ovo software services limited

4

ovo software services limited Company Information

Share OVO SOFTWARE SERVICES LIMITED
Live 
EstablishedMicroHigh

Company Number

07029045

Website

-

Registered Address

71-75 shelton street, covent garden, london, WC2H 9JQ

Industry

Computer facilities management activities

 

Telephone

-

Next Accounts Due

June 2025

Group Structure

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Directors

Karen Hall5 Years

Christopher Thompson1 Years

Shareholders

tim andrews 95%

luke bagshaw 5%

ovo software services limited Estimated Valuation

£253.5k

Pomanda estimates the enterprise value of OVO SOFTWARE SERVICES LIMITED at £253.5k based on a Turnover of £278.2k and 0.91x industry multiple (adjusted for size and gross margin).

ovo software services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of OVO SOFTWARE SERVICES LIMITED at £0 based on an EBITDA of £-207.1k and a 6.24x industry multiple (adjusted for size and gross margin).

ovo software services limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of OVO SOFTWARE SERVICES LIMITED at £1.2m based on Net Assets of £565.2k and 2.06x industry multiple (adjusted for liquidity).

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Ovo Software Services Limited Overview

Ovo Software Services Limited is a live company located in london, WC2H 9JQ with a Companies House number of 07029045. It operates in the computer facilities management activities sector, SIC Code 62030. Founded in September 2009, it's largest shareholder is tim andrews with a 95% stake. Ovo Software Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £278.2k with high growth in recent years.

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Ovo Software Services Limited Health Check

Pomanda's financial health check has awarded Ovo Software Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £278.2k, make it smaller than the average company (£2.5m)

£278.2k - Ovo Software Services Limited

£2.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.6%)

20% - Ovo Software Services Limited

8.6% - Industry AVG

production

Production

with a gross margin of 50.2%, this company has a comparable cost of product (50.2%)

50.2% - Ovo Software Services Limited

50.2% - Industry AVG

profitability

Profitability

an operating margin of -75% make it less profitable than the average company (6.3%)

-75% - Ovo Software Services Limited

6.3% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (16)

2 - Ovo Software Services Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)

£50.4k - Ovo Software Services Limited

£50.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £139.1k, this is equally as efficient (£159.7k)

£139.1k - Ovo Software Services Limited

£159.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 45 days, this is near the average (56 days)

45 days - Ovo Software Services Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is quicker than average (45 days)

39 days - Ovo Software Services Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 193 days, this is more than average (10 days)

193 days - Ovo Software Services Limited

10 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 232 weeks, this is more cash available to meet short term requirements (20 weeks)

232 weeks - Ovo Software Services Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18%, this is a lower level of debt than the average (58.8%)

18% - Ovo Software Services Limited

58.8% - Industry AVG

OVO SOFTWARE SERVICES LIMITED financials

EXPORTms excel logo

Ovo Software Services Limited's latest turnover from September 2023 is estimated at £278.2 thousand and the company has net assets of £565.2 thousand. According to their latest financial statements, Ovo Software Services Limited has 2 employees and maintains cash reserves of £554.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010
Turnover278,183238,731162,967160,465107,955226,815744,532490,585159,087233,515127,6691,7705,810553
Other Income Or Grants00000000000000
Cost Of Sales138,606125,78982,96584,26147,745104,633362,117188,84179,843115,95851,8249623,068247
Gross Profit139,577112,94380,00276,20460,210122,182382,416301,74479,245117,55875,8458082,742306
Admin Expenses348,347-269,291-149,864-93,95458,422180,606239,247291,65066,160106,99672,1032,125-4,091-1,151
Operating Profit-208,770382,234229,866170,1581,788-58,424143,16910,09413,08510,5623,742-1,3176,8331,457
Interest Payable00000000000000
Interest Receivable33,45014,0693812201,00546002767312321183
Pre-Tax Profit-175,320396,302230,247170,3782,794-57,964143,16910,12113,15310,5923,765-1,2966,8501,460
Tax0-75,297-43,747-32,372-5310-27,202-2,024-2,630-2,224-8660-1,781-409
Profit After Tax-175,320321,005186,500138,0062,263-57,964115,9678,09710,5228,3682,899-1,2965,0691,051
Dividends Paid00000000000000
Retained Profit-175,320321,005186,500138,0062,263-57,964115,9678,09710,5228,3682,899-1,2965,0691,051
Employee Costs100,73799,82095,56888,45342,84794,391303,324186,92093,78589,70975,30435,00936,76730,138
Number Of Employees22221274222111
EBITDA*-207,090384,473229,866170,1581,788-58,424143,16910,09413,33810,5626,229-737,8451,583

