The Innovation Unit Limited

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the innovation unit limited Company Information

Live

EstablishedSmallHealthy

Company Number

05997039

Website

http://innovationunit.org

Registered Address

runway east, 20 st. thomas street, london, SE1 9RS

Industry

Educational support activities

Management consultancy activities (other than financial management)

Telephone

02039185170

Next Accounts Due

December 2024

Group Structure

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Directors

Valerie Hannon14 Years

David Roberts13 Years

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Shareholders

-0%

the innovation unit limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of THE INNOVATION UNIT LIMITED at £2.5m based on a Turnover of £3.3m and 0.76x industry multiple (adjusted for size and gross margin).

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The Innovation Unit Limited is a live company located in london, SE1 9RS with a Companies House number of 05997039. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in November 2006, it's largest shareholder is unknown. The Innovation Unit Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded The Innovation Unit Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £3.3m, make it larger than the average company (£337.9k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5%)

EXPORT

The Innovation Unit Limited's latest turnover from March 2023 is £3.3 million and the company has net assets of £977 thousand. According to their latest financial statements, The Innovation Unit Limited has 33 employees and maintains cash reserves of £718.4 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	3,279,745	3,007,252	4,555,364	2,852,605	3,549,342	3,215,601	3,414,914	2,921,098	3,069,915	4,231,863	5,033,617	1,723,622	1,504,725	1,625,787
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	846,617	925,073	1,934,258	1,249,682	1,419,020	1,234,166	1,350,126	1,263,905	0	1,834,525	2,103,487	618,131	570,071	619,509
Gross Profit	2,433,128	2,082,179	2,621,107	1,602,923	2,130,322	1,981,435	2,064,788	1,657,193	3,069,915	2,397,338	2,930,130	1,105,491	934,654	1,006,278
Admin Expenses	2,308,541	1,978,817	2,544,186	1,395,867	1,840,036	2,034,369	1,978,382	1,655,827	2,937,506	2,505,535	2,831,104	1,117,067	909,970	991,956
Operating Profit	124,587	103,362	76,921	207,056	290,286	-52,934	86,406	1,366	132,409	-108,197	99,026	-11,576	24,684	14,322
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	563	0	890	887	5,216	0	2	280	405	1,521	2,294	533	540	458
Pre-Tax Profit	125,150	103,362	77,811	207,943	295,501	-52,934	86,408	1,646	132,814	-106,676	101,320	-11,043	25,224	14,780
Tax	-23,463	-24,105	-14,784	-39,509	-56,145	-11,437	-26,711	-2,132	-32,433	0	-24,317	-629	-113	-96
Profit After Tax	101,687	79,257	63,027	168,434	239,356	-64,371	59,697	-486	100,381	-106,676	77,003	-11,672	25,111	14,684
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	101,687	79,257	63,027	168,434	239,356	-64,371	59,697	-486	100,381	-106,676	77,003	-11,672	25,111	14,684
Employee Costs	1,876,128	1,588,328	2,230,492	1,326,883	1,882,004	1,020,594	967,502	1,259,905	1,555,643	2,228,566	2,782,678	512,714	479,172	346,581
Number Of Employees	33	37	73	43	52	30	28	34	41	58	73	13	11	8
EBITDA*	129,056	109,542	85,232	222,489	304,088	-44,691	90,471	9,088	139,444	-102,402	101,144	-9,655	27,853	16,139

* 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	17,358	11,430	3,446	7,244	9,298	6,674	2,082	6,101	14,102	15,469	6,792	4,298	1,515	2,364
Intangible Assets	0	0	0	3,829	12,853	21,837	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	17,358	11,430	3,446	11,073	22,151	28,511	2,082	6,101	14,102	15,469	6,792	4,298	1,515	2,364
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,020,492	899,109	763,875	478,054	602,275	614,017	623,941	555,292	591,861	529,755	593,228	205,076	204,470	211,656
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	261,735	228,473	163,518	105,352	64,751	77,657	143,587	174,095	203,553	0	0	50,832	82,118	3,333
Cash	718,445	867,867	949,785	829,722	944,282	446,536	405,453	234,121	331,152	162,028	446,282	471,369	235,060	347,300
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,000,672	1,995,449	1,877,178	1,413,128	1,611,308	1,138,210	1,172,981	963,508	1,126,566	691,783	1,039,510	727,277	521,648	562,289
total assets	2,018,030	2,006,879	1,880,624	1,424,201	1,633,459	1,166,721	1,175,063	969,609	1,140,668	707,252	1,046,302	731,575	523,163	564,653
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	137,394	249,694	216,806	157,052	227,932	217,926	380,564	232,990	19,789	454,442	686,816	54,349	75,959	82,598
Group/Directors Accounts	0	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	899,305	879,058	867,771	534,129	840,941	623,565	404,898	406,715	790,489	0	0	394,743	153,049	213,012
total current liabilities	1,036,699	1,128,752	1,084,577	691,181	1,068,873	841,491	785,462	639,705	810,278	454,442	686,816	449,092	229,008	295,610
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	4,340	2,823	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	4,340	2,823	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,041,039	1,131,575	1,084,577	691,181	1,068,873	841,491	785,462	639,705	810,278	454,442	686,816	449,092	229,008	295,610
net assets	976,991	875,304	796,047	733,020	564,586	325,230	389,601	329,904	330,390	252,810	359,486	282,483	294,155	269,043
total shareholders funds	976,991	875,304	796,047	733,020	564,586	325,230	389,601	329,904	330,390	252,810	359,486	282,483	294,155	269,043

