novo business network ltd

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novo business network ltd Company Information

Share NOVO BUSINESS NETWORK LTD

Company Number

06607111

Shareholders

interlace consulting ltd

Group Structure

View All

Industry

Management consultancy activities (other than financial management)

 

Registered Address

fifth floor 5 new street square, london, EC4A 3BF

Website

-

novo business network ltd Estimated Valuation

£76.3k

Pomanda estimates the enterprise value of NOVO BUSINESS NETWORK LTD at £76.3k based on a Turnover of £158.3k and 0.48x industry multiple (adjusted for size and gross margin).

novo business network ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of NOVO BUSINESS NETWORK LTD at £0 based on an EBITDA of £0 and a 4.15x industry multiple (adjusted for size and gross margin).

novo business network ltd Estimated Valuation

£2.8k

Pomanda estimates the enterprise value of NOVO BUSINESS NETWORK LTD at £2.8k based on Net Assets of £1.1k and 2.61x industry multiple (adjusted for liquidity).

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Novo Business Network Ltd Overview

Novo Business Network Ltd is a live company located in london, EC4A 3BF with a Companies House number of 06607111. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in May 2008, it's largest shareholder is interlace consulting ltd with a 100% stake. Novo Business Network Ltd is a established, micro sized company, Pomanda has estimated its turnover at £158.3k with declining growth in recent years.

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Novo Business Network Ltd Health Check

Pomanda's financial health check has awarded Novo Business Network Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating0.5out of 5
positive_score

0 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £158.3k, make it smaller than the average company (£851k)

£158.3k - Novo Business Network Ltd

£851k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (8.5%)

-27% - Novo Business Network Ltd

8.5% - Industry AVG

production

Production

with a gross margin of 58.3%, this company has a comparable cost of product (58.3%)

58.3% - Novo Business Network Ltd

58.3% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (7.4%)

0% - Novo Business Network Ltd

7.4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (8)

2 - Novo Business Network Ltd

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.1k, the company has an equivalent pay structure (£57.1k)

£57.1k - Novo Business Network Ltd

£57.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £79.1k, this is less efficient (£132.6k)

£79.1k - Novo Business Network Ltd

£132.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Novo Business Network Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (25 days)

0 days - Novo Business Network Ltd

25 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Novo Business Network Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)

0 weeks - Novo Business Network Ltd

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 93.6%, this is a higher level of debt than the average (55.9%)

93.6% - Novo Business Network Ltd

55.9% - Industry AVG

NOVO BUSINESS NETWORK LTD financials

EXPORTms excel logo

Novo Business Network Ltd's latest turnover from December 2023 is estimated at £158.3 thousand and the company has net assets of £1.1 thousand. According to their latest financial statements, Novo Business Network Ltd has 2 employees and maintains cash reserves of £8 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover158,281157,282142,102409,323486,802494,583699,267230,27010,4398,8229,31068,39216,86517,659
Other Income Or Grants
Cost Of Sales65,96565,80858,664161,345191,886179,635255,96486,9983,6893,1243,10122,5785,0705,327
Gross Profit92,31791,47383,439247,977294,916314,948443,302143,2726,7505,6986,20945,81411,79512,332
Admin Expenses92,31788,96269,366246,883304,691323,573441,546144,9392,9959,6462,31811,25845,85411,958-917
Operating Profit2,51114,0731,094-9,775-8,6251,756-1,667-2,995-2,8963,380-5,049-40-16313,249
Interest Payable
Interest Receivable583411273225355229
Pre-Tax Profit2,51114,0731,094-9,774-8,6251,814-1,634-2,983-2,8693,411-5,025-5-11113,277
Tax-477-2,674-208-345-716-3,718
Profit After Tax2,03411,399886-9,774-8,6251,469-1,634-2,983-2,8692,695-5,025-5-1119,560
Dividends Paid
Retained Profit2,03411,399886-9,774-8,6251,469-1,634-2,983-2,8692,695-5,025-5-1119,560
Employee Costs114,200110,080108,302101,781107,542112,005104,438112,74751,27152,75552,22553,96849,08348,380
Number Of Employees22222222111111
EBITDA*2,51114,0731,094-5,078-3,3467,315-836-2,334-2,2184,337-4,472231-16313,249

