ovako limited
ovako limited Company Information
Company Number
03879876
Website
www.ovako.comRegistered Address
1 george street 1 george street, snow hill, wolverhampton, west midlands, WV2 4DG
Industry
Combined office administrative service activities
Telephone
01384213940
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
ovako hofors ab 100%
ovako limited Estimated Valuation
Pomanda estimates the enterprise value of OVAKO LIMITED at £559.5k based on a Turnover of £900.3k and 0.62x industry multiple (adjusted for size and gross margin).
ovako limited Estimated Valuation
Pomanda estimates the enterprise value of OVAKO LIMITED at £462.4k based on an EBITDA of £93.3k and a 4.95x industry multiple (adjusted for size and gross margin).
ovako limited Estimated Valuation
Pomanda estimates the enterprise value of OVAKO LIMITED at £0 based on Net Assets of £-482.7k and 0.54x industry multiple (adjusted for liquidity).
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Ovako Limited Overview
Ovako Limited is a live company located in wolverhampton, WV2 4DG with a Companies House number of 03879876. It operates in the combined office administrative service activities sector, SIC Code 82110. Founded in November 1999, it's largest shareholder is ovako hofors ab with a 100% stake. Ovako Limited is a mature, small sized company, Pomanda has estimated its turnover at £900.3k with declining growth in recent years.
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Ovako Limited Health Check
Pomanda's financial health check has awarded Ovako Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £900.3k, make it in line with the average company (£1m)
£900.3k - Ovako Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (4.6%)
-35% - Ovako Limited
4.6% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (43.2%)
100% - Ovako Limited
43.2% - Industry AVG
Profitability
an operating margin of 10.4% make it more profitable than the average company (3.5%)
10.4% - Ovako Limited
3.5% - Industry AVG
Employees
with 7 employees, this is below the industry average (12)
7 - Ovako Limited
12 - Industry AVG
Pay Structure
on an average salary of £90.2k, the company has a higher pay structure (£33.4k)
£90.2k - Ovako Limited
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £128.6k, this is more efficient (£83.3k)
£128.6k - Ovako Limited
£83.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ovako Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ovako Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ovako Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (35 weeks)
17 weeks - Ovako Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 223.4%, this is a higher level of debt than the average (50%)
223.4% - Ovako Limited
50% - Industry AVG
OVAKO LIMITED financials
Ovako Limited's latest turnover from March 2023 is £900.3 thousand and the company has net assets of -£482.7 thousand. According to their latest financial statements, Ovako Limited has 7 employees and maintains cash reserves of £203.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 900,278 | 3,426,449 | 3,351,000 | 3,915,000 | 4,173,000 | 3,427,000 | 3,034,000 | 3,094,000 | 3,557,000 | 3,872,000 | 4,256,000 | 4,096,000 | 3,567,000 | 2,722,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 2,019,352 | 2,117,000 | 2,399,000 | 2,472,000 | 2,051,000 | 1,777,000 | 1,846,000 | 2,038,000 | 2,145,000 | 2,419,000 | 2,354,000 | 1,846,000 | 1,155,000 |
| Gross Profit | 900,278 | 1,407,097 | 1,234,000 | 1,516,000 | 1,701,000 | 1,376,000 | 1,257,000 | 1,248,000 | 1,519,000 | 1,727,000 | 1,837,000 | 1,742,000 | 1,721,000 | 1,567,000 |
| Admin Expenses | 806,940 | 1,394,992 | 1,203,000 | 1,395,000 | 1,393,000 | 1,242,000 | 1,288,000 | 1,322,000 | 1,331,000 | 1,452,000 | 1,532,000 | 1,521,000 | 3,762,000 | 1,576,000 |
| Operating Profit | 93,338 | 12,105 | 31,000 | 121,000 | 308,000 | 134,000 | -31,000 | -74,000 | 188,000 | 275,000 | 305,000 | 221,000 | -2,041,000 | -9,000 |
| Interest Payable | 26,517 | 22,000 | 31,000 | 43,000 | 43,000 | 52,000 | 38,000 | 92,000 | 74,000 | 42,000 | 88,000 | 91,000 | 328,000 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,000 | 3,000 | 201,000 | 2,000 |
