simnet solutions limited
simnet solutions limited Company Information
Company Number
08963375
Next Accounts
Mar 2025
Directors
Shareholders
ravi gobind purswani
dimpi prakash punjabi
Group Structure
View All
Industry
Wired telecommunications activities
Registered Address
39 mill way, mill end, rickmansworth, WD3 8QR
Website
-simnet solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SIMNET SOLUTIONS LIMITED at £47.8k based on a Turnover of £74.5k and 0.64x industry multiple (adjusted for size and gross margin).
simnet solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SIMNET SOLUTIONS LIMITED at £0 based on an EBITDA of £-10.3k and a 2.29x industry multiple (adjusted for size and gross margin).
simnet solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SIMNET SOLUTIONS LIMITED at £21k based on Net Assets of £7.6k and 2.75x industry multiple (adjusted for liquidity).
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Simnet Solutions Limited Overview
Simnet Solutions Limited is a dissolved company that was located in rickmansworth, WD3 8QR with a Companies House number of 08963375. It operated in the wired telecommunications activities sector, SIC Code 61100. Founded in March 2014, it's largest shareholder was ravi gobind purswani with a 50% stake. The last turnover for Simnet Solutions Limited was estimated at £74.5k.
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Simnet Solutions Limited Health Check
Pomanda's financial health check has awarded Simnet Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £74.5k, make it smaller than the average company (£4.1m)
- Simnet Solutions Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.4%)
- Simnet Solutions Limited
4.4% - Industry AVG
Production
with a gross margin of 20.3%, this company has a higher cost of product (35.2%)
- Simnet Solutions Limited
35.2% - Industry AVG
Profitability
an operating margin of -13.8% make it less profitable than the average company (4.5%)
- Simnet Solutions Limited
4.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (41)
2 - Simnet Solutions Limited
41 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Simnet Solutions Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £37.3k, this is less efficient (£158.5k)
- Simnet Solutions Limited
£158.5k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (42 days)
- Simnet Solutions Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (43 days)
- Simnet Solutions Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Simnet Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (14 weeks)
46 weeks - Simnet Solutions Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.6%, this is a similar level of debt than the average (65.4%)
64.6% - Simnet Solutions Limited
65.4% - Industry AVG
SIMNET SOLUTIONS LIMITED financials
Simnet Solutions Limited's latest turnover from March 2022 is estimated at £74.5 thousand and the company has net assets of £7.6 thousand. According to their latest financial statements, Simnet Solutions Limited has 2 employees and maintains cash reserves of £12.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,024 | 3,024 | 3,780 | 5,937 | 5,937 | 2,565 | 3,421 | 4,561 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 3,024 | 3,024 | 3,780 | 5,937 | 5,937 | 2,565 | 3,421 | 4,561 |
| Stock & work in progress | ||||||||
| Trade Debtors | 6,035 | 5,881 | 5,808 | 20,784 | ||||
| Group Debtors | ||||||||
| Misc Debtors | ||||||||
| Cash | 12,493 | 41,734 | 40,357 | 22,280 | 26,431 | 62,048 | 30,747 | 27,483 |
| misc current assets | ||||||||
| total current assets | 18,528 | 47,615 | 46,165 | 22,280 | 26,431 | 62,048 | 30,747 | 48,267 |
| total assets | 21,552 | 50,639 | 49,945 | 28,217 | 32,368 | 64,613 | 34,168 | 52,828 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 13,928 | 32,912 | 45,998 | 21,778 | 25,814 | 52,984 | 33,292 | 48,508 |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | ||||||||
| total current liabilities | 13,928 | 32,912 | 45,998 | 21,778 | 25,814 | 52,984 | 33,292 | 48,508 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | ||||||||
| total long term liabilities | ||||||||
| total liabilities | 13,928 | 32,912 | 45,998 | 21,778 | 25,814 | 52,984 | 33,292 | 48,508 |
| net assets | 7,624 | 17,727 | 3,947 | 6,439 | 6,554 | 11,629 | 876 | 4,320 |
| total shareholders funds | 7,624 | 17,727 | 3,947 | 6,439 | 6,554 | 11,629 | 876 | 4,320 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 756 | 953 | 797 | 856 | 1,140 | 252 | ||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 154 | 73 | 5,808 | -20,784 | 20,784 | |||
| Creditors | -18,984 | -13,086 | 24,220 | -4,036 | -27,170 | 19,692 | -15,216 | 48,508 |
| Accruals and Deferred Income | ||||||||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| 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 | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -29,241 | 1,377 | 18,077 | -4,151 | -35,617 | 31,301 | 3,264 | 27,483 |
| overdraft | ||||||||
| change in cash | -29,241 | 1,377 | 18,077 | -4,151 | -35,617 | 31,301 | 3,264 | 27,483 |
simnet solutions limited Credit Report and Business Information
Simnet Solutions Limited Competitor Analysis
Perform a competitor analysis for simnet solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in WD3 area or any other competitors across 12 key performance metrics.
simnet solutions limited Ownership
SIMNET SOLUTIONS LIMITED group structure
Simnet Solutions Limited has no subsidiary companies.
Ultimate parent company
SIMNET SOLUTIONS LIMITED
08963375
simnet solutions limited directors
Simnet Solutions Limited currently has 1 director, Mr Ravi Purswani serving since Mar 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ravi Purswani | England | 47 years | Mar 2014 | - | Director |
P&L
March 2022turnover
74.5k
-16%
operating profit
-10.3k
0%
gross margin
20.4%
-13.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
7.6k
-0.57%
total assets
21.6k
-0.57%
cash
12.5k
-0.7%
net assets
Total assets minus all liabilities
simnet solutions limited company details
company number
08963375
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2022
previous names
N/A
accountant
-
auditor
-
address
39 mill way, mill end, rickmansworth, WD3 8QR
Bank
-
Legal Advisor
-
simnet solutions 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 did not find charges/mortgages relating to simnet solutions limited.
simnet solutions 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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simnet solutions limited Companies House Filings - See Documents
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