Telit Communications Limited

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telit communications limited Company Information

Live

MatureLargeDeclining

Company Number

05300693

Next Accounts

118 days late

Industry

Other telecommunications activities

Directors

Paolo Dal Pino

Eyal Shefer

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Shareholders

telit iot ltd

Group Structure

View All

Contact

Registered Address

cannon place, 78 cannon street, london, EC4N 6AF

Website

www.telit.com

telit communications limited Estimated Valuation

£556.8m

Pomanda estimates the enterprise value of TELIT COMMUNICATIONS LIMITED at £556.8m based on Net Assets of £220.2m and 2.53x industry multiple (adjusted for liquidity).

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Telit Communications Limited is a live company located in london, EC4N 6AF with a Companies House number of 05300693. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2004, it's largest shareholder is telit iot ltd with a 100% stake. Telit Communications Limited is a mature, large sized company, Pomanda has estimated its turnover at £31.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Telit Communications Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

0 Regular

8 Weak

Size

annual sales of £31.4m, make it larger than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of -52%, show it is growing at a slower rate (3.2%)

EXPORT

Telit Communications Limited's latest turnover from December 2022 is £31.4 million and the company has net assets of £220.2 million. According to their latest financial statements, Telit Communications Limited has 10 employees and maintains cash reserves of £818.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	31,395,650	34,555,672	249,779,022	285,336,192	334,939,278	295,861,442	370,264,000	267,029,386	217,410,338	157,743,044	121,303,153	115,962,733	84,920,676	53,965,496
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	21,832,296	22,938,465	161,478,520	191,376,754	225,895,166	191,918,003	220,863,000	160,487,629	131,430,896	97,763,798	76,333,860	71,629,944	50,789,372	28,038,513
Gross Profit	9,563,354	11,617,207	88,300,502	93,959,439	109,044,112	103,943,439	149,401,000	106,541,757	85,979,442	59,979,246	44,969,293	44,332,788	34,131,304	25,926,983
Admin Expenses	11,724,751	20,633,136	78,697,391	47,712,437	135,219,776	143,178,766	130,038,000	91,492,514	74,726,761	50,811,336	41,496,754	42,064,073	29,903,263	27,769,408
Operating Profit	-2,161,397	-9,015,929	9,603,111	46,247,002	-26,175,664	-39,235,327	19,363,000	15,049,243	11,252,681	9,167,910	3,472,539	2,268,715	4,228,041	-1,842,425
Interest Payable	0	809	4,281,457	3,609,072	5,133,589	5,741,370	3,542,000	2,006,566	2,078,681	1,240,029	743,990	515,201	741,648	785,445
Interest Receivable	2,735,505	24,359,990	452,133	881,006	115,176	122,442	2,109,000	9,608	99,829	16,213	42,112	331,480	30,310	0
Pre-Tax Profit	136,572,330	14,887,200	5,773,788	43,518,936	-31,194,077	-44,854,254	17,930,000	12,709,584	10,284,700	7,750,827	2,874,773	1,455,378	4,158,390	-2,496,052
Tax	152,826	0	-1,252,453	-9,063,749	2,705,477	3,606,130	-2,474,000	-1,406,838	-1,050,802	-690,706	-605,369	-508,663	1,290,468	-68,643
Profit After Tax	136,725,156	14,887,200	4,521,335	34,455,186	-28,488,600	-41,248,124	15,456,000	11,302,746	9,233,898	7,060,121	2,269,404	946,715	5,448,859	-2,564,694
Dividends Paid	0	0	0	0	0	4,488,506	0	0	0	0	0	0	0	0
Retained Profit	136,725,156	14,887,200	4,521,335	34,455,186	-28,488,600	-45,736,630	15,456,000	11,302,746	8,839,754	7,029,639	2,249,517	946,715	5,270,863	-2,954,684
Employee Costs	1,075,443	3,634,673	50,955,150	55,784,691	72,897,438	78,983,332	87,119,000	57,961,406	49,621,386	27,920,747	23,388,899	22,912,717	16,297,562	13,345,280
Number Of Employees	10	8	823	850	1,027	1,076	940	800	694	573	474	412	366	362
EBITDA*	-2,112,881	-8,964,987	26,772,551	62,664,097	-423,098	-31,651,790	27,325,000	30,132,916	21,966,279	16,168,363	8,514,944	6,330,173	8,100,735	467,136

