a b g accountancy 2018 ltd
a b g accountancy 2018 ltd Company Information
Company Number
11238661
Next Accounts
3 days late
Shareholders
xeinadin uk professional services ltd
xeinadin group limited
Group Structure
View All
Industry
Accounting, and auditing activities
Registered Address
the quadrant centre limes road, weybridge, surrey, KT13 8DH
Website
www.abgaccountancy.co.uka b g accountancy 2018 ltd Estimated Valuation
Pomanda estimates the enterprise value of A B G ACCOUNTANCY 2018 LTD at £190.2k based on a Turnover of £242.7k and 0.78x industry multiple (adjusted for size and gross margin).
a b g accountancy 2018 ltd Estimated Valuation
Pomanda estimates the enterprise value of A B G ACCOUNTANCY 2018 LTD at £0 based on an EBITDA of £-396.9k and a 5.05x industry multiple (adjusted for size and gross margin).
a b g accountancy 2018 ltd Estimated Valuation
Pomanda estimates the enterprise value of A B G ACCOUNTANCY 2018 LTD at £155.5k based on Net Assets of £51.4k and 3.02x industry multiple (adjusted for liquidity).
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A B G Accountancy 2018 Ltd Overview
A B G Accountancy 2018 Ltd is a live company located in surrey, KT13 8DH with a Companies House number of 11238661. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2018, it's largest shareholder is xeinadin uk professional services ltd with a 51.2% stake. A B G Accountancy 2018 Ltd is a young, micro sized company, Pomanda has estimated its turnover at £242.7k with declining growth in recent years.
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A B G Accountancy 2018 Ltd Health Check
Pomanda's financial health check has awarded A B G Accountancy 2018 Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £242.7k, make it in line with the average company (£241.9k)
- A B G Accountancy 2018 Ltd
£241.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (6.2%)
- A B G Accountancy 2018 Ltd
6.2% - Industry AVG
Production
with a gross margin of 52.5%, this company has a higher cost of product (92.6%)
- A B G Accountancy 2018 Ltd
92.6% - Industry AVG
Profitability
an operating margin of -177.6% make it less profitable than the average company (13.7%)
- A B G Accountancy 2018 Ltd
13.7% - Industry AVG
Employees
with 6 employees, this is above the industry average (4)
6 - A B G Accountancy 2018 Ltd
4 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has an equivalent pay structure (£35.3k)
- A B G Accountancy 2018 Ltd
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £40.5k, this is less efficient (£76.2k)
- A B G Accountancy 2018 Ltd
£76.2k - Industry AVG
Debtor Days
it gets paid by customers after 148 days, this is later than average (77 days)
- A B G Accountancy 2018 Ltd
77 days - Industry AVG
Creditor Days
its suppliers are paid after 267 days, this is slower than average (26 days)
- A B G Accountancy 2018 Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- A B G Accountancy 2018 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (34 weeks)
17 weeks - A B G Accountancy 2018 Ltd
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.3%, this is a higher level of debt than the average (50.8%)
76.3% - A B G Accountancy 2018 Ltd
50.8% - Industry AVG
A B G ACCOUNTANCY 2018 LTD financials
A B G Accountancy 2018 Ltd's latest turnover from May 2023 is estimated at £242.7 thousand and the company has net assets of £51.4 thousand. According to their latest financial statements, A B G Accountancy 2018 Ltd has 6 employees and maintains cash reserves of £55.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Turnover | 702,060 | 685,878 | 652,334 | ||
| Other Income Or Grants | |||||
| Cost Of Sales | 230,404 | 224,903 | 242,091 | ||
| Gross Profit | 471,656 | 460,975 | 410,243 | ||
| Admin Expenses | 235,055 | 204,291 | 9,827 | ||
| Operating Profit | 236,601 | 256,684 | 400,416 | ||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | 233,484 | 252,885 | 400,416 | ||
| Tax | -45,009 | -49,390 | -49,714 | ||
| Profit After Tax | 188,475 | 203,495 | 350,702 | ||
| Dividends Paid | 31,514 | 129,656 | 102,030 | ||
| Retained Profit | 156,961 | 73,839 | 248,672 | ||
| Employee Costs | 134,364 | 114,774 | 150,195 | ||
| Number Of Employees | 6 | 6 | 6 | ||
