taxassist direct tax consulting limited
taxassist direct tax consulting limited Company Information
Company Number
14344989
Next Accounts
Sep 2025
Industry
Tax consultancy
Shareholders
the taxassist direct group limited
Group Structure
View All
Contact
Registered Address
bankside 300, broadland business park, norwich, NR7 0WF
Website
-taxassist direct tax consulting limited Estimated Valuation
Pomanda estimates the enterprise value of TAXASSIST DIRECT TAX CONSULTING LIMITED at £283.3k based on a Turnover of £320.7k and 0.88x industry multiple (adjusted for size and gross margin).
taxassist direct tax consulting limited Estimated Valuation
Pomanda estimates the enterprise value of TAXASSIST DIRECT TAX CONSULTING LIMITED at £0 based on an EBITDA of £-118.9k and a 5.79x industry multiple (adjusted for size and gross margin).
taxassist direct tax consulting limited Estimated Valuation
Pomanda estimates the enterprise value of TAXASSIST DIRECT TAX CONSULTING LIMITED at £0 based on Net Assets of £-118.8k and 4.05x industry multiple (adjusted for liquidity).
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Taxassist Direct Tax Consulting Limited Overview
Taxassist Direct Tax Consulting Limited is a live company located in norwich, NR7 0WF with a Companies House number of 14344989. It operates in the tax consultancy sector, SIC Code 69203. Founded in September 2022, it's largest shareholder is the taxassist direct group limited with a 100% stake. Taxassist Direct Tax Consulting Limited is a startup, micro sized company, Pomanda has estimated its turnover at £320.7k with unknown growth in recent years.
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Taxassist Direct Tax Consulting Limited Health Check
Pomanda's financial health check has awarded Taxassist Direct Tax Consulting Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £320.7k, make it in line with the average company (£304.3k)
- Taxassist Direct Tax Consulting Limited
£304.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Taxassist Direct Tax Consulting Limited
- - Industry AVG
Production
with a gross margin of 83.8%, this company has a comparable cost of product (83.8%)
- Taxassist Direct Tax Consulting Limited
83.8% - Industry AVG
Profitability
an operating margin of -37.1% make it less profitable than the average company (6.2%)
- Taxassist Direct Tax Consulting Limited
6.2% - Industry AVG
Employees
with 8 employees, this is above the industry average (5)
8 - Taxassist Direct Tax Consulting Limited
5 - Industry AVG
Pay Structure
on an average salary of £58.3k, the company has an equivalent pay structure (£58.3k)
- Taxassist Direct Tax Consulting Limited
£58.3k - Industry AVG
Efficiency
resulting in sales per employee of £40.1k, this is less efficient (£91.9k)
- Taxassist Direct Tax Consulting Limited
£91.9k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (74 days)
- Taxassist Direct Tax Consulting Limited
74 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (30 days)
- Taxassist Direct Tax Consulting Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Taxassist Direct Tax Consulting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (20 weeks)
2 weeks - Taxassist Direct Tax Consulting Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 219.9%, this is a higher level of debt than the average (54.2%)
219.9% - Taxassist Direct Tax Consulting Limited
54.2% - Industry AVG
TAXASSIST DIRECT TAX CONSULTING LIMITED financials
Taxassist Direct Tax Consulting Limited's latest turnover from December 2023 is estimated at £320.7 thousand and the company has net assets of -£118.8 thousand. According to their latest financial statements, Taxassist Direct Tax Consulting Limited has 8 employees and maintains cash reserves of £8.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | |
|---|---|
| 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 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | |
|---|---|
| Tangible Assets | 1,046 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 1,046 |
| Stock & work in progress | 0 |
| Trade Debtors | 33,533 |
| Group Debtors | 20,802 |
| Misc Debtors | 35,216 |
| Cash | 8,444 |
| misc current assets | 0 |
| total current assets | 97,995 |
| total assets | 99,041 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 216 |
| Group/Directors Accounts | 168,637 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 48,979 |
| total current liabilities | 217,832 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 217,832 |
| net assets | -118,791 |
| total shareholders funds | -118,791 |
| Dec 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 252 |
| Amortisation | 0 |
| Tax | |
| Stock | 0 |
| Debtors | 89,551 |
| Creditors | 216 |
| Accruals and Deferred Income | 48,979 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 168,637 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 8,444 |
| overdraft | 0 |
| change in cash | 8,444 |
taxassist direct tax consulting limited Credit Report and Business Information
Taxassist Direct Tax Consulting Limited Competitor Analysis
Perform a competitor analysis for taxassist direct tax consulting limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NR7 area or any other competitors across 12 key performance metrics.
taxassist direct tax consulting limited Ownership
TAXASSIST DIRECT TAX CONSULTING LIMITED group structure
Taxassist Direct Tax Consulting Limited has no subsidiary companies.
Ultimate parent company
1 parent
TAXASSIST DIRECT TAX CONSULTING LIMITED
14344989
taxassist direct tax consulting limited directors
Taxassist Direct Tax Consulting Limited currently has 4 directors. The longest serving directors include Mr Michael Melling (Sep 2022) and Mr Daren Moore (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Melling | England | 65 years | Sep 2022 | - | Director |
| Mr Daren Moore | United Kingdom | 52 years | Sep 2022 | - | Director |
| Mr Andrew Gibbs | England | 46 years | Jan 2024 | - | Director |
| Mr James Mattam | England | 46 years | Jan 2024 | - | Director |
P&L
December 2023turnover
320.7k
0%
operating profit
-119.1k
0%
gross margin
83.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-118.8k
0%
total assets
99k
0%
cash
8.4k
0%
net assets
Total assets minus all liabilities
Similar Companies
taxassist direct tax consulting limited company details
company number
14344989
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
September 2022
age
2
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
bankside 300, broadland business park, norwich, NR7 0WF
Bank
-
Legal Advisor
-
taxassist direct tax consulting 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 taxassist direct tax consulting limited.
taxassist direct tax consulting 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.
Click to start generating capital raising & share issue transactions for TAXASSIST DIRECT TAX CONSULTING LIMITED. This can take several minutes, an email will notify you when this has completed.
taxassist direct tax consulting limited Companies House Filings - See Documents
| date | description | view/download |
|---|
