Nuvo Accountancy Limited

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nuvo accountancy limited Company Information

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MatureSmallRapid

Company Number

05061184

Website

www.ads-accountancy.co.uk

Registered Address

first floor, sterling house, outrams wharf, little eaton, derby, DE21 5EL

Industry

Accounting, and auditing activities

Telephone

01332299990

Next Accounts Due

December 2024

Group Structure

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Directors

Stephen Sharp18 Years

Daniel Johnson1 Years

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Shareholders

stephen sharp 33%

simon rogers 32%

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nuvo accountancy limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of NUVO ACCOUNTANCY LIMITED at £2.6m based on a Turnover of £3m and 0.88x industry multiple (adjusted for size and gross margin).

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Nuvo Accountancy Limited is a live company located in little eaton, DE21 5EL with a Companies House number of 05061184. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2004, it's largest shareholder is stephen sharp with a 33% stake. Nuvo Accountancy Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Nuvo Accountancy Limited a 3 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 Rating3out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £3m, make it larger than the average company (£138.5k)

Growth

3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (5.8%)

EXPORT

Nuvo Accountancy Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £122.5 thousand. According to their latest financial statements, Nuvo Accountancy Limited has 90 employees and maintains cash reserves of £20.6 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	2,964,032	1,975,773	1,560,620	980,193	841,560	925,975	1,087,461	1,363,606	687,079	569,617	436,118	660,457	454,577	392,771
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	918,406	686,604	525,831	162,346	105,812	69,043	64,507	103,826	62,308	46,970	52,170	74,408	35,850	39,129
Gross Profit	2,045,626	1,289,169	1,034,789	817,848	735,748	856,933	1,022,954	1,259,780	624,772	522,646	383,948	586,049	418,726	353,642
Admin Expenses	2,134,808	1,282,018	801,658	811,918	728,257	850,823	1,011,858	1,248,512	658,429	475,437	404,176	535,521	428,470	339,567
Operating Profit	-89,182	7,151	233,131	5,930	7,491	6,110	11,096	11,268	-33,657	47,209	-20,228	50,528	-9,744	14,075
Interest Payable	20,770	3,872	3,999	3,026	4,072	6,522	9,358	5,821	0	0	0	0	0	0
Interest Receivable	8,056	2,265	163	75	563	797	567	895	478	147	91	105	109	68
Pre-Tax Profit	-101,896	5,544	229,295	2,979	3,981	385	2,305	6,343	-33,179	47,356	-20,137	50,632	-9,635	14,143
Tax	0	-1,053	-43,566	-566	-756	-73	-461	-1,268	0	-10,892	0	-13,164	0	-3,960
Profit After Tax	-101,896	4,491	185,729	2,413	3,225	312	1,844	5,074	-33,179	36,464	-20,137	37,468	-9,635	10,183
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-101,896	4,491	185,729	2,413	3,225	312	1,844	5,074	-33,179	36,464	-20,137	37,468	-9,635	10,183
Employee Costs	1,781,820	1,203,061	690,632	378,481	429,832	468,016	476,085	606,963	309,372	298,703	225,375	350,012	237,787	154,261
Number Of Employees	90	57	34	22	19	21	19	22	11	10	8	13	9	7
EBITDA*	132,141	90,954	264,399	163,926	175,811	180,651	262,689	253,506	-16,251	52,653	12,273	81,387	21,759	50,796

* 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	127,656	107,561	62,559	46,487	50,092	57,149	77,382	50,887	40,884	20,267	21,209	21,063	13,875	15,926
Intangible Assets	2,232,349	991,474	485,279	0	144,933	301,055	453,770	683,441	910,266	0	0	27,125	60,280	27,500
Investments & Other	0	0	0	0	0	1	1	1	1	1	1	1	1	1
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,360,005	1,099,035	547,838	46,487	195,025	358,205	531,153	734,329	951,151	20,268	21,210	48,189	74,156	43,427
Stock & work in progress	0	0	60,000	60,000	35,000	35,000	25,000	0	0	0	0	0	0	0
Trade Debtors	451,778	343,756	354,302	211,213	190,132	201,646	231,159	224,155	100,912	77,611	61,156	94,659	63,356	52,497
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	301,681	75,579	65,915	42,525	43,409	37,683	40,289	42,150	0	0	0	0	0	11,065
Cash	20,601	358,517	245,533	80,188	70,197	80,017	238,656	215,123	143,034	48,254	10,675	25,594	16,373	27,032
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	774,060	777,852	725,750	393,926	338,738	354,346	535,104	481,428	243,946	125,865	71,831	120,253	79,729	90,594
total assets	3,134,065	1,876,887	1,273,588	440,413	533,763	712,551	1,066,257	1,215,757	1,195,097	146,133	93,041	168,442	153,885	134,021
Bank overdraft	362,768	10,000	32,639	36,667	37,000	40,000	40,000	45,000	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	307,698	297,597	241,392	179,605	118,954	157,783	167,941	123,412	276,827	91,691	75,063	121,994	153,238	123,739
Group/Directors Accounts	0	0	0	0	0	500	500	500	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	1,238,389	387,948	325,284	158,955	277,685	348,346	457,573	407,755	0	0	0	0	0	0
total current liabilities	1,908,855	695,545	599,315	375,227	433,639	546,629	666,014	576,667	276,827	91,691	75,063	121,994	153,238	123,739
loans	0	32,500	39,583	22,222	3,333	40,333	80,333	134,114	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	1,078,623	904,178	402,944	0	55,556	86,238	281,331	478,639	897,007	0	0	8,333	0	0
provisions	24,131	20,313	11,886	8,833	9,517	10,858	10,398	0	0	0	0	0	0	0
total long term liabilities	1,102,754	956,991	454,413	31,055	68,406	137,429	372,062	612,753	897,007	0	0	8,333	0	0
total liabilities	3,011,609	1,652,536	1,053,728	406,282	502,045	684,058	1,038,076	1,189,420	1,173,834	91,691	75,063	130,327	153,238	123,739
net assets	122,456	224,351	219,860	34,131	31,718	28,493	28,181	26,337	21,263	54,442	17,978	38,115	647	10,282
total shareholders funds	122,456	224,351	219,860	34,131	31,718	28,493	28,181	26,337	21,263	54,442	17,978	38,115	647	10,282

