novar systems limited
novar systems limited Company Information
Company Number
00264047
Next Accounts
Sep 2025
Shareholders
novar ltd
novar electrical holdings ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
honeywell house, skimped hill lane, bracknell, berks, RG12 1EB
Website
http://honeywell.comnovar systems limited Estimated Valuation
Pomanda estimates the enterprise value of NOVAR SYSTEMS LIMITED at £78.4m based on a Turnover of £80.8m and 0.97x industry multiple (adjusted for size and gross margin).
novar systems limited Estimated Valuation
Pomanda estimates the enterprise value of NOVAR SYSTEMS LIMITED at £24.2m based on an EBITDA of £3.4m and a 7.1x industry multiple (adjusted for size and gross margin).
novar systems limited Estimated Valuation
Pomanda estimates the enterprise value of NOVAR SYSTEMS LIMITED at £822.8m based on Net Assets of £385.7m and 2.13x industry multiple (adjusted for liquidity).
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Novar Systems Limited Overview
Novar Systems Limited is a live company located in bracknell, RG12 1EB with a Companies House number of 00264047. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 1932, it's largest shareholder is novar ltd with a 99.8% stake. Novar Systems Limited is a mature, large sized company, Pomanda has estimated its turnover at £80.8m with low growth in recent years.
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Novar Systems Limited Health Check
Pomanda's financial health check has awarded Novar Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £80.8m, make it larger than the average company (£4.8m)
£80.8m - Novar Systems Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.7%)
1% - Novar Systems Limited
6.7% - Industry AVG
Production
with a gross margin of 22.6%, this company has a higher cost of product (38.2%)
22.6% - Novar Systems Limited
38.2% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (5.7%)
3.2% - Novar Systems Limited
5.7% - Industry AVG
Employees
with 199 employees, this is above the industry average (27)
199 - Novar Systems Limited
27 - Industry AVG
Pay Structure
on an average salary of £74.4k, the company has a higher pay structure (£53.9k)
£74.4k - Novar Systems Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £406.2k, this is more efficient (£171.3k)
£406.2k - Novar Systems Limited
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (42 days)
67 days - Novar Systems Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (32 days)
10 days - Novar Systems Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (33 days)
0 days - Novar Systems Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 101 weeks, this is more cash available to meet short term requirements (22 weeks)
101 weeks - Novar Systems Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.7%, this is a lower level of debt than the average (62.6%)
19.7% - Novar Systems Limited
62.6% - Industry AVG
NOVAR SYSTEMS LIMITED financials
