abass & co. accountants and consult ltd.
abass & co. accountants and consult ltd. Company Information
Group Structure
View All
Industry
Bookkeeping activities
+2Registered Address
unit 4 marbridge house, harolds road, harlow, CM19 5BJ
Website
abassaccountants.co.ukabass & co. accountants and consult ltd. Estimated Valuation
Pomanda estimates the enterprise value of ABASS & CO. ACCOUNTANTS AND CONSULT LTD. at £9.2k based on a Turnover of £16k and 0.57x industry multiple (adjusted for size and gross margin).
abass & co. accountants and consult ltd. Estimated Valuation
Pomanda estimates the enterprise value of ABASS & CO. ACCOUNTANTS AND CONSULT LTD. at £0 based on an EBITDA of £-75.8k and a 3.69x industry multiple (adjusted for size and gross margin).
abass & co. accountants and consult ltd. Estimated Valuation
Pomanda estimates the enterprise value of ABASS & CO. ACCOUNTANTS AND CONSULT LTD. at £148.8k based on Net Assets of £42.4k and 3.51x industry multiple (adjusted for liquidity).
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Abass & Co. Accountants And Consult Ltd. Overview
Abass & Co. Accountants And Consult Ltd. is a live company located in harlow, CM19 5BJ with a Companies House number of 12101106. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2019, it's largest shareholder is abass abdul-karim with a 100% stake. Abass & Co. Accountants And Consult Ltd. is a young, micro sized company, Pomanda has estimated its turnover at £16k with declining growth in recent years.
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Abass & Co. Accountants And Consult Ltd. Health Check
Pomanda's financial health check has awarded Abass & Co. Accountants And Consult Ltd. a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £16k, make it smaller than the average company (£175.2k)
- Abass & Co. Accountants And Consult Ltd.
£175.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -59%, show it is growing at a slower rate (5%)
- Abass & Co. Accountants And Consult Ltd.
5% - Industry AVG
Production
with a gross margin of 45.2%, this company has a higher cost of product (83.8%)
- Abass & Co. Accountants And Consult Ltd.
83.8% - Industry AVG
Profitability
an operating margin of -472.7% make it less profitable than the average company (9%)
- Abass & Co. Accountants And Consult Ltd.
9% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
1 - Abass & Co. Accountants And Consult Ltd.
3 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
- Abass & Co. Accountants And Consult Ltd.
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £16k, this is less efficient (£69.4k)
- Abass & Co. Accountants And Consult Ltd.
£69.4k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is earlier than average (77 days)
- Abass & Co. Accountants And Consult Ltd.
77 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Abass & Co. Accountants And Consult Ltd.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Abass & Co. Accountants And Consult Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Abass & Co. Accountants And Consult Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.3%, this is a higher level of debt than the average (56.5%)
63.3% - Abass & Co. Accountants And Consult Ltd.
56.5% - Industry AVG
ABASS & CO. ACCOUNTANTS AND CONSULT LTD. financials
Abass & Co. Accountants And Consult Ltd.'s latest turnover from July 2023 is estimated at £16 thousand and the company has net assets of £42.4 thousand. According to their latest financial statements, Abass & Co. Accountants And Consult Ltd. has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | |
|---|---|---|---|---|
| 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 | 1 | 1 | 7 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | |
|---|---|---|---|---|
| Tangible Assets | 113,572 | 158,029 | 212,000 | |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 113,572 | 158,029 | 212,000 | |
| Stock & work in progress | ||||
| Trade Debtors | 1,812 | 44,259 | 122,944 | 156,851 |
| Group Debtors | ||||
| Misc Debtors | ||||
| Cash | ||||
| misc current assets | ||||
| total current assets | 1,812 | 44,259 | 122,944 | 156,851 |
| total assets | 115,384 | 202,288 | 334,944 | 156,851 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 43,668 | 46,366 | 26,002 | |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 43,668 | 46,366 | 26,002 | |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 73,034 | 40,494 | 50,000 | 50,000 |
| provisions | ||||
| total long term liabilities | 73,034 | 40,494 | 50,000 | 50,000 |
| total liabilities | 73,034 | 84,162 | 96,366 | 76,002 |
| net assets | 42,350 | 118,126 | 238,578 | 80,849 |
| total shareholders funds | 42,350 | 118,126 | 238,578 | 80,849 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -42,447 | -78,685 | -33,907 | 156,851 |
| Creditors | -43,668 | -2,698 | 20,364 | 26,002 |
| Accruals and Deferred Income | ||||
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | 32,540 | -9,506 | 50,000 | |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | ||||
| overdraft | ||||
| change in cash |
abass & co. accountants and consult ltd. Credit Report and Business Information
Abass & Co. Accountants And Consult Ltd. Competitor Analysis
Perform a competitor analysis for abass & co. accountants and consult ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CM19 area or any other competitors across 12 key performance metrics.
abass & co. accountants and consult ltd. Ownership
ABASS & CO. ACCOUNTANTS AND CONSULT LTD. group structure
Abass & Co. Accountants And Consult Ltd. has no subsidiary companies.
Ultimate parent company
ABASS & CO. ACCOUNTANTS AND CONSULT LTD.
12101106
abass & co. accountants and consult ltd. directors
Abass & Co. Accountants And Consult Ltd. currently has 1 director, Mr Abass Abdul-Karim serving since Jan 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Abass Abdul-Karim | England | 49 years | Jan 2024 | - | Director |
P&L
July 2023turnover
16k
-78%
operating profit
-75.8k
0%
gross margin
45.3%
+8.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
42.4k
-0.64%
total assets
115.4k
-0.43%
cash
0
0%
net assets
Total assets minus all liabilities
abass & co. accountants and consult ltd. company details
company number
12101106
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
69202 - Bookkeeping activities
69203 - Tax consultancy
incorporation date
July 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
unit 4 marbridge house, harolds road, harlow, CM19 5BJ
Bank
-
Legal Advisor
-
abass & co. accountants and consult 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 abass & co. accountants and consult ltd..
abass & co. accountants and consult 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.
Click to start generating capital raising & share issue transactions for ABASS & CO. ACCOUNTANTS AND CONSULT LTD.. This can take several minutes, an email will notify you when this has completed.
abass & co. accountants and consult ltd. Companies House Filings - See Documents
| date | description | view/download |
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