neos networks limited
neos networks limited Company Information
Company Number
SC213457
Website
neosnetworks.comRegistered Address
inveralmond house, 200 dunkeld road, perth, PH1 3AQ
Industry
Other telecommunications activities
Telephone
03450701997
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
bowmore uk 3 limited 50%
sse plc 50%
neos networks limited Estimated Valuation
Pomanda estimates the enterprise value of NEOS NETWORKS LIMITED at £529.4m based on a Turnover of £157.9m and 3.35x industry multiple (adjusted for size and gross margin).
neos networks limited Estimated Valuation
Pomanda estimates the enterprise value of NEOS NETWORKS LIMITED at £569.9m based on an EBITDA of £47.5m and a 12x industry multiple (adjusted for size and gross margin).
neos networks limited Estimated Valuation
Pomanda estimates the enterprise value of NEOS NETWORKS LIMITED at £186.3m based on Net Assets of £175.4m and 1.06x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Neos Networks Limited Overview
Neos Networks Limited is a live company located in perth, PH1 3AQ with a Companies House number of SC213457. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in December 2000, it's largest shareholder is bowmore uk 3 limited with a 50% stake. Neos Networks Limited is a mature, mega sized company, Pomanda has estimated its turnover at £157.9m with unknown growth in recent years.
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Neos Networks Limited Health Check
Pomanda's financial health check has awarded Neos Networks Limited a 4 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 £157.9m, make it larger than the average company (£12m)
£157.9m - Neos Networks Limited
£12m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Neos Networks Limited
- - Industry AVG
Production
with a gross margin of 87%, this company has a lower cost of product (38.4%)
87% - Neos Networks Limited
38.4% - Industry AVG
Profitability
an operating margin of -27.7% make it less profitable than the average company (4.4%)
-27.7% - Neos Networks Limited
4.4% - Industry AVG
Employees
with 680 employees, this is above the industry average (51)
680 - Neos Networks Limited
51 - Industry AVG
Pay Structure
on an average salary of £71.3k, the company has a higher pay structure (£57.9k)
£71.3k - Neos Networks Limited
£57.9k - Industry AVG
Efficiency
resulting in sales per employee of £232.2k, this is equally as efficient (£224.2k)
£232.2k - Neos Networks Limited
£224.2k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (40 days)
36 days - Neos Networks Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (43 days)
92 days - Neos Networks Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is more than average (10 days)
23 days - Neos Networks Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (9 weeks)
12 weeks - Neos Networks Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.7%, this is a higher level of debt than the average (63.7%)
71.7% - Neos Networks Limited
63.7% - Industry AVG
NEOS NETWORKS LIMITED financials
Neos Networks Limited's latest turnover from March 2023 is £157.9 million and the company has net assets of £175.4 million. According to their latest financial statements, Neos Networks Limited has 680 employees and maintains cash reserves of £23.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 157,900,000 | 138,500,000 | 129,700,000 | 126,600,000 | 119,700,000 | 55,300,000 | 55,900,000 | 54,900,000 | 55,000,000 | 52,200,000 | 49,100,000 | 48,000,000 | 42,700,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,500,000 | 12,100,000 | 15,100,000 | 31,300,000 | 26,500,000 | 2,000,000 | 1,600,000 | 200,000 | 200,000 | 200,000 | 300,000 | 300,000 | 300,000 |
| Gross Profit | 137,400,000 | 126,400,000 | 114,600,000 | 95,300,000 | 93,200,000 | 53,300,000 | 54,300,000 | 54,700,000 | 54,800,000 | 52,000,000 | 48,800,000 | 47,700,000 | 42,400,000 |
