etherstack wireless limited
etherstack wireless limited Company Information
Company Number
05676080
Next Accounts
Sep 2025
Shareholders
etherstack plc
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
suite 12, the blade, abbey square, reading, RG1 3BE
Website
www.etherstack.cometherstack wireless limited Estimated Valuation
Pomanda estimates the enterprise value of ETHERSTACK WIRELESS LIMITED at £1.7m based on a Turnover of £2.6m and 0.64x industry multiple (adjusted for size and gross margin).
etherstack wireless limited Estimated Valuation
Pomanda estimates the enterprise value of ETHERSTACK WIRELESS LIMITED at £5m based on an EBITDA of £1.3m and a 3.9x industry multiple (adjusted for size and gross margin).
etherstack wireless limited Estimated Valuation
Pomanda estimates the enterprise value of ETHERSTACK WIRELESS LIMITED at £0 based on Net Assets of £-7.3m and 2.23x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Etherstack Wireless Limited Overview
Etherstack Wireless Limited is a live company located in reading, RG1 3BE with a Companies House number of 05676080. It operates in the manufacture of communication equipment other than telegraph, and telephone apparatus and equipment sector, SIC Code 26309. Founded in January 2006, it's largest shareholder is etherstack plc with a 100% stake. Etherstack Wireless Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with rapid growth in recent years.
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Etherstack Wireless Limited Health Check
Pomanda's financial health check has awarded Etherstack Wireless Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£9.1m)
£2.6m - Etherstack Wireless Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (9.9%)
57% - Etherstack Wireless Limited
9.9% - Industry AVG
Production
with a gross margin of 24%, this company has a higher cost of product (60.6%)
24% - Etherstack Wireless Limited
60.6% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (4.3%)
-0.3% - Etherstack Wireless Limited
4.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (51)
8 - Etherstack Wireless Limited
51 - Industry AVG
Pay Structure
on an average salary of £95.2k, the company has a higher pay structure (£67.9k)
£95.2k - Etherstack Wireless Limited
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £330.2k, this is more efficient (£176.4k)
£330.2k - Etherstack Wireless Limited
£176.4k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (61 days)
0 days - Etherstack Wireless Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (44 days)
23 days - Etherstack Wireless Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Etherstack Wireless Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 120 weeks, this is more cash available to meet short term requirements (18 weeks)
120 weeks - Etherstack Wireless Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 176.2%, this is a higher level of debt than the average (51.6%)
176.2% - Etherstack Wireless Limited
51.6% - Industry AVG
ETHERSTACK WIRELESS LIMITED financials
Etherstack Wireless Limited's latest turnover from December 2023 is £2.6 million and the company has net assets of -£7.3 million. According to their latest financial statements, Etherstack Wireless Limited has 8 employees and maintains cash reserves of £890.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 2,641,738 | 3,158,731 | 2,804,907 | 677,572 | 503,744 | 914,673 | 568,000 | 807,533 | 443,350 | 1,622,879 | 2,216,085 | 2,789,338 | 8,991,451 | 10,651,097 | 4,968,581 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 2,008,175 | 1,328,438 | 279,047 | 8,019 | 102,493 | 359,649 | 45,600 | 28,625 | 131,363 | 1,085,112 | 2,012,889 | 2,463,063 | 2,005,947 | 4,954,157 | 286,258 |
