ness global services limited
ness global services limited Company Information
Company Number
03641840
Next Accounts
Sep 2025
Shareholders
ness technologies (east) bv
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
squires house 205a high street, west wickham, kent, BR4 0PH
Website
www.ness.comness global services limited Estimated Valuation
Pomanda estimates the enterprise value of NESS GLOBAL SERVICES LIMITED at £49.2m based on a Turnover of £49.2m and 1x industry multiple (adjusted for size and gross margin).
ness global services limited Estimated Valuation
Pomanda estimates the enterprise value of NESS GLOBAL SERVICES LIMITED at £18.9m based on an EBITDA of £2.8m and a 6.83x industry multiple (adjusted for size and gross margin).
ness global services limited Estimated Valuation
Pomanda estimates the enterprise value of NESS GLOBAL SERVICES LIMITED at £8.9m based on Net Assets of £3.9m and 2.26x industry multiple (adjusted for liquidity).
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Ness Global Services Limited Overview
Ness Global Services Limited is a live company located in kent, BR4 0PH with a Companies House number of 03641840. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 1998, it's largest shareholder is ness technologies (east) bv with a 100% stake. Ness Global Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £49.2m with high growth in recent years.
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Ness Global Services Limited Health Check
Pomanda's financial health check has awarded Ness Global Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £49.2m, make it larger than the average company (£7.3m)
£49.2m - Ness Global Services Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8%)
17% - Ness Global Services Limited
8% - Industry AVG
Production
with a gross margin of 13.2%, this company has a higher cost of product (51.3%)
13.2% - Ness Global Services Limited
51.3% - Industry AVG
Profitability
an operating margin of 5.6% make it more profitable than the average company (3.5%)
5.6% - Ness Global Services Limited
3.5% - Industry AVG
Employees
with 17 employees, this is below the industry average (43)
17 - Ness Global Services Limited
43 - Industry AVG
Pay Structure
on an average salary of £118k, the company has a higher pay structure (£74.2k)
£118k - Ness Global Services Limited
£74.2k - Industry AVG
Efficiency
resulting in sales per employee of £2.9m, this is more efficient (£178.2k)
£2.9m - Ness Global Services Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (52 days)
67 days - Ness Global Services Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (33 days)
0 days - Ness Global Services Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ness Global Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (14 weeks)
23 weeks - Ness Global Services Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.9%, this is a higher level of debt than the average (64.8%)
72.9% - Ness Global Services Limited
64.8% - Industry AVG
NESS GLOBAL SERVICES LIMITED financials
Ness Global Services Limited's latest turnover from December 2023 is £49.2 million and the company has net assets of £3.9 million. According to their latest financial statements, Ness Global Services Limited has 17 employees and maintains cash reserves of £4.8 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 | 49,228,532 | 43,878,537 | 31,826,941 | 30,593,572 | 30,175,466 | 28,028,141 | 21,894,255 | 21,207,559 | 16,711,764 | 15,524,087 | 14,922,095 | 10,322,685 | 6,387,317 | 3,756,912 | 2,909,613 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 42,745,089 | 39,685,598 | 27,948,127 | 26,988,151 | 28,583,419 | 24,009,585 | 19,132,452 | 17,443,215 | 13,611,913 | 13,065,263 | 12,178,579 | 8,030,556 | 5,199,794 | 3,170,429 | 2,107,081 |
