the innovess group cic

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the innovess group cic Company Information

Share THE INNOVESS GROUP CIC

Company Number

14864535

Shareholders

-

Group Structure

View All

Industry

Other business support service activities n.e.c.

 +2

Registered Address

the annex 45 the park, yeovil, som, BA20 1DF

Website

-

the innovess group cic Estimated Valuation

£61.6k

Pomanda estimates the enterprise value of THE INNOVESS GROUP CIC at £61.6k based on a Turnover of £73.2k and 0.84x industry multiple (adjusted for size and gross margin).

the innovess group cic Estimated Valuation

£0

Pomanda estimates the enterprise value of THE INNOVESS GROUP CIC at £0 based on an EBITDA of £-8k and a 5.74x industry multiple (adjusted for size and gross margin).

the innovess group cic Estimated Valuation

£0

Pomanda estimates the enterprise value of THE INNOVESS GROUP CIC at £0 based on Net Assets of £-8k and 2.29x industry multiple (adjusted for liquidity).

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The Innovess Group Cic Overview

The Innovess Group Cic is a live company located in som, BA20 1DF with a Companies House number of 14864535. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2023, it's largest shareholder is unknown. The Innovess Group Cic is a startup, micro sized company, Pomanda has estimated its turnover at £73.2k with unknown growth in recent years.

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The Innovess Group Cic Health Check

Pomanda's financial health check has awarded The Innovess Group Cic a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £73.2k, make it smaller than the average company (£1.8m)

£73.2k - The Innovess Group Cic

£1.8m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - The Innovess Group Cic

- - Industry AVG

production

Production

with a gross margin of 88.2%, this company has a lower cost of product (44.8%)

88.2% - The Innovess Group Cic

44.8% - Industry AVG

profitability

Profitability

an operating margin of -10.9% make it less profitable than the average company (5.4%)

-10.9% - The Innovess Group Cic

5.4% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (17)

1 - The Innovess Group Cic

17 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.8k, the company has an equivalent pay structure (£35.8k)

£35.8k - The Innovess Group Cic

£35.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £73.2k, this is equally as efficient (£86k)

£73.2k - The Innovess Group Cic

£86k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (25 days)

1 days - The Innovess Group Cic

25 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - The Innovess Group Cic

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Innovess Group Cic

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (81 weeks)

15 weeks - The Innovess Group Cic

81 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 303.9%, this is a higher level of debt than the average (36.1%)

303.9% - The Innovess Group Cic

36.1% - Industry AVG

THE INNOVESS GROUP CIC financials

EXPORTms excel logo

The Innovess Group Cic's latest turnover from May 2024 is £73.2 thousand and the company has net assets of -£8 thousand. According to their latest financial statements, The Innovess Group Cic has 1 employee and maintains cash reserves of £3.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024
Turnover73,167
Other Income Or Grants
Cost Of Sales8,606
Gross Profit64,561
Admin Expenses72,574
Operating Profit-8,013
Interest Payable15
Interest Receivable
Pre-Tax Profit-8,028
Tax
Profit After Tax-8,028
Dividends Paid
Retained Profit-8,028
Employee Costs35,841
Number Of Employees1
EBITDA*-8,013

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors358
Group Debtors
Misc Debtors
Cash3,580
misc current assets
total current assets3,938
total assets3,938
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities11,966
total current liabilities11,966
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities11,966
net assets-8,028
total shareholders funds-8,028
May 2024
Operating Activities
Operating Profit-8,013
Depreciation
Amortisation
Tax
Stock
Debtors358
Creditors
Accruals and Deferred Income11,966
Deferred Taxes & Provisions
Cash flow from operations3,595
Investing Activities
capital expenditure
Change in Investments
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-15
cash flow from financing-15
cash and cash equivalents
cash3,580
overdraft
change in cash3,580

the innovess group cic 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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The Innovess Group Cic Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for the innovess group cic by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in BA20 area or any other competitors across 12 key performance metrics.

the innovess group cic Ownership

THE INNOVESS GROUP CIC group structure

The Innovess Group Cic has no subsidiary companies.

Ultimate parent company

THE INNOVESS GROUP CIC

14864535

THE INNOVESS GROUP CIC Shareholders

--

the innovess group cic directors

The Innovess Group Cic currently has 3 directors. The longest serving directors include Mrs Zoe Collins (May 2023) and Mrs Joanna Buckland (May 2023).

officercountryagestartendrole
Mrs Zoe CollinsEngland50 years May 2023- Director
Mrs Joanna BucklandEngland39 years May 2023- Director
Mr Mark GrahamUnited Kingdom65 years Oct 2023- Director

P&L

May 2024

turnover

73.2k

0%

operating profit

-8k

0%

gross margin

88.3%

0%

turnover

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

Balance Sheet

May 2024

net assets

-8k

0%

total assets

3.9k

0%

cash

3.6k

0%

net assets

Total assets minus all liabilities

Similar Companies

Similar companies unavailable for this selection

the innovess group cic company details

company number

14864535

Type

Private Ltd By Guarantee w/o Share Cap

industry

85590 - Other education n.e.c.

82990 - Other business support service activities n.e.c.

86900 - Other human health activities

incorporation date

May 2023

age

2

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

wellbe link cic (October 2023)

wellbe linked cic (May 2023)

accountant

-

auditor

-

address

the annex 45 the park, yeovil, som, BA20 1DF

Bank

-

Legal Advisor

-

the innovess group cic 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 the innovess group cic.

the innovess group cic 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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the innovess group cic Companies House Filings - See Documents

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