Aareon Uk Limited

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aareon uk limited Company Information

Live

MatureMidDeclining

Company Number

03990481

Next Accounts

54 days late

Industry

Computer consultancy activities

Business and domestic software development

Directors

Meriel Sommers

Andre Rasquin

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Shareholders

aareon holding gmbh

Group Structure

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Contact

Registered Address

international house, 36-38 cornhill, london, EC3V 3NG

Website

www.aareon.co.uk

aareon uk limited Estimated Valuation

£19m

Pomanda estimates the enterprise value of AAREON UK LIMITED at £19m based on Net Assets of £8.4m and 2.27x industry multiple (adjusted for liquidity).

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Aareon Uk Limited is a live company located in london, EC3V 3NG with a Companies House number of 03990481. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2000, it's largest shareholder is aareon holding gmbh with a 100% stake. Aareon Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Aareon Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £10.5m, make it larger than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.1%)

EXPORT

Aareon Uk Limited's latest turnover from December 2022 is £10.5 million and the company has net assets of £8.4 million. According to their latest financial statements, Aareon Uk Limited has 116 employees and maintains cash reserves of £486.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	10,524,310	10,768,482	11,238,923	10,675,312	12,451,431	9,168,277	9,307,973	7,456,199	7,526,496	7,967,205	6,526,125	6,133,015	4,753,756	5,006,242
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	717,236	321,445	903,966	658,312	2,119,777	2,540,937	3,278,301	2,333,079	1,942,001	2,488,472	1,427,047	1,393,881	680,130	705,607
Gross Profit	9,807,074	10,447,037	10,334,957	10,017,000	10,331,654	6,627,340	6,029,672	5,123,120	5,584,495	5,478,733	5,099,078	4,739,134	4,073,626	4,300,635
Admin Expenses	10,895,424	10,652,227	10,153,587	9,411,286	9,752,129	7,019,735	5,404,674	4,614,012	4,574,799	4,531,644	4,251,703	4,162,397	4,070,608	3,954,858
Operating Profit	-1,088,350	-205,190	181,370	605,714	579,525	-392,395	624,998	509,108	1,009,696	947,089	847,375	576,737	3,018	345,777
Interest Payable	51,407	17,815	53,356	113,092	26,127	0	0	0	0	0	0	0	0	0
Interest Receivable	4,192	4,380	6,278	9,342	6,881	664	2,282	1,336	2,904	3,509	1,549	1,074	1,172	637
Pre-Tax Profit	-1,135,565	-218,625	134,292	501,964	560,279	-391,732	627,280	510,444	1,012,600	950,598	848,924	577,811	4,190	346,414
Tax	238,899	-15,118	-97,899	-120,610	-157,745	84,402	99,720	-274,717	-184,239	189,765	-226,729	-184,922	-40,772	-106,836
Profit After Tax	-896,666	-233,743	36,393	381,354	402,534	-307,330	727,000	235,727	828,361	1,140,363	622,195	392,889	-36,582	239,578
Dividends Paid	0	0	0	433,228	0	0	400,000	0	0	0	0	0	0	0
Retained Profit	-896,666	-233,743	36,393	-51,874	402,534	-307,330	327,000	235,727	828,361	1,140,363	622,195	392,889	-36,582	239,578
Employee Costs	7,535,083	7,551,059	7,225,966	6,526,574	6,334,291	4,699,018	3,436,484	3,336,479	3,263,099	3,097,317	2,886,615	2,723,898	2,645,739	2,303,781
Number Of Employees	116	129	120	123	113	93	67	67	65	62	59	57	57	55
EBITDA*	746,696	850,180	1,226,974	1,265,890	1,133,850	163,319	1,085,166	685,922	1,165,280	1,103,153	1,119,679	847,610	289,522	633,581

