aareon uk limited

3.5

aareon uk limited Company Information

Share AAREON UK LIMITED
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MatureMidDeclining

Company Number

03990481

Registered Address

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

Industry

Computer consultancy activities

 

Business and domestic software development

 

Telephone

02476323723

Next Accounts Due

35 days late

Group Structure

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Directors

Meriel Sommers7 Years

Andre Rasquin4 Years

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Shareholders

aareon holding gmbh 100%

aareon uk limited Estimated Valuation

£12.4m

Pomanda estimates the enterprise value of AAREON UK LIMITED at £12.4m based on a Turnover of £10.5m and 1.18x industry multiple (adjusted for size and gross margin).

aareon uk limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of AAREON UK LIMITED at £6m based on an EBITDA of £746.7k and a 8.07x industry multiple (adjusted for size and gross margin).

aareon uk limited Estimated Valuation

£19.4m

Pomanda estimates the enterprise value of AAREON UK LIMITED at £19.4m based on Net Assets of £8.4m and 2.31x industry multiple (adjusted for liquidity).

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Aareon Uk Limited Overview

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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Aareon Uk Limited Health Check

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 Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

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

£10.5m - Aareon Uk Limited

£2.8m - Industry AVG

growth

Growth

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

0% - Aareon Uk Limited

6.1% - Industry AVG

production

Production

with a gross margin of 93.2%, this company has a lower cost of product (59.2%)

93.2% - Aareon Uk Limited

59.2% - Industry AVG

profitability

Profitability

an operating margin of -10.3% make it less profitable than the average company (5.5%)

-10.3% - Aareon Uk Limited

5.5% - Industry AVG

employees

Employees

with 116 employees, this is above the industry average (25)

116 - Aareon Uk Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £65k, the company has an equivalent pay structure (£62.1k)

£65k - Aareon Uk Limited

£62.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £90.7k, this is less efficient (£120.5k)

£90.7k - Aareon Uk Limited

£120.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is near the average (62 days)

66 days - Aareon Uk Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 436 days, this is slower than average (39 days)

436 days - Aareon Uk Limited

39 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Aareon Uk Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (19 weeks)

2 weeks - Aareon Uk Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.9%, this is a lower level of debt than the average (60.7%)

52.9% - Aareon Uk Limited

60.7% - Industry AVG

AAREON UK LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover10,524,31010,768,48211,238,92310,675,31212,451,4319,168,2779,307,9737,456,1997,526,4967,967,2056,526,1256,133,0154,753,7565,006,242
Other Income Or Grants00000000000000
Cost Of Sales717,236321,445903,966658,3122,119,7772,540,9373,278,3012,333,0791,942,0012,488,4721,427,0471,393,881680,130705,607
Gross Profit9,807,07410,447,03710,334,95710,017,00010,331,6546,627,3406,029,6725,123,1205,584,4955,478,7335,099,0784,739,1344,073,6264,300,635
Admin Expenses10,895,42410,652,22710,153,5879,411,2869,752,1297,019,7355,404,6744,614,0124,574,7994,531,6444,251,7034,162,3974,070,6083,954,858
Operating Profit-1,088,350-205,190181,370605,714579,525-392,395624,998509,1081,009,696947,089847,375576,7373,018345,777
Interest Payable51,40717,81553,356113,09226,127000000000
Interest Receivable4,1924,3806,2789,3426,8816642,2821,3362,9043,5091,5491,0741,172637
Pre-Tax Profit-1,135,565-218,625134,292501,964560,279-391,732627,280510,4441,012,600950,598848,924577,8114,190346,414
Tax238,899-15,118-97,899-120,610-157,74584,40299,720-274,717-184,239189,765-226,729-184,922-40,772-106,836
Profit After Tax-896,666-233,74336,393381,354402,534-307,330727,000235,727828,3611,140,363622,195392,889-36,582239,578
Dividends Paid000433,22800400,0000000000
Retained Profit-896,666-233,74336,393-51,874402,534-307,330327,000235,727828,3611,140,363622,195392,889-36,582239,578
Employee Costs7,535,0837,551,0597,225,9666,526,5746,334,2914,699,0183,436,4843,336,4793,263,0993,097,3172,886,6152,723,8982,645,7392,303,781
Number Of Employees116129120123113936767656259575755
EBITDA*746,696850,1801,226,9741,265,8901,133,850163,3191,085,166685,9221,165,2801,103,1531,119,679847,610289,522633,581

