claranet group limited

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claranet group limited Company Information

Share CLARANET GROUP LIMITED
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Company Number

04037420

Registered Address

110 high holborn, london, WC1V 6JS

Industry

Other information technology and computer service activities

 

Telephone

03303900500

Next Accounts Due

March 2025

Group Structure

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Directors

Charles Nasser23 Years

Nigel Fairhurst9 Years

View All

Shareholders

clara net holdings ltd 100%

claranet group limited Estimated Valuation

£814.5m

Pomanda estimates the enterprise value of CLARANET GROUP LIMITED at £814.5m based on a Turnover of £516.6m and 1.58x industry multiple (adjusted for size and gross margin).

claranet group limited Estimated Valuation

£755.3m

Pomanda estimates the enterprise value of CLARANET GROUP LIMITED at £755.3m based on an EBITDA of £62.4m and a 12.1x industry multiple (adjusted for size and gross margin).

claranet group limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CLARANET GROUP LIMITED at £0 based on Net Assets of £-53.6m and 2.21x industry multiple (adjusted for liquidity).

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Claranet Group Limited Overview

Claranet Group Limited is a live company located in london, WC1V 6JS with a Companies House number of 04037420. It operates in the other information technology service activities sector, SIC Code 62090. Founded in July 2000, it's largest shareholder is clara net holdings ltd with a 100% stake. Claranet Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £516.6m with healthy growth in recent years.

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Claranet Group Limited Health Check

Pomanda's financial health check has awarded Claranet Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £516.6m, make it larger than the average company (£6.9m)

£516.6m - Claranet Group Limited

£6.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.3%)

11% - Claranet Group Limited

6.3% - Industry AVG

production

Production

with a gross margin of 49.5%, this company has a comparable cost of product (49.6%)

49.5% - Claranet Group Limited

49.6% - Industry AVG

profitability

Profitability

an operating margin of -1% make it less profitable than the average company (3.2%)

-1% - Claranet Group Limited

3.2% - Industry AVG

employees

Employees

with 2885 employees, this is above the industry average (45)

2885 - Claranet Group Limited

45 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.1k, the company has a lower pay structure (£68.8k)

£51.1k - Claranet Group Limited

£68.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £179.1k, this is equally as efficient (£166.1k)

£179.1k - Claranet Group Limited

£166.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 55 days, this is near the average (55 days)

55 days - Claranet Group Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 76 days, this is slower than average (37 days)

76 days - Claranet Group Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 5 days, this is less than average (15 days)

5 days - Claranet Group Limited

15 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (14 weeks)

8 weeks - Claranet Group Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 109.9%, this is a higher level of debt than the average (62.5%)

