Netready Limited

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netready limited Company Information

Company Number

04013510

Next Accounts

Mar 2025

Directors

Scott McLaren

Amy McLaren

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Shareholders

scott mclaren

claudine maria fignon

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Group Structure

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Industry

Other information technology and computer service activities

Registered Address

phoenix yard upper brown street, leicester, leicestershire, LE1 5TE

Website

http://360degreeit.com

netready limited Estimated Valuation

£556.2k

Pomanda estimates the enterprise value of NETREADY LIMITED at £556.2k based on a Turnover of £844.7k and 0.66x industry multiple (adjusted for size and gross margin).

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Netready Limited is a live company located in leicestershire, LE1 5TE with a Companies House number of 04013510. It operates in the other information technology service activities sector, SIC Code 62090. Founded in June 2000, it's largest shareholder is scott mclaren with a 45% stake. Netready Limited is a mature, small sized company, Pomanda has estimated its turnover at £844.7k with high growth in recent years.

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Pomanda's financial health check has awarded Netready Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £844.7k, make it smaller than the average company (£6.3m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5%)

EXPORT

Netready Limited's latest turnover from June 2023 is estimated at £844.7 thousand and the company has net assets of £87.8 thousand. According to their latest financial statements, Netready Limited has 13 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	844,675	823,694	786,994	538,967	541,876	647,812	531,547	354,012	370,646	278,419	356,489	213,967	128,557	115,634
Other Income Or Grants
Cost Of Sales	603,216	594,053	556,946	382,675	388,463	468,102	371,799	247,257	256,072	188,878	248,316	147,437	88,535	76,500
Gross Profit	241,459	229,641	230,048	156,292	153,414	179,710	159,747	106,756	114,574	89,540	108,173	66,529	40,022	39,134
Admin Expenses	240,454	177,621	174,933	173,003	153,139	179,198	145,562	106,835	113,141	89,080	107,108	64,496	40,021	38,383
Operating Profit	1,005	52,020	55,115	-16,711	275	512	14,185	-79	1,433	460	1,065	2,033	1	751
Interest Payable
Interest Receivable							57	250	182	71	29	24	20
Pre-Tax Profit	1,005	52,020	55,115	-16,711	275	512	14,242	171	1,615	530	1,094	2,057	22	751
Tax	-251	-9,884	-10,472		-52	-97	-2,706	-34	-323	-111	-252	-494	-6	-210
Profit After Tax	754	42,136	44,643	-16,711	223	415	11,536	137	1,292	419	842	1,563	16	541
Dividends Paid
Retained Profit	754	42,136	44,643	-16,711	223	415	11,536	137	1,292	419	842	1,563	16	541
Employee Costs	933,123	652,376	650,478	591,453	613,555	589,363	515,149	103,863	100,069	99,270	94,509	47,057	45,355	45,651
Number Of Employees	13	10	11	10	11	11	10	2	2	2	2	1	1	1
EBITDA*	1,005	52,020	55,115	-16,711	275	512	14,185	1,861	4,043	3,634	3,564	3,345	1,291	1,202

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	5,566	5,126	2,555	3,761	4,977	3,822	4,304	5,822	7,830	9,523	7,497	3,937	3,869	1,354
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	5,566	5,126	2,555	3,761	4,977	3,822	4,304	5,822	7,830	9,523	7,497	3,937	3,869	1,354
Stock & work in progress													3,400	3,400
Trade Debtors	213,503	245,122	214,872	112,698	103,083	159,097	112,554	84,193	87,190	68,436	90,162	53,849	35,197	31,707
Group Debtors
Misc Debtors					373
Cash								45,378	54,813	18,110	10,199	1,225	8,182	6
misc current assets						417	619
total current assets	213,503	245,122	214,872	112,698	103,456	159,514	113,173	129,571	142,003	86,546	100,361	55,074	46,779	35,113
total assets	219,069	250,248	217,427	116,459	108,433	163,336	117,477	135,393	149,833	96,069	107,858	59,011	50,648	36,467
Bank overdraft
Bank loan
Trade Creditors	129,570	154,110	171,137	114,988	78,023	83,549	100,381	119,219	133,549	80,662	93,381	46,020	39,361	25,631
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	129,570	154,110	171,137	114,988	78,023	83,549	100,381	119,219	133,549	80,662	93,381	46,020	39,361	25,631
loans
hp & lease commitments
Accruals and Deferred Income	1,693	9,086	1,374	1,198	13,426	63,026	750
other liabilities
provisions								1,164	1,411	1,826	1,315	671	530	95
total long term liabilities	1,693	9,086	1,374	1,198	13,426	63,026	750	1,164	1,411	1,826	1,315	671	530	95
total liabilities	131,263	163,196	172,511	116,186	91,449	146,575	101,131	120,383	134,960	82,488	94,696	46,691	39,891	25,726
net assets	87,806	87,052	44,916	273	16,984	16,761	16,346	15,010	14,873	13,581	13,162	12,320	10,757	10,741
total shareholders funds	87,806	87,052	44,916	273	16,984	16,761	16,346	15,010	14,873	13,581	13,162	12,320	10,757	10,741