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010
Tangible Assets5,0396,7198,95811,94400007591,0121,3493,8361,894376
Intangible Assets00000000000000
Investments & Other8670000000000000
Debtors (Due After 1 year)00000000000010
Total Fixed Assets5,9066,7198,95811,94400007591,0121,3493,8361,895376
Stock & work in progress73,56474,408000000000000
Trade Debtors34,60330,85829,57331,33015,34839,720205,91988,25327,30742,33920,438202
Group Debtors00000000000000
Misc Debtors20,61135,15228,8145750000000000
Cash554,790783,216467,337294,883145,355122,7630021,4395,5056,7312,5385,7771,225
misc current assets00000000000000
total current assets683,568923,634525,724326,788160,703162,483205,91988,25348,74647,84427,1692,5405,7771,227
total assets689,474930,353534,682338,732160,703162,483205,91988,25349,50548,85628,5186,3767,6721,603
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 15,18131,81434,57826,71538,63834,62555,24253,54322,89032,76320,7931,5501,550550
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities109,124158,05080,62079,03327,08735,14300000000
total current liabilities124,305189,864115,198105,74865,72569,76855,24253,54322,89032,76320,7931,5501,550550
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities00000000000000
total liabilities124,305189,864115,198105,74865,72569,76855,24253,54322,89032,76320,7931,5501,550550
net assets565,169740,489419,484232,98494,97892,715150,67734,71026,61516,0937,7254,8266,1221,053
total shareholders funds565,169740,489419,484232,98494,97892,715150,67734,71026,61516,0937,7254,8266,1221,053
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010
Operating Activities
Operating Profit-208,770382,234229,866170,1581,788-58,424143,16910,09413,08510,5623,742-1,3176,8331,457
Depreciation1,6802,23900000025302,4871,2441,012126
Amortisation00000000000000
Tax0-75,297-43,747-32,372-5310-27,202-2,024-2,630-2,224-8660-1,781-409
Stock-84474,408000000000000
Debtors-10,7967,62326,48216,557-24,372-166,199117,66660,946-15,03221,90120,4361-12
Creditors-16,633-2,7647,863-11,9234,013-20,6171,69930,653-9,87311,97019,24301,000550
Accruals and Deferred Income-48,92677,4301,58751,946-8,05635,14300000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-261,009301,811169,087161,25221,586122,3010-22,22315,867-1,5934,170-747,0651,722
Investing Activities
capital expenditure002,986-11,94400075903370-3,186-2,530-502
Change in Investments8670000000000000
cash flow from investments-86702,986-11,94400075903370-3,186-2,530-502
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000020-2000002
interest33,45014,0693812201,00546002767312321183
cash flow from financing33,45014,0693812201,00546202567312321185
cash and cash equivalents
cash-228,426315,879172,454149,52822,592122,7630-21,43915,934-1,2264,193-3,2394,5521,225
overdraft00000000000000
change in cash-228,426315,879172,454149,52822,592122,7630-21,43915,934-1,2264,193-3,2394,5521,225

ovo software services limited 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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Ovo Software Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ovo software services limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in WC2H area or any other competitors across 12 key performance metrics.

ovo software services limited Ownership

OVO SOFTWARE SERVICES LIMITED group structure

Ovo Software Services Limited has no subsidiary companies.

Ultimate parent company

OVO SOFTWARE SERVICES LIMITED

07029045

OVO SOFTWARE SERVICES LIMITED Shareholders

tim andrews 95%
luke bagshaw 5%

ovo software services limited directors

Ovo Software Services Limited currently has 2 directors. The longest serving directors include Ms Karen Hall (Jul 2019) and Mr Christopher Thompson (Feb 2023).

officercountryagestartendrole
Ms Karen HallEngland63 years Jul 2019- Director
Mr Christopher ThompsonWales51 years Feb 2023- Director

P&L

September 2023

turnover

278.2k

+17%

operating profit

-208.8k

0%

gross margin

50.2%

+6.06%

turnover

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

Balance Sheet

September 2023

net assets

565.2k

-0.24%

total assets

689.5k

-0.26%

cash

554.8k

-0.29%

net assets

Total assets minus all liabilities

ovo software services limited company details

company number

07029045

Type

Private limited with Share Capital

industry

62030 - Computer facilities management activities

incorporation date

September 2009

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

ovo property services limited (May 2012)

accountant

-

auditor

-

address

71-75 shelton street, covent garden, london, WC2H 9JQ

Bank

-

Legal Advisor

-

ovo software services limited 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 ovo software services limited.

charges

ovo software services limited Companies House Filings - See Documents

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