Employee Costs (2016) Salary Health

Architects
Part I Architect Assistant 20000 1200
Part II Architect Assistant 25000 1200
Part II (Experienced) 29000 1200
Recently qualified (0-2 yrs) 35000 1200
Senior Architect 45000 1200
Shareholdiong Director 55000 1200
Secretarial 21000 1200
Office Administraor 23000 1200
Office Manager 30000 1200
Operations Manager 35000 1200
Accounts Clerk 25000 1200

Staffing Variables
Number of Months - Partner Architect
Refurb Project 6.00
New Build Project 12.00
Number of Staff per Partner Architect
Architects
Part I Architect Assistant 0.25
Part II Architect Assistant 0.25
Part II (Experienced) 0.50
Recently qualified (0-2 yrs) 0.25
Senior Architect 0.25
Secretarial 0.30
Office Administraor 0.20
Office Manager 0.20
Operations Manager 0.20
Accounts Clerk 0.20

2024 / 25 2026
Revenues
Average fees for Refurb Project 150000 153750
Average fees for Newbuild Project 300000 307500
Averagee Equipment Sale per Project 150000 153750
Commison / Margin on Equipment Sale 15% 15%
Average revenue on Equipment Sale per Projec 22500 23063

2024 / 25 2026
Annual Inflation / CPI (Consumer Price index) 2.50% 2.50%
Base Interests rates 2.00% 2.00%
Business Lending Rates 15% 12%

Bad Debt Provision (% of revenue) 3% 3%

Refurb
Contract Invcing & Payment Terms Month Amount
1st Payment month & amount 0 30%
2nd Payment month & amount 3 30%
3rd Payment month & amount 6 30%
Retention Paymnet month & amount 9 10%

Staff Lease/Asset Costs Office IT Month Lease

Technical 1200 250
Non- Technical 1200 150

Office Equipment Leasing per Month- Year 1 500

Office Equipment Leasing per Month- Year 2 1000
Office Equipment Leasing per Month- Year 3 1500
2017 2018
Office Sapce Reqired (sq ft) 8000
Expected Rental rate / sq ft / year 19.50 19.99
QTR rental 52000
Estimate per QTR for Rates 3000 3075.00
Total per QTR 55000

Number of Founding Directors 6

Iniital investment per Director 15000

One -Off Set Up Costs

Deposit on Office 5000
Legal - Iniitial contracts 5000
Bank Overdraft / loan set up 3000
PensionTraining & Seminars Annual S/W License Total Inc NIC

1000 500 700 25430

1250 500 700 31405
1450 500 700 36184
1750 1000 700 43854
2250 1500 700 56303
2750 1500 700 68252
1050 500 300 26225
1150 500 300 28615
1500 500 300 36979
1750 500 300 42954
1250 500 700 31405

2027

157594
315188
157594
15%
23639

2027
2.50%
 2.00%
10%

3%

Newbuild
Month Amount
0 30%
6 30%
12 30%
18 10%

IT Purchase
5000
2000

2019 2020 2021 2022

20.49 21.00 21.52 22.06

3151.88 3230.67 3311.44 3394.22

Quarterly CostQuarterly CostQuarterly Cost
2024 / 25 2026 2027

6358 6516 6679

7851 8048 8249
9046 9272 9504
10964 11238 11519
14076 14428 14788
17063 17490 17927
6556 6720 6888
7154 7333 7516
9245 9476 9713
10739 11007 11282
7851 8048 8249
 2023 2024

22.61 23.18
61812
3479.08 3566.06
65378
Role Q3 24 Q4 24 Q1 25
Architects
Part I Architect Assistant 0.5
Part II Architect Assistant 0.5
Part II (Experienced) 1
Recently qualified (0-2 yrs) 0.5
Senior Architect 0.5
Shareholding Director 1 1 2
Secretarial 1 0.6
Office Administrator 0.4
Office Manager 0.4
Operations Manager 0.4
Accounts Clerk 0.4

Total headcount: 1 2 7

Technical 1 1 5
Office/Non-Technical 0 1 2

New In in QTR
Technical 1 0 4
Office/Non-Technical 0 1 1

Staff Costs
Set Up 1200 1200 6240
Monthly Leasing 250 1200 4740
 Number of Staff per role / cost category
Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26

0.75 0.75 1 1.25 1.5 1.75

0.75 0.75 1 1.25 1.5 1.75
1.5 1.5 2 2.5 3 3.5
0.75 0.75 1 1.25 1.5 1.75
0.75 0.75 1 1.25 1.5 1.75
3 3 4 5 6 7
0.9 0.9 1.2 1.5 1.8 2.1
0.6 0.6 0.8 1 1.2 1.4
0.6 0.6 0.8 1 1.2 1.4
0.6 0.6 0.8 1 1.2 1.4
0.6 0.6 0.8 1 1.2 1.4

