Onnec Group Uk Limited

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onnec group uk limited Company Information

Company Number

02027207

Next Accounts

Sep 2025

Directors

Jakob Moeller-Jensen

Barry Horgan

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Shareholders

onnec holdings limited

Group Structure

View All

Industry

Computer consultancy activities

Registered Address

second floor, farringdon point,, 33 farringdon road, london, EC1M 3JF

Website

https://www.redstone.com

onnec group uk limited Estimated Valuation

£86.2m

Pomanda estimates the enterprise value of ONNEC GROUP UK LIMITED at £86.2m based on a Turnover of £77.8m and 1.11x industry multiple (adjusted for size and gross margin).

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Onnec Group Uk Limited is a live company located in london, EC1M 3JF with a Companies House number of 02027207. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in June 1986, it's largest shareholder is onnec holdings limited with a 100% stake. Onnec Group Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £77.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Onnec Group Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £77.8m, make it larger than the average company (£4.7m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.6%)

EXPORT

Onnec Group Uk Limited's latest turnover from December 2023 is £77.8 million and the company has net assets of £19.1 million. According to their latest financial statements, Onnec Group Uk Limited has 469 employees and maintains cash reserves of £357.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	77,824,683	90,718,664	67,840,902	64,707,590	36,644,154	75,119,795	39,166,798	39,405,193	40,098,094	29,468,355	22,660,760	45,163,885	54,671,588	56,885,833	52,345,746
Other Income Or Grants
Cost Of Sales	63,443,440	73,075,965	53,904,399	49,520,606	27,719,359	64,908,132	31,872,662	32,048,034	33,148,222	24,310,162	17,803,573	35,647,061	43,772,438	46,749,588	41,812,241
Gross Profit	14,381,243	17,642,699	13,936,503	15,186,984	8,924,795	10,211,663	7,294,136	7,357,159	6,949,872	5,158,193	4,857,187	9,516,824	10,899,150	10,136,245	10,533,505
Admin Expenses	17,043,120	14,731,527	12,056,951	10,678,725	5,962,133	6,258,502	4,824,552	5,350,431	5,252,058	4,890,966	12,085,950	8,315,790	17,701,310	12,392,897	9,627,557
Operating Profit	-2,661,877	2,911,172	1,879,552	4,508,259	2,962,662	3,953,161	2,469,584	2,006,728	1,697,814	267,227	-7,228,763	1,201,034	-6,802,160	-2,256,652	905,948
Interest Payable	476,774	100,879	31,999	10,908	7,282	5,036	64	3,090	1,102	35,792	1	45,007	328	54	2,236
Interest Receivable	24,642	32,513	6		106	142	4,441	118	113	120	31	33	180	241	60
Pre-Tax Profit	-3,114,009	2,842,806	1,847,559	4,497,351	2,955,486	3,948,267	2,473,961	2,003,756	1,696,825	231,555	-7,228,733	1,772,798	2,813,981	-2,256,465	903,772
Tax	556,728	-507,993	-606,261	-777,987	-410,492	-440,591		606,746	62,906		-1,496,906	137,000	994,108		-350,605
Profit After Tax	-2,557,281	2,334,813	1,241,298	3,719,364	2,544,994	3,507,676	2,473,961	2,610,502	1,759,731	231,555	-8,725,639	1,909,798	3,808,089	-2,256,465	553,167
Dividends Paid											5,000,000
Retained Profit	-2,557,281	2,334,813	1,241,298	3,719,364	2,544,994	3,507,676	2,473,961	2,610,502	1,759,731	231,555	-13,725,639	1,909,798	3,808,089	-2,256,465	553,167
Employee Costs	32,209,294	29,855,634	42,446,931	57,718,095	12,948,746	18,746,311	14,960,069	14,057,748	13,104,154	12,555,559	9,726,133	16,886,104	18,694,960	23,222,336	21,038,527
Number Of Employees	469	487	482	410	262	283	273	266	245	259	243	314	364	448	433
EBITDA*	-2,164,051	3,209,684	2,119,591	4,752,221	3,268,771	4,564,202	2,871,810	2,615,195	2,196,001	679,022	-7,098,589	1,727,930	-6,391,815	-1,685,537	1,504,282

