newacc (2018) limited
newacc (2018) limited Company Information
Company Number
11613016
Website
-Registered Address
belgrave house, 39-43 monument hill, weybridge, surrey, KT13 8RN
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
british smaller companies vct plc 30.2%
yfm global equity partners growth i (gp) limited 25.1%
View Allnewacc (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of NEWACC (2018) LIMITED at £86.7m based on a Turnover of £72.8m and 1.19x industry multiple (adjusted for size and gross margin).
newacc (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of NEWACC (2018) LIMITED at £24.1m based on an EBITDA of £2.8m and a 8.75x industry multiple (adjusted for size and gross margin).
newacc (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of NEWACC (2018) LIMITED at £24.2m based on Net Assets of £8.1m and 2.99x industry multiple (adjusted for liquidity).
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Newacc (2018) Limited Overview
Newacc (2018) Limited is a live company located in weybridge, KT13 8RN with a Companies House number of 11613016. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2018, it's largest shareholder is british smaller companies vct plc with a 30.2% stake. Newacc (2018) Limited is a young, large sized company, Pomanda has estimated its turnover at £72.8m with declining growth in recent years.
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Newacc (2018) Limited Health Check
Pomanda's financial health check has awarded Newacc (2018) 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 £72.8m, make it larger than the average company (£1.1m)
£72.8m - Newacc (2018) Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (4.5%)
-25% - Newacc (2018) Limited
4.5% - Industry AVG
Production
with a gross margin of 14.3%, this company has a higher cost of product (41.2%)
14.3% - Newacc (2018) Limited
41.2% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (7%)
-0.7% - Newacc (2018) Limited
7% - Industry AVG
Employees
with 50 employees, this is above the industry average (15)
50 - Newacc (2018) Limited
15 - Industry AVG
Pay Structure
on an average salary of £94.7k, the company has a higher pay structure (£32.2k)
£94.7k - Newacc (2018) Limited
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£95.1k)
£1.5m - Newacc (2018) Limited
£95.1k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (31 days)
12 days - Newacc (2018) Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (43 days)
18 days - Newacc (2018) Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Newacc (2018) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is average cash available to meet short term requirements (43 weeks)
43 weeks - Newacc (2018) Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.5%, this is a higher level of debt than the average (47.2%)
58.5% - Newacc (2018) Limited
47.2% - Industry AVG
newacc (2018) limited Credit Report and Business Information
Newacc (2018) Limited Competitor Analysis
Perform a competitor analysis for newacc (2018) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
newacc (2018) limited Ownership
NEWACC (2018) LIMITED group structure
Newacc (2018) Limited has 1 subsidiary company.
Ultimate parent company
NEWACC (2018) LIMITED
11613016
1 subsidiary
newacc (2018) limited directors
Newacc (2018) Limited currently has 7 directors. The longest serving directors include Mr Phillip Aird-Mash (Oct 2018) and Mr Philip Mathews (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Phillip Aird-Mash | 49 years | Oct 2018 | - | Director | |
| Mr Philip Mathews | United Kingdom | 57 years | Oct 2018 | - | Director |
| Mr Robert Watts | United Kingdom | 34 years | Mar 2019 | - | Director |
| Mr David Williams | United Kingdom | 41 years | Apr 2019 | - | Director |
| Mr Richard Smith | United Kingdom | 61 years | Apr 2019 | - | Director |
| Mr Richard Daniel | 57 years | May 2020 | - | Director | |
| Mr James Stamp | England | 51 years | Feb 2022 | - | Director |
NEWACC (2018) LIMITED financials
Newacc (2018) Limited's latest turnover from December 2022 is £72.8 million and the company has net assets of £8.1 million. According to their latest financial statements, Newacc (2018) Limited has 50 employees and maintains cash reserves of £9.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 72,763,000 | 41,836,000 | 34,907,000 | 175,899,000 | 25,647,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 62,361,000 | 35,885,000 | 30,444,000 | 154,220,000 | 23,176,000 |
| Gross Profit | 10,402,000 | 5,951,000 | 4,463,000 | 21,679,000 | 2,471,000 |
