Kynetix Technology Limited

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kynetix technology limited Company Information

Live

MatureSmallLow

Company Number

03166153

Website

www.kynetix.com

Registered Address

springfield house, springfield road, horsham, west sussex, RH12 2RG

Industry

Computer consultancy activities

Telephone

02087740100

Next Accounts Due

October 2024

Group Structure

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Directors

Matthew Dolton28 Years

Shareholders

kynetix financial technology limited 100%

kynetix technology limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of KYNETIX TECHNOLOGY LIMITED at £2.4m based on Net Assets of £1.1m and 2.11x industry multiple (adjusted for liquidity).

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Kynetix Technology Limited is a live company located in horsham, RH12 2RG with a Companies House number of 03166153. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 1996, it's largest shareholder is kynetix financial technology limited with a 100% stake. Kynetix Technology Limited is a mature, small sized company, Pomanda has estimated its turnover at £997k with low growth in recent years.

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Pomanda's financial health check has awarded Kynetix Technology Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £997k, make it larger than the average company (£734.6k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.7%)

EXPORT

Kynetix Technology Limited's latest turnover from January 2023 is estimated at £997 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Kynetix Technology Limited has 13 employees and maintains cash reserves of £621.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	996,992	766,708	1,153,510	938,021	958,980	1,359,627	1,269,418	1,073,562	1,842,499	1,463,920	2,529,750	2,541,065	2,588,130	3,885,483
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	509,375	398,986	556,806	434,384	429,130	548,145	514,765	420,816	727,337	535,570	876,818	1,006,108	977,428	1,422,869
Gross Profit	487,616	367,723	596,704	503,637	529,850	811,483	754,653	652,746	1,115,162	928,350	1,652,932	1,534,957	1,610,702	2,462,614
Admin Expenses	550,173	17,916	355,327	257,424	394,041	860,396	1,011,821	937,722	1,016,415	1,496,920	1,374,425	1,799,514	1,616,344	442,668
Operating Profit	-62,557	349,807	241,377	246,213	135,809	-48,913	-257,168	-284,976	98,747	-568,570	278,507	-264,557	-5,642	2,019,946
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	24,009	1,586	694	5,309	3,571	2,884	1,972	4,940	5,382	6,653	7,722	7,876	8,655	4,366
Pre-Tax Profit	-38,548	351,394	242,072	251,522	139,380	-46,029	-255,196	-280,036	104,129	-561,917	286,229	-256,681	3,013	2,024,313
Tax	0	-66,765	-45,994	-47,789	-26,482	0	0	0	-21,867	0	-68,695	0	-843	-566,807
Profit After Tax	-38,548	284,629	196,078	203,733	112,898	-46,029	-255,196	-280,036	82,262	-561,917	217,534	-256,681	2,169	1,457,505
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-38,548	284,629	196,078	203,733	112,898	-46,029	-255,196	-280,036	82,262	-561,917	217,534	-256,681	2,169	1,457,505
Employee Costs	676,535	488,572	399,896	325,399	560,672	649,921	570,390	752,473	818,807	669,149	1,097,568	1,091,316	1,146,750	1,817,969
Number Of Employees	13	10	9	7	10	13	10	13	14	12	20	20	22	33
EBITDA*	-48,073	364,599	257,340	257,821	145,474	-46,483	-252,942	-279,873	103,926	-563,147	284,743	-260,269	-3,943	2,023,926

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	25,532	32,176	37,960	36,504	37,587	44,686	11,602	10,793	11,273	8,691	11,724	13,923	13,640	12,997
Intangible Assets	3,198	5,875	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	28,730	38,051	37,960	36,504	37,587	44,686	11,602	10,793	11,273	8,691	11,724	13,923	13,640	12,997
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	144,174	132,644	294,759	250,346	217,646	329,897	254,370	139,610	262,178	197,817	352,585	341,163	361,644	543,067
Group Debtors	705,936	706,291	706,563	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	536,266	122,242	45,335	54,657	120,430	183,820	42,861	48,139	0	0	0	0	0	0
Cash	621,883	750,064	519,052	869,888	545,793	406,582	746,896	830,935	1,145,021	1,007,635	1,653,520	1,435,086	1,715,351	1,746,568
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,008,259	1,711,241	1,565,709	1,174,891	883,869	920,299	1,044,127	1,018,684	1,407,199	1,205,452	2,006,105	1,776,249	2,076,995	2,289,635
total assets	2,036,989	1,749,292	1,603,669	1,211,395	921,456	964,985	1,055,729	1,029,477	1,418,472	1,214,143	2,017,829	1,790,172	2,090,635	2,302,632
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	130,584	43,044	60,163	33,446	11,279	83,958	59,784	34,604	474,993	352,926	594,695	583,917	628,292	842,458
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0
other current liabilities	787,004	548,299	664,554	496,387	432,635	517,934	587,318	331,285	0	0	0	0	0	0
total current liabilities	917,588	591,343	724,717	529,833	443,914	601,892	647,102	365,889	474,993	352,926	594,695	583,917	628,292	842,458
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	5,632	4,320	4,033	2,482	1,987	1,752	1,607	1,607	1,607	2,262	1,669	1,669
total long term liabilities	0	0	5,632	4,320	4,033	2,482	1,987	1,752	1,607	1,607	1,607	2,262	1,669	1,669
total liabilities	917,588	591,343	730,349	534,153	447,947	604,374	649,089	367,641	476,600	354,533	596,302	586,179	629,961	844,127
net assets	1,119,401	1,157,949	873,320	677,242	473,509	360,611	406,640	661,836	941,872	859,610	1,421,527	1,203,993	1,460,674	1,458,505
total shareholders funds	1,119,401	1,157,949	873,320	677,242	473,509	360,611	406,640	661,836	941,872	859,610	1,421,527	1,203,993	1,460,674	1,458,505

