connect managed services (uk) limited
connect managed services (uk) limited Company Information
Company Number
02557464
Website
www.connectmanaged.comRegistered Address
5th floor, 90 fenchurch street, london, EC3M 4BY
Industry
Wired telecommunications activities
Other telecommunications activities
Telephone
442079503200
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
conn3ct limited 100%
connect managed services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of CONNECT MANAGED SERVICES (UK) LIMITED at £115.4m based on a Turnover of £52.9m and 2.18x industry multiple (adjusted for size and gross margin).
connect managed services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of CONNECT MANAGED SERVICES (UK) LIMITED at £38.3m based on an EBITDA of £4.4m and a 8.63x industry multiple (adjusted for size and gross margin).
connect managed services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of CONNECT MANAGED SERVICES (UK) LIMITED at £33.9m based on Net Assets of £13.2m and 2.57x industry multiple (adjusted for liquidity).
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Connect Managed Services (uk) Limited Overview
Connect Managed Services (uk) Limited is a live company located in london, EC3M 4BY with a Companies House number of 02557464. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in November 1990, it's largest shareholder is conn3ct limited with a 100% stake. Connect Managed Services (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £52.9m with healthy growth in recent years.
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Connect Managed Services (uk) Limited Health Check
Pomanda's financial health check has awarded Connect Managed Services (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £52.9m, make it larger than the average company (£7.7m)
£52.9m - Connect Managed Services (uk) Limited
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.4%)
14% - Connect Managed Services (uk) Limited
4.4% - Industry AVG
Production
with a gross margin of 52.7%, this company has a lower cost of product (38.6%)
52.7% - Connect Managed Services (uk) Limited
38.6% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (3.5%)
6.1% - Connect Managed Services (uk) Limited
3.5% - Industry AVG
Employees
with 194 employees, this is above the industry average (46)
194 - Connect Managed Services (uk) Limited
46 - Industry AVG
Pay Structure
on an average salary of £85k, the company has a higher pay structure (£57.4k)
£85k - Connect Managed Services (uk) Limited
£57.4k - Industry AVG
Efficiency
resulting in sales per employee of £272.9k, this is more efficient (£192.5k)
£272.9k - Connect Managed Services (uk) Limited
£192.5k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (42 days)
36 days - Connect Managed Services (uk) Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (47 days)
53 days - Connect Managed Services (uk) Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (12 days)
4 days - Connect Managed Services (uk) Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (12 weeks)
5 weeks - Connect Managed Services (uk) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.3%, this is a higher level of debt than the average (64.2%)
72.3% - Connect Managed Services (uk) Limited
64.2% - Industry AVG
CONNECT MANAGED SERVICES (UK) LIMITED financials
Connect Managed Services (Uk) Limited's latest turnover from April 2023 is £52.9 million and the company has net assets of £13.2 million. According to their latest financial statements, Connect Managed Services (Uk) Limited has 194 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 52,940,000 | 47,016,000 | 41,130,000 | 35,347,000 | 28,440,000 | 15,205,000 | 13,084,000 | 9,205,000 | 7,043,906 | 8,245,544 | 6,097,814 | 4,884,914 | 4,775,322 | 5,414,238 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 25,026,000 | 21,035,000 | 19,919,000 | 16,092,000 | 12,907,000 | 5,500,000 | 5,678,000 | 3,674,000 | 2,554,125 | 3,058,505 | 2,238,857 | 2,011,043 | 1,522,993 | 1,999,240 |