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	452,578	482,899	283,842	269,365	209,237	565,954	1,139,475	1,181,044	635,468	971,617	711,178	152,164	1,015,171	627,005	1,187,327
Intangible Assets	384,519	1,094,396	315,008	229,386	133,567	202,570	172,554	162,613	309,484	96,792
Investments & Other
Debtors (Due After 1 year)		16,508	201,863	176,696	102,311							70,585
Total Fixed Assets	837,097	1,593,803	800,713	675,447	445,115	768,524	1,312,029	1,343,657	944,952	1,068,409	711,178	222,749	1,015,171	627,005	1,187,327
Stock & work in progress	265,157	248,800	192,970	178,085	170,440	166,402	129,084	143,397	180,550	213,938	345,827	310,711	444,539	422,489	580,810
Trade Debtors	11,227,201	18,996,739	10,713,113	8,623,806	14,312,237	17,767,528	9,743,979	6,052,915	6,549,230	6,391,689	6,253,359	9,583,494	9,739,288	13,424,168	16,415,354
Group Debtors	37,865,592	18,234,508	24,840,179	18,701,598	15,750,301	4,789,167	1,875,922	2,095,226	1,667	2,378,514	357,057	8,253,544	7,480,200	4,608,219	3,215,235
Misc Debtors	9,890,710	15,355,458	12,054,273	9,669,422	10,941,244	1,500,187	762,747	776,075	711,750	715,905	438,863	1,960,151	3,387,379	3,596,523	3,387,318
Cash	357,085	413,324	3,018,726	12,676,170	2,010,664	535,769	3,968,588	4,355,137	2,418,844	356,736	304,245	5,651,889	6,046,783	4,972,656	3,860,922
misc current assets
total current assets	59,605,745	53,248,829	50,819,261	49,849,081	43,184,886	24,759,053	16,480,320	13,422,750	9,862,041	10,056,782	7,699,351	25,759,789	27,098,189	27,024,055	27,459,639
total assets	60,442,842	54,842,632	51,619,974	50,524,528	43,630,001	25,527,577	17,792,349	14,766,407	10,806,993	11,125,191	8,410,529	25,982,538	28,113,360	27,651,060	28,646,966
Bank overdraft						1,133,002
Bank loan
Trade Creditors	6,091,622	8,203,393	5,295,245	2,773,897	4,301,296	4,436,179	5,796,200	4,503,414	3,101,301	4,529,407	2,609,106	5,562,067	4,731,022	18,488,588	7,157,171
Group/Directors Accounts	18,353,050	6,068,761	926,503	912,982	912,155					1,424,005	912,096	714,121	2,275,621
other short term finances	3,723,187	4,659,908	1,111,800	355,819	2,467,135
hp & lease commitments
other current liabilities	12,913,850	14,180,994	14,751,648	18,328,365	11,297,105	7,826,836	3,525,936	4,326,822	4,424,472	3,635,130	3,568,379	4,783,298	8,099,304		10,284,160
total current liabilities	41,081,709	33,113,056	22,085,196	22,371,063	18,977,691	13,396,017	9,322,136	8,830,236	7,525,773	9,588,542	7,089,581	11,059,486	15,105,947	18,488,588	17,441,331
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	144,116				132,969	132,671
provisions	80,360	35,638	175,653	35,638	120,878	214,756	172,756	227,362	179,360	107,681	123,535
total long term liabilities	224,476	35,638	175,653	35,638	253,847	240,049	86,378	113,681	89,680	107,681	123,535
total liabilities	41,306,185	33,148,694	22,260,849	22,406,701	19,231,538	13,636,066	9,408,514	8,943,917	7,615,453	9,696,223	7,213,116	11,059,486	15,105,947	18,488,588	17,441,331
net assets	19,136,657	21,693,938	29,359,125	28,117,827	24,398,463	11,891,511	8,383,835	5,822,490	3,191,540	1,428,968	1,197,413	14,923,052	13,007,413	9,162,472	11,205,635
total shareholders funds	19,136,657	21,693,938	29,359,125	28,117,827	24,398,463	11,891,511	8,383,835	5,822,490	3,191,540	1,428,968	1,197,413	14,923,052	13,007,413	9,162,472	11,205,635

