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Iprinciples Limited

04776271

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

553 BATH ROAD, BRISTOL, BS31 3JG
Incorporated 23/05/2003

Compliance

Last accounts

31/05/2025

micro entity

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 09/01/2026

Due 23/01/2027

On track

Industry

62012
Business and domestic software development

Officers

Mr Richard James Godfrey

director · Since 31/05/2003

CEO

UNITED KINGDOM · ENGLAND · Age 57

Also on 5 other boards

Mr Keith Graham Walker

director · Since 05/01/2017

CTO

UNITED KINGDOM · ENGLAND · Age 53

Also on 1 other board

Persons with Significant Control

Mr Keith Graham Walker

25–50% shares
25–50% votes

United Kingdom · England · Age 53

553, Bath Road, Bristol, BS31 3JG

Notified 06/04/2016

Mr Richard James Godfrey

25–50% shares
25–50% votes

United Kingdom · England · Age 57

553, Bath Road, Bristol, BS31 3JG

Notified 09/03/2017

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 20/03/2024Registered 08/04/2024
charge
outstanding

HSBC BANK PLC

Created 14/01/2009Registered 15/01/2009

CompanyRankvs 13140+ SIC 62012 peers
55

Financial strength89th percentile among SIC peers · 22/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.13× · 2/20
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 strength22/25 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.

Liquidity2/20 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 31/05/2025

Net Worth

£144k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£157k

Working capital

Current Assets

£24k

Current Liabilities

£181k

Fixed Assets

£302k

2avg. employees

Balance Sheet

Assets less current liabilities£145k
Signed by 04776271 2024-06-01 2025-05-31 04776271 2025-05-31 04776271 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.13+£0
20250.13
20240.03
20230.96
20220.81
20211.61-£722
20201.67-£2k
20191.78

Derived from filed accounts. Not audited figures.