Birmingham Innovations Ltd

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birmingham innovations ltd Company Information

Dissolved

Company Number

07083860

Next Accounts

Jan 2025

Industry

Other manufacturing n.e.c.

Directors

David Proud

Mohamed Khan

Shareholders

birmingham innovations holdings ltd

Group Structure

View All

Contact

Registered Address

11th floor 1 temple row, birmingham, B2 5LG

Website

www.birminghaminnovations.com

birmingham innovations ltd Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of BIRMINGHAM INNOVATIONS LTD at £7.5m based on a Turnover of £9.2m and 0.81x industry multiple (adjusted for size and gross margin).

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Birmingham Innovations Ltd is a dissolved company that was located in birmingham, B2 5LG with a Companies House number of 07083860. It operated in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 2009, it's largest shareholder was birmingham innovations holdings ltd with a 100% stake. The last turnover for Birmingham Innovations Ltd was estimated at £9.2m.

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Pomanda's financial health check has awarded Birmingham Innovations Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £9.2m, make it in line with the average company (£11m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (0.4%)

EXPORT

Birmingham Innovations Ltd's latest turnover from February 2021 is estimated at £9.2 million and the company has net assets of £593.1 thousand. According to their latest financial statements, Birmingham Innovations Ltd has 28 employees and maintains cash reserves of £113.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Apr 2015	Apr 2014	Apr 2013
Turnover	9,230,491	6,247,775	3,726,697	4,197,210	1,241,922	1,629,392	725,811	440,833	282,356
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,566,980	4,394,580	2,586,128	2,878,168	839,586	1,102,244	496,511	298,749	191,922
Gross Profit	2,663,511	1,853,195	1,140,569	1,319,042	402,336	527,148	229,300	142,083	90,434
Admin Expenses	2,392,370	1,492,647	1,144,031	1,351,175	314,921	429,357	289,179	99,751	38,317
Operating Profit	271,141	360,548	-3,462	-32,133	87,415	97,791	-59,879	42,332	52,117
Interest Payable	35,247	25,421	31,646	28,487	14,640	3,423	0	0	0
Interest Receivable	75	559	1,221	1,051	319	240	312	254	65
Pre-Tax Profit	235,969	335,686	-33,887	-59,569	73,094	94,609	-59,567	42,586	52,182
Tax	-44,834	-63,780	0	0	-14,619	-18,922	0	-8,943	-12,002
Profit After Tax	191,135	271,906	-33,887	-59,569	58,475	75,687	-59,567	33,643	40,180
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	191,135	271,906	-33,887	-59,569	58,475	75,687	-59,567	33,643	40,180
Employee Costs	1,031,653	514,535	470,289	489,787	372,632	395,585	195,854	126,137	93,679
Number Of Employees	28	14	13	14	11	12	6	4	3
EBITDA*	307,307	384,527	30,702	5,094	122,608	120,574	-33,370	65,571	67,599

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Apr 2015	Apr 2014	Apr 2013
Tangible Assets	215,538	35,068	87,538	106,824	61,798	66,262	68,598	70,843	35,044
Intangible Assets	7,302	17,681	29,080	33,658	39,736	30,169	40,756	47,767	33,884
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0
Total Fixed Assets	222,840	52,749	116,618	140,482	101,534	96,431	109,354	118,610	68,928
Stock & work in progress	2,252,001	1,316,067	234,247	180,936	243,439	92,476	7,462	0	0
Trade Debtors	1,998,886	1,334,324	1,048,468	1,239,436	235,924	375,888	168,677	86,552	31,257
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	30,883	14,412	17,480	39,337	14,944	29,316	0	0	0
Cash	113,417	35,784	113,400	212,126	208,172	47,103	49,082	75,586	26,109
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	4,395,187	2,700,587	1,413,595	1,671,835	702,479	544,783	225,221	162,138	57,366
total assets	4,618,027	2,753,336	1,530,213	1,812,317	804,013	641,214	334,575	280,748	126,294
Bank overdraft	438,914	95,391	95,391	89,049	60,000	25,764	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	1,406,137	1,317,977	608,499	728,408	132,164	264,101	142,288	55,440	79,014
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	77,415	0	0	0	0	0	0	0	0
other current liabilities	1,578,572	697,815	350,716	388,403	73,969	93,545	0	0	0
total current liabilities	3,501,038	2,111,183	1,054,606	1,205,860	266,133	383,410	142,288	55,440	79,014
loans	387,810	233,519	328,910	424,301	303,162	79,561	0	0	0
hp & lease commitments	95,124	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	101,031	137,385	0
provisions	40,952	6,666	16,635	18,207	11,200	13,200	1,900	14,000	7,000
total long term liabilities	523,886	240,185	345,545	442,508	314,362	92,761	102,931	151,385	7,000
total liabilities	4,024,924	2,351,368	1,400,151	1,648,368	580,495	476,171	245,219	206,825	86,014
net assets	593,103	401,968	130,062	163,949	223,518	165,043	89,356	73,923	40,280
total shareholders funds	593,103	401,968	130,062	163,949	223,518	165,043	89,356	73,923	40,280

