devnett limited

devnett limited Company Information

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Company Number

09780092

Industry

Activities of head offices

 

Shareholders

james devereux

steven bennett

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Group Structure

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Contact

Registered Address

unit 10 stratfield park, elettra avenue, waterlooville, hampshire, PO7 7XN

devnett limited Estimated Valuation

£110.9k

Pomanda estimates the enterprise value of DEVNETT LIMITED at £110.9k based on a Turnover of £215.8k and 0.51x industry multiple (adjusted for size and gross margin).

devnett limited Estimated Valuation

£178.4k

Pomanda estimates the enterprise value of DEVNETT LIMITED at £178.4k based on an EBITDA of £45.9k and a 3.89x industry multiple (adjusted for size and gross margin).

devnett limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of DEVNETT LIMITED at £5.1m based on Net Assets of £2.6m and 1.99x industry multiple (adjusted for liquidity).

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Devnett Limited Overview

Devnett Limited is a live company located in waterlooville, PO7 7XN with a Companies House number of 09780092. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 2015, it's largest shareholder is james devereux with a 49.5% stake. Devnett Limited is a young, micro sized company, Pomanda has estimated its turnover at £215.8k with declining growth in recent years.

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Devnett Limited Health Check

Pomanda's financial health check has awarded Devnett Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £215.8k, make it smaller than the average company (£21.6m)

£215.8k - Devnett Limited

£21.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7%)

-13% - Devnett Limited

7% - Industry AVG

production

Production

with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)

33.4% - Devnett Limited

33.4% - Industry AVG

profitability

Profitability

an operating margin of 21.3% make it more profitable than the average company (5.7%)

21.3% - Devnett Limited

5.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (120)

2 - Devnett Limited

120 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)

£48.5k - Devnett Limited

£48.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £107.9k, this is less efficient (£200.4k)

£107.9k - Devnett Limited

£200.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 8 days, this is earlier than average (45 days)

8 days - Devnett Limited

45 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Devnett Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Devnett Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)

0 weeks - Devnett Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.1%, this is a lower level of debt than the average (55.8%)

29.1% - Devnett Limited

55.8% - Industry AVG

DEVNETT LIMITED financials

EXPORTms excel logo

Devnett Limited's latest turnover from December 2023 is estimated at £215.8 thousand and the company has net assets of £2.6 million. According to their latest financial statements, Devnett Limited has 2 employees and maintains cash reserves of £8.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jun 2017Sep 2016
Turnover215,832222,051186,894326,397340,038335,220050
Other Income Or Grants000000000
Cost Of Sales143,677148,250126,077221,234229,547227,743030
Gross Profit72,15673,80160,817105,164110,492107,478020
Admin Expenses26,234-276,88340,195-197,02251,06392,317-87,528-85,3631,092
Operating Profit45,922350,68420,622302,18659,42915,16187,52885,365-1,092
Interest Payable28,76126,72212,9907,5118,5638,8894,3584,2700
Interest Receivable6493391595951512617
Pre-Tax Profit17,811324,3017,648294,68450,9256,32383,22181,120-1,075
Tax-4,453-61,617-1,453-55,990-9,676-1,201-15,812-15,4130
Profit After Tax13,358262,6846,195238,69441,2495,12267,40965,707-1,075
Dividends Paid000000000
Retained Profit13,358262,6846,195238,69441,2495,12267,40965,707-1,075
Employee Costs96,90191,58985,17082,82982,66480,817037,7020
Number Of Employees222222010
EBITDA*45,922350,68420,622302,18659,42915,16187,52885,365-1,092