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	225,345,678	98,021,347	22,656,102	24,239,296	34,161,247	34,380,283	31,112,000	23,938,666	18,946,979	13,582,593	23,435,106	11,427,918	5,413,388	5,283,076
Intangible Assets	0	0	49,861,162	46,559,570	76,010,342	87,239,118	104,222,000	65,559,292	53,668,565	32,076,659	7,947,593	14,768,225	7,928,544	7,717,774
Investments & Other	47,633,217	51,271,933	0	0	0	0	0	0	0	0	0	0	0	1,780,464
Debtors (Due After 1 year)	177,676,073	46,666,936	3,309,587	2,679,363	16,061,270	0	0	1,759,948	629,298	523,380	332,222	478,587	393,396	343,822
Total Fixed Assets	225,345,678	98,021,347	69,861,161	68,976,521	110,171,589	121,619,401	135,334,000	89,497,958	72,615,543	45,659,251	31,382,698	26,196,142	13,341,932	13,000,850
Stock & work in progress	29,918	107,544	8,645,780	10,878,825	21,301,418	18,823,761	28,290,000	16,078,148	15,903,275	12,011,155	12,668,304	8,949,329	11,045,401	5,269,104
Trade Debtors	4,556,481	4,045,444	58,948,172	60,588,064	77,998,903	79,319,062	105,220,000	57,776,443	47,302,374	40,935,210	33,047,903	26,043,805	19,063,588	18,968,534
Group Debtors	22,694,267	65,439,476	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	581,385	458,478	16,260,812	29,174,238	0	0	0	0	0	0	0	4,895,717	3,694,053	4,860,284
Cash	818,306	3,181,854	74,037,217	59,569,673	27,698,033	33,415,751	26,631,000	23,956,281	19,406,936	15,680,005	12,522,079	12,932,984	8,719,850	6,911,675
misc current assets	0	0	0	0	12,763,457	13,351,766	14,552,000	10,441,188	11,318,494	9,298,917	5,173,422	120,955	1,305,946	3,024,541
total current assets	28,680,359	73,232,797	157,891,982	160,210,802	139,761,811	144,910,340	174,693,000	108,252,062	93,931,080	77,925,287	63,411,710	52,942,792	43,828,840	39,034,139
total assets	254,026,037	171,254,144	227,753,143	229,187,323	249,933,400	266,529,741	310,027,000	197,750,020	166,546,623	123,584,538	94,794,408	79,138,934	57,170,772	52,034,989
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	1	0	0
Bank loan	0	0	0	0	0	0	0	2,133,077	7,317,163	7,005,642	13,396,502	5,953,579	9,620,147	13,461,912
Trade Creditors	751,193	414,814	60,389,620	69,700,516	94,667,398	82,164,468	114,644,000	62,156,298	52,106,042	33,633,828	22,742,586	16,669,500	14,316,394	15,774,511
Group/Directors Accounts	1	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	9,327,615	7,110,561	35,444,644	23,900,782	18,988,000	1,844,823	1,924,129	1,937,868	812,423	0	0	0
hp & lease commitments	0	10,511	2,414,043	2,797,121	0	0	0	0	0	0	0	0	0	0
other current liabilities	33,038,730	29,535,860	22,157,445	26,382,204	28,798,087	24,553,280	24,243,000	17,175,113	14,550,025	11,007,847	8,093,817	6,432,821	6,329,162	3,330,701
total current liabilities	33,789,925	29,961,187	94,288,726	105,990,405	158,910,131	130,618,532	157,875,000	83,309,312	75,897,360	53,585,187	45,045,330	29,055,901	30,265,704	32,567,124
loans	0	0	41,984,443	44,086,646	37,752,878	66,676,672	50,656,000	38,132,756	26,047,474	28,710,032	11,509,620	13,482,836	9,499,548	5,586,198
hp & lease commitments	0	0	2,595,769	4,598,386	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
other liabilities	0	0	0	0	2,171,119	2,584,722	2,992,000	3,824,165	3,372,032	2,690,835	4,119,436	2,161,490	2,064,362	1,969,991
provisions	155,250	2,176,760	10,247,871	6,989,895	4,425,290	3,210,363	9,222,000	6,655,455	3,898,541	2,927,555	2,060,009	2,849,296	2,757,642	1,576,964
total long term liabilities	77,625	1,088,380	26,116,159	25,538,271	23,260,205	37,528,240	32,931,000	26,218,272	18,345,041	18,509,631	10,904,252	10,327,557	8,192,958	5,551,573
total liabilities	33,867,550	31,049,567	120,404,885	131,528,676	182,170,336	168,146,772	190,806,000	109,527,584	94,242,401	72,094,818	55,949,582	39,383,458	38,458,662	38,118,697
net assets	220,158,487	140,204,577	107,348,259	97,658,647	67,763,065	98,382,969	119,221,000	88,222,436	72,304,222	51,251,702	38,597,999	39,437,071	18,314,201	12,911,554
total shareholders funds	220,158,486	140,204,577	107,348,259	97,658,647	67,763,065	98,382,969	119,221,000	88,222,436	72,304,222	51,251,702	38,598,000	39,437,071	18,314,201	12,911,554

