watermark accountants ltd
watermark accountants ltd Company Information
Group Structure
View All
Industry
Accounting, and auditing activities
Registered Address
319 dickenson road, manchester, M13 0NR
Website
-watermark accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of WATERMARK ACCOUNTANTS LTD at £33.3k based on a Turnover of £43.6k and 0.76x industry multiple (adjusted for size and gross margin).
watermark accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of WATERMARK ACCOUNTANTS LTD at £0 based on an EBITDA of £-2.8k and a 4.92x industry multiple (adjusted for size and gross margin).
watermark accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of WATERMARK ACCOUNTANTS LTD at £7.5k based on Net Assets of £2.5k and 3.02x industry multiple (adjusted for liquidity).
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Watermark Accountants Ltd Overview
Watermark Accountants Ltd is a live company located in manchester, M13 0NR with a Companies House number of 10416001. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in October 2016, it's largest shareholder is sohail khalid dar with a 100% stake. Watermark Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £43.6k with rapid growth in recent years.
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Watermark Accountants Ltd Health Check
Pomanda's financial health check has awarded Watermark Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £43.6k, make it smaller than the average company (£213.2k)
- Watermark Accountants Ltd
£213.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (6.9%)
- Watermark Accountants Ltd
6.9% - Industry AVG
Production
with a gross margin of 49.5%, this company has a higher cost of product (95%)
- Watermark Accountants Ltd
95% - Industry AVG
Profitability
an operating margin of -6.4% make it less profitable than the average company (12.3%)
- Watermark Accountants Ltd
12.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Watermark Accountants Ltd
3 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
- Watermark Accountants Ltd
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £21.8k, this is less efficient (£79.6k)
- Watermark Accountants Ltd
£79.6k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is near the average (75 days)
- Watermark Accountants Ltd
75 days - Industry AVG
Creditor Days
its suppliers are paid after 126 days, this is slower than average (23 days)
- Watermark Accountants Ltd
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Watermark Accountants Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Watermark Accountants Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.6%, this is a higher level of debt than the average (51.1%)
75.6% - Watermark Accountants Ltd
51.1% - Industry AVG
WATERMARK ACCOUNTANTS LTD financials
Watermark Accountants Ltd's latest turnover from October 2023 is estimated at £43.6 thousand and the company has net assets of £2.5 thousand. According to their latest financial statements, Watermark Accountants Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 2 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,040 | 1,269 | |||||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 1,040 | 1,269 | |||||
| Stock & work in progress | |||||||
| Trade Debtors | 9,089 | 14,654 | 7,047 | 427 | 101 | ||
| Group Debtors | |||||||
| Misc Debtors | |||||||
| Cash | |||||||
| misc current assets | |||||||
| total current assets | 9,089 | 14,654 | 7,047 | 427 | 101 | ||
| total assets | 10,129 | 15,923 | 7,047 | 427 | 101 | ||
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 7,654 | 10,669 | 3,838 | 1,447 | 1,277 | ||
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | |||||||
| total current liabilities | 7,654 | 10,669 | 3,838 | 1,447 | 1,277 | ||
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 7,654 | 10,669 | 3,838 | 1,447 | 1,277 | ||
| net assets | 2,475 | 5,254 | 3,209 | -1,020 | -1,176 | ||
| total shareholders funds | 2,475 | 5,254 | 3,209 | -1,020 | -1,176 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -5,565 | 7,607 | 6,620 | 326 | 101 | ||
| Creditors | -3,015 | 6,831 | 2,391 | 170 | 1,277 | ||
| Accruals and Deferred Income | |||||||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | |||||||
| overdraft | |||||||
| change in cash |
watermark accountants ltd Credit Report and Business Information
Watermark Accountants Ltd Competitor Analysis
Perform a competitor analysis for watermark accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in M13 area or any other competitors across 12 key performance metrics.
watermark accountants ltd Ownership
WATERMARK ACCOUNTANTS LTD group structure
Watermark Accountants Ltd has no subsidiary companies.
Ultimate parent company
WATERMARK ACCOUNTANTS LTD
10416001
watermark accountants ltd directors
Watermark Accountants Ltd currently has 1 director, Mr Sohail Dar serving since Aug 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sohail Dar | United Kingdom | 53 years | Aug 2023 | - | Director |
P&L
October 2023turnover
43.6k
+26%
operating profit
-2.8k
0%
gross margin
49.5%
-5.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
2.5k
-0.53%
total assets
10.1k
-0.36%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
watermark accountants ltd company details
company number
10416001
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
the h.b acc ltd (January 2019)
accountant
THE TAXCOM ACCOUNTANTAS LLP
auditor
-
address
319 dickenson road, manchester, M13 0NR
Bank
-
Legal Advisor
-
watermark 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 did not find charges/mortgages relating to watermark accountants ltd.
watermark accountants 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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watermark accountants ltd Companies House Filings - See Documents
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