Innovelec Solutions Limited
06879179
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 16/04/2009
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 66
Also on 1 other board
Persons with Significant Control
Mr Trevor Charles Cullen
British · England · Age 66
2, Manor Farm Court, Old Wolverton Road, Milton Keynes, MK12 5NN
Notified 01/07/2016
Charges1 outstanding
LLOYDS TSB BANK PLC
CompanyRankvs 449+ SIC 47990 peers78
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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
Outstanding charges: -10 pts
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
£774k
Balance sheet strength
Cash
£422k
Cash in the bank
Net Current Assets
£771k
Working capital
Current Assets
£1.1M
Current Liabilities
£354k
Fixed Assets
£4k
Debtors
£368k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 3.18 | +£64k |
| 2024 | 2.84 | +£110k |
| 2023 | 3.38 | +£121k |
| 2022 | 3.29 | +£113k |
| 2021 | 2.73 | +£23k |
| 2020 | 3.88 | +£9k |
| 2019 | 3.91 | — |
Derived from filed accounts. Not audited figures.