INVACARE LIMITED
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Cash
£1.6m
+14.5% vs 2024
Net assets
£22m
+7% vs 2024
Employees
88
-2.2% vs 2024
Profit before tax
£2.2m
+6.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £58,726,000 | £55,105,000 | -6.2% | |
| Operating profit | £2,068,000 | £2,203,000 | +6.5% | |
| Profit before tax | £2,050,000 | £2,185,000 | +6.6% | |
| Net profit | £1,714,000 | £1,452,000 | -15.3% | |
| Cash | £1,378,000 | £1,578,000 | +14.5% | |
| Total assets less current liabilities | £20,609,000 | £22,064,000 | +7.1% | |
| Net assets | £20,600,000 | £22,052,000 | +7% | |
| Equity | £20,600,000 | £22,052,000 | +7% | |
| Average employees | 90 | 88 | -2.2% | |
| Wages | £4,422,000 | £4,268,000 | -3.5% | |
| Directors' remuneration | £252,000 | £160,000 | -36.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-11-30 | 2025-11-30 |
|---|---|---|---|
| Operating margin | 3.5% | 4.0% | |
| Net margin | 2.9% | 2.6% | |
| Return on capital employed | 10.0% | 10.0% | |
| Gearing (liabilities / total assets) | 26.6% | 22.3% | |
| Current ratio | 3.76x | 4.48x | |
| Interest cover | 54.42x | 75.97x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- INVACARE LIMITED 2004-12-01 → present
- INVACARE WALES LIMITED 2004-08-05 → 2004-12-01
- REDI-163 LIMITED 2004-07-13 → 2004-08-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared in accordance with the going concern concept as the parent undertaking has committed to provide the financial support to allow the company to pay its debts as they fall due for a period of twelve months from the date of the balance sheet approval. The directors have a reasonable expectation that the company and the parent undertaking have adequate resources to continue as a going concern.”
Significant events
- “On 30th January 2026, Rhône, a global private equity firm, completed the acquisitions of Invacare Holdings SARL (Invacare Europe and APAC) and its subsidiaries and DHG Holdco SARL and its subsidiaries, combining the businesses and associated brands to create DHCare, with the aim to be one of the international leaders in designing, manufacturing and distributing medical devices in the mobility and post-acute care sectors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EVANS, James Phillip | Secretary | 2021-12-16 | — | — |
| EWART, Graham | Director | 2026-01-31 | Jan 1977 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARR, Rachel Mary | Secretary | 2012-08-13 | 2013-12-20 |
| COX, Simon John | Secretary | 2011-09-30 | 2012-08-12 |
| MCCARTHY, Kevin Carl | Secretary | 2013-12-20 | 2019-05-14 |
| MORGAN, Stephen John | Secretary | 2004-07-26 | 2010-06-30 |
| NEWELL, Kelly Louise | Secretary | 2019-05-14 | 2021-12-16 |
| PEARCE, David Thomas | Secretary | 2010-07-15 | 2011-09-30 |
| BERITH (SECRETARIES) LIMITED | Corporate Secretary | 2004-07-13 | 2004-07-27 |
| DAVIES, Robert Steven | Director | 2004-07-26 | 2007-01-31 |
| FARRELL, Michael David | Director | 2019-01-03 | 2026-02-09 |
| GRETZ, Philippe Jordi | Director | 2017-11-30 | 2021-06-08 |
| GUDBRANSON, Robert Kenneth | Director | 2010-10-14 | 2017-11-26 |
| HAWKES, Roy Sidney | Director | 2004-07-26 | 2007-01-31 |
| KRAMMER, Franz Xaver | Director | 2004-11-01 | 2011-04-28 |
| LAWSON, James Arthur | Director | 2004-07-26 | 2005-05-31 |
| LENEGHAN, Kathleen Patricia | Director | 2017-11-26 | 2023-07-01 |
| LEWIS, Jan Anthony | Director | 2006-01-23 | 2006-12-04 |
| MORGAN, Stephen John | Director | 2007-01-31 | 2010-06-30 |
| PROSSER, Mark | Director | 2006-12-04 | 2019-01-03 |
| PROSSER, Mark | Director | 2004-12-01 | 2006-02-06 |
| PURTILL, Geoffrey Porter | Director | 2022-06-01 | 2026-01-31 |
| VASSILOUDIS, Theodoros | Director | 2011-04-28 | 2017-11-30 |
| ZHU, Kai | Director | 2023-07-01 | 2026-01-31 |
| BERITH (NOMINEES) LIMITED | Corporate Director | 2004-07-13 | 2004-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Invacare Uk Operations Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-05 | AA | accounts | Accounts with accounts type full | |
| 2024-08-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-14 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.