NOVATECH LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -11.6%

  £34,947,073 → £30,901,750

• Cash

  -62%

  £4,941,930 → £1,879,293

• Net assets

  -7.4%

  £7,799,037 → £7,225,363

• Employees

  -1.1%

  92 → 91

• Operating profit

  -74%

  £2,727,582 → £709,284

• Profit before tax

  -74.6%

  £2,663,717 → £675,992

• Wages

  -5.6%

  £3,983,086 → £3,761,068

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. NOVATECH LIMITED 2005-05-19 → present
2. NOVATECH DIRECT LIMITED 1998-09-09 → 2005-05-19
3. NOVATECH DIRECT COMPUTER SUPPLIES LIMITED 1991-04-25 → 1998-09-09

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering all of the above factors, the directors have a reasonable expectation that the company has sufficient access to adequate resources to continue in operational existence for the foreseeable future, and for at least the period of twelve months following the date of approval of the financial statements. The directors therefore consider it appropriate to adopt the going concern principle in preparing the financial statements.”

Significant events

• “Remote IT device logistics saw revenue growth and we now see this as being the major growth driver for the business in the coming years.”
• “Other parts of the business, particularly those where the majority of the business consists of large individual contracts, did not do so well and saw revenue declines.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.