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-62,557	349,807	241,377	246,213	135,809	-48,913	-257,168	-284,976	98,747	-568,570	278,507	-264,557	-5,642	2,019,946
Depreciation	14,484	14,792	15,963	11,608	9,665	2,430	4,226	5,103	5,179	5,423	6,236	4,288	1,699	3,980
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-66,765	-45,994	-47,789	-26,482	0	0	0	-21,867	0	-68,695	0	-843	-566,807
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	425,199	-85,480	741,654	-33,073	-175,641	216,486	109,482	-74,429	64,361	-154,768	11,422	-20,481	-181,423	543,067
Creditors	87,540	-17,119	26,717	22,167	-72,679	24,174	25,180	-440,389	122,067	-241,769	10,778	-44,375	-214,166	842,458
Accruals and Deferred Income	238,705	-116,255	168,167	63,752	-85,299	-69,384	256,033	331,285	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-5,632	1,312	287	1,551	495	235	145	0	0	-655	593	0	1,669
Cash flow from operations	-147,027	244,308	-334,112	329,311	138,206	-307,684	-80,976	-314,403	139,765	-650,148	214,749	-283,570	-37,529	1,758,179
Investing Activities
capital expenditure	-5,163	-14,883	-17,419	-10,525	-2,566	-35,514	-5,035	-4,623	-7,761	-2,390	-4,037	-4,571	-2,342	-16,977
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,163	-14,883	-17,419	-10,525	-2,566	-35,514	-5,035	-4,623	-7,761	-2,390	-4,037	-4,571	-2,342	-16,977
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,000
interest	24,009	1,586	694	5,309	3,571	2,884	1,972	4,940	5,382	6,653	7,722	7,876	8,655	4,366
cash flow from financing	24,009	1,586	694	5,309	3,571	2,884	1,972	4,940	5,382	6,653	7,722	7,876	8,655	5,366
cash and cash equivalents
cash	-128,181	231,012	-350,836	324,095	139,211	-340,314	-84,039	-314,086	137,386	-645,885	218,434	-280,265	-31,217	1,746,568
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-128,181	231,012	-350,836	324,095	139,211	-340,314	-84,039	-314,086	137,386	-645,885	218,434	-280,265	-31,217	1,746,568

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KYNETIX TECHNOLOGY LIMITED group structure

Kynetix Technology Limited has no subsidiary companies.

Ultimate parent company

KYNETIX TECHNOLOGY LIMITED

03166153

KYNETIX TECHNOLOGY LIMITED Shareholders

kynetix financial technology limited

100%

Kynetix Technology Limited currently has 1 director, Mr Matthew Dolton serving since Feb 1996.

officer	country	age	start	end	role
Mr Matthew Dolton	England	62 years	Feb 1996	-	Director

P&L

January 2023

turnover

997k

+30%

operating profit

-62.6k

gross margin

49%

+1.98%

turnover

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

Balance Sheet

January 2023

net assets

1.1m

-0.03%

total assets

+0.16%

cash

621.9k

-0.17%

net assets

Total assets minus all liabilities

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company number

03166153

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

February 1996

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

springfield house, springfield road, horsham, west sussex, RH12 2RG

last accounts submitted

January 2023

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 kynetix technology limited. Currently there are 0 open charges and 1 have been satisfied in the past.

kynetix technology limited Company Information

kynetix technology limited Estimated Valuation

kynetix technology limited Estimated Valuation

kynetix technology limited Estimated Valuation

Kynetix Technology Limited Overview

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KYNETIX TECHNOLOGY LIMITED financials

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kynetix technology limited Ownership

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