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Ixion Contracts Limited

05354602

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

8 STANLEY AVENUE, PORTSLADE, BN41 2WJ
Incorporated 07/02/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43390
Other building completion and finishing

Officers

Mrs Alison Jayne Budd

secretary · Since 07/02/2005

BRITISH · ENGLAND · Age 62

Also on 3 other boards

Mr Ian John Budd

director · Since 07/02/2005

ENGINEER

BRITISH · ENGLAND · Age 60

Mrs Alison Jayne Budd

director · Since 08/02/2008

ADMINISTRATOR

BRITISH · ENGLAND · Age 62

Also on 3 other boards

Persons with Significant Control

Mr Ian John Budd

25–50% shares

British · England · Age 60

8, Stanley Avenue, Portslade, BN41 2WJ

Notified 06/04/2016

Mrs Alison Jayne Budd

25–50% shares

British · England · Age 62

8, Stanley Avenue, Portslade, BN41 2WJ

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 24/02/2005Registered 25/02/2005

CompanyRankvs 26628+ SIC 43390 peers
34

Financial strength11th percentile among SIC peers · 3/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.36× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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26628Ixion Contracts Limited
44
How is this score calculated?
Financial strength3/25 pts

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

Employees9/15 pts

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

Liquidity2/20 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 31/03/2026

Net Worth

-£7k

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

-£14k

Working capital

Current Assets

£8k

Current Liabilities

£22k

Fixed Assets

£7k

Debtors

£301

2avg. employees

Tax at Year End(2023)

Corp tax£339
Signed by 05354602 2025-04-01 2026-03-31 05354602 2026-03-31 05354602 bus:OrdinaryShareClass1 2026-03-31 05354602 core:CurrentFinaPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20260.36
20250.15
20240.48
20230.92
20220.85
20210.97
20200.59
20190.62
20170.66

Derived from filed accounts. Not audited figures.