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Innovate D&B Limited

12075889

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)
  • Negative net worth (-10)

Details

WHITE HOUSE FARM, BILLINGHAM, TS22 5NB
Incorporated 28/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41201
Construction of commercial buildings
41202
Construction of domestic buildings
43390
Other building completion and finishing
43910
Roofing activities

Officers

Mr Robert Owen Hutchinson

director · Since 28/06/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 13 other boards

Mrs Carol Ann Hutchinson

secretary · Since 17/10/2019

Persons with Significant Control

Arrowcruit Holdings Ltd

75–100% shares

White House Farm, Sandy Lane West, Billingham, TS22 5NB

Reg: 07452893 · England · Limited Company

Notified 01/01/2024

Former PSCs

Mr Robert Owen Hutchinson

Ceased 01/01/2024

CompanyRankvs 18552+ SIC 41201 peers
43

Financial strength14th percentile among SIC peers · 4/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 1.02× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength4/25 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.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 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 31/12/2023

Net Worth

-£473

Balance sheet strength

Cash

£664k

Cash in the bank

Net Current Assets

£16k

Working capital

Current Assets

£974k

Current Liabilities

£957k

Debtors

£309k

1avg. employees

Balance Sheet

Bank loans & overdrafts£10k
Assets less current liabilities£16k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20231.02
20231.01+£7k
20221.48+£50k
20210.91-£120k
20201.09

Derived from filed accounts. Not audited figures.