glo-networks limited

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glo-networks limited Company Information

Share GLO-NETWORKS LIMITED

Company Number

06344510

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

glo-networks limited Estimated Valuation

£933.2k

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

£1.1m

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

£487.8k

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

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £1.3m, make it in line with the average company (£1.3m)

£1.3m - Glo-networks Limited

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (6.8%)

35% - Glo-networks Limited

6.8% - Industry AVG

production

Production

with a gross margin of 48.8%, this company has a comparable cost of product (48.8%)

48.8% - Glo-networks Limited

48.8% - Industry AVG

profitability

Profitability

an operating margin of 14.1% make it more profitable than the average company (6.8%)

14.1% - Glo-networks Limited

6.8% - Industry AVG

employees

Employees

with 17 employees, this is above the industry average (12)

17 - Glo-networks Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.7k, the company has an equivalent pay structure (£56.7k)

£56.7k - Glo-networks Limited

£56.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £77.9k, this is less efficient (£126.2k)

£77.9k - Glo-networks Limited

£126.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is near the average (63 days)

57 days - Glo-networks Limited

63 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 26 days, this is close to average (29 days)

26 days - Glo-networks Limited

29 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Glo-networks Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover1,324,830946,498670,317532,730526,452499,882451,241207,524288,507239,535239,841198,123128,928111,384
Other Income Or Grants
Cost Of Sales678,083493,210341,773251,192244,615220,901187,40584,942118,89991,10488,32369,40848,98941,149
Gross Profit646,747453,288328,543281,538281,837278,981263,836122,582169,608148,431151,518128,71579,93970,235
Admin Expenses459,362423,059317,489279,211265,854299,287253,056104,316165,881159,492125,558130,24476,39060,358-16,500
Operating Profit187,38530,22911,0542,32715,983-20,30610,78018,2663,727-11,06125,960-1,5293,5499,87716,500
Interest Payable11,5886,6992,3971,230
Interest Receivable5,5551,58554371621449186111133836512911340
Pre-Tax Profit181,35225,1168,7111,13516,146-20,16210,87018,3533,839-10,92826,043-1,4643,6789,99016,540
Tax-45,338-4,772-1,655-216-3,068-2,065-3,670-768-5,990-956-2,797-4,631
Profit After Tax136,01420,3447,05691913,078-20,1628,80514,6823,071-10,92820,053-1,4642,7227,19311,909
Dividends Paid
Retained Profit136,01420,3447,05691913,078-20,1628,80514,6823,071-10,92820,053-1,4642,7227,19311,909
Employee Costs964,249738,069584,988511,946515,650493,402467,496115,716172,010114,605108,737108,281106,34451,734
Number Of Employees1714121110992322221
EBITDA*215,68975,54462,15041,11634,0098,64522,22926,2197,641-4,08036,4228,56112,58715,93621,446