| Admin Expenses | 181,200,000 | 140,200,000 | 124,000,000 | 76,800,000 | 77,400,000 | 52,400,000 | 40,400,000 | 52,200,000 | 44,400,000 | 41,800,000 | 40,200,000 | 38,100,000 | -78,700,000 |
| Operating Profit | -43,800,000 | -13,800,000 | -9,400,000 | 18,500,000 | 15,800,000 | 900,000 | 13,900,000 | 2,500,000 | 10,400,000 | 10,200,000 | 8,600,000 | 9,600,000 | 121,100,000 |
| Interest Payable | 20,900,000 | 18,700,000 | 15,400,000 | 2,000,000 | 1,600,000 | 400,000 | 500,000 | 2,100,000 | 1,000,000 | 1,400,000 | 0 | 0 | 100,000 |
| Interest Receivable | 100,000 | 100,000 | 100,000 | 400,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 400,000 | 100,000 | 300,000 |
| Pre-Tax Profit | -64,600,000 | -32,400,000 | -24,700,000 | 16,900,000 | 14,400,000 | 500,000 | 13,400,000 | 400,000 | -3,400,000 | 8,800,000 | 9,000,000 | 9,700,000 | 12,300,000 |
| Tax | 4,400,000 | 3,800,000 | 4,600,000 | -3,100,000 | -2,300,000 | 600,000 | -1,400,000 | -500,000 | 2,800,000 | 11,800,000 | -900,000 | -1,300,000 | -4,200,000 |
| Profit After Tax | -60,200,000 | -28,600,000 | -20,100,000 | 13,800,000 | 12,100,000 | 1,100,000 | 12,000,000 | -100,000 | -600,000 | 20,600,000 | 8,100,000 | 8,400,000 | 8,100,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000,000 | 0 | 0 |
| Retained Profit | -60,200,000 | -28,600,000 | -20,100,000 | 13,800,000 | 12,100,000 | 1,100,000 | 12,000,000 | -100,000 | -600,000 | 20,600,000 | -41,900,000 | 8,400,000 | 8,100,000 |
| Employee Costs | 48,500,000 | 40,400,000 | 34,700,000 | 24,000,000 | 20,200,000 | 10,800,000 | 7,800,000 | 6,400,000 | 6,300,000 | 5,700,000 | 6,400,000 | 5,600,000 | 5,000,000 |
| Number Of Employees | 680 | 661 | 590 | 399 | 338 | 223 | 143 | 131 | 123 | 120 | 117 | 106 | 98 |
| EBITDA* | 47,500,000 | 75,100,000 | 70,900,000 | 39,300,000 | 35,300,000 | 14,500,000 | 26,600,000 | 19,100,000 | 25,800,000 | 25,700,000 | 22,500,000 | 21,700,000 | 131,400,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 552,600,000 | 603,100,000 | 556,000,000 | 219,600,000 | 181,300,000 | 143,100,000 | 124,800,000 | 120,800,000 | 152,300,000 | 155,100,000 | 151,700,000 | 144,200,000 | 122,000,000 |
| Intangible Assets | 0 | 7,000,000 | 7,000,000 | 8,300,000 | 8,300,000 | 900,000 | 900,000 | 1,000,000 | 1,200,000 | 2,600,000 | 3,000,000 | 3,400,000 | 3,800,000 |
| Investments & Other | 22,300,000 | 20,100,000 | 20,300,000 | 0 | 0 | 11,500,000 | 11,500,000 | 11,500,000 | 11,500,000 | 11,500,000 | 11,500,000 | 11,500,000 | 11,500,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 30,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 552,600,000 | 610,100,000 | 563,000,000 | 227,900,000 | 220,100,000 | 155,500,000 | 137,200,000 | 133,300,000 | 165,000,000 | 169,200,000 | 166,200,000 | 159,100,000 | 137,300,000 |
| Stock & work in progress | 1,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 300,000 | 300,000 | 300,000 |
| Trade Debtors | 15,600,000 | 32,500,000 | 30,000,000 | 14,300,000 | 14,300,000 | 600,000 | 0 | 400,000 | 300,000 | 600,000 | 400,000 | 600,000 | 500,000 |
| Group Debtors | 5,500,000 | 8,600,000 | 94,600,000 | 0 | 7,100,000 | 3,300,000 | 4,700,000 | 4,800,000 | 5,900,000 | 14,300,000 | 10,900,000 | 18,400,000 | 35,800,000 |
| Misc Debtors | 19,800,000 | 22,800,000 | 20,800,000 | 51,400,000 | 41,000,000 | 8,600,000 | 8,100,000 | 4,900,000 | 2,100,000 | 2,500,000 | 3,200,000 | 500,000 | 9,800,000 |
| Cash | 23,300,000 | 20,000,000 | 18,500,000 | 31,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 67,800,000 | 86,200,000 | 166,100,000 | 96,900,000 | 62,400,000 | 12,500,000 | 12,800,000 | 10,100,000 | 8,300,000 | 17,500,000 | 14,800,000 | 19,800,000 | 46,400,000 |
