innovative technology limited
innovative technology limited Company Information
Company Number
01954947
Next Accounts
Sep 2025
Shareholders
bellis group limited
Group Structure
View All
Industry
Other research and experimental development on natural sciences and engineering
Registered Address
innovative business park, derker street, oldham, lancashire, OL1 4EQ
innovative technology limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE TECHNOLOGY LIMITED at £148.4m based on a Turnover of £63.4m and 2.34x industry multiple (adjusted for size and gross margin).
innovative technology limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE TECHNOLOGY LIMITED at £121.1m based on an EBITDA of £10.9m and a 11.09x industry multiple (adjusted for size and gross margin).
innovative technology limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATIVE TECHNOLOGY LIMITED at £69.1m based on Net Assets of £35.9m and 1.93x industry multiple (adjusted for liquidity).
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Innovative Technology Limited Overview
Innovative Technology Limited is a live company located in oldham, OL1 4EQ with a Companies House number of 01954947. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in November 1985, it's largest shareholder is bellis group limited with a 100% stake. Innovative Technology Limited is a mature, large sized company, Pomanda has estimated its turnover at £63.4m with rapid growth in recent years.
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Innovative Technology Limited Health Check
Pomanda's financial health check has awarded Innovative Technology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £63.4m, make it larger than the average company (£4.4m)
£63.4m - Innovative Technology Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (6.8%)
42% - Innovative Technology Limited
6.8% - Industry AVG
Production
with a gross margin of 42.5%, this company has a comparable cost of product (47.1%)
42.5% - Innovative Technology Limited
47.1% - Industry AVG
Profitability
an operating margin of 16.1% make it more profitable than the average company (3.6%)
16.1% - Innovative Technology Limited
3.6% - Industry AVG
Employees
with 196 employees, this is above the industry average (46)
196 - Innovative Technology Limited
46 - Industry AVG
Pay Structure
on an average salary of £63k, the company has an equivalent pay structure (£64.5k)
£63k - Innovative Technology Limited
£64.5k - Industry AVG
Efficiency
resulting in sales per employee of £323.3k, this is more efficient (£123.9k)
£323.3k - Innovative Technology Limited
£123.9k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (55 days)
46 days - Innovative Technology Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (44 days)
12 days - Innovative Technology Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 152 days, this is more than average (126 days)
152 days - Innovative Technology Limited
126 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (31 weeks)
58 weeks - Innovative Technology Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.9%, this is a lower level of debt than the average (44.4%)
20.9% - Innovative Technology Limited
