Novatel Systems Limited
03599526
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/03/2016
COMPANY DIRECTOR
SWEDISH · ENGLAND · Age 53
Persons with Significant Control
Ian Gayton Gray
New Zealander · United Kingdom · Age 69
Suite 1, Concept House, Hornchurch, RM11 1XP
Notified 06/04/2016
Mrs Ann Eva-Lotta Birgitta Gray
Swedish · England · Age 53
Suite 1, Concept House, Hornchurch, RM11 1XP
Notified 06/04/2016
Former PSCs
Tower Hill Holdings
Ceased 09/06/2025
CompanyRankvs 1353+ SIC 62012 peers84
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£225k
Balance sheet strength
Cash
£209k
Cash in the bank
Net Current Assets
£222k
Working capital
Current Assets
£309k
Current Liabilities
£88k
Fixed Assets
£4k
Debtors
£101k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.53 | +£49k |
| 2023 | 3.53 | -£105k |
| 2022 | 4.17 | +£0 |
| 2022 | 4.17 | +£147k |
| 2021 | 2.09 | -£16k |
| 2020 | 1.91 | -£573 |
| 2019 | 3.23 | — |
| 2018 | 18.68 | — |
Derived from filed accounts. Not audited figures.