innovate audio ltd
innovate audio ltd Company Information
Company Number
13022655
Next Accounts
Aug 2025
Shareholders
optimal audio group limited
Group Structure
View All
Industry
Business and domestic software development
Registered Address
unit 2, century point, halifax road, high wycombe, HP12 3SL
Website
innovateaudio.co.ukinnovate audio ltd Estimated Valuation
Pomanda estimates the enterprise value of INNOVATE AUDIO LTD at £102.8k based on a Turnover of £120.1k and 0.86x industry multiple (adjusted for size and gross margin).
innovate audio ltd Estimated Valuation
Pomanda estimates the enterprise value of INNOVATE AUDIO LTD at £15.9k based on an EBITDA of £3k and a 5.22x industry multiple (adjusted for size and gross margin).
innovate audio ltd Estimated Valuation
Pomanda estimates the enterprise value of INNOVATE AUDIO LTD at £39.2k based on Net Assets of £16.5k and 2.38x industry multiple (adjusted for liquidity).
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Innovate Audio Ltd Overview
Innovate Audio Ltd is a live company located in high wycombe, HP12 3SL with a Companies House number of 13022655. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2020, it's largest shareholder is optimal audio group limited with a 100% stake. Innovate Audio Ltd is a young, micro sized company, Pomanda has estimated its turnover at £120.1k with unknown growth in recent years.
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Innovate Audio Ltd Health Check
Pomanda's financial health check has awarded Innovate Audio Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £120.1k, make it smaller than the average company (£3.5m)
- Innovate Audio Ltd
£3.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Innovate Audio Ltd
- - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
- Innovate Audio Ltd
72% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (3.7%)
- Innovate Audio Ltd
3.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (32)
2 - Innovate Audio Ltd
32 - Industry AVG
Pay Structure
on an average salary of £67.3k, the company has an equivalent pay structure (£67.3k)
- Innovate Audio Ltd
£67.3k - Industry AVG
Efficiency
resulting in sales per employee of £60k, this is less efficient (£113.5k)
- Innovate Audio Ltd
£113.5k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (61 days)
- Innovate Audio Ltd
61 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Innovate Audio Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Innovate Audio Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 358 weeks, this is more cash available to meet short term requirements (19 weeks)
358 weeks - Innovate Audio Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.6%, this is a lower level of debt than the average (60.9%)
8.6% - Innovate Audio Ltd
60.9% - Industry AVG
INNOVATE AUDIO LTD financials
Innovate Audio Ltd's latest turnover from November 2023 is estimated at £120.1 thousand and the company has net assets of £16.5 thousand. According to their latest financial statements, Innovate Audio Ltd has 2 employees and maintains cash reserves of £10.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | 2 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Tangible Assets | 834 | 2,328 | 4,657 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 834 | 2,328 | 4,657 |
| Stock & work in progress | |||
| Trade Debtors | 6,472 | ||
| Group Debtors | |||
| Misc Debtors | |||
| Cash | 10,762 | 15,397 | 10,393 |
| misc current assets | |||
| total current assets | 17,234 | 15,397 | 10,393 |
| total assets | 18,068 | 17,725 | 15,050 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | |||
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 1,560 | 1,951 | 2,884 |
| total current liabilities | 1,560 | 1,951 | 2,884 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 1,560 | 1,951 | 2,884 |
| net assets | 16,508 | 15,774 | 12,166 |
| total shareholders funds | 16,508 | 15,774 | 12,166 |
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 2,744 | 2,329 | 2,329 |
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 6,472 | ||
| Creditors | |||
| Accruals and Deferred Income | -391 | -933 | 2,884 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -4,635 | 5,004 | 10,393 |
| overdraft | |||
| change in cash | -4,635 | 5,004 | 10,393 |
innovate audio ltd Credit Report and Business Information
Innovate Audio Ltd Competitor Analysis
Perform a competitor analysis for innovate audio ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in HP12 area or any other competitors across 12 key performance metrics.
innovate audio ltd Ownership
INNOVATE AUDIO LTD group structure
Innovate Audio Ltd has no subsidiary companies.
Ultimate parent company
2 parents
INNOVATE AUDIO LTD
13022655
innovate audio ltd directors
Innovate Audio Ltd currently has 3 directors. The longest serving directors include Mr Timothy Carroll (Jun 2024) and Mrs Sally McKone (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Carroll | England | 63 years | Jun 2024 | - | Director |
| Mrs Sally McKone | England | 57 years | Jun 2024 | - | Director |
| Mr Dominic Harter | United Kingdom | 48 years | Jun 2024 | - | Director |
P&L
November 2023turnover
120.1k
+13%
operating profit
292
0%
gross margin
72%
-1.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
16.5k
+0.05%
total assets
18.1k
+0.02%
cash
10.8k
-0.3%
net assets
Total assets minus all liabilities
Similar Companies
innovate audio ltd company details
company number
13022655
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
November 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
SAUNDERS WOOD & CO
auditor
-
address
unit 2, century point, halifax road, high wycombe, HP12 3SL
Bank
-
Legal Advisor
-
innovate audio ltd 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 innovate audio ltd.
innovate audio ltd 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.
Click to start generating capital raising & share issue transactions for INNOVATE AUDIO LTD. This can take several minutes, an email will notify you when this has completed.
innovate audio ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
