Innov8 Technology Ltd

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innov8 technology ltd Company Information

Company Number

03306343

Next Accounts

87 days late

Directors

Carl Maher

Shareholders

innov8 technology (group) ltd

Group Structure

View All

Industry

Computer facilities management activities

Registered Address

5 riverview, the embankment business park, heaton mersey stockport, cheshire, SK4 3GN

Website

www.innov8.co.uk

innov8 technology ltd Estimated Valuation

£14.1m

Pomanda estimates the enterprise value of INNOV8 TECHNOLOGY LTD at £14.1m based on Net Assets of £6.2m and 2.29x industry multiple (adjusted for liquidity).

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Innov8 Technology Ltd is a live company located in heaton mersey stockport, SK4 3GN with a Companies House number of 03306343. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 1997, it's largest shareholder is innov8 technology (group) ltd with a 100% stake. Innov8 Technology Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8m with high growth in recent years.

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Pomanda's financial health check has awarded Innov8 Technology Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £8m, make it larger than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (7.1%)

EXPORT

Innov8 Technology Ltd's latest turnover from March 2023 is estimated at £8 million and the company has net assets of £6.2 million. According to their latest financial statements, Innov8 Technology Ltd has 43 employees and maintains cash reserves of £1.6 million 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	Apr 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	7,962,408	5,943,881	5,537,405	4,532,502	3,426,651	3,668,526	3,040,130	5,396,365	4,871,053	5,587,823	5,627,141	7,455,307	8,077,409	7,889,200
Other Income Or Grants
Cost Of Sales	3,650,157	2,739,759	2,473,514	1,947,750	1,427,634	1,524,949	1,214,796	2,132,776	1,975,821	2,209,022	2,284,912	2,873,221	3,046,668	3,002,680
Gross Profit	4,312,251	3,204,122	3,063,891	2,584,752	1,999,017	2,143,577	1,825,334	3,263,589	2,895,232	3,378,802	3,342,230	4,582,086	5,030,741	4,886,520
Admin Expenses	2,093,339	1,526,282	2,814,974	1,683,728	1,578,287	1,805,034	1,422,162	2,988,967	2,525,950	2,953,724	3,391,294	4,412,894	5,068,624	4,816,910
Operating Profit	2,218,912	1,677,840	248,917	901,024	420,730	338,543	403,172	274,622	369,282	425,078	-49,064	169,192	-37,883	69,610
Interest Payable
Interest Receivable	88,598	15,589	1,604	1,027	2,733	4,009	2,727	5,178	4,515	2,662	2,526	1,657	315	152
Pre-Tax Profit	2,307,510	1,693,428	250,521	902,051	423,463	342,552	405,899	279,800	373,797	427,740	-46,538	170,849	-37,568	69,761
Tax	-438,427	-321,751	-47,599	-171,390	-80,458	-65,085	-81,180	-55,960	-78,497	-98,380		-44,421		-19,533
Profit After Tax	1,869,083	1,371,677	202,922	730,661	343,005	277,467	324,719	223,840	295,300	329,360	-46,538	126,428	-37,568	50,228
Dividends Paid
Retained Profit	1,869,083	1,371,677	202,922	730,661	343,005	277,467	324,719	223,840	295,300	329,360	-46,538	126,428	-37,568	50,228
Employee Costs	2,606,956	1,776,514	1,655,751	1,558,253	1,529,114	1,730,137	1,389,833	1,321,146	1,940,079	2,156,820	2,228,495	2,912,003	3,330,847	3,358,725
Number Of Employees	43	31	31	30	28	32	26	25	37	43	46	61	71	75
EBITDA*	2,231,031	1,696,242	285,632	941,065	445,518	349,586	418,998	311,893	422,734	425,078	48,026	270,451	56,245	143,215

