BOUNDLESS NETWORKS LIMITED

THE MILL HOUSE ALBION MILLS, ALBION LANE, WILLERBY, HU10 6DN

Previous name: LN COMMUNICATIONS LTD (changed on 08-Dec-2015)

Company Number: 05801757
Incorporation date: 02-May-2006
Status: Active
Entity type: Private Limited Company

SIC codes:
61200 Wireless telecommunications activities





SUMMARY

This company is 17.9 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -3.6 million which has worsened since the previous year's figure of GBP -3.4 million. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -181 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -5.3 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 50 other companies, 20 (40.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2022 GBP 58,189 526,283 598,205 4,468,197 1,255,025 474,950 -5,290,125 -3,560,150
31-Dec-2021 GBP 105,152 456,815 522,010 4,323,286 1,255,025 474,950 -5,109,168 -3,379,193
30-Apr-2021 GBP 42,857 574,852 531,752 5,013,892 15,000 474,950 -4,562,677 -4,072,727
30-Apr-2020 GBP 620,660 1,090,974 375,446 5,000,000 15,000 474,950 -3,783,163 -3,293,213
30-Apr-2019 GBP 1,228,474 1,628,017 333,330 5,000,000 15,000 474,950 -3,093,418 -2,603,468
30-Apr-2018 GBP 215,316 764,043 4,154,127 15,000 474,950 -2,615,606 -2,125,656
30-Apr-2017 GBP 253,059 611,967 2,937,630 15,000 474,950 -1,747,661 -1,257,711
30-Apr-2016 GBP 96,756 232,480 1,837,954 15,000 474,950 -863,412 -373,462
30-Apr-2015 GBP 22,417 85,439 165,858 110,000 3,000 426,950 -456,636 -26,686
30-Apr-2014 GBP 287,691 340,837 163,754 1,000 278,950 5,760 285,710

