Novo Flooring Limited

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novo flooring limited Company Information

Live

MatureMidHealthy

Company Number

03501381

Next Accounts

Dec 2025

Industry

Floor and wall covering

Directors

Colin Sullivan

Glenn Miller

Shareholders

novo (kent) holdings limited

Group Structure

View All

Contact

Registered Address

south stour offices, roman road, mersham, ashford, kent, TN25 7HS

Website

http://novoflooring.co.uk

novo flooring limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of NOVO FLOORING LIMITED at £3.6m based on Net Assets of £1.9m and 1.86x industry multiple (adjusted for liquidity).

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Novo Flooring Limited is a live company located in ashford, TN25 7HS with a Companies House number of 03501381. It operates in the floor and wall covering sector, SIC Code 43330. Founded in January 1998, it's largest shareholder is novo (kent) holdings limited with a 100% stake. Novo Flooring Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Novo Flooring Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £5.7m, make it larger than the average company (£227.9k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.4%)

EXPORT

Novo Flooring Limited's latest turnover from March 2024 is estimated at £5.7 million and the company has net assets of £1.9 million. According to their latest financial statements, Novo Flooring Limited has 15 employees and maintains cash reserves of £963.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	5,699,509	4,709,801	5,019,138	4,426,171	4,782,198	3,557,400	4,240,766	3,577,623	3,426,670	3,100,887	2,157,401	2,976,348	2,768,101	2,330,273	2,621,048
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,886,451	3,329,705	3,503,696	3,125,678	3,402,361	2,491,643	2,916,716	2,501,827	2,373,605	2,100,720	1,442,659	2,010,261	1,810,721	1,532,474	1,727,284
Gross Profit	1,813,058	1,380,096	1,515,442	1,300,492	1,379,837	1,065,757	1,324,050	1,075,796	1,053,065	1,000,166	714,742	966,087	957,380	797,798	893,764
Admin Expenses	1,994,038	1,847,370	1,227,591	1,217,457	1,396,820	38,565	1,159,455	400,085	570,279	828,477	720,141	917,946	924,508	836,362	692,372
Operating Profit	-180,980	-467,274	287,851	83,035	-16,983	1,027,192	164,595	675,711	482,786	171,689	-5,399	48,141	32,872	-38,564	201,392
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	1,891	1,891
Interest Receivable	49,056	35,413	7,025	825	1,079	8,522	2,543	787	1,132	472	1	1	1	1	1
Pre-Tax Profit	-131,924	-431,861	294,877	83,859	-15,904	1,035,715	167,137	676,498	483,918	172,161	-5,398	48,142	32,873	-40,454	199,501
Tax	0	0	-56,027	-15,933	0	-196,786	-31,756	-135,299	-96,783	-36,154	0	-11,554	-8,547	0	-55,860
Profit After Tax	-131,924	-431,861	238,850	67,926	-15,904	838,929	135,381	541,198	387,134	136,007	-5,398	36,588	24,326	-40,454	143,641
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-131,924	-431,861	238,850	67,926	-15,904	838,929	135,381	541,198	387,134	136,007	-5,398	36,588	24,326	-40,454	143,641
Employee Costs	475,572	350,778	291,227	321,618	306,079	305,019	335,566	412,493	653,894	588,017	438,070	540,980	522,746	582,898	622,216
Number Of Employees	15	15	13	13	11	11	10	12	17	17	12	14	14	17	18
EBITDA*	-146,961	-431,666	324,392	118,591	4,250	1,031,702	170,502	680,893	484,567	172,677	-4,085	49,893	34,498	-36,409	204,145

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	180,402	214,421	246,781	259,892	134,240	7,938	11,083	12,997	13,429	2,943	3,931	5,245	4,877	6,503	8,177
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	35,000	35,000	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	100,000	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	180,402	214,421	246,781	394,892	169,240	7,938	11,083	12,997	13,429	2,943	3,931	5,245	4,877	6,503	8,177
Stock & work in progress	242,998	252,048	335,000	81,205	82,785	64,255	69,515	75,525	72,065	70,765	85,765	79,825	59,875	30,190	29,965
Trade Debtors	1,436,666	1,336,619	1,458,005	1,297,786	1,452,191	1,068,907	1,236,196	970,960	725,253	532,344	402,013	495,841	479,390	415,981	478,059
Group Debtors	0	0	253,990	46,166	490,785	0	0	0	0	0	0	0	0	0	0
Misc Debtors	35,196	60,175	60,457	60,388	3,478	7,149	27,860	304,415	121,529	0	0	0	0	0	0
Cash	963,132	905,674	760,799	1,112,616	536,491	1,620,569	652,055	364,955	264,257	188,486	281	266	183	191	318
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,677,992	2,554,516	2,868,251	2,598,161	2,565,730	2,760,880	1,985,626	1,715,855	1,183,104	791,595	488,059	575,932	539,448	446,362	508,342
total assets	2,858,394	2,768,937	3,115,032	2,993,053	2,734,970	2,768,818	1,996,709	1,728,852	1,196,533	794,538	491,990	581,177	544,325	452,865	516,519
Bank overdraft	0	0	0	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	0
Trade Creditors	252,108	242,534	263,328	405,609	228,341	242,817	259,256	192,085	233,064	499,513	332,972	416,761	416,497	349,363	314,377
Group/Directors Accounts	360,760	115,260	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	58,186
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	310,469	344,738	351,866	324,930	311,097	327,303	377,191	311,557	279,535	0	0	0	0	0	0
total current liabilities	923,337	702,532	615,194	730,539	539,438	570,120	636,447	503,642	512,599	499,513	332,972	416,761	416,497	349,363	372,563
loans	0	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	0
Accruals and Deferred Income	0	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	0	0	0	0	0	0
provisions	10,303	9,727	11,299	12,825	13,769	1,031	1,524	1,853	1,775	0	0	0	0	0	0
total long term liabilities	10,303	9,727	11,299	12,825	13,769	1,031	1,524	1,853	1,775	0	0	0	0	0	0
total liabilities	933,640	712,259	626,493	743,364	553,207	571,151	637,971	505,495	514,374	499,513	332,972	416,761	416,497	349,363	372,563
net assets	1,924,754	2,056,678	2,488,539	2,249,689	2,181,763	2,197,667	1,358,738	1,223,357	682,159	295,025	159,018	164,416	127,828	103,502	143,956
total shareholders funds	1,924,754	2,056,678	2,488,539	2,249,689	2,181,763	2,197,667	1,358,738	1,223,357	682,159	295,025	159,018	164,416	127,828	103,502	143,956

