novo auto ltd
novo auto ltd Company Information
Company Number
10852913
Next Accounts
Apr 2025
Industry
Sale of used cars and light motor vehicles
Directors
Shareholders
adis karahodza
Group Structure
View All
Contact
Registered Address
fenwood 2 battery end, battery end, newbury, RG14 6NX
Website
www.novoauto.co.uknovo auto ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVO AUTO LTD at £1.4m based on a Turnover of £4.1m and 0.33x industry multiple (adjusted for size and gross margin).
novo auto ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVO AUTO LTD at £436.1k based on an EBITDA of £101.5k and a 4.29x industry multiple (adjusted for size and gross margin).
novo auto ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVO AUTO LTD at £110.7k based on Net Assets of £38.6k and 2.87x industry multiple (adjusted for liquidity).
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Novo Auto Ltd Overview
Novo Auto Ltd is a live company located in newbury, RG14 6NX with a Companies House number of 10852913. 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 adis karahodza with a 100% stake. Novo Auto Ltd is a young, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.
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Novo Auto Ltd Health Check
Pomanda's financial health check has awarded Novo Auto Ltd a 4.5 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
3 Regular
4 Weak
Size
annual sales of £4.1m, make it larger than the average company (£2.2m)
- Novo Auto Ltd
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (8.2%)
- Novo Auto Ltd
8.2% - Industry AVG
Production
with a gross margin of 11.6%, this company has a comparable cost of product (11.6%)
- Novo Auto Ltd
11.6% - Industry AVG
Profitability
an operating margin of 2.4% make it as profitable than the average company (2.8%)
- Novo Auto Ltd
2.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (8)
3 - Novo Auto Ltd
8 - Industry AVG
Pay Structure
on an average salary of £31.7k, the company has an equivalent pay structure (£31.7k)
- Novo Auto Ltd
£31.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£433k)
- Novo Auto Ltd
£433k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (10 days)
- Novo Auto Ltd
10 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is slower than average (16 days)
- Novo Auto Ltd
16 days - Industry AVG
Stock Days
it holds stock equivalent to 125 days, this is more than average (64 days)
- Novo Auto Ltd
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (9 weeks)
2 weeks - Novo Auto Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.1%, this is a higher level of debt than the average (70.5%)
97.1% - Novo Auto Ltd
70.5% - Industry AVG
NOVO AUTO LTD financials
Novo Auto Ltd's latest turnover from July 2023 is estimated at £4.1 million and the company has net assets of £38.6 thousand. According to their latest financial statements, Novo Auto Ltd has 3 employees and maintains cash reserves of £32.3 thousand 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 | 3 | 3 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 4,238 | 5,650 | 7,558 | 5,464 | 7,284 | 9,712 |
| 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 | 4,238 | 5,650 | 7,558 | 5,464 | 7,284 | 9,712 |
| Stock & work in progress | 1,256,946 | 1,461,550 | 1,241,500 | 628,028 | 316,612 | 0 |
| Trade Debtors | 31,300 | 0 | 70,500 | 0 | 0 | 262,098 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 0 |
| Cash | 32,269 | 110,999 | 175,163 | 41,663 | 3,804 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,322,515 | 1,574,549 | 1,489,163 | 671,691 | 322,416 | 262,098 |
| total assets | 1,326,753 | 1,580,199 | 1,496,721 | 677,155 | 329,700 | 271,810 |
| Bank overdraft | 153,465 | 334,680 | 374,640 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 322,625 | 69,443 | 175,978 | 183,180 | 140,044 | 170,574 |
| 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 | 88,677 | 721,281 | 556,450 | 319,186 | 58,821 | 0 |
| total current liabilities | 564,767 | 1,125,404 | 1,107,068 | 502,366 | 198,865 | 170,574 |
| loans | 723,431 | 426,458 | 181,218 | 50,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 180,000 | 80,000 | 80,000 | 80,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 723,431 | 426,458 | 361,218 | 130,000 | 80,000 | 80,000 |
| total liabilities | 1,288,198 | 1,551,862 | 1,468,286 | 632,366 | 278,865 | 250,574 |
| net assets | 38,555 | 28,337 | 28,435 | 44,789 | 50,835 | 21,236 |
| total shareholders funds | 38,555 | 28,337 | 28,435 | 44,789 | 50,835 | 21,236 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,412 | 1,908 | 2,520 | 1,820 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | ||||||
| Stock | -204,604 | 220,050 | 613,472 | 311,416 | 316,612 | 0 |
| Debtors | 31,300 | -70,500 | 70,500 | 0 | -260,098 | 262,098 |
| Creditors | 253,182 | -106,535 | -7,202 | 43,136 | -30,530 | 170,574 |
| Accruals and Deferred Income | -632,604 | 164,831 | 237,264 | 260,365 | 58,821 | 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 | 296,973 | 245,240 | 131,218 | 50,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -180,000 | 100,000 | 0 | 0 | 80,000 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -78,730 | -64,164 | 133,500 | 37,859 | 3,804 | 0 |
| overdraft | -181,215 | -39,960 | 374,640 | 0 | 0 | 0 |
| change in cash | 102,485 | -24,204 | -241,140 | 37,859 | 3,804 | 0 |
novo auto ltd Credit Report and Business Information
Novo Auto Ltd Competitor Analysis
Perform a competitor analysis for novo auto ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in RG14 area or any other competitors across 12 key performance metrics.
novo auto ltd Ownership
NOVO AUTO LTD group structure
Novo Auto Ltd has no subsidiary companies.
Ultimate parent company
NOVO AUTO LTD
10852913
novo auto ltd directors
Novo Auto Ltd currently has 1 director, Mr Adis Karahodza serving since Jul 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adis Karahodza | United Kingdom | 46 years | Jul 2017 | - | Director |
P&L
July 2023turnover
4.1m
0%
operating profit
100.1k
0%
gross margin
11.6%
+3.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
38.6k
+0.36%
total assets
1.3m
-0.16%
cash
32.3k
-0.71%
net assets
Total assets minus all liabilities
novo auto ltd company details
company number
10852913
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
July 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
DERRICK NEWMAN LIMITED
auditor
-
address
fenwood 2 battery end, battery end, newbury, RG14 6NX
Bank
-
Legal Advisor
-
novo auto 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 3 charges/mortgages relating to novo auto ltd. Currently there are 0 open charges and 3 have been satisfied in the past.
novo auto 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.
Click to start generating capital raising & share issue transactions for NOVO AUTO LTD. This can take several minutes, an email will notify you when this has completed.
novo auto ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
