Company Overview
Nova Financial Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 05 May 2015, so this is a well established company. Nova Financial Ltd has been in business for 10 years and 10 months. The accounts status is total exemption full and the accounts are next due on Thursday 31 August 2023.
Registered Address

C/O Jt Maxwell Limited Unit 2.01 Hollinwood Business Centre, Albert Street Hollinwood, Failsworth, OL8 3QL
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Companies House Data
Company NameNOVA FINANCIAL LTD
Company Number09572880
Registered Office AddressC/O Jt Maxwell Limited Unit 2.01 Hollinwood Business Centre
 Albert Street Hollinwood
 OL8 3QL
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date05/05/2015
Accounting Reference Date Day30
Accounting Reference Date Month5
Accounts Next Due Date31/08/2023
Accounts Last Made Up Date31/05/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date02/06/2017
Returns Last Made Up Date05/05/2016
Directors & Members
Show Resigned
Paul Mahoney - Director
(British, 38 years old, born March 1988)
Appointed 05 May 2015
Active
Secretaries
No Secretaries Appointed
Balance Sheet Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Balance Sheet
Fixed Assets 667 889 1,185
Current Assets 95,600 35,538 25,193
Creditors Due Within One Year 60,952 12,427 5,365
Working Cap 34,648 23,111 19,828
Total Assets Less Current Liabilities 35,315 24,000 21,013
Long-term Liabilities 100 0 0
Net Assets 35,215 24,000 21,013
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 35,215 24,000 21,013
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Tangible Fixed Assets - - -
Fixed Assets 0.7% 2.4% 4.5%
Stocks Inventory - - -
Debtors 39.7% 81.3% 36.4%
Cash Bank In Hand 59.6% 16.3% 59.1%
Current Assets 99.3% 97.6% 95.5%
Creditors Due Within One Year 63.3% 34.1% 20.3%
Net Current Assets Liabilities 36.0% 63.4% 75.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 36.6% 65.9% 79.7%
Capital Employed - - -
Total Assets Less Current Liabilities 36.7% 65.9% 79.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Liquidity Ratio 1.6 2.9 4.7
Solvency Ratio 1.6 2.9 4.9
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Assets 96,267 36,427 26,378
Debt 61,052 12,427 5,365
Net Assets/Debt 35,215 24,000 21,013
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Liquidators' statement of receipts and payments to 14 March 2025
Registered office address changed from C/O Jt Maxwell Limited 169 Union Street Oldham OL1 1TD United Kingdom to C/O Jt Maxwell Limited Unit 2.01 Hollinwood Business Centre Albert Street Hollinwood Failsworth OL8 3QL on 13 November 2024
Registered office address changed from Level 24-25, the Shard 32 London Bridge St London SE1 9SG England to 169 Union Street Oldham OL1 1TD on 28 March 2024
Appointment of a voluntary liquidator
Resolutions
Statement of affairs
Confirmation statement made on 7 September 2023 with no updates
Termination of appointment of Stefan Vadamootoo as a director on 1 September 2022
Termination of appointment of Samuel James Parry as a director on 1 September 2022
Registered office address changed from Natwest Bank Chambers the Grove Ilkley West Yorkshire LS29 9LS England to Level 24-25, the Shard 32 London Bridge St London SE1 9SG on 30 August 2023
Current accounting period shortened from 31 May 2022 to 30 May 2022
Compulsory strike-off action has been discontinued
Confirmation statement made on 7 September 2022 with no updates
First Gazette notice for compulsory strike-off
Appointment of Mr Samuel James Parry as a director on 19 August 2022
Appointment of Mr Stefan Vadamootoo as a director on 19 August 2022
Registered office address changed from Accountancy House 90 Walworth Road London SE1 6SW England to Natwest Bank Chambers the Grove Ilkley West Yorkshire LS29 9LS on 6 July 2022
Confirmation statement made on 17 November 2021 with updates
Confirmation statement made on 23 July 2021 with no updates
Termination of appointment of Stefan Vadamootoo as a director on 28 October 2020
Termination of appointment of Samuel Parry as a director on 28 October 2020
Registered office address changed from Kemp House 160 City Road London EC1V 2NX United Kingdom to Accountancy House 90 Walworth Road London SE1 6SW on 28 July 2020
Confirmation statement made on 23 July 2020 with updates

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