INNOVATE IT LTD Financials
- Company number
- 04935426CopyCopy
- Registered office
- 5th Floor Blok, 1 Castle Park, Bristol BS2 0JA
- Incorporated
- 17/10/2003
Company snapshot
- Status
- Active
- Employees
- 7 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
35.03%vs 20242024: £276.47K
Total Assets
100.90%vs 20242024: £610.67K
Cash in Bank
196.92%vs 20242024: £256.27K
Total Liabilities
204.18%vs 20242024: £268.40K
Employees
0vs 20242024: 7
In 2025, INNOVATE IT LTD reported net assets of £373.32K. The same filing shows total assets of £1.23M, cash in bank of £760.91K and total liabilities of £816.41K. Reported headcount was 7 in 2025. Total Assets rose from £610.67K in 2024 to £1.23M in 2025 (100.90%). Okredo holds filed figures for 2021–2025; 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
35.03%from £276.47K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures INNOVATE IT LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-17.7%vs 2023-9.3% a year compound (CAGR)
Cash in Bank
+24.3%vs 2023+11.5% a year compound (CAGR)
Total Assets
+32.8%vs 2023+15.2% a year compound (CAGR)
Total Liabilities
+133%vs 2023+52.5% a year compound (CAGR)
Employees
0%vs 2023Biggest increase
Total Liabilities+133%
£351.10K in 2023 to £816.41K in 2025
Biggest decrease
Net Assets-17.7%
£453.70K in 2023 to £373.32K in 2025
INNOVATE IT LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from INNOVATE IT LTD'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
- 30.43%2025
- 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
- 66.55%2025
- 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
- 93.20%2025
- 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
- 62.02%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for INNOVATE IT LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 522.68K | 791.78K | 453.70K | 276.47K | 373.32K |
| Total Assets£ | 713.80K | 1.01M | 923.86K | 610.67K | 1.23M |
| Cash in Bank£ | 564.45K | 763.44K | 612.40K | 256.27K | 760.91K |
| Total Liabilities£ | 189.94K | 175.90K | 351.10K | 268.40K | 816.41K |
| Employees | 3 | 8 | 7 | 7 | 7 |
INNOVATE IT LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for INNOVATE IT LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
INNOVATE IT LTD reported net assets of £373.32K for 2025. That compares with £276.47K in 2024, a change of 35.03%.
INNOVATE IT LTD reported total assets of £1.23M for 2025. That compares with £610.67K in 2024, a change of 100.90%.
INNOVATE IT LTD reported cash in bank of £760.91K for 2025. That compares with £256.27K in 2024, a change of 196.92%.
INNOVATE IT LTD reported 7 employees in 2025, compared with 7 in 2024.
Between 2023 and 2025, INNOVATE IT LTD's net assets fell by 17.7%, cash in bank rose by 24.3%, total assets rose by 32.8% and total liabilities rose by 133%. Net assets contracted at 9.3% a year across the two years to 2025, from £453.70K to £373.32K. Reported headcount went from 7 in 2023 to 7 in 2025.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.