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Innovate Audio Ltd

13022655

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

UNIT 2, CENTURY POINT HALIFAX ROAD, HIGH WYCOMBE, HP12 3SL
Incorporated 16/11/2020

Compliance

Last accounts

31/08/2024

audit exemption subsidiary

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 15/11/2025

Due 29/11/2026

On track

Industry

62012
Business and domestic software development

Officers

Mr Timothy Paul Carroll

director · Since 26/06/2024

CHIEF EXECUTIVE

AMERICAN · ENGLAND · Age 64

Also on 7 other boards

Mrs Sally Ann Mckone

director · Since 26/06/2024

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 16 other boards

Persons with Significant Control

Optimal Audio Group Limited

75–100% shares

Unit 2, Century Point, Halifax Road, High Wycombe, HP12 3SL

Reg: 11341979 · Registrar Of Companies For England And Wales · Private Company Limited By Shares

Notified 26/06/2024

Former PSCs

Mr Daniel Lawrence Higgott

Ceased 26/06/2024

CompanyRankvs 157630+ SIC 62012 peers
61

Financial strength34th percentile among SIC peers · 9/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 11.05× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength9/25 pts

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

Employees11/15 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.

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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2023

Net Worth

£10

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

£16k

Working capital

Current Assets

£17k

Current Liabilities

£2k

Fixed Assets

£834

Debtors

£6k

2avg. employees+1

Tax at Year End

Corp tax£515

Balance Sheet

Assets less current liabilities£17k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
202311.05

Derived from filed accounts. Not audited figures.