accountants solutions ltd

accountants solutions ltd Company Information

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Company Number

09622421

Industry

Tax consultancy

 

Accounting, and auditing activities

 
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Shareholders

christine adedokun

Group Structure

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Contact

Registered Address

certified financial accountants, 196 high road, london, N22 8HH

accountants solutions ltd Estimated Valuation

£250.5k

Pomanda estimates the enterprise value of ACCOUNTANTS SOLUTIONS LTD at £250.5k based on a Turnover of £407.5k and 0.61x industry multiple (adjusted for size and gross margin).

accountants solutions ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ACCOUNTANTS SOLUTIONS LTD at £0 based on an EBITDA of £-138.3k and a 3.85x industry multiple (adjusted for size and gross margin).

accountants solutions ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ACCOUNTANTS SOLUTIONS LTD at £0 based on Net Assets of £-118.6k and 3.58x industry multiple (adjusted for liquidity).

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Accountants Solutions Ltd Overview

Accountants Solutions Ltd is a live company located in london, N22 8HH with a Companies House number of 09622421. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in June 2015, it's largest shareholder is christine adedokun with a 100% stake. Accountants Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £407.5k with high growth in recent years.

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Accountants Solutions Ltd Health Check

Pomanda's financial health check has awarded Accountants Solutions Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £407.5k, make it larger than the average company (£138.8k)

£407.5k - Accountants Solutions Ltd

£138.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.2%)

20% - Accountants Solutions Ltd

7.2% - Industry AVG

production

Production

with a gross margin of 42.2%, this company has a higher cost of product (75.1%)

42.2% - Accountants Solutions Ltd

75.1% - Industry AVG

profitability

Profitability

an operating margin of -33.9% make it less profitable than the average company (9.4%)

-33.9% - Accountants Solutions Ltd

9.4% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (2)

20 - Accountants Solutions Ltd

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)

£31.2k - Accountants Solutions Ltd

£31.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £20.4k, this is less efficient (£70k)

£20.4k - Accountants Solutions Ltd

£70k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 81 days, this is near the average (77 days)

81 days - Accountants Solutions Ltd

77 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Accountants Solutions Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Accountants Solutions Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Accountants Solutions Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 230%, this is a higher level of debt than the average (63.7%)

230% - Accountants Solutions Ltd

63.7% - Industry AVG

ACCOUNTANTS SOLUTIONS LTD financials

EXPORTms excel logo

Accountants Solutions Ltd's latest turnover from February 2024 is estimated at £407.5 thousand and the company has net assets of -£118.6 thousand. According to their latest financial statements, Accountants Solutions Ltd has 20 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020May 2019May 2018May 2017May 2016
Turnover407,462276,50136,346234,872143,025139,6423,8121,7180
Other Income Or Grants000000000
Cost Of Sales235,448159,77020,027114,78767,30254,8851,6057610
Gross Profit172,014116,73116,319120,08575,72384,7582,2089570
Admin Expenses310,272116,12115,166120,08575,72364,3986853830
Operating Profit-138,2586101,1530020,3601,5235740
Interest Payable000000000
Interest Receivable000000000
Pre-Tax Profit-138,2586101,1530020,3601,5235740
Tax0-116-21900-3,868-289-1090
Profit After Tax-138,2584949340016,4921,2344650
Dividends Paid000000000
Retained Profit-138,2584949340016,4921,2344650
Employee Costs623,520567,53523,086444,374222,431276,98226,22125,2240
Number Of Employees20201201010110
EBITDA*-138,2586101,1530020,3601,5235740

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020May 2019May 2018May 2017May 2016
Tangible Assets000000000
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets000000000
Stock & work in progress000000000
Trade Debtors91,24619,61919,12518,19121,16621,1661,6995650
Group Debtors000000000
Misc Debtors000000000
Cash00000000100
misc current assets000000000
total current assets91,24619,61919,12518,19121,16621,1661,699565100
total assets91,24619,61919,12518,19121,16621,1661,699565100
Bank overdraft000000000
Bank loan000000000
Trade Creditors 00002,9752,975000
Group/Directors Accounts000000000
other short term finances000000000
hp & lease commitments000000000
other current liabilities000000000
total current liabilities00002,9752,975000
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities209,88500000000
provisions000000000
total long term liabilities209,88500000000
total liabilities209,8850002,9752,975000
net assets-118,63919,61919,12518,19118,19118,1911,699565100
total shareholders funds-118,63919,61919,12518,19118,19118,1911,699565100
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020May 2019May 2018May 2017May 2016
Operating Activities
Operating Profit-138,2586101,1530020,3601,5235740
Depreciation000000000
Amortisation000000000
Tax0-116-21900-3,868-289-1090
Stock000000000
Debtors71,627494934-2,975019,4671,1345650
Creditors000-2,97502,975000
Accruals and Deferred Income000000000
Deferred Taxes & Provisions000000000
Cash flow from operations-209,88500000100-1000
Investing Activities
capital expenditure000000000
Change in Investments000000000
cash flow from investments000000000
Financing Activities
Bank loans000000000
Group/Directors Accounts000000000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments000000000
other long term liabilities209,88500000000
share issue000000-1000100
interest000000000
cash flow from financing209,88500000-1000100
cash and cash equivalents
cash0000000-100100
overdraft000000000
change in cash0000000-100100

accountants solutions ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Accountants Solutions Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for accountants solutions ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in N22 area or any other competitors across 12 key performance metrics.

accountants solutions ltd Ownership

ACCOUNTANTS SOLUTIONS LTD group structure

Accountants Solutions Ltd has no subsidiary companies.

Ultimate parent company

ACCOUNTANTS SOLUTIONS LTD

09622421

ACCOUNTANTS SOLUTIONS LTD Shareholders

christine adedokun 100%

accountants solutions ltd directors

Accountants Solutions Ltd currently has 1 director, Ms Christine Adedokun serving since Jun 2015.

officercountryagestartendrole
Ms Christine AdedokunEngland61 years Jun 2015- Director

P&L

February 2024

turnover

407.5k

+47%

operating profit

-138.3k

0%

gross margin

42.3%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

-118.6k

-7.05%

total assets

91.2k

+3.65%

cash

0

0%

net assets

Total assets minus all liabilities

accountants solutions ltd company details

company number

09622421

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

69203 - Tax consultancy

69201 - Accounting, and auditing activities

incorporation date

June 2015

age

9

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

February 2024

previous names

certified financial accountants limited (July 2015)

accountant

-

auditor

-

address

certified financial accountants, 196 high road, london, N22 8HH

Bank

-

Legal Advisor

-

accountants solutions 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 accountants solutions ltd.

accountants solutions 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.

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accountants solutions ltd Companies House Filings - See Documents

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