Asite Solutions Limited
04040122
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/06/2024
full
Next accounts due
30/06/2026
Confirmation statement
Last: 20/07/2025
Due 03/08/2026
Industry
Officers
director · Since 01/07/2003
CHIEF OPERATING OFFICER
BRITISH · ENGLAND · Age 51
Also on 1 other board
director · Since 05/04/2004
DEVELOPMENT DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 3 other boards
director · Since 10/03/2021
DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 1 other board
secretary · Since 06/06/2022
Persons with Significant Control
Asite Limited
7th Floor Leconfield House, Curzon Street, London, W1J 5JA
Reg: 02004015 · England And Wales · Limited Company
Notified 20/07/2016
Charges1 outstanding
BARCLAYS BANK PLC
ASHGROVE CAPITAL MANAGEMENT LTD. (AS SECURITY AGENT AND TRUSTEE FOR THE BENEFICIARIES)
ASHGROVE CAPITAL MANAGEMENT LTD. (AS SECURITY AGENT FOR THE SECURED PARTIES)
HSBC UK BANK PLC
R20 LIMITED
HSBC BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 356550+ SIC 62012 peers31
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
and will continue to be made over the coming months, and the forecasts for the year ended June 2024 show the Company return to positive EBITDA performance. In preparing the forecasts on which the going concern basis has been based, the Directors have considered the existence of a material uncertainty which may cast doubt upon the Company's ability to continue as a going concern. The view of th
Key FinancialsYear ending 30/06/2024
Turnover
£15.5M
Annual revenue
Net Worth
-£6.1M
Balance sheet strength
Cash
£582k
Cash in the bank
Profit Before Tax
-£2.1M
Bottom line earnings
Net Current Assets
-£7.9M
Working capital
Current Assets
£8.9M
Current Liabilities
£16.8M
Fixed Assets
£7.8M
Debtors
£8.3M
Cost of Sales
£2.7M
Gross Profit
£12.8M
Admin Expenses
£6.7M
Operating Profit
-£1.7M
Profit After Tax
-£2.1M
Tax at Year End(2022)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.53 | -£2.2M |
| 2023 | 0.40 | -£4.9M |
| 2022 | 0.64 | — |
Derived from filed accounts. Not audited figures.