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Innovate42 Ltd

10653083

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

UNIT 13.1.1 THE LEATHER MARKET, LONDON, SE1 3ER
Incorporated 06/03/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
82990
Other business support service activities

Officers

Mr Amaury Francois Ghislain De Closset

director · Since 06/03/2017

COMPANY DIRECTOR

BELGIAN · UNITED KINGDOM · Age 38

Also on 1 other board

Mr Daniel Morton

director · Since 06/03/2017

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 1 other board

Persons with Significant Control

Mr Amaury Francois Ghislain De Closset

25–50% shares

Belgian · United Kingdom · Age 38

20-22, Wenlock Road, London, N1 7GU

Notified 06/03/2017

Mr Daniel Morton

25–50% shares

British · England · Age 51

20-22, Wenlock Road, London, N1 7GU

Notified 06/03/2017

CompanyRankvs 14281+ SIC 62012 peers
68

Financial strength90th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.65× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 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.

Liquidity6/20 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£165k

Balance sheet strength

Cash

£253k

Cash in the bank

Net Current Assets

-£231k

Working capital

Current Assets

£428k

Current Liabilities

£659k

Fixed Assets

£396k

Debtors

£175k

17avg. employees-1

Tax at Year End(2023)

VAT£3k

Director Loans

Company owes directors£11

Balance Sheet

Intangible assets£381k
Assets less current liabilities£165k
Signed by Mr Amaury De Closset 12/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.65-£86k—
20240.86+£14k—
20231.23-£23k£54k
20225.34-£101k£54k
20217.35+£260k—
20206.60-£111k—
201916.89——

Derived from filed accounts. Not audited figures.