Nova Techset Ltd

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nova techset ltd Company Information

Live

MatureLargeRapid

Company Number

02420700

Website

http://www.novatechset.com

Registered Address

65 delamere road, hayes, middlesex, UB4 0NN

Industry

Other business support service activities n.e.c.

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

William Ruttledge19 Years

Yogesh Agarwal2 Years

View All

Shareholders

nova techset private limited 100%

nova techset ltd Estimated Valuation

£20.5m

Pomanda estimates the enterprise value of NOVA TECHSET LTD at £20.5m based on a Turnover of £23.5m and 0.87x industry multiple (adjusted for size and gross margin).

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Nova Techset Ltd is a live company located in middlesex, UB4 0NN with a Companies House number of 02420700. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 1989, it's largest shareholder is nova techset private limited with a 100% stake. Nova Techset Ltd is a mature, large sized company, Pomanda has estimated its turnover at £23.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Nova Techset Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £23.5m, make it larger than the average company (£3m)

Growth

3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (4.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NOVA TECHSET LTD group structure

Nova Techset Ltd has no subsidiary companies.

Ultimate parent company

S R NOVA PRIVATE LTD

#0063354

1 parent

NOVA TECHSET LTD

02420700

NOVA TECHSET LTD Shareholders

nova techset private limited

100%

Nova Techset Ltd currently has 3 directors. The longest serving directors include Mr William Ruttledge (Apr 2005) and Mr Yogesh Agarwal (Jan 2022).

officer	country	age	start	end	role
Mr William Ruttledge		68 years	Apr 2005	-	Director
Mr Yogesh Agarwal	India	45 years	Jan 2022	-	Director
Mr Girish Krishna	India	43 years	Jun 2023	-	Director

EXPORT

Nova Techset Ltd's latest turnover from March 2023 is estimated at £23.5 million and the company has net assets of £2.6 million. According to their latest financial statements, we estimate that Nova Techset Ltd has 173 employees and maintains cash reserves of £5.7 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	23,518,426	5,122,519	5,469,148	4,829,549	3,009,240	2,848,954	2,411,249	3,641,221	6,183,906	4,549,218	3,218,869	2,986,622	3,407,910	3,809,768
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,383,800	4,019,158	4,304,222	4,001,586	1,873,998	1,762,643	1,463,865	2,261,563	3,906,905	2,896,335	2,032,841	1,836,360	2,038,659	2,261,529
Gross Profit	9,134,626	1,103,361	1,164,926	827,963	1,135,242	1,086,311	947,384	1,379,659	2,277,000	1,652,882	1,186,028	1,150,262	1,369,251	1,548,239
Admin Expenses	8,808,793	790,200	412,703	362,354	637,824	637,928	783,601	1,269,570	2,319,706	1,857,385	1,134,723	1,094,599	1,283,193	1,180,229
Operating Profit	325,833	313,161	752,223	465,609	497,418	448,383	163,783	110,089	-42,706	-204,503	51,305	55,663	86,058	368,010
Interest Payable	80,716	51,466	31,673	11,015	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,720	0	0	0	905	650	270	256	217	492	558	250	326	199
Pre-Tax Profit	248,837	261,695	720,550	454,594	498,323	449,033	164,053	110,345	-42,489	-204,011	51,863	55,912	86,383	368,208
Tax	-47,279	-49,766	-96,757	-86,419	-94,681	-85,316	-32,810	-22,069	0	0	-12,447	-14,537	-24,187	-103,098
Profit After Tax	201,558	211,929	623,793	368,175	403,642	363,717	131,242	88,276	-42,489	-204,011	39,416	41,375	62,196	265,110
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	201,558	211,929	623,793	368,175	403,642	363,717	131,242	88,276	-42,489	-204,011	39,416	41,375	62,196	265,110
Employee Costs	7,559,407	207,880	120,000	118,669	114,976	72,540	177,824	1,036,117	1,709,323	1,269,857	902,457	832,219	990,740	1,059,000
Number Of Employees	173	5	3	3	3	2	5	29	48	36	26	24	29	30
EBITDA*	328,235	313,416	752,752	465,629	497,458	448,463	163,944	110,410	-42,065	-202,856	53,605	56,735	88,203	375,875

