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Source Media Limited

05113166

active
ltd
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

C2 Daedalus Drive, Lee-On-The-Solent, PO13 9FX
Incorporated 27/04/2004

Compliance

Last accounts

30/04/2024

total exemption full

Next accounts due

27/07/2026

On track

Confirmation statement

Last: 17/04/2026

Due 01/05/2027

On track

Industry

46510
Wholesale of computers, computer peripheral equipment and software

Officers

Mr Michael Anthony Pond

secretary · Since 30/04/2004

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 15 other boards

Mr Michael Anthony Pond

director · Since 30/04/2004

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 15 other boards

Mr Christopher Philip Poulson

director · Since 30/04/2004

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 4 other boards

Michael Anthony Pond

secretary · Since 30/04/2004

British

Michael Anthony Pond

director · Since 30/04/2004

British · England · Age 54

Christopher Philip Poulson

director · Since 30/04/2004

British · England · Age 49

Persons with Significant Control

Mr Michael Anthony Pond

ownership-of-shares-50-to-75-percent-as-firm

British · England · Age 54

C2, Daedalus Drive, Lee-On-The-Solent, PO13 9FX

Notified 01/06/2016

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 03/08/2017Registered 03/08/2017Satisfied 08/04/2025
Charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 13/09/2016Registered 19/09/2016Satisfied 03/12/2020
charge
satisfied

GE COMMERCIAL FINANCE LIMITED

Created 14/08/2007Registered 20/08/2007Satisfied 03/12/2016
charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 27/04/2005Registered 28/04/2005Satisfied 28/09/2016

Change History

status → active
2026-06-25

Active

type → ltd
2026-06-25

Private Limited Company

address line1 → C2 Daedalus Drive
2026-06-25

C2 DAEDALUS DRIVE

post town → Lee-On-The-Solent
2026-06-25

LEE-ON-THE-SOLENT

officer appointed → POND, Michael Anthony
2026-06-25
officer appointed → POND, Michael Anthony
2026-06-25
officer appointed → POULSON, Christopher Philip
2026-06-25

CompanyRankvs 1400+ SIC 46510 peers
48

Financial strength4th percentile among SIC peers · 1/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.76× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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1400Source Media Limited
44
How is this score calculated?
Financial strength1/25 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.

Liquidity6/20 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 30/04/2024

Net Worth

-£49k

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

-£33k

Working capital

Current Assets

£103k

Current Liabilities

£136k

Fixed Assets

£5

Debtors

£24k

2avg. employees

Tax at Year End

Corp tax£142

Balance Sheet

Assets less current liabilities-£33k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.76-£17k
20230.93-£11k
20221.07-£45k
20211.40—

Derived from filed accounts. Not audited figures.