INNOVA RENEWABLES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-22 (in 2mo)
Last made up 2025-07-08
Watchouts
None on the register
Cash
£3M
-45.2% vs 2023
Net assets
£77M
-31.8% vs 2023
Employees
125
-3.8% vs 2023
Profit before tax
-£20M
-44.8% vs 2023
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £2,032,000 | £959,000 | |
| Operating profit | — | -£12,760,000 | -£21,440,000 | |
| Profit before tax | — | -£14,035,000 | -£20,326,000 | |
| Net profit | — | -£13,923,000 | -£20,432,000 | |
| Cash | £1,981,000 | £5,280,000 | £2,892,000 | |
| Total assets less current liabilities | — | £153,743,000 | £84,124,000 | |
| Net assets | — | £113,133,000 | £77,126,000 | |
| Equity | -£5,443,000 | £113,133,000 | £77,126,000 | |
| Average employees | — | 130 | 125 | |
| Wages | — | £7,013,000 | £9,962,000 | |
| Directors' remuneration | £135,728 | £712,000 | £1,111,000 |
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 2024-12-31 vs 2023-12-31
-
Turnover
-52.8%
£2,032,000 £959,000
-
Cash
-45.2%
£5,280,000 £2,892,000
-
Net assets
-31.8%
£113,133,000 £77,126,000
-
Employees
-3.8%
130 125
-
Operating profit
-68%
-£12,760,000 -£21,440,000
-
Profit before tax
-44.8%
-£14,035,000 -£20,326,000
-
Wages
+42.1%
£7,013,000 £9,962,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Return on capital employed | — | -8.3% | -25.5% | |
| Current ratio | — | 0.64x | 0.20x | |
| Interest cover | — | -4.10x | -2.91x |
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. The directors have a reasonable expectation that the Group and company have adequate resources to continue as a going concern for a period of at least 12 months from the date of signing of these financial statements. The auditor has not identified any material uncertainties.”
Group structure
- INNOVA RENEWABLES LIMITED · parent
- Innova Energy Holdings Limited 100%
- Innova Energy Limited 100%
- IR DNO Limited 100%
- IR TNO (Employee) Limited 100%
- IR DNO (Employee) Limited 100%
- Innova Renewables Developments Limited 100%
- Innova Ventures Limited 100%
- Jepiphany Limited 100%
- IR TNO (MidCo) Limited 100%
- Innova NG Operations Limited 100%
- Innova Renewables NG Holdings II Limited 100%
- Innova Renewables NG Holdings Limited 100%
- Abergelli Farm BESS Limited 75%
- Almholme BESS Solar Limited 75%
- Almholme Solar Limited 88%
- Blackdyke BESS Limited 75%
- Bushbury BESS Limited 75%
- Bushbury Green NG Limited 81%
- Butlers Wood BESS Limited 75%
- Butlers Wood NG Limited 81%
- Cellarhead Green BESS Limited 75%
- Cellarhead Green NG Limited 81%
- Daines BESS Limited 75%
- Daines Green NG Limited 81%
- East Claydon BESS Limited 75%
- East Claydon Green NG Limited 81%
- Enderby BESS Limited 75%
- Enderby Green NG Limited 81%
- Fanny House Farm BESS Limited 75%
- Feckenham Green NG Limited 81%
- Harker Green NG Limited 81%
- Hawthorn Pit BESS Limited 75%
- Hawthorn Pit NG Limited 81%
- Heysham Green NG Limited 81%
- Ironbridge BESS Limited 75%
- Ironbridge Green NG Limited 81%
- Kearsley BESS Limited 75%
- Kearsley North Green NG Limited 81%
- Kirkby Green NG Limited 81%
- Newtown Farm Solar Limited 100%
- Overton BESS Limited 75%
- Overton NG Limited 81%
- Pentir BESS Limited 75%
- Pentir NG Limited 81%
- Pinfold Land BESS Limited 75%
- Saldons Farm BESS Limited 100%
- Saldons Farm Solar Limited 100%
- Salt Way Farm BESS Limited 75%
- Swansea North Green NG Limited 81%
- Thorpe Marsh NG Limited 81%
- Cilfynydd NG Limited 63%
- Coton Road BESS Limited 50%
- Dowlais Top Wind Limited 75%
- Drakelow NG Limited 63%