* 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	59,690	255	510	20	40	80	160	321	642	1,283	2,298	1,072	2,144	956
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	30,000	30,000	30,000	30,000	30,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	59,690	255	510	20	40	80	160	321	642	31,283	32,298	31,072	32,144	30,956
Stock & work in progress	538,198	642,956	396,534	402,619	527,316	513,762	565,945	380,976	209,576	179,963	195,049	211,438	153,902	153,451
Trade Debtors	4,112,717	917,811	615,125	872,063	745,761	735,608	558,662	698,263	803,659	603,152	425,009	433,185	523,187	572,803
Group Debtors	0	2,710,932	3,372,470	1,921,071	57,658	0	0	0	0	0	0	0	0	0
Misc Debtors	0	100,910	36,256	3,971	3,583	16,219	9,364	9,189	0	0	0	0	0	0
Cash	5,672	169,383	44,555	11,658	159,504	81,830	178,268	37,606	64,655	22,276	174,399	48,938	50,860	79,447
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,656,587	4,541,992	4,464,940	3,211,382	1,493,822	1,347,419	1,312,239	1,126,034	1,077,890	805,391	794,457	693,561	727,949	805,701
total assets	4,716,277	4,542,247	4,465,450	3,211,402	1,493,862	1,347,499	1,312,399	1,126,355	1,078,532	836,674	826,755	724,633	760,093	836,657
Bank overdraft	0	758,389	187,011	891,112	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	1,345,699	73,966	62,711	77,230	80,899	61,256	38,053	12,936	916,790	632,316	418,225	355,793	432,367	571,447
Group/Directors Accounts	0	66,774	181,573	157,799	0	289,886	646,296	529,511	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	295,922	893,613	568,512	264,389	251,425	246,835	333,935	0	0	0	0	0	0
total current liabilities	1,345,699	1,195,051	1,324,908	1,694,653	345,288	602,567	931,184	876,382	916,790	632,316	418,225	355,793	432,367	571,447
loans	816,549	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	984,825	1,000,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	45	172	333	59	320	0
total long term liabilities	816,549	984,825	1,000,000	0	0	0	0	0	45	172	333	59	320	0
total liabilities	2,162,248	2,179,876	2,324,908	1,694,653	345,288	602,567	931,184	876,382	916,835	632,488	418,558	355,852	432,687	571,447
net assets	2,554,029	2,362,371	2,140,542	1,516,749	1,148,574	744,932	381,215	249,973	161,697	204,186	408,197	368,781	327,406	265,210
total shareholders funds	2,554,029	2,362,371	2,140,542	1,516,749	1,148,574	744,932	381,215	249,973	161,697	204,186	408,197	368,781	327,406	265,210

	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	325,833	313,161	752,223	465,609	497,418	448,383	163,783	110,089	-42,706	-204,503	51,305	55,663	86,058	368,010
Depreciation	2,402	255	529	20	40	80	161	321	641	1,647	2,300	1,072	2,145	7,865
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-47,279	-49,766	-96,757	-86,419	-94,681	-85,316	-32,810	-22,069	0	0	-12,447	-14,537	-24,187	-103,098
Stock	-104,758	246,422	-6,085	-124,697	13,554	-52,183	184,969	171,400	29,613	-15,086	-16,389	57,536	451	153,451
Debtors	383,064	-294,198	1,226,746	1,990,103	55,175	183,801	-139,426	-96,207	200,507	178,143	-8,176	-90,002	-49,616	572,803
Creditors	1,271,733	11,255	-14,519	-3,669	19,643	23,203	25,117	-903,854	284,474	214,091	62,432	-76,574	-139,080	571,447
Accruals and Deferred Income	-295,922	-597,691	325,101	304,123	12,964	4,590	-87,100	333,935	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-45	-127	-161	274	-261	320	0
Cash flow from operations	978,461	-275,010	-254,084	-1,185,742	366,655	259,322	23,608	-556,816	12,162	-151,983	128,429	-2,171	-25,579	117,970
Investing Activities
capital expenditure	-61,837	0	-1,019	0	0	0	0	0	0	-632	-3,526	0	-3,333	-8,821
Change in Investments	0	0	0	0	0	0	0	0	-30,000	0	0	0	0	30,000
cash flow from investments	-61,837	0	-1,019	0	0	0	0	0	30,000	-632	-3,526	0	-3,333	-38,821
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-66,774	-114,799	23,774	157,799	-289,886	-356,410	116,785	529,511	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	816,549	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	-984,825	-15,175	1,000,000	0	0	0	0	0	0	0	0	0	0	0
share issue	-9,900	9,900	0	0	0	0	0	0	0	0	0	0	0	100
interest	-76,996	-51,466	-31,673	-11,015	905	650	270	256	217	492	558	250	326	199
cash flow from financing	-321,946	-171,540	992,101	146,784	-288,981	-355,760	117,055	529,767	217	492	558	250	326	299
cash and cash equivalents
cash	-163,711	124,828	32,897	-147,846	77,674	-96,438	140,662	-27,049	42,379	-152,123	125,461	-1,922	-28,587	79,447
overdraft	-758,389	571,378	-704,101	891,112	0	0	0	0	0	0	0	0	0	0
change in cash	594,678	-446,550	736,998	-1,038,958	77,674	-96,438	140,662	-27,049	42,379	-152,123	125,461	-1,922	-28,587	79,447

P&L

March 2023

turnover

23.5m

+359%

operating profit

325.8k

gross margin

38.9%

+80.32%

turnover

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

Balance Sheet

March 2023

net assets

2.6m

+0.08%

total assets

4.7m

+0.04%

cash

5.7k

-0.97%

net assets

Total assets minus all liabilities

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company number

02420700

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 1989

age

accounts

Total Exemption Full

ultimate parent company

S R NOVA PRIVATE LTD

previous names

techset composition limited (November 2015)

smartsign limited (September 1989)

incorporated

address

65 delamere road, hayes, middlesex, UB4 0NN

last accounts submitted

March 2023

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 4 charges/mortgages relating to nova techset ltd. Currently there are 2 open charges and 2 have been satisfied in the past.

nova techset ltd Company Information

nova techset ltd Estimated Valuation

nova techset ltd Estimated Valuation

nova techset ltd Estimated Valuation

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