Horsebridge Network Systems Limited

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horsebridge network systems limited Company Information

Live

MatureDeclining

Company Number

04167419

Website

www.horsebridge.net

Registered Address

persimmon house fulford, york, YO19 4FE

Industry

Computer consultancy activities

Telephone

01242530630

Next Accounts Due

September 2025

Group Structure

View All

Directors

Michael Smith2 Years

View All

Shareholders

persimmon holdings limited 100%

horsebridge network systems limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HORSEBRIDGE NETWORK SYSTEMS LIMITED at £0 based on a Turnover of £0 and 0.66x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Horsebridge Network Systems Limited is a live company located in york, YO19 4FE with a Companies House number of 04167419. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2001, it's largest shareholder is persimmon holdings limited with a 100% stake. Horsebridge Network Systems Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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There is insufficient data available to calculate a health check for Horsebridge Network Systems Limited. Company Health Check FAQs

Health Rating0out of 5

0 Strong

0 Regular

2 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (5.5%)

EXPORT

Horsebridge Network Systems Limited's latest turnover from December 2023 is 0 and the company has net assets of -£4.7 million. According to their latest financial statements, we estimate that Horsebridge Network Systems Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	0	0	6,377,771	1,705,608	963,827	1,259,148	7,744,200	8,237,128	7,525,194	6,729,683	7,245,315	8,734,727	8,794,659	5,821,899	2,782,243
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	5,702,704	1,267,212	680,718	893,179	6,267,447	6,213,442	4,723,985	4,048,202	4,007,188	5,708,706	5,683,101	3,891,070	1,774,975
Gross Profit	0	0	675,067	438,396	283,108	365,969	1,476,753	2,023,686	2,801,209	2,681,481	3,238,127	3,026,021	3,111,558	1,930,829	1,007,268
Admin Expenses	0	0	1,641,690	1,850,258	129,094	211,442	1,944,790	3,129,722	3,826,159	4,438,764	3,238,540	2,562,546	2,121,426	1,063,193	229,748
Operating Profit	0	0	-966,623	-1,411,862	154,014	154,527	-468,037	-1,106,036	-1,024,950	-1,757,283	-413	463,475	990,132	867,636	777,520
Interest Payable	0	0	37,246	76,304	76,718	83,370	68,596	39,945	28,342	20	4,294	0	0	0	0
Interest Receivable	0	0	0	306	64	1,055	0	207,406	0	1,411	0	2,305	3,236	4,779	3,371
Pre-Tax Profit	0	0	-1,003,869	-1,487,860	77,360	72,212	-538,063	-645,739	-1,053,292	-1,755,892	-4,707	465,781	993,368	872,415	780,892
Tax	0	0	0	0	-14,698	-13,720	0	0	122,621	29,608	43,919	-107,130	-238,408	-226,828	-218,650
Profit After Tax	0	0	-1,003,869	-1,487,860	62,662	58,492	-538,063	-645,739	-930,671	-1,726,284	39,212	358,651	754,960	645,587	562,242
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	-1,003,869	-1,487,860	62,662	58,492	-538,063	-645,739	-930,671	-1,726,284	39,212	358,651	754,960	645,587	562,242
Employee Costs	0	0	1,873,352	2,296,696	1,326,406	1,708,286	1,833,532	2,300,789	3,327,395	3,667,414	2,314,129	2,234,500	2,356,136	1,501,503	807,435
Number Of Employees	1	1	37	49	30	33	34	44	35	30	32	41	43	28	16
EBITDA*	0	0	-910,947	-1,377,801	188,168	226,757	942,100	364,645	-623,006	-1,541,295	153,735	556,873	1,032,955	893,835	786,675

