advancenet europe limited
advancenet europe limited Company Information
Company Number
04565212
Next Accounts
Feb 2026
Shareholders
sean desmond d'alessandro & nicola michelle d'alessandro
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
14 london street, andover, hampshire, SP10 2PA
Website
-advancenet europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCENET EUROPE LIMITED at £617.5k based on a Turnover of £843.6k and 0.73x industry multiple (adjusted for size and gross margin).
advancenet europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCENET EUROPE LIMITED at £0 based on an EBITDA of £-135.2k and a 4.98x industry multiple (adjusted for size and gross margin).
advancenet europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCENET EUROPE LIMITED at £1.4m based on Net Assets of £628.5k and 2.25x industry multiple (adjusted for liquidity).
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Advancenet Europe Limited Overview
Advancenet Europe Limited is a live company located in hampshire, SP10 2PA with a Companies House number of 04565212. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 2002, it's largest shareholder is sean desmond d'alessandro & nicola michelle d'alessandro with a 100% stake. Advancenet Europe Limited is a mature, small sized company, Pomanda has estimated its turnover at £843.6k with low growth in recent years.
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Advancenet Europe Limited Health Check
Pomanda's financial health check has awarded Advancenet Europe Limited a 4.5 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
4 Strong
3 Regular
4 Weak
Size
annual sales of £843.6k, make it smaller than the average company (£7.6m)
- Advancenet Europe Limited
£7.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9.3%)
- Advancenet Europe Limited
9.3% - Industry AVG
Production
with a gross margin of 49.8%, this company has a comparable cost of product (49.8%)
- Advancenet Europe Limited
49.8% - Industry AVG
Profitability
an operating margin of -16.1% make it less profitable than the average company (4%)
- Advancenet Europe Limited
4% - Industry AVG
Employees
with 5 employees, this is below the industry average (43)
5 - Advancenet Europe Limited
43 - Industry AVG
Pay Structure
on an average salary of £72.7k, the company has an equivalent pay structure (£72.7k)
- Advancenet Europe Limited
£72.7k - Industry AVG
Efficiency
resulting in sales per employee of £168.7k, this is equally as efficient (£179.1k)
- Advancenet Europe Limited
£179.1k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (50 days)
- Advancenet Europe Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 227 days, this is slower than average (34 days)
- Advancenet Europe Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Advancenet Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (13 weeks)
37 weeks - Advancenet Europe Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.6%, this is a lower level of debt than the average (63%)
37.6% - Advancenet Europe Limited
63% - Industry AVG
ADVANCENET EUROPE LIMITED financials
Advancenet Europe Limited's latest turnover from May 2024 is estimated at £843.6 thousand and the company has net assets of £628.5 thousand. According to their latest financial statements, Advancenet Europe Limited has 5 employees and maintains cash reserves of £272.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | ||||||||||||||||
| Tax | ||||||||||||||||
| Profit After Tax | ||||||||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | ||||||||||||||||
| Employee Costs | ||||||||||||||||
| Number Of Employees | 5 | 3 | 3 | 2 | 2 | 2 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,999 | 206 | 206 | 206 | 234,890 | 234,890 | 238,624 | 12,248 | 20,762 | |||||||
| Intangible Assets | ||||||||||||||||
| Investments & Other | 416,943 | 410,000 | 387,291 | 361,921 | 234,889 | 164,062 | 125,901 | |||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 418,942 | 410,206 | 387,497 | 362,127 | 234,890 | 234,890 | 238,624 | 247,137 | 184,824 | 125,901 | ||||||
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 86,450 | 111,267 | 125,156 | 183,973 | 1,405,538 | 101,691 | 110,122 | 87,614 | 29,288 | 143,994 | 4,935 | 302 | 1,495 | 43,108 | ||
| Group Debtors | ||||||||||||||||
| Misc Debtors | 228,498 | 204,671 | 139,392 | 56,380 | ||||||||||||
| Cash | 272,815 | 435,507 | 455,538 | 525,726 | 37,729 | 96,939 | 232,934 | 190,380 | 118,214 | 26,388 | 15,880 | |||||
| misc current assets | ||||||||||||||||
| total current assets | 587,763 | 751,445 | 720,086 | 766,079 | 1,405,538 | 101,691 | 110,122 | 87,614 | 67,017 | 240,933 | 237,869 | 190,682 | 118,214 | 27,883 | 58,988 | |
