Cardonet Consultancy Ltd

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cardonet consultancy ltd Company Information

Live

EstablishedMidRapid

Company Number

06263199

Website

www.cardonet.co.uk

Registered Address

7 stean street, london, E8 4ED

Industry

Other information technology and computer service activities

Telephone

02078372444

Next Accounts Due

December 2024

Group Structure

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Directors

Isaac Heinrich17 Years

Sagi Saltoun17 Years

Shareholders

ccl london holdings limited 100%

cardonet consultancy ltd Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of CARDONET CONSULTANCY LTD at £7.4m based on a Turnover of £9m and 0.83x industry multiple (adjusted for size and gross margin).

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Cardonet Consultancy Ltd is a live company located in london, E8 4ED with a Companies House number of 06263199. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2007, it's largest shareholder is ccl london holdings limited with a 100% stake. Cardonet Consultancy Ltd is a established, mid sized company, Pomanda has estimated its turnover at £9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Cardonet Consultancy Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

1 Weak

Size

annual sales of £9m, make it larger than the average company (£5.9m)

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (6.3%)

EXPORT

Cardonet Consultancy Ltd's latest turnover from March 2023 is estimated at £9 million and the company has net assets of £2.3 million. According to their latest financial statements, Cardonet Consultancy Ltd has 49 employees and maintains cash reserves of £1.3 million 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	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	9,009,491	7,425,709	6,698,317	3,959,983	4,597,968	2,915,752	2,493,123	2,029,407	2,118,489	974,610	1,073,377	375,897	342,438	430,839
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,579,003	3,674,789	3,329,114	1,952,120	2,187,581	1,374,409	1,160,483	952,490	985,715	441,240	494,275	173,034	153,873	192,801
Gross Profit	4,430,488	3,750,919	3,369,203	2,007,862	2,410,386	1,541,343	1,332,640	1,076,917	1,132,775	533,370	579,101	202,863	188,565	238,037
Admin Expenses	4,164,879	3,445,097	2,804,371	2,251,873	2,069,798	705,900	1,242,922	835,117	903,648	419,273	434,632	253,594	57,188	197,248
Operating Profit	265,609	305,822	564,832	-244,011	340,588	835,443	89,718	241,800	229,127	114,097	144,469	-50,731	131,377	40,789
Interest Payable	49,921	38,606	18,300	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	59,654	11,970	1,128	486	3,362	2,031	602	681	1,038	1,360	695	596	700	326
Pre-Tax Profit	275,342	279,186	547,659	-243,525	343,951	837,474	90,320	242,481	230,166	115,457	145,163	-50,135	132,078	41,115
Tax	-52,315	-53,045	-104,055	0	-65,351	-159,120	-18,064	-48,496	-48,335	-26,555	-34,839	0	-36,982	-11,512
Profit After Tax	223,027	226,141	443,604	-243,525	278,600	678,354	72,256	193,985	181,831	88,902	110,324	-50,135	95,096	29,603
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	223,027	226,141	443,604	-243,525	278,600	678,354	72,256	193,985	181,831	88,902	110,324	-50,135	95,096	29,603
Employee Costs	3,238,642	3,994,984	3,570,099	1,726,818	1,725,588	1,657,159	1,238,226	795,461	800,541	363,403	399,030	150,486	145,521	192,692
Number Of Employees	49	63	59	30	30	30	23	15	15	7	8	3	3	4
EBITDA*	278,283	317,148	565,897	-242,170	342,429	846,544	118,264	269,571	256,898	114,431	144,552	-50,059	132,049	41,461

