Nice Network Ltd

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nice network ltd Company Information

Live

Mature

Company Number

02877794

Website

http://nicenetwork.uk

Registered Address

onecom house 4400 parkway, whiteley, fareham, hampshire, PO15 7FJ

Industry

Other telecommunications activities

Telephone

01915340140

Next Accounts Due

September 2024

Group Structure

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Directors

Adam Fowler3 Years

Christian Craggs3 Years

Shareholders

onecom group limited 100%

nice network ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of NICE NETWORK LTD at £0 based on a Turnover of £0 and 0.87x industry multiple (adjusted for size and gross margin).

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Nice Network Ltd is a live company located in fareham, PO15 7FJ with a Companies House number of 02877794. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in December 1993, it's largest shareholder is onecom group limited with a 100% stake. Nice Network Ltd is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Pomanda's financial health check has awarded Nice Network Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

0 Regular

0 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Nice Network Ltd's latest turnover from December 2022 is estimated at 0 and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Nice Network Ltd has no employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	0	447,315	1,594,267	1,768,274	1,562,569	1,457,961	1,328,131	698,099	1,445,983	895,890	1,066,837	1,134,497	949,892	914,491
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	364,059	1,280,474	1,421,062	1,259,949	1,162,426	1,041,847	552,361	1,131,581	706,365	835,842	878,804	734,154	729,884
Gross Profit	0	83,257	313,793	347,212	302,620	295,535	286,283	145,738	314,402	189,526	230,996	255,692	215,739	184,607
Admin Expenses	59,933	-426,115	410,880	438,337	242,338	216,621	233,557	74,876	253,441	160,084	189,978	214,103	197,494	-455,180
Operating Profit	-59,933	509,372	-97,087	-91,125	60,282	78,914	52,726	70,862	60,961	29,442	41,018	41,589	18,245	639,787
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	290	1,078	787
Interest Receivable	59,933	4,029	788	544	2,616	1,780	869	1,668	1,707	2,161	2,735	2,356	1,428	716
Pre-Tax Profit	0	513,401	-96,299	-90,581	62,898	80,694	53,595	72,530	62,668	31,603	43,753	43,654	18,594	639,715
Tax	0	-97,546	0	0	-11,951	-15,332	-10,719	-14,506	-13,160	-7,269	-10,501	-11,350	-5,206	-179,120
Profit After Tax	0	415,855	-96,299	-90,581	50,947	65,362	42,876	58,024	49,508	24,334	33,252	32,304	13,388	460,595
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	415,855	-96,299	-90,581	50,947	65,362	42,876	58,024	49,508	24,334	33,252	32,304	13,388	460,595
Employee Costs	0	573,610	1,406,155	1,226,700	1,222,710	1,109,374	1,122,347	102,484	205,231	154,000	141,940	140,119	137,669	144,457
Number Of Employees	0	10	25	23	23	21	22	2	4	3	3	3	3	3
EBITDA*	-59,933	509,372	-83,440	-69,213	83,364	106,992	81,982	103,341	90,881	63,139	72,380	63,580	38,096	656,454

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	0	39,986	444,131	455,228	446,911	473,760	492,087	516,805	379,889	408,048	362,338	356,207	344,749
Intangible Assets	0	0	20,312	25,625	29,875	34,125	38,375	42,625	41,875	45,938	49,688	53,438	57,188	60,938
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	146,985	226,916	19,615	19,615	19,615	19,615	11,529	29,571	29,571	0	0	0
Total Fixed Assets	0	0	207,283	696,672	504,718	500,651	531,750	554,327	570,209	455,398	487,307	415,776	413,395	405,687
Stock & work in progress	0	0	24,157	31,618	45,519	40,323	34,897	14,982	17,978	26,561	25,931	29,369	35,659	67,860
Trade Debtors	0	4,834	218,968	358,366	261,863	255,900	177,324	147,531	324,480	130,949	164,686	182,290	193,813	175,923
Group Debtors	1,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	55,531	57,191	1,275,783	962,819	316,196	204,762	206,364	222,254	46,112	127,891	118,282	0	0	0
Cash	1,508,344	1,916,409	1,307,181	819,753	268,478	429,076	282,982	412,445	254,887	427,918	436,444	657,575	284,634	286,392
misc current assets	0	0	0	131,135	137,227	131,048	78,927	76,061	0	0	0	0	0	0
total current assets	2,563,875	1,978,434	2,826,089	2,303,691	1,029,283	1,061,109	780,494	873,273	643,457	713,319	745,343	869,234	514,106	530,175
total assets	2,563,875	1,978,434	3,033,372	3,000,363	1,534,001	1,561,760	1,312,244	1,427,600	1,213,666	1,168,717	1,232,650	1,285,010	927,501	935,862
Bank overdraft	0	0	0	0	0	0	0	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	0	64,388	261,441	259,659	284,942	344,812	315,953	318,195	572,266	578,747	633,820	717,697	374,302	377,037
Group/Directors Accounts	1,394,631	675,491	0	0	0	0	0	0	0	0	0	1,890	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	10,272	10,272	0	0	0	0	0	0
other current liabilities	18,098	87,409	1,696,963	1,473,712	409,204	430,987	265,159	409,885	0	0	0	0	0	0
total current liabilities	1,412,729	827,288	1,958,404	1,733,371	694,146	775,799	591,384	738,352	572,266	578,747	633,820	719,587	374,302	377,037
loans	0	0	0	0	0	0	0	0	0	0	0	0	8,937	24,224
hp & lease commitments	0	0	0	0	0	0	0	10,272	0	0	0	0	0	0
Accruals and Deferred Income	0	0	334,466	518,639	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	20,544	25,097	55,786	55,644	67,927	71,044
provisions	0	0	5,211	7,344	8,265	5,318	5,579	6,571	6,475	0	2,505	2,492	1,352	1,962
total long term liabilities	0	0	339,677	525,983	8,265	5,318	5,579	16,843	27,019	25,097	58,291	58,136	78,216	97,230
total liabilities	1,412,729	827,288	2,298,081	2,259,354	702,411	781,117	596,963	755,195	599,285	603,844	692,111	777,723	452,518	474,267
net assets	1,151,146	1,151,146	735,291	741,009	831,590	780,643	715,281	672,405	614,381	564,873	540,539	507,287	474,983	461,595
total shareholders funds	1,151,146	1,151,146	735,291	741,009	831,590	780,643	715,281	672,405	614,381	564,873	540,539	507,287	474,983	461,595