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	0	0	11,358	55,860	44,802	51,745	3,961,006	5,258,519	6,142,679	4,655,010	351,856	433,509	290,047	86,184	56,038
Intangible Assets	0	0	0	0	0	0	121,995	271,994	448,943	306,695	328,209	223,819	151,805	0	0
Investments & Other	0	0	0	0	0	0	0	683,350	1,152,729	0	114,404	114,404	114,404	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	11,358	55,860	44,802	51,745	4,083,001	6,213,863	7,744,351	4,961,705	794,469	771,732	556,256	86,184	56,038
Stock & work in progress	0	0	0	0	0	0	10,848	64,078	205,892	238,446	852,215	739,472	478,509	493,006	184,306
Trade Debtors	0	0	54,080	165,168	131,897	197,062	621,361	316,650	1,209,143	1,091,120	1,578,292	2,363,381	2,331,986	1,523,574	636,450
Group Debtors	0	0	548,561	12,665	503,213	446,257	430,546	0	10	0	12,917	0	0	0	0
Misc Debtors	0	0	107,998	281,392	343,263	112,269	545,834	1,232,957	1,652,489	2,510,059	1,026,696	0	0	0	0
Cash	0	0	36,721	507,998	104,074	24,884	256,519	511,193	6,945	653,681	255,989	190,668	731,476	562,991	1,348,542
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	0	0	747,360	967,223	1,082,447	780,472	1,865,108	2,124,878	3,074,479	4,493,306	3,726,109	3,293,521	3,541,971	2,579,571	2,169,298
total assets	0	0	758,718	1,023,083	1,127,249	832,217	5,948,109	8,338,741	10,818,830	9,455,011	4,520,578	4,065,253	4,098,227	2,665,755	2,225,336
Bank overdraft	0	0	352	9,297	120,009	65,319	124,913	350,362	486,650	458,187	55,680	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	49,684	0	0	0	0	0
Trade Creditors	0	0	173,847	889,821	394,172	631,330	804,811	1,167,285	1,532,498	1,804,088	868,749	1,566,901	2,080,244	1,436,622	1,662,944
Group/Directors Accounts	4,650,673	4,650,673	4,275,099	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	60,596	60,596	0	0	0	0	0
other current liabilities	0	0	179,878	1,808,087	692,582	333,629	1,773,462	3,060,760	2,972,713	1,837,454	1,113,833	0	0	0	0
total current liabilities	4,650,673	4,650,673	4,629,176	2,707,205	1,206,763	1,030,278	2,703,186	4,578,407	5,052,457	4,210,009	2,038,262	1,566,901	2,080,244	1,436,622	1,662,944
loans	0	0	0	1,182,467	1,190,000	1,140,000	1,140,000	330,000	0	0	44,727	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	43,107	106,044	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	6,039,347	4,447,530	0	0	0	0	0
other liabilities	0	0	0	0	109,215	103,330	3,604,806	4,392,154	0	0	0	94,390	0	0	0
provisions	0	0	0	0	0	0	0	0	0	76,838	76,838	82,372	55,044	21,154	0
total long term liabilities	0	0	0	1,182,467	1,299,215	1,243,330	4,744,806	4,722,154	6,082,454	4,630,412	121,565	176,762	55,044	21,154	0
total liabilities	4,650,673	4,650,673	4,629,176	3,889,672	2,505,978	2,273,608	7,447,992	9,300,561	11,134,911	8,840,421	2,159,827	1,743,663	2,135,288	1,457,776	1,662,944
net assets	-4,650,673	-4,650,673	-3,870,458	-2,866,589	-1,378,729	-1,441,391	-1,499,883	-961,820	-316,081	614,590	2,360,751	2,321,590	1,962,939	1,207,979	562,392
total shareholders funds	-4,650,673	-4,650,673	-3,870,458	-2,866,589	-1,378,729	-1,441,391	-1,499,883	-961,820	-316,081	614,590	2,360,751	2,321,590	1,962,939	1,207,979	562,392