| Gross Profit | 6,483,443 | 4,192,939 | 3,878,814 | 3,605,421 | 1,592,047 | 4,018,556 | 2,761,803 | 3,764,344 | 3,099,851 | 2,458,824 | 2,743,516 | 2,292,129 | 1,187,523 | 586,483 | 802,532 |
| Admin Expenses | 3,729,542 | 9,480,097 | 4,291,180 | 5,374,075 | 4,666,721 | 4,620,619 | 3,561,427 | 3,800,821 | 3,042,442 | 2,854,154 | 2,363,204 | 1,320,676 | 886,634 | 494,211 | 1,637,214 |
| Operating Profit | 2,753,901 | -5,287,158 | -412,366 | -1,768,654 | -3,074,674 | -602,063 | -799,624 | -36,477 | 57,409 | -395,330 | 380,312 | 971,453 | 300,889 | 92,272 | -834,682 |
| Interest Payable | 9,196 | 28,174 | 10,586 | 17,851 | 111,054 | 23,402 | 8,194 | 11,840 | 4,308 | 5,542 | 22,235 | 3,757 | 2,628 | 3,091 | |
| Interest Receivable | 203,973 | 26,694 | 35 | 26,556 | 33,844 | 674 | 9 | 305 | 1,490 | 1,303 | 1,151 | 597 | 8,868 | ||
| Pre-Tax Profit | 3,006,059 | -5,393,476 | -428,432 | -2,167,571 | -3,076,344 | -827,333 | -826,205 | -141,354 | 96,883 | -339,810 | 348,975 | 950,521 | 295,096 | 58,075 | -849,242 |
| Tax | -4,366 | -3,905 | 19,372 | ||||||||||||
| Profit After Tax | 3,006,059 | -5,393,476 | -428,432 | -2,167,571 | -3,076,344 | -827,333 | -830,571 | -145,259 | 96,883 | -339,810 | 348,975 | 969,893 | 295,096 | 58,075 | -849,242 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 3,006,059 | -5,393,476 | -428,432 | -2,167,571 | -3,076,344 | -827,333 | -830,571 | -145,259 | 96,883 | -339,810 | 348,975 | 969,893 | 295,096 | 58,075 | -849,242 |
| Employee Costs | 2,006,785 | 8,112,693 | 2,147,416 | 2,463,019 | 2,617,677 | 3,341,615 | 2,681,960 | 2,951,851 | 2,612,558 | 2,767,136 | 2,380,567 | 1,284,366 | 1,859,465 | ||
| Number Of Employees | 17 | 16 | 10 | 11 | 13 | 19 | 20 | 24 | 28 | 31 | 35 | 37 | 23 | ||
| EBITDA* | 2,764,840 | -5,276,640 | -394,961 | -1,755,316 | -415,583 | -30,005 | -314,826 | 189,075 | 328,397 | -244,834 | 546,763 | 975,146 | 303,399 | 95,064 | -828,256 |
* 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 | 28,922 | 17,731 | 20,760 | 45,843 | 27,793 | 31,706 | 45,285 | 52,068 | 45,531 | 12,481 | 25,714 | 47,488 | 3,648 | 5,232 | 6,987 |
| Intangible Assets | 124,302 | 248,605 | 372,908 | 3,560,817 | 4,108,228 | 1,928,588 | 1,163,619 | 1,426,522 | 1,889,425 | ||||||
| Investments & Other | 1,300,000 | 2,291,522 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 28,922 | 142,033 | 269,365 | 418,751 | 1,327,793 | 3,592,523 | 4,153,513 | 1,980,656 | 1,209,150 | 1,439,003 | 1,915,139 | 2,339,010 | 3,648 | 5,232 | 6,987 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 9,132,505 | 9,396,043 | 6,839,442 | 5,823,291 | 7,034,992 | 4,979,711 | 4,794,270 | 4,198,696 | 2,790,047 | 4,031,130 | 3,588,924 | 3,795,770 | 2,725,025 | 949,530 | 583,688 |
| Group Debtors | 537,100 | 1,240,828 | 848,901 | 574,197 | 741,857 | 675,716 | 206,801 | 460,869 | 215,058 | 718,867 | 141,348 | 52,737 | 834 | ||
| Misc Debtors | 36,659 | 36,820 | 134,369 | 117,328 | 89,209 | 159,416 | 122,906 | 155,822 | 121,804 | 124,965 | 397,509 | 221,836 | 36,101 | 35,757 | 245,067 |
| Cash | 4,827,225 | 5,054,214 | 809,725 | 1,050,584 | 408,425 | 1,184,621 | 1,007,656 | 758,349 | 1,307,386 | 415,137 | 1,483,315 | 130,363 | 126,377 | 449,943 | 393,683 |
| misc current assets | |||||||||||||||
| total current assets | 14,533,489 | 15,727,905 | 8,632,437 | 7,565,400 | 8,274,483 | 6,999,464 | 6,131,633 | 5,573,736 | 4,434,295 | 5,290,099 | 5,611,096 | 4,200,706 | 2,888,337 | 1,435,230 | 1,222,438 |
