Novaglass (installations) Limited

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novaglass (installations) limited Company Information

Live

MatureMicroDeclining

Company Number

02038248

Website

www.novaglass.co.uk

Registered Address

tor saint-cloud way, maidenhead, berkshire, SL6 8BN

Industry

Glazing

Telephone

01932771155

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Canary3 Years

Daniel Ryan3 Years

Shareholders

rycan exteriors ltd 100%

novaglass (installations) limited Estimated Valuation

£211.2k

Pomanda estimates the enterprise value of NOVAGLASS (INSTALLATIONS) LIMITED at £211.2k based on an EBITDA of £61.8k and a 3.42x industry multiple (adjusted for size and gross margin).

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Novaglass (installations) Limited is a live company located in berkshire, SL6 8BN with a Companies House number of 02038248. It operates in the glazing sector, SIC Code 43342. Founded in July 1986, it's largest shareholder is rycan exteriors ltd with a 100% stake. Novaglass (installations) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £327.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Novaglass (Installations) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £327.7k, make it smaller than the average company (£553.2k)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (3.4%)

EXPORT

Novaglass (Installations) Limited's latest turnover from March 2023 is estimated at £327.7 thousand and the company has net assets of £102.4 thousand. According to their latest financial statements, Novaglass (Installations) Limited has 6 employees and maintains cash reserves of £60 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	327,712	372,901	783,518	758,458	767,250	572,645	681,292	377,258	607,517	722,266	489,907	738,491	501,287	117,714
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	226,499	266,138	575,529	538,148	545,159	397,337	450,519	252,024	382,012	453,938	317,954	471,469	317,679	73,600
Gross Profit	101,213	106,763	207,989	220,310	222,091	175,309	230,773	125,234	225,505	268,327	171,952	267,022	183,609	44,114
Admin Expenses	54,180	47,977	184,045	238,166	219,558	211,675	170,988	150,140	214,706	282,853	172,211	267,544	136,669	28,117
Operating Profit	47,033	58,786	23,944	-17,856	2,533	-36,366	59,785	-24,906	10,799	-14,526	-259	-522	46,940	15,997
Interest Payable	12,361	7,129	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,450	207	0	0	0	0	20	104	96	78	102	145	113	25
Pre-Tax Profit	37,122	51,864	23,944	-17,856	2,533	-36,366	59,805	-24,802	10,895	-14,448	-157	-377	47,053	16,022
Tax	-7,053	-9,854	-4,549	0	-481	0	-11,961	0	-2,288	0	0	0	-13,175	-4,486
Profit After Tax	30,069	42,010	19,395	-17,856	2,052	-36,366	47,844	-24,802	8,607	-14,448	-157	-377	33,878	11,536
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	30,069	42,010	19,395	-17,856	2,052	-36,366	47,844	-24,802	8,607	-14,448	-157	-377	33,878	11,536
Employee Costs	168,395	192,311	184,758	185,713	197,196	134,425	184,106	131,124	191,644	190,261	158,767	234,807	152,452	46,966
Number Of Employees	6	7	7	7	7	5	7	5	7	7	6	9	6	2
EBITDA*	61,840	68,222	23,944	-17,856	2,533	-36,366	59,785	-21,840	14,365	-9,018	6,834	6,891	51,178	17,816

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	14,462	28,308	23,664	17,241	3,846	5,126	6,834	9,113	10,706	14,272	19,030	25,373	10,463	9,701
Intangible Assets	0	150,000	0	0	0	0	0	0	0	0	750	1,500	2,250	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	14,462	178,308	23,664	17,241	3,846	5,126	6,834	9,113	10,706	14,272	19,780	26,873	12,713	9,701
Stock & work in progress	30,000	23,397	0	0	0	0	0	15,937	23,803	23,459	26,485	16,540	16,770	15,786
Trade Debtors	31,613	52,896	119,693	97,208	108,549	81,312	111,506	46,532	89,373	95,898	48,506	98,335	63,954	2,503
Group Debtors	177,564	71,764	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,260	0	15,235	7,461	0	0	0	0	0	0	0	0	0	0
Cash	60,016	55,255	0	0	0	0	0	15,930	25,491	12,934	18,252	22,728	35,347	9,913
misc current assets	0	0	0	0	9,221	10,167	7,326	0	0	0	0	0	0	0
total current assets	303,453	203,312	134,928	104,669	117,770	91,479	118,832	78,399	138,667	132,291	93,243	137,603	116,071	28,202
total assets	317,915	381,620	158,592	121,910	121,616	96,605	125,666	87,512	149,373	146,563	113,023	164,476	128,784	37,903
Bank overdraft	10,000	5,854	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,167	13,578	79,915	108,937	90,469	65,830	63,585	72,275	109,334	115,131	67,143	118,439	82,370	25,367
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	5,627	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	163,201	61,661	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	182,995	81,093	79,915	108,937	90,469	65,830	63,585	72,275	109,334	115,131	67,143	118,439	82,370	25,367
loans	19,939	205,388	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	8,980	22,823	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	6,265	3,062	3,380	5,060	0	0	0	0	0	0	0	0
other liabilities	0	0	43,106	0	0	0	0	0	0	0	0	0	0	0
provisions	3,616	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	32,535	228,211	49,371	3,062	3,380	5,060	0	0	0	0	0	0	0	0
total liabilities	215,530	309,304	129,286	111,999	93,849	70,890	63,585	72,275	109,334	115,131	67,143	118,439	82,370	25,367
net assets	102,385	72,316	29,306	9,911	27,767	25,715	62,081	15,237	40,039	31,432	45,880	46,037	46,414	12,536
total shareholders funds	102,385	72,316	29,306	9,911	27,767	25,715	62,081	15,237	40,039	31,432	45,880	46,037	46,414	12,536

