Pomanda estimates the enterprise value of NOVA INNOVATION LTD at £2m based on a Turnover of £3.1m and 0.64x industry multiple (adjusted for size and gross margin).
nova innovation ltdEstimated Valuation
£15.9m
Pomanda estimates the enterprise value of NOVA INNOVATION LTD at £15.9m based on an EBITDA of £3.8m and a 4.24x industry multiple (adjusted for size and gross margin).
nova innovation ltdEstimated Valuation
£44.4m
Pomanda estimates the enterprise value of NOVA INNOVATION LTD at £44.4m based on Net Assets of £22m and 2.02x industry multiple (adjusted for liquidity).
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Nova Innovation LtdOverview
Nova Innovation Ltd is a live company located in edinburgh, EH6 6QH with a Companies House number of SC358996. It operates in the manufacture of engines and turbines, except aircraft, vehicle and cycle engines sector, SIC Code 28110. Founded in May 2009, it's largest shareholder is
david simon forrest
with a 29.6% stake. Nova Innovation Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£3.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Nova Innovation Ltd a 5 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 Rating5out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£10.3m)
£3.1m - Nova Innovation Ltd
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.9%)
19% - Nova Innovation Ltd
6.9% - Industry AVG
Production
with a gross margin of 36.2%, this company has a comparable cost of product (36.2%)
36.2% - Nova Innovation Ltd
36.2% - Industry AVG
Profitability
an operating margin of 110.6% make it more profitable than the average company (5%)
110.6% - Nova Innovation Ltd
5% - Industry AVG
Employees
with 39 employees, this is below the industry average (58)
39 - Nova Innovation Ltd
58 - Industry AVG
Pay Structure
on an average salary of £56k, the company has an equivalent pay structure (£56k)
£56k - Nova Innovation Ltd
£56k - Industry AVG
Efficiency
resulting in sales per employee of £79k, this is less efficient (£195.3k)
£79k - Nova Innovation Ltd
£195.3k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (59 days)
20 days - Nova Innovation Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (40 days)
5 days - Nova Innovation Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Nova Innovation Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 151 weeks, this is more cash available to meet short term requirements (18 weeks)
151 weeks - Nova Innovation Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.4%, this is a lower level of debt than the average (55.9%)
6.4% - Nova Innovation Ltd
55.9% - Industry AVG
NOVA INNOVATION LTD financials
EXPORT
Nova Innovation Ltd's latest turnover from December 2023 is estimated at £3.1 million and the company has net assets of £22 million. According to their latest financial statements, Nova Innovation Ltd has 39 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Turnover
3,082,405
2,735,403
1,626,364
1,824,959
1,786,128
2,121,751
1,529,896
1,049,329
2,782,806
425,234
58,569
61,544
188,566
Other Income Or Grants
Cost Of Sales
1,968,092
1,752,129
1,034,152
1,146,308
1,091,008
1,295,305
910,018
627,310
1,688,792
256,466
34,670
37,600
112,668
Gross Profit
1,114,314
983,273
592,212
678,651
695,121
826,446
619,878
422,018
1,094,014
168,768
23,899
23,945
75,898
Admin Expenses
-2,294,125
-2,250,492
-1,060,142
-2,183,967
-53,736
-1,925,835
-208,825
556,507
977,181
609,854
13,691
-48,269
104,252
Operating Profit
3,408,439
3,233,765
1,652,354
2,862,618
748,857
2,752,281
828,703
-134,489
116,833
-441,086
10,208
72,214
-28,354
Interest Payable
5,681
5,260
Interest Receivable
163,538
78,706
2,300
2,540
12,894
21,063
5,723
651
1,315
922
157
104
32
Pre-Tax Profit
3,571,977
3,312,472
1,654,654
2,865,158
761,751
2,767,663
829,167
-133,838
118,148
-440,164
10,365
72,318
-28,322
Tax
-892,994
-629,370
-314,384
-544,380
-144,733
-525,856
-157,542
-23,629
-2,384
-17,356
Profit After Tax
2,678,983
2,683,102
1,340,270
2,320,778
617,018
2,241,807
671,625
-133,838
94,518
-440,164
7,981
54,962
-28,322
Dividends Paid
Retained Profit
2,678,983
2,683,102
1,340,270
2,320,778
617,018
2,241,807
671,625
-133,838
94,518
-440,164
7,981
54,962
-28,322
Employee Costs
2,183,807
1,912,054
1,393,739
1,379,593
1,491,312
1,722,674
1,092,201
764,390
931,465
134,993
41,549
40,724
77,444
Number Of Employees
39
36
30
29
31
35
24
17
20
3
1
1
2
EBITDA*
3,756,886
3,554,447
2,593,274
3,244,726
2,090,664
3,140,543
902,338
-120,752
125,032
-434,758
11,913
73,829
-27,291
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Tangible Assets
21,271
26,469
325,959
693,884
1,057,785
1,438,633
1,817,176
25,304
14,012
14,584
5,440
6,189
5,983
Intangible Assets
17,215,804
14,756,216
10,652,078
9,604,860
6,809,532
5,777,913
2,466,842
2,358,552
1,343,639
118,394
12,009
12,009
12,009
Investments & Other
4,090
2,090
1,090
1,090
7
7
Debtors (Due After 1 year)
Total Fixed Assets
17,241,165
14,784,775
10,979,127
10,299,834
7,867,324
7,216,553
4,284,018
2,383,856
1,357,651
132,978
17,449
18,198
17,992
Stock & work in progress
Trade Debtors
170,605
100,211
44,164
1,394
2,698
6,629
76,758