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jun 2017Sep 2016
Tangible Assets447,453447,453447,453167,453167,453167,453167,453167,453167,453
Intangible Assets000000000
Investments & Other1,950,0001,950,0001,950,0001,950,0001,950,0001,950,0001,950,0001,950,0001,950,000
Debtors (Due After 1 year)000000000
Total Fixed Assets2,397,4532,397,4532,397,4532,117,4532,117,4532,117,4532,117,4532,117,4532,117,453
Stock & work in progress000000000
Trade Debtors4,8009,6000000000
Group Debtors00000002500
Misc Debtors0000150,000150,000150,000250,000358,177
Cash8,69916,0413,3378,7908,5607,0396,6166,68213,845
misc current assets1,191,5891,191,589920,775920,775134,8810000
total current assets1,205,0881,217,230924,112929,565293,441157,039156,616256,932372,022
total assets3,602,5413,614,6833,321,5653,047,0182,410,8942,274,4922,274,0692,374,3852,489,475
Bank overdraft26,11925,14829,8134,6924,6924,6922,5495,0990
Bank loan000000000
Trade Creditors 002000010
Group/Directors Accounts747,077747,077747,077650,000150,000150,000150,000059,416
other short term finances000000000
hp & lease commitments000000000
other current liabilities59,24458,6243,0423,825103,7323,7753,630253,097261,134
total current liabilities832,440830,849779,934658,517258,424158,467156,179258,197320,550
loans216,475243,566264,047117,112119,765124,569131,556131,5560
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities00000000250,000
provisions000000000
total long term liabilities216,475243,566264,047117,112119,765124,569131,556131,556250,000
total liabilities1,048,9151,074,4151,043,981775,629378,189283,036287,735389,753570,550
net assets2,553,6262,540,2682,277,5842,271,3892,032,7051,991,4561,986,3341,984,6321,918,925
total shareholders funds2,553,6262,540,2682,277,5842,271,3892,032,7051,991,4561,986,3341,984,6321,918,925
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jun 2017Sep 2016
Operating Activities
Operating Profit45,922350,68420,622302,18659,42915,16187,52885,365-1,092
Depreciation000000000
Amortisation000000000
Tax-4,453-61,617-1,453-55,990-9,676-1,201-15,812-15,4130
Stock000000000
Debtors-4,8009,6000-150,00000-208,177-107,927358,177
Creditors0-22000010
Accruals and Deferred Income62055,582-783-99,90799,957145-257,504-8,037261,134
Deferred Taxes & Provisions000000000
Cash flow from operations46,889335,04718,388296,289149,71014,10522,389169,843-98,135
Investing Activities
capital expenditure00-280,00000000-167,453
Change in Investments000000001,950,000
cash flow from investments00-280,00000000-2,117,453
Financing Activities
Bank loans000000000
Group/Directors Accounts0097,077500,0000090,584-59,41659,416
Other Short Term Loans 000000000
Long term loans-27,091-20,481146,935-2,653-4,804-6,987131,556131,5560
Hire Purchase and Lease Commitments000000000
other long term liabilities000000-250,000-250,000250,000
share issue000-1000001,920,000
interest-28,112-26,383-12,975-7,502-8,504-8,838-4,307-4,24417
cash flow from financing-55,203-46,864231,037489,835-13,308-15,825-32,167-182,1042,229,433
cash and cash equivalents
cash-7,34212,704-5,4532301,521423-7,229-7,16313,845
overdraft971-4,66525,121002,1432,5495,0990
change in cash-8,31317,369-30,5742301,521-1,720-9,778-12,26213,845

devnett 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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Devnett Limited Competitor Analysis

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Perform a competitor analysis for devnett limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in PO7 area or any other competitors across 12 key performance metrics.

devnett limited Ownership

DEVNETT LIMITED group structure

Devnett Limited has 1 subsidiary company.

Ultimate parent company

DEVNETT LIMITED

09780092

1 subsidiary

DEVNETT LIMITED Shareholders

james devereux 49.48%
steven bennett 28.87%
roznat investments limited 21.65%

devnett limited directors

Devnett Limited currently has 2 directors. The longest serving directors include Mr James Devereux (Sep 2015) and Mr Steven Bennett (Sep 2015).

officercountryagestartendrole
Mr James Devereux54 years Sep 2015- Director
Mr Steven BennettUnited Kingdom63 years Sep 2015- Director

P&L

December 2023

turnover

215.8k

-3%

operating profit

45.9k

0%

gross margin

33.5%

+0.59%

turnover

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

Balance Sheet

December 2023

net assets

2.6m

+0.01%

total assets

3.6m

0%

cash

8.7k

-0.46%

net assets

Total assets minus all liabilities

devnett limited company details

company number

09780092

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

September 2015

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

HUNTER SIMMONS LTD

auditor

-

address

unit 10 stratfield park, elettra avenue, waterlooville, hampshire, PO7 7XN

Bank

-

Legal Advisor

-

devnett 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 2 charges/mortgages relating to devnett limited. Currently there are 2 open charges and 0 have been satisfied in the past.

devnett 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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devnett limited Companies House Filings - See Documents

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