go internet ltd

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go internet ltd Company Information

Share GO INTERNET LTD

Company Number

07251276

Shareholders

trevor cook

nigal peach

Group Structure

View All

Industry

Wireless telecommunications activities

 

Registered Address

23-25 fortis house cothey way, ryde, PO33 1QT

go internet ltd Estimated Valuation

£396.5k

Pomanda estimates the enterprise value of GO INTERNET LTD at £396.5k based on a Turnover of £460.4k and 0.86x industry multiple (adjusted for size and gross margin).

go internet ltd Estimated Valuation

£416.1k

Pomanda estimates the enterprise value of GO INTERNET LTD at £416.1k based on an EBITDA of £133.9k and a 3.11x industry multiple (adjusted for size and gross margin).

go internet ltd Estimated Valuation

£52.8k

Pomanda estimates the enterprise value of GO INTERNET LTD at £52.8k based on Net Assets of £20.8k and 2.54x industry multiple (adjusted for liquidity).

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Go Internet Ltd Overview

Go Internet Ltd is a live company located in ryde, PO33 1QT with a Companies House number of 07251276. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in May 2010, it's largest shareholder is trevor cook with a 75% stake. Go Internet Ltd is a established, micro sized company, Pomanda has estimated its turnover at £460.4k with declining growth in recent years.

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Go Internet Ltd Health Check

Pomanda's financial health check has awarded Go Internet Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £460.4k, make it smaller than the average company (£7.3m)

£460.4k - Go Internet Ltd

£7.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5.8%)

-14% - Go Internet Ltd

5.8% - Industry AVG

production

Production

with a gross margin of 38.7%, this company has a comparable cost of product (38.7%)

38.7% - Go Internet Ltd

38.7% - Industry AVG

profitability

Profitability

an operating margin of -24.6% make it less profitable than the average company (2.7%)

-24.6% - Go Internet Ltd

2.7% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (36)

5 - Go Internet Ltd

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.4k, the company has an equivalent pay structure (£63.4k)

£63.4k - Go Internet Ltd

£63.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £92.1k, this is less efficient (£194.7k)

£92.1k - Go Internet Ltd

£194.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (47 days)

16 days - Go Internet Ltd

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 108 days, this is slower than average (39 days)

108 days - Go Internet Ltd

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 41 days, this is more than average (32 days)

41 days - Go Internet Ltd

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (10 weeks)

4 weeks - Go Internet Ltd

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.2%, this is a higher level of debt than the average (63.2%)

95.2% - Go Internet Ltd

63.2% - Industry AVG

GO INTERNET LTD financials

EXPORTms excel logo

Go Internet Ltd's latest turnover from May 2024 is estimated at £460.4 thousand and the company has net assets of £20.8 thousand. According to their latest financial statements, Go Internet Ltd has 5 employees and maintains cash reserves of £9.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011
Turnover460,402412,932587,935734,985687,899605,499225,179301,525188,077213,295228,635146,69549,3559,494
Other Income Or Grants
Cost Of Sales282,239259,729363,368454,455416,954341,089139,936182,245110,864121,471132,22988,51329,4415,551
Gross Profit178,163153,203224,567280,529270,945264,41085,243119,28177,21491,82496,40658,18219,9143,943
Admin Expenses291,622175,697211,762216,291226,594278,43469,978119,61976,36198,91882,84549,51933,059-230
Operating Profit-113,459-22,49412,80564,23844,351-14,02415,265-338853-7,09413,5618,663-13,1454,173
Interest Payable30,71611,825
Interest Receivable1,13576035914125
Pre-Tax Profit-143,040-33,55912,80564,23844,351-14,02415,265-338856-7,08913,5708,677-13,1334,178
Tax-2,433-12,205-8,427-2,900-171-2,850-1,996-1,086
Profit After Tax-143,040-33,55910,37252,03335,924-14,02412,365-338685-7,08910,7206,681-13,1333,092
Dividends Paid
Retained Profit-143,040-33,55910,37252,03335,924-14,02412,365-338685-7,08910,7206,681-13,1333,092
Employee Costs317,143323,033305,938317,500308,987352,420123,849120,82463,36754,90154,40758,48057,66554,888
Number Of Employees55555622111111
EBITDA*133,870-22,49412,80564,23844,351-14,02415,265-3388537,17220,68915,801-11,0445,413

