Lynx Networks Ltd

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lynx networks ltd Company Information

Live

MatureSmallDeclining

Company Number

03136174

Website

www.lynxnetworks.co.uk

Registered Address

29 clarke road, bletchley, milton keynes, MK1 1LG

Industry

Wired telecommunications activities

Telephone

01908633833

Next Accounts Due

December 2024

Group Structure

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Directors

Alan Bullen28 Years

Martin Bullen22 Years

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Shareholders

alan roy bullen 30.8%

michele jayne bullen 30.8%

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lynx networks ltd Estimated Valuation

£3m

Pomanda estimates the enterprise value of LYNX NETWORKS LTD at £3m based on a Turnover of £3.9m and 0.77x industry multiple (adjusted for size and gross margin).

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Lynx Networks Ltd is a live company located in milton keynes, MK1 1LG with a Companies House number of 03136174. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in December 1995, it's largest shareholder is alan roy bullen with a 30.8% stake. Lynx Networks Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Lynx Networks Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £3.9m, make it in line with the average company (£4.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.3%)

EXPORT

Lynx Networks Ltd's latest turnover from March 2023 is £3.9 million and the company has net assets of £746.1 thousand. According to their latest financial statements, Lynx Networks Ltd has 44 employees and maintains cash reserves of £503.7 thousand 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	3,898,658	4,139,411	3,660,582	4,030,509	4,477,192	4,049,988	3,011,447	3,519,813	3,928,046	4,084,838	3,235,269	3,185,825	2,779,003	2,884,526
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,082,873	3,093,937	2,624,238	2,929,720	3,197,060	2,879,506	2,188,923	2,592,048	2,355,177	2,941,791	2,337,196	2,264,831	2,113,679	2,133,822
Gross Profit	815,785	1,045,474	1,036,344	1,100,789	1,280,132	1,170,482	822,524	927,765	1,572,869	1,143,047	898,073	920,994	665,324	750,704
Admin Expenses	912,925	914,298	710,951	1,022,881	934,147	899,238	814,784	805,617	1,202,441	777,585	723,108	678,619	658,959	741,956
Operating Profit	-97,140	131,176	325,393	77,908	345,985	271,244	7,740	122,148	370,428	365,462	174,965	242,375	6,365	8,748
Interest Payable	0	0	0	0	0	0	0	335	28	2,598	2,112	1,781	167	491
Interest Receivable	787	171	478	0	197	297	1,113	2,719	516	623	254	12	34	84
Pre-Tax Profit	-96,353	131,347	325,871	77,908	346,182	271,541	8,853	124,532	370,916	363,487	173,107	240,606	6,232	9,063
Tax	26,823	-11,090	-51,259	-7,226	-64,598	-47,993	-570	-25,396	-74,483	-75,691	-36,080	-48,055	3,894	-6,038
Profit After Tax	-69,530	120,257	274,612	70,682	281,584	223,548	8,283	99,136	296,433	287,796	137,027	192,551	10,126	3,025
Dividends Paid	0	108,000	216,000	63,000	171,000	228,400	0	48,900	200,000	165,501	72,000	81,270	0	0
Retained Profit	-69,530	12,257	58,612	7,682	110,584	-4,852	8,283	50,236	96,433	122,295	65,027	111,281	10,126	3,025
Employee Costs	1,628,898	1,565,079	1,571,304	1,695,178	1,670,959	1,486,247	1,443,228	1,499,397	1,394,999	1,270,816	1,168,534	1,104,224	1,097,880	1,256,062
Number Of Employees	44	45	45	54	50	48	45	51	47	44	44	45	47	50
EBITDA*	-52,671	184,004	375,820	137,967	411,920	358,395	84,479	177,518	424,653	411,839	220,866	280,161	35,523	47,232

* 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	134,392	177,462	176,156	190,869	216,126	252,162	243,599	209,066	211,812	171,391	148,638	150,806	127,547	124,869
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	134,392	177,462	176,156	190,869	216,126	252,162	243,599	209,066	211,812	171,391	148,638	150,806	127,547	124,869
Stock & work in progress	437,206	285,705	254,872	198,911	234,600	243,724	247,444	191,951	207,316	198,811	225,191	159,628	251,331	218,483
Trade Debtors	572,237	485,150	589,936	455,408	1,230,831	1,095,579	476,978	603,119	682,737	886,167	538,980	714,549	537,060	471,643
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	57,405	49,275	23,682	20,471	23,573	22,100	23,551	14,330	37,816	28,600	20,543	18,764	24,701	21,761
Cash	503,668	904,891	895,342	769,566	175,398	233,537	339,927	496,820	442,367	236,670	281,176	222,968	32,161	30,559
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,570,516	1,725,021	1,763,832	1,444,356	1,664,402	1,594,940	1,087,900	1,306,220	1,370,236	1,350,248	1,065,890	1,115,909	845,253	742,446
total assets	1,704,908	1,902,483	1,939,988	1,635,225	1,880,528	1,847,102	1,331,499	1,515,286	1,582,048	1,521,639	1,214,528	1,266,715	972,800	867,315
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	334,433	323,807	279,471	264,387	310,886	516,891	238,418	287,513	343,977	429,247	409,186	503,556	491,605	356,794
Group/Directors Accounts	466,448	574,854	593,067	436,145	501,328	0	0	0	0	348,931	255,222	219,902	172,557	207,816
other short term finances	0	0	0	0	0	478,549	301,240	377,776	450,730	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	13,276	20,154	21,083	11,150	0
other current liabilities	157,375	174,697	247,792	168,424	307,438	199,007	135,607	208,533	194,092	241,252	169,095	206,861	98,361	135,074
total current liabilities	958,256	1,073,358	1,120,330	868,956	1,119,652	1,194,447	675,265	873,822	988,799	1,032,706	853,657	951,402	773,673	699,684
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	3,322	3,311	23,465	21,370	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	587	13,530	16,320	21,543	23,832	26,195	24,922	18,435	20,456	9,251	3,495	2,810	0	0
total long term liabilities	587	13,530	16,320	21,543	23,832	26,195	24,922	18,435	20,456	12,573	6,806	26,275	21,370	0
total liabilities	958,843	1,086,888	1,136,650	890,499	1,143,484	1,220,642	700,187	892,257	1,009,255	1,045,279	860,463	977,677	795,043	699,684
net assets	746,065	815,595	803,338	744,726	737,044	626,460	631,312	623,029	572,793	476,360	354,065	289,038	177,757	167,631
total shareholders funds	746,065	815,595	803,338	744,726	737,044	626,460	631,312	623,029	572,793	476,360	354,065	289,038	177,757	167,631

