novare developments ltd
novare developments ltd Company Information
Company Number
11209895
Website
-Registered Address
33 tinkers lane, sawtry, huntingdon, cambs, PE28 5TE
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
kevin george conneely 50%
beverley susan conneely 50%
novare developments ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVARE DEVELOPMENTS LTD at £448.6k based on a Turnover of £198.4k and 2.26x industry multiple (adjusted for size and gross margin).
novare developments ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVARE DEVELOPMENTS LTD at £0 based on an EBITDA of £-34.5k and a 4.96x industry multiple (adjusted for size and gross margin).
novare developments ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVARE DEVELOPMENTS LTD at £0 based on Net Assets of £-107.3k and 1.6x industry multiple (adjusted for liquidity).
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Novare Developments Ltd Overview
Novare Developments Ltd is a live company located in huntingdon, PE28 5TE with a Companies House number of 11209895. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2018, it's largest shareholder is kevin george conneely with a 50% stake. Novare Developments Ltd is a young, micro sized company, Pomanda has estimated its turnover at £198.4k with declining growth in recent years.
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Novare Developments Ltd Health Check
Pomanda's financial health check has awarded Novare Developments Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £198.4k, make it smaller than the average company (£801.8k)
- Novare Developments Ltd
£801.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -51%, show it is growing at a slower rate (2.1%)
- Novare Developments Ltd
2.1% - Industry AVG
Production
with a gross margin of 30%, this company has a higher cost of product (71.9%)
- Novare Developments Ltd
71.9% - Industry AVG
Profitability
an operating margin of -17.4% make it less profitable than the average company (27.2%)
- Novare Developments Ltd
27.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
1 - Novare Developments Ltd
3 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Novare Developments Ltd
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £198.4k, this is equally as efficient (£183.1k)
- Novare Developments Ltd
£183.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (32 days)
- Novare Developments Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 1375 days, this is slower than average (35 days)
- Novare Developments Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Novare Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Novare Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.8%, this is a higher level of debt than the average (68%)
109.8% - Novare Developments Ltd
68% - Industry AVG
novare developments ltd Credit Report and Business Information
Novare Developments Ltd Competitor Analysis
Perform a competitor analysis for novare developments ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
novare developments ltd Ownership
NOVARE DEVELOPMENTS LTD group structure
Novare Developments Ltd has no subsidiary companies.
Ultimate parent company
NOVARE DEVELOPMENTS LTD
11209895
novare developments ltd directors
Novare Developments Ltd currently has 2 directors. The longest serving directors include Mr Kevin Conneely (Feb 2018) and Mrs Beverley Conneely (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Conneely | United Kingdom | 57 years | Feb 2018 | - | Director |
| Mrs Beverley Conneely | United Kingdom | 57 years | Feb 2018 | - | Director |
NOVARE DEVELOPMENTS LTD financials
Novare Developments Ltd's latest turnover from April 2023 is estimated at £198.4 thousand and the company has net assets of -£107.3 thousand. According to their latest financial statements, Novare Developments Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 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 | 2 | 2 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,069,179 | 1,059,795 | 194,535 | 5,591 | 6,889 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,069,179 | 1,059,795 | 194,535 | 5,591 | 6,889 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,357 | 84,822 | 558,025 | 534,566 | 461,487 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,357 | 84,822 | 558,025 | 534,566 | 461,487 |
| total assets | 1,092,536 | 1,144,617 | 752,560 | 540,157 | 468,376 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 523,635 | 536,108 | 630,286 | 583,827 | 508,104 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 523,635 | 536,108 | 630,286 | 583,827 | 508,104 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,160 | 1,980 | 1,800 | 1,800 | 2,120 |
| other liabilities | 674,048 | 679,364 | 175,852 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 676,208 | 681,344 | 177,652 | 1,800 | 2,120 |
| total liabilities | 1,199,843 | 1,217,452 | 807,938 | 585,627 | 510,224 |
| net assets | -107,307 | -72,835 | -55,378 | -45,470 | -41,848 |
| total shareholders funds | -107,307 | -72,835 | -55,378 | -45,470 | -41,848 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -61,465 | -473,203 | 23,459 | 73,079 | 461,487 |
| Creditors | -12,473 | -94,178 | 46,459 | 75,723 | 508,104 |
| Accruals and Deferred Income | 180 | 180 | 0 | -320 | 2,120 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -5,316 | 503,512 | 175,852 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
P&L
April 2023turnover
198.4k
-46%
operating profit
-34.5k
0%
gross margin
30%
+7.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-107.3k
+0.47%
total assets
1.1m
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
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novare developments ltd company details
company number
11209895
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
February 2018
age
6
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
33 tinkers lane, sawtry, huntingdon, cambs, PE28 5TE
last accounts submitted
April 2023
novare developments 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 novare developments ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
novare developments ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
