accedian networks (ireland) limited

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accedian networks (ireland) limited Company Information

Share ACCEDIAN NETWORKS (IRELAND) LIMITED

Company Number

IE502277

Shareholders

accedian networks inc.

Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

c/o cisco oranmore business park, oranmore galway ireland

Website

-

accedian networks (ireland) limited Estimated Valuation

€2.1m

Pomanda estimates the enterprise value of ACCEDIAN NETWORKS (IRELAND) LIMITED at €2.1m based on a Turnover of €5m and 0.41x industry multiple (adjusted for size and gross margin).

accedian networks (ireland) limited Estimated Valuation

€370.1k

Pomanda estimates the enterprise value of ACCEDIAN NETWORKS (IRELAND) LIMITED at €370.1k based on an EBITDA of €139.3k and a 2.66x industry multiple (adjusted for size and gross margin).

accedian networks (ireland) limited Estimated Valuation

€1.6m

Pomanda estimates the enterprise value of ACCEDIAN NETWORKS (IRELAND) LIMITED at €1.6m based on Net Assets of €736.7k and 2.17x industry multiple (adjusted for liquidity).

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Accedian Networks (ireland) Limited Overview

Accedian Networks (ireland) Limited is a live company. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 2011, it's largest shareholder is accedian networks inc. with a 100% stake. Accedian Networks (ireland) Limited is a established, mid sized company, Pomanda has estimated its turnover at €5m with declining growth in recent years.

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Accedian Networks (ireland) Limited Health Check

Pomanda's financial health check has awarded Accedian Networks (Ireland) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of €5m, make it smaller than the average company (€7.4m)

€5m - Accedian Networks (ireland) Limited

€7.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8%)

-2% - Accedian Networks (ireland) Limited

8% - Industry AVG

production

Production

with a gross margin of 5.9%, this company has a higher cost of product (51.3%)

5.9% - Accedian Networks (ireland) Limited

51.3% - Industry AVG

profitability

Profitability

an operating margin of 2.7% make it less profitable than the average company (3.5%)

2.7% - Accedian Networks (ireland) Limited

3.5% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (44)

8 - Accedian Networks (ireland) Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of €74.4k, the company has an equivalent pay structure (€74.4k)

€74.4k - Accedian Networks (ireland) Limited

€74.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of €625.4k, this is more efficient (€178.8k)

€625.4k - Accedian Networks (ireland) Limited

€178.8k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Accedian Networks (ireland) Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (33 days)

1 days - Accedian Networks (ireland) Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Accedian Networks (ireland) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (14 weeks)

5 weeks - Accedian Networks (ireland) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 57.4%, this is a lower level of debt than the average (64.2%)

57.4% - Accedian Networks (ireland) Limited

64.2% - Industry AVG

ACCEDIAN NETWORKS (IRELAND) LIMITED financials

EXPORTms excel logo

Accedian Networks (Ireland) Limited's latest turnover from December 2023 is €5 million and the company has net assets of €736.7 thousand. According to their latest financial statements, Accedian Networks (Ireland) Limited has 8 employees and maintains cash reserves of €101.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Turnover5,003,4726,057,8586,113,7585,301,0036,429,2085,304,8414,183,2011,742,725
Other Income Or Grants
Cost Of Sales4,710,9355,682,8082,896,4962,539,3943,085,0762,501,6181,970,103813,774
Gross Profit292,537375,0503,217,2622,761,6093,344,1322,803,2232,213,098928,951
Admin Expenses158,236-70,6862,940,0092,555,2703,073,4552,542,4782,029,322848,665
Operating Profit134,301445,736277,253206,339270,677260,745183,77680,286
Interest Payable
Interest Receivable
Pre-Tax Profit134,301445,736293,601201,527270,677247,634175,24373,745
Tax-144,496-77,558-66,199-32,280-51,023-35,906-26,254-9,452
Profit After Tax-10,195368,178227,402169,247219,654211,728148,98964,293
Dividends Paid
Retained Profit-10,195368,178227,402169,247219,654211,728148,98964,293
Employee Costs594,827845,670942,769885,2184,912,3274,307,5441,916,364857,976
Number Of Employees812141414984
EBITDA*139,290453,842285,830206,339276,176262,982183,77680,286

