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Think Rethink Ltd

04719446

active
Private Limited Company
england wales
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

17 LICHFIELD STREET, WALSALL, WS1 1TJ
Incorporated 01/04/2003

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 25/11/2025

Due 09/12/2026

On track

Industry

62090
Other information technology service activities

Officers

Mr Scott Charles Kean

director · Since 19/05/2018

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 3 other boards

Mr Mark Jonathan Salvin

director · Since 01/12/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 8 other boards

Persons with Significant Control

Orbital 10 Ltd

75–100% shares

Unit 2, Mortimer Business Park, Mortimer Road, Hereford, HR4 9SP

Reg: 13227744 · Companies House · Limited Company

Notified 09/12/2021

Former PSCs

Mrs Alexandra Walford Pattison-Appleton

Ceased 22/05/2018

Mr Hugh Richard Pattison-Appleton

Ceased 22/05/2018

Pattison-Appleton Holdings Ltd

Ceased 21/05/2018

Mr Scott Charles Kean

Ceased 21/12/2021

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 03/05/2003Registered 20/05/2003

CompanyRankvs 45262+ SIC 62090 peers
29

Financial strength3th percentile among SIC peers · 1/25
Employees16th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.55× · 6/20
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 strength1/25 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.

Liquidity6/20 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

-£155k

Balance sheet strength

Cash

£0

Cash in the bank

Net Current Assets

-£137k

Working capital

Current Assets

£168k

Current Liabilities

£305k

Fixed Assets

£4k

Debtors

£150k

0avg. employees

Tax at Year End(2023)

VAT£5k

Balance Sheet

Intangible assets£0
Assets less current liabilities-£133k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.55+£0—
20250.55-£75k—
20240.65-£26k—
20230.46—£102k

Derived from filed accounts. Not audited figures.