PRACTICAL INNOVATION LIMITED

Company number 16223295 · Active

PRACTICAL INNOVATION LIMITED is a private limited company registered in BEDFORD, United Kingdom, incorporated on 2 Feb 2025. Its registered activity is other human health activities. Its latest published accounts for the period ending 28 Feb 2026 show equity of £5,934, total assets of £14k. It has filed 1 set of accounts. Our model estimates a 0.00 % probability that it becomes insolvent within 12 months, 0.0 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.00 %
Low risk
Lowest riskHighest risk

Higher than 0 % of active companies in the United Kingdom. 0.0× the average annual insolvency rate (0.12 %).

Raises the risk

Current ratio2.7×0.565361–1.20204 · 0.31 % became insolvent
Region2.2×MK · 0.26 % became insolvent
Current liabilities ÷ assets2.2×0.961567–2.20344 · 0.26 % became insolvent
Accounts type1.6×balance sheet only · 0.18 % became insolvent
Has filed accounts1.3×1 · 0.16 % became insolvent
Equity ratio1.3×0.289275–0.742974 · 0.15 % became insolvent

Lowers the risk

Company age (years)0.0×1.728–6.256 · 0.00 % became insolvent
Accounts filed0.5×0–3 · 0.06 % became insolvent
Industry0.6×86 · 0.07 % became insolvent
Late filings0.8×0–1 · 0.09 % became insolvent
Accounts overdue0.8×0 · 0.09 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
16223295 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
2 Feb 2025 (2 years)
Registered address
MK45 5HL BEDFORD
Postcode area
Milton Keynes
Activity
86900 Other human health activities
Industry
Human health activities
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
28 Feb 20263 Nov 2026– –£5,934£14k £20k–2

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in Milton Keynes

Questions about PRACTICAL INNOVATION LIMITED

What is the company number of PRACTICAL INNOVATION LIMITED?

PRACTICAL INNOVATION LIMITED is registered under company number 16223295 in the official register of United Kingdom. View it at the official register.

Is PRACTICAL INNOVATION LIMITED still active?

Yes. PRACTICAL INNOVATION LIMITED is registered as active (status: Active).

Has PRACTICAL INNOVATION LIMITED gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for PRACTICAL INNOVATION LIMITED in the official data.

How likely is PRACTICAL INNOVATION LIMITED to become insolvent?

Our model estimates a 0.00 % probability that PRACTICAL INNOVATION LIMITED becomes insolvent within the next 12 months (low risk). That is higher than 0 % of active companies in the United Kingdom.

When was PRACTICAL INNOVATION LIMITED founded?

PRACTICAL INNOVATION LIMITED was incorporated on 2 Feb 2025.

Where is PRACTICAL INNOVATION LIMITED registered?

PRACTICAL INNOVATION LIMITED's registered address is in MK45 5HL BEDFORD (Milton Keynes), United Kingdom.

What do the latest accounts of PRACTICAL INNOVATION LIMITED show?

The latest published accounts (period ending 28 Feb 2026) show equity of £5,934, total assets of £14k, 2 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 8 Nov 2026.