Innovtec Solutions Ltd
08681727
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/09/2013
IT EXPERT
NEPALESE · ENGLAND · Age 44
Also on 1 other board
Persons with Significant Control
Mr Tilak Kumar Kathayak
Nepalese · England · Age 44
19, Wickham Lane, London, SE2 0XJ
Notified 01/08/2016
Former PSCs
Mr Basanta Poudel
Ceased 01/07/2025
CompanyRankvs 66552+ SIC 62020 peers51
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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 30/09/2024
Net Worth
£2k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£450
Working capital
Current Assets
£30k
Current Liabilities
£31k
Fixed Assets
£2k
Director Loans(2020)
People Costs(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.99 | +£3k |
| 2023 | 0.89 | +£4k |
| 2022 | 0.81 | -£12k |
| 2021 | 1.06 | -£17k |
| 2020 | 11.89 | -£2k |
| 2019 | 5.83 | -£18k |
| 2018 | 7.23 | — |
Derived from filed accounts. Not audited figures.