aax accountants ltd
aax accountants ltd Company Information
Company Number
09596363
Website
-Registered Address
641 newfoundland way, portishead, bristol, BS20 7QF
Industry
Accounting, and auditing activities
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
alison clare redwood 90%
rosalind clare jones 10%
aax accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of AAX ACCOUNTANTS LTD at £126.7k based on a Turnover of £181.5k and 0.7x industry multiple (adjusted for size and gross margin).
aax accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of AAX ACCOUNTANTS LTD at £52.1k based on an EBITDA of £13.2k and a 3.95x industry multiple (adjusted for size and gross margin).
aax accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of AAX ACCOUNTANTS LTD at £30.2k based on Net Assets of £10k and 3.03x industry multiple (adjusted for liquidity).
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Aax Accountants Ltd Overview
Aax Accountants Ltd is a live company located in bristol, BS20 7QF with a Companies House number of 09596363. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2015, it's largest shareholder is alison clare redwood with a 90% stake. Aax Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £181.5k with healthy growth in recent years.
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Aax Accountants Ltd Health Check
Pomanda's financial health check has awarded Aax Accountants Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £181.5k, make it larger than the average company (£140.8k)
- Aax Accountants Ltd
£140.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.3%)
- Aax Accountants Ltd
6.3% - Industry AVG
Production
with a gross margin of 48.4%, this company has a higher cost of product (73%)
- Aax Accountants Ltd
73% - Industry AVG
Profitability
an operating margin of 7.3% make it less profitable than the average company (17.3%)
- Aax Accountants Ltd
17.3% - Industry AVG
Employees
with 6 employees, this is above the industry average (3)
6 - Aax Accountants Ltd
3 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has an equivalent pay structure (£19.8k)
- Aax Accountants Ltd
£19.8k - Industry AVG
Efficiency
resulting in sales per employee of £30.2k, this is less efficient (£70.9k)
- Aax Accountants Ltd
£70.9k - Industry AVG
Debtor Days
it gets paid by customers after 149 days, this is later than average (94 days)
- Aax Accountants Ltd
94 days - Industry AVG
Creditor Days
its suppliers are paid after 235 days, this is slower than average (26 days)
- Aax Accountants Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Aax Accountants Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Aax Accountants Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.9%, this is a higher level of debt than the average (57.7%)
87.9% - Aax Accountants Ltd
57.7% - Industry AVG
AAX ACCOUNTANTS LTD financials
Aax Accountants Ltd's latest turnover from April 2023 is estimated at £181.5 thousand and the company has net assets of £10 thousand. According to their latest financial statements, Aax Accountants Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 272,068 | 263,565 | ||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 421 | 4,658 | ||||||
| Interest Receivable | 435 | 105 | ||||||
| Pre-Tax Profit | 23,975 | 34,378 | ||||||
| Tax | -5,034 | -2,718 | ||||||
| Profit After Tax | 18,941 | 31,660 | ||||||
| Dividends Paid | 0 | 0 | ||||||
| Retained Profit | 18,941 | 31,660 | ||||||
| Employee Costs | 144,723 | 121,196 | ||||||
| Number Of Employees | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,945 | 6,349 | 8,829 | 13,136 | 0 | 0 | 17,655 | 22,169 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 14,244 | 15,567 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,945 | 6,349 | 8,829 | 13,136 | 14,244 | 15,567 | 17,655 | 22,169 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,206 |
| Trade Debtors | 74,158 | 54,183 | 79,512 | 45,718 | 75,844 | 37,320 | 37,772 | 37,237 |
| Group Debtors | 0 | 0 | 527 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,448 | 1,992 | 0 | 508 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 913 |
| misc current assets | 0 | 0 | 0 | 0 | 3,331 | 1,448 | 134 | 0 |
| total current assets | 78,606 | 56,175 | 80,039 | 46,226 | 79,175 | 38,768 | 37,906 | 41,356 |
| total assets | 82,551 | 62,524 | 88,868 | 59,362 | 93,419 | 54,335 | 55,561 | 63,525 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 60,451 | 34,552 | 55,317 | 53,214 | 62,150 | 32,360 | 57,996 | 29,036 |
| 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 | 60,451 | 34,552 | 55,317 | 53,214 | 62,150 | 32,360 | 57,996 | 29,036 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 9,637 | 27,900 | 36,000 | 4,583 | 9,452 | 14,899 | 22,149 | 31,863 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 12,137 | 27,900 | 36,000 | 4,583 | 9,452 | 14,899 | 22,149 | 31,863 |
| total liabilities | 72,588 | 62,452 | 91,317 | 57,797 | 71,602 | 47,259 | 80,145 | 60,899 |
| net assets | 9,963 | 72 | -2,449 | 1,565 | 21,817 | 7,076 | -24,584 | 2,626 |
| total shareholders funds | 9,963 | 72 | -2,449 | 1,565 | 21,817 | 7,076 | -24,584 | 2,626 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 5,602 | |||||||
| Amortisation | 0 | |||||||
| Tax | -5,034 | -2,718 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -3,206 | 3,206 |
| Debtors | 22,431 | -23,864 | 33,813 | -29,618 | 38,524 | -452 | 535 | 37,237 |
| Creditors | 25,899 | -20,765 | 2,103 | -8,936 | 29,790 | -25,636 | 28,960 | 29,036 |
| Accruals and Deferred Income | 2,500 | 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 | -14,244 | -1,323 | 15,567 | 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 | -18,263 | -8,100 | 31,417 | -4,869 | -5,447 | -7,250 | -9,714 | 31,863 |
| share issue | ||||||||
| interest | 14 | -4,553 | ||||||
| cash flow from financing | -9,633 | -11,803 | ||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -913 | 913 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -913 | 913 |
aax accountants ltd Credit Report and Business Information
Aax Accountants Ltd Competitor Analysis
Perform a competitor analysis for aax accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in BS20 area or any other competitors across 12 key performance metrics.
aax accountants ltd Ownership
AAX ACCOUNTANTS LTD group structure
Aax Accountants Ltd has no subsidiary companies.
Ultimate parent company
AAX ACCOUNTANTS LTD
09596363
aax accountants ltd directors
Aax Accountants Ltd currently has 2 directors. The longest serving directors include Ms Alison Redwood (May 2015) and Miss Rosalind Jones (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Alison Redwood | England | 65 years | May 2015 | - | Director |
| Miss Rosalind Jones | United Kingdom | 36 years | Nov 2022 | - | Director |
P&L
April 2023turnover
181.5k
+21%
operating profit
13.2k
0%
gross margin
48.5%
+1.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
10k
+137.38%
total assets
82.6k
+0.32%
cash
0
0%
net assets
Total assets minus all liabilities
aax accountants ltd company details
company number
09596363
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
May 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
TAXASSIST ACCOUNTANTS
auditor
-
address
641 newfoundland way, portishead, bristol, BS20 7QF
Bank
-
Legal Advisor
-
aax 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 1 charges/mortgages relating to aax accountants ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
aax accountants ltd Companies House Filings - See Documents
| date | description | view/download |
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