luminet networks limited
luminet networks limited Company Information
Company Number
05613914
Next Accounts
90 days late
Shareholders
telcom bidco limited
Group Structure
View All
Industry
Activities of head offices
+2Registered Address
northstar, 135-141, oldham street, manchester, M4 1LN
Website
https://luminet.co.uk/luminet networks limited Estimated Valuation
Pomanda estimates the enterprise value of LUMINET NETWORKS LIMITED at £7.6m based on a Turnover of £8.6m and 0.88x industry multiple (adjusted for size and gross margin).
luminet networks limited Estimated Valuation
Pomanda estimates the enterprise value of LUMINET NETWORKS LIMITED at £17m based on an EBITDA of £3.2m and a 5.31x industry multiple (adjusted for size and gross margin).
luminet networks limited Estimated Valuation
Pomanda estimates the enterprise value of LUMINET NETWORKS LIMITED at £0 based on Net Assets of £-7.3m and 2.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Luminet Networks Limited Overview
Luminet Networks Limited is a live company located in manchester, M4 1LN with a Companies House number of 05613914. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2005, it's largest shareholder is telcom bidco limited with a 100% stake. Luminet Networks Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.6m with healthy growth in recent years.
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Luminet Networks Limited Health Check
Pomanda's financial health check has awarded Luminet Networks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £8.6m, make it smaller than the average company (£12.5m)
£8.6m - Luminet Networks Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.8%)
11% - Luminet Networks Limited
4.8% - Industry AVG
Production
with a gross margin of 47.9%, this company has a comparable cost of product (40.1%)
47.9% - Luminet Networks Limited
40.1% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (4.7%)
0.7% - Luminet Networks Limited
4.7% - Industry AVG
Employees
with 36 employees, this is below the industry average (66)
36 - Luminet Networks Limited
66 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£59.1k)
£50.1k - Luminet Networks Limited
£59.1k - Industry AVG
Efficiency
resulting in sales per employee of £238k, this is more efficient (£196.7k)
£238k - Luminet Networks Limited
£196.7k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (47 days)
26 days - Luminet Networks Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 407 days, this is slower than average (41 days)
407 days - Luminet Networks Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Luminet Networks Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - Luminet Networks Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 185.8%, this is a higher level of debt than the average (61.2%)
185.8% - Luminet Networks Limited
61.2% - Industry AVG
LUMINET NETWORKS LIMITED financials
Luminet Networks Limited's latest turnover from March 2023 is £8.6 million and the company has net assets of -£7.3 million. According to their latest financial statements, Luminet Networks Limited has 36 employees and maintains cash reserves of £542.7 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 | 6,478,357 | 6,349,596 | 4,468,062 | 5,565,249 | 5,337,580 | 5,112,329 | 4,012,118 | 3,542,090 | 2,936,572 | 2,506,860 | 2,179,152 | 2,076,806 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 4,465,251 | 3,817,800 | 2,511,901 | 1,559,610 | -1,282,855 | 2,286,340 | 2,158,121 | 2,045,865 | 1,720,348 | 972,190 | 656,309 | 515,301 | 368,833 | 340,763 |
