ocado innovation limited
ocado innovation limited Company Information
Company Number
08813912
Next Accounts
Sep 2025
Industry
Other information technology and computer service activities
Shareholders
ocado group plc
Group Structure
View All
Contact
Registered Address
buildings one & two, trident place, hatfield, hertfordshire, AL10 9UL
Website
www.ocadotechnology.comocado innovation limited Estimated Valuation
Pomanda estimates the enterprise value of OCADO INNOVATION LIMITED at £94.7m based on a Turnover of £58.6m and 1.62x industry multiple (adjusted for size and gross margin).
ocado innovation limited Estimated Valuation
Pomanda estimates the enterprise value of OCADO INNOVATION LIMITED at £0 based on an EBITDA of £-3.1m and a 10.81x industry multiple (adjusted for size and gross margin).
ocado innovation limited Estimated Valuation
Pomanda estimates the enterprise value of OCADO INNOVATION LIMITED at £0 based on Net Assets of £-1.1b and 2.23x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ocado Innovation Limited Overview
Ocado Innovation Limited is a live company located in hatfield, AL10 9UL with a Companies House number of 08813912. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2013, it's largest shareholder is ocado group plc with a 100% stake. Ocado Innovation Limited is a established, large sized company, Pomanda has estimated its turnover at £58.6m with rapid growth in recent years.
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Ocado Innovation Limited Health Check
Pomanda's financial health check has awarded Ocado Innovation Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £58.6m, make it larger than the average company (£7.3m)
£58.6m - Ocado Innovation Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (8%)
40% - Ocado Innovation Limited
8% - Industry AVG
Production
with a gross margin of 51.7%, this company has a comparable cost of product (51.7%)
51.7% - Ocado Innovation Limited
51.7% - Industry AVG
Profitability
an operating margin of -226.8% make it less profitable than the average company (3.5%)
-226.8% - Ocado Innovation Limited
3.5% - Industry AVG
Employees
with 330 employees, this is above the industry average (43)
- Ocado Innovation Limited
43 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Ocado Innovation Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £177.6k, this is equally as efficient (£177.9k)
- Ocado Innovation Limited
£177.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ocado Innovation Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (33 days)
77 days - Ocado Innovation Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (16 days)
5 days - Ocado Innovation Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Ocado Innovation Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 237.3%, this is a higher level of debt than the average (64.7%)
237.3% - Ocado Innovation Limited
64.7% - Industry AVG
OCADO INNOVATION LIMITED financials
Ocado Innovation Limited's latest turnover from December 2023 is £58.6 million and the company has net assets of -£1.1 billion. According to their latest financial statements, we estimate that Ocado Innovation Limited has 330 employees and maintains cash reserves of £300 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 58,600,000 | 47,400,000 | 38,500,000 | 21,200,000 | 32,400,000 | 34,700,000 | 33,900,000 | 31,600,000 | 30,300,000 | 13,400,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Gross Profit | 38,500,000 | 21,200,000 | 32,400,000 | 34,700,000 | 33,900,000 | 31,600,000 | 30,300,000 | 13,400,000 | ||
| Admin Expenses | 275,800,000 | 504,800,000 | 127,200,000 | 89,200,000 | 63,100,000 | -277,700,000 | 41,900,000 | 17,700,000 | ||
| Operating Profit | -132,900,000 | -300,200,000 | -237,300,000 | -483,600,000 | -94,800,000 | -54,500,000 | -29,200,000 | 309,300,000 | -11,600,000 | -4,300,000 |
| Interest Payable | 53,000,000 | 8,900,000 | 20,500,000 | 14,000,000 | 9,000,000 | 5,800,000 | 3,300,000 | 9,300,000 | 17,300,000 | 7,500,000 |
| Interest Receivable | 6,100,000 | 100,000 | 7,000,000 | 2,600,000 | 2,100,000 | 2,700,000 | 800,000 | 700,000 | 1,000,000 | 0 |
| Pre-Tax Profit | -174,000,000 | -329,700,000 | -250,800,000 | -495,000,000 | -101,700,000 | -57,600,000 | -31,700,000 | 300,700,000 | -27,900,000 | -11,800,000 |
