mfk accountants ltd
mfk accountants ltd Company Information
Company Number
11331853
Website
mfkaccountants.co.ukRegistered Address
135c the broadway, southall, middlesex, UB1 1LW
Industry
Accounting, and auditing activities
Telephone
02081080340
Next Accounts Due
January 2025
Group Structure
View All
Directors
Muhammad Khan6 Years
Shareholders
muhammad fasahat khan 55%
afreen khan 45%
mfk accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of MFK ACCOUNTANTS LTD at £37.3k based on a Turnover of £47.4k and 0.79x industry multiple (adjusted for size and gross margin).
mfk accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of MFK ACCOUNTANTS LTD at £14.1k based on an EBITDA of £3.1k and a 4.59x industry multiple (adjusted for size and gross margin).
mfk accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of MFK ACCOUNTANTS LTD at £0 based on Net Assets of £-21.6k and 1.85x industry multiple (adjusted for liquidity).
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Mfk Accountants Ltd Overview
Mfk Accountants Ltd is a live company located in middlesex, UB1 1LW with a Companies House number of 11331853. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2018, it's largest shareholder is muhammad fasahat khan with a 55% stake. Mfk Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £47.4k with declining growth in recent years.
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Mfk Accountants Ltd Health Check
Pomanda's financial health check has awarded Mfk Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £47.4k, make it smaller than the average company (£138.5k)
- Mfk Accountants Ltd
£138.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (6.4%)
- Mfk Accountants Ltd
6.4% - Industry AVG
Production
with a gross margin of 48.4%, this company has a higher cost of product (72.7%)
- Mfk Accountants Ltd
72.7% - Industry AVG
Profitability
an operating margin of 6.5% make it less profitable than the average company (17%)
- Mfk Accountants Ltd
17% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Mfk Accountants Ltd
3 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has an equivalent pay structure (£20.9k)
- Mfk Accountants Ltd
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £15.8k, this is less efficient (£70.9k)
- Mfk Accountants Ltd
£70.9k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is earlier than average (95 days)
- Mfk Accountants Ltd
95 days - Industry AVG
Creditor Days
its suppliers are paid after 260 days, this is slower than average (26 days)
- Mfk Accountants Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mfk Accountants Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mfk Accountants Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 145.4%, this is a higher level of debt than the average (57.9%)
145.4% - Mfk Accountants Ltd
57.9% - Industry AVG
MFK ACCOUNTANTS LTD financials
Mfk Accountants Ltd's latest turnover from April 2023 is estimated at £47.4 thousand and the company has net assets of -£21.6 thousand. According to their latest financial statements, Mfk Accountants Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 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 | |||||
| Number Of Employees | 3 | 4 | 4 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 37,043 | 21,256 | 3,809 | 2,653 | 0 |
| 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 | 37,043 | 21,256 | 3,809 | 2,653 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,725 | 3,477 | 47,006 | 23,441 | 5,107 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,787 | 4,787 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,512 | 8,264 | 47,006 | 23,441 | 5,107 |
| total assets | 47,555 | 29,520 | 50,815 | 26,094 | 5,107 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,463 | 10,339 | 9,323 | 31,185 | 18,792 |
| 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 | 17,463 | 10,339 | 9,323 | 31,185 | 18,792 |
| 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 | 51,685 | 43,085 | 49,341 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 51,685 | 43,085 | 49,341 | 0 | 0 |
| total liabilities | 69,148 | 53,424 | 58,664 | 31,185 | 18,792 |
| net assets | -21,593 | -23,904 | -7,849 | -5,091 | -13,685 |
| total shareholders funds | -21,593 | -23,904 | -7,849 | -5,091 | -13,685 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | ||||
| Amortisation | 0 | ||||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,248 | -38,742 | 23,565 | 18,334 | 5,107 |
| Creditors | 7,124 | 1,016 | -21,862 | 12,393 | 18,792 |
| 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 | 8,600 | -6,256 | 49,341 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
mfk accountants ltd Credit Report and Business Information
Mfk Accountants Ltd Competitor Analysis
Perform a competitor analysis for mfk accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in UB1 area or any other competitors across 12 key performance metrics.
mfk accountants ltd Ownership
MFK ACCOUNTANTS LTD group structure
Mfk Accountants Ltd has no subsidiary companies.
Ultimate parent company
MFK ACCOUNTANTS LTD
11331853
mfk accountants ltd directors
Mfk Accountants Ltd currently has 1 director, Mr Muhammad Khan serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Muhammad Khan | United Kingdom | 54 years | Apr 2018 | - | Director |
P&L
April 2023turnover
47.4k
-18%
operating profit
3.1k
0%
gross margin
48.4%
+0.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-21.6k
-0.1%
total assets
47.6k
+0.61%
cash
0
0%
net assets
Total assets minus all liabilities
mfk accountants ltd company details
company number
11331853
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
April 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
135c the broadway, southall, middlesex, UB1 1LW
accountant
-
auditor
-
mfk accountants 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 mfk accountants ltd.
mfk accountants ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
