INNOVATIVE TECHNOLOGY LIMITED Financials
- Company number
- 01954947Copy
Copy - Industry
- Other research and experimental development on natural sciences and engineering (72.19 - SIC 2007)
- Registered office
- Innovative Business Park, Derker Street, Oldham, Lancashire OL1 4EQ
- Incorporated
- 05/11/1985
Company snapshot
- Status
- Active
- Employees
- 200 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
2.23%vs 20232023: £35.87M
Total Assets
5.76%vs 20232023: £50.52M
Cash in Bank
51.52%vs 20232023: £10.35M
Total Liabilities
19.49%vs 20232023: £9.46M
Employees
+4vs 20232023: 196
In 2024, INNOVATIVE TECHNOLOGY LIMITED reported net assets of £36.67M. The same filing shows total assets of £53.43M, cash in bank of £15.68M and total liabilities of £11.31M. Reported headcount was 200 in 2024. Cash in Bank rose from £10.35M in 2023 to £15.68M in 2024 (51.52%). 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
2.23%from £35.87M 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 INNOVATIVE TECHNOLOGY LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+34.3%vs 2022+15.9% a year compound (CAGR)
Cash in Bank
+128%vs 2022+51.1% a year compound (CAGR)
Total Assets
+22.9%vs 2022+10.9% a year compound (CAGR)
Total Liabilities
+0.9%vs 2022+0.5% a year compound (CAGR)
Employees
+13.6%vs 2022+24Biggest increase
Cash in Bank+128%
£6.87M in 2022 to £15.68M in 2024
Every indicator Okredo holds for INNOVATIVE TECHNOLOGY LIMITED rose between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from INNOVATIVE TECHNOLOGY 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
- 68.64%2024
- Liabilities to total assets
- 21.17%2024
- Cash to liabilities
- 138.63%2024
- Cash to total assets
- 29.35%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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 INNOVATIVE TECHNOLOGY 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£ | 20.53M | 27.30M | 35.87M | 36.67M |
| Total Assets£ | 33.35M | 43.47M | 50.52M | 53.43M |
| Cash in Bank£ | 4.74M | 6.87M | 10.35M | 15.68M |
| Total Liabilities£ | 7.80M | 11.21M | 9.46M | 11.31M |
| Employees | 148 | 176 | 196 | 200 |
INNOVATIVE TECHNOLOGY LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has INNOVATIVE TECHNOLOGY LIMITED filed financial statements?
Yes. Okredo holds filed figures for INNOVATIVE TECHNOLOGY LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did INNOVATIVE TECHNOLOGY LIMITED report in 2024?
INNOVATIVE TECHNOLOGY LIMITED reported net assets of £36.67M for 2024. That compares with £35.87M in 2023, a change of 2.23%.
What total assets did INNOVATIVE TECHNOLOGY LIMITED report in 2024?
INNOVATIVE TECHNOLOGY LIMITED reported total assets of £53.43M for 2024. That compares with £50.52M in 2023, a change of 5.76%.
What cash in bank did INNOVATIVE TECHNOLOGY LIMITED report in 2024?
INNOVATIVE TECHNOLOGY LIMITED reported cash in bank of £15.68M for 2024. That compares with £10.35M in 2023, a change of 51.52%.
How many people does INNOVATIVE TECHNOLOGY LIMITED employ?
INNOVATIVE TECHNOLOGY LIMITED reported 200 employees in 2024, compared with 196 in 2023.
How have INNOVATIVE TECHNOLOGY LIMITED financials changed over the last 3 years?
Between 2022 and 2024, INNOVATIVE TECHNOLOGY LIMITED's net assets rose by 34.3%, cash in bank rose by 128%, total assets rose by 22.9% and total liabilities rose by 0.9%. Net assets compounded at 15.9% a year across the two years to 2024, from £27.30M to £36.67M. Reported headcount went from 176 in 2022 to 200 in 2024 (+24).
Which years of INNOVATIVE TECHNOLOGY LIMITED financial data are available?
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.