Asc Connections Limited

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asc connections limited Company Information

Live

EstablishedSmallLow

Company Number

06844747

Next Accounts

Feb 2026

Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Directors

Michael Smith

Neil McNally

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Shareholders

asc connections group ltd

Group Structure

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Contact

Registered Address

7th floor rear, 36 great charles street, birmingham, B3 3JY

Website

www.asc-connections.com

asc connections limited Estimated Valuation

£632.5k

Pomanda estimates the enterprise value of ASC CONNECTIONS LIMITED at £632.5k based on a Turnover of £3.7m and 0.17x industry multiple (adjusted for size and gross margin).

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Asc Connections Limited is a live company located in birmingham, B3 3JY with a Companies House number of 06844747. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in March 2009, it's largest shareholder is asc connections group ltd with a 100% stake. Asc Connections Limited is a established, small sized company, Pomanda has estimated its turnover at £3.7m with low growth in recent years.

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Pomanda's financial health check has awarded Asc Connections Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

8 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.9%)

EXPORT

Asc Connections Limited's latest turnover from May 2024 is estimated at £3.7 million and the company has net assets of £114.9 thousand. According to their latest financial statements, Asc Connections Limited has 24 employees and maintains cash reserves of £228 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	3,736,717	3,753,228	4,119,241	3,391,250	3,043,508	5,606,023	5,846,499	16,225,015	19,571,628	14,672,386	9,866,460	8,445,737	8,437,953	7,919,666	5,381,966
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,870,166	2,808,964	3,046,691	2,604,398	2,330,915	4,298,028	4,515,154	12,383,563	15,048,793	11,032,804	7,495,009	6,146,380	5,967,630	5,242,862	3,801,959
Gross Profit	866,551	944,264	1,072,550	786,852	712,593	1,307,995	1,331,345	3,841,452	4,522,835	3,639,582	2,371,451	2,299,357	2,470,322	2,676,804	1,580,007
Admin Expenses	864,168	927,839	1,029,400	710,193	702,971	1,304,736	1,362,745	3,836,613	4,514,188	3,658,622	2,326,482	2,328,199	2,466,856	2,669,824	1,530,741
Operating Profit	2,383	16,425	43,150	76,659	9,622	3,259	-31,400	4,839	8,647	-19,040	44,969	-28,842	3,466	6,980	49,266
Interest Payable	672	5,113	8,101	8,734	4,575	0	0	0	0	0	0	0	0	0	0
Interest Receivable	277	1,543	708	159	173	536	212	66	311	344	52	32	71	61	4
Pre-Tax Profit	1,988	12,855	35,757	68,084	5,220	3,795	-31,188	4,905	8,958	-18,696	45,022	-28,810	3,537	7,041	49,269
Tax	-497	-3,214	-6,794	-12,936	-992	-721	0	-932	-1,791	0	-9,455	0	-849	-1,831	-13,795
Profit After Tax	1,491	9,641	28,963	55,148	4,228	3,074	-31,188	3,973	7,166	-18,696	35,567	-28,810	2,688	5,210	35,474
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,491	9,641	28,963	55,148	4,228	3,074	-31,188	3,973	7,166	-18,696	35,567	-28,810	2,688	5,210	35,474
Employee Costs	1,283,875	1,245,773	1,094,700	1,003,636	1,427,577	1,738,584	1,773,473	12,227,238	11,929,085	3,071,426	2,162,814	1,993,871	2,183,130	2,075,270	1,891,504
Number Of Employees	24	25	23	24	33	39	42	292	292	78	55	53	57	58	53
EBITDA*	13,833	25,187	55,014	86,665	19,765	12,320	-23,010	15,554	22,505	-7,647	50,476	-23,800	8,393	10,787	50,369

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	42,014	32,238	39,112	29,941	37,276	46,438	29,353	34,815	41,682	50,042	18,174	19,149	18,460	15,145	9,579
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	0	0	0	0	0	0	0
Total Fixed Assets	42,014	32,238	39,112	29,941	37,276	46,438	29,353	34,815	41,682	50,042	18,174	19,149	18,460	15,145	9,579
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	566,171	606,511	787,768	522,988	330,170	965,681	1,029,298	778,694	1,362,311	1,186,952	895,414	744,988	742,263	819,208	539,555
Group Debtors	89,754	108	0	30,307	77,714	133,067	76,247	0	1,558	0	0	0	0	0	0
Misc Debtors	47,309	91,136	109,593	168,258	62,901	79,554	78,703	72,676	75,272	0	0	0	0	0	0
Cash	228	10,333	58,263	83,240	234,969	110,465	32,474	52,186	568	123,803	13,883	7,083	5,798	22,737	1,515
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	703,462	708,088	955,624	804,793	705,754	1,288,767	1,216,722	903,556	1,439,709	1,310,755	909,297	752,071	748,061	841,945	541,070
total assets	745,476	740,326	994,736	834,734	743,030	1,335,205	1,246,075	938,371	1,481,391	1,360,797	927,471	771,220	766,521	857,090	550,649
Bank overdraft	9,643	2,307	27,273	27,273	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	36,762	45,904	38,890	40,151	48,243	63,336	32,493	58,522	238,219	1,320,037	847,850	689,673	649,880	736,737	437,095
Group/Directors Accounts	209,571	168,439	187,829	0	0	0	0	27,970	67,705	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	0	0	0	0	0	0	0	0	0	0
other current liabilities	368,765	407,502	565,049	581,058	521,311	1,251,526	1,196,419	801,334	1,128,289	0	0	0	0	0	0
total current liabilities	624,741	624,152	819,041	648,482	569,554	1,314,862	1,228,912	887,826	1,434,213	1,320,037	847,850	689,673	649,880	736,737	437,095
loans	0	0	67,818	109,091	150,000	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	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	0	0	24,947	61,947	67,978	75,417	77,070
provisions	5,796	2,726	4,070	2,317	3,780	4,875	4,769	6,963	7,569	8,317	3,535	4,028	4,281	3,242	0
total long term liabilities	5,796	2,726	71,888	111,408	153,780	4,875	4,769	6,963	7,569	8,317	28,482	65,975	72,259	78,659	77,070
total liabilities	630,537	626,878	890,929	759,890	723,334	1,319,737	1,233,681	894,789	1,441,782	1,328,354	876,332	755,648	722,139	815,396	514,165
net assets	114,939	113,448	103,807	74,844	19,696	15,468	12,394	43,582	39,609	32,443	51,139	15,572	44,382	41,694	36,484
total shareholders funds	114,939	113,448	103,807	74,844	19,696	15,468	12,394	43,582	39,609	32,443	51,139	15,572	44,382	41,694	36,484

