Unova Limited

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unova limited Company Information

Live

YoungSmallRapid

Company Number

10406638

Next Accounts

Sep 2025

Industry

Manufacture of paints, varnishes and similar coatings, mastics and sealants

Directors

Richard Hearn

Mark Hearn

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Shareholders

markham hearn

alpha coatings limited

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Group Structure

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Contact

Registered Address

unit 4 transcentral bennet road, reading, berkshire, RG2 0QX

Website

www.unovaproducts.com

unova limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of UNOVA LIMITED at £2.1m based on a Turnover of £3.4m and 0.61x industry multiple (adjusted for size and gross margin).

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Unova Limited is a live company located in berkshire, RG2 0QX with a Companies House number of 10406638. It operates in the manufacture of paints, varnishes and similar coatings, mastics and sealants sector, SIC Code 20301. Founded in October 2016, it's largest shareholder is markham hearn with a 99.9% stake. Unova Limited is a young, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Unova Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£25m)

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (7.1%)

EXPORT

Unova Limited's latest turnover from December 2023 is estimated at £3.4 million and the company has net assets of £309.7 thousand. According to their latest financial statements, Unova Limited has 17 employees and maintains cash reserves of £143 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	3,391,203	3,898,521	1,830,908	1,213,925	1,257,862	2,344,522	2,200,309
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	2,356,204	2,734,633	1,228,810	813,402	849,839	1,588,166	1,459,948
Gross Profit	1,034,999	1,163,888	602,097	400,522	408,023	756,356	740,361
Admin Expenses	940,199	1,150,102	457,313	380,262	286,011	707,913	703,079
Operating Profit	94,800	13,786	144,784	20,260	122,012	48,443	37,282
Interest Payable	45,518	35,826	19,015	8,235	0	0	0
Interest Receivable	8,596	6,696	631	201	738	382	1
Pre-Tax Profit	57,879	-15,343	126,400	12,226	122,749	48,825	37,283
Tax	-14,470	0	-24,016	-2,323	-23,322	-9,277	-7,084
Profit After Tax	43,409	-15,343	102,384	9,903	99,427	39,548	30,199
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	43,409	-15,343	102,384	9,903	99,427	39,548	30,199
Employee Costs	807,389	752,833	322,000	274,447	358,655	314,417	446,345
Number Of Employees	17	16	7	6	8	7	10
EBITDA*	131,448	47,433	161,320	36,576	137,541	66,782	58,413

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets	87,056	102,085	25,513	30,336	22,575	28,763	38,352
Intangible Assets	30,373	35,000	43,750	52,500	61,274	70,000	78,750
Investments & Other	0	20,000	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	117,429	157,085	69,263	82,836	83,849	98,763	117,102
Stock & work in progress	793,841	753,166	348,508	290,587	235,251	237,562	234,650
Trade Debtors	377,494	612,000	376,787	178,177	253,214	450,603	393,087
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	270,307	134,610	164,007	132,415	169,018	0	0
Cash	143,047	184,424	198,206	306,419	95,061	101,621	228
misc current assets	0	0	0	0	0	0	0
total current assets	1,584,689	1,684,200	1,087,508	907,598	752,544	789,786	627,965
total assets	1,702,118	1,841,285	1,156,771	990,434	836,393	888,549	745,067
Bank overdraft	0	0	0	0	0	0	0
Bank loan	34,108	32,987	9,646	6,212	0	0	0
Trade Creditors	573,712	673,398	323,608	252,994	86,984	614,697	509,296
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	396,694	449,059	208,608	282,934	376,400	0	0
total current liabilities	1,004,514	1,155,444	541,862	542,140	463,384	614,697	509,296
loans	359,356	382,751	328,837	263,788	0	0	0
hp & lease commitments	6,291	11,942	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	200,000	200,000	200,000
provisions	22,220	24,820	4,401	5,219	3,625	3,895	5,372
total long term liabilities	387,867	419,513	333,238	269,007	203,625	203,895	205,372
total liabilities	1,392,381	1,574,957	875,100	811,147	667,009	818,592	714,668
net assets	309,737	266,328	281,671	179,287	169,384	69,957	30,399
total shareholders funds	309,737	266,328	281,671	179,287	169,384	69,957	30,399

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	94,800	13,786	144,784	20,260	122,012	48,443	37,282
Depreciation	27,001	24,897	7,786	7,542	6,803	9,589	12,381
Amortisation	9,647	8,750	8,750	8,774	8,726	8,750	8,750
Tax	-14,470	0	-24,016	-2,323	-23,322	-9,277	-7,084
Stock	40,675	404,658	57,921	55,336	-2,311	2,912	234,650
Debtors	-98,809	205,816	230,202	-111,640	-28,371	57,516	393,087
Creditors	-99,686	349,790	70,614	166,010	-527,713	105,401	509,296
Accruals and Deferred Income	-52,365	240,451	-74,326	-93,466	376,400	0	0
Deferred Taxes & Provisions	-2,600	20,419	-818	1,594	-270	-1,477	5,372
Cash flow from operations	20,461	47,619	-155,349	164,695	-6,682	101,001	-61,740
Investing Activities
capital expenditure	-16,992	-101,469	-2,963	-15,303	-615	0	-138,233
Change in Investments	-20,000	20,000	0	0	0	0	0
cash flow from investments	3,008	-121,469	-2,963	-15,303	-615	0	-138,233
Financing Activities
Bank loans	1,121	23,341	3,434	6,212	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	-23,395	53,914	65,049	263,788	0	0	0
Hire Purchase and Lease Commitments	-5,651	11,942	0	0	0	0	0
other long term liabilities	0	0	0	-200,000	0	0	200,000
share issue	0	0	0	0	0	10	200
interest	-36,922	-29,130	-18,384	-8,034	738	382	1
cash flow from financing	-64,847	60,067	50,099	61,966	738	392	200,201
cash and cash equivalents
cash	-41,377	-13,782	-108,213	211,358	-6,560	101,393	228
overdraft	0	0	0	0	0	0	0
change in cash	-41,377	-13,782	-108,213	211,358	-6,560	101,393	228

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 unova limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in RG2 area or any other competitors across 12 key performance metrics.

UNOVA LIMITED group structure

Unova Limited has no subsidiary companies.

Ultimate parent company

UNOVA LIMITED

10406638

UNOVA LIMITED Shareholders

markham hearn	99.91%
alpha coatings limited	0.02%
shirley hearn	0.02%
richard james hearn	0.02%
mark john hearn	0.02%
lorraine hearn	0.02%
warren malcolm henderson	0%
jane henderson	0%

Unova Limited currently has 7 directors. The longest serving directors include Mr Richard Hearn (Oct 2016) and Mr Mark Hearn (Oct 2016).

officer	country	age	start	end	role
Mr Richard Hearn		55 years	Oct 2016	-	Director
Mr Mark Hearn		50 years	Oct 2016	-	Director
Mrs Lorraine Hearn	United Kingdom	46 years	Feb 2020	-	Director
Mrs Shirley Hearn	England	51 years	Feb 2020	-	Director
Mr Warren Henderson	United Kingdom	58 years	Dec 2021	-	Director
Mr James Bruce	England	55 years	Dec 2021	-	Director
Mr Warren Henderson	United Kingdom	58 years	Dec 2021	-	Director

P&L

December 2023

turnover

3.4m

-13%

operating profit

94.8k

gross margin

30.6%

+2.23%

turnover

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

Balance Sheet

December 2023

net assets

309.7k

+0.16%

total assets

1.7m

-0.08%

cash

143k

-0.22%

net assets

Total assets minus all liabilities

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3.5

company number

10406638

Type

Private limited with Share Capital

industry

20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants

incorporation date

October 2016

ultimate parent company

None

previous names

N/A

address

unit 4 transcentral bennet road, reading, berkshire, RG2 0QX

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unova limited Company Information

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unova limited Estimated Valuation

unova limited Estimated Valuation

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