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Ashington Innovation Plc

12758732

active
Public Limited Company
england wales
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)
  • Going concern doubt noted in accounts (-10)

Details

27/28 EASTCASTLE STREET, LONDON, W1W 8DH
Incorporated 21/07/2020

Compliance

Last accounts

31/12/2025

full

Next accounts due

30/06/2027

On track

Confirmation statement

Last: 20/07/2025

Due 03/08/2026

On track

Industry

96090
Other personal service activities

Officers

Msp Corporate Services Limited

secretary · Since 21/07/2020

Also on 237 other boards

Mr Peter Eric Presland Llb Aca

director · Since 21/07/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 76

Also on 4 other boards

Mr Jason Smart

director · Since 18/03/2021

COMPANY DIRECTOR

CANADIAN · NETHERLANDS · Age 46

Mr Grant Duthie

director · Since 12/10/2023

LAWYER

CANADIAN · CANADA · Age 36

Daniel Devindra Nauth

director · Since 08/11/2023

LEGAL EXPERT

CANADIAN · CANADA · Age 48

Richard Joel Paolone

director · Since 08/11/2023

LAWYER

CANADIAN · CANADA · Age 35

Persons with Significant Control

Mr Jason Smart

25–50% shares
25–50% votes

Canadian · Netherlands · Age 46

27-28, Eastcastle Street, London, W1W 8DH

Notified 22/04/2021

Former PSCs

Cargil Management Services Limited

Ceased 22/04/2021

CompanyRankvs 218180+ SIC 96090 peers
54

Financial strength73th percentile among SIC peers · 18/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.13× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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21818Ashington Innovation Plc
64
How is this score calculated?
Financial strength18/25 pts

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

Employees13/15 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.

Longevity6/15 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.

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

completion of a suitable acquisition are all matters that are not entirely within the control of the Directors, and represent material uncertainties regarding the Company’s ability to continue as a going concern. As referred to in Accounting Policy 2.2 Going Concern, the Directors believe that the adoption of the going concern basis of accounting is appropriate. The accompanying financial statemen

Key FinancialsYear ending 31/07/2022

Net Worth

£16k

Balance sheet strength

Cash

£137k

Cash in the bank

Net Current Assets

£16k

Working capital

Current Assets

£143k

Current Liabilities

£127k

Debtors

£7k

Admin Expenses

£381k

Operating Profit

-£381k

Profit After Tax

-£381k

4avg. employees

People Costs

Wages & salaries£11k
NI contributions£447

Balance Sheet

Assets less current liabilities£16k
Prepared with Caseware UK (AP4) 2021.0.152

EstimatesDerived

YearCurrent RatioImplied Profit
20221.13+£14k
20211.04—

Derived from filed accounts. Not audited figures.