How much does Innova Energy II Limited make?

Innova Energy II Limited reported revenue of £22.1m and a loss of £964k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Innova Energy II Limited have?

Innova Energy II Limited reported an average of 4 employees in the year to 31 Dec 2023.

Is Innova Energy II Limited profitable?

No — Innova Energy II Limited reported a loss of £964k in the year to 31 Dec 2023.

Company No. 13934582 · Incorporated 23 Feb 2022

Innova Energy II Limited

Registered name: INNOVA ENERGY II LIMITED

Part of Innova Capital Limited group

Innova Energy II Limited made £22.1m revenue and a £964k loss in the year to 31 Dec 2023. read from filing text

Innova Energy II Limited’s revenue was £22.1m in the year to 31 Dec 2023, with a loss of £964k and 4 employees. The company is classified under “production of electricity” and is based in Cheltenham; we hold 2 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity

Status: Active
Location: Cheltenham, South West
Age: 4 yrs · since 2022
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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. From the filing: “As at”

Latest accounts · year to 31 Dec 2023

Key figures

Small team

Revenue

£22.1m

Growth —

Profit

−£964k

Growth —

Profit margin

−4.4%

Gross 0%

Employees

Change —

Profit / employee

−£241k

Revenue/employee £5.5m

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£33k	£22.1m
Cost of sales	£31.4k	£22.1m
Gross profit	£1.6k	£4.9k
Operating profit	−£402k	−£212k
Profit before tax	−£764k	−£964k
Profit after tax	−£764k	−£964k
Profit (best available)	−£764k	−£964k
Employees (average)	4	4
Ratios
Profit margin	−2313%	−4.4%
Gross margin	4.8%	0%
Revenue per employee	£8.3k	£5.5m
Profit per employee	−£191k	−£241k
Balance sheet — indirect signals, not revenue
Cash at bank	£7m	£3.7m
Net assets	−£764k	−£1.7m
Current assets	£27.6m	£26.1m
Debtors	£2.3m	£22.5m
Deferred income	£90.4k	£94.2k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −4.4%; Profit ÷ revenue.
Gross margin: 0%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £5.5m; Revenue ÷ average employees.
Profit per employee: −£241k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 101.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: —; Now −£1.7m
Cash at bank: —; Now £3.7m
Headcount: —; Now 4
Deferred income: —; Now £94.2k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Innova Capital Limitedultimate parent75–100%
Innova Renewables Limited75–100%
Ir Dno Limited75–100%
Innova Renewables Holdings Limited75–100%
Innova Energy II Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (3)

Innova Holdings LimitedRev. £0 · Profit −£3.6k
Ir Equipment LimitedRev. £0 · Profit −£11.8k
Innova Bidco LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£964k), from the Companies House accounts bulk data published Sep 2024. 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.