ascensos limited
ascensos limited Company Information
Company Number
08409950
Next Accounts
Sep 2025
Shareholders
dermot jenkinson
eijk de mol van otterloo revocable trust
View AllGroup Structure
View All
Industry
Other telecommunications activities
Registered Address
c/o first source solutions uk lt, lynton house, london, WC1H 9LT
Website
www.ascensos.comascensos limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENSOS LIMITED at £95.1m based on a Turnover of £64.1m and 1.48x industry multiple (adjusted for size and gross margin).
ascensos limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENSOS LIMITED at £19m based on an EBITDA of £3m and a 6.26x industry multiple (adjusted for size and gross margin).
ascensos limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENSOS LIMITED at £9.7m based on Net Assets of £4m and 2.41x industry multiple (adjusted for liquidity).
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Ascensos Limited Overview
Ascensos Limited is a live company located in london, WC1H 9LT with a Companies House number of 08409950. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in February 2013, it's largest shareholder is dermot jenkinson with a 27.7% stake. Ascensos Limited is a established, large sized company, Pomanda has estimated its turnover at £64.1m with high growth in recent years.
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Ascensos Limited Health Check
Pomanda's financial health check has awarded Ascensos Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £64.1m, make it larger than the average company (£14.1m)
£64.1m - Ascensos Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4.5%)
17% - Ascensos Limited
4.5% - Industry AVG
Production
with a gross margin of 26%, this company has a higher cost of product (39%)
26% - Ascensos Limited
39% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (4.2%)
1.1% - Ascensos Limited
4.2% - Industry AVG
Employees
with 2502 employees, this is above the industry average (54)
2502 - Ascensos Limited
54 - Industry AVG
Pay Structure
on an average salary of £18k, the company has a lower pay structure (£66.3k)
£18k - Ascensos Limited
£66.3k - Industry AVG
Efficiency
resulting in sales per employee of £25.6k, this is less efficient (£239.5k)
£25.6k - Ascensos Limited
£239.5k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (40 days)
66 days - Ascensos Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (43 days)
11 days - Ascensos Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ascensos Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (8 weeks)
2 weeks - Ascensos Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.9%, this is a higher level of debt than the average (65.7%)
79.9% - Ascensos Limited
65.7% - Industry AVG
ASCENSOS LIMITED financials
Ascensos Limited's latest turnover from December 2023 is £64.1 million and the company has net assets of £4 million. According to their latest financial statements, Ascensos Limited has 2,502 employees and maintains cash reserves of £745 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 64,085,000 | 63,001,000 | 64,881,000 | 39,871,000 | 28,638,000 | 27,306,000 | 27,272,000 | 10,077,471 | 3,293,359 | ||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 47,409,000 | 49,891,000 | 49,008,000 | 30,367,000 | 21,619,000 | 20,817,000 | 21,257,000 | 7,422,605 | 2,429,646 | ||
| Gross Profit | 16,676,000 | 13,110,000 | 15,873,000 | 9,504,000 | 7,019,000 | 6,489,000 | 6,015,000 | 2,654,866 | 863,713 | ||
| Admin Expenses | 15,959,000 | 13,335,000 | 11,315,000 | 7,951,000 | 6,694,000 | 6,978,000 | 5,206,000 | 3,650,951 | 1,623,555 | ||
| Operating Profit | 717,000 | -225,000 | 4,558,000 | 1,553,000 | 325,000 | -489,000 | 809,000 | -996,085 | -759,842 | ||
| Interest Payable | 766,000 | 488,000 | 523,000 | 434,000 | 578,000 | 552,000 | 541,000 | 229,975 | 135,725 | ||
| Interest Receivable | 41,000 | 2 | 10 | ||||||||
| Pre-Tax Profit | -8,000 | -713,000 | 3,959,000 | 602,000 | -389,000 | -1,041,000 | -1,350,000 | -1,226,058 | -895,557 | ||
| Tax | -276,000 | -441,000 | -663,000 | -99,000 | -7,000 | 22,000 | 96,000 | 227,280 | 504,091 | ||
| Profit After Tax | -284,000 | -1,154,000 | 3,296,000 | 503,000 | -396,000 | -1,019,000 | -1,254,000 | -998,778 | -391,466 | ||
