innovation ulster limited
innovation ulster limited Company Information
Company Number
NI033135
Website
http://ulster.ac.ukRegistered Address
bd-004-09 york street, belfast, BT15 1ED
Industry
Other personal service activities n.e.c.
Telephone
02895365835
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
university of ulster 100%
innovation ulster limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION ULSTER LIMITED at £0 based on a Turnover of £0 and 0.67x industry multiple (adjusted for size and gross margin).
innovation ulster limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION ULSTER LIMITED at £0 based on an EBITDA of £-1m and a 4.38x industry multiple (adjusted for size and gross margin).
innovation ulster limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION ULSTER LIMITED at £27.4m based on Net Assets of £13.5m and 2.03x industry multiple (adjusted for liquidity).
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Innovation Ulster Limited Overview
Innovation Ulster Limited is a live company located in belfast, BT15 1ED with a Companies House number of NI033135. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 1997, it's largest shareholder is university of ulster with a 100% stake. Innovation Ulster Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Innovation Ulster Limited Health Check
Pomanda's financial health check has awarded Innovation Ulster Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Innovation Ulster Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Innovation Ulster Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Innovation Ulster Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Innovation Ulster Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- Innovation Ulster Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Innovation Ulster Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Innovation Ulster Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Innovation Ulster Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Innovation Ulster Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Innovation Ulster Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2017 weeks, this is more cash available to meet short term requirements (48 weeks)
- - Innovation Ulster Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.1%, this is a lower level of debt than the average (43.9%)
- - Innovation Ulster Limited
- - Industry AVG
INNOVATION ULSTER LIMITED financials
Innovation Ulster Limited's latest turnover from July 2023 is 0 and the company has net assets of £13.5 million. According to their latest financial statements, we estimate that Innovation Ulster Limited has 1 employee and maintains cash reserves of £319.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 21,178 | 397,707 | 905,095 | 1,161,268 | 1,523,874 | 1,739,178 | 1,662,955 | 1,292,786 | 1,523,844 | 1,532,398 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 0 | 341,096 | 773,442 | 996,919 | 1,295,829 | 1,486,405 | 1,395,918 | 1,109,712 | 1,297,623 | 1,249,617 | |||||
| Gross Profit | 21,178 | 56,611 | 131,653 | 164,349 | 228,045 | 252,773 | 267,037 | 183,074 | 226,221 | 282,781 | |||||
| Admin Expenses | 568,597 | 55,943 | -484,856 | 157,256 | 195,630 | 250,034 | 241,595 | 74,312 | 80,513 | 345,381 | |||||
| Operating Profit | -1,010,807 | 1,190,456 | 20,800 | -74,118 | -333,147 | -547,419 | 668 | 616,509 | 7,093 | 32,415 | 2,739 | 25,442 | 108,762 | 145,708 | -62,600 |
| Interest Payable | 26,728 | 91 | 44 | 237 | 378 | 0 | 485 | 0 | 82 | 9,083 | 2,322 | 13,713 | 5,612 | 13,770 | 11,865 |
| Interest Receivable | 0 | 0 | 247 | 67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 517 | 6,188 | 7,835 |
| Pre-Tax Profit | 4,337,926 | 2,011,187 | -487,762 | -306,961 | 2,686,050 | 2,399,439 | 468,312 | 569,129 | -718,238 | -349,154 | -52,573 | -236,636 | -7,619 | 138,126 | -66,630 |
