ivy network technology u.k. limited
ivy network technology u.k. limited Company Information
Company Number
05712338
Website
iqormarketplace.comRegistered Address
17 walkergate, berwick-upon-tweed, TD15 1DJ
Industry
Other telecommunications activities
Telephone
-
Next Accounts Due
14 days late
Group Structure
View All
Shareholders
iqor network technology netherlands b.v. 100%
ivy network technology u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of IVY NETWORK TECHNOLOGY U.K. LIMITED at £36.1m based on a Turnover of £22.1m and 1.63x industry multiple (adjusted for size and gross margin).
ivy network technology u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of IVY NETWORK TECHNOLOGY U.K. LIMITED at £24.4m based on an EBITDA of £4.1m and a 5.98x industry multiple (adjusted for size and gross margin).
ivy network technology u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of IVY NETWORK TECHNOLOGY U.K. LIMITED at £25.3m based on Net Assets of £8.3m and 3.04x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ivy Network Technology U.k. Limited Overview
Ivy Network Technology U.k. Limited is a live company located in berwick-upon-tweed, TD15 1DJ with a Companies House number of 05712338. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in February 2006, it's largest shareholder is iqor network technology netherlands b.v. with a 100% stake. Ivy Network Technology U.k. Limited is a established, large sized company, Pomanda has estimated its turnover at £22.1m with rapid growth in recent years.
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Ivy Network Technology U.k. Limited Health Check
Pomanda's financial health check has awarded Ivy Network Technology U.K. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £22.1m, make it larger than the average company (£12.2m)
£22.1m - Ivy Network Technology U.k. Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 122%, show it is growing at a faster rate (3.5%)
- Ivy Network Technology U.k. Limited
3.5% - Industry AVG
Production
with a gross margin of 49.3%, this company has a lower cost of product (38.9%)
49.3% - Ivy Network Technology U.k. Limited
38.9% - Industry AVG
Profitability
an operating margin of 18.1% make it more profitable than the average company (4.1%)
18.1% - Ivy Network Technology U.k. Limited
4.1% - Industry AVG
Employees
with 50 employees, this is similar to the industry average (50)
50 - Ivy Network Technology U.k. Limited
50 - Industry AVG
Pay Structure
on an average salary of £132.6k, the company has a higher pay structure (£60.9k)
£132.6k - Ivy Network Technology U.k. Limited
£60.9k - Industry AVG
Efficiency
resulting in sales per employee of £442.8k, this is more efficient (£228.4k)
£442.8k - Ivy Network Technology U.k. Limited
£228.4k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (38 days)
50 days - Ivy Network Technology U.k. Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (44 days)
13 days - Ivy Network Technology U.k. Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (11 days)
0 days - Ivy Network Technology U.k. Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (8 weeks)
18 weeks - Ivy Network Technology U.k. Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.6%, this is a lower level of debt than the average (66%)
39.6% - Ivy Network Technology U.k. Limited
66% - Industry AVG
