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Iti Simulation Limited

04819820

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

ITI GROUP, ECKINGTON, S21 4HL
Incorporated 03/07/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Paul William Bayliss

director · Since 01/03/2022

CHIEF OPERATING OFFICER

BRITISH · ENGLAND · Age 42

Also on 3 other boards

Mr Mark Edward Hardy

director · Since 24/11/2022

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 7 other boards

Mr Marcus Richard Royle

director · Since 13/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 6 other boards

Persons with Significant Control

Iti Operations Limited

75–100% shares

Iti Operations Limited, Rotherside Road, Sheffield, S21 4HL

Notified 30/10/2020

Former PSCs

Mr Shane Stanley Kite

Ceased 30/10/2020

Charges3 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED AS SECURITY TRUSTEE AND SECURITY AGENT FOR THE SECURED PARTIES

Created 12/11/2025Registered 13/11/2025
Charge
outstanding

SHAWBROOK BANK LIMITED AS SECURITY AGENT

Created 22/06/2022Registered 29/06/2022
Charge
outstanding

SHAWBROOK BANK LIMITED AS SECURITY AGENT

Created 30/11/2020Registered 02/12/2020

CompanyRankvs 5980+ SIC 62090 peers
79

Financial strength99th percentile among SIC peers · 25/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.91× · 20/20
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 strength25/25 pts

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

Employees14/15 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.

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 31/12/2019

Net Worth

£2.3M

Balance sheet strength

Cash

£2.6M

Cash in the bank

Net Current Assets

£2.3M

Working capital

Current Assets

£3.1M

Current Liabilities

£780k

Fixed Assets

£72k

Debtors

£434k

14avg. employees-1

Balance Sheet

Assets less current liabilities£2.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20193.91+£346k
20182.90—

Derived from filed accounts. Not audited figures.