nova car hire ltd
nova car hire ltd Company Information
Company Number
10852399
Website
www.novacarhire.comRegistered Address
6 little tennis street, nottingham, nottinghamshire, NG2 4EL
Industry
Sale of used cars and light motor vehicles
Telephone
+353647764277
Next Accounts Due
April 2025
Group Structure
View All
nova car hire ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA CAR HIRE LTD at £2.6m based on a Turnover of £11.5m and 0.22x industry multiple (adjusted for size and gross margin).
nova car hire ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA CAR HIRE LTD at £242k based on an EBITDA of £65.7k and a 3.68x industry multiple (adjusted for size and gross margin).
nova car hire ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA CAR HIRE LTD at £488.4k based on Net Assets of £154.6k and 3.16x industry multiple (adjusted for liquidity).
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Nova Car Hire Ltd Overview
Nova Car Hire Ltd is a live company located in nottinghamshire, NG2 4EL with a Companies House number of 10852399. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in July 2017, it's largest shareholder is asrar ahmed ali with a 100% stake. Nova Car Hire Ltd is a young, mid sized company, Pomanda has estimated its turnover at £11.5m with rapid growth in recent years.
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Nova Car Hire Ltd Health Check
Pomanda's financial health check has awarded Nova Car Hire Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £11.5m, make it larger than the average company (£2.3m)
- Nova Car Hire Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 271%, show it is growing at a faster rate (8.2%)
- Nova Car Hire Ltd
8.2% - Industry AVG
Production
with a gross margin of 7.3%, this company has a higher cost of product (11.8%)
- Nova Car Hire Ltd
11.8% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (2.8%)
- Nova Car Hire Ltd
2.8% - Industry AVG
Employees
with 13 employees, this is above the industry average (7)
- Nova Car Hire Ltd
7 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
- Nova Car Hire Ltd
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £884.6k, this is more efficient (£428.4k)
- Nova Car Hire Ltd
£428.4k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is later than average (10 days)
- Nova Car Hire Ltd
10 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (16 days)
- Nova Car Hire Ltd
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nova Car Hire Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Nova Car Hire Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.5%, this is a higher level of debt than the average (69.7%)
91.5% - Nova Car Hire Ltd
69.7% - Industry AVG
NOVA CAR HIRE LTD financials
Nova Car Hire Ltd's latest turnover from July 2023 is estimated at £11.5 million and the company has net assets of £154.6 thousand. According to their latest financial statements, we estimate that Nova Car Hire Ltd has 13 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 839,271 | 420,472 | 21,209 | 24,952 | 29,356 | 33,337 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 839,271 | 420,472 | 21,209 | 24,952 | 29,356 | 33,337 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 978,111 | 376,890 | 11,805 | 15,569 | 26,308 | 7,075 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 313,871 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 978,111 | 690,761 | 11,805 | 15,569 | 26,308 | 7,075 |
| total assets | 1,817,382 | 1,111,233 | 33,014 | 40,521 | 55,664 | 40,412 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,662,770 | 811,754 | 37,281 | 39,864 | 55,582 | 44,877 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,662,770 | 811,754 | 37,281 | 39,864 | 55,582 | 44,877 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 200,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 200,000 | 0 | 0 | 0 | 0 |
| total liabilities | 1,662,770 | 1,011,754 | 37,281 | 39,864 | 55,582 | 44,877 |
| net assets | 154,612 | 99,479 | -4,267 | 657 | 82 | -4,465 |
| total shareholders funds | 154,612 | 99,479 | -4,267 | 657 | 82 | -4,465 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 62,885 | |||||
| Amortisation | 4,000 | |||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 601,221 | 365,085 | -3,764 | -10,739 | 19,233 | 7,075 |
| Creditors | 851,016 | 774,473 | -2,583 | -15,718 | 10,705 | 44,877 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -200,000 | 200,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -313,871 | 313,871 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -313,871 | 313,871 | 0 | 0 | 0 | 0 |
nova car hire ltd Credit Report and Business Information
Nova Car Hire Ltd Competitor Analysis
Perform a competitor analysis for nova car hire ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in NG2 area or any other competitors across 12 key performance metrics.
nova car hire ltd Ownership
NOVA CAR HIRE LTD group structure
Nova Car Hire Ltd has no subsidiary companies.
Ultimate parent company
NOVA CAR HIRE LTD
10852399
nova car hire ltd directors
Nova Car Hire Ltd currently has 2 directors. The longest serving directors include Mr Asrar Ali (Jul 2017) and Mr Asrar Ali (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Asrar Ali | United Kingdom | 55 years | Jul 2017 | - | Director |
| Mr Asrar Ali | United Kingdom | 55 years | Oct 2023 | - | Director |
P&L
July 2023turnover
11.5m
+116%
operating profit
65.7k
0%
gross margin
7.3%
-1.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
154.6k
+0.55%
total assets
1.8m
+0.64%
cash
0
-1%
net assets
Total assets minus all liabilities
nova car hire ltd company details
company number
10852399
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
July 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
6 little tennis street, nottingham, nottinghamshire, NG2 4EL
Bank
-
Legal Advisor
-
nova car hire 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 car hire ltd.
nova car hire ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
