Skynet International Holding Limited
Registered name: SKYNET INTERNATIONAL HOLDING LIMITED
Skynet International Holding Limited made £66m revenue and a £802k loss in the year to 31 Mar 2023.
Skynet International Holding Limited’s revenue was £66m in the year to 31 Mar 2023, with a loss of £802k and 0 employees. The company is classified under “activities of financial services holding companies” and is based in Hounslow; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Hounslow, London
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £33.5m | £66m |
| Cost of sales | £24.4m | £49.7m |
| Gross profit | £9.2m | £16.3m |
| Operating profit | £2.1m | £1.1m |
| Profit before tax | £1.8m | −£543k |
| Profit after tax | £1.3m | −£802k |
| Profit (best available) | £1.3m | −£802k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 3.7% | −1.2% |
| Gross margin | 27.3% | 24.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £5.5m | £11.7m |
| Net assets | £4.3m | £3.5m |
| Fixed assets | £17.4m | £14.6m |
| Current assets | £18.6m | £20.7m |
| Debtors | £11.8m | £8.1m |
| Deferred income | £514k | £546k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 |
How the business works
- Profit margin
- −1.2%
- Profit ÷ revenue.
- Gross margin
- 24.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 22.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.3%
- 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
- —
- Now £3.5m
- Cash at bank
- —
- Now £11.7m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £546k
- Fixed assets
- —
- Now £14.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Deltec International Courier LimitedRev. — · Profit £243k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit −£802k), from the Companies House accounts bulk data published Oct 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.