europe network limited

Live (In Liquidation)EstablishedMidLow

europe network limited Company Information

Share EUROPE NETWORK LIMITED

Company Number

09172026

Directors

Adrian Ianc

Shareholders

adrian ianc

carlos kan dola

Group Structure

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Industry

Licensed Carriers

 

Registered Address

38 de montfort street, leicester, LE1 7GS

europe network limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of EUROPE NETWORK LIMITED at £5.9m based on a Turnover of £11.9m and 0.5x industry multiple (adjusted for size and gross margin).

europe network limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of EUROPE NETWORK LIMITED at £3.2m based on an EBITDA of £814.6k and a 3.92x industry multiple (adjusted for size and gross margin).

europe network limited Estimated Valuation

£0

Pomanda estimates the enterprise value of EUROPE NETWORK LIMITED at £0 based on Net Assets of £-185.8k and 2.54x industry multiple (adjusted for liquidity).

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Europe Network Limited Overview

Europe Network Limited is a live company located in leicester, LE1 7GS with a Companies House number of 09172026. It operates in the other postal and courier activities sector, SIC Code 53201. Founded in August 2014, it's largest shareholder is adrian ianc with a 50% stake. Europe Network Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.9m with low growth in recent years.

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Europe Network Limited Health Check

Pomanda's financial health check has awarded Europe Network Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £11.9m, make it larger than the average company (£2m)

£11.9m - Europe Network Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.1%)

3% - Europe Network Limited

9.1% - Industry AVG

production

Production

with a gross margin of 17.9%, this company has a comparable cost of product (17.9%)

17.9% - Europe Network Limited

17.9% - Industry AVG

profitability

Profitability

an operating margin of 3.6% make it more profitable than the average company (2.2%)

3.6% - Europe Network Limited

2.2% - Industry AVG

employees

Employees

with 24 employees, this is above the industry average (16)

24 - Europe Network Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.3k, the company has an equivalent pay structure (£34.3k)

£34.3k - Europe Network Limited

£34.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £496.2k, this is more efficient (£157k)

£496.2k - Europe Network Limited

£157k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Europe Network Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 6 days, this is quicker than average (40 days)

6 days - Europe Network Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is more than average (0 days)

9 days - Europe Network Limited

0 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (11 weeks)

11 weeks - Europe Network Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 109.4%, this is a higher level of debt than the average (77.5%)

109.4% - Europe Network Limited

77.5% - Industry AVG

EUROPE NETWORK LIMITED financials

EXPORTms excel logo

Europe Network Limited's latest turnover from August 2023 is estimated at £11.9 million and the company has net assets of -£185.8 thousand. According to their latest financial statements, Europe Network Limited has 24 employees and maintains cash reserves of £240 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015
Turnover11,909,52243,487,5897,812,28810,755,9001,515,5922,235,141402,017199,5989
Other Income Or Grants
Cost Of Sales9,779,71136,666,5216,387,2708,860,9011,223,0051,770,059308,902157,5097
Gross Profit2,129,8116,821,0681,425,0181,894,999292,586465,08293,11542,0892
Admin Expenses1,705,3277,392,6651,270,6181,994,397266,841440,44162,36944,3122
Operating Profit424,484-571,597154,400-99,39825,74524,64130,746-2,223
Interest Payable29,2763,5833,0503,6772,381
Interest Receivable9,0194,5802433796245667
Pre-Tax Profit404,227-570,600151,593-103,03823,45924,88530,812-2,216
Tax-101,057-28,803-4,457-4,728-5,854
Profit After Tax303,170-570,600122,790-103,03819,00220,15724,958-2,216
Dividends Paid
Retained Profit303,170-570,600122,790-103,03819,00220,15724,958-2,216
Employee Costs822,150767,1481,385,966863,904766,824313,966143,78452,26324,178
Number Of Employees242444302812521
EBITDA*814,613-198,403458,16342,85489,66153,12139,9163,703

