Sprint Convergence Limited

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SOLUTIONS

sprint convergence limited Company Information

Company Number

07101583

Next Accounts

Feb 2025

Directors

Jonathan Barns

Paul Leonard

Shareholders

sprint group holdings limited

Group Structure

View All

Industry

Wired telecommunications activities

Registered Address

wrest park the mansion house, silsoe, bedfordshire, MK45 4HR

Website

www.sprintconvergence.co.uk

sprint convergence limited Estimated Valuation

£944.1k

Pomanda estimates the enterprise value of SPRINT CONVERGENCE LIMITED at £944.1k based on a Turnover of £1.1m and 0.87x industry multiple (adjusted for size and gross margin).

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Sprint Convergence Limited is a live company located in bedfordshire, MK45 4HR with a Companies House number of 07101583. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in December 2009, it's largest shareholder is sprint group holdings limited with a 100% stake. Sprint Convergence Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.

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Pomanda's financial health check has awarded Sprint Convergence Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (3.9%)

EXPORT

Sprint Convergence Limited's latest turnover from May 2023 is estimated at £1.1 million and the company has net assets of £78.4 thousand. According to their latest financial statements, Sprint Convergence Limited has 6 employees and maintains cash reserves of £42.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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
Turnover	1,080,115	854,171	872,118	991,231	772,988	954,430	880,794	852,851	1,070,203	913,398	824,014	550,886	137,545
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	647,089	504,645	506,259	545,076	435,556	555,184	503,802	506,560	626,616	559,874	527,164	338,487	83,855
Gross Profit	433,026	349,526	365,859	446,155	337,432	399,246	376,991	346,290	443,587	353,524	296,850	212,398	53,690
Admin Expenses	494,915	317,968	321,120	448,999	343,844	487,751	475,245	315,586	361,243	204,412	251,779	195,456	37,018
Operating Profit	-61,889	31,558	44,739	-2,844	-6,412	-88,505	-98,254	30,704	82,344	149,112	45,071	16,942	16,672
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,993	963	87	62	223	136	112	328	362	198	97	37	0
Pre-Tax Profit	-58,896	32,521	44,826	-2,782	-6,189	-88,369	-98,142	31,033	82,706	149,310	45,168	16,979	16,672
Tax	0	-6,179	-8,517	0	0	0	0	-6,206	-16,541	-31,355	-10,389	-4,075	-4,335
Profit After Tax	-58,896	26,342	36,309	-2,782	-6,189	-88,369	-98,142	24,826	66,165	117,955	34,779	12,904	12,337
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-58,896	26,342	36,309	-2,782	-6,189	-88,369	-98,142	24,826	66,165	117,955	34,779	12,904	12,337
Employee Costs	298,115	296,762	260,291	394,614	264,835	297,347	355,273	266,213	248,640	188,034	202,201	110,367	33,646
Number Of Employees	6	6	6	9	6	7	8	6	6	5	5	3	1
EBITDA*	-59,044	39,499	50,136	45,964	46,347	-4,049	-425	122,366	133,932	192,552	63,646	18,434	18,014

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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
Tangible Assets	0	9,062	12,887	16,628	60,879	107,500	221,552	314,577	238,262	155,074	76,257	7,209	2,722
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	9,062	12,887	16,628	60,879	107,500	221,552	314,577	238,262	155,074	76,257	7,209	2,722
Stock & work in progress	0	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
Trade Debtors	166,659	135,886	127,138	118,757	106,660	128,502	104,394	114,480	150,324	128,822	104,847	77,523	24,791
Group Debtors	2,000	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,322	18,923	12,873	18,329	12,359	10,452	12,980	12,060	0	0	0	4,019	609
Cash	42,164	90,879	101,803	71,441	52,383	7,031	47,367	41,992	89,276	55,683	23,699	14,928	50
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	224,145	247,688	243,814	210,527	173,402	147,985	166,741	170,532	241,600	186,505	130,546	98,470	27,450
total assets	224,145	256,750	256,701	227,155	234,281	255,485	388,293	485,109	479,862	341,579	206,803	105,679	30,172
Bank overdraft	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
Trade Creditors	105,004	69,607	74,506	92,574	97,257	77,250	81,936	78,787	189,301	132,490	121,718	78,896	17,191
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	9,714	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	5,287	4,108	0	0	0	0	0
other current liabilities	40,702	48,487	69,180	57,191	48,474	74,678	57,541	43,565	0	0	0	0	0
total current liabilities	145,706	118,094	143,686	149,765	145,731	151,928	144,764	126,460	189,301	132,490	131,432	78,896	17,191
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	37,692	42,979	0	0	0	0	0
Accruals and Deferred Income	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	0	0	0
provisions	0	1,321	2,022	2,706	11,084	19,902	34,913	46,604	46,321	31,014	15,251	1,442	544
total long term liabilities	0	1,321	2,022	2,706	11,084	19,902	72,605	89,583	46,321	31,014	15,251	1,442	544
total liabilities	145,706	119,415	145,708	152,471	156,815	171,830	217,369	216,043	235,622	163,504	146,683	80,338	17,735
net assets	78,439	137,335	110,993	74,684	77,466	83,655	170,924	269,066	244,240	178,075	60,120	25,341	12,437
total shareholders funds	78,439	137,335	110,993	74,684	77,466	83,655	170,924	269,066	244,240	178,075	60,120	25,341	12,437

