Nynet Limited

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nynet limited Company Information

Company Number

06069791

Next Accounts

Dec 2025

Directors

Richard Doyle

Richard Flinton

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Shareholders

north yorkshire county council

Group Structure

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Industry

Wired telecommunications activities

Registered Address

80 high street, starbeck, harrogate, HG2 7LW

Website

www.nynet.co.uk

nynet limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of NYNET LIMITED at £4.8m based on an EBITDA of £1.2m and a 3.94x industry multiple (adjusted for size and gross margin).

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Nynet Limited is a live company located in harrogate, HG2 7LW with a Companies House number of 06069791. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in January 2007, it's largest shareholder is north yorkshire county council with a 100% stake. Nynet Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with low growth in recent years.

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Pomanda's financial health check has awarded Nynet Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

9 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£4.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (7.4%)

EXPORT

Nynet Limited's latest turnover from March 2024 is £2.6 million and the company has net assets of -£2.1 million. According to their latest financial statements, Nynet Limited has 18 employees and maintains cash reserves of £1.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,632,453	2,427,327	2,476,640	2,497,537	2,280,782	4,089,570	4,166,915	4,441,952	4,940,280	5,266,179	8,071,563	8,432,322	8,384,545	7,080,490	4,789,967
Other Income Or Grants
Cost Of Sales	1,025,043	913,331	1,050,696	1,448,130	1,173,178	1,850,184	1,885,611	1,599,498	1,539,595	2,009,720	7,208,163	6,624,969	6,513,418	5,580,866	4,615,879
Gross Profit	1,607,410	1,513,996	1,425,944	1,049,407	1,107,604	2,239,386	2,281,304	2,842,454	3,400,685	3,256,459	863,400	1,807,353	1,871,127	1,499,624	174,088
Admin Expenses	1,201,357	1,123,516	1,050,644	1,055,755	869,632	1,232,485	914,561	1,747,147	1,743,283	2,079,897	1,149,566	3,427,350	1,630,104	1,940,092	1,971,577
Operating Profit	406,053	390,480	375,300	-6,348	237,972	1,006,901	1,366,743	1,095,307	1,657,402	1,176,562	-286,166	-1,619,997	241,023	-440,468	-1,797,489
Interest Payable		656,195					30,858	137,851	210,928	166,299	261,902	246,910	245,461	257,227	111,299
Interest Receivable			91,017	31,249	135,235	69,670				55		7,519
Pre-Tax Profit	406,053	-265,715	466,317	24,901	373,207	1,076,571	1,335,885	957,456	1,446,475	1,010,318	-548,068	-1,859,388	-4,438	-697,695	-1,908,788
Tax	-1,763	-6,457	-9,834	31,394	-1,897	-184,082	-345,364				10,576	8,756	185,598	291,798	900,407
Profit After Tax	404,290	-272,172	456,483	56,295	371,310	892,489	990,521	957,456	1,446,475	1,010,318	-537,492	-1,850,632	181,160	-405,897	-1,008,381
Dividends Paid
Retained Profit	404,290	-272,172	456,483	56,295	371,310	892,489	990,521	957,456	1,446,475	1,010,318	-537,492	-1,850,632	181,160	-405,897	-1,008,381
Employee Costs	1,123,095	1,104,084	1,077,823	1,142,415	877,667	1,127,993	1,115,594	1,086,105	1,162,047	1,288,110	1,406,429	1,096,918	1,261,802	990,367	852,774
Number Of Employees	18	17	18	19	20	20	20	22	22	24	24	19	17	16	16
EBITDA*	1,230,031	1,287,909	430,605	48,957	265,115	1,253,014	3,026,028	1,861,411	2,376,663	1,987,599	1,753,954	-1,205,940	913,383	310,675	-1,028,549