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-2,661,877	2,911,172	1,879,552	4,508,259	2,962,662	3,953,161	2,469,584	2,006,728	1,697,814	267,227	-7,228,763	1,201,034	-6,802,160	-2,256,652	905,948
Depreciation	313,601	207,362	188,074	153,672	179,566	407,396	236,435	387,091	370,190	411,795	130,174	526,896	410,345	571,115	598,334
Amortisation	184,225	91,150	51,965	90,290	126,543	203,645	165,791	221,376	127,997
Tax	556,728	-507,993	-606,261	-777,987	-410,492	-440,591		606,746	62,906		-1,496,906	137,000	994,108		-350,605
Stock	16,357	55,830	14,885	7,645	41,356	37,318	-14,313	-37,153	-33,388	-131,889	35,116	-133,828	22,050	-158,321	580,810
Debtors	6,380,290	4,793,785	10,637,906	-3,934,571	28,723,445	11,674,234	3,458,432	1,661,569	-2,223,461	2,436,829	-12,818,495	-739,093	-1,022,043	-1,388,997	23,017,907
Creditors	-2,111,771	2,908,148	2,521,348	-1,527,399	-1,494,904	-1,360,021	1,292,786	1,402,113	-1,428,106	1,920,301	-2,952,961	831,045	-13,757,566	11,331,417	7,157,171
Accruals and Deferred Income	-1,267,144	-570,654	-3,576,717	7,031,260	7,771,169	4,300,900	-800,886	-97,650	789,342	66,751	-1,214,919	-3,316,006	8,099,304	-10,284,160	10,284,160
Deferred Taxes & Provisions	44,722	-140,015	140,015	-85,240	-51,878	42,000	-54,606	48,002	71,679	-15,854	123,535
Cash flow from operations	-11,338,163	49,555	-10,054,815	13,319,781	-19,682,135	-4,605,062	-135,015	2,949,990	3,948,671	345,280	143,539	252,890	-10,055,976	909,038	-5,003,709
Investing Activities
capital expenditure	242,372	-1,276,957	-340,138	-399,909	663,116	-67,536	-370,598	-1,007,172	-374,730	-769,026	-689,188	336,111	-798,511	-10,793	-1,785,661
Change in Investments
cash flow from investments	242,372	-1,276,957	-340,138	-399,909	663,116	-67,536	-370,598	-1,007,172	-374,730	-769,026	-689,188	336,111	-798,511	-10,793	-1,785,661
Financing Activities
Bank loans
Group/Directors Accounts	12,284,289	5,142,258	13,521	827	912,155				-1,424,005	511,909	197,975	-1,561,500	2,275,621
Other Short Term Loans	-936,721	3,548,108	755,981	-2,111,316	2,467,135
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	144,116			-132,969	132,969	132,671
share issue		-10,000,000			13,469,634		87,384	20,448	2,841			5,841	36,852	213,302	10,652,468
interest	-452,132	-68,366	-31,993	-10,908	-7,176	-4,894	4,377	-2,972	-989	-35,672	30	-44,974	-148	187	-2,176
cash flow from financing	11,039,552	-1,378,000	737,509	-2,254,366	16,974,717	127,777	91,761	17,476	-1,422,153	476,237	198,005	-1,600,633	2,312,325	213,489	10,650,292
cash and cash equivalents
cash	-56,239	-2,605,402	-9,657,444	10,665,506	-1,957,924	-3,432,819	-386,549	1,936,293	2,062,108	52,491	-5,347,644	-394,894	1,074,127	1,111,734	3,860,922
overdraft						1,133,002
change in cash	-56,239	-2,605,402	-9,657,444	10,665,506	-1,957,924	-4,565,821	-386,549	1,936,293	2,062,108	52,491	-5,347,644	-394,894	1,074,127	1,111,734	3,860,922

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ONNEC GROUP UK LIMITED group structure

Onnec Group Uk Limited has no subsidiary companies.

Ultimate parent company

ONNEC GROUP LIMITED

06468498

ONNEC HOLDINGS LIMITED

03984491

2 parents

ONNEC GROUP UK LIMITED

02027207

ONNEC GROUP UK LIMITED Shareholders

onnec holdings limited

100%

Onnec Group Uk Limited currently has 3 directors. The longest serving directors include Mr Jakob Moeller-Jensen (Jun 2018) and Mr Barry Horgan (Jun 2018).

officer	country	age	start	end	role
Mr Jakob Moeller-Jensen	United Kingdom	52 years	Jun 2018	-	Director
Mr Barry Horgan	England	53 years	Jun 2018	-	Director
Mr Philippe Huinck	England	59 years	Oct 2023	-	Director

P&L

December 2023

turnover

77.8m

-14%

operating profit

-2.7m

-191%

gross margin

18.5%

-4.98%

turnover

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

Balance Sheet

December 2023

net assets

19.1m

-0.12%

total assets

60.4m

+0.1%

cash

357.1k

-0.14%

net assets

Total assets minus all liabilities

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company number

02027207

Type

Private limited with Share Capital

industry

62030 - Computer facilities management activities

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

incorporation date

June 1986

ultimate parent company

ONNEC GROUP LIMITED

previous names

excelredstone converged solutions limited (July 2022)

redstone converged solutions limited (November 2018)

address

second floor, farringdon point,, 33 farringdon road, london, EC1M 3JF

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 found 18 charges/mortgages relating to onnec group uk limited. Currently there are 3 open charges and 15 have been satisfied in the past.

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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onnec group uk limited Company Information

onnec group uk limited Estimated Valuation

onnec group uk limited Estimated Valuation

onnec group uk limited Estimated Valuation

Onnec Group Uk Limited Overview

Onnec Group Uk Limited Health Check

ONNEC GROUP UK LIMITED financials

onnec group uk limited Credit Report and Business Information

Onnec Group Uk Limited Competitor Analysis

onnec group uk limited Ownership

onnec group uk limited directors

onnec group uk limited company details

onnec group uk limited Charges & Mortgages

onnec group uk limited Capital Raised & Share Issues BETA

onnec group uk limited Companies House Filings - See Documents