novum developments limited
novum developments limited Company Information
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
View All
Directors
Naveed Ahmed8 Years
Shareholders
naveed ahmed 50%
samina kauser ahmed 25%
View Allnovum developments limited Estimated Valuation
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
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
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
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£2.3m)
- Novum Developments Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3%)
- Novum Developments Limited
3% - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Novum Developments Limited
25.9% - Industry AVG
Profitability
an operating margin of 33.1% make it more profitable than the average company (7.3%)
- Novum Developments Limited
7.3% - Industry AVG
Employees
with 13 employees, this is above the industry average (6)
13 - Novum Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)
- Novum Developments Limited
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £137.8k, this is less efficient (£291.7k)
- Novum Developments Limited
£291.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Novum Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (30 days)
- Novum Developments Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Novum Developments Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 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 | 13 | 13 | 10 | 8 | 6 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,369 | 14,732 | 14,732 | 14,732 | 5,698 | 5,698 | 4,500 | 0 |
| 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 | 24,369 | 14,732 | 14,732 | 14,732 | 5,698 | 5,698 | 4,500 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 71,696 | 376,216 | 19,587 | 53,466 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,000 | 226,015 | 41,755 | 101,697 | 0 | 0 | 0 | 0 |
| Cash | 323,481 | 84,810 | 134,779 | 745,189 | 0 | 0 | 1,093,382 | 578,878 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 333,481 | 310,825 | 176,534 | 846,886 | 71,696 | 376,216 | 1,112,969 | 632,344 |
| total assets | 357,850 | 325,557 | 191,266 | 861,618 | 77,394 | 381,914 | 1,117,469 | 632,344 |
| Bank overdraft | 14,197 | 16,404 | 16,560 | 10,362 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 47,964 | 63,218 | 48,205 | 52,406 | 582,460 | 549,318 | 735,533 | 1,066,292 |
| 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 | 690,215 | 1,078,037 | 753,525 | 905,986 | 0 | 0 | 0 | 0 |
| total current liabilities | 752,376 | 1,157,659 | 818,290 | 968,754 | 582,460 | 549,318 | 735,533 | 1,066,292 |
| loans | 30,833 | 40,833 | 50,000 | 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 | 0 | 0 | 0 | 0 | 99,651 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,833 | 40,833 | 50,000 | 0 | 99,651 | 0 | 0 | 0 |
| total liabilities | 783,209 | 1,198,492 | 868,290 | 968,754 | 682,111 | 549,318 | 735,533 | 1,066,292 |
| net assets | -425,359 | -872,935 | -677,024 | -107,136 | -604,717 | -167,404 | 381,936 | -433,948 |
| total shareholders funds | -425,359 | -872,935 | -677,024 | -107,136 | -604,717 | -167,404 | 381,936 | -433,948 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 3,213 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -216,015 | 184,260 | -59,942 | 30,001 | -304,520 | 356,629 | -33,879 | 53,466 |
| Creditors | -15,254 | 15,013 | -4,201 | -530,054 | 33,142 | -186,215 | -330,759 | 1,066,292 |
| Accruals and Deferred Income | -387,822 | 324,512 | -152,461 | 905,986 | 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 | -10,000 | -9,167 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -99,651 | 99,651 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 238,671 | -49,969 | -610,410 | 745,189 | 0 | -1,093,382 | 514,504 | 578,878 |
| overdraft | -2,207 | -156 | 6,198 | 10,362 | 0 | 0 | 0 | 0 |
| change in cash | 240,878 | -49,813 | -616,608 | 734,827 | 0 | -1,093,382 | 514,504 | 578,878 |
novum developments limited Credit Report and Business Information
Novum Developments Limited Competitor Analysis
Perform a competitor analysis for novum developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
Novum Developments Limited currently has 1 director, Mr Naveed Ahmed serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Naveed Ahmed | England | 60 years | Jul 2015 | - | Director |
P&L
July 2023turnover
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 2023net 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
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.
novum developments limited Companies House Filings - See Documents
| date | description | view/download |
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