IVY NETWORK TECHNOLOGY U.K. LIMITED financials
Ivy Network Technology U.K. Limited's latest turnover from December 2022 is £22.1 million and the company has net assets of £8.3 million. According to their latest financial statements, Ivy Network Technology U.K. Limited has 50 employees and maintains cash reserves of £1.9 million 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 | Aug 2013 | Aug 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,139,976 | 30,209,122 | 6,820,913 | 5,477,306 | 6,167,042 | 6,646,819 | 5,334,066 | 3,403,274 | 2,445,948 | 3,727,818 | 2,813,213 | 3,114,869 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 11,225,425 | 16,945,916 | 4,664,608 | 1,527,168 | 1,513,203 | 2,703,866 | 1,280,394 | 769,566 | 485,361 | 928,305 | 708,847 | 892,317 | ||
| Gross Profit | 10,914,551 | 13,263,206 | 2,156,305 | 3,950,138 | 4,653,839 | 3,942,953 | 4,053,672 | 2,633,708 | 1,960,587 | 2,799,513 | 2,104,366 | 2,222,552 | ||
| Admin Expenses | 6,903,073 | 6,608,123 | 6,631,762 | 3,694,970 | 4,466,992 | 4,426,641 | 3,942,041 | 2,782,111 | 1,570,440 | 2,059,294 | 1,839,617 | 1,868,136 | ||
| Operating Profit | 4,011,478 | 6,655,083 | -4,475,457 | 255,168 | 186,847 | -483,688 | 111,631 | -148,403 | 390,147 | 740,219 | 264,749 | 354,416 | ||
| Interest Payable | 142,989 | 23,916 | 0 | 0 | 0 | 0 | 0 | 0 | 168 | 4,630 | 9,257 | 14 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 434 | ||
| Pre-Tax Profit | 3,868,489 | 6,631,167 | -4,538,391 | -255,168 | 186,847 | -483,688 | 111,631 | -148,403 | 389,979 | 715,744 | -26,443 | 354,402 | ||
| Tax | -799,504 | -1,137,464 | 48,583 | -42,574 | -74,892 | 57,734 | -30,924 | 20,997 | -92,546 | 0 | 0 | 0 | ||
| Profit After Tax | 3,068,985 | 5,493,703 | -4,489,808 | -297,742 | 111,955 | -425,954 | 80,707 | -127,406 | 297,433 | 715,744 | -26,443 | 354,402 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 3,068,985 | 5,493,703 | -4,489,808 | -297,742 | 111,955 | -425,954 | 80,707 | -127,406 | 297,433 | 715,744 | -26,443 | 354,402 | ||
| Employee Costs | 6,629,008 | 6,026,446 | ||||||||||||
| Number Of Employees | 50 | 48 | 34 | 29 | 74 | 47 | 57 | 72 | ||||||
| EBITDA* | 4,084,794 | 6,676,219 | -4,385,490 | 356,689 | 399,877 | -343,279 | 242,168 | -79,445 | 440,837 | 846,025 | 370,813 | 451,759 |
* 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 | Aug 2013 | Aug 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 130,552 | 203,868 | 99,330 | 0 | 1,884 | 366,060 | 422,343 | 631,268 | 651,967 | 734,328 | 682,109 | 665,677 | 442,644 | 535,751 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 130,552 | 203,868 | 99,330 | 0 | 1,884 | 366,060 | 422,343 | 631,268 | 651,967 | 734,328 | 682,109 | 665,677 | 442,644 | 535,751 |
| Stock & work in progress | 28,835 | 9,753 | 0 | 0 | 0 | 463,427 | 825,141 | 841,878 | 374,467 | 317,356 | 356,950 | 227,883 | 59,618 | 31,683 |
| Trade Debtors | 3,041,210 | 1,334,713 | 0 | 510 | 303,347 | 548,620 | 1,126,904 | 514,203 | 569,878 | 562,467 | 504,948 | 759,199 | 389,394 | 456,739 |
| Group Debtors | 8,451,961 | 3,530,960 | 427,163 | 417,415 | 168,265 | 9,346 | 70,115 | 1,077,851 | 179,130 | 112,351 | 0 | 0 | 0 | 0 |
| Misc Debtors | 222,217 | 667,586 | 652,156 | 13,077 | 502,744 | 598,835 | 377,351 | 185,686 | 240,083 | 193,388 | 99,844 | 96,218 | 121,396 | 31,752 |
