assistax ltd
assistax ltd Company Information
Company Number
10647036
Next Accounts
Dec 2025
Shareholders
sadia kanwal
Group Structure
View All
Industry
Bookkeeping activities
Registered Address
office 7 30 uphall road, ilford, IG1 2JF
Website
assistax.co.ukassistax ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSISTAX LTD at £11.4k based on a Turnover of £35.2k and 0.32x industry multiple (adjusted for size and gross margin).
assistax ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSISTAX LTD at £931 based on an EBITDA of £610 and a 1.53x industry multiple (adjusted for size and gross margin).
assistax ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSISTAX LTD at £0 based on Net Assets of £-16.8k and 3.69x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Assistax Ltd Overview
Assistax Ltd is a live company located in ilford, IG1 2JF with a Companies House number of 10647036. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in March 2017, it's largest shareholder is sadia kanwal with a 100% stake. Assistax Ltd is a young, micro sized company, Pomanda has estimated its turnover at £35.2k with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Assistax Ltd Health Check
Pomanda's financial health check has awarded Assistax Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £35.2k, make it smaller than the average company (£80.2k)
- Assistax Ltd
£80.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.4%)
- Assistax Ltd
5.4% - Industry AVG
Production
with a gross margin of 5%, this company has a higher cost of product (60.5%)
- Assistax Ltd
60.5% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (3.4%)
- Assistax Ltd
3.4% - Industry AVG
Employees
with 4 employees, this is above the industry average (2)
4 - Assistax Ltd
2 - Industry AVG
Pay Structure
on an average salary of £17.9k, the company has an equivalent pay structure (£17.9k)
- Assistax Ltd
£17.9k - Industry AVG
Efficiency
resulting in sales per employee of £8.8k, this is less efficient (£54k)
- Assistax Ltd
£54k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (68 days)
- Assistax Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 175 days, this is slower than average (4 days)
- Assistax Ltd
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Assistax Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Assistax Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 391.1%, this is a higher level of debt than the average (75.1%)
391.1% - Assistax Ltd
75.1% - Industry AVG
ASSISTAX LTD financials
Assistax Ltd's latest turnover from March 2024 is estimated at £35.2 thousand and the company has net assets of -£16.8 thousand. According to their latest financial statements, Assistax Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | 4 | 4 | 4 | 4 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,840 | 6,081 | 7,601 | 9,752 | 990 | 837 | 1,046 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,840 | 6,081 | 7,601 | 9,752 | 990 | 837 | 1,046 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 930 | 723 | 5,883 | 6,149 | 2,505 | 1,650 | 217 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 930 | 723 | 5,883 | 6,149 | 2,505 | 1,650 | 217 |
| total assets | 5,770 | 6,804 | 13,484 | 15,901 | 3,495 | 2,487 | 1,263 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,066 | 17,559 | 6,700 | 5,777 | 1,324 | 8,524 | 3,975 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 16,066 | 17,559 | 6,700 | 5,777 | 1,324 | 8,524 | 3,975 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 600 | 600 |
| other liabilities | 6,501 | 6,500 | 6,500 | 8,500 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 6,501 | 6,500 | 6,500 | 8,500 | 0 | 600 | 600 |
| total liabilities | 22,567 | 24,059 | 13,200 | 14,277 | 1,324 | 9,124 | 4,575 |
| net assets | -16,797 | -17,255 | 284 | 1,624 | 2,171 | -6,637 | -3,312 |
| total shareholders funds | -16,797 | -17,255 | 284 | 1,624 | 2,171 | -6,637 | -3,312 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 207 | -5,160 | -266 | 3,644 | 855 | 1,433 | 217 |
| Creditors | -1,493 | 10,859 | 923 | 4,453 | -7,200 | 4,549 | 3,975 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -600 | 0 | 600 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1 | 0 | -2,000 | 8,500 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
assistax ltd Credit Report and Business Information
Assistax Ltd Competitor Analysis
Perform a competitor analysis for assistax ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.
assistax ltd Ownership
ASSISTAX LTD group structure
Assistax Ltd has no subsidiary companies.
Ultimate parent company
ASSISTAX LTD
10647036
assistax ltd directors
Assistax Ltd currently has 3 directors. The longest serving directors include Mrs Sadia Kanwal (Mar 2017) and Mr Shabir Ahmad (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sadia Kanwal | England | 36 years | Mar 2017 | - | Director |
| Mr Shabir Ahmad | England | 43 years | Feb 2022 | - | Director |
| Mr Shabir Ahmad | England | 43 years | Feb 2022 | - | Director |
P&L
March 2024turnover
35.2k
+13%
operating profit
610.7
0%
gross margin
5%
-84.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-16.8k
-0.03%
total assets
5.8k
-0.15%
cash
0
0%
net assets
Total assets minus all liabilities
assistax ltd company details
company number
10647036
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
assistix ltd (August 2017)
accountant
-
auditor
-
address
office 7 30 uphall road, ilford, IG1 2JF
Bank
-
Legal Advisor
-
assistax 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 assistax ltd.
assistax 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.
Click to start generating capital raising & share issue transactions for ASSISTAX LTD. This can take several minutes, an email will notify you when this has completed.
assistax ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
