Manufacture of electronic industrial process control equipment
Registered Address
6 edgewater road, belfast, BT3 9JQ
Website
-
inov8 systems limitedEstimated Valuation
£2.8m
Pomanda estimates the enterprise value of INOV8 SYSTEMS LIMITED at £2.8m based on a Turnover of £2.6m and 1.09x industry multiple (adjusted for size and gross margin).
inov8 systems limitedEstimated Valuation
£4.7m
Pomanda estimates the enterprise value of INOV8 SYSTEMS LIMITED at £4.7m based on an EBITDA of £785.5k and a 5.93x industry multiple (adjusted for size and gross margin).
inov8 systems limitedEstimated Valuation
£2.6m
Pomanda estimates the enterprise value of INOV8 SYSTEMS LIMITED at £2.6m based on Net Assets of £1m and 2.53x industry multiple (adjusted for liquidity).
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Inov8 Systems LimitedOverview
Inov8 Systems Limited is a live company located in belfast, BT3 9JQ with a Companies House number of NI638705. It operates in the manufacture of electronic industrial process control equipment sector, SIC Code 26512. Founded in May 2016, it's largest shareholder is
khalid thabeth
with a 33.4% stake. Inov8 Systems Limited is a young,
small sized company, Pomanda has estimated its turnover at
£2.6m with
high
growth in recent years.
Pomanda's financial health check has awarded Inov8 Systems Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
4 Regular
6 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£11.6m)
£2.6m - Inov8 Systems Limited
£11.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.3%)
23% - Inov8 Systems Limited
5.3% - Industry AVG
Production
with a gross margin of 37.9%, this company has a comparable cost of product (37.9%)
37.9% - Inov8 Systems Limited
37.9% - Industry AVG
Profitability
an operating margin of 11.8% make it more profitable than the average company (7.2%)
11.8% - Inov8 Systems Limited
7.2% - Industry AVG
Employees
with 19 employees, this is below the industry average (62)
19 - Inov8 Systems Limited
62 - Industry AVG
Pay Structure
on an average salary of £53.6k, the company has an equivalent pay structure (£53.6k)
£53.6k - Inov8 Systems Limited
£53.6k - Industry AVG
Efficiency
resulting in sales per employee of £134.9k, this is less efficient (£178k)
£134.9k - Inov8 Systems Limited
£178k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (62 days)
91 days - Inov8 Systems Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (33 days)
17 days - Inov8 Systems Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 70 days, this is in line with average (86 days)
70 days - Inov8 Systems Limited
86 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 19 weeks, this is average cash available to meet short term requirements (20 weeks)
19 weeks - Inov8 Systems Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.4%, this is a higher level of debt than the average (34.2%)
51.4% - Inov8 Systems Limited
34.2% - Industry AVG
INOV8 SYSTEMS LIMITED financials
EXPORT
Inov8 Systems Limited's latest turnover from December 2023 is estimated at £2.6 million and the company has net assets of £1 million. According to their latest financial statements, Inov8 Systems Limited has 19 employees and maintains cash reserves of £261.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Jun 2018
Jun 2017
Turnover
2,563,489
2,253,533
1,664,802
1,391,744
879,303
638,239
745,478
568,805
Other Income Or Grants
Cost Of Sales
1,592,337
1,366,105
1,030,553
887,873
560,958
423,523
483,687
365,814
Gross Profit
971,152
887,428
634,249
503,871
318,345
214,716
261,791
202,991
Admin Expenses
667,761
252,966
427,434
188,129
-338,505
508,845
409,873
293,793
Operating Profit
303,391
634,462
206,815
315,742
656,850
-294,129
-148,082
-90,802
Interest Payable
85,430
96,263
83,011
76,486
36,447
Interest Receivable
12,523
4,798
714
488
1,762
36
75
4
Pre-Tax Profit
230,484
542,998
124,519
239,743
622,165
-294,093
-148,007
-90,798
Tax
-57,621
-103,170
-23,659
-45,551
-118,211
Profit After Tax
172,863
439,828
100,860
194,192
503,954
-294,093
-148,007
-90,798
Dividends Paid
Retained Profit
172,863
439,828
100,860
194,192
503,954
-294,093
-148,007
-90,798
Employee Costs
1,018,593
907,532
746,900
580,901
430,621
236,679
188,980
178,278
Number Of Employees
19
18
15
12
9
5
4
4
EBITDA*
785,527
1,037,347
527,640
566,170
682,485
-290,323
-141,163
-86,971
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Jun 2018
Jun 2017
Tangible Assets
136,222
184,068
211,850
239,089
165,367
32,757
26,283
32,642
Intangible Assets
587,446
720,926
750,592
586,449
372,230
