Nowcomm Ltd

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nowcomm ltd Company Information

Company Number

05608365

Next Accounts

3 days late

Directors

Richard Pennington

Christopher Malthouse

Shareholders

nas property investments ltd

richard mcloughlin

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Group Structure

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Industry

Computer consultancy activities

Registered Address

3 scholar green road, stretford, manchester, M32 0TR

Website

www.nowcomm.co.uk

nowcomm ltd Estimated Valuation

£5.8m

Pomanda estimates the enterprise value of NOWCOMM LTD at £5.8m based on an EBITDA of £1.7m and a 3.43x industry multiple (adjusted for size and gross margin).

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Nowcomm Ltd is a live company located in manchester, M32 0TR with a Companies House number of 05608365. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2005, it's largest shareholder is nas property investments ltd with a 50% stake. Nowcomm Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with rapid growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£6.6m)

Growth

3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (4.9%)

EXPORT

Nowcomm Ltd's latest turnover from June 2023 is estimated at £5.1 million and the company has net assets of £1.2 million. According to their latest financial statements, Nowcomm Ltd has 33 employees and maintains cash reserves of £708.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	5,097,545	2,198,719	1,868,082	1,736,074	1,786,844	1,540,580	1,800,360	2,536,574	4,191,965	6,764,214	4,323,077	3,762,664	2,184,165	2,615,999
Other Income Or Grants
Cost Of Sales	3,938,111	1,707,642	1,429,714	1,321,187	1,361,761	1,165,519	1,331,100	1,852,738	3,077,656	4,943,870	3,077,412	2,183,902	1,193,190	1,455,470
Gross Profit	1,159,434	491,078	438,368	414,888	425,082	375,061	469,261	683,836	1,114,309	1,820,344	1,245,665	1,578,762	990,975	1,160,529
Admin Expenses	-433,558	72,336	96,841	180,920	-775,825	198,892	154,172	1,091,161	1,181,644	1,830,516	744,284	1,150,852	1,182,502	1,064,044
Operating Profit	1,592,992	418,742	341,527	233,968	1,200,907	176,169	315,089	-407,325	-67,335	-10,172	501,381	427,910	-191,527	96,485
Interest Payable		7,813	7,625					29,250	58,500	58,500	74,175	22,562	30,366	31,178
Interest Receivable	17,707	3,414	1,266	8,667	5,138	2,975	1,724	3,462	2,437	2,308	2,408	126	9	16
Pre-Tax Profit	1,610,699	414,343	335,168	242,635	1,206,044	179,144	316,812	-433,113	-123,398	-66,364	429,614	405,474	-221,884	65,323
Tax	-402,675	-78,725	-63,682	-46,101	-229,148	-34,037	-60,194				-98,811	100,972	112,008	13,332
Profit After Tax	1,208,024	335,618	271,486	196,534	976,896	145,107	256,618	-433,113	-123,398	-66,364	330,803	506,446	-109,876	78,655
Dividends Paid
Retained Profit	1,208,024	335,618	271,486	196,534	976,896	145,107	256,618	-433,113	-123,398	-66,364	330,803	506,446	-109,876	78,655
Employee Costs	1,955,109	1,688,122	1,500,093	1,371,419	1,379,862	1,135,731	1,067,215	1,518,795	815,059	1,240,996	813,504	713,351	438,447	491,175
Number Of Employees	33	29	27	24	23	21	20	28	15	23	16	14	9	10
EBITDA*	1,701,239	490,398	391,498	272,459	1,227,472	223,828	356,643	-351,030	-2,531	62,825	549,579	468,501	-142,868	155,322

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	75,222	94,971	120,860	67,115	53,828	67,475	48,774	73,890	125,420	160,154	144,185	74,561	85,702	132,130
Intangible Assets	24,159	29,990	14,598	19,653	17,029	22,676
Investments & Other								212,679
Debtors (Due After 1 year)	2,284,554	1,112,068	1,069,296	553,220	531,942
Total Fixed Assets	2,383,935	1,237,029	1,204,754	639,988	602,799	90,151	48,774	286,569	125,420	160,154	144,185	74,561	85,702	132,130
Stock & work in progress	30,107	30,107	29,823	29,168	25,207	55,187	88,944	126,114	145,290	170,019	175,961	249,478	168,438	156,738
Trade Debtors	1,012,516	616,318	590,829	460,309	569,053	568,606	631,131	667,778	1,123,704	1,814,389	1,188,518	671,417	234,559	361,705
Group Debtors				49,585	104,125
Misc Debtors	2,133,819	1,638,860	1,468,041	1,348,284	1,189,929	1,466,741	1,284,902	608,917				570,211	340,574	231,659
Cash	708,283	1,644,358	1,086,650	1,446,161	864,991	684,891	505,127	873,686	511,198	463,606	459,535	503,684	328,475	47,651
misc current assets
total current assets	3,884,725	3,929,643	3,175,343	3,333,507	2,753,305	2,775,425	2,510,104	2,276,495	1,780,192	2,448,014	1,824,014	1,994,790	1,072,046	797,753
total assets	6,268,660	5,166,672	4,380,097	3,973,495	3,356,104	2,865,576	2,558,878	2,563,064	1,905,612	2,608,168	1,968,199	2,069,351	1,157,748	929,883
Bank overdraft			31,250
Bank loan
Trade Creditors	4,549,462	508,307	240,984	493,494	423,641	249,643	424,474	790,019	1,627,788	2,146,946	1,380,613	462,359	253,698	199,920
Group/Directors Accounts		231,200	35,000	52,500					60,000	60,000	43,433
other short term finances
hp & lease commitments
other current liabilities	489,323	3,625,302	3,378,077	3,227,273	2,934,238	2,549,497	2,213,075	2,048,334				1,167,916	971,420	687,457
total current liabilities	5,038,785	4,364,809	3,685,311	3,773,267	3,357,879	2,799,140	2,637,549	2,838,353	1,687,788	2,206,946	1,424,046	1,630,275	1,225,118	887,377
loans			218,750						900,000	900,000	900,000	1,382,293	1,382,293
hp & lease commitments
Accruals and Deferred Income
other liabilities						900,000	900,000	960,000	120,000	180,000	256,567			1,382,293
provisions	21,551		9,791	5,469
total long term liabilities	21,551		228,541	5,469		900,000	900,000	960,000	1,020,000	1,080,000	1,156,567	1,382,293	1,382,293	1,382,293
total liabilities	5,060,336	4,364,809	3,913,852	3,778,736	3,357,879	3,699,140	3,537,549	3,798,353	2,707,788	3,286,946	2,580,613	3,012,568	2,607,411	2,269,670
net assets	1,208,324	801,863	466,245	194,759	-1,775	-833,564	-978,671	-1,235,289	-802,176	-678,778	-612,414	-943,217	-1,449,663	-1,339,787
total shareholders funds	1,208,324	801,863	466,245	194,759	-1,775	-833,564	-978,671	-1,235,289	-802,176	-678,778	-612,414	-943,217	-1,449,663	-1,339,787

