Spectrum Networks Solutions Limited

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spectrum networks solutions limited Company Information

Live

MatureMicroDeclining

Company Number

03914949

Website

www.spectrumweb.co.uk

Registered Address

10 rusland circus, emerson valley, milton keynes, MK4 2LL

Industry

Computer consultancy activities

Telephone

02087952876

Next Accounts Due

December 2024

Group Structure

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Directors

Vijay Choksi24 Years

Shareholders

vijay choksi 50%

geeta choksi 50%

spectrum networks solutions limited Estimated Valuation

£27k

Pomanda estimates the enterprise value of SPECTRUM NETWORKS SOLUTIONS LIMITED at £27k based on a Turnover of £51.7k and 0.52x industry multiple (adjusted for size and gross margin).

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Spectrum Networks Solutions Limited is a live company located in milton keynes, MK4 2LL with a Companies House number of 03914949. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2000, it's largest shareholder is vijay choksi with a 50% stake. Spectrum Networks Solutions Limited is a mature, micro sized company, Pomanda has estimated its turnover at £51.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Spectrum Networks Solutions Limited a 2.5 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

Health Rating2.5out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £51.7k, make it smaller than the average company (£863.6k)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.7%)

EXPORT

Spectrum Networks Solutions Limited's latest turnover from March 2023 is estimated at £51.7 thousand and the company has net assets of -£18.1 thousand. According to their latest financial statements, Spectrum Networks Solutions Limited has 2 employees and maintains cash reserves of £28.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	51,705	85,828	56,554	85,313	48,879	65,464	70,829	34,634	53,361	103,054	79,906	67,129	47,067	76,864
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	38,458	63,624	41,981	61,399	35,301	46,719	49,575	24,026	37,295	70,396	52,646	44,534	31,707	49,807
Gross Profit	13,246	22,204	14,573	23,914	13,578	18,745	21,254	10,608	16,066	32,658	27,261	22,595	15,360	27,057
Admin Expenses	46,394	27,290	14,504	2,486	17,602	17,404	27,070	2,013	23,295	20,618	30,424	16,780	21,636	18,239
Operating Profit	-33,148	-5,086	69	21,428	-4,024	1,341	-5,816	8,595	-7,229	12,040	-3,163	5,815	-6,276	8,818
Interest Payable	0	0	0	0	143	368	535	326	0	0	0	0	0	0
Interest Receivable	1,666	385	30	7	76	105	59	81	54	23	0	0	11	11
Pre-Tax Profit	-31,482	-4,701	99	21,435	-4,091	1,078	-6,292	8,350	-7,175	12,064	-3,163	5,815	-6,265	8,829
Tax	0	0	-19	-4,073	0	-205	0	-1,670	0	-2,775	0	-1,512	0	-2,472
Profit After Tax	-31,482	-4,701	80	17,362	-4,091	873	-6,292	6,680	-7,175	9,289	-3,163	4,303	-6,265	6,357
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-31,482	-4,701	80	17,362	-4,091	873	-6,292	6,680	-7,175	9,289	-3,163	4,303	-6,265	6,357
Employee Costs	106,655	98,205	45,875	92,576	106,238	102,788	109,589	57,593	57,761	56,003	54,079	53,940	52,083	52,667
Number Of Employees	2	2	1	2	2	2	2	1	1	1	1	1	1	1
EBITDA*	-32,837	-4,775	69	21,428	-3,967	1,360	-5,797	8,595	-7,229	12,040	-3,163	5,815	-6,276	8,818

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	933	1,244	0	0	0	57	76	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	933	1,244	0	0	0	57	76	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	741	24,868	17,110	26,844	1,145	11,641	12,292	10,709	14,828	26,312	21,163	17,574	12,274	19,818
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	1,219	0	0	0	0	0	0	0
Cash	28,537	49,860	52,895	7,641	5,520	14,714	27,263	19,883	12,553	9,180	100	0	0	4,291
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	29,278	74,728	70,005	34,485	6,665	26,355	40,774	30,592	27,381	35,492	21,263	17,574	12,274	24,109
total assets	30,211	75,972	70,005	34,485	6,665	26,412	40,850	30,592	27,381	35,492	21,263	17,574	12,274	24,109
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	15,499	17,991	26,947	16,507	2,171	12,465	7,943	2,078	10,185	24,871	19,931	13,079	12,082	17,652
Group/Directors Accounts	0	0	0	0	0	0	15,000	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	1,307	805	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	0	0	0	0	3,878	5,008	6,968	8,363	0	0	0	0	0	0
total current liabilities	15,499	17,991	26,947	16,507	6,049	18,780	30,716	10,441	10,185	24,871	19,931	13,079	12,082	17,652
loans	0	0	0	0	0	2,925	6,300	10,025	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	32,837	44,624	25,000	0	0	0	0	0	13,750	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	32,837	44,624	25,000	0	0	2,925	6,300	10,025	13,750	0	0	0	0	0
total liabilities	48,336	62,615	51,947	16,507	6,049	21,705	37,016	20,466	23,935	24,871	19,931	13,079	12,082	17,652
net assets	-18,125	13,357	18,058	17,978	616	4,707	3,834	10,126	3,446	10,621	1,332	4,495	192	6,457
total shareholders funds	-18,125	13,357	18,058	17,978	616	4,707	3,834	10,126	3,446	10,621	1,332	4,495	192	6,457

