Pomanda estimates the enterprise value of NET COVERAGE SOLUTIONS LTD at £8.3m based on a Turnover of £8.4m and 0.99x industry multiple (adjusted for size and gross margin).
net coverage solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NET COVERAGE SOLUTIONS LTD at £0 based on an EBITDA of £-1m and a 3.57x industry multiple (adjusted for size and gross margin).
net coverage solutions ltdEstimated Valuation
£3.7m
Pomanda estimates the enterprise value of NET COVERAGE SOLUTIONS LTD at £3.7m based on Net Assets of £1.4m and 2.54x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Net Coverage Solutions LtdOverview
Net Coverage Solutions Ltd is a live company located in surrey, GU15 3BS with a Companies House number of 05127651. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in May 2004, it's largest shareholder is
net holdings ltd
with a 100% stake. Net Coverage Solutions Ltd is a mature,
mid sized company, Pomanda has estimated its turnover at
£8.4m with
low
growth in recent years.
Pomanda's financial health check has awarded Net Coverage Solutions Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
5 Regular
4 Weak
Size
annual sales of £8.4m, make it in line with the average company (£7.3m)
£8.4m - Net Coverage Solutions Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.9%)
4% - Net Coverage Solutions Ltd
6.9% - Industry AVG
Production
with a gross margin of 35.7%, this company has a comparable cost of product (35.7%)
35.7% - Net Coverage Solutions Ltd
35.7% - Industry AVG
Profitability
an operating margin of -13.1% make it less profitable than the average company (2.6%)
-13.1% - Net Coverage Solutions Ltd
2.6% - Industry AVG
Employees
with 48 employees, this is above the industry average (31)
48 - Net Coverage Solutions Ltd
31 - Industry AVG
Pay Structure
on an average salary of £61.8k, the company has an equivalent pay structure (£61.8k)
£61.8k - Net Coverage Solutions Ltd
£61.8k - Industry AVG
Efficiency
resulting in sales per employee of £174.6k, this is equally as efficient (£199.5k)
£174.6k - Net Coverage Solutions Ltd
£199.5k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (47 days)
68 days - Net Coverage Solutions Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (40 days)
45 days - Net Coverage Solutions Ltd
40 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (24 days)
4 days - Net Coverage Solutions Ltd
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (9 weeks)
1 weeks - Net Coverage Solutions Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.6%, this is a similar level of debt than the average (62.2%)
63.6% - Net Coverage Solutions Ltd
62.2% - Industry AVG
NET COVERAGE SOLUTIONS LTD financials
EXPORT
Net Coverage Solutions Ltd's latest turnover from March 2024 is estimated at £8.4 million and the company has net assets of £1.4 million. According to their latest financial statements, Net Coverage Solutions Ltd has 48 employees and maintains cash reserves of £91.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Sep 2011
Mar 2011
Mar 2010
Turnover
8,380,733
9,397,997
11,412,169
7,521,830
7,397,751
11,406,403
13,163,145
8,408,193
8,405,234
7,078,952
3,832,083
4,040,754
2,303,155
1,611,214
2,177,476
1,855,866
Other Income Or Grants
Cost Of Sales
5,391,967
6,055,431
10,229,909
7,136,578
7,053,160
9,129,515
10,937,328
7,020,919
6,534,667
5,041,095
2,919,321
3,195,665
2,026,092
1,269,539
1,860,966
1,520,193
Gross Profit
2,988,766
3,342,566
1,182,260
385,252
344,591
2,276,888
2,225,817
1,387,274
1,870,567
2,037,857
912,762
845,089
277,063
341,675
316,510
335,673
Admin Expenses
4,086,842
2,526,752
1,036,889
601,620
1,210,767
1,233,299
1,182,020
884,445
1,385,554
1,371,817
797,395
762,924
153,625
175,425
545,190
300,895
Operating Profit
-1,098,076
815,814
145,371
-216,368
-866,176
1,043,589
1,043,797
502,829
485,013
666,040
115,367
82,165
123,438
166,250
-228,680
34,778
Interest Payable
7,289
4,756
2,799
185
10,251
14,081
27,914
22,354
12,023
9,562
11,377
10,877
9,129
