Netsells Limited

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netsells limited Company Information

Company Number

08024129

Next Accounts

Jan 2026

Directors

Ryan Scaife

Sarat Pediredla

Shareholders

hedgehog lab holdings limited

Group Structure

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Industry

Other information technology and computer service activities

Registered Address

1 strawberry lane, one strawberry lane, newcastle upon tyne, NE1 4BX

Website

www.netsells.co.uk

netsells limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of NETSELLS LIMITED at £1.5m based on a Turnover of £2m and 0.75x industry multiple (adjusted for size and gross margin).

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Netsells Limited is a live company located in newcastle upon tyne, NE1 4BX with a Companies House number of 08024129. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2012, it's largest shareholder is hedgehog lab holdings limited with a 100% stake. Netsells Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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

Health Rating1out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £2m, make it smaller than the average company (£7.4m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (9.2%)

EXPORT

Netsells Limited's latest turnover from April 2024 is estimated at £2 million and the company has net assets of £86.8 thousand. According to their latest financial statements, Netsells Limited has 29 employees and maintains cash reserves of £23.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Mar 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Turnover	2,026,820	3,455,927	4,026,538	3,490,730	3,515,494	2,232,494	1,616,150	1,103,823	590,236	75,696	69,640	26,271
Other Income Or Grants
Cost Of Sales	1,016,892	1,749,983	1,935,155	1,710,795	1,719,456	1,070,265	762,698	524,752	271,945	34,970	31,983	12,445
Gross Profit	1,009,928	1,705,944	2,091,383	1,779,936	1,796,038	1,162,230	853,452	579,071	318,292	40,726	37,657	13,826
Admin Expenses	1,984,681	1,767,033	2,176,381	1,216,466	1,199,440	1,004,624	792,335	579,866	286,790	-10,550	26,785	4,610
Operating Profit	-974,753	-61,089	-84,998	563,470	596,598	157,606	61,117	-795	31,502	51,276	10,872	9,216
Interest Payable	9,550	19,424	15,466	7,595	345	382
Interest Receivable	18,339	32,147	7,594	747	234	1,013	509	249	417	191	56	22
Pre-Tax Profit	-965,963	-48,367	-92,869	556,622	596,486	158,237	61,626	-546	31,919	51,468	10,928	9,238
Tax				-105,758	-113,332	-30,065	-11,709		-6,384	-10,293	-2,295	-2,125
Profit After Tax	-965,963	-48,367	-92,869	450,864	483,154	128,172	49,917	-546	25,535	41,174	8,633	7,113
Dividends Paid
Retained Profit	-965,963	-48,367	-92,869	450,864	483,154	128,172	49,917	-546	25,535	41,174	8,633	7,113
Employee Costs	2,104,357	2,702,841	2,961,845	3,024,684	2,851,173	2,275,292	1,433,696	833,974	533,652	54,608	53,510	50,473
Number Of Employees	29	39	45	48	48	38	25	15	10	1	1	1
EBITDA*	-944,688	1	-11,549	589,570	684,628	190,919	72,073	3,679	32,221	52,233	11,547	10,115

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Mar 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Tangible Assets	50,922	57,150	74,390	82,735	53,637	54,105	21,329	13,424			2,023	2,698
Intangible Assets	11,051	13,762	46,292	78,822	86,813	57,267	15,382		2,156	2,873
Investments & Other	10,038	10,038	115,038	115,038	115,018	25,020	25,020
Debtors (Due After 1 year)
Total Fixed Assets	72,011	80,950	235,720	276,595	255,468	136,392	61,731	13,424	2,156	2,873	2,023	2,698
Stock & work in progress						23,188	16,280
Trade Debtors	74,142	373,850	485,267	283,774	310,796	116,292	53,466	62,790	4,155	11,222	11,710	3,498
Group Debtors	300,000
Misc Debtors	224,884	366,685	172,680	280,655	304,603	118,093	35,034	45,031	12,975
Cash	23,491	675,153	837,638	1,187,547	306,010	162,007	108,149	95,419	103,887	62,835	13,625	8,795
misc current assets
total current assets	622,517	1,415,688	1,495,585	1,751,976	921,409	419,580	212,929	203,240	121,017	74,057	25,335	12,293
total assets	694,528	1,496,638	1,731,305	2,028,571	1,176,877	555,972	274,660	216,664	123,173	76,930	27,358	14,991
Bank overdraft						11,327
Bank loan		45,273	45,273	37,727
Trade Creditors	23,134	5,545	31,380	105,346	22,748	23,348				20,008	11,610	7,876
Group/Directors Accounts	423,829					21,726	34,835	42,867	14,346
other short term finances
hp & lease commitments
other current liabilities	160,746	255,444	374,174	466,486	400,784	229,291	103,945	89,336	26,370
total current liabilities	607,709	306,262	450,827	609,559	423,532	285,692	138,780	132,203	40,716	20,008	11,610	7,876
loans		124,500	163,968	211,273
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions		13,094	15,361	13,721	10,191	10,280	4,052	2,550
total long term liabilities		137,594	179,329	224,994	10,191	10,280	4,052	2,550
total liabilities	607,709	443,856	630,156	834,553	433,723	295,972	142,832	134,753	40,716	20,008	11,610	7,876
net assets	86,819	1,052,782	1,101,149	1,194,018	743,154	260,000	131,828	81,911	82,457	56,922	15,748	7,115
total shareholders funds	86,819	1,052,782	1,101,149	1,194,018	743,154	260,000	131,828	81,911	82,457	56,922	15,748	7,115

