Icon Network Solutions Limited

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SOLUTIONS

icon network solutions limited Company Information

Live

EstablishedSmallHigh

Company Number

06423898

Next Accounts

27 days late

Industry

Other telecommunications activities

Directors

Paul Mee

Shareholders

paul john mee

Group Structure

View All

Contact

Registered Address

25 mill lane, newbold verdon, leicester, leicestershire, LE9 9PT

Website

www.icon-networks.co.uk

icon network solutions limited Estimated Valuation

£359k

Pomanda estimates the enterprise value of ICON NETWORK SOLUTIONS LIMITED at £359k based on a Turnover of £602k and 0.6x industry multiple (adjusted for size and gross margin).

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Icon Network Solutions Limited is a live company located in leicester, LE9 9PT with a Companies House number of 06423898. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2007, it's largest shareholder is paul john mee with a 100% stake. Icon Network Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £602k with high growth in recent years.

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Pomanda's financial health check has awarded Icon Network Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

4 Weak

Size

annual sales of £602k, make it smaller than the average company (£12.1m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (3.6%)

EXPORT

Icon Network Solutions Limited's latest turnover from March 2023 is estimated at £602 thousand and the company has net assets of £125.3 thousand. According to their latest financial statements, Icon Network Solutions Limited has 3 employees and maintains cash reserves of 0 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	601,969	547,501	481,434	302,865	445,457	546,964	586,752	164,326	199,488	446,941	161,926	118,534	118,189	188,674
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	487,513	452,025	397,034	242,860	362,975	437,380	463,198	129,703	155,743	346,397	125,022	91,497	90,760	148,475
Gross Profit	114,456	95,476	84,400	60,005	82,482	109,584	123,554	34,624	43,745	100,544	36,904	27,037	27,430	40,199
Admin Expenses	82,826	44,893	57,599	101,921	136,601	104,883	99,592	23,204	-3,038	22,255	43,621	48,713	26,511	-334
Operating Profit	31,630	50,583	26,801	-41,916	-54,119	4,701	23,962	11,420	46,783	78,289	-6,717	-21,676	919	40,533
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	168	633	372	189	290	461	433	147
Pre-Tax Profit	31,630	50,583	26,801	-41,916	-54,119	4,701	24,130	12,054	47,156	78,478	-6,427	-21,215	1,351	40,681
Tax	-6,010	-9,611	-5,092	0	0	-893	-4,826	-2,411	-9,903	-18,050	0	0	-378	-11,391
Profit After Tax	25,620	40,972	21,709	-41,916	-54,119	3,808	19,304	9,643	37,253	60,428	-6,427	-21,215	973	29,290
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	25,620	40,972	21,709	-41,916	-54,119	3,808	19,304	9,643	37,253	60,428	-6,427	-21,215	973	29,290
Employee Costs	183,125	172,135	273,191	164,000	164,443	162,408	158,203	51,333	51,743	51,579	47,678	47,186	45,390	47,612
Number Of Employees	3	3	5	3	3	3	3	1	1	1	1	1	1	1
EBITDA*	31,630	50,583	26,801	-41,916	-54,119	4,701	23,962	16,664	50,953	82,425	-2,191	-16,138	7,283	45,468

