Initial Incentives Limited
02183201
Some Concerns
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2025
total exemption full
Next accounts due
30/09/2027
Confirmation statement
Last: 01/12/2025
Due 15/12/2026
Industry
Officers
director · Since 04/08/2005
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 1 other board
Persons with Significant Control
Carter Enterprises Limited
Unit 16, Apex Business Centre, Dunstable, LU5 4SB
Reg: 12297899 · England And Wales · Limited Company
Notified 10/03/2020
Former PSCs
Mr Jonathan Reuben
Ceased 10/03/2020
Mr Lee Reuben
Ceased 10/03/2020
Charges3 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC UK BANK PLC
CompanyRankvs 940+ SIC 73110 peers71
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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 31/12/2025
Net Worth
£344k
Balance sheet strength
Cash
£17k
Cash in the bank
Net Current Assets
£323k
Working capital
Current Assets
£1.0M
Current Liabilities
£716k
Fixed Assets
£60k
Debtors
£916k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.45 | +£35k |
| 2024 | 1.60 | +£56k |
| 2023 | 1.66 | -£105k |
| 2022 | 1.98 | -£248k |
| 2021 | 2.64 | -£369k |
| 2020 | 3.38 | -£1.1M |
| 2019 | 3.99 | +£152k |
| 2018 | 3.52 | +£244k |
| 2017 | 2.46 | — |
Derived from filed accounts. Not audited figures.