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Silvernet Limited

05386276

active
Private Limited Company
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 PRESLEY WAY, MILTON KEYNES, MK8 0ES
Incorporated 09/03/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26309
26309

Officers

Mandy Ballard

secretary · Since 09/03/2005

BRITISH

Mr Christopher Roland Ballard

director · Since 09/03/2005

ENGINEER

BRITISH · UNITED KINGDOM · Age 52

Also on 1 other board

Persons with Significant Control

Mrs Mandy Joyce Ballard

25–50% shares

British · United Kingdom · Age 55

19 Presley Way, Crownhill, Milton Keynes, MK8 0ES

Notified 06/04/2016

Mr Christopher Roland Ballard

50–75% shares

British · United Kingdom · Age 52

19 Presley Way, Crownhill, Milton Keynes, MK8 0ES

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

THE CO-OPERATIVE BANK P.L.C.

Created 27/11/2020Registered 27/11/2020Satisfied 21/06/2023

CompanyRankvs 44+ SIC 26309 peers
70

Financial strength77th percentile among SIC peers · 19/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.6× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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44Silvernet Limited
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How is this score calculated?
Financial strength19/25 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

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

material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis. Page 5 SILVERNET LIMITED (REGISTERED NUMBER: 05386276) Notes to the Financial Statements - continued for the Year Ended 30 November 2024 3. EMPLOYEES AND DIRECTORS The average number of employ

Key FinancialsYear ending 30/11/2024

Net Worth

£332k

Balance sheet strength

Cash

£120k

Cash in the bank

Net Current Assets

£316k

Working capital

Current Assets

£514k

Current Liabilities

£198k

Fixed Assets

£52k

Debtors

£258k

5avg. employees

Balance Sheet

Assets less current liabilities£369k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.60+£20k
20232.46-£24k
20223.12+£15k
20214.30—

Derived from filed accounts. Not audited figures.