	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Apr 2015	Apr 2014	Apr 2013	Nov 2011	Nov 2010
Operating Activities
Operating Profit	271,141	360,548	-3,462	-32,133	87,415	97,791	-59,879	42,332	52,117	0	0
Depreciation	25,787	12,580	20,596	19,260	13,745	9,085	10,687	9,180	7,012	0	0
Amortisation	10,379	11,399	13,568	17,967	21,448	13,698	15,822	14,059	8,470	0	0
Tax	-44,834	-63,780	0	0	-14,619	-18,922	0	-8,943	-12,002	0	0
Stock	935,934	1,081,820	53,311	-62,503	150,963	85,014	7,462	0	0	0	0
Debtors	681,033	282,788	-212,825	1,027,905	-154,336	236,527	82,125	55,295	31,257	0	0
Creditors	88,160	709,478	-119,909	596,244	-131,937	121,813	86,848	-23,574	79,014	0	0
Accruals and Deferred Income	880,757	347,099	-37,687	314,434	-19,576	93,545	0	0	0	0	0
Deferred Taxes & Provisions	34,286	-9,969	-1,572	7,007	-2,000	11,300	-12,100	7,000	7,000	0	0
Cash flow from operations	-351,291	2,747	31,048	-42,623	-42,151	6,769	-48,209	-15,241	110,354	0	0
Investing Activities
capital expenditure	-206,257	39,890	-10,300	-76,175	-40,296	-9,860	-17,253	-72,921	-84,410	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-206,257	39,890	-10,300	-76,175	-40,296	-9,860	-17,253	-72,921	-84,410	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	154,291	-95,391	-95,391	121,139	223,601	79,561	0	0	0	0	0
Hire Purchase and Lease Commitments	172,539	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-101,031	-36,354	137,385	0	0	0
share issue	0	0	0	0	0	0	75,000	0	100	0	0
interest	-35,172	-24,862	-30,425	-27,436	-14,321	-3,183	312	254	65	0	0
cash flow from financing	291,658	-120,253	-125,816	93,703	209,280	-24,653	38,958	137,639	165	0	0
cash and cash equivalents
cash	77,633	-77,616	-98,726	3,954	161,069	-1,979	-26,504	49,477	26,109	0	0
overdraft	343,523	0	6,342	29,049	34,236	25,764	0	0	0	0	0
change in cash	-265,890	-77,616	-105,068	-25,095	126,833	-27,743	-26,504	49,477	26,109	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BIRMINGHAM INNOVATIONS LTD group structure

Birmingham Innovations Ltd has no subsidiary companies.

Ultimate parent company

BIRMINGHAM INNOVATIONS LTD

07083860

BIRMINGHAM INNOVATIONS LTD Shareholders

birmingham innovations holdings ltd

100%

Birmingham Innovations Ltd currently has 2 directors. The longest serving directors include Mr David Proud (Dec 2010) and Mr Mohamed Khan (Dec 2010).

officer	country	age	start	end	role
Mr David Proud		67 years	Dec 2010	-	Director
Mr Mohamed Khan		52 years	Dec 2010	-	Director

P&L

February 2021

turnover

9.2m

+48%

operating profit

271.1k

gross margin

28.9%

-2.72%

turnover

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

Balance Sheet

February 2021

net assets

593.1k

+0.48%

total assets

4.6m

+0.68%

cash

113.4k

+2.17%

net assets

Total assets minus all liabilities

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company number

07083860

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

November 2009

ultimate parent company

None

previous names

loft storage stilts ltd (June 2013)

lofty ideas limited (May 2011)

address

11th floor 1 temple row, birmingham, B2 5LG

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 found 2 charges/mortgages relating to birmingham innovations ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

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birmingham innovations ltd Company Information

birmingham innovations ltd Estimated Valuation

birmingham innovations ltd Estimated Valuation

birmingham innovations ltd Estimated Valuation

Birmingham Innovations Ltd Overview

Birmingham Innovations Ltd Health Check

BIRMINGHAM INNOVATIONS LTD financials

birmingham innovations ltd Credit Report and Business Information

Birmingham Innovations Ltd Competitor Analysis

birmingham innovations ltd Ownership

birmingham innovations ltd directors

birmingham innovations ltd company details

birmingham innovations ltd Charges & Mortgages

birmingham innovations ltd Capital Raised & Share Issues BETA

birmingham innovations ltd Companies House Filings - See Documents