| EBITDA* | 262,923 | 258,091 | 422,902 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 41,007 | 72,222 | 69,640 | 89,715 | |
| Intangible Assets | 1 | 1 | 1 | 1 | |
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 41,008 | 72,223 | 69,641 | 89,716 | |
| Stock & work in progress | 6,274 | 14,019 | |||
| Trade Debtors | 98,496 | 75,034 | 55,576 | 86,874 | 100 |
| Group Debtors | 15,000 | 440,000 | 172,682 | ||
| Misc Debtors | 6,735 | 9,439 | 10,276 | 182,637 | |
| Cash | 55,267 | 64,774 | 302,254 | 136,103 | |
| misc current assets | |||||
| total current assets | 175,498 | 595,521 | 554,807 | 405,614 | 100 |
| total assets | 216,506 | 667,744 | 624,448 | 495,330 | 100 |
| Bank overdraft | 424 | 51,747 | 1,196 | ||
| Bank loan | |||||
| Trade Creditors | 84,299 | 73,500 | 80,228 | 16,611 | |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | 32,761 | 63,954 | 66,847 | 20,201 | |
| other current liabilities | 46,009 | 47,789 | 101,794 | 75,390 | |
| total current liabilities | 163,069 | 185,667 | 300,616 | 113,398 | |
| loans | |||||
| hp & lease commitments | 66,847 | ||||
| Accruals and Deferred Income | |||||
| other liabilities | 66,208 | ||||
| provisions | 2,029 | ||||
| total long term liabilities | 2,029 | 2,195 | 1,116 | 133,055 | |
| total liabilities | 165,098 | 187,862 | 301,732 | 246,453 | |
| net assets | 51,408 | 479,882 | 322,716 | 248,877 | 100 |
| total shareholders funds | 51,408 | 479,882 | 322,716 | 248,877 | 100 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 236,601 | 256,684 | 400,416 | ||
| Depreciation | 34,297 | 26,322 | 1,407 | 22,486 | |
| Amortisation | |||||
| Tax | -45,009 | -49,390 | -49,714 | ||
| Stock | -6,274 | -7,745 | 14,019 | ||
| Debtors | -404,242 | 285,939 | -30,977 | 269,411 | 100 |
| Creditors | 10,799 | -6,728 | 63,617 | 16,611 | |
| Accruals and Deferred Income | -1,780 | -54,005 | 26,404 | 75,390 | |
| Deferred Taxes & Provisions | 2,029 | ||||
| Cash flow from operations | -121,013 | 315,680 | 195,778 | ||
| 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 | -31,193 | -2,893 | -20,201 | 87,048 | |
| other long term liabilities | -66,208 | 66,208 | |||
| share issue | |||||
| interest | |||||
| cash flow from financing | -2,688 | -86,409 | 153,361 | ||
| cash and cash equivalents | |||||
| cash | -9,507 | -237,480 | 166,151 | 136,103 | |
| overdraft | -424 | -51,323 | 50,551 | 1,196 | |
| change in cash | -9,083 | -186,157 | 115,600 | 134,907 |
a b g accountancy 2018 ltd Credit Report and Business Information
A B G Accountancy 2018 Ltd Competitor Analysis
Perform a competitor analysis for a b g accountancy 2018 ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in KT13 area or any other competitors across 12 key performance metrics.
a b g accountancy 2018 ltd Ownership
A B G ACCOUNTANCY 2018 LTD group structure
A B G Accountancy 2018 Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
A B G ACCOUNTANCY 2018 LTD
11238661
1 subsidiary
a b g accountancy 2018 ltd directors
A B G Accountancy 2018 Ltd currently has 3 directors. The longest serving directors include Mr Andrew Gadoros (Mar 2018) and Mr Richard Mulea (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Gadoros | 62 years | Mar 2018 | - | Director | |
| Mr Richard Mulea | 58 years | Mar 2018 | - | Director | |
| Mr Donald Nelson | England | 61 years | Jan 2023 | - | Director |
P&L
May 2023turnover
242.7k
-65%
operating profit
-431.2k
0%
gross margin
52.6%
-21.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
51.4k
-0.89%
total assets
216.5k
-0.68%
cash
55.3k
-0.15%
net assets
Total assets minus all liabilities
a b g accountancy 2018 ltd company details
company number
11238661
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
the quadrant centre limes road, weybridge, surrey, KT13 8DH
Bank
-
Legal Advisor
-
a b g accountancy 2018 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 found 1 charges/mortgages relating to a b g accountancy 2018 ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
a b g accountancy 2018 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 A B G ACCOUNTANCY 2018 LTD. This can take several minutes, an email will notify you when this has completed.
a b g accountancy 2018 ltd Companies House Filings - See Documents
| date | description | view/download |
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