Finnet Limited

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finnet limited Company Information

Live

MatureSmallHigh

Company Number

03929942

Website

http://kpi.com

Registered Address

137 blackstock road, london, N4 2JW

Industry

Computer consultancy activities

Telephone

02070961245

Next Accounts Due

November 2024

Group Structure

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Directors

Muzaffar Karabaev24 Years

Shakhnoza Musaeva20 Years

Shareholders

muzaffar karabaev 51%

shakhnoza musaeva 49%

finnet limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of FINNET LIMITED at £1.1m based on a Turnover of £2.3m and 0.47x industry multiple (adjusted for size and gross margin).

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Finnet Limited AI Business Plan

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Finnet Limited is a live company located in london, N4 2JW with a Companies House number of 03929942. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2000, it's largest shareholder is muzaffar karabaev with a 51% stake. Finnet Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Pomanda's financial health check has awarded Finnet Limited 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

Health Rating3out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £2.3m, make it larger than the average company (£799.8k)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (4.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FINNET LIMITED group structure

Finnet Limited has no subsidiary companies.

Ultimate parent company

FINNET LIMITED

03929942

FINNET LIMITED Shareholders

muzaffar karabaev	51%
shakhnoza musaeva	49%

Finnet Limited currently has 2 directors. The longest serving directors include Mr Muzaffar Karabaev (Feb 2000) and Mrs Shakhnoza Musaeva (Jul 2003).

officer	country	age	start	end	role
Mr Muzaffar Karabaev	United Kingdom	50 years	Feb 2000	-	Director
Mrs Shakhnoza Musaeva	United Arab Emirates	51 years	Jul 2003	-	Director

EXPORT

Finnet Limited's latest turnover from February 2023 is estimated at £2.3 million and the company has net assets of £76.6 thousand. According to their latest financial statements, Finnet Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,342,357	2,057,543	1,808,489	1,539,063	1,438,281	1,311,410	332,615	260,649	101,204	174,531	183,962	150,672	274,871	96,802
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,711,388	1,489,249	1,304,785	1,081,608	1,018,095	914,458	227,784	176,919	68,859	114,571	117,994	98,950	180,516	61,337
Gross Profit	630,969	568,294	503,704	457,455	420,186	396,951	104,830	83,731	32,345	59,960	65,968	51,721	94,355	35,465
Admin Expenses	594,768	534,441	528,788	411,824	414,556	387,516	103,199	78,090	41,547	67,288	67,825	50,376	95,804	32,776
Operating Profit	36,201	33,853	-25,084	45,631	5,630	9,435	1,631	5,641	-9,202	-7,328	-1,857	1,345	-1,449	2,689
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	1,223	1,160	1,567	1,087	1,155	865	433	220	111
Pre-Tax Profit	36,201	33,853	-25,084	45,631	5,630	10,658	2,790	7,209	-8,115	-6,173	-992	1,778	-1,229	2,800
Tax	-6,878	-6,432	0	-8,670	-1,070	-2,025	-558	-1,442	0	0	0	-462	0	-784
Profit After Tax	29,323	27,421	-25,084	36,961	4,560	8,633	2,232	5,767	-8,115	-6,173	-992	1,316	-1,229	2,016
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	29,323	27,421	-25,084	36,961	4,560	8,633	2,232	5,767	-8,115	-6,173	-992	1,316	-1,229	2,016
Employee Costs	259,797	146,484	89,642	92,802	433,435	402,834	112,694	115,831	58,536	55,639	54,723	54,152	104,080	54,759
Number Of Employees	5	3	2	2	8	8	2	2	1	1	1	1	2	1
EBITDA*	36,201	33,853	-25,084	45,631	5,630	9,435	15,357	8,522	-503	5,064	16,905	18,923	6,621	15,734

