accurri limited

2

accurri limited Company Information

Share ACCURRI LIMITED
Live 
YoungMicroRapid

Company Number

10125334

Registered Address

49 greek street, london, W1D 4EG

Industry

Wholesale of computers, computer peripheral equipment and software

 

Telephone

02032870102

Next Accounts Due

March 2025

Group Structure

View All

Directors

Kevin Ormrod2 Years

Michael Berrington2 Years

Shareholders

accurri pty limited 100%

accurri limited Estimated Valuation

£71.1k

Pomanda estimates the enterprise value of ACCURRI LIMITED at £71.1k based on a Turnover of £337.5k and 0.21x industry multiple (adjusted for size and gross margin).

accurri limited Estimated Valuation

£76.5k

Pomanda estimates the enterprise value of ACCURRI LIMITED at £76.5k based on an EBITDA of £30.2k and a 2.54x industry multiple (adjusted for size and gross margin).

accurri limited Estimated Valuation

£34.5k

Pomanda estimates the enterprise value of ACCURRI LIMITED at £34.5k based on Net Assets of £19.2k and 1.8x industry multiple (adjusted for liquidity).

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Accurri Limited Overview

Accurri Limited is a live company located in london, W1D 4EG with a Companies House number of 10125334. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in April 2016, it's largest shareholder is accurri pty limited with a 100% stake. Accurri Limited is a young, micro sized company, Pomanda has estimated its turnover at £337.5k with rapid growth in recent years.

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Accurri Limited Health Check

Pomanda's financial health check has awarded Accurri Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £337.5k, make it smaller than the average company (£18.5m)

£337.5k - Accurri Limited

£18.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 74%, show it is growing at a faster rate (6.4%)

74% - Accurri Limited

6.4% - Industry AVG

production

Production

with a gross margin of 10.2%, this company has a higher cost of product (20.1%)

10.2% - Accurri Limited

20.1% - Industry AVG

profitability

Profitability

an operating margin of 8.9% make it more profitable than the average company (3.1%)

8.9% - Accurri Limited

3.1% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (45)

1 - Accurri Limited

45 - Industry AVG

paystructure

Pay Structure

on an average salary of £60.3k, the company has an equivalent pay structure (£60.3k)

£60.3k - Accurri Limited

£60.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £337.5k, this is less efficient (£561.3k)

£337.5k - Accurri Limited

£561.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 122 days, this is later than average (48 days)

122 days - Accurri Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (30 days)

2 days - Accurri Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Accurri Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Accurri Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 83%, this is a higher level of debt than the average (61.5%)

83% - Accurri Limited

61.5% - Industry AVG

ACCURRI LIMITED financials

EXPORTms excel logo

Accurri Limited's latest turnover from June 2023 is estimated at £337.5 thousand and the company has net assets of £19.2 thousand. According to their latest financial statements, we estimate that Accurri Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Turnover337,464366,48091,40864,35878,34877,07138,869
Other Income Or Grants0000000
Cost Of Sales303,170323,16781,27556,80170,74670,13634,835
Gross Profit34,29343,31310,1337,5577,6026,9344,034
Admin Expenses4,12819,59115,92213,4149,6399,07710,872
Operating Profit30,16523,722-5,789-5,857-2,037-2,143-6,838
Interest Payable0000000
Interest Receivable0000000
Pre-Tax Profit30,16523,722-5,789-5,857-2,037-2,143-6,838
Tax-7,541-4,50700000
Profit After Tax22,62419,215-5,789-5,857-2,037-2,143-6,838
Dividends Paid0000000
Retained Profit22,62419,215-5,789-5,857-2,037-2,143-6,838
Employee Costs60,31456,49953,13851,55449,82848,92052,018
Number Of Employees1111111
EBITDA*30,16523,722-5,789-5,857-2,037-2,143-6,838

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Tangible Assets0000000
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets0000000
Stock & work in progress0000000
Trade Debtors113,02774,59324,08616,10813,69615,0027,637
Group Debtors0000000
Misc Debtors0000000
Cash0000000
misc current assets0000000
total current assets113,02774,59324,08616,10813,69615,0027,637
total assets113,02774,59324,08616,10813,69615,0027,637
Bank overdraft0000000
Bank loan0000000
Trade Creditors 2,152012,4389,70018,74613,7686,600
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities2,152012,4389,70018,74613,7686,600
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities91,70078,04234,31223,2835,96810,2157,875
provisions0000000
total long term liabilities91,70078,04234,31223,2835,96810,2157,875
total liabilities93,85278,04246,75032,98324,71423,98314,475
net assets19,175-3,449-22,664-16,875-11,018-8,981-6,838
total shareholders funds19,175-3,449-22,664-16,875-11,018-8,981-6,838
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Operating Activities
Operating Profit30,16523,722-5,789-5,857-2,037-2,143-6,838
Depreciation0000000
Amortisation0000000
Tax-7,541-4,50700000
Stock0000000
Debtors38,43450,5077,9782,412-1,3067,3657,637
Creditors2,152-12,4382,738-9,0464,9787,1686,600
Accruals and Deferred Income0000000
Deferred Taxes & Provisions0000000
Cash flow from operations-13,658-43,730-11,029-17,3154,247-2,340-7,875
Investing Activities
capital expenditure0000000
Change in Investments0000000
cash flow from investments0000000
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities13,65843,73011,02917,315-4,2472,3407,875
share issue0000000
interest0000000
cash flow from financing13,65843,73011,02917,315-4,2472,3407,875
cash and cash equivalents
cash0000000
overdraft0000000
change in cash0000000

accurri limited 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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Accurri Limited Competitor Analysis

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accurri limited Ownership

ACCURRI LIMITED group structure

Accurri Limited has no subsidiary companies.

Ultimate parent company

ACCURRI LIMITED

10125334

ACCURRI LIMITED Shareholders

accurri pty limited 100%

accurri limited directors

Accurri Limited currently has 2 directors. The longest serving directors include Mr Kevin Ormrod (Sep 2021) and Mr Michael Berrington (Sep 2021).

officercountryagestartendrole
Mr Kevin OrmrodUnited Kingdom65 years Sep 2021- Director
Mr Michael BerringtonUnited Kingdom46 years Sep 2021- Director

P&L

June 2023

turnover

337.5k

-8%

operating profit

30.2k

0%

gross margin

10.2%

-14.02%

turnover

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

Balance Sheet

June 2023

net assets

19.2k

-6.56%

total assets

113k

+0.52%

cash

0

0%

net assets

Total assets minus all liabilities

accurri limited company details

company number

10125334

Type

Private limited with Share Capital

industry

46510 - Wholesale of computers, computer peripheral equipment and software

incorporation date

April 2016

age

8

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

ifrs system limited (January 2020)

incorporated

UK

address

49 greek street, london, W1D 4EG

last accounts submitted

June 2023

accurri 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 accurri limited.

charges

accurri limited Companies House Filings - See Documents

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