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Ith Limited

04647550

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

GROUND FLOOR, LONDON, EC2A 3LT
Incorporated 24/01/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr Wesley Anthony Saunders

director · Since 29/07/2022

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 13 other boards

Mr Alessandro Carlo Dinardo

director · Since 27/04/2026

BRITISH · ENGLAND · Age 45

Also on 6 other boards

Persons with Significant Control

Optimum Defected Holdings Limited

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

Arnold House, 21-33 Great Eastern Street, London, EC2A 3EJ

Reg: 14058237 · Register Of Companies · Private Limited Company

Notified 29/07/2022

Former PSCs

Mr Simon Dunmore

Ceased 29/07/2022

CompanyRankvs 150120+ SIC 59200 peers
35

Financial strength0th percentile among SIC peers · 0/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

-£3.5M

Balance sheet strength

Cash

£199k

Cash in the bank

Net Current Assets

-£3.6M

Working capital

Current Assets

£3.5M

Current Liabilities

£7.0M

Fixed Assets

£100k

Debtors

£3.3M

0avg. employees

Balance Sheet

Assets less current liabilities-£3.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.49-£1.6M
20230.76-£329k
20220.70-£199k
20210.62-£476k
20200.59
20190.78
20180.59

Derived from filed accounts. Not audited figures.