| Tax | -4,336 | 0 | 0 | 14,880 | 8,306 | -29,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -421 | 0 |
| Profit After Tax | 4,333,590 | 2,011,187 | -487,762 | -292,081 | 2,694,356 | 2,369,440 | 468,312 | 569,129 | -718,238 | -349,154 | -52,573 | -236,636 | -7,619 | 137,705 | -66,630 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,333,590 | 2,011,187 | -487,762 | -292,081 | 2,694,356 | 2,369,440 | 468,312 | 569,129 | -718,238 | -349,154 | -52,573 | -236,636 | -7,619 | 137,705 | -66,630 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46,764 | 57,216 | 576,036 | 652,063 | 535,535 | ||
| Number Of Employees | 8 | 9 | 14 | 14 | 14 | ||||||||||
| EBITDA* | -1,010,807 | 1,190,456 | 20,800 | -74,118 | -333,147 | -547,419 | 668 | 616,509 | 7,093 | 32,415 | 2,739 | 25,442 | 108,762 | 145,708 | -62,600 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 14,155,971 | 8,728,509 | 7,062,687 | 7,556,452 | 7,759,126 | 4,117,723 | 2,321,238 | 1,850,299 | 2,190,095 | 2,870,015 | 3,345,269 | 3,189,668 | 2,799,880 | 2,607,900 | 2,272,563 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,155,971 | 8,728,509 | 7,062,687 | 7,556,452 | 7,759,126 | 4,117,723 | 2,321,238 | 1,850,299 | 2,190,095 | 2,870,015 | 3,345,269 | 3,189,668 | 2,799,880 | 2,607,900 | 2,272,563 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 9,750 | 174,625 | 143,741 | 314,022 | 487,455 | 451,931 | 309,492 | 360,648 | 695,332 |
| Group Debtors | 14,660 | 27,690 | 13,785 | 13,785 | 0 | 0 | 0 | 0 | 0 | 677,723 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 22,883 | 237,000 | 0 | 44,976 | 51,822 | 697,173 | 191,851 | 28,041 | 18,096 | 3,128 | 6,329 | 31,770 | 167,839 | 209,248 | 469,082 |
| Cash | 319,304 | 161,270 | 68,010 | 14,831 | 115,418 | 1,255,598 | 972,441 | 899,131 | 499,034 | 524,210 | 940,591 | 1,287,404 | 555,589 | 455,134 | 413,887 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 356,847 | 425,960 | 81,795 | 73,592 | 167,240 | 1,952,771 | 1,174,042 | 1,101,797 | 660,871 | 1,519,083 | 1,434,375 | 1,771,105 | 1,032,920 | 1,025,030 | 1,578,301 |
| total assets | 14,512,818 | 9,154,469 | 7,144,482 | 7,630,044 | 7,926,366 | 6,070,494 | 3,495,280 | 2,952,096 | 2,850,966 | 4,389,098 | 4,779,644 | 4,960,773 | 3,832,800 | 3,632,930 | 3,850,864 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,240 | 8,430 | 0 | 718 | 7,725 | 11,481 | 37,882 | 92,160 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 750,014 | 631,028 | 479,824 | 959,885 | 1,728,172 | 2,021,396 | 1,642,095 | 867,868 | 1,272,683 | 1,183,648 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,230 | 6,000 | 7,200 | 5,000 | 9,241 | 97,711 | 10,923 | 82,015 | 66,763 | 126,800 | 149,162 | 709,759 | 523,387 | 342,059 | 590,157 |
| total current liabilities | 8,230 | 6,000 | 7,200 | 5,000 | 9,241 | 847,725 | 641,951 | 567,079 | 1,035,078 | 1,854,972 | 2,171,276 | 2,359,579 | 1,402,736 | 1,652,624 | 1,865,965 |
| loans | 1,022,529 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,022,529 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,030,759 | 6,000 | 7,200 | 5,000 | 9,241 | 847,725 | 641,951 | 567,079 | 1,035,078 | 1,854,972 | 2,171,276 | 2,359,579 | 1,402,736 | 1,652,624 | 1,865,965 |
| net assets | 13,482,059 | 9,148,469 | 7,137,282 | 7,625,044 | 7,917,125 | 5,222,769 | 2,853,329 | 2,385,017 | 1,815,888 | 2,534,126 | 2,608,368 | 2,601,194 | 2,430,064 | 1,980,306 | 1,984,899 |
| total shareholders funds | 13,482,059 | 9,148,469 | 7,137,282 | 7,625,044 | 7,917,125 | 5,222,769 | 2,853,329 | 2,385,017 | 1,815,888 | 2,534,126 | 2,608,368 | 2,601,194 | 2,430,064 | 1,980,306 | 1,984,899 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,010,807 | 1,190,456 | 20,800 | -74,118 | -333,147 | -547,419 | 668 | 616,509 | 7,093 | 32,415 | 2,739 | 25,442 | 108,762 | 145,708 | -62,600 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -4,336 | 0 | 0 | 14,880 | 8,306 | -29,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -421 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -227,147 | 250,905 | -44,976 | 6,939 | -645,351 | 495,572 | -1,065 | 40,829 | -833,036 | 501,089 | 10,083 | 6,370 | -92,565 | -594,518 | 1,164,414 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -5,240 | -3,190 | 8,430 | -718 | -7,007 | -3,756 | -26,401 | -54,278 | 92,160 |