| Admin Expenses | 10,946,000 | 8,360,000 | 8,383,000 | 12,586,000 | 1,210,000 |
| Operating Profit | -544,000 | -2,409,000 | -3,920,000 | 9,093,000 | 1,261,000 |
| Interest Payable | 0 | 2,000 | 0 | 0 | |
| Interest Receivable | 18,000 | 0 | 10,000 | 58,000 | 15,000 |
| Pre-Tax Profit | -721,000 | -2,230,000 | -3,751,000 | 9,266,000 | 1,276,000 |
| Tax | -382,000 | -292,000 | -188,000 | -2,318,000 | -189,000 |
| Profit After Tax | -1,103,000 | -2,522,000 | -3,939,000 | 6,948,000 | 1,087,000 |
| Dividends Paid | 0 | 0 | 10,000,000 | 0 | 0 |
| Retained Profit | -1,103,000 | -2,522,000 | -13,939,000 | 6,948,000 | 1,087,000 |
| Employee Costs | 4,736,000 | 3,470,000 | 3,041,000 | 5,417,000 | 445,000 |
| Number Of Employees | 50 | 47 | 55 | 56 | 46 |
| EBITDA* | 2,757,000 | 870,000 | -619,000 | 12,528,000 | 1,708,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 209,000 | 93,000 | 84,000 | 120,000 | 106,000 |
| Intangible Assets | 2,911,000 | 6,159,000 | 9,406,000 | 12,653,000 | 12,722,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,120,000 | 6,252,000 | 9,490,000 | 12,773,000 | 12,828,000 |
| Stock & work in progress | 0 | 0 | 0 | 113,000 | 12,000 |
| Trade Debtors | 2,466,000 | 1,963,000 | 1,516,000 | 1,476,000 | 9,630,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,390,000 | 1,908,000 | 2,550,000 | 15,729,000 | 8,174,000 |
| Cash | 9,518,000 | 7,433,000 | 7,164,000 | 21,919,000 | 14,230,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,374,000 | 11,304,000 | 11,230,000 | 39,237,000 | 32,046,000 |
| total assets | 19,494,000 | 17,556,000 | 20,720,000 | 52,010,000 | 44,874,000 |
| Bank overdraft | 0 | 0 | 118,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,169,000 | 3,247,000 | 4,654,000 | 5,466,000 | 7,161,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 120,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,201,000 | 4,568,000 | 3,550,000 | 20,323,000 | 19,086,000 |
| total current liabilities | 11,370,000 | 7,815,000 | 8,442,000 | 25,789,000 | 26,247,000 |
| loans | 0 | 0 | 0 | 0 | 972,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 25,000 | 14,000 | 6,000 | 10,000 | 8,000 |
| total long term liabilities | 25,000 | 14,000 | 6,000 | 10,000 | 980,000 |
| total liabilities | 11,395,000 | 7,829,000 | 8,448,000 | 25,799,000 | 27,227,000 |
| net assets | 8,099,000 | 9,727,000 | 12,272,000 | 26,211,000 | 17,647,000 |
| total shareholders funds | 8,099,000 | 9,727,000 | 12,272,000 | 26,211,000 | 17,647,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -544,000 | -2,409,000 | -3,920,000 | 9,093,000 | 1,261,000 |
| Depreciation | 53,000 | 32,000 | 54,000 | 290,000 | 8,000 |
| Amortisation | 3,248,000 | 3,247,000 | 3,247,000 | 3,145,000 | 439,000 |
| Tax | -382,000 | -292,000 | -188,000 | -2,318,000 | -189,000 |
| Stock | 0 | 0 | -113,000 | 101,000 | 12,000 |
| Debtors | 2,985,000 | -195,000 | -13,139,000 | -599,000 | 17,804,000 |
| Creditors | -78,000 | -1,407,000 | -812,000 | -1,695,000 | 7,161,000 |
| Accruals and Deferred Income | 3,633,000 | 1,018,000 | -16,773,000 | 1,237,000 | 19,086,000 |
| Deferred Taxes & Provisions | 11,000 | 8,000 | -4,000 | 2,000 | 8,000 |
| Cash flow from operations | 2,956,000 | 392,000 | -5,144,000 | 10,252,000 | 9,958,000 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 13,957,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 13,957,000 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -120,000 | 120,000 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -972,000 | 972,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 18,000 | -2,000 | 10,000 | 58,000 | |
| cash flow from financing | -507,000 | -145,000 | 130,000 | 702,000 | |
| cash and cash equivalents | |||||
| cash | 2,085,000 | 269,000 | -14,755,000 | 7,689,000 | 14,230,000 |
| overdraft | 0 | -118,000 | 118,000 | 0 | 0 |
| change in cash | 2,085,000 | 387,000 | -14,873,000 | 7,689,000 | 14,230,000 |
P&L
December 2022turnover
72.8m
+74%
operating profit
-544k
-77%
gross margin
14.3%
+0.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.1m
-0.17%
total assets
19.5m
+0.11%
cash
9.5m
+0.28%
net assets
Total assets minus all liabilities
newacc (2018) limited company details
company number
11613016
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
belgrave house, 39-43 monument hill, weybridge, surrey, KT13 8RN
last accounts submitted
December 2022
newacc (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 did not find charges/mortgages relating to newacc (2018) limited.
newacc (2018) limited Companies House Filings - See Documents
| date | description | view/download |
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