axwell house waterside drive, gateshead, tyne and wear, NE11 9HU
Website
-
nova payroll management services limitedEstimated Valuation
£11.3m
Pomanda estimates the enterprise value of NOVA PAYROLL MANAGEMENT SERVICES LIMITED at £11.3m based on a Turnover of £42.9m and 0.26x industry multiple (adjusted for size and gross margin).
nova payroll management services limitedEstimated Valuation
£11.4m
Pomanda estimates the enterprise value of NOVA PAYROLL MANAGEMENT SERVICES LIMITED at £11.4m based on an EBITDA of £2m and a 5.6x industry multiple (adjusted for size and gross margin).
nova payroll management services limitedEstimated Valuation
£8.6m
Pomanda estimates the enterprise value of NOVA PAYROLL MANAGEMENT SERVICES LIMITED at £8.6m based on Net Assets of £7.1m and 1.21x industry multiple (adjusted for liquidity).
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Nova Payroll Management Services LimitedOverview
Nova Payroll Management Services Limited is a live company located in tyne and wear, NE11 9HU with a Companies House number of 07601096. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in April 2011, it's largest shareholder is
gillian findlay
with a 100% stake. Nova Payroll Management Services Limited is a established,
large sized company, Pomanda has estimated its turnover at
£42.9m with
healthy
growth in recent years.
Nova Payroll Management Services Limited Health Check
Pomanda's financial health check has awarded Nova Payroll Management Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
1 Regular
3 Weak
Size
annual sales of £42.9m, make it larger than the average company (£14.1m)
£42.9m - Nova Payroll Management Services Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.1%)
4% - Nova Payroll Management Services Limited
8.1% - Industry AVG
Production
with a gross margin of 16.5%, this company has a comparable cost of product (18.4%)
16.5% - Nova Payroll Management Services Limited
18.4% - Industry AVG
Profitability
an operating margin of 4.5% make it more profitable than the average company (2.5%)
4.5% - Nova Payroll Management Services Limited
2.5% - Industry AVG
Employees
with 634 employees, this is above the industry average (53)
634 - Nova Payroll Management Services Limited
53 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has a lower pay structure (£50.1k)
£25.1k - Nova Payroll Management Services Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £67.6k, this is less efficient (£216.8k)
£67.6k - Nova Payroll Management Services Limited
£216.8k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (42 days)
56 days - Nova Payroll Management Services Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is slower than average (3 days)
5 days - Nova Payroll Management Services Limited
3 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nova Payroll Management Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 41 weeks, this is more cash available to meet short term requirements (7 weeks)
41 weeks - Nova Payroll Management Services Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.1%, this is a lower level of debt than the average (70.9%)
40.1% - Nova Payroll Management Services Limited
70.9% - Industry AVG
NOVA PAYROLL MANAGEMENT SERVICES LIMITED financials
EXPORT
Nova Payroll Management Services Limited's latest turnover from April 2024 is £42.9 million and the company has net assets of £7.1 million. According to their latest financial statements, Nova Payroll Management Services Limited has 634 employees and maintains cash reserves of £3.7 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Turnover
42,886,111
41,064,246
43,525,817
38,090,623
46,375,933
48,564,777
46,413,107
32,221,707
32,358,142
29,700,107
25,493,582
18,924,991
11,829,934
Other Income Or Grants
Cost Of Sales
35,815,533
34,178,701
36,922,478
34,229,957
41,738,604
42,991,329
41,586,967
28,437,487
28,480,737
25,726,259
20,924,170
17,213,744
10,599,675
Gross Profit