| Accruals and Deferred Income | 2,230 | -1,200 | 2,200 | -4,241 | -88,470 | 86,788 | -71,092 | 15,252 | -60,037 | -22,362 | -560,597 | 186,372 | 181,328 | -248,098 | 590,157 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -785,766 | 938,351 | 67,976 | -70,418 | 232,040 | -986,202 | -74,599 | 587,742 | 788,522 | -491,754 | -574,948 | 201,688 | 356,254 | 437,429 | -544,697 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 5,427,462 | 1,665,822 | -493,765 | -202,674 | 3,641,403 | 1,796,485 | 470,939 | -339,796 | -679,920 | -475,254 | 155,601 | 389,788 | 191,980 | 335,337 | 2,272,563 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -750,014 | 118,986 | 151,204 | -480,061 | -768,287 | -293,224 | 379,301 | 774,227 | -404,815 | 89,035 | 1,183,648 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,022,529 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -26,728 | -91 | 203 | -170 | -378 | 0 | -485 | 0 | -82 | -9,083 | -2,322 | -13,713 | -5,095 | -7,582 | -4,030 |
| cash flow from financing | 995,801 | -91 | 203 | -170 | -750,392 | 118,986 | 150,719 | -480,061 | -768,369 | -27,395 | 436,726 | 1,168,280 | 47,467 | -60,845 | 3,231,147 |
| cash and cash equivalents | |||||||||||||||
| cash | 158,034 | 93,260 | 53,179 | -100,587 | -1,140,180 | 283,157 | 73,310 | 400,097 | -25,176 | -416,381 | -346,813 | 731,815 | 100,455 | 41,247 | 413,887 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 158,034 | 93,260 | 53,179 | -100,587 | -1,140,180 | 283,157 | 73,310 | 400,097 | -25,176 | -416,381 | -346,813 | 731,815 | 100,455 | 41,247 | 413,887 |
innovation ulster limited Credit Report and Business Information
Innovation Ulster Limited Competitor Analysis
Perform a competitor analysis for innovation ulster limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mature companies, companies in BT15 area or any other competitors across 12 key performance metrics.
innovation ulster limited Ownership
INNOVATION ULSTER LIMITED group structure
Innovation Ulster Limited has 3 subsidiary companies.
Ultimate parent company
INNOVATION ULSTER LIMITED
NI033135
3 subsidiaries
innovation ulster limited directors
Innovation Ulster Limited currently has 5 directors. The longest serving directors include Mr Timothy Brundle (Dec 2007) and Professor Liam Maguire (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Brundle | 51 years | Dec 2007 | - | Director | |
| Professor Liam Maguire | Northern Ireland | 58 years | Apr 2021 | - | Director |
| Dr Kristel Miller | Northern Ireland | 41 years | Jul 2022 | - | Director |
| Professor James McLaughlin | Northern Ireland | 64 years | Jul 2022 | - | Director |
| Ms Elaine Hartin | Northern Ireland | 51 years | Oct 2022 | - | Director |
P&L
July 2023turnover
0
0%
operating profit
-1m
-185%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
13.5m
+0.47%
total assets
14.5m
+0.59%
cash
319.3k
+0.98%
net assets
Total assets minus all liabilities
innovation ulster limited company details
company number
NI033135
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 1997
age
27
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
uutech limited (February 2010)
last accounts submitted
July 2023
address
bd-004-09 york street, belfast, BT15 1ED
accountant
-
auditor
ERNST & YOUNG LLP
innovation ulster 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 innovation ulster limited.
innovation ulster limited Companies House Filings - See Documents
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