innovation birmingham limited
innovation birmingham limited Company Information
Company Number
01720256
Next Accounts
Jun 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
birmingham science limited
Group Structure
View All
Contact
Registered Address
union albert square, manchester, M2 6LW
Website
www.innovationbham.co.ukinnovation birmingham limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION BIRMINGHAM LIMITED at £1.9m based on a Turnover of £1.6m and 1.21x industry multiple (adjusted for size and gross margin).
innovation birmingham limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION BIRMINGHAM LIMITED at £0 based on an EBITDA of £-822k and a 2.38x industry multiple (adjusted for size and gross margin).
innovation birmingham limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION BIRMINGHAM LIMITED at £0 based on Net Assets of £-6.7m and 1.71x industry multiple (adjusted for liquidity).
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Innovation Birmingham Limited Overview
Innovation Birmingham Limited is a live company located in manchester, M2 6LW with a Companies House number of 01720256. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 1983, it's largest shareholder is birmingham science limited with a 100% stake. Innovation Birmingham Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.
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Innovation Birmingham Limited Health Check
Pomanda's financial health check has awarded Innovation Birmingham Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.6m, make it larger than the average company (£851.7k)
£1.6m - Innovation Birmingham Limited
£851.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (2.8%)
-8% - Innovation Birmingham Limited
2.8% - Industry AVG
Production
with a gross margin of -23.7%, this company has a higher cost of product (72.4%)
-23.7% - Innovation Birmingham Limited
72.4% - Industry AVG
Profitability
an operating margin of -55.8% make it less profitable than the average company (27.4%)
-55.8% - Innovation Birmingham Limited
27.4% - Industry AVG
Employees
with 5 employees, this is above the industry average (4)
5 - Innovation Birmingham Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Innovation Birmingham Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £311.4k, this is more efficient (£182.6k)
£311.4k - Innovation Birmingham Limited
£182.6k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (33 days)
39 days - Innovation Birmingham Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (34 days)
37 days - Innovation Birmingham Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Innovation Birmingham Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Innovation Birmingham Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.2%, this is a higher level of debt than the average (68%)
139.2% - Innovation Birmingham Limited
68% - Industry AVG
INNOVATION BIRMINGHAM LIMITED financials
Innovation Birmingham Limited's latest turnover from September 2023 is £1.6 million and the company has net assets of -£6.7 million. According to their latest financial statements, Innovation Birmingham Limited has 5 employees and maintains cash reserves of £111 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,557,000 | 1,268,000 | 2,680,000 | 1,989,000 | 3,818,000 | 1,238,759 | 1,051,876 | 1,147,406 | 1,474,394 | 1,854,992 | 1,963,617 | 1,834,712 | 1,791,928 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 1,926,000 | 1,356,000 | 2,570,000 | 1,856,000 | 2,019,000 | 0 | 0 | 0 | ||||||
| Gross Profit | -369,000 | -88,000 | 110,000 | 133,000 | 1,799,000 | 1,238,759 | 1,051,876 | 1,147,406 | ||||||
| Admin Expenses | 500,000 | 700,000 | 521,000 | 886,000 | 2,207,000 | 996,214 | 1,108,950 | 960,989 | ||||||
| Operating Profit | -869,000 | -788,000 | -411,000 | -753,000 | -408,000 | 242,545 | -57,074 | 186,417 | -224,196 | -252,674 | -291,876 | 70,603 | 390 | |
| Interest Payable | 341,000 | 230,000 | 411,000 | 571,000 | 856,000 | 529,500 | 515,475 | 476,000 | 462,000 | 461,000 | 529,000 | 475,000 | 484,000 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 484,000 | 459,000 | 441,000 | 420,938 | 418,052 | 580,480 | 511,199 | 490,299 | |
| Pre-Tax Profit | -5,044,000 | -749,000 | -404,000 | -2,662,000 | 281,000 | 197,045 | -113,549 | 151,417 | -265,258 | -295,622 | -240,396 | 106,802 | 16,332 | |
| Tax | 0 | -266,000 | 297,000 | 377,000 | -155,000 | 0 | 0 | 0 | 0 | 0 | 12,681 | -14,200 | -549 | |
