How much does Nynet Limited make?

Nynet Limited reported revenue of £2.4m and a loss of £272k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Nynet Limited have?

Nynet Limited reported an average of 17 employees in the year to 31 Mar 2023.

Is Nynet Limited profitable?

No — Nynet Limited reported a loss of £272k in the year to 31 Mar 2023.

Company No. 06069791 · Incorporated 26 Jan 2007

Nynet Limited

Registered name: NYNET LIMITED

Part of North Yorkshire Council group

Nynet Limited made £2.4m revenue and a £272k loss in the year to 31 Mar 2023.

Nynet Limited’s revenue fell 2% to £2.4m in the year to 31 Mar 2023, with a loss of £272k and 17 employees. The company is classified under “wired telecommunications activities” and is based in Harrogate; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61100Wired telecommunications activities

Status: Active
Location: Harrogate, Yorkshire and The Humber
Age: 19 yrs · since 2007
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2023

Key figures

Revenue

£2.4m

Growth ▼2%

Profit

−£272k

Growth ▼159.6%

Profit margin

−11.2%

Gross 62.4%

Employees

Change ▼5.6%

Profit / employee

−£16k

Revenue/employee £143k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£2.5m	£2.4m
Cost of sales	£1.1m	£913k
Gross profit	£1.4m	£1.5m
Operating profit	£375k	−£266k
Profit before tax	£466k	−£266k
Profit after tax	£456k	−£272k
Profit (best available)	£456k	−£272k
Employees (average)	18	17
Ratios
Profit margin	18.4%	−11.2%
Gross margin	57.6%	62.4%
Revenue per employee	£138k	£143k
Profit per employee	£25.4k	−£16k
Growth (year on year)
Revenue growth	—	▼2%
Profit growth	—	▼159.6%
Headcount growth	—	▼5.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£15.9k	£3.1k
Net assets	−£2.2m	−£2.5m
Fixed assets	£15.7m	£15.3m
Current assets	£5.5m	£5.6m
Debtors	£550k	£613k
Deferred income	£939k	£2.4m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −11.2%; Profit ÷ revenue.
Gross margin: 62.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £143k; Revenue ÷ average employees.
Profit per employee: −£16k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 628.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 98.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 25.3%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£2.5m
Cash at bank: ▼81%; Now £3.1k
Headcount: ▼6%; Now 17
Deferred income: ▲155%; Now £2.4m
Fixed assets: ▼3%; Now £15.3m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

North Yorkshire Council (registered outside the UK register)ultimate parent75–100%
Nynet Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Nynet 100 LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£272k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.