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,297	2	1,110	7,912	7,945	8,886	6,559	10,601	3,156	37,207	38,315	47,534	10,719	13,491
Intangible Assets	0	0	0	0	0	0	3,764	4,705	5,646	6,587	7,528	8,469	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,297	2	1,110	7,912	7,945	8,886	10,323	15,306	8,802	43,794	45,843	56,003	10,719	13,491
Stock & work in progress	0	0	0	0	0	0	0	0	15,000	3,000	29,967	47,544	18,489	0
Trade Debtors	1,473,063	1,379,630	1,349,727	1,076,845	572,390	564,099	38,121	23,835	22,199	17,276	22,608	15,000	66,687	20,213
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	489,288	438,311	188,662	246,010	216,064	129,908	43,433	44,418
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,473,063	1,379,630	1,349,727	1,076,845	572,390	564,099	527,409	462,146	225,861	266,286	268,639	192,452	128,609	64,631
total assets	1,474,360	1,379,632	1,350,837	1,084,757	580,335	572,985	537,732	477,452	234,663	310,080	314,482	248,455	139,328	78,122
Bank overdraft	0	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	0
Trade Creditors	259,499	169,169	36,780	52,288	572,320	569,530	522,550	484,762	0	313,660	310,639	242,369	133,307	69,622
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	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	0	0	0
other current liabilities	0	0	0	0	0	0	20,260	0	0	0	0	0	0	0
total current liabilities	259,499	169,169	36,780	52,288	572,320	569,530	542,810	484,762	0	313,660	310,639	242,369	133,307	69,622
loans	0	0	0	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	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,138,225	1,163,150	1,294,165	987,493	0	0	0	0	247,740	1,382	2,632	3,883	5,134	6,384
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,138,225	1,163,150	1,294,165	987,493	0	0	0	0	247,740	1,382	2,632	3,883	5,134	6,384
total liabilities	1,397,724	1,332,319	1,330,945	1,039,781	572,320	569,530	542,810	484,762	247,740	315,042	313,271	246,252	138,441	76,006
net assets	76,636	47,313	19,892	44,976	8,015	3,455	-5,078	-7,310	-13,077	-4,962	1,211	2,203	887	2,116
total shareholders funds	76,636	47,313	19,892	44,976	8,015	3,455	-5,078	-7,310	-13,077	-4,962	1,211	2,203	887	2,116

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	36,201	33,853	-25,084	45,631	5,630	9,435	1,631	5,641	-9,202	-7,328	-1,857	1,345	-1,449	2,689
Depreciation	0	0	0	0	0	0	12,785	1,940	7,758	11,451	17,821	16,637	8,070	13,045
Amortisation	0	0	0	0	0	0	941	941	941	941	941	941	0	0
Tax	-6,878	-6,432	0	-8,670	-1,070	-2,025	-558	-1,442	0	0	0	-462	0	-784
Stock	0	0	0	0	0	0	0	-15,000	12,000	-26,967	-17,577	29,055	18,489	0
Debtors	93,433	29,903	272,882	504,455	8,291	525,978	14,286	1,636	4,923	-5,332	7,608	-51,687	46,474	20,213
Creditors	90,330	132,389	-15,508	-520,032	2,790	46,980	37,788	484,762	-313,660	3,021	68,270	109,062	63,685	69,622
Accruals and Deferred Income	0	0	0	0	0	-20,260	20,260	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	26,220	129,907	-313,474	-987,526	-941	-491,848	58,561	505,206	-331,086	40,384	95,144	150,155	5,343	64,359
Investing Activities
capital expenditure	-1,295	1,108	6,802	33	941	1,437	-8,743	-9,385	26,293	-10,343	-8,602	-62,862	-5,298	-26,536
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,295	1,108	6,802	33	941	1,437	-8,743	-9,385	26,293	-10,343	-8,602	-62,862	-5,298	-26,536
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	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	0	0	0
other long term liabilities	-24,925	-131,015	306,672	987,493	0	0	0	-247,740	246,358	-1,250	-1,251	-1,251	-1,250	6,384
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	1,223	1,160	1,567	1,087	1,155	865	433	220	111
cash flow from financing	-24,925	-131,015	306,672	987,493	0	1,123	1,160	-246,173	247,445	-95	-386	-818	-1,030	6,595
cash and cash equivalents
cash	0	0	0	0	0	-489,288	50,977	249,649	-57,348	29,946	86,156	86,475	-985	44,418
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-489,288	50,977	249,649	-57,348	29,946	86,156	86,475	-985	44,418

P&L

February 2023

turnover

2.3m

+14%

operating profit

36.2k

gross margin

27%

-2.47%

turnover

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

Balance Sheet

February 2023

net assets

76.6k

+0.62%

total assets

1.5m

+0.07%

cash

net assets

Total assets minus all liabilities

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company number

03929942

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

February 2000

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

137 blackstock road, london, N4 2JW

last accounts submitted

February 2023

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 1 charges/mortgages relating to finnet limited. Currently there are 1 open charges and 0 have been satisfied in the past.

finnet limited Company Information

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finnet limited Estimated Valuation

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