* 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	Apr 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	445,350	449,792	191,756	52,393	60,568	67,127	26,839	51,628	66,885	83,558	95,738	57,304	67,516	31,816
Intangible Assets								2,039	17,171	43,539	76,308	131,396	193,141	205,710
Investments & Other										100	100	100	100	137,000
Debtors (Due After 1 year)
Total Fixed Assets	445,350	449,792	191,756	52,393	60,568	67,127	26,839	53,667	84,056	127,197	172,146	188,800	260,757	374,526
Stock & work in progress	29,085	38,990	52,250	23,900	12,686	11,935	12,636					24,625
Trade Debtors	1,762,316	1,420,654	1,349,630	1,050,903	677,957	709,736	565,961	1,122,179	791,449	887,939	830,154	1,132,814	1,256,572	1,198,965
Group Debtors	6,077,494	3,790,868	3,636,216	3,497,916	2,499,544	1,967,811	685,439
Misc Debtors	32,900	29,307	82,739	60,994	4,945	19,986	63,367				20,278
Cash	1,556,393	2,612,940	1,543,999	1,664,481	389,552	339,245	1,264,425	916,804	1,154,275	651,780	413,071	597,429	65,278	60,609
misc current assets
total current assets	9,458,188	7,892,759	6,664,834	6,298,194	3,584,684	3,048,713	2,591,828	2,038,983	1,945,724	1,539,719	1,263,503	1,754,868	1,321,850	1,259,574
total assets	9,903,538	8,342,551	6,856,590	6,350,587	3,645,252	3,115,840	2,618,667	2,092,650	2,029,780	1,666,916	1,435,649	1,943,668	1,582,607	1,634,100
Bank overdraft
Bank loan
Trade Creditors	202,103	210,525	154,553	317,588	294,906	291,195	189,263	1,051,391	1,204,523	1,128,915	1,225,407	1,692,212	1,444,042	1,484,264
Group/Directors Accounts	657,821	657,821	657,821	692,019	200,000	200,000	111,426
other short term finances
hp & lease commitments	9,998	9,998		14,832	14,831
other current liabilities	2,782,831	3,073,002	3,118,316	2,603,170	1,125,958	972,925	951,642
total current liabilities	3,652,753	3,951,346	3,930,690	3,627,609	1,635,695	1,464,120	1,252,331	1,051,391	1,204,523	1,128,915	1,225,407	1,692,212	1,444,042	1,484,264
loans
hp & lease commitments	20,830	30,828
Accruals and Deferred Income
other liabilities					14,832				7,862	14,573	12,274	4,839	18,524
provisions	72,448	71,953	9,153	9,153	11,561	11,561	3,644	3,286	3,262	4,595	8,495	10,606	10,458	2,685
total long term liabilities	93,278	102,781	9,153	9,153	26,393	11,561	3,644	3,286	11,124	19,168	20,769	15,445	28,982	2,685
total liabilities	3,746,031	4,054,127	3,939,843	3,636,762	1,662,088	1,475,681	1,255,975	1,054,677	1,215,647	1,148,083	1,246,176	1,707,657	1,473,024	1,486,949
net assets	6,157,507	4,288,424	2,916,747	2,713,825	1,983,164	1,640,159	1,362,692	1,037,973	814,133	518,833	189,473	236,011	109,583	147,151
total shareholders funds	6,157,507	4,288,424	2,916,747	2,713,825	1,983,164	1,640,159	1,362,692	1,037,973	814,133	518,833	189,473	236,011	109,583	147,151

