trustnet ltd
trustnet ltd Company Information
Company Number
03821509
Website
http://financialexpress.chRegistered Address
c/o tmf group 13th floor, one angel court, london, EC2R 7HJ
Industry
Other publishing activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
fe fundinfo limited 100%
trustnet ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUSTNET LTD at £1.7m based on a Turnover of £5.4m and 0.31x industry multiple (adjusted for size and gross margin).
trustnet ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUSTNET LTD at £433.5k based on an EBITDA of £272.4k and a 1.59x industry multiple (adjusted for size and gross margin).
trustnet ltd Estimated Valuation
Pomanda estimates the enterprise value of TRUSTNET LTD at £954.2k based on Net Assets of £631.1k and 1.51x industry multiple (adjusted for liquidity).
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Trustnet Ltd Overview
Trustnet Ltd is a live company located in london, EC2R 7HJ with a Companies House number of 03821509. It operates in the other publishing activities sector, SIC Code 58190. Founded in August 1999, it's largest shareholder is fe fundinfo limited with a 100% stake. Trustnet Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with healthy growth in recent years.
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Trustnet Ltd Health Check
Pomanda's financial health check has awarded Trustnet Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
7 Weak
Size
annual sales of £5.4m, make it larger than the average company (£3.7m)
£5.4m - Trustnet Ltd
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2.9%)
14% - Trustnet Ltd
2.9% - Industry AVG
Production
with a gross margin of 5.1%, this company has a higher cost of product (59.4%)
5.1% - Trustnet Ltd
59.4% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (7.4%)
5% - Trustnet Ltd
7.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (33)
2 - Trustnet Ltd
33 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Trustnet Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £2.7m, this is more efficient (£130.3k)
£2.7m - Trustnet Ltd
£130.3k - Industry AVG
Debtor Days
it gets paid by customers after 198 days, this is later than average (48 days)
198 days - Trustnet Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (36 days)
0 days - Trustnet Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Trustnet Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (24 weeks)
3 weeks - Trustnet Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.9%, this is a higher level of debt than the average (65.6%)
80.9% - Trustnet Ltd
65.6% - Industry AVG
trustnet ltd Credit Report and Business Information
Trustnet Ltd Competitor Analysis
Perform a competitor analysis for trustnet ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
trustnet ltd Ownership
TRUSTNET LTD group structure
Trustnet Ltd has no subsidiary companies.
Ultimate parent company
2 parents
TRUSTNET LTD
03821509
trustnet ltd directors
Trustnet Ltd currently has 4 directors. The longest serving directors include Mr Hamish Purdey (Jul 2020) and Mr Antonie Van Tiggelen (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hamish Purdey | 49 years | Jul 2020 | - | Director | |
| Mr Antonie Van Tiggelen | United Kingdom | 53 years | Mar 2022 | - | Director |
| Ms Lisa Maxwell | United Kingdom | 39 years | Oct 2022 | - | Director |
| Mr Liam Healy | United Kingdom | 47 years | Sep 2023 | - | Director |
TRUSTNET LTD financials
Trustnet Ltd's latest turnover from December 2022 is £5.4 million and the company has net assets of £631.1 thousand. According to their latest financial statements, Trustnet Ltd has 2 employees and maintains cash reserves of £168.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,445,163 | 5,668,538 | 4,426,360 | 3,635,859 | 5,360,968 | 4,227,995 | 1,854,513 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 5,165,996 | 5,365,343 | 4,187,143 | 2,988,623 | 3,914,607 | 3,165,870 | 80,171 | |||||||
| Gross Profit | 279,167 | 303,195 | 239,217 | 647,236 | 1,446,361 | 1,062,125 | 1,774,342 | |||||||
| Admin Expenses | 6,723 | 19,670 | 17,900 | 5,750 | 13,552 | 77,646 | 1,017,927 | |||||||
| Operating Profit | 272,444 | 283,525 | 221,317 | 641,486 | 1,432,809 | 984,479 | 756,415 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 1,267 | 0 | 0 | |||||||
