Freeshire Limited
03573626
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
29/12/2024
full
Next accounts due
22/09/2026
Confirmation statement
Last: 17/06/2025
Due 01/07/2026
Industry
Officers
director · Since 02/06/1998
DIRECTOR
BRITISH · UNITED KINGDOM · Age 70
Also on 26 other boards
director · Since 09/10/1998
DIRECTOR
BRITISH · UNITED KINGDOM · Age 67
Also on 491 other boards
Persons with Significant Control
Fernlakes Limited
Myo Piccadilly, 1 Sherwood Street, London, W1F 7BL
Reg: 06525088 · Companies House · Public Limited Company
Notified 01/01/2017
Charges0 outstanding
PATRICK MCKENNA
UNITED ARTISTS FILMS INC.,
HSBC REPUBLIC BANK (UK) LIMITED
CompanyRankvs 133061+ SIC 82990 peers24
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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
Directors intend to continue operating its business and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The going concern basis of accounting is appropriate however there are material uncertainties related to events or conditions that may cast significant doubt upon the Company’s ability to continue to adopt
Key FinancialsYear ending 29/12/2024
Turnover
£703k
Annual revenue
Net Worth
-£102.2M
Balance sheet strength
Cash
£52k
Cash in the bank
Profit Before Tax
-£9.0M
Bottom line earnings
Net Current Assets
-£105.0M
Working capital
Current Assets
£23.7M
Current Liabilities
£128.7M
Fixed Assets
£3.0M
Debtors
£23.6M
Cost of Sales
£121k
Gross Profit
£582k
Admin Expenses
£7.7M
Operating Profit
-£9.0M
Profit After Tax
-£9.1M
Tax at Year End
People Costs(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.18 | -£9.1M |
| 2023 | 0.23 | -£5.6M |
| 2021 | 0.33 | -£10.2M |
| 2020 | 0.37 | — |
Derived from filed accounts. Not audited figures.