109.9% - Claranet Group Limited

62.5% - Industry AVG

CLARANET GROUP LIMITED financials

EXPORTms excel logo

Claranet Group Limited's latest turnover from June 2023 is £516.6 million and the company has net assets of -£53.6 million. According to their latest financial statements, Claranet Group Limited has 2,885 employees and maintains cash reserves of £27.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover516,600,000479,200,000395,100,000372,700,000369,000,000321,600,000216,500,000152,500,000133,300,000125,901,00097,170,00059,642,00059,087,00061,293,000
Other Income Or Grants00000000000000
Cost Of Sales260,700,000253,000,000185,400,000180,300,000183,900,000153,600,00089,600,00061,900,00057,500,00052,796,00042,925,00025,627,00025,867,00027,479,000
Gross Profit255,900,000226,200,000209,700,000192,400,000185,100,000168,000,000126,900,00090,600,00075,800,00073,105,00054,245,00034,015,00033,220,00033,814,000
Admin Expenses261,300,000206,300,000188,100,000181,100,000170,500,000152,300,000115,100,00079,400,00065,200,00063,323,00051,546,00031,719,00030,349,00032,360,000
Operating Profit-5,400,00019,900,00021,600,00011,300,00014,600,00015,700,00011,800,00011,200,00010,600,0009,782,0002,699,0002,296,0002,871,0001,454,000
Interest Payable28,800,00026,000,00019,400,00018,500,00018,700,00016,900,00014,200,00011,200,0009,300,0009,204,0005,870,000643,000775,000872,000
Interest Receivable5,200,000400,000500,000300,00000100,00000024,00016,0004,00047,000
Pre-Tax Profit-29,000,000-5,700,0002,700,000-6,900,000-4,100,000-600,000-5,200,0000-500,000807,000-3,147,0001,669,0002,100,000629,000
Tax-2,900,000-4,100,000-2,200,000-3,400,000-4,700,000-3,000,000-1,200,000-300,000200,000-725,000-199,000574,000-412,00045,000
Profit After Tax-31,900,000-9,800,000500,000-10,300,000-8,800,000-3,600,000-6,400,000-300,000-300,00082,000-3,346,0002,243,0001,688,000674,000
Dividends Paid00000000000000
Retained Profit-32,800,000-9,400,000500,000-10,300,000-8,800,000-3,600,000-6,400,000-300,000-300,00082,000-3,346,0002,243,0001,688,000674,000
Employee Costs147,400,000126,500,000111,300,000107,500,00099,900,00096,200,00069,900,00046,500,00038,600,00036,987,00031,777,00021,240,00020,150,00020,407,000
Number Of Employees2,8852,6942,3182,1612,0421,8411,289980797718689416400416
EBITDA*62,400,00078,800,00072,600,00055,100,00045,800,00044,200,00034,100,00026,900,00023,100,00028,014,00011,023,0006,245,0006,974,0006,104,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets88,700,00077,500,000107,400,00089,800,00061,000,00057,300,00052,800,00036,700,00038,600,00032,210,00023,554,00014,194,00013,316,00012,631,000
Intangible Assets278,600,000258,800,000246,800,000205,100,000210,900,000196,000,000194,300,000115,400,00075,100,00075,037,00066,864,00011,091,00010,393,00010,538,000
Investments & Other500,000200,0000000500,0000021,0000000
Debtors (Due After 1 year)14,300,0009,800,00032,900,00025,300,00021,700,00017,300,00012,000,0006,000,00013,100,000003,210,0003,022,0001,761,000
Total Fixed Assets361,400,000327,700,000344,800,000291,000,000271,900,000253,300,000247,100,000152,100,000113,700,000107,247,00090,418,00025,285,00023,709,00023,169,000
Stock & work in progress3,600,0003,900,0001,300,0001,900,0001,200,0002,000,0002,000,0000400,00000000
Trade Debtors78,500,00091,400,00058,800,00061,400,00063,500,00045,500,00043,500,00018,600,00012,000,00013,790,0009,663,0005,563,0006,331,0006,076,000
Group Debtors00000000000000
Misc Debtors36,300,00035,700,00029,700,00026,600,00025,300,00023,100,00029,900,0009,200,0005,400,0005,378,0004,387,0002,234,0002,609,0003,375,000
Cash27,500,00044,100,00036,200,00038,900,00028,700,00049,700,00039,200,00021,900,00016,400,0008,826,0005,572,0002,970,0001,364,000775,000
misc current assets00000000000000
total current assets145,900,000175,100,000126,000,000128,800,000118,700,000120,300,000114,600,00049,700,00034,200,00027,994,00019,622,00010,767,00010,304,00010,226,000
total assets507,300,000502,800,000470,800,000419,800,000390,600,000373,600,000361,700,000201,800,000147,900,000135,241,000110,040,00036,052,00034,013,00033,395,000
Bank overdraft1,700,000600,000500,00000800,0001,400,000600,000500,0001,132,00012,00001,123,0001,766,000
Bank loan00232,800,00000000000000
Trade Creditors 54,800,00073,300,00044,100,00038,000,00046,300,00043,100,00046,000,00014,900,00010,200,00010,760,0007,250,0006,463,0006,350,0006,886,000
Group/Directors Accounts00000000000000
other short term finances6,400,00013,200,0005,000,0001,200,000700,000300,000100,000100,00000146,000000
hp & lease commitments17,700,00014,600,00021,000,00020,900,00011,300,00013,300,00013,100,00010,000,0007,400,0006,427,0005,662,0002,406,0002,460,0002,875,000
other current liabilities86,400,00079,000,00076,500,00063,600,00049,300,00044,400,00035,800,00025,900,00015,800,00015,562,00012,044,0005,033,0004,464,0004,145,000
