Propeller Communications Ltd

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propeller communications ltd Company Information

Live

MatureMidHigh

Company Number

04236148

Website

http://propcom.co.uk

Registered Address

42 colebrooke row, london, N1 8AF

Industry

Other information technology and computer service activities

Telephone

02078362736

Next Accounts Due

June 2025

Group Structure

View All

Directors

Richard Bruton23 Years

Shareholders

spinnaker group ltd 100%

propeller communications ltd Estimated Valuation

£10.6m

Pomanda estimates the enterprise value of PROPELLER COMMUNICATIONS LTD at £10.6m based on Net Assets of £4.6m and 2.3x industry multiple (adjusted for liquidity).

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Propeller Communications Ltd is a live company located in london, N1 8AF with a Companies House number of 04236148. It operates in the other information technology service activities sector, SIC Code 62090. Founded in June 2001, it's largest shareholder is spinnaker group ltd with a 100% stake. Propeller Communications Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5m with high growth in recent years.

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

Health Rating5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £5m, make it smaller than the average company (£6.7m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.5%)

EXPORT

Propeller Communications Ltd's latest turnover from September 2023 is estimated at £5 million and the company has net assets of £4.6 million. According to their latest financial statements, Propeller Communications Ltd has 32 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	5,019,359	3,007,302	3,157,103	3,142,769	4,508,765	6,060,752	6,773,835	4,699,954	7,083,225	6,257,737	2,894,722	2,418,722	5,513,636	1,652,071	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,526,367	1,451,007	1,555,693	1,494,860	2,123,598	2,798,869	3,114,367	2,144,450	3,298,466	2,919,652	194,603	190,876	2,560,492	751,756	0
Gross Profit	2,492,992	1,556,295	1,601,410	1,647,909	2,385,167	3,261,882	3,659,468	2,555,504	3,784,759	3,338,085	2,700,119	2,227,846	2,953,144	900,315	0
Admin Expenses	1,644,365	663,275	282,955	1,478,029	2,684,955	2,384,380	3,334,379	2,784,016	3,983,240	2,733,076	2,253,430	1,802,409	3,031,003	688,242	-1,102,512
Operating Profit	848,627	893,020	1,318,455	169,880	-299,788	877,502	325,089	-228,512	-198,481	605,009	446,689	425,437	-77,859	212,073	1,102,512
Interest Payable	0	0	6,100	12,200	13,500	13,500	12,500	6,250	0	0	14,000	14,000	0	0	0
Interest Receivable	77,835	30,626	900	466	3,480	5,966	2,453	2,524	4,997	3,487	24	0	1,619	1,356	542
Pre-Tax Profit	926,463	923,646	1,313,254	158,146	-309,808	869,968	315,042	-232,238	-193,484	608,496	432,713	411,437	-76,240	213,429	1,103,054
Tax	-231,616	-175,493	-249,518	-30,048	0	-165,294	-59,858	0	0	-127,784	-106,499	-100,891	0	-59,760	-308,855
Profit After Tax	694,847	748,153	1,063,736	128,098	-309,808	704,674	255,184	-232,238	-193,484	480,712	326,214	310,546	-76,240	153,669	794,199
Dividends Paid	0	0	0	0	0	0	0	0	0	0	120,000	177,280	0	0	0
Retained Profit	694,847	748,153	1,063,736	128,098	-309,808	704,674	255,184	-232,238	-193,484	480,712	206,214	133,266	-76,240	153,669	794,199
Employee Costs	2,221,519	1,734,111	1,739,901	2,020,824	3,396,076	4,566,111	4,276,397	2,400,848	2,583,947	2,188,208	1,011,875	867,981	1,887,806	627,635	0
Number Of Employees	32	27	28	35	59	82	79	45	48	41	20	17	38	13	0
EBITDA*	867,497	902,536	1,349,637	206,880	-246,907	926,685	400,941	-162,367	-139,663	662,633	503,571	464,388	-42,336	254,966	1,149,294

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	321,893	322,697	317,068	341,439	379,685	420,922	443,426	450,057	452,770	464,531	473,303	412,886	408,095	436,324	440,391
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	321,893	322,697	317,068	341,439	379,685	420,922	443,426	450,057	452,770	464,531	473,303	412,886	408,095	436,324	440,391
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	976,780	488,505	522,668	420,186	512,646	663,866	1,002,130	523,850	1,173,478	1,126,836	1,055,363	856,449	868,543	214,664	163,686
Group Debtors	1,899,493	1,538,927	1,308,572	984,214	1,005,073	0	0	0	0	0	0	0	0	549,254	548,142
Misc Debtors	217,127	315,795	298,291	266,341	242,172	1,415,490	681,204	643,868	0	0	0	0	0	0	0
Cash	1,661,054	1,452,355	1,269,939	529,356	402,446	525,509	1,065,378	897,261	1,122,067	876,816	518,043	358,316	322,161	325,523	216,806
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,754,454	3,795,582	3,399,470	2,200,097	2,162,337	2,604,865	2,748,712	2,064,979	2,295,545	2,003,652	1,573,406	1,214,765	1,190,704	1,089,441	928,634
total assets	5,076,347	4,118,279	3,716,538	2,541,536	2,542,022	3,025,787	3,192,138	2,515,036	2,748,315	2,468,183	2,046,709	1,627,651	1,598,799	1,525,765	1,369,025
Bank overdraft	0	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	0
Trade Creditors	29,150	27,471	36,650	30,209	15,908	157,008	30,070	0	1,218,918	747,238	807,418	604,171	702,755	549,718	551,905
Group/Directors Accounts	0	0	106,470	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	200,000	200,000	200,000	200,000	200,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	438,346	177,952	411,064	216,103	346,438	384,394	1,412,601	1,048,838	0	0	0	0	0	0	0
total current liabilities	467,496	205,423	554,184	446,312	562,346	741,402	1,642,671	1,248,838	1,218,918	747,238	807,418	604,171	702,755	549,718	551,905
loans	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	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	29,769	28,621	26,272	22,878	35,428	30,329	28,085	0	30,961	29,025	28,083	18,486	24,316	28,079	22,821
total long term liabilities	29,769	28,621	26,272	22,878	35,428	30,329	28,085	0	30,961	29,025	28,083	18,486	24,316	28,079	22,821
total liabilities	497,265	234,044	580,456	469,190	597,774	771,731	1,670,756	1,248,838	1,249,879	776,263	835,501	622,657	727,071	577,797	574,726
net assets	4,579,082	3,884,235	3,136,082	2,072,346	1,944,248	2,254,056	1,521,382	1,266,198	1,498,436	1,691,920	1,211,208	1,004,994	871,728	947,968	794,299
total shareholders funds	4,579,082	3,884,235	3,136,082	2,072,346	1,944,248	2,254,056	1,521,382	1,266,198	1,498,436	1,691,920	1,211,208	1,004,994	871,728	947,968	794,299

