the innovess group cic
the innovess group cic Company Information
Group Structure
View All
Industry
Other business support service activities n.e.c.
+2Registered Address
the annex 45 the park, yeovil, som, BA20 1DF
Website
-the innovess group cic Estimated Valuation
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
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
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
2 Strong
2 Regular
5 Weak
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
There is insufficient data available for this Key Performance Indicator!
- The Innovess Group Cic
- - Industry AVG
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
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
with 1 employees, this is below the industry average (17)
1 - The Innovess Group Cic
17 - Industry AVG
Pay Structure
on an average salary of £35.8k, the company has an equivalent pay structure (£35.8k)
- The Innovess Group Cic
£35.8k - Industry AVG
Efficiency
resulting in sales per employee of £73.2k, this is equally as efficient (£86k)
£73.2k - The Innovess Group Cic
£86k - Industry AVG
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
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Innovess Group Cic
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Innovess Group Cic
- - Industry AVG
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
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
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 House, Pomanda Estimates
| May 2024 | |
|---|---|
| Turnover | 73,167 |
| Other Income Or Grants | |
| Cost Of Sales | 8,606 |
| Gross Profit | 64,561 |
| Admin Expenses | 72,574 |
| Operating Profit | -8,013 |
| Interest Payable | 15 |
| Interest Receivable | |
| Pre-Tax Profit | -8,028 |
| Tax | |
| Profit After Tax | -8,028 |
| Dividends Paid | |
| Retained Profit | -8,028 |
| Employee Costs | |
| Number Of Employees | 1 |
| 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 Debtors | 358 |
| Group Debtors | |
| Misc Debtors | |
| Cash | 3,580 |
| misc current assets | |
| total current assets | 3,938 |
| total assets | 3,938 |
| Bank overdraft | |
| Bank loan | |
| Trade Creditors | |
| Group/Directors Accounts | |
| other short term finances | |
| hp & lease commitments | |
| other current liabilities | 11,966 |
| total current liabilities | 11,966 |
| loans | |
| hp & lease commitments | |
| Accruals and Deferred Income | |
| other liabilities | |
| provisions | |
| total long term liabilities | |
| total liabilities | 11,966 |
| net assets | -8,028 |
| total shareholders funds | -8,028 |
| May 2024 | |
|---|---|
| Operating Activities | |
| Operating Profit | -8,013 |
| Depreciation | |
| Amortisation | |
| Tax | |
| Stock | |
| Debtors | 358 |
| Creditors | |
| Accruals and Deferred Income | 11,966 |
| Deferred Taxes & Provisions | |
| Cash flow from operations | 3,595 |
| 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 | |
| cash | 3,580 |
| overdraft | |
| change in cash | 3,580 |
the innovess group cic Credit Report and Business Information
The Innovess Group Cic Competitor Analysis
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 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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Zoe Collins | England | 50 years | May 2023 | - | Director |
| Mrs Joanna Buckland | England | 39 years | May 2023 | - | Director |
| Mr Mark Graham | United Kingdom | 65 years | Oct 2023 | - | Director |
P&L
May 2024turnover
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 2024net assets
-8k
0%
total assets
3.9k
0%
cash
3.6k
0%
net assets
Total assets minus all liabilities
Similar Companies
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
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
| date | description | view/download |
|---|
