INNOVATION AGRITECH GROUP LIMITED

1. INNOVATION AGRITECH GROUP LIMITED 2017-08-03 → present
2. NUVO SPACE LIMITED 2017-01-18 → 2017-08-03

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Adler Shine LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having reviewed the company's results for the period, its financial forecast and expected cashflows, the directors are of the opinion the Company has adequate resources available to it to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt a going concern basis in preparing the financial statements for the period ended 31 January 2025.”

Significant events

• “The company has identified a breach in connection with its historic fund raising activities connected to the issuing of Ordinary B shares which raised a total of £11,373,405 from c528 shareholders. As a result, the company may face civil claims and/or regulatory action and possibly penalties in connection with its historic fund raising activit”
• “In connection to this breach, the company has identified that commissions paid to investment brokers exceeded the permitted cap for such commissions as prescribed by the Companies Act 2006. The company has sought legal action against the investment brokers to recover the amount of £3.6m in respect of commissions paid, currently included as”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

10

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +71.4%

  £271,102 → £464,647

• Cash

  -60.4%

  £2,658,140 → £1,052,482

• Net assets

  +55.7%

  -£2,841,249 → -£1,257,720

• Employees

  +60%

  15 → 24

• Operating profit

  +12.5%

  -£1,990,721 → -£1,742,436

• Profit before tax

  +14.8%

  -£2,036,787 → -£1,735,586

• Wages

  +56.4%

  £539,963 → £844,545

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers