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Xait Ltd

03854989

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

FESTIVAL HOUSE, CHELTENHAM, GL50 3SH
Incorporated 07/10/1999

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/02/2026

Due 22/02/2027

On track

Industry

62012
Business and domestic software development

Officers

Mr Kevin Geraghty

director · Since 18/10/1999

CONSULTANT

BRITISH · ENGLAND · Age 59

Also on 4 other boards

Mr Eirik Gudmundsen

director · Since 01/12/2020

CHIEF EXECUTIVE

NORWEGIAN · NORWAY · Age 51

Mr Frank Skavland

director · Since 01/12/2020

CHIEF FINANCIAL OFFICER

NORWEGIAN · NORWAY · Age 45

Persons with Significant Control

Mr Eirik Gudmundsen

Significant control

Norwegian · Norway · Age 51

Klubbgata 1, Stavanger, 4 013

Notified 01/01/2022

Former PSCs

Mr John Munday

Ceased 30/11/2020

Mr Kevin Geraghty

Ceased 30/11/2020

Xait As

Ceased 01/01/2022

Charges0 outstanding

charge
satisfied

HSBC BANK PLC

Created 24/05/2006Registered 01/06/2006Satisfied 23/06/2017

CompanyRankvs 2829+ SIC 62012 peers
84

Financial strength97th percentile among SIC peers · 24/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.91× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 pts

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

Liquidity16/20 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 31/12/2024

Net Worth

£1.0M

Balance sheet strength

Cash

£892k

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£2.1M

Current Liabilities

£1.1M

Fixed Assets

£18k

Debtors

£1.2M

14avg. employees+4

Balance Sheet

Assets less current liabilities£1.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.91+£1.0M
20231.84-£818k
20214.14+£116k
20201.99+£703k
20192.27+£0
20183.33+£0
20163.16

Derived from filed accounts. Not audited figures.