Design Research Limited
04336773
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)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 05/02/2026
Due 19/02/2027
Industry
Officers
director · Since 09/10/2023
CEO
BRITISH · UNITED KINGDOM · Age 64
Also on 3 other boards
director · Since 27/06/2024
CFO
BRITISH · ENGLAND · Age 57
Also on 3 other boards
Persons with Significant Control
Neo Capital General Partner Ii L. P.
50, Lothian Road, Edinburgh, EH3 9WJ
Reg: Sl013622 · Companies House · Scottish Limited Partnership
Notified 06/04/2016
Former PSCs
Neo Investment Partners Llp
Ceased 26/06/2017
Charges2 outstanding
HSBC INVOICE FINANCE (UK) LTD
HSBC UK BANK PLC
HSBC BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD
ART & TECHNOLOGY BY PROVENTUS AB
HSBC BANK PLC
CompanyRankvs 1117+ SIC 46470 peers27
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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
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 concern are d
Key FinancialsYear ending 31/03/2024
Turnover
£20.7M
Annual revenue
Net Worth
-£10.1M
Balance sheet strength
Cash
£385k
Cash in the bank
Profit Before Tax
-£2.0M
Bottom line earnings
Net Current Assets
-£9.4M
Working capital
Current Assets
£9.3M
Current Liabilities
£18.7M
Fixed Assets
£917k
Debtors
£243k
Cost of Sales
£9.7M
Gross Profit
£11.1M
Admin Expenses
£11.7M
Operating Profit
-£1.7M
Profit After Tax
-£2.0M
Tax at Year End(2020)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.50 | -£2.0M |
| 2023 | 0.60 | -£4.0M |
| 2022 | 0.84 | -£2.1M |
| 2021 | 0.80 | -£2.3M |
| 2020 | 0.84 | — |
Derived from filed accounts. Not audited figures.