Novation Catering Ltd

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novation catering ltd Company Information

Live

MatureSmallHigh

Company Number

NI047924

Next Accounts

Jun 2025

Industry

Unlicensed restaurants and cafes

Directors

Simon Welby

Jo-Ann Welby

Shareholders

kenneth william welby

simon william welby

Group Structure

View All

Contact

Registered Address

12 causeway road, newcastle, county down, BT33 0DL

Website

cafecremenewcastle.com

novation catering ltd Estimated Valuation

£523.9k

Pomanda estimates the enterprise value of NOVATION CATERING LTD at £523.9k based on a Turnover of £916.4k and 0.57x industry multiple (adjusted for size and gross margin).

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Novation Catering Ltd is a live company located in county down, BT33 0DL with a Companies House number of NI047924. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in September 2003, it's largest shareholder is kenneth william welby with a 50% stake. Novation Catering Ltd is a mature, small sized company, Pomanda has estimated its turnover at £916.4k with high growth in recent years.

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

Health Rating4out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £916.4k, make it larger than the average company (£401.3k)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (11.5%)

EXPORT

Novation Catering Ltd's latest turnover from September 2023 is estimated at £916.4 thousand and the company has net assets of £134.7 thousand. According to their latest financial statements, Novation Catering Ltd has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	916,409	835,557	506,082	592,755	595,177	557,050	1,206,294	744,547	826,455	139,196	103,575	157,725	141,964	165,548	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	574,016	477,579	317,890	356,870	348,084	333,843	710,020	435,592	468,139	78,608	57,574	87,430	77,299	81,820	0
Gross Profit	342,393	357,978	188,192	235,885	247,093	223,207	496,274	308,954	358,317	60,588	46,001	70,296	64,665	83,728	0
Admin Expenses	362,390	356,755	127,192	200,871	252,444	234,394	507,668	279,008	321,092	41,770	16,976	69,156	-67	96,208	24,770
Operating Profit	-19,997	1,223	61,000	35,014	-5,351	-11,187	-11,394	29,946	37,225	18,818	29,025	1,140	64,732	-12,480	-24,770
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	90	125	276	311	195	158	169	222	120
Pre-Tax Profit	-19,997	1,223	61,000	35,014	-5,351	-11,187	-11,304	30,071	37,501	19,129	29,219	1,299	64,901	-12,258	-24,650
Tax	0	-232	-11,590	-6,653	0	0	0	-6,014	-7,500	-4,017	-6,720	-312	-16,874	0	0
Profit After Tax	-19,997	991	49,410	28,361	-5,351	-11,187	-11,304	24,057	30,001	15,112	22,499	987	48,027	-12,258	-24,650
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-19,997	991	49,410	28,361	-5,351	-11,187	-11,304	24,057	30,001	15,112	22,499	987	48,027	-12,258	-24,650
Employee Costs	114,004	113,729	98,310	101,128	106,726	104,646	295,841	177,495	179,649	38,168	28,689	39,220	39,405	40,096	0
Number Of Employees	10	10	9	9	10	10	28	18	18	4	3	4	4	4	0
EBITDA*	-19,997	1,223	61,000	35,014	-5,351	-11,187	-11,394	40,615	52,889	35,682	46,785	18,689	80,242	95,108	68,531

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	11,136	12,565	11,896	13,406	14,982	18,158	7,318	38,988	49,657	65,321	80,781	96,419	92,631	72,250	62,148
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	70,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	11,136	12,565	11,896	13,406	14,982	18,158	7,318	38,988	49,657	65,321	80,781	96,419	92,631	72,250	132,148
Stock & work in progress	0	0	0	0	0	0	0	4,900	4,900	4,900	4,970	6,000	5,760	5,550	6,470
Trade Debtors	218,823	244,504	249,329	154,199	117,406	120,010	143,956	87,156	88,596	0	0	8,067	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	72,342	27,494	82,893	41,396	36,496	26,813	40,971	47,910
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	218,823	244,504	249,329	154,199	117,406	120,010	143,956	164,398	120,990	87,793	46,366	50,563	32,573	46,521	54,380
total assets	229,959	257,069	261,225	167,605	132,388	138,168	151,274	203,386	170,647	153,114	127,147	146,982	125,204	118,771	186,528
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	72,972	70,153	63,157	63,311	56,455	56,884	58,803	99,609	90,927	103,395	92,540	134,874	114,083	155,677	97,661
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	72,972	70,153	63,157	63,311	56,455	56,884	58,803	99,609	90,927	103,395	92,540	134,874	114,083	155,677	97,661
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	22,289	32,221	44,364	0	0	0	0	0	0	0	0	0	0	0	113,515
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	22,289	32,221	44,364	0	0	0	0	0	0	0	0	0	0	0	113,515
total liabilities	95,261	102,374	107,521	63,311	56,455	56,884	58,803	99,609	90,927	103,395	92,540	134,874	114,083	155,677	211,176
net assets	134,698	154,695	153,704	104,294	75,933	81,284	92,471	103,777	79,720	49,719	34,607	12,108	11,121	-36,906	-24,648
total shareholders funds	134,698	154,695	153,704	104,294	75,933	81,284	92,471	103,777	79,720	49,719	34,607	12,108	11,121	-36,906	-24,648