| Gross Profit | 633,563 | 1,830,293 | 2,525,860 | 669,553 | 401,250 | 555,024 | 522,400 | 778,908 | 311,987 | 537,767 | 203,196 | 326,274 | 6,985,504 | 5,696,940 | 4,682,323 |
| Admin Expenses | 640,375 | 701,688 | 1,529,949 | 1,286,985 | 1,061,278 | 968,900 | 1,692,800 | 3,421,469 | 4,211,139 | 2,873,563 | 3,067,666 | 1,295,247 | 4,137,034 | 4,855,656 | 3,807,680 |
| Operating Profit | -6,812 | 1,128,605 | 995,911 | -617,432 | -660,028 | -413,876 | -1,170,400 | -2,642,561 | -3,899,152 | -2,335,796 | -2,864,470 | -968,973 | 2,848,470 | 841,284 | 874,643 |
| Interest Payable | 703,959 | 613,882 | 473,098 | 393,713 | 364,178 | 342,105 | 339,200 | 346,516 | 19,824 | 16,107 | |||||
| Interest Receivable | 3,784 | 3,027 | 5,273 | ||||||||||||
| Pre-Tax Profit | -706,987 | 517,750 | 522,813 | -1,011,146 | -1,024,206 | -755,981 | -1,509,600 | -2,983,804 | -3,899,152 | -2,335,796 | -2,864,470 | -968,973 | 2,829,265 | 825,177 | 879,721 |
| Tax | 162,743 | 314,132 | 391,308 | 270,227 | 101,766 | 111,643 | 268,800 | 419,586 | 311,303 | 1,207,581 | 211,745 | 317,656 | -358,692 | -170,363 | -116,788 |
| Profit After Tax | -544,243 | 831,883 | 914,121 | -740,919 | -922,439 | -644,338 | -1,240,800 | -2,564,218 | -3,587,849 | -1,128,216 | -2,652,726 | -651,317 | 2,470,574 | 654,814 | 762,932 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -544,243 | 831,883 | 914,121 | -740,919 | -922,439 | -644,338 | -1,240,800 | -2,564,218 | -3,587,849 | -1,128,216 | -2,652,726 | -651,317 | 2,470,574 | 654,814 | 762,932 |
| Employee Costs | 761,487 | 812,202 | 801,860 | 468,286 | 479,029 | 815,789 | 604,800 | 885,876 | 816,229 | 1,483,990 | 1,774,841 | 1,641,837 | 3,992,070 | 3,023,789 | 2,406,220 |
| Number Of Employees | 8 | 8 | 8 | 8 | 7 | 10 | 9 | 12 | 13 | 15 | 20 | 28 | 60 | 54 | 57 |
| EBITDA* | 1,271,667 | 1,793,202 | 1,809,798 | 259,802 | 444,137 | 692,185 | 381,600 | -833,145 | -2,058,019 | -2,313,218 | -1,930,690 | -475,253 | 3,197,249 | 961,466 | 985,718 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 9,083 | 13,625 | 853,179 | 140,326 | 123,573 | 133,971 | 206,400 | 204,896 | 236,043 | 281,199 | 51,292 | 512,805 | 150,539 | 235,411 | 244,367 |
| Intangible Assets | 6,183,483 | 5,379,608 | 4,296,368 | 2,776,842 | 2,290,470 | 2,761,563 | 2,875,200 | 3,594,727 | 4,007,937 | 5,949,644 | 6,942,198 | 5,115,119 | 3,338,496 | 930,492 | 594,097 |
| Investments & Other | 125,653 | 125,653 | 133,108 | 133,108 | 120,665 | 132,376 | 132,800 | 125,047 | 113,574 | 113,574 | 109,161 | 102,191 | |||
| Debtors (Due After 1 year) | 669,896 | 694,411 | 167,028 | ||||||||||||
| Total Fixed Assets | 6,988,116 | 5,518,886 | 5,149,546 | 2,917,167 | 2,414,043 | 2,895,534 | 3,081,600 | 3,799,623 | 4,243,979 | 6,230,842 | 7,269,678 | 5,627,924 | 3,489,034 | 1,165,902 | 838,463 |
| Stock & work in progress | 44,102 | 46,507 | 42,160 | 82,934 | 86,400 | 90,395 | 164,203 | 101,258 | 139,743 | 125,139 | 455,333 | 52,681 | |||
| Trade Debtors | 4,542 | 651,730 | 56,932 | 485,125 | 103,947 | 727,273 | 27,200 | 18,832 | 106,048 | 35,577 | 135,464 | 622,999 | 442,944 | 906,951 | 2,349,730 |
| Group Debtors | 9,600 | 54,237 | 101,943 | 2,488,368 | 123,627 | 193,302 | |||||||||
| Misc Debtors | 1,729,619 | 1,296,646 | 485,927 | 112,669 | 341,307 | 1,015,200 | 581,544 | 523,399 | 1,339,627 | 794,371 | 1,098,251 | 1,670,177 | 775,616 | 1,494,128 | |