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-2,161,397	-9,015,929	9,603,111	46,247,002	-26,175,664	-39,235,327	19,363,000	15,049,243	11,252,681	9,167,910	3,472,539	2,268,715	4,228,041	-1,842,425
Depreciation	48,516	50,942	7,205,059	6,939,013	6,977,200	6,923,928	6,820,000	4,248,539	3,025,956	1,815,941	1,354,039	1,445,570	1,225,332	1,167,537
Amortisation	0	0	9,964,381	9,478,083	18,775,366	659,609	1,142,000	10,835,134	7,687,643	5,184,512	3,688,366	2,615,887	2,647,362	1,142,024
Tax	152,826	0	-1,252,453	-9,063,749	2,705,477	3,606,130	-2,474,000	-1,406,838	-1,050,802	-690,706	-605,369	-508,663	1,290,468	-68,643
Stock	-77,626	-8,538,236	-2,233,045	-10,422,593	2,477,657	-9,466,239	12,211,852	174,873	3,892,120	-657,149	3,718,975	-2,096,072	5,776,297	5,269,104
Debtors	88,897,873	38,091,762	-13,923,094	-1,618,508	14,741,112	-25,900,939	45,683,609	11,604,720	6,473,082	8,078,464	1,962,016	8,267,071	-1,021,601	24,172,639
Creditors	336,379	-59,974,806	-9,310,896	-24,966,882	12,502,930	-32,479,532	52,487,702	10,050,256	18,472,213	10,891,242	6,073,087	2,353,106	-1,458,117	15,774,511
Accruals and Deferred Income	3,502,870	7,378,415	-4,224,759	-2,415,883	4,244,807	310,280	7,067,887	2,625,088	3,542,178	2,914,030	1,660,996	103,659	2,998,461	3,330,701
Deferred Taxes & Provisions	-2,021,510	-8,071,111	3,257,976	2,564,605	1,214,927	-6,011,637	2,566,545	2,756,914	970,986	867,546	-789,287	91,654	1,180,678	1,576,964
Cash flow from operations	-88,962,563	-99,186,015	31,398,558	40,823,290	3,026,274	-30,859,371	29,077,673	32,378,743	33,535,653	22,729,160	9,173,380	2,198,929	7,357,529	-8,361,074
Investing Activities
capital expenditure	-127,372,847	-25,555,025	-18,887,838	22,955,628	-14,304,754	6,131,062	-53,798,042	-31,966,087	-37,669,891	-21,277,006	-10,228,961	-16,915,669	-4,213,776	-15,310,412
Change in Investments	-3,638,716	51,271,933	0	0	0	0	0	0	0	0	0	0	-1,780,464	1,780,464
cash flow from investments	-123,734,131	-76,826,958	-18,887,838	22,955,628	-14,304,754	6,131,062	-53,798,042	-31,966,087	-37,669,891	-21,277,006	-10,228,961	-16,915,669	-2,433,312	-17,090,876
Financing Activities
Bank loans	0	0	0	0	0	0	-2,133,077	-5,184,086	311,521	-6,390,860	7,442,923	-3,666,568	-3,841,765	13,461,912
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	-9,327,615	2,217,054	-28,334,083	11,543,862	4,912,782	17,143,177	-79,306	-13,739	1,125,445	812,423	0	0	0
Long term loans	0	-41,984,443	-2,102,203	6,333,768	-28,923,794	16,020,672	12,523,244	12,085,282	-2,662,558	17,200,412	-1,973,216	3,983,288	3,913,350	5,586,198
Hire Purchase and Lease Commitments	-10,511	-4,999,301	-2,385,695	7,395,507	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-2,171,119	-413,603	-407,278	-832,165	452,133	681,197	-1,428,601	1,957,946	97,128	94,371	1,969,991
share issue	-56,771,246	17,969,118	5,168,278	-4,559,605	-2,131,304	24,898,599	15,542,564	4,615,467	12,212,766	5,624,064	-3,088,588	20,176,155	131,784	15,866,238
interest	2,735,505	24,359,181	-3,829,324	-2,728,066	-5,018,413	-5,618,928	-1,433,000	-1,996,958	-1,978,852	-1,223,816	-701,878	-183,721	-711,338	-785,445
cash flow from financing	-54,046,252	-13,983,060	-931,890	-24,063,598	-24,943,252	39,805,847	40,810,743	9,892,532	8,550,335	14,906,644	4,449,610	20,406,282	-413,598	36,098,894
cash and cash equivalents
cash	-2,363,548	-70,855,363	14,467,544	31,871,640	-5,717,718	6,784,751	2,674,719	4,549,345	3,726,931	3,157,926	-410,905	4,213,134	1,808,175	6,911,675
overdraft	0	0	0	0	0	0	0	0	0	0	-1	1	0	0
change in cash	-2,363,548	-70,855,363	14,467,544	31,871,640	-5,717,718	6,784,751	2,674,719	4,549,345	3,726,931	3,157,926	-410,904	4,213,133	1,808,175	6,911,675

