innovative technology and science limited
innovative technology and science limited Company Information
Company Number
07046078
Website
www.innotecuk.comRegistered Address
124 city road, london, EC1V 2NX
Industry
Other research and experimental development on natural sciences and engineering
Telephone
01223893209
Next Accounts Due
September 2024
Group Structure
View All
Directors
Munawar Dossul2 Years
Shareholders
munawar ali dossul 100%
innovative technology and science limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED at £846.3k based on a Turnover of £1.2m and 0.71x industry multiple (adjusted for size and gross margin).
innovative technology and science limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED at £0 based on an EBITDA of £-227k and a 3.4x industry multiple (adjusted for size and gross margin).
innovative technology and science limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED at £3.4m based on Net Assets of £1.5m and 2.25x industry multiple (adjusted for liquidity).
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Innovative Technology And Science Limited Overview
Innovative Technology And Science Limited is a live company located in london, EC1V 2NX with a Companies House number of 07046078. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in October 2009, it's largest shareholder is munawar ali dossul with a 100% stake. Innovative Technology And Science Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Innovative Technology And Science Limited Health Check
Pomanda's financial health check has awarded Innovative Technology And Science Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£4.4m)
- Innovative Technology And Science Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (3.8%)
- Innovative Technology And Science Limited
3.8% - Industry AVG
Production
with a gross margin of 26.8%, this company has a higher cost of product (47%)
- Innovative Technology And Science Limited
47% - Industry AVG
Profitability
an operating margin of -19.6% make it less profitable than the average company (4.7%)
- Innovative Technology And Science Limited
4.7% - Industry AVG
Employees
with 6 employees, this is below the industry average (48)
6 - Innovative Technology And Science Limited
48 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has an equivalent pay structure (£60.6k)
- Innovative Technology And Science Limited
£60.6k - Industry AVG
Efficiency
resulting in sales per employee of £199.4k, this is more efficient (£108.1k)
- Innovative Technology And Science Limited
£108.1k - Industry AVG
Debtor Days
it gets paid by customers after 207 days, this is later than average (54 days)
- Innovative Technology And Science Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (48 days)
- Innovative Technology And Science Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Innovative Technology And Science Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3892 weeks, this is more cash available to meet short term requirements (36 weeks)
3892 weeks - Innovative Technology And Science Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.7%, this is a lower level of debt than the average (44.4%)
0.7% - Innovative Technology And Science Limited
44.4% - Industry AVG
INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED financials
Innovative Technology And Science Limited's latest turnover from December 2022 is estimated at £1.2 million and the company has net assets of £1.5 million. According to their latest financial statements, Innovative Technology And Science Limited has 6 employees and maintains cash reserves of £775.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 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 | 820,530 | 524,148 | |||||||||||
| Number Of Employees | 6 | 30 | 28 | 43 | 30 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,114 | 35,142 | 43,928 | 54,910 | 56,022 | 54,142 | 21,626 | 27,032 | 17,254 | 17,117 | 20,658 | 4,311 | 580 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 0 | 30,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 58,114 | 65,142 | 73,928 | 84,910 | 86,022 | 84,142 | 21,626 | 57,032 | 17,254 | 17,117 | 20,658 | 4,311 | 580 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 681,208 | 877,474 | 1,358,281 | 583,659 | 1,966,983 | 1,028,823 | 948,120 | 383,650 | 611,208 | 170,442 | 77,044 | 58,648 | 7,665 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 475,456 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 1,178,429 | 0 | 0 | 0 | 80,525 | 0 | 0 | 0 | 0 | 0 |