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets71,581100,086135,793175,855107,94766,41184,04520,87913,7437,3406,17515,62945,94132,4495,515
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets71,581100,086135,793175,855107,94766,41184,04520,87913,7437,3406,17515,62945,94132,4495,515
Stock & work in progress2,7534288,8487,0631,3031,9161,481
Trade Debtors207,437141,12782,81754,67861,39462,14048,42439,36246,50839,36036,67930,43315,88715,11312,246
Group Debtors7,200
Misc Debtors261,184102,5573,9689,1672,1195,4133,6671,349
Cash133,90877,71163,21245,49429,24014,08924,30648,27920,84523,74929,4263,61122,33129,28815,988
misc current assets
total current assets602,529321,395149,997109,33999,95384,39576,39788,99067,35363,53774,95341,10739,52146,31729,715
total assets674,110421,481285,790285,194207,900150,806160,442109,86981,09670,87781,12856,73685,46278,76635,230
Bank overdraft46,12846,1288,5903,892
Bank loan
Trade Creditors 49,54331,52528,80924,54020,49814,97914,7529,77745,69139,82339,45833,24644,26137,47822,259
Group/Directors Accounts
other short term finances
hp & lease commitments4,9649,0827,9009,6844,6706,1055,920
other current liabilities186,436103,19565,93857,21153,55235,27718,64548,578
total current liabilities287,071189,930111,23795,32778,72056,36139,31758,35545,69139,82339,45833,24644,26137,47822,259
loans35,76477,98929,68236,441
hp & lease commitments30,84157,10766,16984,10559,61145,84651,951
Accruals and Deferred Income
other liabilities93,4424,36714,53620,478
provisions13,60019,07721,66814,97620,51012,61813,0314,1762,7491,4691,1573,0304,7411,608962
total long term liabilities173,647154,173117,519139,88980,12158,46464,9824,1762,7491,4691,1573,03019,27722,086962
total liabilities460,718344,103228,756235,216158,841114,825104,29962,53148,44041,29240,61536,27663,53859,56423,221
net assets213,39277,37857,03449,97849,05935,98156,14347,33832,65629,58540,51320,46021,92419,20212,009
total shareholders funds213,39277,37857,03449,97849,05935,98156,14347,33832,65629,58540,51320,46021,92419,20212,009
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit187,38530,22911,0542,32715,983-20,30610,78018,2663,727-11,06125,960-1,5293,5499,87716,500
Depreciation28,30445,31551,09638,78918,02628,95111,4497,9533,9146,98110,46210,0909,0386,0594,946
Amortisation
Tax-45,338-4,772-1,655-216-3,068-2,065-3,670-768-5,990-956-2,797-4,631
Stock-2,7532,753-428-8,4201,7855,760-6134351,481
Debtors224,937156,89922,940-6,8683,16015,46211,380-5,7977,1482,6816,24614,5467742,86712,246
Creditors18,0182,7164,2694,0425,5192274,975-35,9145,8683656,212-11,0156,78315,21922,259
Accruals and Deferred Income83,24137,2578,7273,65918,27516,632-29,93348,578
Deferred Taxes & Provisions-5,477-2,5916,692-5,5347,892-4138,8551,4271,280312-1,873-1,7113,133646962
Cash flow from operations41,196-48,74557,24349,93562,2206,876-7,31942,4377,3012,33626,740-24,47121,38625,70226,309
Investing Activities
capital expenditure201-9,608-11,034-106,697-59,562-11,317-74,615-15,089-10,317-8,146-1,00820,222-22,530-32,993-10,461
Change in Investments
cash flow from investments201-9,608-11,034-106,697-59,562-11,317-74,615-15,089-10,317-8,146-1,00820,222-22,530-32,993-10,461
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-42,22548,307-6,75936,441
Hire Purchase and Lease Commitments-30,384-7,880-19,72029,50812,330-5,92057,871
other long term liabilities93,442-4,3674,367-14,536-5,94220,478
share issue100
interest-6,033-5,114-2,343-1,1931621449186111133836512911340
cash flow from financing14,80035,313-33,18969,12312,492-5,77657,9628611113383-14,471-5,81320,591140
cash and cash equivalents
cash56,19714,49917,71816,25415,151-10,217-23,97327,434-2,904-5,67725,815-18,720-6,95713,30015,988
overdraft37,5384,6983,892
change in cash56,197-23,03913,02012,36215,151-10,217-23,97327,434-2,904-5,67725,815-18,720-6,95713,30015,988

glo-networks limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Glo-networks Limited Competitor Analysis

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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 Shareholders

glo-networks employee ownership trustee ltd 51%
christopher connor 49%

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).

officercountryagestartendrole
Mr Christopher Connor47 years Aug 2007- Director
Mr Karl SouthernUnited Kingdom38 years Jan 2020- Director
Mr David SmithWales40 years Jan 2020- Director

P&L

September 2023

turnover

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 2023

net 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

None

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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