44.4% - Industry AVG
INNOVATIVE TECHNOLOGY LIMITED financials
Innovative Technology Limited's latest turnover from December 2023 is £63.4 million and the company has net assets of £35.9 million. According to their latest financial statements, Innovative Technology Limited has 196 employees and maintains cash reserves of £10.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 63,368,000 | 61,225,000 | 29,338,000 | 22,176,000 | 33,476,000 | 35,901,000 | 39,653,000 | 36,810,000 | 25,779,931 | 24,751,918 | 21,323,282 | 20,087,628 | 11,286,369 | 7,890,418 | 9,106,595 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 36,441,000 | 39,450,000 | 18,886,000 | 12,732,000 | 19,201,000 | 19,866,000 | 23,167,000 | 21,857,000 | 16,254,959 | 14,384,621 | 11,525,456 | 10,939,844 | 7,032,167 | 4,694,161 | 5,225,946 |
| Gross Profit | 26,927,000 | 21,775,000 | 10,452,000 | 9,444,000 | 14,275,000 | 16,035,000 | 16,486,000 | 14,953,000 | 9,524,972 | 10,367,297 | 9,797,826 | 9,147,784 | 4,254,202 | 3,196,257 | 3,880,649 |
| Admin Expenses | 16,708,000 | 12,501,000 | 10,681,000 | 8,261,000 | 12,276,000 | 12,185,000 | 12,424,000 | 9,843,000 | 7,557,978 | 7,724,138 | 6,640,132 | 7,178,450 | 2,969,366 | 3,086,582 | 3,651,207 |
| Operating Profit | 10,219,000 | 9,274,000 | -229,000 | 1,183,000 | 1,999,000 | 3,850,000 | 4,062,000 | 5,110,000 | 1,966,994 | 2,643,159 | 3,157,694 | 1,969,334 | 1,284,836 | 109,675 | 229,442 |
| Interest Payable | 3,000 | 1,000 | 3,000 | 2,000 | 1,000 | 1,085 | 421,860 | 437,554 | 421,270 | ||||||
| Interest Receivable | 171,000 | 6,000 | 2,000 | 7,000 | 5,000 | 2,000 | 37,000 | 14,500 | 1,436 | 8,409 | 14,945 | 4,794 | 3,524 | 6,545 | |
| Pre-Tax Profit | 10,398,000 | 9,304,000 | 220,000 | 1,752,000 | 1,373,000 | 4,818,000 | 3,142,000 | 5,147,000 | 1,780,409 | 2,644,595 | 3,166,103 | 3,663,369 | 1,038,826 | 716,687 | -149,167 |
| Tax | -297,000 | -1,004,000 | -87,000 | -97,000 | 288,000 | 423,000 | -12,000 | -199,000 | -123,704 | -149,695 | -273,025 | -278,204 | -200,678 | 53,801 | 93,484 |
| Profit After Tax | 10,101,000 | 8,300,000 | 133,000 | 1,655,000 | 1,661,000 | 5,241,000 | 3,130,000 | 4,948,000 | 1,656,705 | 2,494,900 | 2,893,078 | 3,385,165 | 838,148 | 770,488 | -55,683 |
| Dividends Paid | 1,531,000 | 1,531,000 | 1,531,000 | 1,531,000 | 2,667,000 | 4,421,000 | 1,300,000 | 2,000,000 | 2,500,000 | 10,000,000 | 419,665 | ||||
| Retained Profit | 8,570,000 | 6,769,000 | -1,398,000 | 1,655,000 | 130,000 | 2,574,000 | -1,291,000 | 4,948,000 | 356,705 | 494,900 | 393,078 | -6,614,835 | 418,483 | 770,488 | -55,683 |
| Employee Costs | 12,340,000 | 11,121,000 | 8,473,000 | 6,841,000 | 9,026,000 | 9,985,000 | 9,217,000 | 7,620,000 | 5,463,335 | 5,983,407 | 5,455,834 | 5,235,948 | 2,340,282 | 1,938,676 | 2,080,704 |
| Number Of Employees | 196 | 176 | 148 | 183 | 221 | 224 | 204 | 170 | 141 | 126 | 110 | 95 | 72 | 67 | 69 |
| EBITDA* | 10,919,000 | 9,882,000 | 561,000 | 2,089,000 | 2,949,000 | 4,910,000 | 5,002,000 | 5,842,000 | 2,691,648 | 3,189,423 | 3,699,328 | 2,551,850 | 1,813,094 | 713,978 | 744,151 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,178,000 | 4,961,000 | 5,013,000 | 5,337,000 | 5,729,000 | 6,389,000 | 6,545,000 | 6,171,000 | 5,916,623 | 5,825,843 | 3,409,205 | 3,689,490 | 2,967,335 | 2,923,301 | 4,238,325 |
