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Innovate Technologies Limited

12286739

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

MIOC BUILDING LTD, MANCHESTER, M22 5WB
Incorporated 29/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Ian Peter Mcdermott

director · Since 01/02/2022

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 5 other boards

Persons with Significant Control

Mr Ian Peter Mcdermott

Significant control
significant-influence-or-control-as-trust
significant-influence-or-control-as-firm

British · England · Age 63

Suite 15e, Styal Road, Manchester, M22 5WB

Notified 02/10/2022

Former PSCs

Ian Mcdermott

Ceased 01/10/2022

CompanyRankvs 24664+ SIC 62090 peers
56

Financial strength65th percentile among SIC peers · 16/25
Employees41th percentile among SIC peers · 6/15
LiquidityCurrent ratio 1.21× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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24664Innovate Technologies Limited
55
How is this score calculated?
Financial strength16/25 pts

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

Employees6/15 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 31/10/2021

Net Worth

£10k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£10k

Working capital

Current Assets

£55k

Current Liabilities

£46k

1avg. employees

Balance Sheet

Assets less current liabilities£10k
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20211.21
2020Infinity

Derived from filed accounts. Not audited figures.