m ahmed & co accountants ltd

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m ahmed & co accountants ltd Company Information

Share M AHMED & CO ACCOUNTANTS LTD

Company Number

13090947

Directors

Maqbool Ahmed

Shareholders

maqbool ahmed

shamim ahmed

Group Structure

View All

Industry

Accounting, and auditing activities

 

Registered Address

83 park road chilwell, nottingham, NG9 4DE

Website

-

m ahmed & co accountants ltd Estimated Valuation

£146.3k

Pomanda estimates the enterprise value of M AHMED & CO ACCOUNTANTS LTD at £146.3k based on a Turnover of £158.2k and 0.92x industry multiple (adjusted for size and gross margin).

m ahmed & co accountants ltd Estimated Valuation

£247.2k

Pomanda estimates the enterprise value of M AHMED & CO ACCOUNTANTS LTD at £247.2k based on an EBITDA of £41.7k and a 5.93x industry multiple (adjusted for size and gross margin).

m ahmed & co accountants ltd Estimated Valuation

£445k

Pomanda estimates the enterprise value of M AHMED & CO ACCOUNTANTS LTD at £445k based on Net Assets of £145.4k and 3.06x industry multiple (adjusted for liquidity).

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M Ahmed & Co Accountants Ltd Overview

M Ahmed & Co Accountants Ltd is a live company located in nottingham, NG9 4DE with a Companies House number of 13090947. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 2020, it's largest shareholder is maqbool ahmed with a 90% stake. M Ahmed & Co Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £158.2k with high growth in recent years.

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M Ahmed & Co Accountants Ltd Health Check

Pomanda's financial health check has awarded M Ahmed & Co Accountants Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £158.2k, make it in line with the average company (£181.4k)

£158.2k - M Ahmed & Co Accountants Ltd

£181.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (8.4%)

22% - M Ahmed & Co Accountants Ltd

8.4% - Industry AVG

production

Production

with a gross margin of 93.4%, this company has a comparable cost of product (93.4%)

93.4% - M Ahmed & Co Accountants Ltd

93.4% - Industry AVG

profitability

Profitability

an operating margin of 20.9% make it more profitable than the average company (10.1%)

20.9% - M Ahmed & Co Accountants Ltd

10.1% - Industry AVG

employees

Employees

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

2 - M Ahmed & Co Accountants Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)

£34.8k - M Ahmed & Co Accountants Ltd

£34.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £79.1k, this is equally as efficient (£76.5k)

£79.1k - M Ahmed & Co Accountants Ltd

£76.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 79 days, this is near the average (78 days)

79 days - M Ahmed & Co Accountants Ltd

78 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - M Ahmed & Co Accountants Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - M Ahmed & Co Accountants Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (32 weeks)

10 weeks - M Ahmed & Co Accountants Ltd

32 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.3%, this is a lower level of debt than the average (50.8%)

30.3% - M Ahmed & Co Accountants Ltd

50.8% - Industry AVG

M AHMED & CO ACCOUNTANTS LTD financials

EXPORTms excel logo

M Ahmed & Co Accountants Ltd's latest turnover from March 2024 is estimated at £158.2 thousand and the company has net assets of £145.4 thousand. According to their latest financial statements, M Ahmed & Co Accountants Ltd has 2 employees and maintains cash reserves of £11.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021
Turnover158,165169,667111,61687,902
Other Income Or Grants
Cost Of Sales10,51320,09716,66314,330
Gross Profit147,652149,57094,95273,572
Admin Expenses114,659134,41244,603-13,389
Operating Profit32,99315,15850,34986,961
Interest Payable1,5921,9641,575763
Interest Receivable1,29099011611
Pre-Tax Profit32,69214,18448,89086,210
Tax-8,173-2,695-9,289-16,380
Profit After Tax24,51911,48939,60169,830
Dividends Paid
Retained Profit24,51911,48939,60169,830
Employee Costs69,65866,31261,26152,976
Number Of Employees2222
EBITDA*41,68123,81758,74492,961

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021
Tangible Assets17,88420,57221,555
Intangible Assets96,000102,000108,000114,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets113,884122,572129,555114,000
Stock & work in progress
Trade Debtors34,36339,34223,31815,992
Group Debtors
Misc Debtors49,14016,314744
Cash11,18537,9718,59922,308
misc current assets
total current assets94,68893,62732,66138,300
total assets208,572216,199162,216152,300
Bank overdraft5,0005,0005,0003,333
Bank loan
Trade Creditors
Group/Directors Accounts42,26032,456
other short term finances
hp & lease commitments
other current liabilities51,48836,36331,11725,013
total current liabilities56,48883,62336,11760,802
loans6,64411,65516,66721,667
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities6,64411,65516,66721,667
total liabilities63,13295,27852,78482,469
net assets145,440120,921109,43269,831
total shareholders funds145,440120,921109,43269,831
Mar 2024Mar 2023Mar 2022Mar 2021
Operating Activities
Operating Profit32,99315,15850,34986,961
Depreciation2,6882,6592,395
Amortisation6,0006,0006,0006,000
Tax-8,173-2,695-9,289-16,380
Stock
Debtors27,84731,5948,07015,992
Creditors
Accruals and Deferred Income15,1255,2466,10425,013
Deferred Taxes & Provisions
Cash flow from operations20,786-5,22647,48985,602
Investing Activities
capital expenditure-1,676-23,950-120,000
Change in Investments
cash flow from investments-1,676-23,950-120,000
Financing Activities
Bank loans
Group/Directors Accounts-42,26042,260-32,45632,456
Other Short Term Loans
Long term loans-5,011-5,012-5,00021,667
Hire Purchase and Lease Commitments
other long term liabilities
share issue1
interest-302-974-1,459-752
cash flow from financing-47,57336,274-38,91553,372
cash and cash equivalents
cash-26,78629,372-13,70922,308
overdraft1,6673,333
change in cash-26,78629,372-15,37618,975

m ahmed & co accountants 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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M Ahmed & Co Accountants Ltd Competitor Analysis

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Perform a competitor analysis for m ahmed & co accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NG9 area or any other competitors across 12 key performance metrics.

m ahmed & co accountants ltd Ownership

M AHMED & CO ACCOUNTANTS LTD group structure

M Ahmed & Co Accountants Ltd has no subsidiary companies.

Ultimate parent company

M AHMED & CO ACCOUNTANTS LTD

13090947

M AHMED & CO ACCOUNTANTS LTD Shareholders

maqbool ahmed 90%
shamim ahmed 10%

m ahmed & co accountants ltd directors

M Ahmed & Co Accountants Ltd currently has 1 director, Mr Maqbool Ahmed serving since Dec 2020.

officercountryagestartendrole
Mr Maqbool AhmedUnited Kingdom65 years Dec 2020- Director

P&L

March 2024

turnover

158.2k

-7%

operating profit

33k

0%

gross margin

93.4%

+5.9%

turnover

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

Balance Sheet

March 2024

net assets

145.4k

+0.2%

total assets

208.6k

-0.04%

cash

11.2k

-0.71%

net assets

Total assets minus all liabilities

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m ahmed & co accountants ltd company details

company number

13090947

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

December 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

M AHMED & CO

auditor

-

address

83 park road chilwell, nottingham, NG9 4DE

Bank

-

Legal Advisor

-

m ahmed & co accountants 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 m ahmed & co accountants ltd.

m ahmed & co accountants 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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m ahmed & co accountants ltd Companies House Filings - See Documents

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