INNOVATE CAMBRIDGE LTD

1. INNOVATE CAMBRIDGE LTD 2024-07-22 → present
2. CAMBRIDGE& LTD 2020-02-25 → 2024-07-22

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

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PEM Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Our auditor Peters Elworthy and Moore transferred their audit registration and therefore that part of their business to a newly incorporated limited company, PEM Audit Limited, on 1 September 2025. Accordingly, Peters Elworthy and Moore ceased to be the Company's auditor with the Directors duly appointing PEM Audit Limited to fill the vacancy arising.”
• “During the year the Directors undertook a review of the contractual arrangements between the Company, its parent undertaking (University of Cambridge) and a fellow subsidiary undertaking (Cambridge Enterprise Limited "CEL"). The Directors' determined that the Company bears all of the risks and rewards under its contractual arrangements with these parties and that CEL was acting purely as an administrator to the parties. The Directors therefore concluded that the Company acts as a principal in these contractual arrangements and not as an agent as had been previously concluded.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +225.3%

  £240,790 → £783,209

• Cash

  +132.5%

  £94,144 → £218,926

• Net assets

  +18.5%

  £64,970 → £76,976

• Employees

  —

  Not reported

• Operating profit

  +15.8%

  £12,554 → £14,542

• Profit before tax

  +15.8%

  £12,554 → £14,542

• Wages

  +2,671.6%

  £10,417 → £288,714

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