# INDUCTION TECHNOLOGY GROUP LIMITED (02092347)

> INDUCTION TECHNOLOGY GROUP LIMITED is an active private limited company (company number 02092347) incorporated on 22 January 1987, registered in Coventry. Its registered activity is manufacture of other transport equipment n.e.c. (SIC 30990). Latest small accounts cover the period ending 31 July 2024, showing net assets of £3.07m and cash of £223k, with 22 employees on average. Net assets fell 1% on the prior period (£3.09m).

- Status: Active
- Incorporated: 1987-01-22
- Registered office: Coventry, CV3 4FJ
- SIC 30990: Manufacture of other transport equipment n.e.c.
- SIC 32990: Other manufacturing n.e.c.
- Next accounts due: 2026-04-30
- Confirmation statement due: 2027-02-05
- Accounts type: SMALL

By net assets it sits in the top quarter of 567 comparable companies in the UK (median £12k, upper quartile £179k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-07-31 | £3.07m | £223k | — | £241k | — | — | 22 |
| 2023-07-31 | £3.09m | £205k | — | £235k | — | — | 22 |

current ratio 5.01; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £3,072,146 at 31 July 2024
- Current assets at least 1.5× creditors within one year: Current ratio 5.01
- Cash at bank of £50,000 or more: Cash £222,768
- Incorporated five or more years ago: Incorporated 22 January 1987
- Accounts past their due date: Due 30 April 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Meriden Automotive Technology Limited (corporate-entity) — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06
- Drvn Automotive Ltd (corporate-entity) — owns 25–50% of shares; holds 25–50% of voting rights, since 2023-09-25

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02092347
HTML: https://firmoscan.com/company/02092347-induction-technology-group-limited