worldnet global communications ltd
worldnet global communications ltd Company Information
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
unit 8 liberty centre, mount pleasant, wembley, middlesex, HA0 1TX
Website
http://wnetonline.comworldnet global communications ltd Estimated Valuation
Pomanda estimates the enterprise value of WORLDNET GLOBAL COMMUNICATIONS LTD at £464.7k based on a Turnover of £586k and 0.79x industry multiple (adjusted for size and gross margin).
worldnet global communications ltd Estimated Valuation
Pomanda estimates the enterprise value of WORLDNET GLOBAL COMMUNICATIONS LTD at £0 based on an EBITDA of £-78.5k and a 3.34x industry multiple (adjusted for size and gross margin).
worldnet global communications ltd Estimated Valuation
Pomanda estimates the enterprise value of WORLDNET GLOBAL COMMUNICATIONS LTD at £1.3m based on Net Assets of £539.1k and 2.41x industry multiple (adjusted for liquidity).
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Worldnet Global Communications Ltd Overview
Worldnet Global Communications Ltd is a live company located in wembley, HA0 1TX with a Companies House number of 03735558. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in March 1999, it's largest shareholder is bassem masri with a 100% stake. Worldnet Global Communications Ltd is a mature, small sized company, Pomanda has estimated its turnover at £586k with declining growth in recent years.
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Worldnet Global Communications Ltd Health Check
Pomanda's financial health check has awarded Worldnet Global Communications Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £586k, make it smaller than the average company (£12.9m)
- Worldnet Global Communications Ltd
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.6%)
- Worldnet Global Communications Ltd
4.6% - Industry AVG
Production
with a gross margin of 39%, this company has a comparable cost of product (39%)
- Worldnet Global Communications Ltd
39% - Industry AVG
Profitability
an operating margin of -16.5% make it less profitable than the average company (4.5%)
- Worldnet Global Communications Ltd
4.5% - Industry AVG
Employees
with 7 employees, this is below the industry average (54)
7 - Worldnet Global Communications Ltd
54 - Industry AVG
Pay Structure
on an average salary of £62.6k, the company has an equivalent pay structure (£62.6k)
- Worldnet Global Communications Ltd
£62.6k - Industry AVG
Efficiency
resulting in sales per employee of £83.7k, this is less efficient (£227.7k)
- Worldnet Global Communications Ltd
£227.7k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (40 days)
- Worldnet Global Communications Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (43 days)
- Worldnet Global Communications Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Worldnet Global Communications Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (9 weeks)
13 weeks - Worldnet Global Communications Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.8%, this is a lower level of debt than the average (63.7%)
16.8% - Worldnet Global Communications Ltd
63.7% - Industry AVG
WORLDNET GLOBAL COMMUNICATIONS LTD financials
Worldnet Global Communications Ltd's latest turnover from March 2024 is estimated at £586 thousand and the company has net assets of £539.1 thousand. According to their latest financial statements, Worldnet Global Communications Ltd has 7 employees and maintains cash reserves of £26 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 1,120,402 | 1,175,443 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 936,876 | 930,857 | |||||||||||||
