Onnec Group Limited

POWER SEARCH PRICING

SOLUTIONS

onnec group limited Company Information

Live

EstablishedMegaHigh

Company Number

06468498

Next Accounts

119 days late

Industry

Other information technology and computer service activities

Directors

Jakob Moeller-Jensen

Simon Morrish

View All

Shareholders

solar ventus limited

barry john horgan

View All

Group Structure

View All

Contact

Registered Address

second floor, farringdon point, 33 farringdon road, london, EC1M 3JF

Website

http://www.onnecgroup.com

onnec group limited Estimated Valuation

£146.7m

Pomanda estimates the enterprise value of ONNEC GROUP LIMITED at £146.7m based on a Turnover of £129.7m and 1.13x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Onnec Group Limited is a live company located in london, EC1M 3JF with a Companies House number of 06468498. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2008, it's largest shareholder is solar ventus limited with a 30.2% stake. Onnec Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £129.7m with high growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Onnec Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £129.7m, make it larger than the average company (£6.7m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5.9%)

EXPORT

Onnec Group Limited's latest turnover from December 2022 is £129.7 million and the company has net assets of £1.1 million. According to their latest financial statements, Onnec Group Limited has 831 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	129,652,169	97,689,219	89,128,109	83,563,792	100,649,040	28,899,338	23,446,248	15,741,127	13,216,001	11,433,280	10,765,477	10,556,256	9,867,475	8,626,431
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	102,486,790	78,976,680	67,838,343	65,760,956	82,624,746	21,469,373	18,797,340	12,673,849	10,442,986	8,642,679	8,345,586	8,640,859	8,103,657	6,436,053
Gross Profit	27,165,379	18,712,539	21,289,766	17,802,836	18,024,294	7,429,965	4,648,908	3,067,278	2,773,015	2,790,601	2,419,891	1,915,397	1,763,818	2,190,378
Admin Expenses	24,355,287	19,251,144	18,184,915	14,574,507	14,269,438	4,196,960	1,852,635	1,870,383	1,852,147	1,998,016	1,676,173	1,422,911	1,215,793	1,024,162
Operating Profit	2,810,092	-538,605	3,104,851	3,228,329	3,754,856	3,233,005	2,796,273	1,196,895	920,868	792,585	743,718	492,486	548,025	1,166,216
Interest Payable	1,404,119	976,790	938,933	871,144	854,358	6,078	2,132	0	0	17,957	210,472	215,844	269,620	278,357
Interest Receivable	32,513	6	0	33,642	98,776	4,845	402,310	84,632	57	5,454	403	858	525	1,450
Pre-Tax Profit	1,438,486	-1,515,389	2,151,528	2,042,438	2,999,274	3,231,772	3,196,451	1,195,887	920,925	-104,586	533,649	277,500	278,930	889,309
Tax	-1,319,396	-771,866	-1,296,658	-1,019,149	-1,051,010	-642,463	-706,546	-298,434	-271,213	-62,285	-172,910	-58,621	-224,064	-354,617
Profit After Tax	119,090	-2,287,255	854,870	1,023,289	1,948,264	2,589,309	2,489,905	897,453	649,712	-166,871	360,739	218,879	54,866	534,692
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	119,090	-2,287,255	854,870	1,023,289	1,948,264	2,589,309	2,489,905	897,453	649,712	-166,871	360,739	218,879	54,866	534,692
Employee Costs	48,620,762	42,446,931	57,718,095	30,828,550	25,202,061	7,444,440	6,465,463	5,441,668	4,577,642	4,317,184	4,355,184	4,178,656	3,946,888	3,298,356
Number Of Employees	831	725	605	694	661	140	129	129	111	99	108	110	144	114
EBITDA*	5,883,471	1,958,788	5,628,635	5,285,246	5,863,799	3,612,896	3,130,956	1,590,884	1,305,064	1,207,557	1,150,826	894,987	923,999	1,523,794

