Txo Systems Ltd
05479601
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/07/2025
INTERIM CEO
BRITISH · UNITED KINGDOM · Age 39
Also on 2 other boards
director · Since 11/08/2025
CHAIRPERSON
BRITISH · NORTHERN IRELAND · Age 58
Also on 9 other boards
director · Since 26/01/2026
BRITISH · UNITED KINGDOM · Age 60
Also on 6 other boards
Persons with Significant Control
Txo Delta Bidco Limited
1, St. James's Market Carlton St, London
Reg: 14718778 · Companies House · Private Limited Company
Notified 20/06/2023
Former PSCs
Mr Alan John Ockenden
Ceased 20/06/2023
Mrs Rachel Ockenden
Ceased 20/06/2023
Charges3 outstanding
LLOYDS BANK PLC ACTING IN ITS CAPACITY AS SECURITY TRUSTEE FOR THE SECURED PARTIES
LLOYDS BANK PLC AS SECURITY TRUSTEE OR SECURITY AGENT FOR THE SECURED PARTIES
LLOYDS BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
HSBC BANK PLC
EMORY PROPERTIES LIMITED
ED&O PROPERTY LIMITED
BRITISH OVERSEAS BANK NOMINEES LIMITED AND WGTC NOMINEES LIMITED
CompanyRankvs 5400+ SIC 61900 peers66
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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
Key FinancialsYear ending 30/06/2024
Net Worth
£16.4M
Balance sheet strength
Cash
£978k
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
£11.5M
Working capital
Current Assets
£24.6M
Current Liabilities
£13.1M
Fixed Assets
£5.0M
Debtors
£22.9M
Cost of Sales
£14.2M
Admin Expenses
£8.4M
Profit After Tax
£1.4M
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.88 | +£1.4M |
| 2023 | 1.77 | +£6.4M |
| 2022 | 1.47 | -£1.9M |
| 2021 | 1.93 | +£1.8M |
| 2020 | 1.79 | +£8.6M |
| 2019 | 1.39 | — |
Derived from filed accounts. Not audited figures.