abilitynet
abilitynet Company Information
Company Number
03469653
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
9 appold street, london, EC2A 2AP
Website
abilitynet.org.ukabilitynet Estimated Valuation
Pomanda estimates the enterprise value of ABILITYNET at £3.7m based on a Turnover of £4.6m and 0.81x industry multiple (adjusted for size and gross margin).
abilitynet Estimated Valuation
Pomanda estimates the enterprise value of ABILITYNET at £0 based on an EBITDA of £-771.3k and a 5.51x industry multiple (adjusted for size and gross margin).
abilitynet Estimated Valuation
Pomanda estimates the enterprise value of ABILITYNET at £3.7m based on Net Assets of £1.6m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Abilitynet Overview
Abilitynet is a live company located in london, EC2A 2AP with a Companies House number of 03469653. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 1997, it's largest shareholder is unknown. Abilitynet is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.
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Abilitynet Health Check
Pomanda's financial health check has awarded Abilitynet a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £4.6m, make it smaller than the average company (£7.3m)
£4.6m - Abilitynet
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8%)
-2% - Abilitynet
8% - Industry AVG
Production
with a gross margin of 51.4%, this company has a comparable cost of product (51.4%)
51.4% - Abilitynet
51.4% - Industry AVG
Profitability
an operating margin of -18% make it less profitable than the average company (3.6%)
-18% - Abilitynet
3.6% - Industry AVG
Employees
with 83 employees, this is above the industry average (43)
83 - Abilitynet
43 - Industry AVG
Pay Structure
on an average salary of £48.6k, the company has a lower pay structure (£74.2k)
£48.6k - Abilitynet
£74.2k - Industry AVG
Efficiency
resulting in sales per employee of £54.9k, this is less efficient (£178.1k)
£54.9k - Abilitynet
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (52 days)
14 days - Abilitynet
52 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (33 days)
11 days - Abilitynet
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Abilitynet
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 89 weeks, this is more cash available to meet short term requirements (14 weeks)
89 weeks - Abilitynet
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.8%, this is a lower level of debt than the average (64.7%)
49.8% - Abilitynet
64.7% - Industry AVG
ABILITYNET financials
Abilitynet's latest turnover from December 2023 is £4.6 million and the company has net assets of £1.6 million. According to their latest financial statements, Abilitynet has 83 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,554,827 | 5,727,697 | 5,881,624 | 4,883,572 | 4,443,469 | 4,079,471 | 3,938,473 | 3,650,394 | 2,664,486 | 2,641,618 | 3,707,953 | 3,492,061 | 3,397,047 | 2,362,403 | 2,553,031 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 3,768 | 3,979 | |||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -670,426 | 144,958 | 900,325 | 562,172 | 65,634 | -255,755 | -20,713 | 139,320 | -133,775 | -216,773 | 348,660 | 299,031 | 294,946 | 138 | -65,692 |
| Tax | |||||||||||||||
| Profit After Tax | -670,426 | 144,958 | 900,325 | 562,172 | 65,634 | -255,755 | -20,713 | 139,320 | -133,775 | -216,773 | 348,660 | 299,031 | 294,946 | 138 | -65,692 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -670,426 | 144,958 | 900,325 | 562,172 | 65,634 | -255,755 | -20,713 | 139,320 | -133,775 | -216,773 | 348,660 | 299,031 | 294,946 | 138 | -65,692 |