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	2,383	16,425	43,150	76,659	9,622	3,259	-31,400	4,839	8,647	-19,040	44,969	-28,842	3,466	6,980	49,266
Depreciation	11,450	8,762	11,864	10,006	10,143	9,061	8,390	10,715	13,858	11,393	5,507	5,042	4,927	3,807	1,103
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-497	-3,214	-6,794	-12,936	-992	-721	0	-932	-1,791	0	-9,455	0	-849	-1,831	-13,795
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	5,479	-199,606	175,808	250,768	-707,517	-5,946	332,878	-587,771	252,189	291,538	150,426	2,725	-76,945	279,653	539,555
Creditors	-9,142	7,014	-1,261	-8,092	-15,093	30,843	-26,029	-179,697	-1,081,818	472,187	158,177	39,793	-86,857	299,642	437,095
Accruals and Deferred Income	-38,737	-157,547	-16,009	59,747	-730,215	55,107	395,085	-326,955	1,128,289	0	0	0	0	0	0
Deferred Taxes & Provisions	3,070	-1,344	1,753	-1,463	-1,095	106	-2,194	-606	-748	4,782	-493	-253	1,039	3,242	0
Cash flow from operations	-36,952	69,702	-143,105	-126,847	-20,113	103,601	10,974	95,135	-185,752	177,784	48,279	13,015	-1,329	32,187	-65,886
Investing Activities
capital expenditure	-21,226	-1,888	-21,035	-2,671	-981	-26,146	-2,928	-3,848	-5,498	-43,261	-4,532	-5,731	-8,242	-9,373	-10,682
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-21,226	-1,888	-21,035	-2,671	-981	-26,146	-2,928	-3,848	-5,498	-43,261	-4,532	-5,731	-8,242	-9,373	-10,682
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	41,132	-19,390	187,829	0	0	0	-27,970	-39,735	67,705	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	-67,818	-41,273	-40,909	150,000	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	0	0	0	0	0	0	0	0	0	-24,947	-37,000	-6,031	-7,439	-1,653	77,070
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,010
interest	-395	-3,570	-7,393	-8,575	-4,402	536	212	66	311	344	52	32	71	61	4
cash flow from financing	40,737	-90,778	139,163	-49,484	145,598	536	-27,758	-39,669	68,016	-24,603	-36,948	-5,999	-7,368	-1,592	78,084
cash and cash equivalents
cash	-10,105	-47,930	-24,977	-151,729	124,504	77,991	-19,712	51,618	-123,235	109,920	6,800	1,285	-16,939	21,222	1,515
overdraft	7,336	-24,966	0	27,273	0	0	0	0	0	0	0	0	0	0	0
change in cash	-17,441	-22,964	-24,977	-179,002	124,504	77,991	-19,712	51,618	-123,235	109,920	6,800	1,285	-16,939	21,222	1,515

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASC CONNECTIONS LIMITED group structure

Asc Connections Limited has no subsidiary companies.

Ultimate parent company

NEW HORIZON HOLDINGS LIMITED

12347576

ASC CONNECTIONS GROUP LIMITED

06870815

2 parents

ASC CONNECTIONS LIMITED

06844747

ASC CONNECTIONS LIMITED Shareholders

asc connections group ltd

100%

Asc Connections Limited currently has 5 directors. The longest serving directors include Mr Michael Smith (Mar 2009) and Mr Neil McNally (Mar 2009).

officer	country	age	start	end	role
Mr Michael Smith		66 years	Mar 2009	-	Director
Mr Neil McNally	England	55 years	Mar 2009	-	Director
Ms Jane Colley		59 years	Mar 2009	-	Director
Mr David Sweet	United Kingdom	48 years	Dec 2021	-	Director
Mr David Sweet	United Kingdom	48 years	Dec 2021	-	Director

P&L

May 2024

turnover

3.7m

operating profit

2.4k

gross margin

23.2%

-7.82%

turnover

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

Balance Sheet

May 2024

net assets

114.9k

+0.01%

total assets

745.5k

+0.01%

cash

228

-0.98%

net assets

Total assets minus all liabilities

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company number

06844747

Type

Private limited with Share Capital

industry

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

March 2009

ultimate parent company

NEW HORIZON HOLDINGS LIMITED

previous names

asc connections (birmingham) limited (June 2014)

address

7th floor rear, 36 great charles street, birmingham, B3 3JY

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 asc connections limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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asc connections limited Company Information

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asc connections limited Estimated Valuation

asc connections limited Estimated Valuation

Asc Connections Limited Overview

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ASC CONNECTIONS LIMITED financials

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