| Cash | 775,362 | 889,808 | 901,968 | 635,528 | 872,549 | 2,409,802 | 3,334,932 | 571,951 | 1,187,040 | 1,941,749 | 1,246,673 | 551,109 | 38,818 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 | 0 | 30,000 | 0 | 0 | 0 | 0 |
| total current assets | 1,456,570 | 1,767,282 | 2,260,249 | 2,397,616 | 2,839,532 | 3,438,625 | 4,313,052 | 1,511,582 | 1,828,248 | 2,112,191 | 1,323,717 | 609,757 | 46,483 |
| total assets | 1,514,684 | 1,832,424 | 2,334,177 | 2,482,526 | 2,925,554 | 3,522,767 | 4,334,678 | 1,568,614 | 1,845,502 | 2,129,308 | 1,344,375 | 614,068 | 47,063 |
| Bank overdraft | 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 |
| Trade Creditors | 10,357 | 123,244 | 226,559 | 80,798 | 585,462 | 2,026,087 | 3,084,468 | 593,879 | 1,334,394 | 1,787,125 | 1,190,060 | 526,247 | 36,575 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 222,410 | 0 | 0 | 0 | 44,875 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 10,357 | 123,244 | 226,559 | 303,208 | 585,462 | 2,026,087 | 3,084,468 | 638,754 | 1,334,394 | 1,787,125 | 1,190,060 | 526,247 | 36,575 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,357 | 123,244 | 276,559 | 303,208 | 585,462 | 2,026,087 | 3,084,468 | 638,754 | 1,334,394 | 1,787,125 | 1,190,060 | 526,247 | 36,575 |
| net assets | 1,504,327 | 1,709,180 | 2,057,618 | 2,179,318 | 2,340,092 | 1,496,680 | 1,250,210 | 929,860 | 511,108 | 342,183 | 154,315 | 87,821 | 10,488 |
| total shareholders funds | 1,504,327 | 1,709,180 | 2,057,618 | 2,179,318 | 2,340,092 | 1,496,680 | 1,250,210 | 929,860 | 511,108 | 342,183 | 154,315 | 87,821 | 10,488 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 7,028 | 8,786 | 10,982 | 13,728 | 14,006 | 13,535 | 5,406 | 6,758 | 4,314 | 4,280 | 5,164 | 1,078 | 145 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -196,266 | -480,807 | -403,807 | -204,895 | 938,160 | 80,703 | 8,489 | 328,423 | 440,766 | 93,398 | 18,396 | 50,983 | 7,665 |
| Creditors | -112,887 | -103,315 | 145,761 | -504,664 | -1,440,625 | -1,058,381 | 2,490,589 | -740,515 | -452,731 | 597,065 | 663,813 | 489,672 | 36,575 |
| Accruals and Deferred Income | 0 | 0 | -222,410 | 222,410 | 0 | 0 | -44,875 | 44,875 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 30,000 | -30,000 | 30,000 | 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 |
| Group/Directors Accounts | 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 |
| Long term loans | 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 |
| other long term liabilities | 0 | -50,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -114,446 | -12,160 | 266,440 | -237,021 | -1,537,253 | -925,130 | 2,762,981 | -615,089 | -754,709 | 695,076 | 695,564 | 512,291 | 38,818 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -114,446 | -12,160 | 266,440 | -237,021 | -1,537,253 | -925,130 | 2,762,981 | -615,089 | -754,709 | 695,076 | 695,564 | 512,291 | 38,818 |
innovative technology and science limited Credit Report and Business Information
Innovative Technology And Science Limited Competitor Analysis
Perform a competitor analysis for innovative technology and science limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
innovative technology and science limited Ownership
INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED group structure
Innovative Technology And Science Limited has no subsidiary companies.
Ultimate parent company
INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED
07046078
innovative technology and science limited directors
Innovative Technology And Science Limited currently has 1 director, Mr Munawar Dossul serving since Aug 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Munawar Dossul | United Kingdom | 51 years | Aug 2021 | - | Director |
P&L
December 2022turnover
1.2m
-44%
operating profit
-234k
0%
gross margin
26.9%
+6.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.5m
-0.12%
total assets
1.5m
-0.17%
cash
775.4k
-0.13%
net assets
Total assets minus all liabilities
innovative technology and science limited company details
company number
07046078
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
October 2009
age
15
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
124 city road, london, EC1V 2NX
last accounts submitted
December 2022
innovative technology and science 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 innovative technology and science limited.
innovative technology and science limited Companies House Filings - See Documents
| date | description | view/download |
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