	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-59,933	509,372	-97,087	-91,125	60,282	78,914	52,726	70,862	60,961	29,442	41,018	41,589	18,245	639,787
Depreciation	0	0	10,542	17,662	18,832	23,828	25,006	28,229	25,857	29,947	27,612	18,241	16,101	12,917
Amortisation	0	0	3,105	4,250	4,250	4,250	4,250	4,250	4,063	3,750	3,750	3,750	3,750	3,750
Tax	0	-97,546	0	0	-11,951	-15,332	-10,719	-14,506	-13,160	-7,269	-10,501	-11,350	-5,206	-179,120
Stock	0	-24,157	-21,362	-13,901	5,196	5,426	19,915	-2,996	-8,583	630	-3,438	-6,290	-32,201	67,860
Debtors	993,506	-1,579,711	1,044,062	950,427	117,397	76,974	13,903	7,279	93,710	-24,128	130,249	-11,523	17,890	175,923
Creditors	-64,388	-197,053	-23,501	-25,283	-59,870	28,859	-2,242	-254,071	-6,481	-55,073	-83,877	343,395	-2,735	377,037
Accruals and Deferred Income	-69,311	-1,944,020	1,622,225	1,583,147	-21,783	165,828	-144,726	409,885	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-5,211	-3,054	-921	2,947	-261	-992	96	6,475	-2,505	13	1,140	-610	1,962
Cash flow from operations	-1,187,138	-130,590	489,530	551,204	-129,886	203,686	-110,515	240,462	-7,412	21,790	-148,796	414,578	43,856	612,550
Investing Activities
capital expenditure	0	60,298	411,158	-6,565	-27,149	3,021	-6,679	-8,511	-162,773	-1,788	-73,322	-24,372	-27,559	-422,354
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	60,298	411,158	-6,565	-27,149	3,021	-6,679	-8,511	-162,773	-1,788	-73,322	-24,372	-27,559	-422,354
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	719,140	675,491	0	0	0	0	0	0	0	0	-1,890	1,890	0	0
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	-8,937	-15,287	24,224
Hire Purchase and Lease Commitments	0	0	0	0	0	-10,272	-10,272	20,544	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-20,544	-4,553	-30,689	142	-12,283	-3,117	71,044
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	59,933	4,029	788	544	2,616	1,780	869	1,668	1,707	2,161	2,735	2,066	350	-71
cash flow from financing	779,073	679,520	788	544	2,616	-8,492	-9,403	1,668	-2,846	-28,528	987	-17,264	-18,054	96,197
cash and cash equivalents
cash	-408,065	609,228	1,038,703	551,275	-160,598	146,094	-129,463	157,558	-173,031	-8,526	-221,131	372,941	-1,758	286,392
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-408,065	609,228	1,038,703	551,275	-160,598	146,094	-129,463	157,558	-173,031	-8,526	-221,131	372,941	-1,758	286,392

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NICE NETWORK LTD group structure

Nice Network Ltd has no subsidiary companies.

Ultimate parent company

SOLO TOPCO LIMITED

12075381

ONECOM GROUP LIMITED

08119216

2 parents

NICE NETWORK LTD

02877794

NICE NETWORK LTD Shareholders

onecom group limited

100%

Nice Network Ltd currently has 2 directors. The longest serving directors include Mr Adam Fowler (Nov 2020) and Mr Christian Craggs (Nov 2020).

officer	country	age	start	end	role
Mr Adam Fowler	England	43 years	Nov 2020	-	Director
Mr Christian Craggs	England	48 years	Nov 2020	-	Director

P&L

December 2022

turnover

-100%

operating profit

-59.9k

gross margin

turnover

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

Balance Sheet

December 2022

net assets

1.2m

total assets

2.6m

+0.3%

cash

1.5m

-0.21%

net assets

Total assets minus all liabilities

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company number

02877794

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

December 1993

age

accounts

Audit Exemption Subsidiary

ultimate parent company

SOLO TOPCO LIMITED

previous names

ccs mobile limited (July 2018)

c c s cellular limited (February 2012)

incorporated

address

onecom house 4400 parkway, whiteley, fareham, hampshire, PO15 7FJ

last accounts submitted

December 2022

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 4 charges/mortgages relating to nice network ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

nice network ltd Company Information

nice network ltd Estimated Valuation

nice network ltd Estimated Valuation

nice network ltd Estimated Valuation

Nice Network Ltd Overview

Nice Network Ltd Health Check

NICE NETWORK LTD financials

nice network ltd Credit Report and Business Information

Nice Network Ltd Competitor Analysis

nice network ltd Ownership

nice network ltd directors

nice network ltd company details

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nice network ltd Companies House Filings - See Documents