| Gross Profit | 4,102,822 | 3,515,358 | 3,966,456 | 4,789,986 | 5,750,917 | 3,278,909 | 3,179,459 | 3,066,464 | 2,291,770 | 2,569,900 | 2,280,263 | 1,991,559 | 1,810,319 | 1,736,043 |
| Admin Expenses | 4,044,436 | 3,742,679 | 5,026,347 | 5,728,934 | 6,752,035 | 3,361,588 | 3,165,770 | 3,008,132 | 3,034,797 | 2,970,456 | 2,142,892 | 2,169,225 | 2,303,439 | 2,560,779 |
| Operating Profit | 58,386 | -227,321 | -1,059,891 | -938,948 | -1,001,118 | -82,679 | 13,689 | 58,332 | -743,027 | -400,556 | 137,371 | -177,666 | -493,120 | -824,736 |
| Interest Payable | 763,659 | 916,822 | 938,931 | 886,007 | 620,097 | 328,265 | 273,630 | 185,240 | 141,377 | 126,910 | 118,288 | 123,586 | 131,091 | 67,222 |
| Interest Receivable | 1 | 1 | 242 | 525 | 18,455 | 9,333 | 83 | 245 | 19 | 46,320 | 6,258 | 295 | 327 | 5,415 |
| Pre-Tax Profit | -705,273 | -1,210,223 | -1,998,580 | -1,824,430 | -1,602,760 | 345,667 | -259,858 | -126,663 | -884,385 | -481,146 | 25,341 | -300,957 | -623,884 | -886,543 |
| Tax | 39,855 | -27,712 | 85,127 | 21,055 | 129,717 | -52,328 | 26,680 | 81,542 | 100,673 | 12,434 | 10,351 | 47,795 | 22,079 | |
| Profit After Tax | -665,418 | -1,237,935 | -1,913,453 | -1,803,375 | -1,473,043 | 293,339 | -233,178 | -45,121 | -783,712 | -481,146 | 37,775 | -290,606 | -576,089 | -864,464 |
| Dividends Paid | ||||||||||||||
| Retained Profit | -665,418 | -1,237,935 | -1,913,453 | -1,803,375 | -1,473,043 | 293,339 | -233,178 | -45,121 | -783,712 | -481,146 | 37,775 | -290,606 | -576,089 | -864,464 |
| Employee Costs | 1,803,531 | 1,478,042 | 1,549,235 | 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 | 989,963 | 1,191,551 |
| Number Of Employees | 36 | 35 | 35 | 35 | 32 | 25 | 26 | 27 | 26 | 20 | 21 | 27 | 29 | 29 |
| EBITDA* | 3,190,458 | 2,579,785 | 1,568,066 | 1,465,267 | 129,458 | 747,352 | 748,920 | 793,368 | -143,508 | 333,981 | 834,678 | 590,642 | 139,687 | -375,003 |
* 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 | 1,708,494 | 1,536,947 | 965,721 | 1,227,908 | 1,561,098 | 1,749,258 | 1,810,214 |
| Intangible Assets | 48,924 | 293,212 | 418,543 | 218,513 | 6,818,543 | 6,818,543 | 6,818,543 | 6,600,000 | ||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 6,705,344 | 6,655,495 | 6,594,083 | 7,508,559 | 3,414,300 | 2,327,144 | 8,493,201 | 8,527,037 | 8,355,490 | 7,565,721 | 1,227,908 | 1,561,098 | 1,749,258 | 1,810,214 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 624,907 | 725,496 | 734,185 | 463,503 | 289,081 | 289,224 | 186,246 | 282,929 | 294,235 | 134,197 | 162,932 | 163,912 | 151,656 | 121,143 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 657,411 | 869,820 | 407,565 | 905,488 | 390,010 | 560,946 | 466,708 | 526,377 | 242,111 | 266,583 | 216,315 | 160,213 | 240,803 | 227,145 |
| Cash | 542,699 | 522,532 | 1,012,476 | 1,735,848 | 1,131,079 | 6,975,592 | 32,803 | 116,767 | 66,079 | 324,000 | 252,465 | 198,623 | 361,922 | 495,889 |
| misc current assets | 101,000 | 115,079 | 30,253 | 26,680 | 53,319 | 108,587 | ||||||||
| total current assets | 1,864,762 | 2,191,136 | 2,239,353 | 3,205,839 | 1,925,249 | 7,856,015 | 712,437 | 979,392 | 711,012 | 724,780 | 631,712 | 522,748 | 754,381 | 844,177 |
| total assets | 8,570,106 | 8,846,631 | 8,833,436 | 10,714,398 | 5,339,549 | 10,183,159 | 9,205,638 | 9,506,429 | 9,066,502 | 8,290,501 | 1,859,620 | 2,083,846 | 2,503,639 | 2,654,391 |
| Bank overdraft | 68,218 | 200,000 | 750,000 | 133,707 | 125,000 | |||||||||
| Bank loan | 300,000 | 250,000 | 175,000 | 450,000 | 500,000 | |||||||||
