mountstewart accountants (redcar) limited
mountstewart accountants (redcar) limited Company Information
Company Number
10705750
Next Accounts
474 days late
Directors
Shareholders
bailey group administration company limited
adam morgan
Group Structure
View All
Industry
Accounting, and auditing activities
Registered Address
c/o ocg accountants ltd, coxwold way, billingham, TS23 4EA
Website
www.baileygroup.co.ukmountstewart accountants (redcar) limited Estimated Valuation
Pomanda estimates the enterprise value of MOUNTSTEWART ACCOUNTANTS (REDCAR) LIMITED at £115.4k based on a Turnover of £130.9k and 0.88x industry multiple (adjusted for size and gross margin).
mountstewart accountants (redcar) limited Estimated Valuation
Pomanda estimates the enterprise value of MOUNTSTEWART ACCOUNTANTS (REDCAR) LIMITED at £170.7k based on an EBITDA of £30.2k and a 5.66x industry multiple (adjusted for size and gross margin).
mountstewart accountants (redcar) limited Estimated Valuation
Pomanda estimates the enterprise value of MOUNTSTEWART ACCOUNTANTS (REDCAR) LIMITED at £0 based on Net Assets of £-44k and 3.06x industry multiple (adjusted for liquidity).
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Mountstewart Accountants (redcar) Limited Overview
Mountstewart Accountants (redcar) Limited is a live company located in billingham, TS23 4EA with a Companies House number of 10705750. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2017, it's largest shareholder is bailey group administration company limited with a 99% stake. Mountstewart Accountants (redcar) Limited is a young, micro sized company, Pomanda has estimated its turnover at £130.9k with declining growth in recent years.
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Mountstewart Accountants (redcar) Limited Health Check
Pomanda's financial health check has awarded Mountstewart Accountants (Redcar) Limited a 3.5 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 £130.9k, make it smaller than the average company (£205.7k)
- Mountstewart Accountants (redcar) Limited
£205.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (5.6%)
- Mountstewart Accountants (redcar) Limited
5.6% - Industry AVG
Production
with a gross margin of 84.2%, this company has a comparable cost of product (84.2%)
- Mountstewart Accountants (redcar) Limited
84.2% - Industry AVG
Profitability
an operating margin of 23.1% make it more profitable than the average company (16.7%)
- Mountstewart Accountants (redcar) Limited
16.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Mountstewart Accountants (redcar) Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
- Mountstewart Accountants (redcar) Limited
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £130.9k, this is more efficient (£71.8k)
- Mountstewart Accountants (redcar) Limited
£71.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mountstewart Accountants (redcar) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 4744 days, this is slower than average (28 days)
- Mountstewart Accountants (redcar) Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mountstewart Accountants (redcar) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (37 weeks)
0 weeks - Mountstewart Accountants (redcar) Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117%, this is a higher level of debt than the average (54.2%)
117% - Mountstewart Accountants (redcar) Limited
54.2% - Industry AVG
MOUNTSTEWART ACCOUNTANTS (REDCAR) LIMITED financials
Mountstewart Accountants (Redcar) Limited's latest turnover from March 2022 is estimated at £130.9 thousand and the company has net assets of -£44 thousand. According to their latest financial statements, Mountstewart Accountants (Redcar) Limited has 1 employee and maintains cash reserves of £3.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 1 | 6 | 8 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 109,805 | 222,305 | 222,305 | 222,438 | |
| Intangible Assets | 109,805 | ||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 109,805 | 109,805 | 222,305 | 222,305 | 222,438 |
| Stock & work in progress | |||||
| Trade Debtors | 97,868 | 166,542 | 102,264 | 63,859 | |
| Group Debtors | 78,246 | ||||
| Misc Debtors | 67,283 | ||||
| Cash | 3,806 | ||||
| misc current assets | |||||
| total current assets | 149,335 | 97,868 | 166,542 | 102,264 | 63,859 |
| total assets | 259,140 | 207,673 | 388,847 | 324,569 | 286,297 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 268,329 | 276,207 | 388,763 | 225,442 | 87,466 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 34,786 | ||||
| total current liabilities | 303,115 | 276,207 | 388,763 | 225,442 | 87,466 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | 72,835 | 187,603 | |||
| provisions | |||||
| total long term liabilities | 72,835 | 187,603 | |||
| total liabilities | 303,115 | 276,207 | 388,763 | 298,277 | 275,069 |
| net assets | -43,975 | -68,534 | 84 | 26,292 | 11,228 |
| total shareholders funds | -43,975 | -68,534 | 84 | 26,292 | 11,228 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 47,661 | -68,674 | 64,278 | 38,405 | 63,859 |
| Creditors | -7,878 | -112,556 | 163,321 | 137,976 | 87,466 |
| Accruals and Deferred Income | 34,786 | ||||
| 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 | -72,835 | -114,768 | 187,603 | ||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 3,806 | ||||
| overdraft | |||||
| change in cash | 3,806 |
mountstewart accountants (redcar) limited Credit Report and Business Information
Mountstewart Accountants (redcar) Limited Competitor Analysis
Perform a competitor analysis for mountstewart accountants (redcar) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TS23 area or any other competitors across 12 key performance metrics.
mountstewart accountants (redcar) limited Ownership
MOUNTSTEWART ACCOUNTANTS (REDCAR) LIMITED group structure
Mountstewart Accountants (Redcar) Limited has no subsidiary companies.
Ultimate parent company
1 parent
MOUNTSTEWART ACCOUNTANTS (REDCAR) LIMITED
10705750
mountstewart accountants (redcar) limited directors
Mountstewart Accountants (Redcar) Limited currently has 1 director, Mr Christopher Bailey serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Bailey | United Kingdom | 59 years | Apr 2017 | - | Director |
P&L
March 2022turnover
130.9k
-69%
operating profit
30.2k
0%
gross margin
84.3%
+0.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
-44k
-0.36%
total assets
259.1k
+0.25%
cash
3.8k
0%
net assets
Total assets minus all liabilities
mountstewart accountants (redcar) limited company details
company number
10705750
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
christopher bailey accountants (redcar) limited (October 2020)
accountant
SKS BAILEY GROUP LIMITED
auditor
-
address
c/o ocg accountants ltd, coxwold way, billingham, TS23 4EA
Bank
-
Legal Advisor
-
mountstewart accountants (redcar) 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 mountstewart accountants (redcar) limited.
mountstewart accountants (redcar) limited 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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mountstewart accountants (redcar) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
