Inovattec Ltd
11645199
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Borja Del Castillo Ramirez
Spanish · Spain · Age 39
71-75, Shelton Street, London, WC2H 9JQ
Notified 26/10/2018
Mr Pedro Schirmer
Swiss · Malta · Age 41
71-75, Shelton Street, London, WC2H 9JQ
Notified 06/09/2022
Former PSCs
Victor Mautone Filho
Ceased 06/09/2022
Pedro Schirmer
Ceased 31/03/2020
CompanyRankvs 4249+ SIC 62012 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£7.3M
Annual revenue
Net Worth
£15.4M
Balance sheet strength
Cash
£15.0M
Cash in the bank
Profit Before Tax
£5.4M
Bottom line earnings
Net Current Assets
£15.4M
Working capital
Current Assets
£15.4M
Current Liabilities
£59k
Fixed Assets
£30k
Debtors
£416k
Cost of Sales
£170k
Gross Profit
£7.1M
Admin Expenses
£1.6M
Operating Profit
£5.5M
Profit After Tax
£4.0M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 263.86 | -£3.7M |
| 2023 | 87.00 | +£2.7M |
| 2022 | 7.55 | +£3.0M |
| 2022 | 5.50 | +£13.1M |
| 2021 | 1.04 | -£282k |
| 2020 | 5.04 | +£563k |
| 2019 | 7.31 | — |
Derived from filed accounts. Not audited figures.