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Optimise Systems Ltd

05195461

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

1 WOODS END, NEWARK, NG23 7DZ
Incorporated 02/08/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Barrie Astbury

secretary · Since 20/09/2004

SOFTWARE ENGINEER

BRITISH · ENGLAND · Age 81

Also on 9 other boards

Mr Barrie Astbury

director · Since 20/09/2004

SOFTWARE ENGINEER

BRITISH · ENGLAND · Age 81

Also on 9 other boards

Mr Nicholas Michael Narracott

director · Since 20/09/2004

SOFTWARE TECHNICIAN

BRITISH · ENGLAND · Age 79

Persons with Significant Control

Mr Barrie Astbury

Significant control
significant-influence-or-control-as-firm

British · England · Age 81

10, High Street, Lincoln, LN6 9LW

Notified 22/07/2016

Charges2 outstanding

charge
outstanding

ULTIMATE FINANCE LIMITED

Created 27/06/2006Registered 07/07/2006
charge
outstanding

BARCLAYS BANK PLC

Created 11/04/2006Registered 22/04/2006
charge
satisfied

AFFINITUS GROUP LIMITED

Created 19/05/2005Registered 20/05/2005Satisfied 23/11/2005

CompanyRankvs 2449+ SIC 62012 peers
71

Financial strength80th percentile among SIC peers · 20/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.2× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength20/25 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.

Liquidity20/20 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

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

£47k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£15k

Working capital

Current Assets

£28k

Current Liabilities

£13k

Fixed Assets

£65k

2avg. employees

Balance Sheet

Assets less current liabilities£81k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20242.20+£37k
20230.56+£409
20220.76+£185
20211.04-£25k
20201.61
20191.23
20180.87

Derived from filed accounts. Not audited figures.