| Employee Costs | 4,031,062 | 4,280,175 | 3,871,551 | 3,371,085 | 3,258,845 | 3,002,095 | 2,855,180 | 2,431,314 | 1,981,600 | 2,020,134 | 2,460,988 | 2,444,061 | 2,160,203 | 1,581,147 | 1,636,491 |
| Number Of Employees | 83 | 84 | 75 | 66 | 61 | 57 | 54 | 53 | 45 | 49 | 51 | 49 | 42 | 41 | 42 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 66,307 | 85,934 | 45,444 | 58,896 | 95,566 | 44,807 | 73,110 | 67,403 | 69,019 | 45,612 | 28,345 | 33,596 | 51,652 | 57,241 | 66,935 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 66,307 | 85,934 | 45,444 | 58,896 | 95,566 | 44,807 | 73,110 | 67,403 | 69,019 | 45,612 | 28,345 | 33,596 | 51,652 | 57,241 | 66,935 |
| Stock & work in progress | 7,753 | 10,858 | |||||||||||||
| Trade Debtors | 178,371 | 325,904 | 401,311 | 524,810 | 438,443 | 587,301 | 657,760 | 804,595 | 291,413 | 339,930 | 606,632 | 570,033 | 528,625 | 403,324 | 182,594 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 210,266 | 361,762 | 234,496 | 209,678 | 118,801 | 150,740 | 125,678 | 52,615 | 47,379 | 45,561 | 29,578 | 20,373 | 18,056 | 11,198 | 59,223 |
| Cash | 2,798,291 | 2,893,041 | 2,740,499 | 1,857,583 | 1,470,191 | 1,129,029 | 1,313,095 | 1,286,522 | 1,168,455 | 1,007,227 | 1,364,321 | 983,834 | 650,774 | 192,801 | 355,842 |
| misc current assets | |||||||||||||||
| total current assets | 3,186,928 | 3,580,707 | 3,376,306 | 2,592,071 | 2,027,435 | 1,867,070 | 2,096,533 | 2,143,732 | 1,507,247 | 1,392,718 | 2,000,531 | 1,574,240 | 1,197,455 | 615,076 | 608,517 |
| total assets | 3,253,235 | 3,666,641 | 3,421,750 | 2,650,967 | 2,123,001 | 1,911,877 | 2,169,643 | 2,211,135 | 1,576,266 | 1,438,330 | 2,028,876 | 1,607,836 | 1,249,107 | 672,317 | 675,452 |
| Bank overdraft | |||||||||||||||
| Bank loan | 21,067 | 24,732 | |||||||||||||
| Trade Creditors | 71,902 | 73,926 | 94,831 | 124,050 | 112,004 | 145,929 | 119,894 | 89,377 | 91,628 | 68,505 | 120,232 | 69,635 | 93,902 | 143,179 | 89,036 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 5,153 | 27,889 | 27,444 | 26,893 | 5,305 | 23,571 | 26,935 | 16,005 | 8,439 | 12,381 | 9,401 | ||||
| other current liabilities | 1,547,671 | 1,283,474 | 1,139,900 | 1,217,385 | 1,236,744 | 1,129,644 | 1,134,119 | 1,163,187 | 674,245 | 467,903 | 781,510 | 747,346 | 658,454 | 309,273 | 325,764 |
| total current liabilities | 1,619,573 | 1,362,553 | 1,262,620 | 1,368,879 | 1,375,641 | 1,280,878 | 1,277,584 | 1,279,499 | 781,878 | 536,408 | 910,181 | 829,362 | 761,757 | 473,519 | 439,532 |
| loans | 22,740 | 60,000 | |||||||||||||
| hp & lease commitments | 23,283 | 50,727 | 5,305 | 24,169 | 26,241 | 8,439 | 16,346 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 23,283 | 50,727 | 5,305 | 24,169 | 26,241 | 8,439 | 16,346 | 22,740 | 60,000 | ||||||
| total liabilities | 1,619,573 | 1,362,553 | 1,262,620 | 1,392,162 | 1,426,368 | 1,280,878 | 1,282,889 | 1,303,668 | 808,119 | 536,408 | 910,181 | 837,801 | 778,103 | 496,259 | 499,532 |
| net assets | 1,633,662 | 2,304,088 | 2,159,130 | 1,258,805 | 696,633 | 630,999 | 886,754 | 907,467 | 768,147 | 901,922 | 1,118,695 | 770,035 | 471,004 | 176,058 | 175,920 |
| total shareholders funds | 1,633,662 | 2,304,088 | 2,159,130 | 1,258,805 | 696,633 | 630,999 | 886,754 | 907,467 | 768,147 | 901,922 | 1,118,695 | 770,035 | 471,004 | 176,058 | 175,920 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 48,532 | 60,471 | 39,369 | 40,721 | 39,961 | 46,695 | 54,000 | 44,799 | 30,023 | 28,258 | 27,905 | 30,970 | 41,594 | 60,848 | 53,419 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -7,753 | -3,105 | 10,858 | ||||||||||||
| Debtors | -299,029 | 51,859 | -98,681 | 177,244 | -180,797 | -45,397 | -73,772 | 518,418 | -46,699 | -250,719 | 45,804 | 43,725 | 132,159 | 172,705 | 241,817 |
