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Innovate Holdings Limited

11224654

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)
  • Current liabilities exceed current assets (-10)

Details

15 BARNES WALLIS ROAD, FAREHAM, PO15 5TT
Incorporated 26/02/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

18129
Printing (other than printing of newspapers and printing of labels)
26800
Manufacture of magnetic and optical media
64202
Activities of production holding companies

Officers

Mr Lee Richard Devitt

director · Since 26/02/2018

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 6 other boards

Mrs Sarah Maxine Devitt

director · Since 26/02/2018

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 5 other boards

Persons with Significant Control

Mr Lee Richard Devitt

25–50% shares
25–50% votes

British · England · Age 56

15, Barnes Wallis Road, Fareham, PO15 5TT

Notified 26/02/2018

Mrs Sarah Maxine Devitt

25–50% shares
25–50% votes

British · England · Age 52

15, Barnes Wallis Road, Fareham, PO15 5TT

Notified 26/02/2018

CompanyRankvs 21340+ SIC 18129 peers
61

Financial strength38th percentile among SIC peers · 10/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 1359.53× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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61
How is this score calculated?
Financial strength10/25 pts

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

Employees8/15 pts

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

Liquidity20/20 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 31/05/2020

Net Worth

£200

Balance sheet strength

Cash

£1.0M

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.2M

Current Liabilities

£859

Debtors

£165k

Profit After Tax

£516

2avg. employees

Tax at Year End

Corp tax£439
Dividends paid£540k

Balance Sheet

Assets less current liabilities£1.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20201359.53

Derived from filed accounts. Not audited figures.