Novar Systems Limited's latest turnover from December 2023 is £80.8 million and the company has net assets of £385.7 million. According to their latest financial statements, Novar Systems Limited has 199 employees and maintains cash reserves of £91.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 80,842,000 | 74,644,000 | 83,454,000 | 77,757,000 | 79,919,000 | 77,924,000 | 73,276,000 | 69,703,000 | 65,462,000 | 61,510,000 | 60,824,000 | 59,837,000 | 64,758,000 | 67,813,000 | 54,181,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 62,545,000 | 48,945,000 | 45,538,000 | 41,578,000 | 43,667,000 | 43,673,000 | 41,155,000 | 38,471,000 | 37,184,000 | 37,210,000 | 37,707,000 | 39,617,000 | 41,467,000 | 44,598,000 | 32,079,000 |
| Gross Profit | 18,297,000 | 25,699,000 | 37,916,000 | 36,179,000 | 36,252,000 | 34,251,000 | 32,121,000 | 31,232,000 | 28,278,000 | 24,300,000 | 23,117,000 | 20,220,000 | 23,291,000 | 23,215,000 | 22,102,000 |
| Admin Expenses | 15,718,000 | 15,334,000 | 14,207,000 | 13,171,000 | 13,489,000 | 15,876,000 | 11,846,000 | 12,222,000 | 13,976,000 | 12,960,000 | 12,814,000 | 12,255,000 | 11,395,000 | 36,220,000 | 11,835,000 |
| Operating Profit | 2,579,000 | 10,365,000 | 23,709,000 | 23,008,000 | 22,763,000 | 18,375,000 | 20,275,000 | 19,010,000 | 14,302,000 | 11,340,000 | 10,303,000 | 7,965,000 | 11,896,000 | -13,005,000 | 10,267,000 |
| Interest Payable | 1,325,000 | 1,327,000 | 1,302,000 | 1,274,000 | 1,281,000 | 1,275,000 | 1,265,000 | 1,265,000 | 1,280,000 | 1,301,000 | 16,755,000 | 1,291,000 | 1,286,000 | 1,271,000 | 1,265,000 |
| Interest Receivable | 23,927,000 | 10,188,000 | 3,038,000 | 3,543,000 | 4,765,000 | 3,484,000 | 2,006,000 | 2,460,000 | 1,831,000 | 1,418,000 | 20,283,000 | 3,298,000 | 534,000 | 356,000 | 33,000 |
| Pre-Tax Profit | 25,181,000 | 19,226,000 | 224,960,000 | 25,277,000 | 26,247,000 | 20,584,000 | 21,016,000 | 20,205,000 | 14,853,000 | 11,457,000 | 13,831,000 | 9,972,000 | 15,044,000 | -13,920,000 | 9,035,000 |
| Tax | -1,407,000 | -582,000 | -47,685,000 | -2,615,000 | -582,000 | -2,041,000 | -1,385,000 | -2,587,000 | -2,770,000 | -2,584,000 | -4,120,000 | -1,861,000 | -1,840,000 | 1,120,000 | -466,000 |
| Profit After Tax | 23,774,000 | 18,644,000 | 177,275,000 | 22,662,000 | 25,665,000 | 18,543,000 | 19,631,000 | 17,618,000 | 12,083,000 | 8,873,000 | 9,711,000 | 8,111,000 | 13,204,000 | -12,800,000 | 8,569,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 23,774,000 | 18,644,000 | 177,275,000 | 22,662,000 | 25,665,000 | 18,543,000 | 19,631,000 | 17,618,000 | 12,083,000 | 8,873,000 | 9,711,000 | 8,111,000 | 13,204,000 | -12,800,000 | 8,569,000 |
| Employee Costs | 14,804,000 | 14,152,000 | 11,439,000 | 11,804,000 | 12,899,000 | 14,922,000 | 14,819,000 | 17,411,000 | 16,966,000 | 16,983,000 | 18,465,000 | 17,965,000 | 20,207,000 | 43,955,000 | 18,175,000 |
| Number Of Employees | 199 | 194 | 171 | 209 | 229 | 262 | 274 | 303 | 326 | 343 | 357 | 366 | 460 | 427 | 433 |
| EBITDA* | 3,408,000 | 10,819,000 | 24,378,000 | 23,063,000 | 22,792,000 | 18,427,000 | 20,355,000 | 19,091,000 | 14,367,000 | 11,453,000 | 10,507,000 | 8,241,000 | 12,212,000 | -12,686,000 | 10,618,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,485,000 | 4,232,000 | 5,511,000 | 485,000 | 928,000 | 150,000 | 124,000 | 174,000 | 235,000 | 432,000 | 546,000 | 533,000 | 770,000 | 853,000 | 913,000 |
| Intangible Assets | 3,221,000 | 3,799,000 | |||||||||||||
