neptune subsea ip limited
neptune subsea ip limited Company Information
Company Number
10591232
Website
https://xtera.comRegistered Address
bates house church road, harold wood, essex, RM3 0SD
Industry
Other telecommunications activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
neptune subsea acquisitions limited 100%
neptune subsea ip limited Estimated Valuation
Pomanda estimates the enterprise value of NEPTUNE SUBSEA IP LIMITED at £306.5k based on a Turnover of £189k and 1.62x industry multiple (adjusted for size and gross margin).
neptune subsea ip limited Estimated Valuation
Pomanda estimates the enterprise value of NEPTUNE SUBSEA IP LIMITED at £0 based on an EBITDA of £-1.4m and a 5.8x industry multiple (adjusted for size and gross margin).
neptune subsea ip limited Estimated Valuation
Pomanda estimates the enterprise value of NEPTUNE SUBSEA IP LIMITED at £1.4m based on Net Assets of £1.4m and 1.06x industry multiple (adjusted for liquidity).
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Neptune Subsea Ip Limited Overview
Neptune Subsea Ip Limited is a live company located in essex, RM3 0SD with a Companies House number of 10591232. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in January 2017, it's largest shareholder is neptune subsea acquisitions limited with a 100% stake. Neptune Subsea Ip Limited is a young, micro sized company, Pomanda has estimated its turnover at £189k with declining growth in recent years.
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Neptune Subsea Ip Limited Health Check
Pomanda's financial health check has awarded Neptune Subsea Ip Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
7 Weak
Size
annual sales of £189k, make it smaller than the average company (£12.4m)
£189k - Neptune Subsea Ip Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -54%, show it is growing at a slower rate (3.5%)
-54% - Neptune Subsea Ip Limited
3.5% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (38.8%)
100% - Neptune Subsea Ip Limited
38.8% - Industry AVG
Profitability
an operating margin of -722.6% make it less profitable than the average company (4.1%)
-722.6% - Neptune Subsea Ip Limited
4.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (51)
- Neptune Subsea Ip Limited
51 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Neptune Subsea Ip Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £189k, this is less efficient (£228.4k)
- Neptune Subsea Ip Limited
£228.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Neptune Subsea Ip Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Neptune Subsea Ip Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Neptune Subsea Ip Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Neptune Subsea Ip Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.4%, this is a higher level of debt than the average (65.9%)
88.4% - Neptune Subsea Ip Limited
65.9% - Industry AVG
NEPTUNE SUBSEA IP LIMITED financials
Neptune Subsea Ip Limited's latest turnover from December 2022 is £189 thousand and the company has net assets of £1.4 million. According to their latest financial statements, we estimate that Neptune Subsea Ip Limited has 1 employee and maintains cash reserves of £8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 188,955 | 2,256,048 | 2,562,112 | 1,947,241 | 5,226,195 | 872,075 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 188,955 | 2,256,048 | 2,562,112 | 1,947,241 | 5,226,195 | 872,075 |
| Admin Expenses | 1,554,428 | 710,750 | 1,325,582 | -928,983 | 11,646,961 | 5,222,733 |
| Operating Profit | -1,365,473 | 1,545,298 | 1,236,530 | 2,876,224 | -6,420,766 | -4,350,658 |
| Interest Payable | 103,865 | 117,796 | 128,349 | 150,720 | 185,566 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 16 | 107 |
| Pre-Tax Profit | -1,469,338 | 1,427,502 | 1,108,181 | 2,725,503 | -6,566,681 | -4,323,065 |
| Tax | 269,453 | -103,347 | 758,903 | 0 | 24,790 | 387,260 |
| Profit After Tax | -1,199,885 | 1,324,156 | 1,867,084 | 2,725,503 | -6,541,890 | -3,935,805 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,199,885 | 1,324,156 | 1,867,084 | 2,725,503 | -6,541,890 | -3,935,805 |
| Employee Costs | 0 | |||||
| Number Of Employees | 3 | 3 | 3 | |||
| EBITDA* | -1,365,473 | 1,616,329 | 1,768,828 | 3,309,986 | -5,956,082 | -3,924,699 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 372,142 | 394,262 |
