innovare offsite limited

2.5

innovare offsite limited Company Information

Share INNOVARE OFFSITE LIMITED
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NewMid

Company Number

14636646

Website

-

Registered Address

high edge court church street, heage, belper, DE56 2BW

Industry

Construction of commercial buildings

 

Telephone

-

Next Accounts Due

May 2025

Group Structure

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Directors

Mark Townsend1 Years

Neil Brook1 Years

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Shareholders

bowmer & kirkland limited 100%

innovare offsite limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of INNOVARE OFFSITE LIMITED at £4.5m based on a Turnover of £10.4m and 0.43x industry multiple (adjusted for size and gross margin).

innovare offsite limited Estimated Valuation

£0

Pomanda estimates the enterprise value of INNOVARE OFFSITE LIMITED at £0 based on an EBITDA of £-977.3k and a 3.71x industry multiple (adjusted for size and gross margin).

innovare offsite limited Estimated Valuation

£0

Pomanda estimates the enterprise value of INNOVARE OFFSITE LIMITED at £0 based on Net Assets of £-1.9m and 1.26x industry multiple (adjusted for liquidity).

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Innovare Offsite Limited Overview

Innovare Offsite Limited is a live company located in belper, DE56 2BW with a Companies House number of 14636646. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in February 2023, it's largest shareholder is bowmer & kirkland limited with a 100% stake. Innovare Offsite Limited is a new, mid sized company, Pomanda has estimated its turnover at £10.4m with unknown growth in recent years.

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Innovare Offsite Limited Health Check

Pomanda's financial health check has awarded Innovare Offsite Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £10.4m, make it in line with the average company (£9.3m)

£10.4m - Innovare Offsite Limited

£9.3m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Innovare Offsite Limited

- - Industry AVG

production

Production

with a gross margin of 15.2%, this company has a comparable cost of product (14.4%)

15.2% - Innovare Offsite Limited

14.4% - Industry AVG

profitability

Profitability

an operating margin of -17.7% make it less profitable than the average company (3.4%)

-17.7% - Innovare Offsite Limited

3.4% - Industry AVG

employees

Employees

with 121 employees, this is above the industry average (27)

121 - Innovare Offsite Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £17.6k, the company has a lower pay structure (£52.5k)

£17.6k - Innovare Offsite Limited

£52.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £86k, this is less efficient (£324.5k)

£86k - Innovare Offsite Limited

£324.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is earlier than average (46 days)

26 days - Innovare Offsite Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 240 days, this is slower than average (39 days)

240 days - Innovare Offsite Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 24 days, this is more than average (12 days)

24 days - Innovare Offsite Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (21 weeks)

10 weeks - Innovare Offsite Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 114.9%, this is a higher level of debt than the average (71%)

114.9% - Innovare Offsite Limited

71% - Industry AVG

INNOVARE OFFSITE LIMITED financials

EXPORTms excel logo

Innovare Offsite Limited's latest turnover from August 2023 is £10.4 million and the company has net assets of -£1.9 million. According to their latest financial statements, Innovare Offsite Limited has 121 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023
Turnover10,400,833
Other Income Or Grants0
Cost Of Sales8,815,589
Gross Profit1,585,244
Admin Expenses3,424,953
Operating Profit-1,839,709
Interest Payable47,556
Interest Receivable7,101
Pre-Tax Profit-1,880,164
Tax0
Profit After Tax-1,880,164
Dividends Paid0
Retained Profit-1,880,164
Employee Costs2,135,372
Number Of Employees121
EBITDA*-977,293

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023
Tangible Assets1,226,433
Intangible Assets6,304,405
Investments & Other0
Debtors (Due After 1 year)0
Total Fixed Assets7,530,838
Stock & work in progress600,686
Trade Debtors758,067
Group Debtors169,090
Misc Debtors2,285,565
Cash1,293,468
misc current assets0
total current assets5,106,876
total assets12,637,714
Bank overdraft0
Bank loan0
Trade Creditors 5,819,149
Group/Directors Accounts3,233
other short term finances0
hp & lease commitments0
other current liabilities666,401
total current liabilities6,488,783
loans7,507,927
hp & lease commitments0
Accruals and Deferred Income380,000
other liabilities0
provisions141,068
total long term liabilities8,028,995
total liabilities14,517,778
net assets-1,880,064
total shareholders funds-1,880,064
Aug 2023
Operating Activities
Operating Profit-1,839,709
Depreciation212,149
Amortisation650,267
Tax0
Stock600,686
Debtors3,212,722
Creditors5,819,149
Accruals and Deferred Income1,046,401
Deferred Taxes & Provisions141,068
Cash flow from operations2,215,917
Investing Activities
capital expenditure-8,393,254
Change in Investments0
cash flow from investments-8,393,254
Financing Activities
Bank loans0
Group/Directors Accounts3,233
Other Short Term Loans 0
Long term loans7,507,927
Hire Purchase and Lease Commitments0
other long term liabilities0
share issue100
interest-40,455
cash flow from financing7,470,805
cash and cash equivalents
cash1,293,468
overdraft0
change in cash1,293,468

innovare offsite 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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Innovare Offsite Limited Competitor Analysis

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innovare offsite limited Ownership

INNOVARE OFFSITE LIMITED group structure

Innovare Offsite Limited has no subsidiary companies.

Ultimate parent company

1 parent

INNOVARE OFFSITE LIMITED

14636646

INNOVARE OFFSITE LIMITED Shareholders

bowmer & kirkland limited 100%

innovare offsite limited directors

Innovare Offsite Limited currently has 4 directors. The longest serving directors include Mr Mark Townsend (Feb 2023) and Mr Neil Brook (Mar 2023).

officercountryagestartendrole
Mr Mark TownsendEngland56 years Feb 2023- Director
Mr Neil BrookUnited Kingdom57 years Mar 2023- Director
Miss Michelle MucklestoneEngland57 years Mar 2023- Director
Mr Peter BluntUnited Kingdom44 years Apr 2023- Director

P&L

August 2023

turnover

10.4m

0%

operating profit

-1.8m

0%

gross margin

15.3%

0%

turnover

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

Balance Sheet

August 2023

net assets

-1.9m

0%

total assets

12.6m

0%

cash

1.3m

0%

net assets

Total assets minus all liabilities

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innovare offsite limited company details

company number

14636646

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

February 2023

age

1

accounts

Full Accounts

ultimate parent company

previous names

osc 0223 limited (April 2023)

incorporated

UK

address

high edge court church street, heage, belper, DE56 2BW

last accounts submitted

August 2023

innovare offsite 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 found 2 charges/mortgages relating to innovare offsite limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

innovare offsite limited Companies House Filings - See Documents

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