Simoco Emea Ltd
04382515
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/04/2007
ACCOUNTANT
BRITISH · ENGLAND · Age 58
Also on 15 other boards
director · Since 23/11/2012
CHIEF OPERATING OFFICER
BRITISH · UNITED KINGDOM · Age 61
Also on 6 other boards
director · Since 15/09/2020
DIRECTOR
BRITISH · ENGLAND · Age 70
Also on 9 other boards
Persons with Significant Control
Team Telecommunications Group Limited
Field House, Uttoxeter Old Road, Derby, DE1 1NH
Reg: 05131474 · England & Wales · Limited Company
Notified 06/04/2016
Charges1 outstanding
HSBC UK BANK PLC
BARRINGTON HOUSE NOMINEES LIMITED
HSBC BANK PLC (THE LENDER)
HSBC BANK PLC (SECURITY TRUSTEE)
HSBC BANK PLC
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
CompanyRankvs 4949+ SIC 61900 peers32
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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 co
Key FinancialsYear ending 31/10/2024
Turnover
£5.5M
Annual revenue
Net Worth
-£245k
Balance sheet strength
Cash
£81k
Cash in the bank
Profit Before Tax
£349k
Bottom line earnings
Net Current Assets
-£342k
Working capital
Current Assets
£1.5M
Current Liabilities
£1.9M
Fixed Assets
£97k
Debtors
£100k
Cost of Sales
£3.1M
Gross Profit
£2.4M
Admin Expenses
£2.1M
Operating Profit
£349k
Profit After Tax
£349k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.82 | +£349k |
| 2023 | 0.77 | — |
Derived from filed accounts. Not audited figures.