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-19,997	1,223	61,000	35,014	-5,351	-11,187	-11,394	29,946	37,225	18,818	29,025	1,140	64,732	-12,480	-24,770
Depreciation	0	0	0	0	0	0	0	10,669	15,664	16,864	17,760	17,549	15,510	37,588	9,966
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	70,000	83,335
Tax	0	-232	-11,590	-6,653	0	0	0	-6,014	-7,500	-4,017	-6,720	-312	-16,874	0	0
Stock	0	0	0	0	0	0	-4,900	0	0	-70	-1,030	240	210	-920	6,470
Debtors	-25,681	-4,825	95,130	36,793	-2,604	-23,946	56,800	-1,440	88,596	0	-8,067	8,067	0	0	0
Creditors	2,819	6,996	-154	6,856	-429	-1,919	-40,806	8,682	-12,468	10,855	-42,334	20,791	-41,594	58,016	97,661
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	8,503	12,812	-45,874	-1,576	-3,176	10,840	-104,100	44,723	-55,675	42,590	6,828	30,861	21,564	154,044	159,722
Investing Activities
capital expenditure	1,429	-669	1,510	1,576	3,176	-10,840	31,670	0	0	-1,404	-2,122	-21,337	-35,891	-47,690	-225,449
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,429	-669	1,510	1,576	3,176	-10,840	31,670	0	0	-1,404	-2,122	-21,337	-35,891	-47,690	-225,449
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	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	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	-9,932	-12,143	44,364	0	0	0	0	0	0	0	0	0	0	-113,515	113,515
share issue	0	0	0	0	0	0	-2	0	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	90	125	276	311	195	158	169	222	120
cash flow from financing	-9,932	-12,143	44,364	0	0	0	88	125	276	311	195	158	169	-113,293	113,637
cash and cash equivalents
cash	0	0	0	0	0	0	-72,342	44,848	-55,399	41,497	4,900	9,683	-14,158	-6,939	47,910
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-72,342	44,848	-55,399	41,497	4,900	9,683	-14,158	-6,939	47,910

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NOVATION CATERING LTD group structure

Novation Catering Ltd has 1 subsidiary company.

Ultimate parent company

NOVATION CATERING LTD

NI047924

1 subsidiary

LICKGELATO LTD

NI630633

NOVATION CATERING LTD Shareholders

kenneth william welby	50%
simon william welby	50%

Novation Catering Ltd currently has 2 directors. The longest serving directors include Mr Simon Welby (Sep 2003) and Mrs Jo-Ann Welby (Oct 2021).

officer	country	age	start	end	role
Mr Simon Welby		51 years	Sep 2003	-	Director
Mrs Jo-Ann Welby		47 years	Oct 2021	-	Director

P&L

September 2023

turnover

916.4k

+10%

operating profit

-20k

gross margin

37.4%

-12.79%

turnover

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

Balance Sheet

September 2023

net assets

134.7k

-0.13%

total assets

230k

-0.11%

cash

net assets

Total assets minus all liabilities

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company number

NI047924

Type

Private limited with Share Capital

industry

56102 - Unlicensed restaurants and cafes

incorporation date

September 2003

ultimate parent company

None

previous names

N/A

address

12 causeway road, newcastle, county down, BT33 0DL

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novation catering ltd Company Information

novation catering ltd Estimated Valuation

novation catering ltd Estimated Valuation

novation catering ltd Estimated Valuation

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NOVATION CATERING LTD financials

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