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Apr 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,218,912	1,677,840	248,917	901,024	420,730	338,543	403,172	274,622	369,282	425,078	-49,064	169,192	-37,883	69,610
Depreciation	12,119	18,402	36,715	40,041	24,788	11,043	13,787	22,139	27,084		30,482	27,994	19,326	16,490
Amortisation							2,039	15,132	26,368		66,608	73,265	74,802	57,115
Tax	-438,427	-321,751	-47,599	-171,390	-80,458	-65,085	-81,180	-55,960	-78,497	-98,380		-44,421		-19,533
Stock	-9,905	-13,260	28,350	11,214	751	-701	12,636				-24,625	24,625
Debtors	2,631,881	172,244	458,772	1,427,367	484,913	1,382,766	192,588	330,730	-96,490	37,507	-282,382	-123,758	57,607	1,198,965
Creditors	-8,422	55,972	-163,035	22,682	3,711	101,932	-862,128	-153,132	75,608	-96,492	-466,805	248,170	-40,222	1,484,264
Accruals and Deferred Income	-290,171	-45,314	515,146	1,477,212	153,033	21,283	951,642
Deferred Taxes & Provisions	495	62,800		-2,408		7,917	358	24	-1,333	-3,900	-2,111	148	7,773	2,685
Cash flow from operations	-1,127,470	1,288,965	103,022	828,580	36,140	-966,432	222,466	-227,905	515,002	188,799	-113,883	573,481	-33,811	411,666
Investing Activities
capital expenditure	-7,677	-276,438	-176,078	-31,866	-18,229	-51,331	11,002	-6,882	-10,411	44,949	-80,436	-29,302	-117,259	-311,131
Change in Investments									-100				-136,900	137,000
cash flow from investments	-7,677	-276,438	-176,078	-31,866	-18,229	-51,331	11,002	-6,882	-10,311	44,949	-80,436	-29,302	19,641	-448,131
Financing Activities
Bank loans
Group/Directors Accounts			-34,198	492,019		88,574	111,426
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	-9,998	40,826	-14,832	1	14,831
other long term liabilities				-14,832	14,832			-7,862	-6,711	2,299	7,435	-13,685	18,524
share issue														96,923
interest	88,598	15,589	1,604	1,027	2,733	4,009	2,727	5,178	4,515	2,662	2,526	1,657	315	152
cash flow from financing	78,600	56,415	-47,426	478,215	32,396	92,583	114,153	-2,684	-2,196	4,961	9,961	-12,028	18,839	97,075
cash and cash equivalents
cash	-1,056,547	1,068,941	-120,482	1,274,929	50,307	-925,180	347,621	-237,471	502,495	238,709	-184,358	532,151	4,669	60,609
overdraft
change in cash	-1,056,547	1,068,941	-120,482	1,274,929	50,307	-925,180	347,621	-237,471	502,495	238,709	-184,358	532,151	4,669	60,609

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INNOV8 TECHNOLOGY LTD group structure

Innov8 Technology Ltd has no subsidiary companies.

Ultimate parent company

INNOV8 TECHNOLOGY (GROUP) LIMITED

10528846

1 parent

INNOV8 TECHNOLOGY LTD

03306343

INNOV8 TECHNOLOGY LTD Shareholders

innov8 technology (group) ltd

100%

Innov8 Technology Ltd currently has 1 director, Mr Carl Maher serving since Jun 2002.

officer	country	age	start	end	role
Mr Carl Maher	England	55 years	Jun 2002	-	Director

P&L

March 2023

turnover

+34%

operating profit

2.2m

gross margin

54.2%

+0.47%

turnover

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

Balance Sheet

March 2023

net assets

6.2m

+0.44%

total assets

9.9m

+0.19%

cash

1.6m

-0.4%

net assets

Total assets minus all liabilities

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company number

03306343

Type

Private limited with Share Capital

industry

62030 - Computer facilities management activities

62020 - Computer consultancy activities

62012 - Business and domestic software development

incorporation date

January 1997

ultimate parent company

INNOV8 TECHNOLOGY (GROUP) LIMITED

previous names

N/A

address

5 riverview, the embankment business park, heaton mersey stockport, cheshire, SK4 3GN

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 3 charges/mortgages relating to innov8 technology ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

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innov8 technology ltd Company Information

innov8 technology ltd Estimated Valuation

innov8 technology ltd Estimated Valuation

innov8 technology ltd Estimated Valuation

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INNOV8 TECHNOLOGY LTD financials

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