
Company Number
IE502277
Next Accounts
May 2025
Shareholders
accedian networks inc.
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
c/o cisco oranmore business park, oranmore galway ireland
Website
-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).
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).
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 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.
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
2 Strong
1 Regular
7 Weak
Size
annual sales of €5m, make it smaller than the average company (€7.4m)
€5m - Accedian Networks (ireland) Limited
€7.4m - Industry AVG
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
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
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
with 8 employees, this is below the industry average (44)
8 - Accedian Networks (ireland) Limited
44 - Industry AVG
Pay Structure
on an average salary of €74.4k, the company has an equivalent pay structure (€74.4k)
- Accedian Networks (ireland) Limited
€74.4k - Industry AVG
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
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Accedian Networks (ireland) Limited
- - Industry AVG
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Accedian Networks (ireland) Limited
- - Industry AVG
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
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'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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
---|---|---|---|---|---|---|---|---|
Turnover | 5,003,472 | 6,057,858 | 6,113,758 | 5,301,003 | 6,429,208 | 5,304,841 | 4,183,201 | 1,742,725 |
Other Income Or Grants | ||||||||
Cost Of Sales | 4,710,935 | 5,682,808 | ||||||
Gross Profit | 292,537 | 375,050 | ||||||
Admin Expenses | 158,236 | -70,686 | ||||||
Operating Profit | 134,301 | 445,736 | 270,677 | |||||
Interest Payable | ||||||||
Interest Receivable | ||||||||
Pre-Tax Profit | 134,301 | 445,736 | 293,601 | 201,527 | 270,677 | 247,634 | 175,243 | 73,745 |
Tax | -144,496 | -77,558 | -66,199 | -32,280 | -51,023 | -35,906 | -26,254 | -9,452 |
Profit After Tax | -10,195 | 368,178 | 227,402 | 169,247 | 219,654 | 211,728 | 148,989 | 64,293 |
Dividends Paid | ||||||||
Retained Profit | -10,195 | 368,178 | 227,402 | 169,247 | 219,654 | 211,728 | 148,989 | 64,293 |
Employee Costs | 4,912,327 | 4,307,544 | 1,916,364 | 857,976 | ||||
Number Of Employees | 8 | 12 | 14 | 14 | 14 | 9 | 8 | 4 |
EBITDA* | 139,290 | 453,842 | 276,176 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 6,296 | 11,285 | 13,426 | 10,785 | 9,816 | 8,683 | 2,861 | |
Intangible Assets | ||||||||
Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Debtors (Due After 1 year) | ||||||||
Total Fixed Assets | 6,297 | 11,286 | 13,427 | 10,786 | 9,817 | 8,684 | 2,862 | 1 |
Stock & work in progress | ||||||||
Trade Debtors | ||||||||
Group Debtors | 1,553,807 | 2,931,556 | 2,391,670 | 2,265,008 | 1,701,987 | 1,373,133 | 1,205,248 | 508,886 |
Misc Debtors | 67,479 | 134,837 | 15,740 | 19,550 | 99,389 | 406 | 890 | 3,330 |
Cash | 101,192 | 23,693 | 28,453 | 24,966 | 93,970 | 172,699 | 64,312 | |
misc current assets | ||||||||
total current assets | 1,722,478 | 3,090,086 | 2,435,863 | 2,309,524 | 1,895,346 | 1,546,238 | 1,206,138 | 576,528 |
total assets | 1,728,775 | 3,101,372 | 2,449,290 | 2,320,310 | 1,905,163 | 1,554,922 | 1,209,000 | 576,529 |
Bank overdraft | ||||||||
Bank loan | ||||||||