| Tax | 9,300,000 | -200,000 | 5,100,000 | -11,300,000 | 2,800,000 | -5,600,000 | 0 | -3,900,000 | 600,000 | 0 |
| Profit After Tax | -164,700,000 | -329,900,000 | -245,700,000 | -506,300,000 | -98,900,000 | -63,200,000 | -31,700,000 | 296,800,000 | -27,300,000 | -11,800,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -164,700,000 | -329,900,000 | -245,700,000 | -506,300,000 | -98,900,000 | -63,200,000 | -31,700,000 | 296,800,000 | -27,300,000 | -11,800,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 5 | |||||||||
| EBITDA* | -3,100,000 | -170,400,000 | -151,500,000 | -424,300,000 | -48,800,000 | -21,500,000 | -9,600,000 | 323,800,000 | 2,900,000 | 2,200,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 142,000,000 | 169,700,000 | 171,100,000 | 136,900,000 | 111,800,000 | 71,400,000 | 59,300,000 | 50,900,000 | 33,600,000 | 8,100,000 |
| Intangible Assets | 444,900,000 | 294,800,000 | 264,800,000 | 225,300,000 | 491,600,000 | 448,900,000 | 418,900,000 | 385,000,000 | 357,300,000 | 342,000,000 |
| Investments & Other | 0 | 6,200,000 | 6,000,000 | 2,000,000 | 1,300,000 | 800,000 | 500,000 | 200,000 | 100,000 | 0 |
| Debtors (Due After 1 year) | 124,600,000 | 57,300,000 | 25,600,000 | 13,900,000 | 10,100,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 711,500,000 | 528,000,000 | 435,900,000 | 360,300,000 | 593,300,000 | 520,300,000 | 478,200,000 | 435,900,000 | 390,900,000 | 350,100,000 |
| Stock & work in progress | 400,000 | 1,200,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 100,000 | 20,200,000 | 13,100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 74,000,000 | 0 | 0 | 0 | 14,100,000 | 5,100,000 | 2,500,000 | 3,100,000 | 1,700,000 | 5,900,000 |
| Misc Debtors | 30,500,000 | 12,100,000 | 0 | 0 | 8,700,000 | 6,600,000 | 3,500,000 | 3,100,000 | 1,800,000 | 1,200,000 |
| Cash | 300,000 | 3,300,000 | 500,000 | 2,900,000 | 0 | 1,800,000 | 600,000 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 3,100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 105,200,000 | 16,700,000 | 20,800,000 | 19,100,000 | 22,800,000 | 13,500,000 | 6,600,000 | 6,200,000 | 3,500,000 | 7,100,000 |
| total assets | 816,700,000 | 544,700,000 | 456,700,000 | 379,400,000 | 616,100,000 | 533,800,000 | 484,800,000 | 442,100,000 | 394,400,000 | 357,200,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 3,100,000 | 0 | 0 | 1,800,000 | 400,000 | 200,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,000,000 | 6,600,000 | 1,072,100,000 | 2,300,000 | 600,000 | 1,800,000 | 1,100,000 | 1,700,000 | 1,200,000 | 800,000 |
| Group/Directors Accounts | 1,905,100,000 | 1,442,600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 2,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,000 |
| other current liabilities | 20,100,000 | 39,400,000 | 0 | 742,800,000 | 475,600,000 | 359,700,000 | 250,800,000 | 174,200,000 | 429,500,000 | 365,900,000 |
| total current liabilities | 1,931,200,000 | 1,488,600,000 | 1,074,200,000 | 745,100,000 | 479,300,000 | 361,500,000 | 251,900,000 | 177,700,000 | 431,100,000 | 367,300,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,600,000 | 12,500,000 | 24,600,000 | 38,600,000 | 32,400,000 | 17,800,000 | 13,400,000 | 13,400,000 | 4,800,000 | 3,400,000 |
| total long term liabilities | 6,600,000 | 12,500,000 | 12,300,000 | 19,300,000 | 16,200,000 | 8,900,000 | 6,700,000 | 6,700,000 | 2,400,000 | 1,700,000 |
| total liabilities | 1,937,800,000 | 1,501,100,000 | 1,086,500,000 | 764,400,000 | 495,500,000 | 370,400,000 | 258,600,000 | 184,400,000 | 433,500,000 | 369,000,000 |
| net assets | -1,121,100,000 | -956,400,000 | -629,800,000 | -385,000,000 | 120,600,000 | 163,400,000 | 226,200,000 | 257,700,000 | -39,100,000 | -11,800,000 |
| total shareholders funds | -1,121,100,000 | -956,400,000 | -629,800,000 | -385,000,000 | 120,600,000 | 163,400,000 | 226,200,000 | 257,700,000 | -39,100,000 | -11,800,000 |
| Dec 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -132,900,000 | -300,200,000 | -237,300,000 | -483,600,000 | -94,800,000 | -54,500,000 | -29,200,000 | 309,300,000 | -11,600,000 | -4,300,000 |
| Depreciation | 30,200,000 | 30,200,000 | 17,200,000 | 10,800,000 | 9,100,000 | 6,700,000 | 5,500,000 | 3,400,000 | 2,800,000 | 1,400,000 |