11 11 14 18 22 25

8 8 10 13 15 18
3 3 4 6 7 8

3 0 3 3 3 3
1 0 1 1 1 1

4320 0 4320 4320 4320 4320

7110 7110 9480 11850 14220 16590
ory
Q4 26 Q1 27 Q2 27 Q3 27 Q4 27

2 2.5 2.75 3 3.25

2 2.5 2.75 3 3.25
4 5 5.5 6 6.5
2 2.5 2.75 3 3.25
2 2.5 2.75 3 3.25
8 10 11 12 13
2.4 3 3.3 3.6 3.9
1.6 2 2.2 2.4 2.6
1.6 2 2.2 2.4 2.6
1.6 2 2.2 2.4 2.6
1.6 2 2.2 2.4 2.6

29 36 40 43 47

20 25 28 30 33
9 11 12 13 14

3 5 3 3 3
1 2 1 1 1

4320 8640 4320 4320 4320

18960 23700 26070 28440 30810
 Staff Costs per
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25

0 0 3179 4768 4768 6358

0 0 3926 5888 5888 7851
0 0 9046 13569 13569 18092
0 0 5482 8223 8223 10964
0 0 7038 10557 10557 14076
5688 17063 34126 51189 51189 68252
0 6556 3934 5901 5901 7868
0 0 2862 4292 4292 5723
0 0 3698 5547 5547 7396
0 0 4295 6443 6443 8591
0 0 3141 4711 4711 6281

5688 23619 80725 121088 121088 161450

Staff Costs per role / cost category
Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27

8146 9775 11404 13033 16698 18368

10059 12071 14083 16095 20622 22684
23180 27816 32453 37089 47520 52272
14047 16856 19666 22475 28796 31676
18035 21641 25248 28855 36971 40668
87448 104937 122427 139917 179268 197195
10080 12096 14112 16128 20664 22731
7333 8799 10266 11732 15032 16535
9476 11371 13266 15161 19426 21368
11007 13208 15410 17611 22564 24821
7851 9657 11267 12876 16497 18147

206662 248230 289601 330973 424059 466465

Q3 27 Q4 27

20038 21708
24746 26808
57024 61776
34556 37435
44365 48062
215122 233049
24797 26864
18038 19541
23311 25253
27077 29334
19797 21447

508871 551276
Item Q3 24 Q4 24 Q1 25
New Office Equipment Purchases 1200 1200 6240
New IT Purchases

Cumulative Office Assets at Purchase Valu 1200 1200 7440

Cumulative IT Equipment at Purchase Valu 0 0 0

Total Asset Value at Purchase Price 1200 1200 7440

Depreciation this QTR

Office Equipment 30 30 186
IT Equipment 0 0 0
Total 30 30 186

Cumulative Depreciation
Office Equipment 30 60 246
IT Equipment 0 0 0
Total 30 60 246

Net Written Down Value

Office Equipment 1170 1140 7194
IT Equipment 0 0 0
Total 1170 1140 7194
Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26
4320 0 4320 4320 4320 4320

11760 11760 16080 20400 24720 29040

0 0 0 0 0 0

11760 11760 16080 20400 24720 29040

294 294 402 510 618 726

0 0 0 0 0 0
294 294 402 510 618 726

540 834 1236 1746 2364 3090

0 0 0 0 0 0
540 834 1236 1746 2364 3090

11220 10926 14844 18654 22356 25950

0 0 0 0 0 0
11220 10926 14844 18654 22356 25950
Q4 26 Q1 27 Q2 27 Q3 27 Q4 27
4320 8640 4320 4320 4320

33360 42000 46320 50640 54960

0 0 0 0 0

33360 42000 46320 50640 54960

834 1050 1158 1266 1374

0 0 0 0 0
834 1050 1158 1266 1374

3924 4974 6132 7398 8772

0 0 0 0 0
3924 4974 6132 7398 8772

29436 37026 40188 43242 46188

0 0 0 0 0
29436 37026 40188 43242 46188
Sales item Q3 24 Q4 24 Q1 25

Refurb Projects 0 1 0
New Build Projects
Eqipment Revenues

Total Contract Values Secured

Year Totals:
Number of Partner Architects Required 1 2

AMOUNT INVOICED
1st Invoice
2nd Invoice
3rd invoice
Retention Invoice

Total Invoice (Revenue)

CASH RECEIPTS
 Number of Projects
Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26