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	848,627	893,020	1,318,455	169,880	-299,788	877,502	325,089	-228,512	-198,481	605,009	446,689	425,437	-77,859	212,073	1,102,512
Depreciation	18,870	9,516	31,182	37,000	52,881	49,183	75,852	66,145	58,818	57,624	56,882	38,951	35,523	42,893	46,782
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-231,616	-175,493	-249,518	-30,048	0	-165,294	-59,858	0	0	-127,784	-106,499	-100,891	0	-59,760	-308,855
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	750,173	213,696	458,790	-89,150	-319,465	396,022	515,616	-5,760	46,642	71,473	198,914	-12,094	104,625	52,090	711,828
Creditors	1,679	-9,179	6,441	14,301	-141,100	126,938	30,070	-1,218,918	471,680	-60,180	203,247	-98,584	153,037	-2,187	551,905
Accruals and Deferred Income	260,394	-233,112	194,961	-130,335	-37,956	-1,028,207	363,763	1,048,838	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,148	2,349	3,394	-12,550	5,099	2,244	28,085	-30,961	1,936	942	9,597	-5,830	-3,763	5,258	22,821
Cash flow from operations	148,929	273,405	846,125	137,398	-101,399	-533,656	247,385	-357,648	287,311	404,138	411,002	271,177	2,313	146,187	703,337
Investing Activities
capital expenditure	-18,066	-15,145	-6,811	1,246	-11,644	-26,679	-69,221	-63,432	-47,057	-48,852	-117,299	-43,742	-7,294	-38,826	-487,173
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-18,066	-15,145	-6,811	1,246	-11,644	-26,679	-69,221	-63,432	-47,057	-48,852	-117,299	-43,742	-7,294	-38,826	-487,173
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-106,470	106,470	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	-200,000	0	0	0	0	200,000	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	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	0
share issue	0	0	0	0	0	28,000	0	0	0	0	0	0	0	0	100
interest	77,835	30,626	-5,200	-11,734	-10,020	-7,534	-10,047	-3,726	4,997	3,487	-13,976	-14,000	1,619	1,356	542
cash flow from financing	77,835	-75,844	-98,730	-11,734	-10,020	20,466	-10,047	196,274	4,997	3,487	-13,976	-14,000	1,619	1,356	642
cash and cash equivalents
cash	208,699	182,416	740,583	126,910	-123,063	-539,869	168,117	-224,806	245,251	358,773	159,727	36,155	-3,362	108,717	216,806
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	208,699	182,416	740,583	126,910	-123,063	-539,869	168,117	-224,806	245,251	358,773	159,727	36,155	-3,362	108,717	216,806

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROPELLER COMMUNICATIONS LTD group structure

Propeller Communications Ltd has no subsidiary companies.

Ultimate parent company

SPINNAKER GROUP LTD

11169997

1 parent

PROPELLER COMMUNICATIONS LTD

04236148

PROPELLER COMMUNICATIONS LTD Shareholders

spinnaker group ltd

100%

Propeller Communications Ltd currently has 1 director, Mr Richard Bruton serving since Jun 2001.

officer	country	age	start	end	role
Mr Richard Bruton	England	51 years	Jun 2001	-	Director

P&L

September 2023

turnover

+67%

operating profit

848.6k

gross margin

49.7%

-4.03%

turnover

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

Balance Sheet

September 2023

net assets

4.6m

+0.18%

total assets

5.1m

+0.23%

cash

1.7m

+0.14%

net assets

Total assets minus all liabilities

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company number

04236148

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

June 2001

accounts

Total Exemption Full

ultimate parent company

SPINNAKER GROUP LTD

previous names

N/A

last accounts submitted

September 2023

address

42 colebrooke row, london, N1 8AF

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 5 charges/mortgages relating to propeller communications ltd. Currently there are 3 open charges and 2 have been satisfied in the past.

propeller communications ltd Company Information

propeller communications ltd Estimated Valuation

propeller communications ltd Estimated Valuation

propeller communications ltd Estimated Valuation

Propeller Communications Ltd Overview

Propeller Communications Ltd Health Check

PROPELLER COMMUNICATIONS LTD financials

propeller communications ltd Credit Report and Business Information

Propeller Communications Ltd Competitor Analysis

propeller communications ltd Ownership

propeller communications ltd directors

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propeller communications ltd Charges & Mortgages

propeller communications ltd Companies House Filings - See Documents