jovaart ltd
jovaart ltd Company Information
Company Number
09589905
Registered Address
suite 2 rosehill, 165 lutterworth road, leicester, LE8 4DY
Industry
Manufacture of medical and dental instruments and supplies
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
simona salajan 50%
calin salajan 50%
jovaart ltd Estimated Valuation
Pomanda estimates the enterprise value of JOVAART LTD at £58k based on a Turnover of £78.4k and 0.74x industry multiple (adjusted for size and gross margin).
jovaart ltd Estimated Valuation
Pomanda estimates the enterprise value of JOVAART LTD at £43.6k based on an EBITDA of £9.5k and a 4.59x industry multiple (adjusted for size and gross margin).
jovaart ltd Estimated Valuation
Pomanda estimates the enterprise value of JOVAART LTD at £75.5k based on Net Assets of £32.9k and 2.3x industry multiple (adjusted for liquidity).
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Jovaart Ltd Overview
Jovaart Ltd is a live company located in leicester, LE8 4DY with a Companies House number of 09589905. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in May 2015, it's largest shareholder is simona salajan with a 50% stake. Jovaart Ltd is a young, micro sized company, Pomanda has estimated its turnover at £78.4k with declining growth in recent years.
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Jovaart Ltd Health Check
Pomanda's financial health check has awarded Jovaart Ltd a 2.5 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £78.4k, make it smaller than the average company (£16.5m)
- Jovaart Ltd
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.2%)
- Jovaart Ltd
6.2% - Industry AVG
Production
with a gross margin of 26.5%, this company has a higher cost of product (38.1%)
- Jovaart Ltd
38.1% - Industry AVG
Profitability
an operating margin of 12.1% make it more profitable than the average company (6.1%)
- Jovaart Ltd
6.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (87)
2 - Jovaart Ltd
87 - Industry AVG
Pay Structure
on an average salary of £46.7k, the company has an equivalent pay structure (£46.7k)
- Jovaart Ltd
£46.7k - Industry AVG
Efficiency
resulting in sales per employee of £39.2k, this is less efficient (£174.2k)
- Jovaart Ltd
£174.2k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (50 days)
- Jovaart Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (38 days)
- Jovaart Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Jovaart Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Jovaart Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.5%, this is a higher level of debt than the average (43.8%)
59.5% - Jovaart Ltd
43.8% - Industry AVG
JOVAART LTD financials
Jovaart Ltd's latest turnover from May 2023 is estimated at £78.4 thousand and the company has net assets of £32.9 thousand. According to their latest financial statements, Jovaart Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 80,550 | 44,960 | 49,750 | 52,040 | 61,240 | 67,318 | 61,723 | 68,390 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 80,550 | 44,960 | 49,750 | 52,040 | 61,240 | 67,318 | 61,723 | 68,390 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 495 | 200 |
| Trade Debtors | 761 | 11,160 | 7,523 | 4,976 | 5,200 | 900 | 4,138 | 1,713 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 761 | 11,160 | 7,523 | 4,976 | 5,200 | 900 | 4,633 | 1,913 |
| total assets | 81,311 | 56,120 | 57,273 | 57,016 | 66,440 | 68,218 | 66,356 | 70,303 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,461 | 15,243 | 4,420 | 27,170 | 43,792 | 54,731 | 52,773 | 58,249 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 7,461 | 15,243 | 4,420 | 27,170 | 43,792 | 54,731 | 52,773 | 58,249 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 40,949 | 15,093 | 24,835 | 7,015 | 24,465 | 18,465 | 21,276 | 29,986 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 40,949 | 15,093 | 24,835 | 7,015 | 24,465 | 18,465 | 21,276 | 29,986 |
| total liabilities | 48,410 | 30,336 | 29,255 | 34,185 | 68,257 | 73,196 | 74,049 | 88,235 |
| net assets | 32,901 | 25,784 | 28,018 | 22,831 | -1,817 | -4,978 | -7,693 | -17,932 |
| total shareholders funds | 32,901 | 25,784 | 28,018 | 22,831 | -1,817 | -4,978 | -7,693 | -17,932 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 7,695 | 7,586 | ||||||
| Amortisation | 0 | 0 | ||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -495 | 295 | 200 |
| Debtors | -10,399 | 3,637 | 2,547 | -224 | 4,300 | -3,238 | 2,425 | 1,713 |
| Creditors | -7,782 | 10,823 | -22,750 | -16,622 | -10,939 | 1,958 | -5,476 | 58,249 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 25,856 | -9,742 | 17,820 | -17,450 | 6,000 | -2,811 | -8,710 | 29,986 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
jovaart ltd Credit Report and Business Information
Jovaart Ltd Competitor Analysis
Perform a competitor analysis for jovaart ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in LE8 area or any other competitors across 12 key performance metrics.
jovaart ltd Ownership
JOVAART LTD group structure
Jovaart Ltd has no subsidiary companies.
Ultimate parent company
JOVAART LTD
09589905
jovaart ltd directors
Jovaart Ltd currently has 2 directors. The longest serving directors include Mr Calin Salajan (May 2015) and Mrs Simona Salajan (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Calin Salajan | United Kingdom | 48 years | May 2015 | - | Director |
| Mrs Simona Salajan | United Kingdom | 44 years | May 2015 | - | Director |
P&L
May 2023turnover
78.4k
-26%
operating profit
9.5k
0%
gross margin
26.6%
-3.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
32.9k
+0.28%
total assets
81.3k
+0.45%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
jovaart ltd company details
company number
09589905
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
May 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
suite 2 rosehill, 165 lutterworth road, leicester, LE8 4DY
Bank
-
Legal Advisor
-
jovaart 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 jovaart ltd.
jovaart ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
