Innovad Ltd
13024250
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Tomas Manuel Etorena
Italian · England · Age 36
Innovad Ltd, 124 City Road, London, EC1V 2NX
Notified 16/11/2020
CompanyRankvs 18796+ SIC 47190 peers35
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/11/2024
Turnover
£331k
Annual revenue
Net Worth
-£21k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£21k
Working capital
Current Assets
£22k
Current Liabilities
£43k
Fixed Assets
£1k
Profit After Tax
£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.51 | -£47k |
| 2023 | 0.06 | +£5k |
| 2022 | — | +£18k |
| 2021 | 0.85 | — |
Derived from filed accounts. Not audited figures.