Innovation Productions Limited

Innovation Productions Limited is a small, active company based in Barnsley, UK, founded 24 years ago in 2000. With £848,863 in assets and a real registered address, it employs nine people and is overseen by two directors and one owner. The company operates an e-commerce site and is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import activity occurring two months ago.

The company’s website highlights its services in event hire and management, specializing in lighting, sound, video, and staging. It caters to a wide range of events, from industry awards ceremonies to outdoor spectaculars, and even offers event streaming capabilities. The site also showcases a range of hire equipment, including lighting fixtures, sound systems, and video screens, and even has a store section for purchasing equipment. It’s clear the company is aiming to be a one-stop shop for event production needs.

Financially, Innovation Productions Limited shows some concerning trends. While net assets increased by 27% to £1.1 million, current assets dropped by 14% to £850,000. Bank borrowings increased by 7% to £250,000, and cash reserves decreased by 6.4% to £570,000. Trade debtors ballooned by 100%, suggesting potential issues with customer payments. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the small company exemption.

Overall, Innovation Productions Limited seems to be navigating a period of change. The growth in assets is positive, but the increase in debt and the rise in trade debtors suggest a need for careful financial management. The company's diverse range of services and its focus on event production position it well for future success, but it will need to address these financial pressures to ensure long-term stability.

Registered in England/Wales under the registration number 04076630, with a registered address at S75 1JU, England, Barnsley, South Yorkshire, Unit 5, Claycliffe Business Park Cannon Way, Barugh Green.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.