| Cash | 1,912,990 | 3,187,429 | 26,505 | 87,471 | 673,602 | 349,670 | 797,266 | 48,035 | 152,432 | 27,524 | 43,900 | 15,711 | 160,266 | 36,269 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 13,657,213 | 8,730,441 | 1,105,824 | 518,473 | 1,647,958 | 1,969,898 | 3,196,777 | 2,667,653 | 1,515,990 | 1,213,086 | 1,005,642 | 1,099,011 | 730,674 | 556,443 |
| total assets | 13,787,765 | 8,934,309 | 1,205,154 | 518,473 | 1,649,842 | 2,335,958 | 3,619,120 | 3,298,921 | 2,167,957 | 1,947,414 | 1,687,751 | 1,764,688 | 1,173,318 | 1,092,194 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,164 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 411,928 | 193,170 | 68,649 | 10,539 | 72,816 | 106,675 | 173,047 | 233,173 | 135,055 | 160,638 | 146,839 | 264,531 | 146,163 | 212,216 |
| Group/Directors Accounts | 2,178,630 | 1,465,393 | 834,124 | 2,105,360 | 3,148,764 | 1,306,803 | 2,111,677 | 1,595,825 | 563,239 | 389,355 | 888,021 | 1,262,919 | 1,439,330 | 1,560,552 |
| other short term finances | 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 |
| other current liabilities | 2,867,085 | 1,930,641 | 353,026 | 233,035 | 832,816 | 155,883 | 264,150 | 498,575 | 90,496 | 94,885 | 176,962 | 81,581 | 377,513 | 82,671 |
| total current liabilities | 5,457,643 | 3,589,204 | 1,255,799 | 2,348,934 | 4,054,396 | 1,569,361 | 2,548,874 | 2,327,573 | 788,790 | 644,878 | 1,211,822 | 1,614,195 | 1,963,006 | 1,855,439 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 0 | 0 |
| provisions | 0 | 9,143 | 0 | 0 | 1,367,240 | 48,583 | 54,490 | 67,547 | 49,412 | 53,488 | 28,003 | 0 | 0 | 0 |
| total long term liabilities | 0 | 9,143 | 0 | 0 | 1,367,240 | 48,583 | 54,490 | 67,547 | 49,412 | 53,488 | 28,003 | 0 | 0 | 0 |
| total liabilities | 5,457,643 | 3,598,347 | 1,255,799 | 2,348,934 | 5,421,636 | 1,617,944 | 2,603,364 | 2,395,120 | 838,202 | 698,366 | 1,239,825 | 1,614,195 | 1,963,006 | 1,855,439 |
| net assets | 8,330,122 | 5,335,962 | -50,645 | -1,830,461 | -3,771,794 | 718,014 | 1,015,756 | 903,801 | 1,329,755 | 1,249,048 | 447,926 | 150,493 | -789,688 | -763,245 |
| total shareholders funds | 8,330,122 | 5,335,962 | -50,645 | -1,830,461 | -3,771,794 | 718,014 | 1,015,756 | 903,801 | 1,329,755 | 1,249,048 | 447,926 | 150,493 | -789,688 | -763,245 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Aug 2013 | Aug 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,011,478 | 6,655,083 | -4,475,457 | 255,168 | 186,847 | -483,688 | 111,631 | -148,403 | 390,147 | 740,219 | 264,749 | 354,416 | ||
| Depreciation | 73,316 | 21,136 | 0 | 786 | 89,967 | 101,521 | 213,030 | 140,409 | 130,537 | 68,958 | 50,690 | 105,806 | 106,064 | 97,343 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -799,504 | -1,137,464 | 48,583 | -42,574 | -74,892 | 57,734 | -30,924 | 20,997 | -92,546 | 0 | 0 | 0 | ||
| Stock | 19,082 | 9,753 | 0 | 0 | -463,427 | -361,714 | -16,737 | 467,411 | 57,111 | -39,594 | 129,067 | 168,265 | 27,935 | 31,683 |
| Debtors | 6,182,129 | 4,453,940 | 648,317 | -543,354 | -182,445 | -417,569 | -203,370 | 788,649 | 120,885 | 263,414 | -250,625 | 344,627 | 22,299 | 488,491 |
| Creditors | 218,758 | 124,521 | 58,110 | -62,277 | -33,859 | -66,372 | -60,126 | 98,118 | -25,583 | 13,799 | -117,692 | 118,368 | -66,053 | 212,216 |
| Accruals and Deferred Income | 936,444 | 1,577,615 | 119,991 | -599,781 | 676,933 | -108,267 | -234,425 | 408,079 | -4,389 | -82,077 | 95,381 | -295,932 | 294,842 | 82,671 |