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2021 GBP 98.80% 1,240,025 15,000 1,255,025 5,229,597
30-Apr-2016 GBP 80.00% 60,000 15,000 75,000 40,414
30-Apr-2015 GBP 66.67% 150,000 75,000 225,000 49,946
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Simon Charles HAYHURST 14 Jun 2013 31 Oct 2018 0 - 1
Resigned Martyn BOSWELL 02 May 2008 14 Jun 2013 0 - 3
Resigned Michael Paul WHITLEY 02 May 2006 01 May 2008 British 3 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Michael Craig FAIREY 24 Jan 2023 Company Director British 6 - 5740 (63.5%)
Active Sean Michael ROYCE 25 Mar 2022 Director British 9 - 50 (0.0%)
Active Paul Arthur HOWARD 30 Jul 2021 Director British 8 - 20 (0.0%)
Resigned Steven Michael JAGGER 30 Jul 2021 25 Mar 2022 Director British 1 - 208 (38.1%)
Resigned Craig Andrew MOSCARDINI 23 Dec 2020 30 Jul 2021 Director British 0 - 20 (0.0%)
Resigned Alexander James HALL 23 Dec 2020 30 Jul 2021 Director British 0 - 10 (0.0%)
Resigned David Philip BURNS 28 Sep 2015 30 Jul 2021 Director British 1 - 10 (0.0%)
Resigned Derek Ian John OLIVER 29 Apr 2014 30 Jul 2021 Director British 6 - 11 (14.3%)
Resigned David Richard HOOD 29 Apr 2014 03 Jan 2023 Director British 5 - 116 (37.5%)
Resigned Philip John BEADNALL 13 Sep 2010 31 Jan 2016 Director British 4 - 32 (28.6%)
Resigned Martyn BOSWELL 02 May 2006 18 Dec 2015 It Professional British 0 - 30 (0.0%)
Resigned Michael Paul WHITLEY 02 May 2006 02 May 2008 Textile Goods Manufacturer British 3 - 20 (0.0%)
Number of active directors: 3
Average tenure of active directors: 2.0 years
Average tenure of resigned directors: 4.5 years
Average active director Dissolution Rate: 21.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
ST.GEORGE'S HILL RESIDENTS ASSOCIATION LIMITED (00267063) - Active
AIM PROFESSIONAL SYSTEMS LIMITED (00389567) - Dissolved
FELTONFLEET SCHOOL TRUST LIMITED (00911933) - Active
DAISY IT MANAGED SERVICES LIMITED (01983540) - Active
MICROVIVE LIMITED (02102576) - Liquidation
AIM HOLDINGS LIMITED (02120855) - Dissolved
AIM COMMERCIAL SYSTEMS LIMITED (02317277) - Dissolved
TEAMFLOW LIMITED (02317280) - Dissolved
INDEPENDENT COMPUTER MAINTENANCE LIMITED (02404301) - Dissolved
TEAMFLO LIMITED (02442069) - Dissolved
VHA LIMITED (02612286) - Active
ICM SOFTWARE SOLUTIONS LIMITED (02670307) - Dissolved
DAISY IT CONTINUITY AND RESILIENCE SERVICES LIMITED (02762460) - Active
ICM RECOVERY SERVICES LIMITED (02771998) - Dissolved
ICM ASSURITY LIMITED (03096003) - Dissolved
ICM COMPUTER SOLUTIONS LIMITED (03106809) - Dissolved
ICM NETSERV SOLUTIONS LIMITED (03106881) - Dissolved
DAISY COMPUTER GROUP LIMITED (03134540) - Active
ASSURITY (HOLDINGS) LIMITED (03625935) - Dissolved
SALTEND COMMUNITY DEVELOPMENT COMPANY LIMITED (03786722) - Active
ADVANCED SHARPOWL SOFTWARE LIMITED (04130566) - Liquidation
TIGERS SPORT AND EDUCATION TRUST (04320313) - Active
SHARPOWL (TRUSTEES) LIMITED (04384009) - Dissolved
QUICKLINE COMMUNICATIONS LIMITED (05034183) - Active
CHAMBER ACORN FUND (HUMBER) LTD (05090311) - Active
BOUNDLESS NETWORKS LIMITED (05801757) - Active
SIGMA RETAIL SOLUTIONS LIMITED (06424486) - Active
SIGMA FIXTURES SOLUTIONS LIMITED (06856731) - Active
OTIF LOGISTICS LIMITED (06856846) - Active
SIGMA GRP LIMITED (06856861) - Active
MCF FINANCE SOLUTIONS LIMITED (07215346) - Dissolved
DIGITAL SPACE TECHNOLOGY GROUP LIMITED (07427648) - Active
SIGMA M&E LIMITED (08302195) - Active
C4DI LTD (08441026) - Active
C4DI VENTURES LIMITED (08671473) - Active
SIGMA PROJECT SERVICES LIMITED (08751780) - Active
CFO CONSULTANCY LIMITED (09176301) - Dissolved
BIGBLU BROADBAND PLC (09223439) - Active
R D ENTERPRISES LIMITED (09261471) - Active
THE RON DEARING UTC (10009591) - Active
THE TIGERS TRUST ARENA LIMITED (10324735) - Active
TH GLASSHOUGHTON BIDCO LIMITED (11218421) - Active
QCL HOLDINGS LIMITED (11734097) - Active
QCL TOPCO LIMITED (13344204) - Active
QCL MIDCO LIMITED (13346904) - Active
QCL BIDCO LIMITED (13349416) - Active
ICM BUSINESS AVAILABILITY LIMITED (SC044528) - Dissolved
DAISY IT COMPUTER GROUP (SCOTLAND) LIMITED (SC076501) - Active
AIM SOLUTIONS LIMITED (SC155782) - Dissolved
ALTOR EGO LIMITED (SC188461) - Dissolved
AIM GROUP HOLDINGS LIMITED (SC219284) - Liquidation

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

BOUNDLESS NETWORKS LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2019-07-01 Mr M O-?Connor-Leak v Boundless Networks Ltd [2019] UKET 1802024/2019 Disability Discrimination

