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Absolute Design Solutions Limited

03914506

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

SOLAR HOUSE, LONDON, N14 6NZ
Incorporated 27/01/2000

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 30/06/2025

Due 14/07/2026

On track

Industry

71129
Other engineering activities

Officers

Mrs Azadeh Savvides

secretary · Since 27/01/2000

BRITISH · UNITED KINGDOM · Age 67

Mr Antonis Savvides

director · Since 27/01/2000

STRUCTURAL ENGINEER

BRITISH · ENGLAND · Age 67

Persons with Significant Control

Mr Antonis Savvides

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

British · England · Age 67

Solar House, 282 Chase Road, London, N14 6NZ

Notified 06/04/2016

Former PSCs

Ms Azadeh Ghaemmaghami

Ceased 01/02/2023

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 12/09/2018Registered 27/09/2018
Charge
outstanding

BARCLAYS BANK PLC

Created 07/09/2015Registered 17/09/2015
Charge
satisfied

LLOYDS TSB BANK PLC

Created 03/06/2013Registered 11/06/2013Satisfied 15/12/2015

CompanyRankvs 1671+ SIC 71129 peers
69

Financial strength90th percentile among SIC peers · 23/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.12× · 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 strength23/25 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.

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 31/03/2025

Net Worth

£200k

Balance sheet strength

Cash

£81k

Cash in the bank

Net Current Assets

£11k

Working capital

Current Assets

£104k

Current Liabilities

£93k

Fixed Assets

£215k

Debtors

£23k

7avg. employees

Tax at Year End

Corp tax£14k
VAT£20k

Balance Sheet

Bank loans & overdrafts£19k
Assets less current liabilities£226k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.12-£53k£391k
20242.68+£11k£270k
20233.10-£55k£193k
20224.23-£35k£438k
20213.71-£15k£614k
20203.55-£11k£340k
20192.78£702k
20183.31£511k

Derived from filed accounts. Not audited figures.