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Brainspark Associates Limited

03782342

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

FIRST FLOOR, LONDON, WC2A 1LF
Incorporated 03/06/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Professor Francesco Gardin

director · Since 01/08/2015

DIRECTOR

ITALIAN · ITALY · Age 71

Also on 12 other boards

James Douglas Strachan Gordon

secretary · Since 17/07/2018

Persons with Significant Control

Quantum Blockchain Technologies Plc (Formerly Clear Leisure Plc)

75–100% shares
75–100% votes

22, Great James Street, London, WC1N 3ES

Reg: 3926192 · England · Public Limited Company

Notified 06/04/2016

CompanyRankvs 117252+ SIC 82990 peers
28

Financial strength0th percentile among SIC peers · 0/25
Employees40th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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117252Brainspark Associates Limited
38
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.

Employees6/15 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.

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

Ltd and, consequently we were unable to determine whether any adjustment to that amount was necessary. In addition, in their report, the auditor emphasised a material uncertainty relating to going concern without qualifying their report: We draw your attention to note 2.2 in the financial statements which states that the Company incurred substantial losses during the year and is in a net liabiliti

Key FinancialsYear ending 31/12/2020

Net Worth

-£36.3M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£36.8M

Working capital

Current Assets

£4.5M

Current Liabilities

£41.3M

Fixed Assets

£546k

Debtors

£4.5M

1avg. employees
Prepared with Caseware UK (AP4) 2020.0.247

EstimatesDerived

YearCurrent Ratio
20200.11

Derived from filed accounts. Not audited figures.