| Gross Profit | 27,914,000 | 25,981,000 | 21,211,000 | 19,255,000 | 15,533,000 | 9,705,000 | 7,406,000 | 5,531,000 | 4,489,781 | 5,187,039 | 3,858,957 | 2,873,871 | 3,252,329 | 3,414,998 |
| Admin Expenses | 24,677,000 | 25,562,000 | 17,934,000 | 18,852,000 | 13,700,000 | 8,669,000 | 5,775,000 | 5,803,000 | 4,216,756 | 4,689,624 | 3,662,456 | 2,713,145 | 2,537,234 | 3,025,611 |
| Operating Profit | 3,237,000 | 419,000 | 3,277,000 | 403,000 | 1,833,000 | 1,036,000 | 1,631,000 | -272,000 | 273,025 | 497,415 | 196,501 | 160,726 | 715,095 | 389,387 |
| Interest Payable | 53,000 | 74,000 | 12,000 | 2,000 | 138,000 | 62,000 | 8,000 | 11,000 | 19,941 | 29,222 | 21,574 | 22,231 | 27,123 | 44,400 |
| Interest Receivable | 257,000 | 255,000 | 255,000 | 175,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,441,000 | 600,000 | 3,520,000 | 2,334,000 | 1,695,000 | 974,000 | 1,623,000 | -283,000 | 253,084 | 468,193 | 174,927 | 138,495 | 687,972 | 344,987 |
| Tax | -302,000 | -362,000 | -323,000 | 30,000 | -191,000 | -243,000 | -175,000 | -49,000 | 0 | -107,345 | -46,287 | -30,000 | -217,982 | -110,395 |
| Profit After Tax | 3,139,000 | 238,000 | 3,197,000 | 2,364,000 | 1,504,000 | 731,000 | 1,448,000 | -332,000 | 253,084 | 360,848 | 128,640 | 108,495 | 469,990 | 234,592 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,218,657 | 0 | 0 | 0 | 958,184 | 0 |
| Retained Profit | 3,139,000 | 238,000 | 3,197,000 | 2,364,000 | 1,504,000 | 731,000 | 1,448,000 | -332,000 | -965,573 | 360,848 | 128,640 | 108,495 | -488,194 | 234,592 |
| Employee Costs | 16,495,000 | 15,315,000 | 12,276,000 | 11,249,000 | 8,680,000 | 5,374,000 | 4,246,000 | 3,989,000 | 3,232,728 | 3,265,943 | 2,596,072 | |||
| Number Of Employees | 194 | 189 | 163 | 135 | 112 | 84 | 67 | 63 | 54 | 51 | 48 | |||
| EBITDA* | 4,436,000 | 1,613,000 | 3,964,000 | 1,003,000 | 2,265,000 | 1,526,000 | 2,020,000 | -11,000 | 374,859 | 594,353 | 261,779 | 202,140 | 750,869 | 423,073 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 606,000 | 1,051,000 | 1,469,000 | 446,000 | 216,000 | 312,000 | 416,000 | 319,000 | 248,567 | 177,950 | 214,969 | 176,367 | 83,835 | 91,975 |
| Intangible Assets | 1,197,000 | 1,253,000 | 1,270,000 | 1,027,000 | 581,000 | 261,000 | 343,000 | 343,000 | 94,956 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,489,000 | 2,641,000 | 2,418,000 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 425,045 | 419,475 | 374,087 | 404,087 | 404,087 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 339,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,292,000 | 4,945,000 | 5,157,000 | 1,474,000 | 1,137,000 | 573,000 | 759,000 | 662,000 | 343,523 | 602,995 | 634,444 | 550,454 | 487,922 | 496,062 |
| Stock & work in progress | 292,000 | 325,000 | 383,000 | 138,000 | 404,000 | 430,000 | 457,000 | 443,000 | 481,026 | 521,830 | 443,144 | 520,169 | 452,461 | 550,130 |
| Trade Debtors | 5,290,000 | 7,600,000 | 4,321,000 | 9,660,000 | 4,568,000 | 4,145,000 | 3,646,000 | 2,431,000 | 2,522,242 | 2,561,004 | 2,408,161 | 1,175,900 | 1,340,800 | 1,429,606 |
| Group Debtors | 27,128,000 | 16,491,000 | 9,462,000 | 6,001,000 | 3,691,000 | 1,060,000 | 2,583,000 | 0 | 0 | 0 | 58,216 | 0 | 110,120 | 352,232 |
| Misc Debtors | 7,176,000 | 5,983,000 | 5,513,000 | 4,981,000 | 5,995,000 | 1,786,000 | 1,502,000 | 1,127,000 | 496,869 | 766,509 | 575,679 | 350,324 | 339,145 | 314,837 |