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TELIT COMMUNICATIONS LIMITED group structure

Telit Communications Limited has no subsidiary companies.

Ultimate parent company

TELIT IOT SOLUTIONS HOLDING LTD

13353458

TELIT IOT LTD

13353444

2 parents

TELIT COMMUNICATIONS LIMITED

05300693

TELIT COMMUNICATIONS LIMITED Shareholders

telit iot ltd

100%

Telit Communications Limited currently has 4 directors. The longest serving directors include Mr Paolo Dal Pino (Sep 2018) and Mr Eyal Shefer (Sep 2020).

officer	country	age	start	end	role
Mr Paolo Dal Pino	England	62 years	Sep 2018	-	Director
Mr Eyal Shefer	Israel	45 years	Sep 2020	-	Director
Mr Julian Addison	United Kingdom	51 years	Aug 2021	-	Director
Mr Michael Haxby	England	52 years	Aug 2021	-	Director

P&L

December 2022

turnover

31.4m

-9%

operating profit

-2.2m

-76%

gross margin

30.5%

-9.39%

turnover

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

Balance Sheet

December 2022

net assets

220.2m

+0.57%

total assets

254m

+0.48%

cash

818.3k

-0.74%

net assets

Total assets minus all liabilities

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company number

05300693

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

November 2004

ultimate parent company

TELIT IOT SOLUTIONS HOLDING LTD

previous names

telit communications plc (September 2021)

address

cannon place, 78 cannon street, london, EC4N 6AF

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 13 charges/mortgages relating to telit communications limited. Currently there are 7 open charges and 6 have been satisfied in the past.

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telit communications limited Company Information

telit communications limited Estimated Valuation

telit communications limited Estimated Valuation

telit communications limited Estimated Valuation

Telit Communications Limited Overview

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TELIT COMMUNICATIONS LIMITED financials

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