richards sandy audit services ltd

richards sandy audit services ltd Company Information

Share RICHARDS SANDY AUDIT SERVICES LTD
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YoungMicro

Company Number

12620676

Industry

Accounting, and auditing activities

 

Shareholders

robert iestyn richards

melissa jean godwin

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Group Structure

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Contact

Registered Address

thorneloe house, 25 barbourne road, worcester, worcestershire, WR1 1RU

richards sandy audit services ltd Estimated Valuation

£140.6k

Pomanda estimates the enterprise value of RICHARDS SANDY AUDIT SERVICES LTD at £140.6k based on a Turnover of £190.3k and 0.74x industry multiple (adjusted for size and gross margin).

richards sandy audit services ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of RICHARDS SANDY AUDIT SERVICES LTD at £0 based on an EBITDA of £-155 and a 4.67x industry multiple (adjusted for size and gross margin).

richards sandy audit services ltd Estimated Valuation

£305

Pomanda estimates the enterprise value of RICHARDS SANDY AUDIT SERVICES LTD at £305 based on Net Assets of £100 and 3.05x industry multiple (adjusted for liquidity).

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Richards Sandy Audit Services Ltd Overview

Richards Sandy Audit Services Ltd is a live company located in worcester, WR1 1RU with a Companies House number of 12620676. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2020, it's largest shareholder is robert iestyn richards with a 54% stake. Richards Sandy Audit Services Ltd is a young, micro sized company, Pomanda has estimated its turnover at £190.3k with unknown growth in recent years.

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Richards Sandy Audit Services Ltd Health Check

Pomanda's financial health check has awarded Richards Sandy Audit Services Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £190.3k, make it in line with the average company (£207.4k)

£190.3k - Richards Sandy Audit Services Ltd

£207.4k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Richards Sandy Audit Services Ltd

- - Industry AVG

production

Production

with a gross margin of 50.6%, this company has a higher cost of product (94.7%)

50.6% - Richards Sandy Audit Services Ltd

94.7% - Industry AVG

profitability

Profitability

an operating margin of -0.1% make it less profitable than the average company (12.6%)

-0.1% - Richards Sandy Audit Services Ltd

12.6% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (3)

2 - Richards Sandy Audit Services Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)

£34.5k - Richards Sandy Audit Services Ltd

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £95.1k, this is more efficient (£79.7k)

£95.1k - Richards Sandy Audit Services Ltd

£79.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 177 days, this is later than average (76 days)

177 days - Richards Sandy Audit Services Ltd

76 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 379 days, this is slower than average (24 days)

379 days - Richards Sandy Audit Services Ltd

24 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Richards Sandy Audit Services Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (34 weeks)

2 weeks - Richards Sandy Audit Services Ltd

34 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (52.6%)

99.9% - Richards Sandy Audit Services Ltd

52.6% - Industry AVG

RICHARDS SANDY AUDIT SERVICES LTD financials

EXPORTms excel logo

Richards Sandy Audit Services Ltd's latest turnover from September 2023 is estimated at £190.3 thousand and the company has net assets of £100. According to their latest financial statements, we estimate that Richards Sandy Audit Services Ltd has 2 employees and maintains cash reserves of £5.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021
Turnover190,276109,060138,169
Other Income Or Grants000
Cost Of Sales93,95854,28763,529
Gross Profit96,31854,77374,641
Admin Expenses96,47454,79874,642
Operating Profit-156-25-1
Interest Payable000
Interest Receivable156251
Pre-Tax Profit000
Tax000
Profit After Tax000
Dividends Paid000
Retained Profit000
Employee Costs69,01133,09463,877
Number Of Employees212
EBITDA*-156-25-1

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021
Tangible Assets000
Intangible Assets000
Investments & Other000
Debtors (Due After 1 year)000
Total Fixed Assets000
Stock & work in progress000
Trade Debtors92,71254,19274,332
Group Debtors000
Misc Debtors000
Cash5,1398031,447
misc current assets000
total current assets97,85154,99575,779
total assets97,85154,99575,779
Bank overdraft000
Bank loan000
Trade Creditors 97,75154,89575,679
Group/Directors Accounts000
other short term finances000
hp & lease commitments000
other current liabilities000
total current liabilities97,75154,89575,679
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities000
provisions000
total long term liabilities000
total liabilities97,75154,89575,679
net assets100100100
total shareholders funds100100100
Sep 2023Sep 2022Sep 2021
Operating Activities
Operating Profit-156-25-1
Depreciation000
Amortisation000
Tax000
Stock000
Debtors38,520-20,14074,332
Creditors42,856-20,78475,679
Accruals and Deferred Income000
Deferred Taxes & Provisions000
Cash flow from operations4,180-6691,346
Investing Activities
capital expenditure000
Change in Investments000
cash flow from investments000
Financing Activities
Bank loans000
Group/Directors Accounts000
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities000
share issue00100
interest156251
cash flow from financing15625101
cash and cash equivalents
cash4,336-6441,447
overdraft000
change in cash4,336-6441,447

richards sandy audit services 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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Richards Sandy Audit Services Ltd Competitor Analysis

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Perform a competitor analysis for richards sandy audit services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in WR1 area or any other competitors across 12 key performance metrics.

richards sandy audit services ltd Ownership

RICHARDS SANDY AUDIT SERVICES LTD group structure

Richards Sandy Audit Services Ltd has no subsidiary companies.

Ultimate parent company

RICHARDS SANDY AUDIT SERVICES LTD

12620676

RICHARDS SANDY AUDIT SERVICES LTD Shareholders

robert iestyn richards 54%
melissa jean godwin 26%
the richards sandy partnership limited 20%

richards sandy audit services ltd directors

Richards Sandy Audit Services Ltd currently has 3 directors. The longest serving directors include Mr Robert Richards (May 2020) and Mrs Melissa Godwin (Jul 2023).

officercountryagestartendrole
Mr Robert RichardsUnited Kingdom58 years May 2020- Director
Mrs Melissa GodwinEngland32 years Jul 2023- Director
Mr Adam CroadEngland37 years Jul 2023- Director

P&L

September 2023

turnover

190.3k

+74%

operating profit

-156

0%

gross margin

50.7%

+0.79%

turnover

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

Balance Sheet

September 2023

net assets

100

0%

total assets

97.9k

+0.78%

cash

5.1k

+5.4%

net assets

Total assets minus all liabilities

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richards sandy audit services ltd company details

company number

12620676

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

May 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

September 2023

previous names

N/A

accountant

THE RICHARDS SANDY PARTNERSHIP

auditor

-

address

thorneloe house, 25 barbourne road, worcester, worcestershire, WR1 1RU

Bank

-

Legal Advisor

-

richards sandy audit services 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 richards sandy audit services ltd.

richards sandy audit services 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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richards sandy audit services ltd Companies House Filings - See Documents

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