devnett limited Company Information
Company Number
09780092
Next Accounts
Sep 2025
Industry
Activities of head offices
Shareholders
james devereux
steven bennett
View AllGroup Structure
View All
Contact
Registered Address
unit 10 stratfield park, elettra avenue, waterlooville, hampshire, PO7 7XN
Website
devnetlimited.comdevnett limited Estimated Valuation
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
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
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
3 Strong
2 Regular
5 Weak
Size
annual sales of £215.8k, make it smaller than the average company (£21.6m)
- Devnett Limited
£21.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7%)
- Devnett Limited
7% - Industry AVG
Production
with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)
- Devnett Limited
33.4% - Industry AVG
Profitability
an operating margin of 21.3% make it more profitable than the average company (5.7%)
- Devnett Limited
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (120)
2 - Devnett Limited
120 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Devnett Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £107.9k, this is less efficient (£200.4k)
- Devnett Limited
£200.4k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (45 days)
- Devnett Limited
45 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Devnett Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Devnett Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2017 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|---|
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 | 2 | 2 | |||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2017 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 447,453 | 447,453 | 447,453 | 167,453 | 167,453 | 167,453 | 167,453 | 167,453 | 167,453 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 1,950,000 | 1,950,000 | 1,950,000 | 1,950,000 | 1,950,000 | 1,950,000 | 1,950,000 | 1,950,000 | 1,950,000 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,397,453 | 2,397,453 | 2,397,453 | 2,117,453 | 2,117,453 | 2,117,453 | 2,117,453 | 2,117,453 | 2,117,453 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 4,800 | 9,600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 150,000 | 150,000 | 150,000 | 250,000 | 358,177 |
Cash | 8,699 | 16,041 | 3,337 | 8,790 | 8,560 | 7,039 | 6,616 | 6,682 | 13,845 |
misc current assets | 1,191,589 | 1,191,589 | 920,775 | 920,775 | 134,881 | 0 | 0 | 0 | 0 |
total current assets | 1,205,088 | 1,217,230 | 924,112 | 929,565 | 293,441 | 157,039 | 156,616 | 256,932 | 372,022 |
total assets | 3,602,541 | 3,614,683 | 3,321,565 | 3,047,018 | 2,410,894 | 2,274,492 | 2,274,069 | 2,374,385 | 2,489,475 |
Bank overdraft | 26,119 | 25,148 | 29,813 | 4,692 | 4,692 | 4,692 | 2,549 | 5,099 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 1 | 0 |
Group/Directors Accounts | 747,077 | 747,077 | 747,077 | 650,000 | 150,000 | 150,000 | 150,000 | 0 | 59,416 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 59,244 | 58,624 | 3,042 | 3,825 | 103,732 | 3,775 | 3,630 | 253,097 | 261,134 |
total current liabilities | 832,440 | 830,849 | 779,934 | 658,517 | 258,424 | 158,467 | 156,179 | 258,197 | 320,550 |
loans | 216,475 | 243,566 | 264,047 | 117,112 | 119,765 | 124,569 | 131,556 | 131,556 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 216,475 | 243,566 | 264,047 | 117,112 | 119,765 | 124,569 | 131,556 | 131,556 | 250,000 |
total liabilities | 1,048,915 | 1,074,415 | 1,043,981 | 775,629 | 378,189 | 283,036 | 287,735 | 389,753 | 570,550 |
net assets | 2,553,626 | 2,540,268 | 2,277,584 | 2,271,389 | 2,032,705 | 1,991,456 | 1,986,334 | 1,984,632 | 1,918,925 |
total shareholders funds | 2,553,626 | 2,540,268 | 2,277,584 | 2,271,389 | 2,032,705 | 1,991,456 | 1,986,334 | 1,984,632 | 1,918,925 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2017 | Sep 2016 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | |||||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -4,800 | 9,600 | 0 | -150,000 | 0 | 0 | -208,177 | -107,927 | 358,177 |
Creditors | 0 | -2 | 2 | 0 | 0 | 0 | 0 | 1 | 0 |
Accruals and Deferred Income | 620 | 55,582 | -783 | -99,907 | 99,957 | 145 | -257,504 | -8,037 | 261,134 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||
Investing Activities | |||||||||
capital expenditure | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,950,000 |
cash flow from investments | |||||||||
Financing Activities | |||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 97,077 | 500,000 | 0 | 0 | 90,584 | -59,416 | 59,416 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -27,091 | -20,481 | 146,935 | -2,653 | -4,804 | -6,987 | 131,556 | 131,556 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -250,000 | -250,000 | 250,000 |
share issue | |||||||||
interest | |||||||||
cash flow from financing | |||||||||
cash and cash equivalents | |||||||||
cash | -7,342 | 12,704 | -5,453 | 230 | 1,521 | 423 | -7,229 | -7,163 | 13,845 |
overdraft | 971 | -4,665 | 25,121 | 0 | 0 | 2,143 | 2,549 | 5,099 | 0 |
change in cash | -8,313 | 17,369 | -30,574 | 230 | 1,521 | -1,720 | -9,778 | -12,262 | 13,845 |
devnett limited Credit Report and Business Information
Devnett Limited Competitor Analysis
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.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr James Devereux | 54 years | Sep 2015 | - | Director | |
Mr Steven Bennett | United Kingdom | 63 years | Sep 2015 | - | Director |
P&L
December 2023turnover
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 2023net 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
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
date | description | view/download |
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