innovate in britain limited

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innovate in britain limited Company Information

Share INNOVATE IN BRITAIN LIMITED

Company Number

11980699

Shareholders

investuk (group) limited

honglian zhou

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Group Structure

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Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

Registered Address

66 st. james's street, london, SW1A 1NE

innovate in britain limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of INNOVATE IN BRITAIN LIMITED at £1.5m based on a Turnover of £3.1m and 0.5x industry multiple (adjusted for size and gross margin).

innovate in britain limited Estimated Valuation

£563.3k

Pomanda estimates the enterprise value of INNOVATE IN BRITAIN LIMITED at £563.3k based on an EBITDA of £158.3k and a 3.56x industry multiple (adjusted for size and gross margin).

innovate in britain limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of INNOVATE IN BRITAIN LIMITED at £1.1m based on Net Assets of £485.2k and 2.3x industry multiple (adjusted for liquidity).

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Innovate In Britain Limited Overview

Innovate In Britain Limited is a live company located in london, SW1A 1NE with a Companies House number of 11980699. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in May 2019, it's largest shareholder is investuk (group) limited with a 74.1% stake. Innovate In Britain Limited is a young, small sized company, Pomanda has estimated its turnover at £3.1m with rapid growth in recent years.

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Innovate In Britain Limited Health Check

Pomanda's financial health check has awarded Innovate In Britain Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £3.1m, make it in line with the average company (£2.9m)

£3.1m - Innovate In Britain Limited

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 91%, show it is growing at a faster rate (7.2%)

91% - Innovate In Britain Limited

7.2% - Industry AVG

production

Production

with a gross margin of 24%, this company has a higher cost of product (44.9%)

24% - Innovate In Britain Limited

44.9% - Industry AVG

profitability

Profitability

an operating margin of 5.1% make it as profitable than the average company (5.7%)

5.1% - Innovate In Britain Limited

5.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (23)

2 - Innovate In Britain Limited

23 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Innovate In Britain Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.5m, this is more efficient (£125.8k)

£1.5m - Innovate In Britain Limited

£125.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 167 days, this is later than average (57 days)

167 days - Innovate In Britain Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 134 days, this is slower than average (31 days)

134 days - Innovate In Britain Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Innovate In Britain Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Innovate In Britain Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.8%, this is a higher level of debt than the average (53.3%)

67.8% - Innovate In Britain Limited

53.3% - Industry AVG

INNOVATE IN BRITAIN LIMITED financials

EXPORTms excel logo

Innovate In Britain Limited's latest turnover from December 2023 is estimated at £3.1 million and the company has net assets of £485.2 thousand. According to their latest financial statements, Innovate In Britain Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020May 2020
Turnover3,087,3812,939,1522,930,378442,127299,773
Other Income Or Grants
Cost Of Sales2,345,6492,249,0302,283,483338,341221,702
Gross Profit741,732690,122646,895103,78678,071
Admin Expenses583,428662,605254,45971,290122,956
Operating Profit158,30427,517392,43632,496-44,885
Interest Payable
Interest Receivable
Pre-Tax Profit158,30427,517392,43632,496-44,885
Tax-39,576-5,228-74,563-6,174
Profit After Tax118,72822,289317,87326,322-44,885
Dividends Paid
Retained Profit118,72822,289317,87326,322-44,885
Employee Costs107,825102,128685,16395,14886,573
Number Of Employees221422
EBITDA*158,30427,517392,43632,496-44,885

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020May 2020
Tangible Assets42,85042,215
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets42,85042,215
Stock & work in progress
Trade Debtors1,419,9061,371,296914,179168,11798,115
Group Debtors
Misc Debtors44,00014,400118,400
Cash
misc current assets
total current assets1,463,9061,385,6961,032,579168,11798,115
total assets1,506,7561,427,9111,032,579168,11798,115
Bank overdraft
Bank loan
Trade Creditors 863,544807,147661,384141,795143,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities863,544807,147661,384141,795143,000
loans
hp & lease commitments
Accruals and Deferred Income33,000129,28027,000
other liabilities125,000125,000
provisions
total long term liabilities158,000254,28027,000
total liabilities1,021,5441,061,427688,384141,795143,000
net assets485,212366,484344,19526,322-44,885
total shareholders funds485,212366,484344,19526,322-44,885
Dec 2023Dec 2022Dec 2021Dec 2020May 2020
Operating Activities
Operating Profit158,30427,517392,43632,496-44,885
Depreciation
Amortisation
Tax-39,576-5,228-74,563-6,174
Stock
Debtors78,210353,117864,462168,11798,115
Creditors56,397145,763519,589141,795143,000
Accruals and Deferred Income-96,280102,28027,000
Deferred Taxes & Provisions
Cash flow from operations635-82,785
Investing Activities
capital expenditure-635-42,215
Change in Investments
cash flow from investments-635-42,215
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities125,000
share issue
interest
cash flow from financing125,000
cash and cash equivalents
cash
overdraft
change in cash

innovate in britain limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Innovate In Britain Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for innovate in britain limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SW1A area or any other competitors across 12 key performance metrics.

innovate in britain limited Ownership

INNOVATE IN BRITAIN LIMITED group structure

Innovate In Britain Limited has no subsidiary companies.

Ultimate parent company

1 parent

INNOVATE IN BRITAIN LIMITED

11980699

INNOVATE IN BRITAIN LIMITED Shareholders

investuk (group) limited 74.13%
honglian zhou 9.71%
xin wu 3.71%
xiaoliang yu 2.45%
kuan guang 1.56%
robert trench fox 1.48%
foodieglobal limited 1.26%
rupert edinmore gather 1.26%
charlton taggart grant 1.26%
alexandra moe 1.26%

innovate in britain limited directors

Innovate In Britain Limited currently has 4 directors. The longest serving directors include Mr Rupert Gather (May 2019) and Mr Rupert Gather (May 2019).

officercountryagestartendrole
Mr Rupert GatherUnited Kingdom62 years May 2019- Director
Mr Rupert GatherUnited Kingdom62 years May 2019- Director
Mr Julian Rogers-ColtmanUnited Kingdom63 years Feb 2022- Director
Mr Julian Rogers-ColtmanEngland63 years Feb 2022- Director

P&L

December 2023

turnover

3.1m

+5%

operating profit

158.3k

0%

gross margin

24.1%

+2.32%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

485.2k

+0.32%

total assets

1.5m

+0.06%

cash

0

0%

net assets

Total assets minus all liabilities

innovate in britain limited company details

company number

11980699

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

May 2019

age

6

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

innovate britain limited (June 2020)

accountant

-

auditor

-

address

66 st. james's street, london, SW1A 1NE

Bank

-

Legal Advisor

-

innovate in britain 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 did not find charges/mortgages relating to innovate in britain limited.

innovate in britain 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.

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innovate in britain limited Companies House Filings - See Documents

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