nova rides ltd
nova rides ltd Company Information
Company Number
10852431
Website
dgcars.co.ukRegistered Address
6 little tennis street, nottingham, nottinghamshire, NG2 4EL
Industry
Taxi operation
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Directors
Zulfikar Bashir2 Years
Shareholders
d g private hire limited 50%
middlesbrough borough cars limited 50%
nova rides ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA RIDES LTD at £22.6m based on a Turnover of £29m and 0.78x industry multiple (adjusted for size and gross margin).
nova rides ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA RIDES LTD at £7.3m based on an EBITDA of £1m and a 6.99x industry multiple (adjusted for size and gross margin).
nova rides ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA RIDES LTD at £468.8k based on Net Assets of £167k and 2.81x industry multiple (adjusted for liquidity).
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Nova Rides Ltd Overview
Nova Rides Ltd is a live company located in nottinghamshire, NG2 4EL with a Companies House number of 10852431. It operates in the taxi operation sector, SIC Code 49320. Founded in July 2017, it's largest shareholder is d g private hire limited with a 50% stake. Nova Rides Ltd is a young, large sized company, Pomanda has estimated its turnover at £29m with rapid growth in recent years.
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Nova Rides Ltd Health Check
Pomanda's financial health check has awarded Nova Rides Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £29m, make it larger than the average company (£456.7k)
- Nova Rides Ltd
£456.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 525%, show it is growing at a faster rate (5.9%)
- Nova Rides Ltd
5.9% - Industry AVG
Production
with a gross margin of 43.9%, this company has a comparable cost of product (43.9%)
- Nova Rides Ltd
43.9% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (7.5%)
- Nova Rides Ltd
7.5% - Industry AVG
Employees
with 34 employees, this is above the industry average (5)
34 - Nova Rides Ltd
5 - Industry AVG
Pay Structure
on an average salary of £27.4k, the company has an equivalent pay structure (£27.4k)
- Nova Rides Ltd
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £854.4k, this is more efficient (£75.5k)
- Nova Rides Ltd
£75.5k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (37 days)
- Nova Rides Ltd
37 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (7 days)
- Nova Rides Ltd
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nova Rides Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (27 weeks)
13 weeks - Nova Rides Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.7%, this is a higher level of debt than the average (61.9%)
96.7% - Nova Rides Ltd
61.9% - Industry AVG
NOVA RIDES LTD financials
Nova Rides Ltd's latest turnover from August 2023 is estimated at £29 million and the company has net assets of £167 thousand. According to their latest financial statements, Nova Rides Ltd has 34 employees and maintains cash reserves of £790 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 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 | 34 | 32 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,990,389 | 884,384 | 0 | 0 | 0 | 0 |
| Intangible Assets | 414,656 | 466,488 | 0 | 0 | 0 | 0 |
| Investments & Other | 52,500 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,457,545 | 1,350,872 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,834,756 | 346,666 | 0 | 12,985 | 25,261 | 2,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 2,000 | 0 | 0 | 0 |
| Cash | 790,039 | 1,038,333 | 5,398 | 0 | 0 | 9,622 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,624,795 | 1,384,999 | 7,398 | 12,985 | 25,261 | 11,622 |
| total assets | 5,082,340 | 2,735,871 | 7,398 | 12,985 | 25,261 | 11,622 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,967,698 | 1,171,245 | 3,000 | 10,099 | 24,499 | 12,000 |
| 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 | 151,114 | 118,039 | 2,974 | 0 | 0 | 425 |
| total current liabilities | 3,118,812 | 1,289,284 | 5,974 | 10,099 | 24,499 | 12,425 |
| 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 | 1,796,569 | 1,796,569 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,796,569 | 1,796,569 | 0 | 0 | 0 | 0 |
| total liabilities | 4,915,381 | 3,085,853 | 5,974 | 10,099 | 24,499 | 12,425 |
| net assets | 166,959 | -349,982 | 1,424 | 2,886 | 762 | -803 |
| total shareholders funds | 166,959 | -349,982 | 1,424 | 2,886 | 762 | -803 |
| Aug 2023 | Aug 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 351,245 | 156,068 | 0 | 0 | 0 | 0 |
| Amortisation | 51,832 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,488,090 | 344,666 | -10,985 | -12,276 | 23,261 | 2,000 |
| Creditors | 1,796,453 | 1,168,245 | -7,099 | -14,400 | 12,499 | 12,000 |
| Accruals and Deferred Income | 33,075 | 115,065 | 2,974 | 0 | -425 | 425 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 52,500 | 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 | 0 | 1,796,569 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -248,294 | 1,032,935 | 5,398 | 0 | -9,622 | 9,622 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -248,294 | 1,032,935 | 5,398 | 0 | -9,622 | 9,622 |
nova rides ltd Credit Report and Business Information
Nova Rides Ltd Competitor Analysis
Perform a competitor analysis for nova rides ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in NG2 area or any other competitors across 12 key performance metrics.
nova rides ltd Ownership
NOVA RIDES LTD group structure
Nova Rides Ltd has 1 subsidiary company.
nova rides ltd directors
Nova Rides Ltd currently has 1 director, Mr Zulfikar Bashir serving since Jan 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Zulfikar Bashir | England | 40 years | Jan 2022 | - | Director |
P&L
August 2023turnover
29m
+357%
operating profit
643.5k
0%
gross margin
44%
+5.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
167k
-1.48%
total assets
5.1m
+0.86%
cash
790k
-0.24%
net assets
Total assets minus all liabilities
Similar Companies
nova rides ltd company details
company number
10852431
Type
Private limited with Share Capital
industry
49320 - Taxi operation
incorporation date
July 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
6 little tennis street, nottingham, nottinghamshire, NG2 4EL
Bank
-
Legal Advisor
-
nova rides 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 found 1 charges/mortgages relating to nova rides ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
nova rides ltd Companies House Filings - See Documents
| date | description | view/download |
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