innovit europe ltd
innovit europe ltd Company Information
Company Number
08229861
Website
www.innovit.comRegistered Address
20-22 wenlock road, london, N1 7GU
Industry
Other software publishing
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Directors
Bang Chau11 Years
Shareholders
innovit pty ltd 100%
innovit europe ltd Estimated Valuation
Pomanda estimates the enterprise value of INNOVIT EUROPE LTD at £138.6k based on a Turnover of £251.2k and 0.55x industry multiple (adjusted for size and gross margin).
innovit europe ltd Estimated Valuation
Pomanda estimates the enterprise value of INNOVIT EUROPE LTD at £524.7k based on an EBITDA of £114.6k and a 4.58x industry multiple (adjusted for size and gross margin).
innovit europe ltd Estimated Valuation
Pomanda estimates the enterprise value of INNOVIT EUROPE LTD at £238.8k based on Net Assets of £349.2k and 0.68x industry multiple (adjusted for liquidity).
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Innovit Europe Ltd Overview
Innovit Europe Ltd is a live company located in london, N1 7GU with a Companies House number of 08229861. It operates in the other software publishing sector, SIC Code 58290. Founded in September 2012, it's largest shareholder is innovit pty ltd with a 100% stake. Innovit Europe Ltd is a established, micro sized company, Pomanda has estimated its turnover at £251.2k with declining growth in recent years.
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Innovit Europe Ltd Health Check
Pomanda's financial health check has awarded Innovit Europe Ltd a 4 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
3 Regular
4 Weak
Size
annual sales of £251.2k, make it smaller than the average company (£5.7m)
- Innovit Europe Ltd
£5.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (6%)
- Innovit Europe Ltd
6% - Industry AVG
Production
with a gross margin of 71%, this company has a comparable cost of product (71%)
- Innovit Europe Ltd
71% - Industry AVG
Profitability
an operating margin of 45.6% make it more profitable than the average company (4%)
- Innovit Europe Ltd
4% - Industry AVG
Employees
with 2 employees, this is below the industry average (38)
- Innovit Europe Ltd
38 - Industry AVG
Pay Structure
on an average salary of £83.1k, the company has an equivalent pay structure (£83.1k)
- Innovit Europe Ltd
£83.1k - Industry AVG
Efficiency
resulting in sales per employee of £125.6k, this is less efficient (£159.5k)
- Innovit Europe Ltd
£159.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Innovit Europe Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 433 days, this is slower than average (36 days)
- Innovit Europe Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Innovit Europe Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (14 weeks)
78 weeks - Innovit Europe Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57%, this is a similar level of debt than the average (55.5%)
57% - Innovit Europe Ltd
55.5% - Industry AVG
INNOVIT EUROPE LTD financials
Innovit Europe Ltd's latest turnover from June 2023 is estimated at £251.2 thousand and the company has net assets of £349.2 thousand. According to their latest financial statements, we estimate that Innovit Europe Ltd has 2 employees and maintains cash reserves of £699.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||||
| Number Of Employees | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 38,262 | 38,262 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 0 | 38,262 | 38,262 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 618,454 | 43,019 | 59,812 | 193,856 | 296,818 | 22,254 | 121,412 | 7,145 | 31,860 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 112,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 699,733 | 699,733 | 0 | 0 | 0 | 0 | 0 | 185,653 | 44,887 | 54,276 | 62,213 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 811,950 | 699,733 | 618,454 | 43,019 | 59,812 | 193,856 | 296,818 | 207,907 | 166,299 | 61,421 | 94,073 |
| total assets | 811,950 | 699,733 | 618,454 | 81,281 | 98,074 | 193,856 | 296,818 | 207,907 | 166,299 | 61,421 | 94,073 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 86,591 | 86,591 | 633,888 | 534,044 | 452,632 | 417,758 | 425,939 | 263,226 | 157,507 | 3,661 | 51,783 |
| Group/Directors Accounts | 224,117 | 224,117 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 152,079 | 152,079 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 462,787 | 462,787 | 633,888 | 534,044 | 452,632 | 417,758 | 425,939 | 263,226 | 157,507 | 3,661 | 51,783 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 8,403 | 834 | 834 | 834 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 29,473 | 28,640 | 39,305 | 39,305 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 8,403 | 834 | 834 | 834 | 29,473 | 28,640 | 39,305 | 39,305 | 0 |
| total liabilities | 462,787 | 462,787 | 642,291 | 534,878 | 453,466 | 418,592 | 455,412 | 291,866 | 196,812 | 42,966 | 51,783 |
| net assets | 349,163 | 236,946 | -23,837 | -453,597 | -355,392 | -224,736 | -158,594 | -83,959 | -30,513 | 18,455 | 42,290 |
| total shareholders funds | 349,163 | 236,946 | -23,837 | -453,597 | -355,392 | -224,736 | -158,594 | -83,959 | -30,513 | 18,455 | 42,290 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 112,217 | -618,454 | 575,435 | -16,793 | -134,044 | -102,962 | 274,564 | -99,158 | 114,267 | -24,715 | 31,860 |
| Creditors | 0 | -547,297 | 99,844 | 81,412 | 34,874 | -8,181 | 162,713 | 105,719 | 153,846 | -48,122 | 51,783 |
| Accruals and Deferred Income | 0 | 143,676 | 7,569 | 0 | 0 | 834 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 | 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 | 0 | 224,117 | 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 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -29,473 | 833 | -10,665 | 0 | 39,305 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 0 | 699,733 | 0 | 0 | 0 | 0 | -185,653 | 140,766 | -9,389 | -7,937 | 62,213 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 699,733 | 0 | 0 | 0 | 0 | -185,653 | 140,766 | -9,389 | -7,937 | 62,213 |
innovit europe ltd Credit Report and Business Information
Innovit Europe Ltd Competitor Analysis
Perform a competitor analysis for innovit europe ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
innovit europe ltd Ownership
INNOVIT EUROPE LTD group structure
Innovit Europe Ltd has no subsidiary companies.
Ultimate parent company
INNOVIT PTY LTD
#0023546
1 parent
INNOVIT EUROPE LTD
08229861
innovit europe ltd directors
Innovit Europe Ltd currently has 1 director, Mr Bang Chau serving since Sep 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bang Chau | United Kingdom | 54 years | Sep 2012 | - | Director |
P&L
June 2023turnover
251.2k
-2%
operating profit
114.6k
0%
gross margin
71%
-0.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
349.2k
+0.47%
total assets
812k
+0.16%
cash
699.7k
0%
net assets
Total assets minus all liabilities
Similar Companies
innovit europe ltd company details
company number
08229861
Type
Private limited with Share Capital
industry
58290 - Other software publishing
incorporation date
September 2012
age
12
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
20-22 wenlock road, london, N1 7GU
accountant
TAXASSIST ACCOUNTANTS
auditor
-
innovit europe ltd 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 innovit europe ltd.
innovit europe ltd Companies House Filings - See Documents
| date | description | view/download |
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