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Htec Limited

01486255

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

5 NEW STREET SQUARE, LONDON, EC4A 3TW
Incorporated 19/03/1980

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/04/2026

Due 28/04/2027

On track

Industry

62090
Other information technology service activities

Officers

Mr James Alexander Frangis

director · Since 02/09/2022

CHIEF EXECUTIVE OFFICER

AMERICAN · UNITED STATES · Age 58

Also on 20 other boards

Ms Linnea Geiss

director · Since 02/09/2022

CHIEF OPERATING OFFICER

AMERICAN · UNITED STATES · Age 47

Also on 15 other boards

Taylor Wessing Secretaries Limited

secretary · Since 12/01/2023

BRITISH

Also on 1085 other boards

Persons with Significant Control

Universe Group Limited

75–100% shares
75–100% votes
Appoint directors

5, New Street Square, London, EC4A 3TW

Reg: 02639726 · Companies House · Limited By Shares

Notified 24/02/2025

Former PSCs

Mr Baljit Kumar Tank

Ceased 24/03/2021

Htec Group Limited

Ceased 24/02/2025

Mr Jeremy Michael James Lewis

Ceased 30/04/2021

Mr Robert John Smeeton

Ceased 10/07/2017

Mr Daryl Marc Paton

Ceased 30/11/2020

Mr Neil Andrew Radley

Ceased 18/06/2022

Mr Adrian Wilding

Ceased 03/09/2022

Charges0 outstanding

Charge
satisfied

HSBC UK BANK PLC

Created 14/10/2020Registered 15/10/2020Satisfied 23/01/2022
Charge
satisfied

HSBC UK BANK PLC

Created 03/04/2019Registered 12/04/2019Satisfied 23/01/2022
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 04/08/2014Registered 05/08/2014Satisfied 26/03/2019
charge
satisfied

DOWNING DISTRIBUTION VCT 1 PLC

Created 23/11/2012Registered 28/11/2012Satisfied 26/03/2019
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 08/10/2009Registered 21/10/2009Satisfied 26/03/2019
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 21/08/2007Registered 23/08/2007Satisfied 26/03/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 30/12/2005Registered 11/01/2006Satisfied 10/08/2007
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 27/11/2003Registered 29/11/2003Satisfied 10/08/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 30/06/2003Registered 04/07/2003Satisfied 10/08/2007
charge
satisfied

YORKSHIRE BANK PLC

Created 29/10/2002Registered 01/11/2002Satisfied 14/09/2005
charge
satisfied

YORKSHIRE BANK PLC

Created 30/10/2002Registered 01/11/2002Satisfied 14/09/2005
charge
satisfied

YORKSHIRE BANK PLC

Created 27/09/2002Registered 28/09/2002Satisfied 14/09/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/03/1998Registered 03/04/1998Satisfied 10/08/2007
charge
satisfied

LLOYDS BANK PLC

Created 05/01/1996Registered 11/01/1996Satisfied 22/04/1998
charge
satisfied

LLOYDS BANK PLC

Created 25/09/1992Registered 30/09/1992Satisfied 22/04/1998
charge
satisfied

LLOYDS BOWMAKER LIMITED

Created 26/03/1990Registered 31/03/1990Satisfied 22/04/1998
charge
satisfied

LLOYDS BOWMAKER LIMITED

Created 07/02/1990Registered 09/02/1990Satisfied 22/04/1998
charge
satisfied

LLOYDS BANK PLC

Created 09/01/1987Registered 28/01/1987Satisfied 22/04/1998
charge
satisfied

APA VENTURES 11 LIMITED

Created 03/12/1986Registered 18/12/1986Satisfied 17/11/1988

CompanyRankvs 10+ SIC 62090 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.9× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£10.4M

Annual revenue

Net Worth

£9.9M

Balance sheet strength

Cash

£794k

Cash in the bank

Profit Before Tax

-£4.3M

Bottom line earnings

Net Current Assets

£10.6M

Working capital

Current Assets

£14.3M

Current Liabilities

£3.7M

Fixed Assets

£591k

Debtors

£627k

Cost of Sales

£2.3M

Gross Profit

£8.0M

Admin Expenses

£12.3M

Operating Profit

-£4.3M

Profit After Tax

-£4.2M

132avg. employees

Tax at Year End

Corp tax£2k

People Costs

Wages & salaries£4.2M
NI contributions£418k

Balance Sheet

Intangible assets£454k
Assets less current liabilities£11.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20243.90-£4.2M
20234.45+£1.3M
20222.97

Derived from filed accounts. Not audited figures.