sy accounting ltd

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sy accounting ltd Company Information

Share SY ACCOUNTING LTD

Company Number

10891508

Directors

Syed Ali

Shareholders

new paradigm group (npg) ltd

Group Structure

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Industry

Accounting, and auditing activities

 +3

Registered Address

92 st. nicolas park drive, nuneaton, CV11 6DY

sy accounting ltd Estimated Valuation

£970

Pomanda estimates the enterprise value of SY ACCOUNTING LTD at £970 based on a Turnover of £1.8k and 0.53x industry multiple (adjusted for size and gross margin).

sy accounting ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SY ACCOUNTING LTD at £0 based on an EBITDA of £-321 and a 3.58x industry multiple (adjusted for size and gross margin).

sy accounting ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SY ACCOUNTING LTD at £0 based on Net Assets of £-6k and 3.52x industry multiple (adjusted for liquidity).

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Sy Accounting Ltd Overview

Sy Accounting Ltd is a live company located in nuneaton, CV11 6DY with a Companies House number of 10891508. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2017, it's largest shareholder is new paradigm group (npg) ltd with a 100% stake. Sy Accounting Ltd is a young, micro sized company, Pomanda has estimated its turnover at £1.8k with unknown growth in recent years.

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Sy Accounting Ltd Health Check

Pomanda's financial health check has awarded Sy Accounting Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £1.8k, make it smaller than the average company (£530k)

£1.8k - Sy Accounting Ltd

£530k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Sy Accounting Ltd

- - Industry AVG

production

Production

with a gross margin of 38.4%, this company has a higher cost of product (80.6%)

38.4% - Sy Accounting Ltd

80.6% - Industry AVG

profitability

Profitability

an operating margin of -17.6% make it less profitable than the average company (7.3%)

-17.6% - Sy Accounting Ltd

7.3% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - Sy Accounting Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)

£42.4k - Sy Accounting Ltd

£42.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.8k, this is less efficient (£98.1k)

£1.8k - Sy Accounting Ltd

£98.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Sy Accounting Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1955 days, this is slower than average (28 days)

1955 days - Sy Accounting Ltd

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sy Accounting Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Sy Accounting Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 60040%, this is a higher level of debt than the average (57.9%)

60040% - Sy Accounting Ltd

57.9% - Industry AVG

SY ACCOUNTING LTD financials

EXPORTms excel logo

Sy Accounting Ltd's latest turnover from December 2023 is estimated at £1.8 thousand and the company has net assets of -£6 thousand. According to their latest financial statements, we estimate that Sy Accounting Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover1,8212,6692,004191386
Other Income Or Grants
Cost Of Sales1,1211,6141,209102175
Gross Profit7001,05679589212
Admin Expenses1,0211,3771,1396645314,114
Operating Profit-321-321-344-664-442-3,902
Interest Payable
Interest Receivable
Pre-Tax Profit-321-321-344-664-442-3,902
Tax
Profit After Tax-321-321-344-664-442-3,902
Dividends Paid
Retained Profit-321-321-344-664-442-3,902
Employee Costs42,35340,59734,88835,30240,337
Number Of Employees11111
EBITDA*-321-321-344-664-442-3,902

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets
Intangible Assets
Investments & Other1010101010
Debtors (Due After 1 year)
Total Fixed Assets1010101010
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
total assets1010101010
Bank overdraft
Bank loan
Trade Creditors 6,0045,6835,3624,3543,902
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities6,0045,6835,3624,3543,902
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities5,018
provisions
total long term liabilities5,018
total liabilities6,0045,6835,3625,0184,3543,902
net assets-5,994-5,673-5,352-5,008-4,344-3,902
total shareholders funds-5,994-5,673-5,352-5,008-4,344-3,902
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit-321-321-344-664-442-3,902
Depreciation
Amortisation
Tax
Stock
Debtors
Creditors3213215,362-4,3544523,902
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations5,018-5,01810
Investing Activities
capital expenditure
Change in Investments10
cash flow from investments-10
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-5,0185,018
share issue
interest
cash flow from financing-5,0185,018
cash and cash equivalents
cash
overdraft
change in cash

sy accounting ltd 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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Sy Accounting Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sy accounting ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CV11 area or any other competitors across 12 key performance metrics.

sy accounting ltd Ownership

SY ACCOUNTING LTD group structure

Sy Accounting Ltd has no subsidiary companies.

Ultimate parent company

1 parent

SY ACCOUNTING LTD

10891508

SY ACCOUNTING LTD Shareholders

new paradigm group (npg) ltd 100%

sy accounting ltd directors

Sy Accounting Ltd currently has 1 director, Mr Syed Ali serving since Jul 2017.

officercountryagestartendrole
Mr Syed AliEngland39 years Jul 2017- Director

P&L

December 2023

turnover

1.8k

-32%

operating profit

-321

0%

gross margin

38.5%

-2.77%

turnover

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

Balance Sheet

December 2023

net assets

-6k

+0.06%

total assets

10

0%

cash

0

0%

net assets

Total assets minus all liabilities

sy accounting ltd company details

company number

10891508

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69203 - Tax consultancy

69202 - Bookkeeping activities

incorporation date

July 2017

age

8

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

92 st. nicolas park drive, nuneaton, CV11 6DY

Bank

-

Legal Advisor

-

sy accounting 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 sy accounting ltd.

sy accounting 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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sy accounting ltd Companies House Filings - See Documents

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