City Connect (uk) Limited

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city connect (uk) limited Company Information

Live

EstablishedSmallLow

Company Number

06755173

Website

www.city-connect.co.uk

Registered Address

94 whitechapel high street, london, E1 7RA

Industry

Other telecommunications activities

Telephone

02072478003

Next Accounts Due

September 2025

Group Structure

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Directors

Aftab Ahmed15 Years

Shahid Amin12 Years

Shareholders

aftab ahmed 50%

shahid amin 50%

city connect (uk) limited Estimated Valuation

£613k

Pomanda estimates the enterprise value of CITY CONNECT (UK) LIMITED at £613k based on a Turnover of £847.6k and 0.72x industry multiple (adjusted for size and gross margin).

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City Connect (uk) Limited is a live company located in london, E1 7RA with a Companies House number of 06755173. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2008, it's largest shareholder is aftab ahmed with a 50% stake. City Connect (uk) Limited is a established, small sized company, Pomanda has estimated its turnover at £847.6k with low growth in recent years.

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Pomanda's financial health check has awarded City Connect (Uk) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £847.6k, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.1%)

EXPORT

City Connect (Uk) Limited's latest turnover from December 2023 is estimated at £847.6 thousand and the company has net assets of £187.5 thousand. According to their latest financial statements, City Connect (Uk) Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Turnover	847,567	762,348	891,439	783,294	557,458	637,384	467,820	134,037	140,866	96,095	200,423	110,082	114,348	419,507
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	681,622	613,827	725,411	629,581	446,118	510,715	367,446	105,105	110,649	76,148	158,068	85,733	89,098	404,100
Gross Profit	165,945	148,520	166,028	153,714	111,339	126,668	100,374	28,932	30,216	19,947	42,355	24,350	25,250	15,407
Admin Expenses	153,366	144,114	115,329	90,651	110,377	108,443	133,958	50,375	54,026	-8,889	55,800	-34,880	-82,574	2,798
Operating Profit	12,579	4,406	50,699	63,063	962	18,225	-33,584	-21,443	-23,810	28,836	-13,445	59,230	107,824	12,609
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	176	173	435	484	586	577	260	0
Pre-Tax Profit	12,579	4,406	50,699	63,063	962	18,225	-33,408	-21,270	-23,375	29,320	-12,859	59,807	108,084	9,114
Tax	-3,145	-837	-9,633	-11,982	-183	-3,463	0	0	0	-6,157	0	-14,354	-28,102	0
Profit After Tax	9,434	3,569	41,066	51,081	779	14,762	-33,408	-21,270	-23,375	23,163	-12,859	45,453	79,982	9,114
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	9,434	3,569	41,066	51,081	779	14,762	-33,408	-21,270	-23,375	23,163	-12,859	45,453	79,982	9,114
Employee Costs	310,971	243,141	229,751	226,926	229,703	118,560	109,972	54,554	53,488	53,520	51,456	49,490	48,457	48,152
Number Of Employees	5	4	4	4	4	2	2	1	1	1	1	1	1	1
EBITDA*	12,579	4,406	50,699	63,063	962	18,225	-33,584	-21,443	-23,810	28,836	-13,445	59,230	107,824	12,609

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Tangible Assets	67,346	67,346	67,346	67,346	67,346	67,346	67,346	66,708	66,508	66,508	17,000	17,000	17,000	200
Intangible Assets	0	0	0	0	0	0	0	0	200	200	200	200	200	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	67,346	67,346	67,346	67,346	67,346	67,346	67,346	66,708	66,708	66,708	17,200	17,200	17,200	200
Stock & work in progress	0	0	0	0	0	0	0	65,850	57,570	44,640	8,760	10,340	0	0
Trade Debtors	245,275	241,442	264,977	223,781	136,614	159,181	122,483	2,818	10,584	1,338	56,756	22,761	23,492	32,768
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	70,324	68,077	106,040	87,748	146,467	84,275	19,566
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	245,275	241,442	264,977	223,781	136,614	159,181	122,483	138,992	136,231	152,018	153,264	179,568	107,767	52,334
total assets	312,621	308,788	332,323	291,127	203,960	226,527	189,829	205,700	202,939	218,726	170,464	196,768	124,967	52,534
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	54,387	74,836	157,835	157,705	121,619	144,965	123,029	105,492	81,459	73,871	28,529	41,974	35,540	43,089
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	330
total current liabilities	54,387	74,836	157,835	157,705	121,619	144,965	123,029	105,492	81,459	73,871	28,529	41,974	35,540	43,419
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	70,743	55,895	0	0	0	0	0	0	0	0	20,243	20,243	330	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	70,743	55,895	0	0	0	0	0	0	0	0	20,243	20,243	330	0
total liabilities	125,130	130,731	157,835	157,705	121,619	144,965	123,029	105,492	81,459	73,871	48,772	62,217	35,870	43,419
net assets	187,491	178,057	174,488	133,422	82,341	81,562	66,800	100,208	121,480	144,855	121,692	134,551	89,097	9,115
total shareholders funds	187,491	178,057	174,488	133,422	82,341	81,562	66,800	100,208	121,480	144,855	121,692	134,551	89,097	9,115

