INNOVAGEN LIMITED
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Cash
£33K
+206.1% highest in 3 filed years
Net assets
-£4.3M
-35.1% lowest in 3 filed years
Employees
7
+16.7% highest in 3 filed years
Profit before tax
-£1.2M
-13.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £35,561 | £13,204 | -62.9% | |
| Operating profit | — | -£870,840 | -£939,732 | -7.9% | |
| Profit before tax | -£739,188 | -£1,061,759 | -£1,202,176 | -13.2% | |
| Net profit | -£844,391 | -£965,143 | -£1,105,065 | -14.5% | |
| Cash | £10,766 | £10,870 | £33,276 | +206.1% | |
| Total assets less current liabilities | -£2,184,073 | -£3,149,216 | -£4,254,281 | -35.1% | |
| Net assets | — | -£3,149,216 | -£4,254,281 | -35.1% | |
| Equity | -£2,184,073 | — | — | — | |
| Average employees | 3 | 6 | 7 | +16.7% | |
| Wages | £122,944 | £320,316 | £378,617 | +18.2% | |
| Directors' remuneration | £0 | £41,216 | £107,658 | +161.2% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 1189.3% | 1695.0% | |
| Current ratio | — | 0.05x | 0.04x | |
| Interest cover | — | -4.56x | -3.58x |
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.
Name history
Renamed 1 time since incorporation
- INNOVAGEN LIMITED 2022-03-22 → present
- INNOVA AGS LIMITED 2017-08-24 → 2022-03-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Arnold Hill & Co LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered a period of 12 months from the date of approval of these financial statements in preparing their going concern assessment. The going concern assessment is dependent on the ultimate parent, Innova Capital Limited, not seeking repayment of the amounts due to other group entities. Innova Capital Limited has indicated its intention to continue to make funds available as needed by the company and will not seek repayment of amounts due during the going concern assessment period. Consequently, the directors are confident that the company has sufficient funds to meet liabilities as they fall due for at least 12 months and have prepared the financial statements on a going concern basis.”
Significant events
- “The company's principal activity during the year continued to be developing a prototype end to end pyrolysis solution for converting waste into energy. The company is in a research and development phase with turnover generated from testing activities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUMMETT, Robin Piers | Director | 2017-08-24 | Aug 1971 | British |
| JOHNSON, Mark Frederick | Director | 2023-08-01 | Dec 1962 | British |
| KAYE, Andrew Charles | Director | 2017-08-24 | Oct 1957 | British |
| POOLE, Trevor Leonard | Director | 2017-11-24 | Apr 1955 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Innova Capital Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-12 | Active |
| Andrew Charles Kaye | Individual | Significant influence | 2017-08-24 | Ceased 2019-06-19 |
| Robin Piers Dummett | Individual | Significant influence | 2017-08-24 | Ceased 2019-06-12 |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-01-12 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2024-01-12 | PARENT_ACC | accounts | Legacy | |
| 2023-10-31 | AGREEMENT2 | other | Legacy | |
| 2023-10-31 | GUARANTEE2 | other | Legacy | |
| 2023-10-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-20 | GUARANTEE2 | other | Legacy | |
| 2023-10-20 | AGREEMENT2 | other | Legacy | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-08-02 | CH01 | officers | Change person director company with change date |
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.