	Apr 2024	Mar 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Operating Activities
Operating Profit	-974,753	-61,089	-84,998	563,470	596,598	157,606	61,117	-795	31,502	51,276	10,872	9,216
Depreciation	27,354	28,560	40,919	16,324	33,104	18,035	7,110	4,474			675	899
Amortisation	2,711	32,530	32,530	9,776	54,926	15,278	3,846		719	957
Tax				-105,758	-113,332	-30,065	-11,709		-6,384	-10,293	-2,295	-2,125
Stock					-23,188	6,908	16,280
Debtors	-141,509	82,588	93,518	-50,970	381,014	145,885	-19,321	90,691	5,908	-488	8,212	3,498
Creditors	17,589	-25,835	-73,966	82,598	-600	23,348			-20,008	8,398	3,734	7,876
Accruals and Deferred Income	-94,698	-118,730	-92,312	65,702	171,493	125,346	14,609	62,966	26,370
Deferred Taxes & Provisions	-13,094	-2,267	1,640	3,530	-89	6,228	1,502	2,550
Cash flow from operations	-893,382	-229,419	-269,705	686,612	384,274	162,983	79,516	-21,496	26,291	50,826	4,774	12,368
Investing Activities
capital expenditure	-21,126	-11,320	-32,574	-47,207	-117,108	-107,974	-34,243	-15,742	-2	-1,807		-3,597
Change in Investments		-105,000		20	89,998		25,020
cash flow from investments	-21,126	93,680	-32,574	-47,227	-207,106	-107,974	-59,263	-15,742	-2	-1,807		-3,597
Financing Activities
Bank loans	-45,273		7,546	37,727
Group/Directors Accounts	423,829				-21,726	-13,109	-8,032	28,521	14,346
Other Short Term Loans
Long term loans	-124,500	-39,468	-47,305	211,273
Hire Purchase and Lease Commitments
other long term liabilities
share issue												2
interest	8,789	12,723	-7,872	-6,848	-111	631	509	249	417	191	56	22
cash flow from financing	262,845	-26,745	-47,631	242,152	-21,837	-12,478	-7,523	28,770	14,763	191	56	24
cash and cash equivalents
cash	-651,662	-162,485	-349,909	881,537	144,003	53,858	12,730	-8,468	41,052	49,210	4,830	8,795
overdraft					-11,327	11,327
change in cash	-651,662	-162,485	-349,909	881,537	155,330	42,531	12,730	-8,468	41,052	49,210	4,830	8,795

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NETSELLS LIMITED group structure

Netsells Limited has no subsidiary companies.

Ultimate parent company

HEDGEHOG LAB HOLDINGS LIMITED

14630618

1 parent

NETSELLS LIMITED

08024129

NETSELLS LIMITED Shareholders

hedgehog lab holdings limited

100%

Netsells Limited currently has 2 directors. The longest serving directors include Mr Ryan Scaife (Jun 2022) and Mr Sarat Pediredla (Apr 2023).

officer	country	age	start	end	role
Mr Ryan Scaife	United Kingdom	41 years	Jun 2022	-	Director
Mr Sarat Pediredla		43 years	Apr 2023	-	Director

P&L

April 2024

turnover

-41%

operating profit

-974.8k

gross margin

49.9%

+0.94%

turnover

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

Balance Sheet

April 2024

net assets

86.8k

-0.92%

total assets

694.5k

-0.54%

cash

23.5k

-0.97%

net assets

Total assets minus all liabilities

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company number

08024129

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

April 2012

ultimate parent company

HEDGEHOG LAB HOLDINGS LIMITED

previous names

N/A

address

1 strawberry lane, one strawberry lane, newcastle upon tyne, NE1 4BX

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 netsells limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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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netsells limited Company Information

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netsells limited Estimated Valuation

netsells limited Estimated Valuation

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NETSELLS LIMITED financials

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netsells limited Ownership

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