| Investments & Other | 111,256,000 | 147,630,000 | 217,387,000 | 160,934,000 | 123,121,000 | 119,393,000 | 102,496,000 | 47,438,000 | 42,336,000 | 27,651,000 | 7,882,000 | ||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 118,962,000 | 155,661,000 | 222,898,000 | 161,419,000 | 124,049,000 | 119,543,000 | 102,620,000 | 47,612,000 | 42,571,000 | 28,083,000 | 8,428,000 | 533,000 | 770,000 | 853,000 | 913,000 |
| Stock & work in progress | 49,000 | 163,000 | 2,375,000 | 1,198,000 | 1,232,000 | 1,353,000 | 1,180,000 | 1,290,000 | 1,233,000 | 1,030,000 | 1,338,000 | 1,242,000 | 1,304,000 | 1,794,000 | 2,280,000 |
| Trade Debtors | 14,925,000 | 15,799,000 | 11,628,000 | 11,341,000 | 10,640,000 | 11,834,000 | 9,446,000 | 9,109,000 | 7,711,000 | 7,020,000 | 6,809,000 | 7,384,000 | 8,885,000 | 9,382,000 | 10,368,000 |
| Group Debtors | 253,651,000 | 236,593,000 | 84,692,000 | 81,832,000 | 81,058,000 | 81,904,000 | 48,055,000 | 42,342,000 | 40,404,000 | 40,004,000 | 39,335,000 | 39,056,000 | 39,031,000 | 40,323,000 | 5,550,000 |
| Misc Debtors | 1,558,000 | 1,500,000 | 1,178,000 | 1,243,000 | 265,000 | 224,000 | 962,000 | 936,000 | 878,000 | 572,000 | 2,847,000 | 4,340,000 | 2,050,000 | 2,839,000 | 2,106,000 |
| Cash | 91,257,000 | 96,180,000 | 264,664,000 | 42,597,000 | 25,921,000 | 233,000 | 16,231,000 | 15,384,000 | 11,024,000 | 5,264,000 | 7,089,000 | 5,920,000 | 8,632,000 | 44,118,000 | |
| misc current assets | |||||||||||||||
| total current assets | 361,440,000 | 350,235,000 | 364,537,000 | 138,211,000 | 119,116,000 | 95,548,000 | 75,874,000 | 69,061,000 | 61,250,000 | 53,890,000 | 57,418,000 | 57,942,000 | 59,902,000 | 54,338,000 | 64,422,000 |
| total assets | 480,402,000 | 505,896,000 | 587,435,000 | 299,630,000 | 243,165,000 | 215,091,000 | 178,494,000 | 116,673,000 | 103,821,000 | 81,973,000 | 65,846,000 | 58,475,000 | 60,672,000 | 55,191,000 | 65,335,000 |
| Bank overdraft | 2,674,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,791,000 | 1,438,000 | 3,851,000 | 3,084,000 | 3,303,000 | 4,283,000 | 3,570,000 | 4,417,000 | 3,832,000 | 3,791,000 | 3,874,000 | 3,894,000 | 4,088,000 | 6,548,000 | 6,626,000 |
| Group/Directors Accounts | 17,220,000 | 14,660,000 | 2,795,000 | 3,817,000 | 9,258,000 | 7,750,000 | 1,143,000 | 3,685,000 | 2,291,000 | 1,642,000 | 5,633,000 | 6,069,000 | 4,210,000 | 6,432,000 | 8,232,000 |
| other short term finances | 6,681,000 | 5,560,000 | 3,462,000 | ||||||||||||
| hp & lease commitments | 492,000 | 634,000 | 245,000 | 310,000 | |||||||||||
| other current liabilities | 27,465,000 | 32,037,000 | 70,456,000 | 25,842,000 | 24,681,000 | 25,128,000 | 22,413,000 | 21,685,000 | 20,276,000 | 18,798,000 | 17,684,000 | 16,958,000 | 17,268,000 | 14,243,000 | 12,911,000 |
| total current liabilities | 46,968,000 | 55,450,000 | 82,662,000 | 36,450,000 | 37,552,000 | 37,161,000 | 27,126,000 | 29,787,000 | 26,399,000 | 24,231,000 | 27,191,000 | 26,921,000 | 25,566,000 | 29,897,000 | 27,769,000 |
| loans | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 17,220,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 | 16,868,000 |
