innovation centre for enterprise in wales limited
innovation centre for enterprise in wales limited Company Information
Company Number
08034689
Website
www.innovation.groupRegistered Address
britannia house, caerphilly business park, caerphilly, mid glamorgan, CF83 3GG
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Combined office administrative service activities
Telephone
01489898300
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
ice space makers limited 100%
innovation centre for enterprise in wales limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION CENTRE FOR ENTERPRISE IN WALES LIMITED at £2.1m based on a Turnover of £1.2m and 1.84x industry multiple (adjusted for size and gross margin).
innovation centre for enterprise in wales limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION CENTRE FOR ENTERPRISE IN WALES LIMITED at £0 based on an EBITDA of £-80.8k and a 5.3x industry multiple (adjusted for size and gross margin).
innovation centre for enterprise in wales limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION CENTRE FOR ENTERPRISE IN WALES LIMITED at £1.2k based on Net Assets of £606 and 2.06x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Innovation Centre For Enterprise In Wales Limited Overview
Innovation Centre For Enterprise In Wales Limited is a live company located in caerphilly, CF83 3GG with a Companies House number of 08034689. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in April 2012, it's largest shareholder is ice space makers limited with a 100% stake. Innovation Centre For Enterprise In Wales Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.
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Innovation Centre For Enterprise In Wales Limited Health Check
Pomanda's financial health check has awarded Innovation Centre For Enterprise In Wales Limited a 2.5 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
3 Strong
4 Regular
4 Weak
Size
annual sales of £1.2m, make it in line with the average company (£1m)
- Innovation Centre For Enterprise In Wales Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (3.5%)
- Innovation Centre For Enterprise In Wales Limited
3.5% - Industry AVG
Production
with a gross margin of 57.2%, this company has a comparable cost of product (57.2%)
- Innovation Centre For Enterprise In Wales Limited
57.2% - Industry AVG
Profitability
an operating margin of -7.7% make it less profitable than the average company (15.1%)
- Innovation Centre For Enterprise In Wales Limited
15.1% - Industry AVG
Employees
with 11 employees, this is above the industry average (8)
11 - Innovation Centre For Enterprise In Wales Limited
8 - Industry AVG
Pay Structure
on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)
- Innovation Centre For Enterprise In Wales Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £105.1k, this is less efficient (£135.2k)
- Innovation Centre For Enterprise In Wales Limited
£135.2k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (31 days)
- Innovation Centre For Enterprise In Wales Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (32 days)
- Innovation Centre For Enterprise In Wales Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Innovation Centre For Enterprise In Wales Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (18 weeks)
2 weeks - Innovation Centre For Enterprise In Wales Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (59.9%)
99.9% - Innovation Centre For Enterprise In Wales Limited
59.9% - Industry AVG
innovation centre for enterprise in wales limited Credit Report and Business Information
Innovation Centre For Enterprise In Wales Limited Competitor Analysis
Perform a competitor analysis for innovation centre for enterprise in wales limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
innovation centre for enterprise in wales limited Ownership
INNOVATION CENTRE FOR ENTERPRISE IN WALES LIMITED group structure
Innovation Centre For Enterprise In Wales Limited has no subsidiary companies.
Ultimate parent company
2 parents
INNOVATION CENTRE FOR ENTERPRISE IN WALES LIMITED
08034689
innovation centre for enterprise in wales limited directors
Innovation Centre For Enterprise In Wales Limited currently has 6 directors. The longest serving directors include Mr Anthony Record (Jun 2012) and Mr William Record (Dec 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Record | 84 years | Jun 2012 | - | Director | |
| Mr William Record | Wales | 57 years | Dec 2012 | - | Director |
| Mr Stephen Burt | Wales | 54 years | Jun 2020 | - | Director |
| Mrs Anneka Browne | 38 years | Jun 2020 | - | Director | |
| Mrs Anneka Browne | 38 years | Jun 2020 | - | Director | |
| Ms Lesley Williams | United Kingdom | 35 years | Jun 2021 | - | Director |
INNOVATION CENTRE FOR ENTERPRISE IN WALES LIMITED financials
Innovation Centre For Enterprise In Wales Limited's latest turnover from April 2023 is estimated at £1.2 million and the company has net assets of £606. According to their latest financial statements, Innovation Centre For Enterprise In Wales Limited has 11 employees and maintains cash reserves of £19 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 399,781 | 410,479 | 375,939 | 126,280 | |||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | -290,901 | -269,867 | -242,813 | -214,489 | |||||||
| Interest Payable | 1,248 | 51 | 24 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | 0 | |||||||
