Luminet Solutions Ltd

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SOLUTIONS

luminet solutions ltd Company Information

Live

MatureMidHealthy

Company Number

05467333

Next Accounts

22 days late

Industry

Other telecommunications activities

Directors

Simon Adcock

Alistair Adams

View All

Shareholders

luminet networks limited

Group Structure

View All

Contact

Registered Address

northstar 135-141 oldham street, manchester, M4 1LN

Website

https://luminet.co.uk/

luminet solutions ltd Estimated Valuation

£15.7m

Pomanda estimates the enterprise value of LUMINET SOLUTIONS LTD at £15.7m based on an EBITDA of £3.2m and a 4.88x industry multiple (adjusted for size and gross margin).

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Luminet Solutions Ltd is a live company located in manchester, M4 1LN with a Companies House number of 05467333. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in May 2005, it's largest shareholder is luminet networks limited with a 100% stake. Luminet Solutions Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Luminet Solutions Ltd a 2.5 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 Rating2.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £8.6m, make it smaller than the average company (£12.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.6%)

EXPORT

Luminet Solutions Ltd's latest turnover from March 2023 is £8.6 million and the company has net assets of -£4.3 million. According to their latest financial statements, Luminet Solutions Ltd has 36 employees and maintains cash reserves of £453.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	8,568,073	7,333,158	6,478,395	6,349,596	5,750,917	5,565,249	5,337,580	5,112,329	3,015,033	3,542,090	2,936,572	2,506,859	2,179,152	2,074,449
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,465,251	3,817,802	2,511,901	1,559,610	2,490,628	2,286,340	2,158,121	2,056,475	873,635	972,189	656,309	515,355	368,833	340,673
Gross Profit	4,102,822	3,515,356	3,966,494	4,789,986	3,260,289	3,278,909	3,179,459	3,055,854	2,141,398	2,569,901	2,280,263	1,991,504	1,810,319	1,733,776
Admin Expenses	4,023,559	3,808,403	5,624,049	6,215,545	4,519,476	3,651,623	3,341,348	2,967,315	2,840,402	2,868,271	2,212,178	2,172,275	2,303,439	2,544,833
Operating Profit	79,263	-293,047	-1,657,555	-1,425,559	-1,259,187	-372,714	-161,889	88,539	-699,004	-298,370	68,085	-180,771	-493,120	-811,057
Interest Payable	379,554	312,241	313,971	350,982	7,209	22,060	26,305	23,848	9,139	44,271	48,978	51,656	62,136	40,896
Interest Receivable	0	0	0	39	17,044	2,400	48	233	0	0	6,232	0	0	93
Pre-Tax Profit	-300,291	-605,288	-1,971,526	-1,776,502	-1,249,352	354,904	-188,146	64,924	-708,143	-342,641	25,339	-232,427	-555,256	-851,860
Tax	39,855	-27,712	85,127	21,055	129,717	-52,328	26,680	81,542	100,673	0	12,434	10,351	47,795	22,079
Profit After Tax	-260,436	-633,000	-1,886,399	-1,755,447	-1,119,635	302,576	-161,466	146,466	-607,470	-342,641	37,773	-222,076	-507,461	-829,781
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-260,436	-633,000	-1,886,399	-1,755,447	-1,119,635	302,576	-161,466	146,466	-607,470	-342,641	37,773	-222,076	-507,461	-829,781
Employee Costs	1,803,531	1,478,042	1,549,234	1,720,908	1,441,295	1,329,333	1,262,180	1,257,089	1,197,957	1,266,704	863,577	788,163	989,966	1,191,551
Number Of Employees	36	34	35	35	32	25	26	27	26	20	21	27	29	29
EBITDA*	3,211,335	2,514,059	970,518	978,656	-128,611	503,296	573,342	813,776	-107,830	67,780	765,392	587,537	139,687	-361,324

