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Unitech Innovations Limited

08843714

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

1 LONDON ROAD, IPSWICH, IP1 2HA
Incorporated 14/01/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

20301
Manufacture of paints, varnishes and similar coatings, mastics and sealants

CompanyRankvs 105+ SIC 20301 peers
77

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.78× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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87
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

Longevity12/15 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

not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going conce

Key FinancialsYear ending 30/06/2024

Turnover

£18.6M

Annual revenue

Net Worth

£17.3M

Balance sheet strength

Cash

£5.4M

Cash in the bank

Profit Before Tax

£3.8M

Bottom line earnings

Net Current Assets

£14.3M

Working capital

Current Assets

£18.1M

Current Liabilities

£3.8M

Fixed Assets

£3.0M

Debtors

£11.6M

Cost of Sales

£11.2M

Gross Profit

£7.4M

Admin Expenses

£3.1M

Operating Profit

£3.7M

Profit After Tax

£2.9M

48avg. employees

Tax at Year End

Corp tax£404k
Dividends paid-£1.2M

Director Loans

Directors owe company£107k

People Costs

Wages & salaries£1.7M
NI contributions£20k

Balance Sheet

Interest payable£100
Assets less current liabilities£17.3M
Signed by Mr Paul Taylor 31st July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20244.78

Derived from filed accounts. Not audited figures.