| Intangible Assets | 606,000 | ||||||||||||||
| Investments & Other | 805,000 | 805,000 | 805,000 | 805,000 | 784,000 | 839,000 | 839,000 | 839,000 | 779,739 | 2,220,075 | 642,686 | 642,684 | 662,280 | 662,280 | 507,731 |
| Debtors (Due After 1 year) | 2,255,929 | 2,105,459 | 2,356,264 | ||||||||||||
| Total Fixed Assets | 6,589,000 | 5,766,000 | 5,818,000 | 6,142,000 | 6,513,000 | 7,228,000 | 7,384,000 | 7,010,000 | 6,696,362 | 8,045,918 | 4,051,891 | 4,332,174 | 5,885,544 | 5,691,040 | 7,102,320 |
| Stock & work in progress | 15,266,000 | 13,386,000 | 6,389,000 | 5,109,000 | 6,802,000 | 5,552,000 | 5,334,000 | 6,312,000 | 3,484,692 | 3,517,136 | 1,963,575 | 2,372,559 | 2,637,937 | 1,856,939 | 1,390,814 |
| Trade Debtors | 8,090,000 | 6,425,000 | 6,871,000 | 2,776,000 | 4,023,000 | 4,169,000 | 4,841,000 | 4,061,000 | 3,457,641 | 5,004,284 | 3,438,842 | 3,873,914 | 1,533,871 | 1,172,487 | 708,315 |
| Group Debtors | 2,895,000 | 5,519,000 | 3,040,000 | 3,625,000 | 1,546,000 | 1,905,000 | 1,195,000 | 3,910,000 | 2,565,277 | 1,531,596 | 1,399,649 | 1,109,810 | 1,692,658 | 1,288,595 | 1,669,304 |
| Misc Debtors | 2,150,000 | 547,000 | 1,476,000 | 1,124,000 | 1,540,000 | 733,000 | 311,000 | 629,000 | 462,664 | 416,448 | 588,008 | 408,551 | 296,196 | 224,322 | 247,763 |
| Cash | 10,347,000 | 6,866,000 | 4,744,000 | 7,299,000 | 3,647,000 | 3,286,000 | 4,314,000 | 4,289,000 | 1,180,288 | 1,199,502 | 4,207,162 | 2,650,114 | 1,462,950 | 1,856,659 | 550,002 |
| misc current assets | |||||||||||||||
| total current assets | 38,748,000 | 32,743,000 | 22,520,000 | 19,933,000 | 17,558,000 | 15,645,000 | 15,995,000 | 19,201,000 | 11,150,562 | 11,668,966 | 11,597,236 | 10,414,948 | 7,623,612 | 6,399,002 | 4,566,198 |
| total assets | 45,337,000 | 38,509,000 | 28,338,000 | 26,075,000 | 24,071,000 | 22,873,000 | 23,379,000 | 26,211,000 | 17,846,924 | 19,714,884 | 15,649,127 | 14,747,122 | 13,509,156 | 12,090,042 | 11,668,518 |
| Bank overdraft | 160,000 | 79,075 | 316,597 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,284,000 | 2,183,000 | 1,049,000 | 253,000 | 276,000 | 277,000 | 598,000 | 482,000 | 751,982 | 1,008,811 | 317,349 | 331,056 | 707,241 | 682,229 | 426,125 |
| Group/Directors Accounts | 4,252,000 | 5,265,000 | 3,609,000 | 3,145,000 | 2,166,000 | 853,000 | 1,619,000 | 3,396,000 | 1,293,794 | 2,216,981 | 1,000,005 | 576,968 | 948,188 | 703,567 | 355,073 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 15,000 | 2,000 | 3,000 | 3,000 | |||||||||||
| other current liabilities | 3,696,000 | 3,758,000 | 3,146,000 | 730,000 | 1,336,000 | 1,553,000 | 2,085,000 | 1,862,000 | 431,429 | 1,747,743 | 1,672,884 | 1,694,375 | 646,588 | 335,255 | 305,262 |
| total current liabilities | 9,232,000 | 11,206,000 | 7,804,000 | 4,143,000 | 3,780,000 | 2,686,000 | 4,305,000 | 5,900,000 | 2,556,280 | 5,290,132 | 2,990,238 | 2,602,399 | 2,302,017 | 1,721,051 | 1,086,460 |
| loans | 8,549,752 | 7,332,598 | 6,788,076 | 419,665 | 419,665 | 419,665 | |||||||||
