glo-networks limited
glo-networks limited Company Information
Company Number
06344510
Next Accounts
Jun 2025
Shareholders
glo-networks employee ownership trustee ltd
christopher connor
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
unit 10 bridgend business park, bennett street, bridgend, mid glamorgan, CF31 3SH
Website
http://glo.systemsglo-networks limited Estimated Valuation
Pomanda estimates the enterprise value of GLO-NETWORKS LIMITED at £933.2k based on a Turnover of £1.3m and 0.7x industry multiple (adjusted for size and gross margin).
glo-networks limited Estimated Valuation
Pomanda estimates the enterprise value of GLO-NETWORKS LIMITED at £1.1m based on an EBITDA of £215.7k and a 4.97x industry multiple (adjusted for size and gross margin).
glo-networks limited Estimated Valuation
Pomanda estimates the enterprise value of GLO-NETWORKS LIMITED at £487.8k based on Net Assets of £213.4k and 2.29x industry multiple (adjusted for liquidity).
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Glo-networks Limited Overview
Glo-networks Limited is a live company located in bridgend, CF31 3SH with a Companies House number of 06344510. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 2007, it's largest shareholder is glo-networks employee ownership trustee ltd with a 51% stake. Glo-networks Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.
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Glo-networks Limited Health Check
Pomanda's financial health check has awarded Glo-Networks Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
2 Weak
Size
annual sales of £1.3m, make it in line with the average company (£1.3m)
- Glo-networks Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (6.8%)
- Glo-networks Limited
6.8% - Industry AVG
Production
with a gross margin of 48.8%, this company has a comparable cost of product (48.8%)
- Glo-networks Limited
48.8% - Industry AVG
Profitability
an operating margin of 14.1% make it more profitable than the average company (6.8%)
- Glo-networks Limited
6.8% - Industry AVG
Employees
with 17 employees, this is above the industry average (12)
17 - Glo-networks Limited
12 - Industry AVG
Pay Structure
on an average salary of £56.7k, the company has an equivalent pay structure (£56.7k)
- Glo-networks Limited
£56.7k - Industry AVG
Efficiency
resulting in sales per employee of £77.9k, this is less efficient (£126.2k)
- Glo-networks Limited
£126.2k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (63 days)
- Glo-networks Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is close to average (29 days)
- Glo-networks Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glo-networks Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (18 weeks)
24 weeks - Glo-networks Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.3%, this is a higher level of debt than the average (58%)
68.3% - Glo-networks Limited
58% - Industry AVG
GLO-NETWORKS LIMITED financials
Glo-Networks Limited's latest turnover from September 2023 is estimated at £1.3 million and the company has net assets of £213.4 thousand. According to their latest financial statements, Glo-Networks Limited has 17 employees and maintains cash reserves of £133.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 17 | 14 | 12 | 11 | 10 | 9 | 9 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 71,581 | 100,086 | 135,793 | 175,855 | 107,947 | 66,411 | 84,045 | 20,879 | 13,743 | 7,340 | 6,175 | 15,629 | 45,941 | 32,449 | 5,515 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 71,581 | 100,086 | 135,793 | 175,855 | 107,947 | 66,411 | 84,045 | 20,879 | 13,743 | 7,340 | 6,175 | 15,629 | 45,941 | 32,449 | 5,515 |
| Stock & work in progress | 2,753 | 428 | 8,848 | 7,063 | 1,303 | 1,916 | 1,481 | ||||||||
| Trade Debtors | 207,437 | 141,127 | 82,817 | 54,678 | 61,394 | 62,140 | 48,424 | 39,362 | 46,508 | 39,360 | 36,679 | 30,433 | 15,887 | 15,113 | 12,246 |
| Group Debtors | 7,200 | ||||||||||||||
| Misc Debtors | 261,184 | 102,557 | 3,968 | 9,167 | 2,119 | 5,413 | 3,667 | 1,349 | |||||||
| Cash | 133,908 | 77,711 | 63,212 | 45,494 | 29,240 | 14,089 | 24,306 | 48,279 | 20,845 | 23,749 | 29,426 | 3,611 | 22,331 | 29,288 | 15,988 |
| misc current assets | |||||||||||||||
| total current assets | 602,529 | 321,395 | 149,997 | 109,339 | 99,953 | 84,395 | 76,397 | 88,990 | 67,353 | 63,537 | 74,953 | 41,107 | 39,521 | 46,317 | 29,715 |
| total assets | 674,110 | 421,481 | 285,790 | 285,194 | 207,900 | 150,806 | 160,442 | 109,869 | 81,096 | 70,877 | 81,128 | 56,736 | 85,462 | 78,766 | 35,230 |
| Bank overdraft | 46,128 | 46,128 | 8,590 | 3,892 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 49,543 | 31,525 | 28,809 | 24,540 | 20,498 | 14,979 | 14,752 | 9,777 | 45,691 | 39,823 | 39,458 | 33,246 | 44,261 | 37,478 | 22,259 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 4,964 | 9,082 | 7,900 | 9,684 | 4,670 | 6,105 | 5,920 | ||||||||
