Innovation Power Hire Limited
03430341
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
micro entity
Next accounts due
30/09/2026
Confirmation statement
Last: 05/09/2025
Due 19/09/2026
Industry
Officers
director · Since 05/09/1997
ELECTRICAL CONSULTANT
BRITISH · ENGLAND · Age 73
Also on 3 other boards
Persons with Significant Control
Mr Robert Hutchinson
British · England · Age 73
Salvus House, Aykley Heads, Durham City, DH1 5TS
Notified 05/09/2016
CompanyRankvs 44+ SIC 35120 peers74
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£245k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£162k
Working capital
Current Assets
£221k
Current Liabilities
£66k
Fixed Assets
£86k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.37 | +£8k |
| 2023 | 3.93 | +£20k |
| 2022 | 7.46 | +£30k |
| 2021 | 4.00 | +£69k |
| 2020 | 1.13 | -£2k |
| 2019 | 0.79 | +£1k |
| 2018 | 1.31 | — |
Derived from filed accounts. Not audited figures.