Sphere Solutions Limited
05339792
Healthy
- Going concern doubt noted in accounts (-10)
- 7 outstanding charges (-10)
Details
Compliance
Last accounts
31/03/2025
medium
Next accounts due
31/12/2026
Confirmation statement
Last: 25/01/2026
Due 08/02/2027
Industry
Officers
Former
director · Resigned 26/10/2018
Persons with Significant Control
Sphere Projects Limited
Unit 1, Ty Nant Court, Cardiff, CF15 8LW
Reg: 07429652 · Companie House · Ltd
Notified 06/04/2016
Charges7 outstanding
HSBC UK BANK PLC
HSBC BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD
SPHERE PROJECTS LIMITED
BARCLAYS BANK PLC
BARCLAYS BANK PLC
HSBC BANK PLC
CAPITAL HOME LOANS LIMITED
HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)
HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)
Change History
Active
Private Limited Company
1 TY-NANT COURT
CARDIFF
CompanyRankvs 951+ SIC 78109 peers61
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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
Outstanding charges: -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 when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£40.0M
Annual revenue
Net Worth
£722k
Balance sheet strength
Cash
£817k
Cash in the bank
Profit Before Tax
£661k
Bottom line earnings
Net Current Assets
£872k
Working capital
Current Assets
£7.2M
Current Liabilities
£6.3M
Fixed Assets
£181k
Debtors
£6.4M
Cost of Sales
£34.4M
Gross Profit
£5.6M
Admin Expenses
£4.8M
Operating Profit
£832k
Profit After Tax
£516k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.14 | -£267k |
| 2024 | 1.22 | -£151k |
| 2023 | 1.36 | +£25k |
| 2022 | 1.54 | -£2.7M |
| 2021 | 2.62 | — |
Derived from filed accounts. Not audited figures.