Pomanda estimates the enterprise value of SPITFIRE NETWORK SERVICES LIMITED at £27.9m based on a Turnover of £22m and 1.27x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPITFIRE NETWORK SERVICES LIMITED at £2.1m based on an EBITDA of £382.3k and a 5.5x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPITFIRE NETWORK SERVICES LIMITED at £2.3m based on Net Assets of £1m and 2.23x industry multiple (adjusted for liquidity).
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Spitfire Network Services LimitedOverview
Spitfire Network Services Limited is a live company located in london, N3 2FG with a Companies House number of 02657590. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in October 1991, it's largest shareholder is
spitfire technology group ltd
with a 100% stake. Spitfire Network Services Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£22m with
declining
growth in recent years.
Pomanda's financial health check has awarded Spitfire Network Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £22m, make it larger than the average company (£12.6m)
£22m - Spitfire Network Services Limited
£12.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.4%)
-3% - Spitfire Network Services Limited
4.4% - Industry AVG
Production
with a gross margin of 42.5%, this company has a comparable cost of product (38.7%)
42.5% - Spitfire Network Services Limited
38.7% - Industry AVG
Profitability
an operating margin of -1% make it less profitable than the average company (4.4%)
-1% - Spitfire Network Services Limited
4.4% - Industry AVG
Employees
with 100 employees, this is above the industry average (54)
100 - Spitfire Network Services Limited
54 - Industry AVG
Pay Structure
on an average salary of £66.4k, the company has an equivalent pay structure (£62.4k)
£66.4k - Spitfire Network Services Limited
£62.4k - Industry AVG
Efficiency
resulting in sales per employee of £219.8k, this is equally as efficient (£228.2k)
£219.8k - Spitfire Network Services Limited
£228.2k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (40 days)
5 days - Spitfire Network Services Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (43 days)
19 days - Spitfire Network Services Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (12 days)
6 days - Spitfire Network Services Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 19 weeks, this is more cash available to meet short term requirements (9 weeks)
19 weeks - Spitfire Network Services Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.5%, this is a higher level of debt than the average (64.3%)
78.5% - Spitfire Network Services Limited
64.3% - Industry AVG
SPITFIRE NETWORK SERVICES LIMITED financials
EXPORT
Spitfire Network Services Limited's latest turnover from March 2024 is £22 million and the company has net assets of £1 million. According to their latest financial statements, Spitfire Network Services Limited has 100 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
21,984,399
22,551,772
23,295,118
24,378,613
26,295,559
26,264,887
25,549,653
24,750,558
24,120,560
22,505,046
20,446,509
18,923,167
17,886,298
16,957,153
15,252,296
Other Income Or Grants
Cost Of Sales
12,637,064
12,677,353
12,732,312
13,458,676
14,858,273
14,963,311
14,582,545
14,802,795
14,552,727
13,529,331
12,229,601
11,382,586
10,818,992
10,523,591
9,413,066
Gross Profit
9,347,335
9,874,419
10,562,806
10,919,937
11,437,286
11,301,576
10,967,108
9,947,763
9,567,833
8,975,715
8,216,908
7,540,581
7,067,306
6,433,562
5,839,230
Admin Expenses
9,560,617
9,086,682
8,874,525
8,443,015
9,142,666
9,290,634
9,384,366
9,012,041
8,664,170
7,635,115
6,970,307
6,339,508
5,845,062
5,518,922
5,148,253
Operating Profit
-213,282
787,737
1,688,281
2,476,922
2,294,620
2,010,942
1,582,742
935,722
903,663