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	486,562	591,050	800,480	1,064,420	202,876	105,699	109,261	144,210	121,235	146,112	977,419	150,031	182,665	248,895
Intangible Assets	10,979,830	8,706,040	5,838,021	4,770,473	4,039,535	3,598,406	3,910,577	4,262,130	3,441,695	2,185,381	0	112,529	289,693	466,857
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	11,466,392	9,297,090	6,638,501	5,834,893	4,242,411	3,704,105	4,019,838	4,406,340	3,562,930	2,331,493	977,419	262,560	472,358	715,752
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,924,684	2,726,463	3,184,633	2,824,460	2,811,728	2,170,670	1,203,766	1,251,146	725,507	785,893	1,268,704	1,151,859	941,226	782,668
Group Debtors	45,428	54,547	39,088	234,794	14,026	393,114	12,120	35,941	9,773	95,271	14,254	0	0	0
Misc Debtors	3,902,941	2,899,330	3,542,267	3,236,474	4,022,772	2,900,933	2,910,826	1,795,811	1,305,509	2,077,290	1,384,059	1,916,784	693,743	901,095
Cash	486,530	1,570,580	1,131,054	1,763,238	1,721,888	2,122,049	2,269,296	2,242,826	2,966,264	2,941,327	2,629,063	1,363,514	1,495,766	1,376,247
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,359,583	7,250,920	7,897,042	8,058,966	8,570,414	7,586,766	6,396,008	5,325,724	5,007,053	5,899,781	5,296,080	4,432,157	3,130,735	3,060,010
total assets	17,825,975	16,548,010	14,535,543	13,893,859	12,812,825	11,290,871	10,415,846	9,732,064	8,569,983	8,231,274	6,273,499	4,694,717	3,603,093	3,775,762
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	857,504	337,227	190,806	481,230	297,290	302,877	117,242	246,543	218,410	164,814	91,252	259,693	136,639	263,128
Group/Directors Accounts	2,368,524	547,136	443,947	2,724,878	2,593,194	1,471,081	1,395,683	1,133,246	863,815	1,117,034	475,762	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	149,153	190,512	236,468	214,566	0	0	0	0	0	0	0	0	0	0
other current liabilities	5,554,420	6,143,807	5,858,030	4,669,501	4,832,853	4,811,140	3,855,604	3,731,271	3,309,392	3,643,133	3,532,431	2,876,098	2,311,179	2,305,762
total current liabilities	8,929,601	7,218,682	6,729,251	8,090,175	7,723,337	6,585,098	5,368,529	5,111,060	4,391,617	4,924,981	4,099,445	3,135,791	2,447,818	2,568,890
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	224,070	270,435	454,459	740,189	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	273,452	263,375	322,572	310,063	302,818	321,637	355,851	256,538	49,627	5,915	14,039	21,106	10,344	25,359
total long term liabilities	497,522	533,810	777,031	1,050,252	302,818	321,637	355,851	256,538	49,627	5,915	14,039	21,106	10,344	25,359
total liabilities	9,427,123	7,752,492	7,506,282	9,140,427	8,026,155	6,906,735	5,724,380	5,367,598	4,441,244	4,930,896	4,113,484	3,156,897	2,458,162	2,594,249
net assets	8,398,852	8,795,518	7,029,261	4,753,432	4,786,670	4,384,136	4,691,466	4,364,466	4,128,739	3,300,378	2,160,015	1,537,820	1,144,931	1,181,513
total shareholders funds	8,398,852	8,795,518	7,029,261	4,753,432	4,786,670	4,384,136	4,691,466	4,364,466	4,128,739	3,300,378	2,160,015	1,537,820	1,144,931	1,181,513

