Northcote Internet Limited

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northcote internet limited Company Information

Live

MatureMicroDeclining

Company Number

03419924

Website

www.northcote.co.uk

Registered Address

118 pall mall, london, SW1Y 5ED

Industry

Other information technology and computer service activities

Other information service activities n.e.c.

Telephone

442078713895

Next Accounts Due

June 2025

Group Structure

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Directors

Edward Northcote26 Years

Sarah Northcote26 Years

Shareholders

edward bede robert hornby northcote 53.2%

sarah frances northcote 46.8%

northcote internet limited Estimated Valuation

£307.8k

Pomanda estimates the enterprise value of NORTHCOTE INTERNET LIMITED at £307.8k based on a Turnover of £315k and 0.98x industry multiple (adjusted for size and gross margin).

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Northcote Internet Limited is a live company located in london, SW1Y 5ED with a Companies House number of 03419924. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 1997, it's largest shareholder is edward bede robert hornby northcote with a 53.2% stake. Northcote Internet Limited is a mature, micro sized company, Pomanda has estimated its turnover at £315k with declining growth in recent years.

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Pomanda's financial health check has awarded Northcote Internet Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £315k, make it smaller than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (6.6%)

EXPORT

Northcote Internet Limited's latest turnover from September 2023 is estimated at £315 thousand and the company has net assets of £109.9 thousand. According to their latest financial statements, Northcote Internet Limited has 4 employees and maintains cash reserves of £103 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	314,969	406,946	511,464	562,207	412,246	509,244	777,741	1,230,985	1,351,152	1,287,077	1,227,669	1,081,348	1,380,408	576,166	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	127,504	164,753	206,017	231,942	184,994	210,188	313,436	514,843	587,591	552,649	528,760	476,493	561,978	245,997	0
Gross Profit	187,466	242,193	305,447	330,265	227,253	299,057	464,305	716,142	763,561	734,428	698,909	604,855	818,430	330,169	0
Admin Expenses	228,501	310,677	309,089	284,473	264,995	328,344	536,023	665,968	802,824	745,073	668,352	633,031	784,744	232,419	-313,423
Operating Profit	-41,035	-68,484	-3,642	45,792	-37,742	-29,287	-71,718	50,174	-39,263	-10,645	30,557	-28,176	33,686	97,750	313,423
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,586	2,859	163	152	1,260	1,401	479	469	934	1,030	1,096	1,070	1,266	1,171	426
Pre-Tax Profit	-36,449	-65,625	-3,479	45,943	-36,482	-27,886	-71,239	50,643	-38,329	-9,615	31,653	-27,106	34,953	98,921	313,849
Tax	0	0	0	-8,729	0	0	0	-10,128	0	0	-7,280	0	-9,088	-27,698	-87,878
Profit After Tax	-36,449	-65,625	-3,479	37,214	-36,482	-27,886	-71,239	40,514	-38,329	-9,615	24,373	-27,106	25,865	71,223	225,971
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-36,449	-65,625	-3,479	37,214	-36,482	-27,886	-71,239	40,514	-38,329	-9,615	24,373	-27,106	25,865	71,223	225,971
Employee Costs	199,049	184,298	177,577	166,789	209,658	284,325	475,420	709,604	823,916	783,196	756,079	644,043	818,727	365,006	0
Number Of Employees	4	4	4	4	5	7	12	18	21	20	20	17	22	10	0
EBITDA*	-36,411	-57,824	4,875	48,273	-37,742	-25,183	-56,851	83,196	5,122	31,379	60,774	-5,247	52,553	119,088	342,199

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	4,624	6,035	2,481	0	1,993	2,108	12,760	20,264	24,123	17,901	12,317	10,614	8,255	13,085
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	4,624	6,035	2,481	0	1,993	2,108	12,760	20,264	24,123	17,901	12,317	10,614	8,255	13,085
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	37,293	64,620	84,292	102,273	59,953	70,897	110,210	185,090	189,341	188,574	169,180	143,405	189,127	73,856	112,554
Group Debtors	0	16,363	16,363	7,319	4,319	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,841	12,234	14,205	6,592	16,991	16,235	14,670	21,781	0	0	0	0	0	0	0
Cash	102,990	80,435	173,679	152,208	151,078	184,997	188,625	194,544	180,367	193,250	218,839	219,655	208,461	298,080	170,270
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	149,124	173,652	288,539	268,392	232,341	272,129	313,505	401,415	369,708	381,824	388,019	363,060	397,588	371,936	282,824
total assets	149,124	178,276	294,574	270,873	232,341	274,122	315,613	414,175	389,972	405,947	405,920	375,377	408,202	380,191	295,909
Bank overdraft	0	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	0
Trade Creditors	10,556	9,348	20,451	6,663	21,895	9,628	20,719	13,038	114,979	93,042	84,644	78,474	84,193	82,047	68,988
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	28,668	22,233	61,652	48,757	32,207	49,773	52,287	86,700	0	0	0	0	0	0	0
total current liabilities	39,224	31,581	82,103	55,420	54,102	59,401	73,006	99,738	114,979	93,042	84,644	78,474	84,193	82,047	68,988
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	346	497	0	0	0	0	591	1,661	1,244	0	0	0	0	0
total long term liabilities	0	346	497	0	0	0	0	591	1,661	1,244	0	0	0	0	0
total liabilities	39,224	31,927	82,600	55,420	54,102	59,401	73,006	100,329	116,640	94,286	84,644	78,474	84,193	82,047	68,988
net assets	109,900	146,349	211,974	215,453	178,239	214,721	242,607	313,846	273,332	311,661	321,276	296,903	324,009	298,144	226,921
total shareholders funds	109,900	146,349	211,974	215,453	178,239	214,721	242,607	313,846	273,332	311,661	321,276	296,903	324,009	298,144	226,921

