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Iti Network Services Limited

03015303

active
Private Limited Company
england wales
Companies House
Has been liquidated
Insolvency history
Health Score
53 / 100

Notable Risks

25/30
Filing
10/30
Financial
18/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

201 UPWELL STREET, SHEFFIELD, S4 8AL
Incorporated 27/01/1995

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/05/2026

Due 22/05/2027

On track

Industry

61900
Other telecommunications activities

Officers

Mr David Stuart Newton

director · Since 22/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 1 other board

Mr Jack Levine

director · Since 01/03/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 28

Mr Jeremy David Levine

director · Since 01/03/2024

DIRECTOR

BRITISH · GIBRALTAR · Age 57

Also on 2 other boards

Persons with Significant Control

Mr Jeremy David Levine

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

British · Gibraltar · Age 57

201, Upwell Street, Sheffield, S4 8AL

Notified 01/03/2024

Former PSCs

Mr Steven Richard Clarke

Ceased 01/03/2024

Mr Jason Alistair Denmark

Ceased 01/03/2024

The Templand Group Limited

Ceased 01/03/2024

Mr David Stuart Newton

Ceased 21/06/2021

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/06/2016Registered 07/06/2016
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 01/03/2004Registered 03/03/2004Satisfied 09/01/2025

Insolvency History1 case

corporate voluntary arrangement

Phillip Malachy Daly (practitioner)

CompanyRankvs 704+ SIC 61900 peers
62

Financial strength85th percentile among SIC peers · 21/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.92× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength21/25 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.

Liquidity16/20 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£120k

Balance sheet strength

Cash

£212k

Cash in the bank

Net Current Assets

£718k

Working capital

Current Assets

£1.5M

Current Liabilities

£784k

Fixed Assets

£80k

Debtors

£1.0M

22avg. employees-11

Balance Sheet

Assets less current liabilities£798k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.92-£17k
20241.09-£335k
20231.35

Derived from filed accounts. Not audited figures.