TELIT COMMUNICATIONS LIMITED Credit Check Report

Company Overview

Telit Communications Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 30 November 2004, so this is a well established company. Telit Communications Limited has been in business for 21 years and 4 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 30 September 2026.

Registered Address

Cannon Place, 78 Cannon Street, London, EC4N 6AF

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Companies House Data

Company Name	TELIT COMMUNICATIONS LIMITED
Company Number	05300693
Registered Office Address	Cannon Place, 78 Cannon Street
	EC4N 6AF
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	30/11/2004
Accounting Reference Date Day	31
Accounting Reference Date Month	12
Accounts Next Due Date	30/09/2026
Accounts Last Made Up Date	31/12/2024
Accounts Account Category	AUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date	28/12/2016
Returns Last Made Up Date	30/11/2015

Directors & Members

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	Julian Addison - Director (British, 53 years old, born April 1973) Appointed 31 August 2021	Active
	Yitzhak Apeloig - Director (Israeli, 67 years old, born June 1959) Appointed 30 November 2004, Resigned 30 September 2005	Resigned
	Inbal Barak Etzion - Director (Israeli, 54 years old, born January 1972) Appointed 19 January 2005, Resigned 26 July 2006	Resigned
	Pnina Bitterman-Cohen - Director (Israeli, 75 years old, born February 1951) Appointed 26 July 2006, Resigned 04 May 2007	Resigned
	Sergio Buonanno - Director (Italian, 56 years old, born October 1970) Appointed 05 July 2012, Resigned 11 March 2014	Resigned
	Oozi Cats - Director (Israeli, 65 years old, born April 1961) Appointed 30 November 2004, Resigned 13 August 2017	Resigned
	Yariv Dafna - Director (British, 52 years old, born January 1974) Appointed 30 June 2010, Resigned 23 June 2011	Resigned
	Yariv Dafna - Director (Israeli, 52 years old, born January 1974) Appointed 28 November 2017, Resigned 07 September 2020	Resigned
	Paolo Dal Pino - Director (Italian, 64 years old, born June 1962) Appointed 01 September 2018	Active
	Anthony Dixon - Director (British, 63 years old, born July 1963) Appointed 23 October 2019, Resigned 31 August 2021	Resigned
	Simon Duffy - Director (British, 77 years old, born November 1949) Appointed 28 November 2017, Resigned 31 August 2021	Resigned
	Yosi Fait - Director (Israeli, 65 years old, born July 1961) Appointed 23 June 2011, Resigned 20 September 2018	Resigned
	Michael Galai - Director (Israeli/British, 60 years old, born October 1966) Appointed 13 September 2007, Resigned 30 June 2010	Resigned
	Maurizio Gasparri - Director (Italian, 70 years old, born July 1956) Appointed 17 July 2006, Resigned 13 February 2009	Resigned
	Davidi Gilo - Director (American Israeli, 69 years old, born February 1957) Appointed 23 May 2011, Resigned 31 December 2017	Resigned
	Miriam Greenwood - Director (British, 72 years old, born April 1954) Appointed 05 March 2018, Resigned 01 September 2018	Resigned
	Michael Haxby - Director (British, 54 years old, born April 1972) Appointed 31 August 2021	Active
	David Hobley - Director (British, 80 years old, born December 1946) Appointed 28 February 2005, Resigned 16 April 2007	Resigned
	Avraham Israel - Director (Israeli, 62 years old, born November 1964) Appointed 16 September 2005, Resigned 13 September 2007	Resigned
	Avi Israel - Director (Israeli, 62 years old, born November 1964) Appointed 30 November 2004, Resigned 19 January 2005	Resigned
	Avigdor Kelner - Director (Israeli, 83 years old, born November 1943) Appointed 30 September 2005, Resigned 04 May 2007	Resigned
	Richard Kilsby - Director (British, 75 years old, born December 1951) Appointed 28 November 2017, Resigned 25 June 2018	Resigned
	Suvi Linden - Director (Finnish, 64 years old, born April 1962) Appointed 12 October 2018, Resigned 06 June 2019	Resigned
	Shlomo Liran - Director (Israeli, 75 years old, born June 1951) Appointed 05 March 2018, Resigned 25 June 2018	Resigned
	Andrea Mandel Mantello - Director (Austrian, 68 years old, born September 1958) Appointed 28 February 2005, Resigned 02 March 2007	Resigned
	Andrea Mandel Mantello - Director (Austrian, 68 years old, born September 1958) Appointed 02 February 2007, Resigned 23 May 2011	Resigned
	Nicola Miglietta - Director (Italian, 59 years old, born October 1967) Appointed 23 May 2011, Resigned 19 June 2014	Resigned
	Marco Patuano - Director (Italian, 62 years old, born June 1964) Appointed 28 August 2019, Resigned 31 August 2021	Resigned
	Adam Power - Director (British,Australian, 57 years old, born April 1969) Appointed 12 October 2018, Resigned 01 July 2019	Resigned
	Lars Reger - Director (German, 56 years old, born December 1970) Appointed 01 April 2014, Resigned 12 October 2018	Resigned