| Pre-Tax Profit | 272,444 | 283,525 | 221,317 | 641,486 | 1,434,076 | 984,479 | 756,415 | |||||||
| Tax | 0 | 0 | 0 | 0 | -217,622 | -191,960 | -151,283 | |||||||
| Profit After Tax | 272,444 | 283,525 | 221,317 | 641,486 | 1,216,454 | 792,519 | 605,132 | |||||||
| Dividends Paid | 0 | 500,000 | 0 | 2,250,000 | 0 | 500,000 | 200,000 | |||||||
| Retained Profit | 272,444 | -216,475 | 221,317 | -1,608,514 | 1,216,454 | 292,519 | 405,132 | |||||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | 2 | 2 | 3 | 4 | 3 | 3 | 3 | |||||||
| EBITDA* | 272,444 | 283,525 | 221,317 | 641,486 | 1,432,809 | 984,479 | 756,415 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,956,119 | 2,406,909 | 1,127,757 | 1,013,306 | 1,112,991 | 1,873,714 | 899,315 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 10,786 | 6,474 | 3,532,680 | 5,350,460 | 4,223,234 | 4,502,230 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 184,740 | 192,645 | 658,217 | 83,153 | 16,650 | 24,836 | 75,178 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 168,472 | 348,443 | 231,372 | 636,892 | 341,265 | 254,576 | 56,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,309,331 | 2,958,783 | 2,023,820 | 5,266,031 | 6,821,366 | 6,376,360 | 5,532,798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 3,309,331 | 2,958,783 | 2,023,820 | 5,266,031 | 6,821,366 | 6,376,360 | 5,532,798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 2,409 | 3,029 | 3,877 | 0 | 6,015 | 27,540 | 3,269 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,427,938 | 1,164,000 | 465,263 | 4,085,621 | 3,954,039 | 3,961,902 | 4,004,907 | 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 | 1,247,882 | 933,096 | 979,547 | 826,594 | 898,982 | 1,641,042 | 1,071,265 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,678,229 | 2,100,125 | 1,448,687 | 4,912,215 | 4,859,036 | 5,630,484 | 5,079,441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,678,229 | 2,100,125 | 1,448,687 | 4,912,215 | 4,859,036 | 5,630,484 | 5,079,441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 631,102 | 858,658 | 575,133 | 353,816 | 1,962,330 | 745,876 | 453,357 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 631,102 | 858,658 | 575,133 | 353,816 | 1,962,330 | 745,876 | 453,357 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 272,444 | 283,525 | 221,317 | 641,486 | 1,432,809 | 984,479 | 756,415 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | 0 | 0 | 0 | 0 | -217,622 | -191,960 | -151,283 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 530,519 | 817,892 | -2,836,691 | -1,850,962 | 358,317 | 645,061 | 5,476,723 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -620 | -848 | 3,877 | -6,015 | -21,525 | 24,271 | 3,269 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 314,786 | -46,451 | 152,953 | -72,388 | -742,060 | 569,777 | 1,071,265 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 56,091 | -581,666 | 3,214,838 | 2,414,045 | 93,285 | 741,506 | -3,797,057 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 263,938 | 698,737 | -3,620,358 | 131,582 | -7,863 | -43,005 | 4,004,907 | 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 1,267 | 0 | 0 | |||||||
| cash flow from financing | -236,062 | 1,198,737 | -3,620,358 | 131,582 | -6,596 | -43,005 | 4,053,132 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -179,971 | 117,071 | -405,520 | 295,627 | 86,689 | 198,501 | 56,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -179,971 | 117,071 | -405,520 | 295,627 | 86,689 | 198,501 | 56,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
December 2022turnover
5.4m
-4%
operating profit
272.4k
-4%
gross margin
5.2%
-4.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
631.1k
-0.27%
total assets
3.3m
+0.12%
cash
168.5k
-0.52%
net assets
Total assets minus all liabilities
Similar Companies
trustnet ltd company details
company number
03821509
Type
Private limited with Share Capital
industry
58190 - Other publishing activities
incorporation date
August 1999
age
25
accounts
Small Company
ultimate parent company
previous names
uk-wire limited (April 2016)
incorporated
UK
address
c/o tmf group 13th floor, one angel court, london, EC2R 7HJ
last accounts submitted
December 2022
trustnet 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 trustnet ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
trustnet ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
