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Chorus It Limited

03836029

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

1 SERBERT WAY, BRISTOL, BS20 7GD
Incorporated 03/09/1999

Compliance

Last accounts

30/09/2024

small

Next accounts due

29/06/2026

On track

Confirmation statement

Last: 20/02/2026

Due 06/03/2027

On track

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Mark Andrew Taylor

director · Since 03/09/1999

IT CONSULTANT

BRITISH · UNITED KINGDOM · Age 55

Also on 6 other boards

Mr Anthony John Sherry

director · Since 01/02/2008

SALES MANAGER

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Mrs Nicola Clare Saner

director · Since 01/10/2018

OPERATIONS

BRITISH · ENGLAND · Age 47

Also on 1 other board

Mr Russell Hill

director · Since 16/05/2022

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 1 other board

Persons with Significant Control

Chorus Global Holdings Ltd

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

1 Serbert Way, Portishead, Bristol, BS20 7GD

Reg: 11505119 · Companies House · Limited Company

Notified 04/10/2018

Former PSCs

Chorus Global Ltd

Ceased 04/10/2018

Charges2 outstanding

Charge
outstanding

BPC UK LENDING DAC

Created 05/06/2025Registered 05/06/2025
Charge
outstanding

BPC UK LENDING DAC

Created 12/09/2023Registered 14/09/2023
Charge
satisfied

GROWTH LENDING 2021 LIMITED

Created 28/02/2022Registered 28/02/2022Satisfied 20/09/2023
charge
satisfied

RICHARD MICHAEL THOMAS

Created 24/08/2009Registered 03/09/2009Satisfied 25/05/2018
charge
satisfied

HSBC BANK PLC

Created 27/07/2004Registered 28/07/2004Satisfied 23/03/2022

CompanyRankvs 19730+ SIC 62012 peers
47

Financial strength1th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.32× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Liquidity12/20 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 30/09/2024

Net Worth

-£1.6M

Balance sheet strength

Cash

£436k

Cash in the bank

Net Current Assets

£547k

Working capital

Current Assets

£2.2M

Current Liabilities

£1.7M

Fixed Assets

£242k

Debtors

£1.8M

Profit After Tax

-£639k

93avg. employees+2

Tax at Year End(2022)

Dividends paid£159k

Balance Sheet

Intangible assets£166k
Assets less current liabilities£789k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.32-£639k
20232.65
20221.86
20211.73-£169k
20202.25-£76k
20192.66+£364k
20181.44

Derived from filed accounts. Not audited figures.