311
511,091
90,632
3,769
3,240
11,071
Group Debtors
1,496,724
2,501,502
Misc Debtors
1,278,480
906,030
2,333,555
521,159
492,173
291,611
320,217
369,726
Cash
3,323,179
2,906,856
1,590,657
3,009,671
2,070,581
1,367,775
4,249,094
329,571
191,000
335,000
33,916
28,968
12,775
misc current assets
total current assets
6,268,988
6,414,599
3,968,376
3,532,224
2,565,452
1,666,015
4,646,069
699,608
702,091
425,632
37,685
32,208
23,846
total assets
23,510,153
21,199,374
14,947,503
13,832,058
10,432,776
8,882,568
8,930,087
3,083,464
2,059,742
558,610
55,134
50,406
41,838
Bank overdraft
Bank loan
Trade Creditors
29,645
181,881
106,998
250,948
104,069
159,470
132,535
147,322
344,764
38,150
19,513
22,766
69,160
Group/Directors Accounts
2,441,546
other short term finances
hp & lease commitments
other current liabilities
1,110,862
1,076,904
1,436,568
500,314
218,371
238,430
2,438,650
total current liabilities
1,140,507
1,258,785
1,543,566
751,262
322,440
1,407,767
2,574,081
2,585,972
344,764
38,150
19,513
22,766
69,160
loans
168,321
hp & lease commitments
Accruals and Deferred Income
75,258
68,231
3,215,878
3,811,053
3,909,109
3,010,362
4,468,374
106,485
other liabilities
128,478
385,431
935,858
1,357,812
1,779,770
660,000
656,679
1,500,000
400,000
provisions
162,000
162,000
total long term liabilities
365,736
615,662
4,151,736
5,168,865
5,688,879
3,670,362
5,293,374
106,485
1,500,000
400,000
total liabilities
1,506,243
1,874,447
5,695,302
5,920,127
6,011,319
5,078,129
7,867,455
2,692,457
1,844,764
438,150
19,513
22,766
69,160
net assets
22,003,910
19,324,927
9,252,201
7,911,931
4,421,457
3,804,439
1,062,632
391,007
214,978
120,460
35,621
27,640
-27,322
total shareholders funds
22,003,910
19,324,927
9,252,201
7,911,931
4,421,457
3,804,439
1,062,632
391,007
214,978
120,460
35,621
27,640
-27,322
Dec 2023
Dec 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Operating Activities
Operating Profit
3,408,439
3,233,765
1,652,354
2,862,618
748,857
2,752,281
828,703
-134,489
116,833
-441,086
10,208
72,214
-28,354
Depreciation
14,024
320,682
377,651
382,108
380,848
388,262
73,635
13,737
8,199
6,328
1,705
1,615
1,063
Amortisation
334,423
563,269
960,959
Tax
-892,994
-629,370
-314,384
-544,380
-144,733
-525,856
-157,542
-23,629
-2,384
-17,356
Stock
Debtors
-561,934
1,130,024
1,855,166
27,682
196,631
-98,735
26,938
-141,054
420,459
86,863
529
-7,831
11,071
Creditors
-152,236
74,883
-143,950
146,879
-55,401
26,935
-14,787
-197,442
306,614
18,637
-3,253
-46,394
69,160
Accruals and Deferred Income
40,985
-3,507,311
341,079
183,887
878,688
-1,219,582
1,923,239
2,545,135
Deferred Taxes & Provisions
162,000
Cash flow from operations
3,314,575
-1,475,375
620,853
3,003,430
2,572,587
1,520,775
2,626,310
2,367,995
-12,442
-502,984
5,747
17,910
30,798
Investing Activities
capital expenditure
-2,802,837
-4,125,330
-1,620,213
-2,813,535
-1,992,578
-3,320,790
-1,973,797
-1,039,942
-1,232,872
-121,857
-956
-1,821
-19,055
Change in Investments
2,000
1,000
1,083
7
cash flow from investments
-2,804,837
-4,126,330
-1,620,213
-2,814,618
-1,992,578
-3,320,797
-1,973,797
-1,039,942
-1,232,872
-121,857
-956
-1,821
-19,055
Financing Activities
Bank loans
Group/Directors Accounts
-2,441,546
2,441,546
Other Short Term Loans
Long term loans
-168,321
168,321
Hire Purchase and Lease Commitments
other long term liabilities
-256,953
-550,427
-421,954
-421,958
1,119,770
3,321
656,679
-1,500,000
1,100,000
400,000
share issue
7,389,624
1,169,696
500,000
309,867
525,003
1,000
interest
163,538
78,706
2,300
2,540
12,894
15,382
463
651
1,315
922
157
104
32
cash flow from financing
-93,415
6,917,903
-419,654
750,278
1,132,664
-2,091,164
3,267,009
-1,189,482
1,101,315
925,925
157
104
1,032
cash and cash equivalents
cash
416,323
1,316,199
-1,419,014
939,090
702,806
-2,881,319
3,919,523
138,571
-144,000
301,084
4,948
16,193
12,775
overdraft
change in cash
416,323
1,316,199
-1,419,014
939,090
702,806
-2,881,319
3,919,523
138,571
-144,000
301,084
4,948
16,193
12,775
nova innovation ltd 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 nova innovation ltd. Get real-time insights into nova innovation ltd's credit score, group structure and payment trends.
Perform a competitor analysis for nova innovation ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in EH6 area or any other competitors across 12 key performance metrics.
33200 - Installation of industrial machinery and equipment
28110 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
incorporation date
May 2009
age
16
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
MHA
auditor
-
address
45 timber bush, edinburgh, EH6 6QH
Bank
-
Legal Advisor
-
nova innovation ltd 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 3 charges/mortgages relating to nova innovation ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
nova innovation ltd 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.
Click to start generating capital raising & share issue transactions for NOVA INNOVATION LTD. This can take several minutes, an email will notify you when this has completed.
nova innovation ltdCompanies House Filings - See Documents
