Innova Technology Solutions Uk Limited

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innova technology solutions uk limited Company Information

Live

MatureLargeDeclining

Company Number

01739576

Next Accounts

89 days late

Industry

Temporary employment agency activities

Directors

Pankaj Goel

Shareholders

volt europe holdings ltd

Group Structure

View All

Contact

Registered Address

volt house 3 chapel road, redhill, surrey, RH1 1QD

Website

www.volt.eu.com

innova technology solutions uk limited Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of INNOVA TECHNOLOGY SOLUTIONS UK LIMITED at £8.3m based on a Turnover of £26.7m and 0.31x industry multiple (adjusted for size and gross margin).

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Innova Technology Solutions Uk Limited is a live company located in surrey, RH1 1QD with a Companies House number of 01739576. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in July 1983, it's largest shareholder is volt europe holdings ltd with a 100% stake. Innova Technology Solutions Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Innova Technology Solutions Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £26.7m, make it larger than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (1.1%)

EXPORT

Innova Technology Solutions Uk Limited's latest turnover from December 2022 is £26.7 million and the company has net assets of £2.9 million. According to their latest financial statements, Innova Technology Solutions Uk Limited has 71 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Nov 2009
Turnover	26,657,196	24,002,024	27,219,772	47,056,929	49,913,603	59,685,285	66,512,631	64,237,597	60,951,699	59,147,526	56,276,104	55,073,501	44,768,389	38,352,275
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	21,122,146	20,363,852	24,893,445	43,462,549	46,364,130	54,973,466	61,338,377	59,475,477	55,892,158	54,202,282	50,984,223	49,824,831	40,116,944	34,533,080
Gross Profit	5,535,050	3,638,172	2,326,327	3,594,380	3,549,473	4,711,819	5,174,254	4,762,120	5,059,541	4,945,244	5,291,881	5,248,670	4,651,445	3,819,195
Admin Expenses	5,651,417	2,637,760	3,191,485	3,423,387	3,489,229	2,603,665	7,795,629	5,254,650	4,427,272	3,824,168	4,210,562	4,933,828	4,014,345	4,169,015
Operating Profit	-116,367	1,000,412	-865,158	170,993	60,244	2,108,154	-2,621,375	-492,530	632,269	1,121,076	1,081,319	314,842	637,100	-349,820
Interest Payable	20,365	74,160	94,958	106,561	29,367	50,233	67,994	236,186	236,903	196,076	212,811	115,157	93,490	96,007
Interest Receivable	566	6,404	20,388	23,797	29,726	66,514	71,026	23,515	122,712	27,412	27,214	32,310	25,669	0
Pre-Tax Profit	-136,166	932,656	-939,728	88,229	40,957	2,124,435	-2,618,343	-705,201	518,078	952,412	895,722	231,994	569,279	-445,827
Tax	87,186	-164,419	90,837	-92,907	46,996	-241,984	121,164	96,758	-101,887	-145,170	-149,887	-50,746	-162,974	-73,455
Profit After Tax	-48,980	768,237	-848,891	-4,678	87,953	1,882,451	-2,497,179	-608,443	416,191	807,242	745,835	181,248	406,305	-519,282
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-48,980	768,237	-848,891	-4,678	87,953	1,882,451	-2,497,179	-608,443	416,191	807,242	745,835	181,248	406,305	-519,282
Employee Costs	5,287,502	3,453,567	3,099,304	3,181,338	3,233,307	3,264,418	3,424,902	3,862,254	4,212,822	4,266,250	4,251,152	4,129,920	3,730,112	3,703,412
Number Of Employees	71	85	88	88	88	88	108	108	119	121	126	122	119	113
EBITDA*	-17,269	1,181,614	-593,597	347,369	165,341	2,233,679	-2,402,637	-329,740	795,952	1,341,782	1,342,916	529,721	799,798	-211,702

