PING NETWORK SOLUTIONS LIMITED
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Cash
£0
-100% lowest in 6 filed years
Net assets
£1.1K
-100% lowest in 6 filed years
Employees
0
-100% lowest in 6 filed years
Profit before tax
£0
-100% lowest in 6 filed years
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-01-31 | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £10,743,662 | £12,645,698 | £19,069,361 | £25,726,613 | £25,487,609 | £0 | -100% | |
| Operating profit | £1,066,923 | £1,261,282 | £1,811,303 | £2,420,045 | £1,419,155 | £0 | -100% | |
| Profit before tax | £1,062,653 | £1,257,331 | £1,809,294 | £2,435,479 | £1,428,163 | £0 | -100% | |
| Net profit | £859,699 | £1,018,910 | £1,773,659 | £1,862,987 | £1,071,122 | £0 | -100% | |
| Cash | £1,429,896 | £2,150,397 | £3,150,801 | £5,122,477 | £2,901,881 | £0 | -100% | |
| Total assets less current liabilities | £1,677,669 | £1,931,114 | £5,485,998 | £6,636,720 | £5,641,148 | £1,069 | -100% | |
| Net assets | £1,392,971 | £1,747,881 | £3,983,720 | £5,846,707 | £4,917,829 | £1,069 | -100% | |
| Equity | £1,392,971 | £1,747,881 | £3,983,720 | £5,846,707 | £4,917,829 | £1,069 | -100% | |
| Average employees | 56 | 73 | 77 | 96 | 103 | 0 | -100% | |
| Wages | £2,601,435 | £3,569,584 | £3,945,245 | £5,757,439 | £6,753,952 | — | — | |
| Directors' remuneration | £50,016 | £50,236 | — | — | — | — | — |
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 | 2021-01-31 | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 9.9% | 10.0% | 9.5% | 9.4% | 5.6% | — | |
| Net margin | 8.0% | 8.1% | 9.3% | 7.2% | 4.2% | — | |
| Return on capital employed | 63.6% | 65.3% | 33.0% | 36.5% | 25.2% | 0.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 66.2% | 0.0% | |
| Current ratio | — | — | — | 2.20x | 1.60x | — |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Brebners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On 1 January 2025 the trade, assets and liabilities of the company were hived across into Sword IT Solutions Limited at their book value. The business unit continues to trade profitably as a going concern within Sword IT Solutions Limited. Ping Network Solutions Limited now maintains a positive net asset position with no creditors falling due for payment. On this basis, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 1 January 2025, the company transferred its trade, assets and liabilities to Sword IT Solutions Limited, a fellow subsidiary undertaking, at their book value and then ceased to trade.”
- “The Company is expected to remain non-trading in the foreseeable future.”
- “During the year interim dividends amounting to £4,916,760 (2024: £2,000,000) were declared and credited to the intercompany loan account.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORETON, Kevin | Director | 2024-06-10 | Feb 1977 | British |
| MOTTARD, Jacques Francis | Director | 2022-03-18 | Apr 1952 | French |
| SLAMENKAITE, Olga | Director | 2024-06-10 | Oct 1985 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRUCE, David | Director | 2022-03-18 | 2024-06-30 |
| GODFREY, Kenny | Director | 2009-09-04 | 2022-03-18 |
| NEILL, Terry | Director | 2009-09-04 | 2022-03-18 |
| NORGATE, Philip Neil | Director | 2022-03-18 | 2024-06-30 |
| RICHMOND, Alister | Director | 2009-09-04 | 2022-03-18 |
| WATT, Graeme | Director | 2009-09-04 | 2022-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sword Charteris Limited | Corporate entity | Shares 75–100% | 2024-07-01 | Active |
| Mr David Bruce | Individual | Significant influence | 2022-03-18 | Ceased 2024-06-30 |
| Mr Philip Neil Norgate | Individual | Significant influence | 2022-03-18 | Ceased 2024-06-30 |
| Mr Kenny Godfrey | Individual | Significant influence | 2016-04-06 | Ceased 2022-03-18 |
| Mr Terry Neill | Individual | Significant influence | 2016-04-06 | Ceased 2022-03-18 |
| Mr Alister Richmond | Individual | Significant influence | 2016-04-06 | Ceased 2022-03-18 |
| Mr Graeme Watt | Individual | Significant influence | 2016-04-06 | Ceased 2022-03-18 |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-05 | AA | accounts | Accounts with accounts type full | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | CH01 | officers | Change person director company with change date | |
| 2024-11-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-17 | AA | accounts | Accounts with accounts type full | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-31 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.