Sound Foundation Limited
03120614
Some Concerns
- Accounts filing overdue (-15)
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Previously known as
Compliance
Last accounts
31/12/2023
audit exemption subsidiary
Next accounts due
31/12/2025
Confirmation statement
Last: 01/11/2025
Due 15/11/2026
Industry
Officers
director · Since 01/10/2004
PRODUCTION MANAGER
BRITISH · ENGLAND · Age 46
Also on 1 other board
director · Since 01/01/2011
OPERATIONS DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 3 other boards
Former
corporate nominee director · Resigned 01/11/1995
corporate nominee secretary · Resigned 01/11/1995
director · Resigned 31/08/2005
director · Resigned 01/10/2014
secretary · Resigned 26/04/2018
director · Resigned 26/04/2018
director · Resigned 30/04/2018
director · Resigned 30/04/2021
secretary · Resigned 29/12/2023
Persons with Significant Control
D&B Solutions Holdings Limited
20, Merton Park Industrial Estate, London, SW19 3WL
Notified 06/04/2016
Charges0 outstanding
NATIONAL WESTMINSTER BANK PLC
LOMBARD NORTH CENTRAL PLC
Change History
Active
Private Limited Company
UNIT 5 HEADLEY PARK 10
WOODLEY, READING
CompanyRankvs 1277+ SIC 77390 peers51
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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
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
remains volatile to market conditions, overall, it has been assessed that there are not material uncertainties that may cast significant doubt about the ability of the Company to continue as a going concern During the financial year the Company acquired production av, a Cheltenham based av company registered in England. Specialising in video solutions this strategic investment will enable the Comp
Key FinancialsYear ending 31/12/2021
Turnover
£6.7M
Annual revenue
Net Worth
£254k
Balance sheet strength
Cash
£179k
Cash in the bank
Profit Before Tax
£21k
Bottom line earnings
Net Current Assets
-£232k
Working capital
Current Assets
£2.0M
Current Liabilities
£2.2M
Fixed Assets
£1.8M
Cost of Sales
£3.5M
Gross Profit
£3.2M
Admin Expenses
£3.6M
Operating Profit
£209k
Profit After Tax
-£54k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2021 | 0.90 | -£302k |
| 2020 | 1.82 | -£1.8M |
| 2018 | 0.68 | — |
Derived from filed accounts. Not audited figures.