Movart Services Ltd

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movart services ltd Company Information

Live

YoungMicroHigh

Company Number

10008669

Website

Registered Address

20 mercer avenue, ebbsfleet valley, swanscombe, DA10 1BR

Industry

Management consultancy activities (other than financial management)

Telephone

Next Accounts Due

November 2024

Group Structure

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Directors

Olakunle Oyewo8 Years

Shareholders

olakunle oyewo 100%

movart services ltd Estimated Valuation

£26.7k

Pomanda estimates the enterprise value of MOVART SERVICES LTD at £26.7k based on a Turnover of £61.8k and 0.43x industry multiple (adjusted for size and gross margin).

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Movart Services Ltd is a live company located in swanscombe, DA10 1BR with a Companies House number of 10008669. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in February 2016, it's largest shareholder is olakunle oyewo with a 100% stake. Movart Services Ltd is a young, micro sized company, Pomanda has estimated its turnover at £61.8k with high growth in recent years.

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Pomanda's financial health check has awarded Movart Services Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £61.8k, make it smaller than the average company (£285.8k)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (5.1%)

EXPORT

Movart Services Ltd's latest turnover from February 2023 is estimated at £61.8 thousand and the company has net assets of -£5.2 thousand. According to their latest financial statements, Movart Services Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017
Turnover	61,843	56,454	66,818	34,249	43,059	32,549	1,022
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	46,184	42,291	50,315	25,598	31,034	23,282	711
Gross Profit	15,659	14,164	16,503	8,651	12,025	9,267	311
Admin Expenses	10,397	21,888	22,305	12,876	12,706	-3,838	1,951
Operating Profit	5,262	-7,724	-5,802	-4,225	-681	13,105	-1,640
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	5,262	-7,724	-5,802	-4,225	-681	13,105	-1,640
Tax	-1,000	0	0	0	0	-2,490	0
Profit After Tax	4,262	-7,724	-5,802	-4,225	-681	10,615	-1,640
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	4,262	-7,724	-5,802	-4,225	-681	10,615	-1,640
Employee Costs	41,153	39,616	35,236	39,479	48,028	43,921	48,387
Number Of Employees	1	1	1	1	1	1	1
EBITDA*	5,262	-7,724	-5,802	-4,225	-681	13,105	-1,640

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017
Tangible Assets	720	900	1,125	1,406	1,715	2,091	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	720	900	1,125	1,406	1,715	2,091	0
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	36,841	35,402	43,992	10,653	20,491	15,940	325
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	36,841	35,402	43,992	10,653	20,491	15,940	325
total assets	37,561	36,302	45,117	12,059	22,206	18,031	325
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	4,009	3,467	850	7,990	13,912	9,056	0
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	4,009	3,467	850	7,990	13,912	9,056	0
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	38,747	42,292	46,000	0	0	0	1,965
provisions	0	0	0	0	0	0	0
total long term liabilities	38,747	42,292	46,000	0	0	0	1,965
total liabilities	42,756	45,759	46,850	7,990	13,912	9,056	1,965
net assets	-5,195	-9,457	-1,733	4,069	8,294	8,975	-1,640
total shareholders funds	-5,195	-9,457	-1,733	4,069	8,294	8,975	-1,640

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017
Operating Activities
Operating Profit	5,262	-7,724	-5,802	-4,225	-681	13,105	-1,640
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	-1,000	0	0	0	0	-2,490	0
Stock	0	0	0	0	0	0	0
Debtors	1,439	-8,590	33,339	-9,838	4,551	15,615	325
Creditors	542	2,617	-7,140	-5,922	4,856	9,056	0
Accruals and Deferred Income	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	3,365	3,483	-46,281	-309	-376	4,056	-1,965
Investing Activities
capital expenditure	180	225	281	309	376	-2,091	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	180	225	281	309	376	-2,091	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-3,545	-3,708	46,000	0	0	-1,965	1,965
share issue	0	0	0	0	0	0	0
interest	0	0	0	0	0	0	0
cash flow from financing	-3,545	-3,708	46,000	0	0	-1,965	1,965
cash and cash equivalents
cash	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for movart services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in DA10 area or any other competitors across 12 key performance metrics.

MOVART SERVICES LTD group structure

Movart Services Ltd has no subsidiary companies.

Ultimate parent company

MOVART SERVICES LTD

10008669

MOVART SERVICES LTD Shareholders

olakunle oyewo

100%

Movart Services Ltd currently has 1 director, Dr Olakunle Oyewo serving since Feb 2016.

officer	country	age	start	end	role
Dr Olakunle Oyewo	England	45 years	Feb 2016	-	Director

P&L

February 2023

turnover

61.8k

+10%

operating profit

5.3k

gross margin

25.4%

+0.92%

turnover

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

Balance Sheet

February 2023

net assets

-5.2k

-0.45%

total assets

37.6k

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

10008669

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

February 2016

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

February 2023

address

20 mercer avenue, ebbsfleet valley, swanscombe, DA10 1BR

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 movart services ltd.

movart services ltd Company Information

movart services ltd Estimated Valuation

movart services ltd Estimated Valuation

movart services ltd Estimated Valuation

Movart Services Ltd Overview

Movart Services Ltd Health Check

MOVART SERVICES LTD financials

movart services ltd Credit Report and Business Information

Movart Services Ltd Competitor Analysis

movart services ltd Ownership

movart services ltd directors

movart services ltd company details

movart services ltd Charges & Mortgages

movart services ltd Companies House Filings - See Documents