house of accountancy ltd

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house of accountancy ltd Company Information

Share HOUSE OF ACCOUNTANCY LTD

Company Number

11506077

Shareholders

hafiz najif ur rehman

Group Structure

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Industry

Tax consultancy

 +2

Registered Address

214 western road, southall, UB2 5JW

house of accountancy ltd Estimated Valuation

£176.7k

Pomanda estimates the enterprise value of HOUSE OF ACCOUNTANCY LTD at £176.7k based on a Turnover of £212.7k and 0.83x industry multiple (adjusted for size and gross margin).

house of accountancy ltd Estimated Valuation

£27.2k

Pomanda estimates the enterprise value of HOUSE OF ACCOUNTANCY LTD at £27.2k based on an EBITDA of £5.8k and a 4.69x industry multiple (adjusted for size and gross margin).

house of accountancy ltd Estimated Valuation

£86.4k

Pomanda estimates the enterprise value of HOUSE OF ACCOUNTANCY LTD at £86.4k based on Net Assets of £26.7k and 3.23x industry multiple (adjusted for liquidity).

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House Of Accountancy Ltd Overview

House Of Accountancy Ltd is a live company located in southall, UB2 5JW with a Companies House number of 11506077. It operates in the tax consultancy sector, SIC Code 69203. Founded in August 2018, it's largest shareholder is hafiz najif ur rehman with a 100% stake. House Of Accountancy Ltd is a young, micro sized company, Pomanda has estimated its turnover at £212.7k with high growth in recent years.

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House Of Accountancy Ltd Health Check

Pomanda's financial health check has awarded House Of Accountancy Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £212.7k, make it larger than the average company (£167.6k)

£212.7k - House Of Accountancy Ltd

£167.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.1%)

23% - House Of Accountancy Ltd

7.1% - Industry AVG

production

Production

with a gross margin of 79.5%, this company has a comparable cost of product (79.5%)

79.5% - House Of Accountancy Ltd

79.5% - Industry AVG

profitability

Profitability

an operating margin of 2.7% make it less profitable than the average company (7.8%)

2.7% - House Of Accountancy Ltd

7.8% - Industry AVG

employees

Employees

with 6 employees, this is above the industry average (2)

6 - House Of Accountancy Ltd

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)

£34.2k - House Of Accountancy Ltd

£34.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £35.5k, this is less efficient (£72.4k)

£35.5k - House Of Accountancy Ltd

£72.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is earlier than average (85 days)

49 days - House Of Accountancy Ltd

85 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 338 days, this is slower than average (22 days)

338 days - House Of Accountancy Ltd

22 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - House Of Accountancy Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 144 weeks, this is more cash available to meet short term requirements (31 weeks)

144 weeks - House Of Accountancy Ltd

31 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.1%, this is a higher level of debt than the average (58.3%)

82.1% - House Of Accountancy Ltd

58.3% - Industry AVG

HOUSE OF ACCOUNTANCY LTD financials

EXPORTms excel logo

House Of Accountancy Ltd's latest turnover from January 2024 is estimated at £212.7 thousand and the company has net assets of £26.7 thousand. According to their latest financial statements, House Of Accountancy Ltd has 6 employees and maintains cash reserves of £112.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Turnover212,708199,312201,137113,261169,477
Other Income Or Grants
Cost Of Sales43,65836,40431,71213,0027,923
Gross Profit169,050162,908169,426100,259161,554
Admin Expenses163,243157,768160,18083,109173,856
Operating Profit5,8075,1409,24617,150-12,302
Interest Payable85
Interest Receivable6,4534,91025026
Pre-Tax Profit12,26010,0429,49017,177-12,302
Tax-3,065-1,908-1,803-3,264
Profit After Tax9,1958,1347,68713,913-12,302
Dividends Paid
Retained Profit9,1958,1347,68713,913-12,302
Employee Costs205,346200,188185,430152,574107,452
Number Of Employees66764
EBITDA*5,8075,14013,24617,150-6,953

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Tangible Assets8,3708,87011,69812,67916,049
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets8,3708,87011,69812,67916,049
Stock & work in progress
Trade Debtors28,91625,24022,423131,212
Group Debtors
Misc Debtors833833
Cash112,233133,589146,96852,695
misc current assets
total current assets141,149158,829170,22453,52931,212
total assets149,519167,699181,92266,20847,261
Bank overdraft170
Bank loan
Trade Creditors 40,50458,50030,0009,563
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities42,35414,497
total current liabilities40,50458,50072,52414,4979,563
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities82,28891,667100,00050,00050,000
provisions
total long term liabilities82,28891,667100,00050,00050,000
total liabilities122,792150,167172,52464,49759,563
net assets26,72717,5329,3981,711-12,302
total shareholders funds26,72717,5329,3981,711-12,302
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Operating Activities
Operating Profit5,8075,1409,24617,150-12,302
Depreciation4,0005,349
Amortisation
Tax-3,065-1,908-1,803-3,264
Stock
Debtors3,6761,98422,422-30,37831,212
Creditors-17,99628,50030,000-9,5639,563
Accruals and Deferred Income-42,35427,85714,497
Deferred Taxes & Provisions
Cash flow from operations-18,930-12,60646,87849,198-28,602
Investing Activities
capital expenditure5002,828-3,0193,370-21,398
Change in Investments
cash flow from investments5002,828-3,0193,370-21,398
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-9,379-8,33350,00050,000
share issue100
interest6,4534,90224526
cash flow from financing-2,926-3,43150,24512650,000
cash and cash equivalents
cash-21,356-13,37994,27352,695
overdraft-170170
change in cash-21,356-13,20994,10352,695

house of accountancy ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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House Of Accountancy Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for house of accountancy ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in UB2 area or any other competitors across 12 key performance metrics.

house of accountancy ltd Ownership

HOUSE OF ACCOUNTANCY LTD group structure

House Of Accountancy Ltd has no subsidiary companies.

Ultimate parent company

HOUSE OF ACCOUNTANCY LTD

11506077

HOUSE OF ACCOUNTANCY LTD Shareholders

hafiz najif ur rehman 100%

house of accountancy ltd directors

House Of Accountancy Ltd currently has 2 directors. The longest serving directors include Mr Hafiz Najif-Ur-Rehman (Aug 2018) and Mr Hafiz Najif-Ur-Rehman (Aug 2018).

officercountryagestartendrole
Mr Hafiz Najif-Ur-RehmanEngland36 years Aug 2018- Director
Mr Hafiz Najif-Ur-RehmanEngland36 years Aug 2018- Director

P&L

January 2024

turnover

212.7k

+7%

operating profit

5.8k

0%

gross margin

79.5%

-2.77%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2024

net assets

26.7k

+0.52%

total assets

149.5k

-0.11%

cash

112.2k

-0.16%

net assets

Total assets minus all liabilities

house of accountancy ltd company details

company number

11506077

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69203 - Tax consultancy

69202 - Bookkeeping activities

incorporation date

August 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

-

address

214 western road, southall, UB2 5JW

Bank

-

Legal Advisor

-

house of accountancy 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 house of accountancy ltd.

house of accountancy 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.

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house of accountancy ltd Companies House Filings - See Documents

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