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International Financial Systems Ltd.

02098378

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

5 HARE HALL LANE, ROMFORD, RM2 6BD
Incorporated 10/02/1987

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Terence Dennis Day

director · Since 04/07/1991

COMPUTER CONSULTANT

BRITISH · ENGLAND · Age 77

Also on 7 other boards

Mrs June Day

secretary · Since 01/05/1993

BRITISH · ENGLAND · Age 77

Also on 6 other boards

Mr Michael Victor Da Silva

director · Since 02/11/2015

DIRECTOR

BRITISH · GIBRALTAR · Age 56

Mr Matthew Terence Day

director · Since 02/11/2015

COMPUTER SOFTWARE

BRITISH · UNITED KINGDOM · Age 55

Also on 1 other board

Persons with Significant Control

Criterion Group Limited

75–100% shares
75–100% votes

5 Hare Hall Lane, Gidea Park, Romford, RM2 6BD

Reg: 02098379 · Companies House · Limited

Notified 06/04/2016

Former PSCs

Terence Dennis Day

Ceased 06/04/2016

Charges2 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 11/01/2012Registered 20/01/2012
charge
outstanding

BARCLAYS BANK PLC

Created 16/06/1998Registered 25/06/1998

CompanyRankvs 24+ SIC 62020 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 9.76× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

£2.3M

Balance sheet strength

Cash

£2.2M

Cash in the bank

Net Current Assets

£2.2M

Working capital

Current Assets

£2.5M

Current Liabilities

£252k

Fixed Assets

£145k

Debtors

£238k

8avg. employees

Tax at Year End

Corp tax£91k

Balance Sheet

Assets less current liabilities£2.4M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20249.76+£83k
202310.66+£10k
202226.65-£17k
20215.66—

Derived from filed accounts. Not audited figures.