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
723,668
904,994
962,442
825,538
537,597
32,757
26,283
32,642
Stock & work in progress
308,297
391,877
386,997
234,825
96,450
28,500
Trade Debtors
643,189
548,136
271,372
257,698
108,165
Group Debtors
Misc Debtors
178,409
95,739
189,977
173,574
127,146
44,656
4,640
4,996
Cash
261,753
215,298
58,879
512,230
463,451
6,493
27,035
3,118
misc current assets
total current assets
1,391,648
1,251,050
907,225
1,178,327
795,212
79,649
31,675
8,114
total assets
2,115,316
2,156,044
1,869,667
2,003,865
1,332,809
112,406
57,958
40,756
Bank overdraft
83,012
Bank loan
Trade Creditors
76,495
97,758
65,515
15,000
81,338
Group/Directors Accounts
75,000
425,343
291,947
128,304
other short term finances
390,861
300,229
272,764
225,067
120,665
hp & lease commitments
other current liabilities
221,191
383,614
85,206
245,112
51,174
70,638
3,500
2,000
total current liabilities
688,547
781,601
581,497
485,179
253,177
495,981
295,447
130,304
loans
329,830
497,837
872,739
1,202,764
959,253
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
68,634
21,164
1,351
total long term liabilities
398,464
519,001
872,739
1,204,115
959,253
total liabilities
1,087,011
1,300,602
1,454,236
1,689,294
1,212,430
495,981
295,447
130,304
net assets
1,028,305
855,442
415,431
314,571
120,379
-383,575
-237,489
-89,548
total shareholders funds
1,028,305
855,442
415,431
314,571
120,379
-383,575
-237,489
-89,548
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Jun 2018
Jun 2017
Operating Activities
Operating Profit
303,391
634,462
206,815
315,742
656,850
-294,129
-148,082
-90,802
Depreciation
65,204
64,605
62,711
54,945
25,635
3,806
6,919
3,831
Amortisation
416,932
338,280
258,114
195,483
Tax
-57,621
-103,170
-23,659
-45,551
-118,211
Stock
-83,580
4,880
152,172
138,375
67,950
28,500
Debtors
177,723
182,526
30,077
195,961
190,655
39,660
-356
4,996
Creditors
-21,263
32,243
50,515
-66,338
81,338
Accruals and Deferred Income
-162,423
298,408
-159,906
193,938
-19,464
68,638
1,500
2,000
Deferred Taxes & Provisions
47,470
21,164
-1,351
1,351
Cash flow from operations
497,547
1,098,586
210,990
315,234
367,543
-289,845
-139,307
-89,967
Investing Activities
capital expenditure
-300,810
-345,437
-457,729
-538,369
-530,475
-3,921
-560
-36,473
Change in Investments
cash flow from investments
-300,810
-345,437
-457,729
-538,369
-530,475
-3,921
-560
-36,473
Financing Activities
Bank loans
Group/Directors Accounts
-75,000
75,000
-425,343
297,039
163,643
128,304
Other Short Term Loans
90,632
27,465
47,697
104,402
120,665
Long term loans
-168,007
-374,902
-330,025
243,511
959,253
Hire Purchase and Lease Commitments
other long term liabilities
share issue
183
66
66
1,250
interest
-72,907
-91,465
-82,297
-75,998
-34,685
36
75
4
cash flow from financing
-150,282
-513,719
-289,625
271,915
619,890
297,141
163,784
129,558
cash and cash equivalents
cash
46,455
156,419
-453,351
48,779
456,958
3,375
23,917
3,118
overdraft
-83,012
83,012
change in cash
46,455
239,431
-536,363
48,779
456,958
3,375
23,917
3,118
inov8 systems limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for inov8 systems limited. Get real-time insights into inov8 systems limited's credit score, group structure and payment trends.
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inov8 systems limited Ownership
INOV8 SYSTEMS LIMITED group structure
Inov8 Systems Limited has no subsidiary companies.
Ultimate parent company
INOV8 SYSTEMS LIMITED
NI638705
INOV8 SYSTEMS LIMITED Shareholders
The largest shareholders in Inov8 Systems Limited include Khalid Thabeth and Patricia Thabeth.
khalid thabeth
33.36%
patricia thabeth
33.36%
alfred raymond acheson
6.27%
pamela acheson
6.2%
daniel mcstay
4.2%
gerard cooke
3%
michal banachiewicz
2.2%
anthony tierney
2.2%
brian mccarville
1.53%
jonathan walsh
1.53%
inov8 systems limited directors
Inov8 Systems Limited currently has 6 directors.
The longest serving directors include
Mrs Patricia Thabeth (May 2016) and
Mr Khalid Thabeth (May 2016).
26512 - Manufacture of electronic industrial process control equipment
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
6 edgewater road, belfast, BT3 9JQ
Bank
-
Legal Advisor
-
inov8 systems 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 7 charges/mortgages relating to inov8 systems limited. Currently there are 7 open charges and 0 have been satisfied in the past.
inov8 systems limited 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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inov8 systems limitedCompanies House Filings - See Documents
