lee accounting services 2018 limited
lee accounting services 2018 limited Company Information
Company Number
11241654
Website
leeaccs.comRegistered Address
26 high street, rickmansworth, hertfordshire, WD3 1ER
Industry
Accounting, and auditing activities
Telephone
441923897975
Next Accounts Due
February 2025
Group Structure
View All
lee accounting services 2018 limited Estimated Valuation
Pomanda estimates the enterprise value of LEE ACCOUNTING SERVICES 2018 LIMITED at £235.6k based on a Turnover of £312.4k and 0.75x industry multiple (adjusted for size and gross margin).
lee accounting services 2018 limited Estimated Valuation
Pomanda estimates the enterprise value of LEE ACCOUNTING SERVICES 2018 LIMITED at £0 based on an EBITDA of £-197.4k and a 4.07x industry multiple (adjusted for size and gross margin).
lee accounting services 2018 limited Estimated Valuation
Pomanda estimates the enterprise value of LEE ACCOUNTING SERVICES 2018 LIMITED at £425.5k based on Net Assets of £156.5k and 2.72x industry multiple (adjusted for liquidity).
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Lee Accounting Services 2018 Limited Overview
Lee Accounting Services 2018 Limited is a live company located in hertfordshire, WD3 1ER with a Companies House number of 11241654. 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. Lee Accounting Services 2018 Limited is a young, micro sized company, Pomanda has estimated its turnover at £312.4k with declining growth in recent years.
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Lee Accounting Services 2018 Limited Health Check
Pomanda's financial health check has awarded Lee Accounting Services 2018 Limited a 2 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
2 Regular
6 Weak
Size
annual sales of £312.4k, make it larger than the average company (£142.5k)
- Lee Accounting Services 2018 Limited
£142.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (5.5%)
- Lee Accounting Services 2018 Limited
5.5% - Industry AVG
Production
with a gross margin of 48.2%, this company has a higher cost of product (71.6%)
- Lee Accounting Services 2018 Limited
71.6% - Industry AVG
Profitability
an operating margin of -78.7% make it less profitable than the average company (17.2%)
- Lee Accounting Services 2018 Limited
17.2% - Industry AVG
Employees
with 9 employees, this is above the industry average (3)
9 - Lee Accounting Services 2018 Limited
3 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has an equivalent pay structure (£20.9k)
- Lee Accounting Services 2018 Limited
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £34.7k, this is less efficient (£71k)
- Lee Accounting Services 2018 Limited
£71k - Industry AVG
Debtor Days
it gets paid by customers after 172 days, this is later than average (97 days)
- Lee Accounting Services 2018 Limited
97 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (26 days)
- Lee Accounting Services 2018 Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lee Accounting Services 2018 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (22 weeks)
10 weeks - Lee Accounting Services 2018 Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.7%, this is a similar level of debt than the average (57.9%)
52.7% - Lee Accounting Services 2018 Limited
57.9% - Industry AVG
LEE ACCOUNTING SERVICES 2018 LIMITED financials
Lee Accounting Services 2018 Limited's latest turnover from May 2023 is estimated at £312.4 thousand and the company has net assets of £156.5 thousand. According to their latest financial statements, Lee Accounting Services 2018 Limited has 9 employees and maintains cash reserves of £35.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 677,528 | |||||
| Other Income Or Grants | 0 | |||||
| Cost Of Sales | 271,439 | |||||
| Gross Profit | 406,089 | |||||
| Admin Expenses | 143,028 | |||||
| Operating Profit | 263,061 | |||||
| Interest Payable | 0 | |||||
| Interest Receivable | 0 | |||||
| Pre-Tax Profit | 212,111 | |||||
| Tax | 0 | |||||
| Profit After Tax | 212,111 | |||||
| Dividends Paid | 42,000 | |||||
| Retained Profit | 170,111 | |||||
| Employee Costs | 310,815 | |||||
| Number Of Employees | 9 | 8 | 9 | 9 | ||
| EBITDA* | 264,110 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 52,513 | 28,180 | 4,055 | 4,534 | 0 | 0 |
| Intangible Assets | 2 | 2 | 2 | 2 | 0 | 0 |
