Innovative Trials Limited
Registered name: INNOVATIVE TRIALS LIMITED
Part of Innovative Solutions Group Limited groupInnovative Trials Limited made £8m revenue and a £355k loss in the year to 31 May 2025.
Innovative Trials Limited’s revenue grew 1% to £8m in the year to 31 May 2025, with a loss of £355k and 67 employees. The company is classified under “research and experimental development on social sciences and humanities” and is based in Letchworth Garden City; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Letchworth Garden City, East of England
- Age
- 16 yrs · since 2010
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £6.3m | £7.5m | £7.9m | £8m |
| Cost of sales | £3.8m | £4.4m | £4.2m | £5.1m |
| Gross profit | £2.5m | £3m | £3.7m | £2.9m |
| Operating profit | £366k | £612k | £627k | −£382k |
| Profit before tax | £371k | £622k | £658k | −£354k |
| Profit after tax | £315k | £532k | £458k | −£355k |
| Profit (best available) | £315k | £532k | £458k | −£355k |
| Employees (average) | 67 | 67 | 0 | 67 |
| Ratios | ||||
| Profit margin | 5% | 7.1% | 5.8% | −4.5% |
| Gross margin | 40.3% | 40.3% | 46.8% | 36.4% |
| Revenue per employee | £94k | £111k | — | £119k |
| Profit per employee | £4.7k | £7.9k | — | −£5.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲18.4% | ▲5.5% | ▲1.4% |
| Profit growth | — | ▲68.8% | ▼14% | ▼177.6% |
| Headcount growth | — | 0% | ▼100% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.5m | £1.5m | £2.1m | £1.3m |
| Net assets | £6.4m | £6.4m | £6.6m | £5.9m |
| Fixed assets | £466k | £418k | £66.3k | £31.4k |
| Current assets | £6.6m | £7.1m | £7.2m | £7.5m |
| Debtors | £1.5m | £2.4m | £1.6m | £1.7m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −4.5%
- Profit ÷ revenue.
- Gross margin
- 36.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £119k
- Revenue ÷ average employees.
- Profit per employee
- −£5.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 20.9%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼11%
- Now £5.9m
- Cash at bank
- ▼37%
- Now £1.3m
- Headcount
- —
- Now 67
- Deferred income
- —
- Now —
- Fixed assets
- ▼53%
- Now £31.4k
Group structure
Ownership chain
- Innovative Solutions Group Limitedultimate parent75–100%
- Innovative Trials Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit −£355k), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.