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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
17
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 to31 Mar 202231 Mar 2023
DisclosureFull P&LFull 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)1817
Ratios
Profit margin18.4%−11.2%
Gross margin57.6%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
SourceFullAccounts · bulk data Dec 2023FullAccounts · 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

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

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

Subsidiaries (1)

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

Same industry, similar size

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Sources

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.