| Profit After Tax | -5,044,000 | -1,015,000 | -107,000 | -2,285,000 | 126,000 | 197,045 | -113,549 | 151,417 | -265,258 | -295,622 | -227,715 | 92,602 | 15,783 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -5,044,000 | -1,015,000 | -107,000 | -2,285,000 | 126,000 | 197,045 | -113,549 | 151,417 | -265,258 | -295,622 | -227,715 | 92,602 | 15,783 | |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 1,266,292 | 1,328,266 | 1,379,208 | 1,224,021 | 1,396,354 | 1,450,228 | 1,389,440 | 1,334,488 | |
| Number Of Employees | 5 | 4 | 4 | 5 | 41 | 37 | 36 | 38 | 36 | 41 | 39 | 32 | 32 | |
| EBITDA* | -822,000 | -747,000 | -321,000 | -609,000 | -64,000 | 271,626 | -25,464 | 251,449 | -128,108 | -128,043 | -151,417 | 148,883 | 38,496 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,897,000 | 14,527,000 | 13,897,000 | 13,976,000 | 15,233,000 | 71,563 | 70,821 | 83,123 | 89,937 | 121,239 | 215,214 | 379,082 | 474,945 | 231,234 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,052,000 | 2,052,000 | 2,052,000 | 1,087,000 | 4,000 | 4,171 | 44,194 | 41,870 | 43,217 | 16,394 | 36,382 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 335,000 | 574,000 | 521,000 | 82,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,284,000 | 17,153,000 | 16,470,000 | 15,145,000 | 15,237,000 | 75,734 | 115,015 | 124,993 | 133,154 | 137,633 | 251,596 | 379,082 | 474,945 | 231,234 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 170,000 | 118,000 | 68,000 | 258,000 | 817,000 | 440,580 | 256,267 | 211,889 | 37,257 | 110,495 | 519,966 | 264,876 | 329,368 | 276,443 |
| Group Debtors | 0 | 0 | 156,000 | 54,000 | 1,218,000 | 14,284,431 | 13,443,169 | 12,519,770 | 12,005,340 | 10,968,614 | 11,412,003 | 11,673,656 | 10,563,676 | 9,114,920 |
| Misc Debtors | 2,568,000 | 444,000 | 416,000 | 489,000 | 290,000 | 391,393 | 859,351 | 527,323 | 773,272 | 696,149 | 403,955 | 210,794 | 313,310 | 157,014 |
| Cash | 111,000 | 111,000 | 214,000 | 181,000 | 256,000 | 201,142 | 326,473 | 453,211 | 217,007 | 269,489 | 308,406 | 238,971 | 394,732 | 622,207 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,849,000 | 673,000 | 854,000 | 982,000 | 2,581,000 | 15,317,546 | 14,885,260 | 13,712,193 | 13,032,876 | 12,044,747 | 12,644,330 | 12,388,297 | 11,601,086 | 10,170,584 |
| total assets | 17,133,000 | 17,826,000 | 17,324,000 | 16,127,000 | 17,818,000 | 15,393,280 | 15,000,275 | 13,837,186 | 13,166,030 | 12,182,380 | 12,895,926 | 12,767,379 | 12,076,031 | 10,401,818 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 197,000 | 90,000 | 354,000 | 32,000 | 9,000 | 605,250 | 343,658 | 224,798 | 174,668 | 228,292 | 456,568 | 349,297 | 182,585 | 151,201 |
| Group/Directors Accounts | 13,899,000 | 11,299,000 | 9,298,000 | 3,060,000 | 1,909,000 | 14,191,995 | 13,665,086 | 13,144,250 | 12,581,479 | 11,352,029 | 11,666,631 | 11,366,742 | 10,443,116 | 9,204,355 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 270,000 | 270,000 | 270,000 | 180,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,715,000 | 1,046,000 | 1,256,000 | 868,000 | 1,319,000 | 978,018 | 1,138,317 | 804,196 | 714,619 | 1,233,757 | 1,087,995 | 935,330 | 1,011,389 | 964,814 |
| total current liabilities | 16,811,000 | 12,435,000 | 10,908,000 | 3,960,000 | 3,237,000 | 16,045,263 | 15,417,061 | 14,443,244 | 13,650,766 | 12,814,078 | 13,211,194 | 12,651,369 | 11,637,090 | 10,320,370 |
| loans | 7,043,000 | 7,068,000 | 7,038,000 | 12,690,000 | 12,690,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 40,000 | 32,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 161,000 | 5,143 | 12,915 | 20,688 | 28,461 | 32,916 | 84,088 | 219,744 | 314,960 | 0 |
| total long term liabilities | 7,043,000 | 7,068,000 | 7,078,000 | 12,722,000 | 12,851,000 | 5,143 | 12,915 | 20,688 | 28,461 | 32,916 | 84,088 | 219,744 | 314,960 | 0 |
| total liabilities | 23,854,000 | 19,503,000 | 17,986,000 | 16,682,000 | 16,088,000 | 16,050,406 | 15,429,976 | 14,463,932 | 13,679,227 | 12,846,994 | 13,295,282 | 12,871,113 | 11,952,050 | 10,320,370 |
| net assets | -6,721,000 | -1,677,000 | -662,000 | -555,000 | 1,730,000 | -657,126 | -429,701 | -626,746 | -513,197 | -664,614 | -399,356 | -103,734 | 123,981 | 81,448 |
| total shareholders funds | -6,721,000 | -1,677,000 | -662,000 | -555,000 | 1,730,000 | -657,126 | -429,701 | -626,746 | -513,197 | -664,614 | -399,356 | -103,734 | 123,981 | 81,448 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -869,000 | -788,000 | -411,000 | -753,000 | -408,000 | 242,545 | -57,074 | 186,417 | -224,196 | -252,674 | -291,876 | 70,603 | 390 | |
