fibrus networks ltd
fibrus networks ltd Company Information
Company Number
NI612703
Next Accounts
Dec 2024
Industry
Other telecommunications activities
Shareholders
acorn holdco ii limited
Group Structure
View All
Contact
Registered Address
108-113 dargan crescent, belfast, northern ireland, BT3 9JP
Website
http://ibub.co.ukfibrus networks ltd Estimated Valuation
Pomanda estimates the enterprise value of FIBRUS NETWORKS LTD at £5.7m based on a Turnover of £6.8m and 0.85x industry multiple (adjusted for size and gross margin).
fibrus networks ltd Estimated Valuation
Pomanda estimates the enterprise value of FIBRUS NETWORKS LTD at £0 based on an EBITDA of £-1.5m and a 3.98x industry multiple (adjusted for size and gross margin).
fibrus networks ltd Estimated Valuation
Pomanda estimates the enterprise value of FIBRUS NETWORKS LTD at £0 based on Net Assets of £-3.3m and 2.61x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Fibrus Networks Ltd Overview
Fibrus Networks Ltd is a live company located in northern ireland, BT3 9JP with a Companies House number of NI612703. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in May 2012, it's largest shareholder is acorn holdco ii limited with a 100% stake. Fibrus Networks Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.8m with rapid growth in recent years.
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Fibrus Networks Ltd Health Check
Pomanda's financial health check has awarded Fibrus Networks Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £6.8m, make it smaller than the average company (£11.8m)
£6.8m - Fibrus Networks Ltd
£11.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 61%, show it is growing at a faster rate (3.5%)
- Fibrus Networks Ltd
3.5% - Industry AVG
Production
with a gross margin of 33.3%, this company has a comparable cost of product (37.9%)
33.3% - Fibrus Networks Ltd
37.9% - Industry AVG
Profitability
an operating margin of -186.3% make it less profitable than the average company (4.6%)
-186.3% - Fibrus Networks Ltd
4.6% - Industry AVG
Employees
with 304 employees, this is above the industry average (51)
304 - Fibrus Networks Ltd
51 - Industry AVG
Pay Structure
on an average salary of £53.1k, the company has an equivalent pay structure (£58.2k)
£53.1k - Fibrus Networks Ltd
£58.2k - Industry AVG
Efficiency
resulting in sales per employee of £22.2k, this is less efficient (£225.2k)
£22.2k - Fibrus Networks Ltd
£225.2k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (40 days)
28 days - Fibrus Networks Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 1031 days, this is slower than average (44 days)
1031 days - Fibrus Networks Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 1151 days, this is more than average (10 days)
1151 days - Fibrus Networks Ltd
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (9 weeks)
11 weeks - Fibrus Networks Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.1%, this is a higher level of debt than the average (63.2%)
101.1% - Fibrus Networks Ltd
63.2% - Industry AVG
FIBRUS NETWORKS LTD financials
Fibrus Networks Ltd's latest turnover from March 2023 is £6.8 million and the company has net assets of -£3.3 million. According to their latest financial statements, Fibrus Networks Ltd has 304 employees and maintains cash reserves of £14.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,755,826 | 1,915,302 | 522,320 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 4,508,379 | 2,035,477 | 444,617 | ||||||||
| Gross Profit | 2,247,447 | -120,175 | 77,703 | ||||||||
| Admin Expenses | 14,834,649 | 15,636,779 | 2,022,687 | ||||||||
| Operating Profit | -12,587,202 | -15,756,954 | -1,944,984 | ||||||||
| Interest Payable | 7,561,737 | 30,086 | 0 | ||||||||
| Interest Receivable | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -20,148,939 | -15,787,040 | -1,944,984 | ||||||||
| Tax | 0 | 0 | 0 | ||||||||
| Profit After Tax | -20,148,939 | -15,787,040 | -1,944,984 | ||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||
| Retained Profit | -20,148,939 | -15,787,040 | -1,944,984 | ||||||||
| Employee Costs | 16,140,411 | 10,351,993 | 3,304,370 | ||||||||
| Number Of Employees | 304 | 207 | 110 | 8 | 10 | ||||||
| EBITDA* | -1,494,317 | -11,667,389 | -1,762,330 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 244,899,954 | 123,817,626 | 35,391,249 | 1,102,829 | 633,173 | 128,325 | 33,272 | 873 | 1,338 | 1,434 | 613 |
| Intangible Assets | 8,548,435 | 8,792,907 | 8,839,378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 200 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 120,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 253,448,589 | 132,610,633 | 44,350,627 | 1,102,829 | 633,173 | 128,325 | 33,272 | 873 | 1,338 | 1,434 | 613 |
| Stock & work in progress | 14,216,937 | 8,092,199 | 4,221,114 | 28,833 | 28,853 | 0 | 0 | 0 | 4,975 | 9,950 | 9,950 |
| Trade Debtors | 518,786 | 276,593 | 167,437 | 174,077 | 400,024 | 15,768 | 16,695 | 87,007 | 97,739 | 10,406 | 6,710 |
| Group Debtors | 9,006,390 | 2,337,874 | 1,727,391 | 82,059 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 13,264,996 | 13,879,991 | 4,348,319 | 65,293 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 14,934,591 | 1,753,216 | 16,245,419 | 40,787 | 40,509 | 19,550 | 10,472 | 3,267 | 23,234 | 1,164 | 1,794 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 51,941,700 | 26,339,873 | 26,709,680 | 391,049 | 469,386 | 35,318 | 27,167 | 90,274 | 125,948 | 21,520 | 18,454 |