| Amortisation | 99,600,000 | 99,600,000 | 68,600,000 | 48,500,000 | 36,900,000 | 26,300,000 | 14,100,000 | 11,100,000 | 11,700,000 | 5,100,000 |
| Tax | 9,300,000 | -200,000 | 5,100,000 | -11,300,000 | 2,800,000 | -5,600,000 | 0 | -3,900,000 | 600,000 | 0 |
| Stock | -800,000 | 1,100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 159,600,000 | 23,700,000 | 18,800,000 | -5,900,000 | 21,200,000 | 5,700,000 | -200,000 | 2,700,000 | -3,600,000 | 7,100,000 |
| Creditors | -600,000 | -1,065,500,000 | 1,069,800,000 | 1,700,000 | -1,200,000 | 700,000 | -600,000 | 500,000 | 400,000 | 800,000 |
| Accruals and Deferred Income | -19,300,000 | 39,400,000 | -742,800,000 | 267,200,000 | 115,900,000 | 108,900,000 | 76,600,000 | -255,300,000 | 63,600,000 | 365,900,000 |
| Deferred Taxes & Provisions | -5,900,000 | -12,100,000 | -14,000,000 | 6,200,000 | 14,600,000 | 4,400,000 | 0 | 8,600,000 | 1,400,000 | 3,400,000 |
| Cash flow from operations | -178,400,000 | -1,233,600,000 | 147,700,000 | -154,600,000 | 62,100,000 | 81,200,000 | 66,600,000 | 71,000,000 | 72,500,000 | 365,200,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -6,200,000 | 200,000 | 4,000,000 | 700,000 | 500,000 | 300,000 | 300,000 | 100,000 | 100,000 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 462,500,000 | 1,442,600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -2,100,000 | 2,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400,000 | 400,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -46,900,000 | -8,800,000 | -13,500,000 | -11,400,000 | -6,900,000 | -3,100,000 | -2,500,000 | -8,600,000 | -16,300,000 | -7,500,000 |
| cash flow from financing | 415,600,000 | 1,435,000,000 | -10,500,000 | -10,700,000 | 49,200,000 | -2,700,000 | -2,300,000 | -8,600,000 | -16,700,000 | -7,100,000 |
| cash and cash equivalents | ||||||||||
| cash | -3,000,000 | 2,800,000 | -2,400,000 | 2,900,000 | -1,800,000 | 1,200,000 | 600,000 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | -3,100,000 | 3,100,000 | 0 | -1,800,000 | 1,400,000 | 200,000 | 200,000 |
| change in cash | -3,000,000 | 2,800,000 | -2,400,000 | 6,000,000 | -4,900,000 | 1,200,000 | 2,400,000 | -1,400,000 | -200,000 | -200,000 |
ocado innovation limited Credit Report and Business Information
Ocado Innovation Limited Competitor Analysis
Perform a competitor analysis for ocado innovation limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in AL10 area or any other competitors across 12 key performance metrics.
ocado innovation limited Ownership
OCADO INNOVATION LIMITED group structure
Ocado Innovation Limited has no subsidiary companies.
ocado innovation limited directors
Ocado Innovation Limited currently has 4 directors. The longest serving directors include Mr Mark Richardson (Dec 2013) and Mr Neill Abrams (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Richardson | United Kingdom | 60 years | Dec 2013 | - | Director |
| Mr Neill Abrams | United Kingdom | 60 years | Dec 2013 | - | Director |
| Mr Timothy Steiner | United Kingdom | 55 years | Jun 2014 | - | Director |
| Mr Stephen Daintith | United Kingdom | 60 years | Mar 2021 | - | Director |
P&L
December 2023turnover
58.6m
+24%
operating profit
-132.9m
-56%
gross margin
51.7%
-0.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.1b
+0.17%
total assets
816.7m
+0.5%
cash
300k
-0.91%
net assets
Total assets minus all liabilities
ocado innovation limited company details
company number
08813912
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
December 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ocado technology limited (June 2014)
accountant
-
auditor
DELOITTE LLP
address
buildings one & two, trident place, hatfield, hertfordshire, AL10 9UL
Bank
-
Legal Advisor
-
ocado innovation 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 2 charges/mortgages relating to ocado innovation limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ocado innovation 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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ocado innovation limited Companies House Filings - See Documents
| date | description | view/download |
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