INOVATTEC LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-26 (in 2mo)
Last made up 2025-07-12
Watchouts
None on the register
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
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-31 | 2021-11-30 | 2022-11-30 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 93.6% | 75.4% | |
| Net margin | — | — | — | — | 71.6% | 55.7% | |
| Interest cover | — | — | — | — | — | 56.86x |
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.
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-72.8%
£26,643,598 £7,253,744
-
Cash
+6.5%
£14,107,507 £15,030,858
-
Net assets
-19.2%
£19,078,920 £15,418,470
-
Employees
0%
2 2
-
Operating profit
-78.1%
£24,934,269 £5,468,243
-
Profit before tax
-78.4%
£24,934,269 £5,389,353
-
Wages
-25%
£480,000 £360,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers