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Sandpit Systems Limited

04542567

active
ltd
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

35 Cardigan Street, Ipswich, Suffolk, IP1 3PF
Incorporated 23/09/2002

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 23/09/2025

Due 07/10/2026

On track

Industry

62090
Other information technology service activities

Officers

Mr Steven Velletri

director · Since 23/09/2002

COMPUTER CONSULTANT

ITALIAN · ENGLAND · Age 59

Also on 4 other boards

Steven Velletri

director · Since 23/09/2002

Italian · England · Age 59

Former

Temple Secretaries Limited

corporate nominee secretary · Resigned 23/09/2002

Company Directors Limited

corporate nominee director · Resigned 23/09/2002

Alison Patricia Smith

secretary · Resigned 28/10/2011

Teodora Velletri

secretary · Resigned 25/09/2017

Persons with Significant Control

Mr Steven Velletri

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

British · England · Age 59

35 Cardigan Street, Suffolk, IP1 3PF

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 01/12/2017Registered 20/12/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/11/2017Registered 23/11/2017

Change History

statusactive
2026-07-18

Active

typeltd
2026-07-18

Private Limited Company

address line135 Cardigan Street
2026-07-18

35 CARDIGAN STREET

post townSuffolk
2026-07-18

SUFFOLK

CompanyRankvs 19347+ SIC 62090 peers
50

Financial strength89th percentile among SIC peers · 22/25
Employees41th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.05× · 2/20
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 strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

£150k

Balance sheet strength

Cash

£17k

Cash in the bank

Net Current Assets

-£882k

Working capital

Current Assets

£46k

Current Liabilities

£927k

Fixed Assets

£1.1M

Debtors

£28k

1avg. employees

Balance Sheet

Bank loans & overdrafts£8k
Assets less current liabilities£247k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.05-£18k
20240.58+£55k
20230.56

Derived from filed accounts. Not audited figures.