| Trade Creditors | 4,987,812 | 2,587,606 | 1,152,138 | 1,244,346 | 624,045 | 721,934 | 815,629 | 771,060 | 835,009 | 405,243 | 183,279 | 360,515 | 339,817 | 411,304 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 1,508,787 | 1,374,620 | 916,467 | 1,033,018 | 26,370 | 54,662 | 69,052 | 2,539 | 64,954 | 140,658 | 145,140 | 196,413 | ||
| other current liabilities | 1,329,480 | 1,729,512 | 1,034,697 | 977,104 | 1,181,171 | 1,078,748 | 1,434,699 | 643,895 | 840,642 | 713,269 | 540,027 | 299,540 | ||
| total current liabilities | 6,496,599 | 3,962,226 | 3,398,085 | 4,306,876 | 1,908,742 | 1,968,626 | 2,501,462 | 2,418,860 | 2,269,708 | 1,251,677 | 1,838,875 | 1,348,149 | 1,149,984 | 907,257 |
| loans | 8,652,574 | 10,784,454 | 17,775,753 | 14,960,537 | 7,481,971 | 5,300,000 | 3,219,992 | 3,530,216 | 2,858,918 | 1,100,000 | 625,000 | 625,000 | 400,000 | |
| hp & lease commitments | 2,467,194 | 2,897,015 | 9,996 | 65,108 | 79,459 | 13,216 | 32,058 | 91,420 | 137,588 | |||||
| Accruals and Deferred Income | 769,591 | 739,970 | 509,573 | 264,899 | 394,832 | 69,014 | 3,092 | |||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 9,422,165 | 11,524,424 | 10,837,435 | 9,896,153 | 5,476,803 | 2,719,014 | 1,609,996 | 1,765,108 | 1,429,459 | 1,103,092 | 13,216 | 657,058 | 716,420 | 537,588 |
| total liabilities | 15,918,764 | 15,486,650 | 14,235,520 | 14,203,029 | 7,385,545 | 4,687,640 | 4,111,458 | 4,183,968 | 3,699,167 | 2,354,769 | 1,852,091 | 2,005,207 | 1,866,404 | 1,444,845 |
| net assets | -7,348,658 | -6,640,019 | -5,402,084 | -3,488,631 | -2,045,996 | 5,495,519 | 5,094,180 | 5,322,461 | 5,367,335 | 5,935,732 | 7,529 | 78,639 | 637,235 | 1,209,546 |
| total shareholders funds | -7,348,658 | -6,640,019 | -5,402,084 | -3,488,631 | -2,045,996 | 5,495,519 | 5,094,180 | 5,322,461 | 5,367,335 | 5,935,732 | 7,529 | 78,639 | 637,235 | 1,209,546 |
| 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 | 58,386 | -227,321 | -1,059,891 | -938,948 | -1,001,118 | -82,679 | 13,689 | 58,332 | -743,027 | -400,556 | 137,371 | -177,666 | -493,120 | -824,736 |
| Depreciation | 3,132,072 | 2,807,106 | 2,627,957 | 2,404,215 | 1,130,576 | 830,031 | 735,231 | 735,036 | 599,519 | 734,537 | 697,307 | 768,308 | 632,807 | 449,733 |
| Amortisation | ||||||||||||||
| Tax | 39,855 | -27,712 | 85,127 | 21,055 | 129,717 | -52,328 | 26,680 | 81,542 | 100,673 | 12,434 | 10,351 | 47,795 | 22,079 | |
| Stock | ||||||||||||||
| Debtors | -312,998 | 453,566 | -227,241 | 689,900 | -171,079 | 197,216 | -156,352 | 272,960 | 135,566 | 400,780 | 55,122 | -68,334 | 44,171 | 348,288 |
| Creditors | 2,400,206 | 1,435,468 | -92,208 | 620,301 | -97,889 | -93,695 | 44,569 | -63,949 | 429,766 | 405,243 | -177,236 | 20,698 | -71,487 | 411,304 |
| Accruals and Deferred Income | 29,621 | -1,099,083 | -155,358 | 564,882 | 383,411 | -135,053 | 102,423 | -355,951 | 787,712 | 646,987 | 127,373 | 173,242 | 240,487 | 299,540 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | 5,973,138 | 2,434,892 | 1,632,868 | 1,981,605 | 715,776 | 269,060 | 1,078,944 | 182,050 | 1,039,077 | 985,431 | 742,127 | 863,267 | 312,311 | 9,632 |
| Investing Activities | ||||||||||||||
| capital expenditure | -636,239 | -344,329 | -500,982 | -422,818 | -1,074,494 | |||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -636,239 | -344,329 | -500,982 | -422,818 | -1,074,494 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -300,000 | 50,000 | 75,000 | -275,000 | -50,000 | 500,000 | ||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -2,131,880 | -6,991,299 | 2,815,216 | 7,478,566 | 2,181,971 | 2,080,008 | -310,224 | 671,298 | 1,758,918 | 1,100,000 | -625,000 | 225,000 | 400,000 | |