| total assets | 14,562,411 | 15,869,938 | 8,901,802 | 7,984,151 | 9,602,276 | 10,591,987 | 10,285,146 | 7,554,392 | 5,643,445 | 6,729,102 | 7,526,235 | 6,539,716 | 2,891,985 | 1,440,462 | 1,229,425 |
| Bank overdraft | 538,024 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 39,497 | 90,478 | 189,069 | 13,519 | 198,897 | 3,503 | 19,535 | 24,540 | 29,963 | 99,356 | 91,759 | 12,829 | 13,830 | 72,029 | |
| Group/Directors Accounts | 9,287,653 | 10,477,699 | 7,540,257 | 5,684,328 | 9,617,283 | 9,724,003 | 9,475,853 | 5,233,971 | 3,705,742 | 4,549,916 | 4,255,758 | 2,664,120 | 2,055,069 | 988,251 | 169,835 |
| other short term finances | 200,000 | 200,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,285,558 | 4,358,117 | 1,054,014 | 1,725,110 | 788,525 | 1,311,470 | 431,249 | 1,094,570 | 563,888 | 699,131 | 983,519 | 1,191,861 | 576,053 | 485,443 | 972,327 |
| total current liabilities | 10,612,708 | 14,926,294 | 8,783,340 | 7,422,957 | 10,604,705 | 11,038,976 | 9,907,102 | 6,348,076 | 4,294,170 | 5,479,010 | 5,538,633 | 4,485,764 | 2,643,951 | 1,487,524 | 1,214,191 |
| loans | 400,000 | 800,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 17,625 | ||||||||||||||
| provisions | 22,500 | 36,800 | 34,500 | 32,200 | 29,900 | 27,600 | 25,300 | 23,000 | 20,700 | 18,400 | 120,371 | ||||
| total long term liabilities | 22,500 | 36,800 | 34,500 | 32,200 | 29,900 | 27,600 | 25,300 | 23,000 | 420,700 | 836,025 | 120,371 | ||||
| total liabilities | 10,612,708 | 14,926,294 | 8,805,840 | 7,459,757 | 10,639,205 | 11,071,176 | 9,937,002 | 6,375,676 | 4,319,470 | 5,502,010 | 5,959,333 | 5,321,789 | 2,643,951 | 1,487,524 | 1,334,562 |
| net assets | 3,949,703 | 943,644 | 95,962 | 524,394 | -1,036,929 | -479,189 | 348,144 | 1,178,716 | 1,323,975 | 1,227,092 | 1,566,902 | 1,217,927 | 248,034 | -47,062 | -105,137 |
| total shareholders funds | 3,949,703 | 943,644 | 95,962 | 524,394 | -1,036,929 | -479,189 | 348,144 | 1,178,716 | 1,323,975 | 1,227,092 | 1,566,902 | 1,217,927 | 248,034 | -47,062 | -105,137 |
| 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 | 2,753,901 | -5,287,158 | -412,366 | -1,768,654 | -3,074,674 | -602,063 | -799,624 | -36,477 | 57,409 | -395,330 | 380,312 | 971,453 | 300,889 | 92,272 | -834,682 |
| Depreciation | 10,939 | 10,518 | 17,405 | 13,338 | 17,051 | 24,646 | 22,398 | 16,649 | 8,085 | 11,896 | 27,851 | 3,693 | 2,510 | 2,792 | 6,426 |
| Amortisation | 2,642,040 | 547,412 | 462,400 | 208,903 | 262,903 | 138,600 | 138,600 | ||||||||
| Tax | -4,366 | -3,905 | 19,372 | ||||||||||||
| Stock | |||||||||||||||
| Debtors | -967,427 | 2,850,979 | 1,307,896 | -1,351,242 | 2,051,215 | 690,866 | 308,590 | 1,688,478 | -1,748,053 | 747,181 | 57,438 | 1,308,383 | 1,776,673 | 156,532 | 828,755 |
| Creditors | -50,981 | -98,591 | 175,550 | -185,378 | 195,394 | 3,503 | -19,535 | -5,005 | -5,423 | -69,393 | 7,597 | 78,930 | -1,001 | -58,199 | 72,029 |
| Accruals and Deferred Income | -3,072,559 | 3,304,103 | -671,096 | 936,585 | -522,945 | 880,221 | -663,321 | 530,682 | -135,243 | -284,388 | -208,342 | 615,808 | 90,610 | -486,884 | 972,327 |
| Deferred Taxes & Provisions | -22,500 | -14,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 18,400 | -120,371 | 120,371 | ||
| Cash flow from operations | 608,727 | -4,944,607 | -2,212,703 | 349,433 | -2,792,049 | 165,153 | -1,308,338 | -975,331 | 1,938,084 | -1,343,496 | 290,880 | 399,273 | -1,383,665 | -726,922 | -492,284 |
| Investing Activities | |||||||||||||||