| Intangible Assets | 4,983,518 | 5,599,653 | 5,670,684 | 5,102,878 | 5,851,378 | 6,316,062 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,983,518 | 5,599,653 | 5,670,684 | 5,102,878 | 6,223,519 | 6,710,323 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 6,038,875 | 6,559,606 | 4,380,009 | 0 | 5,055,380 | 879,835 |
| Misc Debtors | 729,395 | 1,148,577 | 1,260,619 | 1,976,770 | 0 | 0 |
| Cash | 8,008 | 20,404 | 422,837 | 9,697 | 291,826 | 55,209 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 3,300 |
| total current assets | 6,776,279 | 7,728,588 | 6,063,467 | 1,986,468 | 5,347,207 | 938,345 |
| total assets | 11,759,797 | 13,328,241 | 11,734,150 | 7,089,346 | 11,570,726 | 7,648,668 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 99,246 | 199,434 | 704,475 | 1,955,964 | 8,056,933 | 1,133,821 |
| Group/Directors Accounts | 10,293,588 | 10,573,703 | 9,863,379 | 5,598,337 | 1 | 1 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,080 | 8,891 | 8,981 | 98,907 | 6,681,202 | 3,714,971 |
| total current liabilities | 10,399,915 | 10,782,029 | 10,576,835 | 7,653,208 | 14,738,136 | 4,848,793 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,399,915 | 10,782,029 | 10,576,835 | 7,653,208 | 14,738,136 | 4,848,793 |
| net assets | 1,359,882 | 2,546,212 | 1,157,316 | -563,862 | -3,167,410 | 2,799,875 |
| total shareholders funds | 1,359,882 | 2,546,212 | 1,157,316 | -563,862 | -3,167,409 | 2,799,875 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -1,365,473 | 1,545,298 | 1,236,530 | 2,876,224 | -6,420,766 | -4,350,658 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 71,031 | 532,298 | 433,762 | 464,684 | 425,959 |
| Tax | 269,453 | -103,347 | 758,903 | 0 | 24,790 | 387,260 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -939,913 | 2,067,554 | 3,663,859 | -3,078,610 | 4,175,545 | 879,835 |
| Creditors | -100,188 | -505,040 | -1,251,489 | -6,100,969 | 6,923,112 | 1,133,821 |
| Accruals and Deferred Income | -1,811 | -90 | -89,926 | -6,582,295 | 2,966,231 | 3,714,971 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -258,106 | -1,059,702 | -2,477,543 | -6,294,668 | -217,494 | 431,518 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -280,115 | 710,324 | 4,265,042 | 5,598,336 | 0 | 1 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -103,865 | -117,796 | -128,349 | -150,720 | -185,550 | 107 |
| cash flow from financing | -370,425 | 657,268 | 3,990,787 | 5,325,660 | 389,056 | 6,735,788 |
| cash and cash equivalents | ||||||
| cash | -12,396 | -402,433 | 413,140 | -282,129 | 236,617 | 55,209 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -12,396 | -402,433 | 413,140 | -282,129 | 236,617 | 55,209 |
neptune subsea ip limited Credit Report and Business Information
Neptune Subsea Ip Limited Competitor Analysis
Perform a competitor analysis for neptune subsea ip limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in RM3 area or any other competitors across 12 key performance metrics.
neptune subsea ip limited Ownership
NEPTUNE SUBSEA IP LIMITED group structure
Neptune Subsea Ip Limited has no subsidiary companies.
Ultimate parent company
HIG EUROPE CAPITAL PARTNERS II LP
#0115479
2 parents
NEPTUNE SUBSEA IP LIMITED
10591232
neptune subsea ip limited directors
Neptune Subsea Ip Limited currently has 2 directors. The longest serving directors include Dr Stuart Barnes (Feb 2017) and Mr Leigh Frame (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Stuart Barnes | 71 years | Feb 2017 | - | Director | |
| Mr Leigh Frame | England | 64 years | Aug 2020 | - | Director |
P&L
December 2022turnover
189k
-92%
operating profit
-1.4m
-188%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.4m
-0.47%
total assets
11.8m
-0.12%
cash
8k
-0.61%
net assets
Total assets minus all liabilities
Similar Companies
neptune subsea ip limited company details
company number
10591232
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
January 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
bates house church road, harold wood, essex, RM3 0SD
accountant
-
auditor
-
neptune subsea ip 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 4 charges/mortgages relating to neptune subsea ip limited. Currently there are 4 open charges and 0 have been satisfied in the past.
neptune subsea ip limited Companies House Filings - See Documents
| date | description | view/download |
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