Ovo Software Services Limited

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ovo software services limited Company Information

Company Number

07029045

Next Accounts

Jun 2025

Directors

Karen Hall

Christopher Thompson

Shareholders

tim andrews

luke bagshaw

Group Structure

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Industry

Computer facilities management activities

Registered Address

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

Website

ovo software services limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of OVO SOFTWARE SERVICES LIMITED at £1.3m based on Net Assets of £565.2k and 2.32x industry multiple (adjusted for liquidity).

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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 £302.4k with high growth in recent years.

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Pomanda's financial health check has awarded Ovo Software Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £302.4k, make it smaller than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.6%)

EXPORT

Ovo Software Services Limited's latest turnover from September 2023 is estimated at £302.4 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	302,415	247,996	162,733	160,552	108,391	225,989	738,871	481,904	158,539	228,873	127,022	1,811	5,810	589
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	159,421	130,670	82,846	84,307	47,938	104,252	351,234	181,969	79,567	113,855	51,561	984	3,068	267
Gross Profit	142,993	117,326	79,888	76,245	60,453	121,737	387,638	299,935	78,971	115,018	75,461	827	2,742	322
Admin Expenses	353,436	-264,908	-149,978	-93,913	58,665	180,161	244,469	289,841	65,886	104,456	71,719	2,144	-4,091	-1,135
Operating Profit	-210,443	382,234	229,866	170,158	1,788	-58,424	143,169	10,094	13,085	10,562	3,742	-1,317	6,833	1,457
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	35,123	14,069	381	220	1,005	460	0	27	67	31	23	21	18	3
Pre-Tax Profit	-175,320	396,302	230,247	170,378	2,794	-57,964	143,169	10,121	13,153	10,592	3,765	-1,296	6,850	1,460
Tax	0	-75,297	-43,747	-32,372	-531	0	-27,202	-2,024	-2,630	-2,224	-866	0	-1,781	-409
Profit After Tax	-175,320	321,005	186,500	138,006	2,263	-57,964	115,967	8,097	10,522	8,368	2,899	-1,296	5,069	1,051
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-175,320	321,005	186,500	138,006	2,263	-57,964	115,967	8,097	10,522	8,368	2,899	-1,296	5,069	1,051
Employee Costs	102,918	100,815	95,568	87,494	42,847	94,391	303,324	186,920	93,785	89,709	75,304	35,009	36,767	30,138
Number Of Employees	2	2	2	2	1	2	7	4	2	2	2	1	1	1
EBITDA*	-208,763	384,473	229,866	170,158	1,788	-58,424	143,169	10,094	13,338	10,562	6,229	-73	7,845	1,583

* 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	-210,443	382,234	229,866	170,158	1,788	-58,424	143,169	10,094	13,085	10,562	3,742	-1,317	6,833	1,457
Depreciation	1,680	2,239	0	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	0
Tax	0	-75,297	-43,747	-32,372	-531	0	-27,202	-2,024	-2,630	-2,224	-866	0	-1,781	-409
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	-262,682	301,811	169,087	161,252	21,586	122,301	0	-22,223	15,867	-1,593	4,170	-74	7,065	1,722
Investing Activities
capital expenditure	0	0	2,986	-11,944	0	0	0	759	0	337	0	-3,186	-2,530	-502
Change in Investments	867	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-867	0	2,986	-11,944	0	0	0	759	0	337	0	-3,186	-2,530	-502
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	2	0	-2	0	0	0	0	0	2
interest	35,123	14,069	381	220	1,005	460	0	27	67	31	23	21	18	3
cash flow from financing	35,123	14,069	381	220	1,005	462	0	25	67	31	23	21	18	5
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

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 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 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	64 years	Jul 2019	-	Director
Mr Christopher Thompson	Wales	51 years	Feb 2023	-	Director

P&L

September 2023

turnover

302.4k

+22%

operating profit

-210.4k

gross margin

47.3%

-0.05%

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

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company number

07029045

Type

Private limited with Share Capital

industry

62030 - Computer facilities management activities

incorporation date

September 2009

ultimate parent company

None

previous names

ovo property services limited (May 2012)

address

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

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ovo software services limited Company Information

ovo software services limited Estimated Valuation

ovo software services limited Estimated Valuation

ovo software services limited Estimated Valuation

Ovo Software Services Limited Overview

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OVO SOFTWARE SERVICES LIMITED financials

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