	Jun 2023	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	1,592,992	418,742	341,527	233,968	1,200,907	176,169	315,089	-407,325	-67,335	-10,172	501,381	427,910	-191,527	96,485
Depreciation	82,203	50,542	38,830	30,891	20,788	44,421	41,554	56,295	64,804	72,997	48,198	40,591	48,659	58,837
Amortisation	26,044	21,114	11,141	7,600	5,777	3,238
Tax	-402,675	-78,725	-63,682	-46,101	-229,148	-34,037	-60,194				-98,811	100,972	112,008	13,332
Stock	30,107	284	655	3,961	-63,737	-33,757	-37,170	-19,176	-24,729	-5,942	-73,517	81,040	11,700	156,738
Debtors	5,430,889	239,080	716,768	16,349	479,016	119,314	639,338	152,991	-690,685	625,871	-53,110	666,495	-18,231	593,364
Creditors	4,549,462	267,323	-252,510	69,853	-833	-174,831	-365,545	-837,769	-519,158	766,333	918,254	208,661	53,778	199,920
Accruals and Deferred Income	489,323	247,225	150,804	293,035	721,163	336,422	164,741	2,048,334			-1,167,916	196,496	283,963	687,457
Deferred Taxes & Provisions	21,551	-9,791	4,322	5,469
Cash flow from operations	897,904	677,066	-486,991	574,405	1,303,375	265,825	-506,523	725,720	193,725	209,229	327,733	227,095	313,412	305,929
Investing Activities
capital expenditure	-207,628	-61,159	-98,661	-54,402	-48,648	-89,036	-16,438	-4,765	-30,070	-88,966	-117,822	-29,450	-2,231	-190,967
Change in Investments							-212,679	212,679
cash flow from investments	-207,628	-61,159	-98,661	-54,402	-48,648	-89,036	196,241	-217,444	-30,070	-88,966	-117,822	-29,450	-2,231	-190,967
Financing Activities
Bank loans
Group/Directors Accounts		196,200	-17,500	52,500				-60,000		16,567	43,433
Other Short Term Loans
Long term loans		-218,750	218,750					-900,000			-482,293		1,382,293
Hire Purchase and Lease Commitments
other long term liabilities					-900,000		-60,000	840,000	-60,000	-76,567	256,567		-1,382,293	1,382,293
share issue	300													-1,418,442
interest	17,707	-4,399	-6,359	8,667	5,138	2,975	1,724	-25,788	-56,063	-56,192	-71,767	-22,436	-30,357	-31,162
cash flow from financing	18,007	-26,949	194,891	61,167	-894,862	2,975	-58,276	-145,788	-116,063	-116,192	-254,060	-22,436	-30,357	-67,311
cash and cash equivalents
cash	708,283	557,708	-359,511	581,170	359,864	179,764	-368,559	362,488	47,592	4,071	-44,149	175,209	280,824	47,651
overdraft		-31,250	31,250
change in cash	708,283	588,958	-390,761	581,170	359,864	179,764	-368,559	362,488	47,592	4,071	-44,149	175,209	280,824	47,651

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NOWCOMM LTD group structure

Nowcomm Ltd has no subsidiary companies.

Ultimate parent company

NOWCOMM LTD

05608365

NOWCOMM LTD Shareholders

nas property investments ltd	50%
richard mcloughlin	16.67%
mark james lamont	16.67%
edward james baly	16.67%

Nowcomm Ltd currently has 2 directors. The longest serving directors include Mr Richard Pennington (Apr 2023) and Mr Christopher Malthouse (Apr 2023).

officer	country	age	start	end	role
Mr Richard Pennington	England	53 years	Apr 2023	-	Director
Mr Christopher Malthouse	United Kingdom	56 years	Apr 2023	-	Director

P&L

June 2023

turnover

5.1m

operating profit

1.6m

gross margin

22.8%

turnover

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

Balance Sheet

June 2023

net assets

1.2m

total assets

6.3m

cash

708.3k

net assets

Total assets minus all liabilities

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company number

05608365

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

61900 - Other telecommunications activities

incorporation date

November 2005

ultimate parent company

None

previous names

N/A

address

3 scholar green road, stretford, manchester, M32 0TR

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.

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nowcomm ltd Company Information

nowcomm ltd Estimated Valuation

nowcomm ltd Estimated Valuation

nowcomm ltd Estimated Valuation

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NOWCOMM LTD financials

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