Solace In Business Ltd
03150254
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/01/2017
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 2 other boards
director · Since 01/02/2019
NON EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 64
Also on 1 other board
director · Since 01/09/2021
CONSULTANT
BRITISH · ENGLAND · Age 78
Also on 2 other boards
director · Since 01/09/2021
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 3 other boards
director · Since 01/11/2025
LOCAL GOVERNMENT OFFICER
BRITISH · ENGLAND · Age 65
Also on 3 other boards
secretary · Since 27/03/2026
Persons with Significant Control
The Society Of Local Authority Chief Executives And Senior Managers ( Solace Group) Ltd
Ground Floor, 2, Red Hall Court, Wakefield, WF1 2UN
Reg: 02771210 · England And Wales · Private Company Limited By Guarantee
Notified 06/04/2016
Charges1 outstanding
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 5529+ SIC 70229 peers65
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going concern The financial statements have been prepared on a going concern basis. In preparing the accounts the directors have considered possible risks, events or conditions that might cast signifi
Key FinancialsYear ending 31/03/2025
Net Worth
£532k
Balance sheet strength
Cash
£338k
Cash in the bank
Net Current Assets
£484k
Working capital
Current Assets
£1.3M
Current Liabilities
£827k
Fixed Assets
£48k
Debtors
£972k
Tax at Year End(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.58 | +£14k |
| 2024 | 1.37 | -£97k |
| 2023 | 1.51 | +£25k |
| 2022 | 1.62 | +£44k |
| 2021 | 1.48 | -£23k |
| 2020 | 1.46 | — |
| 2019 | 1.68 | — |
Derived from filed accounts. Not audited figures.