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Innov8 Technology (Group) Limited

10528846

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT A5 RIVERVIEW, STOCKPORT, SK4 3GN
Incorporated 16/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Carl Steven Maher

director · Since 16/12/2016

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 21 other boards

Persons with Significant Control

Mr Carl Steven Maher

75–100% shares
75–100% votes

British · England · Age 56

Unit A5, Riverview, Stockport, SK4 3GN

Notified 16/12/2016

Former PSCs

Mr Christopher Vincent Wilson

Ceased 16/02/2020

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/08/2022Registered 11/08/2022
Charge
satisfied

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)

Created 04/07/2017Registered 06/07/2017Satisfied 10/01/2023

CompanyRankvs 20022+ SIC 62012 peers
37

Financial strength99th percentile among SIC peers · 25/25
Employees43th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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20022Innov8 Technology (Group) Limited
57
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.

Employees6/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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 director with respect to g

Key FinancialsYear ending 31/03/2025

Net Worth

£5.5M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Profit Before Tax

£639k

Bottom line earnings

Net Current Assets

-£7.6M

Working capital

Current Assets

£1.8M

Current Liabilities

£9.3M

Fixed Assets

£11.3M

Debtors

£9.7M

Cost of Sales

£8.2M

Admin Expenses

£3.1M

Profit After Tax

£191k

1avg. employees

Tax at Year End

Corp tax£250k
Dividends paid-£50k

Director Loans(2021)

Directors owe company£5k

People Costs

Wages & salaries£3.3M

Balance Sheet

Intangible assets£5.7M
Bank loans & overdrafts£2.4M
Assets less current liabilities£3.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.19+£0
20250.19+£3.6M
20240.27-£5k
20230.23+£1.9M
20220.37+£0
20210.37-£24k
20200.36—

Derived from filed accounts. Not audited figures.