UK Companies House feature
PING NETWORK SOLUTIONS LIMITED
Cash
£3M
-43.4% vs 2023
Net assets
£5M
-15.9% vs 2023
Employees
103
+7.3% vs 2023
Profit before tax
£1M
-41.4% vs 2023
Profile
- Company number
- SC365069
- Status
- Active
- Incorporation
- 2009-09-04
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62030
Net assets
7-year trend · vs UK AI & Enterprise SaaS median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2019-01-31 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £19,069,361 | £25,726,613 | £25,487,609 | |
| Operating profit | — | — | — | — | £1,811,303 | £2,420,045 | £1,419,155 | |
| Profit before tax | — | — | — | — | £1,809,294 | £2,435,479 | £1,428,163 | |
| Net profit | — | — | — | — | £1,773,659 | £1,862,987 | £1,071,122 | |
| Cash | — | — | — | — | £3,150,801 | £5,122,477 | £2,901,881 | |
| Total assets less current liabilities | — | — | — | — | £5,485,998 | £6,636,720 | £5,641,148 | |
| Net assets | — | — | — | — | £3,983,720 | £5,846,707 | £4,917,829 | |
| Equity | £711,399 | £1,097,272 | £1,392,971 | £1,747,881 | £3,983,720 | — | — | |
| Average employees | — | — | — | — | 77 | 96 | 103 | |
| Wages | — | — | — | — | £3,945,245 | £5,757,439 | £6,753,952 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Brebners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. As such, having made enquiries, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 1 January 2025 the trade and assets of the company were hived across into Sword IT Solutions Limited at their book value.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. 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 77 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 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 |
| 2022-09-28 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
20.1
COLD
/ 100
- Filings velocity 17
- Capital events 0
- Officer churn 0
- Headcount trajectory 57
- Accounts trajectory 49
- 2 filing(s) in last 12 months
- Employees +7% YoY
- Turnover -1% YoY