nova innovation ltd
nova innovation ltd Company Information
Company Number
SC358996
Website
www.novainnovation.comRegistered Address
45 timber bush, edinburgh, EH6 6QH
Industry
Other research and experimental development on natural sciences and engineering
Telephone
01312412000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
gary connor 29.6%
david simon forrest 29.6%
View Allnova innovation ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA INNOVATION LTD at £2m based on a Turnover of £2.1m and 0.95x industry multiple (adjusted for size and gross margin).
nova innovation ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA INNOVATION LTD at £15.3m based on an EBITDA of £3.6m and a 4.29x industry multiple (adjusted for size and gross margin).
nova innovation ltd Estimated Valuation
Pomanda estimates the enterprise value of NOVA INNOVATION LTD at £44.5m based on Net Assets of £19.3m and 2.3x industry multiple (adjusted for liquidity).
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Nova Innovation Ltd Overview
Nova Innovation Ltd is a live company located in edinburgh, EH6 6QH with a Companies House number of SC358996. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in May 2009, it's largest shareholder is gary connor with a 29.6% stake. Nova Innovation Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.
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Nova Innovation Ltd Health Check
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 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£4.4m)
- Nova Innovation Ltd
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.8%)
- Nova Innovation Ltd
3.8% - Industry AVG
Production
with a gross margin of 46.9%, this company has a comparable cost of product (46.9%)
- Nova Innovation Ltd
46.9% - Industry AVG
Profitability
an operating margin of 152.7% make it more profitable than the average company (4.6%)
- Nova Innovation Ltd
4.6% - Industry AVG
Employees
with 36 employees, this is below the industry average (48)
36 - Nova Innovation Ltd
48 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has an equivalent pay structure (£60.6k)
- Nova Innovation Ltd
£60.6k - Industry AVG
Efficiency
resulting in sales per employee of £58.8k, this is less efficient (£108.1k)
- Nova Innovation Ltd
£108.1k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (53 days)
- Nova Innovation Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (48 days)
- Nova Innovation Ltd
48 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 120 weeks, this is more cash available to meet short term requirements (36 weeks)
120 weeks - Nova Innovation Ltd
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.8%, this is a lower level of debt than the average (44.4%)
8.8% - Nova Innovation Ltd
44.4% - Industry AVG
nova innovation ltd Credit Report and Business Information
Nova Innovation Ltd Competitor Analysis
Perform a competitor analysis for nova innovation ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
nova innovation ltd Ownership
NOVA INNOVATION LTD group structure
Nova Innovation Ltd has 5 subsidiary companies.
Ultimate parent company
NOVA INNOVATION LTD
SC358996
5 subsidiaries
nova innovation ltd directors
Nova Innovation Ltd currently has 6 directors. The longest serving directors include Dr David Forrest (May 2009) and Dr Gary Connor (May 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr David Forrest | Scotland | 54 years | May 2009 | - | Director |
| Dr Gary Connor | Scotland | 50 years | May 2009 | - | Director |
| Mr John Meagher | Scotland | 48 years | Oct 2013 | - | Director |
| Sir Michael Fallon | United Kingdom | 72 years | Jan 2021 | - | Director |
| Mr Christopher Phillips | United Kingdom | 74 years | Jan 2021 | - | Director |
| Mr Brian Aird | United Kingdom | 57 years | Jan 2021 | - | Director |
NOVA INNOVATION LTD financials
Nova Innovation Ltd's latest turnover from December 2022 is estimated at £2.1 million and the company has net assets of £19.3 million. According to their latest financial statements, Nova Innovation Ltd has 36 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 36 | 30 | 29 | 31 | 35 | 24 | 17 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 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 | 0 |
| Intangible Assets | 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 | 0 |
| Investments & Other | 2,090 | 1,090 | 1,090 | 7 | 7 | 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 |
| Total Fixed Assets | 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 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 100,211 | 44,164 | 1,394 | 2,698 | 6,629 | 76,758 | 311 | 511,091 | 90,632 | 3,769 | 3,240 | 11,071 | 0 |
| Group Debtors | 2,501,502 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 906,030 | 2,333,555 | 521,159 | 492,173 | 291,611 | 320,217 | 369,726 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 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 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 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 | 0 |
| total assets | 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 | 0 |
| Bank overdraft | 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 |
| Trade Creditors | 181,881 | 106,998 | 250,948 | 104,069 | 159,470 | 132,535 | 147,322 | 344,764 | 38,150 | 19,513 | 22,766 | 69,160 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 2,441,546 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 1,076,904 | 1,436,568 | 500,314 | 218,371 | 238,430 | 0 | 2,438,650 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 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 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 168,321 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 68,231 | 3,215,878 | 3,811,053 | 3,909,109 | 3,010,362 | 4,468,374 | 106,485 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 385,431 | 935,858 | 1,357,812 | 1,779,770 | 660,000 | 656,679 | 0 | 1,500,000 | 400,000 | 0 | 0 | 0 | 0 |
| provisions | 162,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 615,662 | 4,151,736 | 5,168,865 | 5,688,879 | 3,670,362 | 5,293,374 | 106,485 | 1,500,000 | 400,000 | 0 | 0 | 0 | 0 |
| total liabilities | 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 | 0 |
| net assets | 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 | 0 |
| total shareholders funds | 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 | 0 |
| 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 | |||||||||||||
| Depreciation | 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 | 563,269 | 0 | 960,959 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 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 | 0 |
| Creditors | 74,883 | -143,950 | 146,879 | -55,401 | 26,935 | -14,787 | -197,442 | 306,614 | 18,637 | -3,253 | -46,394 | 69,160 | 0 |
| Accruals and Deferred Income | -3,507,311 | 341,079 | 183,887 | 878,688 | -1,219,582 | 1,923,239 | 2,545,135 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 162,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 1,000 | 0 | 1,083 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -2,441,546 | 2,441,546 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -168,321 | 168,321 | 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 |
| other long term liabilities | -550,427 | -421,954 | -421,958 | 1,119,770 | 3,321 | 656,679 | -1,500,000 | 1,100,000 | 400,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 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 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 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 | 0 |
P&L
December 2022turnover
2.1m
+38%
operating profit
3.2m
0%
gross margin
46.9%
-0.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
19.3m
+1.09%
total assets
21.2m
+0.42%
cash
2.9m
+0.83%
net assets
Total assets minus all liabilities
Similar Companies
nova innovation ltd company details
company number
SC358996
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
May 2009
age
15
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
45 timber bush, edinburgh, EH6 6QH
last accounts submitted
December 2022
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 Companies House Filings - See Documents
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