Glemnet Limited

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glemnet limited Company Information

Live

MatureSmallDeclining

Company Number

04308716

Website

www.glemnet.com

Registered Address

glebe farm down street, dummer, hampshire, RG25 2AD

Industry

Other telecommunications activities

Telephone

02086390230

Next Accounts Due

December 2024

Group Structure

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Directors

David Phillips1 Years

Paul Bradford1 Years

View All

Shareholders

glemstone telecommunications ltd 100%

glemnet limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of GLEMNET LIMITED at £1.6m based on a Turnover of £1.6m and 0.97x industry multiple (adjusted for size and gross margin).

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Glemnet Limited is a live company located in hampshire, RG25 2AD with a Companies House number of 04308716. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in October 2001, it's largest shareholder is glemstone telecommunications ltd with a 100% stake. Glemnet Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£11.7m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.5%)

EXPORT

Glemnet Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £338.2 thousand. According to their latest financial statements, Glemnet Limited has 14 employees and maintains cash reserves of £671 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,617,192	2,024,883	2,310,431	2,068,533	2,155,355	2,335,252	2,028,063	2,105,184	3,885,251	4,932,542	7,035,000	6,168,359	5,449,197	5,606,790	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,000,153	1,266,621	1,450,486	1,235,707	1,288,118	1,392,629	1,207,583	1,264,522	2,387,613	3,067,484	4,366,564	3,761,149	3,323,696	3,507,769	0
Gross Profit	617,038	758,262	859,944	832,826	867,237	942,623	820,480	840,662	1,497,638	1,865,058	2,668,436	2,407,210	2,125,501	2,099,020	0
Admin Expenses	653,255	829,395	957,733	806,202	820,865	1,021,712	957,000	780,666	1,733,875	2,038,387	2,766,715	2,131,929	1,804,597	1,719,549	-537,295
Operating Profit	-36,217	-71,133	-97,789	26,624	46,372	-79,089	-136,520	59,996	-236,237	-173,329	-98,279	275,281	320,904	379,471	537,295
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	26,669	7,682	716	651	2,755	1,338	684	1,561	2,018	1,787	2,087	2,749	2,456	1,202	155
Pre-Tax Profit	-9,548	-63,451	-97,073	27,275	49,127	-77,751	-135,836	61,556	-234,219	-171,542	-96,192	278,030	323,359	380,672	537,450
Tax	0	0	0	-5,182	-9,334	0	0	-12,311	0	0	0	-66,727	-84,073	-106,588	-150,486
Profit After Tax	-9,548	-63,451	-97,073	22,093	39,793	-77,751	-135,836	49,245	-234,219	-171,542	-96,192	211,303	239,286	274,084	386,964
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-9,548	-63,451	-97,073	22,093	39,793	-77,751	-135,836	49,245	-234,219	-171,542	-96,192	211,303	239,286	274,084	386,964
Employee Costs	815,038	1,022,016	1,209,143	1,306,795	1,310,571	1,313,718	1,262,122	1,180,659	878,993	1,121,822	1,554,394	1,289,537	1,204,239	1,230,851	0
Number Of Employees	14	18	23	24	24	24	25	23	17	22	32	28	26	27	0
EBITDA*	-12,617	-32,454	-60,155	49,271	65,100	-60,997	-116,096	94,863	-214,015	-150,198	-73,038	294,795	337,223	402,382	565,735

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	53,086	65,350	87,028	90,070	95,466	107,931	126,023	146,447	138,893	43,725	61,181	86,419	76,717	62,499	78,141
Intangible Assets	19,833	31,169	48,170	65,171	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	72,919	96,519	135,198	155,241	95,466	107,931	126,023	146,447	138,893	43,725	61,181	86,419	76,717	62,499	78,141
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	92,623	132,685	143,885	65,539	93,433	150,571	83,776	124,257	568,456	803,549	1,163,269	992,428	837,835	792,399	696,107
Group Debtors	0	0	0	0	0	169,457	186,345	303,759	0	0	0	0	0	0	0
Misc Debtors	468,799	529,128	219,260	145,318	224,189	165,571	148,245	240,892	0	0	0	0	0	0	0
Cash	671,045	583,954	645,209	787,473	514,718	220,070	314,956	232,404	391,795	415,446	299,193	535,793	563,801	418,579	62,041
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,232,467	1,245,767	1,008,354	998,330	832,340	705,669	733,322	901,312	960,251	1,218,995	1,462,462	1,528,221	1,401,636	1,210,978	758,148
total assets	1,305,386	1,342,286	1,143,552	1,153,571	927,806	813,600	859,345	1,047,759	1,099,144	1,262,720	1,523,643	1,614,640	1,478,353	1,273,477	836,289
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	207,511	150,217	193,071	156,256	135,360	119,850	111,363	132,287	463,929	417,817	507,198	502,003	577,019	611,429	448,325
Group/Directors Accounts	159,608	159,608	159,608	159,007	85,440	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	0	0	0	0	0	0	0
other current liabilities	584,113	668,759	365,465	312,967	204,802	227,479	203,720	228,609	0	0	0	0	0	0	0
total current liabilities	951,232	978,584	718,144	628,230	425,602	347,329	315,083	360,896	463,929	417,817	507,198	502,003	577,019	611,429	448,325
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	15,998	15,998	14,253	17,113	16,069	19,929	20,169	26,934	24,531	0	0	0	0	0	0
total long term liabilities	15,998	15,998	14,253	17,113	16,069	19,929	20,169	26,934	24,531	0	0	0	0	0	0
total liabilities	967,230	994,582	732,397	645,343	441,671	367,258	335,252	387,830	488,460	417,817	507,198	502,003	577,019	611,429	448,325
net assets	338,156	347,704	411,155	508,228	486,135	446,342	524,093	659,929	610,684	844,903	1,016,445	1,112,637	901,334	662,048	387,964
total shareholders funds	338,156	347,704	411,155	508,228	486,135	446,342	524,093	659,929	610,684	844,903	1,016,445	1,112,637	901,334	662,048	387,964

