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Secure Innovation Limited

02516654

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

SPINNAKER HOUSE, SALTASH, PL12 6LF
Incorporated 28/06/1990

Compliance

Last accounts

30/04/2025

full

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 28/06/2025

Due 12/07/2026

On track

Industry

26110
Manufacture of electronic components
72190
Other research and experimental development on natural sciences and engineering

Officers

Martin Jeremy Pascoe

secretary · Since 01/05/2005

British

Kenneth Ross Lewins

director · Since 08/01/2026

British

Martin Jeremy Pascoe

director · Since 01/05/2005

British

Anthony Raymond Westington

director · Since 01/05/2005

British

Former

Vivienne Linda Yandell

secretary · Resigned 01/05/2005

Robert Francis Boreham

director · Resigned 10/10/2001

Anthony Paul Hollox

director · Resigned 20/06/2001

Roger Charles Lintern

director · Resigned 31/01/2000

Colin Alexander Mackenzie

director · Resigned 20/06/2001

Margaret Schwartz

director · Resigned 10/10/2001

Andrew Robin Searle

director · Resigned 16/08/2006

David Louis Thompson

director · Resigned 02/06/2000

Christopher George Yandell

director · Resigned 18/02/2019

John Anthony Yandell

director · Resigned 09/07/2023

Vivienne Linda Yandell

director · Resigned 18/02/2019

CompanyRankvs 105+ SIC 26110 peers
80

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.05× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going co

Key FinancialsYear ending 30/04/2024

Turnover

£13.7M

Annual revenue

Net Worth

£9.0M

Balance sheet strength

Cash

£456k

Cash in the bank

Profit Before Tax

£214k

Bottom line earnings

Net Current Assets

£7.5M

Working capital

Current Assets

£14.7M

Current Liabilities

£7.2M

Fixed Assets

£1.9M

Debtors

£11.0M

Cost of Sales

£5.8M

Gross Profit

£8.0M

Admin Expenses

£7.6M

Operating Profit

£470k

Profit After Tax

£179k

122avg. employees

Tax at Year End

Corp tax£81k

People Costs

Wages & salaries£4.8M
NI contributions£414k

Balance Sheet

Intangible assets£1.1M
Bank loans & overdrafts£150k
Assets less current liabilities£9.4M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20242.05

Derived from filed accounts. Not audited figures.