neural technologies limited
neural technologies limited Company Information
Company Number
02527794
Next Accounts
108 days late
Shareholders
incognito interactive limited
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
1, sterling industrial estate, kings road, newbury, RG14 5RQ
Website
www.neuralt.comneural technologies limited Estimated Valuation
Pomanda estimates the enterprise value of NEURAL TECHNOLOGIES LIMITED at £2.9m based on a Turnover of £3.5m and 0.84x industry multiple (adjusted for size and gross margin).
neural technologies limited Estimated Valuation
Pomanda estimates the enterprise value of NEURAL TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-443.3k and a 5.48x industry multiple (adjusted for size and gross margin).
neural technologies limited Estimated Valuation
Pomanda estimates the enterprise value of NEURAL TECHNOLOGIES LIMITED at £12.6m based on Net Assets of £5.4m and 2.33x industry multiple (adjusted for liquidity).
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Neural Technologies Limited Overview
Neural Technologies Limited is a live company located in newbury, RG14 5RQ with a Companies House number of 02527794. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 1990, it's largest shareholder is incognito interactive limited with a 100% stake. Neural Technologies Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with declining growth in recent years.
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Neural Technologies Limited Health Check
Pomanda's financial health check has awarded Neural Technologies Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £3.5m, make it larger than the average company (£2.3m)
£3.5m - Neural Technologies Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (6.8%)
-34% - Neural Technologies Limited
6.8% - Industry AVG
Production
with a gross margin of 61.7%, this company has a comparable cost of product (59.4%)
61.7% - Neural Technologies Limited
59.4% - Industry AVG
Profitability
an operating margin of -44.6% make it less profitable than the average company (5.2%)
-44.6% - Neural Technologies Limited
5.2% - Industry AVG
Employees
with 9 employees, this is below the industry average (21)
9 - Neural Technologies Limited
21 - Industry AVG
Pay Structure
on an average salary of £93.7k, the company has a higher pay structure (£60.9k)
£93.7k - Neural Technologies Limited
£60.9k - Industry AVG
Efficiency
resulting in sales per employee of £384.6k, this is more efficient (£118k)
£384.6k - Neural Technologies Limited
£118k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is earlier than average (65 days)
50 days - Neural Technologies Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (39 days)
14 days - Neural Technologies Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Neural Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (19 weeks)
26 weeks - Neural Technologies Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.8%, this is a lower level of debt than the average (59.5%)
40.8% - Neural Technologies Limited
59.5% - Industry AVG
NEURAL TECHNOLOGIES LIMITED financials
Neural Technologies Limited's latest turnover from March 2023 is £3.5 million and the company has net assets of £5.4 million. According to their latest financial statements, Neural Technologies Limited has 9 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,461,138 | 2,556,979 | 10,677,087 | 12,275,794 | 13,724,158 | 11,665,669 | 14,179,328 | 11,832,464 | 8,746,258 | 8,603,290 | 8,668,672 | 10,291,057 | 10,476,598 | 12,661,685 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 1,325,821 | 1,864,327 | 5,717,687 | 6,134,338 | 6,464,493 | 6,833,751 | 7,715,022 | 6,184,427 | 5,715,990 | 4,694,359 | 5,711,493 | 4,786,440 | 2,591,809 | 2,785,396 |
