PRODEC NETWORKS LTD
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Cash
£99K
-88.7% vs 2023
Net assets
£2.4M
+37% vs 2023
Employees
87
-1.1% vs 2023
Profit before tax
£622K
-12.4% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £29,926,535 | £30,307,214 | +1.3% | |
| Operating profit | £734,339 | £617,494 | -15.9% | |
| Profit before tax | £710,148 | £622,118 | -12.4% | |
| Net profit | £627,381 | £635,859 | +1.4% | |
| Cash | £883,176 | £99,474 | -88.7% | |
| Total assets less current liabilities | £4,952,024 | £6,790,609 | +37.1% | |
| Net assets | £1,718,599 | £2,354,458 | +37% | |
| Equity | £1,718,599 | £2,354,458 | +37% | |
| Average employees | 88 | 87 | -1.1% | |
| Wages | £5,254,324 | £5,394,791 | +2.7% | |
| Directors' remuneration | £604,458 | £647,718 | +7.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.5% | 2.0% | |
| Net margin | 2.1% | 2.1% | |
| Return on capital employed | 14.8% | 9.1% | |
| Current ratio | 1.70x | 1.79x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reasonable expectation that Prodec has more than adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- PRODEC NETWORKS LTD · parent
- Network 24 Limited 100%
- Hosting Techniques Limited 100%
- Tieva Services Limited 100%
Significant events
- “During the year, the Company encountered various one-off costs relating to licensing and dilapidations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEE, Mark Richard | Director | 2022-03-15 | Nov 1971 | British |
| SUGDEN, Jonathan Lee | Director | 2022-07-01 | Apr 1978 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARLEY, Royston Arthur John | Secretary | 2001-02-15 | 2006-07-06 |
| STONE, Gregory Hamlin | Secretary | 2006-07-06 | 2022-07-01 |
| FLEET COMPANY FORMATIONS LTD | Corporate Secretary | 1998-10-07 | 2001-02-28 |
| BARLEY, Russell Graham | Director | 1998-10-08 | 2022-07-01 |
| BILLING, Caroline | Director | 2010-04-28 | 2020-11-30 |
| DAVIES, Gareth | Director | 2022-03-15 | 2025-12-19 |
| JONES, Ian Christopher | Director | 2022-03-15 | 2025-04-04 |
| MORGAN, Andrew Rhys | Director | 2020-11-29 | 2022-03-14 |
| STONE, Gregory Hamlin | Director | 2006-02-23 | 2022-07-01 |
| WIT, Alexander Maarten | Director | 2022-07-01 | 2024-02-01 |
| YULE, Adrian John | Director | 2022-07-01 | 2024-10-29 |
| ZEA, Luis Ongil | Director | 2024-02-01 | 2026-02-11 |
| FLEET TAXATION SERVICES LTD. | Corporate Director | 1998-10-07 | 1998-10-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barstone Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-14 | Active |
| Barstone Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-03-14 |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-02-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-07 | AA | accounts | Accounts with accounts type full | |
| 2023-04-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-13 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-03-01 | AA | accounts | Accounts with accounts type full | |
| 2022-12-12 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.