innovate property limited
innovate property limited Company Information
Company Number
10969691
Next Accounts
Apr 2025
Shareholders
maria nawaz
sheraz ahmed qureshi
View AllGroup Structure
View All
Industry
Buying and selling of own real estate
Registered Address
80 holloway head, birmingham, B1 1QP
Website
-innovate property limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATE PROPERTY LIMITED at £12.3m based on a Turnover of £5.3m and 2.31x industry multiple (adjusted for size and gross margin).
innovate property limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATE PROPERTY LIMITED at £685.6k based on an EBITDA of £140.2k and a 4.89x industry multiple (adjusted for size and gross margin).
innovate property limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATE PROPERTY LIMITED at £2.9m based on Net Assets of £1.8m and 1.6x industry multiple (adjusted for liquidity).
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Innovate Property Limited Overview
Innovate Property Limited is a live company located in birmingham, B1 1QP with a Companies House number of 10969691. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in September 2017, it's largest shareholder is maria nawaz with a 34% stake. Innovate Property Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.3m with rapid growth in recent years.
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Innovate Property Limited Health Check
Pomanda's financial health check has awarded Innovate Property Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £5.3m, make it larger than the average company (£851.1k)
- Innovate Property Limited
£851.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 231%, show it is growing at a faster rate (2.5%)
- Innovate Property Limited
2.5% - Industry AVG
Production
with a gross margin of 26.7%, this company has a higher cost of product (69.2%)
- Innovate Property Limited
69.2% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (25.9%)
- Innovate Property Limited
25.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Innovate Property Limited
4 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)
- Innovate Property Limited
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.8m, this is more efficient (£188.6k)
- Innovate Property Limited
£188.6k - Industry AVG
Debtor Days
it gets paid by customers after 134 days, this is later than average (25 days)
- Innovate Property Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (31 days)
- Innovate Property Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Innovate Property Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Innovate Property Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.6%, this is a higher level of debt than the average (64.2%)
73.6% - Innovate Property Limited
64.2% - Industry AVG
INNOVATE PROPERTY LIMITED financials
Innovate Property Limited's latest turnover from July 2023 is estimated at £5.3 million and the company has net assets of £1.8 million. According to their latest financial statements, Innovate Property Limited has 3 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 | Aug 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 | 3 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 4,844,981 | 4,844,981 | 4,775,590 | |||
| Intangible Assets | ||||||
| Investments & Other | 4,900,000 | 1,940,000 | ||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 4,844,981 | 4,844,981 | 4,775,590 | 4,900,000 | 1,940,000 | |
| Stock & work in progress | ||||||
| Trade Debtors | 1,964,993 | 2,063,815 | 1,711,193 | |||
| Group Debtors | ||||||
| Misc Debtors | 643,228 | 494,587 | ||||
| Cash | 11,368 | 94,591 | ||||
| misc current assets | ||||||
| total current assets | 1,964,993 | 2,063,815 | 1,711,193 | 654,596 | 589,178 | |
| total assets | 6,809,974 | 6,908,796 | 6,486,783 | 5,554,596 | 2,529,178 | |
| Bank overdraft | 100,920 | 31,294 | ||||
| Bank loan | ||||||
| Trade Creditors | 638,682 | 631,839 | 540,702 | 99,105 | 25,552 | |
| Group/Directors Accounts | 257,600 | 215,550 | ||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 33,071 | 3 | ||||
| total current liabilities | 638,682 | 631,839 | 540,702 | 490,696 | 272,399 | |
| loans | 3,352,817 | 1,544,005 | ||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 3,973,979 | 4,185,787 | 4,089,719 | |||
| provisions | 396,400 | 395,434 | 297,787 | 307,315 | 139,541 | |
| total long term liabilities | 4,370,379 | 4,581,221 | 4,387,506 | 3,660,132 | 1,683,546 | |
| total liabilities | 5,009,061 | 5,213,060 | 4,928,208 | 4,150,828 | 1,955,945 | |
| net assets | 1,800,913 | 1,695,736 | 1,558,575 | 1,403,768 | 573,233 | |
| total shareholders funds | 1,800,913 | 1,695,736 | 1,558,575 | 1,403,768 | 573,233 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | -98,822 | 352,622 | 1,067,965 | 148,641 | 494,587 | |
| Creditors | 6,843 | 91,137 | 441,597 | 73,553 | 25,552 | |
| Accruals and Deferred Income | -33,071 | 33,068 | 3 | |||
| Deferred Taxes & Provisions | 966 | 97,647 | -9,528 | 167,774 | 139,541 | |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -4,900,000 | 2,960,000 | 1,940,000 | |||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -257,600 | 42,050 | 215,550 | |||
| Other Short Term Loans | ||||||
| Long term loans | -3,352,817 | 1,808,812 | 1,544,005 | |||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -211,808 | 96,068 | 4,089,719 | |||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -11,368 | -83,223 | 94,591 | |||
| overdraft | -100,920 | 69,626 | 31,294 | |||
| change in cash | 89,552 | -152,849 | 63,297 |
innovate property limited Credit Report and Business Information
Innovate Property Limited Competitor Analysis
Perform a competitor analysis for innovate property limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in B 1 area or any other competitors across 12 key performance metrics.
innovate property limited Ownership
INNOVATE PROPERTY LIMITED group structure
Innovate Property Limited has no subsidiary companies.
Ultimate parent company
INNOVATE PROPERTY LIMITED
10969691
innovate property limited directors
Innovate Property Limited currently has 2 directors. The longest serving directors include Mr Mazair Iqbal (May 2018) and Mr Sheraz Qureshi (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mazair Iqbal | England | 59 years | May 2018 | - | Director |
| Mr Sheraz Qureshi | United Kingdom | 49 years | May 2018 | - | Director |
P&L
July 2023turnover
5.3m
+1%
operating profit
140.2k
0%
gross margin
26.7%
-1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.8m
+0.06%
total assets
6.8m
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
innovate property limited company details
company number
10969691
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
80 holloway head, birmingham, B1 1QP
Bank
-
Legal Advisor
-
innovate property limited 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 16 charges/mortgages relating to innovate property limited. Currently there are 16 open charges and 0 have been satisfied in the past.
innovate property limited 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 INNOVATE PROPERTY LIMITED. This can take several minutes, an email will notify you when this has completed.
innovate property limited Companies House Filings - See Documents
| date | description | view/download |
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