| Dividends Paid | |||||||||||
| Retained Profit | -413,000 | -1,224,000 | 3,296,000 | 503,000 | -396,000 | -1,019,000 | -1,254,000 | -998,778 | -391,466 | ||
| Employee Costs | 44,999,000 | 47,723,000 | 48,674,000 | 33,403,000 | 26,631,000 | 24,726,000 | 24,013,000 | 8,264,283 | 3,460,903 | ||
| Number Of Employees | 2,502 | 2,526 | 2,587 | 1,777 | 1,450 | 1,415 | 1,515 | 591 | 181 | ||
| EBITDA* | 3,041,000 | 1,922,000 | 6,329,000 | 3,098,000 | 1,756,000 | 903,000 | 1,812,000 | -584,016 | -426,738 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,579,000 | 4,994,000 | 4,715,000 | 3,927,000 | 4,412,000 | 5,130,000 | 6,079,000 | 915,580 | 1,437,823 | 1,754,842 | 808,354 |
| Intangible Assets | 2,217,000 | 2,254,000 | 1,532,000 | 1,394,000 | 1,395,000 | 1,343,000 | 1,220,000 | 2,910,149 | 171,234 | ||
| Investments & Other | 2,582,000 | ||||||||||
| Debtors (Due After 1 year) | 37,000 | 362,000 | 794,000 | 851,000 | 858,000 | 828,000 | 731,371 | 504,091 | |||
| Total Fixed Assets | 6,833,000 | 7,248,000 | 6,609,000 | 8,697,000 | 6,658,000 | 7,331,000 | 8,127,000 | 4,557,100 | 2,113,148 | 1,754,842 | 808,354 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 11,687,000 | 9,471,000 | 11,053,000 | 8,690,000 | 6,975,000 | 4,820,000 | 7,121,000 | 3,245,872 | 1,554,870 | 420,013 | 34,701 |
| Group Debtors | 15,000 | ||||||||||
| Misc Debtors | 2,375,000 | 1,963,000 | 2,976,000 | 1,205,000 | 774,000 | 1,212,000 | 1,031,000 | 997,131 | 615,843 | ||
| Cash | 745,000 | 582,000 | 953,000 | 501,000 | 558,000 | 598,000 | 1,402,000 | 483,513 | 343,901 | 558,319 | 1,262,825 |
| misc current assets | |||||||||||
| total current assets | 14,807,000 | 12,016,000 | 14,997,000 | 10,396,000 | 8,307,000 | 6,630,000 | 9,554,000 | 4,726,516 | 2,514,614 | 978,332 | 1,297,526 |
| total assets | 21,640,000 | 19,264,000 | 21,606,000 | 19,093,000 | 14,965,000 | 13,961,000 | 17,681,000 | 9,283,616 | 4,627,762 | 2,733,174 | 2,105,880 |
| Bank overdraft | 5,215,000 | 2,553,099 | 1,410,526 | ||||||||
| Bank loan | 442,000 | 205,000 | 456,000 | 513,000 | 202,434 | ||||||
| Trade Creditors | 1,490,000 | 1,796,000 | 1,146,000 | 1,057,000 | 751,000 | 658,000 | 838,000 | 410,955 | 255,010 | 652,034 | 176,219 |
| Group/Directors Accounts | |||||||||||
| other short term finances | 6,512,000 | 6,410,000 | 5,387,000 | 4,749,000 | 5,980,000 | 4,180,000 | 422,000 | 1,224,796 | |||
| hp & lease commitments | 112,000 | 270,000 | 256,000 | 237,000 | 561,000 | 462,000 | 804,000 | 511,621 | 114,254 | ||
| other current liabilities | 6,000,000 | 4,923,000 | 7,458,000 | 5,552,000 | 2,353,000 | 1,812,000 | 2,889,000 | 1,459,387 | 494,035 | ||
| total current liabilities | 14,556,000 | 13,399,000 | 14,247,000 | 11,595,000 | 9,850,000 | 7,568,000 | 10,681,000 | 6,362,292 | 2,273,825 | 652,034 | 176,219 |
| loans | 1,189,000 | 940,000 | 1,386,000 | 2,521,000 | 2,555,000 | 2,633,000 | 989,441 | 691,875 | |||
| hp & lease commitments | 140,000 | 407,000 | 57,000 | 294,000 | 731,000 | 789,000 | 589,874 | 143,303 | |||
| Accruals and Deferred Income | 67,000 | 176,000 | 754,000 | 289,000 | 673,000 | 1,488,000 | |||||
| other liabilities | 2,424,000 | 44,000 | 137,000 | 1,656,843 | 449,729 | ||||||
| provisions | 307,000 | ||||||||||
| total long term liabilities | 2,731,000 | 1,440,000 | 1,523,000 | 2,334,000 | 3,104,000 | 3,959,000 | 4,910,000 | 1,579,315 | 835,178 | 1,656,843 | 449,729 |
| total liabilities | 17,287,000 | 14,839,000 | 15,770,000 | 13,929,000 | 12,954,000 | 11,527,000 | 15,591,000 | 7,941,607 | 3,109,003 | 2,308,877 | 625,948 |
| net assets | 4,034,000 | 4,235,000 | 5,836,000 | 2,582,000 | 2,011,000 | 2,434,000 | 2,090,000 | 1,342,009 | 1,518,759 | 424,297 | 1,479,932 |
| total shareholders funds | 4,034,000 | 4,235,000 | 5,836,000 | 2,582,000 | 2,011,000 | 2,434,000 | 2,090,000 | 1,342,009 | 1,518,759 | 424,297 | 1,479,932 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 717,000 | -225,000 | 4,558,000 | 1,553,000 | 325,000 | -489,000 | 809,000 | -996,085 | -759,842 | ||
| Depreciation | 1,647,000 | 1,527,000 | 1,250,000 | 1,053,000 | 1,053,000 | 1,106,000 | 803,000 | 325,019 | 267,509 | 139,731 | 8,573 |
| Amortisation | 677,000 | 620,000 | 521,000 | 492,000 | 378,000 | 286,000 | 200,000 | 87,050 | 65,595 | ||
| Tax | -276,000 | -441,000 | -663,000 | -99,000 | -7,000 | 22,000 | 96,000 | 227,280 | 504,091 | ||
| Stock | |||||||||||
| Debtors | 2,665,000 | -2,972,000 | 3,717,000 | 2,089,000 | 1,710,000 | -2,090,000 | 4,005,626 | 2,299,570 | 2,254,791 | 385,312 | 34,701 |
| Creditors | -306,000 | 650,000 | 89,000 | 306,000 | 93,000 | -180,000 | 427,045 | 155,945 | -397,024 | 475,815 | 176,219 |
| Accruals and Deferred Income | 1,010,000 | -2,644,000 | 1,328,000 | 3,664,000 | 157,000 | -1,892,000 | 2,917,613 | 965,352 | 494,035 | ||
| Deferred Taxes & Provisions | 307,000 | ||||||||||
| Cash flow from operations | 1,111,000 | 2,459,000 | 3,366,000 | 4,880,000 | 289,000 | 943,000 | 1,247,032 | -1,535,009 | -2,080,427 | ||
| Investing Activities | |||||||||||
| capital expenditure | -563,000 | -3,776,000 | -2,529,256 | ||||||||
| Change in Investments | -2,582,000 | 2,582,000 | |||||||||
| cash flow from investments | 2,582,000 | -2,582,000 | -563,000 | -3,776,000 | -2,529,256 | ||||||
| Financing Activities | |||||||||||
| Bank loans | 442,000 | -205,000 | -251,000 | -57,000 | 310,566 | 202,434 | |||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | 102,000 | 1,023,000 | 638,000 | -1,231,000 | 1,800,000 | 3,758,000 | -802,796 | 1,224,796 | |||
| Long term loans | -1,189,000 | 249,000 | -446,000 | -1,135,000 | -34,000 | -78,000 | 1,643,559 | 297,566 | 691,875 | ||
| Hire Purchase and Lease Commitments | -298,000 | -253,000 | 369,000 | -561,000 | -338,000 | -400,000 | 491,505 | 843,938 | 257,557 | ||
| other long term liabilities | 2,380,000 | 44,000 | -137,000 | 137,000 | -1,656,843 | 1,207,114 | 449,729 | ||||
| share issue | |||||||||||
| interest | -725,000 | -488,000 | -523,000 | -434,000 | -578,000 | -552,000 | -541,000 | -229,973 | -135,715 | ||
| cash flow from financing | 924,000 | 198,000 | -141,000 | -3,361,000 | 572,000 | 4,034,000 | 3,103,825 | 3,160,789 | 642,802 | ||
| cash and cash equivalents | |||||||||||
| cash | 163,000 | -371,000 | 452,000 | -57,000 | -40,000 | -804,000 | 918,487 | 139,612 | -214,418 | -704,506 | 1,262,825 |
| overdraft | -5,215,000 | 2,661,901 | 1,142,573 | 1,410,526 | |||||||
| change in cash | 163,000 | -371,000 | 452,000 | -57,000 | -40,000 | 4,411,000 | -1,743,414 | -1,002,961 | -1,624,944 | -704,506 | 1,262,825 |
ascensos limited Credit Report and Business Information
Ascensos Limited Competitor Analysis
Perform a competitor analysis for ascensos limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in WC1H area or any other competitors across 12 key performance metrics.
ascensos limited Ownership
ASCENSOS LIMITED group structure
Ascensos Limited has no subsidiary companies.
Ultimate parent company
ASCENSOS LIMITED
08409950
ascensos limited directors
Ascensos Limited currently has 3 directors. The longest serving directors include Mr John Devlin (May 2013) and Mr Ritesh Idnani (Sep 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Devlin | 57 years | May 2013 | - | Director | |
| Mr Ritesh Idnani | United Kingdom | 52 years | Sep 2024 | - | Director |
| Mr Rajiv Malhotra | United Kingdom | 43 years | Sep 2024 | - | Director |
P&L
December 2023turnover
64.1m
+2%
operating profit
717k
-419%
gross margin
26.1%
+25.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4m
-0.05%
total assets
21.6m
+0.12%
cash
745k
+0.28%
net assets
Total assets minus all liabilities
Similar Companies
ascensos limited company details
company number
08409950
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
February 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
c/o first source solutions uk lt, lynton house, london, WC1H 9LT
Bank
HSBC BANK PLC
Legal Advisor
DENTONS UK AND MIDDLE EAST LLP
ascensos limited 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 9 charges/mortgages relating to ascensos limited. Currently there are 0 open charges and 9 have been satisfied in the past.
ascensos 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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ascensos limited Companies House Filings - See Documents
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