	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	-1,088,350	-205,190	181,370	605,714	579,525	-392,395	624,998	509,108	1,009,696	947,089	847,375	576,737	3,018	345,777
Depreciation	80,347	65,129	78,459	91,141	87,403	85,519	83,116	87,151	75,584	76,064	159,775	93,709	109,340	110,640
Amortisation	1,754,699	990,241	967,145	569,035	466,922	470,195	377,052	89,663	80,000	80,000	112,529	177,164	177,164	177,164
Tax	238,899	-15,118	-97,899	-120,610	-157,745	84,402	99,720	-274,717	-184,239	189,765	-226,729	-184,922	-40,772	-106,836
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	192,713	-1,085,648	470,260	-552,798	1,383,809	1,338,005	1,043,814	1,042,109	-917,665	291,437	-401,626	1,433,674	-48,794	1,683,763
Creditors	520,277	146,421	-290,424	183,940	-5,587	185,635	-129,301	28,133	53,596	73,562	-168,441	123,054	-126,489	263,128
Accruals and Deferred Income	-589,387	285,777	1,188,529	-163,352	21,713	955,536	124,333	421,879	-333,741	110,702	656,333	564,919	5,417	2,305,762
Deferred Taxes & Provisions	10,077	-59,197	12,509	7,245	-18,819	-34,214	99,313	206,911	43,712	-8,124	-7,067	10,762	-15,015	25,359
Cash flow from operations	733,849	2,293,711	1,569,429	1,725,911	-410,397	16,673	235,417	26,019	1,662,273	1,177,621	1,775,401	-72,251	161,457	1,437,231
Investing Activities
capital expenditure	-4,004,348	-3,713,959	-1,849,212	-2,252,658	-1,092,631	-239,981	-73,666	-1,020,224	-1,387,021	-1,510,138	-987,163	-61,075	-43,110	-1,003,556
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,004,348	-3,713,959	-1,849,212	-2,252,658	-1,092,631	-239,981	-73,666	-1,020,224	-1,387,021	-1,510,138	-987,163	-61,075	-43,110	-1,003,556
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,821,388	103,189	-2,280,931	131,684	1,122,113	75,398	262,437	269,431	-253,219	641,272	475,762	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	-87,724	-229,980	-263,828	954,755	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	500,000	2,000,000	2,239,436	18,636	0	0	0	0	0	0	0	0	0	941,935
interest	-47,215	-13,435	-47,078	-103,750	-19,246	664	2,282	1,336	2,904	3,509	1,549	1,074	1,172	637
cash flow from financing	2,186,449	1,859,774	-352,401	1,001,325	1,102,867	76,062	264,719	270,767	-250,315	644,781	477,311	1,074	1,172	942,572
cash and cash equivalents
cash	-1,084,050	439,526	-632,184	41,350	-400,161	-147,247	26,470	-723,438	24,937	312,264	1,265,549	-132,252	119,519	1,376,247
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,084,050	439,526	-632,184	41,350	-400,161	-147,247	26,470	-723,438	24,937	312,264	1,265,549	-132,252	119,519	1,376,247

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AAREON UK LIMITED group structure

Aareon Uk Limited has no subsidiary companies.

Ultimate parent company

AAREON HOLDING GMBH

#0163063

1 parent

AAREON UK LIMITED

03990481

AAREON UK LIMITED Shareholders

aareon holding gmbh

100%

Aareon Uk Limited currently has 6 directors. The longest serving directors include Mrs. Meriel Sommers (Jul 2017) and Dr Andre Rasquin (Mar 2020).

officer	country	age	start	end	role
Mrs. Meriel Sommers	England	66 years	Jul 2017	-	Director
Dr Andre Rasquin	England	54 years	Mar 2020	-	Director
Mr Justin Hines	England	56 years	Sep 2020	-	Director
Ms Rumyana Trencheva	England	47 years	Jul 2022	-	Director
Ms Rachael Baig	England	41 years	Sep 2024	-	Director
Mr Ernesto Marinelli	England	57 years	Sep 2024	-	Director

P&L

December 2022

turnover

10.5m

-2%

operating profit

-1.1m

+430%

gross margin

93.2%

-3.95%

turnover

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

Balance Sheet

December 2022

net assets

8.4m

-0.05%

total assets

17.8m

+0.08%

cash

486.5k

-0.69%

net assets

Total assets minus all liabilities

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company number

03990481

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62012 - Business and domestic software development

incorporation date

May 2000

ultimate parent company

AAREON HOLDING GMBH

previous names

depfa it services uk limited (July 2002)

foray 1322 limited (July 2000)

address

international house, 36-38 cornhill, london, EC3V 3NG

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aareon uk limited Company Information

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aareon uk limited Estimated Valuation

aareon uk limited Estimated Valuation

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