ovo software services limited Company Information
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
View All
Shareholders
tim andrews 95%
luke bagshaw 5%
ovo software services limited Estimated Valuation
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
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
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
3 Strong
4 Regular
5 Weak
Size
annual sales of £278.2k, make it smaller than the average company (£2.5m)
- Ovo Software Services Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.6%)
- Ovo Software Services Limited
8.6% - Industry AVG
Production
with a gross margin of 50.2%, this company has a comparable cost of product (50.2%)
- Ovo Software Services Limited
50.2% - Industry AVG
Profitability
an operating margin of -75% make it less profitable than the average company (6.3%)
- Ovo Software Services Limited
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
2 - Ovo Software Services Limited
16 - Industry AVG
Pay Structure
on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)
- Ovo Software Services Limited
£50.4k - Industry AVG
Efficiency
resulting in sales per employee of £139.1k, this is equally as efficient (£159.7k)
- Ovo Software Services Limited
£159.7k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (56 days)
- Ovo Software Services Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is quicker than average (45 days)
- Ovo Software Services Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 193 days, this is more than average (10 days)
- Ovo Software Services Limited
10 days - Industry AVG
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
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
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 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 2 | |||||||||||||
EBITDA* |
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 5,039 | 6,719 | 8,958 | 11,944 | 0 | 0 | 0 | 0 | 759 | 1,012 | 1,349 | 3,836 | 1,894 | 376 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 867 | 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 | 1 | 0 |
Total Fixed Assets | 5,906 | 6,719 | 8,958 | 11,944 | 0 | 0 | 0 | 0 | 759 | 1,012 | 1,349 | 3,836 | 1,895 | 376 |
Stock & work in progress | 73,564 | 74,408 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 34,603 | 30,858 | 29,573 | 31,330 | 15,348 | 39,720 | 205,919 | 88,253 | 27,307 | 42,339 | 20,438 | 2 | 0 | 2 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 20,611 | 35,152 | 28,814 | 575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 554,790 | 783,216 | 467,337 | 294,883 | 145,355 | 122,763 | 0 | 0 | 21,439 | 5,505 | 6,731 | 2,538 | 5,777 | 1,225 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 683,568 | 923,634 | 525,724 | 326,788 | 160,703 | 162,483 | 205,919 | 88,253 | 48,746 | 47,844 | 27,169 | 2,540 | 5,777 | 1,227 |
total assets | 689,474 | 930,353 | 534,682 | 338,732 | 160,703 | 162,483 | 205,919 | 88,253 | 49,505 | 48,856 | 28,518 | 6,376 | 7,672 | 1,603 |
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 | 15,181 | 31,814 | 34,578 | 26,715 | 38,638 | 34,625 | 55,242 | 53,543 | 22,890 | 32,763 | 20,793 | 1,550 | 1,550 | 550 |
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 | 109,124 | 158,050 | 80,620 | 79,033 | 27,087 | 35,143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 124,305 | 189,864 | 115,198 | 105,748 | 65,725 | 69,768 | 55,242 | 53,543 | 22,890 | 32,763 | 20,793 | 1,550 | 1,550 | 550 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 124,305 | 189,864 | 115,198 | 105,748 | 65,725 | 69,768 | 55,242 | 53,543 | 22,890 | 32,763 | 20,793 | 1,550 | 1,550 | 550 |
net assets | 565,169 | 740,489 | 419,484 | 232,984 | 94,978 | 92,715 | 150,677 | 34,710 | 26,615 | 16,093 | 7,725 | 4,826 | 6,122 | 1,053 |
total shareholders funds | 565,169 | 740,489 | 419,484 | 232,984 | 94,978 | 92,715 | 150,677 | 34,710 | 26,615 | 16,093 | 7,725 | 4,826 | 6,122 | 1,053 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 1,680 | 2,239 | 0 | 0 | 0 | 0 | 0 | 253 | 0 | 2,487 | 1,244 | 1,012 | 126 | |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | ||||||||||||||
Stock | -844 | 74,408 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -10,796 | 7,623 | 26,482 | 16,557 | -24,372 | -166,199 | 117,666 | 60,946 | -15,032 | 21,901 | 20,436 | 1 | -1 | 2 |
Creditors | -16,633 | -2,764 | 7,863 | -11,923 | 4,013 | -20,617 | 1,699 | 30,653 | -9,873 | 11,970 | 19,243 | 0 | 1,000 | 550 |
Accruals and Deferred Income | -48,926 | 77,430 | 1,587 | 51,946 | -8,056 | 35,143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 867 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -228,426 | 315,879 | 172,454 | 149,528 | 22,592 | 122,763 | 0 | -21,439 | 15,934 | -1,226 | 4,193 | -3,239 | 4,552 | 1,225 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -228,426 | 315,879 | 172,454 | 149,528 | 22,592 | 122,763 | 0 | -21,439 | 15,934 | -1,226 | 4,193 | -3,239 | 4,552 | 1,225 |
ovo software services limited Credit Report and Business Information
Ovo Software Services Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Karen Hall | England | 63 years | Jul 2019 | - | Director |
Mr Christopher Thompson | Wales | 51 years | Feb 2023 | - | Director |
P&L
September 2023turnover
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 2023net 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
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.
ovo software services limited Companies House Filings - See Documents
date | description | view/download |
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