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Advance Networks Limited

04868566

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

43 CORK LANE, LEICESTER, LE2 9JS
Incorporated 15/08/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

61100
Wired telecommunications activities
61900
Other telecommunications activities
81299
Other cleaning services

Officers

Mr Kevin Gary Smith

secretary · Since 15/08/2003

TELECOM CONSULTANT

BRITISH · ENGLAND · Age 60

Also on 3 other boards

Mrs Francesca Marina Smith

director · Since 15/08/2003

FINANCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Mr Kevin Gary Smith

director · Since 15/08/2003

TELECOM CONSULTANT

BRITISH · ENGLAND · Age 60

Also on 3 other boards

Persons with Significant Control

Mrs Francesca Marina Smith

25–50% shares

British · United Kingdom · Age 61

43 Cork Lane, Leicester, LE2 9JS

Notified 06/04/2016

Mr Kevin Gary Smith

25–50% shares

British · England · Age 60

43 Cork Lane, Leicester, LE2 9JS

Notified 06/04/2016

CompanyRankvs 1961+ SIC 61100 peers
44

Financial strength10th percentile among SIC peers · 3/25
Employees63th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.43× · 2/20
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 strength3/25 pts

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

Employees9/15 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.

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

Key FinancialsYear ending 31/08/2024

Net Worth

-£6k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

£5k

Current Liabilities

£11k

Fixed Assets

£1k

2avg. employees

Balance Sheet

Assets less current liabilities-£5k
Signed by 04868566 2023-09-01 2024-08-31 04868566 2024-08-31 04868566 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.43+£2k
20230.54+£224
20220.48+£16
20210.42+£715
20200.50-£2k
20190.70-£2k
20180.43

Derived from filed accounts. Not audited figures.