innovative home improvements ltd

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innovative home improvements ltd Company Information

Share INNOVATIVE HOME IMPROVEMENTS LTD
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YoungMicroRapid

Company Number

10699937

Registered Address

flat 8 stanton court, stanton street, manchester, M32 0JS

Industry

Construction of commercial buildings

 

Construction of domestic buildings

 
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Telephone

-

Next Accounts Due

December 2025

Group Structure

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Directors

Malik Manzoor7 Years

Shareholders

malik manzoor 100%

innovative home improvements ltd Estimated Valuation

£51.4k

Pomanda estimates the enterprise value of INNOVATIVE HOME IMPROVEMENTS LTD at £51.4k based on a Turnover of £146.7k and 0.35x industry multiple (adjusted for size and gross margin).

innovative home improvements ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of INNOVATIVE HOME IMPROVEMENTS LTD at £0 based on an EBITDA of £-2.5k and a 3.24x industry multiple (adjusted for size and gross margin).

innovative home improvements ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of INNOVATIVE HOME IMPROVEMENTS LTD at £0 based on Net Assets of £-29.7k and 1.95x industry multiple (adjusted for liquidity).

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Innovative Home Improvements Ltd Overview

Innovative Home Improvements Ltd is a live company located in manchester, M32 0JS with a Companies House number of 10699937. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in March 2017, it's largest shareholder is malik manzoor with a 100% stake. Innovative Home Improvements Ltd is a young, micro sized company, Pomanda has estimated its turnover at £146.7k with rapid growth in recent years.

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Innovative Home Improvements Ltd Health Check

Pomanda's financial health check has awarded Innovative Home Improvements Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £146.7k, make it smaller than the average company (£2.9m)

£146.7k - Innovative Home Improvements Ltd

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (11.1%)

45% - Innovative Home Improvements Ltd

11.1% - Industry AVG

production

Production

with a gross margin of 13.6%, this company has a higher cost of product (23.6%)

13.6% - Innovative Home Improvements Ltd

23.6% - Industry AVG

profitability

Profitability

an operating margin of -1.7% make it less profitable than the average company (5.8%)

-1.7% - Innovative Home Improvements Ltd

5.8% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (12)

4 - Innovative Home Improvements Ltd

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)

£41.8k - Innovative Home Improvements Ltd

£41.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £36.7k, this is less efficient (£187.5k)

£36.7k - Innovative Home Improvements Ltd

£187.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (45 days)

2 days - Innovative Home Improvements Ltd

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 95 days, this is slower than average (33 days)

95 days - Innovative Home Improvements Ltd

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Innovative Home Improvements Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Innovative Home Improvements Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 838.2%, this is a higher level of debt than the average (68%)

838.2% - Innovative Home Improvements Ltd

68% - Industry AVG

INNOVATIVE HOME IMPROVEMENTS LTD financials

EXPORTms excel logo

Innovative Home Improvements Ltd's latest turnover from March 2024 is estimated at £146.7 thousand and the company has net assets of -£29.7 thousand. According to their latest financial statements, Innovative Home Improvements Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover146,717144,87689,32147,88282,97712,64610,961
Other Income Or Grants0000000
Cost Of Sales126,721125,68877,47041,70171,53510,8409,338
Gross Profit19,99619,18911,8516,18111,4421,8061,622
Admin Expenses22,54025,59237,5688,2403,7809601,428
Operating Profit-2,544-6,403-25,717-2,0597,662846194
Interest Payable0000000
Interest Receivable0000000
Pre-Tax Profit-2,544-6,403-25,717-2,0597,662846194
Tax0000-1,456-161-37
Profit After Tax-2,544-6,403-25,717-2,0596,206685157
Dividends Paid0000000
Retained Profit-2,544-6,403-25,717-2,0596,206685157
Employee Costs167,043158,48739,23537,047117,22541,01439,415
Number Of Employees4411311
EBITDA*-2,544-6,403-25,717-2,0597,662846194

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets3,2144,0185,0220000
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets3,2144,0185,0220000
Stock & work in progress0000000
Trade Debtors8068886,45411,3338,8603,4432,735
Group Debtors0000000
Misc Debtors0000000
Cash0000000
misc current assets0000000
total current assets8068886,45411,3338,8603,4432,735
total assets4,0204,90611,47611,3338,8603,4432,735
Bank overdraft0000000
Bank loan0000000
Trade Creditors 33,11531,45731,6245,7641,4621,9411,968
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities33,11531,45731,6245,7641,4621,9411,968
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income580580580580350660610
other liabilities0000000
provisions0000000
total long term liabilities580580580580350660610
total liabilities33,69532,03732,2046,3441,8122,6012,578
net assets-29,675-27,131-20,7284,9897,048842157
total shareholders funds-29,675-27,131-20,7284,9897,048842157
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit-2,544-6,403-25,717-2,0597,662846194
Depreciation0000000
Amortisation0000000
Tax0000-1,456-161-37
Stock0000000
Debtors-82-5,566-4,8792,4735,4177082,735
Creditors1,658-16725,8604,302-479-271,968
Accruals and Deferred Income000230-31050610
Deferred Taxes & Provisions0000000
Cash flow from operations-804-1,0045,0220000
Investing Activities
capital expenditure8041,004-5,0220000
Change in Investments0000000
cash flow from investments8041,004-5,0220000
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0000000
interest0000000
cash flow from financing0000000
cash and cash equivalents
cash0000000
overdraft0000000
change in cash0000000

innovative home improvements ltd 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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Innovative Home Improvements Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for innovative home improvements ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in M32 area or any other competitors across 12 key performance metrics.

innovative home improvements ltd Ownership

INNOVATIVE HOME IMPROVEMENTS LTD group structure

Innovative Home Improvements Ltd has no subsidiary companies.

Ultimate parent company

INNOVATIVE HOME IMPROVEMENTS LTD

10699937

INNOVATIVE HOME IMPROVEMENTS LTD Shareholders

malik manzoor 100%

innovative home improvements ltd directors

Innovative Home Improvements Ltd currently has 1 director, Mr Malik Manzoor serving since Mar 2017.

officercountryagestartendrole
Mr Malik ManzoorUnited Kingdom41 years Mar 2017- Director

P&L

March 2024

turnover

146.7k

+1%

operating profit

-2.5k

0%

gross margin

13.7%

+2.9%

turnover

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

Balance Sheet

March 2024

net assets

-29.7k

+0.09%

total assets

4k

-0.18%

cash

0

0%

net assets

Total assets minus all liabilities

innovative home improvements ltd company details

company number

10699937

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

41202 - Construction of domestic buildings

43210 - Electrical installation

incorporation date

March 2017

age

7

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

flat 8 stanton court, stanton street, manchester, M32 0JS

Bank

-

Legal Advisor

-

innovative home improvements 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 innovative home improvements ltd.

charges

innovative home improvements ltd Companies House Filings - See Documents

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