| Gross Profit | 2,135,317 | 692,652 | 4,959,400 | 6,141,456 | 7,259,665 | 4,831,918 | 6,464,306 | 5,648,037 | 3,030,268 | 3,908,931 | 2,957,179 | 5,504,617 | 7,884,789 | 9,876,288 |
| Admin Expenses | 3,680,384 | 3,370,440 | 5,590,944 | 7,191,604 | 11,139,356 | 6,708,656 | 7,293,110 | 5,353,284 | 4,134,705 | 4,870,083 | 6,071,030 | 7,667,521 | 6,038,631 | 6,445,336 |
| Operating Profit | -1,545,067 | -2,677,788 | -631,544 | -1,050,148 | -3,879,691 | -1,876,738 | -828,804 | 294,753 | -1,104,437 | -961,152 | -3,113,851 | -2,162,904 | 1,846,158 | 3,430,952 |
| Interest Payable | 34,748 | 235,762 | 229,101 | 221,876 | 200,243 | 189,612 | 77,716 | 29,938 | 358,640 | 412,784 | 71,407 | 55,216 | ||
| Interest Receivable | 2,506 | 12,339 | 3,817 | 1,401 | 7,076 | 6,274 | 5,184 | 17,543 | 12,601 | 17,734 | 24,130 | 214 | ||
| Pre-Tax Profit | 1,632,052 | -2,712,536 | -864,800 | -1,266,910 | -4,097,750 | -2,075,580 | -1,011,340 | 301,027 | -1,176,969 | 2,845,965 | -3,459,890 | -2,557,954 | 1,798,881 | 3,375,950 |
| Tax | 10,639 | 21,647 | -47,750 | -51,213 | 6,145 | -313,090 | -277,984 | 23,042 | 24,102 | 106,234 | -206,564 | -130,869 | 66,510 | -68,994 |
| Profit After Tax | 1,642,691 | -2,690,889 | -912,550 | -1,318,123 | -4,091,605 | -2,388,670 | -1,289,324 | 324,069 | -1,152,867 | 2,952,199 | -3,666,454 | -2,688,823 | 1,865,391 | 3,306,956 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 1,642,691 | -2,690,889 | -912,550 | -1,318,123 | -4,091,824 | -2,413,296 | -1,186,185 | 330,540 | -1,198,866 | 2,993,379 | -4,128,676 | -3,407,235 | 1,286,413 | 2,234,454 |
| Employee Costs | 843,539 | 1,152,549 | 6,871,176 | 6,877,563 | 6,750,406 | 7,667,239 | 7,076,126 | 5,616,502 | 5,049,459 | 4,816,577 | 5,682,678 | 5,419,362 | 4,264,176 | 4,871,111 |
| Number Of Employees | 9 | 23 | 160 | 151 | 152 | 167 | 159 | 155 | 152 | 121 | 132 | 120 | 101 | 121 |
| EBITDA* | -443,289 | -1,571,058 | 734,031 | 325,562 | -2,448,737 | -436,869 | 508,251 | 1,599,889 | -28,127 | 1,999,306 | -1,647,327 | -188,885 | 2,745,865 | 3,834,849 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,949 | 34,654 | 169,533 | 234,956 | 200,373 | 151,807 | 276,155 | 282,628 | 248,702 | 208,243 | 201,354 | 234,845 | 251,430 | 346,588 |
| Intangible Assets | 993,138 | 1,815,733 | 3,805,561 | 4,781,896 | 5,570,190 | 10,244,592 | 11,301,124 | 11,432,859 | 10,275,221 | 10,193,067 | 11,063,580 | 12,018,041 | 14,070,841 | 11,355,950 |
| Investments & Other | 4,026,291 | 4,026,291 | 2,814 | 1,210 | 2,662 | 205 | 26,526 | 184,266 | 129,889 | |||||
| Debtors (Due After 1 year) | 400,488 | |||||||||||||
| Total Fixed Assets | 5,024,378 | 5,876,678 | 3,977,908 | 5,018,062 | 5,773,225 | 10,396,604 | 11,603,805 | 11,715,487 | 10,523,923 | 10,585,576 | 11,394,823 | 12,653,374 | 14,322,271 | 11,702,538 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 483,100 | 337,909 | 1,845,900 | 2,706,396 | 2,399,358 | 2,275,748 | 4,385,884 | 2,575,764 | 1,485,761 | 2,410,758 | 1,975,865 | 2,984,706 | 3,440,054 | 3,838,444 |
| Group Debtors | 970,136 | 905,522 | ||||||||||||
| Misc Debtors | 776,971 | 500,941 | 2,103,670 | 2,609,858 | 1,898,572 | 2,158,877 | 1,683,633 | 2,715,991 | 1,380,751 | 2,294,755 | 1,983,584 | 1,672,248 | 1,800,452 | 1,163,467 |
| Cash | 1,886,956 | 96,419 | 3,313,664 | 3,063,218 | 3,682,187 | 2,158,134 | 1,650,635 | 1,539,863 | 707,937 | 397,216 | 1,116,201 | 822,913 | 667,085 | 1,911,039 |
| misc current assets | ||||||||||||||
| total current assets | 4,117,163 | 1,840,791 | 7,263,234 | 8,379,472 | 7,980,117 | 6,592,759 | 7,720,152 | 6,831,618 | 3,574,449 | 5,102,729 | 5,075,650 | 5,479,867 | 5,907,591 | 6,912,950 |
| total assets | 9,141,541 | 7,717,469 | 11,241,142 | 13,397,534 | 13,753,342 | 16,989,363 | 19,323,957 | 18,547,105 | 14,098,372 | 15,688,305 | 16,470,473 | 18,133,241 | 20,229,862 | 18,615,488 |
| Bank overdraft | 38,982 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 53,147 | 83,398 | 252,637 | 429,665 | 148,776 | 420,884 | 493,435 | 815,070 | 387,246 | 775,225 | 867,764 | 1,018,856 | 740,708 | 246,070 |
| Group/Directors Accounts | 1,487,020 | 11,085,130 | ||||||||||||
| other short term finances | 636,146 | 636,146 | 789,878 | |||||||||||
| hp & lease commitments | 29,840 | 36,041 | 352 | 890 | ||||||||||
| other current liabilities | 2,188,218 | 540,966 | 2,550,486 | 2,581,888 | 2,666,707 | 2,555,769 | 2,000,307 | 2,317,921 | 2,451,598 | 4,515,091 | 8,315,069 | 6,707,585 | 6,877,920 | 5,804,933 |
| total current liabilities | 3,728,385 | 11,709,494 | 2,803,123 | 3,041,393 | 2,851,524 | 2,977,005 | 2,494,632 | 3,808,119 | 2,838,844 | 5,290,316 | 9,182,833 | 8,362,587 | 7,618,628 | 6,840,883 |
| loans | ||||||||||||||
| hp & lease commitments | 29,840 | 371 | ||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 9,134,009 | 9,897,212 | 9,166,694 | 8,343,438 | 8,396,497 | 7,244,388 | 4,228,438 | 3,428,898 | 3,952,823 | 3,042,555 | 2,594,678 | 2,779,718 | ||
| provisions | 4,408 | 4,408 | 36,106 | 3,429 | 20,484 | 44,803 | 65,168 | 83,191 | ||||||
| total long term liabilities | 4,408 | 4,408 | 9,170,115 | 9,919,682 | 9,224,815 | 8,365,652 | 8,434,459 | 7,289,191 | 4,293,606 | 3,512,089 | 3,952,823 | 3,042,555 | 2,594,678 | 2,779,719 |
| total liabilities | 3,732,793 | 11,713,902 | 11,973,238 | 12,961,075 | 12,076,339 | 11,342,657 | 10,929,091 | 11,097,310 | 7,132,450 | 8,802,405 | 13,135,656 | 11,405,142 | 10,213,306 | 9,620,602 |
| net assets | 5,408,748 | -3,996,433 | -732,096 | 436,459 | 1,677,003 | 5,646,706 | 8,394,866 | 7,190,319 | 6,605,661 | 6,885,900 | -742,646 | 3,112,858 | 7,119,727 | 6,698,319 |
| total shareholders funds | 5,408,748 | -3,996,433 | -732,096 | 436,459 | 1,677,003 | 5,646,706 | 8,394,866 | 7,190,319 | 6,605,661 | 6,885,900 | -742,646 | 3,112,858 | 7,119,727 | 6,698,319 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,545,067 | -2,677,788 | -631,544 | -1,050,148 | -3,879,691 | -1,876,738 | -828,804 | 294,753 | -1,104,437 | -961,152 | -3,113,851 | -2,162,904 | 1,846,158 | 3,430,952 |
| Depreciation | 16,310 | 38,695 | 100,348 | 101,121 | 125,129 | 142,790 | 150,630 | 128,952 | 109,411 | 102,715 | 118,458 | 119,650 | 280,809 | 150,995 |
| Amortisation | 1,085,468 | 1,068,035 | 1,265,227 | 1,274,589 | 1,305,825 | 1,297,079 | 1,186,425 | 1,176,184 | 966,899 | 2,857,743 | 1,348,066 | 1,854,369 | 618,898 | 252,902 |
| Tax | 10,639 | 21,647 | -47,750 | -51,213 | 6,145 | -313,090 | -277,984 | 23,042 | 24,102 | 106,234 | -206,564 | -130,869 | 66,510 | -68,994 |
| Stock | ||||||||||||||
| Debtors | 485,835 | -2,205,198 | -1,366,684 | 1,018,324 | -136,695 | -1,634,892 | 777,762 | 2,425,243 | -1,839,001 | 746,064 | -1,097,993 | -183,064 | 238,595 | 5,001,911 |
| Creditors | -30,251 | -169,239 | -177,028 | 280,889 | -272,108 | -72,551 | -321,635 | 427,824 | -387,979 | -92,539 | -151,092 | 278,148 | 494,638 | 246,070 |
| Accruals and Deferred Income | 1,647,252 | -2,009,520 | -31,402 | -84,819 | 110,938 | 555,462 | -317,614 | -133,677 | -2,063,493 | -3,799,978 | 1,607,484 | -170,335 | 1,072,987 | 5,804,933 |
| Deferred Taxes & Provisions | -31,698 | 36,106 | -3,429 | -17,055 | -24,319 | -20,365 | -18,023 | 83,191 | ||||||
| Cash flow from operations | 698,516 | -1,554,670 | 1,880,641 | -547,905 | -2,470,496 | 1,350,789 | -1,211,063 | -528,530 | -634,519 | -2,449,850 | 700,494 | -28,877 | 4,141,405 | 4,814,947 |
| Investing Activities | ||||||||||||||
| capital expenditure | -615,327 | -829,198 | -1,036,292 | -1,737,884 | -1,933,345 | -2,096,830 | -524,286 | -458,391 | -3,200,726 | -3,974,621 | ||||