| Pre-Tax Profit | 66,821 | -9,895 | 0 | 78,000 | 265,000 | 82,000 | -69,000 | -166,000 | 114,000 | 233,000 | 228,000 | 133,000 | -2,168,000 | -7,000 |
| Tax | 0 | 0 | 0 | 0 | 5,000 | -15,000 | -321,000 | -9,000 | -20,000 | -122,000 | -110,000 | -78,000 | 576,000 | 18,000 |
| Profit After Tax | 66,821 | -9,895 | 0 | 78,000 | 270,000 | 67,000 | -390,000 | -175,000 | 94,000 | 111,000 | 118,000 | 55,000 | -1,592,000 | 11,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 66,821 | -9,895 | 0 | 78,000 | 270,000 | 67,000 | -390,000 | -175,000 | 94,000 | 111,000 | 118,000 | 55,000 | -1,592,000 | 11,000 |
| Employee Costs | 631,474 | 1,013,663 | 805,000 | 829,000 | 835,000 | 752,000 | 713,000 | 706,000 | 766,000 | 815,000 | 904,000 | 909,000 | 900,000 | 1,090,000 |
| Number Of Employees | 7 | 9 | 13 | 13 | 14 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 14 |
| EBITDA* | 93,338 | 13,947 | 35,000 | 126,000 | 311,000 | 142,000 | -21,000 | -63,000 | 196,000 | 281,000 | 312,000 | 228,000 | -2,022,000 | 15,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 10,000 | 14,000 | 17,000 | 17,000 | 25,000 | 35,000 | 43,000 | 20,000 | 26,000 | 33,000 | 40,000 | 59,000 |
| 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 | 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 | 0 | 0 | 10,000 | 14,000 | 17,000 | 17,000 | 25,000 | 35,000 | 43,000 | 20,000 | 26,000 | 33,000 | 40,000 | 59,000 |
| Stock & work in progress | 0 | 0 | 661,000 | 532,000 | 705,000 | 593,000 | 428,000 | 473,000 | 607,000 | 521,000 | 457,000 | 536,000 | 568,000 | 415,000 |
| Trade Debtors | 0 | 0 | 357,000 | 470,000 | 316,000 | 324,000 | 350,000 | 348,000 | 239,000 | 325,000 | 338,000 | 468,000 | 384,000 | 355,000 |
| Group Debtors | 89,361 | 145,958 | 64,000 | 0 | 81,000 | 61,000 | 73,000 | 22,000 | 65,000 | 68,000 | 65,000 | 56,000 | 0 | 224,000 |
| Misc Debtors | 98,429 | 94,445 | 110,000 | 0 | 76,000 | 74,000 | 99,000 | 104,000 | 92,000 | 80,000 | 72,000 | 87,000 | 90,000 | 53,000 |
| Cash | 203,410 | 276,903 | 701,000 | 928,000 | 845,000 | 906,000 | 968,000 | 1,032,000 | 1,213,000 | 1,242,000 | 1,227,000 | 458,000 | 653,000 | 623,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222,000 | 481,000 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 391,200 | 517,306 | 1,893,000 | 1,930,000 | 2,023,000 | 1,958,000 | 1,918,000 | 2,201,000 | 2,697,000 | 2,236,000 | 2,159,000 | 1,605,000 | 1,695,000 | 1,670,000 |
| total assets | 391,200 | 517,306 | 1,903,000 | 1,944,000 | 2,040,000 | 1,975,000 | 1,943,000 | 2,236,000 | 2,740,000 | 2,256,000 | 2,185,000 | 1,638,000 | 1,735,000 | 1,729,000 |
| Bank overdraft | 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 |
| Trade Creditors | 7,343 | 12,088 | 43,000 | 25,000 | 34,000 | 34,000 | 32,000 | 28,000 | 34,000 | 35,000 | 38,000 | 40,000 | 54,000 | 34,000 |
| Group/Directors Accounts | 400,000 | 400,000 | 135,000 | 75,000 | 44,000 | 183,000 | 119,000 | 30,000 | 20,000 | 49,000 | 34,000 | 156,000 | 244,000 | 241,000 |
| 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 | 211,562 | 208,744 | 241,000 | 191,000 | 230,000 | 219,000 | 217,000 | 179,000 | 184,000 | 172,000 | 184,000 | 183,000 | 172,000 | 183,000 |
| total current liabilities | 618,905 | 620,832 | 419,000 | 291,000 | 308,000 | 436,000 | 368,000 | 237,000 | 238,000 | 256,000 | 256,000 | 379,000 | 470,000 | 458,000 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 255,000 | 471,000 | 2,211,000 | 1,667,000 | 1,639,000 | 1,840,000 | 1,869,000 | 1,044,000 | 2,428,000 | 1,411,000 | 1,606,000 | 1,904,000 | 1,347,000 | 0 |
| total liabilities | 873,905 | 1,091,832 | 2,630,000 | 1,958,000 | 1,947,000 | 2,276,000 | 2,237,000 | 1,281,000 | 2,666,000 | 1,667,000 | 1,862,000 | 2,283,000 | 1,817,000 | 458,000 |
| net assets | -482,705 | -574,526 | -727,000 | -14,000 | 93,000 | -301,000 | -294,000 | 955,000 | 74,000 | 589,000 | 323,000 | -645,000 | -82,000 | 1,271,000 |