1,340,600
1,246,601
1,201,073
1,222,244
914,640
690,977
Interest Payable
42,675
39,409
1,368
613
8,003
13,332
8,630
182
242
199
Interest Receivable
15,340
672
39
2,692
1,279
2,497
5,311
548
547
545
547
574
829
Pre-Tax Profit
-240,617
749,000
1,688,281
2,475,554
2,294,046
2,005,631
1,570,689
929,589
908,792
1,341,148
1,247,148
1,201,376
1,222,592
915,214
691,806
Tax
-152,067
-249,726
-469,288
-426,301
-389,329
-335,370
-206,553
-154,878
-220,295
-242,822
-305,347
-329,640
-263,624
-213,987
Profit After Tax
-240,617
596,933
1,438,555
2,006,266
1,867,745
1,616,302
1,235,319
723,036
753,914
1,120,853
1,004,326
896,029
892,952
651,590
477,819
Dividends Paid
784,846
936,000
1,184,000
1,355,772
1,914,000
1,795,000
850,000
1,600,000
1,919,585
699,932
550,018
224,953
400,000
400,000
280,000
Retained Profit
-1,025,463
-339,067
254,555
650,494
-46,255
-178,698
385,319
-876,964
-1,165,671
420,921
454,308
671,076
492,952
251,590
197,819
Employee Costs
6,643,789
6,305,127
6,466,798
6,203,284
6,354,023
5,882,535
6,050,090
6,219,694
5,986,566
5,394,597
4,946,696
4,688,577
4,412,399
4,231,385
3,780,286
Number Of Employees
100
97
102
108
108
102
101
116
117
112
99
101
97
90
86
EBITDA*
382,292
1,103,814
1,991,847
2,838,692
2,784,358
2,532,684
2,147,463
1,424,820
1,392,761
1,755,543
1,671,769
1,572,941
1,495,470
1,125,483
884,493
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
1,718,526
1,169,762
1,327,710
1,113,902
1,310,837
1,582,997
1,819,549
2,161,516
2,168,214
2,040,359
1,997,603
2,139,806
1,121,169
525,748
382,147
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,718,526
1,169,762
1,327,710
1,113,902
1,310,837
1,582,997
1,819,549
2,161,516
2,168,214
2,040,359
1,997,603
2,139,806
1,121,169
525,748
382,147
Stock & work in progress
208,961
211,679
249,187
168,961
190,749
142,934
118,370
118,517
108,360
133,661
107,224
63,032
41,938
30,504
18,600
Trade Debtors
327,603
243,606
190,223
105,407
293,324
163,996
157,455
165,180
209,248
271,831
168,047
113,155
65,691
98,443
84,431
Group Debtors
170,618
170,618
170,618
170,618
444,377
Misc Debtors
917,659
767,919
750,037
747,682
860,751
1,015,492
831,644
689,365
644,060
682,567
694,453
525,255
533,682
738,409
772,816
Cash
1,348,888
2,945,734
3,016,778
3,519,253
3,155,029
2,719,895
3,342,731
2,813,816
3,300,857
4,095,949
3,250,486
2,393,011
3,549,405
2,460,046
1,901,308
misc current assets
total current assets
2,973,729
4,339,556
4,376,843
4,711,921
4,499,853
4,042,317
4,450,200
3,786,878
4,262,525
5,184,008
4,220,210
3,094,453
4,190,716
3,327,402
3,221,532
total assets
4,692,255
5,509,318
5,704,553
5,825,823
5,810,690
5,625,314
6,269,749
5,948,394
6,430,739
7,224,367
6,217,813
5,234,259
5,311,885
3,853,150
3,603,679
Bank overdraft
Bank loan
60,300
331,186
325,170
Trade Creditors
670,164
697,907
270,868
386,134
636,692
485,460
572,629
669,827
795,745
765,522
704,356
491,237
457,418
270,519
174,080
Group/Directors Accounts
321,210
422,155
531,366
604,296
551,599
638,239
901,210
1,088,054
654,275
515,872
414,412
355,873
976,399
604,782
377,274
other short term finances
hp & lease commitments
20,136
other current liabilities
2,497,042
2,354,478
2,528,474
2,716,103
3,153,603
2,986,564
2,595,323
2,044,668
2,795,325
2,591,908
2,168,901
1,911,313
2,073,308
1,666,041
1,578,459
total current liabilities
3,568,852
3,474,540
3,330,708
3,706,533
4,341,894
4,110,263
4,400,348
4,127,719
4,245,345
3,873,302
3,287,669
2,758,423
3,507,125
2,541,342
2,129,813
loans
85,425
175,652
512,245
413,648
hp & lease commitments
28,663
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
114,088
175,652
512,245
413,648
total liabilities
3,682,940
3,474,540
3,330,708
3,706,533
4,341,894
4,110,263
4,576,000
4,639,964
4,245,345
3,873,302
3,287,669
2,758,423
3,507,125
2,541,342
2,543,461
net assets