| Cash | 3,499,000 | 3,545,000 | 4,818,000 | 2,649,000 | 949,000 | 1,545,000 | 850,000 | 1,387,000 | 1,507,285 | 1,827,111 | 389,336 | 479,154 | 58,018 | 19,500 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 43,385,000 | 33,944,000 | 24,497,000 | 23,429,000 | 15,607,000 | 8,966,000 | 9,038,000 | 5,388,000 | 5,007,422 | 5,676,454 | 3,874,536 | 2,525,547 | 2,300,544 | 2,666,305 |
| total assets | 47,677,000 | 38,889,000 | 29,654,000 | 24,903,000 | 16,744,000 | 9,539,000 | 9,797,000 | 6,050,000 | 5,350,945 | 6,279,449 | 4,508,980 | 3,076,001 | 2,788,466 | 3,162,367 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 1,770,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,650,000 | 3,962,000 | 4,627,000 | 4,369,000 | 2,268,000 | 2,645,000 | 947,000 | 955,000 | 613,649 | 977,239 | 489,581 | 259,484 | 338,495 | 189,188 |
| Group/Directors Accounts | 14,751,000 | 8,584,000 | 2,267,000 | 756,000 | 2,286,000 | 0 | 725,000 | 2,279,000 | 2,584,083 | 1,307,307 | 1,265,652 | 908,145 | 549,320 | 473,221 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 259,000 | 260,000 | 268,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,405 |
| other current liabilities | 15,287,000 | 15,127,000 | 11,459,000 | 13,077,000 | 7,900,000 | 4,088,000 | 4,280,000 | 3,264,000 | 2,324,859 | 3,200,976 | 2,318,600 | 1,603,766 | 1,710,257 | 1,819,965 |
| total current liabilities | 33,947,000 | 27,933,000 | 18,621,000 | 18,202,000 | 12,454,000 | 6,733,000 | 7,722,000 | 6,498,000 | 5,522,591 | 5,485,522 | 4,073,833 | 2,771,395 | 2,598,072 | 2,483,779 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 252,000 | 511,000 | 771,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 250,000 | 250,000 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 42,000 | 148,000 | 203,000 | 89,000 | 42,000 | 62,000 | 62,000 | 62,000 | 5,550 | 5,550 | 7,618 | 5,717 | 0 | 0 |
| total long term liabilities | 544,000 | 909,000 | 1,224,000 | 89,000 | 42,000 | 62,000 | 62,000 | 62,000 | 5,550 | 5,550 | 7,618 | 5,717 | 0 | 0 |
| total liabilities | 34,491,000 | 28,842,000 | 19,845,000 | 18,291,000 | 12,496,000 | 6,795,000 | 7,784,000 | 6,560,000 | 5,528,141 | 5,491,072 | 4,081,451 | 2,777,112 | 2,598,072 | 2,483,779 |
| net assets | 13,186,000 | 10,047,000 | 9,809,000 | 6,612,000 | 4,248,000 | 2,744,000 | 2,013,000 | -510,000 | -177,196 | 788,377 | 427,529 | 298,889 | 190,394 | 678,588 |
| total shareholders funds | 13,186,000 | 10,047,000 | 9,809,000 | 6,612,000 | 4,248,000 | 2,744,000 | 2,013,000 | -510,000 | -177,196 | 788,377 | 427,529 | 298,889 | 190,394 | 678,588 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,237,000 | 419,000 | 3,277,000 | 403,000 | 1,833,000 | 1,036,000 | 1,631,000 | -272,000 | 273,025 | 497,415 | 196,501 | 160,726 | 715,095 | 389,387 |
| Depreciation | 640,000 | 634,000 | 313,000 | 272,000 | 234,000 | 270,000 | 220,000 | 188,000 | 101,834 | 96,938 | 65,278 | 41,414 | 35,774 | 33,686 |
| Amortisation | 559,000 | 560,000 | 374,000 | 328,000 | 198,000 | 220,000 | 169,000 | 73,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -302,000 | -362,000 | -323,000 | 30,000 | -191,000 | -243,000 | -175,000 | -49,000 | 0 | -107,345 | -46,287 | -30,000 | -217,982 | -110,395 |
| Stock | -33,000 | -58,000 | 245,000 | 138,000 | -26,000 | -27,000 | 14,000 | -38,026 | -40,804 | 78,686 | -77,025 | 67,708 | -97,669 | 550,130 |
| Debtors | 9,520,000 | 10,778,000 | -1,346,000 | 20,642,000 | 7,602,000 | -740,000 | 4,173,000 | 538,889 | -308,402 | 285,457 | 1,515,832 | -263,841 | -306,610 | 2,096,675 |
| Creditors | -312,000 | -665,000 | 258,000 | 4,369,000 | -377,000 | 1,698,000 | -8,000 | 341,351 | -363,590 | 487,658 | 230,097 | -79,011 | 149,307 | 189,188 |
| Accruals and Deferred Income | 160,000 | 3,668,000 | -1,618,000 | 13,077,000 | 3,812,000 | -192,000 | 1,016,000 | 939,141 | -876,117 | 882,376 | 714,834 | -106,491 | -109,708 | 1,819,965 |
| Deferred Taxes & Provisions | -106,000 | -55,000 | 114,000 | 89,000 | -20,000 | 0 | 0 | 56,450 | 0 | -2,068 | 1,901 | 5,717 | 0 | 0 |
