Company Overview
Hyperdrive Innovation Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 14 February 2012, so this is a well established company. Hyperdrive Innovation Ltd has been in business for 14 years and 1 month. The accounts status is full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Turntide Eighth Avenue, Team Valley Trading Estate, Gateshead, NE11 0QA
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Companies House Data
Company NameHYPERDRIVE INNOVATION LTD
Company Number07948437
Registered Office AddressTurntide Eighth Avenue
 Team Valley Trading Estate
 NE11 0QA
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date14/02/2012
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryFULL
Returns Next Due Date14/03/2017
Returns Last Made Up Date14/02/2016
Directors & Members
Show Resigned
Mark Cox - Director
(British, 49 years old, born November 1977)
Appointed 28 October 2022
 Active
Steven Hornyak - Director
(American, 61 years old, born November 1965)
Appointed 11 June 2024
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Mark Cox
AVID ELECTRIC VEHICLES LIMITED
AVID INNOVATION LIMITED
AVID TECHNOLOGY GROUP LIMITED
AVID TECHNOLOGY LIMITED
AVID VEHICLES (PROJECTS) LIMITED
COLLINGWOOD SOLUTIONS LIMITED
HYPERDRIVE INNOVATION HOLDINGS LIMITED
HYPERDRIVE TECHNOLOGIES LTD
TURNTIDE DRIVES LIMITED
TURNTIDE TRANSPORT LIMITED
Steven Hornyak
AVID TECHNOLOGY GROUP LIMITED
AVID TECHNOLOGY LIMITED
COLLINGWOOD SOLUTIONS LIMITED
HYPERDRIVE INNOVATION HOLDINGS LIMITED
HYPERDRIVE TECHNOLOGIES LTD
TURNTIDE DRIVES LIMITED
TURNTIDE TRANSPORT LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2021 31-Dec-2020
Balance Sheet
Fixed Assets 746,587 746,587 683,817
Current Assets 9,399,817 9,399,817 7,042,254
Creditors Due Within One Year 7,091,154 7,091,154 5,558,823
Working Cap 2,308,663 2,308,663 1,483,431
Total Assets Less Current Liabilities 3,055,250 3,055,250 2,167,248
Long-term Liabilities 8,120,939 8,120,939 1,091,640
Net Assets -5,065,689 -5,065,689 1,075,608
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -5,065,689 -5,065,689 1,075,608
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2021 31-Dec-2020
Tangible Fixed Assets - - -
Fixed Assets 7.4% 7.4% 8.9%
Stocks Inventory - - -
Debtors 26.7% 26.7% 23.4%
Cash Bank In Hand 28.5% 28.5% 54.4%
Current Assets 92.6% 92.6% 91.1%
Creditors Due Within One Year 69.9% 69.9% 71.9%
Net Current Assets Liabilities 22.8% 22.8% 19.2%
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 -49.9% -49.9% 13.9%
Capital Employed - - -
Total Assets Less Current Liabilities 30.1% 30.1% 28.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2021 31-Dec-2020
Liquidity Ratio 1.3 1.3 1.3
Solvency Ratio 0.7 0.7 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 10
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 10
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2021 31-Dec-2020
Assets 10,146,404 10,146,404 7,726,071
Debt 15,212,093 15,212,093 6,650,463
Net Assets/Debt -5,065,689 -5,065,689 1,075,608

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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
Other Business around NE11 0QA
BORGWARNER GATESHEAD LIMITED
245 HAMMERSMITH ROAD, LONDON, NE11 0QA
Document Filings
Confirmation statement made on 27 January 2026 with no updates
Memorandum and Articles of Association
Resolutions
Registration of charge 079484370011, created on 23 December 2025
Registration of charge 079484370012, created on 23 December 2025
Resolutions
Memorandum and Articles of Association
Confirmation statement made on 27 January 2025 with no updates
Termination of appointment of Michael Salim Karim as a director on 30 August 2024
Appointment of Mr. Steven Mark Hornyak as a director on 11 June 2024
Confirmation statement made on 27 January 2024 with no updates
Termination of appointment of Christopher Roy Pennison as a director on 31 December 2023
Termination of appointment of Ryan Jeffrey Morris as a director on 8 October 2023
Registered office address changed from Future Technology Centre Barmston Court Nissan Way Sunderland Tyne and Wear SR5 3NY to Turntide Eighth Avenue Team Valley Trading Estate Gateshead NE11 0QA on 19 May 2023
Confirmation statement made on 27 January 2023 with no updates
Appointment of Mr Mark Cox as a director on 28 October 2022
Termination of appointment of Roya Shakoori as a director on 28 October 2022
Confirmation statement made on 14 February 2022 with updates
Current accounting period shortened from 31 March 2022 to 31 December 2021
Appointment of Mr Christopher Roy Pennison as a director on 19 October 2021
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