Trade Creditors | 22,384 | 319,211 | 227,476 | 199,484 | 53,174 | 11,792 | 2,942 | 187 |
Group/Directors Accounts | 931,842 | 768,692 | 591,131 | 414,579 | 287,438 | |||
other short term finances | ||||||||
hp & lease commitments | ||||||||
other current liabilities | 37,869 | 277,860 | 263,252 | 566,218 | 593,769 | 792,002 | 666,658 | 185,931 |
total current liabilities | 992,095 | 1,365,763 | 1,081,859 | 1,180,281 | 934,381 | 803,794 | 669,600 | 186,118 |
loans | ||||||||
hp & lease commitments | ||||||||
Accruals and Deferred Income | ||||||||
other liabilities | ||||||||
provisions | ||||||||
total long term liabilities | ||||||||
total liabilities | 992,095 | 1,365,763 | 1,081,859 | 1,180,281 | 934,381 | 803,794 | 669,600 | 186,118 |
net assets | 736,680 | 1,735,609 | 1,367,431 | 1,140,029 | 970,782 | 751,128 | 539,400 | 390,411 |
total shareholders funds | 736,680 | 1,735,609 | 1,367,431 | 1,140,029 | 970,782 | 751,128 | 539,400 | 390,411 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | 134,301 | 445,736 | 270,677 | |||||
Depreciation | 4,989 | 8,106 | 8,577 | 5,499 | 2,237 | |||
Amortisation | ||||||||
Tax | -144,496 | -77,558 | -66,199 | -32,280 | -51,023 | -35,906 | -26,254 | -9,452 |
Stock | ||||||||
Debtors | -1,445,107 | 658,983 | 122,852 | 483,182 | 427,837 | 167,401 | 693,922 | 512,216 |
Creditors | -296,827 | 91,735 | 27,992 | 146,310 | 41,382 | 8,850 | 2,755 | 187 |
Accruals and Deferred Income | -239,991 | 14,608 | -302,966 | -27,551 | -198,233 | 125,344 | 480,727 | 185,931 |
Deferred Taxes & Provisions | ||||||||
Cash flow from operations | 903,083 | -176,356 | -359,535 | |||||
Investing Activities | ||||||||
capital expenditure | -8,059 | -3,170 | ||||||
Change in Investments | 1 | |||||||
cash flow from investments | -8,059 | -3,170 | -1 | |||||
Financing Activities | ||||||||
Bank loans | ||||||||
Group/Directors Accounts | 163,150 | 177,561 | 176,552 | 127,141 | 287,438 | |||
Other Short Term Loans | ||||||||
Long term loans | ||||||||
Hire Purchase and Lease Commitments | ||||||||
other long term liabilities | ||||||||
share issue | ||||||||
interest | ||||||||
cash flow from financing | -825,584 | 177,561 | 176,552 | 127,141 | 287,438 | 326,118 | ||
cash and cash equivalents | ||||||||
cash | 77,499 | -4,760 | 3,487 | -69,004 | -78,729 | 172,699 | -64,312 | 64,312 |
overdraft | ||||||||
change in cash | 77,499 | -4,760 | 3,487 | -69,004 | -78,729 | 172,699 | -64,312 | 64,312 |
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 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 currently has 6 directors. The longest serving directors include DERMOT MULVIHILL (Aug 2011) and GEOFFREY LEWIS (Aug 2011).
officer | country | age | start | end | role |
---|---|---|---|---|---|
DERMOT MULVIHILL | 75 years | Aug 2011 | - | Director | |
GEOFFREY LEWIS | 73 years | Aug 2011 | - | Director | |
GEOFFREY LEWIS | 73 years | Aug 2011 | - | Director | |
MARTIN LEBEAU | 54 years | Jul 2017 | - | Director | |
Keith Griffin | 50 years | Oct 2023 | - | Director | |
Shane Heraty | 49 years | Oct 2023 | - | Director |
P&L
December 2023turnover
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 2023net assets
736.7k
-0.58%
total assets
1.7m
-0.44%
cash
101.2k
+3.27%
net assets
Total assets minus all liabilities
Similar Companies
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
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
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.
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