	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
Operating Activities
Operating Profit	-61,889	31,558	44,739	-2,844	-6,412	-88,505	-98,254	30,704	82,344	149,112	45,071	16,942	16,672
Depreciation	2,845	7,941	5,397	48,808	52,759	84,456	97,829	91,662	51,588	43,440	18,575	1,492	1,342
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,179	-8,517	0	0	0	0	-6,206	-16,541	-31,355	-10,389	-4,075	-4,335
Stock	-2,000	0	0	0	0	0	0	0	0	0	0	0	2,000
Debtors	27,172	14,798	2,925	18,067	-19,935	21,580	-9,166	-23,784	21,502	23,975	23,305	56,142	25,400
Creditors	35,397	-4,899	-18,068	-4,683	20,007	-4,686	3,149	-110,514	56,811	10,772	42,822	61,705	17,191
Accruals and Deferred Income	-7,785	-20,693	11,989	8,717	-26,204	17,137	13,976	43,565	0	0	0	0	0
Deferred Taxes & Provisions	-1,321	-701	-684	-8,378	-8,818	-15,011	-11,691	283	15,307	15,763	13,809	898	544
Cash flow from operations	-57,925	-7,771	31,931	23,553	51,267	-28,189	14,175	73,278	168,007	163,757	86,583	20,820	4,014
Investing Activities
capital expenditure	6,217	-4,116	-1,656	-4,557	-6,138	29,596	-4,804	-167,977	-134,776	-122,257	-87,623	-5,979	-4,064
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,217	-4,116	-1,656	-4,557	-6,138	29,596	-4,804	-167,977	-134,776	-122,257	-87,623	-5,979	-4,064
Financing Activities
Bank loans	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	-9,714	9,714	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	-42,979	-4,108	47,087	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	1,100	0	0	0	0	0	0	100
interest	2,993	963	87	62	223	136	112	328	362	198	97	37	0
cash flow from financing	2,993	963	87	62	223	-41,743	-3,996	47,415	362	-9,516	9,811	37	100
cash and cash equivalents
cash	-48,715	-10,924	30,362	19,058	45,352	-40,336	5,375	-47,284	33,593	31,984	8,771	14,878	50
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-48,715	-10,924	30,362	19,058	45,352	-40,336	5,375	-47,284	33,593	31,984	8,771	14,878	50

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPRINT CONVERGENCE LIMITED group structure

Sprint Convergence Limited has no subsidiary companies.

Ultimate parent company

SPRINT GROUP HOLDINGS LIMITED

11367159

1 parent

SPRINT CONVERGENCE LIMITED

07101583

SPRINT CONVERGENCE LIMITED Shareholders

sprint group holdings limited

100%

Sprint Convergence Limited currently has 2 directors. The longest serving directors include Mr Jonathan Barns (Jul 2013) and Mr Paul Leonard (Nov 2022).

officer	country	age	start	end	role
Mr Jonathan Barns	England	55 years	Jul 2013	-	Director
Mr Paul Leonard	United Kingdom	60 years	Nov 2022	-	Director

P&L

May 2023

turnover

1.1m

+26%

operating profit

-61.9k

gross margin

40.1%

-2.03%

turnover

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

Balance Sheet

May 2023

net assets

78.4k

-0.43%

total assets

224.1k

-0.13%

cash

42.2k

-0.54%

net assets

Total assets minus all liabilities

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company number

07101583

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

incorporation date

December 2009

ultimate parent company

SPRINT GROUP HOLDINGS LIMITED

previous names

N/A

address

wrest park the mansion house, silsoe, bedfordshire, MK45 4HR

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sprint convergence limited Company Information

sprint convergence limited Estimated Valuation

sprint convergence limited Estimated Valuation

sprint convergence limited Estimated Valuation

Sprint Convergence Limited Overview

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