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	902,998	662,658	769,166	797,092	1,108,119	51,683	41,215	42,181	116,715	150,307	211,517	240,499	169,521	80,168
Intangible Assets	15,344,310	12,265,795	14,403,203	16,365,705	17,913,931	2,904,291	3,246,468	3,335,415	3,638,634	4,184,453	5,150,734	5,494,116	5,837,498	6,180,880
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	16,508	281,768	256,601	0	0	0	0	0	0	0	0	80,839	0	0
Total Fixed Assets	16,263,816	13,210,221	15,428,970	17,162,797	19,022,050	2,955,974	3,287,683	3,377,596	3,755,349	4,334,760	5,362,251	5,815,454	6,007,019	6,261,048
Stock & work in progress	1,082,473	1,028,434	817,736	756,137	853,402	0	0	0	0	0	0	0	0	0
Trade Debtors	31,928,030	17,286,238	12,658,728	20,541,871	33,637,087	6,289,878	3,766,812	3,881,179	3,004,959	1,894,279	1,567,214	2,496,147	1,858,734	2,426,672
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	1	402,692	0
Misc Debtors	18,863,389	15,947,202	11,174,233	12,674,946	3,840,080	1,390,536	1,418,173	760,261	230,645	329,066	704,438	97,563	35,943	51,472
Cash	3,489,277	7,120,499	22,923,877	3,906,577	3,082,254	2,075,791	1,403,168	898,112	261,601	365,898	81,764	165,476	71,998	74,795
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	55,363,169	41,382,373	47,574,574	37,879,531	41,412,823	9,756,205	6,588,153	5,539,552	3,497,205	2,589,243	2,353,416	2,759,187	2,369,367	2,552,939
total assets	71,626,985	54,592,594	63,003,544	55,042,328	60,434,873	12,712,179	9,875,836	8,917,148	7,252,554	6,924,003	7,715,667	8,574,641	8,376,386	8,813,987
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	679,594	669,136	856,516
Bank loan	2,846,400	7,050,000	7,156,998	2,822,516	4,234,495	0	0	975,000	0	0	0	0	650,000	1,250,000
Trade Creditors	10,780,403	7,403,806	6,049,761	5,639,249	9,892,815	1,674,753	1,046,350	1,073,241	1,164,654	607,198	447,137	1,105,698	660,783	554,534
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	4,659,908	1,111,800	484,316	2,797,179	2,605,980	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	30,182,168	21,751,644	23,204,245	15,518,080	16,740,255	3,747,491	3,305,223	2,956,203	1,280,914	1,559,297	1,471,212	823,519	857,789	1,171,133
total current liabilities	48,468,879	37,317,250	36,895,320	26,777,024	33,473,545	5,422,244	4,351,573	5,004,444	2,445,568	2,166,495	1,918,349	2,608,811	2,837,708	3,832,183
loans	21,122,502	7,272,702	14,322,693	16,453,412	17,180,646	0	0	0	0	0	0	0	1,100,000	1,100,000
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	1,578,029	630,232	0	0	0	864,841	1,455,582	2,315,356	2,834,453	1,539,667	1,056,822
provisions	911,068	1,051,083	0	0	0	5,995	4,488	3,185	16,086	25,579	38,744	49,183	35,695	14,782
total long term liabilities	22,033,570	8,323,785	14,322,693	18,031,441	17,810,878	5,995	4,488	3,185	880,927	1,481,161	2,354,100	2,883,636	2,675,362	2,171,604
total liabilities	70,502,449	45,641,035	51,218,013	44,808,465	51,284,423	5,428,239	4,356,061	5,007,629	3,326,495	3,647,656	4,272,449	5,492,447	5,513,070	6,003,787
net assets	1,124,536	8,951,559	11,785,531	10,233,863	9,150,450	7,283,940	5,519,775	3,909,519	3,926,059	3,276,347	3,443,218	3,082,194	2,863,316	2,810,200
total shareholders funds	1,124,536	8,951,559	11,785,531	10,233,863	9,150,450	7,283,940	5,519,775	3,909,519	3,926,059	3,276,347	3,443,218	3,082,194	2,863,316	2,810,200

