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Figtree Systems Europe Limited

02481984

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

167-169 GREAT PORTLAND STREET, LONDON, W1W 5PF
Incorporated 16/03/1990

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/03/2026

Due 14/04/2027

On track

Industry

62020
Information technology consultancy activities

Officers

Mr Ben Dowling

secretary · Since 30/03/2023

Mark Edward Clearwater

director · Since 09/07/2025

MANAGER

AUSTRALIAN · AUSTRALIA · Age 51

Persons with Significant Control

Vela Apac Uk Holdco Ltd

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

Brook Suite, Ground Floor, Bewley House, Chippenham, SN15 1JW

Reg: 14812498 · Companies House Of England And Wales · Private Company Limited By Shares

Notified 01/10/2024

Former PSCs

Ntt Data Corporation

Ceased 15/06/2021

Mr Tetsu Sato

Ceased 30/05/2019

Constellation Software Uk Holdco Ltd

Ceased 01/10/2024

Vela Uk Holdco Ltd

Ceased 01/10/2024

CompanyRankvs 449+ SIC 62020 peers
79

Financial strength99th percentile among SIC peers · 25/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.03× · 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.

Employees14/15 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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£2.1M

Annual revenue

Net Worth

£1.1M

Balance sheet strength

Cash

£193k

Cash in the bank

Profit Before Tax

-£82k

Bottom line earnings

Net Current Assets

£1.3M

Working capital

Current Assets

£2.6M

Current Liabilities

£1.3M

Debtors

£2.4M

Cost of Sales

£2.0M

Gross Profit

£89k

Admin Expenses

£171k

Profit After Tax

-£148k

6avg. employees

Tax at Year End(2023)

Corp tax£12k

People Costs

NI contributions£46k

Balance Sheet

Assets less current liabilities£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.03+£0
20232.45+£0
20221.61+£0
20212.06-£85k
20213.03-£116k
20202.54

Derived from filed accounts. Not audited figures.