ADVANCE INNOVATION LIMITED

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

• Turnover

  +36.4%

  £19,707,593 → £26,883,889

• Cash

  +28.2%

  £32,391 → £41,533

• Net assets

  +58.6%

  £2,034,335 → £3,226,110

• Employees

  +66.7%

  63 → 105

• Operating profit

  +130.4%

  £759,882 → £1,750,768

• Profit before tax

  +153.5%

  £686,916 → £1,741,276

• Wages

  +64.1%

  £3,016,300 → £4,948,454

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

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.

1. ADVANCE INNOVATION LIMITED 2006-06-13 → present
2. N S MICROWAVE (GROUP) LIMITED 2006-05-12 → 2006-06-13
3. MARKGUIDE LIMITED 2006-04-10 → 2006-05-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors regularly assess the availability of future financial resource through use of forecast modelling and react to changes in expected trading activity. A detailed forecast and cashflow have been prepared to March 2026 incorporating future expected revenue including committed orders and pipeline prospects where the directors are 90% confident of conversion to realisable sales. As a result of these factors, the directors deem that it is appropriate to prepare these financial statements on the going concern basis.”

Group structure

1. ADVANCE INNOVATION LIMITED · parent
   1. Prestige Catering Equipment Limited 100% · England and Wales · Non-trading
   2. Phoenix Commercial Catering Equipment Limited 100% · England and Wales · Non-trading
   3. GDI Cooling Ltd 100% · England and Wales · Non-trading

Significant events

• “A significant event during the financial year was the acquisition of GDI Cooling Limited. GDI specialise in refrigeration equipment installation, maintenance and repair. As a result of the acquisition, the Advance Group are now able to self-deliver previously subcontracted services greatly enhancing our response rates and customer experience.”
• “On 01 October 2023, the net assets of subsidiary Phoenix Commercial Catering Equipment Limited were hived-up to the Company.”
• “On 01 December 2023, the Company acquired ownership of GDI Cooling Ltd. On 31 January 2024, the net assets were hived-up to the Company.”
• “During the year, the company wrote off an irrecoverable loan issued to fund the development of an e-commerce business to run alongside the main trading company.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.