Logic 1st Limited
04697910
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/08/2024
DIRECTOR
BRITISH · ENGLAND · Age 39
Also on 26 other boards
director · Since 30/08/2024
DIRECTOR
BRITISH · ENGLAND · Age 37
Also on 5 other boards
Persons with Significant Control
L2j Ltd
Second Floor, 3 Liverpool Gardens, Worthing, BN11 1TF
Reg: 12472389 · Companies House · Private Company Limited By Shares
Notified 01/04/2021
Former PSCs
Mr John Anthony Hobbs
Ceased 01/04/2021
Mrs Nicola Jane Aston-Clarke
Ceased 08/05/2018
Charges2 outstanding
TC LOANS LIMITED
BARCLAYS BANK PLC
HSBC BANK PLC
CompanyRankvs 15850+ SIC 62020 peers62
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2024
Net Worth
£50
Balance sheet strength
Cash
£187k
Cash in the bank
Net Current Assets
£186k
Working capital
Current Assets
£268k
Current Liabilities
£81k
Fixed Assets
£6k
Debtors
£78k
Tax at Year End(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.29 | — |
| 2023 | 4.04 | — |
| 2022 | 3.85 | +£92k |
| 2021 | 3.68 | +£53k |
| 2020 | 12.86 | +£28k |
| 2019 | 3.15 | — |
Derived from filed accounts. Not audited figures.