| Gross Profit | 183,526 | 244,586 | |||||||||||||
| Admin Expenses | 137,629 | 132,398 | |||||||||||||
| Operating Profit | 45,897 | 112,188 | |||||||||||||
| Interest Payable | 4,560 | 4,869 | |||||||||||||
| Interest Receivable | 2 | 9 | |||||||||||||
| Pre-Tax Profit | 41,339 | 107,544 | |||||||||||||
| Tax | -8,764 | -22,656 | |||||||||||||
| Profit After Tax | 32,575 | 84,888 | |||||||||||||
| Dividends Paid | 44,000 | 56,000 | |||||||||||||
| Retained Profit | -11,425 | 28,888 | |||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | ||||||
| EBITDA* | 48,904 | 116,693 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 656 | 984 | 1,476 | 2,214 | 2,122 | 998 | 1,497 | 2,245 | 385,084 | 383,247 | 380,158 | 379,189 | 380,661 | 382,261 | 385,268 |
| Intangible Assets | 107,633 | 125,572 | 143,511 | 161,450 | |||||||||||
| Investments & Other | 100 | 100 | 100 | 100 | 183,915 | 183,915 | 100 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 108,389 | 126,656 | 145,087 | 163,764 | 186,037 | 184,913 | 1,597 | 2,245 | 385,084 | 383,247 | 380,158 | 379,189 | 380,661 | 382,261 | 385,268 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 7,901 | 13,039 | 9,042 | 15,385 | 14,563 | 20,301 | 17,404 | 38,228 | 33,094 | 90,450 | 91,949 | 85,065 | 84,293 | 31,259 | 38,050 |
| Group Debtors | 492,900 | 599,900 | 599,900 | 499,900 | 499,900 | 499,900 | 498,200 | ||||||||
| Misc Debtors | 12,918 | 31,331 | 34,863 | 31,695 | 38,310 | 30,613 | 39,673 | 53,395 | 67,104 | 61,358 | 69,041 | ||||
| Cash | 26,002 | 44,266 | 150,502 | 261,826 | 117,543 | 105,469 | 290,151 | 756,919 | 390,803 | 350,619 | 275,521 | 140,361 | 354 | 351 | 11,345 |
| misc current assets | |||||||||||||||
| total current assets | 539,721 | 688,536 | 794,307 | 808,806 | 670,316 | 656,283 | 845,428 | 848,542 | 491,001 | 441,069 | 367,470 | 225,426 | 84,647 | 92,968 | 118,436 |
| total assets | 648,110 | 815,192 | 939,394 | 972,570 | 856,353 | 841,196 | 847,025 | 850,787 | 876,085 | 824,316 | 747,628 | 604,615 | 465,308 | 475,229 | 503,704 |
| Bank overdraft | 13,167 | 9,970 | 15,076 | 7,906 | 195 | 26,151 | 44,100 | 35,303 | |||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 42,978 | 84,458 | 108,451 | 79,029 | 65,372 | 57,322 | 53,371 | 57,660 | 68,589 | 208,906 | 244,362 | 202,362 | 145,311 | 56,996 | 51,260 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 41,407 | 61,882 | 68,824 | 83,962 | 83,926 | 90,629 | 107,048 | 136,298 | 118,970 | 95,931 | 100,372 | ||||
| total current liabilities | 97,552 | 156,310 | 192,351 | 170,897 | 149,298 | 148,146 | 160,419 | 193,958 | 213,710 | 208,906 | 244,362 | 202,362 | 145,311 | 197,027 | 186,935 |
| loans | 11,477 | 21,699 | 31,949 | 42,094 | 156,662 | 183,447 | |||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 109,764 | 122,025 | 134,017 | 145,746 | 155,954 | ||||||||||
| provisions | 11 | 50 | 114 | 138 | 5 | 24 | 138 | 294 | 548 | 162 | 162 | 162 | 162 | 519 | |
| total long term liabilities | 11,477 | 21,710 | 31,999 | 42,208 | 138 | 5 | 24 | 138 | 110,058 | 122,573 | 134,179 | 145,908 | 156,116 | 156,824 | 183,966 |
| total liabilities | 109,029 | 178,020 | 224,350 | 213,105 | 149,436 | 148,151 | 160,443 | 194,096 | 323,768 | 331,479 | 378,541 | 348,270 | 301,427 | 353,851 | 370,901 |
| net assets | 539,081 | 637,172 | 715,044 | 759,465 | 706,917 | 693,045 | 686,582 | 656,691 | 552,317 | 492,837 | 369,087 | 256,345 | 163,881 | 121,378 | 132,803 |
| total shareholders funds | 539,081 | 637,172 | 715,044 | 759,465 | 706,917 | 693,045 | 686,582 | 656,691 | 552,317 | 492,837 | 369,087 | 256,345 | 163,881 | 121,378 | 132,803 |
