Innov8 Development Solutions Limited

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innov8 development solutions limited Company Information

Live

EstablishedSmallDeclining

Company Number

07077958

Website

innov8ds.co.uk

Registered Address

soapworks salford quays, manchester, M3 3FS

Industry

Management consultancy activities (other than financial management)

Telephone

01618728884

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Moulding14 Years

Carl Glover14 Years

Shareholders

paul john moulding 33.3%

carl glover 33.3%

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innov8 development solutions limited Estimated Valuation

£437.1k

Pomanda estimates the enterprise value of INNOV8 DEVELOPMENT SOLUTIONS LIMITED at £437.1k based on a Turnover of £723.4k and 0.6x industry multiple (adjusted for size and gross margin).

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Innov8 Development Solutions Limited is a live company located in manchester, M3 3FS with a Companies House number of 07077958. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in November 2009, it's largest shareholder is paul john moulding with a 33.3% stake. Innov8 Development Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £723.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Innov8 Development Solutions Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £723.4k, make it larger than the average company (£299.4k)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (5.6%)

EXPORT

Innov8 Development Solutions Limited's latest turnover from March 2023 is estimated at £723.4 thousand and the company has net assets of £3.2 thousand. According to their latest financial statements, Innov8 Development Solutions Limited has 12 employees and maintains cash reserves of £18.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	723,364	869,791	1,146,672	1,434,818	960,323	682,358	567,033	354,913	681,242	812,091	694,461	467,247	291,353	154,471
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	325,289	390,322	498,387	606,308	373,476	253,830	193,137	125,932	250,749	283,838	221,064	141,689	84,503	47,836
Gross Profit	398,075	479,469	648,285	828,510	586,847	428,528	373,896	228,980	430,494	528,252	473,397	325,558	206,851	106,635
Admin Expenses	456,123	595,840	554,821	708,700	588,783	423,460	373,252	235,623	447,641	525,960	488,029	276,316	206,810	106,635
Operating Profit	-58,048	-116,371	93,464	119,810	-1,936	5,068	644	-6,643	-17,147	2,292	-14,632	49,242	41	0
Interest Payable	0	0	0	0	0	0	44	45	0	0	0	0	0	0
Interest Receivable	896	343	40	6	69	88	35	27	0	0	87	113	27	0
Pre-Tax Profit	-57,152	-116,028	93,504	119,816	-1,867	5,156	636	-6,661	-17,147	2,292	-14,545	49,355	68	0
Tax	0	0	-17,766	-22,765	0	-980	-127	0	0	-527	0	-12,832	-19	0
Profit After Tax	-57,152	-116,028	75,738	97,051	-1,867	4,176	509	-6,661	-17,147	1,765	-14,545	36,523	49	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-57,152	-116,028	75,738	97,051	-1,867	4,176	509	-6,661	-17,147	1,765	-14,545	36,523	49	0
Employee Costs	484,290	472,725	601,439	545,225	645,736	601,472	535,573	147,582	247,491	301,305	301,313	196,153	139,628	99,585
Number Of Employees	12	12	17	15	14	14	12	3	5	6	6	4	3	2
EBITDA*	-57,189	-115,166	94,712	121,171	-973	6,759	2,333	-5,148	-16,200	3,115	-13,630	49,540	339	54

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,688	27	1,232	2,480	1,191	703	2,055	2,916	306	920	1,743	252	550	441
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0	0
Total Fixed Assets	1,688	27	1,232	2,480	1,191	703	2,055	2,916	306	920	1,743	252	550	441
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	134,377	189,681	258,496	344,933	187,797	96,489	59,809	72,910	110,369	135,482	115,731	74,442	46,815	25,009
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	30,628	67,530	20,637	0	0	10,884	6,829	0	0	0	0	0	0
Cash	18,371	23,782	67,579	11,803	944	17,575	17,570	10,661	39	39	39	34,638	10,677	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	152,748	244,091	393,605	377,373	188,741	114,064	88,263	90,400	110,408	135,521	115,770	109,080	57,492	25,009
total assets	154,436	244,118	394,837	379,853	189,932	114,767	90,318	93,316	110,714	136,441	117,513	109,332	58,042	25,450
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	22,121	48,294	31,659	107,758	31,298	1,997	7,971	6,784	103,286	111,866	94,703	72,077	57,310	24,867
Group/Directors Accounts	4,044	15,983	1,523	649	4,969	5,872	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	1,392	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	125,077	119,495	185,281	170,810	150,080	101,446	81,071	84,373	0	0	0	0	0	0
total current liabilities	151,242	183,772	218,463	279,217	186,347	109,315	89,042	92,549	103,286	111,866	94,703	72,077	57,310	24,867
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	151,242	183,772	218,463	279,217	186,347	109,315	89,042	92,549	103,286	111,866	94,703	72,077	57,310	24,867
net assets	3,194	60,346	176,374	100,636	3,585	5,452	1,276	767	7,428	24,575	22,810	37,255	732	583
total shareholders funds	3,194	60,346	176,374	100,636	3,585	5,452	1,276	767	7,428	24,575	22,810	37,255	732	583

