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Navisite Europe Limited

02329182

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

30 FENCHURCH STREET, LONDON, EC3M 3BD
Incorporated 16/12/1988

Compliance

Last accounts

31/12/2023

full

Next accounts due

27/06/2026

On track

Confirmation statement

Last: 27/11/2025

Due 11/12/2026

On track

Industry

63110
Data processing, hosting and related activities

Officers

Mr Malcolm Joseph Fernandes

director · Since 29/05/2024

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 67 other boards

Mr Gareth John Newton

director · Since 29/05/2024

FINANCIAL CONTROLLER

BRITISH · UNITED KINGDOM · Age 57

Also on 59 other boards

Mr Derek Boyd Simpson

director · Since 29/05/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 113 other boards

Persons with Significant Control

Remote Dba Experts Llc

Significant control

2000, Ericsson Drive, Warrendale, PA 15086

Notified 05/09/2019

Former PSCs

Charter Communications Inc

Ceased 05/09/2019

Charges0 outstanding

charge
satisfied

GLOBAL SWITCH (LONDON) LIMITED

Created 11/02/2004Registered 17/02/2004Satisfied 10/03/2022
charge
satisfied

MIDLAND BANK PLC

Created 01/02/1991Registered 20/02/1991Satisfied 14/05/2003

CompanyRankvs 105+ SIC 63110 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.02× · 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

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease opera

Key FinancialsYear ending 31/12/2023

Turnover

£43.7M

Annual revenue

Net Worth

£11.2M

Balance sheet strength

Cash

£108k

Cash in the bank

Profit Before Tax

£4.2M

Bottom line earnings

Net Current Assets

£10.7M

Working capital

Current Assets

£21.2M

Current Liabilities

£10.5M

Fixed Assets

£895k

Debtors

£21.1M

Cost of Sales

£20.6M

Gross Profit

£23.1M

Admin Expenses

£18.9M

Operating Profit

£4.2M

Profit After Tax

£5.5M

137avg. employees-9

People Costs

Wages & salaries£9.7M
NI contributions£1.3M

Balance Sheet

Intangible assets£4k
Assets less current liabilities£11.6M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20232.02+£5.5M
20221.67+£647k
20211.58-£144k
20202.16

Derived from filed accounts. Not audited figures.