1 1 2 2 2 3
1 1

3 3 4 5 6 7
Q4 26 Q1 27 Q2 27 Q3 27 Q4 27 Q3 24

3 4 4 5 5 0
1 1 1 1 0
0

8 10 11 12 13

0
 Revenues
Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

150000 0 150000 150000 300000 307500

0 0 0 0 300000 0
22500 0 22500 22500 67500 46125

172500 0 172500 172500 667500 353625

517500

67500 0 67500 67500 247500 138375

45000 0 45000 45000 90000
45000 0 45000 45000
15000 0 15000

67500 45000 112500 127500 337500 288375

0 67500 45000 112500 127500 337500

Revenues
Q2 26 Q3 26 Q4 26 Q1 27 Q2 27 Q3 27

307500 461250 461250 630375 630375 787969

307500 0 307500 315188 315188 0
69188 69188 92250 118195 118195 118195

684188 530438 861000 1063758 1063758 906164

2235750 3894680

253688 207563 322875 401864 401864 354586

182250 92250 230625 138375 281363 283669
90000 92250 182250 138375 230625 189113
15000 30000 30750 30750 76125 46125

540938 422063 766500 709364 989977 873492

288375 540938 422063 766500 709364 989977

Q4 27

787969
315188
141834

1244991
1244991

472781 0 0 0 0 0
330947 236391 94556 0 0 0
281363 330947 330947 0 94556 0
93788 63038 109547 110316 31519 0

1178878 630375 535050 110316 126075 0

873492 1178878 630375 535050 110316 126075

 Totals

7892920
7892920

0 0
0 0
0 0
31519 0

31519 0 7892920

0 31519 7892920
 Sep-24 Oct-24

REVENUES

EXPENSES
Accounting & Legal Fees 3000
Advertising & Direct Marketing 5000
Bad Debt Provision
Bank Charges 3000 100
Depreciation 30
Insurance 1000
Interest on overdraft/loan 0 0
Leased Equipment Costs 250 1700
Office Rent & Rates
Payments to Sub Contractors & Other Authorities
Postage, Printing & Stationary & other consumables 200 200
Professional Membership
Repairs & Maintenance
Salaries basic 5688 7873
Salaries - bonus
Staff Expenses - permanent 394
Staff Expenses - temps for cover (sick, maternity etc.)
Sundry Expenses and Contingencies 0
Utilities: Heating, Electricity, Water, Telephone

Total Expenses: 18168 10267

PROFIT BEFORE TAX -18168 -10267

Fixed Costs 12230 300

Variable Costs 5938 9967
Total Expenses: 18168 10267
Nov-24 Dec-24 Q1 25 Q2 25 Q3 25 Q4 25

67500 45000 112500 127500 337500

8000 1000 3000 3000 5000 10000

5000 5000 5000 10000 10000
2025 1350 3375 3825 10125
100 1350 900 2250 2550 6750
30 186 294 294 402
1000 1000 1000 1000 1000
0 0 1580 5232 13030 18735
5240 7610 8610 10980 13350 17220
5000 65378 65378 65378 65378 65378
1350 3375 3825 10125
200 338 225 563 638 1688
1500 2500
2000 2000
7873 7873 80725 121088 121088 161450

394 394 4036 6054 6054 8073

0 675 450 1125 1275 3375

500 1000 1000 1000 1500 1500

27307 95172 174790 229713 250806 330320

-27307 -27672 -129790 -117213 -123306 7180

13800 76595 78269 83717 101389 119952

13507 18577 96521 145997 149417 210368
27307 95172 174790 229713 250806 330320
Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27

288375 540938 422063 766500 709364 989977

10000 10000 15000 15000 20000 20000

10000 15000 15000 15000 15000 20000
8651 16228 12662 22995 21281 29699
5768 10819 8441 15330 14187 19800
510 618 726 834 1050 1158
1500 1500 1500 1500 2000 2000
14905 16690 11042 9210 2982 0
19590 21960 26700 30570 32940 35310
65378 65378 65378 65378 65378 65378
8651 16228 12662 22995 21281 29699
1442 2705 2110 3833 3547 4950
2500
2000 2000 2000 2000 2000 2000
206662 248230 289601 330973 424059 466465
46646
10333 12411 14480 16549 21203 23323
6200 7447 8688 9929 12722 13994
2884 5409 4221 7665 7094 9900
2000 2000 2000 2000 3000 3000

376473 454623 492211 574260 669723 793322

-88098 86314 -70148 192240 39641 196655

113502 126710 123197 132584 129144 138285

262971 327914 369014 441676 540579 655037
376473 454623 492211 574260 669723 793322
Q3 27 Q4 27

873492 1178878

20000 20000
20000 20000
26205 35366
17470 23578
1266 1374
2000 2000
0 0
32700 32700
65378 55000
26205
4367 5894
2500
2000 2000
508871 551276
50887 55128
25444 27564
15266 16538
8735 11789
3000 3000