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 61200 Wireless telecommunications activities)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
TELEFONICA UK LIMITED 500 BROOK DRIVE, READING, UNITED KINGDOM, RG2 6UU 01743099 2017-12-31 5,471,000,000 416,000,000 61900-Other telecommunications activities
HUTCHISON 3G UK LIMITED 450 LONGWATER AVENUE, GREEN PARK, READING, BERKSHIRE, ENGLAND, RG2 6GF 03885486 2017-12-31 2,357,044,000 358,285,000
ARRIS GLOBAL LTD. 12 NEW FETTER LANE, LONDON, UNITED KINGDOM, EC4A 1JP 01672847 2017-12-31 1,825,600,000 169,000,000 61300-Satellite telecommunications activities
61900-Other telecommunications activities
ERICSSON LIMITED 14TH FLOOR, THAMES TOWER, STATION ROAD, READING, BERKSHIRE, ENGLAND, RG1 1LX 00942215 2017-12-31 404,128,000 73,461,000
ANGLIA TELECOM CENTRES LIMITED MILTON GATE, 60 CHISWELL STREET, LONDON, UNITED KINGDOM, UNITED KINGDOM, EC1Y 4AG 02114602 2018-03-31 55,589,000 43,637,000
SIERRA WIRELESS (UK) LIMITED BOSTON HOUSE,2A, BOSTON ROAD, HENLEY-ON-THAMES, ENGLAND, RG9 1DY 04172042 2017-12-31 4,698,521 0
MITECH CONSULTANTS LIMITED WAINSCOT, HEATH ROAD, WARBOYS, HUNTINGDON, CAMBRIDGESHIRE, PE28 2UW 03928755 2018-03-31 2,958,850 0
ZENIC8 (EMEA) LIMITED WAINSCOT HEATH ROAD, WARBOYS, HUNTINGDON, ENGLAND, PE28 2UW 09374943 2018-03-31 1,023,728 0
SPD CAD SERVICES LIMITED UNITS 182/184, TOWER STREET, BRUNSWICK BUSINESS PARK, LIVERPOOL, ENGLAND, L3 4BJ 06856311 2018-03-31 700,665 0
COMMUNICATION AND TECHNICAL SERVICES LIMITED 17 PAGES WALK, LONDON, SE1 4SB 01926779 2018-03-31 586,542 0
HUMLEY LIMITED THE STABLES (UNIT 5) MANOR FARM OLD ROAD, LAMPORT, NORTHAMPTON, NORTHAMPTONSHIRE, ENGLAND, NN6 9HF 09178026 2018-03-31 372,167 0 62011-Ready-made interactive leisure and entertainment software development
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SMART ANTENNA TECHNOLOGIES LIMITED JAMES COWPER KRESTON 2 CHAWLEY PARK, CUMNOR HILL, OXFORD, ENGLAND, OX2 9GG 08482911 2018-03-31 220,910 0
PHAI SERVICES LIMITED 10 MANOR GARDENS, CHENEY MANOR, SWINDON, WILTSHIRE, ENGLAND, SN2 2ND 10439376 2018-05-04 143,997 0
TEECEE CONTRACTS LTD 44 HIGH STREET, CROUGHTON, BRACKLEY, ENGLAND, NN13 5LT 07942878 2018-02-28 123,889 0 62020-Information technology consultancy activities
62030-Computer facilities management activities
69202-Bookkeeping activities
DATA RADIO LIMITED 19 GUILD APPLETON LTD, 19 OLD HALL STREET, LIVERPOOL, UNITED KINGDOM, L3 9JQ 04780912 2017-08-31 113,759 0
RED MOBILE COMMUNICATIONS LIMITED 100 CHERRY TREE ROAD, BEACONSFIELD, ENGLAND, HP9 1BH 09407162 2019-01-31 103,184 0 62090-Other information technology service activities
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PERENNE LIMITED 1 THE CLOSE EUROPEAN SCHOOL, THAME LANE, CULHAM, ABINGDON, OXFORDSHIRE, UNITED KINGDOM, OX14 3DZ 05316692 2018-12-31 81,091 0 61300-Satellite telecommunications activities
62012-Business and domestic software development
62020-Information technology consultancy activities
TERABIT LIMITED THE MALT HOUSE, WEST STREET, ALRESFORD, HAMPSHIRE, SO24 9AB 05177934 2018-03-31 68,634 0
STUART BROWNING LIMITED 55 HIGH STREET, WALSHAW, BURY, LANCASHIRE, ENGLAND, BL8 3AG 10195212 2018-05-31 68,100 0
BOE WALTON LTD. 348 HOWLANDS, WELWYN GARDEN CITY, HERTS, UNITED KINGDOM, AL7 4HD 10624364 2018-02-28 65,520 0 61900-Other telecommunications activities
OPTIMUM RF CONSULTING LIMITED 14 CAXTON APARTMENTS, 172 CABLE STREET, LONDON, ENGLAND, E1 0EY 06831432 2019-02-28 63,686 0
SMARTER MOBILE SOLUTIONS LTD NORFOLK HOUSE, 50 BARTHOLOMEW STREET, NEWBURY, BERKSHIRE, RG14 5DU 08934495 2018-02-28 60,957 0
PRECISION MODELS AND PROJECTS LIMITED 7 THE CUTTING, BROCKHOLES, HOLMFIRTH, ENGLAND, HD9 7HL 07775885 2018-09-30 58,300 0 70229-Management consultancy activities other than financial management
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GINCEPTION SOFTWARE LTD 171 KINGSTON ROAD, TEDDINGTON, ENGLAND, TW11 9JP 08317391 2018-03-12 55,600 0 62012-Business and domestic software development
