neatframe limited
neatframe limited Company Information
Company Number
11802958
Next Accounts
Sep 2025
Industry
Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)
Shareholders
neat holdings as
zoom video communications inc.
View AllGroup Structure
View All
Contact
Registered Address
cannon green 27 bush lane, london, EC4R 0AA
Website
neat.noneatframe limited Estimated Valuation
Pomanda estimates the enterprise value of NEATFRAME LIMITED at £273.5m based on a Turnover of £114.4m and 2.39x industry multiple (adjusted for size and gross margin).
neatframe limited Estimated Valuation
Pomanda estimates the enterprise value of NEATFRAME LIMITED at £250.9m based on an EBITDA of £16.3m and a 15.39x industry multiple (adjusted for size and gross margin).
neatframe limited Estimated Valuation
Pomanda estimates the enterprise value of NEATFRAME LIMITED at £69.1m based on Net Assets of £32.7m and 2.12x industry multiple (adjusted for liquidity).
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Neatframe Limited Overview
Neatframe Limited is a live company located in london, EC4R 0AA with a Companies House number of 11802958. It operates in the manufacture of communication equipment other than telegraph, and telephone apparatus and equipment sector, SIC Code 26309. Founded in February 2019, it's largest shareholder is neat holdings as with a 71.7% stake. Neatframe Limited is a young, mega sized company, Pomanda has estimated its turnover at £114.4m with rapid growth in recent years.
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Neatframe Limited Health Check
Pomanda's financial health check has awarded Neatframe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £114.4m, make it larger than the average company (£13.6m)
£114.4m - Neatframe Limited
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 161%, show it is growing at a faster rate (9.6%)
161% - Neatframe Limited
9.6% - Industry AVG
Production
with a gross margin of 61.3%, this company has a lower cost of product (49.3%)
61.3% - Neatframe Limited
49.3% - Industry AVG
Profitability
an operating margin of 12.3% make it more profitable than the average company (5.1%)
12.3% - Neatframe Limited
5.1% - Industry AVG
Employees
with 244 employees, this is above the industry average (60)
244 - Neatframe Limited
60 - Industry AVG
Pay Structure
on an average salary of £137.4k, the company has a higher pay structure (£63.6k)
£137.4k - Neatframe Limited
£63.6k - Industry AVG
Efficiency
resulting in sales per employee of £468.7k, this is more efficient (£230.6k)
£468.7k - Neatframe Limited
£230.6k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (65 days)
79 days - Neatframe Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (46 days)
97 days - Neatframe Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 230 days, this is more than average (102 days)
230 days - Neatframe Limited
102 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (19 weeks)
21 weeks - Neatframe Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.6%, this is a higher level of debt than the average (40.1%)
57.6% - Neatframe Limited
40.1% - Industry AVG
NEATFRAME LIMITED financials
Neatframe Limited's latest turnover from December 2023 is £114.4 million and the company has net assets of £32.7 million. According to their latest financial statements, Neatframe Limited has 244 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 114,366,896 | 118,942,198 | 56,550,044 | 6,423,867 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 44,223,011 | 84,376,411 | 32,299,810 | 2,051,094 | 0 |
| Gross Profit | 70,143,885 | 34,565,787 | 24,250,234 | 4,372,773 | 0 |
| Admin Expenses | 56,053,197 | 62,840,236 | 26,398,970 | 9,258,965 | 4,410,647 |
| Operating Profit | 14,090,688 | -28,274,449 | -2,148,736 | -4,886,192 | -4,410,647 |
| Interest Payable | 1,384,169 | 324,582 | 0 | 9,790 | 44,479 |
| Interest Receivable | 218,190 | 33,366 | 154 | 174,309 | 8,316 |
| Pre-Tax Profit | 12,924,709 | -28,565,665 | -2,148,582 | -4,721,673 | -4,446,810 |
| Tax | 1,226,657 | 2,142,789 | 1,304,218 | 2,004,273 | 471,938 |
| Profit After Tax | 14,151,366 | -26,422,876 | -844,364 | -2,717,400 | -3,974,872 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 14,151,366 | -26,422,876 | -844,364 | -2,717,400 | -3,974,872 |
| Employee Costs | 33,521,814 | 31,565,412 | 15,930,906 | 1,338,236 | 159,480 |
| Number Of Employees | 244 | 241 | 112 | ||
| EBITDA* | 16,300,748 | -25,481,713 | -723,005 | -4,878,812 | -4,408,775 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 4,814,782 | 3,046,557 | 1,517,490 | 32,945 | 10,437 |
| Intangible Assets | 4,879,548 | 2,466,674 | 5,311,848 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 3,545 | 3,545 |