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	47,033	58,786	23,944	-17,856	2,533	-36,366	59,785	-24,906	10,799	-14,526	-259	-522	46,940	15,997
Depreciation	14,807	9,436	0	0	0	0	0	3,066	3,566	4,758	6,343	6,663	3,488	1,819
Amortisation	0	0	0	0	0	0	0	0	0	750	750	750	750	0
Tax	-7,053	-9,854	-4,549	0	-481	0	-11,961	0	-2,288	0	0	0	-13,175	-4,486
Stock	6,603	23,397	0	0	0	0	-15,937	-7,866	344	-3,026	9,945	-230	984	15,786
Debtors	88,777	-10,268	30,259	-3,880	27,237	-30,194	64,974	-42,841	-6,525	47,392	-49,829	34,381	61,451	2,503
Creditors	-9,411	-66,337	-29,022	18,468	24,639	2,245	-8,690	-37,059	-5,797	47,988	-51,296	36,069	57,003	25,367
Accruals and Deferred Income	101,540	55,396	3,203	-318	-1,680	5,060	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	3,616	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	55,152	34,298	-36,683	4,174	-2,226	1,133	-9,903	-8,192	12,461	-5,396	-4,578	8,809	32,571	20,408
Investing Activities
capital expenditure	149,039	-164,080	-6,423	-13,395	1,280	1,708	2,279	-1,473	0	0	0	-21,573	-7,250	-11,520
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	149,039	-164,080	-6,423	-13,395	1,280	1,708	2,279	-1,473	0	0	0	-21,573	-7,250	-11,520
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-185,449	205,388	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-8,216	22,823	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-43,106	43,106	0	0	0	0	0	0	0	0	0	0	0
share issue	0	1,000	0	0	0	0	-1,000	0	0	0	0	0	0	1,000
interest	-9,911	-6,922	0	0	0	0	20	104	96	78	102	145	113	25
cash flow from financing	-203,576	179,183	43,106	0	0	0	-980	104	96	78	102	145	113	1,025
cash and cash equivalents
cash	4,761	55,255	0	0	0	0	-15,930	-9,561	12,557	-5,318	-4,476	-12,619	25,434	9,913
overdraft	4,146	5,854	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	615	49,401	0	0	0	0	-15,930	-9,561	12,557	-5,318	-4,476	-12,619	25,434	9,913

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NOVAGLASS (INSTALLATIONS) LIMITED group structure

Novaglass (Installations) Limited has no subsidiary companies.

Ultimate parent company

RYCAN EXTERIORS LTD

13483885

1 parent

NOVAGLASS (INSTALLATIONS) LIMITED

02038248

NOVAGLASS (INSTALLATIONS) LIMITED Shareholders

rycan exteriors ltd

100%

Novaglass (Installations) Limited currently has 2 directors. The longest serving directors include Mr Paul Canary (Jul 2021) and Mr Daniel Ryan (Jul 2021).

officer	country	age	start	end	role
Mr Paul Canary	England	43 years	Jul 2021	-	Director
Mr Daniel Ryan	England	42 years	Jul 2021	-	Director

P&L

March 2023

turnover

327.7k

-12%

operating profit

47k

gross margin

30.9%

+7.87%

turnover

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

Balance Sheet

March 2023

net assets

102.4k

+0.42%

total assets

317.9k

-0.17%

cash

60k

+0.09%

net assets

Total assets minus all liabilities

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company number

02038248

Type

Private limited with Share Capital

industry

43342 - Glazing

incorporation date

July 1986

accounts

Total Exemption Full

ultimate parent company

RYCAN EXTERIORS LTD

previous names

N/A

last accounts submitted

March 2023

address

tor saint-cloud way, maidenhead, berkshire, SL6 8BN

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.

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novaglass (installations) limited Company Information

novaglass (installations) limited Estimated Valuation

novaglass (installations) limited Estimated Valuation

novaglass (installations) limited Estimated Valuation

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NOVAGLASS (INSTALLATIONS) LIMITED financials

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