modern networks services limited
modern networks services limited Company Information
Company Number
06760934
Next Accounts
42 days late
Shareholders
westgate bidco limited
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
unit e2, 18 knowl piece, wilbury meadows, hitchin, hertfordshire, SG4 0TY
Website
www.modernnetworks.co.ukmodern networks services limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN NETWORKS SERVICES LIMITED at £0 based on a Turnover of £0 and 0.69x industry multiple (adjusted for size and gross margin).
modern networks services limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN NETWORKS SERVICES LIMITED at £270 based on an EBITDA of £57 and a 4.7x industry multiple (adjusted for size and gross margin).
modern networks services limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN NETWORKS SERVICES LIMITED at £45.1k based on Net Assets of £20k and 2.26x industry multiple (adjusted for liquidity).
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Modern Networks Services Limited Overview
Modern Networks Services Limited is a live company located in hitchin, SG4 0TY with a Companies House number of 06760934. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 2008, it's largest shareholder is westgate bidco limited with a 100% stake. Modern Networks Services Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Modern Networks Services Limited Health Check
Pomanda's financial health check has awarded Modern Networks Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 0 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
0 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Modern Networks Services Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- Modern Networks Services Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Modern Networks Services Limited
- - Industry AVG
Employees
There is insufficient data available for this Key Performance Indicator!
- - Modern Networks Services Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Modern Networks Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Modern Networks Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Modern Networks Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 917 weeks, this is more cash available to meet short term requirements (15 weeks)
- - Modern Networks Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.7%, this is a lower level of debt than the average (63.5%)
- - Modern Networks Services Limited
- - Industry AVG
MODERN NETWORKS SERVICES LIMITED financials
Modern Networks Services Limited's latest turnover from March 2023 is estimated at 0 and the company has net assets of £20 thousand. According to their latest financial statements, we estimate that Modern Networks Services Limited has no employees and maintains cash reserves of £21.2 thousand 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 | Jul 2013 | Jul 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -1,562 | -600 | |||||||||||||
| Interest Payable | 126 | 53 | |||||||||||||
| Interest Receivable | 0 | 0 | |||||||||||||
| Pre-Tax Profit | -1,688 | -653 | |||||||||||||
| Tax | 1 | 0 | |||||||||||||
| Profit After Tax | -1,687 | -653 | |||||||||||||
| Dividends Paid | 0 | 0 | |||||||||||||
| Retained Profit | -1,687 | -653 | |||||||||||||
| Employee Costs | 0 | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 39 | 40 | ||||||||
| EBITDA* | -1,562 | -600 |
* 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 | Jul 2013 | Jul 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,148 | 22,565 | 33,680 | 9,453 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,300 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,148 | 26,865 | 33,680 | 9,453 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,161 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 71,044 | 546,412 | 749,756 | 631,208 | 450,967 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 4,167 | 4,167 | 4,168 | 0 | 0 | 175,922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 389 | 139 | 0 | 2,526 | 103,212 | 21,316 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 21,163 | 20,401 | 16,982 | 17,935 | 24,258 | 74,291 | 93,558 | 304,644 | 279,773 | 135,798 | 158,271 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,163 | 20,401 | 21,538 | 22,241 | 28,426 | 76,817 | 267,814 | 1,048,294 | 1,029,529 | 855,167 | 609,238 | 0 | 0 | 0 | 0 |
| total assets | 21,163 | 20,401 | 21,538 | 22,241 | 28,426 | 76,817 | 267,814 | 1,064,442 | 1,056,394 | 888,847 | 618,691 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 31 | 3,900 | 55,711 | 204,315 | 934,347 | 867,608 | 615,405 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 124,002 | 5,000 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 2,894 | 1,725 | 3,673 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,200 | 1,200 | 650 | 700 | 6,262 | 69,470 | 83,184 | 823,378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,200 | 1,200 | 650 | 700 | 6,293 | 76,264 | 264,622 | 1,036,366 | 934,347 | 867,608 | 615,405 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 1,878 | 3,019 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,960 | 16,692 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,513 | 4,513 | 1,891 | 1,891 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1,878 | 7,532 | 11,473 | 18,583 | 1,891 | 0 | 0 | 0 | 0 |
| total liabilities | 1,200 | 1,200 | 650 | 700 | 6,293 | 76,264 | 266,500 | 1,043,898 | 945,820 | 886,191 | 617,296 | 0 | 0 | 0 | 0 |
| net assets | 19,963 | 19,201 | 20,888 | 21,541 | 22,133 | 553 | 1,314 | 20,544 | 110,574 | 2,656 | 1,395 | 0 | 0 | 0 | 0 |
| total shareholders funds | 19,963 | 19,201 | 20,888 | 21,541 | 22,133 | 553 | 1,314 | 20,544 | 110,574 | 2,656 | 1,395 | 0 | 0 | 0 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Jul 2013 | Jul 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,562 | -600 | |||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,954 | 11,114 | 9,499 | 1,525 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | 1 | 0 | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -88,161 | 88,161 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -4,556 | 250 | 138 | 1,642 | -171,730 | -569,394 | -10,406 | 122,848 | 180,241 | 450,967 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | -31 | -3,869 | -51,811 | -148,604 | -730,032 | 66,739 | 252,203 | 615,405 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 550 | -50 | -5,562 | -63,208 | -13,714 | -740,194 | 823,378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -4,513 | 0 | 2,622 | 0 | 1,891 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,545 | -900 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| 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 | -124,002 | 119,002 | 5,000 | 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 | -2,894 | -709 | -3,089 | 6,692 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,960 | -9,732 | 16,692 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -126 | -53 | |||||||||||||
| cash flow from financing | -126 | -53 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 762 | 3,419 | -953 | -6,323 | -50,033 | -19,267 | -211,086 | 24,871 | 143,975 | -22,473 | 158,271 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 762 | 3,419 | -953 | -6,323 | -50,033 | -19,267 | -211,086 | 24,871 | 143,975 | -22,473 | 158,271 | 0 | 0 | 0 | 0 |
modern networks services limited Credit Report and Business Information
Modern Networks Services Limited Competitor Analysis
Perform a competitor analysis for modern networks services limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other established companies, companies in SG4 area or any other competitors across 12 key performance metrics.
modern networks services limited Ownership
MODERN NETWORKS SERVICES LIMITED group structure
Modern Networks Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
MODERN NETWORKS SERVICES LIMITED
06760934
modern networks services limited directors
Modern Networks Services Limited currently has 4 directors. The longest serving directors include Mr Matthew Reeve (Nov 2008) and Ms Michelle Van Lelyveld (Oct 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Reeve | England | 52 years | Nov 2008 | - | Director |
| Ms Michelle Van Lelyveld | 41 years | Oct 2015 | - | Director | |
| Mr Ian Kelly | 53 years | Jun 2024 | - | Director | |
| Mr Duncan Gooding | 53 years | Nov 2024 | - | Director |
P&L
March 2023turnover
0
0%
operating profit
57.5
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
20k
+0.04%
total assets
21.2k
+0.04%
cash
21.2k
+0.04%
net assets
Total assets minus all liabilities
modern networks services limited company details
company number
06760934
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
November 2008
age
17
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
COOPER PARRY GROUP LIMITED
auditor
-
address
unit e2, 18 knowl piece, wilbury meadows, hitchin, hertfordshire, SG4 0TY
Bank
-
Legal Advisor
-
modern networks services 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 found 3 charges/mortgages relating to modern networks services limited. Currently there are 3 open charges and 0 have been satisfied in the past.
modern networks services 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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modern networks services limited Companies House Filings - See Documents
| date | description | view/download |
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