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,810,092	-538,605	3,104,851	3,228,329	3,754,856	3,233,005	2,796,273	1,196,895	920,868	792,585	743,718	492,486	548,025	1,166,216
Depreciation	399,519	189,769	508,923	451,152	447,496	37,714	31,464	90,770	80,977	71,590	63,726	59,119	32,592	14,196
Amortisation	2,673,860	2,307,624	2,014,861	1,605,765	1,661,447	342,177	303,219	303,219	303,219	343,382	343,382	343,382	343,382	343,382
Tax	-1,319,396	-771,866	-1,296,658	-1,019,149	-1,051,010	-642,463	-706,546	-298,434	-271,213	-62,285	-172,910	-58,621	-224,064	-354,617
Stock	54,039	210,698	61,599	756,137	853,402	0	0	0	0	0	0	0	0	0
Debtors	17,292,719	9,425,646	-9,127,255	25,536,403	29,796,753	2,495,429	543,545	1,405,836	1,012,259	-48,307	-402,898	377,181	-180,775	2,478,144
Creditors	3,376,597	1,354,045	410,512	3,964,496	8,218,062	628,403	-26,891	-91,413	557,456	160,061	-658,561	444,915	106,249	554,534
Accruals and Deferred Income	8,430,524	-1,452,601	7,686,165	11,770,589	12,992,764	442,268	349,020	1,675,289	-278,383	88,085	647,693	-34,270	-313,344	1,171,133
Deferred Taxes & Provisions	-140,015	1,051,083	0	-5,995	-5,995	1,507	1,303	-12,901	-9,493	-13,165	-10,439	13,488	20,913	14,782
Cash flow from operations	-1,115,577	-7,496,895	21,494,310	-6,297,353	-4,632,535	1,547,182	2,204,297	1,457,589	291,172	1,428,560	1,359,507	883,318	694,528	431,482
Investing Activities
capital expenditure	0	0	0	0	-385,160	-906,322	-28,582	-16,236	-47,385	-10,380	-34,744	-129,761	-121,934	-50,503
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-385,160	-906,322	-28,582	-16,236	-47,385	-10,380	-34,744	-129,761	-121,934	-50,503
Financing Activities
Bank loans	-4,203,600	-106,998	4,334,482	2,822,516	4,234,495	0	-975,000	975,000	0	0	0	-650,000	-600,000	1,250,000
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	3,548,108	627,484	-2,312,863	2,797,179	2,605,980	0	0	0	0	0	0	0	0	0
Long term loans	13,849,800	-7,049,991	-2,130,719	16,453,412	17,180,646	0	0	0	0	0	0	-1,100,000	0	1,100,000
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	-1,578,029	1,578,029	630,232	0	0	-864,841	-590,741	-859,774	-519,097	1,294,786	482,845	1,056,822
share issue	-7,946,113	-546,717	696,798	1,926,634	-81,754	-825,144	-879,649	-913,993	0	0	285	-1	-1,750	2,275,508
interest	-1,371,606	-976,784	-938,933	-837,502	-755,582	-1,233	400,178	84,632	57	-12,503	-210,069	-214,986	-269,095	-276,907
cash flow from financing	3,876,589	-8,053,006	-1,929,264	24,740,268	23,814,017	-826,377	-1,454,471	-719,202	-590,684	-872,277	-728,881	-670,201	-388,000	5,405,423
cash and cash equivalents
cash	-3,631,222	-15,803,378	19,017,300	1,830,786	1,006,463	672,623	505,056	636,511	-104,297	284,134	-83,712	93,478	-2,797	74,795
overdraft	0	0	0	0	0	0	0	0	0	0	-679,594	10,458	-187,380	856,516
change in cash	-3,631,222	-15,803,378	19,017,300	1,830,786	1,006,463	672,623	505,056	636,511	-104,297	284,134	595,882	83,020	184,583	-781,721

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for onnec group limited. Get real-time insights into onnec group limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for onnec group limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC1M area or any other competitors across 12 key performance metrics.

ONNEC GROUP LIMITED group structure

Onnec Group Limited has 2 subsidiary companies.

Ultimate parent company

ONNEC GROUP LIMITED

06468498

2 subsidiaries

ONNEC IQ LIMITED

14616315

EXCELREDSTONE LIMITED

02795965

ONNEC GROUP LIMITED Shareholders

solar ventus limited	30.2%
barry john horgan	23.29%
elanor hardwick	23.27%
patrick gaynor	9.04%
philippe huinck	4.1%
paul horsley	2.85%
jan nielsen	2.5%
tindefjell as	1.26%
philippe dufour	1.26%
matthew salter	0.71%

Onnec Group Limited currently has 5 directors. The longest serving directors include Mr Jakob Moeller-Jensen (Mar 2008) and Mr Simon Morrish (Jun 2008).

officer	country	age	start	end	role
Mr Jakob Moeller-Jensen	England	51 years	Mar 2008	-	Director
Mr Simon Morrish	England	50 years	Jun 2008	-	Director
Mr Barry Horgan	England	53 years	Jan 2013	-	Director
Mr Mark Budd	England	49 years	Apr 2021	-	Director
Mr Philippe Huinck	England	59 years	Oct 2023	-	Director

P&L

December 2022

turnover

129.7m

+33%

operating profit

2.8m

-622%

gross margin

21%

+9.38%

turnover

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

Balance Sheet

December 2022

net assets

1.1m

-0.87%

total assets

71.6m

+0.31%

cash

3.5m

-0.51%

net assets

Total assets minus all liabilities

Similar Companies

brookcourt solutions limited

4.5

csc administrative services limited

3.5

tangible benefit limited

1e limited

riva topco limited

4.5

company number

06468498

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

January 2008

ultimate parent company

None

previous names

excelredstone services limited (July 2022)

excel i.t services limited (December 2018)

address

second floor, farringdon point, 33 farringdon road, london, EC1M 3JF

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 found 15 charges/mortgages relating to onnec group limited. Currently there are 8 open charges and 7 have been satisfied in the past.

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.

Click to start generating capital raising & share issue transactions for ONNEC GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.

onnec group limited Company Information

onnec group limited Estimated Valuation

onnec group limited Estimated Valuation

onnec group limited Estimated Valuation

Onnec Group Limited Overview

Onnec Group Limited Health Check

ONNEC GROUP LIMITED financials

onnec group limited Credit Report and Business Information

Onnec Group Limited Competitor Analysis

onnec group limited Ownership

onnec group limited directors

onnec group limited company details

onnec group limited Charges & Mortgages

onnec group limited Capital Raised & Share Issues BETA

onnec group limited Companies House Filings - See Documents