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Situation Publishing Limited

03403653

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

27 OLD GLOUCESTER ST, LONDON, WC1N 3AX
Incorporated 15/07/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

58190
Other publishing activities

Officers

Mr Drew Cullen

director · Since 15/07/1997

JOURNALIST

BRITISH,IRISH · ENGLAND · Age 65

Also on 1 other board

Mr Linus John Birtles

secretary · Since 23/03/2000

BRITISH · UNITED KINGDOM · Age 65

Also on 1 other board

Mr Linus John Birtles

director · Since 18/01/2005

PUBLISHER

BRITISH · UNITED KINGDOM · Age 65

Also on 1 other board

Mr Philip David Mitchell

director · Since 12/04/2024

CHIEF EXECUTIVE OFFICER

BRITISH · ENGLAND · Age 54

Persons with Significant Control

Situation Publishing Holdings Limited

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

Unit 1, 14 Portland Street, Southport, PR8 1LJ

Reg: 12962126 · The Register Of Companies In England And Wales · Private Company Limited By Shares

Notified 02/11/2020

Former PSCs

Mr Richard Goddard

Ceased 02/11/2020

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 05/03/2013Registered 06/03/2013
charge
satisfied

LINSEED ASSETS LIMITED

Created 31/03/2011Registered 21/04/2011Satisfied 16/09/2013
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 08/11/2007Registered 14/11/2007Satisfied 16/09/2013

CompanyRankvs 5255+ SIC 58190 peers
41

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.77× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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5255Situation Publishing Limited
47
How is this score calculated?
Financial strength0/25 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.

Liquidity6/20 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

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

Key FinancialsYear ending 31/12/2023

Net Worth

-£1.2M

Balance sheet strength

Cash

£768k

Cash in the bank

Net Current Assets

-£1.4M

Working capital

Current Assets

£4.7M

Current Liabilities

£6.1M

Fixed Assets

£308k

Debtors

£3.9M

39avg. employees+5

Tax at Year End(2022)

Corp tax£23k

Balance Sheet

Intangible assets£280k
Assets less current liabilities-£1.1M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20230.77-£1.1M
20220.96-£1.1M
20211.34—

Derived from filed accounts. Not audited figures.