7,070,578
6,885,545
6,603,339
3,860,666
4,637,329
5,573,448
4,826,140
3,784,220
3,877,405
3,973,848
4,569,412
1,711,247
1,230,259
Admin Expenses
5,142,032
5,856,396
4,689,025
2,643,363
3,930,478
4,887,317
4,091,101
3,358,599
3,129,978
3,125,546
4,145,415
1,561,006
1,016,383
Operating Profit
1,928,546
1,029,149
1,914,314
1,217,303
706,851
686,131
735,039
425,621
747,427
848,302
423,997
150,241
213,876
Interest Payable
18,656
4,264
29,101
85,217
159,545
195,689
186,642
129,317
119,282
111,896
106,451
73,566
30,924
Interest Receivable
1
1
1
1
Pre-Tax Profit
1,909,890
1,024,885
1,885,213
1,132,087
547,306
490,442
548,397
296,304
628,145
736,407
317,547
76,675
182,953
Tax
-511,936
-322,657
-386,114
-220,244
-124,385
-113,723
-119,830
-81,519
-152,150
-197,963
-89,510
-49,146
-54,154
Profit After Tax
1,397,954
702,228
1,499,099
911,843
422,921
376,719
428,567
214,785
475,995
538,444
228,037
27,529
128,799
Dividends Paid
10,000
60,000
12,000
33,000
30,000
30,000
41,000
14,000
11,000
Retained Profit
1,387,954
702,228
1,439,099
911,843
410,921
343,719
398,567
184,785
434,995
524,444
217,037
27,529
128,799
Employee Costs
15,924,645
14,524,271
15,909,332
11,449,540
13,526,505
13,688,910
22,338,192
12,643,616
22,045,339
20,028,175
5,702,118
11,945,134
4,076,189
Number Of Employees
634
681
713
463
611
630
1,017
622
1,229
1,096
425
555
310
EBITDA*
2,035,255
1,130,288
1,980,696
1,267,355
737,492
718,548
757,231
454,855
781,884
907,326
476,677
207,367
248,828
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Tangible Assets
506,981
567,147
521,137
501,260
496,077
65,851
71,992
30,666
59,796
75,487
77,013
86,778
129,953
Intangible Assets
5,882
4,688
23,438
42,187
60,937
Investments & Other
Debtors (Due After 1 year)
1,000
2,200
4,571
7,360
6,080
6,533
Total Fixed Assets
512,863
567,147
521,137
501,260
496,077
65,851
71,992
31,666
61,996
84,746
107,811
135,045
197,423
Stock & work in progress
Trade Debtors
6,587,715
5,343,271
6,255,106
6,699,303
5,728,548
7,812,416
8,516,734
6,609,679
5,314,795
5,185,371
4,908,163
2,034,198
Group Debtors
Misc Debtors
1,029,358
824,590
238,324
201,606
683,703
225,680
216,205
124,748
100,170
93,053
108,674
3,536,948
132,800
Cash
3,747,425
3,177,315
2,469,836
255,667
499,537
1,209,052
220,667
278,313
736,849
649,629
396,513
457,643
155,145
misc current assets
total current assets
11,364,498
9,345,176
8,963,266
7,156,576
6,911,788
9,247,148
8,953,606
7,012,740
6,151,814
5,928,053
5,413,350
3,994,591
2,322,143
total assets
11,877,361
9,912,323
9,484,403
7,657,836
7,407,865
9,312,999
9,025,598
7,044,406
6,213,810
6,012,799
5,521,161
4,129,636
2,519,566
Bank overdraft
12,761
12,761
12,291
Bank loan
Trade Creditors
492,976
462,666
126,117
170,746
195,425
194,013
255,454
159,234
125,732
192,725
93,027
118,361
320,146
Group/Directors Accounts
1,567
1,236
3,914
1,804
other short term finances
hp & lease commitments
other current liabilities
4,245,159
3,688,469
4,095,281
3,643,490
4,270,637
6,847,465
6,841,297
5,362,643
4,744,680
4,909,667
5,037,278
3,838,667
2,059,319
total current liabilities
4,739,702
4,151,135
4,235,395
3,830,911
4,480,157
7,041,478
7,096,751
5,521,877
4,870,412
5,102,392
5,130,305
3,957,028
2,379,465
loans
203,765
217,022
230,551
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
25,639
37,122
23,405
27,164
26,261
11,546
12,591
4,840
10,494
12,498
17,391
16,180
11,202
total long term liabilities
25,639
37,122
227,170
244,186
256,812
11,546
12,591
4,840
10,494
12,498
17,391
16,180
11,202
total liabilities
4,765,341
4,188,257
4,462,565
4,075,097
4,736,969
7,053,024
7,109,342
5,526,717
4,880,906
5,114,890
5,147,696
3,973,208
2,390,667
net assets
7,112,020
5,724,066
5,021,838
3,582,739
2,670,896
2,259,975
1,916,256
1,517,689
1,332,904
897,909
373,465
156,428
128,899
total shareholders funds
7,112,020
5,724,066
5,021,838
3,582,739
2,670,896
2,259,975
1,916,256
1,517,689
1,332,904
897,909
373,465
156,428
128,899