	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	124,587	103,362	76,921	207,056	290,286	-52,934	86,406	1,366	132,409	-108,197	99,026	-11,576	24,684	14,322
Depreciation	4,469	6,180	4,483	6,409	4,818	3,085	4,065	7,722	7,035	5,795	2,118	1,921	3,169	1,817
Amortisation	0	0	3,828	9,024	8,984	5,158	0	0	0	0	0	0	0	0
Tax	-23,463	-24,105	-14,784	-39,509	-56,145	-11,437	-26,711	-2,132	-32,433	0	-24,317	-629	-113	-96
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	154,645	200,189	343,987	-83,620	-24,648	-75,854	38,141	-66,027	265,659	-63,473	337,320	-30,680	71,599	214,989
Creditors	-112,300	32,888	59,754	-70,880	10,006	-162,638	147,574	213,201	-434,653	-232,374	632,467	-21,610	-6,639	82,598
Accruals and Deferred Income	20,247	11,287	333,642	-306,812	217,376	218,667	-1,817	-383,774	790,489	0	-394,743	241,694	-59,963	213,012
Deferred Taxes & Provisions	1,517	2,823	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-139,588	-67,754	119,857	-111,092	499,973	75,755	171,376	-97,590	197,188	-271,303	-22,769	240,480	-110,461	96,664
Investing Activities
capital expenditure	0	0	-684	-4,355	-7,442	-34,672	-46	279	-5,668	-14,472	-4,612	-4,704	-2,320	-4,181
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-684	-4,355	-7,442	-34,672	-46	279	-5,668	-14,472	-4,612	-4,704	-2,320	-4,181
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	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
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	0	0	0	0	0	0	0	0	-22,801	0	0	0	1	254,359
interest	563	0	890	887	5,216	0	2	280	405	1,521	2,294	533	540	458
cash flow from financing	563	0	890	887	5,216	0	2	280	-22,396	1,521	2,294	533	541	254,817
cash and cash equivalents
cash	-149,422	-81,918	120,063	-114,560	497,746	41,083	171,332	-97,031	169,124	-284,254	-25,087	236,309	-112,240	347,300
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-149,422	-81,918	120,063	-114,560	497,746	41,083	171,332	-97,031	169,124	-284,254	-25,087	236,309	-112,240	347,300

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE INNOVATION UNIT LIMITED group structure

The Innovation Unit Limited has no subsidiary companies.

Ultimate parent company

THE INNOVATION UNIT LIMITED

05997039

THE INNOVATION UNIT LIMITED Shareholders

The Innovation Unit Limited currently has 7 directors. The longest serving directors include Ms Valerie Hannon (Apr 2010) and Mr David Roberts (Apr 2011).

officer	country	age	start	end	role
Ms Valerie Hannon	England	75 years	Apr 2010	-	Director
Mr David Roberts	England	77 years	Apr 2011	-	Director
Mr James Thomas	England	57 years	Mar 2019	-	Director
Miss Olufunmike Afuape	England	56 years	Apr 2022	-	Director
Dr Charlotte Augst	England	52 years	Jul 2024	-	Director
Mr Shane Ryan	England	55 years	Sep 2024	-	Director
Mrs Therese Bynon	England	61 years	Sep 2024	-	Director

P&L

March 2023

turnover

3.3m

+9%

operating profit

124.6k

+21%

gross margin

74.2%

+7.15%

turnover

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

Balance Sheet

March 2023

net assets

977k

+0.12%

total assets

+0.01%

cash

718.4k

-0.17%

net assets

Total assets minus all liabilities

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company number

05997039

Type

Private Ltd By Guarantee w/o Share Cap

industry

85600 - Educational support activities

70229 - Management consultancy activities (other than financial management)

incorporation date

November 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

runway east, 20 st. thomas street, london, SE1 9RS

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the innovation unit limited Company Information

the innovation unit limited Estimated Valuation

the innovation unit limited Estimated Valuation

the innovation unit limited Estimated Valuation

The Innovation Unit Limited Overview

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THE INNOVATION UNIT LIMITED financials

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the innovation unit limited Companies House Filings - See Documents