Ask it something

Four questions about Kingsway Interiors Ltd, answered from its accounts. Each answer says which sources it read.

anything I should know about my biggest debtor?

Marsden Group. £112,000, which is 38% of everything you are owed, up from under a fifth two quarters ago. They have also stretched from 26 days to 41.

Their filed accounts went in eleven days late this year, having been early for the three years before. Nothing was late when they were paying you in 26 days.

Neither half of that is visible on its own. Your ledger cannot see the filing and the register cannot see what they owe you.

Past · Accounting Around · Companies House

Read across 2 sources. No single platform holds all of this.

why is headroom where it is?

£56,500 of the £148,400 in the account is tax. VAT of £21,900 due in 23 days, corporation tax of £15,400 assessed on the year you have filed, and £19,200 accruing on the year you are in.

That leaves £91,900 that is actually yours, against the £60,000 floor you set. Comfortable, and it has been for six weeks.

Past · Accounting

will the VAT payment be covered in time?

Yes, and with room. The bill is £21,900 in 23 days.

£38,400 is already invoiced and falls due inside that window. Stripe has taken £11,200 in the last fourteen days and that rate has been steady since March. Two deals worth £26,000 weighted are sitting at proposal.

You do not need the pipeline to land or the card income to hold. The invoiced book covers it on its own.

Past · Accounting Present · Stripe Future · Pipeline

Read across 3 sources. No single platform holds all of this.

can I afford to hire?

At £45,000 including employer costs, yes. Headroom stays above your floor through the corporation tax payment in October on the invoiced book alone.

The thing I would want first is Marsden below a third. Hiring against a book where one client is 38% of it makes that client's payment terms your payroll problem.

Past · Accounting Future · Pipeline

Read across 2 sources. No single platform holds all of this.