Bit Systems Limited
02936365
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
30/09/2024
total exemption full
Next accounts due
30/06/2026
Confirmation statement
Last: 07/06/2025
Due 21/06/2026
Industry
Officers
secretary · Since 01/07/1996
COMPANY SECRETARY
BRITISH · UNITED KINGDOM · Age 72
Also on 80 other boards
Persons with Significant Control
Techsol Group Limited
The Maltings, East Tyndall Street, Cardiff, CF24 5EZ
Reg: 3268851 · Companies House · Limited Company
Notified 07/06/2017
Charges2 outstanding
HSBC BANK PLC
MIDLAND BANK PLC
CompanyRankvs 44651+ SIC 62020 peers47
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/09/2024
Net Worth
-£1.4M
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£21k
Working capital
Current Assets
£570k
Current Liabilities
£549k
Fixed Assets
£145k
Debtors
£569k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.04 | -£355k |
| 2023 | 0.81 | -£381k |
| 2022 | 0.99 | -£219k |
| 2021 | 0.61 | -£151k |
| 2019 | 0.95 | +£32k |
| 2018 | 0.39 | — |
Derived from filed accounts. Not audited figures.