| hp & lease commitments | 14,000 | 40,000 | 41,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 232,000 | 135,000 | 122,000 | 50,170 | 53,809 | ||||||||||
| total long term liabilities | 232,000 | 14,000 | 40,000 | 176,000 | 122,000 | 50,170 | 8,603,561 | 7,332,598 | 6,788,076 | 419,665 | 419,665 | 419,665 | |||
| total liabilities | 9,464,000 | 11,206,000 | 7,804,000 | 4,143,000 | 3,794,000 | 2,726,000 | 4,481,000 | 6,022,000 | 2,606,450 | 13,893,693 | 10,322,836 | 9,390,475 | 2,721,682 | 2,140,716 | 1,506,125 |
| net assets | 35,873,000 | 27,303,000 | 20,534,000 | 21,932,000 | 20,277,000 | 20,147,000 | 18,898,000 | 20,189,000 | 15,240,474 | 5,821,191 | 5,326,291 | 5,356,647 | 10,787,474 | 9,949,326 | 10,162,393 |
| total shareholders funds | 35,873,000 | 27,303,000 | 20,534,000 | 21,932,000 | 20,277,000 | 20,147,000 | 18,898,000 | 20,189,000 | 15,240,474 | 5,821,191 | 5,326,291 | 5,356,647 | 10,787,474 | 9,949,326 | 10,162,393 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 10,219,000 | 9,274,000 | -229,000 | 1,183,000 | 1,999,000 | 3,850,000 | 4,062,000 | 5,110,000 | 1,966,994 | 2,643,159 | 3,157,694 | 1,969,334 | 1,284,836 | 109,675 | 229,442 |
| Depreciation | 700,000 | 608,000 | 790,000 | 906,000 | 950,000 | 1,060,000 | 940,000 | 732,000 | 724,654 | 546,264 | 541,634 | 582,516 | 528,258 | 604,303 | 514,709 |
| Amortisation | |||||||||||||||
| Tax | -297,000 | -1,004,000 | -87,000 | -97,000 | 288,000 | 423,000 | -12,000 | -199,000 | -123,704 | -149,695 | -273,025 | -278,204 | -200,678 | 53,801 | 93,484 |
| Stock | 1,880,000 | 6,997,000 | 1,280,000 | -1,693,000 | 1,250,000 | 218,000 | -978,000 | 2,827,308 | -32,444 | 1,553,561 | -408,984 | -265,378 | 780,998 | 466,125 | 1,390,814 |
| Debtors | 644,000 | 1,104,000 | 3,862,000 | 416,000 | 302,000 | 460,000 | -2,253,000 | 2,114,418 | -466,746 | 1,525,829 | 34,224 | -386,379 | 987,791 | -190,783 | 4,981,646 |
| Creditors | -899,000 | 1,134,000 | 796,000 | -23,000 | -1,000 | -321,000 | 116,000 | -269,982 | -256,829 | 691,462 | -13,707 | -376,185 | 25,012 | 256,104 | 426,125 |
| Accruals and Deferred Income | -62,000 | 612,000 | 2,416,000 | -606,000 | -217,000 | -532,000 | 223,000 | 1,430,571 | -1,316,314 | 74,859 | -21,491 | 1,047,787 | 311,333 | 29,993 | 305,262 |
| Deferred Taxes & Provisions | 232,000 | -135,000 | 13,000 | 71,830 | -3,639 | 53,809 | |||||||||
| Cash flow from operations | 7,369,000 | 2,523,000 | -1,456,000 | 2,640,000 | 1,467,000 | 3,667,000 | 8,573,000 | 1,933,693 | 1,490,352 | 780,468 | 3,765,865 | 3,597,005 | 179,972 | 778,534 | -4,803,438 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 21,000 | -55,000 | 59,261 | -1,440,336 | 1,577,389 | 2 | -19,596 | 154,549 | 507,731 | ||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,013,000 | 1,656,000 | 464,000 | 979,000 | 1,313,000 | -766,000 | -1,777,000 | 2,102,206 | -923,187 | 1,216,976 | 423,037 | -371,220 | 244,621 | 348,494 | 355,073 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -8,549,752 | 1,217,154 | 544,522 | 6,368,411 | 419,665 | ||||||||||
| Hire Purchase and Lease Commitments | -15,000 | -1,000 | -27,000 | -1,000 | 44,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 171,000 | 6,000 | -3,000 | 1,000 | 4,000 | 3,000 | 1,000 | 37,000 | 13,415 | 1,436 | 8,409 | 14,945 | -417,066 | -434,030 | -414,725 |
