onpoint accounting group ltd

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onpoint accounting group ltd Company Information

Share ONPOINT ACCOUNTING GROUP LTD

Company Number

SC684504

Shareholders

onpoint consortium ltd

johann alexander goree

Group Structure

View All

Industry

Accounting, and auditing activities

 

Registered Address

1 c/o jgbc, duddingston yards, edinburgh, midlothian, EH15 3NT

Website

jgbc.co.uk

onpoint accounting group ltd Estimated Valuation

£77.5k

Pomanda estimates the enterprise value of ONPOINT ACCOUNTING GROUP LTD at £77.5k based on a Turnover of £83.9k and 0.92x industry multiple (adjusted for size and gross margin).

onpoint accounting group ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ONPOINT ACCOUNTING GROUP LTD at £0 based on an EBITDA of £-2.7k and a 5.93x industry multiple (adjusted for size and gross margin).

onpoint accounting group ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ONPOINT ACCOUNTING GROUP LTD at £0 based on Net Assets of £-24.2k and 3.06x industry multiple (adjusted for liquidity).

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Onpoint Accounting Group Ltd Overview

Onpoint Accounting Group Ltd is a live company located in edinburgh, EH15 3NT with a Companies House number of SC684504. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in December 2020, it's largest shareholder is onpoint consortium ltd with a 90% stake. Onpoint Accounting Group Ltd is a young, micro sized company, Pomanda has estimated its turnover at £83.9k with unknown growth in recent years.

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Onpoint Accounting Group Ltd Health Check

Pomanda's financial health check has awarded Onpoint Accounting Group Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

0 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £83.9k, make it smaller than the average company (£207.4k)

£83.9k - Onpoint Accounting Group Ltd

£207.4k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Onpoint Accounting Group Ltd

- - Industry AVG

production

Production

with a gross margin of 94.9%, this company has a comparable cost of product (94.9%)

94.9% - Onpoint Accounting Group Ltd

94.9% - Industry AVG

profitability

Profitability

an operating margin of -3.2% make it less profitable than the average company (12%)

-3.2% - Onpoint Accounting Group Ltd

12% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (3)

1 - Onpoint Accounting Group Ltd

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.8k, the company has an equivalent pay structure (£35.8k)

£35.8k - Onpoint Accounting Group Ltd

£35.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £83.9k, this is equally as efficient (£79k)

£83.9k - Onpoint Accounting Group Ltd

£79k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 78 days, this is near the average (76 days)

78 days - Onpoint Accounting Group Ltd

76 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Onpoint Accounting Group Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Onpoint Accounting Group Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Onpoint Accounting Group Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 233.7%, this is a higher level of debt than the average (51.1%)

233.7% - Onpoint Accounting Group Ltd

51.1% - Industry AVG

ONPOINT ACCOUNTING GROUP LTD financials

EXPORTms excel logo

Onpoint Accounting Group Ltd's latest turnover from November 2023 is estimated at £83.9 thousand and the company has net assets of -£24.2 thousand. According to their latest financial statements, Onpoint Accounting Group Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021
Turnover83,85373,29970,045
Other Income Or Grants
Cost Of Sales4,2967,1418,049
Gross Profit79,55766,15761,996
Admin Expenses82,27553,53690,923
Operating Profit-2,71812,621-28,927
Interest Payable1,7771,422
Interest Receivable361
Pre-Tax Profit-4,49511,236-28,926
Tax-2,135
Profit After Tax-4,4959,101-28,926
Dividends Paid
Retained Profit-4,4959,101-28,926
Employee Costs35,79731,92530,868
Number Of Employees111
EBITDA*-2,71812,621-28,927

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors18,01418,000
Group Debtors
Misc Debtors100100100
Cash2,400
misc current assets
total current assets18,11418,1002,500
total assets18,11418,1002,500
Bank overdraft
Bank loan
Trade Creditors 1
Group/Directors Accounts34,059
other short term finances
hp & lease commitments
other current liabilities8,2756,23531,326
total current liabilities42,3346,23631,326
loans31,589
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities31,589
total liabilities42,33437,82531,326
net assets-24,220-19,725-28,826
total shareholders funds-24,220-19,725-28,826
Nov 2023Nov 2022Nov 2021
Operating Activities
Operating Profit-2,71812,621-28,927
Depreciation
Amortisation
Tax-2,135
Stock
Debtors1418,000100
Creditors-11
Accruals and Deferred Income2,040-25,09131,326
Deferred Taxes & Provisions
Cash flow from operations-693-32,6042,299
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts34,059
Other Short Term Loans
Long term loans-31,58931,589
Hire Purchase and Lease Commitments
other long term liabilities
share issue100
interest-1,777-1,3861
cash flow from financing69330,203101
cash and cash equivalents
cash-2,4002,400
overdraft
change in cash-2,4002,400

onpoint accounting group 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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Onpoint Accounting Group Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for onpoint accounting group ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EH15 area or any other competitors across 12 key performance metrics.

onpoint accounting group ltd Ownership

ONPOINT ACCOUNTING GROUP LTD group structure

Onpoint Accounting Group Ltd has 6 subsidiary companies.

ONPOINT ACCOUNTING GROUP LTD Shareholders

onpoint consortium ltd 90%
johann alexander goree 10%

onpoint accounting group ltd directors

Onpoint Accounting Group Ltd currently has 2 directors. The longest serving directors include Mr Martin Lightbowne (Dec 2020) and Jr Johann Goree (Jan 2021).

officercountryagestartendrole
Mr Martin LightbowneScotland45 years Dec 2020- Director
Jr Johann GoreeUnited Kingdom37 years Jan 2021- Director

P&L

November 2023

turnover

83.9k

+14%

operating profit

-2.7k

0%

gross margin

94.9%

+5.12%

turnover

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

Balance Sheet

November 2023

net assets

-24.2k

+0.23%

total assets

18.1k

0%

cash

0

0%

net assets

Total assets minus all liabilities

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onpoint accounting group ltd company details

company number

SC684504

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

December 2020

age

5

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

November 2023

previous names

N/A

accountant

ONPOINT ACCOUNTING

auditor

-

address

1 c/o jgbc, duddingston yards, edinburgh, midlothian, EH15 3NT

Bank

-

Legal Advisor

-

onpoint accounting group 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 onpoint accounting group ltd.

onpoint accounting group 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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onpoint accounting group ltd Companies House Filings - See Documents

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