Oak Innovation Limited in Poole, BH15 2PW

Description

Data updated on: 01-11-2023

Oak Innovation came into being in 1987 as a company enlisted under no 02102234, located at BH15 2PW Poole at Pkf Francis Clark Towngate House. This company has been in business for 37 years and its official state is active. From 2016-02-10 Oak Innovation Limited is no longer under the name Oak Telecom. The company's SIC and NACE codes are 61900 which stands for Other telecommunications activities. The firm's latest annual accounts cover the period up to 2022-03-31 and the most current confirmation statement was submitted on 2022-12-18.

With 10 job advertisements since August 8, 2016, Oak Innovation has been among the most active employers on the labour market. Most recently, it was employing candidates in Swindon and Poole. They need workers on such positions as for instance: First Line Support Technician - Poole, Dorset, First Line Support Technician (Bespoke Software Support) and C# .NET Software Developer.

The knowledge we have that details the following firm's MDs indicates that there are four directors: William E., David R., Phillip R. and James E. who joined the company's Management Board on 2019-02-11, 1995-07-31 and 1992-06-08. In order to provide support to the directors, this specific limited company has been utilizing the skills of Phillip R. as a secretary since the appointment on 1995-07-31.

Previous company's names
Oak Innovation Limited 2016-02-10
Oak Telecom Limited 1987-02-20

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP

Balance Sheet
Cash Bank On Hand	209 689	120 904	27 888	25 462	147 419	48 500	482 770
Current Assets	1 420 638	1 242 638	1 126 955	912 322	634 922
Debtors	1 133 913	1 034 407	1 007 242	806 374	408 648	481 685	147 989
Net Assets Liabilities	307 955	193 903	58 981	-150 550	-165 224	-113 797	-269 728
Other Debtors			32 017	16 686	17 887	93 722	25 899
Property Plant Equipment	111 646	99 826	89 398	5 201	3 298	1 416
Total Inventories	77 036	87 327	91 825	80 486	78 855

Other Financial Data
Accrued Liabilities				755 608	554 381
Accumulated Amortisation Impairment Intangible Assets	53 569	83 769	113 969	134 170	151 000	151 000	151 000
Accumulated Depreciation Impairment Property Plant Equipment	149 690	145 510	123 719	105 622	85 806	87 688	89 104
Additions Other Than Through Business Combinations Property Plant Equipment				1 180
Amounts Owed By Related Parties			87 695
Amounts Owed To Related Parties				74 708
Average Number Employees During Period	49	49	46	30	23	22	20
Bank Borrowings	25 507	19 103	12 728		42 497
Bank Borrowings Overdrafts					42 497	34 022	24 111
Bank Overdrafts			1 422	60 118
Comprehensive Income Expense			-44 061	-162 132	32 726
Creditors	51 007	44 603	38 228	1 087 865	42 497	34 022	24 111
Disposals Decrease In Depreciation Impairment Property Plant Equipment		16 000	32 219	-22 045	-21 719
Disposals Property Plant Equipment		16 000	32 219	-103 475	-21 719
Fixed Assets	209 381	167 360	126 732	22 234	3 501
Increase From Amortisation Charge For Year Intangible Assets		30 200	30 200	20 200	16 830
Increase From Depreciation Charge For Year Property Plant Equipment		11 820	10 428	3 948	1 903	1 882	1 416
Intangible Assets	97 431	67 231	37 031	16 830
Intangible Assets Gross Cost	151 000	151 000	151 000	151 000	151 000	151 000	151 000
Investments Fixed Assets	304	303	303	203	203	203	203
Investments In Subsidiaries			303	203	203	203	203
Issue Equity Instruments			188
Merchandise					28 855
Net Current Assets Liabilities	149 581	71 146	-29 523	-175 543	-127 598
Other Creditors				15 228	6 134	430 462	713 051
Other Inventories			43 033	28 855	28 855
Other Payables Accrued Expenses			896 133	755 608
Other Provisions Balance Sheet Subtotal					-1 370	-1 607
Other Taxation Payable					173 340	93 745	-4 426
Prepayments			40 924	18 990	10 767
Profit Loss			-44 061	-162 132	32 726
Property Plant Equipment Gross Cost	261 336	245 336	213 117	110 823	89 104	89 104	89 104
Provisions For Liabilities Balance Sheet Subtotal			-8 898	-2 759	-1 370
Taxation Social Security Payable			199 588	136 801	173 341
Total Assets Less Current Liabilities	358 962	238 506	97 209	-153 309	-124 097
Total Borrowings			38 228	60 118	42 497
Trade Creditors Trade Payables			53 151	45 402	21 161	79 314	158 044
Trade Debtors Trade Receivables			837 709	770 698	379 994	387 964	122 090
Unpaid Contributions To Pension Schemes				15 228
Useful Life Intangible Assets Years						5	5
Useful Life Property Plant Equipment Years						4	4
Work In Progress			48 792	51 631	50 000
Additional Provisions Increase From New Provisions Recognised			836
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-301
Future Minimum Lease Payments Under Non-cancellable Operating Leases	60 881	62 131	68 251
Investments In Associates	303	303	303
Number Shares Issued But Not Fully Paid			90
Number Shares Issued Fully Paid		64	90
Par Value Share		1	1
Provisions	-9 433	-9 734	-8 898