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-58,048	-116,371	93,464	119,810	-1,936	5,068	644	-6,643	-17,147	2,292	-14,632	49,242	41	0
Depreciation	859	1,205	1,248	1,361	963	1,691	1,689	1,495	947	823	1,002	298	298	54
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-17,766	-22,765	0	-980	-127	0	0	-527	0	-12,832	-19	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-85,932	-105,717	-39,544	177,773	91,308	25,796	-9,046	-30,630	-25,113	19,751	41,289	27,627	21,806	25,009
Creditors	-26,173	16,635	-76,099	76,460	29,301	-5,974	1,187	-96,502	-8,580	17,163	22,626	14,767	32,443	24,867
Accruals and Deferred Income	5,582	-65,786	14,471	20,730	48,634	20,375	-3,302	84,373	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	8,152	-58,600	54,862	17,823	-14,346	-5,616	9,137	13,353	333	0	-32,293	23,848	10,957	-88
Investing Activities
capital expenditure	-2,520	0	0	-2,650	-1,451	-339	-828	-4,105	-333	0	-2,493	0	-407	-495
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,520	0	0	-2,650	-1,451	-339	-828	-4,105	-333	0	-2,493	0	-407	-495
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-11,939	14,460	874	-4,320	-903	5,872	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	-1,392	1,392	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	0	0	0	0	0	100	0	100	583
interest	896	343	40	6	69	88	-9	-18	0	0	87	113	27	0
cash flow from financing	-11,043	14,803	914	-4,314	-834	5,960	-1,401	1,374	0	0	187	113	127	583
cash and cash equivalents
cash	-5,411	-43,797	55,776	10,859	-16,631	5	6,909	10,622	0	0	-34,599	23,961	10,677	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-5,411	-43,797	55,776	10,859	-16,631	5	6,909	10,622	0	0	-34,599	23,961	10,677	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INNOV8 DEVELOPMENT SOLUTIONS LIMITED group structure

Innov8 Development Solutions Limited has no subsidiary companies.

Ultimate parent company

INNOV8 DEVELOPMENT SOLUTIONS LIMITED

07077958

INNOV8 DEVELOPMENT SOLUTIONS LIMITED Shareholders

paul john moulding	33.33%
carl glover	33.33%
louise glover	16.67%
zoe rachael moulding	16.67%

Innov8 Development Solutions Limited currently has 2 directors. The longest serving directors include Mr Paul Moulding (Nov 2009) and Mr Carl Glover (Jun 2010).

officer	country	age	start	end	role
Mr Paul Moulding		48 years	Nov 2009	-	Director
Mr Carl Glover	England	49 years	Jun 2010	-	Director

P&L

March 2023

turnover

723.4k

-17%

operating profit

-58k

gross margin

55.1%

-0.17%

turnover

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

Balance Sheet

March 2023

net assets

3.2k

-0.95%

total assets

154.4k

-0.37%

cash

18.4k

-0.23%

net assets

Total assets minus all liabilities

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company number

07077958

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

November 2009

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

soapworks salford quays, manchester, M3 3FS

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.

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innov8 development solutions limited Company Information

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innov8 development solutions limited Estimated Valuation

innov8 development solutions limited Estimated Valuation

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INNOV8 DEVELOPMENT SOLUTIONS LIMITED financials

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