	Mar 2024	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	-180,980	-467,274	287,851	83,035	-16,983	1,027,192	164,595	675,711	482,786	171,689	-5,399	48,141	32,872	-38,564	201,392
Depreciation	34,019	35,608	36,541	35,556	21,233	4,510	5,907	5,182	1,781	988	1,314	1,752	1,626	2,155	2,753
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-56,027	-15,933	0	-196,786	-31,756	-135,299	-96,783	-36,154	0	-11,554	-8,547	0	-55,860
Stock	-9,050	-82,952	253,795	-1,580	18,530	-5,260	-6,010	3,460	1,300	-15,000	5,940	19,950	29,685	225	29,965
Debtors	75,068	-375,658	268,112	-442,114	870,398	-188,000	-11,319	428,593	314,438	130,331	-93,828	16,451	63,409	-62,078	478,059
Creditors	9,574	-20,794	-142,281	177,268	-14,476	-16,439	67,171	-40,979	-266,449	166,541	-83,789	264	67,134	34,986	314,377
Accruals and Deferred Income	-34,269	-7,128	26,936	13,833	-16,206	-49,888	65,634	32,022	279,535	0	0	0	0	0	0
Deferred Taxes & Provisions	576	-1,572	-1,526	-944	12,738	-493	-329	78	1,775	0	0	0	0	0	0
Cash flow from operations	-237,098	-2,550	-370,413	736,509	-902,622	961,356	288,551	104,662	86,907	187,733	14	2,202	-9	60,430	-45,362
Investing Activities
capital expenditure	0	-3,248	-23,430	-161,208	-147,535	-1,365	-3,993	-4,750	-12,267	0	0	-2,120	0	-481	-10,930
Change in Investments	0	0	-35,000	0	35,000	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-3,248	11,570	-161,208	-182,535	-1,365	-3,993	-4,750	-12,267	0	0	-2,120	0	-481	-10,930
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	245,500	115,260	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	-58,186	58,186
Long term loans	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	315
interest	49,056	35,413	7,025	825	1,079	8,522	2,543	787	1,132	472	1	1	1	-1,890	-1,890
cash flow from financing	294,556	150,673	7,025	825	1,079	8,522	2,543	787	1,132	472	1	1	1	-60,076	56,611
cash and cash equivalents
cash	57,458	144,875	-351,817	576,125	-1,084,078	968,514	287,100	100,698	75,771	188,205	15	83	-8	-127	318
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	57,458	144,875	-351,817	576,125	-1,084,078	968,514	287,100	100,698	75,771	188,205	15	83	-8	-127	318

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NOVO FLOORING LIMITED group structure

Novo Flooring Limited has 1 subsidiary company.

Ultimate parent company

NOVO (KENT) HOLDINGS LIMITED

11689798

1 parent

NOVO FLOORING LIMITED

03501381

1 subsidiary

NOVO 24 LIMITED

16037426

NOVO FLOORING LIMITED Shareholders

novo (kent) holdings limited

100%

Novo Flooring Limited currently has 2 directors. The longest serving directors include Mr Colin Sullivan (Jan 1998) and Mr Glenn Miller (Sep 2002).

officer	country	age	start	end	role
Mr Colin Sullivan		57 years	Jan 1998	-	Director
Mr Glenn Miller		55 years	Sep 2002	-	Director

P&L

March 2024

turnover

5.7m

+21%

operating profit

-181k

gross margin

31.9%

+8.56%

turnover

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

Balance Sheet

March 2024

net assets

1.9m

-0.06%

total assets

2.9m

+0.03%

cash

963.1k

+0.06%

net assets

Total assets minus all liabilities

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company number

03501381

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

January 1998

ultimate parent company

NOVO (KENT) HOLDINGS LIMITED

previous names

s.c.k. flooring limited (April 2019)

address

south stour offices, roman road, mersham, ashford, kent, TN25 7HS

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 novo flooring limited. Currently there are 1 open charges and 2 have been satisfied in the past.

novo flooring limited Company Information

novo flooring limited Estimated Valuation

novo flooring limited Estimated Valuation

novo flooring limited Estimated Valuation

Novo Flooring Limited Overview

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NOVO FLOORING LIMITED financials

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