| Change in Investments | 4,023,477 | 1,604 | -1,452 | 2,457 | -26,321 | 26,526 | -184,266 | 54,377 | 129,889 | |||||
| cash flow from investments | -1,604 | -613,875 | -831,655 | -1,009,971 | -1,764,410 | -1,933,345 | 184,266 | -2,151,207 | -654,175 | -458,391 | -3,200,726 | -3,974,621 | ||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -9,598,110 | 11,085,130 | ||||||||||||
| Other Short Term Loans | -636,146 | 636,146 | -636,146 | 636,146 | -789,878 | 789,878 | ||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | -29,840 | -36,041 | 65,529 | -909 | 1,261 | |||||||||
| other long term liabilities | -9,134,009 | -763,203 | 730,518 | 823,256 | -53,059 | 1,152,109 | 3,015,950 | 799,540 | -523,925 | 910,268 | 447,877 | -185,040 | 2,779,718 | |
| share issue | ||||||||||||||
| interest | -34,748 | -233,256 | -216,762 | -218,059 | -198,842 | -182,536 | 6,274 | -72,532 | -12,395 | -346,039 | -395,050 | -47,277 | -55,002 | |
| cash flow from financing | -1,835,620 | 1,342,925 | -1,282,304 | 555,294 | 792,847 | -587,674 | 2,725,420 | 3,912,488 | 1,645,635 | 4,098,847 | 201,255 | 89,339 | -1,887,200 | 7,978,459 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,790,537 | -3,217,245 | 250,446 | -618,969 | 1,524,053 | 507,499 | 110,772 | 831,926 | 310,721 | -718,985 | 293,288 | 155,828 | -1,243,954 | 1,911,039 |
| overdraft | -38,982 | 38,982 | ||||||||||||
| change in cash | 1,790,537 | -3,217,245 | 250,446 | -618,969 | 1,524,053 | 507,499 | 149,754 | 792,944 | 310,721 | -718,985 | 293,288 | 155,828 | -1,243,954 | 1,911,039 |
neural technologies limited Credit Report and Business Information
Neural Technologies Limited Competitor Analysis
Perform a competitor analysis for neural technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in RG14 area or any other competitors across 12 key performance metrics.
neural technologies limited Ownership
NEURAL TECHNOLOGIES LIMITED group structure
Neural Technologies Limited has no subsidiary companies.
Ultimate parent company
CONSTELLATION SOFTWARE INC
#0057346
INCOGNITO INTERACTIVE LIMITED
IE484336
2 parents
NEURAL TECHNOLOGIES LIMITED
02527794
neural technologies limited directors
Neural Technologies Limited currently has 5 directors. The longest serving directors include Mr Tony Garcia (Jun 2021) and Mr Brian Beattie (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tony Garcia | England | 53 years | Jun 2021 | - | Director |
| Mr Brian Beattie | England | 58 years | Jun 2021 | - | Director |
| Mr David Nyland | United Kingdom | 58 years | Jun 2021 | - | Director |
| Mr David Nyland | England | 58 years | Jun 2021 | - | Director |
| Ms Sophie Hamon | England | 43 years | Jan 2025 | - | Director |
P&L
March 2023turnover
3.5m
+35%
operating profit
-1.5m
-42%
gross margin
61.7%
+127.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
5.4m
-2.35%
total assets
9.1m
+0.18%
cash
1.9m
+18.57%
net assets
Total assets minus all liabilities
neural technologies limited company details
company number
02527794
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62020 - Computer consultancy activities
incorporation date
August 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
dragline limited (November 1990)
accountant
-
auditor
SHIPLEYS LLP
address
1, sterling industrial estate, kings road, newbury, RG14 5RQ
Bank
-
Legal Advisor
-
neural technologies 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 found 12 charges/mortgages relating to neural technologies limited. Currently there are 1 open charges and 11 have been satisfied in the past.
neural technologies limited Capital Raised & Share Issues BETA
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neural technologies limited Companies House Filings - See Documents
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