	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	-97,140	131,176	325,393	77,908	345,985	271,244	7,740	122,148	370,428	365,462	174,965	242,375	6,365	8,748
Depreciation	44,469	52,828	50,427	60,059	65,935	87,151	76,739	55,370	54,225	46,377	45,901	37,786	29,158	38,484
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	26,823	-11,090	-51,259	-7,226	-64,598	-47,993	-570	-25,396	-74,483	-75,691	-36,080	-48,055	3,894	-6,038
Stock	151,501	30,833	55,961	-35,689	-9,124	-3,720	55,493	-15,365	8,505	-26,380	65,563	-91,703	32,848	218,483
Debtors	95,217	-79,193	137,739	-778,525	136,725	617,150	-116,920	-103,104	-194,214	355,244	-173,790	171,552	68,357	493,404
Creditors	10,626	44,336	15,084	-46,499	-206,005	278,473	-49,095	-56,464	-85,270	20,061	-94,370	11,951	134,811	356,794
Accruals and Deferred Income	-17,322	-73,095	79,368	-139,014	108,431	63,400	-72,926	14,441	-47,160	72,157	-37,766	108,500	-36,713	135,074
Deferred Taxes & Provisions	-12,943	-2,790	-5,223	-2,289	-2,363	1,273	6,487	-2,021	11,205	5,756	685	2,810	0	0
Cash flow from operations	-292,205	189,725	220,090	757,153	119,784	40,118	29,802	226,547	414,654	105,258	161,562	275,518	36,310	-178,825
Investing Activities
capital expenditure	0	0	0	0	19,567	8,700	18,300	-51,753	0	-44,745	-40,874	-25,644	5,053	5,400
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	19,567	8,700	18,300	-51,753	0	-44,745	-40,874	-25,644	5,053	5,400
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-108,406	-18,213	156,922	-65,183	501,328	0	0	0	-348,931	93,709	35,320	47,345	-35,259	207,816
Other Short Term Loans	0	0	0	0	-478,549	177,309	-76,536	-72,954	450,730	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	0	0	0	0	0	0	0	0	-16,598	-6,867	-21,083	12,028	32,520	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	164,606
interest	787	171	478	0	197	297	1,113	2,384	488	-1,975	-1,858	-1,769	-133	-407
cash flow from financing	-107,619	-18,042	157,400	-65,183	22,976	177,606	-75,423	-70,570	85,689	84,867	12,379	57,604	-2,872	372,015
cash and cash equivalents
cash	-401,223	9,549	125,776	594,168	-58,139	-106,390	-156,893	54,453	205,697	-44,506	58,208	190,807	1,602	30,559
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-401,223	9,549	125,776	594,168	-58,139	-106,390	-156,893	54,453	205,697	-44,506	58,208	190,807	1,602	30,559

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LYNX NETWORKS LTD group structure

Lynx Networks Ltd has no subsidiary companies.

Ultimate parent company

LYNX NETWORKS LTD

03136174

LYNX NETWORKS LTD Shareholders

alan roy bullen	30.82%
michele jayne bullen	30.82%
martin richard bullen	29.36%
mark anthony bird	8%
eva webb	1%

Lynx Networks Ltd currently has 3 directors. The longest serving directors include Mr Alan Bullen (Dec 1995) and Mr Martin Bullen (Mar 2002).

officer	country	age	start	end	role
Mr Alan Bullen		66 years	Dec 1995	-	Director
Mr Martin Bullen	England	68 years	Mar 2002	-	Director
Mr Mark Bird	England	54 years	Sep 2004	-	Director

P&L

March 2023

turnover

3.9m

-6%

operating profit

-97.1k

-174%

gross margin

21%

-17.15%

turnover

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

Balance Sheet

March 2023

net assets

746.1k

-0.09%

total assets

1.7m

-0.1%

cash

503.7k

-0.44%

net assets

Total assets minus all liabilities

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company number

03136174

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

incorporation date

December 1995

accounts

Full Accounts

ultimate parent company

None

previous names

lynx networks plc. (February 2024)

lynx data cabling plc (December 2003)

last accounts submitted

March 2023

address

29 clarke road, bletchley, milton keynes, MK1 1LG

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 5 charges/mortgages relating to lynx networks ltd. Currently there are 5 open charges and 0 have been satisfied in the past.

lynx networks ltd Company Information

lynx networks ltd Estimated Valuation

lynx networks ltd Estimated Valuation

lynx networks ltd Estimated Valuation

Lynx Networks Ltd Overview

Lynx Networks Ltd Health Check

LYNX NETWORKS LTD financials

lynx networks ltd Credit Report and Business Information

Lynx Networks Ltd Competitor Analysis

lynx networks ltd Ownership

lynx networks ltd directors

lynx networks ltd company details

lynx networks ltd Charges & Mortgages

lynx networks ltd Companies House Filings - See Documents