	Dec 2023	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	0	0	-966,623	-1,411,862	154,014	154,527	-468,037	-1,106,036	-1,024,950	-1,757,283	-413	463,475	990,132	867,636	777,520
Depreciation	0	0	55,676	34,061	34,154	72,230	1,366,852	1,427,396	379,820	191,259	134,579	81,127	42,823	26,199	9,155
Amortisation	0	0	0	0	0	0	43,285	43,285	22,124	24,729	19,569	12,271	0	0	0
Tax	0	0	0	0	-14,698	-13,720	0	0	122,621	29,608	43,919	-107,130	-238,408	-226,828	-218,650
Stock	0	0	0	0	0	-10,848	-53,230	-141,814	-32,554	-613,769	112,743	260,963	-14,497	308,700	184,306
Debtors	-710,639	-710,639	251,414	-519,148	222,785	-842,153	48,134	-1,312,035	-739,537	983,274	254,524	31,395	808,412	887,124	636,450
Creditors	-173,847	-173,847	-715,974	495,649	-237,158	-173,481	-362,474	-365,213	-271,590	935,339	-698,152	-513,343	643,622	-226,322	1,662,944
Accruals and Deferred Income	-179,878	-179,878	-1,628,209	1,115,505	358,953	-1,439,833	-1,287,298	-5,951,300	2,727,076	5,171,151	1,113,833	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-76,838	0	-5,534	27,328	33,890	21,154	0
Cash flow from operations	356,914	356,914	-3,506,544	752,501	72,480	-547,276	-702,576	-4,498,019	2,650,354	4,225,298	240,534	-328,630	678,144	-733,985	1,410,213
Investing Activities
capital expenditure	11,358	11,358	-11,174	-45,119	-27,211	3,959,026	37,375	347,619	-2,081,940	-4,486,144	-167,319	-308,874	-398,491	-56,345	-65,193
Change in Investments	0	0	0	0	0	0	-683,350	-469,379	1,152,729	-114,404	0	0	114,404	0	0
cash flow from investments	11,358	11,358	-11,174	-45,119	-27,211	3,959,026	720,725	816,998	-3,234,669	-4,371,740	-167,319	-308,874	-512,895	-56,345	-65,193
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-49,684	49,684	0	0	0	0	0
Group/Directors Accounts	375,574	375,574	4,275,099	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-1,182,467	-7,533	50,000	0	810,000	330,000	0	-44,727	44,727	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-103,703	-62,937	166,640	0	0	0	0	0
other long term liabilities	0	0	0	-109,215	5,885	-3,501,476	-787,348	4,392,154	0	0	-94,390	94,390	0	0	0
share issue	-780,215	-780,215	0	0	0	0	0	0	0	-19,877	-51	0	0	0	150
interest	0	0	-37,246	-75,998	-76,654	-82,315	-68,596	167,461	-28,342	1,391	-4,294	2,305	3,236	4,779	3,371
cash flow from financing	-404,641	-404,641	3,055,386	-192,746	-20,769	-3,583,791	-45,944	4,785,912	-140,963	153,111	-54,008	96,695	3,236	4,779	3,521
cash and cash equivalents
cash	-36,721	-36,721	-471,277	403,924	79,190	-231,635	-254,674	504,248	-646,736	397,692	65,321	-540,808	168,485	-785,551	1,348,542
overdraft	-352	-352	-8,945	-110,712	54,690	-59,594	-225,449	-136,288	28,463	402,507	55,680	0	0	0	0
change in cash	-36,369	-36,369	-462,332	514,636	24,500	-172,041	-29,225	640,536	-675,199	-4,815	9,641	-540,808	168,485	-785,551	1,348,542

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HORSEBRIDGE NETWORK SYSTEMS LIMITED group structure

Horsebridge Network Systems Limited has no subsidiary companies.

Ultimate parent company

PERSIMMON PUBLIC LIMITED COMPANY

01818486

PERSIMMON HOLDINGS LIMITED

04100612

2 parents

HORSEBRIDGE NETWORK SYSTEMS LIMITED

04167419

HORSEBRIDGE NETWORK SYSTEMS LIMITED Shareholders

persimmon holdings limited

100%

Horsebridge Network Systems Limited currently has 4 directors. The longest serving directors include Mr Michael Smith (May 2022) and Mr Michael Smith (May 2022).

officer	country	age	start	end	role
Mr Michael Smith	United Kingdom	49 years	May 2022	-	Director
Mr Michael Smith	United Kingdom	49 years	May 2022	-	Director
Mrs Julia Nichols	England	49 years	May 2022	-	Director
Miss Tracy Davison	England	54 years	Feb 2024	-	Director

P&L

December 2023

turnover

-100%

operating profit

-100%

gross margin

turnover

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

Balance Sheet

December 2023

net assets

-4.7m

+0.2%

total assets

-1%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04167419

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

February 2001

accounts

Dormant

ultimate parent company

PERSIMMON PUBLIC LIMITED COMPANY

previous names

N/A

last accounts submitted

December 2023

address

persimmon house fulford, york, YO19 4FE

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 horsebridge network systems limited. Currently there are 0 open charges and 2 have been satisfied in the past.

horsebridge network systems limited Company Information

horsebridge network systems limited Estimated Valuation

horsebridge network systems limited Estimated Valuation

horsebridge network systems limited Estimated Valuation

Horsebridge Network Systems Limited Overview

Horsebridge Network Systems Limited Health Check

HORSEBRIDGE NETWORK SYSTEMS LIMITED financials

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horsebridge network systems limited Ownership

horsebridge network systems limited directors

horsebridge network systems limited company details

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