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Nov 2009
Tangible Assets	151,846	225,892	332,443	411,889	400,165	453,748	518,716	134,990	289,403	251,494	391,162	496,423	235,212	319,106
Intangible Assets	4,016	42,591	77,788	115,046	67,176	87,252	157,753	184,167	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	31,570	4,837	157,353	37,060	0	0	0	0	0	0	0	0	11,968	0
Total Fixed Assets	187,432	273,320	567,584	563,995	467,341	541,000	676,469	319,157	289,403	251,494	391,162	496,423	247,180	319,106
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,026,493	2,193,726	2,400,275	6,701,192	4,107,959	2,147,296	2,711,543	2,032,097	12,838,713	12,134,191	13,557,505	15,757,201	6,643,684	4,242,309
Group Debtors	10,972,700	21,011,599	26,690,224	21,861,278	0	14,863,933	20,059,917	19,041,099	15,899,855	13,836,008	16,669,943	15,331,373	22,064,955	33,714,866
Misc Debtors	923,844	541,159	461,264	723,321	0	2,642,993	1,998,455	2,215,764	1,462,186	1,283,170	1,012,583	951,088	252,713	299,857
Cash	1,335,625	874,307	6,118,502	5,231,920	2,844,466	5,082,451	6,516,377	5,238,252	210,179	368,562	1,804,582	223,731	1,735,815	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	14,258,662	24,620,791	35,670,265	34,517,711	24,870,854	24,736,673	31,286,292	28,527,212	30,410,933	27,621,931	33,044,613	32,263,393	30,697,167	38,257,032
total assets	14,446,094	24,894,111	36,237,849	35,081,706	25,338,195	25,277,673	31,962,761	28,846,369	30,700,336	27,873,425	33,435,775	32,759,816	30,944,347	38,576,138
Bank overdraft	755,366	2,317,488	14,154,257	9,462,515	828,646	2,584,767	1,993,468	83,568	1,580,488	727,471	0	682,237	0	2,160,023
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	107,329	668,701	963,869	2,637,799	2,039,779	2,134,582	3,764,896	3,218,218	3,942,234	2,528,487	2,865,159	3,152,349	4,759,615	3,717,001
Group/Directors Accounts	9,667,688	17,857,236	18,114,062	19,423,228	0	17,278,152	24,711,045	21,415,924	20,268,234	19,664,484	26,001,700	26,151,006	22,847,989	30,389,542
other short term finances	0	0	0	0	19,344,314	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,047,009	1,133,004	856,216	559,828	0	816,468	912,099	1,050,227	1,222,506	1,674,101	2,051,086	1,056,618	1,800,385	1,179,519
total current liabilities	11,577,392	21,976,429	34,088,404	32,083,370	22,786,538	22,813,969	31,381,508	25,767,937	27,013,462	24,594,543	30,917,945	31,042,210	29,407,989	37,446,085
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	8,199	54,389	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	8,199	54,389	0	0	0
total liabilities	11,577,392	21,976,429	34,088,404	32,083,370	22,786,538	22,813,969	31,381,508	25,767,937	27,013,462	24,602,742	30,972,334	31,042,210	29,407,989	37,446,085
net assets	2,868,702	2,917,682	2,149,445	2,998,336	2,551,657	2,463,704	581,253	3,078,432	3,686,874	3,270,683	2,463,441	1,717,606	1,536,358	1,130,053
total shareholders funds	2,868,702	2,917,682	2,149,445	2,998,336	2,551,657	2,463,704	581,253	3,078,432	3,686,874	3,270,683	2,463,441	1,717,606	1,536,358	1,130,053

