etherstack plc
etherstack plc Company Information
Company Number
07951056
Next Accounts
Jun 2025
Shareholders
chess depositary nominees pty limited
david deacon
View AllGroup Structure
View All
Industry
Wireless telecommunications activities
Registered Address
suite 12, the blade, abbey square, reading, RG1 3BE
Website
www.etherstack.cometherstack plc Estimated Valuation
Pomanda estimates the enterprise value of ETHERSTACK PLC at £9m based on a Turnover of £7.4m and 1.22x industry multiple (adjusted for size and gross margin).
etherstack plc Estimated Valuation
Pomanda estimates the enterprise value of ETHERSTACK PLC at £2m based on an EBITDA of £450k and a 4.41x industry multiple (adjusted for size and gross margin).
etherstack plc Estimated Valuation
Pomanda estimates the enterprise value of ETHERSTACK PLC at £19.6m based on Net Assets of £7.7m and 2.54x industry multiple (adjusted for liquidity).
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Etherstack Plc Overview
Etherstack Plc is a live company located in reading, RG1 3BE with a Companies House number of 07951056. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in February 2012, it's largest shareholder is chess depositary nominees pty limited with a 83.9% stake. Etherstack Plc is a established, mid sized company, Pomanda has estimated its turnover at £7.4m with high growth in recent years.
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Etherstack Plc Health Check
Pomanda's financial health check has awarded Etherstack Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £7.4m, make it in line with the average company (£7.6m)
£7.4m - Etherstack Plc
£7.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (6.4%)
28% - Etherstack Plc
6.4% - Industry AVG
Production
with a gross margin of 54.7%, this company has a lower cost of product (39.1%)
54.7% - Etherstack Plc
39.1% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (3.7%)
6.1% - Etherstack Plc
3.7% - Industry AVG
Employees
with 38 employees, this is similar to the industry average (36)
38 - Etherstack Plc
36 - Industry AVG
Pay Structure
on an average salary of £116.6k, the company has a higher pay structure (£66.8k)
£116.6k - Etherstack Plc
£66.8k - Industry AVG
Efficiency
resulting in sales per employee of £194.7k, this is equally as efficient (£196.2k)
£194.7k - Etherstack Plc
£196.2k - Industry AVG
Debtor Days
it gets paid by customers after 124 days, this is later than average (47 days)
124 days - Etherstack Plc
47 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (46 days)
35 days - Etherstack Plc
46 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (34 days)
25 days - Etherstack Plc
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (10 weeks)
30 weeks - Etherstack Plc
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.4%, this is a lower level of debt than the average (57.6%)
39.4% - Etherstack Plc
57.6% - Industry AVG
ETHERSTACK PLC financials
Etherstack Plc's latest turnover from December 2023 is £7.4 million and the company has net assets of £7.7 million. According to their latest financial statements, Etherstack Plc has 38 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,397,895 | 7,603,676 | 6,876,921 | 3,556,615 | 3,492,457 | 4,290,139 | 3,214,286 | 4,344,759 | 1,811,995 | 4,927,596 | 3,419,478 | 4,207,794 | 9,489,376 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 3,348,256 | 2,489,790 | 2,418,729 | 1,537,996 | 1,098,316 | 1,359,413 | 1,408,098 | 2,300,292 | 1,144,207 | 1,994,372 | 1,591,372 | 1,570,687 | 2,117,032 |