| Debtors (Due After 1 year) | 3,529,129 | 1,362,121 | 0 | 0 | 0 |
| Total Fixed Assets | 9,694,329 | 5,513,231 | 6,829,338 | 32,945 | 10,437 |
| Stock & work in progress | 27,911,905 | 28,070,411 | 9,938,790 | 1,348,198 | 0 |
| Trade Debtors | 24,846,865 | 21,699,120 | 17,183,601 | 678,630 | 0 |
| Group Debtors | 0 | 0 | 0 | 7,952,750 | 4,701,937 |
| Misc Debtors | 2,606,566 | 1,518,365 | 727,486 | 1,804,293 | 499,002 |
| Cash | 10,794,695 | 2,460,231 | 34,901,740 | 2,083,767 | 1,890,976 |
| misc current assets | 1,168,580 | 3,779,052 | 0 | 0 | 0 |
| total current assets | 67,328,613 | 57,527,180 | 64,628,542 | 13,867,638 | 7,091,915 |
| total assets | 77,022,942 | 63,040,411 | 71,457,880 | 13,900,583 | 7,102,352 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,856,993 | 17,216,557 | 20,990,763 | 557,731 | 138,520 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 14,489,143 | 13,914,842 | 1,352,447 | 1,280,019 | 183,599 |
| total current liabilities | 26,346,137 | 31,131,401 | 22,343,211 | 1,837,750 | 322,119 |
| loans | 23,817,334 | 21,065,460 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 6,076,318 | 4,171,866 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 2,057,767 | 0 | 0 |
| provisions | 0 | 0 | 1,287,104 | 0 | 0 |
| total long term liabilities | 17,984,985 | 14,704,596 | 2,701,319 | 0 | 0 |
| total liabilities | 44,331,122 | 45,835,997 | 25,044,530 | 1,837,750 | 322,119 |
| net assets | 32,691,819 | 17,204,414 | 46,413,350 | 12,062,833 | 6,780,233 |
| total shareholders funds | 32,691,819 | 17,204,414 | 46,413,349 | 12,062,833 | 6,780,233 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 14,090,688 | -28,274,449 | -2,148,736 | -4,886,192 | -4,410,647 |
| Depreciation | 820,920 | 693,844 | 219,123 | 7,380 | 1,872 |
| Amortisation | 1,389,140 | 2,098,893 | 1,206,608 | 0 | 0 |
| Tax | 1,226,657 | 2,142,789 | 1,304,218 | 2,004,273 | 471,938 |
| Stock | -158,506 | 18,131,621 | 8,590,592 | 1,348,198 | 0 |
| Debtors | 6,402,953 | 6,668,520 | 7,475,414 | 5,234,734 | 5,200,939 |
| Creditors | -5,359,565 | -3,774,206 | 20,433,032 | 419,211 | 138,520 |
| Accruals and Deferred Income | 2,478,753 | 16,734,261 | 72,428 | 1,096,420 | 183,599 |
| Deferred Taxes & Provisions | 0 | -1,287,104 | 1,287,104 | 0 | 0 |
| Cash flow from operations | 8,402,146 | -36,466,113 | 6,307,771 | -7,941,840 | -8,815,657 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | -3,545 | 0 | 3,545 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,751,874 | 21,065,460 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -2,057,767 | 2,057,767 | 0 | 0 |
| share issue | |||||
| interest | -1,165,979 | -291,216 | 154 | 164,519 | -36,163 |
| cash flow from financing | 2,921,934 | 15,930,417 | 37,252,801 | 8,164,519 | 10,718,942 |
| cash and cash equivalents | |||||
| cash | 8,334,464 | -32,441,509 | 32,817,973 | 192,791 | 1,890,976 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 8,334,464 | -32,441,509 | 32,817,973 | 192,791 | 1,890,976 |
neatframe limited Credit Report and Business Information
Neatframe Limited Competitor Analysis
Perform a competitor analysis for neatframe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in EC4R area or any other competitors across 12 key performance metrics.
neatframe limited Ownership
NEATFRAME LIMITED group structure
Neatframe Limited has no subsidiary companies.
Ultimate parent company
NEATFRAME LIMITED
11802958
neatframe limited directors
Neatframe Limited currently has 2 directors. The longest serving directors include Mr James Weeks (Feb 2019) and Mr Victor Hurpia Da Rocha (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Weeks | England | 46 years | Feb 2019 | - | Director |
| Mr Victor Hurpia Da Rocha | Norway | 40 years | Dec 2023 | - | Director |
P&L
December 2023turnover
114.4m
-4%
operating profit
14.1m
-150%
gross margin
61.4%
+111.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
32.7m
+0.9%
total assets
77m
+0.22%
cash
10.8m
+3.39%
net assets
Total assets minus all liabilities
neatframe limited company details
company number
11802958
Type
Private limited with Share Capital
industry
26309 - Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)
incorporation date
February 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
cannon green 27 bush lane, london, EC4R 0AA
Bank
-
Legal Advisor
-
neatframe 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 did not find charges/mortgages relating to neatframe limited.
neatframe 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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neatframe limited Companies House Filings - See Documents
| date | description | view/download |
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