mks accountants limited
mks accountants limited Company Information
Company Number
09472048
Website
www.mksaccountants.co.ukRegistered Address
the fold 114 station road, sidcup, kent, DA15 7AE
Industry
Accounting, and auditing activities
Telephone
02072374725
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mehmet kemal 60%
selin osman 30%
View Allmks accountants limited Estimated Valuation
Pomanda estimates the enterprise value of MKS ACCOUNTANTS LIMITED at £569.2k based on a Turnover of £617.2k and 0.92x industry multiple (adjusted for size and gross margin).
mks accountants limited Estimated Valuation
Pomanda estimates the enterprise value of MKS ACCOUNTANTS LIMITED at £0 based on an EBITDA of £-18.4k and a 5.38x industry multiple (adjusted for size and gross margin).
mks accountants limited Estimated Valuation
Pomanda estimates the enterprise value of MKS ACCOUNTANTS LIMITED at £213.2k based on Net Assets of £115.6k and 1.85x industry multiple (adjusted for liquidity).
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Mks Accountants Limited Overview
Mks Accountants Limited is a live company located in kent, DA15 7AE with a Companies House number of 09472048. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2015, it's largest shareholder is mehmet kemal with a 60% stake. Mks Accountants Limited is a young, small sized company, Pomanda has estimated its turnover at £617.2k with low growth in recent years.
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Mks Accountants Limited Health Check
Pomanda's financial health check has awarded Mks Accountants Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
3 Weak
Size
annual sales of £617.2k, make it larger than the average company (£138.4k)
- Mks Accountants Limited
£138.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.8%)
- Mks Accountants Limited
5.8% - Industry AVG
Production
with a gross margin of 69%, this company has a comparable cost of product (69%)
- Mks Accountants Limited
69% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (15.5%)
- Mks Accountants Limited
15.5% - Industry AVG
Employees
with 11 employees, this is above the industry average (3)
11 - Mks Accountants Limited
3 - Industry AVG
Pay Structure
on an average salary of £20.8k, the company has an equivalent pay structure (£20.8k)
- Mks Accountants Limited
£20.8k - Industry AVG
Efficiency
resulting in sales per employee of £56.1k, this is less efficient (£69.5k)
- Mks Accountants Limited
£69.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mks Accountants Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is close to average (26 days)
- Mks Accountants Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mks Accountants Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is average cash available to meet short term requirements (26 weeks)
25 weeks - Mks Accountants Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.6%, this is a similar level of debt than the average (57.3%)
62.6% - Mks Accountants Limited
57.3% - Industry AVG
MKS ACCOUNTANTS LIMITED financials
Mks Accountants Limited's latest turnover from March 2023 is estimated at £617.2 thousand and the company has net assets of £115.6 thousand. According to their latest financial statements, Mks Accountants Limited has 11 employees and maintains cash reserves of £56.7 thousand 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 | 11 | 11 | 11 | 12 | 12 | |||
| 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 | 67,155 | 63,069 | 57,314 | 63,593 | 69,812 | 69,812 | 64,304 | 2,380 |
| Intangible Assets | -1,462 | -1,462 | -1,462 | 0 | 1,462 | 1,462 | 4,387 | 5,850 |
| 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 | 65,693 | 61,607 | 55,852 | 63,593 | 71,274 | 71,274 | 68,691 | 8,230 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 18,374 | 74,237 | 143,561 | 101,843 | 101,843 | 80,694 | 97,056 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 186,194 | 136,585 | 107,932 | 230 | 21,677 | 21,677 | 12,337 | 15,765 |
| Cash | 56,661 | 154,229 | 252,621 | 107,293 | 23,467 | 23,467 | 25,718 | 36,832 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 242,855 | 309,188 | 434,790 | 251,084 | 146,987 | 146,987 | 118,749 | 149,653 |
| total assets | 308,548 | 370,795 | 490,642 | 314,677 | 218,261 | 218,261 | 187,440 | 157,883 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 4,857 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,054 | 25,393 | 37,308 | 9,470 | 11,291 | 11,291 | 2,095 | 7,429 |
| 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 | 99,636 | 68,844 | 114,056 | 184,826 | 117,161 | 112,911 | 95,649 | 97,268 |
| total current liabilities | 114,690 | 94,237 | 151,364 | 194,296 | 128,452 | 124,202 | 102,601 | 104,697 |
| loans | 31,625 | 41,667 | 50,000 | 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 | 46,681 | 101,333 | 121,008 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 78,306 | 143,000 | 171,008 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 192,996 | 237,237 | 322,372 | 194,296 | 128,452 | 124,202 | 102,601 | 104,697 |
| net assets | 115,552 | 133,558 | 168,270 | 120,381 | 89,809 | 94,059 | 84,839 | 53,186 |
| total shareholders funds | 115,552 | 133,558 | 168,270 | 120,381 | 89,809 | 94,059 | 84,839 | 53,186 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 323 | 714 | 8,995 | 8,781 | 8,621 | 8,621 | 886 | 202 |
| Amortisation | 0 | 0 | 1,462 | 1,462 | 1,463 | 1,463 | 1,463 | 1,462 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 31,235 | -27,210 | 38,378 | 20,271 | 0 | 30,489 | -19,790 | 112,821 |
| Creditors | -10,339 | -11,915 | 27,838 | -1,821 | 0 | 9,196 | -5,334 | 7,429 |
| Accruals and Deferred Income | 30,792 | -45,212 | -70,770 | 67,665 | 4,250 | 17,262 | -1,619 | 97,268 |
| 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 | -10,042 | -8,333 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -54,652 | -19,675 | 121,008 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -97,568 | -98,392 | 145,328 | 83,826 | 0 | -2,251 | -11,114 | 36,832 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -4,857 | 4,857 | 0 |
| change in cash | -97,568 | -98,392 | 145,328 | 83,826 | 0 | 2,606 | -15,971 | 36,832 |
mks accountants limited Credit Report and Business Information
Mks Accountants Limited Competitor Analysis
Perform a competitor analysis for mks accountants limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in DA15 area or any other competitors across 12 key performance metrics.
mks accountants limited Ownership
MKS ACCOUNTANTS LIMITED group structure
Mks Accountants Limited has no subsidiary companies.
Ultimate parent company
MKS ACCOUNTANTS LIMITED
09472048
mks accountants limited directors
Mks Accountants Limited currently has 2 directors. The longest serving directors include Mr Mehmet Kemal (Mar 2015) and Mrs Selin Osman (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mehmet Kemal | 68 years | Mar 2015 | - | Director | |
| Mrs Selin Osman | United Kingdom | 39 years | Mar 2021 | - | Director |
P&L
March 2023turnover
617.2k
+140%
operating profit
-18.7k
0%
gross margin
69.1%
+5.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
115.6k
-0.13%
total assets
308.5k
-0.17%
cash
56.7k
-0.63%
net assets
Total assets minus all liabilities
Similar Companies
mks accountants limited company details
company number
09472048
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
March 2015
age
9
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
the fold 114 station road, sidcup, kent, DA15 7AE
accountant
-
auditor
-
mks accountants 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 2 charges/mortgages relating to mks accountants limited. Currently there are 2 open charges and 0 have been satisfied in the past.
mks accountants limited Companies House Filings - See Documents
| date | description | view/download |
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