| Mar 2024 | 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 | 45,897 | 112,188 | |||||||||||||
| Depreciation | 328 | 492 | 738 | 1,107 | 1,061 | 499 | 748 | 1,122 | 1,684 | 2,525 | 981 | 1,472 | 2,207 | 3,007 | 4,505 |
| Amortisation | 17,939 | 17,939 | 17,939 | 17,939 | |||||||||||
| Tax | -8,764 | -22,656 | |||||||||||||
| Stock | |||||||||||||||
| Debtors | -130,551 | 465 | 96,825 | -5,793 | 1,959 | -4,463 | 463,654 | -8,575 | 9,748 | -1,499 | 6,884 | 772 | -8,324 | -14,474 | 107,091 |
| Creditors | -41,480 | -23,993 | 29,422 | 13,657 | 8,050 | 3,951 | -4,289 | -10,929 | -140,317 | -35,456 | 42,000 | 57,051 | 88,315 | 5,736 | 51,260 |
| Accruals and Deferred Income | -20,475 | -6,942 | -15,138 | 36 | -6,703 | -16,419 | -29,250 | 17,328 | 118,970 | -95,931 | -4,441 | 100,372 | |||
| Deferred Taxes & Provisions | -11 | -39 | -64 | -24 | 133 | -19 | -114 | -156 | -254 | 386 | -357 | 519 | |||
| Cash flow from operations | 55,552 | 139,097 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -183,815 | 183,815 | 100 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -10,222 | -10,250 | -10,145 | 42,094 | -156,662 | -26,785 | 183,447 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -109,764 | -12,261 | -11,992 | -11,729 | -10,208 | 155,954 | |||||||||
| share issue | |||||||||||||||
| interest | -4,558 | -4,860 | |||||||||||||
| cash flow from financing | -31,343 | 282,502 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -18,264 | -106,236 | -111,324 | 144,283 | 12,074 | -184,682 | -466,768 | 366,116 | 40,184 | 75,098 | 135,160 | 140,007 | 3 | -10,994 | 11,345 |
| overdraft | 3,197 | -5,106 | 7,170 | 7,906 | -195 | 195 | -26,151 | 26,151 | -44,100 | 8,797 | 35,303 | ||||
| change in cash | -21,461 | -101,130 | -118,494 | 136,377 | 12,269 | -184,877 | -466,768 | 392,267 | 14,033 | 75,098 | 135,160 | 140,007 | 44,103 | -19,791 | -23,958 |
worldnet global communications ltd Credit Report and Business Information
Worldnet Global Communications Ltd Competitor Analysis
Perform a competitor analysis for worldnet global communications ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in HA0 area or any other competitors across 12 key performance metrics.
worldnet global communications ltd Ownership
WORLDNET GLOBAL COMMUNICATIONS LTD group structure
Worldnet Global Communications Ltd has 1 subsidiary company.
Ultimate parent company
WORLDNET GLOBAL COMMUNICATIONS LTD
03735558
1 subsidiary
worldnet global communications ltd directors
Worldnet Global Communications Ltd currently has 1 director, Mr Bassem Masri serving since Mar 1999.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bassem Masri | Uk | 61 years | Mar 1999 | - | Director |
P&L
March 2024turnover
586k
-10%
operating profit
-96.8k
0%
gross margin
39%
+2.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
539.1k
-0.15%
total assets
648.1k
-0.2%
cash
26k
-0.41%
net assets
Total assets minus all liabilities
worldnet global communications ltd company details
company number
03735558
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
March 1999
age
26
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
unit 8 liberty centre, mount pleasant, wembley, middlesex, HA0 1TX
Bank
-
Legal Advisor
-
worldnet global communications ltd 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 worldnet global communications ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
worldnet global communications ltd 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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worldnet global communications ltd Companies House Filings - See Documents
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