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Hyperdrive Innovation Ltd

07948437

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

TURNTIDE EIGHTH AVENUE, GATESHEAD, NE11 0QA
Incorporated 14/02/2012

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 27/01/2026

Due 10/02/2027

On track

Industry

27200
Manufacture of batteries and accumulators
29310
Manufacture of electrical and electronic equipment for motor vehicles
74100
Specialised design activities

Officers

Mr. Steven Mark Hornyak

director · Since 11/06/2024

CHIEF EXECUTIVE

AMERICAN · UNITED STATES · Age 60

Also on 7 other boards

Former

Mr Mark Cox

director · Resigned 30/06/2026

Persons with Significant Control

Hyperdrive Innvovation Holding Ltd

75–100% shares
75–100% votes
Appoint directors

Future Technology Centre, Barmston Court, Sunderland, SR5 3NY

Reg: 09973653 · Companies House · Limited Company

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

AVENUE VENTURE OPPORTUNITIES FUND II, L.P. (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEF

Created 23/12/2025Registered 24/12/2025
Charge
outstanding

AVENUE VENTURE OPPORTUNITIES FUND II, L.P. (AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT FOR LE

Created 23/12/2025Registered 24/12/2025

CompanyRankvs 35+ SIC 27200 peers
53

Financial strength89th percentile among SIC peers · 22/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.35× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£640k

Balance sheet strength

Cash

£53k

Cash in the bank

Profit Before Tax

-£1.2M

Bottom line earnings

Net Current Assets

£5.3M

Working capital

Current Assets

£20.7M

Current Liabilities

£15.3M

Fixed Assets

£438k

Debtors

£1.2M

Cost of Sales

£7.3M

Admin Expenses

£4.8M

Profit After Tax

-£630k

1avg. employees-64

Balance Sheet

Intangible assets£549
Assets less current liabilities£5.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.35-£630k
20231.84

Derived from filed accounts. Not audited figures.