* 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	20,757	14,365	17,517	14,455	17,435	20,802	13,438	20,212	16,110	16,056	17,452	21,464	24,984	19,659
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	20,757	14,365	17,517	14,455	17,435	20,802	13,438	20,212	16,110	16,056	17,452	21,464	24,984	19,659
Stock & work in progress	0	0	0	0	0	0	0	7,100	2,985	1,100	3,120	800	820	1,070
Trade Debtors	198,370	172,363	111,485	65,791	127,285	182,946	193,880	33,465	44,753	118,798	27,352	14,580	9,784	35,402
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	134,240	119,112	29,819	45,811	70,376	114,110	58,954
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	198,370	172,363	111,485	65,791	127,285	182,946	193,880	174,805	166,850	149,717	76,283	85,756	124,714	95,426
total assets	219,127	186,728	129,002	80,246	144,720	203,748	207,318	195,017	182,960	165,773	93,735	107,220	149,698	115,085
Bank overdraft	0	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	63,201	51,459	45,271	43,224	65,782	70,691	77,510	77,550	79,757	99,926	88,150	92,561	110,309	81,241
Group/Directors Accounts	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	63,201	51,459	45,271	43,224	65,782	70,691	77,510	77,550	79,757	99,926	88,150	92,561	110,309	81,241
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	30,603	35,566	25,000	0	0	0	559	3,725	0	0	0	1,982	4,782	1,578
provisions	0	0	0	0	0	0	0	3,697	2,801	2,698	2,864	3,529	4,244	2,876
total long term liabilities	30,603	35,566	25,000	0	0	0	559	7,422	2,801	2,698	2,864	5,511	9,026	4,454
total liabilities	93,804	87,025	70,271	43,224	65,782	70,691	78,069	84,972	82,558	102,624	91,014	98,072	119,335	85,695
net assets	125,323	99,703	58,731	37,022	78,938	133,057	129,249	110,045	100,402	63,149	2,721	9,148	30,363	29,390
total shareholders funds	125,323	99,703	58,731	37,022	78,938	133,057	129,249	110,045	100,402	63,149	2,721	9,148	30,363	29,390

	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	31,630	50,583	26,801	-41,916	-54,119	4,701	23,962	11,420	46,783	78,289	-6,717	-21,676	919	40,533
Depreciation	0	0	0	0	0	0	0	5,244	4,170	4,136	4,526	5,538	6,364	4,935
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,010	-9,611	-5,092	0	0	-893	-4,826	-2,411	-9,903	-18,050	0	0	-378	-11,391
Stock	0	0	0	0	0	0	-7,100	4,115	1,885	-2,020	2,320	-20	-250	1,070
Debtors	26,007	60,878	45,694	-61,494	-55,661	-10,934	160,415	-11,288	-74,045	91,446	12,772	4,796	-25,618	35,402
Creditors	11,742	6,188	2,047	-22,558	-4,909	-6,819	-40	-2,207	-20,169	11,776	-4,411	-17,748	29,068	81,241
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-3,697	896	103	-166	-665	-715	1,368	2,876
Cash flow from operations	11,355	-13,718	-21,938	-2,980	-3,367	7,923	-137,916	20,115	93,144	-13,441	-22,359	-39,377	63,209	81,722
Investing Activities
capital expenditure	-6,392	3,152	-3,062	2,980	3,367	-7,364	6,774	-9,346	-4,224	-2,740	-514	-2,018	-11,689	-24,594
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,392	3,152	-3,062	2,980	3,367	-7,364	6,774	-9,346	-4,224	-2,740	-514	-2,018	-11,689	-24,594
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	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	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	-4,963	10,566	25,000	0	0	-559	-3,166	3,725	0	0	-1,982	-2,800	3,204	1,578
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	168	633	372	189	290	461	433	147
cash flow from financing	-4,963	10,566	25,000	0	0	-559	-3,098	4,358	372	189	-1,692	-2,339	3,637	1,825
cash and cash equivalents
cash	0	0	0	0	0	0	-134,240	15,128	89,293	-15,992	-24,565	-43,734	55,156	58,954
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-134,240	15,128	89,293	-15,992	-24,565	-43,734	55,156	58,954

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ICON NETWORK SOLUTIONS LIMITED group structure

Icon Network Solutions Limited has no subsidiary companies.

Ultimate parent company

ICON NETWORK SOLUTIONS LIMITED

06423898

ICON NETWORK SOLUTIONS LIMITED Shareholders

paul john mee

100%

Icon Network Solutions Limited currently has 1 director, Mr Paul Mee serving since Nov 2007.

officer	country	age	start	end	role
Mr Paul Mee	England	53 years	Nov 2007	-	Director

P&L

March 2023

turnover

602k

+10%

operating profit

31.6k

gross margin

19.1%

+9.03%

turnover

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

Balance Sheet

March 2023

net assets

125.3k

+0.26%

total assets

219.1k

+0.17%

cash

net assets

Total assets minus all liabilities

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company number

06423898

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

November 2007

ultimate parent company

None

previous names

N/A

address

25 mill lane, newbold verdon, leicester, leicestershire, LE9 9PT

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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icon network solutions limited Company Information

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