Ix Reach Ltd
05172804
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 07/07/2025
Due 21/07/2026
Industry
Officers
director · Since 05/04/2019
CHIEF EXECUTIVE
FRENCH · UNITED ARAB EMIRATES · Age 43
Also on 3 other boards
Persons with Significant Control
Ixr Holdings Limited
Southgate 2, 321 Wilmslow Road, Cheadle, SK8 3PW
Reg: 08293649 · Companies House · Private Limited Company
Notified 06/04/2016
Former PSCs
Mr Al Burgio
Ceased 23/01/2017
Allegro Technology Investments Limited
Ceased 23/01/2017
Mr Stephen James Wilcox
Ceased 07/10/2017
CompanyRankvs 2330+ SIC 61100 peers31
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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
Going concern doubt: -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 the date when the financial statements are authorised for issue. Our responsibilities, and the responsibilities of the director , with respect to going co
Key FinancialsYear ending 31/12/2025
Turnover
£7.7M
Annual revenue
Net Worth
-£369k
Balance sheet strength
Cash
£319k
Cash in the bank
Profit Before Tax
£331k
Bottom line earnings
Net Current Assets
-£369k
Working capital
Current Assets
£5.9M
Current Liabilities
£6.3M
Fixed Assets
£98
Debtors
£5.6M
Cost of Sales
£6.8M
Gross Profit
£921k
Admin Expenses
£533k
Operating Profit
£388k
Profit After Tax
£331k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.94 | +£901k |
| 2022 | 0.76 | — |
Derived from filed accounts. Not audited figures.