azets audit services limited
azets audit services limited Company Information
Company Number
09652677
Website
-Registered Address
2nd floor regis house, 45 king william street, london, EC4R 9AN
Industry
Accounting, and auditing activities
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
carol susan warburton 51%
azets holdings limited 49%
azets audit services limited Estimated Valuation
Pomanda estimates the enterprise value of AZETS AUDIT SERVICES LIMITED at £60.9m based on a Turnover of £62.9m and 0.97x industry multiple (adjusted for size and gross margin).
azets audit services limited Estimated Valuation
Pomanda estimates the enterprise value of AZETS AUDIT SERVICES LIMITED at £130.2k based on an EBITDA of £23.1k and a 5.65x industry multiple (adjusted for size and gross margin).
azets audit services limited Estimated Valuation
Pomanda estimates the enterprise value of AZETS AUDIT SERVICES LIMITED at £429.1k based on Net Assets of £232.6k and 1.85x industry multiple (adjusted for liquidity).
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Azets Audit Services Limited Overview
Azets Audit Services Limited is a live company located in london, EC4R 9AN with a Companies House number of 09652677. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in June 2015, it's largest shareholder is carol susan warburton with a 51% stake. Azets Audit Services Limited is a young, large sized company, Pomanda has estimated its turnover at £62.9m with high growth in recent years.
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Azets Audit Services Limited Health Check
Pomanda's financial health check has awarded Azets Audit Services Limited a 3 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
2 Regular
5 Weak
Size
annual sales of £62.9m, make it larger than the average company (£136.1k)
£62.9m - Azets Audit Services Limited
£136.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.3%)
22% - Azets Audit Services Limited
6.3% - Industry AVG
Production
with a gross margin of 0.3%, this company has a higher cost of product (73.7%)
0.3% - Azets Audit Services Limited
73.7% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (14.3%)
0% - Azets Audit Services Limited
14.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Azets Audit Services Limited
3 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has an equivalent pay structure (£19.8k)
- Azets Audit Services Limited
£19.8k - Industry AVG
Efficiency
resulting in sales per employee of £31.5m, this is more efficient (£70.9k)
£31.5m - Azets Audit Services Limited
£70.9k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is near the average (96 days)
81 days - Azets Audit Services Limited
96 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Azets Audit Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Azets Audit Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (19 weeks)
5 weeks - Azets Audit Services Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.6%, this is a higher level of debt than the average (62.1%)
98.6% - Azets Audit Services Limited
62.1% - Industry AVG
AZETS AUDIT SERVICES LIMITED financials
Azets Audit Services Limited's latest turnover from June 2023 is £62.9 million and the company has net assets of £232.6 thousand. According to their latest financial statements, Azets Audit Services Limited has 2 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 62,939,394 | 47,708,597 | 39,732,134 | 34,296,381 | 209,702 | 118,209 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 62,739,394 | 47,508,597 | 39,632,134 | 34,196,381 | ||||
| Gross Profit | 200,000 | 200,000 | 100,000 | 100,000 | ||||
| Admin Expenses | 176,937 | 102,018 | 81,041 | 76,730 | ||||
| Operating Profit | 23,063 | 97,982 | 18,959 | 23,270 | ||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Interest Receivable | 2,700 | 0 | 26 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 25,763 | 97,982 | 18,985 | 23,270 | 10,839 | 16,390 | ||
| Tax | -7,102 | -18,518 | -16,568 | -4,411 | -2,129 | -3,317 | ||
| Profit After Tax | 18,661 | 79,464 | 2,417 | 18,859 | 8,710 | 13,073 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 18,661 | 79,464 | 2,417 | 18,859 | 8,710 | 13,073 | ||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 5 | 5 | 4 | 3 | |
| EBITDA* | 23,063 | 98,056 | 19,633 | 24,575 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 74 | 748 | 2,053 | 2,566 | 3,202 | 2,173 |
| 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 | 0 | 0 | 74 | 748 | 2,053 | 2,566 | 3,202 | 2,173 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 14,138,875 | 12,290,754 | 10,989,693 | 6,491,627 | 7,731,267 | 3,270,662 | 1,552,656 | 11,875 |
| Group Debtors | 521,197 | 521,197 | 521,197 | 521,197 | 4,484,972 | 866,919 | 611,259 | 40,000 |