| Cash | 890,167 | 70,396 | 524,416 | 11,226 | 26,168 | 3,987 | 12,000 | 31,638 | 24,630 | 235,358 | 10,521 | 65,254 | 1,647,875 | 1,068,021 | 234,211 |
| misc current assets | 112,448 | ||||||||||||||
| total current assets | 2,624,328 | 2,018,772 | 1,466,603 | 805,870 | 472,487 | 1,155,502 | 1,150,400 | 776,648 | 920,224 | 4,200,192 | 1,176,432 | 2,119,552 | 3,886,136 | 3,205,922 | 4,130,752 |
| total assets | 9,612,444 | 7,537,658 | 6,616,149 | 3,723,037 | 2,886,530 | 4,051,036 | 4,232,000 | 4,576,271 | 5,164,203 | 10,431,034 | 8,446,110 | 7,747,476 | 7,375,170 | 4,371,824 | 4,969,215 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 129,438 | 189,993 | 230,936 | 296,688 | 289,307 | 551,834 | 612,800 | 471,563 | 392,036 | 398,194 | 416,913 | 204,383 | 620,741 | 1,028,993 | 698,826 |
| Group/Directors Accounts | 4,881,962 | 289,927 | 232,933 | 68,550 | |||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 5,298 | 24,979 | |||||||||||||
| other current liabilities | 249,791 | 343,653 | 1,046,426 | 1,277,362 | 926,073 | 1,078,149 | 956,800 | 334,462 | 6,956,758 | 8,629,583 | 714,144 | 2,781,949 | 774,996 | 368,603 | 423,357 |
| total current liabilities | 384,528 | 558,625 | 1,277,363 | 1,574,052 | 1,215,381 | 1,629,984 | 1,569,600 | 806,026 | 7,348,796 | 9,027,778 | 6,013,020 | 2,986,333 | 1,685,665 | 1,630,529 | 1,190,733 |
| loans | 16,554,386 | 13,777,912 | 11,515,515 | 9,102,718 | 7,804,753 | 7,895,534 | 8,019,200 | 7,460,640 | |||||||
| hp & lease commitments | 4,541 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 16,554,386 | 13,782,454 | 11,515,515 | 9,102,718 | 7,804,753 | 7,895,534 | 8,019,200 | 7,460,640 | |||||||
| total liabilities | 16,938,915 | 14,341,079 | 12,792,878 | 10,676,770 | 9,020,134 | 9,525,518 | 9,588,800 | 8,266,666 | 7,348,796 | 9,027,778 | 6,013,020 | 2,986,333 | 1,685,665 | 1,630,529 | 1,190,733 |
| net assets | -7,326,470 | -6,803,421 | -6,176,730 | -6,953,733 | -6,133,605 | -5,474,482 | -5,356,800 | -3,690,396 | -2,184,592 | 1,403,256 | 2,433,090 | 4,761,142 | 5,689,505 | 2,741,295 | 3,778,482 |
| total shareholders funds | -7,326,470 | -6,803,421 | -6,176,730 | -6,953,733 | -6,133,605 | -5,474,482 | -5,356,800 | -3,690,395 | -2,184,592 | 1,403,257 | 2,433,090 | 4,761,143 | 5,689,506 | 2,741,296 | 3,778,483 |
| Dec 2023 | 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 | -6,812 | 1,128,605 | 995,911 | -617,432 | -660,028 | -413,876 | -1,170,400 | -2,642,561 | -3,899,152 | -2,335,796 | -2,864,470 | -968,973 | 2,848,470 | 841,284 | 874,643 |
| Depreciation | 5,299 | 7,569 | 6,415 | 3,207 | 1,454 | 797 | 4,000 | 17,326 | 12,315 | 22,578 | 53,265 | 83,723 | 147,441 | 104,696 | 95,208 |
| Amortisation | 1,273,181 | 657,028 | 807,473 | 874,027 | 1,102,711 | 1,105,263 | 1,548,000 | 1,792,090 | 1,828,817 | 880,515 | 409,997 | 201,338 | 15,487 | 15,867 | |
| Tax | 162,743 | 314,132 | 391,308 | 270,227 | 101,766 | 111,643 | 268,800 | 419,586 | 311,303 | 1,207,581 | 211,745 | 317,656 | -358,692 | -170,363 | -116,788 |
| Stock | -44,102 | -2,405 | 4,347 | -40,774 | -3,466 | -3,995 | -73,808 | 62,945 | 101,258 | -139,743 | 14,604 | -330,194 | 402,652 | 52,681 | |
| Debtors | 455,680 | 711,106 | 752,145 | 268,509 | -851,964 | 16,580 | 397,387 | -76,777 | -3,132,184 | 2,643,084 | -694,063 | -198,568 | 430,554 | -2,161,292 | 3,843,859 |
| Creditors | -60,556 | -40,943 | -65,753 | 7,381 | -262,527 | -60,966 | 141,237 | 79,527 | -6,158 | -18,719 | 212,530 | -416,358 | -408,252 | 330,167 | 698,826 |
