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Innovation Agritech Group Limited

10570531

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

THE AEROBARN HEATHLEY HALL FARM, BRACKNELL, RG42 6BP
Incorporated 18/01/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01610
Support activities for crop production

Officers

Mr Jaspreet Singh Phagura

director · Since 18/01/2017

DIRECTOR

ENGLISH · ENGLAND · Age 35

Also on 1 other board

Mr David Scott Currie

director · Since 28/09/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 6 other boards

Mr Bernard Michael Sumner

secretary · Since 20/02/2024

Persons with Significant Control

Mr Jaspreet Singh Phagura

Significant control

English · England · Age 35

9, Lisgar Terrace, London, W14 8SJ

Notified 18/01/2017

CompanyRankvs 12280+ SIC 01610 peers
40

Financial strength85th percentile among SIC peers · 21/25
Employees33th percentile among SIC peers · 5/15
LiquidityNo balance sheet data · 0/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength21/25 pts

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

Employees5/15 pts

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

Liquidity0/20 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

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

Going Concern Doubt

the impact of the virus on the business as more information about the pandemic emerges. At the time of signing the director does not consider COVID-19 to impact the Company’s ability to continue as a going concern, due to the Company having significant cash reserves which the director believes is sufficient to meet the forecast outgoings, for a minimum period of 12 months. Accordingly, they contin

Key FinancialsYear ending 31/01/2020

Net Worth

£718k

Balance sheet strength

Cash

£415k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£453k

Fixed Assets

£1.4M

Debtors

£10k

1avg. employees+1
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2020—+£688k
20194.61—

Derived from filed accounts. Not audited figures.