| total assets | 620,400,000 | 696,300,000 | 729,100,000 | 324,800,000 | 282,500,000 | 168,000,000 | 150,000,000 | 143,400,000 | 173,300,000 | 186,700,000 | 181,000,000 | 178,900,000 | 183,700,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,200,000 | 4,100,000 | 6,600,000 | 10,700,000 | 2,700,000 | 200,000 | 1,000,000 | 600,000 | 2,100,000 | 1,300,000 | 4,500,000 | 2,700,000 | 3,100,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 16,600,000 | 17,100,000 | 11,200,000 | 7,100,000 | 4,900,000 | 9,000,000 | 10,000,000 | 0 | 14,100,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 54,900,000 | 56,600,000 | 47,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 36,900,000 | 109,500,000 | 191,800,000 | 65,900,000 | 50,700,000 | 9,600,000 | 11,000,000 | 8,100,000 | 8,000,000 | 7,700,000 | 10,800,000 | 12,100,000 | 11,200,000 |
| total current liabilities | 97,000,000 | 170,200,000 | 245,400,000 | 76,600,000 | 70,000,000 | 26,900,000 | 23,200,000 | 15,800,000 | 15,000,000 | 18,000,000 | 25,300,000 | 14,800,000 | 28,400,000 |
| loans | 603,000,000 | 749,200,000 | 612,200,000 | 53,300,000 | 33,200,000 | 17,900,000 | 4,700,000 | 16,500,000 | 43,700,000 | 50,600,000 | 57,700,000 | 25,000,000 | 25,000,000 |
| hp & lease commitments | 146,300,000 | 192,000,000 | 184,600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 46,500,000 | 50,500,000 | 44,200,000 | 0 | 400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 8,800,000 | 16,400,000 | 12,400,000 | 10,700,000 | 10,000,000 | 10,100,000 | 11,300,000 | 14,700,000 | 17,600,000 | 18,300,000 | 17,600,000 | 17,300,000 |
| total long term liabilities | 348,000,000 | 429,500,000 | 358,500,000 | 65,700,000 | 44,300,000 | 27,900,000 | 14,800,000 | 27,800,000 | 58,400,000 | 68,200,000 | 76,000,000 | 42,600,000 | 42,300,000 |
| total liabilities | 445,000,000 | 599,700,000 | 603,900,000 | 142,300,000 | 114,300,000 | 54,800,000 | 38,000,000 | 43,600,000 | 73,400,000 | 86,200,000 | 101,300,000 | 57,400,000 | 70,700,000 |
| net assets | 175,400,000 | 96,600,000 | 125,200,000 | 182,500,000 | 168,200,000 | 113,200,000 | 112,000,000 | 99,800,000 | 99,900,000 | 100,500,000 | 79,700,000 | 121,500,000 | 113,000,000 |
| total shareholders funds | 175,400,000 | 96,600,000 | 125,200,000 | 182,500,000 | 168,200,000 | 113,200,000 | 112,000,000 | 99,800,000 | 99,900,000 | 100,500,000 | 79,700,000 | 121,500,000 | 113,000,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -43,800,000 | -13,800,000 | -9,400,000 | 18,500,000 | 15,800,000 | 900,000 | 13,900,000 | 2,500,000 | 10,400,000 | 10,200,000 | 8,600,000 | 9,600,000 | 121,100,000 |
| Depreciation | 91,200,000 | 88,800,000 | 80,200,000 | 20,800,000 | 19,500,000 | 13,600,000 | 12,600,000 | 16,400,000 | 15,000,000 | 15,100,000 | 13,500,000 | 11,700,000 | 9,800,000 |
| Amortisation | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 100,000 | 200,000 | 400,000 | 400,000 | 400,000 | 400,000 | 500,000 |
| Tax | 4,400,000 | 3,800,000 | 4,600,000 | -3,100,000 | -2,300,000 | 600,000 | -1,400,000 | -500,000 | 2,800,000 | 11,800,000 | -900,000 | -1,300,000 | -4,200,000 |
| Stock | 1,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100,000 | -200,000 | 0 | 0 | 300,000 |
| Debtors | -23,000,000 | -81,500,000 | 145,400,000 | -27,200,000 | 80,400,000 | -300,000 | 2,700,000 | 1,800,000 | -9,100,000 | 2,900,000 | -5,000,000 | -26,600,000 | 46,100,000 |
| Creditors | 1,100,000 | -2,500,000 | 6,600,000 | 8,000,000 | 2,500,000 | -800,000 | 400,000 | -1,500,000 | 800,000 | -3,200,000 | 1,800,000 | -400,000 | 3,100,000 |
| Accruals and Deferred Income | -76,600,000 | -76,000,000 | 236,000,000 | 14,800,000 | 41,500,000 | -1,400,000 | 2,900,000 | 100,000 | 300,000 | -3,100,000 | -1,300,000 | 900,000 | 11,200,000 |