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	14,694,627	15,256,118	15,656,376	13,712,167	5,695,956	46,799	254,822	1,914,107	2,680,211	2,632,875	3,268,631	3,793,250	4,103,621	4,775,981	5,523,992
Intangible Assets
Investments & Other	1	1	1	1	1	1	1	1	1	1	1	1	1
Debtors (Due After 1 year)												1,040,767
Total Fixed Assets	14,694,628	15,256,119	15,656,377	13,712,168	5,695,957	46,800	254,823	1,914,108	2,680,212	2,632,876	3,268,632	4,834,018	4,103,622	4,775,981	5,523,992
Stock & work in progress	375,400	412,350	312,411	312,411	312,411	246,054	246,054	246,054	246,054	246,054	246,054	475,266
Trade Debtors	415,415	612,792	550,356	824,503	333,440	417,651	326,742	394,482	2,362,768	241,881	117,808	57,551	31,391	160,444	211,171
Group Debtors	315,251	315,251				2,652,806	1,996,076	2,796,013		2,456,164	65,006	2,775,314	728,010	141,114	43,170
Misc Debtors	241,635	4,301,008	4,622,900	5,437,162	5,890,596	3,412,989	1,204,943	1,236,975		622,967	757,517	1,125,691	2,100,670	3,463,551	3,149,592
Cash	1,808	3,078	15,920	3,573		1		8,014	763	718	760	1	17,650	22,724	1
misc current assets
total current assets	1,349,509	5,644,479	5,501,587	6,577,649	6,536,447	6,729,501	3,773,815	4,681,538	2,609,585	3,567,784	1,187,145	4,433,823	2,877,721	3,787,833	3,403,934
total assets	16,044,137	20,900,598	21,157,964	20,289,817	12,232,404	6,776,301	4,028,638	6,595,646	5,289,797	6,200,660	4,455,777	9,267,841	6,981,343	8,563,814	8,927,926
Bank overdraft												19,317			153
Bank loan
Trade Creditors	57,620	21,403	257,132	119,692	36,554	16,641	181,209	185,209	11,183,014	199,953	1,047,367	739,638	698,111	1,314,741	478,846
Group/Directors Accounts				224,234		1,729,452	1,714,431	1,577,815		1,840,732	2,481,429	57,665	59,417	206,761
other short term finances											580,791	1,161,582
hp & lease commitments
other current liabilities	1,081,417	2,563,006	1,862,992	1,026,547	9,908,309	8,159,296	5,640,440	9,233,452		6,611,324	842,730	4,989,820	2,096,450	1,887,793	5,138,374
total current liabilities	1,139,037	2,584,409	2,120,124	1,370,473	9,944,863	9,905,389	7,536,080	10,996,476	11,183,014	8,652,009	4,952,317	6,968,022	2,853,978	3,409,295	5,617,373
loans	3,151,496	6,196,514		7,862,948			604,136	611,269	76,338	4,964,681	7,929,808	7,835,617	7,066,501	7,628,877	4,924,234
hp & lease commitments
Accruals and Deferred Income
other liabilities	13,866,487	14,636,848	21,282,841	13,757,880	5,045,320
provisions													8,756	106,749	94,458
total long term liabilities	17,017,983	20,833,362	21,282,841	21,620,828	5,045,320		604,136	611,269	76,338	4,964,681	7,929,808	7,835,617	7,075,257	7,735,626	5,018,692
total liabilities	18,157,020	23,417,771	23,402,965	22,991,301	14,990,183	9,905,389	8,140,216	11,607,745	11,259,352	13,616,690	12,882,125	14,803,639	9,929,235	11,144,921	10,636,065
net assets	-2,112,883	-2,517,173	-2,245,001	-2,701,484	-2,757,779	-3,129,088	-4,111,578	-5,012,099	-5,969,555	-7,416,030	-8,426,348	-5,535,798	-2,947,892	-2,581,107	-1,708,139
total shareholders funds	-2,112,883	-2,517,173	-2,245,001	-2,701,484	-2,757,779	-3,129,088	-4,111,578	-5,012,099	-5,969,555	-7,416,030	-8,426,348	-5,535,798	-2,947,892	-2,581,107	-1,708,139

