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Floating Earth Limited

02182604

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

4TH FLOOR FITZROVIA HOUSE, LONDON, W1T 6QW
Incorporated 23/10/1987

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Stephen Mark Long

secretary · Since 05/12/1990

BRITISH · Age 62

Also on 1 other board

Mr Michael James Hatch

director · Since 05/12/1990

RECORDING ENGINEER

BRITISH · UNITED KINGDOM · Age 63

Persons with Significant Control

Mr Michael James Hatch

75–100% shares

British · United Kingdom · Age 63

4th Floor Fitzrovia House, 153-157 Cleveland Street, London, W1T 6QW

Notified 04/12/2016

Charges3 outstanding

charge
outstanding

ABBEY NATIONAL PLC

Created 09/07/2008Registered 11/07/2008
charge
outstanding

ABBEY NATIONAL PLC

Created 09/07/2008Registered 11/07/2008
charge
satisfied

NORWICH AND PETERBOROUGH BUILDING SOCIETY

Created 04/12/2001Registered 06/12/2001Satisfied 31/07/2008
charge
satisfied

NORWICH AND PETERBOROUGH BUILDING SOCIETY

Created 04/12/2001Registered 06/12/2001Satisfied 31/07/2008
charge
satisfied

NORWICH AND PETERBOROUGH BUILDING SOCIETY

Created 04/12/2001Registered 06/12/2001Satisfied 31/07/2008
charge
outstanding

CLOSE BROTHERS LTD AND CLOSE ASSET FINANCE LTD

Created 02/03/2001Registered 07/03/2001
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/01/1990Registered 11/01/1990Satisfied 31/07/2008
charge
satisfied

R. HATCH · D. J. HATCH

Created 04/08/1989Registered 09/08/1989Satisfied 26/07/2008
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 22/03/1989Registered 04/04/1989Satisfied 31/07/2008

CompanyRankvs 10359+ SIC 59200 peers
25

Financial strength1th percentile among SIC peers · 0/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.28× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
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10359Floating Earth Limited
35
How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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

-£212k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£436k

Working capital

Current Assets

£168k

Current Liabilities

£604k

Fixed Assets

£460k

0avg. employees-8

Balance Sheet

Assets less current liabilities£24k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.28-£17k
20230.27-£22k
20220.39+£50k
20210.31+£25k
20200.23-£35k
20190.33-£21k
20180.32—

Derived from filed accounts. Not audited figures.