nova accountants ltd
nova accountants ltd Company Information
Company Number
11926739
Website
https://novaaccountants.comRegistered Address
suite 3313 unit 3a, 34-35 hatton garden, london, EC1N 8DX
Industry
Accounting, and auditing activities
Bookkeeping activities
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Directors
Mahmoud Al-Saffar5 Years
Shareholders
mahmoud al-saffar 100%
nova accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA ACCOUNTANTS LTD at £30.9k based on a Turnover of £38.6k and 0.8x industry multiple (adjusted for size and gross margin).
nova accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA ACCOUNTANTS LTD at £0 based on an EBITDA of £-1.4k and a 3.97x industry multiple (adjusted for size and gross margin).
nova accountants ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA ACCOUNTANTS LTD at £11.8k based on Net Assets of £3.1k and 3.76x industry multiple (adjusted for liquidity).
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Nova Accountants Ltd Overview
Nova Accountants Ltd is a live company located in london, EC1N 8DX with a Companies House number of 11926739. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2019, it's largest shareholder is mahmoud al-saffar with a 100% stake. Nova Accountants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £38.6k with healthy growth in recent years.
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Nova Accountants Ltd Health Check
Pomanda's financial health check has awarded Nova Accountants Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £38.6k, make it smaller than the average company (£110.9k)
- Nova Accountants Ltd
£110.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.6%)
- Nova Accountants Ltd
5.6% - Industry AVG
Production
with a gross margin of 44.8%, this company has a higher cost of product (72.9%)
- Nova Accountants Ltd
72.9% - Industry AVG
Profitability
an operating margin of -3.6% make it less profitable than the average company (12.9%)
- Nova Accountants Ltd
12.9% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Nova Accountants Ltd
2 - Industry AVG
Pay Structure
on an average salary of £17.4k, the company has an equivalent pay structure (£17.4k)
- Nova Accountants Ltd
£17.4k - Industry AVG
Efficiency
resulting in sales per employee of £19.3k, this is less efficient (£56.3k)
- Nova Accountants Ltd
£56.3k - Industry AVG
Debtor Days
it gets paid by customers after 116 days, this is later than average (84 days)
- Nova Accountants Ltd
84 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is slower than average (15 days)
- Nova Accountants Ltd
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Nova Accountants Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Nova Accountants Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.4%, this is a higher level of debt than the average (64%)
74.4% - Nova Accountants Ltd
64% - Industry AVG
NOVA ACCOUNTANTS LTD financials
Nova Accountants Ltd's latest turnover from April 2023 is estimated at £38.6 thousand and the company has net assets of £3.1 thousand. According to their latest financial statements, Nova Accountants Ltd has 2 employees 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 | |
|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 12,272 | 15,576 | 15,715 | 3,819 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 12,272 | 15,576 | 15,715 | 3,819 |
| total assets | 12,272 | 15,576 | 15,715 | 3,819 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,371 | 824 | 1,262 | 707 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 1,371 | 824 | 1,262 | 707 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 7,764 | 10,234 | 12,500 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,764 | 10,234 | 12,500 | 0 |
| total liabilities | 9,135 | 11,058 | 13,762 | 707 |
| net assets | 3,137 | 4,518 | 1,953 | 3,112 |
| total shareholders funds | 3,137 | 4,518 | 1,953 | 3,112 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -3,304 | -139 | 11,896 | 3,819 |
| Creditors | 547 | -438 | 555 | 707 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,470 | -2,266 | 12,500 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 |
nova accountants ltd Credit Report and Business Information
Nova Accountants Ltd Competitor Analysis
Perform a competitor analysis for nova accountants ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC1N area or any other competitors across 12 key performance metrics.
nova accountants ltd Ownership
NOVA ACCOUNTANTS LTD group structure
Nova Accountants Ltd has no subsidiary companies.
Ultimate parent company
NOVA ACCOUNTANTS LTD
11926739
nova accountants ltd directors
Nova Accountants Ltd currently has 1 director, Mr Mahmoud Al-Saffar serving since Apr 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mahmoud Al-Saffar | United Kingdom | 39 years | Apr 2019 | - | Director |
P&L
April 2023turnover
38.6k
-7%
operating profit
-1.4k
0%
gross margin
44.9%
-6.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
3.1k
-0.31%
total assets
12.3k
-0.21%
cash
0
0%
net assets
Total assets minus all liabilities
nova accountants ltd company details
company number
11926739
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
69202 - Bookkeeping activities
incorporation date
April 2019
age
5
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
suite 3313 unit 3a, 34-35 hatton garden, london, EC1N 8DX
accountant
-
auditor
-
nova accountants 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 did not find charges/mortgages relating to nova accountants ltd.
nova accountants ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
