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Cultivate Innovation Ltd

10502068

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)
  • Going concern doubt noted in accounts (-10)

Details

4 CROSS STREET, NOTTINGHAM, NG9 2NX
Incorporated 29/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Michael John Farrelly Colechin

director · Since 29/11/2016

ENGINEER

BRITISH · UNITED KINGDOM · Age 56

Also on 1 other board

Ms Beatrice Niamh Farrelly Colechin

director · Since 08/04/2019

DIRECTOR

BRITISH · ENGLAND · Age 27

Mr Keelan Noah Farrelly Colechin

director · Since 01/03/2021

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 24

Persons with Significant Control

Mr Michael John Farrelly Colechin

75–100% shares
75–100% votes

British · United Kingdom · Age 56

4 Cross Street, Beeston, Nottingham, NG9 2NX

Notified 29/11/2016

Ms Beatrice Niamh Farrelly Colechin

75–100% shares
25–50% votes

British · England · Age 27

4 Cross Street, Beeston, Nottingham, NG9 2NX

Notified 08/04/2019

CompanyRankvs 9210+ SIC 71129 peers
49

Financial strength37th percentile among SIC peers · 9/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.02× · 12/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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9210Cultivate Innovation Ltd
58
How is this score calculated?
Financial strength9/25 pts

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

Employees13/15 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.

Longevity10/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 30/11/2024

Net Worth

£486

Balance sheet strength

Cash

£331

Cash in the bank

Net Current Assets

£474

Working capital

Current Assets

£28k

Current Liabilities

£27k

Fixed Assets

£3k

Debtors

£10k

3avg. employees

Tax at Year End

Corp tax£12k
VAT£5k

Director Loans

Company owes directors£591

Balance Sheet

Assets less current liabilities£3k
Signed by Dr M Colechin 21st August 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioEst. Revenue
20241.02£110k
20231.33£106k

Derived from filed accounts. Not audited figures.