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets4,83810,11715,7156611,3579131,682
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets4,83910,11815,7166611,3589141,683
Stock & work in progress
Trade Debtors1,8291,4901,39911,2812,7992,732
Group Debtors
Misc Debtors16,64912,6388,623128,920174,405181,189318,37721,0841,829
Cash8438951823,3479973,4807,3725,2304,5769,49611,424
misc current assets
total current assets16,65712,6438,627128,929174,501181,207318,37844,4322,8265,3098,8626,62915,85712,29514,156
total assets16,65712,6438,627128,929174,501186,046328,49660,1473,4876,6678,8627,54317,54012,29514,156
Bank overdraft1
Bank loan
Trade Creditors 401,17615133,741176,973179,549308,20342,2841,0097822,0206,7191,7593,535
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities15,54710,3979,5467,54610,7549,91615,08514,124981
total current liabilities15,58811,5749,561141,288187,728189,466323,29056,4099811,0097822,0206,7191,7593,535
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions132271182336
total long term liabilities132272183337
total liabilities15,58811,5749,561141,288187,728189,466323,29056,4091,1131,2807822,2037,0561,7593,535
net assets1,0691,069-935-12,359-13,227-3,4205,2063,7392,3745,3868,0795,34110,48410,53610,621
total shareholders funds1,0691,069-935-12,359-13,227-3,4205,2063,7392,3745,3868,0795,34110,48410,53610,621
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit2,51114,0731,094-9,775-8,6251,756-1,667-2,995-2,8963,380-5,049-40-16313,249
Depreciation4,6965,2795,559831660678957577271
Amortisation
Tax-477-2,674-208-345-716-3,718
Stock
Debtors4,0114,015-120,297-45,485-6,784-137,188297,29319,25534091-9,8838,482672,732
Creditors-1,1361,162-133,727-43,232-2,576-128,654265,91941,276-1,009226-1,237-4,6994,960-1,7763,535
Accruals and Deferred Income5,1508512,000-3,208838-5,16996114,124981
Deferred Taxes & Provisions-271-139271-182-154336
Cash flow from operations332-31-69-3319-23,44335,038-2,502-2,0612,111558-2,955-2,00610,334
Investing Activities
capital expenditure14239-15,18936-2,035-44192-1,953
Change in Investments
cash flow from investments14239-15,18936-2,035-44192-1,953
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-3026-18-33-2-14-3017644-118-47261,061
interest583411273225355229
cash flow from financing-3026-18-335620-1920376-93-12781,090
cash and cash equivalents
cash31-5-877818-23,34719,867-2,483-3,8922,142655-4,920-1,92811,424
overdraft-11
change in cash31-5-877819-23,34819,867-2,483-3,8922,142655-4,920-1,92811,424

novo business network ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Novo Business Network Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for novo business network ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC4A area or any other competitors across 12 key performance metrics.

novo business network ltd Ownership

NOVO BUSINESS NETWORK LTD group structure

Novo Business Network Ltd has no subsidiary companies.

Ultimate parent company

1 parent

NOVO BUSINESS NETWORK LTD

06607111

NOVO BUSINESS NETWORK LTD Shareholders

interlace consulting ltd 100%

novo business network ltd directors

Novo Business Network Ltd currently has 2 directors. The longest serving directors include Mr Sten Eriksson (May 2008) and Mr Farhaan Mir (Jun 2023).

officercountryagestartendrole
Mr Sten ErikssonEngland60 years May 2008- Director
Mr Farhaan MirUnited Kingdom56 years Jun 2023- Director

P&L

December 2023

turnover

158.3k

+1%

operating profit

-0.3

0%

gross margin

58.4%

+0.28%

turnover

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

Balance Sheet

December 2023

net assets

1.1k

0%

total assets

16.7k

+0.32%

cash

7.6

+0.8%

net assets

Total assets minus all liabilities

novo business network ltd company details

company number

06607111

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

May 2008

age

17

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

ZENON TAX LIMITED

auditor

-

address

fifth floor 5 new street square, london, EC4A 3BF

Bank

-

Legal Advisor

-

novo business network ltd 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 novo business network ltd.

novo business network ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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novo business network ltd Companies House Filings - See Documents

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