| other current liabilities | 186,436 | 103,195 | 65,938 | 57,211 | 53,552 | 35,277 | 18,645 | 48,578 | |||||||
| total current liabilities | 287,071 | 189,930 | 111,237 | 95,327 | 78,720 | 56,361 | 39,317 | 58,355 | 45,691 | 39,823 | 39,458 | 33,246 | 44,261 | 37,478 | 22,259 |
| loans | 35,764 | 77,989 | 29,682 | 36,441 | |||||||||||
| hp & lease commitments | 30,841 | 57,107 | 66,169 | 84,105 | 59,611 | 45,846 | 51,951 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 93,442 | 4,367 | 14,536 | 20,478 | |||||||||||
| provisions | 13,600 | 19,077 | 21,668 | 14,976 | 20,510 | 12,618 | 13,031 | 4,176 | 2,749 | 1,469 | 1,157 | 3,030 | 4,741 | 1,608 | 962 |
| total long term liabilities | 173,647 | 154,173 | 117,519 | 139,889 | 80,121 | 58,464 | 64,982 | 4,176 | 2,749 | 1,469 | 1,157 | 3,030 | 19,277 | 22,086 | 962 |
| total liabilities | 460,718 | 344,103 | 228,756 | 235,216 | 158,841 | 114,825 | 104,299 | 62,531 | 48,440 | 41,292 | 40,615 | 36,276 | 63,538 | 59,564 | 23,221 |
| net assets | 213,392 | 77,378 | 57,034 | 49,978 | 49,059 | 35,981 | 56,143 | 47,338 | 32,656 | 29,585 | 40,513 | 20,460 | 21,924 | 19,202 | 12,009 |
| total shareholders funds | 213,392 | 77,378 | 57,034 | 49,978 | 49,059 | 35,981 | 56,143 | 47,338 | 32,656 | 29,585 | 40,513 | 20,460 | 21,924 | 19,202 | 12,009 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 28,304 | 45,315 | 51,096 | 38,789 | 18,026 | 28,951 | 11,449 | 7,953 | 3,914 | 6,981 | 10,462 | 10,090 | 9,038 | 6,059 | 4,946 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -2,753 | 2,753 | -428 | -8,420 | 1,785 | 5,760 | -613 | 435 | 1,481 | ||||||
| Debtors | 224,937 | 156,899 | 22,940 | -6,868 | 3,160 | 15,462 | 11,380 | -5,797 | 7,148 | 2,681 | 6,246 | 14,546 | 774 | 2,867 | 12,246 |
| Creditors | 18,018 | 2,716 | 4,269 | 4,042 | 5,519 | 227 | 4,975 | -35,914 | 5,868 | 365 | 6,212 | -11,015 | 6,783 | 15,219 | 22,259 |
| Accruals and Deferred Income | 83,241 | 37,257 | 8,727 | 3,659 | 18,275 | 16,632 | -29,933 | 48,578 | |||||||
| Deferred Taxes & Provisions | -5,477 | -2,591 | 6,692 | -5,534 | 7,892 | -413 | 8,855 | 1,427 | 1,280 | 312 | -1,873 | -1,711 | 3,133 | 646 | 962 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -42,225 | 48,307 | -6,759 | 36,441 | |||||||||||
| Hire Purchase and Lease Commitments | -30,384 | -7,880 | -19,720 | 29,508 | 12,330 | -5,920 | 57,871 | ||||||||
| other long term liabilities | 93,442 | -4,367 | 4,367 | -14,536 | -5,942 | 20,478 | |||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 56,197 | 14,499 | 17,718 | 16,254 | 15,151 | -10,217 | -23,973 | 27,434 | -2,904 | -5,677 | 25,815 | -18,720 | -6,957 | 13,300 | 15,988 |
| overdraft | 37,538 | 4,698 | 3,892 | ||||||||||||
| change in cash | 56,197 | -23,039 | 13,020 | 12,362 | 15,151 | -10,217 | -23,973 | 27,434 | -2,904 | -5,677 | 25,815 | -18,720 | -6,957 | 13,300 | 15,988 |
glo-networks limited Credit Report and Business Information
Glo-networks Limited Competitor Analysis
Perform a competitor analysis for glo-networks limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CF31 area or any other competitors across 12 key performance metrics.
glo-networks limited Ownership
GLO-NETWORKS LIMITED group structure
Glo-Networks Limited has no subsidiary companies.
Ultimate parent company
GLO-NETWORKS LIMITED
06344510
glo-networks limited directors
Glo-Networks Limited currently has 3 directors. The longest serving directors include Mr Christopher Connor (Aug 2007) and Mr Karl Southern (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Connor | 47 years | Aug 2007 | - | Director | |
| Mr Karl Southern | United Kingdom | 38 years | Jan 2020 | - | Director |
| Mr David Smith | Wales | 40 years | Jan 2020 | - | Director |
P&L
September 2023turnover
1.3m
+40%
operating profit
187.4k
0%
gross margin
48.9%
+1.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
213.4k
+1.76%
total assets
674.1k
+0.6%
cash
133.9k
+0.72%
net assets
Total assets minus all liabilities
glo-networks limited company details
company number
06344510
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
August 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
DAVID WRIGHT ACCOUNTANTS LIMITED
auditor
-
address
unit 10 bridgend business park, bennett street, bridgend, mid glamorgan, CF31 3SH
Bank
-
Legal Advisor
-
glo-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 did not find charges/mortgages relating to glo-networks limited.
glo-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.
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glo-networks limited Companies House Filings - See Documents
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