CCN Communications Ltd
Registered name: CCN COMMUNICATIONS LTD
Part of Verevo Limited groupCCN Communications Ltd made £41.1m revenue and £1m profit in the year to 30 Apr 2024. read from filing text
CCN Communications Ltd’s revenue fell 28% to £41.1m in the year to 30 Apr 2024, with £1m profit and 167 employees. The company is classified under “construction of utility projects for electricity and telecommunications” and is based in Havant; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Havant, South East
- Age
- 18 yrs · since 2008
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £49.7m | £57.1m | £41.1m |
| Cost of sales | £42.5m | £48.5m | £31.2m |
| Gross profit | £7.2m | £8.6m | £9.9m |
| Operating profit | £404k | £997k | £1.9m |
| Profit before tax | £294k | £895k | £1.7m |
| Profit after tax | £285k | £778k | £1m |
| Profit (best available) | £285k | £778k | £1m |
| Staff costs | £5.2m | £6m | £6.8m |
| Employees (average) | 116 | 129 | 167 |
| Ratios | |||
| Profit margin | 0.6% | 1.4% | 2.5% |
| Gross margin | 14.5% | 15.1% | 24.2% |
| Revenue per employee | £428k | £443k | £246k |
| Profit per employee | £2.5k | £6k | £6.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲15% | ▼28% |
| Profit growth | — | ▲173.4% | ▲30.3% |
| Headcount growth | — | ▲11.2% | ▲29.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1m | £551k | £222k |
| Net assets | £2.3m | £1.9m | £1.8m |
| Fixed assets | £504k | £211k | £254k |
| Current assets | £12.9m | £13m | £7.9m |
| Debtors | £5.6m | £4.1m | £3.2m |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 2.5%
- Profit ÷ revenue.
- Gross margin
- 24.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £246k
- Revenue ÷ average employees.
- Profit per employee
- £6.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.7%
- Money owed by customers. Low = customers pay quickly.
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
- ▼5%
- Now £1.8m
- Cash at bank
- ▼60%
- Now £222k
- Headcount
- ▲29%
- Now 167
- Deferred income
- —
- Now —
- Fixed assets
- ▲21%
- Now £254k
Group structure
Ownership chain
- Verevo Limitedultimate parent75–100%
- CCN Communications Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Nexus Fibre Solutions LimitedLiquidationFigures not disclosed
- Verevo Assets LimitedFigures not disclosed
- Verevo Solutions LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Profit
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £1m), from the Companies House accounts bulk data published Dec 2024. 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.