First Source It Limited
04761466
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 12/05/2003
IT SOLUTION PROVIDER
BRITISH · ENGLAND · Age 48
Also on 1 other board
Persons with Significant Control
Mr Kerrin Harris
British · England · Age 48
5, Wright Road, Cheltenham, GL54 2NP
Notified 01/06/2016
Charges2 outstanding
CONNELLS RESIDENTIAL
HSBC BANK PLC
CompanyRankvs 65704+ SIC 62020 peers40
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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 30/06/2025
Net Worth
£143
Balance sheet strength
Cash
£25k
Cash in the bank
Net Current Assets
-£2k
Working capital
Current Assets
£52k
Current Liabilities
£54k
Fixed Assets
£2k
Debtors
£27k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.97 | — |
| 2024 | 1.05 | -£10k |
| 2023 | 1.12 | — |
Derived from filed accounts. Not audited figures.