1,009,315
2,034,778
2,373,845
2,119,290
1,468,796
1,515,051
1,693,749
1,308,430
2,185,394
3,351,065
2,930,144
2,475,836
1,804,760
1,311,808
1,060,218
total shareholders funds
1,009,315
2,034,778
2,373,845
2,119,290
1,468,796
1,515,051
1,693,749
1,308,430
2,185,394
3,351,065
2,930,144
2,475,836
1,804,760
1,311,808
1,060,218
Mar 2024
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
-213,282
787,737
1,688,281
2,476,922
2,294,620
2,010,942
1,582,742
935,722
903,663
1,340,600
1,246,601
1,201,073
1,222,244
914,640
690,977
Depreciation
595,574
316,077
303,566
361,770
489,738
521,742
564,721
489,098
489,098
414,943
425,168
371,868
273,226
210,843
193,516
Amortisation
Tax
-152,067
-249,726
-469,288
-426,301
-389,329
-335,370
-206,553
-154,878
-220,295
-242,822
-305,347
-329,640
-263,624
-213,987
Stock
-2,718
-37,508
80,226
-21,788
47,815
24,564
-147
10,157
-25,301
26,437
44,192
21,094
11,434
11,904
18,600
Debtors
233,737
71,265
87,171
-130,368
-25,413
190,389
134,554
1,237
-101,090
91,898
224,090
39,037
-237,479
-464,772
1,301,624
Creditors
-27,743
427,039
-115,266
-250,558
151,232
-87,169
-97,198
-125,918
30,223
61,166
213,119
33,819
186,899
96,439
174,080
Accruals and Deferred Income
142,564
-173,996
-187,629
-437,500
167,039
391,241
550,655
-750,657
203,417
423,007
257,588
-161,995
407,267
87,582
1,578,459
Deferred Taxes & Provisions
Cash flow from operations
266,094
1,171,033
1,271,829
1,833,502
2,653,926
2,232,474
2,131,143
330,298
1,597,914
1,901,086
1,631,372
1,079,287
1,986,041
1,498,748
1,102,821
Investing Activities
capital expenditure
-288,090
-233,200
-510,633
-616,987
-458,464
-285,088
-1,410,887
-565,200
-354,030
-102,888
Change in Investments
cash flow from investments
-288,090
-233,200
-510,633
-616,987
-458,464
-285,088
-1,410,887
-565,200
-354,030
-102,888
Financing Activities
Bank loans
60,300
-331,186
6,016
325,170
Group/Directors Accounts
-100,945
-109,211
-72,930
52,697
-86,640
-262,971
-186,844
433,779
138,403
101,460
58,539
-620,526
371,617
227,508
377,274
Other Short Term Loans
Long term loans
85,425
-175,652
-336,593
512,245
-413,648
413,648
Hire Purchase and Lease Commitments
48,799
other long term liabilities
share issue
862,399
interest
-27,335
-38,737
-1,368
-574
-5,311
-12,053
-6,133
5,129
548
547
303
348
574
829
cash flow from financing
66,244
-147,948
-72,930
51,329
-87,214
-775,120
-529,474
1,265,061
143,532
102,008
59,086
-620,223
371,965
-185,566
1,654,150
cash and cash equivalents
cash
-1,596,846
-71,044
-502,475
364,224
435,134
-622,836
528,915
-487,041
-795,092
845,463
857,475
-1,156,394
1,089,359
558,738
1,901,308
overdraft
change in cash
-1,596,846
-71,044
-502,475
364,224
435,134
-622,836
528,915
-487,041
-795,092
845,463
857,475
-1,156,394
1,089,359
558,738
1,901,308
spitfire network services limited 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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spitfire network services limited Ownership
SPITFIRE NETWORK SERVICES LIMITED group structure
Spitfire Network Services Limited has no subsidiary companies.
The sole shareholder of Spitfire Network Services Limited is Spitfire Technology Group Ltd.
spitfire technology group ltd
100%
spitfire network services limited directors
Spitfire Network Services Limited currently has 2 directors.
The longest serving directors include
Mr Henry Bowlby (Aug 1996) and
Mr Dominic Norton (Nov 2017).
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 1 charges/mortgages relating to spitfire network services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
spitfire network services limited 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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spitfire network services limitedCompanies House Filings - See Documents
