Company Overview
Innovate Ne Limited is listed at the official companies registry as Active Private Limited By Guarantee Without Share Capital. The company was incorporated on Wednesday 07 October 2015, so this is a well established company. Innovate Ne Limited has been in business for 10 years and 5 months. The accounts status is small and the accounts are next due on Thursday 31 December 2026.
Registered Address

Navigators Point, Belmont Business Park, Durham, DH1 1TW
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Companies House Data
Company NameINNOVATE NE LIMITED
Company Number09814022
Registered Office AddressNavigators Point
 Belmont Business Park
 DH1 1TW
Company CategoryPrivate Limited By Guarantee Without Share Capital
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date07/10/2015
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategorySMALL
Returns Next Due Date04/11/2016
Directors & Members
Show Resigned
Nicola Clark - Director
(British, 53 years old, born April 1973)
Appointed 01 April 2024
 Active
Julie Cuthbertson - Director
(British, 45 years old, born July 1981)
Appointed 14 May 2025
 Active
Simon Goon - Director
(British, 54 years old, born January 1972)
Appointed 01 April 2024
 Active
Suzanne McCreedy - Director
(British, 51 years old, born July 1975)
Appointed 01 April 2024
 Active
Secretaries
Beverley Tindale - Secretary
Appointed 14 May 2025
 Active
Other Company Directorships
Nicola Clark
B LAB (UK)
GENERAL PARTNER UMI SCOTLAND LIMITED
RED HOUSE SCHOOL LIMITED
UMI FUNDING SERVICES LIMITED
Julie Cuthbertson
DISCOVER LEARNING TRUST
SMART WORKS NEWCASTLE
UMI FUNDING SERVICES LIMITED
Simon Goon
COUNTY DURHAM ENGINEERING AND MANUFACTURING NETWORK LIMITED
EMMANUEL SCHOOLS FOUNDATION
ENTERPRISE DEVELOPMENT NORTH EAST LIMITED
GENERAL PARTNER UMI SCOTLAND LIMITED
KARBON HOME COMFORTS LTD
KEY STRENGTHS LIMITED
NATIONAL ENTERPRISE NETWORK
UMI COMMERCIAL LIMITED
UMI DIRECT LIMITED
UMI FUNDING SERVICES LIMITED
UMI HOLDINGS LIMITED
UMI INVESTMENT LIMITED
UMI SCOTLAND LIMITED
Suzanne McCreedy
AGE UK NORTHUMBERLAND
AGE UK NORTHUMBERLAND TRADING LIMITED
DURHAM BUSINESS GROUP (NE) LTD
UMI COMMERCIAL LIMITED
UMI DIRECT LIMITED
UMI EMPLOYEE OWNERSHIP TRUSTEE CO LIMITED
UMI FUNDING SERVICES LIMITED
UMI HOLDINGS LIMITED
UMI INVESTMENT LIMITED
UMI SCOTLAND LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 8,468 8,468 8,181
Current Assets 424,837 424,837 228,775
Creditors Due Within One Year 268,395 268,395 150,815
Working Cap 156,442 156,442 77,960
Total Assets Less Current Liabilities 164,910 164,910 86,141
Long-term Liabilities 193,495 193,495 200,658
Net Assets -28,585 -28,585 -114,517
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -28,585 -28,585 -114,517
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 2.0% 2.0% 3.5%
Stocks Inventory - - -
Debtors 77.4% 77.4% 73.3%
Cash Bank In Hand 20.6% 20.6% 23.3%
Current Assets 98.0% 98.0% 96.5%
Creditors Due Within One Year 61.9% 61.9% 63.6%
Net Current Assets Liabilities 36.1% 36.1% 32.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -6.6% -6.6% -48.3%
Capital Employed - - -
Total Assets Less Current Liabilities 38.1% 38.1% 36.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.6 1.6 1.5
Solvency Ratio 0.9 0.9 0.7
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Dec-2022 31-Dec-2021
Assets 433,305 433,305 236,956
Debt 461,890 461,890 351,473
Net Assets/Debt -28,585 -28,585 -114,517

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 2 October 2025 with no updates
Appointment of Miss Beverley Ann Tindale as a secretary on 14 May 2025
Appointment of Mrs Julie Cuthbertson as a director on 14 May 2025
Confirmation statement made on 2 October 2024 with no updates
Previous accounting period extended from 31 December 2023 to 31 March 2024
Registered office address changed from North East Bic Wearfield Sunderland SR5 2TA United Kingdom to Navigators Point Belmont Business Park Durham DH1 1TW on 12 April 2024
Appointment of Mrs Suzanne Dawn Mccreedy as a director on 1 April 2024
Appointment of Dr Simon Justin Philip Goon as a director on 1 April 2024
Appointment of Mrs Nicola Clark as a director on 1 April 2024
Termination of appointment of Jennifer Anne Taylor as a director on 1 April 2024
Termination of appointment of Paul John Mceldon as a director on 1 April 2024
Termination of appointment of Yvonne Gale as a director on 1 April 2024
Termination of appointment of Estelle Michelle Andree Blanks as a director on 1 April 2024
Notification of Umi Holdings Limited as a person with significant control on 1 April 2024
Cessation of Jennifer Anne Taylor as a person with significant control on 1 April 2024
Cessation of Paul John Mceldon as a person with significant control on 1 April 2024
Cessation of Yvonne Gale as a person with significant control on 1 April 2024
Cessation of Estelle Michelle Andree Blanks as a person with significant control on 1 April 2024
Termination of appointment of Simon Richard Green as a director on 10 November 2023
Cessation of Simon Green as a person with significant control on 10 November 2023
Termination of appointment of Alan John Holmes as a director on 7 October 2023
Cessation of Alan John Homes as a person with significant control on 7 October 2023
Confirmation statement made on 2 October 2023 with no updates
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