| Creditors | -2,024 | -20,905 | -29,219 | 12,046 | -33,925 | 26,035 | 30,517 | -2,251 | 23,123 | -51,727 | 50,597 | -24,267 | -49,277 | 54,143 | 89,036 |
| Accruals and Deferred Income | 264,197 | 143,574 | -77,485 | -19,359 | 107,100 | -4,475 | -29,068 | 488,942 | 206,342 | -313,607 | 34,164 | 88,892 | 349,181 | -16,491 | 325,764 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -18,389 | -60,127 | -43,183 | -53,430 | -45,525 | ||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -18,389 | -60,127 | -43,183 | -53,430 | -45,525 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -21,067 | -3,665 | 24,732 | ||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -22,740 | -37,260 | 60,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -5,153 | -22,736 | -22,838 | -26,893 | 72,315 | -23,571 | -22,228 | 8,858 | 42,246 | -8,439 | -12,381 | -4,927 | 25,747 | ||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -3,768 | -3,979 | |||||||||||||
| cash flow from financing | -5,153 | -22,736 | -22,838 | -26,893 | 72,315 | -27,339 | -26,207 | 8,858 | 42,246 | -8,439 | -12,381 | -4,927 | -18,060 | ||
| cash and cash equivalents | |||||||||||||||
| cash | -94,750 | 152,542 | 882,916 | 387,392 | 341,162 | -184,066 | 26,573 | 118,067 | 161,228 | -357,094 | 380,487 | 333,060 | 457,973 | -163,041 | 355,842 |
| overdraft | |||||||||||||||
| change in cash | -94,750 | 152,542 | 882,916 | 387,392 | 341,162 | -184,066 | 26,573 | 118,067 | 161,228 | -357,094 | 380,487 | 333,060 | 457,973 | -163,041 | 355,842 |
abilitynet Credit Report and Business Information
Abilitynet Competitor Analysis
Perform a competitor analysis for abilitynet by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
abilitynet Ownership
ABILITYNET group structure
Abilitynet has no subsidiary companies.
Ultimate parent company
ABILITYNET
03469653
abilitynet directors
Abilitynet currently has 11 directors. The longest serving directors include Dr Kush Kanodia (Apr 2013) and Mrs Suzanne Woodhams (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Kush Kanodia | England | 47 years | Apr 2013 | - | Director |
| Mrs Suzanne Woodhams | England | 51 years | Mar 2017 | - | Director |
| Mr Alan Brooks | England | 77 years | Feb 2018 | - | Director |
| Mr Owen Purcell | England | 54 years | Oct 2019 | - | Director |
| Mr Douglas Silverstone | England | 45 years | Apr 2020 | - | Director |
| Mr Graeme Pedlingham | England | 43 years | Apr 2020 | - | Director |
| Mr Nicky Rumsey | England | 57 years | Nov 2021 | - | Director |
| Mrs Alison Orsi | England | 54 years | Sep 2022 | - | Director |
| Mrs Michelle Gurney | England | 61 years | Jul 2024 | - | Director |
| Mr Michael Evason | England | 51 years | Sep 2024 | - | Director |
P&L
December 2023turnover
4.6m
-20%
operating profit
-819.8k
0%
gross margin
51.5%
-1.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.6m
-0.29%
total assets
3.3m
-0.11%
cash
2.8m
-0.03%
net assets
Total assets minus all liabilities
Similar Companies
abilitynet company details
company number
03469653
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
62090 - Other information technology and computer service activities
incorporation date
November 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HW FISHER LLP
address
9 appold street, london, EC2A 2AP
Bank
COUTTS & CO
Legal Advisor
-
abilitynet Charges & Mortgages
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 did not find charges/mortgages relating to abilitynet.
abilitynet 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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abilitynet Companies House Filings - See Documents
| date | description | view/download |
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