innovare offsite limited Company Information
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
View All
Shareholders
bowmer & kirkland limited 100%
innovare offsite limited Estimated Valuation
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
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
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
4 Strong
2 Regular
5 Weak
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
There is insufficient data available for this Key Performance Indicator!
- Innovare Offsite Limited
- - Industry AVG
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
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
with 121 employees, this is above the industry average (27)
121 - Innovare Offsite Limited
27 - Industry AVG
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
resulting in sales per employee of £86k, this is less efficient (£324.5k)
£86k - Innovare Offsite Limited
£324.5k - Industry AVG
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
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
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
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
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
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 House, Pomanda Estimates
Aug 2023 | |
---|---|
Turnover | 10,400,833 |
Other Income Or Grants | 0 |
Cost Of Sales | 8,815,589 |
Gross Profit | 1,585,244 |
Admin Expenses | 3,424,953 |
Operating Profit | -1,839,709 |
Interest Payable | 47,556 |
Interest Receivable | 7,101 |
Pre-Tax Profit | -1,880,164 |
Tax | 0 |
Profit After Tax | -1,880,164 |
Dividends Paid | 0 |
Retained Profit | -1,880,164 |
Employee Costs | 2,135,372 |
Number Of Employees | 121 |
EBITDA* | -977,293 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | |
---|---|
Tangible Assets | 1,226,433 |
Intangible Assets | 6,304,405 |
Investments & Other | 0 |
Debtors (Due After 1 year) | 0 |
Total Fixed Assets | 7,530,838 |
Stock & work in progress | 600,686 |
Trade Debtors | 758,067 |
Group Debtors | 169,090 |
Misc Debtors | 2,285,565 |
Cash | 1,293,468 |
misc current assets | 0 |
total current assets | 5,106,876 |
total assets | 12,637,714 |
Bank overdraft | 0 |
Bank loan | 0 |
Trade Creditors | 5,819,149 |
Group/Directors Accounts | 3,233 |
other short term finances | 0 |
hp & lease commitments | 0 |
other current liabilities | 666,401 |
total current liabilities | 6,488,783 |
loans | 7,507,927 |
hp & lease commitments | 0 |
Accruals and Deferred Income | 380,000 |
other liabilities | 0 |
provisions | 141,068 |
total long term liabilities | 8,028,995 |
total liabilities | 14,517,778 |
net assets | -1,880,064 |
total shareholders funds | -1,880,064 |
Aug 2023 | |
---|---|
Operating Activities | |
Operating Profit | -1,839,709 |
Depreciation | 212,149 |
Amortisation | 650,267 |
Tax | 0 |
Stock | 600,686 |
Debtors | 3,212,722 |
Creditors | 5,819,149 |
Accruals and Deferred Income | 1,046,401 |
Deferred Taxes & Provisions | 141,068 |
Cash flow from operations | 2,215,917 |
Investing Activities | |
capital expenditure | |
Change in Investments | 0 |
cash flow from investments | |
Financing Activities | |
Bank loans | 0 |
Group/Directors Accounts | 3,233 |
Other Short Term Loans | 0 |
Long term loans | 7,507,927 |
Hire Purchase and Lease Commitments | 0 |
other long term liabilities | 0 |
share issue | |
interest | -40,455 |
cash flow from financing | 7,470,805 |
cash and cash equivalents | |
cash | 1,293,468 |
overdraft | 0 |
change in cash | 1,293,468 |
innovare offsite limited Credit Report and Business Information
Innovare Offsite Limited Competitor Analysis
Perform a competitor analysis for innovare offsite limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
innovare offsite limited Ownership
INNOVARE OFFSITE LIMITED group structure
Innovare Offsite Limited has no subsidiary companies.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Mark Townsend | England | 56 years | Feb 2023 | - | Director |
Mr Neil Brook | United Kingdom | 57 years | Mar 2023 | - | Director |
Miss Michelle Mucklestone | England | 57 years | Mar 2023 | - | Director |
Mr Peter Blunt | United Kingdom | 44 years | Apr 2023 | - | Director |
P&L
August 2023turnover
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 2023net 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.
innovare offsite limited Companies House Filings - See Documents
date | description | view/download |
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