| Investments & Other | 320 | 1 | 1 | 1 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 52,835 | 28,183 | 4,058 | 4,537 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 15,078 | 0 | 0 |
| Trade Debtors | 147,337 | 246,734 | 130,903 | 90,940 | 0 | 0 |
| Group Debtors | 70,000 | 170,000 | 420 | 420 | 0 | 0 |
| Misc Debtors | 25,260 | 20,490 | 61,809 | 47,415 | 0 | 0 |
| Cash | 35,344 | 71,517 | 189,589 | 144,324 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 277,941 | 508,741 | 382,721 | 298,177 | 0 | 0 |
| total assets | 330,776 | 536,924 | 386,779 | 302,714 | 0 | 0 |
| Bank overdraft | 1,847 | 1,520 | 1,765 | 960 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 29,074 | 4,973 | 12,974 | 15,215 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 219 | 4,214 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 42,423 | 15,247 | 0 | 0 | 0 | 0 |
| other current liabilities | 94,945 | 108,918 | 80,329 | 110,564 | 0 | 0 |
| total current liabilities | 168,289 | 130,658 | 95,287 | 130,953 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 5,950 | 5,936 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 132 | 132 | 862 | 0 | 0 |
| total long term liabilities | 5,950 | 6,068 | 132 | 862 | 0 | 0 |
| total liabilities | 174,239 | 136,726 | 95,419 | 131,815 | 0 | 0 |
| net assets | 156,537 | 400,198 | 291,360 | 170,899 | 0 | 0 |
| total shareholders funds | 156,537 | 400,198 | 291,360 | 170,899 | 0 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 263,061 | |||||
| Depreciation | 48,518 | 25,918 | 1,228 | 1,049 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | 0 | |||||
| Stock | 0 | 0 | -15,078 | 15,078 | 0 | 0 |
| Debtors | -194,627 | 244,092 | 54,357 | 138,775 | 0 | 0 |
| Creditors | 24,101 | -8,001 | -2,241 | 15,215 | 0 | 0 |
| Accruals and Deferred Income | -13,973 | 28,589 | -30,235 | 110,564 | 0 | 0 |
| Deferred Taxes & Provisions | -132 | 0 | -730 | 862 | 0 | 0 |
| Cash flow from operations | 236,898 | |||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 319 | 0 | 0 | 1 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -219 | -3,995 | 4,214 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 27,190 | 21,183 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 0 | |||||
| cash flow from financing | 5,002 | |||||
| cash and cash equivalents | ||||||
| cash | -36,173 | -118,072 | 45,265 | 144,324 | 0 | 0 |
| overdraft | 327 | -245 | 805 | 960 | 0 | 0 |
| change in cash | -36,500 | -117,827 | 44,460 | 143,364 | 0 | 0 |
lee accounting services 2018 limited Credit Report and Business Information
Lee Accounting Services 2018 Limited Competitor Analysis
Perform a competitor analysis for lee accounting services 2018 limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in WD3 area or any other competitors across 12 key performance metrics.
lee accounting services 2018 limited Ownership
LEE ACCOUNTING SERVICES 2018 LIMITED group structure
Lee Accounting Services 2018 Limited has 1 subsidiary company.
Ultimate parent company
2 parents
LEE ACCOUNTING SERVICES 2018 LIMITED
11241654
1 subsidiary
lee accounting services 2018 limited directors
Lee Accounting Services 2018 Limited currently has 5 directors. The longest serving directors include Mrs Patsy Lee (Mar 2018) and Mr Mark King (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Patsy Lee | England | 61 years | Mar 2018 | - | Director |
| Mr Mark King | England | 40 years | Sep 2020 | - | Director |
| Mr John Lee | United Kingdom | 68 years | Jan 2024 | - | Director |
| Mr Paul Davies | England | 63 years | Jan 2024 | - | Director |
| Mr Donald Nelson | England | 61 years | Jan 2024 | - | Director |
P&L
May 2023turnover
312.4k
-24%
operating profit
-245.9k
0%
gross margin
48.2%
-0.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
156.5k
-0.61%
total assets
330.8k
-0.38%
cash
35.3k
-0.51%
net assets
Total assets minus all liabilities
Similar Companies
lee accounting services 2018 limited company details
company number
11241654
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
26 high street, rickmansworth, hertfordshire, WD3 1ER
Bank
-
Legal Advisor
-
lee accounting services 2018 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 found 1 charges/mortgages relating to lee accounting services 2018 limited. Currently there are 1 open charges and 0 have been satisfied in the past.
lee accounting services 2018 limited Companies House Filings - See Documents
| date | description | view/download |
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