netacea limited
netacea limited Company Information
Company Number
11566936
Next Accounts
Dec 2025
Directors
Shareholders
netacea holdings limited
Group Structure
View All
Industry
Business and domestic software development
Registered Address
suite 5.06 department bonded war, 18 lower byrom street, manchester, M3 4AP
Website
https://www.netacea.comnetacea limited Estimated Valuation
Pomanda estimates the enterprise value of NETACEA LIMITED at £5.3m based on a Turnover of £5.5m and 0.97x industry multiple (adjusted for size and gross margin).
netacea limited Estimated Valuation
Pomanda estimates the enterprise value of NETACEA LIMITED at £0 based on an EBITDA of £-6.2m and a 5.9x industry multiple (adjusted for size and gross margin).
netacea limited Estimated Valuation
Pomanda estimates the enterprise value of NETACEA LIMITED at £0 based on Net Assets of £-29.8m and 2.38x industry multiple (adjusted for liquidity).
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Netacea Limited Overview
Netacea Limited is a live company located in manchester, M3 4AP with a Companies House number of 11566936. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2018, it's largest shareholder is netacea holdings limited with a 100% stake. Netacea Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.5m with healthy growth in recent years.
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Netacea Limited Health Check
Pomanda's financial health check has awarded Netacea Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £5.5m, make it larger than the average company (£3.7m)
- Netacea Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.5%)
- Netacea Limited
10.5% - Industry AVG
Production
with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)
- Netacea Limited
72.1% - Industry AVG
Profitability
an operating margin of -114.3% make it less profitable than the average company (3.9%)
- Netacea Limited
3.9% - Industry AVG
Employees
with 76 employees, this is above the industry average (33)
76 - Netacea Limited
33 - Industry AVG
Pay Structure
on an average salary of £68.1k, the company has an equivalent pay structure (£68.1k)
- Netacea Limited
£68.1k - Industry AVG
Efficiency
resulting in sales per employee of £72.4k, this is less efficient (£118.5k)
- Netacea Limited
£118.5k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (59 days)
- Netacea Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 103 days, this is slower than average (39 days)
- Netacea Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Netacea Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)
3 weeks - Netacea Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 575%, this is a higher level of debt than the average (59%)
575% - Netacea Limited
59% - Industry AVG
NETACEA LIMITED financials
Netacea Limited's latest turnover from March 2024 is estimated at £5.5 million and the company has net assets of -£29.8 million. According to their latest financial statements, Netacea Limited has 76 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 4,497,807 | |||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 929,577 | |||||
| Gross Profit | 3,568,230 | |||||
| Admin Expenses | 13,793,650 | |||||
| Operating Profit | -10,225,420 | |||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | -10,225,420 | |||||
| Tax | 1,351,330 | |||||
| Profit After Tax | -8,874,090 | |||||
| Dividends Paid | ||||||
| Retained Profit | -8,874,090 | |||||
| Employee Costs | ||||||
| Number Of Employees | 76 | 87 | 71 | 50 | 58 | 18 |
| EBITDA* | -10,143,903 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 48,230 | 105,503 | 112,580 | 49,184 | 93,585 | 119,562 |
| Intangible Assets | 685 | 12,130 | 32,217 | 52,304 | ||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 48,915 | 117,633 | 144,797 | 101,488 | 93,585 | 119,562 |
| Stock & work in progress | ||||||
| Trade Debtors | 576,605 | 517,455 | 376,073 | 593,774 | 446,200 | |
| Group Debtors | ||||||
| Misc Debtors | 3,330,539 | 3,013,026 | 2,155,030 | 682,467 | 706,929 | 229,006 |
| Cash | 2,317,971 | 1,019,414 | 1,979,738 | 1,338,760 | 107,428 | |
| misc current assets | ||||||
| total current assets | 6,225,115 | 4,549,895 | 4,510,841 | 2,615,001 | 1,260,557 | 229,006 |
| total assets | 6,274,030 | 4,667,528 | 4,655,638 | 2,716,489 | 1,354,142 | 348,568 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 436,161 | 28,261,841 | 394,603 | 280,303 | 162,154 | |
| Group/Directors Accounts | 30,856,928 | 15,543,545 | 9,948,342 | 5,671,889 | 1,660,755 | |
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 2,841,246 | 3,437,713 | 1,158,360 | 1,051,853 | 282,807 | |
| total current liabilities | 34,134,335 | 28,261,841 | 19,375,861 | 11,387,005 | 6,885,896 | 1,943,562 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 1,940,883 | |||||
| total long term liabilities | 1,940,883 | |||||
| total liabilities | 36,075,218 | 28,261,841 | 19,375,861 | 11,387,005 | 6,885,896 | 1,943,562 |
| net assets | -29,801,188 | -23,594,313 | -14,720,223 | -8,670,516 | -5,531,754 | -1,594,994 |
| total shareholders funds | -29,801,188 | -23,594,313 | -14,720,223 | -8,670,516 | -5,531,754 | -1,594,994 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -10,225,420 | |||||
| Depreciation | 49,004 | 61,430 | 25,294 | 44,401 | 43,211 | |
| Amortisation | 11,445 | 20,087 | 20,087 | 8,935 | ||
| Tax | 1,351,330 | |||||
| Stock | ||||||
| Debtors | 376,663 | 999,378 | 1,254,862 | 123,112 | 924,123 | 229,006 |
| Creditors | -27,825,680 | 27,867,238 | 114,300 | 118,149 | 162,154 | |
| Accruals and Deferred Income | 2,841,246 | -3,437,713 | 2,279,353 | 106,507 | 769,046 | 282,807 |
| Deferred Taxes & Provisions | 1,940,883 | |||||
| Cash flow from operations | 14,637,574 | |||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 30,856,928 | -15,543,545 | 5,595,203 | 4,276,453 | 4,011,134 | 1,660,755 |
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | -15,543,545 | |||||
| cash and cash equivalents | ||||||
| cash | 1,298,557 | -960,324 | 640,978 | 1,231,332 | 107,428 | |
| overdraft | ||||||
| change in cash | 1,298,557 | -960,324 | 640,978 | 1,231,332 | 107,428 |
netacea limited Credit Report and Business Information
Netacea Limited Competitor Analysis
Perform a competitor analysis for netacea limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in M 3 area or any other competitors across 12 key performance metrics.
netacea limited Ownership
NETACEA LIMITED group structure
Netacea Limited has no subsidiary companies.
Ultimate parent company
2 parents
NETACEA LIMITED
11566936
netacea limited directors
Netacea Limited currently has 1 director, Mr Patrick Clarke serving since Jul 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Clarke | England | 60 years | Jul 2023 | - | Director |
P&L
March 2024turnover
5.5m
+22%
operating profit
-6.3m
0%
gross margin
72.2%
-9.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-29.8m
+0.26%
total assets
6.3m
+0.34%
cash
2.3m
+1.27%
net assets
Total assets minus all liabilities
netacea limited company details
company number
11566936
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
September 2018
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
BHP LLP
auditor
-
address
suite 5.06 department bonded war, 18 lower byrom street, manchester, M3 4AP
Bank
-
Legal Advisor
-
netacea 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 netacea limited. Currently there are 0 open charges and 4 have been satisfied in the past.
netacea 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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netacea limited Companies House Filings - See Documents
| date | description | view/download |
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