Empiric Solutions Limited
05533824
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/10/2010
DIRECTOR
BRITISH · UNITED KINGDOM · Age 43
Also on 2 other boards
secretary · Since 18/06/2018
Persons with Significant Control
Tourstan Group Limited
6th Floor Kings House, 9-10 Haymarket, London, SW1Y 4BP
Reg: 08661559 · Companies House England And Wales · Private Limited Company Registered In England And Wales
Notified 06/04/2016
Former PSCs
Tourstan Global Limited
Ceased 18/06/2018
Charges2 outstanding
STEPHAN WILLIAMS
RBS INVOICE FINANCE LIMITED
LLOYDS TSB BANK PLC
LLOYDS TSB COMMERCIAL FINANCE LIMITED
CLOSE INVOICE FINANCE LIMITED
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 3470+ SIC 62020 peers62
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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
interest rates and political change. Despite this, management have determined that it does not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern . EMPIRIC SOLUTIONS LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 - 3 - Future developments The board are committed in growing the company through existing and
Key FinancialsYear ending 31/12/2024
Net Worth
£1.6M
Balance sheet strength
Cash
£466k
Cash in the bank
Profit Before Tax
£235k
Bottom line earnings
Net Current Assets
£1.4M
Working capital
Current Assets
£10.7M
Current Liabilities
£9.3M
Fixed Assets
£143k
Debtors
£10.3M
Admin Expenses
£8.6M
Profit After Tax
£59k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.16 | -£169k |
| 2023 | 1.17 | -£648k |
| 2022 | 1.15 | +£284k |
| 2021 | 1.21 | — |
Derived from filed accounts. Not audited figures.