| Hire Purchase and Lease Commitments | 134,167 | -2,009,041 | -546,372 | 3,930,033 | -26,370 | -38,288 | -69,502 | 54,701 | 76,920 | 2,539 | -94,546 | -63,844 | -97,441 | 334,001 |
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -763,658 | -916,821 | -938,689 | -885,482 | -601,642 | -318,932 | -273,547 | -184,995 | -141,358 | -80,590 | -112,030 | -123,291 | -130,764 | -61,807 |
| cash flow from financing | -2,804,592 | -9,917,161 | 1,030,155 | 10,933,857 | -4,439,513 | 1,555,788 | -698,376 | 1,041,251 | 1,909,795 | 7,438,827 | -940,461 | -455,125 | 573 | 2,746,204 |
| cash and cash equivalents | ||||||||||||||
| cash | 20,167 | -489,944 | -723,372 | 604,769 | -5,844,513 | 6,942,789 | -83,964 | 50,688 | -257,921 | 324,000 | 53,842 | -163,299 | -133,967 | 495,889 |
| overdraft | -68,218 | 68,218 | -200,000 | 200,000 | 616,293 | 8,707 | 125,000 | |||||||
| change in cash | 20,167 | -489,944 | -723,372 | 604,769 | -5,776,295 | 6,874,571 | -83,964 | 50,688 | -57,921 | 124,000 | -562,451 | -172,006 | -258,967 | 495,889 |
luminet networks limited Credit Report and Business Information
Luminet Networks Limited Competitor Analysis
Perform a competitor analysis for luminet networks limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in M 4 area or any other competitors across 12 key performance metrics.
luminet networks limited Ownership
LUMINET NETWORKS LIMITED group structure
Luminet Networks Limited has 5 subsidiary companies.
Ultimate parent company
2 parents
LUMINET NETWORKS LIMITED
05613914
5 subsidiaries
luminet networks limited directors
Luminet Networks Limited currently has 7 directors. The longest serving directors include Mr Christopher Coulton (Oct 2023) and Mr Thomas Seddon (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Coulton | United Kingdom | 45 years | Oct 2023 | - | Director |
| Mr Thomas Seddon | England | 34 years | Oct 2023 | - | Director |
| Mr Christopher Baldock | England | 70 years | Oct 2023 | - | Director |
| Mr Alistair Adams | England | 36 years | Oct 2023 | - | Director |
| Mr Simon Adcock | United Kingdom | 49 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 2023turnover
8.6m
+17%
operating profit
58.4k
-126%
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 2023net assets
-7.3m
+0.11%
total assets
8.6m
-0.03%
cash
542.7k
+0.04%
net assets
Total assets minus all liabilities
luminet networks limited company details
company number
05613914
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
70100 - Activities of head offices
62090 - Other information technology and computer service activities
incorporation date
November 2005
age
20
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
urban wimax networks plc (March 2018)
urban wimax networks limited (January 2006)
accountant
-
auditor
HAYSMACINTYRE LLP
address
northstar, 135-141, oldham street, manchester, M4 1LN
Bank
-
Legal Advisor
-
luminet networks 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 found 9 charges/mortgages relating to luminet networks limited. Currently there are 4 open charges and 5 have been satisfied in the past.
luminet networks 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.
Click to start generating capital raising & share issue transactions for LUMINET NETWORKS LIMITED. This can take several minutes, an email will notify you when this has completed.
luminet networks limited Companies House Filings - See Documents
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