total current liabilities167,000,000180,700,000379,900,000123,700,000107,600,000101,900,00096,400,00051,500,00033,900,00033,881,00025,114,00013,902,00014,397,00015,672,000
loans701,300,000589,400,000103,800,000480,300,000427,200,000414,500,000374,500,000166,100,000149,900,000127,454,000100,012,00020,028,00016,720,00022,211,000
hp & lease commitments21,600,00018,100,00023,800,00025,000,00011,000,00011,000,00012,800,00007,600,0007,129,00002,517,0002,051,0002,017,000
Accruals and Deferred Income3,000,0004,100,0002,700,00022,400,00019,600,00014,400,00014,900,00011,800,0009,500,000010,810,000008,299,000
other liabilities800,0003,800,0001,400,00023,600,00031,600,00022,800,00030,500,00047,300,00019,900,00039,563,00023,667,0004,915,0005,089,000819,000
provisions31,200,00032,800,00029,800,00023,000,00021,200,00022,400,00024,000,00010,800,0007,400,0008,254,0009,212,00015,326,00017,004,0000
total long term liabilities390,300,000339,500,00099,000,000308,700,000285,400,000265,400,000254,400,000157,700,000120,800,000107,417,00089,089,00022,592,00021,951,00021,880,000
total liabilities557,300,000520,200,000478,900,000432,400,000393,000,000367,300,000350,800,000209,200,000154,700,000141,298,000114,203,00036,494,00036,348,00037,552,000
net assets-53,600,000-20,300,000-11,300,000-12,600,000-2,400,0006,300,00010,900,000-7,400,000-6,800,000-6,057,000-4,163,000-442,000-2,335,000-4,157,000
total shareholders funds-53,600,000-20,300,000-11,300,000-12,600,000-2,400,0006,300,00010,900,000-7,400,000-6,800,000-6,057,000-4,163,000-442,000-2,335,000-4,157,000
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-5,400,00019,900,00021,600,00011,300,00014,600,00015,700,00011,800,00011,200,00010,600,0009,782,0002,699,0002,296,0002,871,0001,454,000
Depreciation33,800,00031,300,00032,000,00029,400,00031,200,00028,500,00022,300,00011,900,00010,100,00011,620,0006,968,0003,873,0003,980,0004,550,000
Amortisation34,000,00027,600,00019,000,00014,400,0000003,800,0002,400,0006,612,0001,356,00076,000123,000100,000
Tax-2,900,000-4,100,000-2,200,000-3,400,000-4,700,000-3,000,000-1,200,000-300,000200,000-725,000-199,000574,000-412,00045,000
Stock-300,0002,600,000-600,000700,000-800,00002,000,000-400,000400,00000000
Debtors-7,800,00015,500,0008,100,0002,800,00024,600,000500,00051,600,0003,300,00011,332,0005,118,0003,043,000-955,000750,00011,212,000
Creditors-18,500,00029,200,0006,100,000-8,300,0003,200,000-2,900,00031,100,0004,700,000-560,0003,510,000787,000113,000-536,0006,886,000
Accruals and Deferred Income6,300,0003,900,000-6,800,00017,100,00010,100,0008,100,00013,000,00012,400,0009,738,000-7,292,00017,821,000569,000-7,980,00012,444,000
Deferred Taxes & Provisions-1,600,0003,000,0006,800,0001,800,000-1,200,000-1,600,00013,200,0003,400,000-854,000-958,000-6,114,000-1,678,00017,004,0000
Cash flow from operations53,800,00092,700,00069,000,00058,800,00029,400,00044,300,00036,600,00044,200,00019,892,00017,431,00020,275,0006,778,00014,300,00014,267,000
Investing Activities
capital expenditure-98,800,000-41,000,000-110,300,000-66,800,000-49,800,000-34,700,000-117,300,000-54,100,000-18,953,000-35,061,000-73,457,000-5,525,000-4,643,000-27,819,000
Change in Investments300,000200,000000-500,000500,0000-21,00021,0000000
cash flow from investments-99,100,000-41,200,000-110,300,000-66,800,000-49,800,000-34,200,000-117,800,000-54,100,000-18,932,000-35,082,000-73,457,000-5,525,000-4,643,000-27,819,000
Financing Activities
Bank loans0-232,800,000232,800,00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans -6,800,0008,200,0003,800,000500,000400,000200,0000100,0000-146,000146,000000
Long term loans111,900,000485,600,000-376,500,00053,100,00012,700,00040,000,000208,400,00016,200,00022,446,00027,442,00079,984,0003,308,000-5,491,00022,211,000
Hire Purchase and Lease Commitments6,600,000-12,100,000-1,100,00023,600,000-2,000,000-1,600,00015,900,000-5,000,0001,444,0007,894,000739,000412,000-381,0004,892,000
other long term liabilities-3,000,0002,400,000-22,200,000-8,000,0008,800,000-7,700,000-16,800,00027,400,000-19,663,00015,896,00018,752,000-174,0004,270,000819,000
share issue-500,000400,000800,000100,000100,000-1,000,00024,700,000-300,000-443,000-1,976,000-375,000-350,000134,000-4,831,000
interest-23,600,000-25,600,000-18,900,000-18,200,000-18,700,000-16,900,000-14,100,000-11,200,000-9,300,000-9,204,000-5,846,000-627,000-771,000-825,000
cash flow from financing84,600,000226,100,000-181,300,00051,100,0001,300,00013,000,000218,100,00027,200,000-5,516,00039,906,00093,400,0002,569,000-2,239,00022,266,000
cash and cash equivalents
cash-16,600,0007,900,000-2,700,00010,200,000-21,000,00010,500,00017,300,0005,500,0007,574,0003,254,0002,602,0001,606,000589,000775,000
overdraft1,100,000100,000500,0000-800,000-600,000800,000100,000-632,0001,120,00012,000-1,123,000-643,0001,766,000
change in cash-17,700,0007,800,000-3,200,00010,200,000-20,200,00011,100,00016,500,0005,400,0008,206,0002,134,0002,590,0002,729,0001,232,000-991,000