| cash flow from financing | -842,000 | 1,662,000 | 446,000 | 979,000 | 1,290,000 | -2,089,000 | -1,732,000 | 2,139,732 | -396,946 | 2,435,566 | 552,534 | 7,196,144 | 247,220 | -1,069,091 | 10,578,089 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,481,000 | 2,122,000 | -2,555,000 | 3,652,000 | 361,000 | -1,028,000 | 25,000 | 3,108,712 | -19,214 | -3,007,660 | 1,557,048 | 1,187,164 | -393,709 | 1,306,657 | 550,002 |
| overdraft | -160,000 | 80,925 | -237,522 | 316,597 | |||||||||||
| change in cash | 3,481,000 | 2,122,000 | -2,555,000 | 3,652,000 | 361,000 | -1,028,000 | 185,000 | 3,027,787 | 218,308 | -3,324,257 | 1,557,048 | 1,187,164 | -393,709 | 1,306,657 | 550,002 |
innovative technology limited Credit Report and Business Information
Innovative Technology Limited Competitor Analysis
Perform a competitor analysis for innovative technology limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in OL1 area or any other competitors across 12 key performance metrics.
innovative technology limited Ownership
INNOVATIVE TECHNOLOGY LIMITED group structure
Innovative Technology Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
INNOVATIVE TECHNOLOGY LIMITED
01954947
3 subsidiaries
innovative technology limited directors
Innovative Technology Limited currently has 9 directors. The longest serving directors include Mr Robert Bellis (Nov 1991) and Mr Mustapha Hadj Ahmed (Dec 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Bellis | United Kingdom | 87 years | Nov 1991 | - | Director |
| Mr Mustapha Hadj Ahmed | 65 years | Dec 2000 | - | Director | |
| Mr Peter Dunlop | United Kingdom | 49 years | Jul 2005 | - | Director |
| Mr Marcus Tiedt | 57 years | Feb 2007 | - | Director | |
| Mr Timothy Crowley | 61 years | Mar 2009 | - | Director | |
| Mr Anthony Morrison | 59 years | Jun 2012 | - | Director | |
| Mr Thomas Pennington-Brookfield | United Kingdom | 45 years | Dec 2014 | - | Director |
| Mr John Robinson | 42 years | Jan 2016 | - | Director | |
| Mr Christopher Robinson | 47 years | Apr 2017 | - | Director |
P&L
December 2023turnover
63.4m
+4%
operating profit
10.2m
+10%
gross margin
42.5%
+19.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
35.9m
+0.31%
total assets
45.3m
+0.18%
cash
10.3m
+0.51%
net assets
Total assets minus all liabilities
innovative technology limited company details
company number
01954947
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
November 1985
age
40
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
swift 929 limited (December 1985)
accountant
-
auditor
AZETS AUDIT SERVICES
address
innovative business park, derker street, oldham, lancashire, OL1 4EQ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
innovative technology 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 did not find charges/mortgages relating to innovative technology limited.
innovative technology limited Capital Raised & Share Issues BETA
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innovative technology limited Companies House Filings - See Documents
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