novum developments limited

3.5

novum developments limited Company Information

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Company Number

09707431

Website

-

Registered Address

126 austin road, luton, LU3 1UB

Industry

Development of building projects

 

Telephone

01582619170

Next Accounts Due

April 2025

Group Structure

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Directors

Naveed Ahmed8 Years

Shareholders

naveed ahmed 50%

samina kauser ahmed 25%

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novum developments limited Estimated Valuation

£838.3k

Pomanda estimates the enterprise value of NOVUM DEVELOPMENTS LIMITED at £838.3k based on a Turnover of £1.8m and 0.47x industry multiple (adjusted for size and gross margin).

novum developments limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of NOVUM DEVELOPMENTS LIMITED at £2.1m based on an EBITDA of £595.4k and a 3.51x industry multiple (adjusted for size and gross margin).

novum developments limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NOVUM DEVELOPMENTS LIMITED at £0 based on Net Assets of £-425.4k and 1.31x industry multiple (adjusted for liquidity).

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Novum Developments Limited Overview

Novum Developments Limited is a live company located in luton, LU3 1UB with a Companies House number of 09707431. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2015, it's largest shareholder is naveed ahmed with a 50% stake. Novum Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £1.8m with healthy growth in recent years.

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Novum Developments Limited Health Check

Pomanda's financial health check has awarded Novum Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1.8m, make it smaller than the average company (£2.3m)

£1.8m - Novum Developments Limited

£2.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3%)

15% - Novum Developments Limited

3% - Industry AVG

production

Production

with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)

25.9% - Novum Developments Limited

25.9% - Industry AVG

profitability

Profitability

an operating margin of 33.1% make it more profitable than the average company (7.3%)

33.1% - Novum Developments Limited

7.3% - Industry AVG

employees

Employees

with 13 employees, this is above the industry average (6)

13 - Novum Developments Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)

£49.3k - Novum Developments Limited

£49.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £137.8k, this is less efficient (£291.7k)

£137.8k - Novum Developments Limited

£291.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Novum Developments Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (30 days)

13 days - Novum Developments Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Novum Developments Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (12 weeks)

22 weeks - Novum Developments Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 218.9%, this is a higher level of debt than the average (73.9%)

218.9% - Novum Developments Limited

73.9% - Industry AVG

NOVUM DEVELOPMENTS LIMITED financials

EXPORTms excel logo

Novum Developments Limited's latest turnover from July 2023 is estimated at £1.8 million and the company has net assets of -£425.4 thousand. According to their latest financial statements, Novum Developments Limited has 13 employees and maintains cash reserves of £323.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016
Turnover1,791,0751,785,7921,339,6401,186,4252,660,5404,714,2202,858,5824,145,556
Other Income Or Grants00000000
Cost Of Sales1,326,4231,351,6571,033,988900,7021,954,4913,395,4781,998,7092,913,117
Gross Profit464,652434,135305,652285,723706,0491,318,742859,8731,232,439
Admin Expenses-127,533626,931873,634-328,5131,143,3621,870,811-145,3011,667,838
Operating Profit592,185-192,796-567,982614,236-437,313-552,0691,005,174-435,399
Interest Payable5,6254,4882,3463160000
Interest Receivable10,2071,37244037302,7332,0901,447
Pre-Tax Profit596,768-195,911-569,888614,293-437,313-549,3361,007,264-433,952
Tax-149,19200-116,71600-191,3800
Profit After Tax447,576-195,911-569,888497,577-437,313-549,336815,884-433,952
Dividends Paid00000000
Retained Profit447,576-195,911-569,888497,577-437,313-549,336815,884-433,952
Employee Costs640,665583,568445,748347,367261,831730,871460,826651,986
Number Of Employees13131086171116
EBITDA*595,398-192,796-567,982614,236-437,313-552,0691,005,174-435,399

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016
Tangible Assets24,36914,73214,73214,7325,6985,6984,5000
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets24,36914,73214,73214,7325,6985,6984,5000
Stock & work in progress00000000
Trade Debtors000071,696376,21619,58753,466
Group Debtors00000000
Misc Debtors10,000226,01541,755101,6970000
Cash323,48184,810134,779745,189001,093,382578,878
misc current assets00000000
total current assets333,481310,825176,534846,88671,696376,2161,112,969632,344
total assets357,850325,557191,266861,61877,394381,9141,117,469632,344
Bank overdraft14,19716,40416,56010,3620000
Bank loan00000000
Trade Creditors 47,96463,21848,20552,406582,460549,318735,5331,066,292
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities690,2151,078,037753,525905,9860000
total current liabilities752,3761,157,659818,290968,754582,460549,318735,5331,066,292
loans30,83340,83350,00000000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities000099,651000
provisions00000000
total long term liabilities30,83340,83350,000099,651000
total liabilities783,2091,198,492868,290968,754682,111549,318735,5331,066,292
net assets-425,359-872,935-677,024-107,136-604,717-167,404381,936-433,948
total shareholders funds-425,359-872,935-677,024-107,136-604,717-167,404381,936-433,948
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016
Operating Activities
Operating Profit592,185-192,796-567,982614,236-437,313-552,0691,005,174-435,399
Depreciation3,2130000000
Amortisation00000000
Tax-149,19200-116,71600-191,3800
Stock00000000
Debtors-216,015184,260-59,94230,001-304,520356,629-33,87953,466
Creditors-15,25415,013-4,201-530,05433,142-186,215-330,7591,066,292
Accruals and Deferred Income-387,822324,512-152,461905,9860000
Deferred Taxes & Provisions00000000
Cash flow from operations259,145-37,531-664,702843,451-99,651-1,094,913516,914577,427
Investing Activities
capital expenditure-12,85000-9,0340-1,198-4,5000
Change in Investments00000000
cash flow from investments-12,85000-9,0340-1,198-4,5000
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans-10,000-9,16750,00000000
Hire Purchase and Lease Commitments00000000
other long term liabilities000-99,65199,651000
share issue00040-404
interest4,582-3,116-1,9065702,7332,0901,447
cash flow from financing-5,418-12,28348,094-99,59099,6512,7292,0901,451
cash and cash equivalents
cash238,671-49,969-610,410745,1890-1,093,382514,504578,878
overdraft-2,207-1566,19810,3620000
change in cash240,878-49,813-616,608734,8270-1,093,382514,504578,878

novum developments limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Novum Developments Limited Competitor Analysis

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novum developments limited Ownership

NOVUM DEVELOPMENTS LIMITED group structure

Novum Developments Limited has no subsidiary companies.

Ultimate parent company

NOVUM DEVELOPMENTS LIMITED

09707431

NOVUM DEVELOPMENTS LIMITED Shareholders

naveed ahmed 50%
samina kauser ahmed 25%
nicola jane khan 25%

novum developments limited directors

Novum Developments Limited currently has 1 director, Mr Naveed Ahmed serving since Jul 2015.

officercountryagestartendrole
Mr Naveed AhmedEngland60 years Jul 2015- Director

P&L

July 2023

turnover

1.8m

0%

operating profit

592.2k

0%

gross margin

26%

+6.71%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2023

net assets

-425.4k

-0.51%

total assets

357.9k

+0.1%

cash

323.5k

+2.81%

net assets

Total assets minus all liabilities

novum developments limited company details

company number

09707431

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

July 2015

age

9

accounts

Total Exemption Full

ultimate parent company

None

previous names

classic homes luton ltd (December 2020)

incorporated

UK

address

126 austin road, luton, LU3 1UB

last accounts submitted

July 2023

novum developments 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 novum developments limited.

charges

novum developments limited Companies House Filings - See Documents

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