INNOVA RENEWABLES LIMITED
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Cash
£7.6m
+162.7% highest in 3 filed years
Net assets
£68m
-11.8% lowest in 3 filed years
Employees
90
-28% lowest in 3 filed years
Profit before tax
-£1.8m
+91.3% highest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,032,000 | £959,000 | £594,000 | -38.1% | |
| Operating profit | -£12,760,000 | -£21,440,000 | -£33,227,000 | -55% | |
| Profit before tax | -£14,035,000 | -£20,326,000 | -£1,769,000 | +91.3% | |
| Net profit | -£13,923,000 | -£20,432,000 | — | — | |
| Cash | £5,280,000 | £2,892,000 | £7,597,000 | +162.7% | |
| Total assets less current liabilities | £153,743,000 | £84,124,000 | £122,857,000 | +46% | |
| Net assets | £113,133,000 | £77,126,000 | £68,031,000 | -11.8% | |
| Equity | £113,133,000 | £77,126,000 | £68,031,000 | -11.8% | |
| Average employees | 130 | 125 | 90 | -28% | |
| Wages | £7,013,000 | £9,962,000 | £8,568,000 | -14% | |
| Directors' remuneration | £712,000 | £1,131,000 | £815,000 | -27.9% | |
| Directors' pension contributions | — | £8,000 | £17,000 | +112.5% | |
| Highest paid director | £214,000 | £304,000 | £285,000 | -6.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -8.3% | -25.5% | -27.0% | |
| Gearing (liabilities / total assets) | 44.5% | 56.8% | 62.4% | |
| Current ratio | 0.64x | 0.20x | 0.52x | |
| Interest cover | -4.10x | -2.91x | -3.93x |
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.
Audit & accounting basis
- 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.”
Group structure
- INNOVA RENEWABLES LIMITED · parent
- Innova Energy Holdings Limited 100%
- Innova Energy Limited 100%
- IR DNO Limited 100%
- Innova Renewables Developments Limited 100%
Significant events
- “On 09 September 2026 Innova Renewables Limited (i) issued 6,786,375 warrants over 1,670,596 Ordinary B shares in exchange for £104,412 and 5,115,779 Ordinary C shares in exchange for £511,578...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Ryan Louis | Director | 2023-09-05 | Dec 1990 | British |
| DUMMETT, Robin Piers | Director | 2019-07-09 | Aug 1971 | British |
| KAYE, Andrew Charles | Director | 2019-07-09 | Oct 1957 | British |
| MUSHIN, Daniel Jacob | Director | 2024-09-26 | Dec 1989 | British |
| WALTENSPUL, Christoph | Director | 2020-09-28 | May 1959 | Swiss |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRIVAT, Dorothee Jeanne Simone | Director | 2023-09-05 | 2024-09-26 |
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 | 2019-07-09 | Active |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-29 RESOLUTIONS Resolution
- 2026-09-29 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2026-09-29 | RESOLUTIONS | resolution | Resolution | |
| 2026-09-29 | MA | incorporation | Memorandum articles | |
| 2026-09-29 | SH02 | capital | Capital alter shares subdivision | |
| 2026-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-12 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2024-01-12 | PARENT_ACC | accounts | Legacy | |
| 2023-11-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-01 | AGREEMENT2 | other | Legacy | |
| 2023-11-01 | GUARANTEE2 | other | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.