claranet group 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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Claranet Group Limited Competitor Analysis

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claranet group limited Ownership

CLARANET GROUP LIMITED group structure

Claranet Group Limited has 4 subsidiary companies.

Ultimate parent company

CLARANET INTERNATIONAL LTD

#0050452

CLARA.NET HOLDINGS LTD

#0038526

2 parents

CLARANET GROUP LIMITED

04037420

4 subsidiaries

CLARANET GROUP LIMITED Shareholders

clara net holdings ltd 100%

claranet group limited directors

Claranet Group Limited currently has 5 directors. The longest serving directors include Mr Charles Nasser (Jul 2000) and Mr Nigel Fairhurst (Nov 2014).

officercountryagestartendrole
Mr Charles Nasser54 years Jul 2000- Director
Mr Nigel FairhurstUnited Kingdom60 years Nov 2014- Director
Mr Nigel FairhurstUnited Kingdom60 years Nov 2014- Director
Mr Olivier BeaudetEngland53 years Mar 2020- Director
Mr Emmanuel LaillierEngland50 years Aug 2023- Director

P&L

June 2023

turnover

516.6m

+8%

operating profit

-5.4m

-127%

gross margin

49.6%

+4.94%

turnover

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

Balance Sheet

June 2023

net assets

-53.6m

+1.64%

total assets

507.3m

+0.01%

cash

27.5m

-0.38%

net assets

Total assets minus all liabilities

claranet group limited company details

company number

04037420

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

July 2000

age

24

accounts

Group

ultimate parent company

CLARANET INTERNATIONAL LTD

previous names

deskwheel limited (October 2000)

incorporated

UK

address

110 high holborn, london, WC1V 6JS

last accounts submitted

June 2023

claranet group 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 33 charges/mortgages relating to claranet group limited. Currently there are 7 open charges and 26 have been satisfied in the past.

charges

claranet group limited Companies House Filings - See Documents

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