nexus accountants & taxation limited
nexus accountants & taxation limited Company Information
Company Number
11275399
Registered Address
8 ashgrove road, ilford, IG3 9XE
Industry
Accounting, and auditing activities
Tax consultancy
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Muhammad Shahid6 Years
Shareholders
muhammad imran shahid 100%
nexus accountants & taxation limited Estimated Valuation
Pomanda estimates the enterprise value of NEXUS ACCOUNTANTS & TAXATION LIMITED at £32.8k based on a Turnover of £40.8k and 0.81x industry multiple (adjusted for size and gross margin).
nexus accountants & taxation limited Estimated Valuation
Pomanda estimates the enterprise value of NEXUS ACCOUNTANTS & TAXATION LIMITED at £12.9k based on an EBITDA of £3.4k and a 3.79x industry multiple (adjusted for size and gross margin).
nexus accountants & taxation limited Estimated Valuation
Pomanda estimates the enterprise value of NEXUS ACCOUNTANTS & TAXATION LIMITED at £19.7k based on Net Assets of £6.4k and 3.07x industry multiple (adjusted for liquidity).
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Nexus Accountants & Taxation Limited Overview
Nexus Accountants & Taxation Limited is a live company located in ilford, IG3 9XE with a Companies House number of 11275399. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2018, it's largest shareholder is muhammad imran shahid with a 100% stake. Nexus Accountants & Taxation Limited is a young, micro sized company, Pomanda has estimated its turnover at £40.8k with declining growth in recent years.
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Nexus Accountants & Taxation Limited Health Check
Pomanda's financial health check has awarded Nexus Accountants & Taxation Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £40.8k, make it smaller than the average company (£189.8k)
- Nexus Accountants & Taxation Limited
£189.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (5.5%)
- Nexus Accountants & Taxation Limited
5.5% - Industry AVG
Production
with a gross margin of 42%, this company has a higher cost of product (69.8%)
- Nexus Accountants & Taxation Limited
69.8% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (13.7%)
- Nexus Accountants & Taxation Limited
13.7% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Nexus Accountants & Taxation Limited
3 - Industry AVG
Pay Structure
on an average salary of £6k, the company has a lower pay structure (£30.1k)
£6k - Nexus Accountants & Taxation Limited
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £13.6k, this is less efficient (£81.7k)
- Nexus Accountants & Taxation Limited
£81.7k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (84 days)
- Nexus Accountants & Taxation Limited
84 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is slower than average (21 days)
- Nexus Accountants & Taxation Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nexus Accountants & Taxation Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 557 weeks, this is more cash available to meet short term requirements (32 weeks)
557 weeks - Nexus Accountants & Taxation Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.7%, this is a higher level of debt than the average (52.2%)
72.7% - Nexus Accountants & Taxation Limited
52.2% - Industry AVG
NEXUS ACCOUNTANTS & TAXATION LIMITED financials
Nexus Accountants & Taxation Limited's latest turnover from March 2023 is estimated at £40.8 thousand and the company has net assets of £6.4 thousand. According to their latest financial statements, Nexus Accountants & Taxation Limited has 3 employees and maintains cash reserves of £20.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | 18,000 | 31,157 | |||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,321 | 1,619 | 3,609 | 3,407 | 4,909 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,321 | 1,619 | 3,609 | 3,407 | 4,909 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 233 | 0 | 0 | 0 | 209 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 20,904 | 28,834 | 19,935 | 4,263 | 4,727 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,137 | 28,834 | 19,935 | 4,263 | 4,936 |
| total assets | 23,458 | 30,453 | 23,544 | 7,670 | 9,845 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,951 | 4,350 | 3,342 | 7,320 | 7,860 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,951 | 4,350 | 3,342 | 7,320 | 7,860 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 15,095 | 21,506 | 17,855 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,095 | 21,506 | 17,855 | 0 | 0 |
| total liabilities | 17,046 | 25,856 | 21,197 | 7,320 | 7,860 |
| net assets | 6,412 | 4,597 | 2,347 | 350 | 1,985 |
| total shareholders funds | 6,412 | 4,597 | 2,347 | 350 | 1,985 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 2,225 | 0 | 2,309 | 1,682 | 1,636 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 233 | 0 | 0 | -209 | 209 |
| Creditors | -2,399 | 1,008 | -3,978 | -540 | 7,860 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -6,411 | 3,651 | 17,855 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -7,930 | 8,899 | 15,672 | -464 | 4,727 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,930 | 8,899 | 15,672 | -464 | 4,727 |
nexus accountants & taxation limited Credit Report and Business Information
Nexus Accountants & Taxation Limited Competitor Analysis
Perform a competitor analysis for nexus accountants & taxation limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in IG3 area or any other competitors across 12 key performance metrics.
nexus accountants & taxation limited Ownership
NEXUS ACCOUNTANTS & TAXATION LIMITED group structure
Nexus Accountants & Taxation Limited has no subsidiary companies.
Ultimate parent company
NEXUS ACCOUNTANTS & TAXATION LIMITED
11275399
nexus accountants & taxation limited directors
Nexus Accountants & Taxation Limited currently has 1 director, Mr Muhammad Shahid serving since Mar 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Muhammad Shahid | England | 38 years | Mar 2018 | - | Director |
P&L
March 2023turnover
40.8k
-61%
operating profit
1.2k
0%
gross margin
42%
-0.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.4k
+0.39%
total assets
23.5k
-0.23%
cash
20.9k
-0.28%
net assets
Total assets minus all liabilities
nexus accountants & taxation limited company details
company number
11275399
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
69203 - Tax consultancy
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2023
previous names
nexus financial services limited (June 2018)
accountant
NEXUS ACCOUNTANTS & TAXATION LIMITED
auditor
-
address
8 ashgrove road, ilford, IG3 9XE
Bank
-
Legal Advisor
-
nexus accountants & taxation 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 nexus accountants & taxation limited.
nexus accountants & taxation limited Companies House Filings - See Documents
| date | description | view/download |
|---|
