Innovative Pipesystems Limited
06601796
Some Concerns
- Negative net worth (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 09/12/2025
Due 23/12/2026
Industry
Officers
director · Since 30/03/2015
ACCOUNTANT
BRITISH · ENGLAND · Age 63
Also on 25 other boards
Persons with Significant Control
Mr Peter John Woodward
British · United Kingdom · Age 78
182, Epsom Road, Guildford, GU1 2RR
Notified 01/01/2017
Charges0 outstanding
SEVERN GLOCON LIMITED · SEVERN GLOCON GROUP PLC · UTILITIES VALVES SG LIMITED
CompanyRankvs 133+ SIC 28120 peers34
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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 31/03/2025
Net Worth
-£141k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£118k
Working capital
Current Assets
—
Current Liabilities
£118k
Fixed Assets
£1
Debtors
£20
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£750 |
| 2024 | — | -£500 |
| 2023 | 0.00 | -£2k |
| 2022 | 0.00 | -£2k |
| 2021 | 0.06 | — |
Derived from filed accounts. Not audited figures.