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Operating Activities
Operating Profit
1,928,546
1,029,149
1,914,314
1,217,303
706,851
686,131
735,039
425,621
747,427
848,302
423,997
150,241
213,876
Depreciation
106,709
101,139
66,382
50,052
30,641
32,417
22,192
29,234
29,769
40,274
33,931
38,376
20,889
Amortisation
4,688
18,750
18,749
18,750
14,063
Tax
-511,936
-322,657
-386,114
-220,244
-124,385
-113,723
-119,830
-81,519
-152,150
-197,963
-89,510
-49,146
-54,154
Stock
Debtors
1,449,212
-325,569
-407,479
488,658
-1,625,845
-694,843
1,997,512
1,318,262
134,170
258,798
1,481,169
1,369,497
2,173,531
Creditors
30,310
336,549
-44,629
-24,679
1,412
-61,441
96,220
33,502
-66,993
99,698
-25,334
-201,785
320,146
Accruals and Deferred Income
556,690
-406,812
451,791
-627,147
-2,576,828
6,168
1,478,654
617,963
-164,987
-127,611
1,198,611
1,779,348
2,059,319
Deferred Taxes & Provisions
-11,483
13,717
-3,759
903
14,715
-1,045
7,751
-5,654
-2,004
-4,893
1,211
4,978
11,202
Cash flow from operations
649,624
1,076,654
2,405,464
-92,470
-321,749
1,243,350
222,514
-299,115
261,580
417,759
80,486
371,265
411,810
Investing Activities
capital expenditure
-63,518
-104
-13,119
-64,133
-24,166
-1,411
-224,675
Change in Investments
cash flow from investments
-63,518
-104
-13,119
-64,133
-24,166
-1,411
-224,675
Financing Activities
Bank loans
Group/Directors Accounts
1,567
-1,236
-2,678
2,110
1,804
Other Short Term Loans
Long term loans
-203,765
-13,257
-13,529
230,551
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
-18,656
-4,264
-29,101
-85,216
-159,545
-195,689
-186,642
-129,317
-119,282
-111,895
-106,450
-73,566
-30,923
cash flow from financing
-17,089
-209,265
-45,036
-96,635
72,810
-195,689
-186,642
-129,317
-119,282
-111,895
-106,450
-73,566
-30,823
cash and cash equivalents
cash
570,110
707,479
2,214,169
-243,870
-709,515
988,385
-57,646
-458,536
87,220
253,116
-61,130
302,498
155,145
overdraft
-12,761
470
12,291
change in cash
570,110
720,240
2,214,169
-244,340
-721,806
988,385
-57,646
-458,536
87,220
253,116
-61,130
302,498
155,145
nova payroll management services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for nova payroll management services limited. Get real-time insights into nova payroll management services limited's credit score, group structure and payment trends.
Nova Payroll Management Services Limited Competitor Analysis
Perform a competitor analysis for nova payroll management services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in NE11 area or any other competitors across 12 key performance metrics.
nova payroll management services limited Ownership
NOVA PAYROLL MANAGEMENT SERVICES LIMITED group structure
Nova Payroll Management Services Limited has no subsidiary companies.
Ultimate parent company
NOVA PAYROLL MANAGEMENT SERVICES LIMITED
07601096
NOVA PAYROLL MANAGEMENT SERVICES LIMITED Shareholders
The sole shareholder of Nova Payroll Management Services Limited is Gillian Findlay.
gillian findlay
100%
nova payroll management services limited directors
Nova Payroll Management Services Limited currently has 2 directors.
The longest serving directors include
Mrs Gillian Findlay (Apr 2014) and
Mr Terry Carney (Jun 2020).
nova payroll management services limited company details
company number
07601096
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
April 2011
age
14
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
SUMER AUDITCO LIMITED
address
axwell house waterside drive, gateshead, tyne and wear, NE11 9HU
Bank
-
Legal Advisor
-
nova payroll management 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 found 6 charges/mortgages relating to nova payroll management services limited. Currently there are 1 open charges and 5 have been satisfied in the past.
nova payroll management services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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nova payroll management services limitedCompanies House Filings - See Documents
