Back to search

Systems@Work Limited

04756697

active
ltd
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

20 Cumberland Mansions West End Lane, London, NW6 1LL
Incorporated 07/05/2003

Previously known as

Teredo Limited · until 13/04/2007
Four Business Solutions Limited · until 20/02/2004

Compliance

Last accounts

31/12/2025

total exemption full

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 31/12/2025

Due 14/01/2027

On track

Industry

62012
Business and domestic software development

Officers

Michael Anthony Sheehan

director · Since 24/02/2004

Irish · England · Age 59

Michael Anthony Sheehan

secretary · Since 24/02/2004

Irish

Former

Michael Anthony Sheehan

director · Resigned 09/02/2004

Michael Anthony Sheehan

secretary · Resigned 09/02/2004

John Edward O'Brien

director · Resigned 26/02/2004

Shaun Martin Cassidy

director · Resigned 26/02/2004

John Edward O'Brien

secretary · Resigned 26/02/2004

Eilis Tobin

director · Resigned 15/11/2023

Persons with Significant Control

Mr Michael Anthony Sheehan

75–100% shares

Irish · England · Age 59

20 Cumberland Mansions, West End Lane, London, NW6 1LL

Notified 07/05/2016

Former PSCs

Ms Eilis Tobin

Ceased 15/11/2023

Change History

statusactive
2026-06-07

Active

typeltd
2026-06-07

Private Limited Company

address line120 Cumberland Mansions West End Lane
2026-06-07

20 CUMBERLAND MANSIONS

post townLondon
2026-06-07

LONDON

officer appointedSHEEHAN, Michael Anthony
2026-06-07
officer appointedSHEEHAN, Michael Anthony
2026-06-07

CompanyRankvs 7791+ SIC 62012 peers
72

Financial strength74th percentile among SIC peers · 19/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.01× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength19/25 pts

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

Employees11/15 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.

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

Key FinancialsYear ending 31/12/2025

Net Worth

£22k

Balance sheet strength

Cash

£353k

Cash in the bank

Net Current Assets

£9k

Working capital

Current Assets

£599k

Current Liabilities

£590k

Fixed Assets

£15k

Debtors

£245k

Profit After Tax

£18k

2avg. employees

Tax at Year End

Corp tax£6k
Dividends paid£500

Balance Sheet

Bank loans & overdrafts£4k
Assets less current liabilities£24k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.01+£18k
20241.00-£477
20231.04-£375
20221.04+£1k
20211.06-£12k
20201.09-£5k
20191.06+£11k
20181.08

Derived from filed accounts. Not audited figures.