	Mar 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-36,217	-71,133	-97,789	26,624	46,372	-79,089	-136,520	59,996	-236,237	-173,329	-98,279	275,281	320,904	379,471	537,295
Depreciation	12,264	21,678	20,633	19,813	18,728	18,092	20,424	34,867	22,222	23,131	25,241	19,514	16,319	22,911	28,440
Amortisation	11,336	17,001	17,001	2,834	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-5,182	-9,334	0	0	-12,311	0	0	0	-66,727	-84,073	-106,588	-150,486
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-100,391	298,668	152,288	-106,765	-167,977	67,233	-250,542	100,452	-235,093	-359,720	170,841	154,593	45,436	96,292	696,107
Creditors	57,294	-42,854	36,815	20,896	15,510	8,487	-20,924	-331,642	46,112	-89,381	5,195	-75,016	-34,410	163,104	448,325
Accruals and Deferred Income	-84,646	303,294	52,498	108,165	-22,677	23,759	-24,889	228,609	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	1,745	-2,860	1,044	-3,860	-240	-6,765	2,403	24,531	0	0	0	0	0	0
Cash flow from operations	60,422	-68,937	-125,990	280,959	212,716	-96,224	81,868	-118,530	91,721	120,141	-238,684	-1,541	173,304	362,606	167,467
Investing Activities
capital expenditure	0	0	-17,591	-82,422	-6,263	0	0	-42,421	-117,390	-5,675	-3	-29,216	-30,537	-7,269	-106,581
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-17,591	-82,422	-6,263	0	0	-42,421	-117,390	-5,675	-3	-29,216	-30,537	-7,269	-106,581
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	601	73,567	85,440	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	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	0	0	0	0	0	0	0	0	0	1,000
interest	26,669	7,682	716	651	2,755	1,338	684	1,561	2,018	1,787	2,087	2,749	2,456	1,202	155
cash flow from financing	26,669	7,682	1,317	74,218	88,195	1,338	684	1,561	2,018	1,787	2,087	2,749	2,456	1,202	1,155
cash and cash equivalents
cash	87,091	-61,255	-142,264	272,755	294,648	-94,886	82,552	-159,391	-23,651	116,253	-236,600	-28,008	145,222	356,538	62,041
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	87,091	-61,255	-142,264	272,755	294,648	-94,886	82,552	-159,391	-23,651	116,253	-236,600	-28,008	145,222	356,538	62,041

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLEMNET LIMITED group structure

Glemnet Limited has no subsidiary companies.

Ultimate parent company

SAINT TOPCO LIMITED

13567332

GLEMSTONE TELECOMMUNICATIONS LIMITED

05502124

2 parents

GLEMNET LIMITED

04308716

GLEMNET LIMITED Shareholders

glemstone telecommunications ltd

100%

Glemnet Limited currently has 7 directors. The longest serving directors include Mr David Phillips (Jul 2023) and Mr Paul Bradford (Jul 2023).

officer	country	age	start	end	role
Mr David Phillips	England	56 years	Jul 2023	-	Director
Mr Paul Bradford	United Kingdom	56 years	Jul 2023	-	Director
Mr Matthew Kirk	United Kingdom	54 years	Jul 2023	-	Director
Mr James Wilson	United Kingdom	58 years	Jul 2023	-	Director
Mr Mathew Kirk	United Kingdom	54 years	Jul 2023	-	Director
Mr David Philips		56 years	Jul 2023	-	Director
Mrs Michelle Moody	United Kingdom	56 years	Jul 2023	-	Director

P&L

March 2023

turnover

1.6m

-20%

operating profit

-36.2k

gross margin

38.2%

+1.89%

turnover

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

Balance Sheet

March 2023

net assets

338.2k

-0.03%

total assets

1.3m

-0.03%

cash

671k

+0.15%

net assets

Total assets minus all liabilities

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company number

04308716

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

October 2001

ultimate parent company

SAINT TOPCO LIMITED

previous names

N/A

address

glebe farm down street, dummer, hampshire, RG25 2AD

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 glemnet limited. Currently there are 1 open charges and 4 have been satisfied in the past.

glemnet limited Company Information

glemnet limited Estimated Valuation

glemnet limited Estimated Valuation

glemnet limited Estimated Valuation

Glemnet Limited Overview

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