overwerx ltd
overwerx ltd Company Information
Company Number
12403501
Next Accounts
130 days late
Shareholders
andrew michael
david south
View AllGroup Structure
View All
Industry
Manufacture of air and spacecraft and related machinery
+2Registered Address
c/o xl associates hazara house, 502 - 504 dudley road, wolverhampton, WV2 3AA
Website
-overwerx ltd Estimated Valuation
Pomanda estimates the enterprise value of OVERWERX LTD at £147.5k based on a Turnover of £194.9k and 0.76x industry multiple (adjusted for size and gross margin).
overwerx ltd Estimated Valuation
Pomanda estimates the enterprise value of OVERWERX LTD at £21.2m based on an EBITDA of £4.5m and a 4.69x industry multiple (adjusted for size and gross margin).
overwerx ltd Estimated Valuation
Pomanda estimates the enterprise value of OVERWERX LTD at £11.4m based on Net Assets of £4.8m and 2.38x industry multiple (adjusted for liquidity).
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Overwerx Ltd Overview
Overwerx Ltd is a live company located in wolverhampton, WV2 3AA with a Companies House number of 12403501. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in January 2020, it's largest shareholder is andrew michael with a 75.4% stake. Overwerx Ltd is a young, micro sized company, Pomanda has estimated its turnover at £194.9k with unknown growth in recent years.
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Overwerx Ltd Health Check
Pomanda's financial health check has awarded Overwerx Ltd a 4 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
3 Strong
2 Regular
4 Weak
Size
annual sales of £194.9k, make it smaller than the average company (£4.3m)
- Overwerx Ltd
£4.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Overwerx Ltd
- - Industry AVG
Production
with a gross margin of 39.4%, this company has a comparable cost of product (39.4%)
- Overwerx Ltd
39.4% - Industry AVG
Profitability
an operating margin of 2321.9% make it more profitable than the average company (6.7%)
- Overwerx Ltd
6.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (55)
2 - Overwerx Ltd
55 - Industry AVG
Pay Structure
on an average salary of £55.1k, the company has an equivalent pay structure (£55.1k)
- Overwerx Ltd
£55.1k - Industry AVG
Efficiency
resulting in sales per employee of £97.5k, this is less efficient (£136.7k)
- Overwerx Ltd
£136.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Overwerx Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (39 days)
- Overwerx Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Overwerx Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 164 weeks, this is more cash available to meet short term requirements (21 weeks)
164 weeks - Overwerx Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.8%, this is a lower level of debt than the average (65.4%)
27.8% - Overwerx Ltd
65.4% - Industry AVG
OVERWERX LTD financials
Overwerx Ltd's latest turnover from February 2023 is estimated at £194.9 thousand and the company has net assets of £4.8 million. According to their latest financial statements, Overwerx Ltd has 2 employees and maintains cash reserves of £5.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| 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 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Tangible Assets | 1,099 | 2,369 | |
| Intangible Assets | |||
| Investments & Other | 100 | 100 | 100 |
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 100 | 1,199 | 2,469 |
| Stock & work in progress | |||
| Trade Debtors | |||
| Group Debtors | 799,777 | ||
| Misc Debtors | 1,021,911 | 662,585 | |
| Cash | 5,824,464 | 5,001 | 193,104 |
| misc current assets | |||
| total current assets | 6,624,241 | 1,026,912 | 855,689 |
| total assets | 6,624,341 | 1,028,111 | 858,158 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 2,099 | 30 | |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 1,836,379 | 2,400 | 2,400 |
| total current liabilities | 1,838,478 | 2,430 | 2,400 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 1,838,478 | 2,430 | 2,400 |
| net assets | 4,785,863 | 1,025,681 | 855,758 |
| total shareholders funds | 4,785,863 | 1,025,681 | 855,758 |
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 1,099 | 1,270 | 1,442 |
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | -222,134 | 359,326 | 662,585 |
| Creditors | 2,069 | 30 | |
| Accruals and Deferred Income | 1,833,979 | 2,400 | |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 100 | ||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| 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 | 5,819,463 | -188,103 | 193,104 |
| overdraft | |||
| change in cash | 5,819,463 | -188,103 | 193,104 |
overwerx ltd Credit Report and Business Information
Overwerx Ltd Competitor Analysis
Perform a competitor analysis for overwerx ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in WV2 area or any other competitors across 12 key performance metrics.
overwerx ltd Ownership
OVERWERX LTD group structure
Overwerx Ltd has 4 subsidiary companies.
Ultimate parent company
OVERWERX LTD
12403501
4 subsidiaries
overwerx ltd directors
Overwerx Ltd currently has 3 directors. The longest serving directors include Mr Andrew Michael (Jan 2020) and Mr Richard Smith (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Michael | England | 41 years | Jan 2020 | - | Director |
| Mr Richard Smith | England | 64 years | Nov 2022 | - | Director |
| Ms Harminder Chahal | England | 50 years | Jan 2023 | - | Director |
P&L
February 2023turnover
194.9k
+2%
operating profit
4.5m
0%
gross margin
39.4%
-0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
4.8m
+3.67%
total assets
6.6m
+5.44%
cash
5.8m
+1163.66%
net assets
Total assets minus all liabilities
overwerx ltd company details
company number
12403501
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
30300 - Manufacture of air and spacecraft and related machinery
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
January 2020
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
c/o xl associates hazara house, 502 - 504 dudley road, wolverhampton, WV2 3AA
Bank
-
Legal Advisor
-
overwerx 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 overwerx ltd.
overwerx 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 OVERWERX LTD. This can take several minutes, an email will notify you when this has completed.
overwerx ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
