Sift Limited
03230061
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 20/08/2025
Due 03/09/2026
Industry
Officers
director · Since 12/09/1996
CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 64
Also on 6 other boards
director · Since 27/11/2015
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 50
Also on 5 other boards
director · Since 05/07/2016
NON-EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 64
Also on 3 other boards
director · Since 01/07/2023
NON EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 1 other board
Persons with Significant Control
Albion Capital Group Llp
1, Benjamin Street, London, EC1M 5QL
Reg: Oc341254 · Companies House · Limited Liability Partnership
Notified 06/04/2016
Mr Ben Heald
British · England · Age 64
Floor 2, Charlotte Place, Bristol, BS1 4EX
Notified 06/04/2016
Albion Technology & General Vct Plc
1, Benjamin Street, London, EC1M 5QL
Reg: 04114310 · Companies House · Public Limited Company
Notified 10/07/2025
Former PSCs
Albion Kay Vct Plc
Ceased 10/07/2025
Charges2 outstanding
BARCLAYS BANK PLC
CREATIVE ENGLAND LIMITED
CREATIVE ENGLAND LIMITED
BARCLAYS BANK PLC
BRANN LIMITED
BEN HEALD
LLOYDS TSB BANK PLC
BRANN LIMITED
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
BEN HEALD
DANDIA CHARITABLE TRUST
CompanyRankvs 386340+ SIC 62090 peers27
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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
up to Sift Limited as part of a group re-organisation and strategy reset of the group. Based on the above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. However, the above matters represent a material uncertainty that may cast a significant doubt on the company’s ability to continue as a going concern and therefore to continue to
Key FinancialsYear ending 31/12/2024
Net Worth
-£1.4M
Balance sheet strength
Cash
£79k
Cash in the bank
Net Current Assets
-£1.7M
Working capital
Current Assets
£1.2M
Current Liabilities
£2.9M
Fixed Assets
£761k
Debtors
£1.1M
Profit After Tax
-£167k
Tax at Year End(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.40 | -£167k |
| 2023 | 0.62 | -£866k |
| 2022 | 0.72 | -£1.2M |
| 2020 | 1.10 | -£109k |
| 2019 | 1.22 | — |
Derived from filed accounts. Not audited figures.