| Accruals and Deferred Income | -93,862 | -702,773 | -230,936 | 351,289 | -152,076 | 121,349 | 622,338 | -6,622,296 | -1,672,825 | 7,915,439 | -2,067,805 | 2,006,953 | 406,393 | -54,754 | 423,357 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 824,313 | 696,614 | 1,154,678 | 615,843 | 1,024,038 | 851,096 | 1,020,583 | -6,805,743 | -356,461 | -2,740,414 | 1,616,962 | 2,736,338 | 2,825,157 | -1,905,427 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -7,455 | 12,443 | -11,711 | -424 | 7,753 | 11,473 | 4,413 | 6,970 | 102,191 | ||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -4,881,962 | 4,881,962 | 56,994 | 164,383 | 68,550 | ||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 2,776,474 | 2,262,397 | 2,412,797 | 1,297,965 | -90,781 | -123,666 | 558,560 | 7,460,640 | |||||||
| Hire Purchase and Lease Commitments | -24,222 | 29,520 | |||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -700,175 | -610,855 | -473,098 | -393,713 | -364,178 | -342,105 | -339,200 | -341,243 | -16,107 | ||||||
| cash flow from financing | 2,073,271 | 222,488 | 1,802,581 | 825,043 | -191,643 | 60,885 | -206,245 | 8,177,812 | -4,783,579 | 5,206,635 | -277,046 | -1,543,725 | 3,084,101 | ||
| cash and cash equivalents | |||||||||||||||
| cash | 819,771 | -454,020 | 513,190 | -14,942 | 22,181 | -8,013 | -19,638 | 7,008 | -210,728 | 224,837 | -54,733 | -1,582,621 | 579,854 | 833,810 | 234,211 |
| overdraft | |||||||||||||||
| change in cash | 819,771 | -454,020 | 513,190 | -14,942 | 22,181 | -8,013 | -19,638 | 7,008 | -210,728 | 224,837 | -54,733 | -1,582,621 | 579,854 | 833,810 | 234,211 |
etherstack wireless limited Credit Report and Business Information
Etherstack Wireless Limited Competitor Analysis
Perform a competitor analysis for etherstack wireless limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.
etherstack wireless limited Ownership
ETHERSTACK WIRELESS LIMITED group structure
Etherstack Wireless Limited has no subsidiary companies.
etherstack wireless limited directors
Etherstack Wireless Limited currently has 3 directors. The longest serving directors include Mr Paul Barnes (Jan 2006) and Mr David Deacon (Jan 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Barnes | England | 71 years | Jan 2006 | - | Director |
| Mr David Deacon | England | 55 years | Jan 2006 | - | Director |
| Mr Peter Stephens | United Kingdom | 69 years | Sep 2007 | - | Director |
P&L
December 2023turnover
2.6m
-16%
operating profit
-6.8k
-101%
gross margin
24%
-58.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-7.3m
+0.08%
total assets
9.6m
+0.28%
cash
890.2k
+11.65%
net assets
Total assets minus all liabilities
etherstack wireless limited company details
company number
05676080
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
26309 - Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)
incorporation date
January 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
etherstack london limited (November 2019)
etherstack limited (May 2012)
accountant
-
auditor
GRANT THORNTON UK LLP
address
suite 12, the blade, abbey square, reading, RG1 3BE
Bank
HSBC BANK PLC
Legal Advisor
-
etherstack wireless 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 etherstack wireless limited.
etherstack wireless limited Capital Raised & Share Issues BETA
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etherstack wireless limited Companies House Filings - See Documents
| date | description | view/download |
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