novaworx ltd
novaworx ltd Company Information
Company Number
11170776
Next Accounts
Dec 2025
Directors
Shareholders
benjamin russell
robert kurton
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
burton manor the village, burton, neston, CH64 5SJ
Website
-novaworx ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVAWORX LTD at £38.7k based on a Turnover of £236.1k and 0.16x industry multiple (adjusted for size and gross margin).
novaworx ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVAWORX LTD at £0 based on an EBITDA of £-206k and a 2.92x industry multiple (adjusted for size and gross margin).
novaworx ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVAWORX LTD at £0 based on Net Assets of £-207.6k and 1.3x industry multiple (adjusted for liquidity).
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Novaworx Ltd Overview
Novaworx Ltd is a live company located in neston, CH64 5SJ with a Companies House number of 11170776. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in January 2018, it's largest shareholder is benjamin russell with a 60% stake. Novaworx Ltd is a young, micro sized company, Pomanda has estimated its turnover at £236.1k with declining growth in recent years.
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Novaworx Ltd Health Check
Pomanda's financial health check has awarded Novaworx Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
5 Weak
Size
annual sales of £236.1k, make it smaller than the average company (£13.3m)
- Novaworx Ltd
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -66%, show it is growing at a slower rate (7.9%)
- Novaworx Ltd
7.9% - Industry AVG
Production
with a gross margin of 18.1%, this company has a comparable cost of product (18.1%)
- Novaworx Ltd
18.1% - Industry AVG
Profitability
an operating margin of -87.7% make it less profitable than the average company (2.5%)
- Novaworx Ltd
2.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (49)
1 - Novaworx Ltd
49 - Industry AVG
Pay Structure
on an average salary of £49.2k, the company has an equivalent pay structure (£49.2k)
- Novaworx Ltd
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £236.1k, this is equally as efficient (£236.1k)
- Novaworx Ltd
£236.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Novaworx Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Novaworx Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Novaworx Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Novaworx Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 272.2%, this is a higher level of debt than the average (69.8%)
272.2% - Novaworx Ltd
69.8% - Industry AVG
NOVAWORX LTD financials
Novaworx Ltd's latest turnover from March 2024 is estimated at £236.1 thousand and the company has net assets of -£207.6 thousand. According to their latest financial statements, Novaworx Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jan 2019 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 9 | 4 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jan 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | 4,687 | 5,812 | 7,875 | 9,000 | ||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 4,687 | 5,812 | 7,875 | 9,000 | ||
| Stock & work in progress | ||||||
| Trade Debtors | 327,817 | 284,379 | 266,472 | |||
| Group Debtors | 47,836 | 28,800 | 12,000 | 19,048 | ||
| Misc Debtors | 68,016 | 72,744 | 27,587 | 26,158 | 1,000 | |
| Cash | 290 | 3,232 | ||||
| misc current assets | 155,330 | |||||
| total current assets | 115,852 | 429,651 | 479,296 | 314,910 | 1,000 | |
| total assets | 120,539 | 435,463 | 487,171 | 323,910 | 1,000 | |
| Bank overdraft | 25,389 | 36,126 | 43,496 | 50,000 | ||
| Bank loan | ||||||
| Trade Creditors | 71,318 | 381,048 | 100,397 | |||
| Group/Directors Accounts | 235,153 | 236,173 | 8,705 | 17,120 | ||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 67,557 | 323,773 | 210,008 | 206,694 | ||
| total current liabilities | 328,099 | 667,390 | 643,257 | 374,211 | ||
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | ||||||
| total liabilities | 328,099 | 667,390 | 643,257 | 374,211 | ||
| net assets | -207,560 | -231,927 | -156,086 | -50,301 | 1,000 | |
| total shareholders funds | -207,560 | -231,927 | -156,086 | -50,301 | 1,000 |
| Mar 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jan 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | 1,125 | 2,063 | 1,125 | 2,250 | ||
| Tax | ||||||
| Stock | ||||||
| Debtors | 115,852 | 105,395 | 12,288 | 310,678 | 1,000 | |
| Creditors | -309,730 | 280,651 | 100,397 | |||
| Accruals and Deferred Income | 67,557 | 113,765 | 3,314 | 206,694 | ||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 235,153 | 227,468 | -8,415 | 17,120 | ||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 290 | -3,232 | 3,232 | |||
| overdraft | 25,389 | -7,370 | -6,504 | 50,000 | ||
| change in cash | -25,389 | 7,660 | 3,272 | -46,768 |
novaworx ltd Credit Report and Business Information
Novaworx Ltd Competitor Analysis
Perform a competitor analysis for novaworx ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in CH64 area or any other competitors across 12 key performance metrics.
novaworx ltd Ownership
NOVAWORX LTD group structure
Novaworx Ltd has no subsidiary companies.
Ultimate parent company
2 parents
NOVAWORX LTD
11170776
novaworx ltd directors
Novaworx Ltd currently has 1 director, Mr Robert Kurton serving since Mar 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Kurton | England | 49 years | Mar 2020 | - | Director |
P&L
March 2024turnover
236.1k
0%
operating profit
-207.1k
0%
gross margin
18.1%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-207.6k
0%
total assets
120.5k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
novaworx ltd company details
company number
11170776
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
January 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
brcr advisory ltd (March 2020)
burton manor properties ltd (March 2019)
accountant
THE HAMPDEN PARTNERSHIP LIMITED
auditor
-
address
burton manor the village, burton, neston, CH64 5SJ
Bank
-
Legal Advisor
-
novaworx 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 5 charges/mortgages relating to novaworx ltd. Currently there are 2 open charges and 3 have been satisfied in the past.
novaworx 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 NOVAWORX LTD. This can take several minutes, an email will notify you when this has completed.
novaworx ltd Companies House Filings - See Documents
| date | description | view/download |
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