spectrum networks solutions limited Company Information
Company Number
03914949
Website
www.spectrumweb.co.ukRegistered Address
10 rusland circus, emerson valley, milton keynes, MK4 2LL
Industry
Computer consultancy activities
Telephone
02087952876
Next Accounts Due
December 2024
Group Structure
View All
Directors
Vijay Choksi24 Years
Shareholders
vijay choksi 50%
geeta choksi 50%
spectrum networks solutions limited Estimated Valuation
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).
spectrum networks solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM NETWORKS SOLUTIONS LIMITED at £0 based on an EBITDA of £-32.8k and a 3.75x industry multiple (adjusted for size and gross margin).
spectrum networks solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM NETWORKS SOLUTIONS LIMITED at £0 based on Net Assets of £-18.1k and 2.25x industry multiple (adjusted for liquidity).
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Spectrum Networks Solutions Limited Overview
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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Spectrum Networks Solutions Limited Health Check
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
3 Strong
1 Regular
7 Weak
Size
annual sales of £51.7k, make it smaller than the average company (£863.6k)
- Spectrum Networks Solutions Limited
£863.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.7%)
- Spectrum Networks Solutions Limited
4.7% - Industry AVG
Production
with a gross margin of 25.6%, this company has a higher cost of product (47.4%)
- Spectrum Networks Solutions Limited
47.4% - Industry AVG
Profitability
an operating margin of -64.1% make it less profitable than the average company (7.7%)
- Spectrum Networks Solutions Limited
7.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - Spectrum Networks Solutions Limited
9 - Industry AVG
Pay Structure
on an average salary of £53.3k, the company has an equivalent pay structure (£53.3k)
- Spectrum Networks Solutions Limited
£53.3k - Industry AVG
Efficiency
resulting in sales per employee of £25.9k, this is less efficient (£124.1k)
- Spectrum Networks Solutions Limited
£124.1k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (67 days)
- Spectrum Networks Solutions Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 147 days, this is slower than average (31 days)
- Spectrum Networks Solutions Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spectrum Networks Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 95 weeks, this is more cash available to meet short term requirements (21 weeks)
95 weeks - Spectrum Networks Solutions Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 160%, this is a higher level of debt than the average (57.4%)
160% - Spectrum Networks Solutions Limited
57.4% - Industry AVG
SPECTRUM NETWORKS SOLUTIONS LIMITED financials
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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 2 | 2 | 1 | 2 | 2 | 2 | 2 | |||||||
EBITDA* |
* 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 | ||||||||||||||
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 | ||||||||||||||
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 | ||||||||||||||
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 | 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 | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
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 |
spectrum networks solutions limited Credit Report and Business Information
Spectrum Networks Solutions Limited Competitor Analysis
Perform a competitor analysis for spectrum networks solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in MK4 area or any other competitors across 12 key performance metrics.
spectrum networks solutions limited Ownership
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 directors
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 2023turnover
51.7k
-40%
operating profit
-33.1k
0%
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 2023net assets
-18.1k
-2.36%
total assets
30.2k
-0.6%
cash
28.5k
-0.43%
net assets
Total assets minus all liabilities
spectrum networks solutions limited company details
company number
03914949
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 2000
age
24
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
10 rusland circus, emerson valley, milton keynes, MK4 2LL
Bank
HSBC BANK PLC
Legal Advisor
-
spectrum networks solutions 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 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 Companies House Filings - See Documents
date | description | view/download |
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