| Gross Profit | 4,049,639 | 5,113,886 | 4,458,192 | 2,018,619 | 2,394,140 | 2,930,725 | 1,806,187 | 2,044,467 | 667,788 | 2,933,224 | 1,828,105 | 2,637,107 | 7,372,344 |
| Admin Expenses | 3,599,592 | 3,525,762 | 3,463,529 | 2,212,382 | 2,877,341 | 2,650,366 | 3,297,694 | 3,401,981 | 5,443,190 | 5,128,681 | 4,787,269 | 3,455,869 | 4,366,133 |
| Operating Profit | 450,047 | 1,588,124 | 994,663 | -193,763 | -483,201 | 280,359 | -1,491,507 | -1,357,514 | -4,775,402 | -2,195,457 | -2,959,164 | -818,762 | 3,006,211 |
| Interest Payable | 142,161 | 79,328 | 135,856 | 120,345 | 233,948 | 166,259 | 147,862 | 209,506 | 421,171 | 415,895 | 260,406 | 62,064 | 20,922 |
| Interest Receivable | 1,617 | 7,568 | 814 | 199,423 | 34,430 | 653 | |||||||
| Pre-Tax Profit | 307,886 | 1,508,797 | 860,424 | -1,983,803 | -728,810 | -60,310 | -1,440,704 | -1,567,021 | -5,162,143 | -2,776,748 | -3,131,453 | -880,826 | 2,985,943 |
| Tax | 102,105 | 226,987 | 316,190 | 242,961 | 94,016 | 103,504 | 268,426 | 357,728 | 374,730 | 1,235,330 | 119,024 | 239,900 | -378,555 |
| Profit After Tax | 409,991 | 1,735,784 | 1,176,613 | -1,740,842 | -634,793 | 43,195 | -1,172,278 | -1,209,292 | -4,787,413 | -1,541,418 | -3,012,428 | -640,926 | 2,607,388 |
| Dividends Paid | |||||||||||||
| Retained Profit | 409,991 | 1,735,784 | 1,176,613 | -1,740,842 | -634,793 | 43,195 | -1,172,278 | -1,209,292 | -4,787,413 | -1,541,418 | -3,012,428 | -640,926 | 2,607,388 |
| Employee Costs | 4,432,139 | 4,644,989 | 4,236,617 | 2,465,940 | 2,132,498 | 2,226,569 | 2,134,516 | 2,367,277 | 2,887,341 | 3,536,477 | 4,626,159 | 4,025,184 | 4,213,142 |
| Number Of Employees | 38 | 38 | 33 | 26 | 25 | 23 | 24 | 34 | 39 | 43 | 50 | 64 | 59 |
| EBITDA* | 450,047 | 1,588,124 | 994,663 | 817,439 | 796,589 | 1,517,521 | 69,760 | 447,516 | -2,547,042 | -591,586 | -1,947,788 | -219,610 | 3,371,689 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 721,018 | 562,363 | 1,132,945 | 417,802 | 86,728 | 35,045 | 197,149 | 84,088 | 178,557 | 231,281 | 323,535 | 537,686 | 155,606 |
| Intangible Assets | 6,553,566 | 5,864,750 | 4,332,848 | 2,661,217 | 2,401,428 | 3,019,560 | 3,008,038 | 3,628,590 | 5,034,030 | 6,603,528 | 7,751,693 | 5,823,238 | 3,526,643 |
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 395,852 | 135,092 | 223,192 | 305,782 | 148,619 | 71,260 | 120,105 | 137,258 | 169,001 | 308,527 | |||
| Total Fixed Assets | 7,274,583 | 6,427,112 | 5,465,793 | 3,079,019 | 2,488,156 | 3,054,604 | 3,205,186 | 3,712,677 | 5,212,587 | 6,834,808 | 8,075,228 | 6,360,923 | 3,682,249 |
| Stock & work in progress | 230,914 | 338,517 | 258,774 | 240,690 | 112,965 | 174,409 | 110,706 | 195,966 | 385,939 | 122,846 | 194,647 | 221,400 | 132,069 |
| Trade Debtors | 2,514,138 | 999,843 | 1,134,563 | 439,752 | 910,284 | 1,687,042 | 1,125,265 | 837,312 | 337,897 | 99,513 | 718,748 | 1,872,650 | 1,735,861 |
| Group Debtors | |||||||||||||
| Misc Debtors | 1,103,518 | 1,683,945 | 837,781 | 627,459 | 452,590 | 530,562 | 809,068 | 701,916 | 936,023 | 1,620,341 | 568,159 | 820,552 | 494,279 |
| Cash | 1,618,755 | 1,506,440 | 2,456,736 | 3,163,790 | 678,521 | 41,564 | 31,088 | 168,175 | 40,835 | 304,028 | 19,070 | 162,320 | 1,739,130 |
| misc current assets | 96,882 | 67,051 | |||||||||||
| total current assets | 5,467,326 | 4,528,746 | 4,687,854 | 4,568,574 | 2,221,412 | 2,433,578 | 2,076,130 | 1,903,371 | 1,700,697 | 2,146,730 | 1,500,625 | 3,076,923 | 4,101,340 |
