Pomanda estimates the enterprise value of NOVEL APP LIMITED at £5.1k based on a Turnover of £7.6k and 0.67x industry multiple (adjusted for size and gross margin).
novel app limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of NOVEL APP LIMITED at £0 based on an EBITDA of £-17.6k and a 4.09x industry multiple (adjusted for size and gross margin).
novel app limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of NOVEL APP LIMITED at £0 based on Net Assets of £-100 and 2.38x industry multiple (adjusted for liquidity).
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Novel App LimitedOverview
Novel App Limited is a live company located in london, SE1 8LL with a Companies House number of 13257949. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2021, it's largest shareholder is
benjamin crampin
with a 38.3% stake. Novel App Limited is a startup,
micro sized company, Pomanda has estimated its turnover at
£7.6k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Novel App Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating0.5out of 5
0 Strong
1 Regular
7 Weak
Size
annual sales of £7.6k, make it smaller than the average company (£3.8m)
£7.6k - Novel App Limited
£3.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Novel App Limited
- - Industry AVG
Production
with a gross margin of 41.9%, this company has a higher cost of product (71.7%)
41.9% - Novel App Limited
71.7% - Industry AVG
Profitability
an operating margin of -232.3% make it less profitable than the average company (4%)
-232.3% - Novel App Limited
4% - Industry AVG
Employees
with 1 employees, this is below the industry average (34)
1 - Novel App Limited
34 - Industry AVG
Pay Structure
on an average salary of £67.7k, the company has an equivalent pay structure (£67.7k)
£67.7k - Novel App Limited
£67.7k - Industry AVG
Efficiency
resulting in sales per employee of £7.6k, this is less efficient (£119.3k)
£7.6k - Novel App Limited
£119.3k - Industry AVG
Debtor Days
it gets paid by customers after 102 days, this is later than average (59 days)
102 days - Novel App Limited
59 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Novel App Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Novel App Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Novel App Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (59.7%)
100.1% - Novel App Limited
59.7% - Industry AVG
NOVEL APP LIMITED financials
EXPORT
Novel App Limited's latest turnover from March 2024 is estimated at £7.6 thousand and the company has net assets of -£100. According to their latest financial statements, we estimate that Novel App Limited has 1 employee and maintains cash reserves of £117.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Turnover
7,572
328
Other Income Or Grants
Cost Of Sales
4,401
191
Gross Profit
3,170
137
Admin Expenses
20,760
4,389
Operating Profit
-17,590
-4,252
Interest Payable
Interest Receivable
8,341
4,252
Pre-Tax Profit
-9,249
Tax
Profit After Tax
-9,249
Dividends Paid
Retained Profit
-9,249
Employee Costs
67,658
65,541
Number Of Employees
1
1
EBITDA*
-17,590
-4,252
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Tangible Assets
Intangible Assets
62,118
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
62,118
Stock & work in progress
Trade Debtors
2,132
100
Group Debtors
Misc Debtors
Cash
117,768
200,000
100
misc current assets
total current assets
119,900
200,100
100
total assets
182,018
200,100
100
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
182,118
200,000
provisions
total long term liabilities
182,118
200,000
total liabilities
182,118
200,000
net assets
-100
100
100
total shareholders funds
-100
100
100
Mar 2024
Mar 2023
Mar 2022
Operating Activities
Operating Profit
-17,590
-4,252
Depreciation
Amortisation
Tax
Stock
Debtors
2,032
100
Creditors
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-19,622
-4,352
Investing Activities
capital expenditure
-62,118
Change in Investments
cash flow from investments
-62,118
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-17,882
200,000
share issue
9,049
100
interest
8,341
4,252
cash flow from financing
-492
204,252
100
cash and cash equivalents
cash
-82,232
199,900
100
overdraft
change in cash
-82,232
199,900
100
novel app limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for novel app limited. Get real-time insights into novel app limited's credit score, group structure and payment trends.
Perform a competitor analysis for novel app limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SE1 area or any other competitors across 12 key performance metrics.
novel app limited Ownership
NOVEL APP LIMITED group structure
Novel App Limited has no subsidiary companies.
Ultimate parent company
NOVEL APP LIMITED
13257949
NOVEL APP LIMITED Shareholders
The largest shareholders in Novel App Limited include Benjamin Crampin and Ellis James Taylor.
benjamin crampin
38.3%
ellis james taylor
16.37%
edward thomas taylor
16.37%
thomas james elsbury
16.37%
novel nominee 1 limited
12.59%
novel app limited directors
Novel App Limited currently has 4 directors.
The longest serving directors include
Mr Benjamin Crampin (Mar 2021) and
Mr Thomas Elsbury (Mar 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
-100
-2%
total assets
182k
-0.09%
cash
117.8k
-0.41%
net assets
Total assets minus all liabilities
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Similar companies unavailable for this selection
novel app limited company details
company number
13257949
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
March 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
81 the cut, south bank, london, SE1 8LL
Bank
-
Legal Advisor
-
novel app 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 novel app limited.
novel app 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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novel app limitedCompanies House Filings - See Documents