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Nov 2009
Operating Activities
Operating Profit	12,579	4,406	50,699	63,063	962	18,225	-33,584	-21,443	-23,810	28,836	-13,445	59,230	107,824	12,609	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,145	-837	-9,633	-11,982	-183	-3,463	0	0	0	-6,157	0	-14,354	-28,102	0	0
Stock	0	0	0	0	0	0	-65,850	8,280	12,930	35,880	-1,580	10,340	0	0	0
Debtors	3,833	-23,535	41,196	87,167	-22,567	36,698	119,665	-7,766	9,246	-55,418	33,995	-731	-9,276	32,768	0
Creditors	-20,449	-82,999	130	36,086	-23,346	21,936	17,537	24,033	7,588	45,342	-13,445	6,434	-7,549	43,089	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	-330	330	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-14,848	-55,895	0	0	0	0	-69,862	2,076	-38,398	87,559	-59,305	41,701	81,119	23,260	0
Investing Activities
capital expenditure	0	0	0	0	0	0	-638	0	0	-49,508	0	0	-17,000	-200	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	-638	0	0	-49,508	0	0	-17,000	-200	0
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	14,848	55,895	0	0	0	0	0	0	0	-20,243	0	19,913	330	0	0
share issue	0	0	0	0	0	0	0	-2	0	0	0	1	0	1	0
interest	0	0	0	0	0	0	176	173	435	484	586	577	260	0	0
cash flow from financing	14,848	55,895	0	0	0	0	176	171	435	-19,759	586	20,491	590	1	0
cash and cash equivalents
cash	0	0	0	0	0	0	-70,324	2,247	-37,963	18,292	-58,719	62,192	64,709	19,566	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-70,324	2,247	-37,963	18,292	-58,719	62,192	64,709	19,566	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CITY CONNECT (UK) LIMITED group structure

City Connect (Uk) Limited has no subsidiary companies.

Ultimate parent company

CITY CONNECT (UK) LIMITED

06755173

CITY CONNECT (UK) LIMITED Shareholders

aftab ahmed	50%
shahid amin	50%

City Connect (Uk) Limited currently has 2 directors. The longest serving directors include Mr Aftab Ahmed (Dec 2008) and Mr Shahid Amin (Apr 2012).

officer	country	age	start	end	role
Mr Aftab Ahmed	England	47 years	Dec 2008	-	Director
Mr Shahid Amin	United Kingdom	59 years	Apr 2012	-	Director

P&L

December 2023

turnover

847.6k

+11%

operating profit

12.6k

gross margin

19.6%

+0.5%

turnover

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

Balance Sheet

December 2023

net assets

187.5k

+0.05%

total assets

312.6k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

06755173

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

November 2008

ultimate parent company

None

previous names

N/A

address

94 whitechapel high street, london, E1 7RA

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 city connect (uk) limited.

city connect (uk) limited Company Information

city connect (uk) limited Estimated Valuation

city connect (uk) limited Estimated Valuation

city connect (uk) limited Estimated Valuation

City Connect (uk) Limited Overview

City Connect (uk) Limited Health Check

CITY CONNECT (UK) LIMITED financials

city connect (uk) limited Credit Report and Business Information

City Connect (uk) Limited Competitor Analysis

city connect (uk) limited Ownership

city connect (uk) limited directors

city connect (uk) limited company details

city connect (uk) limited Charges & Mortgages

city connect (uk) limited Companies House Filings - See Documents