| capital expenditure | -11,066 | -2,657,656 | -997,059 | -243,320 | -5,247 | -6,077 | -1,627 | ||||||||
| Change in Investments | -1,300,000 | 1,300,000 | -2,291,522 | 2,291,522 | |||||||||||
| cash flow from investments | -11,066 | -2,657,656 | -997,059 | -243,320 | -5,247 | 2,285,445 | -2,293,149 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,190,046 | 2,937,442 | 1,855,929 | -3,932,955 | -106,720 | 248,150 | 4,241,882 | 1,528,229 | -844,174 | 294,158 | 1,591,638 | 609,051 | 1,066,818 | 818,416 | 169,835 |
| Other Short Term Loans | -200,000 | 200,000 | |||||||||||||
| Long term loans | -400,000 | -400,000 | 800,000 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -17,625 | 17,625 | |||||||||||||
| share issue | |||||||||||||||
| interest | 194,777 | -1,480 | -10,551 | 8,705 | -77,210 | -22,728 | -8,185 | -11,535 | -4,308 | -4,052 | -20,932 | -2,606 | -2,031 | 5,777 | |
| cash flow from financing | -995,269 | 9,177,120 | 1,845,378 | -195,356 | 2,334,674 | 248,150 | 4,219,153 | 1,520,044 | -1,055,709 | -110,150 | 1,369,961 | 1,405,744 | 1,064,212 | 816,385 | 919,717 |
| cash and cash equivalents | |||||||||||||||
| cash | -226,989 | 4,244,489 | -240,859 | 642,159 | -776,196 | 176,965 | 249,307 | -549,037 | 892,249 | -1,068,178 | 1,352,952 | 3,986 | -323,566 | 56,260 | 393,683 |
| overdraft | -538,024 | 538,024 | |||||||||||||
| change in cash | -226,989 | 4,244,489 | -240,859 | 642,159 | -776,196 | 176,965 | 249,307 | -549,037 | 892,249 | -1,068,178 | 1,890,976 | -534,038 | -323,566 | 56,260 | 393,683 |
ness global services limited Credit Report and Business Information
Ness Global Services Limited Competitor Analysis
Perform a competitor analysis for ness global services limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in BR4 area or any other competitors across 12 key performance metrics.
ness global services limited Ownership
NESS GLOBAL SERVICES LIMITED group structure
Ness Global Services Limited has 1 subsidiary company.
Ultimate parent company
TRG GROWTH PARTNERSHIP II LP
#0062166
REMIDA SRL
#0077492
2 parents
NESS GLOBAL SERVICES LIMITED
03641840
1 subsidiary
ness global services limited directors
Ness Global Services Limited currently has 3 directors. The longest serving directors include Mr Mark Shwartz (Jul 2019) and Mr Shalender Soni (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Shwartz | 67 years | Jul 2019 | - | Director | |
| Mr Shalender Soni | 46 years | Apr 2024 | - | Director | |
| Zuzana Zelinska | 42 years | Nov 2024 | - | Director |
P&L
December 2023turnover
49.2m
+12%
operating profit
2.8m
-152%
gross margin
13.2%
+37.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.9m
+3.19%
total assets
14.6m
-0.08%
cash
4.8m
-0.04%
net assets
Total assets minus all liabilities
ness global services limited company details
company number
03641840
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
October 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
apar infotech limited (November 2003)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
squires house 205a high street, west wickham, kent, BR4 0PH
Bank
CITIBANK INTERNATIONAL PLC
Legal Advisor
-
ness global services limited 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 found 3 charges/mortgages relating to ness global services limited. Currently there are 1 open charges and 2 have been satisfied in the past.
ness global services limited 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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ness global services limited Companies House Filings - See Documents
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