nova wealth holdings ltd
nova wealth holdings ltd Company Information
Company Number
10738861
Next Accounts
Jan 2026
Shareholders
octopus capital limited
robert alan devey
View AllGroup Structure
View All
Industry
Activities of financial services holding companies
Registered Address
20 farringdon street, london, EC4A 4AB
Website
www.octopusinvestments.comnova wealth holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA WEALTH HOLDINGS LTD at £763.1k based on a Turnover of £730.3k and 1.04x industry multiple (adjusted for size and gross margin).
nova wealth holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA WEALTH HOLDINGS LTD at £17.6m based on an EBITDA of £5.1m and a 3.49x industry multiple (adjusted for size and gross margin).
nova wealth holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA WEALTH HOLDINGS LTD at £780.8k based on Net Assets of £417.1k and 1.87x industry multiple (adjusted for liquidity).
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Nova Wealth Holdings Ltd Overview
Nova Wealth Holdings Ltd is a live company located in london, EC4A 4AB with a Companies House number of 10738861. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in April 2017, it's largest shareholder is octopus capital limited with a 77.6% stake. Nova Wealth Holdings Ltd is a young, small sized company, Pomanda has estimated its turnover at £730.3k with unknown growth in recent years.
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Nova Wealth Holdings Ltd Health Check
Pomanda's financial health check has awarded Nova Wealth Holdings Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £730.3k, make it smaller than the average company (£12.1m)
- Nova Wealth Holdings Ltd
£12.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Nova Wealth Holdings Ltd
- - Industry AVG
Production
with a gross margin of 40.2%, this company has a higher cost of product (77.8%)
- Nova Wealth Holdings Ltd
77.8% - Industry AVG
Profitability
an operating margin of 691.6% make it more profitable than the average company (7.6%)
- Nova Wealth Holdings Ltd
7.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (66)
5 - Nova Wealth Holdings Ltd
66 - Industry AVG
Pay Structure
on an average salary of £79.9k, the company has an equivalent pay structure (£79.9k)
- Nova Wealth Holdings Ltd
£79.9k - Industry AVG
Efficiency
resulting in sales per employee of £146.1k, this is less efficient (£209.3k)
- Nova Wealth Holdings Ltd
£209.3k - Industry AVG
Debtor Days
it gets paid by customers after 112 days, this is later than average (40 days)
- Nova Wealth Holdings Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 2087 days, this is slower than average (44 days)
- Nova Wealth Holdings Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nova Wealth Holdings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (27 weeks)
0 weeks - Nova Wealth Holdings Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.8%, this is a higher level of debt than the average (56.2%)
95.8% - Nova Wealth Holdings Ltd
56.2% - Industry AVG
NOVA WEALTH HOLDINGS LTD financials
Nova Wealth Holdings Ltd's latest turnover from April 2024 is estimated at £730.3 thousand and the company has net assets of £417.1 thousand. According to their latest financial statements, Nova Wealth Holdings Ltd has 5 employees and maintains cash reserves of £2 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | -1,155,726 | -4,466,885 | -7,289 | -9,906 | -6,370 | -3,240 | |
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | -1,155,726 | -4,466,885 | -7,289 | -9,906 | -6,370 | -3,240 | |
| Tax | |||||||
| Profit After Tax | -1,155,726 | -4,466,885 | -7,289 | -9,906 | -6,370 | -3,240 | |
| Dividends Paid | |||||||
| Retained Profit | -1,155,726 | -4,466,885 | -7,289 | -9,906 | -6,370 | -3,240 | |
| Employee Costs | |||||||
| Number Of Employees | 5 | 20 | |||||
| EBITDA* | -1,155,726 | -4,466,885 | -7,289 | -9,906 | -6,370 | -3,240 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | 9,577,480 | 9,077,480 | 5,800,010 | 6,905,010 | 5,735,021 | 3,200,021 | 800,021 |
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 9,577,480 | 9,077,480 | 5,800,010 | 6,905,010 | 5,735,021 | 3,200,021 | 800,021 |
| Stock & work in progress | |||||||
| Trade Debtors | 225,379 | ||||||
| Group Debtors | 96,864 | 199,990 | 200,000 | 200,000 | |||
