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Currency Solutions Limited

04864491

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 7 outstanding charges (-10)

Details

UNIT A, 4TH FLOOR HOBBS COURT, LONDON, SE1 2BG
Incorporated 13/08/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities

Officers

Mr Hakan Celik Enver Ba Accounts & Finance

director · Since 13/08/2003

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Mr Robert Lee Griffith

director · Since 13/05/2010

NONE

BRITISH · ENGLAND · Age 47

Also on 1 other board

Deniz Enver

secretary · Since 01/04/2013

BRITISH

Mr Geoffrey John Dadswell

director · Since 12/07/2023

NON-EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 54

Persons with Significant Control

Currency Solutions Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Unit A, 4th Floor Hobbs Court, 2 Jacob Street, London, SE1 2BG

Reg: 11910748 · Companies House · Private Company Limited By Shares

Notified 12/06/2019

Former PSCs

Mr Robert Lee Griffith

Ceased 12/06/2019

Dr. Tien Tran

Ceased 12/06/2019

Charges7 outstanding

Charge
outstanding

REWARD FINANCE GROUP LIMITED

Created 26/03/2025Registered 31/03/2025
Charge
outstanding

INTERBAY FUNDING LTD (REGISTRATION NUMBER: 05595882)

Created 17/10/2019Registered 18/10/2019
Charge
outstanding

INTERBAY FUNDING, LTD.

Created 17/10/2019Registered 17/10/2019
charge
satisfied

MARFIN POPULAR BANK PUBLIC CO LTD

Created 16/09/2010Registered 17/09/2010Satisfied 17/07/2019
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 05/11/2009Registered 13/11/2009
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 14/11/2007Registered 17/11/2007
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 11/10/2007Registered 30/10/2007
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 07/09/2007Registered 19/09/2007
charge
satisfied

BARCLAYS BANK PLC

Created 08/07/2004Registered 15/07/2004Satisfied 15/09/2007
charge
satisfied

BARCLAYS BANK PLC

Created 29/04/2004Registered 08/05/2004Satisfied 15/09/2007
charge
satisfied

BARCLAYS BANK PLC

Created 01/04/2004Registered 10/04/2004Satisfied 07/09/2004

CompanyRankvs 1179+ SIC 64999 peers
62

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding 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.

Employees15/15 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/03/2021

Turnover

£6.7M

Annual revenue

Net Worth

£5.6M

Balance sheet strength

Cash

£18.5M

Cash in the bank

Profit Before Tax

£902k

Bottom line earnings

Net Current Assets

£5.3M

Working capital

Current Assets

£23.1M

Current Liabilities

£17.8M

Fixed Assets

£1.5M

Debtors

£4.6M

Cost of Sales

£990k

Gross Profit

£5.7M

Admin Expenses

£5.0M

Operating Profit

£1.0M

Profit After Tax

£869k

50avg. employees

Tax at Year End

Corp tax£73k
Dividends paid-£291k

People Costs

Wages & salaries£3.4M
NI contributions£370k

Balance Sheet

Bank loans & overdrafts£1.1M
Assets less current liabilities£6.9M
Prepared with Caseware UK (AP4) 2020.0.247

EstimatesDerived

YearCurrent Ratio
20211.30

Derived from filed accounts. Not audited figures.