| Cash flow from operations | -5,611,000 | -6,521,000 | 3,496,000 | -2,212,000 | -2,087,000 | 3,556,000 | -1,334,000 | 776,079 | -515,642 | 1,490,831 | -276,483 | 188,488 | 976,765 | -324,974 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -152,000 | 223,000 | 2,417,000 | 1,000 | 1,000 | 0 | 0 | 0 | -425,045 | 5,570 | 45,388 | -30,000 | 0 | 404,087 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,167,000 | 6,317,000 | 1,511,000 | 756,000 | 2,286,000 | -725,000 | -1,554,000 | -305,083 | 1,276,776 | 41,655 | 357,507 | 358,825 | 76,099 | 473,221 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -260,000 | -268,000 | 1,039,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,405 | 1,405 |
| other long term liabilities | 0 | 0 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 204,000 | 181,000 | 243,000 | 173,000 | -138,000 | -62,000 | -8,000 | -11,000 | -19,941 | -29,222 | -21,574 | -22,231 | -27,123 | -44,400 |
| cash flow from financing | 6,111,000 | 6,230,000 | 3,043,000 | 5,177,000 | 2,148,000 | -787,000 | -487,000 | -316,887 | 1,256,835 | 12,433 | 335,933 | 336,594 | 47,571 | 874,222 |
| cash and cash equivalents | ||||||||||||||
| cash | -46,000 | -1,273,000 | 2,169,000 | 2,649,000 | -596,000 | 695,000 | -537,000 | -120,285 | -319,826 | 1,437,775 | -89,818 | 421,136 | 38,518 | 19,500 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -1,770,000 | 1,770,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -46,000 | -1,273,000 | 2,169,000 | 2,649,000 | -596,000 | 2,465,000 | -2,307,000 | -120,285 | -319,826 | 1,437,775 | -89,818 | 421,136 | 38,518 | 19,500 |
connect managed services (uk) limited Credit Report and Business Information
Connect Managed Services (uk) Limited Competitor Analysis
Perform a competitor analysis for connect managed services (uk) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
connect managed services (uk) limited Ownership
CONNECT MANAGED SERVICES (UK) LIMITED group structure
Connect Managed Services (Uk) Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
CONNECT MANAGED SERVICES (UK) LIMITED
02557464
2 subsidiaries
connect managed services (uk) limited directors
Connect Managed Services (Uk) Limited currently has 3 directors. The longest serving directors include Mr Martin Cross (Oct 2005) and Mr Peter Francis (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Cross | England | 53 years | Oct 2005 | - | Director |
| Mr Peter Francis | England | 55 years | May 2020 | - | Director |
| Mr Adam Young | England | 52 years | May 2020 | - | Director |
P&L
April 2023turnover
52.9m
+13%
operating profit
3.2m
+673%
gross margin
52.8%
-4.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
13.2m
+0.31%
total assets
47.7m
+0.23%
cash
3.5m
-0.01%
net assets
Total assets minus all liabilities
Similar Companies
connect managed services (uk) limited company details
company number
02557464
Type
Private limited with Share Capital
industry
61200 - Wireless telecommunications activities
61100 - Wired telecommunications activities
61900 - Other telecommunications activities
incorporation date
November 1990
age
34
accounts
Full Accounts
ultimate parent company
previous names
connect managed services limited (June 2015)
connect communications group limited (August 2014)
See moreincorporated
UK
address
5th floor, 90 fenchurch street, london, EC3M 4BY
last accounts submitted
April 2023
connect managed services (uk) 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 13 charges/mortgages relating to connect managed services (uk) limited. Currently there are 4 open charges and 9 have been satisfied in the past.
connect managed services (uk) limited Companies House Filings - See Documents
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