ADVANCE INNOVATION LIMITED
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Cash
£83K
+99.2% highest in 3 filed years
Net assets
£1.6M
-41.9% lowest in 3 filed years
Employees
119
+13.3% highest in 3 filed years
Profit before tax
-£1.5M
-227.9% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,707,593 | £26,815,783 | £22,902,497 | -14.6% | |
| Operating profit | £759,882 | £1,305,023 | -£986,481 | -175.6% | |
| Profit before tax | £686,916 | £1,164,752 | -£1,489,788 | -227.9% | |
| Net profit | £514,989 | £876,882 | -£1,158,113 | -232.1% | |
| Cash | £32,391 | £41,533 | £82,730 | +99.2% | |
| Total assets less current liabilities | £2,135,542 | £2,862,667 | £1,659,663 | -42% | |
| Net assets | £2,034,335 | £2,761,217 | £1,603,104 | -41.9% | |
| Equity | £2,034,335 | £2,761,217 | £1,603,104 | -41.9% | |
| Average employees | 63 | 105 | 119 | +13.3% | |
| Wages | £3,016,300 | £4,953,573 | £5,532,223 | +11.7% | |
| Directors' remuneration | £342,147 | £298,939 | £368,401 | +23.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 3.9% | 4.9% | -4.3% | |
| Net margin | 2.6% | 3.3% | -5.1% | |
| Return on capital employed | 35.6% | 45.6% | -59.4% | |
| Gearing (liabilities / total assets) | 77.0% | 71.1% | 80.1% | |
| Current ratio | 1.16x | 1.22x | 1.07x | |
| Interest cover | 10.41x | 13.70x | -13.31x |
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.
Name history
Renamed 2 times since incorporation
- ADVANCE INNOVATION LIMITED 2006-06-13 → present
- N S MICROWAVE (GROUP) LIMITED 2006-05-12 → 2006-06-13
- MARKGUIDE LIMITED 2006-04-10 → 2006-05-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Mercer & Hole LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors deem that it is appropriate to prepare these financial statements on the going concern basis.”
Group structure
- ADVANCE INNOVATION LIMITED · parent
- Prestige Catering Equipment Limited 100%
- Phoenix Commercial Catering Equipment Limited 100%
- GDI Cooling Ltd 100%
Significant events
- “Turnover decreased by 15% in 2025 due to a one-off installation project ending and efficiency issues in the service business, leading to a decrease in pre-tax profits.”
- “An accounting review identified and corrected accounting issues in the service business, resulting in a restatement of 2024 comparatives and a £465,000 net of tax impact on retained earnings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COATES, Felicity Jane | Director | 2006-04-10 | Oct 1958 | British |
| COATES, Stephen William | Director | 2006-04-10 | Jan 1954 | British |
| MORRIS, Phillip James | Director | 2025-05-01 | Oct 1978 | British |
| YEATES, Ryan Dean | Director | 2022-11-30 | May 1992 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COATES, Stephen William | Secretary | 2006-04-10 | 2011-03-31 |
| TURNBULL, Jonathan | Secretary | 2011-04-01 | 2022-10-14 |
| DINAN, Jennie | Director | 2014-12-22 | 2020-08-31 |
| DINAN, Peter John | Director | 2011-04-01 | 2023-01-16 |
| PANNELL, Darryl Michael | Director | 2015-07-31 | 2020-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen William Coates | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mrs Felicity Jane Coates | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 78 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-30 MA Memorandum articles
- 2024-07-30 RESOLUTIONS Resolution
- 2023-09-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-04-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-26 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | MA | incorporation | Memorandum articles | |
| 2024-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-20 | AA | accounts | Accounts with accounts type group | |
| 2024-04-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-21 | SH06 | capital | Capital cancellation shares | |
| 2023-09-21 | SH03 | capital | Capital return purchase own shares | |
| 2023-09-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-11 | AA | accounts | Accounts with accounts type group | |
| 2023-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.