UK Companies House feature
INOVATTEC LTD
Cash
£15M
+6.5% vs 2023
Net assets
£15M
-19.2% vs 2023
Employees
2
0% vs 2023
Profit before tax
£5M
-78.4% vs 2023
Profile
- Company number
- 11645199
- Status
- Active
- Incorporation
- 2018-10-26
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2020-10-31 | 2021-11-30 | 2022-11-30 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £26,643,598 | £7,253,744 | |
| Operating profit | — | — | — | — | £24,934,269 | £5,468,243 | |
| Profit before tax | — | — | — | — | £24,934,269 | £5,389,353 | |
| Net profit | — | — | — | — | £19,068,660 | £4,042,630 | |
| Cash | — | — | — | — | £14,107,507 | £15,030,858 | |
| Total assets less current liabilities | — | — | — | — | — | — | |
| Net assets | — | — | — | — | £19,078,920 | £15,418,470 | |
| Equity | £578,180 | £295,881 | £13,410,875 | £16,401,404 | £19,078,920 | £15,418,470 | |
| Average employees | — | — | — | — | 2 | 2 | |
| Wages | — | — | — | — | £480,000 | £360,000 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Platts Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEL CASTILLO RAMIREZ, Borja | Director | 2018-10-26 | Aug 1986 | Spanish |
| SCHIRMER, Pedro | Director | 2018-10-26 | Dec 1984 | Swiss |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Pedro Schirmer | Individual | Shares 25–50%, Voting 25–50% | 2022-09-06 | Active |
| Victor Mautone Filho | Individual | Shares 25–50%, Voting 25–50% | 2018-10-26 | Ceased 2022-09-06 |
| Pedro Schirmer | Individual | Shares 25–50%, Voting 25–50% | 2018-10-26 | Ceased 2020-03-31 |
| Borja Del Castillo Ramirez | Individual | Shares 25–50%, Voting 25–50% | 2018-10-26 | Active |
Filing timeline
Last 20 of 31 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-08-05 | AA | accounts | accounts with accounts type full |
| 2025-07-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-24 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-09-30 | AA | accounts | accounts with accounts type full |
| 2024-08-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-08-09 | CH01 | officers | change person director company with change date |
| 2023-09-15 | AA | accounts | accounts with accounts type full |
| 2023-09-06 | AA01 | accounts | change account reference date company previous shortened |
| 2023-07-12 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-07-07 | AA | accounts | accounts with accounts type full |
| 2022-11-14 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-11-10 | CH01 | officers | change person director company with change date |
| 2022-11-07 | SH03 | capital | capital return purchase own shares |
| 2022-10-04 | RESOLUTIONS | resolution | resolution |
| 2022-09-30 | SH06 | capital | capital cancellation shares |
| 2022-09-29 | PSC01 | persons-with-significant-control | notification of a person with significant control |
| 2022-09-29 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-09-29 | MA | incorporation | memorandum articles |
| 2022-05-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-12-24 | AA | accounts | accounts with accounts type total exemption full |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
285.44
SAFE
Altman Z″
- Working capital / Total assets 0.994 × 6.56 = +6.52
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.353 × 6.72 = +2.37
- Book equity / Total liabilities 263.375 × 1.05 = +276.54
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
13.7
COLD
/ 100
- Filings velocity 25
- Capital events 0
- Officer churn 0
- Headcount trajectory 50
- Accounts trajectory 0
- 3 filing(s) in last 12 months
- Employees +0% YoY
- Turnover -73% YoY