Other information technology and computer service activities
Registered Address
20-22 wenlock road, london, N1 7GU
Website
-
okinnovation ltdEstimated Valuation
£33.1k
Pomanda estimates the enterprise value of OKINNOVATION LTD at £33.1k based on a Turnover of £63.4k and 0.52x industry multiple (adjusted for size and gross margin).
okinnovation ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of OKINNOVATION LTD at £0 based on an EBITDA of £-30k and a 3.55x industry multiple (adjusted for size and gross margin).
okinnovation ltdEstimated Valuation
£90k
Pomanda estimates the enterprise value of OKINNOVATION LTD at £90k based on Net Assets of £40k and 2.25x industry multiple (adjusted for liquidity).
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Okinnovation LtdOverview
Okinnovation Ltd is a live company located in london, N1 7GU with a Companies House number of 10635400. It operates in the other information technology service activities sector, SIC Code 62090. Founded in February 2017, it's largest shareholder is
oliver lewis kelley
with a 100% stake. Okinnovation Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£63.4k with
declining
growth in recent years.
Pomanda's financial health check has awarded Okinnovation Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
2 Regular
6 Weak
Size
annual sales of £63.4k, make it smaller than the average company (£7.3m)
£63.4k - Okinnovation Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (8.8%)
-18% - Okinnovation Ltd
8.8% - Industry AVG
Production
with a gross margin of 25.2%, this company has a higher cost of product (49.8%)
25.2% - Okinnovation Ltd
49.8% - Industry AVG
Profitability
an operating margin of -47.3% make it less profitable than the average company (3.9%)
-47.3% - Okinnovation Ltd
3.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (42)
1 - Okinnovation Ltd
42 - Industry AVG
Pay Structure
on an average salary of £73.6k, the company has an equivalent pay structure (£73.6k)
£73.6k - Okinnovation Ltd
£73.6k - Industry AVG
Efficiency
resulting in sales per employee of £63.4k, this is less efficient (£177.1k)
£63.4k - Okinnovation Ltd
£177.1k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (52 days)
57 days - Okinnovation Ltd
52 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Okinnovation Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Okinnovation Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Okinnovation Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20%, this is a lower level of debt than the average (64.7%)
20% - Okinnovation Ltd
64.7% - Industry AVG
OKINNOVATION LTD financials
EXPORT
Okinnovation Ltd's latest turnover from February 2024 is estimated at £63.4 thousand and the company has net assets of £40 thousand. According to their latest financial statements, Okinnovation Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Turnover
63,416
60,505
37,315
115,987
134,436
122,850
60,468
Other Income Or Grants
Cost Of Sales
47,444
44,893
27,851
87,142
102,787
91,921
44,425
Gross Profit
15,972
15,612
9,464
28,845
31,649
30,929
16,043
Admin Expenses
45,972
15,612
3,423
3,510
-17,252
5,623
-8,713
Operating Profit
-30,000
6,041
25,335
48,901
25,306
24,756
Interest Payable
Interest Receivable
Pre-Tax Profit
-30,000
6,041
25,335
39,610
25,306
24,756
Tax
-1,148
-4,814
-4,808
-4,704
Profit After Tax
-30,000
4,893
20,521
39,610
20,498
20,052
Dividends Paid
Retained Profit
-30,000
4,893
20,521
39,610
20,498
20,052
Employee Costs
73,566
69,355
7,000
40,750
34,950
32,160
15,000
Number Of Employees
1
1
1
1
1
1
1
EBITDA*
-30,000
7,277
31,962
54,313
28,893
24,756
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Tangible Assets
40,000
70,000
70,000
10,000
10,000
2,000
550
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
40,000
70,000
70,000
10,000
10,000
2,000
550
Stock & work in progress
Trade Debtors
10,000
10,000
10,000
70,000
60,000
40,000
20,000
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
10,000
10,000
10,000
70,000
60,000
40,000
20,000
total assets
50,000
80,000
80,000
80,000
70,000
42,000
20,550
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
10,000
10,000
10,000
20,000
20,000
15,000
total long term liabilities
10,000
10,000
10,000
20,000
20,000
15,000
total liabilities
10,000
10,000
10,000
20,000
20,000
15,000
net assets
40,000
70,000
70,000
60,000
50,000
27,000
20,550
total shareholders funds
40,000
70,000
70,000
60,000
50,000
27,000
20,550
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Operating Activities
Operating Profit
-30,000
6,041
25,335
48,901
25,306
24,756
Depreciation
1,236
6,627
5,412
3,587
Amortisation
Tax
-1,148
-4,814
-4,808
-4,704
Stock
Debtors
-60,000
10,000
20,000
20,000
20,000
Creditors
Accruals and Deferred Income
Deferred Taxes & Provisions
-10,000
5,000
15,000
Cash flow from operations
-30,000
56,129
17,148
39,313
19,085
52
Investing Activities
capital expenditure
30,000
-61,236
-6,627
-13,412
-5,037
-550
Change in Investments
cash flow from investments
30,000
-61,236
-6,627
-13,412
-5,037
-550
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
5,107
-10,521
-16,610
-14,048
498
interest
cash flow from financing
5,107
-10,521
-16,610
-14,048
498
cash and cash equivalents
cash
overdraft
change in cash
okinnovation ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for okinnovation ltd. Get real-time insights into okinnovation ltd's credit score, group structure and payment trends.
Perform a competitor analysis for okinnovation ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
okinnovation ltd Ownership
OKINNOVATION LTD group structure
Okinnovation Ltd has no subsidiary companies.
Ultimate parent company
OKINNOVATION LTD
10635400
OKINNOVATION LTD Shareholders
The sole shareholder of Okinnovation Ltd is Oliver Lewis Kelley.
oliver lewis kelley
100%
okinnovation ltd directors
Okinnovation Ltd currently has 1 director, Mr Oliver Kelley serving since Feb 2017.
62090 - Other information technology and computer service activities
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
20-22 wenlock road, london, N1 7GU
Bank
-
Legal Advisor
-
okinnovation 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 okinnovation ltd.
okinnovation ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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okinnovation ltdCompanies House Filings - See Documents
