proact accounting limited
proact accounting limited Company Information
Group Structure
View All
Industry
Bookkeeping activities
+1Registered Address
imagestor house 31 bridge road, palace gates, london, N22 7SN
Website
-proact accounting limited Estimated Valuation
Pomanda estimates the enterprise value of PROACT ACCOUNTING LIMITED at £262.1k based on a Turnover of £490.6k and 0.53x industry multiple (adjusted for size and gross margin).
proact accounting limited Estimated Valuation
Pomanda estimates the enterprise value of PROACT ACCOUNTING LIMITED at £200.8k based on an EBITDA of £65k and a 3.09x industry multiple (adjusted for size and gross margin).
proact accounting limited Estimated Valuation
Pomanda estimates the enterprise value of PROACT ACCOUNTING LIMITED at £770.4k based on Net Assets of £229.5k and 3.36x industry multiple (adjusted for liquidity).
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Proact Accounting Limited Overview
Proact Accounting Limited is a live company located in london, N22 7SN with a Companies House number of 11224810. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2018, it's largest shareholder is mehran imanzadeh with a 100% stake. Proact Accounting Limited is a young, micro sized company, Pomanda has estimated its turnover at £490.6k with high growth in recent years.
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Proact Accounting Limited Health Check
Pomanda's financial health check has awarded Proact Accounting Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
2 Weak
Size
annual sales of £490.6k, make it larger than the average company (£129.4k)
- Proact Accounting Limited
£129.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (6.8%)
- Proact Accounting Limited
6.8% - Industry AVG
Production
with a gross margin of 27.8%, this company has a higher cost of product (77%)
- Proact Accounting Limited
77% - Industry AVG
Profitability
an operating margin of 13.3% make it more profitable than the average company (6.8%)
- Proact Accounting Limited
6.8% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (2)
3 - Proact Accounting Limited
2 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
- Proact Accounting Limited
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £163.5k, this is more efficient (£65.2k)
- Proact Accounting Limited
£65.2k - Industry AVG
Debtor Days
it gets paid by customers after 203 days, this is later than average (73 days)
- Proact Accounting Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (13 days)
- Proact Accounting Limited
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Proact Accounting Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Proact Accounting Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.3%, this is a lower level of debt than the average (63%)
16.3% - Proact Accounting Limited
63% - Industry AVG
PROACT ACCOUNTING LIMITED financials
Proact Accounting Limited's latest turnover from March 2024 is estimated at £490.6 thousand and the company has net assets of £229.5 thousand. According to their latest financial statements, Proact Accounting Limited has 3 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 | 3 | 3 | 3 | 3 | 4 | 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 | 0 | 0 | 2,334 | 4,798 | 7,263 | 5,600 | 0 |
| 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 | 0 | 0 | 2,334 | 4,798 | 7,263 | 5,600 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 274,144 | 282,005 | 214,946 | 158,648 | 95,508 | 58,084 | 0 |
| 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 | 274,144 | 282,005 | 214,946 | 158,648 | 95,508 | 58,084 | 0 |
| total assets | 274,144 | 282,005 | 217,280 | 163,446 | 102,771 | 63,684 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 44,653 | 101,283 | 73,551 | 50,015 | 22,948 | 12,788 | 0 |
| 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 | 44,653 | 101,283 | 73,551 | 50,015 | 22,948 | 12,788 | 0 |
| 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 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 44,653 | 101,283 | 73,551 | 50,015 | 22,948 | 12,788 | 0 |
| net assets | 229,491 | 180,722 | 143,729 | 113,431 | 79,823 | 50,896 | 0 |
| total shareholders funds | 229,491 | 180,722 | 143,729 | 113,431 | 79,823 | 50,896 | 0 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | |||||
| Amortisation | 0 | 0 | |||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -7,861 | 67,059 | 56,298 | 63,140 | 37,424 | 58,084 | 0 |
| Creditors | -56,630 | 27,732 | 23,536 | 27,067 | 10,160 | 12,788 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 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 |
proact accounting limited Credit Report and Business Information
Proact Accounting Limited Competitor Analysis
Perform a competitor analysis for proact accounting limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in N22 area or any other competitors across 12 key performance metrics.
proact accounting limited Ownership
PROACT ACCOUNTING LIMITED group structure
Proact Accounting Limited has no subsidiary companies.
Ultimate parent company
PROACT ACCOUNTING LIMITED
11224810
proact accounting limited directors
Proact Accounting Limited currently has 1 director, Mr Mehran Imanzadeh serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mehran Imanzadeh | 71 years | Feb 2018 | - | Director |
P&L
March 2024turnover
490.6k
+6%
operating profit
65k
0%
gross margin
27.9%
-33.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
229.5k
+0.27%
total assets
274.1k
-0.03%
cash
0
0%
net assets
Total assets minus all liabilities
proact accounting limited company details
company number
11224810
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
69201 - Accounting, and auditing activities
incorporation date
February 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
imagestor house 31 bridge road, palace gates, london, N22 7SN
Bank
-
Legal Advisor
-
proact accounting 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 proact accounting limited.
proact accounting 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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proact accounting limited Companies House Filings - See Documents
| date | description | view/download |
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