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True Capital Ltd

04705175

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 12 outstanding charges (-10)

Details

TRUE HOUSE, LONDON, SW1E 6NF
Incorporated 20/03/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Matthew Arthur Truman

secretary · Since 20/03/2003

ACCOUNTANT

BRITISH · Age 47

Mr Matthew Arthur Truman

director · Since 20/03/2003

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 47

Also on 9 other boards

Mr Paul Andrew Cocker

director · Since 16/06/2008

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 47

Also on 23 other boards

Mr Richard David Mergler

director · Since 17/02/2017

NON-EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 61

Mr William James Pearson

director · Since 02/08/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 17 other boards

Persons with Significant Control

Mr Paul Andrew Cocker

25–50% shares
25–50% votes

British · United Kingdom · Age 47

True House, 29 Buckingham Gate, London, SW1E 6NF

Notified 06/04/2016

Mr Matthew Arthur Truman

25–50% shares
25–50% votes

British · United Kingdom · Age 47

True House, 29 Buckingham Gate, London, SW1E 6NF

Notified 06/04/2016

Charges12 outstanding

Charge
outstanding

HSBC INNOVATION BANK LIMITED

Created 27/06/2024Registered 16/07/2024
Charge
outstanding

HSBC INNOVATION BANK LIMITED

Created 12/07/2023Registered 18/07/2023
Charge
outstanding

SILICON VALLEY BANK

Created 24/02/2022Registered 14/03/2022
Charge
outstanding

SILICON VALLEY BANK

Created 07/10/2021Registered 14/10/2021
Charge
outstanding

SILICON VALLEY BANK

Created 01/07/2021Registered 19/07/2021
Charge
outstanding

SILICON VALLEY BANK

Created 01/07/2021Registered 08/07/2021
Charge
outstanding

SILICON VALLEY BANK

Created 14/06/2021Registered 19/06/2021
Charge
outstanding

SILICON VALLEY BANK

Created 14/06/2021Registered 18/06/2021
Charge
outstanding

SILICON VALLEY BANK

Created 17/07/2020Registered 23/07/2020
Charge
outstanding

SILICON VALLEY BANK

Created 17/07/2020Registered 23/07/2020
Charge
outstanding

SILICON VALLEY BANK, THE "LENDER" AS DEFINED IN THE INSTRUMENT EVIDENCING THE CHARGE ACCOMPANYI

Created 20/07/2018Registered 23/07/2018
Charge
outstanding

SILICON VALLEY BANK, THE "LENDER" AS DEFINED IN THE INSTRUMENT EVIDENCING THE CHARGE ACCOMPANYI

Created 20/07/2018Registered 23/07/2018

CompanyRankvs 209260+ SIC 41100 peers
48

Financial strength96th percentile among SIC peers · 24/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.39× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees2/15 pts

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

Liquidity12/20 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

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

identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent 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 c

Key FinancialsYear ending 31/03/2025

Net Worth

£1.7M

Balance sheet strength

Cash

£367k

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£4.3M

Current Liabilities

£3.1M

Fixed Assets

£496k

Debtors

£20k

Profit After Tax

£1.9M

0avg. employees-40

Tax at Year End

Corp tax£262k
Dividends paid£1.9M

Balance Sheet

Intangible assets£89k
Assets less current liabilities£1.7M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20251.39+£22k
20241.21-£42k
20231.31-£313k
20221.38+£213k
20211.57+£93k
20201.66

Derived from filed accounts. Not audited figures.