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	406,053	390,480	375,300	-6,348	237,972	1,006,901	1,366,743	1,095,307	1,657,402	1,176,562	-286,166	-1,619,997	241,023	-440,468	-1,797,489
Depreciation	823,978	897,429	55,305	55,305	27,143	246,113	1,659,285	766,104	719,261	811,037	2,040,120	414,057	672,360	751,143	768,940
Amortisation
Tax	-1,763	-6,457	-9,834	31,394	-1,897	-184,082	-345,364				10,576	8,756	185,598	291,798	900,407
Stock	-36,950	99,939			66,357						-229,212	475,266
Debtors	-4,256,750	55,795	-1,088,409	37,629	-259,410	2,955,685	-899,709	2,064,702	-958,244	2,380,681	-4,058,992	2,139,252	-905,038	361,176	3,403,933
Creditors	36,217	-235,729	137,440	83,138	19,913	-164,568	-4,000	-10,997,805	10,983,061	-847,414	307,729	41,527	-616,630	835,895	478,846
Accruals and Deferred Income	-1,481,589	700,014	836,445	-8,881,762	1,749,013	2,518,856	-3,593,012	9,233,452	-6,611,324	5,768,594	-4,147,090	2,893,370	208,657	-3,250,581	5,138,374
Deferred Taxes & Provisions												-8,756	-97,993	12,291	94,458
Cash flow from operations	4,076,596	1,590,003	2,483,065	-8,755,902	2,225,197	467,535	-16,639	-1,967,644	7,706,644	4,528,098	2,213,373	-885,561	1,498,053	-2,161,098	2,179,603
Investing Activities
capital expenditure	-262,487	-497,171	-1,999,514	-8,071,516	-5,676,300	-38,090			-766,597	-175,281	-1,515,501	-103,686		-3,132	-6,292,932
Change in Investments													1
cash flow from investments	-262,487	-497,171	-1,999,514	-8,071,516	-5,676,300	-38,090			-766,597	-175,281	-1,515,501	-103,686	-1	-3,132	-6,292,932
Financing Activities
Bank loans
Group/Directors Accounts			-224,234	224,234	-1,729,452	15,021	136,616	1,577,815	-1,840,732	-640,697	2,423,764	-1,752	-147,344	206,761
Other Short Term Loans										-580,791	-580,791	1,161,582
Long term loans	-3,045,018	6,196,514	-7,862,948	7,862,948		-604,136	-7,133	534,931	-4,888,343	-2,965,127	94,191	769,116	-562,376	2,704,643	4,924,234
Hire Purchase and Lease Commitments
other long term liabilities	-770,361	-6,645,993	7,524,961	8,712,560	5,045,320
share issue					-1	90,001	-90,000				-2,353,058	-737,274	-547,945	-467,071	-699,758
interest		-656,195	91,017	31,249	135,235	69,670	-30,858	-137,851	-210,928	-166,244	-261,902	-239,391	-245,461	-257,227	-111,299
cash flow from financing	-3,815,379	-1,105,674	-471,204	16,830,991	3,451,102	-429,444	8,625	1,974,895	-6,940,003	-4,352,859	-677,796	952,281	-1,503,126	2,187,106	4,113,177
cash and cash equivalents
cash	-1,270	-12,842	12,347	3,573	-1	1	-8,014	7,251	45	-42	759	-17,649	-5,074	22,723	1
overdraft											-19,317	19,317		-153	153
change in cash	-1,270	-12,842	12,347	3,573	-1	1	-8,014	7,251	45	-42	20,076	-36,966	-5,074	22,876	-152

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NYNET LIMITED group structure

Nynet Limited has 1 subsidiary company.

Ultimate parent company

NORTH YORKSHIRE COUNTY COUNCIL

#0014711

1 parent

NYNET LIMITED

06069791

1 subsidiary

NYNET 100 LIMITED

07933150

NYNET LIMITED Shareholders

north yorkshire county council

100%

Nynet Limited currently has 8 directors. The longest serving directors include Mr Richard Doyle (Oct 2008) and Mr Richard Flinton (Sep 2010).

officer	country	age	start	end	role
Mr Richard Doyle		68 years	Oct 2008	-	Director
Mr Richard Flinton	England	60 years	Sep 2010	-	Director
Mr Carl Les	United Kingdom	75 years	Jun 2013	-	Director
Mr Peter Scrope		70 years	Jan 2018	-	Director
Mr Jan Khan	England	51 years	Jun 2020	-	Director
Mr Graham Warren	England	62 years	Feb 2021	-	Director
Mr Alastair Taylor	England	39 years	Nov 2021	-	Director
Mr Mark Crane	England	65 years	Jul 2024	-	Director

P&L

March 2024

turnover

2.6m

+8%

operating profit

406.1k

+4%

gross margin

61.1%

-2.1%

turnover

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

Balance Sheet

March 2024

net assets

-2.1m

-0.16%

total assets

16m

-0.23%

cash

1.8k

-0.41%

net assets

Total assets minus all liabilities

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company number

06069791

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

incorporation date

January 2007

ultimate parent company

NORTH YORKSHIRE COUNTY COUNCIL

previous names

N/A

address

80 high street, starbeck, harrogate, HG2 7LW

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nynet limited Company Information

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nynet limited Estimated Valuation

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