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Innovate Aluminium Systems Limited

13580061

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

38 DE MONTFORT STREET, LEICESTER, LE1 7GS
Incorporated 23/08/2021

Compliance

Last accounts

31/08/2023

micro entity

Next accounts due

31/05/2025

Overdue

Confirmation statement

Last: 24/05/2024

Due 07/06/2025

Overdue

Industry

25120
Manufacture of doors and windows of metal
43342
Glazing
43390
Other building completion and finishing

Officers

Mr Ashok Vikam Odedra

director · Since 23/08/2021

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 2 other boards

Mr Vimal Odedra

director · Since 23/08/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Persons with Significant Control

Mr Ashok Vikam Odedra

Significant control

British · England · Age 62

1, Glenmore Road, Leicester, LE4 9GE

Notified 23/08/2021

Mr Vimal Odedra

Significant control

British · United Kingdom · Age 48

39, Bottle Arce Lane, Leicestershire, LE11 1JE

Notified 23/08/2021

Insolvency History1 case

creditors voluntary liquidation23/06/2025

Situl Devji Raithatha (practitioner)

CompanyRankvs 15+ SIC 25120 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.63× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

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

Longevity5/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/08/2023

Net Worth

-£18k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£31k

Working capital

Current Assets

£94k

Current Liabilities

£151k

Fixed Assets

£15k

3avg. employees

Balance Sheet

Assets less current liabilities-£16k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20230.63

Derived from filed accounts. Not audited figures.