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	6,705,344	6,655,495	6,545,159	7,215,347	2,995,757	2,108,631	1,674,658	1,676,651	1,495,308	965,721	1,227,908	1,561,098	1,749,258	1,810,214
Intangible Assets	0	0	48,924	275,000	400,331	200,331	6,800,331	6,800,331	6,600,000	6,600,000	0	0	0	0
Investments & Other	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
Total Fixed Assets	6,705,344	6,655,495	6,594,083	7,490,347	3,396,088	2,308,962	8,474,989	8,476,982	8,095,308	7,565,721	1,227,908	1,561,098	1,749,258	1,810,214
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,313,801	725,524	734,185	463,503	289,081	289,224	186,246	282,929	167,020	134,196	162,982	163,912	151,656	121,143
Group Debtors	0	0	0	0	0	171,384	169,548	192,446	97,185	0	0	0	0	0
Misc Debtors	0	888,803	512,677	924,977	409,499	375,232	442,247	478,460	229,354	266,584	193,895	142,714	223,300	220,829
Cash	453,121	225,293	11,490	152,050	60,380	326,502	32,183	37,935	37,448	161,549	239,844	116,245	250,378	66,939
misc current assets	0	0	0	0	115,079	30,253	26,680	53,319	106,673	0	0	0	0	0
total current assets	1,806,667	1,912,908	1,258,352	1,641,530	874,039	1,192,595	856,904	1,045,089	637,680	562,329	596,721	422,871	625,334	408,911
total assets	8,512,011	8,568,403	7,852,435	9,131,877	4,270,127	3,501,557	9,331,893	9,522,071	8,732,988	8,128,050	1,824,629	1,983,969	2,374,592	2,219,125
Bank overdraft	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
Trade Creditors	1,473,510	1,295,824	1,152,138	1,244,346	624,045	721,934	815,629	771,060	527,785	405,243	183,279	360,515	339,817	405,554
Group/Directors Accounts	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
hp & lease commitments	1,508,787	1,374,620	916,467	1,033,018	0	26,370	0	0	0	2,539	56,656	140,658	145,140	196,413
other current liabilities	7,399,801	7,547,086	6,676,027	5,356,022	3,169,117	1,304,824	912,578	972,742	671,605	576,999	833,673	708,004	525,616	284,630
total current liabilities	10,382,098	10,217,530	8,744,632	7,633,386	3,793,162	2,053,128	1,728,207	1,743,802	1,199,390	984,781	1,073,608	1,209,177	1,010,573	886,597
loans	2,382,741	4,686,530	4,934,390	5,794,030	0	0	2,447,837	2,410,739	2,308,938	1,380,869	1,059,611	993,428	1,033,224	1,236,132
hp & lease commitments	0	2,343,265	2,467,195	2,897,015	0	0	0	0	0	0	13,216	32,058	91,420	137,588
Accruals and Deferred Income	0	0	0	74,469	148,171	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	9,996	65,108	68,951	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,382,741	2,343,265	2,467,195	2,971,484	148,171	0	2,457,833	2,475,847	2,377,889	1,380,869	1,072,827	1,025,486	1,124,644	1,373,720
total liabilities	12,764,839	12,560,795	11,211,827	10,604,870	3,941,333	2,053,128	4,186,040	4,219,649	3,577,279	2,365,650	2,146,435	2,234,663	2,135,217	2,260,317
net assets	-4,252,828	-3,992,392	-3,359,392	-1,472,993	328,794	1,448,429	5,145,853	5,302,422	5,155,709	5,762,400	-321,806	-250,694	239,375	-41,192
total shareholders funds	-4,252,828	-3,992,392	-3,359,392	-1,472,993	328,794	1,448,429	5,145,853	5,302,422	5,155,709	5,762,400	-321,806	-250,694	239,375	-41,192

