Company Overview
Induction Technology Group Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 22 January 1987, so this is a well established company. Induction Technology Group Limited has been in business for 39 years and 2 months. The accounts status is small and the accounts are next due on Thursday 30 April 2026.
Registered Address

Plot 6 Siskin Drive, Coventry, CV3 4FJ
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Companies House Data
Company NameINDUCTION TECHNOLOGY GROUP LIMITED
Company Number02092347
Registered Office AddressPlot 6 Siskin Drive
 CV3 4FJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/01/1987
Accounting Reference Date Day31
Accounting Reference Date Month7
Accounts Next Due Date30/04/2026
Accounts Last Made Up Date31/07/2024
Accounts Account CategorySMALL
Returns Next Due Date15/11/2016
Returns Last Made Up Date18/10/2015
Directors & Members
Show Resigned
Jonathan Douglas - Director
(British, 64 years old, born October 1962)
Darren McDermott - Director
(British, 53 years old, born February 1973)
Appointed 14 February 2022
 Active
Iain Muir - Director
(British, 47 years old, born June 1979)
Appointed 14 February 2022
 Active
Jevon Thurston-Thorpe - Director
(British, 67 years old, born June 1959)
Appointed 05 June 2024
 Active
Secretaries
Show Resigned
Other Company Directorships
Jonathan Douglas
J E ENGINEERING LTD.
MERIDEN AUTOMOTIVE TECHNOLOGY LIMITED
PAAA LTD
Darren McDermott
DRVN ADVANCED ENGINEERING LIMITED
EVOLUTO AUTOMOBILI LIMITED
J E ENGINEERING LTD.
Iain Muir
ALAN MANN RACING LIMITED
BOREHAM MOTORWORKS LIMITED
CHAMELEON DIGITIZATION LIMITED
CHAMELEON VISION LIMITED
DMD LONDON LIMITED
DRVN ADVANCED ENGINEERING LIMITED
DRVN AUTOMOTIVE LTD
DRVN CAPITAL LTD
DRVN COMPOSITES LIMITED
DRVN GROUP HOLDINGS LTD
DRVN REMASTERED LIMITED
DRVN TOOLROOM LIMITED
DRVN WEST MIDLANDS LIMITED
EASY HEAT SYSTEMS LIMITED
ENGINEERING SERVICES PROVIDER LIMITED
EVOLUTO AUTOMOBILI LIMITED
J E ENGINEERING LTD.
MCDERMOTT GROUP LIMITED
MDG CAPITAL 1 LIMITED
MDG CAPITAL 2 LIMITED
MDG CAPITAL 3 LIMITED
MDG CAPITAL LIMITED
MDG INVESTMENTS LTD.
VULCAN AUTOMOTIVE LIMITED
Jevon Thurston-Thorpe
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Jul-2024 30-Apr-2022 30-Apr-2020
Balance Sheet
Fixed Assets 114,031 114,031 157,977
Current Assets 1,159,905 1,159,905 686,377
Creditors Due Within One Year 335,933 335,933 156,388
Working Cap 823,972 823,972 529,989
Total Assets Less Current Liabilities 938,003 938,003 687,966
Long-term Liabilities 7,527 7,527 10,613
Net Assets 930,476 930,476 677,353
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 930,476 930,476 677,353
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jul-2024 30-Apr-2022 30-Apr-2020
Tangible Fixed Assets - - -
Fixed Assets 9.0% 9.0% 18.7%
Stocks Inventory - - -
Debtors 58.3% 58.3% 28.2%
Cash Bank In Hand 5.4% 5.4% 20.3%
Current Assets 91.0% 91.0% 81.3%
Creditors Due Within One Year 26.4% 26.4% 18.5%
Net Current Assets Liabilities 64.7% 64.7% 62.8%
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 73.0% 73.0% 80.2%
Capital Employed - - -
Total Assets Less Current Liabilities 73.6% 73.6% 81.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jul-2024 30-Apr-2022 30-Apr-2020
Liquidity Ratio 3.5 3.5 4.4
Solvency Ratio 3.7 3.7 5.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jul-2024 30-Apr-2022 30-Apr-2020
Assets 1,273,936 1,273,936 844,354
Debt 343,460 343,460 167,001
Net Assets/Debt 930,476 930,476 677,353

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
Confirmation statement made on 18 October 2025 with no updates
Change of details for Drvn Automotive Ltd as a person with significant control on 30 July 2025
Confirmation statement made on 18 October 2024 with updates
Termination of appointment of Stephen Malcolm Murphy as a director on 30 September 2024
Appointment of Mr Jevon Thurston-Thorpe as a director on 5 June 2024
Appointment of Mr Stephen Malcolm Murphy as a director on 5 June 2024
Termination of appointment of James William Walker as a director on 5 June 2024
Termination of appointment of William Michael Mcdermott Jnr as a director on 5 June 2024
Termination of appointment of Jason Daniel Mcdermott as a director on 5 June 2024
Change of details for Drvn Automotive Ltd as a person with significant control on 25 September 2023
Notification of Meriden Automotive Technology Limited as a person with significant control on 6 April 2016
Previous accounting period shortened from 30 April 2024 to 31 July 2023
Confirmation statement made on 18 October 2023 with no updates
Cessation of Jonathan Mccallum Douglas as a person with significant control on 25 September 2023
Notification of Drvn Automotive Ltd as a person with significant control on 25 September 2023
Statement of capital following an allotment of shares on 21 March 2022
Appointment of Mr James William Walker as a director on 14 September 2023
Termination of appointment of Stephanie Kinsella as a secretary on 31 January 2023
Confirmation statement made on 18 October 2022 with no updates
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