Nova Express Limited

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nova express limited Company Information

Company Number

05439554

Next Accounts

Jun 2025

Directors

John Richardson

Erik Holden

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Shareholders

john richardson

Group Structure

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Industry

Freight transport by road

Registered Address

1 holdford road, witton, birmingham, west midlands, B6 7EP

Website

www.novaexpress.co.uk

nova express limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of NOVA EXPRESS LIMITED at £4m based on an EBITDA of £1.2m and a 3.42x industry multiple (adjusted for size and gross margin).

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Nova Express Limited is a live company located in birmingham, B6 7EP with a Companies House number of 05439554. It operates in the freight transport by road sector, SIC Code 49410. Founded in April 2005, it's largest shareholder is john richardson with a 100% stake. Nova Express 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 Nova Express Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £5.7m, make it smaller than the average company (£9m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.6%)

EXPORT

Nova Express Limited's latest turnover from September 2023 is estimated at £5.7 million and the company has net assets of £1.3 million. According to their latest financial statements, Nova Express Limited has 46 employees and maintains cash reserves of £80.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	5,726,403	5,184,498	4,776,452	3,827,528	2,327,697	2,490,823	2,298,054	2,178,125	3,739,388	3,992,105	3,070,430	2,579,669	1,839,653	1,526,318	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,901,590	4,433,292	4,130,726	3,322,178	2,023,500	2,167,701	1,982,243	1,870,981	3,233,256	3,494,182	2,714,280	2,282,629	1,607,285	1,317,966	0
Gross Profit	824,813	751,207	645,726	505,349	304,197	323,122	315,810	307,144	506,132	497,923	356,150	297,040	232,368	208,352	0
Admin Expenses	217,245	721,224	79,749	42,696	171,400	280,432	380,459	253,305	363,379	539,110	340,163	258,246	282,444	200,609	-72,386
Operating Profit	607,568	29,983	565,977	462,653	132,797	42,690	-64,649	53,839	142,753	-41,187	15,987	38,794	-50,076	7,743	72,386
Interest Payable	79,680	61,958	43,069	39,621	36,293	36,218	33,129	16,693	0	0	0	0	0	0	0
Interest Receivable	8,293	5,531	241	177	969	1,009	335	346	684	578	522	261	0	0	0
Pre-Tax Profit	536,180	-26,444	523,149	423,209	97,474	7,480	-97,443	37,491	143,438	-40,609	16,509	39,055	-50,076	7,743	72,386
Tax	-134,045	0	-99,398	-80,410	-18,520	-1,421	0	-7,498	-28,687	0	-3,797	-9,373	0	-2,168	-20,268
Profit After Tax	402,135	-26,444	423,751	342,799	78,954	6,059	-97,443	29,993	114,750	-40,609	12,712	29,682	-50,076	5,575	52,118
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	402,135	-26,444	423,751	342,799	78,954	6,059	-97,443	29,993	114,750	-40,609	12,712	29,682	-50,076	5,575	52,118
Employee Costs	1,835,607	1,861,810	1,530,588	1,200,454	1,092,245	1,193,123	1,159,801	347,415	625,575	658,935	506,194	438,992	316,711	282,873	0
Number Of Employees	46	49	44	35	32	36	36	11	20	22	17	15	11	10	0
EBITDA*	1,160,903	453,016	913,434	462,653	312,576	177,268	141,978	178,239	292,881	106,067	109,931	110,163	9,335	62,172	112,247

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	2,386,229	1,908,957	1,530,431	1,028,565	704,011	578,021	583,918	704,771	559,940	422,199	452,474	320,787	204,580	190,521	96,878
Intangible Assets	3,538	5,306	7,075	0	6,989	13,978	20,967	20,967	27,956	34,944	41,933	48,922	51,508	54,095	56,681
Investments & Other	0	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	0
Total Fixed Assets	2,389,767	1,914,263	1,537,506	1,028,565	711,000	591,999	604,885	725,738	587,896	457,143	494,407	369,709	256,088	244,616	153,559
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,603,028	1,505,772	1,455,680	1,195,737	513,377	529,428	520,245	566,363	534,181	543,963	391,969	362,487	280,701	270,192	161,218
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	99,014	115,908	59,948	2,810	0	0	0	0	0	0	0
Cash	80,272	235,636	256,019	225,718	127,658	130,859	138,110	129,713	146,693	126,993	104,365	104,479	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,683,300	1,741,408	1,711,699	1,421,455	740,049	776,195	718,303	698,886	680,874	670,956	496,334	466,966	280,701	270,192	161,218
total assets	4,073,067	3,655,671	3,249,205	2,450,020	1,451,049	1,368,194	1,323,188	1,424,624	1,268,770	1,128,099	990,741	836,675	536,789	514,808	314,777
Bank overdraft	555,699	860,842	641,177	770,907	528,149	547,189	525,949	534,173	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	447,993	447,409	453,883	171,856	234,301	276,132	216,840	206,657	948,583	1,042,457	838,123	691,817	490,629	395,415	207,278
Group/Directors Accounts	9,985	9,985	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	0
hp & lease commitments	0	0	0	0	0	156,386	134,420	142,876	0	0	0	0	0	0	0
other current liabilities	703,791	558,793	436,822	417,104	233,187	148,355	196,811	104,142	0	0	0	0	0	0	0
total current liabilities	1,717,468	1,877,029	1,531,882	1,359,867	995,637	1,128,062	1,074,020	987,848	948,583	1,042,457	838,123	691,817	490,629	395,415	207,278
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	167,504	182,599	242,764	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	1,973	2,201	600	1,200	0	0	0
other liabilities	871,776	746,954	709,191	545,772	283,830	0	0	0	174,737	74,038	102,006	106,358	38,542	61,699	55,380
provisions	199,866	149,866	99,866	59,866	29,866	9,866	9,866	39,866	19,324	0	0	0	0	0	0
total long term liabilities	1,071,642	896,820	809,057	605,638	313,696	177,370	192,465	282,630	196,034	76,239	102,606	107,558	38,542	61,699	55,380
total liabilities	2,789,110	2,773,849	2,340,939	1,965,505	1,309,333	1,305,432	1,266,485	1,270,478	1,144,617	1,118,696	940,729	799,375	529,171	457,114	262,658
net assets	1,283,957	881,822	908,266	484,515	141,716	62,762	56,703	154,146	124,153	9,403	50,012	37,300	7,618	57,694	52,119
total shareholders funds	1,283,957	881,822	908,266	484,515	141,716	62,762	56,703	154,146	124,153	9,403	50,012	37,300	7,618	57,694	52,119