11,229
22,525
12,754
Interest Receivable
4,308
5,299
5,461
9,779
2,404
5,681
3,781
1,730
257
251
257
382
364
286
703
789
Pre-Tax Profit
-1,101,058
816,357
148,033
-206,774
-874,023
1,031,861
1,019,664
482,205
473,247
656,729
104,247
71,670
114,673
155,307
-250,502
22,813
Tax
-155,108
-38,509
46,252
191,804
-160,901
-72,503
-105,268
-101,168
-139,549
-8,309
-20,607
-1,174
-35,400
-15,997
-6,859
Profit After Tax
-1,101,058
661,249
109,524
-160,522
-682,219
870,960
947,161
376,937
372,079
517,180
95,938
51,063
113,499
119,907
-266,499
15,954
Dividends Paid
850,000
Retained Profit
-1,101,058
661,249
109,524
-160,522
-682,219
870,960
947,161
-473,063
372,079
517,180
95,938
51,063
113,499
119,907
-266,499
15,954
Employee Costs
2,966,300
2,942,678
2,439,250
2,370,597
2,550,873
2,380,908
2,484,491
3,169,346
2,744,000
1,387,107
737,690
949,368
543,356
1,285,512
568,194
559,287
Number Of Employees
48
47
50
51
59
56
64
53
49
26
14
17
10
23
16
13
EBITDA*
-1,028,556
857,083
194,915
-123,893
-766,561
1,134,630
1,103,871
589,481
580,491
768,587
201,489
155,764
148,427
191,564
-195,445
63,739
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Sep 2011
Mar 2011
Mar 2010
Tangible Assets
245,363
185,132
130,384
81,807
126,395
172,309
61,432
81,144
133,083
146,389
166,689
109,331
94,851
86,052
70,938
51,915
Intangible Assets
5,338
10,676
16,014
21,352
26,690
32,028
34,697
37,366
42,704
Investments & Other
100
100
100
100
100
100
100
100
Debtors (Due After 1 year)
Total Fixed Assets
245,463
185,232
130,484
81,907
126,495
172,309
61,532
86,582
143,859
162,403
188,041
136,021
126,879
120,749
108,304
94,619
Stock & work in progress
60,465
95,040
131,571
156,146
345,362
321,603
168,093
154,214
110,770
13,274
26,634
11,854
13,628
5,324
Trade Debtors
1,578,420
1,975,949
2,611,568
2,597,644
1,523,576
1,967,990
1,345,277
1,977,393
2,273,296
1,767,638
611,889
953,574
1,417,297
577,666
426,906
480,627
Group Debtors
420,231
1,152,275
712,114
24,142
24,140
44,095
Misc Debtors
1,565,921
2,620,758
1,067,235
2,017,857
1,458,629
3,369,245
1,554,050
1,197,248
920,263
506,257
315,117
673,429
392,170
261,547
267,728
Cash
91,511
72,588
176,758
176,445
682,225
182,018
1,332,812
225,444
107,186
15,091
39,139
341
89,870
1,579
702
misc current assets
total current assets
3,716,548
5,916,610
4,699,246
4,972,234
4,033,932
4,512,728
6,215,427
3,800,982
3,577,730
2,857,206
1,268,055
1,281,965
2,117,701
1,071,560
703,660
754,381
total assets
3,962,011
6,101,842
4,829,730
5,054,141
4,160,427
4,685,037
6,276,959
3,887,564
3,721,589
3,019,609
1,456,096
1,417,986
2,244,580
1,192,309
811,964
849,000
Bank overdraft
36,786
92,803
151,247
344,772
188,562
321,030
138,412
146,723
Bank loan
Trade Creditors
671,046
1,221,879
1,059,913
1,001,513
782,268
673,541
1,671,604
968,702
708,305
514,233
273,218
131,565
373,828
192,402
167,275
80,673
Group/Directors Accounts
76,048
298,491
226,974
93,108
155,745
51,935
other short term finances
2,027
2,027
149,292
2,027
hp & lease commitments
other current liabilities
1,725,150
2,206,547
1,881,112
2,117,545
1,439,401
2,778,409
1,963,214
1,428,206
1,014,377
499,135
517,976
1,441,224
695,566
230,313
377,421
total current liabilities
2,432,982
3,521,229
2,941,025
3,270,305
2,221,669
2,060,559
4,528,088
3,081,208
2,437,029
2,100,356
1,054,023
1,126,316
2,005,399
887,968
397,588
604,817
loans
178,659
837,524
400,832
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
86,478
37,004
6,345
11,000
5,400
4,254
8,900
14,041
20,813
20,813
6,348
4,923
4,923
total long term liabilities
86,478
37,004
6,345
11,000
5,400
8,901
4,254
8,900
14,041
20,813
20,813
6,348
4,923
183,582
837,524
400,832
total liabilities
2,519,460
3,558,233
2,947,370
3,281,305
2,227,069
2,069,460
4,532,342
3,090,108
2,451,070
2,121,169
1,074,836
1,132,664
2,010,322
1,071,550
1,235,112
1,005,649
net assets
1,442,551
2,543,609
1,882,360
1,772,836
1,933,358
2,615,577
1,744,617
797,456
1,270,519
898,440
381,260
285,322
234,258
120,759
-423,148
-156,649
total shareholders funds
