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Innovatek Limited

05312118

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

PASTURE HOUSE 1 COTTAGE FIELD, BEVERLEY, HU17 8YE
Incorporated 14/12/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities
74909
Other professional, scientific and technical activities

Officers

Mrs Fleur Elizabeth Stevenson

secretary · Since 14/12/2004

BRITISH · Age 57

Also on 1 other board

Dr Paul Robert Stevenson

director · Since 14/12/2004

RESEARCH ENGINEER

BRITISH · ENGLAND · Age 58

Also on 2 other boards

Persons with Significant Control

Dr Paul Robert Stevenson

25–50% shares
25–50% votes

British · England · Age 58

Pasture House, 1 Cottage Field, Beverley, HU17 8YE

Notified 06/04/2016

Mrs Fleur Elizabeth Stevenson

25–50% shares
25–50% votes

British · England · Age 57

Pasture House, 1 Cottage Field, Beverley, HU17 8YE

Notified 06/04/2016

CompanyRankvs 3134+ SIC 70229 peers
74

Financial strength92th percentile among SIC peers · 23/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 8.13× · 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 strength23/25 pts

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

Employees11/15 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

6. The financial statements have been prepared under the historical cost convention. Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the abil

Key FinancialsYear ending 31/12/2024

Net Worth

£171k

Balance sheet strength

Cash

£99k

Cash in the bank

Net Current Assets

£123k

Working capital

Current Assets

£140k

Current Liabilities

£17k

Fixed Assets

£53k

Debtors

£9k

2avg. employees

Balance Sheet

Assets less current liabilities£176k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20248.13+£9k
20236.96—
202262.66—
202146.15—
202016.94—
201945.51-£1k
201886.17—

Derived from filed accounts. Not audited figures.