| hp & lease commitments | 3,453,000 | 3,908,000 | 4,480,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 27,381,000 | 36,412,000 | 54,046,000 | 30,685,000 | 20,610,000 | 20,184,000 | 16,966,000 | 8,783,000 | 8,374,000 | 4,651,000 | 1,165,000 | 1,277,000 | 1,623,000 | 1,953,000 | 1,425,000 |
| total long term liabilities | 47,702,000 | 57,188,000 | 75,394,000 | 47,553,000 | 37,830,000 | 37,052,000 | 33,834,000 | 25,651,000 | 25,242,000 | 21,519,000 | 18,033,000 | 30,223,000 | 34,916,000 | 18,821,000 | 18,293,000 |
| total liabilities | 94,670,000 | 112,638,000 | 158,056,000 | 84,003,000 | 75,382,000 | 74,213,000 | 60,960,000 | 55,438,000 | 51,641,000 | 45,750,000 | 45,224,000 | 57,144,000 | 60,482,000 | 48,718,000 | 46,062,000 |
| net assets | 385,732,000 | 393,258,000 | 429,379,000 | 215,627,000 | 167,783,000 | 140,878,000 | 117,534,000 | 61,235,000 | 52,180,000 | 36,223,000 | 20,622,000 | 1,331,000 | 190,000 | 6,473,000 | 19,273,000 |
| total shareholders funds | 385,732,000 | 393,258,000 | 429,379,000 | 215,627,000 | 167,783,000 | 140,878,000 | 117,534,000 | 61,235,000 | 52,180,000 | 36,223,000 | 20,622,000 | 1,331,000 | 190,000 | 6,473,000 | 19,273,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,579,000 | 10,365,000 | 23,709,000 | 23,008,000 | 22,763,000 | 18,375,000 | 20,275,000 | 19,010,000 | 14,302,000 | 11,340,000 | 10,303,000 | 7,965,000 | 11,896,000 | -13,005,000 | 10,267,000 |
| Depreciation | 333,000 | 454,000 | 669,000 | 55,000 | 29,000 | 52,000 | 80,000 | 81,000 | 65,000 | 113,000 | 204,000 | 276,000 | 316,000 | 319,000 | 351,000 |
| Amortisation | 496,000 | ||||||||||||||
| Tax | -1,407,000 | -582,000 | -47,685,000 | -2,615,000 | -582,000 | -2,041,000 | -1,385,000 | -2,587,000 | -2,770,000 | -2,584,000 | -4,120,000 | -1,861,000 | -1,840,000 | 1,120,000 | -466,000 |
| Stock | -114,000 | -2,212,000 | 1,177,000 | -34,000 | -121,000 | 173,000 | -110,000 | 57,000 | 203,000 | -308,000 | 96,000 | -62,000 | -490,000 | -486,000 | 2,280,000 |
| Debtors | 16,242,000 | 156,394,000 | 3,082,000 | 2,453,000 | -1,999,000 | 35,499,000 | 6,076,000 | 3,394,000 | 1,397,000 | -1,395,000 | -1,789,000 | 814,000 | -2,578,000 | 34,520,000 | 18,024,000 |
| Creditors | 353,000 | -2,413,000 | 767,000 | -219,000 | -980,000 | 713,000 | -847,000 | 585,000 | 41,000 | -83,000 | -20,000 | -194,000 | -2,460,000 | -78,000 | 6,626,000 |
| Accruals and Deferred Income | -4,572,000 | -38,419,000 | 44,614,000 | 1,161,000 | -447,000 | 2,715,000 | 728,000 | 1,409,000 | 1,478,000 | 1,114,000 | 726,000 | -310,000 | 3,025,000 | 1,332,000 | 12,911,000 |
| Deferred Taxes & Provisions | -9,031,000 | -17,634,000 | 23,361,000 | 10,075,000 | 426,000 | 3,218,000 | 8,183,000 | 409,000 | 3,723,000 | 3,486,000 | -112,000 | -346,000 | -330,000 | 528,000 | 1,425,000 |
| Cash flow from operations | -27,377,000 | -202,411,000 | 41,176,000 | 29,046,000 | 23,329,000 | -12,640,000 | 21,068,000 | 15,456,000 | 15,239,000 | 15,089,000 | 8,674,000 | 4,778,000 | 13,675,000 | -43,818,000 | 10,810,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -36,374,000 | -69,757,000 | 56,453,000 | 37,813,000 | 3,728,000 | 16,897,000 | 55,058,000 | 5,102,000 | 14,685,000 | 19,769,000 | 7,882,000 | ||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 2,560,000 | 11,865,000 | -1,022,000 | -5,441,000 | 1,508,000 | 6,607,000 | -2,542,000 | 1,394,000 | 649,000 | -3,991,000 | -436,000 | 1,859,000 | -2,222,000 | -1,800,000 | 8,232,000 |