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-41,035	-68,484	-3,642	45,792	-37,742	-29,287	-71,718	50,174	-39,263	-10,645	30,557	-28,176	33,686	97,750	313,423
Depreciation	4,624	10,660	8,517	2,481	0	4,104	14,867	33,022	44,385	42,024	30,217	22,929	18,867	21,338	28,776
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-8,729	0	0	0	-10,128	0	0	-7,280	0	-9,088	-27,698	-87,878
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-47,083	-21,643	-1,324	34,921	-5,869	-37,748	-81,991	17,530	767	19,394	25,775	-45,722	115,271	-38,698	112,554
Creditors	1,208	-11,103	13,788	-15,232	12,267	-11,091	7,681	-101,941	21,937	8,398	6,170	-5,719	2,146	13,059	68,988
Accruals and Deferred Income	6,435	-39,419	12,895	16,550	-17,566	-2,514	-34,413	86,700	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-346	-151	497	0	0	0	-591	-1,070	417	1,244	0	0	0	0	0
Cash flow from operations	17,969	-86,854	33,379	5,941	-37,172	-1,040	-2,183	39,227	26,709	21,627	33,889	34,756	-69,660	143,147	210,755
Investing Activities
capital expenditure	0	-9,249	-12,071	-4,962	1,993	-3,989	-4,215	-25,518	-40,526	-48,246	-35,801	-24,632	-21,226	-16,508	-41,861
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-9,249	-12,071	-4,962	1,993	-3,989	-4,215	-25,518	-40,526	-48,246	-35,801	-24,632	-21,226	-16,508	-41,861
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	950
interest	4,586	2,859	163	152	1,260	1,401	479	469	934	1,030	1,096	1,070	1,266	1,171	426
cash flow from financing	4,586	2,859	163	152	1,260	1,401	479	469	934	1,030	1,096	1,070	1,266	1,171	1,376
cash and cash equivalents
cash	22,555	-93,244	21,471	1,130	-33,919	-3,628	-5,919	14,177	-12,883	-25,589	-816	11,194	-89,619	127,810	170,270
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	22,555	-93,244	21,471	1,130	-33,919	-3,628	-5,919	14,177	-12,883	-25,589	-816	11,194	-89,619	127,810	170,270

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTHCOTE INTERNET LIMITED group structure

Northcote Internet Limited has no subsidiary companies.

Ultimate parent company

NORTHCOTE INTERNET LIMITED

03419924

NORTHCOTE INTERNET LIMITED Shareholders

edward bede robert hornby northcote	53.16%
sarah frances northcote	46.84%

Northcote Internet Limited currently has 2 directors. The longest serving directors include Mr Edward Northcote (Nov 1997) and Ms Sarah Northcote (Nov 1997).

officer	country	age	start	end	role
Mr Edward Northcote		60 years	Nov 1997	-	Director
Ms Sarah Northcote		59 years	Nov 1997	-	Director

P&L

September 2023

turnover

315k

-23%

operating profit

-41k

gross margin

59.6%

+0.01%

turnover

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

Balance Sheet

September 2023

net assets

109.9k

-0.25%

total assets

149.1k

-0.16%

cash

103k

+0.28%

net assets

Total assets minus all liabilities

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company number

03419924

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

63990 - Other information service activities n.e.c.

incorporation date

August 1997

accounts

Total Exemption Full

ultimate parent company

None

previous names

timesite limited (September 1997)

last accounts submitted

September 2023

address

118 pall mall, london, SW1Y 5ED

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.

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northcote internet limited Company Information

northcote internet limited Estimated Valuation

northcote internet limited Estimated Valuation

northcote internet limited Estimated Valuation

Northcote Internet Limited Overview

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NORTHCOTE INTERNET LIMITED financials

northcote internet limited Credit Report and Business Information

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northcote internet limited Ownership

northcote internet limited directors

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