ovation bidco ltd
ovation bidco ltd Company Information
Company Number
12080326
Next Accounts
Sep 2025
Industry
Activities of financial services holding companies
Shareholders
ovation midco ltd
Group Structure
View All
Contact
Registered Address
unit 1.16 st johns innovation ce, cowley road, cambridge, CB4 0WS
Website
-ovation bidco ltd Estimated Valuation
Pomanda estimates the enterprise value of OVATION BIDCO LTD at £792k based on a Turnover of £675.5k and 1.17x industry multiple (adjusted for size and gross margin).
ovation bidco ltd Estimated Valuation
Pomanda estimates the enterprise value of OVATION BIDCO LTD at £134.4k based on an EBITDA of £31.6k and a 4.26x industry multiple (adjusted for size and gross margin).
ovation bidco ltd Estimated Valuation
Pomanda estimates the enterprise value of OVATION BIDCO LTD at £5.5m based on Net Assets of £3.1m and 1.8x industry multiple (adjusted for liquidity).
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Ovation Bidco Ltd Overview
Ovation Bidco Ltd is a live company located in cambridge, CB4 0WS with a Companies House number of 12080326. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in July 2019, it's largest shareholder is ovation midco ltd with a 100% stake. Ovation Bidco Ltd is a young, small sized company, Pomanda has estimated its turnover at £675.5k with declining growth in recent years.
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Ovation Bidco Ltd Health Check
Pomanda's financial health check has awarded Ovation Bidco Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £675.5k, make it smaller than the average company (£11.9m)
£675.5k - Ovation Bidco Ltd
£11.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (9.2%)
-9% - Ovation Bidco Ltd
9.2% - Industry AVG
Production
with a gross margin of 79.7%, this company has a comparable cost of product (79.7%)
79.7% - Ovation Bidco Ltd
79.7% - Industry AVG
Profitability
an operating margin of 4.6% make it less profitable than the average company (10.1%)
4.6% - Ovation Bidco Ltd
10.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (65)
2 - Ovation Bidco Ltd
65 - Industry AVG
Pay Structure
on an average salary of £287.4k, the company has a higher pay structure (£84.8k)
£287.4k - Ovation Bidco Ltd
£84.8k - Industry AVG
Efficiency
resulting in sales per employee of £337.8k, this is more efficient (£214k)
£337.8k - Ovation Bidco Ltd
£214k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ovation Bidco Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (49 days)
2 days - Ovation Bidco Ltd
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ovation Bidco Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (27 weeks)
0 weeks - Ovation Bidco Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.8%, this is a higher level of debt than the average (54.2%)
92.8% - Ovation Bidco Ltd
54.2% - Industry AVG
OVATION BIDCO LTD financials
Ovation Bidco Ltd's latest turnover from December 2023 is £675.5 thousand and the company has net assets of £3.1 million. According to their latest financial statements, Ovation Bidco Ltd has 2 employees and maintains cash reserves of £51.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 675,537 | 559,536 | 726,535 | 898,876 |
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | 30,706 | 88,707 | -27,879 | -2,075,695 |
| Interest Payable | 1,330,604 | 928,011 | 477,317 | 66,740 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,299,898 | -839,304 | -505,196 | -2,142,435 |
| Tax | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,299,898 | -839,304 | -505,196 | -2,142,435 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -1,299,898 | -839,304 | -505,196 | -2,142,435 |
| Employee Costs | 574,889 | 463,153 | 653,037 | 609,107 |
| Number Of Employees | 2 | 2 | ||
| EBITDA* | 31,559 | 90,413 | -27,034 | -2,074,850 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 1,705 | 2,558 | 22,830,109 | 11,629,636 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 42,023,200 | 32,427,499 | 22,825,040 | 11,623,722 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 42,024,906 | 32,430,058 | 22,830,108 | 11,629,635 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 546,741 | 449,505 | 375,939 | 462,110 |
| Misc Debtors | 3,411 | 0 | 4,224 | 4,224 |
| Cash | 51,177 | 42,648 | 54,912 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 601,331 | 492,153 | 435,076 | 466,334 |
| total assets | 42,626,237 | 32,922,211 | 23,265,184 | 12,095,969 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 853 | 853 | 1,690 | 0 |
| Group/Directors Accounts | 39,386,728 | 28,451,894 | 1 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 165,472 | 96,383 | 18,100,869 | 6,428,147 |
| total current liabilities | 39,553,054 | 28,549,130 | 18,102,560 | 6,428,149 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 39,553,054 | 28,549,130 | 18,102,560 | 6,428,149 |
| net assets | 3,073,183 | 4,373,081 | 5,162,625 | 5,667,820 |
| total shareholders funds | 3,073,183 | 4,373,081 | 5,162,626 | 5,667,821 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 30,706 | 88,707 | -27,879 | -2,075,695 |
| Depreciation | 853 | 1,706 | 845 | 845 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 100,648 | 69,342 | -86,171 | 466,334 |
| Creditors | 0 | -837 | 1,690 | 0 |
| Accruals and Deferred Income | 69,089 | -18,004,486 | 11,672,722 | 6,428,147 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 0 | -17,984,252 | 11,733,549 | 3,886,963 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 9,595,701 | 9,602,459 | 11,201,318 | 11,623,722 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 10,934,835 | 28,451,893 | 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 | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -1,330,604 | -928,011 | -477,317 | -66,740 |
| cash flow from financing | 9,604,231 | 27,573,641 | -477,317 | 7,743,516 |
| cash and cash equivalents | ||||
| cash | 8,530 | -12,264 | 54,912 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 8,530 | -12,264 | 54,912 | 0 |
ovation bidco ltd Credit Report and Business Information
Ovation Bidco Ltd Competitor Analysis
Perform a competitor analysis for ovation bidco ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CB4 area or any other competitors across 12 key performance metrics.
ovation bidco ltd Ownership
OVATION BIDCO LTD group structure
Ovation Bidco Ltd has 2 subsidiary companies.
Ultimate parent company
OVATION TOPCO LTD
#0124835
2 parents
OVATION BIDCO LTD
12080326
2 subsidiaries
ovation bidco ltd directors
Ovation Bidco Ltd currently has 3 directors. The longest serving directors include Mr Edmund Lazarus (Jul 2019) and Mr Mark Joseph (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edmund Lazarus | United Kingdom | 56 years | Jul 2019 | - | Director |
| Mr Mark Joseph | 56 years | Jul 2019 | - | Director | |
| Mr Simon Dexter | 41 years | Dec 2019 | - | Director |
P&L
December 2023turnover
675.5k
+21%
operating profit
30.7k
-65%
gross margin
79.7%
+1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.1m
-0.3%
total assets
42.6m
+0.29%
cash
51.2k
+0.2%
net assets
Total assets minus all liabilities
Similar Companies
ovation bidco ltd company details
company number
12080326
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
July 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
unit 1.16 st johns innovation ce, cowley road, cambridge, CB4 0WS
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
MAYER BROWN INTERNATIONAL LLP
ovation bidco 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 ovation bidco ltd.
ovation bidco 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.
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ovation bidco ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
