Pomanda estimates the enterprise value of OPEN-NG LIMITED at £50.8k based on a Turnover of £81k and 0.63x industry multiple (adjusted for size and gross margin).
open-ng limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of OPEN-NG LIMITED at £0 based on an EBITDA of £-1.9k and a 4.26x industry multiple (adjusted for size and gross margin).
open-ng limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of OPEN-NG LIMITED at £0 based on Net Assets of £-9k and 2.26x industry multiple (adjusted for liquidity).
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Open-ng LimitedOverview
Open-ng Limited is a live company located in london, N1 7GU with a Companies House number of 07448516. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 2010, it's largest shareholder is
tunde julius ibikunle
with a 100% stake. Open-ng Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£81k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Open-Ng Limited a 0.5 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 Rating0.5out of 5
0 Strong
2 Regular
8 Weak
Size
annual sales of £81k, make it smaller than the average company (£1.3m)
£81k - Open-ng Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.2%)
5% - Open-ng Limited
7.2% - Industry AVG
Production
with a gross margin of 47.7%, this company has a comparable cost of product (47.7%)
47.7% - Open-ng Limited
47.7% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (6.7%)
-3.3% - Open-ng Limited
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (11)
1 - Open-ng Limited
11 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£56.9k)
£56.9k - Open-ng Limited
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £81k, this is less efficient (£125.8k)
£81k - Open-ng Limited
£125.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Open-ng Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (29 days)
5 days - Open-ng Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Open-ng Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Open-ng Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124%, this is a higher level of debt than the average (57.8%)
124% - Open-ng Limited
57.8% - Industry AVG
OPEN-NG LIMITED financials
EXPORT
Open-Ng Limited's latest turnover from November 2023 is estimated at £81 thousand and the company has net assets of -£9 thousand. According to their latest financial statements, Open-Ng Limited has 1 employee and maintains cash reserves of £12 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Turnover
81,035
77,560
73,169
69,167
72,526
47,222
73,069
193,854
90,991
78,380
24,116
3,211
Other Income Or Grants
Cost Of Sales
42,356
40,422
37,827
32,744
34,520
21,068
29,459
78,296
37,244
29,728
8,923
1,128
Gross Profit
38,680
37,138
35,342
36,423
38,006
26,155
43,610
115,558
53,747
48,652
15,193
2,083
Admin Expenses
41,351
32,204
39,131
43,776
38,530
35,899
49,874
96,108
50,512
50,087
16,525
2,231
-1,456
Operating Profit
-2,671
4,934
-3,789
-7,353
-524
-9,744
-6,264
19,450
3,235
-1,435
-1,332
-148
1,456
Interest Payable
Interest Receivable
3
1
4
43
26
1
4
3
1
1
Pre-Tax Profit
-2,668
4,936
-3,789
-7,353
-520
-9,701
-6,239
19,450
3,239
-1,432
-1,332
-147
1,457
Tax
-938
-3,890
-648
-379
Profit After Tax
-2,668
3,998
-3,789
-7,353
-520
-9,701
-6,239
15,560
2,591
-1,432
-1,332
-147
1,078
Dividends Paid
Retained Profit
-2,668
3,998
-3,789
-7,353
-520
-9,701
-6,239
15,560
2,591
-1,432
-1,332
-147
1,078
Employee Costs
56,912
52,571
48,749
44,923
49,968
54,846
50,398
57,721
57,534
57,314
54,087
54,071
Number Of Employees
1
1
1
1
1
1
1
1
1
1
1
1
EBITDA*
-1,915
6,026
-2,169
-3,653
5,526
-3,160
605
25,467
4,628
-262
-159
812
1,829
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Tangible Assets
147
586
2,810
6,426
9,536
6,382
872
1,385
2,558
2,881
1,865
Intangible Assets
3,023
3,779
4,724
5,905
7,381
9,226
15,503
14,416
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,023
3,779
4,871
6,491
10,191
15,652
25,039
20,798
872
1,385
2,558
2,881
1,865
Stock & work in progress
Trade Debtors
3,500
44,489
12,189
3,377
Group Debtors
Misc Debtors
34,271
48,993
51,215
52,801
56,677
29,973
3,319
18,823
Cash
12
93
22
30
1,123
10,313
425
1,167
151
25
213
misc current assets
total current assets
34,283
49,086
51,215
52,823
56,707
34,596
13,632
44,489
19,248
13,356
3,528
25
213
total assets
37,306
52,865
56,086
59,314
66,898
50,248
38,671
65,287
20,120
14,741
6,086
2,906
2,078
Bank overdraft
13
Bank loan
Trade Creditors
600
600
600
600
600
1,260
1,200
1,200
1,200
15,574
5,487
975
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
45,660
58,551
65,770
65,209
65,440
47,610
26,392
46,756
17,162
total current liabilities
46,260
59,151
66,370
65,809
66,040
48,870
27,592
47,969
18,362
15,574
5,487
975
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
46,260
59,151
66,370
65,809
66,040
48,870
27,592
47,969
18,362
15,574
5,487
975
net assets
-8,954
-6,286
-10,284
-6,495
858
1,378
11,079
17,318
1,758
-833
599
1,931
2,078
total shareholders funds
-8,954
-6,286
-10,284
-6,495
858
1,378
11,079
17,318
1,758
-833
599
1,931
2,078
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Operating Activities
Operating Profit
-2,671
4,934
-3,789
-7,353
-524
-9,744
-6,264
19,450
3,235
-1,435
-1,332
-148
1,456
Depreciation
147
439
2,224
4,205
4,277
3,986
2,413
1,393
1,173
1,173
960
373
Amortisation
756
945
1,181
1,476
1,845
2,307
2,883
3,604
Tax
-938
-3,890
-648
-379
Stock
Debtors
-14,722
-2,222
-1,586
-3,876
23,204
30,154
-41,170
25,666
6,634
8,812
3,377
Creditors
-660
60
-14,374
10,087
4,512
975
Accruals and Deferred Income
-12,891
-7,219
561
-231
17,830
21,218
-20,364
29,594
17,162
Deferred Taxes & Provisions
Cash flow from operations
-84
91
-22
-8
-508
-12,036
21,411
25,505
134
1,013
976
1,787
1,450
Investing Activities
capital expenditure
-589
2,803
-11,110
-25,943
-880
-850
-1,976
-2,238
Change in Investments
cash flow from investments
-589
2,803
-11,110
-25,943
-880
-850
-1,976
-2,238
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1,000
interest
3
1
4
43
26
1
4
3
1
1
cash flow from financing
3
1
4
43
26
1
4
3
1
1,001
cash and cash equivalents
cash
-81
93
-22
-8
-1,093
-9,190
10,313
-425
-742
1,016
126
-188
213
overdraft
-13
13
change in cash
-81
93
-22
-8
-1,093
-9,190
10,326
-438
-742
1,016
126
-188
213
open-ng limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for open-ng limited. Get real-time insights into open-ng limited's credit score, group structure and payment trends.
Perform a competitor analysis for open-ng limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
open-ng limited Ownership
OPEN-NG LIMITED group structure
Open-Ng Limited has no subsidiary companies.
Ultimate parent company
OPEN-NG LIMITED
07448516
OPEN-NG LIMITED Shareholders
The sole shareholder of Open-Ng Limited is Tunde Julius Ibikunle.
tunde julius ibikunle
100%
open-ng limited directors
Open-Ng Limited currently has 1 director, Mr Tunde Ibikunle serving since Nov 2010.
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 open-ng limited.
open-ng 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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open-ng limitedCompanies House Filings - See Documents