829793 865707

43699 313171

135481 135346
694312 730361
829793 865707
Item Q3 24 Q4 24 Q1 25 Q2 25

Cash Receipts from Sales 0 0 67500 45000

Operating Expenses 18168 132745 174790 229713

Capital Expenses 1200 1200 6240 4320

Cash Movement in QTR -19368 -133945 -113530 -189033

Net Cash from Trading -19368 -153313 -266844 -455877

Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26

112500 427500 337500 595875 540938 729563

250806 330320 376473 454623 492211 574260

0 4320 4320 4320 4320 4320

-138306 92860 -43293 136932 44407 150983

-594183 -501323 -544615 -407684 -363277 -212294

Q1 27 Q2 27 Q3 27 Q4 27 Q1 28 Q2 28

1081688 1024552 989977 1188680 1178878 630375

669723 793322 829793 865707

8640 4320 4320 4320

403325 226910 155864 318652 1178878 630375

191030 417940 573804 892456 2071335 2701710

Q3 28 Q4 28 Q1 29 Q2 29

535050 110316 126075 0

535050 110316 126075

3236760 3347075 3473150 3473150

Item Q3 24 Q4 24 Q1 25

Directors' Capital Ivestment 90000

Grants 25000 25000
Cash Movement in QTR (Trading) -19368 -133945 -113530

Net Cash 70632 -38313 -126844

Facility Required for the Quarter 0 42144 139528

Interest on Previous Quarter 0 0 1580

Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26

-189033 -138306 92860 -43293 136932 44407

-315877 -454183 -361323 -404615 -267684 -223277

347465 499601 397455 445077 294452 245605

5232 13030 18735 14905 16690 11042

Q4 26 Q1 27 Q2 27 Q3 27 Q4 27

150983 403325 226910 155864 318652

-72294 331030 557940 713804 1032456

79524 0 0 0 0

9210 2982 0 0 0
 Q4 24 Q1 25 Q2 25 Q3 25
Sales 67500 45000 112500 127500
Expenses 18168 174790 229713 250806
Profit Before Ta 49332 -129790 -117213 -123306

NOVIS Profit
1400000

1200000

1000000
Sales

800000

600000

400000

200000

0
Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2

-200000 Q
 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27
337500 288375 540938 422063 766500 709364
330320 376473 454623 492211 574260 669723
7180 -88098 86314 -70148 192240 39641

NOVIS Profit & Loss Forecast

Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27 Q3 27 Q4 27

Quarter / Year
 Q2 27 Q3 27 Q4 27
989977 873492 1178878
793322 829793 865707
196655 43699 313171

Sales
Expenses
Profit Before
Tax

Q3 27 Q4 27
Item Q3 24 Q4 24 Q1 25 Q2 25 Q3 25
Net Cash 70632 -38313 -126844 -315877 -454183

NOVIS - Net
1200000

Net Cash
1000000

800000

600000

400000

200000

0
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26

-200000

-400000

-600000
Quart
 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27
-361323 -404615 -267684 -223277 -72294 331030

NOVIS - Net Cash Forecast

Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27 Q3 27 Q4 27

Quarter / Year
Q2 27 Q3 27 Q4 27
557940 713804 1032456
Q2 29
 Amount
Directors' Capital Ivestm 90000
Grants 50000
Bank Loan/Overdaft 499601

NOVIS - Investment Profile

Directors' Capital
Ivestment

Grants

Bank
Loan/Overdaft
 Q3 24 Q4 24 Q1 25 Q2 25
Techincal Staff 1 1 5 8
Non-Technical Staf 0 1 2 3
Total Staff 1 2 7 11

Number of Staff NOV

50

45

40

35

30

25

20

15

10

0
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1
Quar
 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26
8 10 13 15 18 20
3 4 6 7 8 9
11 14 18 22 25 29

NOVIS Staffing Forecast

25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27 Q3 27 Q4 27
Quarter / Year
 Q1 27 Q2 27 Q3 27 Q4 27
25 28 30 33
11 12 13 14
36 40 43 47

Non-Technical
Staff
Techincal Staff

Q3 27 Q4 27
 Q4 24 Q1 25 Q2 25 Q3 25
Sales 67500 45000 112500 127500
Fixed Costs 102925 78269 83717 101389
Variable Cost 47988 96521 145997 149417
Total Costs 150913 174790 229713 250806

Break Eve
1400000

1200000
's

1000000

800000

600000

400000

200000

0
Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q
Quart
 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27
337500 288375 540938 422063 766500 709364
119952 113502 126710 123197 132584 129144
210368 262971 327914 369014 441676 540579
330320 376473 454623 492211 574260 669723

Break Even Point Analysis

First steady state break even

Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Q2 27 Q3 27
Quarter / Year
 Q2 27 Q3 27 Q4 27
989977 873492 1178878
138285 135481 135346
655037 694312 730361
793322 829793 865707

Sales
Fixed Costs
Variable
Costs
Total Costs

7 Q3 27 Q4 27