| Depreciation | 47,000 | 41,000 | 90,000 | 144,000 | 344,000 | 31,944 | 29,081 | 31,610 | 65,032 | 96,088 | 124,631 | 140,459 | 78,280 | 38,106 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -266,000 | 297,000 | 377,000 | -155,000 | 0 | 0 | 0 | 0 | 0 | 12,681 | -14,200 | -549 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,937,000 | -25,000 | 278,000 | -1,442,000 | -12,791,404 | 557,617 | 1,299,805 | 443,113 | 1,040,611 | -560,666 | 186,598 | 942,972 | 1,657,977 | 9,548,377 |
| Creditors | 107,000 | -264,000 | 322,000 | 23,000 | -596,250 | 261,592 | 118,860 | 50,130 | -53,624 | -228,276 | 107,271 | 166,712 | 31,384 | 151,201 |
| Accruals and Deferred Income | 1,669,000 | -210,000 | 388,000 | -451,000 | 340,982 | -160,299 | 334,121 | 89,577 | -519,138 | 145,762 | 152,665 | -76,059 | 46,575 | 964,814 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -161,000 | 155,857 | -7,772 | -7,773 | -7,773 | -4,455 | -51,172 | -135,656 | -95,216 | 314,960 | 0 |
| Cash flow from operations | -983,000 | -1,462,000 | 408,000 | 621,000 | 12,472,993 | -582,971 | -336,643 | -1,366,379 | 298,872 | -190,361 | -1,086,271 | -1,130,375 | -8,394,415 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 965,000 | 1,083,000 | -171 | -40,023 | 2,324 | -1,347 | 26,823 | -19,988 | 36,382 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,600,000 | 2,001,000 | 6,238,000 | 1,151,000 | -12,282,995 | 526,909 | 520,836 | 562,771 | 1,229,450 | -314,602 | 299,889 | 923,626 | 1,238,761 | 9,204,355 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -270,000 | 0 | 0 | 90,000 | 180,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -25,000 | 30,000 | -5,652,000 | 0 | 12,690,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -40,000 | 8,000 | 32,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -341,000 | -230,000 | -411,000 | -571,000 | -856,000 | -45,500 | -56,475 | -35,000 | -41,062 | -42,948 | 51,480 | 36,199 | 6,299 | |
| cash flow from financing | 2,234,000 | 1,761,000 | 183,000 | 612,000 | 1,542,131 | 475,336 | 596,296 | 1,374,450 | -355,664 | 256,941 | 975,106 | 1,224,891 | 9,276,319 | |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | -103,000 | 33,000 | -75,000 | 54,858 | -125,331 | -126,738 | 236,204 | -52,482 | -38,917 | 69,435 | -155,761 | -227,475 | 622,207 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -103,000 | 33,000 | -75,000 | 54,858 | -125,331 | -126,738 | 236,204 | -52,482 | -38,917 | 69,435 | -155,761 | -227,475 | 622,207 |
innovation birmingham limited Credit Report and Business Information
Innovation Birmingham Limited Competitor Analysis
Perform a competitor analysis for innovation birmingham limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
innovation birmingham limited Ownership
INNOVATION BIRMINGHAM LIMITED group structure
Innovation Birmingham Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
INNOVATION BIRMINGHAM LIMITED
01720256
2 subsidiaries
innovation birmingham limited directors
Innovation Birmingham Limited currently has 8 directors. The longest serving directors include Mr Christopher Oglesby (Apr 2018) and Mr Peter Crowther (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Oglesby | United Kingdom | 57 years | Apr 2018 | - | Director |
| Mr Peter Crowther | England | 52 years | Apr 2018 | - | Director |
| Mr Bradley Topps | United Kingdom | 36 years | May 2021 | - | Director |
| Mr Bradley Topps | United Kingdom | 36 years | May 2021 | - | Director |
| Ms Ciara Keeling | United Kingdom | 40 years | Oct 2023 | - | Director |
| Mr John Marland | United Kingdom | 57 years | Dec 2023 | - | Director |
| Mr Kevin Crotty | United Kingdom | 48 years | Dec 2023 | - | Director |
| Mr Mark Leech | England | 40 years | Jun 2024 | - | Director |
P&L
September 2023turnover
1.6m
+23%
operating profit
-869k
+10%
gross margin
-23.6%
+241.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-6.7m
+3.01%
total assets
17.1m
-0.04%
cash
111k
0%
net assets
Total assets minus all liabilities
innovation birmingham limited company details
company number
01720256
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
May 1983
age
42
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2023
previous names
birmingham science park aston limited (May 2018)
aston science park limited (August 2009)
See moreaccountant
-
auditor
DELOITTE LLP
address
union albert square, manchester, M2 6LW
Bank
TSB BANK
Legal Advisor
-
innovation birmingham limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to innovation birmingham limited. Currently there are 1 open charges and 1 have been satisfied in the past.
innovation birmingham limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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innovation birmingham limited Companies House Filings - See Documents
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