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011
Tangible Assets308,662273,549328,778303,694280,229162,313142,29791,64065,35338,38432,99521,41412,1994,711
Intangible Assets39,65244,937
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets348,314318,486328,778303,694280,229162,313142,29791,64065,35338,38432,99521,41412,1994,711
Stock & work in progress32,00032,645
Trade Debtors21,24619,21861,94366,56574,12740,35212,75423,98919,31729,15033,84313,3462,262
Group Debtors
Misc Debtors22,6494,144
Cash9,44933,7981,1221,0362,5312,9702,015
misc current assets
total current assets85,34489,80561,94366,56574,12740,35212,75423,98919,31730,27234,87915,8775,2322,015
total assets433,658408,291390,721370,259354,356202,665155,051115,62984,67068,65667,87437,29117,4316,726
Bank overdraft21,772
Bank loan
Trade Creditors 83,93877,10493,443170,104126,05489,383115,286112,11376,54565,08456,69240,55126,5282,690
Group/Directors Accounts312
other short term finances
hp & lease commitments13,996
other current liabilities7,79325,443
total current liabilities113,815116,54393,443170,104126,05489,383115,286112,11376,54565,08456,69240,55126,5282,690
loans299,054225,245
hp & lease commitments
Accruals and Deferred Income
other liabilities197,316110,345190,525111,42923,888
provisions2,6742,6742,8942,8942,8942,8942,8987,1693,2013,722942942
total long term liabilities299,054227,919199,990113,239193,419114,32326,7822,8987,1693,2013,722942942
total liabilities412,869344,462293,433283,343319,473203,706142,068115,01183,71468,28560,41440,55127,4703,632
net assets20,78963,82997,28886,91634,883-1,04112,9836189563717,460-3,260-10,0393,094
total shareholders funds20,78963,82997,28886,91634,883-1,04112,9836189563717,460-3,260-10,0393,094
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011
Operating Activities
Operating Profit-113,459-22,49412,80564,23844,351-14,02415,265-338853-7,09413,5618,663-13,1454,173
Depreciation239,84414,2667,1287,1382,1011,240
Amortisation7,485
Tax-2,433-12,205-8,427-2,900-171-2,850-1,996-1,086
Stock-64532,645
Debtors20,533-38,581-4,622-7,56233,77527,598-11,2354,672-9,833-4,69320,49711,0842,262
Creditors6,834-16,339-76,66144,05036,671-25,9033,17335,56811,4618,39216,14114,02323,8382,690
Accruals and Deferred Income-17,65025,443
Deferred Taxes & Provisions-2,674-220-4-4,2713,968-5213,722-942942
Cash flow from operations100,492-7,454-61,887103,64538,820-67,52526,76926,28725,94419,73617,20515,80210,5327,959
Investing Activities
capital expenditure-277,15710,292-25,084-23,465-117,916-20,016-50,657-26,287-26,969-19,655-18,709-16,353-9,589-5,951
Change in Investments
cash flow from investments-277,15710,292-25,084-23,465-117,916-20,016-50,657-26,287-26,969-19,655-18,709-16,353-9,589-5,951
Financing Activities
Bank loans
Group/Directors Accounts312
Other Short Term Loans
Long term loans73,809225,245
Hire Purchase and Lease Commitments-13,99613,996
other long term liabilities-197,31686,971-80,18079,09687,54123,888
share issue100,000100-100982
interest-29,581-11,06535914125
cash flow from financing130,54430,96086,971-80,18079,09687,54123,888-9759112127
cash and cash equivalents
cash-24,34933,798-1,12286-1,495-4399552,015
overdraft21,772
change in cash-46,12133,798-1,12286-1,495-4399552,015

go internet ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Go Internet Ltd Competitor Analysis

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Perform a competitor analysis for go internet ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in PO33 area or any other competitors across 12 key performance metrics.

go internet ltd Ownership

GO INTERNET LTD group structure

Go Internet Ltd has no subsidiary companies.

Ultimate parent company

GO INTERNET LTD

07251276

GO INTERNET LTD Shareholders

trevor cook 75%
nigal peach 25%

go internet ltd directors

Go Internet Ltd currently has 2 directors. The longest serving directors include Mr Trevor Cook (May 2010) and Mr Nigal Peach (May 2010).

officercountryagestartendrole
Mr Trevor CookEngland36 years May 2010- Director
Mr Nigal Peach57 years May 2010- Director

P&L

May 2024

turnover

460.4k

+11%

operating profit

-113.5k

0%

gross margin

38.7%

+4.3%

turnover

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

Balance Sheet

May 2024

net assets

20.8k

-0.67%

total assets

433.7k

+0.06%

cash

9.4k

-0.72%

net assets

Total assets minus all liabilities

go internet ltd company details

company number

07251276

Type

Private limited with Share Capital

industry

61200 - Wireless telecommunications activities

incorporation date

May 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

nammit networks ltd (March 2019)

accountant

VISION ACCOUNTING

auditor

-

address

23-25 fortis house cothey way, ryde, PO33 1QT

Bank

-

Legal Advisor

-

go internet ltd 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 1 charges/mortgages relating to go internet ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

go internet ltd 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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go internet ltd Companies House Filings - See Documents

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