INNOVATE FOODS LIMITED Financials
- Company number
- SC116286CopyCopy
- Registered office
- Barncraig Boreland Road, Dysart, Kirkcaldy, Fife KY1 2YG
- Incorporated
- 16/02/1989
Company snapshot
- Status
- Active
- Employees
- 109 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
8.69%vs 20232023: £8.11M
Total Assets
18.37%vs 20232023: £11.67M
Cash in Bank
10.95%vs 20232023: £610.15K
Total Liabilities
62.69%vs 20232023: £2.63M
Employees
+14vs 20232023: 95
In 2024, INNOVATE FOODS LIMITED reported net assets of £8.81M. The same filing shows total assets of £13.82M, cash in bank of £676.95K and total liabilities of £4.28M. Reported headcount was 109 in 2024. Total Assets rose from £11.67M in 2023 to £13.82M in 2024 (18.37%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
8.69%from £8.11M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures INNOVATE FOODS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+16.2%vs 2022+7.8% a year compound (CAGR)
Cash in Bank
+82.3%vs 2022+35% a year compound (CAGR)
Total Assets
-8.3%vs 2022-4.2% a year compound (CAGR)
Total Liabilities
-30.4%vs 2022-16.6% a year compound (CAGR)
Employees
+7.9%vs 2022+8Biggest increase
Cash in Bank+82.3%
£371.41K in 2022 to £676.95K in 2024
Biggest decrease
Total Liabilities-30.4%
£6.16M in 2022 to £4.28M in 2024
INNOVATE FOODS LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from INNOVATE FOODS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 63.75%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 31.00%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 15.80%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 4.90%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £247.65K2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for INNOVATE FOODS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 6.28M | 7.58M | 8.11M | 8.81M |
| Total Assets£ | 11.44M | 15.07M | 11.67M | 13.82M |
| Cash in Bank£ | 1.33M | 371.41K | 610.15K | 676.95K |
| Total Liabilities£ | 3.34M | 6.16M | 2.63M | 4.28M |
| Employees | 88 | 101 | 95 | 109 |
INNOVATE FOODS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for INNOVATE FOODS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
INNOVATE FOODS LIMITED reported net assets of £8.81M for 2024. That compares with £8.11M in 2023, a change of 8.69%.
INNOVATE FOODS LIMITED reported total assets of £13.82M for 2024. That compares with £11.67M in 2023, a change of 18.37%.
INNOVATE FOODS LIMITED reported cash in bank of £676.95K for 2024. That compares with £610.15K in 2023, a change of 10.95%.
INNOVATE FOODS LIMITED reported 109 employees in 2024, compared with 95 in 2023.
Between 2022 and 2024, INNOVATE FOODS LIMITED's net assets rose by 16.2%, cash in bank rose by 82.3%, total assets fell by 8.3% and total liabilities fell by 30.4%. Net assets compounded at 7.8% a year across the two years to 2024, from £7.58M to £8.81M. Reported headcount went from 101 in 2022 to 109 in 2024 (+8).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.