| total assets | 1,006,705 | 1,161,651 | 1,107,583 | 1,128,206 | 1,405,538 | 336,581 | 345,012 | 326,238 | 314,154 | 425,757 | 363,770 | 190,682 | 118,214 | 27,883 | 58,988 | |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 263,368 | 223,297 | 198,135 | 85,926 | 841,779 | 765,039 | 981,923 | 664,276 | 532,224 | 434,202 | 352,508 | 215,833 | 135,953 | 15,891 | 44,536 | |
| Group/Directors Accounts | 27,449 | 19,987 | ||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 114,828 | 186,733 | 231,635 | 413,371 | ||||||||||||
| total current liabilities | 378,196 | 410,030 | 429,770 | 499,297 | 841,779 | 765,039 | 981,923 | 664,276 | 532,224 | 434,202 | 352,508 | 215,833 | 135,953 | 43,340 | 64,523 | |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | 45,403 | 17,457 | 27,041 | |||||||||||||
| other liabilities | ||||||||||||||||
| provisions | 5,677 | |||||||||||||||
| total long term liabilities | 5,677 | 45,403 | 17,457 | 26,202 | 27,041 | |||||||||||
| total liabilities | 378,196 | 415,707 | 429,770 | 499,297 | 887,182 | 782,496 | 1,008,125 | 691,317 | 532,224 | 434,202 | 352,508 | 215,833 | 135,953 | 43,340 | 64,523 | |
| net assets | 628,509 | 745,944 | 677,813 | 628,909 | 518,356 | -445,915 | -663,113 | -365,079 | -218,070 | -8,445 | 11,262 | -25,151 | -17,739 | -15,457 | -5,535 | |
| total shareholders funds | 628,509 | 745,944 | 677,813 | 628,909 | 518,356 | -445,915 | -663,113 | -365,079 | -218,070 | -8,445 | 11,262 | -25,151 | -17,739 | -15,457 | -5,535 |
| May 2024 | May 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Depreciation | 871 | 8,514 | 4,695 | |||||||||||||
| Amortisation | ||||||||||||||||
| Tax | ||||||||||||||||
| Stock | ||||||||||||||||
| Debtors | -990 | 51,390 | 24,195 | -1,165,185 | 1,303,847 | -8,431 | 22,508 | 58,326 | -114,706 | 139,059 | 4,633 | 302 | -1,495 | -41,613 | 43,108 | |
| Creditors | 40,071 | 25,162 | 112,209 | -755,853 | 76,740 | -216,884 | 317,647 | 132,052 | 98,022 | 81,694 | 136,675 | 79,880 | 120,062 | -28,645 | 44,536 | |
| Accruals and Deferred Income | -71,905 | -44,902 | -181,736 | 367,968 | 27,946 | 17,457 | -27,041 | 27,041 | ||||||||
| Deferred Taxes & Provisions | -5,677 | 5,677 | ||||||||||||||
| Cash flow from operations | ||||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 6,943 | 22,709 | 25,370 | 361,921 | -234,889 | 70,827 | 38,161 | 125,901 | ||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | -27,449 | 7,462 | 19,987 | |||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | ||||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -162,692 | -20,031 | -70,188 | 525,726 | -37,729 | -59,210 | -135,995 | 42,554 | 72,166 | 91,826 | 10,508 | 15,880 | ||||
| overdraft | ||||||||||||||||
| change in cash | -162,692 | -20,031 | -70,188 | 525,726 | -37,729 | -59,210 | -135,995 | 42,554 | 72,166 | 91,826 | 10,508 | 15,880 |
advancenet europe limited Credit Report and Business Information
Advancenet Europe Limited Competitor Analysis
Perform a competitor analysis for advancenet europe limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SP10 area or any other competitors across 12 key performance metrics.
advancenet europe limited Ownership
ADVANCENET EUROPE LIMITED group structure
Advancenet Europe Limited has no subsidiary companies.
Ultimate parent company
ADVANCENET EUROPE LIMITED
04565212
advancenet europe limited directors
Advancenet Europe Limited currently has 2 directors. The longest serving directors include Mr Sean D'Alessandro (Jun 2017) and Mrs Nicola D'Alessandro (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean D'Alessandro | United Kingdom | 49 years | Jun 2017 | - | Director |
| Mrs Nicola D'Alessandro | United Kingdom | 46 years | Jun 2017 | - | Director |
P&L
May 2024turnover
843.6k
+14%
operating profit
-136k
0%
gross margin
49.9%
-0.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
628.5k
-0.16%
total assets
1m
-0.13%
cash
272.8k
-0.37%
net assets
Total assets minus all liabilities
Similar Companies
advancenet europe limited company details
company number
04565212
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
October 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
HYSONS
auditor
-
address
14 london street, andover, hampshire, SP10 2PA
Bank
-
Legal Advisor
-
advancenet europe 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 did not find charges/mortgages relating to advancenet europe limited.
advancenet europe limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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advancenet europe limited Companies House Filings - See Documents
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