HEALTH INNOVATION NORTH EAST AND NORTH CUMBRIA LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  -8.8%

  £10,660,334 → £9,724,314

• Cash

  +2.3%

  £8,425,248 → £8,618,502

• Net assets

  —

  Not reported

• Employees

  +9%

  67 → 73

• Operating profit

  +47.7%

  £42,261 → £62,420

• Profit before tax

  +47.7%

  £42,261 → £62,420

• Wages

  +7.5%

  £4,218,903 → £4,536,981

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. HEALTH INNOVATION NORTH EAST AND NORTH CUMBRIA LIMITED 2024-01-11 → present
2. THE ACADEMIC HEALTH SCIENCE NETWORK FOR THE NORTH EAST AND NORTH CUMBRIA LIMITED 2013-10-10 → 2024-01-11

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared using the going concern basis. There continues to be a huge increase in appetite and demand for those areas of innovation that have become a necessity for healthcare provision. The core commission for HI NENC, from NHS England is encompassed in a fully executed Master Level Agreement, which was agreed in June 2023, that encompasses the period to March 2028. Further, the Company has been successful in achieving its strategy of diversifying and increasing income streams to further minimise income risk. The Directors consider that with the good level of cash held and sufficient future financial resources confirmed, the company is in a strong position to overcome any further challenges that may arise over the coming months. After consideration of these factors, the Directors consider it appropriate to prepare the financial statements on a going concern basis.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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