| total shareholders funds | -482,705 | -574,526 | -727,000 | -14,000 | 93,000 | -301,000 | -294,000 | 955,000 | 74,000 | 589,000 | 323,000 | -645,000 | -82,000 | 1,271,000 |
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 93,338 | 12,105 | 31,000 | 121,000 | 308,000 | 134,000 | -31,000 | -74,000 | 188,000 | 275,000 | 305,000 | 221,000 | -2,041,000 | -9,000 |
| Depreciation | 0 | 1,842 | 4,000 | 5,000 | 3,000 | 8,000 | 10,000 | 11,000 | 8,000 | 6,000 | 7,000 | 7,000 | 19,000 | 24,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 5,000 | -15,000 | -321,000 | -9,000 | -20,000 | -122,000 | -110,000 | -78,000 | 576,000 | 18,000 |
| Stock | 0 | 0 | 129,000 | -173,000 | 112,000 | 165,000 | -45,000 | -134,000 | 86,000 | 64,000 | -79,000 | -32,000 | 153,000 | 415,000 |
| Debtors | -52,613 | 240,403 | 61,000 | -3,000 | 14,000 | -63,000 | 48,000 | 78,000 | -77,000 | -2,000 | -136,000 | 137,000 | -158,000 | 632,000 |
| Creditors | -4,745 | 12,088 | 18,000 | -9,000 | 0 | 2,000 | 4,000 | -6,000 | -1,000 | -3,000 | -2,000 | -14,000 | 20,000 | 34,000 |
| Accruals and Deferred Income | 2,818 | 208,744 | 50,000 | -39,000 | 11,000 | 2,000 | 38,000 | -5,000 | 12,000 | -12,000 | 1,000 | 11,000 | -11,000 | 183,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 144,024 | -5,624 | -87,000 | 254,000 | 201,000 | 29,000 | -303,000 | -27,000 | 178,000 | 82,000 | 416,000 | 42,000 | -1,432,000 | -797,000 |
| 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 | 400,000 | 60,000 | 31,000 | -139,000 | 64,000 | 89,000 | 10,000 | -29,000 | 15,000 | -122,000 | -88,000 | 3,000 | 241,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -26,517 | -22,000 | -31,000 | -43,000 | -43,000 | -52,000 | -38,000 | -92,000 | -74,000 | -42,000 | -77,000 | -88,000 | -127,000 | 2,000 |
| cash flow from financing | -1,517 | -186,631 | -684,000 | -197,000 | -58,000 | -62,000 | -808,000 | 974,000 | -712,000 | 128,000 | 651,000 | -794,000 | 115,000 | 1,503,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -73,493 | 276,903 | -227,000 | 83,000 | -61,000 | -62,000 | -64,000 | -181,000 | -29,000 | 15,000 | 769,000 | -195,000 | 30,000 | 623,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -73,493 | 276,903 | -227,000 | 83,000 | -61,000 | -62,000 | -64,000 | -181,000 | -29,000 | 15,000 | 769,000 | -195,000 | 30,000 | 623,000 |
ovako limited Credit Report and Business Information
Ovako Limited Competitor Analysis
Perform a competitor analysis for ovako limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in WV2 area or any other competitors across 12 key performance metrics.
ovako limited Ownership
OVAKO LIMITED group structure
Ovako Limited has no subsidiary companies.
Ultimate parent company
NIPPON STEEL & SUMITOMO METAL CORP.
#0110249
OVAKO SWEDEN AB
#0010950
2 parents
OVAKO LIMITED
03879876
ovako limited directors
Ovako Limited currently has 3 directors. The longest serving directors include Mr Richard Bloor (Jul 2013) and Mr Mathias Tillman (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Bloor | England | 60 years | Jul 2013 | - | Director |
| Mr Mathias Tillman | Sweden | 48 years | Jan 2017 | - | Director |
| Mr Erik Bohman | Sweden | 51 years | Mar 2023 | - | Director |
P&L
March 2023turnover
900.3k
-74%
operating profit
93.3k
+671%
gross margin
100%
+143.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-482.7k
-0.16%
total assets
391.2k
-0.24%
cash
203.4k
-0.27%
net assets
Total assets minus all liabilities
ovako limited company details
company number
03879876
Type
Private limited with Share Capital
industry
82110 - Combined office administrative service activities
incorporation date
November 1999
age
25
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
ovako steel limited (July 2005)
ovako uk limited (January 2000)
last accounts submitted
March 2023
address
1 george street 1 george street, snow hill, wolverhampton, west midlands, WV2 4DG
accountant
-
auditor
DAW WHITE MURRALL
ovako 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 ovako limited.
ovako limited Companies House Filings - See Documents
| date | description | view/download |
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