Avid Technology Limited
04978723
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/06/2024
CHIEF EXECUTIVE
AMERICAN · UNITED STATES · Age 60
Also on 7 other boards
Persons with Significant Control
Avid Technology Group Limited
Unit 3d Admiral Business Park, Nelson Way, Nelson Park West, Cramlington, NE23 1WG
Reg: 06846533 · Companies House · Private Limited Company
Notified 06/04/2016
Charges2 outstanding
AVENUE VENTURE OPPORTUNITIES FUND II, L.P. (AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT FOR LE
AVENUE VENTURE OPPORTUNITIES FUND II, L.P. (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEF
MAVEN CAPITAL PARTNERS UK LLP (AS SECURITY TRUSTEE)
NVM PRIVATE EQUITY LLP
NORTHUMBERLAND COUNTY COUNCIL
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CompanyRankvs 604+ SIC 30990 peers24
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/12/2024
Net Worth
-£9.5M
Balance sheet strength
Cash
£129k
Cash in the bank
Net Current Assets
-£10.9M
Working capital
Current Assets
£3.2M
Current Liabilities
£14.1M
Fixed Assets
£1.3M
Debtors
£2.1M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.23 | -£3.0M |
| 2023 | 0.30 | -£2.4M |
| 2022 | 0.39 | -£4.5M |
| 2021 | — | -£427k |
| 2021 | 0.81 | — |
Derived from filed accounts. Not audited figures.