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Tangible Assets6,29611,28513,42610,7859,8168,6832,861
Intangible Assets
Investments & Other11111111
Debtors (Due After 1 year)
Total Fixed Assets6,29711,28613,42710,7869,8178,6842,8621
Stock & work in progress
Trade Debtors
Group Debtors1,553,8072,931,5562,391,6702,265,0081,701,9871,373,1331,205,248508,886
Misc Debtors67,479134,83715,74019,55099,3894068903,330
Cash101,19223,69328,45324,96693,970172,69964,312
misc current assets
total current assets1,722,4783,090,0862,435,8632,309,5241,895,3461,546,2381,206,138576,528
total assets1,728,7753,101,3722,449,2902,320,3101,905,1631,554,9221,209,000576,529
Bank overdraft
Bank loan
Trade Creditors 22,384319,211227,476199,48453,17411,7922,942187
Group/Directors Accounts931,842768,692591,131414,579287,438
other short term finances
hp & lease commitments
other current liabilities37,869277,860263,252566,218593,769792,002666,658185,931
total current liabilities992,0951,365,7631,081,8591,180,281934,381803,794669,600186,118
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities992,0951,365,7631,081,8591,180,281934,381803,794669,600186,118
net assets736,6801,735,6091,367,4311,140,029970,782751,128539,400390,411
total shareholders funds736,6801,735,6091,367,4311,140,029970,782751,128539,400390,411
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Operating Activities
Operating Profit134,301445,736277,253206,339270,677260,745183,77680,286
Depreciation4,9898,1068,5775,4992,237
Amortisation
Tax-144,496-77,558-66,199-32,280-51,023-35,906-26,254-9,452
Stock
Debtors-1,445,107658,983122,852483,182427,837167,401693,922512,216
Creditors-296,82791,73527,992146,31041,3828,8502,755187
Accruals and Deferred Income-239,99114,608-302,966-27,551-198,233125,344480,727185,931
Deferred Taxes & Provisions
Cash flow from operations903,083-176,356-178,195-190,364-359,535193,869-52,918-255,264
Investing Activities
capital expenditure-5,965-11,218-8,059-3,170
Change in Investments1
cash flow from investments-5,965-11,218-8,059-3,170-1
Financing Activities
Bank loans
Group/Directors Accounts163,150177,561176,552127,141287,438
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-988,734326,118
interest
cash flow from financing-825,584177,561176,552127,141287,438326,118
cash and cash equivalents
cash77,499-4,7603,487-69,004-78,729172,699-64,31264,312
overdraft
change in cash77,499-4,7603,487-69,004-78,729172,699-64,31264,312

accedian networks (ireland) 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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Accedian Networks (ireland) Limited Competitor Analysis

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Perform a competitor analysis for accedian networks (ireland) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in Region Area area or any other competitors across 12 key performance metrics.

accedian networks (ireland) limited Ownership

ACCEDIAN NETWORKS (IRELAND) LIMITED group structure

Accedian Networks (Ireland) Limited has no subsidiary companies.

Ultimate parent company

ACCEDIAN HOLDINGS US INC

#0119066

ACCEDIAN NETWORKS INC

#0078645

2 parents

ACCEDIAN NETWORKS (IRELAND) LIMITED

IE502277

ACCEDIAN NETWORKS (IRELAND) LIMITED Shareholders

accedian networks inc. 100%

accedian networks (ireland) limited directors

Accedian Networks (Ireland) Limited currently has 6 directors. The longest serving directors include DERMOT MULVIHILL (Aug 2011) and GEOFFREY LEWIS (Aug 2011).

officercountryagestartendrole
DERMOT MULVIHILL75 years Aug 2011- Director
GEOFFREY LEWIS73 years Aug 2011- Director
GEOFFREY LEWIS73 years Aug 2011- Director
MARTIN LEBEAU54 years Jul 2017- Director
Keith Griffin50 years Oct 2023- Director
Shane Heraty49 years Oct 2023- Director

P&L

December 2023

turnover

5m

-17%

operating profit

134.3k

-70%

gross margin

5.9%

-5.56%

turnover

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

Balance Sheet

December 2023

net assets

736.7k

-0.58%

total assets

1.7m

-0.44%

cash

101.2k

+3.27%

net assets

Total assets minus all liabilities

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accedian networks (ireland) limited company details

company number

IE502277

Type

LTD - PRIVATE COMPANY LIMITED BY SHARES

industry

62090 - Other information technology and computer service activities

incorporation date

August 2011

age

14

incorporated

IE

ultimate parent company

ACCEDIAN HOLDINGS US INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

CLA EVELYN PARTNERS (IRELAND) LIMITED

address

c/o cisco oranmore business park, oranmore galway ireland

Bank

SVB BANK

Legal Advisor

MATHESON

accedian networks (ireland) 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 accedian networks (ireland) limited.

accedian networks (ireland) 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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accedian networks (ireland) limited Companies House Filings - See Documents

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