Bic Innovation Ltd
05092027
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 29/06/2018
DIRECTOR
BRITISH · WALES · Age 60
Also on 1 other board
director · Since 30/09/2025
MANAGEMENT CONSULTANT
BRITISH · UNITED KINGDOM · Age 45
director · Since 30/09/2025
CHARTERED DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 7 other boards
Persons with Significant Control
Bic Innovation Trustee Limited
Bic Innovation Ltd 156, Parc Gwyddoniaeth Menai, Ynys Mon, LL60 6AG
Reg: 16732989 · Companies House · Private Company Limited By Guarantee
Notified 30/09/2025
Former PSCs
Mr Huw Geraint Watkins
Ceased 31/01/2020
Mr Alun Watkin Lewis
Ceased 25/02/2022
Mr Huw Geraint Watkins
Ceased 30/09/2025
Charges1 outstanding
HSBC UK BANK PLC
FINANCE WALES INVESTMENTS (3) LTD
FINANCE WALES INVESTMENTS (3) LTD
HSBC BANK PLC
CompanyRankvs 5744+ SIC 70229 peers65
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp
Key FinancialsYear ending 30/09/2024
Net Worth
£523k
Balance sheet strength
Cash
£198k
Cash in the bank
Net Current Assets
£534k
Working capital
Current Assets
£1.1M
Current Liabilities
£551k
Fixed Assets
£26k
Debtors
£371k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.97 | -£3k |
| 2023 | 2.07 | +£30k |
| 2022 | 1.84 | +£92k |
| 2021 | 1.80 | +£194k |
| 2020 | 1.25 | +£34k |
| 2019 | 1.30 | +£29k |
| 2018 | 1.75 | — |
Derived from filed accounts. Not audited figures.