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	79,263	-293,047	-1,657,555	-1,425,559	-1,259,187	-372,714	-161,889	88,539	-699,004	-298,370	68,085	-180,771	-493,120	-811,057
Depreciation	3,132,072	2,807,106	2,628,073	2,404,215	1,130,576	876,010	735,231	725,237	591,174	366,150	697,307	768,308	632,807	449,733
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	39,855	-27,712	85,127	21,055	129,717	-52,328	26,680	81,542	100,673	0	12,434	10,351	47,795	22,079
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-300,526	367,465	-141,618	689,900	-137,260	37,799	-155,794	460,276	92,779	400,780	50,251	-68,330	32,984	341,972
Creditors	177,686	143,686	-92,208	620,301	-97,889	-93,695	44,569	243,275	122,542	405,243	-177,236	20,698	-65,737	405,554
Accruals and Deferred Income	-147,285	871,059	1,245,536	2,113,203	2,012,464	392,246	-60,164	301,137	94,606	576,999	125,669	182,388	240,986	284,630
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,582,117	3,133,627	2,350,591	3,043,315	2,052,941	711,720	740,221	979,454	117,212	649,242	676,008	869,304	329,747	8,967
Investing Activities
capital expenditure	-3,181,921	-2,868,518	-1,731,809	-6,498,474	-2,217,702	5,290,017	-733,238	-1,106,911	-1,120,761	-7,931,871	-364,117	-580,148	-571,851	-2,259,947
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,181,921	-2,868,518	-1,731,809	-6,498,474	-2,217,702	5,290,017	-733,238	-1,106,911	-1,120,761	-7,931,871	-364,117	-580,148	-571,851	-2,259,947
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-2,303,789	-247,860	-859,640	5,794,030	0	-2,447,837	37,098	101,801	928,069	1,380,869	66,183	-39,796	-202,908	1,236,132
Hire Purchase and Lease Commitments	-2,209,098	334,223	-546,371	3,930,033	-26,370	26,370	0	0	-2,539	2,539	-102,844	-63,844	-97,441	334,001
other long term liabilities	0	0	0	0	0	-9,996	-55,112	-3,843	68,951	0	0	0	0	0
share issue	0	0	0	-46,340	0	-4,000,000	4,897	247	779	6,105,041	-108,885	-267,993	788,028	788,589
interest	-379,554	-312,241	-313,971	-350,943	9,835	-19,660	-26,257	-23,615	-9,139	-44,271	-42,746	-51,656	-62,136	-40,803
cash flow from financing	-4,892,441	-225,878	-1,719,982	9,326,780	-16,535	-6,451,123	-39,374	74,590	986,121	7,444,178	-188,292	-423,289	425,543	2,317,919
cash and cash equivalents
cash	227,828	213,803	-140,560	91,670	-266,122	294,319	-5,752	487	-124,101	161,549	123,599	-134,133	183,439	66,939
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	227,828	213,803	-140,560	91,670	-266,122	294,319	-5,752	487	-124,101	161,549	123,599	-134,133	183,439	66,939

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LUMINET SOLUTIONS LTD group structure

Luminet Solutions Ltd has no subsidiary companies.

Ultimate parent company

TELCOM GROUP LTD

11428641

LUMINET NETWORKS LIMITED

05613914

2 parents

LUMINET SOLUTIONS LTD

05467333

LUMINET SOLUTIONS LTD Shareholders

luminet networks limited

100%

Luminet Solutions Ltd currently has 7 directors. The longest serving directors include Mr Simon Adcock (Oct 2023) and Mr Alistair Adams (Oct 2023).

officer	country	age	start	end	role
Mr Simon Adcock	United Kingdom	49 years	Oct 2023	-	Director
Mr Alistair Adams	England	35 years	Oct 2023	-	Director
Mr Christopher Baldock	England	69 years	Oct 2023	-	Director
Mr Thomas Seddon	England	34 years	Oct 2023	-	Director
Mr Christopher Coulton	England	45 years	Oct 2023	-	Director
Mr Andrew Tatlock	United Kingdom	37 years	Jan 2024	-	Director
Mr Elliott Mueller	England	56 years	Apr 2024	-	Director

P&L

March 2023

turnover

8.6m

+17%

operating profit

79.3k

-127%

gross margin

47.9%

-0.11%

turnover

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

Balance Sheet

March 2023

net assets

-4.3m

+0.07%

total assets

8.5m

-0.01%

cash

453.1k

+1.01%

net assets

Total assets minus all liabilities

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company number

05467333

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

May 2005

ultimate parent company

TELCOM GROUP LTD

previous names

urban wimax limited (March 2018)

hamsard 2841 limited (October 2005)

address

northstar 135-141 oldham street, manchester, M4 1LN

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 10 charges/mortgages relating to luminet solutions ltd. Currently there are 3 open charges and 7 have been satisfied in the past.

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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luminet solutions ltd Company Information

luminet solutions ltd Estimated Valuation

luminet solutions ltd Estimated Valuation

luminet solutions ltd Estimated Valuation

Luminet Solutions Ltd Overview

Luminet Solutions Ltd Health Check

LUMINET SOLUTIONS LTD financials

luminet solutions ltd Credit Report and Business Information

Luminet Solutions Ltd Competitor Analysis

luminet solutions ltd Ownership

luminet solutions ltd directors

luminet solutions ltd company details

luminet solutions ltd Charges & Mortgages

luminet solutions ltd Capital Raised & Share Issues BETA

luminet solutions ltd Companies House Filings - See Documents