 | 2,723,831 | 1,477,199 | |||||
| Depreciation | 40,832 | 33,465 | 52,970 | 71,476 | 46,036 | 13,578 | 19,439 | 15,543 | 8,580 | 1,008 |
| Amortisation | 211,519 | 49,822 | 20,186 | |||||||
| Tax | 294 | 180,865 | -236,423 | -498,291 | -240,965 | |||||
| Stock | ||||||||||
| Debtors | -4,689,610 | 287,412 | 1,770,366 | 3,700,924 | 1,689,717 | 2,464,288 | 1,925,364 | 607,302 | 1,479,689 | 51,448 |
| Creditors | 132,505 | 38,248 | -23,699 | -22,631 | 35,585 | -22,750 | 19,489 | -52,832 | -112,761 | 226,593 |
| Accruals and Deferred Income | -2,157,572 | 735,560 | -894,791 | 1,338,883 | 759,133 | 877,920 | 609,859 | 219,444 | 670,204 | |
| Deferred Taxes & Provisions | -1,214 | -3,190 | -8,802 | -6,599 | 13,628 | -2,234 | -2,397 | 1,578 | 2,756 | 2,070 |
| Cash flow from operations | -5,278,190 | -368,486 | -1,533,968 | -94,255 | 400,899 | |||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -1,016,128 | 3,626,669 | 847,172 | 854,000 | 250,000 | 280,000 | 655,000 | |||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | -7,906 | -7,906 | 7,906 | |||||||
| Group/Directors Accounts | 4,991,897 | 2,998,694 | 1,443,285 | 2,244,422 | 1,741,271 | 178,085 | 494,159 | 15,495 | 141,652 | |
| Other Short Term Loans | ||||||||||
| Long term loans | -42,094 | -42,094 | 42,094 | -160,165 | 160,165 | |||||
| Hire Purchase and Lease Commitments | -79,659 | -122,901 | -44,183 | -41,778 | 259,779 | |||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -16,768 | -35,857 | -55,835 | -67,123 | -178,246 | |||||
| cash flow from financing | 5,229,132 | 3,989,635 | 1,458,267 | 2,185,521 | 1,822,804 | |||||
| cash and cash equivalents | ||||||||||
| cash | 264,359 | -776,983 | -1,292,001 | -44,588 | 1,455,456 | -158,900 | -100,203 | 229,793 | -168,559 | 249,585 |
| overdraft | -1,276,655 | -205,173 | 839,636 | 410,168 | 232,024 | |||||
| change in cash | 264,359 | -776,983 | -1,292,001 | 1,232,067 | 1,660,629 | -998,536 | -510,371 | -2,231 | -168,559 | 249,585 |
research & development tax solutions limited Credit Report and Business Information
Research & Development Tax Solutions Limited Competitor Analysis
Perform a competitor analysis for research & development tax solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in EC2M area or any other competitors across 12 key performance metrics.
research & development tax solutions limited Ownership
RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED group structure
Research & Development Tax Solutions Limited has 5 subsidiary companies.
Ultimate parent company
RYAN NL COOPERATIVIE UA
#0103916
2 parents
RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED
09357045
5 subsidiaries
research & development tax solutions limited directors
Research & Development Tax Solutions Limited currently has 3 directors. The longest serving directors include Mr Jon Sweet (Feb 2022) and Mr George Ryan (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jon Sweet | England | 58 years | Feb 2022 | - | Director |
| Mr George Ryan | England | 61 years | Feb 2022 | - | Director |
| Mr Thomas Shave | United Kingdom | 42 years | Jan 2025 | - | Director |
P&L
December 2023turnover
7m
-15%
operating profit
-8.2m
+634%
gross margin
79.6%
+12.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.7m
-1.28%
total assets
14.4m
-0.26%
cash
950k
+0.39%
net assets
Total assets minus all liabilities
research & development tax solutions limited company details
company number
09357045
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
December 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
100 liverpool street, london, EC2M 2AT
Bank
-
Legal Advisor
-
research & development tax solutions limited 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 6 charges/mortgages relating to research & development tax solutions limited. Currently there are 0 open charges and 6 have been satisfied in the past.
research & development tax solutions limited 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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research & development tax solutions limited Companies House Filings - See Documents
| date | description | view/download |
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