| Pre-Tax Profit | -292,149 | -269,918 | -242,837 | -214,489 | |||||||
| Tax | 0 | 0 | 0 | 0 | |||||||
| Profit After Tax | -292,149 | -269,918 | -242,837 | -214,489 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | -292,149 | -269,918 | -242,837 | -214,489 | |||||||
| Employee Costs | |||||||||||
| Number Of Employees | 11 | 17 | 10 | 7 | 7 | 7 | 6 | 6 | |||
| EBITDA* | -279,275 | -257,140 | -234,932 | -213,266 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,849 | 38,860 | 43,562 | 58,013 | 61,376 | 58,376 | 43,820 | 4,061 | 55,252 | 54,431 | 9,197 |
| Intangible Assets | 232,400 | 206,789 | 122,781 | 478 | 823 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 26,042 | 992 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 238,249 | 245,649 | 192,385 | 59,483 | 62,199 | 58,376 | 43,820 | 4,061 | 55,252 | 54,431 | 9,197 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 112,207 | 78,392 | 54,888 | 77,454 | 64,900 | 27,848 | 49,597 | 79,224 | 21,038 | 27,590 | 5,838 |
| Group Debtors | 0 | 28,570 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 43,825 | 53,583 | 52,930 | 34,067 | 53,711 | 26,218 | 23,709 | 110,789 | 7,037 | 23,877 | 30,105 |
| Cash | 18,952 | 29,755 | 103,474 | 91,805 | 16,494 | 10,166 | 2,343 | 108,857 | 80 | 2,179 | 2,629 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 174,984 | 190,300 | 211,292 | 203,326 | 135,105 | 64,232 | 75,649 | 298,870 | 28,155 | 53,646 | 38,572 |
| total assets | 413,233 | 435,949 | 403,677 | 262,809 | 197,304 | 122,608 | 119,469 | 302,931 | 83,407 | 108,077 | 47,769 |
| Bank overdraft | 34,186 | 20,740 | 19,915 | 0 | 0 | 0 | 1,909 | 0 | 20,066 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 98,301 | 58,182 | 51,282 | 26,268 | 92,510 | 41,281 | 107,254 | 135,121 | 61,491 | 24,542 | 14,143 |
| Group/Directors Accounts | 155,501 | 90,771 | 101,745 | 126,715 | 135,503 | 929,827 | 831,658 | 665,000 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 75,071 | 106,391 | 64,149 | 126,729 | 54,548 | 117,582 | 165,452 | 422,203 | 265,094 | 176,861 | 80,115 |
| total current liabilities | 363,059 | 276,084 | 237,091 | 279,712 | 282,561 | 1,088,690 | 1,106,273 | 1,222,324 | 346,651 | 201,403 | 94,258 |
| loans | 49,568 | 62,843 | 81,085 | 0 | 0 | 0 | 0 | 0 | 364,000 | 264,000 | 68,000 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 49,568 | 62,843 | 81,085 | 0 | 0 | 0 | 0 | 0 | 364,000 | 264,000 | 68,000 |
| total liabilities | 412,627 | 338,927 | 318,176 | 279,712 | 282,561 | 1,088,690 | 1,106,273 | 1,222,324 | 710,651 | 465,403 | 162,258 |
| net assets | 606 | 97,022 | 85,501 | -16,903 | -85,257 | -966,082 | -986,804 | -919,393 | -627,244 | -357,326 | -114,489 |
| total shareholders funds | 606 | 97,022 | 85,501 | -16,903 | -85,257 | -966,082 | -986,804 | -919,393 | -627,244 | -357,326 | -114,489 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -290,901 | -269,867 | -242,813 | -214,489 | |||||||
| Depreciation | 8,091 | 14,177 | 14,303 | 15,709 | 16,001 | 12,734 | 9,055 | 11,626 | 12,727 | 7,881 | 1,223 |
| Amortisation | 0 | 159 | 319 | 345 | 27 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,513 | 52,727 | -3,703 | -7,090 | 64,545 | -19,240 | -116,707 | 161,938 | -23,392 | 15,524 | 35,943 |
| Creditors | 40,119 | 6,900 | 25,014 | -66,242 | 51,229 | -65,973 | -27,867 | 73,630 | 36,949 | 10,399 | 14,143 |
| Accruals and Deferred Income | -31,320 | 42,242 | -62,580 | 72,181 | -63,034 | -47,870 | -256,751 | 157,109 | 88,233 | 96,746 | 80,115 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -210,474 | -108,566 | -143,311 | -154,951 | |||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | -26,042 | 25,050 | 992 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 64,730 | -10,974 | -24,970 | -8,788 | -794,324 | 98,169 | 166,658 | 665,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -13,275 | -18,242 | 81,085 | 0 | 0 | 0 | 0 | -364,000 | 100,000 | 196,000 | 68,000 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | -1,248 | -51 | -24 | 0 | |||||||
| cash flow from financing | 299,752 | 99,949 | 195,976 | 168,000 | |||||||
| cash and cash equivalents | |||||||||||
| cash | -10,803 | -73,719 | 11,669 | 75,311 | 6,328 | 7,823 | -106,514 | 108,777 | -2,099 | -450 | 2,629 |
| overdraft | 13,446 | 825 | 19,915 | 0 | 0 | -1,909 | 1,909 | -20,066 | 20,066 | 0 | 0 |
| change in cash | -24,249 | -74,544 | -8,246 | 75,311 | 6,328 | 9,732 | -108,423 | 128,843 | -22,165 | -450 | 2,629 |
P&L
April 2023turnover
1.2m
+11%
operating profit
-88.9k
0%
gross margin
57.3%
-1.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
606
-0.99%
total assets
413.2k
-0.05%
cash
19k
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
innovation centre for enterprise in wales limited company details
company number
08034689
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
82110 - Combined office administrative service activities
incorporation date
April 2012
age
12
accounts
Total Exemption Full
ultimate parent company
previous names
mandaco 733 limited (June 2012)
incorporated
UK
address
britannia house, caerphilly business park, caerphilly, mid glamorgan, CF83 3GG
last accounts submitted
April 2023
innovation centre for enterprise in wales 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 innovation centre for enterprise in wales limited.
innovation centre for enterprise in wales limited Companies House Filings - See Documents
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