| total assets | 12,741,909 | 10,955,858 | 10,153,647 | 7,647,593 | 4,709,568 | 5,488,182 | 5,281,316 | 5,616,048 | 6,913,284 | 8,981,538 | 9,575,853 | 9,437,846 | 7,783,589 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 326,736 | 355,011 | 700,307 | 639,570 | 443,845 | 879,381 | 1,122,232 | 1,051,806 | 1,522,940 | 1,128,955 | 904,846 | 701,796 | 655,116 |
| Group/Directors Accounts | 241,125 | 351,869 | 742,358 | ||||||||||
| other short term finances | 609,294 | 919,758 | 1,603,096 | 1,332,271 | 684,101 | 4,220,514 | 1,876,329 | 289,340 | 186,787 | 305,982 | |||
| hp & lease commitments | 175,149 | 183,003 | 193,271 | 109,748 | 79,440 | ||||||||
| other current liabilities | 2,053,878 | 2,509,424 | 2,776,968 | 3,007,870 | 2,469,206 | 2,869,599 | 2,424,173 | 2,517,635 | 2,500,599 | 1,655,341 | 1,342,801 | 856,954 | 817,913 |
| total current liabilities | 2,796,890 | 3,399,309 | 4,412,906 | 4,366,485 | 3,912,251 | 5,352,078 | 4,878,678 | 4,253,545 | 8,244,055 | 4,660,627 | 2,536,990 | 1,745,539 | 1,779,013 |
| loans | 3,887,840 | 428,840 | 655,020 | 169,542 | 2,254,936 | 186,533 | 1,344,451 | 2,554,086 | 923,196 | ||||
| hp & lease commitments | 39,271 | 214,420 | 327,510 | 84,771 | 94,745 | ||||||||
| Accruals and Deferred Income | 77,959 | 61,220 | 84,759 | 87,958 | 33,492 | 144,126 | 157,847 | 226,211 | 210,658 | ||||
| other liabilities | 282,752 | 211,278 | 135,856 | 7,568 | 31,338 | 24,449 | 20,473 | ||||||
| provisions | 22,642 | 21,192 | 58,304 | 107,578 | 156,202 | 189,552 | 204,980 | 231,966 | 330,110 | 375,962 | |||
| total long term liabilities | 2,226,672 | 425,699 | 474,688 | 180,896 | 1,249,180 | 162,999 | 373,066 | 128,269 | 246,617 | 1,618,282 | 2,945,354 | 1,321,835 | |
| total liabilities | 5,023,562 | 3,825,008 | 4,887,594 | 4,547,381 | 5,161,431 | 5,515,077 | 5,251,744 | 4,381,814 | 8,490,672 | 6,278,909 | 5,482,344 | 3,067,374 | 1,779,013 |
| net assets | 7,718,348 | 7,130,851 | 5,266,052 | 3,100,212 | -451,863 | -26,895 | 29,572 | 1,234,233 | -1,577,388 | 2,702,629 | 4,093,509 | 6,370,472 | 6,004,577 |
| total shareholders funds | 7,718,347 | 7,130,851 | 5,266,052 | 3,100,212 | -451,862 | -26,895 | 29,572 | 1,234,234 | -1,577,388 | 2,702,629 | 4,093,510 | 6,370,472 | 6,004,577 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 450,047 | 1,588,124 | 994,663 | -193,763 | -483,201 | 280,359 | -1,491,507 | -1,357,514 | -4,775,402 | -2,195,457 | -2,959,164 | -818,762 | 3,006,211 |
| Depreciation | 115,804 | 104,220 | 23,635 | 12,891 | 37,768 | 48,042 | 56,962 | 96,666 | 125,918 | 152,991 | |||
| Amortisation | 895,398 | 1,175,570 | 1,213,528 | 1,548,377 | 1,767,262 | 2,180,318 | 1,546,908 | 914,710 | 473,235 | 212,487 | |||
| Tax | 102,105 | 226,987 | 316,190 | 242,961 | 94,016 | 103,504 | 268,426 | 357,728 | 374,730 | 1,235,330 | 119,024 | 239,900 | -378,555 |
| Stock | -107,603 | 79,743 | 18,084 | 127,725 | -61,444 | 63,703 | -85,260 | -189,973 | 263,093 | -71,801 | -26,753 | 89,331 | 132,069 |
| Debtors | 1,194,628 | 623,345 | 822,542 | 10,119 | -854,729 | 134,650 | 472,465 | 216,462 | -463,086 | 401,204 | -1,545,821 | 771,589 | 2,230,140 |
| Creditors | -28,275 | -345,296 | 60,737 | 195,725 | -435,535 | -242,852 | 70,426 | -471,134 | 393,985 | 224,108 | 203,050 | 46,680 | 655,116 |
| Accruals and Deferred Income | -455,546 | -267,544 | -308,861 | 555,403 | -423,932 | 442,227 | -38,996 | -93,598 | 831,537 | 244,176 | 501,400 | 249,699 | 817,913 |