| Misc Debtors | 12 | 12 | 12 | 10 | 10 | 10 | |
| Cash | 2 | 2 | 2 | 2 | |||
| misc current assets | |||||||
| total current assets | 225,381 | 96,878 | 14 | 200,004 | 200,010 | 200,010 | 10 |
| total assets | 9,802,861 | 9,174,358 | 5,800,024 | 7,105,014 | 5,935,031 | 3,400,031 | 800,031 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 2,499,413 | ||||||
| Group/Directors Accounts | 27,889 | 12,340 | 9,610 | 3,240 | |||
| other short term finances | 12,021,185 | ||||||
| hp & lease commitments | |||||||
| other current liabilities | 16,960 | 11,126 | 14,467 | 9,927 | 6,391 | 3,261 | |
| total current liabilities | 2,499,413 | 12,038,145 | 39,015 | 26,807 | 19,537 | 9,631 | 3,261 |
| loans | 7,604,330 | 4,454,643 | 5,935,000 | 3,400,000 | 800,000 | ||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 6,886,349 | ||||||
| provisions | |||||||
| total long term liabilities | 6,886,349 | 7,604,330 | 4,454,643 | 5,935,000 | 3,400,000 | 800,000 | |
| total liabilities | 9,385,762 | 12,038,145 | 7,643,345 | 4,481,450 | 5,954,537 | 3,409,631 | 803,261 |
| net assets | 417,099 | -2,863,787 | -1,843,321 | 2,623,564 | -19,506 | -9,600 | -3,230 |
| total shareholders funds | 417,099 | -2,863,787 | -1,843,321 | 2,623,564 | -19,506 | -9,600 | -3,230 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,155,726 | -4,466,885 | -7,289 | -9,906 | -6,370 | -3,240 | |
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 128,503 | 96,864 | -199,990 | -8 | 200,000 | 10 | |
| Creditors | 2,499,413 | ||||||
| Accruals and Deferred Income | -16,960 | 5,834 | -3,341 | 4,540 | 3,536 | 3,130 | 3,261 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -1,246,756 | -4,270,236 | -2,741 | -6,370 | -203,240 | 11 | |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 500,000 | 3,277,470 | -1,105,000 | 1,169,989 | 2,535,000 | 2,400,000 | 800,021 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -27,889 | 15,549 | 2,730 | 6,370 | 3,240 | ||
| Other Short Term Loans | -12,021,185 | 12,021,185 | |||||
| Long term loans | -7,604,330 | 3,149,687 | -1,480,357 | 2,535,000 | 2,600,000 | 800,000 | |
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | 6,886,349 | ||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | 4,524,226 | 3,165,236 | 1,172,732 | 2,541,370 | 2,603,240 | 800,010 | |
| cash and cash equivalents | |||||||
| cash | 2 | ||||||
| overdraft | |||||||
| change in cash | 2 |
nova wealth holdings ltd Credit Report and Business Information
Nova Wealth Holdings Ltd Competitor Analysis
Perform a competitor analysis for nova wealth holdings ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC4A area or any other competitors across 12 key performance metrics.
nova wealth holdings ltd Ownership
NOVA WEALTH HOLDINGS LTD group structure
Nova Wealth Holdings Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
NOVA WEALTH HOLDINGS LTD
10738861
1 subsidiary
nova wealth holdings ltd directors
Nova Wealth Holdings Ltd currently has 4 directors. The longest serving directors include Mr Andrew McMillan (Nov 2019) and Mr Joseph McLean (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew McMillan | United Kingdom | 35 years | Nov 2019 | - | Director |
| Mr Joseph McLean | United Kingdom | 39 years | Nov 2019 | - | Director |
| Mr Robert Devey | England | 56 years | Nov 2020 | - | Director |
| Mr Robert Devey | England | 56 years | Nov 2020 | - | Director |
P&L
April 2024turnover
730.3k
0%
operating profit
5.1m
0%
gross margin
40.2%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
417.1k
-1.15%
total assets
9.8m
+0.07%
cash
2
0%
net assets
Total assets minus all liabilities
nova wealth holdings ltd company details
company number
10738861
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
April 2024
previous names
octopus wealth holdings limited (June 2024)
carib holdings limited (April 2019)
accountant
-
auditor
-
address
20 farringdon street, london, EC4A 4AB
Bank
-
Legal Advisor
-
nova wealth holdings 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 nova wealth holdings ltd.
nova wealth holdings 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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nova wealth holdings ltd Companies House Filings - See Documents
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