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System Ltd

05261430

active
Private Limited Company
england wales
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)
  • Going concern doubt noted in accounts (-10)

Details

19 THE CIRCLE, LONDON, SE1 2JE
Incorporated 15/10/2004

Compliance

Last accounts

31/12/2025

small

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 05/03/2026

Due 19/03/2027

On track

Industry

33200
Installation of industrial machinery and equipment
71121
Engineering design activities for industrial process and production

Officers

Mr Umberto Coruzzi

director · Since 25/07/2016

DIRECTOR

ITALIAN · ITALY · Age 63

Mr Luca Canali

director · Since 01/04/2021

DIRECTOR

ITALIAN · ITALY · Age 49

Mr Yuba Raj Neupane

director · Since 01/04/2021

NON EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 3 other boards

Persons with Significant Control

Mr Luigi Panzetti

Significant control

Italian · Italy · Age 64

19, The Circle, London, SE1 2JE

Notified 27/07/2021

Former PSCs

System Logistics S.P.A

Ceased 27/07/2021

CompanyRankvs 1866+ SIC 33200 peers
49

Financial strength51th percentile among SIC peers · 13/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 1× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength13/25 pts

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

Employees4/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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

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

cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. 1.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Key FinancialsYear ending 31/12/2020

Net Worth

£19k

Balance sheet strength

Cash

£546k

Cash in the bank

Net Current Assets

£17k

Working capital

Current Assets

£6.5M

Current Liabilities

£6.5M

Fixed Assets

£2k

Debtors

£6.0M

1avg. employees

Tax at Year End

VAT£236k

Balance Sheet

Assets less current liabilities£19k
Signed by Mr Umberto Coruzzi 02/03/2021Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20201.00+£2k£4.7M
20191.00+£144k£4.7M
20180.91——

Derived from filed accounts. Not audited figures.