INNOVA CAPITAL 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

  -47.5%

  £1,639,000 → £861,000

• Cash

  -41.7%

  £5,431,000 → £3,167,000

• Net assets

  -31.7%

  £111,423,000 → £76,143,000

• Employees

  -2.2%

  136 → 133

• Operating profit

  -63.1%

  -£12,848,000 → -£20,949,000

• Profit before tax

  -39.9%

  -£14,190,000 → -£19,850,000

• Wages

  +47.6%

  £7,343,000 → £10,837,000

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. INNOVA CAPITAL LIMITED 2017-04-26 → present
2. ETHICAL CAPITAL LIMITED 2015-07-22 → 2017-04-26

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Arnold Hill & Co LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, which assumes that the Group and Company will continue to operate for the foreseeable future. At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future.”

Group structure

1. INNOVA CAPITAL LIMITED · parent
   1. Innova Renewables Limited 85% · England & Wales
   2. Innova Property Limited 81% · England & Wales
   3. Innova Wrexham Property Holdings Limited 50.2% · England & Wales
   4. Carn Nicholas Holdings Limied 100% · England & Wales
   5. Innova Capital Europe Limited 100% · England & Wales
   6. Innova Solar Limited 100% · England & Wales

Significant events

• “In January 2025 Innova Renewables Holdings sold its shares in Solar Nexus Limited to Shroders Greencoat Wessex Solar Limited.”
• “In March 2025 IR DNO Midco Limited sold its shares in Tolldish Solar Limited to ISG Renewables Limited.”
• “In June 2025 IR DNO Limited closed its TP Leasing Limited facility early and entered a new £55m facility repayable in 3 years. IR DNO Limited also sold its shares in Cefn Park Solar Limited to Atrato Onsite Energy Holdco Limited.”
• “In July 2025 Innova Capital Limited sold its shares in Innova Wrexham Property Holdings Limited to Novus Solar Developments Limited. The IR DNO Limited and Innova Renewables NG Limited sold its shares in Park Hill Energy Extension Limited and Bushbury Green NG Limited.”
• “In August 2025 Innova Renewables NG Holdings Limited sold its shares in Blackdyke BESS Limited to Zenobe Energy Limited.”
• “In September 2025 Innova Renewables NG Holdings negotiated an extension to its CH1 loan facility, extending repayments dates by one year.”

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

8

last 24 months

Officers appointed

0

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.