INNOVATE AWARDING LTD
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-07-31
Confirmation statement due
2027-04-17 (in 11mo)
Last made up 2026-04-03
Watchouts
None on the register
Cash
£918K
Latest balance sheet
Net assets
£16M
highest in 3 filed years
Employees
189
highest in 3 filed years
Profit before tax
—
Period ending 2024-07-31
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-07-31
| Metric | Trend | 2021-02-01 | 2022-01-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|
| Turnover | — | £11,422,452 | £11,972,924 | £8,784,000 | |
| Operating profit | — | £3,222,244 | £1,543,521 | £440,000 | |
| Profit before tax | — | £3,222,244 | £1,543,521 | — | |
| Net profit | — | £3,208,854 | £1,543,521 | £458,000 | |
| Cash | — | £1,454,088 | £429,721 | £918,000 | |
| Total assets less current liabilities | — | £14,356,607 | £15,900,128 | £16,359,000 | |
| Net assets | — | £14,356,607 | £15,900,128 | £16,359,000 | |
| Equity | £11,147,753 | £14,356,607 | £15,900,128 | £16,359,000 | |
| Average employees | — | 111 | 168 | 189 | |
| Wages | — | £5,175,336 | £7,085,582 | £5,440,000 | |
| Directors' remuneration | — | £174,355 | £269,538 | £164,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-07-31 vs 2023-07-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-02-01 | 2022-01-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|
| Operating margin | — | 28.2% | 12.9% | 5.0% | |
| Net margin | — | 28.1% | 12.9% | 5.2% | |
| Return on capital employed | — | 22.4% | 9.7% | 2.7% | |
| Gearing (liabilities / total assets) | — | — | 11.3% | 12.3% | |
| Current ratio | — | — | 8.69x | 8.02x |
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 1 time since incorporation
- INNOVATE AWARDING LTD 2015-10-06 → present
- LIFETIME AWARDING LIMITED 2010-04-06 → 2015-10-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Bishop Fleming LLP
- 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
- “The Group took the decision to recharge a share of group central costs to its trading subsidiaries in the period and Innovate's share of these was £790k in the period. This was a new policy to enhance financial transparency across Group entities the with no such recharge in the period to July 2023.”
- “The company has prepared accounts for the 12 month period ended 31 July 2024, with the previous period being an 18 month period ended 31 July 2023. This was due to a change in the control of the controlling party in the previous period and to align the year end to the new controlling party.”
- “One of the other companies within the Group is currently negotiating a settlement for a matter relating to a funding agency (the "Funding Partner").”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAY, Robert | Director | 2025-10-29 | Feb 1974 | British |
| MCNAMARA, John Patrick | Director | 2014-06-30 | Mar 1953 | Irish |
| THOMAS, Michael Anthony | Director | 2023-09-25 | Apr 1976 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MITCHELL, Peter James | Secretary | 2010-09-08 | 2022-05-06 |
| PATON, Carol | Secretary | 2010-12-27 | 2016-10-03 |
| BOSWORTH, Charlotte Patricia | Director | 2021-03-01 | 2025-06-03 |
| FRANKHAM, Heather Jane | Director | 2014-06-30 | 2016-10-03 |
| FRANKHAM, Heather Jane | Director | 2010-04-06 | 2012-12-21 |
| JARVIS, Jerry Percival | Director | 2014-06-30 | 2017-01-31 |
| PATON, Robert James | Director | 2010-09-08 | 2016-10-03 |
| RODRIGUEZ CESENAS, Jose Jesus | Director | 2014-06-30 | 2016-10-03 |
| RUSSELL, Geoffrey Scott | Director | 2022-08-02 | 2023-05-22 |
| SKINNER, Charles David | Director | 2025-06-06 | 2025-10-20 |
| WITHEY, Simon Benedict | Director | 2017-07-17 | 2021-02-28 |
| YURKWICH, Adrian Michael | Director | 2021-03-01 | 2022-08-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lifetime Training Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-31 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-13 | CH01 | officers | Change person director company with change date | |
| 2025-06-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2024-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-21 | AA01 | accounts | Change account reference date company current extended | |
| 2022-11-24 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.