- Garth Fawr Farm BESS Limited 50%
- Garth Hall Farm BESS Limited 50%
- Hall Farm Solar BESS Limited 75%
- Halaughton Grange Solar BESS Limited 75%
- Hams Hall NG Limited 63%
- Hams Lane NW BESS Limited 50%
- Legacy NG Limited 50%
- Mablethorpe NG Limited 63%
- Ninfield NG Limited 63%
- Norwich NG Limited 63%
- Penwortham NG Limited 63%
- Stenson Lane BESS Limited 50%
- Willington NG Limited 63%
- IR DNO Midco Limited 100%
- IR DNO Midco II Limited 100%
- IR DNO OpCo Limited 100%
- IR DNO Construction Limited 100%
- Ascott Estate Solar Limited 100%
- Aston Grange Solar Limited 100%
- Bedworth Solar Limited 100%
- Birkenhead Battery Storage Limited 75%
- Blythe House Solar Farm Limited 100%
- Broadholme Solar Farm Limited 100%
- Bucklesham Solar Limited 100%
- Cefn Park Solar Limited 100%
- Desborough Solar and Battery Storage II Limited 100%
- Desborough Solar and Battery Storage Limited 100%
- East Claydon Road Solar Limited 100%
- Frocester Solar and Storage Limited 100%
- Fen Ditton Solar and Battery Storage Limited 100%
- Gleaston Solar and Battery Storage Limited 100%
- Gooseberry Hall Solar Limited 100%
- Gowhole Battery Storage Limited 65%
- Haigh Hall Solar 3 Limited 100%
- Ham Farm Solar Limited 100%
- IR DNO Colbrans Holdco Limited 100%
- IE HoldCo 2 Limited 100%
- IE Holdco 3 Limited 100%
- IE HoldCo 4 Limited 100%
- IE HoldCo 5 Limited 100%
- Innova Renewables Holdings Limited 92%
- IR12 Limited 100%
- IR14 Limited 100%
- Sharnford Road Solar Limited 100%
- IR DNO ESS Limited 100%
- Lains Farm Solar Limited 100%
- Lower Farm Solar and Battery Storage Limited 100%
- Milton Farm Solar Limited 100%
- Moreton Morrell Solar Limited 100%
- Nacton Solar Farm Limited 100%
- Oaks Farm Solar Limited 100%
- Old Farm Solar Limited 100%
- Park Hill Energy Extension 100%
- Parkgate Farm Solar Limited 77.5%
- Perwinnes Solar and Battery Storage Limited 100%
- Preston Farm Solar Limited 100%
- Rodington Solar and Battery Storage Limited 100%
- Solar Nexus Limited 100%
- South Lynch Solar Limited 100%
- South Street BESS Limited 100%
- St Owens Cross Battery Storage Limited 100%
- Stanton under Bardon Solar Limited 100%
- Temple Bar Solar Limited 100%
- Tolldish ISG Solar Limited 100%
- West Common BESS Limited 100%
- Westleigh Solar Farm Limited 100%
- Wrexham Solar Limited 100%
- Wrexham Grid Co. Limited 100%
- Ducklington Solar Limited 100%
- Innova Bidco Limited 100%
- IR Equipment Limited 100%
- Innova Energy II Limited 100%
- Innova Holdings Limited 100%
- Stokeford JV Co Limited 100%
Significant events
- “The Group continued its divestment programme to ISG Renewables Limited for ready to build distribution networks projects and has realised £7.4m of sales so far in 2025. Further more the group has completed its first projects rights sale of a transmission connected utility scale battery site and is at the preferred bidder stage for the sale of a 313.1MW portfolio of 10 solar and battery DNO connected sites which will provide further funding to support group activities.”
- “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 also sold its shares in Cefn Park Solar Limited to Atrato Onsite Energy Holdco Limited.”
- “In July 2025 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
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 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2023-10-20 | GUARANTEE2 | other | Legacy | |
| 2023-10-20 | AGREEMENT2 | other | Legacy | |
| 2023-09-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.