* 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	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	29,649	33,978	1	1,066	2,907	4,748	865,962	891,409	919,180	4,327	0	83	755	1,427
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	29,649	33,978	1	1,066	2,907	4,748	865,962	891,409	919,180	4,327	0	83	755	1,427
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,804,822	1,210,596	1,110,028	727,994	927,807	457,402	371,388	330,710	342,818	148,638	171,225	56,364	52,302	55,669
Group Debtors	873,362	947,188	895,112	895,112	1,115,076	809,555	0	0	0	0	0	0	0	0
Misc Debtors	75,424	0	21,156	41,871	47,348	769	0	0	0	0	0	0	0	0
Cash	1,252,827	1,554,432	1,637,623	617,651	354,460	542,149	270,100	211,757	60,631	354,728	189,324	88,525	149,713	130,459
misc current assets	0	0	0	0	4,147	9,150	0	0	0	0	0	0	0	0
total current assets	4,006,435	3,712,216	3,663,919	2,282,628	2,448,838	1,819,025	641,488	542,467	403,449	503,366	360,549	144,889	202,015	186,128
total assets	4,036,084	3,746,194	3,663,920	2,283,694	2,451,745	1,823,773	1,507,450	1,433,876	1,322,629	507,693	360,549	144,972	202,770	187,555
Bank overdraft	119,732	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	562,469	305,471	241,239	205,146	374,156	185,986	330,862	348,735	404,550	233,901	175,659	70,406	78,069	157,950
Group/Directors Accounts	25,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	690,352	791,813	943,784	643,255	398,771	237,569	0	0	0	0	0	0	0	0
total current liabilities	1,397,553	1,097,284	1,185,023	848,401	772,927	423,555	330,862	348,735	404,550	233,901	175,659	70,406	78,069	157,950
loans	310,466	543,872	600,000	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	454,724	435,533	462,456	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	310,466	543,872	600,000	0	0	0	454,724	435,533	462,456	0	0	0	0	0
total liabilities	1,708,019	1,641,156	1,785,023	848,401	772,927	423,555	785,586	784,268	867,006	233,901	175,659	70,406	78,069	157,950
net assets	2,328,065	2,105,038	1,878,897	1,435,293	1,678,818	1,400,218	721,864	649,608	455,623	273,792	184,890	74,566	124,701	29,605
total shareholders funds	2,328,065	2,105,038	1,878,897	1,435,293	1,678,818	1,400,218	721,864	649,608	455,623	273,792	184,890	74,566	124,701	29,605

	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	265,609	305,822	564,832	-244,011	340,588	835,443	89,718	241,800	229,127	114,097	144,469	-50,731	131,377	40,789
Depreciation	12,674	11,326	1,065	1,841	1,841	11,101	28,546	27,771	27,771	334	83	672	672	672
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-52,315	-53,045	-104,055	0	-65,351	-159,120	-18,064	-48,496	-48,335	-26,555	-34,839	0	-36,982	-11,512
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	595,824	131,488	361,319	-425,254	822,505	896,338	40,678	-12,108	194,180	-22,587	114,861	4,062	-3,367	55,669
Creditors	256,998	64,232	36,093	-169,010	188,170	-144,876	-17,873	-55,815	170,649	58,242	105,253	-7,663	-79,881	157,950
Accruals and Deferred Income	-101,461	-151,971	300,529	244,484	161,202	237,569	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-214,319	44,876	437,145	258,558	-196,055	-116,221	41,649	177,368	185,032	168,705	100,105	-61,784	18,553	132,230
Investing Activities
capital expenditure	-8,345	-45,303	0	0	0	850,113	-3,099	0	-942,624	-4,661	0	0	0	-2,099
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,345	-45,303	0	0	0	850,113	-3,099	0	-942,624	-4,661	0	0	0	-2,099
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	25,000	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	-233,406	-56,128	600,000	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	-454,724	19,191	-26,923	462,456	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	9,733	-26,636	-17,172	486	3,362	2,031	602	681	1,038	1,360	695	596	700	326
cash flow from financing	-198,673	-82,764	582,828	486	3,362	-452,693	19,793	-26,242	463,494	1,360	695	596	700	328
cash and cash equivalents
cash	-301,605	-83,191	1,019,972	263,191	-187,689	272,049	58,343	151,126	-294,097	165,404	100,799	-61,188	19,254	130,459
overdraft	119,732	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-421,337	-83,191	1,019,972	263,191	-187,689	272,049	58,343	151,126	-294,097	165,404	100,799	-61,188	19,254	130,459

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CARDONET CONSULTANCY LTD group structure

Cardonet Consultancy Ltd has no subsidiary companies.

Ultimate parent company

CCL LONDON HOLDINGS LIMITED

10497026

1 parent

CARDONET CONSULTANCY LTD

06263199

CARDONET CONSULTANCY LTD Shareholders

ccl london holdings limited

100%

Cardonet Consultancy Ltd currently has 2 directors. The longest serving directors include Mr Isaac Heinrich (May 2007) and Mr Sagi Saltoun (May 2007).

officer	country	age	start	end	role
Mr Isaac Heinrich	United Kingdom	65 years	May 2007	-	Director
Mr Sagi Saltoun	United Kingdom	48 years	May 2007	-	Director

P&L

March 2023

turnover

+21%

operating profit

265.6k

gross margin

49.2%

-2.65%

turnover

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

Balance Sheet

March 2023

net assets

2.3m

+0.11%

total assets

+0.08%

cash

1.3m

-0.19%

net assets

Total assets minus all liabilities

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company number

06263199

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

May 2007

ultimate parent company

CCL LONDON HOLDINGS LIMITED

previous names

N/A

address

7 stean street, london, E8 4ED

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.

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cardonet consultancy ltd Company Information

cardonet consultancy ltd Estimated Valuation

cardonet consultancy ltd Estimated Valuation

cardonet consultancy ltd Estimated Valuation

Cardonet Consultancy Ltd Overview

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CARDONET CONSULTANCY LTD financials

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