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Freestart Public Limited Company

03855529

active
Public Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

12 LORD STREET, WIGAN, WN1 2BN
Incorporated 08/10/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Earl Joseph Crooks

director · Since 30/10/1999

MARKETING

BRITISH · Age 71

Also on 8 other boards

Mrs Maria Louise Crooks

director · Since 01/11/1999

ACCOUNTANT

BRITISH · ENGLAND · Age 48

Mr Mark Andrew Gerrard

director · Since 15/03/2011

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 1 other board

Mr Kevin Lowe

director · Since 18/08/2020

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 2 other boards

Persons with Significant Control

Mr Earl Joseph Crooks

50–75% shares
50–75% votes
Appoint directors

British · England · Age 71

Beech Tree Barn, 143a Liverpool Road, Ormskirk, L39 0EQ

Notified 06/04/2016

Mrs Maria Louise Crooks

25–50% shares
25–50% votes

British · England · Age 48

Beech Tree Barn, 143a Liverpool Road, Ormskirk, L39 0EQ

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 25/11/2013Registered 28/11/2013
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 28/06/2006Registered 01/07/2006

CompanyRankvs 375+ SIC 62090 peers
69

Financial strength95th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.48× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Employees15/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/11/2024

Turnover

£2.8M

Annual revenue

Net Worth

£464k

Balance sheet strength

Cash

£596k

Cash in the bank

Profit Before Tax

£36k

Bottom line earnings

Net Current Assets

£386k

Working capital

Current Assets

£647k

Current Liabilities

£261k

Fixed Assets

£99k

Debtors

£51k

Cost of Sales

£487k

Gross Profit

£2.3M

Admin Expenses

£2.3M

Operating Profit

£30k

Profit After Tax

£29k

48avg. employees

Tax at Year End

Corp tax£7k
Dividends paid£499k

People Costs

Wages & salaries£1.4M
NI contributions£148k

Balance Sheet

Assets less current liabilities£485k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.48-£470k
20231.57+£143k
20221.45+£38k
20211.49+£101k
20201.24+£57k
20192.43+£106k
20182.18

Derived from filed accounts. Not audited figures.