novaglass (installations) limited Company Information
Company Number
02038248
Website
www.novaglass.co.ukRegistered Address
tor saint-cloud way, maidenhead, berkshire, SL6 8BN
Industry
Glazing
Telephone
01932771155
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
rycan exteriors ltd 100%
novaglass (installations) limited Estimated Valuation
Pomanda estimates the enterprise value of NOVAGLASS (INSTALLATIONS) LIMITED at £113.2k based on a Turnover of £327.7k and 0.35x industry multiple (adjusted for size and gross margin).
novaglass (installations) limited Estimated Valuation
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).
novaglass (installations) limited Estimated Valuation
Pomanda estimates the enterprise value of NOVAGLASS (INSTALLATIONS) LIMITED at £58.1k based on Net Assets of £102.4k and 0.57x industry multiple (adjusted for liquidity).
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Novaglass (installations) Limited Overview
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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Novaglass (installations) Limited Health Check
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 Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
1 Strong
![positive_score](/assets/images/scoreRate1.png)
5 Regular
![positive_score](/assets/images/scoreRate0.png)
6 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £327.7k, make it smaller than the average company (£553.2k)
- Novaglass (installations) Limited
£553.2k - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (3.4%)
- Novaglass (installations) Limited
3.4% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 30.9%, this company has a comparable cost of product (30.9%)
- Novaglass (installations) Limited
30.9% - Industry AVG
![profitability](/assets/images/scoreRate2.png)
Profitability
an operating margin of 14.4% make it more profitable than the average company (7.5%)
- Novaglass (installations) Limited
7.5% - Industry AVG
![employees](/assets/images/scoreRate1.png)
Employees
with 6 employees, this is similar to the industry average (5)
6 - Novaglass (installations) Limited
5 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £28.1k, the company has an equivalent pay structure (£28.1k)
- Novaglass (installations) Limited
£28.1k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £54.6k, this is less efficient (£131.6k)
- Novaglass (installations) Limited
£131.6k - Industry AVG
![debtordays](/assets/images/scoreRate1.png)
Debtor Days
it gets paid by customers after 35 days, this is near the average (40 days)
- Novaglass (installations) Limited
40 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (39 days)
- Novaglass (installations) Limited
39 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 48 days, this is more than average (23 days)
- Novaglass (installations) Limited
23 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (24 weeks)
17 weeks - Novaglass (installations) Limited
24 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate1.png)
Debt Level
it has a ratio of liabilities to total assets of 67.8%, this is a similar level of debt than the average (64.5%)
67.8% - Novaglass (installations) Limited
64.5% - Industry AVG
NOVAGLASS (INSTALLATIONS) LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 6 | 7 | 7 | 7 | ||||||||||
EBITDA* |
* 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 | ||||||||||||||
Depreciation | 14,807 | 9,436 | 3,066 | 3,566 | 4,758 | 6,343 | 6,663 | 3,488 | 1,819 | |||||
Amortisation | 0 | 0 | 0 | 750 | 750 | 750 | 750 | 0 | ||||||
Tax | ||||||||||||||
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 | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
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 |
novaglass (installations) limited Credit Report and Business Information
Novaglass (installations) Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for novaglass (installations) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in SL6 area or any other competitors across 12 key performance metrics.
novaglass (installations) limited Ownership
NOVAGLASS (INSTALLATIONS) LIMITED group structure
Novaglass (Installations) Limited has no subsidiary companies.
Ultimate parent company
1 parent
NOVAGLASS (INSTALLATIONS) LIMITED
02038248
novaglass (installations) limited directors
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 2023turnover
327.7k
-12%
operating profit
47k
0%
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 2023net assets
102.4k
+0.42%
total assets
317.9k
-0.17%
cash
60k
+0.09%
net assets
Total assets minus all liabilities
novaglass (installations) limited company details
company number
02038248
Type
Private limited with Share Capital
industry
43342 - Glazing
incorporation date
July 1986
age
38
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
tor saint-cloud way, maidenhead, berkshire, SL6 8BN
accountant
WILSON PARTNERS LIMITED
auditor
-
novaglass (installations) 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 novaglass (installations) limited.
![charges](/assets/images/company_charges.png)
novaglass (installations) limited Companies House Filings - See Documents
date | description | view/download |
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