| total assets | 305,390,289 | 158,950,506 | 71,060,307 | 1,493,878 | 1,102,559 | 163,643 | 60,439 | 91,147 | 127,286 | 22,954 | 19,067 |
| Bank overdraft | 0 | 0 | 0 | 303,413 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 12,740,310 | 12,636,339 | 4,778,527 | 434,816 | 842,657 | 263,860 | 5,876 | 93,915 | 128,820 | 23,548 | 3,105 |
| Group/Directors Accounts | 27,709,917 | 63,878,046 | 51,748,360 | 631,871 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 27,295,019 | 23,587,016 | 16,369,111 | 14,520 | 0 | 0 | 0 | 0 | 0 | 0 | 13,273 |
| total current liabilities | 67,745,246 | 100,101,401 | 72,895,998 | 1,384,620 | 842,657 | 263,860 | 5,876 | 93,915 | 128,820 | 23,548 | 16,378 |
| loans | 152,195,423 | 16,192,110 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 88,702,339 | 42,661,327 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 35,917 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 240,897,762 | 58,853,437 | 0 | 0 | 0 | 0 | 35,917 | 0 | 0 | 0 | 0 |
| total liabilities | 308,643,008 | 158,954,838 | 72,895,998 | 1,384,620 | 842,657 | 263,860 | 41,793 | 93,915 | 128,820 | 23,548 | 16,378 |
| net assets | -3,252,719 | -4,332 | -1,835,726 | 109,258 | 259,902 | -100,217 | 18,646 | -2,768 | -1,534 | -594 | 2,689 |
| total shareholders funds | -3,252,719 | -4,332 | -1,835,726 | 109,258 | 259,902 | -100,217 | 18,646 | -2,768 | -1,534 | -594 | 2,689 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -12,587,202 | -15,756,954 | -1,944,984 | ||||||||
| Depreciation | 10,507,656 | 3,533,139 | 182,654 | 112,985 | 39,018 | 18,369 | 434 | 774 | 697 | 546 | 204 |
| Amortisation | 585,229 | 556,426 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | ||||||||
| Stock | 6,124,738 | 3,871,085 | 4,192,281 | -20 | 28,853 | 0 | 0 | -4,975 | -4,975 | 0 | 9,950 |
| Debtors | 6,295,714 | 10,131,311 | 6,041,718 | -78,595 | 384,256 | -927 | -70,312 | -10,732 | 87,333 | 3,696 | 6,710 |
| Creditors | 103,971 | 7,857,812 | 4,343,711 | -407,841 | 578,797 | 257,984 | -88,039 | -34,905 | 105,272 | 20,443 | 3,105 |
| Accruals and Deferred Income | 49,749,015 | 49,879,232 | 16,354,591 | 14,520 | 0 | 0 | 0 | 0 | 0 | -13,273 | 13,273 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 35,938,217 | 32,067,259 | 8,701,973 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | 0 | ||||||||||
| Change in Investments | 100 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -36,168,129 | 12,129,686 | 51,116,489 | 631,871 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 136,003,313 | 16,192,110 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -35,917 | 35,917 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -7,561,737 | -30,086 | 0 | ||||||||
| cash flow from financing | 109,173,999 | 45,910,144 | 51,116,489 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | 13,181,375 | -14,492,203 | 16,204,632 | 278 | 20,959 | 9,078 | 7,205 | -19,967 | 22,070 | -630 | 1,794 |
| overdraft | 0 | 0 | -303,413 | 303,413 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 13,181,375 | -14,492,203 | 16,508,045 | -303,135 | 20,959 | 9,078 | 7,205 | -19,967 | 22,070 | -630 | 1,794 |
fibrus networks ltd Credit Report and Business Information
Fibrus Networks Ltd Competitor Analysis
Perform a competitor analysis for fibrus networks ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BT3 area or any other competitors across 12 key performance metrics.
fibrus networks ltd Ownership
FIBRUS NETWORKS LTD group structure
Fibrus Networks Ltd has 2 subsidiary companies.
Ultimate parent company
2 parents
FIBRUS NETWORKS LTD
NI612703
2 subsidiaries
fibrus networks ltd directors
Fibrus Networks Ltd currently has 6 directors. The longest serving directors include Mr Dominic Kearns (May 2012) and Mr Thomas Crawley (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dominic Kearns | Northern Ireland | 39 years | May 2012 | - | Director |
| Mr Thomas Crawley | England | 38 years | May 2020 | - | Director |
| Mr Andrew Matthews | United Kingdom | 62 years | May 2020 | - | Director |
| Mr Conal Henry | Northern Ireland | 55 years | Jun 2020 | - | Director |
| Mr Lee Crossingham | Northern Ireland | 36 years | Feb 2022 | - | Director |
| Mr Savvas Karatapanis | United Kingdom | 31 years | Sep 2022 | - | Director |
P&L
March 2023turnover
6.8m
+253%
operating profit
-12.6m
-20%
gross margin
33.3%
-630.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-3.3m
+749.86%
total assets
305.4m
+0.92%
cash
14.9m
+7.52%
net assets
Total assets minus all liabilities
fibrus networks ltd company details
company number
NI612703
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
May 2012
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
b4b networks ltd (March 2020)
ibub networks ltd. (September 2017)
accountant
-
auditor
GRANT THORNTON (NI) LLP
address
108-113 dargan crescent, belfast, northern ireland, BT3 9JP
Bank
DANSKE BANK
Legal Advisor
TUGHANS
fibrus networks ltd 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 fibrus networks ltd. Currently there are 3 open charges and 1 have been satisfied in the past.
fibrus networks ltd 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.
Click to start generating capital raising & share issue transactions for FIBRUS NETWORKS LTD. This can take several minutes, an email will notify you when this has completed.
fibrus networks ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