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	1,005	52,020	55,115	-16,711	275	512	14,185	-79	1,433	460	1,065	2,033	1	751
Depreciation								1,940	2,610	3,174	2,499	1,312	1,290	451
Amortisation
Tax	-251	-9,884	-10,472		-52	-97	-2,706	-34	-323	-111	-252	-494	-6	-210
Stock												-3,400		3,400
Debtors	-31,619	30,250	102,174	9,242	-55,641	46,543	28,361	-2,997	18,754	-21,726	36,313	18,652	3,490	31,707
Creditors	-24,540	-17,027	56,149	36,965	-5,526	-16,832	-18,838	-14,330	52,887	-12,719	47,361	6,659	13,730	25,631
Accruals and Deferred Income	-7,393	7,712	176	-12,228	-49,600	62,276	750
Deferred Taxes & Provisions							-1,164	-247	-415	511	644	141	435	95
Cash flow from operations	440	2,571	-1,206	-1,216	738	-684	-36,134	-9,753	37,438	13,041	15,004	-5,601	11,960	-8,389
Investing Activities
capital expenditure	-440	-2,571	1,206	1,216	-1,155	482	1,518	68	-917	-5,200	-6,059	-1,380	-3,805	-1,805
Change in Investments
cash flow from investments	-440	-2,571	1,206	1,216	-1,155	482	1,518	68	-917	-5,200	-6,059	-1,380	-3,805	-1,805
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue							-10,200							10,200
interest							57	250	182	71	29	24	20
cash flow from financing							-10,143	250	182	71	29	24	20	10,200
cash and cash equivalents
cash							-45,378	-9,435	36,703	7,911	8,974	-6,957	8,176	6
overdraft
change in cash							-45,378	-9,435	36,703	7,911	8,974	-6,957	8,176	6

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NETREADY LIMITED group structure

Netready Limited has no subsidiary companies.

Ultimate parent company

NETREADY LIMITED

04013510

NETREADY LIMITED Shareholders

scott mclaren	45%
claudine maria fignon	45%
amy mclaren	5%
simon cooper	5%

Netready Limited currently has 4 directors. The longest serving directors include Mr Scott McLaren (Jun 2000) and Ms Amy McLaren (Mar 2007).

officer	country	age	start	end	role
Mr Scott McLaren	England	46 years	Jun 2000	-	Director
Ms Amy McLaren	United Kingdom	45 years	Mar 2007	-	Director
Ms Claudine Fignon	United Kingdom	49 years	Mar 2007	-	Director
Mr Simon Cooper	United Kingdom	39 years	Jun 2013	-	Director

P&L

June 2023

turnover

844.7k

+3%

operating profit

gross margin

28.6%

+2.53%

turnover

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

Balance Sheet

June 2023

net assets

87.8k

+0.01%

total assets

219.1k

-0.12%

cash

net assets

Total assets minus all liabilities

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company number

04013510

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

63110 - Data processing, hosting and related activities

incorporation date

June 2000

ultimate parent company

None

previous names

N/A

address

phoenix yard upper brown street, leicester, leicestershire, LE1 5TE

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.

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netready limited Company Information

netready limited Estimated Valuation

netready limited Estimated Valuation

netready limited Estimated Valuation

Netready Limited Overview

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NETREADY LIMITED financials

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netready limited Ownership

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