	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	-33,148	-5,086	69	21,428	-4,024	1,341	-5,816	8,595	-7,229	12,040	-3,163	5,815	-6,276	8,818
Depreciation	311	311	0	0	57	19	19	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-19	-4,073	0	-205	0	-1,670	0	-2,775	0	-1,512	0	-2,472
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-24,127	7,758	-9,734	25,699	-10,496	-1,870	2,802	-4,119	-11,484	5,149	3,589	5,300	-7,544	19,818
Creditors	-2,492	-8,956	10,440	14,336	-10,294	4,522	5,865	-8,107	-14,686	4,940	6,852	997	-5,570	17,652
Accruals and Deferred Income	0	0	0	-3,878	-1,130	-1,960	-1,395	8,363	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	-11,202	-21,489	20,224	2,114	-4,895	5,587	-4,129	11,300	-10,431	9,056	100	0	-4,302	4,180
Investing Activities
capital expenditure	0	-1,555	0	0	0	0	-95	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1,555	0	0	0	0	-95	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-15,000	15,000	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-1,307	502	805	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-2,925	-3,375	-3,725	10,025	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	-11,787	19,624	25,000	0	0	0	0	-13,750	13,750	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,666	385	30	7	-67	-263	-476	-245	54	23	0	0	11	11
cash flow from financing	-10,121	20,009	25,030	7	-4,299	-18,136	11,604	-3,970	13,804	23	0	0	11	111
cash and cash equivalents
cash	-21,323	-3,035	45,254	2,121	-9,194	-12,549	7,380	7,330	3,373	9,080	100	0	-4,291	4,291
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-21,323	-3,035	45,254	2,121	-9,194	-12,549	7,380	7,330	3,373	9,080	100	0	-4,291	4,291

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPECTRUM NETWORKS SOLUTIONS LIMITED group structure

Spectrum Networks Solutions Limited has no subsidiary companies.

Ultimate parent company

SPECTRUM NETWORKS SOLUTIONS LIMITED

03914949

SPECTRUM NETWORKS SOLUTIONS LIMITED Shareholders

vijay choksi	50%
geeta choksi	50%

Spectrum Networks Solutions Limited currently has 1 director, Mr Vijay Choksi serving since Jan 2000.

officer	country	age	start	end	role
Mr Vijay Choksi	United Kingdom	62 years	Jan 2000	-	Director

P&L

March 2023

turnover

51.7k

-40%

operating profit

-33.1k

gross margin

25.7%

-0.97%

turnover

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

Balance Sheet

March 2023

net assets

-18.1k

-2.36%

total assets

30.2k

-0.6%

cash

28.5k

-0.43%

net assets

Total assets minus all liabilities

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company number

03914949

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

January 2000

ultimate parent company

None

previous names

N/A

address

10 rusland circus, emerson valley, milton keynes, MK4 2LL

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 2 charges/mortgages relating to spectrum networks solutions limited. Currently there are 2 open charges and 0 have been satisfied in the past.

spectrum networks solutions limited Company Information

spectrum networks solutions limited Estimated Valuation

spectrum networks solutions limited Estimated Valuation

spectrum networks solutions limited Estimated Valuation

Spectrum Networks Solutions Limited Overview

Spectrum Networks Solutions Limited Health Check

SPECTRUM NETWORKS SOLUTIONS LIMITED financials

spectrum networks solutions limited Credit Report and Business Information

Spectrum Networks Solutions Limited Competitor Analysis

spectrum networks solutions limited Ownership

spectrum networks solutions limited directors

spectrum networks solutions limited company details

spectrum networks solutions limited Charges & Mortgages

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