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Inspire Your Business Limited

04332017

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

6 QUEENS COURT, THIRD AVENUE, GATESHEAD, NE11 0BU
Incorporated 30/11/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

69201
Accounting and auditing activities

Officers

Mr Richard Alan Tait Fcca

secretary · Since 01/02/2002

BRITISH · UNITED KINGDOM · Age 52

Also on 20 other boards

Mr Michael David Mckenna

director · Since 01/02/2002

ACCOUNTANT

BRITISH · ENGLAND · Age 58

Also on 11 other boards

Mr Richard Alan Tait Fcca

director · Since 07/08/2002

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 52

Also on 20 other boards

Persons with Significant Control

Mr Richard Alan Tait

25–50% shares
25–50% votes

British · United Kingdom · Age 52

6, Queens Court, Third Avenue, Gateshead, NE11 0BU

Notified 06/04/2016

Mr Michael David Mckenna

25–50% shares
25–50% votes

British · England · Age 58

6, Queens Court, Third Avenue, Gateshead, NE11 0BU

Notified 06/04/2016

Former PSCs

Mr Mark James Harding

Ceased 30/11/2018

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 28/03/2014Registered 09/04/2014
charge
satisfied

CLYDESDALE BANK PLC

Created 31/01/2011Registered 01/02/2011Satisfied 09/01/2020

CompanyRankvs 2484+ SIC 69201 peers
70

Financial strength91th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.38× · 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.

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 31/05/2024

Net Worth

£174k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£297k

Working capital

Current Assets

£1.1M

Current Liabilities

£773k

Fixed Assets

£307k

Debtors

£1.1M

15avg. employees+1

Balance Sheet

Intangible assets£300k
Bank loans & overdrafts£415k
Assets less current liabilities£604k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.38+£23k
20232.03+£756
20221.69+£5k
20211.51-£10k
20201.52+£12k
2019—+£818

Derived from filed accounts. Not audited figures.