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	607,568	29,983	565,977	462,653	132,797	42,690	-64,649	53,839	142,753	-41,187	15,987	38,794	-50,076	7,743	72,386
Depreciation	551,567	421,264	347,457	0	172,790	127,589	206,627	117,411	143,140	140,265	86,955	68,783	56,824	51,843	37,275
Amortisation	1,768	1,769	0	0	6,989	6,989	0	6,989	6,988	6,989	6,989	2,586	2,587	2,586	2,586
Tax	-134,045	0	-99,398	-80,410	-18,520	-1,421	0	-7,498	-28,687	0	-3,797	-9,373	0	-2,168	-20,268
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	97,256	50,092	259,943	583,346	-32,945	65,143	11,020	34,992	-9,782	151,994	29,482	81,786	10,509	108,974	161,218
Creditors	584	-6,474	282,027	-62,445	-41,831	59,292	10,183	-741,926	-93,874	204,334	146,306	201,188	95,214	188,137	207,278
Accruals and Deferred Income	144,998	121,971	19,718	183,917	84,832	-48,456	92,669	102,169	-228	1,601	-600	1,200	0	0	0
Deferred Taxes & Provisions	50,000	50,000	40,000	30,000	20,000	0	-30,000	20,542	19,324	0	0	0	0	0	0
Cash flow from operations	1,125,184	568,421	895,838	-49,631	390,002	121,540	203,810	-483,466	199,198	160,008	222,358	221,392	94,040	139,167	138,039
Investing Activities
capital expenditure	-1,028,839	-799,790	-856,398	-317,565	-298,780	-121,692	-85,774	-262,242	-280,881	-109,990	-218,642	-184,990	-70,883	-145,486	-193,420
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,028,839	-799,790	-856,398	-317,565	-298,780	-121,692	-85,774	-262,242	-280,881	-109,990	-218,642	-184,990	-70,883	-145,486	-193,420
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	9,985	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	0	0
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	-323,890	6,871	-68,621	385,640	0	0	0	0	0	0	0
other long term liabilities	124,822	37,763	163,419	261,942	283,830	0	0	-174,737	100,699	-27,968	-4,352	67,816	-23,157	6,319	55,380
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-71,387	-56,427	-42,828	-39,444	-35,324	-35,209	-32,794	-16,347	684	578	522	261	0	0	0
cash flow from financing	53,435	-8,679	120,591	222,498	-75,384	-28,338	-101,415	194,556	101,383	-27,390	-3,830	68,077	-23,157	6,319	55,381
cash and cash equivalents
cash	-155,364	-20,383	30,301	98,060	-3,201	-7,251	8,397	-16,980	19,700	22,628	-114	104,479	0	0	0
overdraft	-305,143	219,665	-129,730	242,758	-19,040	21,240	-8,224	534,173	0	0	0	0	0	0	0
change in cash	149,779	-240,048	160,031	-144,698	15,839	-28,491	16,621	-551,153	19,700	22,628	-114	104,479	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NOVA EXPRESS LIMITED group structure

Nova Express Limited has no subsidiary companies.

Ultimate parent company

NOVA EXPRESS LIMITED

05439554

NOVA EXPRESS LIMITED Shareholders

john richardson

100%

Nova Express Limited currently has 3 directors. The longest serving directors include Mr John Richardson (Apr 2005) and Mr Erik Holden (Apr 2021).

officer	country	age	start	end	role
Mr John Richardson	United Kingdom	52 years	Apr 2005	-	Director
Mr Erik Holden		59 years	Apr 2021	-	Director
Mrs Helen Richardson		48 years	Apr 2021	-	Director

P&L

September 2023

turnover

5.7m

+10%

operating profit

607.6k

gross margin

14.5%

-0.59%

turnover

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

Balance Sheet

September 2023

net assets

1.3m

+0.46%

total assets

4.1m

+0.11%

cash

80.3k

-0.66%

net assets

Total assets minus all liabilities

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company number

05439554

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

April 2005

ultimate parent company

None

previous names

N/A

address

1 holdford road, witton, birmingham, west midlands, B6 7EP

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 nova express limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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nova express limited Company Information

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nova express limited Estimated Valuation

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