cloud tax solutions ltd

cloud tax solutions ltd Company Information

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Company Number

11724291

Industry

Accounting, and auditing activities

 

Tax consultancy

 

Directors

Graeme Morris

Shareholders

graeme kevin morris

Group Structure

View All

Contact

Registered Address

151b bury new road, whitefield, manchester, greater manchester, M45 6AA

Website

-

cloud tax solutions ltd Estimated Valuation

£35.3k

Pomanda estimates the enterprise value of CLOUD TAX SOLUTIONS LTD at £35.3k based on a Turnover of £49.9k and 0.71x industry multiple (adjusted for size and gross margin).

cloud tax solutions ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of CLOUD TAX SOLUTIONS LTD at £0 based on an EBITDA of £-1.2k and a 4.41x industry multiple (adjusted for size and gross margin).

cloud tax solutions ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of CLOUD TAX SOLUTIONS LTD at £0 based on Net Assets of £-23.9k and 3.55x industry multiple (adjusted for liquidity).

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Cloud Tax Solutions Ltd Overview

Cloud Tax Solutions Ltd is a live company located in manchester, M45 6AA with a Companies House number of 11724291. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 2018, it's largest shareholder is graeme kevin morris with a 100% stake. Cloud Tax Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £49.9k with high growth in recent years.

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Cloud Tax Solutions Ltd Health Check

Pomanda's financial health check has awarded Cloud Tax Solutions Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £49.9k, make it smaller than the average company (£179.5k)

£49.9k - Cloud Tax Solutions Ltd

£179.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.8%)

16% - Cloud Tax Solutions Ltd

6.8% - Industry AVG

production

Production

with a gross margin of 44.5%, this company has a higher cost of product (86.5%)

44.5% - Cloud Tax Solutions Ltd

86.5% - Industry AVG

profitability

Profitability

an operating margin of -2.4% make it less profitable than the average company (6.2%)

-2.4% - Cloud Tax Solutions Ltd

6.2% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (3)

1 - Cloud Tax Solutions Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)

£47.4k - Cloud Tax Solutions Ltd

£47.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £49.9k, this is less efficient (£87.5k)

£49.9k - Cloud Tax Solutions Ltd

£87.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Cloud Tax Solutions Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1587 days, this is slower than average (30 days)

1587 days - Cloud Tax Solutions Ltd

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cloud Tax Solutions Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (40 weeks)

0 weeks - Cloud Tax Solutions Ltd

40 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 121.8%, this is a higher level of debt than the average (48.6%)

121.8% - Cloud Tax Solutions Ltd

48.6% - Industry AVG

CLOUD TAX SOLUTIONS LTD financials

EXPORTms excel logo

Cloud Tax Solutions Ltd's latest turnover from September 2024 is estimated at £49.9 thousand and the company has net assets of -£23.9 thousand. According to their latest financial statements, Cloud Tax Solutions Ltd has 1 employee and maintains cash reserves of £16 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2024Sep 2023Sep 2022Dec 2021Dec 2020Dec 2019
Turnover49,92816,77536,41031,76730,37722,331
Other Income Or Grants000000
Cost Of Sales27,7209,64922,21518,04316,96911,376
Gross Profit22,2087,12614,19513,72413,40810,956
Admin Expenses23,40630,25714,30113,71818,7123,789
Operating Profit-1,198-23,131-1066-5,3047,167
Interest Payable000000
Interest Receivable8226000
Pre-Tax Profit-1,190-23,109-1006-5,3047,167
Tax000-10-1,362
Profit After Tax-1,190-23,109-1005-5,3045,805
Dividends Paid000000
Retained Profit-1,190-23,109-1005-5,3045,805
Employee Costs47,38337,40640,00636,16231,01036,510
Number Of Employees111111
EBITDA*-1,198-23,131-1066-5,3047,167

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2024Sep 2023Sep 2022Dec 2021Dec 2020Dec 2019
Tangible Assets000000
Intangible Assets100,000100,000100,000100,000100,0000
Investments & Other000000
Debtors (Due After 1 year)9,5009,5003,7535,8506,6190
Total Fixed Assets109,500109,500103,753105,850106,6190
Stock & work in progress000000
Trade Debtors017315,23715,23514,8705,864
Group Debtors000000
Misc Debtors000000
Cash1629953412910
misc current assets000000
total current assets1647215,77115,24714,9615,864
total assets109,516109,972119,524121,097121,5805,864
Bank overdraft000000
Bank loan000000
Trade Creditors 120,572117,52433224336759
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities120,572117,52433224336759
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities12,83615,150118,785120,347120,7110
provisions000000
total long term liabilities12,83615,150118,785120,347120,7110
total liabilities133,408132,674119,117120,590121,07859
net assets-23,892-22,7024075075025,805
total shareholders funds-23,892-22,7024075075025,805
Sep 2024Sep 2023Sep 2022Dec 2021Dec 2020Dec 2019
Operating Activities
Operating Profit-1,198-23,131-1066-5,3047,167
Depreciation000000
Amortisation000000
Tax000-10-1,362
Stock000000
Debtors-173-9,317-2,095-40415,6255,864
Creditors3,048117,19289-12430859
Accruals and Deferred Income000000
Deferred Taxes & Provisions000000
Cash flow from operations2,023103,3782,078285-20,6210
Investing Activities
capital expenditure0000-100,0000
Change in Investments000000
cash flow from investments0000-100,0000
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities-2,314-103,635-1,562-364120,7110
share issue000010
interest8226000
cash flow from financing-2,306-103,613-1,556-364120,7120
cash and cash equivalents
cash-283-235522-79910
overdraft000000
change in cash-283-235522-79910

cloud tax solutions 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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Cloud Tax Solutions Ltd Competitor Analysis

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Perform a competitor analysis for cloud tax solutions ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in M45 area or any other competitors across 12 key performance metrics.

cloud tax solutions ltd Ownership

CLOUD TAX SOLUTIONS LTD group structure

Cloud Tax Solutions Ltd has no subsidiary companies.

Ultimate parent company

CLOUD TAX SOLUTIONS LTD

11724291

CLOUD TAX SOLUTIONS LTD Shareholders

graeme kevin morris 100%

cloud tax solutions ltd directors

Cloud Tax Solutions Ltd currently has 1 director, Mr Graeme Morris serving since May 2019.

officercountryagestartendrole
Mr Graeme MorrisUnited Kingdom61 years May 2019- Director

P&L

September 2024

turnover

49.9k

+198%

operating profit

-1.2k

0%

gross margin

44.5%

+4.71%

turnover

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

Balance Sheet

September 2024

net assets

-23.9k

+0.05%

total assets

109.5k

0%

cash

16

-0.95%

net assets

Total assets minus all liabilities

cloud tax solutions ltd company details

company number

11724291

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

69203 - Tax consultancy

incorporation date

December 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

September 2024

previous names

tax planning solutions ltd (March 2023)

tax reclaims 4 u ltd (April 2022)

accountant

-

auditor

-

address

151b bury new road, whitefield, manchester, greater manchester, M45 6AA

Bank

-

Legal Advisor

-

cloud tax solutions 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 cloud tax solutions ltd.

cloud tax solutions 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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cloud tax solutions ltd Companies House Filings - See Documents

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