| Misc Debtors | 10,505 | 79,144 | 6,134,530 | 6,173,217 | 49,295 | 731,620 | 7,283 | 0 |
| Cash | 1,872,257 | 1,375,018 | 941,757 | 1,421,246 | 63,556 | 264,329 | 2,298,425 | 57,777 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,542,834 | 14,266,113 | 18,587,177 | 14,607,287 | 12,329,090 | 5,133,530 | 4,469,623 | 109,652 |
| total assets | 16,542,834 | 14,266,113 | 18,587,251 | 14,608,035 | 12,331,143 | 5,136,096 | 4,472,825 | 111,825 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 65 | 19,995 | 0 | 1,836 |
| Group/Directors Accounts | 14,157,074 | 11,342,419 | 10,391,965 | 8,711,932 | 12,408,303 | 5,152,519 | 4,430,018 | 82,295 |
| 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 | 2,153,184 | 2,709,779 | 8,060,723 | 5,764,069 | 0 | 7,430 | 20,601 | 14,086 |
| total current liabilities | 16,310,258 | 14,052,198 | 18,452,688 | 14,476,001 | 12,408,368 | 5,179,944 | 4,450,619 | 98,217 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 112 | 0 | 254 | 254 | 323 | 435 |
| total long term liabilities | 0 | 0 | 112 | 0 | 254 | 254 | 323 | 435 |
| total liabilities | 16,310,258 | 14,052,198 | 18,452,800 | 14,476,001 | 12,408,622 | 5,180,198 | 4,450,942 | 98,652 |
| net assets | 232,576 | 213,915 | 134,451 | 132,034 | -77,479 | -44,102 | 21,883 | 13,173 |
| total shareholders funds | 232,576 | 213,915 | 134,451 | 132,034 | -77,479 | -44,102 | 21,883 | 13,173 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 23,063 | 97,982 | 18,959 | 23,270 | ||||
| Depreciation | 0 | 74 | 674 | 1,305 | 513 | 636 | 801 | 543 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -7,102 | -18,518 | -16,568 | -4,411 | -2,129 | -3,317 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,779,482 | -4,754,325 | 4,459,379 | 920,507 | 7,396,333 | 2,698,003 | 2,119,323 | 51,875 |
| Creditors | 0 | 0 | 0 | -65 | -19,930 | 19,995 | -1,836 | 1,836 |
| Accruals and Deferred Income | -556,595 | -5,350,944 | 2,296,654 | 5,764,069 | -7,430 | -13,171 | 6,515 | 14,086 |
| Deferred Taxes & Provisions | 0 | -112 | 112 | -254 | 0 | -69 | -112 | 435 |
| Cash flow from operations | -2,320,116 | -517,193 | -2,159,548 | 4,863,407 | ||||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | ||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,814,655 | 950,454 | 1,680,033 | -3,696,371 | 7,255,784 | 722,501 | 4,347,723 | 82,295 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 2,700 | 0 | 26 | 0 | 0 | 0 | ||
| cash flow from financing | 2,817,355 | 950,454 | 1,680,059 | -3,505,717 | 4,347,723 | 82,395 | ||
| cash and cash equivalents | ||||||||
| cash | 497,239 | 433,261 | -479,489 | 1,357,690 | -200,773 | -2,034,096 | 2,240,648 | 57,777 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 497,239 | 433,261 | -479,489 | 1,357,690 | -200,773 | -2,034,096 | 2,240,648 | 57,777 |
azets audit services limited Credit Report and Business Information
Azets Audit Services Limited Competitor Analysis
Perform a competitor analysis for azets audit services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in EC4R area or any other competitors across 12 key performance metrics.
azets audit services limited Ownership
AZETS AUDIT SERVICES LIMITED group structure
Azets Audit Services Limited has no subsidiary companies.
Ultimate parent company
AZETS TOPCO LTD
#0083407
2 parents
AZETS AUDIT SERVICES LIMITED
09652677
azets audit services limited directors
Azets Audit Services Limited currently has 2 directors. The longest serving directors include Mrs Carol Warburton (Apr 2020) and Mr William Payne (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Carol Warburton | England | 55 years | Apr 2020 | - | Director |
| Mr William Payne | England | 59 years | Jun 2020 | - | Director |
P&L
June 2023turnover
62.9m
+32%
operating profit
23.1k
-76%
gross margin
0.4%
-24.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
232.6k
+0.09%
total assets
16.5m
+0.16%
cash
1.9m
+0.36%
net assets
Total assets minus all liabilities
azets audit services limited company details
company number
09652677
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
June 2015
age
9
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
group audit services limited (September 2020)
baldwins audit services limited (July 2018)
last accounts submitted
June 2023
address
2nd floor regis house, 45 king william street, london, EC4R 9AN
accountant
-
auditor
LANGARD LIFFORD HALL LIMITED
azets audit services 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 did not find charges/mortgages relating to azets audit services limited.
azets audit services limited Companies House Filings - See Documents
| date | description | view/download |
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