| Other Short Term Loans | -6,681,000 | 1,121,000 | 2,098,000 | 3,462,000 | |||||||||||
| Long term loans | -352,000 | 352,000 | 16,868,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -597,000 | 62,000 | 4,235,000 | -65,000 | 310,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 22,602,000 | 8,861,000 | 1,736,000 | 2,269,000 | 3,484,000 | 2,209,000 | 741,000 | 1,195,000 | 551,000 | 117,000 | 3,528,000 | 2,007,000 | -752,000 | -915,000 | -1,232,000 |
| cash flow from financing | -13,416,000 | -32,856,000 | 43,524,000 | 25,055,000 | 6,894,000 | 13,617,000 | 34,867,000 | -5,974,000 | 5,074,000 | 2,854,000 | 12,672,000 | -3,104,000 | -22,461,000 | -2,715,000 | 34,572,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -4,923,000 | -168,484,000 | 222,067,000 | 16,676,000 | 25,688,000 | -15,998,000 | 847,000 | 4,360,000 | 5,760,000 | -1,825,000 | 1,169,000 | -2,712,000 | 8,632,000 | -44,118,000 | 44,118,000 |
| overdraft | -2,674,000 | 2,674,000 | |||||||||||||
| change in cash | -4,923,000 | -168,484,000 | 222,067,000 | 16,676,000 | 25,688,000 | -15,998,000 | 847,000 | 4,360,000 | 5,760,000 | -1,825,000 | 1,169,000 | -2,712,000 | 11,306,000 | -46,792,000 | 44,118,000 |
novar systems limited Credit Report and Business Information
Novar Systems Limited Competitor Analysis
Perform a competitor analysis for novar systems limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in RG12 area or any other competitors across 12 key performance metrics.
novar systems limited Ownership
NOVAR SYSTEMS LIMITED group structure
Novar Systems Limited has no subsidiary companies.
Ultimate parent company
HONEYWELL INTERNATIONAL INC
#0030355
2 parents
NOVAR SYSTEMS LIMITED
00264047
novar systems limited directors
Novar Systems Limited currently has 2 directors. The longest serving directors include Mr David Kay (Oct 2016) and Mr David Juggins (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Kay | 52 years | Oct 2016 | - | Director | |
| Mr David Juggins | 53 years | Jul 2017 | - | Director |
P&L
December 2023turnover
80.8m
+8%
operating profit
2.6m
-75%
gross margin
22.7%
-34.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
385.7m
-0.02%
total assets
480.4m
-0.05%
cash
91.3m
-0.05%
net assets
Total assets minus all liabilities
Similar Companies
novar systems limited company details
company number
00264047
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 1932
age
93
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
gent limited (July 2004)
caradon gent limited (December 2000)
See moreaccountant
-
auditor
DELOITTE LLP
address
honeywell house, skimped hill lane, bracknell, berks, RG12 1EB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
novar systems limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to novar systems limited.
novar systems limited Capital Raised & Share Issues BETA
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novar systems limited Companies House Filings - See Documents
| date | description | view/download |
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