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets486,562591,050800,4801,064,420202,876105,699109,261144,210121,235146,112977,419150,031182,665248,895
Intangible Assets10,979,8308,706,0405,838,0214,770,4734,039,5353,598,4063,910,5774,262,1303,441,6952,185,3810112,529289,693466,857
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets11,466,3929,297,0906,638,5015,834,8934,242,4113,704,1054,019,8384,406,3403,562,9302,331,493977,419262,560472,358715,752
Stock & work in progress00000000000000
Trade Debtors1,924,6842,726,4633,184,6332,824,4602,811,7282,170,6701,203,7661,251,146725,507785,8931,268,7041,151,859941,226782,668
Group Debtors45,42854,54739,088234,79414,026393,11412,12035,9419,77395,27114,254000
Misc Debtors3,902,9412,899,3303,542,2673,236,4744,022,7722,900,9332,910,8261,795,8111,305,5092,077,2901,384,0591,916,784693,743901,095
Cash486,5301,570,5801,131,0541,763,2381,721,8882,122,0492,269,2962,242,8262,966,2642,941,3272,629,0631,363,5141,495,7661,376,247
misc current assets00000000000000
total current assets6,359,5837,250,9207,897,0428,058,9668,570,4147,586,7666,396,0085,325,7245,007,0535,899,7815,296,0804,432,1573,130,7353,060,010
total assets17,825,97516,548,01014,535,54313,893,85912,812,82511,290,87110,415,8469,732,0648,569,9838,231,2746,273,4994,694,7173,603,0933,775,762
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 857,504337,227190,806481,230297,290302,877117,242246,543218,410164,81491,252259,693136,639263,128
Group/Directors Accounts2,368,524547,136443,9472,724,8782,593,1941,471,0811,395,6831,133,246863,8151,117,034475,762000
other short term finances00000000000000
hp & lease commitments149,153190,512236,468214,5660000000000
other current liabilities5,554,4206,143,8075,858,0304,669,5014,832,8534,811,1403,855,6043,731,2713,309,3923,643,1333,532,4312,876,0982,311,1792,305,762
total current liabilities8,929,6017,218,6826,729,2518,090,1757,723,3376,585,0985,368,5295,111,0604,391,6174,924,9814,099,4453,135,7912,447,8182,568,890
loans00000000000000
hp & lease commitments224,070270,435454,459740,1890000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions273,452263,375322,572310,063302,818321,637355,851256,53849,6275,91514,03921,10610,34425,359
total long term liabilities497,522533,810777,0311,050,252302,818321,637355,851256,53849,6275,91514,03921,10610,34425,359
total liabilities9,427,1237,752,4927,506,2829,140,4278,026,1556,906,7355,724,3805,367,5984,441,2444,930,8964,113,4843,156,8972,458,1622,594,249
net assets8,398,8528,795,5187,029,2614,753,4324,786,6704,384,1364,691,4664,364,4664,128,7393,300,3782,160,0151,537,8201,144,9311,181,513
total shareholders funds8,398,8528,795,5187,029,2614,753,4324,786,6704,384,1364,691,4664,364,4664,128,7393,300,3782,160,0151,537,8201,144,9311,181,513
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-1,088,350-205,190181,370605,714579,525-392,395624,998509,1081,009,696947,089847,375576,7373,018345,777
Depreciation80,34765,12978,45991,14187,40385,51983,11687,15175,58476,064159,77593,709109,340110,640
Amortisation1,754,699990,241967,145569,035466,922470,195377,05289,66380,00080,000112,529177,164177,164177,164
Tax238,899-15,118-97,899-120,610-157,74584,40299,720-274,717-184,239189,765-226,729-184,922-40,772-106,836
Stock00000000000000
Debtors192,713-1,085,648470,260-552,7981,383,8091,338,0051,043,8141,042,109-917,665291,437-401,6261,433,674-48,7941,683,763
Creditors520,277146,421-290,424183,940-5,587185,635-129,30128,13353,59673,562-168,441123,054-126,489263,128
Accruals and Deferred Income-589,387285,7771,188,529-163,35221,713955,536124,333421,879-333,741110,702656,333564,9195,4172,305,762
Deferred Taxes & Provisions10,077-59,19712,5097,245-18,819-34,21499,313206,91143,712-8,124-7,06710,762-15,01525,359
Cash flow from operations733,8492,293,7111,569,4291,725,911-410,39716,673235,41726,0191,662,2731,177,6211,775,401-72,251161,4571,437,231
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 Investments00000000000000
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 loans00000000000000
Group/Directors Accounts1,821,388103,189-2,280,931131,6841,122,11375,398262,437269,431-253,219641,272475,762000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments-87,724-229,980-263,828954,7550000000000
other long term liabilities00000000000000
share issue500,0002,000,0002,239,43618,636000000000941,935
interest-47,215-13,435-47,078-103,750-19,2466642,2821,3362,9043,5091,5491,0741,172637
cash flow from financing2,186,4491,859,774-352,4011,001,3251,102,86776,062264,719270,767-250,315644,781477,3111,0741,172942,572
cash and cash equivalents
cash-1,084,050439,526-632,18441,350-400,161-147,24726,470-723,43824,937312,2641,265,549-132,252119,5191,376,247
overdraft00000000000000
change in cash-1,084,050439,526-632,18441,350-400,161-147,24726,470-723,43824,937312,2641,265,549-132,252119,5191,376,247

aareon uk limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Aareon Uk Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for aareon uk limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.

aareon uk limited Ownership

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 directors

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

officercountryagestartendrole
Mrs. Meriel SommersEngland66 years Jul 2017- Director
Dr Andre RasquinEngland54 years Mar 2020- Director
Mr Justin HinesEngland56 years Sep 2020- Director
Ms Rumyana TrenchevaEngland47 years Jul 2022- Director
Mr Ernesto MarinelliEngland57 years Sep 2024- Director
Ms Rachael BaigEngland41 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

aareon uk limited company details

company number

03990481

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62012 - Business and domestic software development

incorporation date

May 2000

age

24

incorporated

UK

ultimate parent company

AAREON HOLDING GMBH

accounts

Small Company

last accounts submitted

December 2022

previous names

depfa it services uk limited (July 2002)

foray 1322 limited (July 2000)

accountant

-

auditor

KPMG LLP

address

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

Bank

HSBC BANK PLC

Legal Advisor

FOOT ANSTEY LLP

aareon uk 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 did not find charges/mortgages relating to aareon uk limited.

charges

aareon uk limited Companies House Filings - See Documents

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