62020-Information technology consultancy activities
K JONES COMMS LTD JUSTACCOUNTS, TYRONE HOUSE HAYDOCK LANE, HAYDOCK INDUSTRIAL ESTATE, HAYDOCK, ST. HELENS, MERSEYSIDE, WA11 9UY 09161846 2018-08-31 46,605 0
PO EVOLUTIONS LTD 111 PEPLINS WAY, BROOKMANS PARK, HATFIELD, HERTFORDSHIRE, AL9 7UT 08560630 2018-06-30 40,531 0
TECHR LTD 75 STANLEY HILL, AMERSHAM, BUCKINGHAMSHIRE, HP7 9HH 09358165 2018-12-31 35,430 0
CHLOE R BRICE LIMITED 30 C MANOR PARK, LONDON, UNITED KINGDOM, SE13 5RN 10552342 2018-01-31 32,469 0
RMCOMMERCE LTD WHIMPLE STORES THE SQUARE, WHIMPLE, EXETER, ENGLAND, EX5 2SN 08376528 2019-01-31 32,000 0 62090-Other information technology service activities
GGK TECH LTD 20 MONET PLACE, AYLESBURY, BUCKS, UNITED KINGDOM, HP19 8SN 10166208 2019-05-31 31,188 0
BETA TELECOM LIMITED TERRYS GREEN FARM MALTHOUSE LANE, EARLSWOOD, SOLIHULL, WEST MIDLANDS, ENGLAND, B94 5DU 01961174 2018-03-31 24,735 0
SWEDISH WIRELESS UK LTD 4385, 06665208 - COMPANIES HOUSE DEFAULT ADDRESS, CARDIFF, CF14 8LH 06665208 2017-08-31 24,601 0 69201-Accounting and auditing activities
69202-Bookkeeping activities
69203-Tax consultancy
LTE TELECOM LTD 31 NORTHFIELD DRIVE, WOODSETTS, WORKSOP, UNITED KINGDOM, S81 8QF 10695288 2018-03-31 21,676 0
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PIRANHA MOBILE LTD 59 BROOMFIELD AVENUE, LONDON, LONDON, ENGLAND, N13 4JR 07669342 2018-06-30 8,575 0
SOLUTION IN MEDIA LTD BEN COULL, ST. ANNES HOUSE, LONDON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE, HP11 1EX 07838413 2018-11-30 8,460 0 61900-Other telecommunications activities
70210-Public relations and communications activities
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SMART GRID SOLUTIONS LTD 48 LINKSWAY DRIVE, BURY, LANCASHIRE, BL9 8EP 04718630 2018-04-30 3,000 0
WHITFIELDS CONSULTING LTD 20-22 WENLOCK ROAD, LONDON, ENGLAND, N1 7GU 09238109 2019-03-31 1,933 0 61900-Other telecommunications activities
62020-Information technology consultancy activities
SUNHILL TECHNOLOGIES LIMITED 41 GREAT PORTLAND STREET, LONDON, ENGLAND, W1W 7LA 07096619 2018-12-31 934 0
REN INDUSTRIES LTD 6 BOLINGBROKE ROAD, FLAT 2, LONDON, ENGLAND, W14 0AL 09893497 2017-11-30 417 0
PROCLAIM DIGITAL LIMITED M6 STORAGE BOOST TOLLGATE DRIVE, TOLLGATE INDUSTRIAL ESTATE, STAFFORD, STAFFORDSHIRE, UNITED KINGDOM, ST16 3HS 10851818 2018-07-31 275 0 62020-Information technology consultancy activities
73110-Advertising agencies
85600-Educational support services
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GLOBAL INTERCONNECT LTD 16C COWAN DRIVE, COWAN DRIVE, LIVERPOOL, ENGLAND, L6 2PD 08511476 2019-04-30 0 0 62020-Information technology consultancy activities
85600-Educational support services
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PERUSUS LIMITED 6 WAXHOUSE GATE, HIGH STREET, ST. ALBANS, ENGLAND, AL3 4EW 09807497 2018-05-04 0 0
RADIO FREQUENCY DESIGN LTD FONTWELL FARM FONTWELL AVENUE, EASTERGATE, CHICHESTER, WEST SUSSEX, UNITED KINGDOM, PO20 3RU 10158705 2018-05-31 0 0
SAF CONSULT LIMITED 37 RIVERSIDE ROAD, SHOREHAM-BY-SEA, WEST SUSSEX, BN43 5RB 08258139 2018-10-31 0 0
SSG UK LIMITED 5 ALDERMANBURY SQUARE, 13TH FLOOR, LONDON, ENGLAND, EC2V 7HR 05562649 2018-12-31 0 0 61300-Satellite telecommunications activities
TF CONSULTING LTD 8 NEW HOUSE PARK, ST. ALBANS, HERTFORDSHIRE, AL1 1UB 08161931 2018-07-31 0 0
ERICSSON (HOLDINGS) LIMITED C/O INTERPATH LIMITED 10, FLEET PLACE, LONDON, EC4M 7RB 00416828 0000-00-00 0 0
TELSTRA GLOBAL LIMITED 2ND FLOOR BLUE FIN, 110 SOUTHWARK STREET, LONDON, SE1 0TA 02818910 0000-00-00 0 0 61900-Other telecommunications activities

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
BOUNDLESS NETWORKS LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 1.2% 5.7% 10.0% Medium
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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