Nxg Accountants Ltd

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nxg accountants ltd Company Information

Company Number

10501939

Next Accounts

Sep 2025

Directors

Amirul Haque

Mark Dixon

Shareholders

tharek ahmed

amirul haque

Group Structure

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Industry

Accounting, and auditing activities

Registered Address

acero concourse way, sheffield, S1 2BJ

Website

nxg accountants ltd Estimated Valuation

£47.7k

Pomanda estimates the enterprise value of NXG ACCOUNTANTS LTD at £47.7k based on Net Assets of £15k and 3.19x industry multiple (adjusted for liquidity).

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Nxg Accountants Ltd is a live company located in sheffield, S1 2BJ with a Companies House number of 10501939. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in November 2016, it's largest shareholder is tharek ahmed with a 50% stake. Nxg Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £43.1k with low growth in recent years.

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Pomanda's financial health check has awarded Nxg Accountants Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

1 Regular

6 Weak

Size

annual sales of £43.1k, make it smaller than the average company (£186k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.6%)

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Nxg Accountants Ltd's latest turnover from December 2023 is estimated at £43.1 thousand and the company has net assets of £15 thousand. According to their latest financial statements, Nxg Accountants Ltd has 1 employee and maintains cash reserves of £15 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	43,075	40,693	101,978	38,371	25,902	29,969	5,528
Other Income Or Grants
Cost Of Sales	26,783	21,927	54,345	18,251	10,753	10,608	1,898
Gross Profit	16,293	18,766	47,634	20,120	15,149	19,361	3,630
Admin Expenses	17,079	19,297	45,537	13,317	11,992	8,640	8,260
Operating Profit	-786	-531	2,097	6,803	3,157	10,721	-4,630
Interest Payable
Interest Receivable	786	531	97	35	38	11	2
Pre-Tax Profit			2,194	6,838	3,195	10,732	-4,628
Tax			-417	-1,299	-607	-2,039
Profit After Tax			1,777	5,539	2,588	8,693	-4,628
Dividends Paid
Retained Profit			1,777	5,539	2,588	8,693	-4,628
Employee Costs	29,238	27,338	75,847	70,549	49,033	54,255	29,007
Number Of Employees	1	1	3	3	2	2	1
EBITDA*	-786	-531	2,097	6,803	3,157	10,721	-4,630

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors				2,379	268	3,872	1,728
Group Debtors
Misc Debtors
Cash	14,969	14,969	15,386	62,112	7,992	2,146	851
misc current assets							18
total current assets	14,969	14,969	15,386	64,491	8,260	6,018	2,597
total assets	14,969	14,969	15,386	64,491	8,260	6,018	2,597
Bank overdraft
Bank loan
Trade Creditors			417	1,299		953
Group/Directors Accounts							6,225
other short term finances
hp & lease commitments
other current liabilities					607
total current liabilities			417	1,299	607	953	6,225
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities				50,000
provisions
total long term liabilities				50,000
total liabilities			417	51,299	607	953	6,225
net assets	14,969	14,969	14,969	13,192	7,653	5,065	-3,628
total shareholders funds	14,969	14,969	14,969	13,192	7,653	5,065	-3,628

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	-786	-531	2,097	6,803	3,157	10,721	-4,630
Depreciation
Amortisation
Tax			-417	-1,299	-607	-2,039
Stock
Debtors			-2,379	2,111	-3,604	2,144	1,728
Creditors		-417	-882	1,299	-953	953
Accruals and Deferred Income				-607	607
Deferred Taxes & Provisions
Cash flow from operations	-786	-948	3,177	4,085	5,808	7,491	-6,358
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts						-6,225	6,225
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities			-50,000	50,000
share issue							1,000
interest	786	531	97	35	38	11	2
cash flow from financing	786	531	-49,903	50,035	38	-6,214	7,227
cash and cash equivalents
cash		-417	-46,726	54,120	5,846	1,295	851
overdraft
change in cash		-417	-46,726	54,120	5,846	1,295	851

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for nxg accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in S 1 area or any other competitors across 12 key performance metrics.

NXG ACCOUNTANTS LTD group structure

Nxg Accountants Ltd has no subsidiary companies.

Ultimate parent company

NXG ACCOUNTANTS LTD

10501939

NXG ACCOUNTANTS LTD Shareholders

tharek ahmed	50%
amirul haque	50%

Nxg Accountants Ltd currently has 2 directors. The longest serving directors include Mr Amirul Haque (Aug 2021) and Mr Mark Dixon (Nov 2021).

officer	country	age	start	end	role
Mr Amirul Haque	England	33 years	Aug 2021	-	Director
Mr Mark Dixon	England	34 years	Nov 2021	-	Director

P&L

December 2023

turnover

43.1k

+6%

operating profit

-785.9

gross margin

37.9%

-17.98%

turnover

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

Balance Sheet

December 2023

net assets

15k

total assets

15k

cash

15k

net assets

Total assets minus all liabilities

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company number

10501939

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69202 - Bookkeeping activities

incorporation date

November 2016

ultimate parent company

None

previous names

N/A

address

acero concourse way, sheffield, S1 2BJ

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.

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nxg accountants ltd Company Information

nxg accountants ltd Estimated Valuation

nxg accountants ltd Estimated Valuation

nxg accountants ltd Estimated Valuation

Nxg Accountants Ltd Overview

Nxg Accountants Ltd Health Check

NXG ACCOUNTANTS LTD financials

nxg accountants ltd Credit Report and Business Information

Nxg Accountants Ltd Competitor Analysis

nxg accountants ltd Ownership

nxg accountants ltd directors

nxg accountants ltd company details

nxg accountants ltd Charges & Mortgages

nxg accountants ltd Capital Raised & Share Issues BETA

nxg accountants ltd Companies House Filings - See Documents