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Irax Ltd

03742065

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

PARKLANDS POTTERY LANE, OSWESTRY, SY10 9DF
Incorporated 26/03/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities
62090
Other information technology service activities
63110
Data processing, hosting and related activities

Officers

Mrs Ruth Warburton

secretary · Since 26/03/1999

BRITISH · UNITED KINGDOM · Age 67

Also on 7 other boards

Mr Ian James Warburton

director · Since 26/03/1999

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 2 other boards

Mrs Ruth Warburton

director · Since 26/03/1999

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 67

Also on 7 other boards

Persons with Significant Control

Mrs Ruth Warburton

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 67

Parklands, Pottery Lane, Oswestry, SY10 9DF

Notified 06/04/2016

Mr Ian James Warburton

25–50% shares
25–50% votes
Appoint directors

British · England · Age 67

Parklands, Pottery Lane, Oswestry, SY10 9DF

Notified 11/11/2024

CompanyRankvs 27800+ SIC 62012 peers
47

Financial strength6th percentile among SIC peers · 2/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.5× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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27800Irax Ltd
47
How is this score calculated?
Financial strength2/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

-£61k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

-£61k

Working capital

Current Assets

£60k

Current Liabilities

£121k

Debtors

£50k

3avg. employees
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.50-£15k
20230.59-£52k
20221.04-£11k
20211.18-£11k
20201.55+£2k
20191.37+£8k
20181.32—

Derived from filed accounts. Not audited figures.