inspection network limited
inspection network limited Company Information
Company Number
05321245
Next Accounts
Jun 2025
Shareholders
inl (holdings) limited
Group Structure
View All
Industry
Technical testing and analysis
Registered Address
suite 96-99 lake view drive, annesley, nottingham, NG15 0DT
Website
http://inspectnet.co.ukinspection network limited Estimated Valuation
Pomanda estimates the enterprise value of INSPECTION NETWORK LIMITED at £4.1m based on a Turnover of £4.3m and 0.96x industry multiple (adjusted for size and gross margin).
inspection network limited Estimated Valuation
Pomanda estimates the enterprise value of INSPECTION NETWORK LIMITED at £2.7m based on an EBITDA of £440k and a 6.19x industry multiple (adjusted for size and gross margin).
inspection network limited Estimated Valuation
Pomanda estimates the enterprise value of INSPECTION NETWORK LIMITED at £6.1m based on Net Assets of £2.3m and 2.58x industry multiple (adjusted for liquidity).
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Inspection Network Limited Overview
Inspection Network Limited is a live company located in nottingham, NG15 0DT with a Companies House number of 05321245. It operates in the technical testing and analysis sector, SIC Code 71200. Founded in December 2004, it's largest shareholder is inl (holdings) limited with a 100% stake. Inspection Network Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with healthy growth in recent years.
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Inspection Network Limited Health Check
Pomanda's financial health check has awarded Inspection Network Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £4.3m, make it in line with the average company (£4.5m)
- Inspection Network Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.3%)
- Inspection Network Limited
3.3% - Industry AVG
Production
with a gross margin of 45%, this company has a comparable cost of product (45%)
- Inspection Network Limited
45% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (5.4%)
- Inspection Network Limited
5.4% - Industry AVG
Employees
with 54 employees, this is above the industry average (36)
54 - Inspection Network Limited
36 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Inspection Network Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £79.8k, this is less efficient (£99.3k)
- Inspection Network Limited
£99.3k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is near the average (56 days)
- Inspection Network Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (28 days)
- Inspection Network Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Inspection Network Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 70 weeks, this is more cash available to meet short term requirements (15 weeks)
70 weeks - Inspection Network Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.7%, this is a lower level of debt than the average (58.9%)
13.7% - Inspection Network Limited
58.9% - Industry AVG
INSPECTION NETWORK LIMITED financials
Inspection Network Limited's latest turnover from September 2023 is estimated at £4.3 million and the company has net assets of £2.3 million. According to their latest financial statements, Inspection Network Limited has 54 employees and maintains cash reserves of £486.4 thousand 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 | |||||||||||||||
| 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 | 54 | 50 | 48 | 46 | 43 | 39 | 31 | 24 | |||||||
| EBITDA* |
* 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 | 44,938 | 34,266 | 31,258 | 41,332 | 23,311 | 20,108 | 20,388 | 17,435 | 10,011 | 9,261 | 10,363 | 6,240 | 7,077 | 6,888 | 5,435 |
| 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 | 44,938 | 34,266 | 31,258 | 41,332 | 23,311 | 20,108 | 20,388 | 17,435 | 10,011 | 9,261 | 10,363 | 6,240 | 7,077 | 6,888 | 5,435 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 757,230 | 627,436 | 414,798 | 516,231 | 470,726 | 414,613 | 296,350 | 243,249 | 201,149 | 242,522 | 208,274 | 212,170 | 190,221 | 149,447 | 143,658 |
| Group Debtors | 1,365,102 | 1,062,302 | 810,102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 63,989 | 70,762 | 63,132 | 33,361 | 32,351 | 34,293 | 20,192 | 13,830 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 486,364 | 565,031 | 653,005 | 1,122,495 | 553,865 | 403,218 | 397,391 | 234,281 | 161,948 | 111,688 | 90,020 | 133,162 | 40,001 | 49,974 | 69,173 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,672,685 | 2,325,531 | 1,941,037 | 1,672,087 | 1,056,942 | 852,124 | 713,933 | 491,360 | 363,097 | 354,210 | 298,294 | 345,332 | 230,222 | 199,421 | 212,831 |