| Deferred Taxes & Provisions | -9,143 | 9,143 | 0 | -1,367,240 | 1,318,657 | -5,907 | -13,057 | 18,135 | -4,076 | 25,485 | 28,003 | 0 | 0 | 0 |
| Cash flow from operations | -1,769,862 | 2,786,341 | -1,729,304 | 912,852 | 237,484 | -1,017,273 | -800 | -325,061 | 475,541 | 155,569 | 549,368 | 226,472 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 713,237 | 631,269 | -1,271,236 | -1,043,404 | 1,841,961 | -804,874 | 515,852 | 1,032,586 | 173,884 | -498,666 | -374,898 | -176,411 | -121,222 | 1,560,552 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -142,989 | -23,916 | 0 | 0 | 0 | 0 | 0 | 0 | -168 | -4,630 | -9,257 | 420 | ||
| cash flow from financing | 495,423 | 500,257 | 1,841,961 | -804,874 | 515,852 | 1,032,586 | 173,884 | 429,862 | -375,066 | 43,396 | -130,479 | 443,325 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -1,274,439 | 3,160,924 | -60,966 | -586,131 | 323,932 | -447,596 | 749,231 | -104,397 | 124,908 | -16,376 | 28,189 | -144,555 | 123,997 | 36,269 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,164 | 5,164 | 0 | 0 |
| change in cash | -1,274,439 | 3,160,924 | -60,966 | -586,131 | 323,932 | -447,596 | 749,231 | -104,397 | 124,908 | -16,376 | 33,353 | -149,719 | 123,997 | 36,269 |
ivy network technology u.k. limited Credit Report and Business Information
Ivy Network Technology U.k. Limited Competitor Analysis
Perform a competitor analysis for ivy network technology u.k. limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in TD15 area or any other competitors across 12 key performance metrics.
ivy network technology u.k. limited Ownership
IVY NETWORK TECHNOLOGY U.K. LIMITED group structure
Ivy Network Technology U.K. Limited has no subsidiary companies.
Ultimate parent company
IQOR HOLDINGS INC
#0060525
IQOP NETWORK TECHNOLOGY NETHERLAND BV
#0088455
2 parents
IVY NETWORK TECHNOLOGY U.K. LIMITED
05712338
ivy network technology u.k. limited directors
Ivy Network Technology U.K. Limited currently has 4 directors. The longest serving directors include Mr David Harrison (Oct 2019) and Mr John Orleans (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Harrison | England | 49 years | Oct 2019 | - | Director |
| Mr John Orleans | Ireland | 52 years | Jul 2020 | - | Director |
| Ms Caitriona Donnelly | Ireland | 49 years | Jul 2020 | - | Director |
| Mr Donal Breen | Ireland | 57 years | Jul 2020 | - | Director |
P&L
December 2022turnover
22.1m
-27%
operating profit
4m
-40%
gross margin
49.3%
+12.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.3m
+0.56%
total assets
13.8m
+0.54%
cash
1.9m
-0.4%
net assets
Total assets minus all liabilities
ivy network technology u.k. limited company details
company number
05712338
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
February 2006
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
iqor network technology u.k. ltd (September 2019)
telmar network technology limited (October 2014)
See moreaccountant
-
auditor
MHA
address
17 walkergate, berwick-upon-tweed, TD15 1DJ
Bank
-
Legal Advisor
-
ivy network technology u.k. 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 ivy network technology u.k. limited.
ivy network technology u.k. limited Companies House Filings - See Documents
| date | description | view/download |
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