PING NETWORK SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-04 (in 5mo)
Last made up 2025-09-20
Watchouts
Cash
£3M
-43.4% lowest in 3 filed years
Net assets
£5M
-15.9% vs 2023
Employees
103
+7.3% highest in 3 filed years
Profit before tax
£1M
-41.4% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-01-31 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 9.5% | 9.4% | 5.6% | |
| Net margin | — | — | — | — | 9.3% | 7.2% | 4.2% | |
| Return on capital employed | — | — | — | — | 33.0% | 36.5% | 25.2% | |
| Interest cover | — | — | — | — | 411.29x | — | — |
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
- 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 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 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 |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.9%
£25,726,613 £25,487,609
-
Cash
-43.4%
£5,122,477 £2,901,881
lowest in 3 filed years
-
Net assets
-15.9%
£5,846,707 £4,917,829
-
Employees
+7.3%
96 103
highest in 3 filed years
-
Operating profit
-41.4%
£2,420,045 £1,419,155
lowest in 3 filed years
-
Profit before tax
-41.4%
£2,435,479 £1,428,163
lowest in 3 filed years
-
Wages
+17.3%
£5,757,439 £6,753,952
highest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers