v & r accountancy services limited

v & r accountancy services limited Company Information

Share V & R ACCOUNTANCY SERVICES LIMITED
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Company Number

12298432

Industry

Accounting, and auditing activities

 

Shareholders

graham john rummens

ross kenneth verinder

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Group Structure

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Contact

Registered Address

cropton house three tuns lane, formby, merseyside, L37 4AQ

Website

-

v & r accountancy services limited Estimated Valuation

£264.3k

Pomanda estimates the enterprise value of V & R ACCOUNTANCY SERVICES LIMITED at £264.3k based on a Turnover of £349.6k and 0.76x industry multiple (adjusted for size and gross margin).

v & r accountancy services limited Estimated Valuation

£112.9k

Pomanda estimates the enterprise value of V & R ACCOUNTANCY SERVICES LIMITED at £112.9k based on an EBITDA of £23.6k and a 4.78x industry multiple (adjusted for size and gross margin).

v & r accountancy services limited Estimated Valuation

£31.6k

Pomanda estimates the enterprise value of V & R ACCOUNTANCY SERVICES LIMITED at £31.6k based on Net Assets of £10.4k and 3.05x industry multiple (adjusted for liquidity).

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V & R Accountancy Services Limited Overview

V & R Accountancy Services Limited is a live company located in merseyside, L37 4AQ with a Companies House number of 12298432. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in November 2019, it's largest shareholder is graham john rummens with a 50% stake. V & R Accountancy Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £349.6k with unknown growth in recent years.

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V & R Accountancy Services Limited Health Check

Pomanda's financial health check has awarded V & R Accountancy Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £349.6k, make it larger than the average company (£198.5k)

£349.6k - V & R Accountancy Services Limited

£198.5k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - V & R Accountancy Services Limited

- - Industry AVG

production

Production

with a gross margin of 53.5%, this company has a higher cost of product (96.1%)

53.5% - V & R Accountancy Services Limited

96.1% - Industry AVG

profitability

Profitability

an operating margin of 0.4% make it less profitable than the average company (10.1%)

0.4% - V & R Accountancy Services Limited

10.1% - Industry AVG

employees

Employees

with 12 employees, this is above the industry average (3)

12 - V & R Accountancy Services Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.3k, the company has an equivalent pay structure (£35.3k)

£35.3k - V & R Accountancy Services Limited

£35.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £29.1k, this is less efficient (£81.3k)

£29.1k - V & R Accountancy Services Limited

£81.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 125 days, this is later than average (76 days)

125 days - V & R Accountancy Services Limited

76 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 182 days, this is slower than average (26 days)

182 days - V & R Accountancy Services Limited

26 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - V & R Accountancy Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (38 weeks)

2 weeks - V & R Accountancy Services Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.7%, this is a higher level of debt than the average (50.5%)

95.7% - V & R Accountancy Services Limited

50.5% - Industry AVG

V & R ACCOUNTANCY SERVICES LIMITED financials

EXPORTms excel logo

V & R Accountancy Services Limited's latest turnover from February 2024 is estimated at £349.6 thousand and the company has net assets of £10.4 thousand. According to their latest financial statements, V & R Accountancy Services Limited has 12 employees and maintains cash reserves of £4.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Nov 2020
Turnover349,578348,776110,885100,108
Other Income Or Grants0000
Cost Of Sales162,743165,34251,46143,628
Gross Profit186,835183,43459,42356,480
Admin Expenses185,305178,22954,85056,480
Operating Profit1,5305,2054,5730
Interest Payable0000
Interest Receivable585767520
Pre-Tax Profit2,1155,9734,6250
Tax-529-1,135-8790
Profit After Tax1,5864,8383,7460
Dividends Paid0000
Retained Profit1,5864,8383,7460
Employee Costs423,754459,53864,23956,084
Number Of Employees121322
EBITDA*23,64729,3916,7650

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Nov 2020
Tangible Assets36,34842,55950,4080
Intangible Assets78,33388,33398,3330
Investments & Other0000
Debtors (Due After 1 year)0000
Total Fixed Assets114,681130,892148,7410
Stock & work in progress0000
Trade Debtors120,44297,91059,1840
Group Debtors0000
Misc Debtors0000
Cash4,65217,62020,751200
misc current assets0000
total current assets125,094115,53079,935200
total assets239,775246,422228,676200
Bank overdraft0000
Bank loan0000
Trade Creditors 81,50349,49639,2010
Group/Directors Accounts0000
other short term finances0000
hp & lease commitments0000
other current liabilities0000
total current liabilities81,50349,49639,2010
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities147,902188,142185,5290
provisions0000
total long term liabilities147,902188,142185,5290
total liabilities229,405237,638224,7300
net assets10,3708,7843,946200
total shareholders funds10,3708,7843,946200
Feb 2024Feb 2023Feb 2022Nov 2020
Operating Activities
Operating Profit1,5305,2054,5730
Depreciation12,11714,1862,1920
Amortisation10,00010,00000
Tax-529-1,135-8790
Stock0000
Debtors22,53238,72659,1840
Creditors32,00710,29539,2010
Accruals and Deferred Income0000
Deferred Taxes & Provisions0000
Cash flow from operations32,593-175-14,0970
Investing Activities
capital expenditure-5,906-6,337-150,9330
Change in Investments0000
cash flow from investments-5,906-6,337-150,9330
Financing Activities
Bank loans0000
Group/Directors Accounts0000
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities-40,2402,613185,5290
share issue00200200
interest585767520
cash flow from financing-39,6553,380185,781200
cash and cash equivalents
cash-12,968-3,13120,751200
overdraft0000
change in cash-12,968-3,13120,751200

v & r accountancy services limited 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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V & R Accountancy Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for v & r accountancy services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in L37 area or any other competitors across 12 key performance metrics.

v & r accountancy services limited Ownership

V & R ACCOUNTANCY SERVICES LIMITED group structure

V & R Accountancy Services Limited has no subsidiary companies.

Ultimate parent company

V & R ACCOUNTANCY SERVICES LIMITED

12298432

V & R ACCOUNTANCY SERVICES LIMITED Shareholders

graham john rummens 50%
ross kenneth verinder 48%
sarah ann rummens 1%
rachel elizabeth verinder 1%

v & r accountancy services limited directors

V & R Accountancy Services Limited currently has 2 directors. The longest serving directors include Mr Ross Verinder (Nov 2020) and Mr Graham Rummens (Nov 2020).

officercountryagestartendrole
Mr Ross VerinderEngland46 years Nov 2020- Director
Mr Graham RummensUnited Kingdom46 years Nov 2020- Director

P&L

February 2024

turnover

349.6k

0%

operating profit

1.5k

0%

gross margin

53.5%

+1.62%

turnover

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

Balance Sheet

February 2024

net assets

10.4k

+0.18%

total assets

239.8k

-0.03%

cash

4.7k

-0.74%

net assets

Total assets minus all liabilities

v & r accountancy services limited company details

company number

12298432

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

November 2019

age

6

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

February 2024

previous names

N/A

accountant

V & R ACCOUNTANCY SERVICES

auditor

-

address

cropton house three tuns lane, formby, merseyside, L37 4AQ

Bank

-

Legal Advisor

-

v & r accountancy services 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 v & r accountancy services limited.

v & r accountancy services limited 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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v & r accountancy services limited Companies House Filings - See Documents

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