Induction Technology Group Limited
02092347
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/07/2024
small
Next accounts due
31/07/2026
Confirmation statement
Last: 18/10/2025
Due 01/11/2026
Industry
Officers
director · Since 18/10/1991
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 2 other boards
director · Since 14/02/2022
COMPANY DIRECTOR
BRITISH · SCOTLAND · Age 53
Also on 3 other boards
director · Since 14/02/2022
COMPANY DIRECTOR
BRITISH · SCOTLAND · Age 47
Also on 24 other boards
Persons with Significant Control
Meriden Automotive Technology Limited
Induction Technology Group, Siskin Drive, Coventry, CV3 4FJ
Reg: 02081587 · Companies House · Limited Company
Notified 06/04/2016
Drvn Automotive Ltd
Mcdermott House, Tweed Place, Perth, PH1 1TJ
Reg: Sc652849 · Scotland Company Register · Limited Company
Notified 25/09/2023
Former PSCs
Mr Jonathan Mccallum Douglas
Ceased 25/09/2023
Charges1 outstanding
SVENSKA HANDELSBANKEN AB (PUBL)
CompanyRankvs 17+ SIC 30990 peers78
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/07/2024
Net Worth
£3.1M
Balance sheet strength
Cash
£223k
Cash in the bank
Net Current Assets
£969k
Working capital
Current Assets
£1.2M
Current Liabilities
£241k
Fixed Assets
£2.1M
Debtors
£643k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 5.01 | -£16k |
| 2023 | 5.30 | +£2.1M |
| 2023 | 4.47 | +£97k |
| 2022 | 3.45 | +£253k |
| 2020 | 4.39 | +£169k |
| 2019 | 3.11 | +£40k |
| 2018 | 2.54 | — |
Derived from filed accounts. Not audited figures.