| total assets | 2,717,623 | 2,359,797 | 1,972,295 | 1,713,419 | 1,080,253 | 872,232 | 734,321 | 508,795 | 373,108 | 363,471 | 308,657 | 351,572 | 237,299 | 206,309 | 218,266 |
| 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 | 58,866 | 28,475 | 17,131 | 43,733 | 24,752 | 37,216 | 22,356 | 4,970 | 163,027 | 166,331 | 154,771 | 204,297 | 211,076 | 197,988 | 207,806 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | 302,031 | 319,872 | 361,158 | 442,514 | 254,917 | 220,598 | 229,336 | 204,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 360,897 | 348,347 | 378,289 | 486,247 | 279,669 | 257,814 | 251,692 | 209,681 | 163,027 | 166,331 | 154,771 | 204,297 | 211,076 | 197,988 | 207,806 |
| 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 | 9,750 | 46,500 | 43,170 |
| provisions | 10,818 | 7,673 | 6,751 | 2,859 | 3,174 | 3,418 | 3,466 | 0 | 0 | 0 | 0 | 97,433 | 97,433 | 97,433 | 129,263 |
| total long term liabilities | 10,818 | 7,673 | 6,751 | 2,859 | 3,174 | 3,418 | 3,466 | 0 | 0 | 0 | 0 | 97,433 | 107,183 | 143,933 | 172,433 |
| total liabilities | 371,715 | 356,020 | 385,040 | 489,106 | 282,843 | 261,232 | 255,158 | 209,681 | 163,027 | 166,331 | 154,771 | 301,730 | 318,259 | 341,921 | 380,239 |
| net assets | 2,345,908 | 2,003,777 | 1,587,255 | 1,224,313 | 797,410 | 611,000 | 479,163 | 299,114 | 210,081 | 197,140 | 153,886 | 49,842 | -80,960 | -135,612 | -161,973 |
| total shareholders funds | 2,345,908 | 2,003,777 | 1,587,255 | 1,224,313 | 797,410 | 611,000 | 479,163 | 299,114 | 210,081 | 197,140 | 153,886 | 49,842 | -80,960 | -135,612 | -161,973 |
| 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 | |||||||||||||||
| Depreciation | 11,418 | 9,847 | 11,981 | 11,259 | 7,767 | 6,703 | 6,795 | 5,811 | 3,337 | 3,086 | 3,455 | 2,080 | 2,360 | 2,295 | 1,812 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 425,821 | 472,468 | 738,440 | 46,515 | 54,171 | 132,364 | 59,463 | 55,930 | -41,373 | 34,248 | -3,896 | 21,949 | 40,774 | 5,789 | 143,658 |
| Creditors | 30,391 | 11,344 | -26,602 | 18,981 | -12,464 | 14,860 | 17,386 | -158,057 | -3,304 | 11,560 | -49,526 | -6,779 | 13,088 | -9,818 | 207,806 |
| Accruals and Deferred Income | -17,841 | -41,286 | -81,356 | 187,597 | 34,319 | -8,738 | 24,625 | 204,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 3,145 | 922 | 3,892 | -315 | -244 | -48 | 3,466 | 0 | 0 | 0 | -97,433 | 0 | 0 | -31,830 | 129,263 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | -9,750 | -36,750 | 3,330 | 43,170 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -78,667 | -87,974 | -469,490 | 568,630 | 150,647 | 5,827 | 163,110 | 72,333 | 50,260 | 21,668 | -43,142 | 93,161 | -9,973 | -19,199 | 69,173 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -78,667 | -87,974 | -469,490 | 568,630 | 150,647 | 5,827 | 163,110 | 72,333 | 50,260 | 21,668 | -43,142 | 93,161 | -9,973 | -19,199 | 69,173 |
inspection network limited Credit Report and Business Information
Inspection Network Limited Competitor Analysis
Perform a competitor analysis for inspection network limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NG15 area or any other competitors across 12 key performance metrics.
inspection network limited Ownership
INSPECTION NETWORK LIMITED group structure
Inspection Network Limited has no subsidiary companies.
Ultimate parent company
INSPECTION NETWORK LIMITED
05321245
inspection network limited directors
Inspection Network Limited currently has 3 directors. The longest serving directors include Mr Gavin Mitchell (Sep 2013) and Ms Britt Schuurs (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Mitchell | England | 56 years | Sep 2013 | - | Director |
| Ms Britt Schuurs | England | 36 years | Oct 2024 | - | Director |
| Ms Maria Princen | England | 40 years | Oct 2024 | - | Director |
P&L
September 2023turnover
4.3m
+17%
operating profit
428.6k
0%
gross margin
45%
-3.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
2.3m
+0.17%
total assets
2.7m
+0.15%
cash
486.4k
-0.14%
net assets
Total assets minus all liabilities
inspection network limited company details
company number
05321245
Type
Private limited with Share Capital
industry
71200 - Technical testing and analysis
incorporation date
December 2004
age
21
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
suite 96-99 lake view drive, annesley, nottingham, NG15 0DT
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
inspection network 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 inspection network limited.
inspection network 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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inspection network limited Companies House Filings - See Documents
| date | description | view/download |
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