| Deferred Taxes & Provisions | -8,800,000 | -7,600,000 | 16,400,000 | 1,700,000 | 700,000 | -100,000 | -1,200,000 | -3,400,000 | -2,900,000 | -700,000 | 700,000 | 300,000 | 17,300,000 |
| Cash flow from operations | -10,700,000 | 74,300,000 | 189,100,000 | 87,900,000 | -2,700,000 | 13,100,000 | 24,600,000 | 12,000,000 | 36,000,000 | 27,800,000 | 27,800,000 | 47,800,000 | 112,400,000 |
| Investing Activities | |||||||||||||
| capital expenditure | -57,600,000 | -34,500,000 | |||||||||||
| Change in Investments | 2,200,000 | -200,000 | 20,300,000 | 0 | -11,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,500,000 |
| cash flow from investments | -57,600,000 | -23,000,000 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -16,600,000 | -500,000 | 5,900,000 | 4,100,000 | 2,200,000 | -4,100,000 | -1,000,000 | 10,000,000 | -14,100,000 | 14,100,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -146,200,000 | 137,000,000 | 612,200,000 | 20,100,000 | 15,300,000 | 13,200,000 | -11,800,000 | -27,200,000 | -6,900,000 | -7,100,000 | 32,700,000 | 0 | 25,000,000 |
| Hire Purchase and Lease Commitments | -47,400,000 | 17,000,000 | 231,600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -20,800,000 | -18,600,000 | -15,300,000 | -1,600,000 | -1,400,000 | -400,000 | -500,000 | -2,100,000 | -1,000,000 | -1,400,000 | 400,000 | 100,000 | 200,000 |
| cash flow from financing | -75,400,000 | 135,400,000 | 973,800,000 | 2,400,000 | 56,300,000 | 18,800,000 | -8,000,000 | -27,100,000 | -12,000,000 | -9,300,000 | 43,200,000 | -13,900,000 | 144,200,000 |
| cash and cash equivalents | |||||||||||||
| cash | 3,300,000 | 1,500,000 | 18,500,000 | 31,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,300,000 | 1,500,000 | 18,500,000 | 31,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
neos networks limited Credit Report and Business Information
Neos Networks Limited Competitor Analysis
Perform a competitor analysis for neos networks limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in PH1 area or any other competitors across 12 key performance metrics.
neos networks limited Ownership
NEOS NETWORKS LIMITED group structure
Neos Networks Limited has 3 subsidiary companies.
Ultimate parent company
NEOS NETWORKS LIMITED
SC213457
3 subsidiaries
neos networks limited directors
Neos Networks Limited currently has 7 directors. The longest serving directors include Mr James Harraway (Mar 2019) and Mr Edward Clarke (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Harraway | 44 years | Mar 2019 | - | Director | |
| Mr Edward Clarke | England | 58 years | Mar 2019 | - | Director |
| Mr Neil Kirkby | 60 years | Mar 2019 | - | Director | |
| Mr Kieran Gilmurray | Scotland | 52 years | Jun 2019 | - | Director |
| Mr Gareth Williams | United Kingdom | 58 years | Aug 2020 | - | Director |
| Mr Fraser Alexander | Scotland | 61 years | Feb 2023 | - | Director |
| Mr Wael Elkhouly | 56 years | Aug 2023 | - | Director |
P&L
March 2023turnover
157.9m
+14%
operating profit
-43.8m
+217%
gross margin
87.1%
-4.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
175.4m
+0.82%
total assets
620.4m
-0.11%
cash
23.3m
+0.17%
net assets
Total assets minus all liabilities
Similar Companies
neos networks limited company details
company number
SC213457
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
December 2000
age
24
incorporated
UK
accounts
Group
ultimate parent company
previous names
sse telecommunications limited (March 2021)
dunwilco (844) limited (January 2001)
last accounts submitted
March 2023
address
inveralmond house, 200 dunkeld road, perth, PH1 3AQ
accountant
-
auditor
ERNST & YOUNG LLP
neos networks 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 neos networks limited.
neos networks limited Companies House Filings - See Documents
| date | description | view/download |
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