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Innovation Resource Ltd

11215700

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

BLYTH HOUSE, WOLVERHAMPTON, WV6 0HS
Incorporated 20/02/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78109
Other activities of employment placement agencies

Officers

Mr Richard Jordan Hubball

director · Since 20/02/2018

DIRECTOR

BRITISH · ENGLAND · Age 37

Also on 24 other boards

Mr Robert Cameron Hubball

director · Since 20/02/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 39

Also on 13 other boards

Persons with Significant Control

Mr Richard Jordan Hubball

25–50% shares
25–50% votes
Appoint directors

British · England · Age 37

Blyth House, Hordern Road, Wolverhampton, WV6 0HS

Notified 20/02/2018

Mr Robert Cameron Hubball

25–50% shares
25–50% votes
Appoint directors

British · England · Age 39

Blyth House, Hordern Road, Wolverhampton, WV6 0HS

Notified 20/02/2018

Former PSCs

Mr Edward Joseph Cooke

Ceased 30/06/2024

CompanyRankvs 15585+ SIC 78109 peers
41

Financial strength10th percentile among SIC peers · 3/25
Employees61th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.88× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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15585Innovation Resource Ltd
37
How is this score calculated?
Financial strength3/25 pts

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

Employees9/15 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.

Longevity8/15 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 28/02/2025

Net Worth

-£11k

Balance sheet strength

Cash

£2

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£19k

Current Liabilities

£22k

Fixed Assets

£335

Debtors

£19k

2avg. employees

Balance Sheet

Assets less current liabilities-£2k
Signed by 11215700 2024-03-01 2025-02-28 11215700 2025-02-28 11215700 core:CurrentFinancialInstruments 2025-02-28 11215700 core:CuPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.88-£15k
20241.53—
20231.66—
20221.76—
20212.21—
20201.00—
20190.97—

Derived from filed accounts. Not audited figures.