Company Overview
Innovate Recycle Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 17 January 2018, so this is a well established company. Innovate Recycle Ltd has been in business for 8 years and 2 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Unit 2 Lodge Way, Lodge Farm Industrial Estate, Northampton, NN5 7US
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Companies House Data
Company NameINNOVATE RECYCLE LTD
Company Number11154918
Registered Office AddressUnit 2 Lodge Way
 Lodge Farm Industrial Estate
 NN5 7US
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date17/01/2018
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date14/02/2019
Directors & Members
Edmund Bacon - Director
(British, 40 years old, born April 1986)
Appointed 22 February 2021
 Active
Timothy Bagshaw - Director
(British, 59 years old, born January 1967)
Appointed 27 August 2020
 Active
Joseph Eccleston - Director
(British, 38 years old, born September 1988)
Appointed 17 January 2018
 Active
Philip Sayers - Director
(British, 59 years old, born October 1967)
Appointed 27 August 2020
 Active
Robert Woods - Director
(British, 72 years old, born March 1954)
Appointed 27 August 2020
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Edmund Bacon
No companies found
Timothy Bagshaw
ICON EAST MIDLANDS
THE LAUNCESTON FORUM
THE PLACE MARKETING COMPANY LIMITED
Joseph Eccleston
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Philip Sayers
BROKESLEY WOODCOTE LIMITED
GRANT THORNTON ACQUISITIONS NO.2 LIMITED
GRANT THORNTON ARF LIMITED
GRANT THORNTON NOMINEES
GRANT THORNTON TRUST COMPANY LIMITED
GRANT THORNTON UK LLP
Robert Woods
BIONOME HOLDINGS LIMITED
HEALTH FORECAST LIMITED
LASTINGHEALTH.COM LIMITED
NORTH NORFOLK CONSERVATIVE HOLDINGS LIMITED
THE OLD CHAPEL LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 5,775,757 5,775,757 3,915,970
Current Assets 851,390 851,390 1,548,987
Creditors Due Within One Year 282,907 282,907 374,083
Working Cap 568,483 568,483 1,174,904
Total Assets Less Current Liabilities 6,344,240 6,344,240 5,090,874
Long-term Liabilities 3,137,101 3,137,101 2,062,500
Net Assets 3,207,139 3,207,139 3,028,374
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 3,207,139 3,207,139 3,028,374
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 87.2% 87.2% 71.7%
Stocks Inventory - - -
Debtors - - 3.9%
Cash Bank In Hand - - 25.3%
Current Assets 12.8% 12.8% 28.3%
Creditors Due Within One Year 4.3% 4.3% 6.8%
Net Current Assets Liabilities 8.6% 8.6% 21.5%
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 48.4% 48.4% 55.4%
Capital Employed - - -
Total Assets Less Current Liabilities 95.7% 95.7% 93.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 3.0 3.0 4.1
Solvency Ratio 1.9 1.9 2.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 6,627,147 6,627,147 5,464,957
Debt 3,420,008 3,420,008 2,436,583
Net Assets/Debt 3,207,139 3,207,139 3,028,374

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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
Replacement filing of SH01 - 29/11/23 Statement of Capital gbp 20.421470
Replacement filing of SH01 - 04/07/23 Statement of Capital gbp 20.342688
Statement of capital following an allotment of shares on 16 September 2025
Replacement filing of SH01 - 20/07/24 Statement of Capital gbp 27.685052
Replacement filing of SH01 - 31/05/24 Statement of Capital gbp 21.63486
Replacement filing of SH01 - 22/12/22 Statement of Capital gbp 19.333848
Confirmation statement made on
Registration of charge 111549180004, created on 28 February 2025
Resolutions
Memorandum and Articles of Association
Second filing of a statement of capital following an allotment of shares on 20 December 2022
Second filing of a statement of capital following an allotment of shares on 5 July 2023
Second filing of a statement of capital following an allotment of shares on 4 July 2023
Second filing of a statement of capital following an allotment of shares on 29 November 2023
Second filing of a statement of capital following an allotment of shares on 2 September 2021
Statement of capital following an allotment of shares on 20 June 2024
Statement of capital following an allotment of shares on 31 May 2024
Statement of capital following an allotment of shares on 22 December 2022
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