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Sourcetech Ltd

04774783

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

C/O FROST GROUP LIMITED COURT HOUSE, ASHBY-DE-LA-ZOUCH, LE65 1BR
Incorporated 22/05/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Michael Anthony Pond

secretary · Since 22/05/2003

IT SALES

BRITISH · ENGLAND · Age 54

Also on 15 other boards

Mr Michael Anthony Pond

director · Since 22/05/2003

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 15 other boards

Mr Christopher Philip Poulson

director · Since 22/05/2003

SALES DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 4 other boards

Persons with Significant Control

Mr Christopher Poulson

25–50% shares
25–50% votes

British · England · Age 49

C/O Frost Group Limited Court House, Old Police Station South Street, Ashby-De-La-Zouch, LE65 1BR

Notified 06/04/2016

Mr Michael Anthony Pond

25–50% shares
25–50% votes

British · England · Age 54

C/O Frost Group Limited Court House, Old Police Station South Street, Ashby-De-La-Zouch, LE65 1BR

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 03/08/2017Registered 03/08/2017Satisfied 08/04/2025
Charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 13/09/2016Registered 19/09/2016Satisfied 03/12/2020
charge
satisfied

GE COMMERCIAL FINANCE LIMITED

Created 14/08/2007Registered 20/08/2007Satisfied 03/12/2016
charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED AS SECURITY TRUSTEE

Created 25/01/2006Registered 26/01/2006Satisfied 28/09/2016

CompanyRankvs 15+ SIC 62090 peers
50

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 11.77× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity20/20 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 30/04/2024

Net Worth

£487k

Balance sheet strength

Cash

£362k

Cash in the bank

Net Current Assets

£503k

Working capital

Current Assets

£549k

Current Liabilities

£47k

Fixed Assets

£726

Debtors

£182k

0avg. employees-4

Tax at Year End(2023)

Corp tax£3k

Balance Sheet

Assets less current liabilities£503k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
202411.77-£18k
202310.70-£4k
202210.18+£1k
20213.97—

Derived from filed accounts. Not audited figures.