	Dec 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Nov 2009
Operating Activities
Operating Profit	-116,367	1,000,412	-865,158	170,993	60,244	2,108,154	-2,621,375	-492,530	632,269	1,121,076	1,081,319	314,842	637,100	-349,820
Depreciation	99,098	181,202	210,753	116,417	105,097	125,525	218,738	162,790	163,683	220,706	261,597	214,879	162,698	138,118
Amortisation	0	0	60,808	59,959	0	0	0	0	0	0	0	0	0	0
Tax	87,186	-164,419	90,837	-92,907	46,996	-241,984	121,164	96,758	-101,887	-145,170	-149,887	-50,746	-162,974	-73,455
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-10,796,714	-5,957,795	386,265	25,214,892	-15,546,263	-5,115,693	1,480,955	-6,911,794	2,947,385	-3,986,662	-799,631	3,066,342	-9,283,712	38,257,032
Creditors	-561,372	-295,168	-1,673,930	598,020	-94,803	-1,630,314	546,678	-724,016	1,413,747	-336,672	-287,190	-1,607,266	1,042,614	3,717,001
Accruals and Deferred Income	-85,995	276,788	296,388	559,828	-816,468	-95,631	-138,128	-172,279	-451,595	-376,985	994,468	-743,767	620,866	1,179,519
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	10,219,264	6,956,610	-2,266,567	-23,802,582	14,847,329	5,381,443	-3,353,878	5,782,517	-1,291,168	4,469,617	2,699,938	-4,938,400	11,584,016	-33,645,669
Investing Activities
capital expenditure	13,523	-39,454	-154,857	-235,970	-31,438	9,944	-576,050	-192,544	-201,592	-81,038	-156,336	-476,090	-78,804	-457,224
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	13,523	-39,454	-154,857	-235,970	-31,438	9,944	-576,050	-192,544	-201,592	-81,038	-156,336	-476,090	-78,804	-457,224
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-8,189,548	-256,826	-1,309,166	19,423,228	-17,278,152	-7,432,893	3,295,121	1,147,690	603,750	-6,337,216	-149,306	3,303,017	-7,541,553	30,389,542
Other Short Term Loans	0	0	0	-19,344,314	19,344,314	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-8,199	-46,190	54,389	0	0	0
share issue	0	0	0	451,357	0	0	0	1	0	0	0	0	0	1,649,335
interest	-19,799	-67,756	-74,570	-82,764	359	16,281	3,032	-212,671	-114,191	-168,664	-185,597	-82,847	-67,821	-96,007
cash flow from financing	-8,209,347	-324,582	-1,383,736	447,507	2,066,521	-7,416,612	3,298,153	935,020	481,360	-6,552,070	-280,514	3,220,170	-7,609,374	31,942,870
cash and cash equivalents
cash	461,318	-5,244,195	886,582	2,387,454	-2,237,985	-1,433,926	1,278,125	5,028,073	-158,383	-1,436,020	1,580,851	-1,512,084	1,735,815	0
overdraft	-1,562,122	-11,836,769	4,691,742	8,633,869	-1,756,121	591,299	1,909,900	-1,496,920	853,017	727,471	-682,237	682,237	-2,160,023	2,160,023
change in cash	2,023,440	6,592,574	-3,805,160	-6,246,415	-481,864	-2,025,225	-631,775	6,524,993	-1,011,400	-2,163,491	2,263,088	-2,194,321	3,895,838	-2,160,023

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INNOVA TECHNOLOGY SOLUTIONS UK LIMITED group structure

Innova Technology Solutions Uk Limited has no subsidiary companies.

Ultimate parent company

VOLT INFORMATION SCIENCES INC

#0018014

VOLT EUROPE HOLDINGS LIMITED

01358234

2 parents

INNOVA TECHNOLOGY SOLUTIONS UK LIMITED

01739576

INNOVA TECHNOLOGY SOLUTIONS UK LIMITED Shareholders

volt europe holdings ltd

100%

Innova Technology Solutions Uk Limited currently has 1 director, Mr Pankaj Goel serving since Jun 2024.

officer	country	age	start	end	role
Mr Pankaj Goel	England	53 years	Jun 2024	-	Director

P&L

December 2022

turnover

26.7m

+11%

operating profit

-116.4k

-112%

gross margin

20.8%

+36.98%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

2.9m

-0.02%

total assets

14.4m

-0.42%

cash

1.3m

+0.53%

net assets

Total assets minus all liabilities

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company number

01739576

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

July 1983

ultimate parent company

VOLT INFORMATION SCIENCES INC

previous names

volt europe limited (August 2024)

gatton volt consulting group limited (June 2010)

address

volt house 3 chapel road, redhill, surrey, RH1 1QD

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 found 7 charges/mortgages relating to innova technology solutions uk limited. Currently there are 2 open charges and 5 have been satisfied in the past.

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innova technology solutions uk limited Company Information

innova technology solutions uk limited Estimated Valuation

innova technology solutions uk limited Estimated Valuation

innova technology solutions uk limited Estimated Valuation

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INNOVA TECHNOLOGY SOLUTIONS UK LIMITED financials

innova technology solutions uk limited Credit Report and Business Information

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innova technology solutions uk limited company details

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