1,442,551
2,543,609
1,882,360
1,772,836
1,933,358
2,615,577
1,744,617
797,456
1,270,519
898,440
381,260
285,322
234,258
120,759
-423,148
-156,649
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Sep 2011
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-1,098,076
815,814
145,371
-216,368
-866,176
1,043,589
1,043,797
502,829
485,013
666,040
115,367
82,165
123,438
166,250
-228,680
34,778
Depreciation
69,520
41,269
49,544
92,475
99,615
91,041
54,736
81,314
90,140
97,209
80,784
68,261
22,320
22,645
27,897
23,623
Amortisation
5,338
5,338
5,338
5,338
5,338
5,338
2,669
2,669
5,338
5,338
Tax
-155,108
-38,509
46,252
191,804
-160,901
-72,503
-105,268
-101,168
-139,549
-8,309
-20,607
-1,174
-35,400
-15,997
-6,859
Stock
-34,575
-36,531
-24,575
-189,216
23,759
153,510
168,093
-154,214
43,444
97,496
-13,360
14,780
6,530
8,304
5,324
Debtors
-2,184,410
1,358,065
-248,726
1,633,298
1,038,355
-2,746,532
1,138,984
104,994
782,643
1,569,755
-150,545
-822,035
1,120,890
221,481
-59,902
748,355
Creditors
-550,833
161,966
58,400
219,245
108,727
-998,063
702,902
260,397
194,072
241,015
141,653
-242,263
181,426
111,729
86,602
80,673
Accruals and Deferred Income
-481,397
325,435
-236,433
678,144
1,439,401
-2,778,409
815,195
535,008
413,829
515,242
-18,841
-923,248
745,658
318,145
-147,108
377,421
Deferred Taxes & Provisions
49,474
30,659
-4,655
5,600
5,400
-4,254
-4,646
-5,141
-6,772
14,465
1,425
4,923
Cash flow from operations
207,673
-101,499
247,019
-618,734
-83,343
-213,975
1,237,742
1,169,483
452,023
-227,904
383,506
-193,534
-61,333
362,950
-220,350
-238,705
Investing Activities
capital expenditure
-129,751
-96,017
-98,121
-47,887
-53,701
-201,918
-35,024
-29,375
-76,834
-76,909
-138,142
-82,741
-31,119
-37,759
-45,611
-28,581
Change in Investments
100
-100
100
cash flow from investments
-129,751
-96,017
-98,121
-47,887
-53,801
-201,818
-35,024
-29,375
-76,934
-76,909
-138,142
-82,741
-31,119
-37,759
-45,611
-28,581
Financing Activities
Bank loans
Group/Directors Accounts
-76,048
76,048
-298,491
71,517
133,866
-62,637
103,810
51,935
Other Short Term Loans
-2,027
-147,265
147,265
2,027
Long term loans
-178,659
-222,173
436,692
400,832
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1
157,501
-172,603
interest
-2,981
543
2,662
9,594
-7,847
-8,400
-24,133
-20,624
-11,766
-9,311
-11,120
-10,495
-8,765
-10,943
-21,822
-11,965
cash flow from financing
-2,981
543
2,662
9,594
-9,874
-84,448
-95,350
-171,850
61,778
124,555
-73,757
93,316
-135,489
-75,615
414,870
216,264
cash and cash equivalents
cash
18,923
-104,170
313
-505,780
500,207
-1,150,794
1,107,368
118,258
92,095
-24,048
39,139
-341
-89,529
89,168
877
702
overdraft
-56,017
92,803
-151,247
151,247
-344,772
156,210
-132,468
182,618
138,412
-146,723
-146,723
146,723
change in cash
74,940
-196,973
151,560
-657,027
500,207
-1,150,794
1,107,368
118,258
436,867
-180,258
171,607
-182,959
-227,941
235,891
147,600
-146,021
net coverage solutions ltd 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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Perform a competitor analysis for net coverage solutions ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in GU15 area or any other competitors across 12 key performance metrics.
net coverage solutions ltd Ownership
NET COVERAGE SOLUTIONS LTD group structure
Net Coverage Solutions Ltd has 1 subsidiary company.
The sole shareholder of Net Coverage Solutions Ltd is Net Holdings Ltd.
net holdings ltd
100%
net coverage solutions ltd directors
Net Coverage Solutions Ltd currently has 6 directors.
The longest serving directors include
Mr Peter Morrell Brown (Jan 2006) and
Mr Gary Duke (Oct 2008).
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 net coverage solutions ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
net coverage solutions ltd 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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net coverage solutions ltdCompanies House Filings - See Documents