| Deferred Taxes & Provisions | -22,642 | 1,450 | -37,112 | -49,274 | -48,624 | -33,350 | -15,428 | -26,986 | -98,144 | -45,852 | 375,962 | ||
| Cash flow from operations | -1,018,694 | 476,541 | 223,553 | 1,636,572 | 898,037 | 1,573,424 | -50,938 | 198,595 | -773,783 | 684,480 | 402,408 | -168,288 | 2,103,954 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | 742,358 | ||||||||||||
| Other Short Term Loans | -609,294 | -310,464 | -683,338 | 270,825 | 648,170 | -3,536,413 | 2,344,185 | 1,586,989 | 102,553 | -119,195 | 305,982 | ||
| Long term loans | 3,459,000 | -226,180 | 485,478 | -2,085,394 | 2,254,936 | -186,533 | 186,533 | -1,344,451 | -1,209,635 | 1,630,890 | 923,196 | ||
| Hire Purchase and Lease Commitments | -183,003 | -123,358 | 326,262 | 20,334 | 174,185 | ||||||||
| other long term liabilities | 71,474 | 75,422 | 128,288 | -23,770 | 6,889 | 3,976 | 20,473 | ||||||
| share issue | |||||||||||||
| interest | -142,161 | -79,328 | -134,239 | -112,777 | -233,948 | -165,445 | 51,561 | -209,506 | -386,741 | -415,895 | -260,406 | -62,064 | -20,269 |
| cash flow from financing | 3,382,815 | -224,429 | 1,928,080 | 2,780,845 | 1,728,550 | -176,839 | 874,354 | 274,995 | 1,120,389 | 111,996 | 2,208,503 | 1,748,758 | 3,682,902 |
| cash and cash equivalents | |||||||||||||
| cash | 112,315 | -950,296 | -707,054 | 2,485,269 | 636,957 | 10,476 | -137,087 | 127,340 | -263,193 | 284,958 | -143,250 | -1,576,810 | 1,739,130 |
| overdraft | |||||||||||||
| change in cash | 112,315 | -950,296 | -707,054 | 2,485,269 | 636,957 | 10,476 | -137,087 | 127,340 | -263,193 | 284,958 | -143,250 | -1,576,810 | 1,739,130 |
etherstack plc Credit Report and Business Information
Etherstack Plc Competitor Analysis
Perform a competitor analysis for etherstack plc by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in RG1 area or any other competitors across 12 key performance metrics.
etherstack plc Ownership
ETHERSTACK PLC group structure
Etherstack Plc has 1 subsidiary company.
etherstack plc directors
Etherstack Plc currently has 4 directors. The longest serving directors include Mr David Deacon (Feb 2012) and Mr Paul Barnes (Feb 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Deacon | 55 years | Feb 2012 | - | Director | |
| Mr Paul Barnes | England | 71 years | Feb 2012 | - | Director |
| Mr Scott Minehane | United Kingdom | 58 years | May 2012 | - | Director |
| Mr Peter Stephens | United Kingdom | 69 years | May 2012 | - | Director |
P&L
December 2023turnover
7.4m
-3%
operating profit
450k
-72%
gross margin
54.8%
-18.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.7m
+0.08%
total assets
12.7m
+0.16%
cash
1.6m
+0.07%
net assets
Total assets minus all liabilities
etherstack plc company details
company number
07951056
Type
Public limited with Share Capital
industry
61200 - Wireless telecommunications activities
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
mm&s (5698) plc (May 2012)
accountant
-
auditor
GRANT THORNTON UK LLP
address
suite 12, the blade, abbey square, reading, RG1 3BE
Bank
-
Legal Advisor
-
etherstack plc 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 did not find charges/mortgages relating to etherstack plc.
etherstack plc Capital Raised & Share Issues BETA
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etherstack plc Companies House Filings - See Documents
| date | description | view/download |
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