Secretaries

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	Ron Belkine - Secretary (British) Appointed 08 July 2013, Resigned 28 May 2014	Resigned
	Michael Galai - Secretary (British) Appointed 28 May 2014, Resigned 25 October 2018	Resigned
	Michael Galai - Secretary (Israeli/British) Appointed 18 December 2006, Resigned 16 January 2012	Resigned
	Shiri Miller - Secretary Appointed 25 October 2018, Resigned 07 August 2019	Resigned
	Daniel Neiger - Secretary Appointed 07 August 2019, Resigned 28 February 2022	Resigned

Other Company Directorships

Julian Addison
AEGROS BIDCO LIMITED
AEGROS HOLDCO 1 LIMITED
AEGROS HOLDCO 2 LIMITED
AEGROS HOLDCO 3 LIMITED
ANEXO GROUP LIMITED
ARGO BIDCO LIMITED
ARGO EQUITYCO LIMITED
ARGO HOLDCO LIMITED
ARGO MIDCO LIMITED
ARGO TOPCO LIMITED
DBAY UK LIMITED
NOTANO TOPCO LIMITED
TELIT IOT LTD
TELIT IOT SOLUTIONS HOLDING LTD
TELIT IOT SOLUTIONS LTD

Paolo Dal Pino
No companies found

Michael Haxby
No companies found

Balance Sheet

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Accounts Date	31-Dec-2024	31-Dec-2013	31-Dec-2012
Balance Sheet
Fixed Assets	41,177,984	41,177,984	31,382,699
Current Assets	70,277,242	70,277,242	63,411,710
Creditors Due Within One Year	48,326,022	48,326,022	45,045,330
Working Cap	21,951,220	21,951,220	18,366,380
Total Assets Less Current Liabilities	63,129,204	63,129,204	49,749,079
Long-term Liabilities	16,907,645	16,907,645	11,151,079
Net Assets	46,221,559	46,221,559	38,598,000
Share Capital & Reserves
Share Cap	1,047,552	1,047,552	1,041,703
Profit & Loss Reserves	2,445,458	2,445,458	-4,383,225
Other Reserves	42,728,549	42,728,549	41,939,522
Shareholders Funds	46,221,559	46,221,559	38,598,000

Common Size Financial Analysis

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Accounts Date	31-Dec-2024	31-Dec-2013	31-Dec-2012
Tangible Fixed Assets	-	-	-
Fixed Assets	36.9%	36.9%	33.1%
Stocks Inventory	9.7%	9.7%	13.4%
Debtors	33.1%	33.1%	34.9%
Cash Bank In Hand	12.7%	12.7%	13.2%
Current Assets	63.1%	63.1%	66.9%
Creditors Due Within One Year	43.4%	43.4%	47.5%
Net Current Assets Liabilities	19.7%	19.7%	19.4%
Creditors Due After One Year	15.2%	15.2%	11.8%
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	41.5%	41.5%	40.7%
Called Up Share Capital	0.9%	0.9%	1.1%
Share Capital Allotted Called Up Paid	0.9%	0.9%	1.1%
Profit Loss Account Reserve	2.2%	2.2%	-4.6%
Shareholder Funds	41.5%	41.5%	40.7%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	56.6%	56.6%	52.5%

Financial Ratio Analysis

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Accounts Date	31-Dec-2024	31-Dec-2013	31-Dec-2012
Liquidity Ratio	1.5	1.5	1.4
Solvency Ratio	1.7	1.7	1.7
Reserves to Assets	0.0	0.0	0.0

Secured Creditors

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Mortgages Charges	15
Mortgages Outstanding	9
Mortgages Part Satisfied	0
Mortgages Satisfied	6

Assets and Debt Analysis

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Accounts Date	31-Dec-2024	31-Dec-2013	31-Dec-2012
Assets	111,455,226	111,455,226	94,794,409
Debt	65,233,667	65,233,667	56,196,409
Net Assets/Debt	46,221,559	46,221,559	38,598,000

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The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

Other Business around EC4N 6AF

	VIRIDIAN THERAPEUTICS EUROPE LIMITED Cannon Place, 78 Cannon Street, London, EC4N 6AF
	CHAPPELL-MORRIS LIMITED CANNON PLACE, 78, CANNON STREET, LONDON, EC4N 6AF
	SIMPSON'S-IN-THE-STRAND (348446) LIMITED C/O CMS CAMERON MCKENNA NABARRO OLSWANG LLP, 78 CANNON STREET, LONDON, EC4N 6AF
	CHAPPELL MUSIC LIMITED CANNON PLACE, 78, CANNON STREET, LONDON, EC4N 6AF
	HARD ROCK CAFE (EDINBURGH) LIMITED Cannon Place, 78 Cannon Street, London, EC4N 6AF
	WARNER CHAPPELL OVERSEAS HOLDINGS LIMITED CANNON PLACE, 78, CANNON STREET, LONDON, EC4N 6AF
	CBS ENTERPRISES (UK) LIMITED C/O FIELDFISHER RIVERBANK HOUSE, 2 SWAN LANE, LONDON, EC4N 6AF
	WARNER MUSIC ARTIST SERVICES INTERNATIONAL LIMITED Cannon Place, 78 Cannon Street, London, EC4N 6AF
	ASCHERBERG,HOPWOOD & CREW LIMITED Cannon Place, 78 Cannon Street, London, EC4N 6AF
	PARLOPHONE RECORDS LIMITED Cannon Place, 78 Cannon Street, London, EC4N 6AF

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