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015
Tangible Assets1,170,388930,517989,678452,755338,663179,58083,24817,777
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,170,388930,517989,678452,755338,663179,58083,24817,777
Stock & work in progress265,788742,941137,948115,7809,89064,2318,817
Trade Debtors294,351114,45491,88037,67425,1181
Group Debtors
Misc Debtors304,423331,07012,74670022,421
Cash240,000103,577419,84765,8017,51217,98847,2595,539
misc current assets
total current assets810,2111,177,588864,892182,281154,277174,09993,75030,6571
total assets1,980,5992,108,1051,854,570635,036492,940353,679176,99848,4341
Bank overdraft25,00042,47050,00050,00070,560
Bank loan
Trade Creditors 173,401192,668230,508172,04511,05342,8806,8571,000
Group/Directors Accounts
other short term finances
hp & lease commitments323,02666,61566,18321,9597,68111,702
other current liabilities846,5661,734,341805,989333,424151,380214,306122,84337,947
total current liabilities1,044,9671,969,4791,409,523622,084299,176279,145137,38150,649
loans453,000
hp & lease commitments363,39254,088131,86231,63416,874
Accruals and Deferred Income
other liabilities668,407627,571
provisions
total long term liabilities1,121,407627,571363,39254,088131,86231,63416,874
total liabilities2,166,3742,597,0501,772,915676,172431,038310,779154,25550,649
net assets-185,775-488,94581,655-41,13661,90242,90022,743-2,2151
total shareholders funds-185,775-488,94581,655-41,13661,90242,90022,743-2,2151
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015
Operating Activities
Operating Profit424,484-571,597154,400-99,39825,74524,64130,746-2,223
Depreciation390,129373,194303,763142,25263,91628,4809,1705,926
Amortisation
Tax-101,057-28,803-4,457-4,728-5,854
Stock-477,153604,99322,168105,890-54,34155,4148,817
Debtors-26,64723,973306,397-136,17544,99554,20612,55625,1171
Creditors-19,267-37,84058,463160,992-31,82736,0235,8571,000
Accruals and Deferred Income-887,775928,352472,565182,044-62,92691,46384,89637,947
Deferred Taxes & Provisions
Cash flow from operations310,31463,143631,823416,175-20366,259103,44217,533-1
Investing Activities
capital expenditure-630,000-314,033-840,686-256,344-222,999-124,812-74,641-23,703
Change in Investments
cash flow from investments-630,000-314,033-840,686-256,344-222,999-124,812-74,641-23,703
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans453,000
Hire Purchase and Lease Commitments-686,418565,715-77,342144,45229,03812,85311,702
other long term liabilities40,836627,571
share issue11
interest-20,257997-2,807-3,640-2,285245667
cash flow from financing473,579-57,850562,909-80,982142,16729,28312,91911,7091
cash and cash equivalents
cash136,423-316,270354,04658,289-10,476-29,27141,7205,539
overdraft-17,470-7,530-20,56070,560
change in cash153,893-308,740354,04678,849-81,036-29,27141,7205,539

europe network limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Europe Network Limited Competitor Analysis

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Perform a competitor analysis for europe network limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in LE1 area or any other competitors across 12 key performance metrics.

europe network limited Ownership

EUROPE NETWORK LIMITED group structure

Europe Network Limited has no subsidiary companies.

Ultimate parent company

EUROPE NETWORK LIMITED

09172026

EUROPE NETWORK LIMITED Shareholders

adrian ianc 50%
carlos kan dola 50%

europe network limited directors

Europe Network Limited currently has 1 director, Mr Adrian Ianc serving since Aug 2014.

officercountryagestartendrole
Mr Adrian IancEngland51 years Aug 2014- Director

P&L

August 2023

turnover

11.9m

-73%

operating profit

424.5k

0%

gross margin

17.9%

+14.01%

turnover

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

Balance Sheet

August 2023

net assets

-185.8k

-0.62%

total assets

2m

-0.06%

cash

240k

+1.32%

net assets

Total assets minus all liabilities

europe network limited company details

company number

09172026

Type

Private limited with Share Capital

industry

53201 - Licensed Carriers

incorporation date

August 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

August 2023

previous names

N/A

accountant

VG & CO

auditor

-

address

38 de montfort street, leicester, LE1 7GS

Bank

-

Legal Advisor

-

europe network 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 3 charges/mortgages relating to europe network limited. Currently there are 1 open charges and 2 have been satisfied in the past.

europe network 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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europe network limited Companies House Filings - See Documents

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