	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	-89,182	7,151	233,131	5,930	7,491	6,110	11,096	11,268	-33,657	47,209	-20,228	50,528	-9,744	14,075
Depreciation	33,707	24,741	15,634	13,063	15,605	21,826	21,922	15,413	6,816	5,444	5,376	3,734	4,003	3,721
Amortisation	187,616	59,062	15,634	144,933	152,715	152,715	229,671	226,825	10,590	0	27,125	27,125	27,500	33,000
Tax	0	-1,053	-43,566	-566	-756	-73	-461	-1,268	0	-10,892	0	-13,164	0	-3,960
Stock	0	-60,000	0	25,000	0	10,000	25,000	0	0	0	0	0	0	0
Debtors	334,124	-882	166,479	20,197	-5,788	-32,119	5,143	165,393	23,301	16,455	-33,503	31,303	-206	63,562
Creditors	10,101	56,205	61,787	60,651	-38,829	-10,158	44,529	-153,415	185,136	16,628	-46,931	-31,244	29,499	123,739
Accruals and Deferred Income	850,441	62,664	166,329	-118,730	-70,661	-109,227	49,818	407,755	0	0	0	0	0	0
Deferred Taxes & Provisions	3,818	8,427	3,053	-684	-1,341	460	10,398	0	0	0	0	0	0	0
Cash flow from operations	662,377	278,079	285,523	59,400	70,012	83,772	336,830	341,185	145,584	41,934	-1,155	5,676	51,464	107,013
Investing Activities
capital expenditure	-1,482,293	-635,000	-532,619	-9,458	-5,141	-1,593	-48,417	-25,416	-948,289	-4,502	-5,522	-4,892	-62,232	-80,147
Change in Investments	0	0	0	0	-1	0	0	0	0	0	0	0	0	1
cash flow from investments	-1,482,293	-635,000	-532,619	-9,458	-5,140	-1,593	-48,417	-25,416	-948,289	-4,502	-5,522	-4,892	-62,232	-80,148
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	-500	0	0	500	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	-32,500	-7,083	17,361	18,889	-37,000	-40,000	-53,781	134,114	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	174,445	501,234	402,944	-55,556	-30,682	-195,093	-197,308	-418,368	897,007	0	-8,333	8,333	0	0
share issue	1	0	0	0	0	0	0	0	0	0	0	0	0	99
interest	-12,714	-1,607	-3,836	-2,951	-3,509	-5,725	-8,791	-4,926	478	147	91	105	109	68
cash flow from financing	129,232	492,544	416,469	-39,618	-71,691	-240,818	-259,880	-288,680	897,485	147	-8,242	8,438	109	167
cash and cash equivalents
cash	-337,916	112,984	165,345	9,991	-9,820	-158,639	23,533	72,089	94,780	37,579	-14,919	9,221	-10,659	27,032
overdraft	352,768	-22,639	-4,028	-333	-3,000	0	-5,000	45,000	0	0	0	0	0	0
change in cash	-690,684	135,623	169,373	10,324	-6,820	-158,639	28,533	27,089	94,780	37,579	-14,919	9,221	-10,659	27,032

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NUVO ACCOUNTANCY LIMITED group structure

Nuvo Accountancy Limited has 2 subsidiary companies.

Ultimate parent company

NUVO ACCOUNTANCY LIMITED

05061184

2 subsidiaries

PETER CHALK AND RPP TAXATION SERVICES LIMITED

04551413

NUVO LIMITED

15302866

NUVO ACCOUNTANCY LIMITED Shareholders

stephen sharp	33%
simon rogers	32%
chelsey todd	10%
daniel johnson	10%
benjamin knapp	10%
philip reader	5%

Nuvo Accountancy Limited currently has 4 directors. The longest serving directors include Mr Stephen Sharp (Mar 2006) and Mr Daniel Johnson (Sep 2023).

officer	country	age	start	end	role
Mr Stephen Sharp	United Kingdom	41 years	Mar 2006	-	Director
Mr Daniel Johnson	United Kingdom	35 years	Sep 2023	-	Director
Mr Benjamin Knapp	United Kingdom	29 years	Sep 2023	-	Director
Mr Simon Rogers	United Kingdom	41 years	Sep 2023	-	Director

P&L

March 2023

turnover

+50%

operating profit

-89.2k

gross margin

69.1%

+5.77%

turnover

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

Balance Sheet

March 2023

net assets

122.5k

-0.45%

total assets

3.1m

+0.67%

cash

20.6k

-0.94%

net assets

Total assets minus all liabilities

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company number

05061184

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

March 2004

ultimate parent company

None

previous names

ads accountancy limited (April 2023)

address

first floor, sterling house, outrams wharf, little eaton, derby, DE21 5EL

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 2 charges/mortgages relating to nuvo accountancy limited. Currently there are 1 open charges and 1 have been satisfied in the past.

nuvo accountancy limited Company Information

nuvo accountancy limited Estimated Valuation

nuvo accountancy limited Estimated Valuation

nuvo accountancy limited Estimated Valuation

Nuvo Accountancy Limited Overview

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NUVO ACCOUNTANCY LIMITED financials

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